This is truly the kind of market that's going to separate the profitable real traders from the ones who are just following chat, room alerts and gambling what's up guys new week so far, uh, it's a slower week again well technically in the summer trading. Welcome to what the market looks like in the summer before 2020., i think a lot of new traders entering the market in 2020 and 2021. Don't really know what a slow market looks like. This is what it looks like in the snow, slow market.

You know, typically in the summer time um before you know the the whole pandemic hit in 2020. So, in the years before that 19, 18 and 17, it was like this and it's very important to know how to survive and how to size down and take the meat of the move in this kind of market. Because if you're trying to hit very hard trying to chase breakouts following chatroom alerts, you will not survive in this kind of market condition. So i'm happy to end the day with a small green, you know, got ta, be conservative.

Not every day is gon na. Be you know, like home, run trades. I will say, though, today is the kind of day that i struggled to make even four figures. So we'll start with the losers first, so in this kind of slower market i prefer to trade the large caps, because small caps are pretty much dead, uh peloton, i was more short, biased on this gap, down with the negative news and also with the entire market Kind of selling off a little bit today right idea wrong time, so i started shorting a little bit too early around the 110s.

You can see the stock later went down to 113.. I stopped out of the starter here. I did re-hit it small size 112, but i was really quick to get out around 111s because i was thinking i want to see it fail, um the 112s again to reshort it back down right idea, but i just kind of like lost track of it. So i never re-entered the stock short, so you can see it ended up fading from uh 111 down to 106 and 105..

Even though this is a small loser, i'm not gon na lie this kind of hurts, because i had the right idea, but i just didn't re-enter the stock, so small losers to start the day and it hurts even more to see if fade all the way down To like 105s and this might actually drop even lower down to like 100., so that's the first loser. The second small loser is hog. This one same thing, i only had a starter. So in this market i like to go in starter, whether it's long or short, and only if it starts working and i'll keep on adding into it.

So for hog this is another starter short uh, sorry starter long, which i lost them. They had really good earnings. Earning speeds they beat on eps, revs guidance um, and it was you know when you were watching this pre-market. This thing went from 43 to 44 and at the market open it just ripped to 46 dollars, and i was thinking we're gon na get a pullback um, which is where i got in on the pullback.

I wanted to see even more breakout on the daily first of all to higher day and higher highs on the daily. If you look at daily chart has a lot more room to go um, but you know it's just not a lot of follow-through at least not the first hour um right now. You can see this thing consolidated near the lows and kind of started going up higher. Again, um, but it which is not in the market where we see you know like straight up, breakout and follow through and early on.

Usually we need a lot of pullback and consolidates for the first two hours you can see. We consolidated from 9 30 um. Sorry from 10 o'clock to you know 11, that's where it starts, making a more directional move um. So you know the small loser on this long starter, but it's starting to work now.

So maybe we'll get another play on this in uh afternoon, we'll see so now. Moving on to the winners actually worked out and where i actually got to scale in and add into my winners, um clme this one gapped up pretty market. You know you can see we broke to 14, but we rejected that really early on. So once that 14 is rejected, um i got in short, i even got in late, but it worked out really well got in late 1370s i added um 1360s um covered into basically the small flush out um.

I should i wish i held to 412, but uh. You know it was just so slow in the market, so i didn't have the patience to keep on holding for that long and also the stock was easy to borrow with the amazon news. So you know i was thinking, even though i did short it. I thought it might, we might see some consolidation and for like a reversal, move midday uh.

It looked like it was trying to do that here, but we just kind of failed and keep on breaking down more support levels. So um it's dead now um and i didn't hold it for that long, but my best cover was around 13, but this is one of the only trades i got to add into today on the short side. So the next stock is clov. This one i only shorted um, but you can see at the open, had a very nice breakout uh once you know it reclaimed the pre-market low support.

It went up to no tens and even went to ten fifties um. It looked really strong early on and this thing was on the weekend. Watch list um so well. I didn't catch the morning move because i was busy fighting pelaton and hog.

This thing did fail. 10 again after that, breakout move when the stock, like this breaks out to new highs, but then break down right back down again and break some like key levels, which is ten dollars and then later on ten seven, nine seventies. That that shows me. That's actually, you know the break i was sold into.

This is actually weak. So that's why i scaled in shorts. I had a starter, um, knight, sixties and we shorted added um to nine eighties on this v wap test, and then we got like a breakdown move to 950s and i covered way too early as usual. Just because i was trying to watch a couple of the stocks at the same time, um, but this thing did reclaim um sell off to 9 30 and now we're kind of retesting the view up levels again, uh we'll see.

I mean this look if you're looking at this daily chart. This volume is very significant, so i wouldn't be surprised if we get a secondary push to test ten dollars and if we reclaim that, then this thing then could keep on going. But this ten dollars level has to has it keeps on rejecting, so it has to break out and hold above it. If not, then we're gon na fade down to nine dollars and below um, but i'm all on the shorts.

