Hey guys hope everyone is ending the week green um. I was actually really excited today this morning, when i saw a lot of the wall street bed stocks like gamestop amc costs, a lot of them were gapping up today pre-market. So i was looking forward to trading them and mostly longing on the dips, so it kind of turned out to be a slower day and i got chopped up a little bit too so end of the day with a smell green. So let's go ahead and talk about um the first stock i traded, which is actually gamestop, so i kind of been trying out on slower days to trade on the five minutes um and that worked out pretty well today.

So you can see on gamestop uh, even though we gapped out to 200 um pre-market, we kind of had a decent profit taking, and i was longing around the 192's saying we're gon na reclaim v1 and go back to highs. It did look kind of weak on the five minutes and i was gon na get stopped out on the small size if it breaks previous day closed uh, which you never touch. You can see this dotted line. That's the previous day, closed, um, also known as the red to green level.

It never it never touched that, but it was also kind of weak at the open. So i did, you know, stop out break even pretty much. I didn't go back long until we really reclaimed the wap on the five minutes, um that i've been using the five minute chart, for you know, confirmation just to make sure i'm not getting chopped up in a lot of these uh up and down action with a Spy, the last few days, so you can see after v1 reclaimed on the five minutes. That's where i got long and i was selling pretty much into the pushes.

I didn't think we're gon na go um to 118 and 120s. So i didn't. I missed a lot of big moves but at the same time gamestop. The action today was a little bit strange because, like i said it was so weak off the open.

So i didn't have the conviction to hold it through that long. By the same time, i also didn't short the stock in hindsight what having a nice shorts around the 215s area um, but while i only traded gamestop on the long side, um the other stock, that's also the wall street bed sector amc. I also was trading this one on five minutes. I did go long on the front side and once that you can see viwa broke down around midday.

10. 30. 10. 20.

That's why i'm flipped short! I was long over here for tiny, tiny bounce place off the open, um very similar ideas gamestop. I loaned some here around 1120s sold for like a quick 20 cent. Scalp and the better long would have been down here around the around the i got some around 11, 10 and 11, like 11. By the time like i said it was so weak with gamestop.

It really looked like they were gon na. Do this crack uh red to green crack and go red on the day? So, that's why the second trade i stopped off for a loss uh there was midday where i thought we were gon na set up for another long again i did get in and i did lose again on the long trade. That's why i flipped short realizing that there was a lot of selling around the 1120s area you can see. We couldn't even break above 1120s on the five minutes.

It stayed below view up the whole time and that's where i started scaling. In short, when trading these names that follow uh, gamestop uh, really the entire uh wall street bed sector, if you look at gamestop around this time, uh, i guess 10 40 on gamestop. It's also when it started rolling over around. If you look at the the chart - 10 40 around here, it's way a cracked v-wap for like the third time and this time it really flushed under five minutes.

So that's the reason i was scaling, amc short and once the drift to green crack. That's what i started adding into um the short play. So that's that's not one advantage. You have when you're trading these sector stocks, you can watch the leader of the sector and use the price action leader to kind of get a direction or like a feel for the followers.

So that was something that we did for you know the nft sectors with tcat ocg and a couple other names, but with the wall street bed sector, it's like its own little little um hype bubble um. So it's like that's why you would trade this. Similarly, or at least i did uh looking at the leader what's doing what the price actually is doing and using that to trade, the followers um. So that's what i was doing scalding around the 1090s um.

I didn't get a huge crack, because i was thinking that if we flush we can go to like 10 or 10 tens, but we didn't get that so i was covering the majority here. Around 1060s, my best cover was 1050s because it started holding and consolidating. So, even though it did go, you know 10 cents lower it's just kind of holding around the 1050s area. Now, i'm all out of the short amc.

I overall i lost on a long side, but made money on the short side, but for gamestop i made money on the long side, the other stock i traded. Also on the five minutes, given the a little bit of a choppy market, we had was d-i-s-c-a so discovery inc, and you can see this stock has multiple days of sell-off on the daily charts here, all the way from 70s down to 45 today. So that's a massive sell-off, but if you look at the stock you know it took maybe a month to go from 45 all the way to 75 and it took three days to to kind of fall back to where it came from a month ago. Um.

So this is why um you know bulls: they take the stairs and bears take the window um, but today i was looking to long off the reverse. So after you know, after this huge crack from 58 down to you, know basically 43 dollars. I was looking at the stock on the five minutes again, you know, given the choppy market condition, i do use five minutes to to enter and exits like i did today and historically speaking, i know in the past on fridays is when i get chopped up the Most, whether i'm long or short, so you know switching to five minutes on days like this really helped me out a lot. So i was looking at the five minutes, i'm d-i-s-c-a um and if you look at a daily chart, there's some decent supports on the lower 40 dollars or like 43 44s, and that's why the stock got bought back up around the 43s.

And that's where i started getting interested in along for the reversal uh. I was thinking that you know. If we long around the 45s, we can get decent push to. You know v1, 48, 70s and 49s and then it just got super choppy and i did start in long.

