So the stock market is crashing, the world is ending everyone's investments down 10 20 percent. There's definitely a lot of fear and blood in the water right now, but at the same time, this kind of volatile market condition is perfect for us day traders to profit. So I'm sure everyone's aware of by now this pandemic that's been happening since early February. That's causing a lot of fear in the general public everyone's making.

These crazy grocery runs to stock up on their non-perishable foods and there's a massive shortage of sanitizers medical masks and for the first time ever toilet papers are worth more than a Lamborghini. Okay, maybe just a Lamborghini hat. All this unprecedented spread of fear is causing stock market investors to panic, sell the positions, as you can see, some of the biggest sectors that are hit are their travel stocks, such as the airlines and the cruise lines. Just as everyone's thinking, these crew selling stocks can go any lower, they tank even further down, no pun intended, but it's exactly at times like these, when 90 % of the world is panic, selling that it presents the best opportunities to profits for us short term traders.

So that's what we'll be talking about today in this video my thoughts on how to take advantage of the current volatility in the market, both as a buyer and the short seller. That's right, you don't have to short all the time in order to profit from this market condition. As long as you remember to drop a like on the video, it's completely free and safe to do and can do so while chilling in the comfort of your own home, all the while maintaining social distancing, the only infection you might be exposed to catching is some Very bad jokes: so let's talk about how to profit as a short-term day trader in this volatile market day trading means you're, buying and selling a position within the same day, no you're not holding for weeks months or years, let's long term. Investing we'll talk more about that later on as a day trader, the kind of volatility was seeing in the stock market.

Right now is perfect for day traders, because it provide right us a lot of range both to the upside and the downside. Well, my focuses in the last few weeks has been the travel sector. These are thoughts, has been very beaten down and selling off to 52. We closed because of all the travel restrictions that's being implemented by various world governments, specifically the cruise line stocks such as Royal, Caribbean, Norwegian cruise and Carnival Corporation.

They are suspending a lot of their cruise line operations because of all the travel bans. So in the big picture, these companies are likely going to miss earnings within the next few quarters, because of course, these companies will not have any revenue coming in and analysts are cutting their guidance and the bottom is most likely not set in stone. Yet for these stocks, so if I was an investor holding these stocks are some long-term investment. I might start getting kind of worried and whether these cruise line stocks have enough cash to stay afloat to and not go bankrupt during the next few difficult months.

But as a short term day trader, there's actually tons of opportunities for long setups for us to buy and many of these cruise line and airline stocks are on watch I'm a free. We can watch this. These stocks have been an SSR consecutively for multiple days during the last few weeks of market sell-off, and that's my tip number one for day trading in this kind of volatile market watch out for SSR triggered stocks and the volume and trend reversal to come in SSR Stands for short, sell restriction. That means a short seller can only hit the stock on the ask.

They cannot short on the bid and SSR is triggered when any stock Falls 10 % below the previous day closed price. So why does that matter? If you're looking for long setups well, it matters a lot if they're spying volumes starting to come in, I'm beaten down. Stocks has been down trending on the daily, such as our CLC CL and many other airline stocks. There's tons of short sellers piled in and many of them swing the stock short and since sellers can only short on the uptake instead of shorting the bit of a breakdown.

That means, if volume starts to come in and stock start to reverse without any pullback. The short sellers have to buy to cover which in turn adds to the buying volume and allow really beaten down stocks to really squeeze when this volume coming in. But it's important to understand, though the SS are just like short float percentage. They do not direct early lead to a short squeeze, I'm just saying they can contribute to it, which leads us to tip number 2.

Do not be too long or short bias during intraday trading, just because we're overall down trending on the market. Does that mean that every single pop intraday is a short, especially when a lot of these stocks are triggered with SSR and have a high short interest like we talked about earlier, but keep in mind I'm talking about day trading at the moment, not swing trading and Definitely not long term investing as day traders, we profit from these stock markets volatility, so it's extremely important to stay on the right side of the intraday trend. As you can see from these charts here, when these beaten-down stocks really bounce, they can squeeze up $ 4. But once they start topping out a higher resistance levels, a lot of times they start selling off retracing 50 % of the gains and a lot of times selling off the entire gap.

