Hello, everyone hope you had a great weekend, a little bit of a slower start to the week. So far today, on monday, obviously over the weekend we have the spce virgin galactic successful, launch on one of the test flights and that's great and all and the rocket took off into space. It was all good, but unfortunately the stock did not do the same. If anything, the stock spce tried to take off by the open and just had an emergency landing boom, and that's why i'm wearing this shirt today, no bounce city without further ado, let's just dive straight into the trade so svc.

This is what i was talking about on friday: the clothes kind of weak around 49 dollars - and you know over the weekend on sunday it was where um they had a successful launch. That's great to know you can see the stock gapped up pre-market to about. Like 55 dollars and just slowly faded off, if you guys remember from last week's recap, i really talked about how i would be more bearish on spc after the launch, especially if it becomes one of those sell. The news event - and that was true today - not only was it sell the news event, but also they filed for a 500 million shelf offering today this morning pre-market, i think, just a little bit before the open, and you know it's.

I am really like sad looking at this because i didn't want to chase at the open. I had thought that it was going to pop to test at least the 52s for a more better risk reward short, but you can see at the open. Listen just tried to take off like a rocket at the open from 51 to 51 50s. Try that little little pop and just couldn't couldn't break out to the stratosphere, so it just tanked um to previous days closed and um tanked from 49 down to 46..

This happened within like five minutes of the open, it's very difficult for me to short and chase into the weakness, so unfortunately i didn't catch any of it until this big bounce around forty four dollars and fifty cents on the five minutes, i had waited for to Tank to from 46 down to 44 thinking that they're just going to retest the highs to 48, or at least previous days, closed 49 dollars, but no it just. It was just extremely heavy, like i said, no bound city um. So i shorted some into the pop 4450s. I even added into the weakness.

I was a little bit too aggressive on the ad, so i took some profit here. I re-added here. Basically, while i'm shorting, when it's already so low and ssr is already triggered. When i show these stocks, i'm going with a lot smaller size and the weight for the intraday resistance should show up, you can see in this case it pretty much lines up as vwop around 44.30 um.

So, that's why, yes, i did short add into it and i reshored it. I had a bigger around 44 20s on these, like many many bounces, and if you notice on the 44s, that's where the stock really struggled to hold. Yes, it broke out the 4430s and tried to like consolidate it on 44. She just tried so hard and i just couldn't couldn't do it.

I tried for a while from um, 10 30, all the way to really 11 30 when finally gave up and at the time same time i also gave up, because i got too impatient with the stock um. The whole thesis was yes shorts around the 44s, but i was looking for the fate, which is doing right now to 41 dollars and potentially below 240.39. So there might be more play on this in the afternoon. But for me it's really hard to re-short into this kind of weakness like this um.

So, yes, i did cover into the flushes um covered. Someone seemed like it was going to break out and reshorted it around 43 30s and also out most of it 40 to 90s and had a final scalp around 43 90s covered in the 43 20s and the stock. Finally cracked another half an hour later. So this really could have been a bigger trade for me, but instead i kind of just covered for, like smoke, profit um a little bit frustrated with that, but at the same time yeah.

I i just it's just very difficult to short weakness for me, because i'm always get scared of getting trapped in these kind of short squeezes. Next stock is spi on the short side. This is a small cap stock that i've traded many times in the past. On the short side, uh - and the reason is because each time it gaps up, it's very clear on a daily each time it gaps up to around over here so 11 and 12s.

It gets sold into and tanks again around the same level, nine dollars 850. Each time it gaps up it tanks, so i think i was sure on this day. With this thing i don't quite remember, but you can see it's exactly the same area so today this thing gapped up, i didn't short it at 12 pre-market. I was waiting for it to show um a clearer direction, but you can see in pre-market.

It went from seven dollars to seven nineties, almost eight dollars, um, that's kind of the area i was looking at for a potential short. It didn't quite get there at the open, just tanked kind of like spce um. So for me when it feels like i'm chasing the shorts. So i had very, very partial positions: 740s um.

We showed it around uh, four, seven, twenty seven twenty fives. So, after all the the short the chase um, i had an average about seven thirties on small size i was covering into the flushes covered um, seven, eleven, seven, oh 708, and the best cover was 703 and once it's in popped overview up. I just i just put a break-even stop on this, so i just got stopped out um over here and you can see after i get stopped out. This thing went a bit higher sure to 735s and then just tanked even lower down to 670s and 640s.

So um this is and also another case of no bounds city, so another trade i did is on the long side for a loss. So mtsl this thing, um, it's a very, very low, float. Um. I was thinking that we're in the current market environment, where we're seeing a lot of these um stock, is up on no news, but relatively smaller float, that's kind of continuing for for day, one and day two breakouts, some good examples are m-r-i-n c-a-r-v, and today we Have um what um that's like sgoc, so a lot of these names were up and no news, um they're purely just up on hype, and a lot of these are small cap momentum place with high volume.

So mtsl it's a loss. You can see. I got i lost about 40 cents, a share. I got in thinking that they're gon na curl up and consolidate above v-wap and squeeze out to potentially higher days or you know even higher, just didn't work.

I didn't buy the breakout at the open. You can see this thing tried to test. Eight tens tried to test um 890s at the open, just dumped all the way back to like uh, 690s and seven dollars, and i like this low higher lows around sevens and that's why i got in um 737. I even added 740s, but with the stops under seven dollars that just didn't work, so i got stopped out here: um around the 692., so for a loss lost about like 40, 45 or 40 50 cents a share.

