So pre-market today there wasn't that many small cap gaffers that really was my a plus setup, a lot of stocks i wanted to short, but the locates were really expensive or they were just none available. So i just focus on IQ. Iq was my main watch. You know this is a large cap company.

Some people call it the chinese netflix and they were gapping up due to reportedly $ 0.10, who wanted to invest more like a majority stake in the company. But the key is that yeah, it's positive for the company, but it wasn't like a confirmed report or like confirmed news or anything with actual date horizon in my in already in place. So at this point, unless we get an actual confirmation, it's just a rumor and the stock actually gapped up 30 percent. So you can see we basically retraced at least 50 percent of the gap up and that's why i was leaning in short, biased, pending how it reacts to $ 26 level.

You can see. 26 start was already the resistance. Pre market become some small supports here, but at the open we failed that immediately we failed 26 dollars and we couldn't reclaim and that's why i was leaning in short shorter here i was waiting for bigger bounces, maybe retest of 25 80s to add even bigger, but We didn't get that that's what add here, pay some myself here small size, so i was leaving a majority arm because of price action, which is so heavy. So we get.

We did get a flush cover some here, but i didn't hesitate to add back in again. Price action is heavy. You know in an entire market or selling off, so i'm just joining the trend right on large cap stock like this and around 2370 80s. This way i covered most of it.

So by this point i only have a quarter left and you know i try to go back and see if we can get even more, and this is where i should have covered this twenty to sixty area which you can see is prior. You know there's some prior support small support here, but you know i didn't, because i only have a small size aren't ugly shorts and seeing that we're not actually going lower anymore. That could just be the low of the day here and i got out of my last piece short. So, overall, nice play very, very liquid stock and it was easy to borrow so he didn't need to pay locate fees, not like a lot of the other small caps that was in play.

I played a few small scalps on the small caps long and short, but the biggest position was IQ for me. Okay, let's look at so wave. Foo is one of those stocks. I scalped short nothing big.

It was up on volatility because the Chinese government was saying they were closing down schools for Beijing or some you know, city and everything has to go online, and I mean you know this is the online education company in China. It doesn't make that much sense, but you know it's a small paddling. It runs on whatever the pumpers will not do so. You can see you know what actually you know running up higher, but you know this day.

There was a lots of bag holders from among some just a couple days ago. So you know that's always a much short bias. If we do reach this area. You know a 60s no $ 8 range is where I'm interested in shorting.

So I started building position here, a little bit early covered into the flush just to pay myself, but I was prepared for the stock to go to $ 8 at $ 9 and when it started to reject $ 8 area. It's where I scouting again short and also alt buy this part again. Just a small position. Small scalps and small wins definitely adds up and EDSA is a very similar idea.

As wafu. I actually had a long in there into the volatility, because that seems to be the theme right today. A lot of these smoke. Hats are sold off couple days prior was just holding up and then selling off.

So you know if you're fast enough, you can play the whole up on the long side and the short the downside, so no rum trip time this low. In short, just tiny, scalps, nothing big but just adds up to little little base hits so another one of those really wild day with tons of cappers and I think pre market there was, I think, five low floats cappers on my trade idea, scanner and whatever that Happens: man, I swear like every time we have too many gapper, they all kind of sell off, because you know again, the volume and the buying volume is divided and usually only will stand. The test of time is what we call it. So NT Elmer was one of those Gabor's.

I was actually more loan biased on the stock can see. I started a small long here we sold into the pre-market push because think I was hoping that we're gon na break above there's seven dollars and start holding and go up to make new highs on the daily chart. I think on a daily there was room to ten dollars or like nine dollars, but you know pre market very small size, just small scalp couple hundred share sizes. So once we reject that seven dollar, so I got stopped out and I wanted to leave it for the open and and good thing I did because at the open you know instantly sells off back to five 20s area and that's why I took it on a Stop long, you can see at the open and sold out if mmediately right and who there's 520 supports, which is you know, we're long.

I think I loaned here five thirty s risking five 20s. Why five twenty sequency previous support here here and then here right? Does that mean it's always going to hold? No, I'm not saying it has to hold, but I'm saying it could right. You can see this five 20s. It's also the high from the day before.

So that's why I chose that level too long, and also I get like a scalp trade got a couple hundred shares, nothing big. You can see, we actually hold it up, but I was trying to sell and I accidentally saw a little bit. The idea was that we might go into a volatility hold to seven and that's where I want to sell the majority my shares I messed up, and I only caught - I don't know eighty cents, 50 cents or so - and I just left it alone, because after this Unquote, I'm we got sold into and we just stayed heavy for the entire day and I don't want to fight trend right. Even though I was bullish on the stock once it breaks down five 20s.

It's done it's game over. You are in case so the stock. I actually went in short, even though I was polish on the stock early on, but it's basically the same company as you, oh and II, and if you see just different class of shares. But if you see the stock, you owe an e which you know, which you know, of course, is the same company trade together.

If you see the stock tanking from 23 to you know seventeen, you know, I don't wan na long you're, an ek anymore. That's why I flip short, a stock was easy to borrow, so you know, sighs according they could always squeeze short. It's um around $ 6 added some more after. We stayed heavy five 60s and now should have held a lot longer and be more patient, but I was kind of busy with carv, which I'll show you in just a second and and cover time.

I also out here and the stock tanks to 340. So didn't see, dropping that low. That fast today so definitely missed a lot downside, I'm short, but the splay of the day was CRV, okay, so carv. So this is a very manipulative stock.

