Doesn't matter how much i ended up, making or losing the point is how i traded was so bad in my opinion, that it is in no way how anyone should personally trade, in my opinion, um, and if you do it, you're putting yourself at an immense risk Which i certainly did today like i said i got out of it green. I dodged a bullet, but you know, i think a lot of people would hear that and be like. Okay kyle, it's fine like okay. You know it's! Okay, you turned out green.

That's our the goal. This game is to make money and you did that so no big deal and it's like no uh, that's not how i got here um. I didn't make 2.7 million trading this way. What is up guys welcome back to twist um today is going to be different uh, as you can see, jack or mario is not here, uh, no special guest, it's just me, and, and that's because today was a very emotionally draining energy draining day um.

I know just putting myself in jack mari and back him around his shoes um. You know they left it all on the table. Today, uh they are m.i.a, i'm sure they're, taking a break they're stepping away they certainly stepped away after the morning. I'm sure they never came back to the market um.

I stayed the entire day. I did not necessarily drain myself too hard, although today was a lot took a lot of energy um and i tweeted about it. I just said today was a really really poor. You know embarrassing trading day um and i'm gon na go into detail like i'm gon na be honest, i'm gon na be transparent here, we're gon na talk about it, um so we'll get into it.

We'll go into detail about my trades specifically today. I'm filming this on tuesday on november 2nd. I just did my monthly recap yesterday, so it's kind of kind of it's kind of gon na or it's going to kind of be a mini version of that, but just today um i it's really. I think it just needs to be really gone over, because you know we've never done a twist episode where i'm just rambling to myself.

We always have either a guest or other hosts, but i think it's important today that i go over this and we we really dive in deep just so. You can learn from my mistakes. Um and i can review my mistakes and hopefully you can get better and i can get better. I know i need to get better after today, because um today was unacceptable.

So, let's jump in before i jump into the charts. Let me just talk about what happened, so it's such a great lesson, because this is one of those things where i ended up green on a trade. I ended up green actually on all my trains today i had. I was five for five today on trades um, but one inc specifically was so bad, and so i broke so many rules that it doesn't matter how much i was up or down like it doesn't matter, not sorry, i don't say that it doesn't matter how much I ended up making or losing.

The point is how i traded was so bad in my opinion, that it is in no way how anyone should personally trade, in my opinion, um, and if you do it, you're putting yourself at an immense risk, which i certainly did today um like i said i Got out of it green, i dodged a bullet, but you know, i think a lot of people would hear that and be like. Okay kyle, it's fine like okay. You know it's! Okay, you turned out green, that's our the goal! This game is to make money and you did that so no big deal and it's like no uh, that's not how i got here. I didn't make 2.7 million trading this way trading recklessly um, avoiding losses, not learning how to take losses.

I know to do that. I've been doing that my entire career - that's what's kept me safe. That's what's got me to this point today. I did not do that and i got away with it um and we'll talk about why i got away with it and how it's something that you know.

It's it's easier for people with bigger accounts to get away with um. So in a way it's like i've kind of it makes sense how i got to this point um. But if i ever did this when i was starting off trading in the beginning um, i wouldn't be here so, and you know most people are watching. This are probably newer, or at least not or haven't, made 2.7 million um or haven't been trading for five six years like i have so i really want this lesson to be kind of drilled in history, on the interwebs of youtube, um that like, if you, if You do what i did today as a starting beginning trader, say goodbye to any future career.

You have and and even me, being five or six years in like if i was any more aggressive um today i mean it could have been very, very bad and i know a lot of traders who who got crushed today, um. So, let's you know, i haven't really even thought about talked about the taker, so let's jump into the charts um, let's just start analyzing them from there so share my screen here um. So the monster of the mall was car uh car, which is um avis budget group, which is, i believe, a rental car company um avis. Now, let's go to the backstory.

