I Must give you a disclaimer: the next strategy is why? Considered really risky, but at the same time you can make a lot of money. So in this particular trade I made almost ten thousand dollars and as you saw earlier from recording, I was done by 9 48 on this particular trade. So if you are a part-time Trader or those who are just looking for a quick win so we can go to work, this will be a perfect strategy. Welcome back to another Humble Trader video.

This year has been a fruitful year for me so far as I'm enjoying making new videos and exploring new styles to teach you risk management, trade psychology, and even more trading strategies, but you guys always wanted more. Okay, Okay, I got it. The Heidi requested live trading video lessons are back for those of you who are new to my channel, my name is Shea AKA Humble Trader and this is live Trading Series where you can learn from real life executions of my trading strategies and see both the wins as well as the losses today. I'm gonna use some of my recent trades to show you guys how you can possibly trade within the first 20-30 minutes after the Market opens and call it a day and go to your Dreadful job.

Okay, sorry I shouldn't have assumed that your job is Dreadful Maybe it was just me who had a shitty nine to seven job I Know a lot of my viewers are part-time traders who are keeping their full-time job. so shout out to you guys for the hustle. This video will be especially valuable for Traders who are limited time to trade and even if you're not a part-time Trader The strategies I'll be teaching today will help you better understand how to profit from the price action during the first hour of the day when the markets are the most volatile in this video, you're going to learn my thesis and trade planning process, breakdown of my scalping strategies, a step-by-step demo of technical analysis and price, and finally my plan name for risk award and risk management if that sounds good to you. Don't forget to smash the like button and feel free to leave any questions for me in the comment section below.

Now let's get started. So the first trade I want to share with you guys is Cvna Carvana Gap Up Short Selling Strategy This is a pretty simple trading setup for day Traders and scalpers who are looking to trade just the opening hours and as you will see later in a live trading recording that I have I made a little over eleven hundred dollars on this sticker on the shoot side within about 20-30 minutes after they open. So let's take a look on this particular day on Carvana Over here this day we're talking about as you can see the stock gapped up huge overnight from Friday is close to about eight dollars all the way to pre-market highs of 1070s and hit like a little Peak lower highs 10 20s pre-market and since then at the open just sold off. So we're looking for that little Gap up to show into in this particular stock.

And as you probably know already, Carvana is also considered one of the many meme stocks that rang in 2021 and 20 2022. And the thing with meme stock is that every time as you can see on the daily chart these usually these stocks whether it's AMC Bbby it's been long term downtrending. I mean Cvna used to be a 300 stock and since then it's drifted off and sold off all the way to like four dollars. Um and then you can see you know has a lot of failed spikes in the past before and every time it gaps up especially to a key dating resistance which it did on this particular they were looking at it gapped out to like 10 40 you know resistance sold off and over here this rough area 980s.

That's also the daily resistance. So whenever we have these meme stocks with like a long term back holder chart that you just saw gapping up to key daily resistance then a lot of times I'm more short buyers on the stock and it'll work really well for a simple scalping strategy. On the short side so you can see this is pre-market level 980s over here. this little pre-market support that's what I'm going to look for when the stock breaks down and that's my trigger for entry.

And if this is the entry on the short side and then I'm risking about here pre-mica highs area 10 30s. So we're talking about 40 50 cents of risk And for the downside you can see on the downside: I have all these lines but downside. Obviously at the time we don't know where the stock is going to go. but if we're looking at a daily chart the downside: I Want to look for the next level support down on the dating chart so you have a small support around 9 30s over here 930 950s right here and then you have a little bit more support down here on 860s Range so those will be your price targets.

So if that's the entry downside you have here 40 cents so that'll be one to one risk award. But if you're looking for even more then you have downside to like 860s or like you know, there's probably a small level around 880s. Mark So here are the three key criteria for this scalping short strategy: Number one: A need to have a pass price action on the daily chart of a long-term downtrending chart Number two: you need to see a pre-market Gap up and number three: This needs to be a stock that's gapping up on air, basically gapping up on nothing so you can see it's 9 31 a.m right here. So Market just opened about one minute in um, this Carvana trade you can see I'm already in a thousand shares so it happens super fast after they open.

