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Stocks have been selling off this week and many growth stocks are crashing. The high flyer growth stocks like EV's: $XPEV $LI $TSLA and many others have been selling off. Crypto market also took a dive with bitcoin futures prices dropping below $50K after Elon's tweet suspending bitcoin payment on Tesla purchases.
Today's trades were mostly on the short side. Simply joining the trend on $TSLA $PALI stocks.
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.
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Stocks have been selling off this week and many growth stocks are crashing. The high flyer growth stocks like EV's: $XPEV $LI $TSLA and many others have been selling off. Crypto market also took a dive with bitcoin futures prices dropping below $50K after Elon's tweet suspending bitcoin payment on Tesla purchases.
Today's trades were mostly on the short side. Simply joining the trend on $TSLA $PALI stocks.
🎁Get my FREE Weekly Watchlist: https://www.humbledtrader.com/free
🖥️My Stock Scanners & News feed:
Benzinga Pro FREE 14 day trial (use code "HUMBLEDTRADER" to get 25% Off )
http://bit.ly/2KXeAqH
Trade Ideas Scanner (use code "HUMBLED15" to get 15% Off)
https://bit.ly/3rLAfp2
📉My Trading Broker Platforms:
Cobra Trading: https://bit.ly/3iNLqJq
Best broker for shorting stocks. Get 25% off commissions
🇨🇦Questrade Canada (get $50 FREE commission trades)
http://bit.ly/2GoeUMY
Webull Free Trading app (Get free stocks with $100 deposit)
http://bit.ly/2Lhtd9X
Get My Trading Station Set Up & Favorite Trading Books
https://www.amazon.com/shop/humbledtrader
✅My REAL Social Accounts:
IG: https://www.instagram.com/humbledtrader/
FB: https://www.facebook.com/HumbledTrader
Twitter: https://twitter.com/HumbledTrader18
#daytrading #stocks #stockmarket
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.
Humbled Trader FAM count: 714,700
The market's crashing stocks are selling off and so is cryptos. I was gon na retire next year at the age of 50, but i guess that's not happening anymore. So from that, you know how i feel about tesla stock, and that was the stock i traded. The most today, but there were a couple other gappers as well, so let's dive into the trades right now so across the board today, you'll notice that a lot of the gappers sold off with the entire market, the first stock i was watching, is p-a-l-i um.
This is a lower float stock um. You know i was gapping up with some news and it was only like a. I think. I got 20 or 30 percent gap up um, i'm pretty marketed.
This thing ran from you know, six dollars all the way to 740s um. I did have a small shorts, but i was thinking that you know i want to wait. Um for the market opens and see what happens and the stock after i, you know shorted a little bit pre-market pre-market size only just tanked, but i did not stay in the short i was all out and missing. Tanked had a decent small bounce back to almost seven dollars, but at the market open you're, just so weak uh.
I did go back and short it, but i never got to full size. I only got two portions, so a lot of the locates i didn't use at all, just because it didn't spike to sevens, and that's why i was waiting for um sevens would have been the ideal entry for the resistance. You can see resistance at sevens and above that you had two seven thirties uh, but it was just so weak off the open and the spike was only to like seven sorry, 680s um, but it was really weak and after that spike just slammed down below this Uh pre-market support around you know: 660 670s um. It just stayed heavy again.
I only have small size on this and this thing just failed um. I reshored it a little bit and just covered all over here and broke even at the rest, and this thing just faded all the way from my cover, 640s all the way down to 540s and now it's red on the day um. So you know the market sentiment has definitely been bearish for the at least for the small caps. Definitely with large caps.
You know there was still some long place um, but for the small caps at these this week, and i think some of last week i just been pretty dead for the small cap stocks and the next stock is tesla. Now this stock, i traded both on the long side and the short side today, and i did better on the short side just because the entire market is selling off and if you look at tesla how it traded. Yesterday, you can see this 604 605s area was kind of yesterday's resistance and the little spike off the open just failed um. You know i usually i prefer to trade tests that long, i'm usually doing better on the long side for tesla, but recently tesla just couldn't even bounce um.