Let me actually pull up tesla, so tesla has been on a huge run, uh because them and hertz have a deal or, i guess, hurts ordered, i believe what 40 50 000. Maybe i heard a hundred thousands, so whatever the number was a large sum of tesla electric vehicles, um that hurts ordered to like put on their fleet to put on like electric car as an option for a rental car. Okay, so tesla ran from you, know, 880s and all the way up to 1200. As of yesterday, i tapped that today um and we had a red day.

We actually did sell off today. Um, but clearly the theme is right. Like electric cars and rental car companies seems to be a new thing, i it seems pretty self-explanatory, like duh. This is supposed.

This should have been happening a long time ago, um, but whatever the case may be, and now it's finally becoming a thing um. So out came news that avis, who was again another car rental company, came out and said we're going to add tesla's to our fleet or we're going to add electric vehicles. Okay, so they start squeezing i mean massively, i mean if we go to the daily chart. I mean look at look how look at their what their normal price section is like very fluid, very stable, not too not too volatile, um small range days at best um.

It can get overextended like it is kind of like it was up kind of this grind, but certainly not any big green days. No super major big volatility um, but today it just exploded. Right we volume is massive volume. We go from 170 to a high of like 550 okay, so we kind of created this little like mini sector of car rental companies that potentially are adding electric vehicles to their cars or to their fleet.

I should say um and this big huge move started htz to follow. I mean htz was right on the day and all of a sudden we had this huge squeeze from low day to high day. In a matter of i mean what is this like 30 minutes? So almost like a full second momentum to play out in a matter of about an hour um, and so i see i see car running right and i see a parabolic short happening right. If we, if you watch my my most recent trading monthly recap, i talked about fun.

I talked about dwack, i talked about mistakes there and how i handled it um and it was still a setup i wanted to trade. So car is is setting up like it's doing the same thing: okay, it's halting up, it's getting overextended uh, and so i looked at short, i start shorting a little bit in the in the mid to low 30 or 300. So, like 340s. I then add one more time before it halts down um in the 350s, so i end up having like a three a 340 average or so it halts down it reopens.

I cover about a fourth of my position, lock in some money and then it bounces and normally again the normal framework is like after once, it's parabolic once it's the parabolic died, there's usually a balance, then a fade off um and the most key important rule to Follow is once you know once you once that parabolic is set like i said this is an opposite did buy so once you dip by a stock that new low that that panic did by a set. That's your risk same thing with parabolic when it goes parabolic and that new high is set after a halt down. That's your risk, like you have to you, have to respect that or otherwise i mean we're going to go over. This is what happens um so cover to fourth right out.

The open was waiting to cover the rest sub 300. I really thought we can. We could break down a test view up back in the 270s 280s. We don't do that.

Okay, um! We keep going, the bounce comes right back to highs. We dip a little bit on okay, great, that was the bounce um. I didn't add. I just thought: okay, we're going to keep fading.

We hold up, we keep holding up. We can pull him, i'm also boom. We're out new highs - and i just i just freeze - i just say this - this overwhelming, like clamp on me just said: you're not cutting, and i didn't. I didn't um so broke the biggest rule in the book.

Um not cutting your losses, especially when i had a risk um set, then that's. How always that's always. That's always how you're gon na keep yourself as safe as possible with parabolic shorts um, and i didn't right so it keeps going, keeps going, keeps going we're going. We're over 400 we're up over 450 we're up over 500, and at this point again, if you i would highly recommend you go look watch our last twist because i talked about fun or watch it in my monthly recap, because i go over the scenarios of okay.

You know if you miss time a parabolic short. Obviously the number one scenario again is to time it correctly. If you time it correctly more times than not you're going to be in a very great position and a parabolic shot will be a very profitable setup for, if you're, if you're a good short seller. The second scenario is, if you time it poorly, how much dollar size do you have in the stock in proportion to your account so that, if you worse comes to worst, if you do get stubborn, if you do actually start in early, if you don't have it, If you haven't timed it well, you know how much damage or or pain can your account take before you actually take a loss? That's not recoverable right, um, and so thankfully again, this is why you know in many ways i i i dodged the bullet today right because it this even even though i didn't cut, even though i let this thing go way too far against me, which still even Just hopefully, you hear my voice, i'm just like it's just sickening that i let let's get to this point um, but i got away with it because again, the dollar position of my total account was small enough to ride through this kind of a squeeze.

