So we have a big week coming up uh, obviously with elections later in the week, and uh market is a little bit choppy today on the monday and that's that's to be expected right market does not like uncertainty and uh. You know nobody knows: what's gon na be the result of this election, i'm not a political person at all. You know i just trade, the price action and trade, the market uh and what it gives me. So, obviously, the big move is gon na happen.

After the elections and there's no way, you know anyone can really predict. What's gon na happen, um, so you know, expect the market to be choppy and kind of slow um going into the next two days or so so today was relatively slow. For me, the only stock i was very interested in trading was neil, so this stock neo remember it's very interesting because on friday you guys remember, i was shorting neo and actually lost on it, and today you know i'm very happy. I lost on the short side on friday and i didn't try to hold it for a swing, because today we opened to a major gap up um to new all-time highs.

Again um, you know so the close was around 30 60s on fridays and we gapped up all the way to no 34 and at the open we spiked to almost 35 dollars. But i didn't short neil at all today. But if you did, congratulations because there's a very nice move from 34 down to 31., so whether you're, long or short, biased, there's always going to be a play in the market for you as long as you're, patient and you're prepared. But for me i was prepared on the long side on neil um.

The idea is that you know i'm gon na buy the dips right. You can see. You know i caught the dip around 30 40s very nice right off the open. We pulled from 34.

All the way down to 33 40s, i went in long sew, the majority into it, and once i saw sell the majority, i have stops if this low doesn't hold. You know if it goes through my entry, i'm going to stop out on the rest of the small size position. I'd rather go back in higher than to keep on adding, adding adding on the weight down, never average down. That's if you average down that's a recipe for disaster, never do that i'd much rather take small losses on the remaining of my shears and then add back in once.

It confirms that okay, we're holding the lows of the days well volume is still very, very strong. We're holding above v web and that's where i went in long again. No i'm very happy about my entries. Um longer here, you know, 33 70 starter and once it keeps on holding up momentum is building volume is building.

You know this is short getting squeezed and also um well still within the first uh 30 minutes of the day right. First 30 minutes is usually where there's a most follow through to the upside or downside. But if you're on the right side like i was positioned for a major squeeze, then that's where you can take advantage of this push um from 33 80's average on this re-entry all the way up there um i sold on the way up. You know i was thinking, maybe we'll get.

You know 35 dollars uh, but unfortunately we didn't, you can see. The high of the day was uh 34, 90s uh and once it starts, you know things like we're. Gon na top out, i got out of even more of my positions, and the idea is that i do wan na. If it sells off, i wan na start adding backing slowly and you can see once i started, adding back it just pulled really hard and actually gave back profit on my secondary entries here.

So i re-added and we added some more um the fact that they didn't hold 34 dollars really concerned me because to me, if i'm looking for a long on neo on the continuation on the way up, it should start holding a trend. It should start holding. You know you know after the squeeze, i want to see it start holding here for consolidation for a potential move to you know 35, potentially 36 37, but just the fact that we got very heavy here and started selling off. That tells me that, okay, there might be a reversal here.

You know, like i caught the long side, i i traded long according to my plan right, but just because i was right early on doesn't mean i'm gon na stay right, the entire day right. This is day trading what day trading momentum here, if momentum shifts to a downside like we actually did, then i don't want to keep on adding dips right then. In that case i have to take a major loss. If i keep on averaging down thinking that oh it has to go back to 35 37, it doesn't have to that's.

This is day trading, so i took losses on the on the re-entries here. So that's unfortunate, but it happens right, um and and when i was in my in the earlier years of my day, trading career a lot of times after i had nailed a big move off the open. And then i re-enter and i start losing a lot of times - i used to get very emotional and start fighting the stock um, then i'll just keep on adding adding adding on the way down. Thinking that, oh, it has to go back up.

I used to do that, so i learned from my mistake. I much rather you know just take the loss. You know it's. Okay, like i give back some profit um.

You know that's unfortunate, but it's okay, like you know, that's part of trading right, so i'm at no regrets whatsoever. You know i did give back profit uh, but i feel like i managed it really well and then i i do have like a re-entry here, but this was a loss over here um, i cut the loss. I re-entered small um. 33 40 um.

For me, this is just a scalp because it really has to you know, go up to 34th and start holding for me to want to go on the go long and continuing for the trend up higher and that's why i started re-adding a little bit didn't work. So i cut it completely tried it again here didn't work and paper cuts here and there. So you know this is how i trade. You know i like to take the big move and when i re-enter you know, i accept the fact that i might be wrong and i take smaller positions.

Um, i'm faster to take off profit even and if i'm wrong, that cut it, you know i never back hold no back. Holding no average down, and especially it's averaging down to a loser. Never do that. That used to be the biggest reason i lose in the past, so that was the trade on neo, the second stock.