You can see the breakdown of this level right here that we talked about pre-market which is a 980s area. It's already broken down so so that's why I really hurried up and got in a thousand shares on the short side. Thankfully, Carvana is an easy to borrow stock so it didn't cost me anything to locate those stocks short. and as you can see immediately after the open, it got halted.

to the downside. So I'm stuck short with a thousand shares which is a starter for me. The idea is to skip an ad into it after it confirmed the breakdown of 980's pre-market support. These volatility holds happen whenever a stock increases will decrease it by 10 percent within a five minute time period.

Okay, I fast forwarded a little bit. It shouldn't hold really quick. You can see I'm quoted. you can see it hold it down right.

It holds it at about 980. it opened at 9 50. so you have about 30 cents air gap. so this is usually what happens after the hotel you can see on the top over here Gme.

Even though I'm not trading it, that's also a lot of main stocks were gapping up in sympathy. You can see this thing is also holding to a downside as well. but I wasn't trading Gme GameStop so you can see Corona usually after down hold, whenever you have a gap down, you're gonna get a pop to retest the viewab area and that's kind of what I'm looking for. A bounce to short into and a critical mistake that a lot of new Traders make is that they don't look for the little bounce to short and they'll hit the bid at the very bottom at like 940 or 950 down there.

So for me I want to start adding slowly into a little bounces you can see I added a little bit uh, a thousand shares at around 960s so that gave me an average of 9.70 Right now on 2 000 shares, you can see a little test of Vyp right now. I'm down about three cents. Uh, no problem. So I'm looking at whether we're gonna reclaim that view app in which in this case the risk is now moved down.

So I'm not I'm no longer risking the 10 uh, what do we say? 10 30 like we talked about earlier since I started adding into it and moving my risk down. I'm moving it to around the Europe area so that will be around 9 80s. So at this point I'm risking about 10 cents 10 50 cents with slippage in mind so you can see you had a little pop to test that view up area. That's what the yellow line that you see on screen right now you can see the stock is staying pretty heavy.

that little Pop barely even tried to reclaim that V-wop area. So really, really weak. You have some decent volume on uh, Carvana, you're trading 7.4 million so still holding my 2000 shares short. So at any given point I'm usually trading at least two stocks at the same time.

but on the top over here you can see two minute chart on Carvana you tested at 9 80s area right? I was saying like if it reclaimed that V-wop I'm gonna have to stop out but looks like you're failing that V-wap At least right now we're back down to 970s. that's my average I'm still holding I think the idea is I want to add at least a couple more times you can see I'm adding um, the confirmation of weakness added about only 200 shares I was trying to add 500 shares but not sure why I canceled it so I only got filled 200 shares at this is what 970s and you can see because I'm adding on I'm adding on the confirmation of a breakdown I'm not adding on strength so that's the difference here. I'm adding once a stock rejects that uh that 980s level we talked about and rejecting View app and as you can see on the top window here, Kavana is staying weak. We're back down to 950s so I'm up about 20 cents per share.

Um but I think at the minimum I was looking for nine dollars. Remember at this point I'm risking 15 cents 15 cents around that for downside. if we hold it down all the way down to nine dollars, then I can potentially make about 70 cents. so that's good.

Risk a word, you can see, we're testing the lower day which is 940s. Um, there's a really, really small support here from pre-market 940s. so I'm expecting some small bounce, maybe like a dead cap bounce. So I think I'm gonna start covering at least like a very, very small piece into that and that will give me about no 30 cents per share if I covered it.

cover it there so you can see I'm just covering small small 200 shares. So fast forward a little bit you can see. Oh I actually did not cover I actually added even more 940s? Yeah, because the stock was so weak you can see even on that trying to add I was trying to get filled 500 shares couldn't get filled I only got filled about 100 shares. So I'm adding to a downside on the breakdown of that.

um 940. Syria because a stock was extremely weak as shown on the tape so you can see the stock can barely even bounce. I'm trying to not to like Chase The weakness to short into the weakness, but waiting for so. I'm trying to wait for the bounce, but sometimes you just gotta accept the stock is so weak that it won't bounce.