Now does that justify me not cutting absolutely not absolutely not there there. This, i am going to probably think about this for the rest of the day. Um, i'm gon na probably take a chill pill, the rest of the week, um size down and make sure i'm back to cutting losses, because i i just i don't think i've been to stubborn in a very long time um. So anyway, i got away with it.

I dodged the bullet because again my position side was small enough and because i actually covered some into like that. Fourth down here that saved me. If i didn't cover any - and i had my full position still and didn't cut it, i would have been in a lot of trouble. Okay, um, so once we're going over 500 at this point you know i'm i yes, i'm worried.

Yes, i'm scared. Yes, i don't feel good about it, although at the same time it's also another parabolic short setting up, so i think most traders would either a b b if there, if you were a discipline trader, you cut it, you cut it and you said i take a Loss: okay, i'll give it a second try. The second parabolic um, i think the worst case scenario would be, would would be not to cut it and then just keep adding it adding and adding adding and adding. Because that's i mean that's our super disaster.

This could have gone to 600 um 700, who knows, and so when it got up to 550 and was halted up here. I thought long and hard about my position about my dollar size. Just read and thinking about the entire scenario playing out um, again dollar size portion of my account, the fact that i covered a fourth down in the low 300s. I did the math of the percentage of my account.

I said: okay, i can afford 50 000 more dollars right of my account to add to this position, but after that is done, it is out and whatever new top is, i have to cut it. No, if ands or buts um, it has to be done right. Then and there so the two scenarios right. The first scenario is timing oil.

I timed it pretty well on the first parabolic right, i, like i said i i was i'm shorting in like the 340s 350s covered, a fourth into the into the low third 300s um. Unfortunately, again because i didn't cut it now, all of a sudden, the first scenario again for this second parabolic is completely out the door. Again, i put myself in the position that is not ideal, and, although yes, it is, it is still somewhat a form of a you know not as risky as if i just kept, adding and adding and adding and adding, adding and not like realizing where my account's At how much can it take if this and that um it's still not okay, it's still not the scenario i want to be in, and, unfortunately i'm in again. Okay, so, like i said i had, i realized i had 50 000 more dollars to add to this position um to be at my max amount per of my account where i could feel safe and riding through any kind of any type of squeeze, and so i Did that, but i i also knew now that this was the second part i'll pair it all like this ad.

This last and final fifty thousand share at if not fifty thousand years, fifty thousand dollar ad had to be the top, and if it wasn't, i had to start sound downsizing right like it's. I i don't want to. I can't keep telling myself that um. You know i'll just add one more time or i'll just put reach my dollar position on my account and then not time it well right.

I've already made too many. I made the mistake with fun. I just made a mistake with car, not cutting it like. I can't keep just relying on that second scenario to justify why i should keep holding right um.

So i said to myself once i add these last 50 000 worth of system size. This has to be it like. I cannot let myself go and back into the second scenario and just keep thinking it's okay, because the reality is it's not um. So i stayed patient.

I stayed very patient and i pretty much ended up getting near the top like a 5 40 average or not 540 hours, 540 ad um again it was like i mean it was literally like uh about 100 shares because that's about 50 000 right there - and i Was done and then it halted down right so now at this point, if it breaks over 550, i'm like i have to cut it. I have to be out. There is no effort and there but um at this point. It's already, it already would have been my new biggest loss.

Had i cut it, had i cut it or had i if i had to cut it over 550 um, and i and i you know, as you can see it panicked, it started panicking start holding down. Um and luckily, because from just from prior experience, seeing how choppy it was about parabolic on the way up, i had a feeling on the way back down. It was also going to be very choppy which it was um, so i was actually pretty patient with it. Um ended up covering it all in this little sideways action round view out thinking it was going to start holding view up and potentially bounce um.

