Man, please get yourself some diamond hint uh. I don't know about you, but there's no diamond on my hand, so we had a slower monday for a change which is kind of nice. Actually because uh things are not as crazy as last week. I can focus on just one and two tickers at once and uh just a lot less drama, so i kind of i kind of appreciate it and i traded a lot of things on a long side and a short side um.

So let's go over this. So the first stock i traded was fun p-h-u-n and it was indeed very fun to short the stock uh. You can see um the stock gapped up um pre-market to a high of 380s, but we slowly faded back down to around the three dollars mark pre-market and that level tested once and twice um. You know if it continues holding and you know curl up higher.

That would have been a decent uh long trade to see the upside to pre-market, but just kept on failing this three three dollars mark. As you can see. That was also like kind of like the after hours levels on friday, uh and once that level fails um. You know i didn't top ticket, but i waited for confirmation once that level fails at three dollars about.

I guess 10 minutes after the open um i scaled in short, slowly, um, shorter 290s and then after the recurl, uh reshorted again two 90s and you know basically seeing the v wap rejection and this thing just faded down to 260s um. And then i really showed it so i'm thinking that we're going to fade lower but uh and once it starts holding, i would just owe out, but you can see it tested a low of the day, which is a 240.. So you know smaller range on this. Really cheap name so um, no, not a lot of volatility, which is good, um, so uh, it's good for my heart.

Okay, i cannot handle that sort of a crazy spikes anymore uh. It's also a higher float stock, but this is a pretty straightforward. Trade basically waited for three dollars, um key level to break down and then shorting against that level, um and v1 failed and then just downsized so um. This is a pretty simple, pretty easy trade.

Next, one amc, so you can see this one also gapped up overnight from a close of 13 opened at 18. This morning, amc entertainment. You know nice recovery, you can see this thing dipped down to 14 and then reclaimed back to a high and into the open. We spiked to a high of 17s and actually scaled in short, because if you guys look at gme, gamestop um that thing also spiked at the open and just took a huge um dip out of the gate.

Uh and all these things they kind of trade together. Um and so seeing gme failed. If you look at gme, if you look at gme this thing, actually, you know sold off into the open bounced back to test previous day closed and we just tanked um, so amc i'm just trading it alongside gme. So i was short around 17 covered some re-shorted some here covered into a dips one scene that this lower high.

You can see this high around 16.99 lower than 1720s. I rejected we couldn't hold 17s, that's what we got some very nice downside, so you can see once we break down view up and we stayed really heavy um scalding some more 16s and we added 1580s and that's where we got a nice unwind from 16 down To 1480s, that's why i covered most of my shorts um. I did go back in, for you know some final trades on the short side, around um 1480s got a little bit chopped up on smaller size on the secondary trade. I was all out here, and this is where i actually scaled in long.

I bought um amc near the lows around the 1380s and i did get chopped up on the long side too. On amc. No, i was looking for this nice bounce potentially to you know 1480s and 15s, possibly, but the balance was just so weak on amc. There was a lot of selling pressure.

So, that's why you know the long didn't work you can see got stopped out here here and i tried it again here. Just didn't work um! So, overall i gave back some profit on the long side on amc and it was a short side that was the cleanest trade, because it was just very heavy off the open, the other stock i traded, bb um this one. You can see all these things tanked at the open with gamestop stock um. This thing i i did not trade it off the open, but i was actually looking for a long uh.

I bought the stock around 13 um. I was thinking that we're going to get this kind of reversal potentially, but i just stayed so heavy so actually didn't. I stopped out pretty much break even on the long side here down here and i kind of left it alone until the the selling pressure kind of settles in, and this is where i saw it - reclaim the up and went red to green. Unfortunately, i did not catch it on the long side, this time uh - and this is where i had a scalp um scalp long and i sold for like you know.

This is not good uh. I scale for like 20 cents on the long side um. I did try to short it. This is actually a short uh.

Oh i shorted here around 15 then work covered 15, 20, so pretty much break even on on bb and had another scope here. But overall bb was not really my main focus. My focus was on phu and fun and amc, so this is kind of the stock. I was kind of trading on the side, but net red both long and short on this ticker all right.

What's next pretty straightforward day, i like this um spc, i kind of want to talk about it, so the next stock i traded is spce virgin galactic um this one. I was more long, biased and i did trade down alongside. I didn't do too well on it. Just because i got in kind of late, the long would have been off the open uh when i reclaimed vu up and you can see making these higher lows making up trend.

