Hello, everyone happy friday, gon na end the week a little bit earlier today, um because i also have family visiting from taiwan, so i'm just trying to take it easy and not trying to do anything stupid on a friday. I think it's important to know that which days you historically do better or worse, um. Historically speaking, fridays are my worst days so today, coming in i'm just kind of trying to size down and taking it easy as well. So let's look at the first stock.

I traded it's mrna on the long side um, so they are um. It's being announced that they're going to be included in snp 500 and replacing another company. So obviously, that's really bullish news for mrna moderna and if you look at the daily, the stock has been steadily trending up and breaking to new all-time highs, and i think it's just a couple days ago, where i said stock has breaking through all-time highs. I don't short it, and usually there are better loans on dips, and that was the case for mrna.

Today, you can see a pretty big gap up if you look on the five minute. This in previous day's close was about like 260's gapped up all the way to um 280's, and i'm not gon na lie at the open um. This little spike can drop spike from uh the open to 278 and dropped down to 271, and i started making like this low volume consolidation around here um. I was watching it and thinking that you know this does not look like a good lawn because of all these wicks.

Yes, it is slowly reclaiming viwa, but it wasn't on high volume until it really actually broken out so um, especially when it's on friday i was trying to be more conservative, uh, perhaps too conservative, but you know it's better safe than sorry um, but uh. That's why? I was looking at the stock on the five minute. Instead, after five minute breaks out, you know breaking through the pre-market highs 280s to 82s. That's why i started getting in long small size.

I never got any big size trading today, just because i'm really trying to be careful um today, um 283s 284s. I added into it sold some into the push 287 60s and i re-added back some 283s on the pullback and by the way, on a stock like mrna, especially on a friday where no, yes, the volume eventually did come in, but at the open it was kind Of choppy, so i was try trading on five minutes after seeing that chop around the view up area that i showed you guys earlier so a lot of times on these large cap stocks uh, if it's choppy, if the volume is not consistent, if the spreads are Wide then i go to use the five minutes, so that's what i was using today on mrna executing on the five minutes. Um bought the dip here we added some - and here this is where i start start getting chopped up even on the five minute it was. It was a little bit uncertain um.

So that's why i got chopped up got some out some here and i re-bought some re-bought some here um pretty much everything here. I started giving back money up here so um. Usually, that's a sign that i know that if i start giving back profits, you know once or twice um, then i should just leave the stock alone sure i could have made more. But after giving back, i think i gave back about 30 of the profits on the stock.

Usually you know that's a sign that you know i'm starting to force trades and it's important to kind of know that about yourself. If you see yourself giving back some profits. 10. 20 - that's fine, but if it gets to the 50 mark a lot of traders, that's where they get into the trouble of oh, they get frustrated that they lost half of the profits and they tried to do everything they could to make it back um.

But on a day like friday, where things are choppier volume is lower generally, not as many uh gappers or stocks running, then that's where a lot of traders will start running into trouble and instead of give back everything, if not more and going from green to red. On the day, i'm speaking from my own experience, so that's that's what i mean by you have to know yourself. You have to know your own personality and what triggers you and giving back profits, i know, is one of the things that would trigger me personally. So that's the reason i know when to just like leave the stock alone.

So after this i just consider um reloading around the 280s, but you know after seeing the this action steady sell off on the five minutes for pretty much like 30. An hour straight, i decided to leave the stock alone, and i think that was a good decision, even though i did give back some profit but um. You know i am still agreeing on this trade. The next stock i traded is sgoc.

This is just a scalp short uh. If you look at the stock, this thing was kind of started running up on july, 9th from wow three dollars all the way to nineteen dollars the first day and the second day went all the way to twenty nine dollars. Um on that day, that was pretty impressive. I think i did trade the scene on the long side.

I forgot it was this day with that day, but it was in one of my recap: videos, uh, and if you look at the daily the last couple of days since pretty much on the first red day, uh wait, i just short the stock on this day. I remember no on the 13th, but if you look at the 14th and 15th every single time it tries to push towards the highs um it gets sold into and over here as well. So that means there's a lot of selling pressure around there and that's because they probably um got a lot of people trapped on the long side up here, around 17 19, even above all, the way to closer to 29 dollars. Because, when the stock, when their stocks like these, i just go straight up from two three dollars to 29.

