So, unfortunately, after a long weekend and coming back uh, i'm ending the day, not monday tuesday, with a small red, i was really excited to trade. I planned out all my trades and i kind of just got chopped up. So let's go over some of the trades right now, so i think the the most difficult trade for me was acrs, both on long side and short side and that's a stock. I ended me um, a small red on a day, just a little bit over 1k.

Could have been worse but could have been a lot better too so um acrs the thing with this stock is that um, it's very easy to borrow so that made the stock very crowded on both sides. I was short early on and seeing that giant, fakeout breakout around the 15s, so i was shorting according to that risk level. Um and then i didn't have to stop out for a loss on the short side once they kept on holding the low 13s and held 14. That's where i stopped out for a loss, and i did try to go in for the longs, but the stock.

You know it keeps on break out and then pull back a lot more. You can see it did that once here uh one more time here and basically over here and here. So that's why i got chopped up. I did go back in and for some longs and both loans and shorts, but i just kind of got chopped up.

It just didn't work out so acrs. This is what happens when you try to trade in easy to borrow stock. That's also up what um 150 180 on the day it gets really crowded um, because the shorts are being squeezed which was me early on and then the lungs, the breakout just wasn't that clean. So it was a tough trade in hindsight, if i just avoided the stock, i would have done really well on some of my other trades that i was watching so acrs.

Now it's breaking down, but also done fighting this unless they really, you know, try to retest the highs and hold the 18 levels again. I think this might start fading down back to 15.. So yeah learn from my mistakes here. Don't try to fight these easy.

To borrow stocks, they were easy to borrow at a lot of brokers, interactive brokers, also at cobra at center point they were pretty cheap, so there were plenty available. So that's how you know a stock is easy to borrow is when they are both cheap and also like anyone with a with a small two thousand dollars account could short the stock and interactive brokers. So let's learn acrs. Sometimes the best trades would have been to avoid this trade, which is something i really should have done so uh.

Let's learn today. Now the next style is tilray, so this one is one that is on my main watch, but unfortunately just kind of did um the the the downside move already right off the open, and i can't chase the weakness. If you see on the daily chart uh, we had a breakout on friday and sold off the breakout. So to me, that's bearish and it's also a giant extended first red day um on friday.

So today, i'm just looking for a follow through to the downside and unfortunately, it kind of really did the move that i was talking about um from 1960s. You know test the previous day closed and then we just flushed down to 1770s today so um. I couldn't change the weakness. I waited for the balance to scale in short, smaller size, just because it's you know it's not like a big bounce, all the way to 19, which was the level i was looking for so scaled in no smaller size, 1850s added.

Some here around 18s, we did flush down to 17 7 40s. I was trying to see if we're gon na, you know, keep on making new lows of the day, but once it starts making these higher lows, that's why i, you know covered all of it. Um and i waited until it reaches around the 1910s 1920s. That's why i scaled in short again and got some decent small downside to 1870s, and once that's held, i thought this could start.

You know holding trend to the upside. That's why i took all of it off and the stock kind of just faded down to 1850s and then had a decent bounce back to 19, the same levels um and now we're kind of fading down again, so till ray was the stock that was on my Main watch actually, but i kind of took it off because i was focused on acrs, so you know i really should have you know, focus on the till rate instead, but um. You know it just kind of a lot of times. I don't like to trade.

The stocks that already made the move, i was looking for right off the open because a lot of times when they, especially until rate they triggered ssr once the stock dropped to, i think, like 1780s, the ssr was triggered and it just makes it really hard to Short, even though the short did work out, but you have to wait um a lot higher than you would expect. You cannot just short any bounce. So that's why you know i was relatively relatively small size on theory and i didn't get to really do the execute. My setup until later on around 11 o'clock, but this was a decent trade and a lot cleaner than acrs.

Next one gb ngo was a small red uh. I was thinking that we're gon na hold above the previous day's um 950's level and for a bigger squeeze to ten dollars and potentially go parabolic. If that happens, so i started aiming with a small size didn't work, so i just stopped out around 950. So that's about the 30 cents loss on starter size.

