What's going on, everyone hope you all had a great weekend. Waking up today, i saw bitcoin was over forty six thousand dollars. Um, that's a pretty big rebound from, i think like. Was it like a thirty thousand dollars a couple weeks ago and as a result, a lot of times when bitcoin does these drastic gap? Ups, a lot of these uh bitcoin stocks follow suit as well.

So some of my favorite stock should trade whenever bitcoin makes these kind of moves are mara and riot and recently there's a there's been a lot of smaller ones, such as bt bt. So these were the stocks on my main watch today, so i traded them both long and short and uh overall, i'm agreeing on the day, but there was one tree that i'm not very happy about and i totally messed up um. So without further ado, let's dive straight into this, so the first stock i started watching and kinda, seeing whether it's gon na continue to the upside was bt bt. This is a stock, that's being uh rallying off the the daily chart from the bottom is pretty much from seven dollars and eight dollars and it's been drastically going up higher, for i think the consecutively.

You know six five or six days and uh. This is a pretty pretty big um squeeze move. However, it is getting the to the point where it's getting extended and if you look at um on friday, where the top was around 1940s, that's also the area on the daily, with a lot of major resistance. So for the stock to break out higher today, it needs to hold the breakout move from first of all from friday and really technically speaking, it needs to hold about 20 dollars so because there's a lot of resistance around 20s as well.

So that's the reason that i was open to playing both sides and especially if bitcoin pulls, which it started doing after the open, bitcoin pulled back a little bit about 30 minutes after the stock market opened. So that's why i was kind of scaling short around that time. So if you look at the intraday chart on btbt, yes, it had a nice rally off the open from 19 through friday's high 1940s and went all the way to 20s. So around this 20 mark is where i was seeing some selling pressure in the price action and yes, the first entry here i got entered on 20.

I got stopped out um pretty much right to right around 20 20s um thinking that okay, this thing is going to continue squeezing up higher um, and i tried it again here: smaller size, 2020s um and then i see it squeezed through the high of the day Went all the way to 2070s, but if you were watching the stock at that time it went to new heights and immediately slammed right back down under um, the 2020s and even 2010s area, so that to me it tells me that okay, that was amazing. Basically, just a short squeeze, a lot of big shorts got blown out uh and you need, after the shorts get squeezed. You need actual buying actual new buyers coming in to buy the stock to see more upside, and once that happened, that's why i covered some. I want to scale back in slowly if it is really going to hold under 20 dollars area, so i did scale um.

I did cover some cover some and i let it tank from 20 all the way to 1920. So that's a big range, but this bounce bounced all the way to as close as 20 as i could see, it also lines up with with a vwop. So i got in. I got my ad around 1986's and that was a very decent entry and this thing just tanked after the the bounce, the short-term bounce, all the way to 19.

So that's a pretty decent a little bit over a dollar a shared move, uh pretty decent um. I got out most of it here. I got the remaining here because bitcoin at the time had a had a very pretty big rally and rebound you can see after i got out this thing, bounced from 1890s all the way back to 20 20.. So if i didn't get out of my shorts, i would have gotten stopped and stopped out which is fine but um.

This is just a very volatile stock, but you can see after that 20 dollars re-test this thing just crack right under and just fade. The biggest trade was here. I did try again here thinking that we might slowly fade down to previous day, close, which i mean it did, but just took a little bit too long and i wasn't comfortable down here um, so i showed it here. 1846.

I covered pretty much at this exact same spot um. I you know in hindsight. I wish i was more patient about this um, but it just it just it just looked like it could have consolidated to go back higher and so that's my short thesis. I basically got out of it around 19 and now it's fading down to 17..

It's actually going red on the day, so this thing has a lot more downside, probably to um somewhere around 1550s and sixteen dollars at the end of the day today, potentially um, but we'll see what happens i'm out of the trade overall. I did really well on this. On the short side, btbt was the bitcoin stock. I did pretty well on on the short side and the one i kind of did terribly on is m a r, a mara, so this one i was actually more bullish on this.

I just didn't execute this well, even though all these i started adding in on smaller sizes, so that we talked about many times if your full size is 1 000 shares i'll start, adding in with like 200 250 slowly like that. So, even though they were all like losses on small size, it definitely added up. No i'm not happy about this. It chopped my daily profits more than 50 percent.

So i'm not. I think it's more around like 60 70, which is not good um, but i know myself that um i this sticker - i just didn't - have a good execution on this, so i got long here starter and i see it uh breakout to ohio day, which is nice, But rejected - and i got stopped out here around 36 60s, so these are starter sizes. So each one stop out. It's not a significant amount, and i tried it again here, starter again, added on pull back didn't work, and this is where i should have just stopped.