So that's why I only have about 2300 shares short, not with an average about 968.. So back to cover. Now you can see now we are dripping lower. The stock is all the way down to 920s.

Really, really weak, right? This disparity and the bounce. And I finally covered some I covered about 500 shares I Believe yeah, 500 shares. So I'm down I'm down to 1800 shares on the short side from 2300. So I cover some lockding about 200.

Um, but I want to see how you know how much longer I can hold on to the remainder of 1800 shares short. And keep in mind if you look at the bottom right hand corner the little clock over here Market clock it's only 9 44. So it's only 15 minutes after markets opened. But all of this planning once again is done pre-market You can see here the stock is extremely weak.

You can barely get any uptick, the bids are just getting hammered down, there's no one buying the stock, and this is very typical of the meme stocks and any stocks that have the a long-term barcode chart that you saw earlier. So this is the reason that having a bag holder chart is one of the most important key criteria for this scalping short strategy. Whether you're actually scalping for the quick move or trying to hold on to like you know, at least 20 30 minutes like I did. Um, doesn't matter, it's important to look at a daily chart so we're back down to 915.

I Think you're gonna see me trying to cover up the rest um of the position even though I should have held down to a lot longer. you can see I'm trying to cover some at 9 16 over here. the lows of the day at the time was not I think it printed 909 earlier I covered all of it. Oh wow I covered all of it.

So I covered all of it at 9 16. locking in eleven hundred dollars. So coming back to the trading view charts now we're now looking at two minutes I believe that was the the time frame I was using to execute. you can see I entered here 980s which you saw earlier and I covered pretty much everything around 9 15 here and you can see the stock ended up going a little bit lower.

Okay, not all the way to 860. that made me feel a little better, but to 8 90 880. So I left about somebody doing math 30 cents on the table which is okay but we're trying to catch capture the meat of the move from the open building that key daily key daily and pre-market support going short risking the pre-market highs 30 cents. Looking for a downside move all the way to 915 or 890s? If you want to learn more about my Gap up and Gap down trading strategy, then make sure to watch the strategy video on my channel.

Moving on to the second kind of scalping strategy that you should definitely learn. This case is going to be on the long side this time around. I'm going to demonstrate another live trading example on Tesla your favorite stock. So in contrast to a Corona trade on the short side, we're not looking at a large cap stock that's gapping down during pre-market So as you can see over here on this day, the day before Tesla had a really strong day.

we're talking about a move from 197 all the way to 207 so that's a really strong close over here. The white area is the regular trading hours and the yellow part on trading view. this is the extended hours trading so you can see the next day this thing actually Gap all the way down from 207s down to 202's and then pre-market went to a low of 200. We're talking about a seven point gap down overnight so we're about to dive into the key criteria for the scalping strategy once again.

I Hope you guys have been taking notes and learning from the essence of these live trades before We move on to talk about the criteria and the details of the strategy. If you haven't done so already, please remember to drop a like at the bottom of the video and remember to subscribe if you want to see more videos like these in the future. Thank you very much! Now let's move on to the next strategy. So here are the four key criteria on the long scalping strategy on Tesla stock.

So number one: it needs to be a large cap stock. It This strategy does not work for small Caps or microfloads or any of those like Runners Like it just doesn't work. It works best for large cap stocks like Tesla Nvidia Apple AMD Number two, the stock needs to have really strong breakout the previous day. So that's why I pointed out the daily chart for Tesla stock earlier.

As you can see on daily chart right this day, this is the previous day you had a huge breakout, right? So that's why the second day the gap down. It gives you a good opportunity to bounce the stock. We're not looking for a big move. Once again, we're looking for a simple, uh bounce strategy that you can trade for 15 30 minutes and be done and go to work or do whatever else you want.

The third criteria is that you need a pre-market gap down, which is pretty obvious. Once again, you have a gap down move from 207 priorities close to 200 pre-market So that's why we call a gap down. And last but not least, the stock needs to be gapping down on really high volume on this particular day. I don't have my scanner up, but Tesla whenever it gaps up or gaps down, it trades really high volume over a million shares pre-market So that's what you want to see if the stock was gapping down on like 20 000 shares.

