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We had a major stock selling off on Tuesday with the market volatility. I traded NIO, BB, MRNA stock. MRNA was the big short that I capitalized on. With Merk selling their stake in Moderna vaccine stocks, we saw the stock drop from $170 down to $130.
On Wednesday I lost on shorts on MRNA on the bounce and then NIO, XPEV ev stocks rebounding as well.
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What's up guys, we had a busy two days, so yesterday is where we saw a lot of um the vaccine names of vaccine stocks like mrna and vax selling off drastically on a daily chart. Um, given that you know those stocks were already really extended. If you just look at the mrna daily chart, you know what i'm talking about and it was the same idea with the other chinese electric vehicle stocks. You know the entire sector just kind of tanked all together.

So yesterday i had a pretty decent day. Shorting these stocks um and today you know usually when we see a massive sell-off the day before today, usually we'll pop and not get somewhat follow through to the downside. But unfortunately, today that wasn't the case. You know with ssr, triggered on a lot of these large cap stocks um.

It seems, like everyone just buying the dip like we have, that we had a major sell-off in the morning and after that, the stock just grinding back up. So, unfortunately, today is a bad day. You know giving back some profit. I made um yesterday, but it's all within my wrist control, but it does suck a little bit like after a very good day.

The next day, you know i'm having a small pullback myself um, but let's get into the recap. So mrna was the biggest trade for me yesterday, and this is what i meant earlier by the stock is very extended on the daily. You can see we pretty much went from 90s to 100 and 100 all the way to 150 on monday and tuesday. Yesterday, it gapped up all the way to 180s pre-market.

You know i was more short biased on the stock. Given how extended we are, we had a major gap up overnight as well. You know, and i started shorting around the spikes. You know i wasn't in on this major top of the day.

Uh. 176. 178. I started scaling in short um if you were looking at how it was trading.

It just keeps on trying to trying to spike above to 175 174s, but keeps on failing, and that's where i was trying to be patient with a stock. Um you've seen me getting chopped up by mrna before, but the price action on this particular day was very, very telling, and that's why i was more convicted to stay in short and keep in a short position. I just covered around the core position you can see here. You know i didn't even re-short it here.

Re-Shorted here covered some just in case. Um just need to make sure it's a comfortable share sizes, i'm holding short um because it doesn't matter. You know how great your setup is: there's still a chance of it being wrong right. Nothing is 100 in day trading, um, so i'm covering around the core, but i'm not afraid to add back in shorts.

You can see. I showed it somewhere here somewhere here. This is where i covered some just in case: okay, i'm holding a nice average at this point around 170s 170s with a nice shared size, i'm comfortable with. If it does spike and hold uh 174s, i have to cover for a loss, but if my thesis is correct, if it does roll over i'm gon na get you know, 10 20 points moved to the downside which we got uh.
The first major sell-off was down to 162. That's where i covered a bunch right. That's a that's! A 10 point drop. I want to make sure i'm covering some and then no, i covered some more on the secondary 164s and now i was oh out at 158..

That's from 170 to 158, that's that's a very, very nice profit, and then you know it bounced a little bit. I sculpted a little bit thinking: okay, we're probably going to consolidate around 160s. You know, and then you know we might shop around. I didn't know we're gon na get this kind of move um on the same day on the first red day, usually a lot of times we'll chop around the lows, and we get this kind of follow through to the downside on the second day.

But you know news did come out today, which is the day after this major sell-off that you know somebody sold a huge stake in mrna and that's where okay, everything starts to make sense right yesterday, uh this thing just literally couldn't bounce that high it had a Nice bounce from 154 to 164s and then just sold off the entire day down to 134 um even lower 130s. At the end of the day, i sculpted a little bit um, but i didn't want like too short and chase the weakness on the way down um. So i definitely did leave a lot on the table, but i'm still very happy about this very happy about my patients. You can see if you zoom me on the charts.