Like nobody's business a lot of times, they trap a lot of poor loans and, unfortunately, who are bag holding the stock on the on the way up over. Here so follow your stop losses. Don't bag hold the stock um? It's always sad. After seeing a lot of these runners like these one or two days, usually the third or the fourth day, they are still seeing people commenting that they lost a lot of money.

Um going back to stocks like sgoc um, so you know it's really sad to see that and the youtube comments section is a good sentiment gauge um. Where i see oh, when there's a lot of stocks running up, you know it's sure it's easy to make money because you just click, buy, buy, buy, but on the red days where these um parabolic breakout stocks pull back a lot more than most people have thought Of usually the newer traders who are just buying whatever is up or following chat room alerts, that's buying all the breakouts on the way up. They try to revisit and that's usually where a lot of people unfortunately blow up. So i was in that boat too.

My first year in trading, so that's how i know about this, but anyways, that's the reason for the shorts, because if you look at the charts the last couple days every single morning push especially this day, i didn't show it on this day on the 14th. If you see uh it nice all the way to 19 and after that, just no bound city whatsoever. Same thing again, yesterday, spike from 12 to 16 and just dump so today exact same thing: spiked all the way to 1440s actually didn't have a big position because um the locates were kind of expensive, but i did short partial size at uh up here, 14 25. Shorter here covered small, actually, no, it was a scalp, so i covered all of it.

I had a small research around here. Just tiny, tiny, like 50 cents - nothing much but uh yeah, but that's the reason you never want to buy these kind of breakouts. There's a lot of people trapped um on the on the long side, all the way up here. 23.

28. That's the reason each spike it's sold into, because if you are stuck holding a stock um, then you want to get out right. You want to get out for a smaller loss, so anyways, that's just kind of like the thought process behind this, even if you can't short just don't long, these kind of stocks after the huge run up on the first day and second day, just don't visit these Stocks after on third, fourth, five, fifth and today, so it's just as important to know what kind of stocks to avoid um as it is to know how to make money in trading, because it really doesn't matter how much you make if you keep on losing it Back on stocks like these next one is uh neg neg new egg um this stock same as sgoc i mean, if you look at the daily chart, it's exactly the same right. The huge run update one two will actually started running for a couple days, but uh.

It really didn't go parabolic until this day on the seventh um. Both of them are from the beginning of this month, so this thing ran from 29 all the way to 75 um. I think i also traded this long on this day and i sure did on this day the second day. It's in my past recap videos um, like i'm not making up okay but anyways.

If you look at the daily chart ever since that huge red day um, it hasn't been able to reclaim sixty dollars and each spike it's sold into red day red day spike and sodas like in sold off um yesterday as well, and today, that's the reason i Was more short, biased on the stock? So when this thing spiked to 35, today 35, you look across the last couple days, trading on the five-minute chart or even on the hourly chart you can see. You know some decent spike resistance around this 35s area and then above that you have 42. So that's the reason i had to smoke shorts around here. 34.

60S. If that breaks high of the day, i'm going to stop out and wait for the stock to perhaps go to 40s or 42s, but, as you can see, execution-wise after this huge spike to 35s um, i got in the shorts. It was kind of expensive and i definitely did cover the first piece way too soon, because on the i was looking at this on five minutes and two minutes, it kind of looks like it was consolidating on the two minute chart. So that's why i covered some of it uh, but after that the scene just dumped and then i covered from 34 50s cover small thirty fours and i was out of the rest at thirty one dollars and sixty cents, both neg and uh.

What's that stock sgog sgoc they're, just uh small short scalps for me, so this was a pretty straightforward day. Nothing amazing! Today, it's a slower friday. I think i stayed pretty disciplined, even though i did give back some profits. I was able to catch myself doing that and just stop over trading um moderna stock overall.

So if you find yourself in a similar situation on fridays or any particular day that you're tracking that you're just bad at trading - let's say it's a monday or tuesday, then it's a good idea to kind of you know catch yourself on that day or size down. Knowing that you tend to force trades or you just make bad decisions on those days, i think for most traders it would be monday right because a lot of people just formal and buy everything on mondays. But for me it's a friday and that's why i'm extra cautious today, if you guys have any questions, remember to leave them in the comment section below and i'll try to help you out. Thank you guys for watching and stay safe.

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