You know if you look at the way it traded today, the bounces were very, very weak. On tesla, i was mostly short, biased um on the downtrend. I had the small long here in which i really thought that we're gon na reverse and hold that 600 level and start reversing to the upside, but unfortunately spied on the entire market pulled at that time, and this thing just you can see it had so much Trouble holding that 600 mark, so i took a loss on the long side. I think here and here on the long side you can see. I started loaning around 5.99 and even tried to buy the dip around 5.98, no just so weak. So unfortunately, the long didn't work um. So i was the shorts earlier worked out. Uh had a small chase here, stopped out and then once i broke down v-wap again um.
That's why i started scaling it more on the short side shorter, some around 596's. It stayed very, very weak. You can see the bounces were very small, even this bounce 592's to like 5.95, that's a three dollar bounce for tesla, that's very weak. Each bounce was sold into was met with a lot of sellers, and this thing went uh, green to red second time and third time and uh.
Those were the areas where i started scaling a little bit more. I was trying to be patient and let the shorts on tesla work out because, like i said, i'm not a good tesla short and if i am shorting that tesla, i want to be kind of nail. The entry on the bounces here and here and here once it cracked lows um and it started adding into the small positions i mean tesla - is not exactly a cheap stock, so you have to scale in slowly if your full size, let's say it's - 1 000 shares You want to scale in with 200 200 slowly and only if it's like working - and you know it's down trending. So it's essentially that's why i did i'm adding in small on this week bounces.
If it starts getting really strong, then i have to get out. Of course, but the bounce, as you can see if this is a two minute chart, the trend is very clear: the top second second lower highs and the lower highs over here. If you draw this trend, it's a clear downtrend and that's why i was scaling in shorts around these areas, uh 590 ones and added more 588, and i was out of my shorts here around 580 ones and 582s. I was all out.
I wish i could say that i had the patience to stay short from my like, not five. Ninety threes average all the way down to five seventies and the five sixty uh the low that they were 68.. But no, i did not stay short for that long. Just like, i said, i'm not that good of a tesla short seller and the reason i was covering everything here is because 580 ones, if you kind of zoom out you know, that's kind of the the.
If you kind of look at here, that's the low of the day from the big bounce day we had was it um last tuesday, so a couple two a couple days ago on tuesday, that's the area. So that's why i was covering over around the 580s. I didn't think we're gon na crack lower um that fast, you know, there's always a possibility if market stays very weak but yeah. You can see this thing just cracked 580s after i covered um and after this everything here were little long. Scalps and tessa definitely had a lot of trouble bouncing. That's why the lungs i was not as patient as my shorts. They were like little scalps and you know we didn't get the major bounce. This bounce here from the 570 ones were decent.
You know they bounced. All the way to five uh 77's - that was okay, but you can see this bounce failed, miserably, um right here and again here. You know after it retests the 580s it just it's just selling off even lower down to almost low over the day as we speak um right now. So i think you have to recognize that the overall market is heavy and especially tesla, very, very heavy.
So, even though i would prefer to loan tesla, i usually do better on that, but you have to recognize the trend on the days like today. If i had held my lung thinking that oh no, i can't go even lower, you know, i don't want to show a tesla from you know: 5.98. I would have been down like 20 um 20 points a share or even more but so um. This is day trading.
This is not investing. Okay, a lot of people, hate shorting and that's fine, if you don't know how to do it or if you're scared of shorting um. But you have to recognize that if we're day trading here, you know i'm day trading the stock tesla. You know i am invested in tesla, but not with this account and not i don't check my investments every single day um.
So you have to recognize that if you're day trading, if you're trading short term and the stock is in a downtrend, then you know you have to be able to separate this from your investments. The sooner you recognize and you are able to separate your day trading strategies, day trading setups from your investments, the sooner you'll be profitable as a day trader. If you don't understand the two and you confuse the two together, you're gon na end up back holding all these stocks - that's just selling off, especially in a market that we're in today and also little retail traders like you and i shorting a couple thousand shares of Tesla is not going to tank the stock. Okay, it's been selling off on the daily from 600 down to like six.