The long would have been down here, but i was more focused on all the other stocks and i really want to just focus on two stocks at once, because i've realized that once i start trading way too many stocks i get distracted. I miss my ads if i'm scaling into stocks long end shorts. I miss my covers. I miss my stopping outs.

I miss myself so um, so i really made a point to just focus on one ward, two and it worked out really well. For me, the losers were a lot smaller than the winners, and that's what i always try to aim for spce. I was long biased. No, i did miss the the better entries around the 49s basically below 50.

They did have some positive news this morning, but also it's one of the stocks that um a lot of the the people on reddit on wall street bet are thinking, that's the next short squeeze and uh. If you could just look at the daily charts, it's a lot more bullish than amc, bb and gme. So that's why, if i were to go long on any of these um sympathy play stocks, it would be spce, but unfortunately i just didn't have good entry um. I did scale in here around the 50s.

Lower 50 50 80s sold some into the 51s and 52s um. I actually went back in long here around the 51 60s and added on the way up, thinking that we're gon na get a major squeeze breakout, uh potentially to um. If you look at a daily potentially to 54 and even higher uh, we're kind of grinding up right now but um, but once i didn't work, i stopped out um on my long. I saw the long actually just ended up being a very small profit and a small scalp um short thinking that we might retrace back to 50 dollars, but seeing this wick.

If you look at this candle, this wick candle um, it's the same on the one minute, it means the dips are getting bought up. So that's why i covered um, i'm out of the short uh. Overall, i did battery on the long side i buying the stock as pce. The shorter was just a super small scalp um.

I didn't do too well on it. So pretty simple day in comparison to last week where there was just so much things going on and it was very difficult to concentrate so today was pretty straightforward, so i haven't done any q a time in a while, because i've been pretty stressed. So, let's get into some questions today now the first one is not really a question, but i've been getting a lot of comments like these man. Please get yourself some diamond hint uh.

I don't know about you, but there's no diamond on my hand and uh guess what i don't want. One uh. I hope my mom doesn't see this she's gon na call me when i'd be like super angry. What do you mean? You don't want diamond hands anyways, but i think for the people who are buying and holding.

I think that's fine, if that's what you choose to do, but these are my day trading accounts like i i day trade. I think i open the position i close out by the end of the day, so uh, so i'm not gon na keep on holding these stocks and if you guys remember, i already bought amc around the five dollars range and i sold into the breakout last week To 15 dollars, 20 21 and i'm all out of amc, so the swing on the long side is uh. It's done for me at least, but i'm i'm just day trading here right day trading. The price action um, closing all the positions.

At the end of the day, so the next question is from marco hi: have you ever had problems in execution speed with interactive brokers? So i think a lot of these brokers are having issues recently with all the volatility um. I know, i think what swim is. Having major issues every single day, almost every day, the first 10 minutes, you cannot really trade, because it's so laggy and i know because i only use thinkorswim for charts and i'll see the charts actually freeze so um, and that's why i don't trade with thinkorswim um. So i think you should consider using better platforms.

Of course it's fine to use interactive brokers as your broker, but i would really recommend connecting that brokerage account to dash trader pro, which is the platform. It's a direct access, um data provider and platform and that's the platform i used to execute my trades and i think, especially after what happened with robin hood um think with swim, e-trade and a couple other brokerage restricting the stocks that you can trade to buy. I think it's very important to kind of consider switching to better brokers right if you really want to diamond hand and hold these stocks forever, you don't want to have your brokers force you to sell so the broker. I use i've been getting a lot of questions.

It's cobra trading right here, um, that's a broker! I day trade with every day. Again, i am affiliated with cobra trading. They also gave me this a hat to hide my bad hair days, but i wouldn't be recommending them if i didn't think they were the best broker. I have the most amount of capital in this brokerage account and uh.

It's my go to broker for day trading. So if you want to sign up to cobra trading, you can sign up with a link below and you'll get 25 of your commissions. That's a pretty good deal, one last question from mr chen hi shay. I want to ask a question if i can only use one time frame for my chart, which one would you think it's best one minute, two minutes five minutes, i think uh two minutes are pretty good.

I've been using two minute candles, a lot um. So two minutes and the daily chart, if that's all you can use if you enjoyed the video, please remember to drop a like and subscribe. Thank you guys for watching 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,.