So i have a funny story to tell you yesterday i decided to go and get a haircut, but i didn't know that when you sign up for a haircut, your hair is not the only thing that gets cut in half, so is your trading account just kidding? I did not lose half of my trading account, but i am ending the day red after a couple of really nice days, i'm all green. This week, until today, where i took a red day, you know honestly, i've been trading pretty well the last couple of days where i'm trading a lot of on the long side on the front side. Yesterday was the day i shorted it and then also i traded amc on the long side, the last couple of days as well. So, let's dive into my trade on majorna mrna right now today, um i longed majorna and uh.

This is the the big red for me today. I've done well on this stock. The last couple of days um yesterday, i shorted this move around the 317s down to the 308 um and then the day before, i was long on the way up and then same thing on the way. Long up there as well um all longs pretty much since the day it broke up to new all-time highs.

It's in my last couple of recap: videos, and you know decent news. Stock trading near all-time highs, um! It's really until this move yesterday that i started getting more interested in the short side, but i've done decent um mrna on the long side, um all the way, the last couple of days. So the reason i showed the majorana yesterday around the you can see 3 17 area. Here i covered shorted some more covered into the flush and then covered all and re-shorted down to 308.

That was decent move on final piece stopped out here. Um i traded mrna on the short side. First of all, it was red on the day yesterday, so that would technically be the be the second red day and i'm waiting for the move to 317s area, and the reason i was waiting for 317s is because of this big flush-out move that happened on tuesday. When the stock went to new york time highs 340s and had like a midday sell-off from 340s all the way down to 330 303.

So that's a 40 point drop on mrna. So that's the reason. I was more interested in the short side yesterday around this area because you can see this is the area of some decent resistance here and here and that got respected the same way as well yesterday. So you know i've been doing decently on mrna on a long side for last couple days and on the short side.

So today it's time for me to give back to the stock, so i lost today on mrna on a long side only um. The reason i was more long biased is thinking that if we can break out through first of all yesterday's ohio day and then through you can see, we broke out above that area for a while. We can push to yes, 330s and above to where we came from yesterday around 3 30, 3, 32 and 3 35, and i had some decent entries um in the morning as some entry here, starter 3, 23's and added on the way up: 3. 26.

90S. So up here i was up decently, but i wanted a bigger move to 3 30 and, like we talked about so that's why i didn't sell. If i had sold, you know yeah that would have been a very green trade, but i didn't i was trying to let it work, but uh. This stock was very, very um bipolar.

Today, the morning break i was really strong and it just slammed right back down. So i respect my stops: doesn't matter how convinced i am or how high probability of a setup it is. I still respect my stops, so you can see this thing got. I got stopped out here.

Um. It was not fun stopped out here. All the cell candles and the stock tanked a lot further and yeah. We got decent bounce and they go back for like some smaller scalps here, the v1 reclaimed three third 20s and added some and sold into the push.

And you know i tried it again didn't work out, but um, but the the most of the losses came from this huge candle right here. This loss on the way up, um. I had an average up here after the ads on the way up, but like three. Twenty six fifties and then it was not fun to lose like five dollars, almost five dollars a share, so it has some decent size on it and uh yeah sure i did make some back on the secondary move from the v1 reclaim to the push but um, But no still it's not recoverable at this point, so i am ending the day red because of this sticker, all the other stocks i traded were green, but my main focus was on and a and that's just how i trade i like to have one focus.

Sometimes two, but all the other stocks i trade, will be on kind of like sidewatch, smaller size and kind of just taking like some scalp moves. But today i was really looking for a bigger move on mrna, but just didn't happen, but um all the stops are respected. So it's not a detrimental um damage to my account. The next stock i traded is igc.

This one is a stock i've traded in the past before it's uh, it's a cannabis stock and if you look at the daily chart, this thing has been long time down: trending lots of spikes around the 440s 360s and above it has you know all the all. The you know the the bag holders that sevens nice eights all the way to double digits from the marijuana run in um in 2019 and 19, but i haven't traded the stock for a while. But looking at the chart is the reason, i'm more short bias on the stock um, especially when it was trading around the 450s. It was trading very high volume pre-market, so i did think that it was gon na test, the fives and six.

I didn't think they're. Just gon na spike and sell off that quickly. So that's the reason i kind of waited for a while to enter the stock short just because i want to make sure that once i do short the stock, it's confirmed that it's going to be the backside, and you know this uh actual selling pressure. So i left the stock alone um in the morning when yeah it broke out from 380s to four dollars.

It came back and then spiked up again broke through high of the day. You can see 440s it broke through and they just went to like 464 and slammed right back down. So that's an extremely bearish um outlook and bearish price action because obviously someone's selling into the breakouts. If you look at the volume, this is the highest volume traded on this whip saw candle here, you can see the stock four dollars to four sixties and slam right back down, and that happens so quickly, so someone's executing a big sell order up there.

That's the reason you can have a candle slam right back down like that um you can. If you look at this candle on the two minutes, this, this red candle is a 13 million. So that's extremely high um volume you can see after that slammed down this thing, just never tested four dollars or even um yeah. It takes a viwa, but it was not strong enough to go above the four dollars.

So that's why i was more bearish on the stock. I had some like, i said small position. Short 370s. I covered most of it around 3 30 reshorted, some didn't like it and then covered it out and but at the same time i was fighting mrna.

So i only always had like a short position like a small short position. I wish i can say: oh it's like full size, but no, it's not, and then i left this thing alone as it tested the water. It was going to re-add around four dollars. If we ever test that area, we just didn't um retest it slam right back down and i kind of want to restore the breakdown move.

Here i did re-add three 40s um and seeing that this could be a trap move, i got out some and then it's only until this high confirmed to be a lower high. You can see this high was 360s compared to 380s compared to 420s. So that's the reason after this move failed um, i read it to the shorts, got some decent reacts here, 330s and which is we just been since then, we've been fading from 330s all the way down to my covers of 290s 280s and now 260s. I still have a final small couple thousand shares left that i'm just gon na leave it alone and see whether i break even around my averages.

Now i have three twenties, even either i break even at 320s or the last couple thousand shares, or it just keeps on fading down to two dollars at the end of the day, so the next stock i traded in a similar way as igc is prfx. So this one was up on no news. I couldn't find news whatsoever um, but i do think it's a sympathy with the n-u-r-o. The the low-flow stock has been going from what ten dollars to thirty and a lot of times when you have those low floaters that just go up like thousands of percent or like 500, or something um that that's.

When you wake up a lot of these other randoms low float, small cap runners and prfx was one of them, but this thing is up on no news. First of all, and it's a terrible daily chart, it was gapping up to the decent resistance on the daily around sevens and even eight. So that's the reason, that's kind of the area i was looking to short into it. You can see pre-market already faded down.

I did not show the weakness. I waited for the huge pop to 640 650. That's what i got in short at the unhold. It would have been better to add up here, but i was too slow because i was focused on mrna and by the time i see the unhold.

This thing is already sold out from 760s down to 660., so yeah. I did added some small and cover some and it here on the lower highs, 530s, 550s and cover into the flush. But again this is a small position short. So it is a green trade, but it's it's not enough to offset my material loss but anyways.

I'm really short: shorted 660 covered some re-shorted here and covered into the flushes fives and four thirties, and i'm all out on this trade. So i am ending the day red here, um it sucks, but a small pullback and i would definitely be okay. So the moral of today's video is don't get haircut if you're a day trader. That's it! If you get a haircut on your hair, your account is probably gon na.

Take a small haircut with it be careful out there. There's a lot of these small cap. Low float, pumps going on left and right always manage your risk and trade. Your own plan.

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.

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