Before i tell you my super original joke of how i made five figures, riding the rkt rocket to the moon on tuesday and then lost another five figures when the rocket crashed on wednesday. I have a super important update to tell you. I got a new plant, so i went to costco a couple of days ago to do some market research and see if i should invest in the stock just kidding, i'm just there for the one dollar, hot dog and the drink. That's super important.

That's a steal! Right there so i bought this plant. It was on sale for like 12 dollars, and you can see the name of the plant is calafia, so i decided to name her kathy kathy wood so back to stocks so um this is rkt. On wednesday. I made money on the way up on day, one which is on tuesday, when we had a high volume stock squeeze from 27, all the way to 42 um near the end of the day.

So and i actually carried a lot of the loans overnight and thinking that we're gon na get see some continuation and you can't really see this on this chart, but on wednesday morning, the stock gapped up to 48. But unfortunately, by the time i woke up um. It was already gapping kind of selling off the entire gap um. So on 48, this thing got sold all the way back to 42 and when i saw it was trading around 30 nights.

So that's why i caught cut a lot of my losses on my overnight loans and that's the majority of my losses, um on rkt long actually and at the open. I did have some. You know decent loan trade and then i flipped short over here, but unfortunately i wasn't able to ride out my short trades and the stock was very weak um and it just seemed like it was basing around. So i didn't stay for that long, but you can see the stock cracked, the 33s and it's just tanked down to uh 29 without me.

So yesterday i the majority of my losses, was on rkt on the long side i had some small shorts, but i wasn't able to get a very good entry and i wasn't able to write it out. So that's what ended up the day read um. I think, like nine thousand seven hundred dollars, i just call it ten thousand dollars lost yesterday. I'm sure some people will be freaking out about that loss in the comment section um but like we often talked about on this channel, everyone's trading account size and risk.

Tolerance is different, so for me, ten thousand dollars, while it's not fun, it's not a big loss by any means, and that loss was a little bit over half of my profits from the day before so coming into today, on thursday, where i'm preparing for my trades, I'm actually size down by half today, so i'm taking smaller sizes um after yesterday's uh red day. It's just my rules where, after a red day, whether it doesn't matter whether it's big or small, i slice down, um and just think kind of take base, hits and trade um the plan and that's exactly what i did today so on rkt. Today, the plan was after seeing how weak the stock was. Yesterday, the plan was wait for the bounces to around 30s and perhaps 31s to short into, and also the market was really volatile off the open today and a lot of these stocks are selling off.

So that's why i was more short, biased on rkt, even with small size. I scaled in around the 30 resistance from yesterday and the shorter the same, and i added on the way down. I was actually out around here, um by 28, after the 30 average um. I was out by like 28 90s and after seeing how soft um the strength was, you can see this thing couldn't even bounce off previous day close and also at the time market was still selling off.

So i went back in short around the previous day: closed area, um shorted into the 2780s added some to 2760s, and the risk would have been the previous day closed. But this thing just tanked you can see we went all the way down to 26.30 and then near the bottom was 25 60 cents, so um. So when the over market is kind of just selling off, i'm just riding the wave on the way down over. Here.

I then go back in for some um scalps, but you can see how this thing - the rkt reclaimed red to green and looks really strong for a second all the way to almost 30 dollars and then right back down with the market again back to 27's um. So i mean this plays on the long side and the short side, but you just want to make sure you're reading the price action you're reading the overall market conditions and playing according to the plan so very decent trade on this today, the next stock is skt. So this thing was up with no news pre-market. You can see we went from pretty much 19 all the way to 25s.

That's a pretty pretty strong, parabolic move. There was no news on this. The only thing that i could find was that it's one of the stocks that everyone on reddit was talking about and it's highly shorted um. But when this move happens, you know you see this parabolic move pre-market so pre-market.