Obviously it didn't do that, but being down what was a new biggest loss, um unrealized turned into a three thousand dollar gain so again from from maybe an inexperienced or newbie trader. That might think you know kyle, that's great, you avoided loss and you and you made money and it's like. No. That is just such the wrong way to think about it.

Um. Yes, i turned green, which is better than losing, of course, in terms of numerically yeah, but the the risk award, the the following, the rules, the the process and the safe trading. That's gotten me here is not this at all like no events or buts. This is just so um unacceptable and you know going forward.

It's like i have i have to even though yes, like i said this second scenario keeps me somewhat safe in the sense that i can write out a parabolic. If i miss time it, it should be. The last case scenario, and if i am in that scenario, i need to either be cutting, i just shouldn't i shouldn't - have to or want to put myself in that scenario. That is like the last scenario that is like the last place.

I want to be not the place that i'm i should be feeling comfortable being solely because it makes me feel quote unquote like safe, that i'm not gon na actually take a loss right um, and so yes, i dodged a bullet. Yes, i turned up green, but reflecting on this trade - and you know in my training journal that i have like i - i i'll write every rule in the book that i broke um and what i need to do to fix, that um and and again - and i Mean it's silly that i have to say this, but it's just something that we all need to remember and that everyone's human and sometimes you break the rules of like you - have to cut losses. You have to right, like if i had just cut it at this new high. I could have given it a whole another shot and retimed it even better.

And because because this timing was was was okay, but i only covered a fourth, because it didn't break down low enough this time it broke down plenty. It broke down from 550 to 300, like almost 250 points. A share like this would have been the time to much better time it um and get a much bigger, remove out of it and not have to recut it when i'm in a new high versus the first parabolic. So you know going in hindsight like cutting.

It is always always always the better option, um, because in this situation, where it goes against, it goes even higher. You get yourself a better chance. Um, you don't risk ruin your risk. Reward of the trade is way better off than have you just stubbornly held and hold um like i did and so um.

I just hope you guys learned something from that and so to get in so to then to get kind of a better picture of how my day ended up going total in a total view, so i actually ended up the day making 30 grand right. So you might think like damn like that. I mean to me i'm like damn kyle you're a lucky bastard today, like you really are because it could have been so much the other direction um, and i think the best thing i could have done was not let this trade affect me and so much in A way and and really just hunker down um on the other, plays, like literally like okay made a mistake, but don't let that the last thing you want to do is let one poorly managed trade influence. Other poorly managed trade.

That's how revenge trading starts. I mean that's how fomo starts um and luckily that's something i've gotten really down to a really good science um just from a mental standpoint um, because i rarely do that ever ever so in terms of other plays as to how i got to 30 grand because, Yes, okay, so i technically made 3k off this play. Risk awards, like i said, was terrible um, but where did i make the other 27 grand right like what the heck um? So the other one was htz right. Htz, like i said, was a sympathy with car because they're both rental companies who are putting electric vehicles into their into their um fleet of rental cars when car was going parallel, the first time and started halting down that's when hertz was going parabolic and started also Turning now, the advantage here with hertz is that hertz is still an otc stock, so there's no halts um.

There's no, like i said volatility house, the stock doesn't stay halted for five minutes. The stock has to keep trading on the otc market. So when you know car halted down when this huge weakness kind of hit it, you know htc, there was no point in return right. The selling started um and once that starts, like i said, there's no halts.

So the tidal wave of selling came in um so that when that happened again and like i timed it well on the first parabolic, i timed it well on htc as well. So i short, i ended up getting short like a 45 average um didn't feel full size. I actually can't i'm canceling my orders um. Just because i kind of got fake out.

I almost thought it was going to keep being choppy kind of like how car was for a bit for a second on a few of these halts um. But i felt a little bit more than half size and, as you can see like the title would have selling it was already there. It was coming, it was too late. Um ended up covering it on the first turn, where you see this green candle at 39.