All together, like i did here, but instead i added a little bit more and added a little bit more, and i turned it around to look at my btbt short and also at the time. I was also on long mrna and i turned around. I looked at it and this is at the very bottom, don't get too comfortable, even if you are only in with a small starter size. When i see that i just got out most of it, i got out more around 36.

I'm not happy about this. This is a pretty big drop. After all these, like small ads, i had an average about 36 70s and seeing it drop a dollar under it's still, even with small size, it's still not fun right um. So this thing you know i got out most of it.

35, 60s and the rest of it around 36s. So this is my loser on the day on the long side. You know the lesson from this is definitely like. Keep your stops tight, even if you are in just small size, you don't want to let it drag down your p l curve for a lot.

You know too much so for me, giving back. I think that 70 of the profit on the day because of this one trade - this is not good. Don't do this! Okay, learn from this mistake, i'm just happy, it didn't make me go red on the day, but it could have right. If, if i left this thing alone, it could have tanked a lot further, so that was the loser on the day, the other trade that was also a very decent winner, even though i only had small size was mr and a i've been watching the stock ever Since, like the open, when it broke through and went green on the day, and especially when it broke through all these daily resistance, around 4 30 and then the hot, the previous all-time high was 4 44's up around up here this area.

So i've been watching the stock for a long, and this is probably like my fifth time or something talking about this socks breaking through all-time highs. Just don't short it. You know, look for pullbacks too long or just avoid trading it all together. If you're, not a good long trader, because stocks like these are the stock, look at that breakout, did you guys see that breakout um that squeeze stocks like these are what kills short sellers when it just goes straight up and doesn't really pull back? It's frustrating for the people who are looking to long the pullback like i was, but at the same time i would much rather miss this long trade altogether than to be that person trying to short and fine tops every single rip uh and they get short squeezed On the upside like right now, if you were trying to show this thing around 460s: well, you just blew through the 460s resistance right, we're literally trading near all-time highs.

You have to think about this psychologically speaking, there's not a lot of incentives for the people who are long, the stock to sell a stock, that's so strong for some psychological reason. When people who are long the stock, they see the stock so strong, they never want to sell. They only think about selling when the stocks are read or when it's going down for multiple days, just just the psychology of the market. So that means you don't want to be shorting the stock when there's nobody selling the stock, in fact, everyone's probably thinking of buying a stock because it looks strong, it's a vaccine stock.

You know people are in need of more vaccines and, most importantly, it's just breaking through all-time highs. So you only want the shorts when there's reasons for the buyers to sell this stock, but anyways um enough of a tangent, sorry um. I got long small size because this is a really really small, pullback 440, once and added on the breakout mode, 446 sold some into it and tried to hold the majority as best as i could majority of my small starter size. I got all over 455 and now it's up another ten dollars a share, so fun fun fun.

At this rate, moderna is gon na reach 500. Maybe today or tomorrow i think it'll be very interesting. We'll see this thing's basically been going straight up for the last month since beginning of july from 200, now it's more than doubled after one month. So this is a pretty pretty impressive move for mojona all right, it's time for our q and a's after the last video i did where i trade, you guys saw me trade some put options on amd.

They were lottos um. We i got a lot of questions in the comments section asking why i don't trade options anymore, and it's really simple, because i am not good at trading it. I think everyone should focus on what they're good at and for me, i'm only good at those specific situations like i talked about in the last video, and another reason is because in my first one or two years in trading, i dabbled with options and that's where A lot of my big losses came from and even after i became profitable whenever i start thinking about. Oh, let me try options again because people always say you can turn a hundred dollars into.

You know ten thousand dollars, so i would try it and every time i even after i became profitable trading just stocks, i go back to trading options. I would lose a lot of money, so this is just a situation where i know what i'm bad at and i am going to avoid treating it unless i absolutely absolutely see something: that's worthwhile risk award wise. So if i'm not saying don't trade options, i think if it works well for you, you should trade it, but i think the the lesson here is to focus on what you're good at so for me, i just find it so much easier to trade stocks. I can make profits consistently.

I don't have to worry about the greeks, about the expiry or about the premiums, so it makes a lot more sense for me personally, so you should find out what works for you, whether it's stocks or options, it's worthwhile to try both small size in the beginning And find a focus trading is very versatile. You can trade, so many different asset classes. You can go long, you can go short, there's different ways to hedge. Your trading.

There is definitely a lot more than one way to make money in the market. What matters more is that you experiment and you find out what works for you. Hopefully that answers your questions. If you have any more for me, you can leave them in the comment section below and i'll do my best to answer them.

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.