I did have a scalp short um around the i started in 24th and added uh once this. This ken topping candle came in added around 2460s and i was just able to write it down to 23s uh and i didn't think it was gon na tank right. All the way back to the bottom, to twenty twenty dollars um at the time, i wasn't sure whether they are going to hold up around the 22s. But after seeing how weak it was pre-market, you can see this thing sold off the entire gap and also market again was a little bit soft.

So that's why i was more short, biased, looking to short the bounces around to you know the same levels to the 22s 2250s scale in shorts. I started back in pre-market and then added on the way up after the open, we had another spike to 21 50s. Rejecting that same 22 level, again, you can see very clear on this two minute chart um the high was 20 to 40s, and that was also the high from on this pre-market squeeze and the um. You can see we failed once and twice, and this thing only would only be bullish if we can reclaim those highs, but we couldn't do that and that's why i went back in short and shorter on the way down covered most of it here at a small Chase around here again market was very volatile and selling off very aggressively, so i'm just joining trend to the downside um, so i showed it more 24, sorry, 20 dollars 40 cents and added on the way here to the 20s.

Once that cracked um, we went all the way down to 1850, so just got ta got ta trade with the market and see what the the market condition is like so another decent trade. On this one and remember, i said i actually sized down today and i was using half the size i was using yesterday. So even though there were not any individual home run, wins they still added up very nicely today. Uh the next stock is a dkng.

This one i traded on the long side, so you can see dkng also sold off with a market uh 67 down to 61. I was not involved in the in the trades early on because i was focused on rkt and skt, but once the bottom formed around here you saw the bottom 61 and at the time market was stabilizing. So if you're trading these volatile stocks, you want to make sure you're watching uh the spy s sp y. So i was watching the market reversing and i got in starter along around 6250s and actually added on the way up, um, 63s and uh.

I i no. I i wish i i held it longer, obviously everything's clear in hindsight uh, but at the time it just doesn't seem like market, which is going to go back straight up, but it did um. So i was sold way too early around the 63 50s and 63 40s and you can see the stock at later, i'm going to do 64 and 65, but um when you are kind of kind of longing, the bounce after a volatile sell-off. You still have to be careful, so um still a good trade on this part.

The final trade is neo, so this one i basically traded the same way as uh dkng, draftkings um. You can see this thing sold off at the open with the rest of the market from 42 dollars. This thing went all the way down to like 37 38. I was not involved early on, but um same idea as draftkings once you know, start stabilizing, i'm watching the market watching spy, i'm not trying to pick the bottoms if this thing failed, the law of the day i'm out, but only because it's starting holding you can See under two minutes, you know the selling slowed down.

I started in small size, never going full size right away and added once the bottom set and re-added after this candle breaks out with high volume and roll down the way up. Of course, i sewed a little too early around 39, but i held the rest to 40. So i'm really happy about this. This one um i held this a little bit longer than draftkings, but you can see this thing went all the way back to like 40 140s and like almost going green on the day, but but i'm just taking the meat of the move.

Remember i had a red day yesterday so coming into the market today, with my share sizes cut in half. Basically, my my goal was just to plan my trades and trade. My plan, the intention, was never to make back yesterday's losses, but many times you'll be very surprised that if you focus on size down and just trading the best setups and the best plans, you'll be surprised that you are, or i was able to make back. Some of the losses, all the losses actually from yesterday, so i'm up very decently on the day and as you can see, you know focusing both long and short um and focus on the best setups and i'm able to come up ahead despite yesterday's losses.

So if you are somebody who struggles with - let's say you have a green streak of 20 days and you have one red day, followed by multiple red days and losing all the profits from the last 20 days. I think this will be something that would really help you out emotionally and mentally speaking, your size down with a lot lower share sizes, um, so you're able to focus on trading well much better, rather than sizing up after a red day with the intention of making Everything back so markets definitely been very volatile today, but there's still definitely opportunities to go long and short as long as you're patient and wait for your setups and always manage your risk, and i just got ta thank kathy wood here for helping me stay green today. So hopefully, this video helps you guys out. If you have any more questions, feel free to leave them in the comment section below.

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Stay, green, stay, positive and i'll. See you guys next time.