Ish, so i pretty much took it from 45 to 39 made about 15 grand on this trade. Yes, did it pull down more um, but again, i'm just happy to take it. I did not want to keep holding and have it bounce um. I tried restoring this bounce here at just over 40.

I missed uh, so i never touched htz again and this parabolic was just the easiest. I won't say easiest, but the most simple, efficient energy-wise play that made me half my day-to-day okay. So that was much better. Much much better um second play later in the afternoon was ocgn.

Ocgn has been running up the last few days. I believe they have some kind of approval or news on whether they're i don't know if it's a vaccine or it's something some kind of drug or vaccine that they have is looking to have an event or news release tomorrow, and i think it's approved. I don't know the exact specifics. The point is it's kind of like a run up into the new scenario and potentially sell the new scenario so uh i was actually look.

I didn't really even think about shorting. Today i thought i was going to short it. The to like tomorrow, the next day uh, but when it started just panicking right when it had this massive massive pull, you know i missed it because i just didn't think it was going to just still collapse like this. But, however, once it collapsed, i pretty much was confident now like okay.

This is backside like this is there's it's incredibly difficult for a stock ladies to recover, at least in a short period of time. So once this balance back into the mid force, i was like yep we're gon na we're gon na short this there's now all this like support now: resistance in the mid fours um plenty of resistance in 15 area and the mid-15. So i thought, even if it got to v lap, i would still be my thesis would still be intact and i actually might even look to add and risk kind of above view and more in, like the mid 15 area, so immediately started shorting once it kind Of started topping out and you know, 1450 looked like to be the top. I added a little bit more.

I panicked down here i covered about a fourth of my position, bounced one more time held red and then this new flush to a new low day. I covered the rest and i made a little bit over 10 grand there um never touched it the rest of the day. I had a feeling after you know, after two harsh panics, like this um, it's pretty tough for a stock to just keep on bleeding um. So when it bounced into this for the rest of the day, i really didn't care to reshort it um, and then i don't know if i exactly know what happens late day, but um people are anticipating the news.

Maybe again, people like want to potentially gamble overnight or or interpret market when the news gets released um, so it squeezed right back so and that's kind of what i meant. I said by like, after such a hard crack like this um, it's gon na be very hard for a stock to come back in a short period of time, meaning it wasn't gon na do it in the next hour or so, but late day i mean this Is kind of why i stopped shorting it here, because i just thought to myself like the easy money, the predictable money that i recognize and know was this bounce short and this cover into new low a day. It's not shorting into this like secondary or third or third or third bounce and then getting squeezed and not knowing why it's squeezing back and then just right, potentially getting stubborn like i was on car um. So all that so i wanted to just take where the easy money and predictable money was.

I did that so now between atz and ocgn, i'm up like uh, maybe a little over 26k or so um tesla. Here i did take a small short on tesla um. Just because you know is it a mega cap, i mean over a trillion dollar market cap. Yes, um, am i actually bearish on tesla? No, like i have a car, i have a car from them like, hopefully we'll get at some point here, um, but just from a basic technical standpoint.

I did think it was gon na have a red day and that's why i did short um. I ended up getting like a 1186 average, not the best average. I really would have liked to get it higher up in the 1200 area. Um, but just didn't didn't manage it.

The best managed it pretty. Well, because i you know my risk was really really. I think the right risk level uh, which is essentially i picked it like yesterday's highs, which was like 12 10. um, so i did get close to getting stopped out.

As i was shorting into this bike. You know it did almost stop me out, but i stayed in it covered a little bit into this panic covered a little bit more into this fade. Um. Try to hold it all day, long to see if we can potentially fade to new lows um, but once we spiked up here, i just covered on this dip.

Thinking like clearly, you know again, this is a large. This is not my. This is a very big big boy stock, not one. I typically like to be aggressive or super patient on so um covered.