You know this is pretty much a short from 170s down to 163s and then my lowest cover was 159 um. So to me you know, yeah. I did leave a lot on the table, but i'm still very happy and i feel like i took the meat of the move um. No, this.

I didn't see this happening. I honestly didn't, but it did stay really weak and funny enough, because today is the day. I lost money on mrna, so mrna was my main focus yesterday, but i do still trade um, some smaller stocks. On the side.

I never got a big size on the you know. I was short a little bit and then i longed it here. I never got a big size, at least just because i was focused on mrna um, so this one, you know i had a short i cut. It lost early on, took a loss and i reshored it back down around eight dollars down to sorry 820 he's down to eight dollars, and i tanked all the way to 740s.

You know would have been nice to hold the short, but i didn't um, and this way we got a very nice long off the consolidation levels around 760s up to eight dollars. You know i should have sold more uh, but i got stopped out on the rest. Um and then it actually just went all the way to nine dollars and nine sixties, so can't can't catch them all in the stock market um but um, and then it sold off all the way back down. So ah, very small trade.

For me on the short side and side on blackberry, so yesterday my main focus was on that mrna shorts. We just talked about, and then i did do pretty well on it. I'm really happy about it, and today you can see. I was looking for follow follow-through to the downside.
If you look at yesterday, you know we sold off down to 130s. At the low of the day, we had a small gap up to pre-market about 150s and then we sold off with the entire market off the open down to 130s. Ssr was already triggered yesterday and then so my thesis was that i'm gon na short the major bounces um. You know i was thinking you know we might get a bounce to 141 142s and then this thing just kept on going so so this is where you know.

Sometimes you have to be careful what you wish for, because i was thinking. Okay, i'm gon na get a bounce to 140, so i'm going to short it back down and when i say a bounce actually did bounce and it bounced a lot further than i thought it would so. Um overall knit red on mrna short today. But let's go over this, i did try the short early on small size, nothing, big um.

This is where i started scaling in. I did short mrna three separate times today. The first time was a small scalp, nothing big small profit. This is where i've made the first loss here.

You know thinking okay they're going to reject previously close, they didn't they held it um and squeezed, and i got stopped out here. So that's the first loss on mrna today and then i try to again scalding around here thinking: okay, like if you look at this candle, this looks like a fake out right. It looks like a false breakout spike to 155 and immediately reject it back down to 143s. So that's why i went back again, smaller size, this time around um.

That's where that's, why i'm comfortable cutting it right away when it's not right right here around the high of the day at the time, the wick area, i'm out second time for a second loss um. So it's not fun. So i'm overall knit red from the day from the sticker. Now.

The third time is the time where it actually works um. So i scaled in short around here 149s re-added, some more covered, some just to make sure i'm on the right thesis this time around, because technically this is the third time i'm shorting the stock um, and then i re-added here thinking that okay, you know, that's that You know level level didn't hold uh we're actually trending down. I re-added added more covered some re-added, some more final size and covered everything here and then very good cover too, because after this third shorts, i just grind it back up and then squeezed out more shorts. Um to the 148s area, so um, the third trade did work.

I made back some losses from the previous shorts, but still read on the sticker, unfortunately gave back some profits from yesterday. So that's the first loss on the day. The second loss is xpev. So this one, you know the same very similar thesis as i had on mrna and that's why you know.

I showed that this this line is a smaller loss in general um. You can see basically the same idea, thinking that okay, we're going to reject previously closed, didn't work um, i stopped off starter and then i stopped out again here and then this one. No, that didn't work, but i'm still knit red i'm expect so. The third trade on the day was a long and then a short um.
I did think that the massive sell-off on neo was gon na get bought back up um. I longed it around this area. 39. Tens.

You know i started in very early, but i had a very nice average after this ad about 39 50s and then once it started to bounce it just bounced to 40 dollars, i sold all of it. You know thinking that. Okay, i want to make sure it's not gon na just keep on trending up and it did here. That's why i went long again and i sold into 42.

