🔽Time stamps:
0:10 $SPCE stock buying parabolic moves. $GNPX
4:04 $LK, $MYO breakout long set ups
6:44 $STMP $CAR buying stock earning beat. $SPCE short parabolic selloff
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$SPCE Virgin Galatic stock has been one that gave us day traders tons of range both long or short. I've been a buyer on dips and swinging this one long until this week where I sold all my $SPCE swing trade long.
Parabolic hyped up move to the upside on stocks like $SPCE will usually give us the same parabolic downside. Same trading set up as we've seen on $TSLA stock. So for the first time in the last few weeks I started shorting $SPCE stock on the backside after the blow off top has been set in.
$STMP $CAR stock earnings were good long trades on the breakout when both the technicals and fundamental news align together.
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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.
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0:10 $SPCE stock buying parabolic moves. $GNPX
4:04 $LK, $MYO breakout long set ups
6:44 $STMP $CAR buying stock earning beat. $SPCE short parabolic selloff
📧 GET my Daily Watchlist + Trading Plan
▶︎ https://humbledtrader.com/watchlist
Sign up for my FREE weekly watchlist
▶︎ https://forms.aweber.com/form/72/1017244872.htm
Interested in my private Day Trading room? Join the wait-list here
▶︎ https://forms.aweber.com/form/12/122701512.htm
$SPCE Virgin Galatic stock has been one that gave us day traders tons of range both long or short. I've been a buyer on dips and swinging this one long until this week where I sold all my $SPCE swing trade long.
Parabolic hyped up move to the upside on stocks like $SPCE will usually give us the same parabolic downside. Same trading set up as we've seen on $TSLA stock. So for the first time in the last few weeks I started shorting $SPCE stock on the backside after the blow off top has been set in.
$STMP $CAR stock earnings were good long trades on the breakout when both the technicals and fundamental news align together.
How to Trade Part Time with a Full time Job
▶︎ https://youtu.be/wHK7RDG_-x8
Day Trading Lingos for Beginner Traders
▶︎ https://youtu.be/O2QOz8igtpQ
🖥️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: 64,500
Had a really good day with lots of really good ranges, starting with us, Tuesday, it's also a shortened week, so I'm for us to get this kind of action right at the open. It was incredible, so the two stocks I was playing today was spce and also GMP X. These two were both stocks on my free weekend, Watchers and I planned it all out already over the weekend. So come Tuesday morning.
I'm just executing my plan that already worked out over the weekend: nothing new, there's, no, no such thing as just jumping in and just see what happens trading according to my own plan and in the long run, if you plan all your trades and you trade according To your plan, you welcome out profitable, so the first trade on the day was GMP X. This one I actually started pre market. The idea was to long the dips risking $ 4, and I was actually looking for more of a flush towards the previous day's close to add to full size after the market opens. But we never got that you can see the stock already started, squeezing right before the open.
I think 5 minutes before the open, and I would just look yourself in some pops. You can see we never dipped after the market opens the stock, just kind of started. Working right away, pretty soon after I got into my position here on the dips, and you know, of course I've missed a lot on the upside actually was thinking we would get four 80s or $ 5 at most, and this wet candle on the second wick stopped Me out right here and in hindsight of course I should have led the worst, even with just a smaller position, but you know what I could have shouldn't so the next stock over there was spce. This was has been an incredible one that we've been playing for the last week and a half just on the long side, mostly and also swing long as well.
So today was a day we locked in all our swing position long and it gave us a lot more than I expected. I thought we could get $ 30, most swinging from pole, away from $ 22 that that was morning enough for me, but today was just incredible. I believe the stock at this point had about 20 % short. So if you look at other stocks, we've seen in the past, like clvs and our ad and really recently Tesla, it played out almost exactly the same way.
Parabolic run on a long sight on the front side and then we're gon na have a parabolic run to the downside as well. So look at those charts I just mentioned you can see a a lot of the similarities in price action, so I was long on SP CEO day. I was not sure that I had some located short, but I never used it. So just really.
The idea is just a long extended, sell offs towards the $ 30 $ 30 is the key area I'm watching on the daily chart, anything anything above it. I comes today, polish, I'm just lonely all the dips and selling into the ribs, and it's never a one entry in and one entry out, I'm also adding into a lot of my core positions and building a solid position on the dips on the long side and Sell me into all the trips and, of course I never sold the top on. My best sell was around here 36 dollars that so that's something for me to work out. I'm selling into the the major reps instead of holding on for too long. But I was thinking we can potentially touch $ 40 and that's why I didn't sell anything up here, but I was all out on the front side and then, when I'm break and I came back, the stock was selling off towards midday and you know I just Lonely, no tips again doing the same idea, I'm not doing anything. Fancy lonely native's towards a thirty dollar area that was original watching. So I'm just doing the same thing, really lonely, no tips towards a thirty dollar area. Also, previous day's close, you can see how this wick literally touch the previous day closed area and got bought up really quick and that's where added back to full size and even full size in an afternoon trade.
