But then i discovered the stock market, you get stocks like neo they'll, give you all the highs and all the lows you need in the same day, what's up guys happy friday, so the chinese electric vehicle stocks, such as neo, expev and also li, has been the Hot place of this week, um, you know, there's money to be made both on the loan side and the short side. So, for me i don't generally have a bias, but on these large cap stocks i tend to do better on the loan side on the way up and you'll see that from my small red day on thursday yesterday um you know like i, i was trying to Short some of these vehicle stocks, but just didn't work out and then today, i'm still very happy to end the day, green and in the week green overall. So let's go over the losses from yesterday. First, so thursday, expeve um, you can see this very extended candle on the daily chart.

You know i was more short biased on expev, but on the other hand i was long biased on neo um expef. You know they had earnings. You know the earnings was okay. Like it wasn't like anything amazing, but i think it would just keep on going up with the entire sector, so i really had thought they were gon na sell off and you can see.

I was wrong, so i took a decent loss on this. Now pretty market is, it was up um up around the 40 dollars free market and it sold off all the way down to 35 before the open, and that's why i was trying to short around this 37 and 36 dollars area. Thinking that they're gon na break down 36 and flush all the way down, it doesn't show on the charts here. Uh but downside, there's downside to you, know 34 and potentially daily support around 32 dollars didn't work uh, but i managed my risk really.

Well, though, you know like, even though it sucks to take the loss, but i did um take a loss here and over here you know i had another loss again on the short side, this time smaller, because i'm revisiting these trades uh small loss over here when It didn't work, i'm not! I don't like to keep on adding adding adding on the way up. I think that's a very short way to blow up um, so i don't do that um. So i'm really quick to cut. If i'm wrong, you can see, i took a small profit but cut everything again and over here you know i tried it again, small size, just a scalp um this one.

This straight, i was green, but overall, still red on this name uh and you can see. I got kind of tried again nature on near um around two o'clock uh, when it just you know, seems like very extended still um traded this this one. I scaled it a lot slower and i would use a lot less size um. So this trade, the final trade, was a green one, but overall, on this name on xpev um, i was red on the short side.

Second, trade is also a loss, but smaller loss on starter size pdd this one. You know they beat some earnings and i really had thought um. They were going to be more upside, but we didn't get that today. You can see um.

I started aiming around the consolidation level: 134s thinking that they're going to hold 134s and retest the highs. 138. 140S um didn't happen. You can see once it breaks down.

I just cut it. So pretty small loss on this one less the loss is smaller than xpath, but the one trade that really worked out yesterday was neil on the long side um. So i short buyers and expef, but neo is a stock, i'm more comfortable and more familiar with. On the long side, i tend to do better on neon lungs.

I have shorter neo before but um these are. Those are 10, usually just scalps. Neo was a clearer long for me than expeve, but in hindsight, of course everything is clear in hindsight. Actually i just went long on xpath as well, but you live and you learn neo um.

You know i left it alone, the entire pre-market and at the open, once it breaks out. You can see this consolidation dipped to 45 and pretty clear right. I broke the 45 daily um resistance and you know once it breaks. You know i'm buying the dips and joining the trend on the long side bother here bought it here.

I was very patient with neil this trade. I'm actually very happy about and sold into 47s first price target and i left it along with a stop at break. Even um, because neo is a stock that you know, i traded just trend joining on the way up before and i sold um the day trade over here at 49 um so over here. So that was a very, very nice day trade for o'neill, and that was a green trade from yesterday um, so so, overall, still small red from yesterday.

Just because you know there were a lot of paper cuts, i took from expev and as well as pdd. So, today, friday, it's very interesting how fast things turn in these uh in the stock market and that's why this is a great market for day traders, because there's a lot of range to upside and downside um, so neo you can see. Yesterday i traded this on the long side um and then you know today it spiked to 40 54 and then just dumped all the way down to 45 dollars. So that's why you know you want to trade the price action, it's very hard to always be a perma bear or a permanent uh bowl in day trading.

You don't want to be too overly biased on any one side. Neil, i did um take losses on the long side today, um, but you know all my losses are very, very managed um. You can see. I tried the longer here.

I left it alone, um here thinking that okay they're gon na you know, consolidate v-wap and go up higher. Try it along here, starter, didn't work, cut it immediately and then try it again over here didn't work. This is where i realized. Okay, they are not even holding around the 49 50s level.

This has actually a lot of downside and i did scalp it short on neo and again, while i'm shorting neo, i tend to go smaller size just because i'm not good with neo shorts shorter. Here after i stopped all the long, shorter hair small basically covered everything here, re-shorted it again just scalp size, nothing, big, re-shorted it again down here - and i was all out over here on neo, so the shorts was scalps smaller size, but i did take losses on Long side of neo, but over here, is where i'm getting interested in the actual long, because you know when stock has dropped from 54 all the way down to pretty much 45 and 44s. That's 10 point move under stock. That's you know price around 40.

50S range. That's a big move now when i'm buying these stocks, that's very weak, i'm not going to go in full size right away on these bottoms um. So these are basically just scalps for me, even though they're scalps, they still ended up bouncing for like three four dollars. Uh, but when i'm doing these you, i won't do a smaller size, because you're essentially um, essentially trying to use daily support levels if you're wrong.

You want to get out fast uh. This is why i'm scaling small first 45 dollars after, like i covered all of the shorts 45 dollars for the 50s. I let it drop saying: okay: where is it gon na tank? If 44 dollars breaks, then i want to be out of the starter size. So once the tanks didn't break 44s health um, this is where i went back in for added into the lung um around 45 80's level added and i sold into the pushes just scalps right when you're doing these scalps um, you don't want to be too greedy.