This uh the neo long was the only green trade on the day and then i went in shorts. Neo thinking the same thing as expeve um, shortly around 43, 60s re-added and then after this level reclaims i was like okay like they are not gon na. Let this thing back down and i covered everything here and then you can see just like expeve and mrna. This thing just kept on grinding up and actually held red, uh, sorry green on the day, and it's going up higher.

It seems like the similar action across the board. We have some massive sell-off at the open and then we just kept on kept on going up and um. No definitely a lot of people got squeezed today, um, i'm one of them, but um, i'm still, okay, just because i manage my losses, even though it sucks to you know kind of have a red day after a very nice green day, the day before um, i Just want to live to trade another day right. That's that's how i kind of stay afloat in this game.

It's all about risk management. Usually these would be the days where we can get some nice follow-through to the downside. Um. You wait for the bounce on a second red day and then you see a nice um continuation selling off, but that's just not the case today and uh.

You know i was wrong on my thesis uh. I just have to accept it and and manage my risk, and i don't want to give back all the profits i made yesterday. So it's time for some q, a so luca is asking uh here's a question when you realize that your initial trading plan failed. For example, pltr and mrna: what are the main reasons for you to go long? Do you give yourself any time to reflect rebuild? Do you think a failed short entry resulting a successful entry for going long? So this is a very good question and i think i think there's no black and white answer to this.

Whether sometimes the shorts that fail does result in a in a in a flip right and going long um. But i think i think that's depending on the setup right depending on where it failed and where it held back up. So let me just take a step back, so i think you know a trader who knows their setups really well is also one who knows that when the setup is not working, you have to know when no, that that's how i traded my setups today right when I realized that okay, this setup is wrong. My thesis is wrong.
You also want to know when to get out it's just as important to know when you are right as it is to know when you have to give up and stop out. I think that's very important, because no one single strategy is going to be 100 successful all the time you have to know when the setup is not looking right when the stock is not acting according to your plan and you have to get out and respect your Losses, i think that's very important and that's what makes a trader a professional trader and one that's consistent. You have to know when to you know when to take losses, it's just as important as knowing how to make money. You have to know how to take losses.

So for the example that you know luca is referring to, i didn't flip low on pltr. I just recognized that you know it was. You know holding too well, it's not selling off, but you have to see whether it's a long setup right. If you are short, failed, it doesn't automatically make it long.

You have to assess it from the eyes of a loan trader at that point and whether that's your loan setup at the time pltr wasn't a loan setup and i didn't flip loan, but for mrna this stock. I know pretty well most of the time not today uh this stock. I know that uh when it when it should have failed but keeps on you know getting propped back up, especially above on the day he's mentioning about pre-market highs. Usually, that's a loan setup for me because mrna, you know it's a stock that reacts very very drastically to the pre-market high level and the high of the day levels um.

So that's the day i actually flipped long, but if we're talking about today how i traded, i didn't see a long setup in the mrna. I only see a short set up, so that's why i never flip long. So i think it's very important. It's not that! Oh, you know if my loan fail, then you're short, it's dependent on your setups so but i think it's very important to first know when to stop out and whether on your long and short and then work on potentially flipping the other way around later on.

But you have to know when to stop up. First, that's the most important part in trading. I think it's about managing your risk and knowing when to accept a loss, because sometimes you just got ta, take the loss and you cannot just keep on holding on to a loser all the way to the top. That's that's the the surest way to blow up um.

So second question is: from ned b got a question: what are your views on options trading? I only do day trade and swing trade at a time, but i'm looking into the other. So i'm a firm believer that if you don't know how to trade stocks profitably, then you shouldn't trade options because options you have to take into consideration, not just the price action in the trend, but also the premiums, and so it exaggerates both your profits and losses. Yes, i've seen people make. You know five hundred percent, a thousand percent on the options trades, but i've also seen people lose 50 or all of their options contracts.
So i think, if you know how to trade stocks, then options will be a good way for you to kind of. You know, expand and leverage more of your buying power, but a lot of new traders when they don't know how to trade stocks. They move on to options, thinking that oh, i can take a hundred dollars into ten thousand dollars, really quick. That's actually the quickest way people blow up their accounts and i'm saying that because some of my biggest losses from my earlier years of trading uh in my first year or two were from options, contracts expiring worthless.