Not good enough. Remember you're not here to be Warren Buffett and invest in the stock. Okay, we're talking about trading here. Oh, we're looking for is the profits from a short term price action.

Hit it and leave it. Quote me in the comment section if you agree. Now let's plan for our entries and alongside the profit. Target as well as the risk.

Now so on. Tesla Stock You always want to start from the daily chart because it's a stock that has a big range. So that's why I have 200 Here you can see on the daily chart that's a key level right here. The stock previously tested once twice over here and three times that held up a support on this area in February So that's why 200 is gonna be key.

But remember the stock is not. You should not just use one and single entry point. It needs to be a zone right? So that's why you look at the previous breakout day the day before. if you look at it before it hit 200 it Consolidated right here broke out to highs 199s.

You know Consolidated dipped a little bit to that 199 Tens area and then that's when it like dipped, trapped and then broke out to new highs. So that's the reason this is going to be an important level that also lines up on the daily chart. this Zone Here we're just gonna call gonna call it 199. the Zone on a daily chart is going to be the key level you're looking for.

entries. Um, bouncing the stock on this overnight gap down. So this is my entry area 199 200 right? I Know this is a big range, but again Tesla Big Range Stock You need to have a give it at least a dollar room. So if you're planning to Long 200 you need to be able to risk and risk 199 and Below right? And if you're a long one in 99, then you probably can have your risk be a little bit tighter at 50 cents 198, 30s uh sorry, 70s or 198.50s Now for the upside.

I will say I was a little bit more aggressive. You're gonna see in a live trading recording in Nature that um I had originally info 204s on the bounce. so I was looking for Four Points bounce on the upside, that's very possible with a stock like Tesla However, um, you can see you have another small level here around 203s, 203s, 202s, 204s. Those are the price targets that I'm aiming for.

Remember we're talking about a quick scope so the best you're gonna get is one to two risk forward. and if it really does go to you know, 204s then that's probably if you do the math that's one, two three, one two four risk award. On this particular day on the gap down to 200 I got in a starter at I think about 200 shares. Starter at this is like what 199 80s and I added after reclaim of 200 because we talked about this 200 that's gonna be a key level and this is only a minute after the market opened So it happened really really quick right? Remember if you are trading this for a scalp for a dollar two dollars, you're gonna be in and out.

Hit it and leave it. So that's why things happen really fast. If you don't have a fast broker platform like this one which is um the Australia Pro you you might not be able to execute this. Okay so at the open you can see I got in 200.

So 200 um entry to 200. This like what 230s maybe So add in a thousand shares averaging 200 and 30 cents you can see the stock is already bouncing. We bounced about one point. now testing the UAP Now if I was more aggressive you can sit down here 230.

that's my average. Now if I was more aggressive I actually add over this bounce which but I don't think I was a aggressive as I should be because I want to be patient looking for the big move towards that 204 area which is your pre-mike highs on the day you can see. we tested our VY projected a little bit similar to Carvana earlier, but I'm still holding. Do not panic at a decent average about 200 30 cents at this point I would be risking just below below 200 so that'll be 40 cents risk.

So I can potentially lose 400 on this trade. Let's see, we're testing that 201s you can see I'm getting ready to add trying to add into Tesla I want to add slowly 300 shares, 300 shares because after all it's a really volatile stock but we actually remain strong. We can see we're testing over 201s once again and testing that V-wap and usually same same idea is on the short side. um on a short I will not show it once a stock is below V-wap if the stock is over Vyp I want to add into a long side you can see I wasn't sure certain so I sold a little bit too fast I sold 300 shares at 201 ish so I locked in about a little bit over 200.

It's not a lot, but I want to see if the stock stays strong they'll add back into it or to sell into the pop towards that 202 204s area. I Definitely was playing a little bit safe on this particular day though because I think I believe at the time Market was kind of choppy so I wasn't quite sure if I should stick with it or you know, just get out. you can see I went red for a little bit and when it went back down to my average, but nothing to become too concerned about right now. I'm trading on the five minute chart for a stock like Tesla This is very different than Carvana because Tesla is a big cap.