I don't like to use from the same size that had in the morning I already made money on the long side, so I'm going back, I'm only going back with a lot smaller size and just never gon na outstay. My welcome so just lonely. A dips and selling a drips on this one, I'm looking forward to see how this pans out tomorrow, I think you know we're gon na get one of those. Our ad and Tesla parabolic down site now so it'd be really interesting to watch how it goes from here for spce.
Let's talk about my on the day: okay, first so LK was a stock they've been watching since the weekend. It was also on the free weekend. Watchlist - and I was really polish on it once we breaks the forty dollar level, we have a lot of room to the upside, so we were not reaching a level yesterday on Tuesday. So today I was looking to play the continuation and you know I was patient waiting for the dips, but you know I got stopped out way too early over here and in like I was trying to give us some room to work around the previous day.
Closed area also the 40:30 area, but actually stayed extremely heavy, so I got stopped all over here, so I took a loss on the long side on the first trade here, but you know I was able to rethink clearly and I tried to engage a reentry after We reclaim vo op, add it back in and then you know the thing with me is that I understand myself once I took a loss on the first trade when I come back, even though I had you know in hindsight, of course it looks like you know. Amazing entries and amazing ads. I really sold way too soon, and especially I had already prepared for it. I know the stock has a lot of upside to brown on the daily chart.
I shouldn't have just sold it this soon and you know so that's something. I definitely need to work on. I guess the bass best sell on this on the day trade would over here - and this is where I was started - adding some position on the swing. So I have some here and some here and also had some more on my actual swing account at the end of the day.
So, overall LK, you know it's just a small win even after this and the swing trades. But you know I definitely should have performed a lot better, I'm okay, next stock, my oh, the first trade was also a loss. I accidentally showed it and I had terrible films as you can see. So this is a scratch trade and took a loss on that. But the better trade was later on the long side after we reclaimed the you up and there's a lot of momentum coming in volume, just tiny scalps. If you look at the static chart, it's a what we call a bag holder, chart lots of dilutions and lots of lungs trapped in here. So today, whilst a my welcome just loan for a little a few quick scalps and I was able to get out before this, heavy selling back down to fee walk so saved myself a little headache on this one. Overall.
What I've realized is that whenever I had a really good trading day - which I did yesterday the next day a lot of times - and I guess floppy as you can see with my entries and my fills and the same thing - okay, so that's something I've noticed about Myself, my own trading style. So that's why you know once I kind of recognize that hey I'm getting sloppy, you know I'm not as precise and as patient as I was earlier. That's where I kind of taken step back and just to be a little bit more careful before I jump into any trades later in the day. So we had a couple of earnings play today, but the biggest play today was spce again before the first time ever.
I started shorting the stock today walk over that in a little bit. Let's talk about my other two earnings. Trade today stems calm until they had an amazing, beat down earnings, look at the state, each art, what a breakout and what I was doing really was. You know I never really got to folks eyes, because the stock, literally just after it breaks above the pre-market highs it just took off, and I can't there's no pullback whatsoever and for me to add - and you can see - I didn't sell it top.
I never sell it top right, so I had a starter size and I scaled out here and then I got stopped out by my stop-loss, which you know in hindsight, of course was set a little bit too tight. The stock went all the way to 159. After that, I got stopped all around 147, but you know I never got back in after the initial size, but they're just a little play on the day. The other will earnings play was car, so similar idea, breakout, charts on the baby, this more range over there, but nice breakout similar setup.
A stems, calm earning speeds, the numbers were good, so I just plain after we broke above the key level this. This is $ 48, a level from the daily chart, so you can see all the way back there once we held on level. That's where I started scaling in and adding back to full size after we known reclaim the speed whap. I liked this little push towards the highs and then pull back, even though we pulled back.