I already didn't know what i was doing trading these stocks, so let alone trying to figure out what all the greeks mean. So you know i think so that's just my thoughts on it on options trading. I think you can make money on it, but you definitely want to learn how to trade stocks first, if you guys have any more questions, feel free to leave them in the comment section below. Thank you guys for watching and i'll see you guys next time.

Hey guys, thanks for watching, i hope you enjoyed the video and the bad jokes if you want to see more day trading content, make sure to subscribe and follow me on twitter and instagram for more. If you'd like to trade with me daily and get my free weekend, watch list and trading journal make sure to check out the links below for more resources. Stay, green, stay, positive and i'll. See you guys next time,.


By Stock Chat

where the coffee is hot and so is the chat

26 thoughts on “Stocks sell off and short squeeze- ev stocks, mrna, nio, bb, xpev trading recap”
  1. Avataaar/Circle Created with python_avatars ike ronnie says:

    i want to apologize for a recent post,my numbers were way off, and Humbled trader i believe knows what she doing and controls her moves

  2. Avataaar/Circle Created with python_avatars Darwin Smoe says:

    🧨🧨🧨 NIO can't comply, under CHINA LAW WILL NOT ALLOW CHINA companies to COMPLY. Look at ALL China companies, they all say Unaudited report on all earnings because of their stupid law. Most China stocks will continue to fall.

  3. Avataaar/Circle Created with python_avatars Tbay007 says:

    Great channel. Just found it and started watching a lot of your videos. So… I have a pretty large individual account, but it is only invested in Index ETFs. My plan is to use a smaller subset account of 5,000 on experimenting. I am probably going to start with paper trading with webull first since they have that option. My thoughts though, couldn't you put in limits instead of actively looking at charts? anyways, the @Humbled Trader is very awesome. You do show your plans and I am impressed.

  4. Avataaar/Circle Created with python_avatars bruce allen says:

    how do you mark you charts with the red and green triangles indicating your long and short entries … thanks

  5. Avataaar/Circle Created with python_avatars Barry Richards says:

    Haven't got the slightest clue what you're on about but I watch anyway.

  6. Avataaar/Circle Created with python_avatars Joao Marcos says:

    I only subscribed because I like hear hear shay talking about stock ☺️. Am not interested in day trading 😝😂

  7. Avataaar/Circle Created with python_avatars mctsun says:

    Has anyone bothered to ask her for her year to date performance? If she mentioned it before please let me know. Bunch of Bs… If day trading worked there'd be no poor ppl. For entertainment not bad. But come on….

  8. Avataaar/Circle Created with python_avatars GIOLET23 says:

    thanks for the video love the humor you put into it.
    what trading platform do you use/recommend for day trading?

  9. Avataaar/Circle Created with python_avatars Wim Van Hoof says:

    Love watching your videos HT! I do have a question I didn't find the answer for in one of your videos: how do you decide when to take (some) profit? Do you use a certain reward to risk ratio or do you make a decision based on price action? I am struggling finding the right balance between letting my profits run and not being too greedy. Maybe you can give us some advice on this topic?

  10. Avataaar/Circle Created with python_avatars Ivan vladislav says:

    I've understood a simple life rule.
    "To get rich in life, you need to spend 90%, invest 10% and sit to make more wealth. I've kept to this rule since January and now I could boast of having a hundred thousand USD in trading account.💯

  11. Avataaar/Circle Created with python_avatars Hola! Lelouch D Dragneel says:

    Can you make a video where you explain how you learned the knowledge, strategies and more things about traiding?