Low float up, no news, it's up on all-time highs, so I think the stock has upside to 25 with something and the the prior resistance was 12 dollars which it did hit. You can see. 12 dollars would broke that pre. My kids so know.

I had a few Long's and shorts long, so mostly pre markets here on the front side and then another scalp long, but after this area is where I started shorting and the shorts are, you know short scalps, nothing, big, but they definitely add up. There were not a lot of locates um carv. For me, I only got a couple hundred shares, but if you are recycling them, it adds up nicely, even though they are just small scalps right. So no scalps have cut a couple hundred.

They add up. I'm gon na stock. I gave you two or three dollars range shorted, and these are all scalps until we went parabolic towards $ 22. That's where I showed it, and you know I did cover some, but I wanted to hold it for the manger - flush and potentially hold them, which I don't think we got here.

We didn't get the hold onto this candle, but was all out on the short by 15 70s. So I was pretty nice scalp play on the short side and I did we try to reheat the pops over here, but overall didn't do that. Well on it. I think I took a loss here around this area because of the squeeze, so by did we enter with a smaller size when re-entering the stock after the major move, it's always with like fractional fraction of the size I had up here, but even with small sizes.

I still added up quit pretty nicely on carv and a tiny scalp when you're on the day was our MFA. I didn't even know my order got filled. I just send out some really out-of-the-money short orders at 350 and basically in osceola range order, and this gets filled. I have a stop at 1:30 and take profits here around $ 3 so and that nicely, even with just tiny small share sizes.

Nice way to start the day before the open - and I just had left the stock alone after it opens so early arm, had a small short free market just because we're pretty extended on this parabolic rung up - and I covered my short - and this is where I Actually flipped long - and that was a good flip, because a stock was actually really shrunk, but just stronger than I had anticipated. So I long here sold something to this push. We added some more about 44 50s, and this is where I got out of all the bombs here, because I was thinking okay. This could potentially be the topping for a rollover to a downside, like I had in mind, and I started scaling in short and when I started ski from going, I cut my loser right, so that was the first short, and this way I attempted again in this Formation here thinking that, okay, like we, have rejection from the 46 47 area, which is also daily resistance - and I was thinking this could be the top and we're just gon na roll over, and we did not like the stock literally reclaimed V again.

For the second time and no tried to push higher and no, this is why I had the second short, and I cut my second short, so you know, did ended up being a red ticker after the short side, I did revisit the short twice and that gave Back my gains from the long side since the long. I didn't anticipate it to be that strong of a breakout - and you know it is what it is. But you know I followed my rules followed my stop and took the loss, that's anticipated so other than that trade on emph. There were no other big trees for me just because there weren't that many, I'm small cap runners - that actually you know, looks good for my set up.

I did have a few scalp shorts husn over here. Nothing, big, just small, wins another one. Crv um this one. The Burroughs was really expensive, so I didn't have much size on that.

Only a couple hundred sheers got shorts. 13. 11. So now gave me a nice rigea below 50s and just scaling in right and then cover into the flush you don't want to hold for any homeruns or anything another small one, there's AMD this is one's very, very small barely had anything just a starter, so it Is my first red day in a while so in tomorrow's Friday, so I'm just gon na take it easy tomorrow and see what happens so.

It is now about 11:30 p.m. here and I think we're pretty much done for the week. There's not a lot of other movers treated only two stocks today and kept it pretty clean. You know small base hits they add it up, especially after a red day from yesterday for me, so you owe, and he was the first stock I traded.

I was actually more long, biased on the stock, but I did get a tiny bit of scalp short in the stock, but overall, the better trader on alongside basically, you know after the stock ripped above the $ 40.00 mark on the daily charts. You know that's when I was more bullish on the stock as long as we held the $ 40 area, and that's why I went back long here long here and then you know just tiny, tiny scalps. It is a stock that has a big range and I don't want to get caught on the wrong side of this stock. You know, basically, the same idea is buying a dip and Selden trips, and here had a scalp shorting it the locates were really expensive.

So I didn't borrow that much, but overall the trade was mostly an along side. So nothing major, I think you know this stock. You know who knows like it looks weak now, but the last few days yesterday and I guess three days ago they keep on trapping beneath the you up and you know try to squeeze out near the end of the day. So you know I know this could do the same thing again, but you know the action is definitely more muted in comparison to yesterday, but I'm done with the stock.

For now I want to get karting any headache. Ii stock i traded was red. I was green on the stock. You know I was short you can see.

I had a tiny, long, they're thinking that we're gon na continue to break out. But when that didn't work, I could flip short and I built a very nice short position, and this is why I add to my full size. After you know, it started to stay heavy and rejecting the and I did cover some here but another majority. Unfortunately, because I was thinking we're gon na get a major flush down to three fifties, and I want to keep majority of my size for that level and I did cover some, but we really quickly bounced back.

I tried to re add on my covers and when that didn't work, that's why I started covering and get all of the short, especially after seeing that we're holding above the web and we're breaking about $ 5. So that's my risk right. You always want to manage your risk, and good thing I did. I was telling everyone in my desk were chat that there's nothing more satisfying than seeing a stock ripping all the way $ 2 $ 3 above your respected stop-loss, if your shorts right.

So I'm very happy. I followed my stop and get the same thing if you weren't long right, if you sold for a loss but respecting your stop-loss, and you see a tank even further, there's no better feeling in that, like that feeling is actually even better than making money in treating Right in trading, it's easy to make money, but most people cannot keep it. So that's the that's the key takeaway here so I'm very happy to walk away on the week very green, despite one red day from yesterday. Hopefully, everyone did well trading this week and we'll see what happens next week, hey guys thanks for watching.

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