I added more here on 46 30 that gave me an average about like 46 31, something like that sold some into the pusher on 47s. It had a bad ad around here. I don't know if you can see the candle here. I added around 47 thinking that we're gon na get a big push towards.

You know 48, 49s and potentially 50s by the time the market was so choppy um. I was looking at spy and you're just like up and down up and down. You know it was a lot of panic selling, so you know so. Unfortunately, even though i did take some profit on 47s, i got stopped out pretty much for break even around this point: uh 4660s and then over here 46 dollars.

Uh remember my average was forty six thirties, so i got stopped up break even after a small profit. Taking i did go back and after seeing that, okay, no, i got stopped at the very bottom and we reclaimed, so i would have got in long smaller size this time and by the time i sold into the pushes around 48.. There was a chance. I thought we were gon na get a massive big move towards 49, but looking at the market condition today, which is, i don't think, that's gon na happen um.

So after i got out of 48, you can see the stock just like slowly drip back down to where it came from a little bit difficult to trade today, like a very choppy market condition, even though the hyped up sector like the wall street bets or the Nft stocks, there was some interest in the stock and we were watching it, but it was definitely very choppy, not a lot of range today. Yesterday riot, i was watching for the long because you can see this huge gap down from previously close of, like 46 down to pre-market 39 with the entire market selling off. So i was looking for the long to push back potentially towards previous previously closed. Now, even though i didn't get that far, you can say i started in very small pre-market, while i'm trading long or shorts.

It's always like super super small size, and it's only after at the open. We got a nice push above the weapon, strong volume candle. That's why i started in adding on the long side. You know 42s and then 43s sew something in the push i did get chopped up again over here.

You can see a lot of these like stop-out candles, just to make sure i'm protecting my downside in case this is just like a quick rejection. We go back to the low of the day, so i did get stopped out here twice and i did go back in again around the 40 42 4180s area and it got some nice uh push towards the 43 50s and 44s the stock. The thing with riot is that not only does it trade with spy, i also trade with btc futures. So that's why you know that's what gave it the range that it did.

It was very volatile yesterday and even though it did go all the way back to previous day, close 46 and even higher later on, where i scaled, a tiny short, but midday, it did was really choppy. You can see this wide range of upside to 44. Slam back down to 41 and back to 44 and back to lows again, so that's why i didn't stay with it: the whole day um, even though the big move was to the long side um towards the 46s and above um. I think this whole week has been kind of a little bit strange, like very volatile, like up and down up and down roller coaster, um in terms of the market conditions.

So that's why it feels like a scalp week. I think um it's hard to it's hard to hold for the big move, whether you're alone bias or short on on days like these. So if you guys have any questions regarding trading in general um, given that i haven't answered it a thousand times i'll i'll answer them in these uh q, a sections, okay, so question from raphael, um he's asking: do you think it's better for a small account to Be trading on five minutes and 15 minutes because he cannot handle the emotions on the one-minute charts. I think that's a good idea to not use one-minute charts when starting out new, i used to use a lot of three minutes and five minutes.

I don't like to use 15 minutes because that's too takes too long of a consolidation um, so i think five minutes three minutes are good ideas. I think this, the other one is for small accounts. I really don't recommend trading small cap low floats. But again, that's my opinion, because on smoke have low floats, even if you're using the five minutes, it still would look really random and very like up and down and like especially if you're a low float um the action could be like very manipulated.

So that's why i still recommend like mid cap and large caps if you have a smaller account and especially if you're new, so we have a second question from jake uh he's asking if i use um stop loss on dash trader and the answer is yes absolutely So i use mental stops, so i'm in partial size and hard stop, so i'm in like half size or full size, but the thing with the people setting stops with a percentage. Is you when you set percentage, stops you're kind of setting like arbitrary numbers um the stops need to make sense according to the setup, let's say: if i'm long, then my stops are below you know key support levels. If i'm short, the stops are usually a high of the day or key resistance levels, so i don't use percentage stops. I use actually like price level stops and i'll adjust the share sizes.

I take according to how much uh per share like how many cents or how much dollar per share. I have to risk, so i don't use those percentage stops because a lot of times that's how you get stopped out right at the bottom. So that's my thoughts on that. I think you should be varying your share sizes according to how much you have to risk instead of using, let's say a set: five percent stop for every single stock you take, and especially when you're trading, some of the large cap names if a stock is gon Na move like a dollar two dollar five dollars, you can't set stops for ten cents right and same idea as the low float small cap stocks because they move so volatility.

You can't really just risk five cents. You have the risk according to their range of the stock and actual levels, so you can't just say: oh a thousand shares for every single kind of stock. That's what i mean by risking and sizing according to um, your risk levels now. The third comment is from andre, so actually it's not a question but a request to move kind of, like my my bottom window blocking the volume i've been seeing a lot of those requests and that's why this time around, i am changing the layout of my screen.

In order for everyone to see the voting bars, so thank you for suggesting that so a little bit of a choppy action this week hope everyone stayed safe and uh. If you have any questions, feel free to leave them in the comment section below. Thank you guys. So much for watching and i'll see you guys next time, hey guys thanks for watching.

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