How's, it going everyone hope you're having a great week so far in the market, we're slowly seeing some more momentum coming back in some of these lower cap names, the cheaper ones and a lot of uh follow through on the multi-day breakout, which is good, which you Haven't seen for a while um, these are specifically the stocks such as clov and vxrt, and a couple other ones and we're gon na go over them today in the trading recap. So the first stock is clov. This one didn't really have news, but if you look at the daily pre-market, it was gapping up as a multi-day runner. This thing was in play.

I think two weeks ago, when we had this huge volume breakout on the daily and that's followed through on this day too, and it's been consolidating and slowly grinding, back um to the the 11th and almost 212s today um yesterday, i did not partake in this trade. Yesterday, i kind of i didn't see it until much later on, but today i saw the huge pre-market gap up. You can see closed around 10 50 and we're gapping up to around 11's and the two highs 1150s, and now the opening spiked um to almost 12.. That's kind of the area i was scalping for the small shorts um.

I was actually more long, biased on the stock, but when the stock is very extended, especially into the open close to some daily resistance around the 12s 1190s, that's why i was scoping for just a small, quick short um, but really i wanted to wait for the Huge pullback to consolidation to go long on this stock um so also out on shorts 1170 down to 1140s, i'm in the stock tanked all the way to a 1080s. Now this is the area i was looking for the long you can see. This 1080 is a key level for today. That's also some pre-market small support level, but, most importantly, it's the breakout level from yesterday.

If you look at yesterday's charts um this 1080s area right here, you can see we get this huge volume squeeze right here from uh. Yesterday, around 11 30 and went all the way to um uh to went to the highs yesterday. So this is the area i was looking for: a dip and consolidation to go long, um around 1080s, so uh you can see today. I was not in a hurry to catch the folding knife.

I tried not to do that, but waiting for this this level to bounce you can see after this huge sell-off from 1170s sold off all the way down to uh 1090s and then even more lows. Around 1060s again, i'm not catching a folding knife. I'm waiting for this thing to reclaim the key level showing some signs of recovering, especially the volumes um on the cell inside slow down. Once it starts moving and starts bouncing you can see you get some more volume.

Coming in around 1080 support, that's why i got in on the long side, uh and then my risk will be the breakdown of 1080s. I got in long 1090s and i even added 10.95, so i'm not afraid to buy higher, rather than catching the folding knife. I'd rather see that this supports this key level is actually going to be respected, because, just because there's a support, there doesn't mean that support is going to hold right these resistance and support levels, they're, really just price levels, nothing more, there's nothing magical about them! There's nothing that says this has to bounce uh; no, it doesn't have to so when this thing does bounce and is it and i see that the level is actually being respected. That's why i got involved rather than you know, trying to pick the bottoms at eleven dollars or the 90s or or 1170s.

I waited for the balance, joined the bounce, and then i got in long on this small pullback here around 11's um. So i'm not afraid to add higher and i'm i'm selling to the push around the 11 10s and then later on 1120s. You can see the stock later on, went to even higher 1140s and after this huge pullback almost to my entry, it reclaimed the view up and squeezed to 1160s, but i took the meat of the move. That's the plan.

I was planning, for you, know 1090s um added 11's, i'm selling to the v breakout. So you know, rather than chasing the breakouts like these near the top, let's say: you're buying the breakouts at like 1140s or 1150s, where you're scalping for five cents um. I ran much rather along the consolidation levels. Um that's being respected right.

If this thing fails, this could have failed. Like i said you can see the same level, even though it bounced around here, but over here around 12 o'clock. This thing just failed, so these levels are really just price levels: they're not going to the support might not hold the resistance. Also might not um, you know continue holding up at the top.

So that's how you trade, the price action, so clov um small scale short, but i was mostly interested in the long. I did better on the long side. So the next stock is vxrt. This one i'm a more short bias on the stock.

It's one that traded many times in the past before. If you look at a daily chart, it has a lot of trouble. Holding multi-day runs, i mean on this day it did, but ever since that downtrend slowly formed and we broke down this resistance around 11's. It's being slowly downtrending and that's the reason why some more shorts, biased on the stock full transparency.

Yesterday i also shorted the stock and i got squeezed yesterday from like about eight dollars to 820s, so that was not fun today, i'm seeing that they had a pre-market news, press release, pump and then the stock squeezed from 860's all the way to 1070s and almost To 11. now i kind of learned my lesson yesterday that this stock, even though i'm still short, biased, even though you know it, does look like a daily breakout, this stock, i kind of know what kind of traps they set. So when this is squeezed from the 970s to the open, i'm not in a hurry to get in full size short um, that's why i'm waiting for the tops to form you can see, even though i did start building a position, i waited really waited until about Almost 10 o'clock, you can see lots of wicks around the high 1080s and 11 area, so i'm looking for the top seeing that this thing has a lot of trouble around 1080s. That's why i got in long.

I got insured uh got in on the full size. Short and i'm trying to be patient with it at this time i have around average about 10, 60s, 10, 68, almost 10 70s, and when this thing finally one more push to elevens, you have to look at this on the one minute chart um. Let me just kind of show you you can see this thing around uh, almost ten o'clock broke, eleven almost broke, eleven um touch 10.99 and just straight down flushed um. That's how you know the each breakout is sold into that's what what these wicks are all are.

If you look at one minute or two minutes very clear, each breakout to around the 1080s sold into that's, why you get these wicks and that's why you don't want to buy breakouts on these small cap stocks? Like imagine, if you're trying to buy half the day, breakout at 1092 thinking it's going to 11 11.50 and this thing touched 11 for like one second and immediately slammed back down. This is what we call heart rejection. It's almost like getting slapped in the face. Uh! That's never happened to me.