Big Range you can see that popped way too quick over 201 88. so I'm up about oh decent. So I'm trying to sell just a little bit to lock it in 201 80s, but once again, I am aiming for the two of fours. If we don't get it, that's fine.

but I want to make sure I'm locking in profit along the way and that's a little bit over a dollar move. So risking 30 cents to make a dollar, that's decent Risk award I Know it didn't go according to plan where I sold everything at 204s, but you just gotta be cautious. Remember, hit it and leave it. There were a couple things I'm concerned about looking at the market and now I'm switching on a two-minute time frame just to look at the price action a little bit closer to determine whether this is just a just a little pullback or are we actually in like a huge downtrend retest and now we're failing that and I believe I'm gonna get out of the position really quick two or twos now I think I just exited everything at 202.

the remainder 500 shares and locking in about fourteen hundred dollars. and you can see back on the trading view charts. That was a good call to sell everything around 202s you can see I Sold I entered here 200 right even after the ad my average about 230 points and I sold everything around 202. I didn't get the top of 20270s but you know I got out around this area as you saw earlier even though my ultimate price Target was 204s.

but it ends up being a good sale because after that this thing just rejected and then stayed Below V-wap on the five minute chart over here and really just sold off all the way down to 192. So I'm really glad I didn't hold on for that. You know, two more dollars and that's why I Keep on repeating. hit it and leave it.

Do not outstay your welcome if you're looking to do these kind of scalping strategy whether it's on the long side like Tesla or shorts like Carvana. So overall, I'm pretty happy with this. Tesla trade as you saw in the recording earlier I was done once again in about 15 minutes. Another question I see a lot in my comment section is do you trade during pre-market hours? The answer to this question is yes sometimes very very selective times I will enter a trade if I see a pre-market mover but it must fulfill my setup criteria and that goes to the next strategy we're going to talk about.

I Must give you a disclaimer: the next strategy is why Considered really risky, but at the same time, you can make a lot of money. So in this particular trade, I made almost ten thousand dollars. So the stock we're looking at is fcn CA I know long ticker First Citizens Bank Now they're known for the bank who bought up Silicon Valley Bank's debt and that's the reason the stock gapped up from like 600. like below 600.

priorities close all the way to 900. So we're talking about a 300 Gap up overnight. and that's a reason once again. I Gotta just gotta disclaim this: This is a very risky strategy and if you're watching this, make sure you have risk management intact.

So this particular strategy is pretty similar to what you saw for Carvana earlier, so if you paid attention earlier, you remember the key criteria. First of all, you want to see a downtrending daily chart. In this case, you can see down trending daily chart. I Mean this thing was part of the banking crisis that started with Silicon Valley Bank You can see the stock sold out from 800 all the way down to 500 dollars and you can see a huge pre-market Gap up as usual.

Now, most importantly, you want to note that ideally to trade this particular setup like we talked about for Carvana, you don't want any meaningful news for the stock. However, on this particular day, yes you have the huge gap up. Yes, you have a down training daily chart. but guess what, you have extremely positive news and you know huge news headline they're gonna buy Silicon Valley Banks debt and that's what I mean by.

It's a very risky strategy because whenever you're assured in these stocks I have news you need to know when that's it like you. you cannot hold on to the fade all the way down to 700. No. I'd be dreaming.

You gotta be able to just you know, get out at a consolidation before this reversal. Okay so I'm gonna show you how I did that later on. So here's a recording you can see pre-market I already had a short scalp from 9 15 down to is like what 880 and I only had 100 shares I mean do the math. I only had 100 shares so this is the kind of range you get.

We're talking about like a 20 range so you don't have like oversized for these things. You know there's a couple important lessons here besides what we just talked about that the stock has catalyst so you want to be able to just get in and get out and like do not out say you're welcome The second thing is that if you were trading pre-market which I was you know now the Market's open but I was from the shorts 9 15 down to 880. we're talking about like a 30 point drop. Actually, the volume is going to be very, very low on the stock so you don't want to oversize like using a thousand shares at one time.

won't work unless your building is slowly. 200 shares here, 200 300 you have to slowly Build It Up This is Market it's already open and it's only trading 808 sorry 280 000 shares. So so that's what I mean by this. Extremely risky.

