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🔽Time stamps:
0:01 $APDN $MRNA $SPCE
2:54 $INO $MITO
5:38 $INO Coronavirus stock long & short
9:40 $CODX $INO $MRVL $CANF
With the Coronavirus epidemic outbreak in China, that brings a lot of hype into the vaccine and biotech sector in penny stocks. The best Coronavirus sector hype stocks in play were $INO $CODX $LAKE $NNVC $AEMD $INO $APT $CLBI.
In these kind of sector plays like we had with the shippers, blockchain, gun stocks, these penny stock companies will keep releasing news headlines related to Coronavirus hype and get their stock prices pumped up. There is almost always a long play as well as short play in these sector sympathy plays.
Recover from Big Loss Day Trading $CODX Stock
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How to grow a small Account Day Trading?
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.
Humbled Trader FAM count: 70,400
▶︎ https://humbledtrader.com/discord-room
Get my daily Stock Picks
▶︎ https://humbledtrader.com/watchlist
Get my FREE Weekend Watchlist
▶︎ https://humbledtrader.com/free
🔽Time stamps:
0:01 $APDN $MRNA $SPCE
2:54 $INO $MITO
5:38 $INO Coronavirus stock long & short
9:40 $CODX $INO $MRVL $CANF
With the Coronavirus epidemic outbreak in China, that brings a lot of hype into the vaccine and biotech sector in penny stocks. The best Coronavirus sector hype stocks in play were $INO $CODX $LAKE $NNVC $AEMD $INO $APT $CLBI.
In these kind of sector plays like we had with the shippers, blockchain, gun stocks, these penny stock companies will keep releasing news headlines related to Coronavirus hype and get their stock prices pumped up. There is almost always a long play as well as short play in these sector sympathy plays.
Recover from Big Loss Day Trading $CODX Stock
▶︎ https://youtu.be/8M4CGRXoiug
How to grow a small Account Day Trading?
▶︎ https://youtu.be/tff0PS0zcig
How to Day Trade around PDT Small Account
▶︎ https://youtu.be/L3Ux7m21Upc
🖥️Recommended Trading Tools:
Try Benzinga Pro FREE for 14 days (use code "HUMBLEDTRADER" to get 25% Off )
▶︎ http://bit.ly/2KXeAqH
Trade Ideas Scanner (use code "HUMBLED15" to get 15% Off)
▶︎ http://bit.ly/2mYKie2
Get My Trading Station Set Up & Favorite Trading Books
▶︎https://www.amazon.com/shop/humbledtrader
📝Get a FREE stock on Webull, $0 commission trading app
▶︎ http://bit.ly/2Lhtd9X
🇨🇦Questrade Canada (get $50 FREE commission trades)
▶︎ http://bit.ly/2GoeUMY
For business inquiries only, you can reach me at HumbledTraderBusiness(at)gmail.com
📊Follow me on social for more updates:
▶︎IG @HumbledTrader
▶︎Twitter @HumbledTrader18
#daytrading #pennystocks #stocks
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.
Humbled Trader FAM count: 70,400
So the overall market condition was actually pretty choppy. Today, both were the large caps with a spy and the SWAT was a smoke apps such as coronavirus stocks. It was all pretty choppy in the beginning and bowling was kind of thing and we couldn't really pick a direction until a lot later on. So the first one I was watching to play was spce after this overnight gap up from the close about 24 50s on Friday, and it sold off right at the open right profit-taking after the over a weekend gap up.
So that was fine. But I was lonely at dips. I was looking for a lot more upside actually, but you know with spy chopping around and this stock was actually just was wasn't you, as you can see other wicks here we can't really pick a direction. So after I sold an initial entry, I tried to come come back a little bit more just skelling hang out and at the end it didn't really work.
So I definitely gave back some, especially after I'm still recovering from loss from last Thursday playing a lot smaller. Just to start in the week, especially with a low volume choppy day like this, so that's the first tray on the day, the other one. There was more trade, just a scalp trade was mrna. This was the probably the only coronavirus stock that has a clear direction.
Right we held the previous day closed from Friday, and then we just kind of ripped and also whu-oh was you know, having a conference call and this stock was also kind of moving into the conference call um afterwards. I didn't trade it because this stock was tend to be kind of choppy last week as well, so just a tiny little scalp, but it was kind of no chopping around breaking down view up for a while. But I wasn't part of that later: on um, the biggest winner on the day was a pdn. This is a stock I've traded so many times before on a short side know, the idea was just short of reps at the open towards the 680.