Whether you like to play the long trend to the upside or short to the downside, there's a lot of range for both sides of the trade and, in my opinion, one of the most important qualities to have as a day trader in this volatile market is to Have the ability to flip your bias, long or short, by understanding the psychology behind all the traders and players in the market and identifying who is in pain, which, fortunately, is something I'm good at it's okay to be wrong in day trading, but don't stay wrong cut! Your losers, when a trend is reversing and either flip the other side or be patient and wait for your entry later on and only rhea tack when a stock is starting to top out a higher resistance levels or starting to consolidate and lower-level support. Because there's no reason to be back holding anything right now in this market now the next important tip I have for you is to smash a like button and subscribe to this channel with all the self-isolation and social distancing. That's going on right now in Canada, u.s. and the rest of the world, neither you or I are going anywhere anytime soon, so you may as well just stay for the bad jokes.

The Canadian government has finally officially warned us to stay indoors, cancel all essential travel. Do not go out to bars and restaurants and basically just don't see any other human beings, so in other words, my life really hasn't changed all that much in all seriousness. The next tip is extremely important in this kind of bipolar market. Get your hands on instant news resources because we are in a headline driven market.

Yes, there are definitely free resources such as fin this Yahoo, Finance and stock market watch, but they are not the fastest feet. I mean they are free. After all, right, I personally use briefing for email and text updates on large cap stocks and Ben Zynga pro for the small cabin large cap audio alerts, as well as the news headline postings on their platform. Knowing the name drops in the company tickers from President Trump speech and the intraday updates from companies cutting their guidance and halting operations is extremely important, and it's with instant news resources like this that give us traders the speed and the early entry in this kind of Headline driven market now tip number four.

This is going to sound like a no-brainer, but be surprised how many beginner traders don't bother with this. That is to prepare a detailed trading plan and all the stocks are you watching to trade, and no just a list of 10 tickers in the head is not enough. Your trading plan should include at least your bias, long or short all the important price levels over and under your entries potential exit and stop losses if you're wrong. Yes, that's right as much as we don't want.

Two parts of a trading plan is planning for your loss, because it's only if you have a planned level that you want to risk off, but you can keep your losses in control again. Planning for your trades is 90 percent of the work in day trading and once that's done, pre markets. I just spend the rest of the ten percent of the work after the market opens executing my plans. Of course, there are other detailed nuances, such as reading SEC filings and news headline analysis, and I talk about them in detail in my watchlist videos.

Yes, I do spend about one and a half to two hours each morning before the market opens planning. For my trades, you can now sign up to receive my daily pre markets trading plan sent directly to your email. Alternatively, you can also trade with me daily in my disco chat and access more exclusive trading, video lessons and webinars feel free to check them out in the links below and if you're, not ready, no worries at all. You can still receive my free.

We can watch this sent out every single Sunday in which I provide a list of three to four stocks. I'm watching for more follow through next week, and usually these plays can last a few days and can provide great ranges to the upside and downside for both the day traders and swing traders now tip number five for trading in this market sell-off is to keep your Trading and investing accounts completely separate. It's too often I get comments from people saying that, oh I shouldn't be buying any stocks or trading any stocks in this kind of volatile market, because the bottom isn't set in yet. But that's exactly why we are day trading when a holding these positions long-term for weeks months or even years, volatility up and down is what we want for day traders.

If everything just said Edie grind up, then it's choppy, there's no range for us to play. Like I mentioned many times before, day, trading is a business activity, it's very different from long-term investing when you are just buying and holding the stocks forever for 10 20 years, which is why it's important to keep your accounts separate yes, for tax efficiency purposes, but also For your emotional sanity, when I'm day trading, I don't want to see my long term investments in the corner of my eyes and then make short term emotional buying and selling decisions and positions are meant to be held for five 10 20 years and by the way I don't check my long term investments every single day. I check it, maybe once a month, but I'm sure it's down the drain somewhere, I'm down probably 10 20 percent on the year, but in the meantime I'm definitely keeping an eye out for some quality stocks. That's trading at a huge discount and the plan is to buy and hold these stocks for the long term.

Until I turn 50 in about five years, we talked mostly about short-term day trading strategies and setups on the channel, but there's definitely a lot of opportunities coming up in the next few months for the long-term investors to buy there's a very good saying. That goes something like fortunes are made in a recession. I'm sure somebody said it because it wasn't me, but if you're interested in some long-term, investing ideas and videos feel free to, let me know below and if you want to sign up for my free weekend, watchlist or treat with me in my desk word room. This links to those below as well as always make sure to stay positive and stay healthy, we'll all be okay.

Thank you guys for watching. As always, I'm the Humboldt trader and I'll see you guys next week.