So that's my loser on the day and it was on the long side. So that's a little bit frustrating taking in loss on this um, but the other stock i traded. This is actually my biggest winner on the day. Um, it's a on the long side.

So you guys know that i'm very familiar trading, mrna, moderna um and on a daily chart. This is a very bullish chart, so you can see higher lows on the daily. When went um from 160 broke through prior all-time highs, 180s went to you, know, 227's. Had a dip around 195 reclaimed 200, and now we are again today: testing all-time highs breakout, so i actually wasn't watching this as main watch until um.

It triggered one of my alerts around 130 fours over here 134s. Why? Why is that level? Like the level? I have alert set because that's kind of if you look at the daily chart, ignore chart the chart today that 134s, that's the prior resistance here right after the stock sold out from prior all-time highs. 245 all the way down to consolidate 130 130s. You have to see this mini pop over to 135 134s, so that's kind of the resistance area on the daily.

In order for the stock to break out above it and go test the prior all-time highs, it needs to break above this resistance with volume. So i had a trigger set and i see the volume coming in ideally for moderna. This is still like, not the highest volume i've seen so when i see a stock that yes, i'm interested in the long, but the volume is not there. Yet i go in with like a structure size so starter around 1 34 and then once it starts.

Holding up this is where i keep on saying on these large cap stocks. It's okay to buy high at the breakout and buy even higher, as the trend continues. So decent entries, small size and i didn't add until once, it's holding over 136s and that's where i got to most of my size, 136 and that's an average after that i have 136 average um decent volume and then selling volume. If you look at on the bottom of the charts is relatively lower than the buying.

So that's something you want to see if you are buying for these kind of big moves and big breakouts um. But for me i was looking for even more volume on majorna which, on the big breakout days like this day, and especially in this day, it needs to trade a lot higher than just 100 140 000 volume. Every two minutes. Usually it needs to trade.

Double that amount to continue the very clear breakout. So that's the reason you know. Yes, i sold some into this and sold even more and added back one at 130, 790s. 138.

Pretty much for that little dip, and i was that's the reason i got all of it at 138 90s. This is still a decent play along from 134. So that's pretty much uh three dollars a share average after my full size here, but i wasn't convinced that it's just gon na go straight to 145s, which it's doing right now, but on extremely low volume. So when the stocks are trading, these kind of low volume and just kind of chopping on the way up, it really could do to just keep on doing the chop up or they can rock pull midday with the low volume and just drop.

So i've seen that on mojina before so that's the reason i was kind of trying to be more cautious and just be out at 139 and uh yeah. This thing is just literally just grinding up to all-time highs and if you look at the the chart for the volume um right now, it's trading at 20 000 shares only every two minutes: that's very low for a large cap stock. So that's the reason i just kind of took um the profit and didn't let it ride out, but we'll see, i think, um. We might see more play on this tomorrow on moderna and also spce as well.

Okay, it's time for our q and a's. I do realize i haven't done these q and a's, where i answer your questions for a while in the recap videos. So if you have questions - and hopefully the ones that haven't answered yet, please leave them in the comment section below and i'll try to answer them in the next video okay. So the first question is from peter: oh, i see you're watching a bunch of stocks at one time if you see a setup forming on two different tickers, do you execute on both or if you are in one setup at one time? So for me, i'm very comfortable executing on two setups or three, sometimes even at the time.

Just because i have that's the beauty of having multiple screens, so you can watch them all together, um and that's really really the big reason people have these screens is so you can watch like up to for me. I can watch like 10 15 socks at a time and if i see a setup for me i'll execute them on my execution screen, so i'm comfortable executing two or three at most. I try not to go above three, usually that's where things could happen and, and i make mistakes but uh two is a pretty good number three at most. It's rarely that i go over three at a time unless i just have partial positions left, but if i'm full size i prefer to just have two at most at one at any.

Given time i mean, but i think if you are brand new trader, it's good to just focus at one at a time um. I think this will come with um experience once you are comfortable, you know, entering just one stock and taking profits and watching the price action you'll be more comfortable slowly, with kind of expanding to maybe two trades at a time or even three. Eventually. Second question is a broker question from ocean k.

Shea. Thank you for the video. What is the best broker you suggest, except for trade, zero and trade station, so the broker i use? That's the one you guys see on screen right now is cobra trading. This is a broker account.

I have with the most amount of capital and it's the one i use day to day for day trading. So if you're interested in signing up, they only take accounts over thirty thousand dollars above pdt. Of course, if you're interested in signing up you'll get 25 off your commissions, if you sign up through my link down below and again, i use this broker personally and it's a great way for you guys to get some discounts on your commissions as well. Some other brokers, i also recommend, are center point securities or interactive brokers, so those are also broker accounts.

I have, but i don't use them every single day. Final question is: where did you get that shirt? I want one these t-shirts, including the one i'm wearing today, short squeeze city and all the other ones that you've been seeing in my last couple of recap: videos. They are exclusively available on my website, humboldt trader.com. These are really fun designs and i hired an illustrator to design exclusively for us, so i think it's really fun.

If you guys want to check them out, you can check them out on my website again at humbletrader.com. Thank you guys for watching. As always, if you guys have any questions, you can leave them in the comment section below and i'll try to answer them either. Just replying your comments or in the next recap, video stay safe out there 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,.