It ended up covering it all on this dip ended up making another 3 or 4k there. So that's how i got to 30k. In the day um, but hopefully you can just see that lesson from good trading, good, safe trading on all three of these, with risk management, with a risk in mind um with the willingness to cut it not wasn't necessarily oversized like and - and i think that's less Than two like, if and that's why, i want to tell myself and i'm going to size down for the rest of the week, because one of us, i think the side effects and potentially, why i didn't want to cut car was because, when you kind of size Up it a bit and then you're right and you end your then you're, faced with cutting that loss and it's a bigger loss than you're used to there's like a new there's, almost a new level of discipline and a new level of emotional um control that you Need right, you need to be able to cut a new loss. Add a new biggest like number or a new arch is a bigger number than you used to and with car i wasn't.

I wasn't willing to accept that, and all these i was i were. I was okay um, so hopefully that makes sense and then, in terms of like again risk reward wise per play. I mean all these other plays were so much better in terms of efficiency. Energy.

These plays are what put me through up 30 grand today right. This play almost caused me to my new biggest loss and it's my fault. It's not the play, i'm not saying like it's the place fault. It was 100, my fault and, in fact, to play play vice versa.

Of the again of this whole risk-reward lesson i want to get across is that, like i said, if i had cut it, if i had been disciplined like, i am 99.9 percent of the time i could have reshored and time this, and this could have been a Massive trade could have been a massive win for me. If i had just accepted the loss cutting it here, reshoring it i would have made way more than i would have lost, cutting it and then some considering that it faded quite nicely so um. You know, like i said, going forward, i need to size down going forward um. I need to make sure that i'm gon na stick to timing it well and if i can't time it well, i need to start like just practice, cutting it, because just kind of using that second scenario of my position of my account as a kind of like A crutch um, it's just not the safe way to do.

It is not how i got here. Um, like i said it's not how i and again like i said i can get away with that, because i have a large account when i was first learning parabolics. That second scenario was not an option like it wasn't. So if you're learning this like it's the odds, are it's not an option for you? It's really not an option for anybody.

You know like like. I hope you get the point of like it is there to keep me safe in the worst worst case scenarios, but that's that's! That's what they're for the worst worst case, scenarios you'd never really want to be there um, so i'm kind of rambling on. But hopefully you guys get it um, like i said, going forward, sizing down, taking a chill back i mean to to to even though jack and mariana couldn't make it because they're they had. They dealt with some very similar scenario that i did um.

I know jack ended up losing money um, i don't know about mariana's situation, but in terms of like when we are when we, when we're dealt with like situations like this, you have to recognize. They also affect you like in terms of energy, emotionally um and so to say that i can just brush it off and not think about it is, is absolute lie, um, so 100 gon na take it take a little triple the rest of the week. Make sure i'm good make sure i'm back to you know following my rules, um and you know, stop sharing here um at the end of the day, like i'm just sharing this, because i'm human right, you might see me like. Oh my gosh she's, making so much money and or this or that or any trader, that's making a lot of money.

You might think that they're so good. How do they make it look so easy. The reality is we're human uh and we make mistakes, and today was a big big, big one for me, um many other traders like me, jack and mariana are public about it and there are many other players. Who've been public about it, but there's many who aren't and are also still also um, also took bosses today.

So it's it's a part of the game. You should do everything in your power to stop it, but again we're human and it happens. Um. The best thing you can do is is not try to fight it.

In terms of like that, it didn't happen. You try to hide it acknowledge it accept that the fact you made a mistake and that will you know essentially make it that much better to um. You know reduce the chances of it happening again in the future, so thanks so much for watching guys. I appreciate you just listening in and hopefully you really learned something because i know i mean this - will i'll probably watch this again multiple times, so i can just get the lesson in my head because i can't no trader can afford to do what's been done today.

Um and expect to be trading for 5, 10, 15, 20 years um. So very good lesson thanks again guys and i will um catch you guys in the next episode. I hope you guys enjoyed that video thanks so much for watching and being part of the stocks trade community - we wouldn't be here without you guys make sure you hit that like button and subscribe to the channel. If you have not already, our goal is to hit a hundred thousand subscribers by the end of the year, but we can't do it without you guys.

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