So i'm pretty sad to tell you guys that i had a pretty big blow up last friday. No, i did not blow up my trading account uh, but i did blow up my microwave yeah. It was pretty bad. So let's talk about trading now the first stock.

I traded today is amvs, so this is a stock that i did not trade on friday, because i saw that it started running after the open and i really wasn't watching it. I wasn't prepared for it and on friday again i blew up my microwave in the morning, so i just could not deal with um this kind of squeeze um, whether it's on the long side or short side, but this thing traded very, very strange. Um had some decent pullbacks, but i didn't trade on friday. But today, if you look at it pre-market today had a you know: small very small gap up from previous day, close of 59 decent move, pre-market bouncing off the previous day, closed stayed green and at the opening is rallied into the 70 level.

If you cannot draw this support or resistance line this level on the charts here, if you kind of look at how it traded on friday, this is a decent consolidation level that led to the breakout, move and then later on in the afternoon, once it broke down Around the 70s, that's when it flushed down to 54. So that's the reason. This is the first level i was watching at the open, i'm seeing that it's pretty much squeezed into the open from 64 to 70s. I took a small short around those levels.

I was not trying to top ticket. In fact, it was only a very, very small position because i want to see if it re-tests the same level, whether it holds that and break out to the upside or just keep on failing, like a double top and then sell off. So you can see. I took a starter shorts around sixty nine dollars and fifty cents i covered half of it down at sixty six fifties um and then once it popped over um.

That's why i just got stopped out break even all the way up here on the remaining half of the shared positions and around that time is where i started looking at spce, so i never went back into the short, even though in hindsight i wish i did, But everything is clear in hindsight right um, so once you can see that re-test of 70 failed, um just broke down and then just it stayed very, very heavy uh. Once viwa broke down, it just flushed all the way to previously closed, sixty dollars and then went red on the day and then now it's trading at fifty three dollars. Needless to say, i definitely left a lot on the table um, but judging at the way, this thing squeezed um on friday, you know that's the reason i was trying to be more cautious, um i'd rather i'd. Rather, you know wait for confirmation.

Wait for a retest of 70 then to kind of short the weakness and only to have the stock reclaim and then squeeze me out um, so i'm just being trying to be cautious, especially being that it's a monday, um, historically speaking, a lot of low floats on Mondays, they tend to squeeze a lot higher than you think and that's why i'm trying to be careful on this one. The next stock i traded is spce. If you guys remember last week on thursday that was a stock i traded on the short side, it was very heavy and then you can see a trade traded kind of similarly on friday. But if you kind of look at the way it trades on friday um it did sell off the gap at the open, but had a very strong reversal.

You can see it once it bounced from 19. It went all the way to 20s reclaimed, v1 mid-day and then grind it up into close near highs. And today, as you can see, we had a very big gap up from 21 dollars, all the way to uh 28th in the nature on 27 um, because they had a test flight over the weekend um. So that was that was why the stock is literally taking off like a rocket, but at the open you can see this thing, which is very heavy.

I did exactly the similar move as last thursday and friday we just sold off the gap at the open. You can see a failed 25 and it just dumped down to um 23 80s. I was short early on a little bit too early over here. 24.

40S. I scaled in shorts 2480s um. This is why i covered um half of it thinking. Oh okay, we're going to retest the 25s uh and then i had this still a remaining short position: shorted down there, so the shorts i didn't do as well.

On um i got. I had a cover for losses. First, before um shorting all the way down from 24 down to 23 80s. I had a small re-shorts again here, but this is where i was thinking that we might get you.

If you look and look at this a lower high setting in um for the big reversal um, because after all, there were some decent news um on this thing and just judging from the way it traded on friday remember this kind of looks similar right flush down, Move off the open to some support and then v shape recovery back to the highs. So that's why i was thinking that it could start doing that um. After all, it's been kind of consolidating for a while and the last two days it did hold the gap. Um, so i was long starter around here: 24, tens added some more 2420s and even added on the way up.

I did sell some of it around 2460 and then i was continuing adding on the way up, as you can see, which the ad on the long side turned out to be a bad um ad. You can see up here. That's where it kind of slammed back down, so unfortunately, i did lose on the remaining shares. Um over here got stopped out.

All of it at 24.30, so gave back some profit on the long side. I did short it and then long it and then oh everything after this were shorts here here and here, but this stock spce just had a lot easier time dropping in prices than to fly higher like a rocket um. At least that was the case today. You can see yes, it's still holding above v-wap.

It is still trending up higher, but had a lot of resistance around 25 30s in the nature and around 25 50s, but it's still holding up so we'll see whether whether it continues higher late day. But overall i did better on the short side than the long side, because unfortunately i got dumped down as you can see over here i got dumped on the lung and that wasn't fun now it's time for our q, a the first one is from joe um He's asking hello: do you only use v-wap as your indicator and why and yes i only use v-wap and volume as indicators, and i do not rely on them for entries or exits because they just kind of gate. Allow me to have a general gauge of how strong or how weak the stock is. Generally speaking, if the stock cannot reclaim view up, then it's weak and if the stock is trending above v-wap, then to me that is long and not strong.

I have a video going more in depth about how i use v-wap the indicator if you want to check that out. So the second question is asking: if i ever trade options or futures. If not, why not um? So i never trade the futures, i trade. The options in the past, so i'm a firm believer that you should stay with whatever you're better at trading, so, whether that's options or futures or stocks.

If it's working stay with it, do whatever is working for you. So, for me trading stocks, the large caps, small caps, i don't really chew trade, any true penny stocks, the large caps and small caps. They are working really well for me, so i want to stay with them. Instead of kind of dividing my attention into trading options or futures, so that's the reason i don't trade futures there's nothing wrong with trading them.

It's just like i i prefer to trade stocks because they are working for me same as options too. If you, if trading options, is working really well, for you, then definitely stay with it now. The third question is from wendell. I have a one question: when do you take care of your plants and the answer is never just kidding.

I tried to take care of my plants the best i could. I recently gave moolah a bigger pot, so she can grow a lot taller as for kathy she's, still here, she's hanging on to her dear life, we'll see what happens. Thank you guys for watching. If you have any more questions feel free to leave them in the comment section below 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. If you'd like to trade with me daily and get my free weekend, watch list and trading journal make sure to check out the links below for more resources. Stay, green, stay, positive and i'll. See you guys next time,.