Seventy seven dollars, which is what we got and that's why I showed it right here and then over here, is where I added and then covered. I wish I had this cover around low five dollars um. I think I had it down here on five dollars when they hit it, so that would have being a nice cover, but instead I added here. I should have added here more of course, hindsight 20:20, but i only had a small piece left after this ad, so they're just covering into the tips and he was starting to hold and that's why I took it off and it just kind of sold off into The clothes without me so looking back at this chart - and I know stopping out never felt so good so actually um.
I was short the stock, risking this around 540 s. 5. 30S. You can see this where I repeatedly shortly the Pops and covering into the tips.
So went back and forth into this trade overall, what's the wind, but it definitely gave back a lot some because I was thinking what can the gap feel all the way down after five dollar breaks here? This is why I started sizing in either even bigger, but when it starts holding this way starting to bail and at the end I had like a tiny piece just because you know I left it alone just to want to let it work, because the stock was Extremely I'll go driven every single time it breaks down. Five dollars just keeps on getting propped up, but again, at the same time, every time it reaches around this 525 530 level. Huge sellers came in to sell. So that's why the stock was running range bound from $ 5 to 530 throughout the entire day. I did short a lot in the morning, but then I was all out by this point and just had a tiny piece just for that. What if right and then the end of the day, things are starting to slow down and just took it off, so this is one of those times where I'm so happy. I follow my rules. It's times like this, where you see - oh, my god, I'm thank God.
I followed my roar, saying I what's the stubborn and I didn't just leave the trade out for the what, if, oh, what, if it no breaks down all the way to 440, I would have made a lot of money yeah. But what, if it does this right? So, overall, I'm very happy with this trade. I didn't make the most money I could have just because I kept on going back and trying to short it down, but overall, I'm very happy with this, especially on the last scaling out here, but just trading. According to my plan, right, yellow wan na was a nice long.
Trade was mi tío and I'm sure this one caught a lot of people by surprise because we were breaking down already pre market and this third $ 3 level was the key level I was watching. After it broke down, I kind of just have two on the side and didn't really watch it, but this reclaim, if you go on the one-minute or the three-minute chart, let's reclaim around, I guess almost hang a clock level. This volume squeeze is with my signal to go along because look at this volume. This is not just a short squeezing out.
This is also buyers coming in. So that's why I longed you. Can you guys remember I long a lot of these momentum trades in the past, with a volume squeeze volume is always almost always my number one indicator to go long or short volume analysis is really important. I longed here scaling out and I was trying to go.
What trying to go back for more because the stock was really strong and they sell in front side. You can see. I went back a couple more times and then I just didn't get to sell. I was a little bit overly patient with my entries here.
I was thinking and we're gon na get this move early on right here you can see. I didn't a missus sell up here. 550, so I was hoping to sell up there and sell all the way to $ 5. Didn't get to that point and this where things were starting to get choppy and saying heavy, and I actually got out of the position and of course mister squeeze right here, but you can only take the meat of the move and you have to always protect your Downside and this stock, actually after the squeeze just kind of chopped down and grind it down, so just very happy to be take apart in this meat of the move, both on the long trade today, I'm mi tío, and also I and O on the short side. So had a really nice day trading, one ticker and one ticker only and that stock was I and O. So this one was actually one. I was shorting yesterday, as you may remember, I was shorting yesterday around the 5:30 area and covering to five dollars. We had a nice overnight gap up, but still you know I want to be careful with this right.
I don't want to get burnt, so I was actually sure early on and I cut my small site short really quickly. It's okay to be wrong, but I want to be wrong smaller. I don't want and not a while all those Co DX trades. Why? Yes, I cut my loss according to a plan, but the sizing was, you know, should have being a lot smaller.
So I surely, and I actually cut it for a loser and flipped long, so actually was long after the short here I was long over up here and it's only once that we broke down this night. All the area - and there was a lot of selling up here - is where you see all the wicks from $ 9 to 930 s. We just had a lot of trouble pushing and you can see this. This pre market high was a hard rejection on lion-o and that's where we saw a lot selling in the high nice dollars area, and this is why I joined them short after nine dollar breaks down.
This is why flips short, so this is where we get a nice sell off from 8 80s, all the way down to 7 60s. So why is short and the covering into the dips here by the one outstay my welcome again, we had a huge gap up. The stock was easy to borrow and it's a higher institutional ownership, and this definitely a lot of players in this one. So I didn't think they were gon na.
Let it fail that quick and without being nice if they did theirs, which is why I went back and skilling short just to see how if we stay heavy and we didn't so that's why I covered. I went back a little bit trying a little bit more just to see you know if we're gon na reject this V whomp area I stopped. Oh, I went back a few more times right here, yeah smaller size, that's where I took a loss. It decided.