Okay, just because because the watching this doesn't mean this is the right trade for you. Okay, I'm telling you this just so you don't burn yourself. You know, if you do decide to trade the strategy, size down and make sure you maybe start with like you know, paper trading first. So that was the pre-market trade.

a very simple holiday Shorts 9 15 risking knife 40s. We're talking about a 20 30 dollar risk risk per share and then downside to cover it into the open I just didn't want to hold it into the open. so that's why I just covered everything here at 880s and now once the Market's open, I'm stocking for my next short. um, entries here.

But if all you do is trade pre-market this strategy will work quite well. maybe on some different stocks that have more volume and less spreads and doesn't have no such a positive news. So at the open you can see this is just sold off. from um opening of like 870 went all the way down to 850.

So that's another 20 points from where I covered volume is staying low. but you can say I'm trying to get Phil 500 shares short at 8 48 so I got some like only 200 shares. Gotta be careful. once again volume is really low.

We're only trading 280 000 shares. um but whenever I get partial fills I I you know depends. Oh I got fulfilled at 8 48. otherwise I would cancel it.

Okay but you can see this thing is spread. We're talking about three dollar spread so that's another reason you want to size down. Okay but for me 500 shares on this it's manageable. So I'm I'm realized red 3 000 but like if you look at the spread and my average is 848 I'm in between the spread the bid is 846 and ask is 850.

so that's why you know these like higher spread stocks you you gotta be able to have the heart for it. Okay but for me this was okay and I don't really have any plans on adding into anymore I think 500 shares on this stock. with such a big range we're talking about twenty thirty dollars. That's that's why that's all I wanted.

Okay so I'm looking for the first line which is that 8 30s area I believe that's gonna be my first price Target because that's the daily level here on the daily chart. so that's what I'm looking for. You can see the stock is trying to hold up at 8 30s area. so I'm watching this to see if we we you know keep on getting a lot of bids around this area.

I think I'm gonna cover everything for either a small win or a loss. A small loss. So fast forward a little bit. Here you can see the stock is still consolidating around that view up area.

I'm gonna stock like this. I definitely use a five minute chart and once again, I'm looking for that breakdown to 830s. That's all I'm looking for I'm up. uh, about six dollars per share.

but once again, it's deceiving because of the spreads. But I'm looking for a drop and I'll draw on the cover and get out. but I believe I ended up breaking some rules here in like outstayed for way too long. but I really wish I covered some into this 835s.

that's gonna be the lower day and testing that pre-market support area. We really wish I covered into this, but you're gonna see I made some mistake here. like even right now it's printing through 8 34, 834, 831. That's the bids and you know I'm up a decent amount but I still didn't cover I really wish I had because you're gonna see I get trapped later on.

So I'm really sure I just covered everything I really wish I did. but I didn't. If I just cover everything into a 30 twos, they'll already be like a 10 grand day and I'll be done. but no.

I I definitely I'll say you can see I'm trying to cover 200 shares at 8 30 but I'm not gonna get it because it's holding that 8 30 support really really well. and the spreads on this is just nasty. So that's the reason I said man and mentioned earlier. This is a risky trade because of the volume and the spreads and the fact that it has positive news.

Nope, you can see right away we pop back up. This is what happens when you're trading low volume stocks even now. I don't even have that many share sizes. 500 shares.

that's enough of a fluctuation between we use already a five grand and now negative 500 dollars. You can see on this little pullback here. I finally covered some So I covered 200 shares at Um 841 I think or 840 I'm glad I covered some I was like nervous not gonna lie. So at this given point you know the worst that can happen is Break Even if we skip up through V-wap and I'll get stopped out and I'll probably give back everything.

but at least I wouldn't lose a lot of money. So this is what it's called. like adjusting your risk as the trade goes on and of course according to price action as well. So fast forward here: almost 10 o'clock You know the volume really dropped a lot so you can see that's right.