I hope it never happened to you either, but imagine it's like somebody got bit slapped um from 11 saying this thing just dropped down to 10 20s. I covered some, but i was holding a majority for the bigger move. I most of my covers were around 960s on the short side, i did try to like go back and like do like some small scalps and see if we're gon na flush more, and you can see small ads here, uh that was out most of it from The 1060s and then they tried missing rock poled down to uh 9 30.. So i was actually all out on the final small ads around here and then later on.

Just got out of it. You can see this thing later on faded all the way down to nine dollars, so from 11 down to nine dollars. This is a huge range on a stock like this, but um vxrt is a stock that has done these kind of moves in the past before um. So that's.

Why that that's, why more short bias on the stock? And you can see it did the same thing that it did here over here again right. You can see this thing broke out to almost 10 dollars touch 1006 for like a split second, and then you get another slap down in the face, and this thing just slammed back down to 9.99. Now next stock is a loser on the long side is qualcomm. So you can see this stock had a huge gap from after hours, um very impressive, earning, speed, eps, revs and guidance.

This thing, gapped up from 136 to after hours highs and pre-market highs around 144s. I was long biased on the stock, but unfortunately, this thing got pulled down with the market. I was thinking that this 143 is kind of the key level same idea, key level going to hold um. I saw the starter i added back in i added to full size around the 140.

We did get a nice push to 144 50s, but i was really looking for the high of the day, breakout or even higher on the daily, but you can plan for it. But doesn't mean it's going to work um, so i got stocked up. You can see. I got stopped up for a loss and i did try to go back in again around the 141 90s and then later on 142s.

I was looking for the reversal back to um around v-lap, at least um, but this thing, which is so heavy and sold off with a spy. So this is a long and it's a loss today, especially on a day where market selling off and yeah it was, it was uh. It was frustrating um. This thing just couldn't bounce, even though the earnings was really good.

Um and you know so just didn't work out - you can plan for all your trades plan for your entries, but you're. Not it's not guaranteed to work, but imagine if you don't plan for it right, then what are the chances of you making money in the market? So let me just kind of go over some trades on yesterday too. So this is my so this is the chart. I got short squeezed on on vxrt.

You can see this thing open week. I was shorting small, since it's you know red on the day uh. I was shooting a little bit. Small eight around eight dollars covered something to 780s, but this thing just squeezed, so i got squeezed out um.

I stopped out here for my initial shorts around previously closed over here stopped up for a loss - and i just scaled back in on the short side uh, but it wasn't a good trade overall um short side. The second trade i did make some small profit, but yesterday this was the stock that squeezed me out so, which is why today i was more patient and trying to let it work and wait for like kind of the top two setting. So this is what i mean by you. You, you have to learn from your mistakes right if buying breakouts is not working.

Learn from that plan, your entries stop following chat, room alerts. Um, you have to learn from your mistakes. Otherwise, you just keep on doing the same thing over and over again, and then you won't improve as a trader. Now before we move on to the trading q a's, i just got ta bring on moolah.

Here again, she hasn't appeared in my videos for a while, but i know some of you are concerned, but she's doing really well she's very green and she's thriving. As for the other plants, i have you guys, know kathy wood she's, not here today, because she's grounded alright q. A time first question is from william chung um. So his first question is how many stocks do you usually track at the market open because he finds it very difficult to trade more than five stocks at the same time, my answer is, i usually have that's.

That is the reason we have so many screens. So i can watch all of them. I will watch like 10 10 stocks at the same time, but i only trade up to two at a time. So i have my main execution screen and then i will have two montages and i'll trade them and sometimes i'll leave like a starter or like a partial position open as i trade, the third or the fourth stock.

But it's very rare that i keep full size positions in more than two um two position: two socks at once. So you know, especially if you're new, i would recommend to just focus on one or two, even though you don't you don't need a monitor. Sure. That's fine, but i'll still just watch one or two um, if you're only on one monitor it's very difficult to look at all five or all 10 stocks.

At the same time, and that's especially important if you're a new trader, you just want to watch the stocks with the best potential setup, the major criteria and that's where planning comes in. You got to plan for your trades and the second question from william is: how often do you have a losing trade if you have a perfect setup and you planned out your entries and exits that happens, maybe once or twice a day i mean that's just the Name of the game, like i said earlier, such as my trade on qualcomm, i planned for it um. You know i had the right thesis. I did my research.

I planned my entries and exits just didn't work out. So that's just the name of the game. Um, but part of your plan is your risk right. So you know, if you plan for the potential profit, your potential risk should also be planned out as well.

So that's just the name of the game. You only you can only follow your risk just because you plan for the stock does not mean it has to work according to that plan, and that's why trading is so tough. It's just it's not just a matter of win rate um. It's also a matter of risk reward right.

When you make money, you want to make sure the profits are usually three or more times bigger than your losses. So it's all a matter of risk management and planning your setups and together you're, giving yourself the best chance. Um to become profitable, but if you have no risk management, you, if you don't even bother planning for your trades, if you're, just relying on others alerts etc. Then then it's like it's always going to be a gamble.

The second question is from wim van hoof. I hope i said that right, so he or she is asking that. How do you manage your risk in a slower market? Do you um, take profit, for instance, two to one or one to one, or do you lower your usual number of shares? So i think it's a little bit of everything um today and yesterday you know i was able to go back to my regular size because i was like i said i would see more gappers coming back up, so there were more stuff to trade, but basically, in Slower slower markets be more patient for your entries. You have to be more precise and wait for confirmation.

Um, take less trades, only the high quality trades and be more conservative with your price targets. So i hope the video was helpful for you guys if you have any more questions, feel free to leave them in the comment section below. Thank you guys for watching and i'll see you guys next time. Hey guys thanks for watching.

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