You know what it's not ready to completely flush down. You can see. Even after we closed week, we still got bought up um after hours, so I don't want to know stay in two shorts, biased, um, miss we could potentially see another day, but the whole reason I will show buyers on the front side and I major on once. We reject ninety dollars area, it's because we recognize that there's a lot of selling is in this, but they'll at the same time, doing a very good job, propping this one up this of all players in this.
If you read the SEC filings, you might know why. I was a little bit more short buyers on this today and yesterday, but just because they could do an offering doesn't mean they're gon na. Do it right away. We just kind of need to have that at the back of your mind and just know that it could happen, but you need a technical to set up for it again. You don't want to be fundamentally right, but technically wrong, so had a really nice day in this, both low and short. But let's see what tomorrow brings so, I think I'm having some issues with disconnected into my broker right now, all my executions are gone, but I have like some of the charts saved on this morning, so ceil DX, I'm basically just buying a tip. I level around 1350 area and then I think I got in right here. This is around 1350 and then added after the voting breakout and celled into the push towards $ 15, and I was aiming for high 15 around this pre market high area.
As you can see over here, so I got a support level and selling into the grip I didn't sell at at top, though I think I got out around $ 15 and then some more around here, 15 30s and I got stopped all over here with the Stock because of the daily charge, there's so many bag holders, I wasn't gon na hold it for and Oh Dave move. I think I expected every single push to be met with a lot of selling a lot of rejection. This is because the stock is on the back side of the move. Now, so that's why I was pretty nimble.
I did add some, but you know I didn't wan na. I wasn't confident that yogi give us an all-day move, as you can see, and we rejected via WAP overhearing, just kind of grind out here and never retested, the $ 16 highs. So that's a little nice winner on the day, taking advantage of the coronavirus momentum, the other one is one. I've been trading the last few days and I'm very familiar with the stock bye-bye.
Now this stock, I'm just gon na, say it's extremely difficult to trade, because every single rep is met with a lot selling on tape. Every time it tries to push to that night dollar area, there's so much selling but at the same time, every single dip like yesterday when we saw on wingtip to 750 s, that's where I was covering into my shorts, because a lot of people are coming in To buy the stock, so today I just want to be you know, Nimbo and scalp this one I and all you can see. I was up here around sorry, this area a 90's using the $ 9.00 resistance of my risk, because after this initial squeeze, I thought that was just you know, shorts covering, and we really need real buyers coming in to buy to move higher, which we have right. Now, but at the time that I was seeing a lot of selling again around that night dollar area, that's why I scaled him short, and I was all done covering by this point.
I wasn't gon na hold for in old days, move down to a downside because of how trappy this stock was yesterday and the day before this is my loser on the day, Marvell M RVL. You can see the stock. You know after stopping me out over here. Just moved up higher, but you know it's okay to lose, but you I'm gon na, do small. So with this one I I had a small ad here, but overall the loss was manageable and pretty small s. Tc was a small winner and they were added, as you can see, I mean actually because the volume was so thin. I sold out around 870 area SDC 880 area and then it went higher to $ 9, but I didn't hold that long way. Also, it just got sold off after that push there, and this is the execution on CNF.
I never got a fulfill on this because I was hoping for a path to to 40s and to 50s and never got filled so just a tiny short scalp from two 20s and added somewhere to tans and covering into 180. So only about 20 30 cents. Not much really worth talking about so today is definitely one of those days where a lot of small gains added up there wasn't any. You know crazy play momentum of all of us.
Kronor virus stocks is kind of dying out right now. So that's why you know. I wasn't seeing anything I love for a huge move, but on days like this is where you know we have to be pretty nimble, especially with sector hype kind of dying down. Now all the pushes are met with a lot of selling and especially with an NBC after-hours run.
So hopefully they'll bring us some more fireworks tomorrow, it's Friday tomorrow, so I'm not gon na push. My luck just gon na take my singles and call it a week.
hey, Humbled Trader, love your show, I just sold put CODX at strike price $4 and collect premium of $0.7 and expire in August, do you think the price will go down to $4 for this stock? thanks a lot!
what trading platform do you use? and what do you think about scotia itrade flight desk?
Today traders took profit from CODX and moved it to a similar play -AYTU, a provider of Covid Test Kit. It makes sense. Tomorrow they might do the same. Sell CODX, buy AYTU. (AYTU is awaiting FDA approval for its Rapid Test Kit). Today it went from 1.155 PM to HOD $ 1.90 and close at 1.58 with VOL roughly 60m. GL
Do you experienc non Stop unusual behavior while watching the Dom? It’s impossible to read the dom in 6e at the moment. Feels like gambling without thickness in markets. What you say, did you experienced such things and how you react to such days/weeks especially in corona virus time.