No, I'm trying to cover it now. so the stock was already low volume to begin with, but whenever you see on two minute or five minute charts the same, the volume you can see down here drops below 10K That's when you definitely want to consider just getting out. So that's what I'm trying to do trying to get out in small pieces. 100 shares say 100 shares shares there I Want to get out before the huge squeeze.

Not saying all the low volume traded stocks will squeeze I'm not saying that, but then it becomes a 50 50 event at this point. and I don't want to sit through low volume consolidation if the consolidation was higher volume. I would be okay sitting through that because you can read into the price action a lot better when there's no volume and the price just kind of. Teeters around the support area that looks like it's gonna break down, but it just won't and there's always like an underlying bit around 8 30s a31s you.

you want to be cautious, especially if you're short. so that's why you know I want to get out so you can see I finally got out at 8 32 area I covered another 100 shares now I have the remainder 200 shares. Even like re-watching this recording is like making me nervous I'm like just get out. please just get out.

Yeah cause the dropping a little bit more. 8 26 I see I think a 26.50 Wow. risky once again. risky trade.

You know, don't do it if you're a beginner. just paper trade this. okay on small size. See if you can actually sit through the consolidation on small sizes even just 10 shares.

This will be like a difference of a couple hundred dollars on each. Skip right? Oh I got filled and not 100 shares unlocked in eight thousand dollars at 8.27. No I just have the remainder in 100 shares I Want to see where it goes I guess oh no I'm trying to get out yeah I Think it was a good idea to just try to get out. 827 was the lowest point that I got on this.

you can see it's starting to like bounce a little bit back to like 830s. back to that previous um support area you can see on the five minute charts on the five minute. that's why I keep on switching between two minutes and five minutes on the five minute you know volume is starting to come in. That's a bigger picture right? and then you know you're back at 8 35.

So no I want to get out the Fielding a lot of shares down there at 8 35, 8, 34 earlier the print um 827 the volume was so low. so at this point I think I just want to get out on the five minute chart it looks like it's Consolidated Okay I got out everything at 8 36 I believe So locked in 9 400 dollars. So this is really a one-to-one risk award so it's not the best trade so that's why it is also risky. but you can see if you are cautious like I was talking to the through the consolidation stage.

Why I covered everything instead of waiting for another drop to 800, then you know if you're able to hit it and leave it like we just kept. Keep on saying throughout this video you can still make some decent profit. Um, and I close all the trades by 10 o'clock. So I got out here 10 o'clock so this is a 30 minute trade to make.

We've talked about 9 9 400. So here are the key takeaways from this strategy in this lesson: A very, very risky trade once again, pretty much a short and also an overnight Gap up scalping. On the short side on the strategy, Number one, You must be very cautious. if you are short in pre-market on a very low volume stock such as this one, you must size down.

You know, look for the spread, see if you can either handle that, if not, size down one tenth of your regular share sizes. Number two: Be cautious if there is actually positive news for the stock. I mean we're talking about a 300 overnight Gap Up there was news. so if you're shorting this, be cautious.

If you're long right then that's probably a good time to look for reversal on this Now saying to a low long the huge gap. but you want to wait for the reversal midday. And last but not least, once again as we keep on repeating throughout the video, hit it and leave it okay. don't outstay your welcome.

You need to watch when the price action changes, especially during the low volume consolidation time you saw and just cover everything up. You know you are not gonna make you know the most money you could, but you know you need to be able to get out and protect your profits or break even stop on the name if you are a beginner. Trader The first two scalping strategy on the short side and alongside are probably more suitable for you. The third strategy on pre-market trading and short selling Huge overnight Gap up like this I Would only recommend that for more experienced.

Traders We talked a lot about price action in this video and that's something you definitely need to master in order to trade all three of these strategies successfully. So you should check out this free crash course on price action over here in video and I'll see you over there. and if you want to learn directly from me and the rest of my trading coaches then you should check out the Humble Trader Community down below. If you learned from the strategy, then make sure to drop a like and leave any questions for me down below.

I'll do my best to answer them. Thank you guys so much for watching! As always, I'm the Humble Trader and I'll see you guys next time.