Thinking, oh, it's going back all the way to 50 50 152.. It could have, but for me wearing the scalp, a scalp is a scalp and you got ta stick with it uh sold into everything. Here i tried it again thinking that they're gon na hold red to green, and i want to sell into 50 that's the plan right. It didn't happen.

I stopped out for the loss so overall neo um. I still actually end the green on the long side and very, very small, green on the short side um. This is a this is one hell of a roller coaster of a stock made new highs today and then just went all the way back to where it came from. Basically, yesterday, yesterday's lows, so this is what i mean by this a play for both long and short.

It's all about your setup, it's all about the price action and you don't want to just keep on adding adding adding on the long side on the way down. That's the same as adding on the way up when the stock is going parabolic and going short, that's the surest way to blow up adding to a loser. So that's my neo trade, uh and xpath. I also played that short today around here.

Another scalp. For me, 44 80s over here this level, and then it dropped to 43. just a scale for like one point um you can see you know it bounced back higher and then tanks to 42 dollars now. But you know i'm all out on the stock when i'm scalping these things, i don't want to be too greedy, so dkng is another large cap stock i played today, so they had some earnings for these this morning.

Conference call and no, it was decent. The stock. You know basically shot up from 43s all the way to 46 um 40s and then into basically from the earnings type. I was a little bit more short, biased on dkng, just because it's a stock that i've traded in the past before it likes to do this.

This kind of um gap up, sell off chop around um, and then you know sometimes it just sells off a lot further than you thought it would. So that's why i was more short bias on dkng. That's where i made the money from. I also got long around the consolidation levels here, thinking that we're going to get reversal uh my long trade on dkng didn't work out, so i'm better at trading the stock on the short side.

After all, uh dkng had a starter pre-market, very small 45 dollars, 60 cents uh once it drops, you know, drops at the open right out of the gate. I wanted to short the bounce and you can see the drop from 45 50s. All the way down to 44 30s - and i showed the bounce around 45s and then we got a nice follow through to a new low. Around 44 dollars covered some i'm re-adding, some small on the on the rebound and i'm covering all the way down here.

So these are all the covers, i'm out of the shorts by this point um. This is where i was actually thinking of a reversal um. You can see. I got long here thinking that okay, we're gon na you know probably consolidate around the 43 30s 44s, but i really want the 34 dollars to hold for me to keep on adding into the long side didn't work.

So i stopped out all the long hair so took a small paper cut on the long side, um didn't work and i definitely got chopped up a little bit. Try to re-short it here around the v-wap level um. Once that didn't work, i covered for the loss. You know i don't want to keep on adding on the way up um, but you can see it went all the way back to the initial level, where i showed it around 45 dollars.

So that's why i went in short and we got some nice covers on the way down. So overall you know i just should have just stuck with it on the short side um, but there was definitely still long plays um on dkng. It's just like. I was too early um, you can see they failed the 45 44 a couple of times.

It did reclaim here um in hindsight um. That would have been the better place to go long, but no, i lost on the long side, so um and i had another scalp here around 43 thinking that i'm gon na tank all the way to 42. But i wasn't patient enough to write it down to 42. That would have been um very nice, so you know i did get chopped up a little bit on dkng same as my trades on neo and xpev yesterday.

No, i still take losses, i'm human! After all, i'm not a perfect trader. It's just like when i'm wrong on these losses, i keep them very controlled and very small. Okay. First question is from chill cosmos.

True cosmos, that's a that's a really cool name that should be like your dj name or something chill cosmos. Here's a fun fact about me that nobody asked for i used to be very into those like music festivals and following all the dj's and i'll go to all the shows in california. That was a fun time, but then i discovered the stock market, i'm gon na stock. Like neo, you get your highs.

You get your lows on the same day: okay, anyways back to the question. Sorry chill cosmos: how come you don't use trillion? Stop losses instead of scalping, so as price continues upwards, you move up your stop losses. So the way you set your stops has to be dependent on your setup. If it's a scalp, then you i pretty much, monitor it myself manually and just stop out um on my own.

If it's a setup like neo the way i traded it yesterday. Basically, it held the trend up this, and usually i do this on large cap stocks. Then i would use a trailing stop loss uh, but for neo i set it pretty wide, so actually never hit my um stop, but you're right yeah. So, as price continues upwards, you move up your stop losses um for a star for a setup like these, where i think it's going to make an all-day move.

That's what i do basically so yeah you're right but for the scalps. Then i monitor - and i stop out myself manually next question - is from susie. May i love your videos and find it cool and we can ask questions yeah. Thank you.

Do you watch stock market indicators like upticks versus downticks of indexes, futures markets and so on? So i only do that, while i'm trading large cap stocks generally speaking, and mostly the tech stocks um, so that i'll watch um the spy s p, 500 etf trust as a general guide for direction. But not all stocks are gon na follow the spy closely. So it's all dependent on the stock you're trading, so yeah, so i do use it as a general guide um, but on these stocks that we talked about like neo and xpev um, they don't follow the spy because they are in a sector hype essentially they're. All in a chinese electric vehicle sector, um sympathy so they're, definitely not going to follow spy anyways, guys very nice way to end the week um i think neo and the expeve and the rest of the sympathy plays um, maybe more opportunities next week, because we have Neil with the earnings and a lot of high expectations - um, i don't have a bias.

Yet all i do is trade the chart, not the company, alright guys, if you 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 enjoy the video and the bad jokes.

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