We still held a key level, and that was what I was looking for on stems calm and we never pulled back for me to add, but for car we did and that's why I started adding and added full size sold some and so somewhere here and then I got stopped out with my stop-loss on my final piece, so two very simple, but pretty clean trades, the other one I was my main focus on the day was spce. I was long this one early on, but I was thinking today might have been the day that we start selling off, because the telltale was, you know the pre market action we squeezed all the way to $ 41, but we this action from 41 all the way Down to 3 6:35 tells me that you know we could there's still long opportunities, which I did on the front side here before we turned red, but that just kind of tells me that I don't want to be too long by estándar be ready. If the tide turns to the downside, because after all, we've been going parabolic for about two weeks now and even after this blow off candle that everyone thought was the top, we still went a little bit higher today. But you just want to be cautious when you know the action starts becoming kind of frothy, so I was lonely in the tip cell into the ribs. I got a little bit chopped up here because I keep on thinking that no especially after we put in this wick here now tells me that hey there's a lot selling here, we're not breaking with as much conviction as we had the prior days. So I got chopped up a little bit here long term and you can see I'm really quick to sell just in case this kind of stuff happens and that's what I was prepared for. These are still long. So I was just lonely.
The extend ourselves and back towards the Viwa the stock gives a really good range, whether you're, long or short. You have in a really good range for like a dollar or two dollars for every single move, so these are Long's all the tips, and this is where I started shorting on this bounce after we went green to red, pretty typical textbook setup. Well, after we go green to red on the day, you know you short, the bounces risking the previous day close and that's where I was when short cover into the washers. Again, I don't want be you know, to patients and to outstay my welcome on this kind of stock.
If, especially when tanked from 39 all the way to $ 30, then you had some reshoot on there really quick to cover, because I didn't want to get chopped up in this kind of action and then we just kind of started fading off. But you know I like to trade the first two hours three hours of the day, and I don't like to trade in afternoon. Unless I see great a setup and I didn't see anything near the end of the day.
I got some shares of OXLC on the recent dip. Take a look at OXLC. Could be a good swing. I'm mostly interested in passive income personally, but if it gets up pretty high I might just sell.
Can I get your advice on platforms? I have 2 ideas. First option is to use Think or Swim for charting and Interactive Brokers to place orders. Second option is to use Trading View or Stock Charts with Interactive Brokers. Please let me know your thoughts when you have time, I would really appreciate it!
How do I Access your free watchlist? Thank you!
Hey Humbled Trader, quick question here. Would you know the advantages and disadvantages of trading under a corporation name? If any, also out of curiosity what do you trade under, corporation or just by individual?
Thank you,
I’ve quit trading, just waiting for the Lamborghini delivery video.
Thanks for all the content Shay! Just recently started watching your content and also love your sense of humour. Keep up the amazing work 🙂
Great video! Definitely gonna help with my Lamborghini 💰
Markets slammed this morning but perfect for short entries. Smashing the Like button is fun 🙂 I need a bigger cup of Java… double double.. Have a great profitable trading day Humbled Trader.
Damn going to be parabolic losses today for the swingers…..24/2/20
Love you girl 😘 excited to wske up at 4 😁
What are the chances we could get copies of your Google Sheets to track progress, previous wins, losses, etc. 😀 I've watched quite a few of your videos and have seen you post a few!
My favorite setup is the parabolic one. Easy money!
You are soooooo correct! I love you mind. You are talented
Hey HT, thanks for the video. Gotta question, what is the Platform you trade from and that you use in your videos. Thanks in advance
Crossing fingers that galactic 🚀🚀🚀🚀 high
c'mon we need this in real time..blah blah blah! Everybody is a million dollar trader online!
Still waiting for that ultra wide monitor of yours in the video 😆😆😆
good video , just English is poor , hard to listen , please speak little bit slowly , Thank you
I played MYO. Gained .45 a share, with 3500 shares, on MYO in sim, gained $444.
You didnt mean to say that you was risking 4 dollars on GnPX, i hope you meant like 40 cents!!! Good video
How and where do we start when we wish to look at trading ourselves starting from scratch no knowing much? I am in IT but want to learn something new.
what is the ticker symbol for parabolic again? Thank you for the great analysis!
Good start to my monday by watching ur videos! Been on the lookout for these tickers!
How many stocks do you typically watch at a time? Also, do you regularly make trades before 5am?
I tested the water, with my big toe, I grabbed 100 shares of SPCE one minute later I sold for a 100 dollar profit
Are you hoping to one day replace your trading income with youtube income? I noticed that videos about finance and money have been trending lately. Is trading something that you will continue doing regardless of how big your channel grows?
非常喜欢你的视频。我有一个关于德州扑克的频道。刚刚开始。欢迎有空来看看。点我的头像就可以
Hit the "Like" button before video even started.
Another great analysis i keep watching and trying to learn it is little overwhelming but i am not rushing i hit the. Like button and HT have a great week. Mahalo