I traded. It's a small cap stock a-n-p-c. So this one, you know the float is pretty low at the pre-market it just kind of like spiked and sold off, and it was you know it tried to spike again during the consolidation stage, um around 8 30 to 9 o'clock couldn't hold and just started selling Off so you know, that's why i was thinking you know, i'm just gon na join the trend, locate well or plenty, and it's a low flow 2.2 million share stock. So i didn't have a big position because i kept on thinking they're gon na try to squeeze it to 460 480s, but we just never got the squeeze.

So i only had a very, very small starter position around four tenths starter, nothing, big um and then you know shorted and then you can see we tanked to 380s and then we just kept on you know: dropping lower yeah. I got out majority of it here. 370S, i try to re-add thinking that you know we might actually fill the gap to the downside to um 340s 330s, but you know it just kept down and the volume just kind of faded. So i didn't want to get stuck so i'm out all of it over here after we entry so ampc small winner neo.

You know decent gave back a lot but still green on the day and i'm happy about it. So it's all about trading uh. What the market and what the stock gives you again on days like this, when there's a lot of uncertainty in the market and everything seems to be low volume, you know low range. I just want to protect my capital right, i'm not trying to hit.

You know big, you know, uh p, l targets every single day. I just take what i can get, so i just want to protect my capital and be prepared uh once the elections results come in and then i think that's when we'll get the actual big move up or down, doesn't matter that we're looking for for trading um, But before we get there, you know we're gon na chop in a tight range for a while. So you know, don't don't try to force trades, don't try to squeeze every single cent every single dollar out of the market uh when it's you know when it's clearly uncertain right. Now, okay, we're going to go into qa in a second, but before we do that, you guys saw that it's a new plant here.

Well, it's not really new. It's been in my past videos before, but i'm trying this new strategy called keeping a lot of green plants around my trading computer. So ideally that means, if i had the more green plants i have the greener. My p l should be right either that or i should try this very popular strategy called eating well and sleeping well.

Okay, so first question: is it ever safe to trade a breakout, or should you always wait for confirmation? What confirmation do you look for to trade? A safe breakout for me, generally speaking, i don't buy small cap low, floats breakouts, you know you can see. Sometimes it works. Sometimes it doesn't. The win rate on these low float.

Breakouts is 50 50.. So it's not worth it. So i never trade low floats breakouts. The only breakouts i would buy are the larger cap breakouts.

So stocks like roku tesla, you know neo is a larger cap stock too. Generally speaking, large cap breakouts are the only kind of breakouts i would buy. Obviously, there's other nuances. You know, like volume, catalyst sentiment, short float, blah blah blah, etc.

So you know it's never just one criteria for you in your setup right. It has to be a lot of other things just because it's low flow just because it's a breakout doesn't mean it's a buy. I think that's a very, very cheap strategy. They're they're, you know they're teaching nowadays oh buy the whole dollar breakout and sell for 50 cents.

When you buy a breakout at least whole dollars. You know, sell for 50 cents you're, not aware that the risk is a dollar, so you're, risking a dollar to make 50 cents on a 50 50 setup. That's terrible! Anyways! That's just my opinion on these low float breakouts and i don't buy them second question: shea. My first two weeks of trading, i made 20k congratulations and since then i've only been losing was i lucky for two weeks in a row and how can that happen? So anytime? You use the word luck or lucky when you're trading that means you're gambling.

That means you don't have a setup right, so maybe you really did get lucky for the first two weeks and it really sounds like it. Um and luck is not sustainable, so you have to ask yourself: did you make those profits? You know doesn't matter if it's twenty thousand dollars it could be fifty dollars hundred dollars. Five thousand. Was it pure luck? Well, was it like a repeatable setup that you can do if there's no setup, then, unfortunately, you're gon na slowly lose that 20 grand uh? I'm just being honest here, you know, if you don't have a setup, if you don't have a process, it's not sustainable! Because luck, luck is not a strategy.

Right luck is something that comes and goes. You know you cannot rely on luck if at any time, during trading you're thinking that, oh, maybe i'll get lucky today, maybe the stock will actually break out. No don't do it. If you have to use the word, luck then you're gambling.

So third question is about short locate. Uh question: 3: how do you manage your short locates and fees? Do you find stocks of interest and locate the shorts? Okay? Okay, i usually you know yeah. I do find stocks of interest and just locate partial size. So let's say if your full size is a thousand shares and you saw it thinking.

Okay, this is my goal. This might be a short candidate for your setups. Then then, sometimes i go in and locate you know quarters at a time. Partial sizes also depends on the pricing of the locates.

If it's expensive, then i'm gon na be slower on locating just because it's expensive. If it's cheap, then i might just locate my full size right away. Obviously, when once you locate it, you realize that you know that's just the business cost you know like. Sometimes you won't get to use any of it and there's been days where i'm read from located.

If the market is choppy right and that's just the reality, you have to accept the fact that you know you might not be able to use all the locates that you've bought essentially, okay, guys, if you have more questions for me, feel free to leave them in The comment section below this week is going to be wild after the elections, so just be patient, wait for your setups and until then just you know take what the market gives. You do not force any trade. Thank you guys for watching. If you enjoyed it, please remember to drop a like and subscribe.

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.

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