Well explained Humbled Trader and good trades. With the COVID 19 threat everyone will become home day traders … Perfect Isolated Job 🙂 We just have to remember to get outside get some sunshine for Vitamin D Intake and some skin color. lol Smashed that Like Button and it shattered on the floor destroyed 🙂 Have a great day trading on this Wednesday as Markets continue to fall… I am in INO Long but hurting currently
Not sure where this goes, so here I am. THANKS !
I signed up for your paid daily email list, and nearly every day,
IF I follow your rules, I pay for the months fees. THANKS AGAIN 🙂
what I really want to know is you mentioned fake hot sauce in a previous video and I can't find it so what is the good hot sauce again?? I want to try it..
I'm sad I was asleep today during the market open. Lost nearly all my gains on INO still made some money, but was so close to doubling.
how do you have the arrows on your charts when you buy and sell?
I was trading INO same time as you only long, and I wish I stayed in at the end of the day, but hindsight is 20 20, LOL
hi I'm Segar from London. can I access these penny stock from London. whos the best broker? thanks.
Off topic, just wondering if you have a video on counting PIPS properly ? tradingview still kind of hard to understand wit pips etc
Hey, are there any news subscription services you recommend? What's the best way to find the current short interest in a stock?
Hi
I want to ask why people buy yen because of this Coronavirus crisis ???
Appreciate if u can reply me thanks
I liked and subscribed
INO was very good to me, but nothing was easy this week because most stocks were dangerously volatile. So it was hard to be tight on my stops. But then I got burned a couple of times waiting too long to sell. TOS has been real slow this week and I was losing to ridicules slippage. I could click to buy at $9 get filled near $10, sell at $10.50 but get filled with a $.20 loss if I’m lucky. It was better to buy stocks that were grinding up slowly looking to be in the trade when it gaps up. Tough week, but it did teach me to be more patient.
Mei-Mei… why do you not trade options? very fast in late and out early. I trade TQQQ often for big gains quick and put in trailing stops when running up
2/26 I had 2K shares in CODX @$8.41. Rode into halt, halt lasted 10 min into close. I get nervous. Set a sell in AH at $9.50, 100 shares sell. Move rest of shares to a sell @ $10 thinking no way, later those sell. I wake up on 2/27 to $16 at open. "/ You know the rest, it went to $19.68 that day.
Hey! If you don't mind sharing, which broker do you use and how much do they charge you per-trade or share? I'm trying to find a new broker to deal with, here in Canada; One that typically caters to day traders.
Thanks for the video. I need more tips on how to trade more consistently. This has been one of my biggest struggles.
You are a ray of sunshine… you make me happy inside. not sure where inside but I know its there. lol
If you would have identified INO properly and traded it long correctly, you would have had a very good trade/ week. Way to much jumping in and out of stuff. You are human and will make a mistake and get caught. You have to have winners that run. Run big, to make up for human error. Very rare to get that opportunity intra day. A wise person learns from experience, a wiser person learns from others experiences.
Does anybody know good online brokers for beginners in europe? Who want to trade US stocks
It’s good that you seems cheer up after the bad day. As your student, thanks you a lot and I also try to have my channel after following and learn from you. It’s a Cantonese channel for Hong Kong local.
I see you often show us the 3 minutes chart. Do you use it also to trade ?
So this is what happened….
9am: Open up all the charts, check news, revise on my plan.
9.25am: Getting all nervous and excited waiting for market to open and apply my trade strategy.
9.30am: Feeling anxious and watching the chart closely…
9.40am: Not moving….
9.45am: Still not moving…. (refresh refresh refresh)
9:47am: Wait, it's Saturday 😂
I’m Waiting For CODX To Get Those Test Kits Out To The Hospitals. So The Stock Can Sore Up Fast Or Little Slow..
It'll be good if you talk about position size and how much you made/loss
INO, holding 170 short over the weekend. Same on APT, short since 16 and left 100 short opened (some much room for dump on APT)
Great Video. I have Think or Swim how do I get the "market clock"?
Also do you have any advice on a better brokerage account I should use ?
Hi I’m new to stocks like just started looking at them and I use Robinhood do you think it’s worth 14 per share for ino? And also what do you think of SPEX and China SXT pharmaceuticals?
You all of my losses were bc of my irrational fear of missing out on a trade. In most cases I felt like I was gambling on those trades. Do you often get those same feelings? (Ive only been doing this for 5 months consistently so I’m curious of my growth)
I can see some sadness in your face. Don't worry you will take double profit
you should move to options. I used to trade like you. lower stress and bigger gains