Now this turned out to be a decent winner, so c-l-n-e and c-l-o-v were both decent winners on the short side. Now the the other stock i played on alongside is m-a-r-a mara. Now this one, i really thought we were gon na keep on going. I was looking at a bitcoin futures prices.

Obviously we had a huge drop over the weekend and that's what caused uh mara to gap down from 39 dollars all the way down to 35.? Oh, that's: a nasty uh nasty gap down so a lot of times. You know when i'm trading these gap down plays i'll kind of look at what, especially when this one is tied directly with um btc future movement. I'll, look at how this thing trades at the open. You know whether it reclaims some key level pre-market.

For me it was 35 40s. I reclaimed that. That's why i got long starter um and then this thing really quickly pushed to 37, but i was again i was busy trading a couple of the stocks, so i didn't you know i didn't catch that move, but i did to add to full size around 36. Tens 36, tens.

Yes, we did dip a little bit down below v y, but we keep on holding a 36 level which is around v web. So to me you know that was still fine. We might see more follow through and on this pop to push towards 37. I want to see if we hit 37, but there was a lot of selling around 36 80s.

So that's why i got out uh half of it around 36 70s and then i set my stop at breakeven, just because um after seeing in the morning there's a lot of breakouts that didn't hold such as a hog and then what's the other one. A couple. Other names that didn't hold the breakout um, i want to make sure i take some profit. You know, even though it's not huge profit, but small gains.

They definitely added up today, even though it's only like um, like a 70 cents move um, i set my stops on the break even at rest, at um 36, 12, and then you can see. That was a good stop, because after this, this thing just sold off back to even more lows, so um stops are important. Sure it sucks not capturing the entire move. The entire game to you know 36, 80s and 37, but i'm taking the meat of the move and in this market it's important to to come become more conservative.

So if you have a trade, that's working that's great, but i don't want to turn a winner into a loser and that's why i set my stops. The way i do it might be too conservative for some people, but this is what i'm doing to ensure that i survive in this kind of slow market. This is what i usually do in the summers prior to 2020, and i'm still here after all these years again, this is a kind of market condition that really separates the real traders who know about risk management following their stops and taking the meat of the move And be conservative versus the people who are just chasing chat, room alerts, gambling and trying to get rich, quick um. The second type is the kind of people who perish in this kind of market so, like i said, i'm ending the day very small green.

You can see, none of my profits were over four figures. It is a very, very slow market, um, but again small gains. They definitely added up, and this is how i'm going to keep on surviving in this market by sizing down being patient for my entries and following my risk. Okay, now it's time for our q a's.

Now the first question: from mike b: can you please do a video with htb fees, comparison between center points and cobra trading? I already did it's in one of my videos explaining short selling and i compare the broker fees there, but in short, cobra trading is a lot cheaper and i use them both. But cobra trading is my main brokerage account, especially when it comes to shorting. Now. The second question is from strange e um, so he or she is asking that um just to confirm my own understanding.

The small profits are about one to two percent uh and people are expecting a lot more like ten percent. Now, here's what i think i think you have to take what the market gives you when the market was hot. Yes, you could get ten percent uh moves on each trade per day every single day, it's very possible in a hot market, especially when there's a lot of follow-through. So that was the case in january and december, especially and also february, but in the current market, condition where we're in right now, you can't have those unrealistic expectations and set those profit goals, because if you try everything you you can do to hit that profit goal In this kind of market, you're gon na end up losing a lot more just because the you know you have to wait for your setup.

If the market is not giving you the ten percent, you want no take the one percent take the two percent uh and for me it's been taking like 50 cents, 20 cents. A big move on mara would be like an 80 cents move and uh. You know that is a lot smaller, but i have to be conservative and adapt to the market right and also i don't really trade in terms of percentage moves like one to two percent um, that's fine! I know some people do that, but i look at it as more of uh. Oh, how much am i risking per trade? Is it 20 cents, if i'm risking 20 cents, can i get 60 cents out of that? So that's how i do my calculation when it comes to risk and sizing in the risk per trade, not the percentage per trade.

So if you're struggling in this market, it's okay, i think a lot of the momentum traders i know, feel the same. It's slower, but there's still definitely opportunities as long as you know, you you're sizing down and being more patient with your trades and letting the trades show you and set up instead of buying chatroom alerts, or you know trying to hit your profit goals. I'm telling you, if you keep on trying to force trades to make that you know let's say one thousand dollars or you know two thousand dollars a day: profit goal. If you, if you keep on forcing it you're, going to end up losing more and you the correct way, should be, you wait for the market that favors your setup and your conditions to come back and you go back in with your original size and your original Momentum trading style, if you have any more questions, feel free to ask me in the comment section below.

Thank you guys for watching and i'll see you guys next time. Hey guys thanks for watching. I hope you enjoy 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.

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