Now the next stock is gme gamestop. So this one was a huge disappointment for me. I was more long, biased seeing that once it broke above you can see it broke above the steady highs of 43s. I did think that we're gon na keep on pushing towards the upside and around this time, citron came in with a short report again ruining everyone's party uh and the stock dropped from 43.

All the way down you know broke the low of the day, which i thought it was gon na hold. You know i was watching for a reversal, the same broke down 40s and went all the way down to 37.. I wasn't trying to pick the bottoms on the stock, but i did think it had a decent reversal, because if you look at the last few days on a daily chart, um gamestop this stock once it reverses, find some low of the day support. This thing does climb back to near heights, which is what it's doing right now.

That's why i had a small starter around the 37 70s, but around this area um. It got really slow and i got really impatient so i got out so i'm all out of the stock and the stock. Just you know back over 40s now so that's unfortunate uh. I was looking for the big reversal move, which is doing um about 40 to 40 ones, but unfortunately, i'm all out already so a little bit of a choppy start to the week.

It is a shortened week um, so i think, have to be the extra patient for the rest of the week and hopefully we get some more decent plays and not the choppy action like acrs, but maybe we'll get some long continuation to the upside for gamestop gme, We'll see i am ending the morning session with a small red, but we'll see if afternoon was set up for some more opportunities to trade. Okay, now it's time for some q and a's. So we have a question from mike, so he has three different questions. I've noticed you jump from large caps to small caps to no names like lmfa.

How do you pick your stocks to trade for the day? Do you just focus on some of the overnight gap up and see if you can write the momentum into the opening bill? Uh so he's asking also asking if i trade a lot pre-markets, i try not to trade pre-market so to answer that question write the momentum into opening bill. No, i do not. I try not to trade pre-market and even if i do, it would be very small size. So, for example, if my full size is a thousand shares, then pre-market, i only trade 100 200 tops.

So whenever you see me trade pre-markets, it's a very, very small size and relative to my overall position, and how do i pick my stocks to trade? So i use trade ideas and benzene scanner and every single day pre-market i'll wake up and i'll look at the stocks, that's gapping up and not just the gap. Ups, i want to look at the gap ups with news, so that would be both. You know a lot of times you get both the small caps to pick from, and also the large caps, and that's from where i narrowed down to picking which ones has more possibility of a momentum to the upside. So i actually did two videos on how i prepare my watches pre-market.

You can check that out now. His second question is that he noticed that i entered a short position magically right before the stock peaks and reverses. How do you tell the stock is about to reverse, while it's still on its way up um price action, l2 resistance of the above, so the answer is all the above. So if we just take a look at this till rate trade, i shorted um.

The reason i was waiting for these 19's levels, because that's also close to the opening price, which was 1920s and uh you know yeah. The stock is on the way up. So yeah, like you, said i'll, look for price action, level, 2 resistance. Basically, all the above.

That you said, but mostly it's waiting for a level that has been tested before and this level has been tested before right at the open. So that's why i was waiting for those areas. There's no such thing that if i enter a stock short it just magically goes down. I wish, though, then i would have done a lot better, um acrs and on the third question regarding gme, it's the same answer as number two.

Basically, i wait, for you, know previous support or resistance levels and look for the price action to reverse, especially looking at l2 and the tape and seeing how everything is slowing down and reversing. So very good questions mike and what i found about. Newer traders and beginner traders - and i'm sure i was like this one - you know first started out many years ago, a lot of times. New traders are looking for one or two specific answers to to.

You know all these questions, but in trading there's no black and white, and so there's no one answer. That's gon na answer. All of your questions a lot of times, there's multiple factors lining up that will lead to your decision to to buy or sell or short, and it's often the setups and the decisions that involves multiple factors could be fundamental. News could be, you know the the technicals.

Could also be the price action l2. Everything lined up will help you make those decisions, whether to execute a sell or buy so again, there's no black and white answers in trading anyways. I hope that helps you out. If you have any more questions feel free to leave them in the comment section below.

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