  12. Avataaar/Circle Created with python_avatars THIS IS YOUR TRANSMISSION says:

    Now tomorrow morning at 9:30am, I will be sitting under some volatile stock with a put option waiting for the pull back, and then I'm ouutt☺

  13. Avataaar/Circle Created with python_avatars THIS IS YOUR TRANSMISSION says:

    A lot of times, I'm in and out in 15 minutes. Then I finish rebuilding transmissions.

  14. Avataaar/Circle Created with python_avatars THIS IS YOUR TRANSMISSION says:

    I did good on mnra. I trade options. Straddles and strangles are good for these volatile stocks.

  15. Avataaar/Circle Created with python_avatars Mangekyou Sharingan says:

    Hey, I admire your work! I've already lost over $5,000, I've been learning since February 2020, but I'm not giving up.

  16. Avataaar/Circle Created with python_avatars marcus crawford says:

    Hey Shay, love your work, keep up the great content. Can you please address this in your next q and a…. what is the ssr rule exactly and how can i tell if a stocks going to ssr?

  17. Avataaar/Circle Created with python_avatars Hola! K Deronimo says:

    Shucks hottie. youre gonna have to move on to oil equities. $RECAF

  18. Avataaar/Circle Created with python_avatars Donny Farmer says:

    Great videos! Question why don't you add the watermark feature to your charts so it's easy for someone (ok mostly me) to know what stock you are talking about without having to stop and start the video and look at the small print symbol at the top of the chart?

  19. Avataaar/Circle Created with python_avatars Fk China-youtube Socialism/communism says:

    I hope you really understand the importance of HT narrating her trades. This is priceless information. A traders thoughts is great for comparison.

  20. Avataaar/Circle Created with python_avatars susy may says:

    Hi Shay,

    Do you have different thoughts and methods when you trade NYSE as opposed to NASDAQ?

    Thank you

  21. Avataaar/Circle Created with python_avatars OmiOneKenobi says:

    +$325 NSCO haven't learned how to short stocks yet…the way this momentum is I better learn!

  22. Avataaar/Circle Created with python_avatars Donald D says:

    Thank you for your honesty and transparency. Trading is hard. Everyone tries to hide their mistakes and failures and that's why it's hard to trust most traders who have a Youtube channel. Just be genuine so that we see all sides of trading. Keep it up and you'll be back to profiting again!

  23. Avataaar/Circle Created with python_avatars Cheetah PSG says:

    Couldn't agree more. Most of the money (nearly all) of the money I've lost in the market has been on Futures and Options. Got a bit lucky and above break even on penny stocks with covid market recovery. Really like leverage with options, but wouldn't recommend them to anyone starting out until they have a basic understanding of price action first. I spent so much time on learning how options work that I take little time with them now and focus 70% of my time on the underlying stock and ETF price action. You can never fully ignore the time value and rate of change in options, and if you get caught on the wrong side of a few trades you can lose money ever so quickly. . . I basically trade options now like stocks since I have a WAY better understanding of chart patterns and supply/ demand trading now than when I first started in Spring this year. Having to keep the "other factors" with options in mind is a double edged sword. With options, I can leverage a smaller cash account, have fixed maximum loss, and the ability to "short" a stock w/o margin by buying calls and puts vs. the potential for losing 25% or more of my premium on nearly every trade I take. Learning the difference between giving the option trade room to breathe and cutting my losses quick enough to fight on another day! The only two things (maybe three) that move the market are price, volume (and politics/ news) anyway no matter what you are trading.

  24. Avataaar/Circle Created with python_avatars Seek3n says:

    Nothing is 100%. Nothing! Not even with hitting the like button.

  25. Avataaar/Circle Created with python_avatars KMartha22 says:

    I was lucky to sell my mrna on monday when it was at 152!

  26. Avataaar/Circle Created with python_avatars lastninjaitachi says:

    You should look into some of the shroom stalks. Ive been making some nice dailey profit off of Mmed and numi. Lots volatility right now in the sector.

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