Before we start the recap today, there's some exciting news. Oh my god, i got recognized in public in real life this weekend. That's something i thought would never happen in real life and i'm still a little bit shocked. But i'll tell you the story in a little bit, but as for the market showing up today is definitely one of those days where you look around you're.

Just like hello is, is anyone here, i guess anything. Gon na happen like what's up hi the market's open wake up. No one showed up to the market. I still took.

You know two trades um a couple. Others like small scalps um, but it was. It was a really um quiet day. Let's just say that so the two stocks on my main watch list was this disca and viacom discovery channel was up with the the partnership and uh new standalone content company with um att um.

So that i mean that's positive news and viacom. It was up from george soros, taking a stake, but if you look at the daily chart for both of these stocks on viacom, you can see a huge drop on the daily from 90 down to low 40s and same as on the discovery channel um. Both of these stocks, if you you can look at on the daily chart uh, you know it's a it's a stock that basically got dumped um from the highs all the way um from this one from 70s, all the way down to 34.. So both of these were parts of the the.

What was it the arcade goes, hedge fund blowing up - and you know they had to you - know liquidate their entire position. So that's what caused a huge dump, and today it felt it was just another press release to get the stocks gapping up and for them to continue selling off. If you look at the charts on diska and also viacom, which was the first stock, i started trading today, both of these look extremely weak today, uh, if you look at viacom like i, i was short biased on both of these stocks um and this guy. I didn't get an entry at all until much later, but on viacom.

You know this isn't gapped up from 38 90s to 40s uh. When i started in scalding and shorts around the key levels, 40 dollars and 30 cents, 40.50 area actually got stopped on starter. First and after seeing that high of the day rejection slammed back down to v-wap and on the pops. That's why i started adding back into the short position so after rescaling all the shorts around 40, 20s and 40 40s and later on right here, 40 20s.

I had a pretty decent average about 40 30s, but keep in mind. I did take a small loss early on, but after that scaling we got a nice unwind um down to 30 90s um. I was out half of it. Around 39 60s had to react, and i just decided to take um all the short position off, and this thing you can see after i covered it, just tanked from 3960s all the way down to previous day closed um 38 90s and went red on the day.

While i was short buyers on this, i did not think it was gon na give back the entire gap um. So that kind of that's kind of how you know like when the bounces are so weak and you could not even retest even v-wap or back to 40s. That's where i was looking to re-re-short and re-enter the short side position. It was just a week.

It's in a straight um, downtrend all day after it, cracked the the forty dollars mark around 950s, so just very weak. This is this is how you know the stock is weak and they are still liquidating their their positions. They might not be done yet um even after a month, so that was viacom. I left a lot of money on the table.

Um i mean in hindsight it looks like you could have. I could have. You know went back in and re-short these little retests of the the pre-market lows around 1939 80s and you know down to 39, but there's no way. I could have known that this was gon na, be this week um, and it would feel like it's chasing the weakness on the short side, and i don't really want to do that.

Um, the other one that missed completely is discovery channel. You can see after the 42's breakdown pre-market, it went to 40 dollars that was gon na be the level i was watching for the short at the open, 39 spike to 39.70, and just just no bounce whatsoever straight down liquidating 39 70s down to 37s. So a lot bigger range than viacom and 37s down to 36 previously closed and even went red on the day. I just had a small scalp, knowing that you know it's already so weak, so it's very difficult to to sh short the weakness, knowing that this is already kind of like below red on the day uh.

But this is indeed very weak. It does feel like they were just selling um, taking advantage of the overnight gap up to sell, even more shares, and let's be clear that when you see these kind of heavy sell-off and uh, you know the the volume breakout on the daily with the sell-off side. Um, this is the the funds and whoever was still holding the institutional positions on the discovery channel liquidating the position. So it's probably still the the archaic goals fund.

They had to like slowly liquidate their positions, um, but it just it's just very weak. So this is the case where um no matter, you know whether the indicators or the or the anything that tells you it's along um us little. Retail traders cannot fight the funds if they decide to sell the position on the stock and same thing as viacom and the charts look very similar. But viacom was a little bit better because because it actually gave us a little retest to at least high 40s to short into, instead of just dropping right at the open, like the disco.

So a slow day like this with so minimal trades call for a story. Time so i've never been recognized in real in real life before um, and but that actually happened this weekend and of all the places that this would happen where i would get recognized with a mask on in public. It would be yes, you guessed it right, a bubble, tea shop, a huge shout out to tiger sugar vancouver the owner was there and he recognized me - and i guess my friend as well, and treated us to uh to some very delicious black sugar bubble tea. So, thank you so much for that.

I was i was in shock. I was probably more like more in shock than he was. I was just like standing there awkwardly for a couple of seconds. He was probably thinking.

Oh, my god, this humble trader really is as awkward in real life as she is on camera, but yeah. That was just such a cool and sweet experience and i never thought that would happen. So thank you to everyone who supported me and uh. You know if you guys happen to see me in real life around vancouver.

Please um, don't hesitate to like come up and say hi um just keep in mind. That might be very awkward and i don't know what to say. We do also have some trading questions that i want to answer um. The first question is from cardi, essentially she's, asking that if i'm trading more pre-market in the current market sentiment after seeing what happened with disco and viacom, especially what happened pre-market, i think i think you know this is - would be the market condition where i can would Consider more pre-market trades.

I usually try to avoid them, but recently most of the big moves happen pre-market with a with the breakdowns um. The breakouts are failing as usual as as it was the last two weeks um, but the big sell-off on the on the on the gap ups happen pre-market. So i might consider that, but usually i try to avoid too much pre-market trading, and even if i get into any of these trades long or short pre-markets, it would only be pre-market size and i always prefer to add into it after the market opens with more Liquid action and more range - and you get the highs and the lows determined on the day, and we have a second question. It's a very good question from big bola, so he's asking that what how long within my trading career did.

I start trading high price stocks like tesla because they use a lot of margin um, so i tesla wasn't always this expensive, though remember tesla was once only a hundred dollars 200 and 300 dollars um, and then that was also a pre-split. When i started trading uh trading, these large cap stocks, i would say, with a stock range above 100. I didn't start trading them until year, three and four, but my focus early on was on the in year. One and two was on the large cap stocks as lower price range around 30 to 50 50 dollars was the the perfect perfect sweet spot.

I think for the large cap price ranges, because, with a smaller account, like i had at the time year, one and year two, it's all about account building right. If you are trading a small account, that's probably your goal as well for the large cap stocks. I always recommend them over the small cap stocks for account building because for large caps, even if you can only take 100 shares with 50 shares, they are more predictable and they tend to hold their trend. So you know if a large cap stock 30 stock move a dollar 50 shares has 50 100 shares.

That's a hundred dollars. You can really start building your account slowly like that, even with 50 shares. That's no problem at all. I have done a video on this.

On how i built up my account, if you want to check that out, if you have any more questions, feel free to leave them in the comment section below. Thank you guys for watching stay, safe 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.

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