You know five seventies today because the big funds are selling okay, it's like the little investors, little traders like you and i you know trading a couple thousand shares. We cannot trade. We cannot, you know, have enough pressure to drive a stock like tesla downwards. So tesla was definitely the trade for me today, um there were a couple other stocks that just faded and never got an entry um.
But overall i lost on the long side on tesla, especially earlier above the web, but did really well on the on the short side. Okay, now it's time for our q and a's question number one is from benny and he's asking a lot of day. Traders out there use three or four different moving averages to plan their entries. Do you use them and the answer is no.
I do not um, like i often talked about, i think the moving averages indicators isi - you know macd or whatever. I think those are very very lagging indicators um. So i don't. I don't use them. The only one i use is view op, but i don't use it for entries. I only use it to gauge the overall sentiment for the stock and the strength of the stock, and second question is from becky. How do you find the stock to trade on a daily? Do you find you read the news or any tools to help? So, yes, i use a technical scanner, the pre-market scanner on trade ideas for the gappers, the gappers list, and that's how i found p-a-l-i and many other stocks. I was gapping up, but i didn't get to trade the rest because they just kind of fade off at the open um.
So that's what i mean by the breakout and the gappers in this market: they're not holding, and it's definitely favoring the short side. And as for news, i use benzinga newswire to keep track of the catalyst, that's driving the stocks up or down and before we go. If you're interested in picking up this mug right here, i was a millionaire before elon tweeted. This is something that's definitely very suitable for a day like today that just say that.
So if you're interested, you can check out the mugs on my website, hopefully you're, staying safe out there in this market. Thank you 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.
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.
Love that you show your actual trading and not just random stock graph of ''see do that TA like it'' and win
Can't know how I stopmed onto this. Anyway GREAT content 🥇. I also watched those similar from MStarTutorials and kinda wonder how you guys create these vids. MStar Tutorials also had cool information about similiar money making things on his vids.
lots of little traders can drive a price very high like gme or very low but not for long
50 next year.. damn you look good for 49!
Love your videos, you do a great job explaining things.
So annoying all the people that complain about short sellers thinking they keep their stock down, do they not realize without short sellers we wouldn't see the huge moves we see? The whole reason TSLA ever got as high as it did is because of shorts, same with most of the small cap runners. More shorts = more squeezes
Hi, I want to invest in my education. Do you do courses? I am currently a swing trader. I took a course and I am doing really well mainly using large caps but I want to look at day trading as well because swing trading does not occupy a lot of my time. I can day trade as well with some stocks. Kindly let me know.
What time frame is best to take entry exit In day trade
49? I thought you were about 25! Your youthful beauty has deceived me!
If I had any Tesla I would have sold it off after Elon crashed bit coin.
Do you set any stop losses or do you manually do a market sell order when you see the stock price reach your stop?
Your insta and twitter icons are annoying. Sometimes can't even see the pointer. So pls shift those to the top right hand side.
Thank you for answering my Question so fast !! : Appreciate it Shay. Thanks 🙏
hello Shay do you think taking any course from Canadian Securities institute would be worthy to improve yourself as a trader or to gain knowledge thankyou.
The amuck watchmaker histopathologically punch because granddaughter basally tickle between a bewildered brace. cheap, annoying religion
When you can learn and simp at the same time 😍
which platform you use to daytrade?
Out of the five only recent brokers' opinions for TSLA on Tip Ranks, the one and only broker who thinks TSLA is a good buy, didn't give his price prediction. The four others gave $155, $67, $230, $159 as their price predictions. Could it really be this terrible? Another trader who has a YouTube channel told me that these are bankruptcy prices and so he disagrees with their price predictions.
almost 50??? wow you look younger….i would say 46 at most 😛
Hong kees! Your accent sounds cute Lol
Great video Humble Trader I am thinking will Tesla will go long next week. (JUst Thinking) lol take care and God Bless
I’m really sorry, but I can’t understand your English. Can you please speak more clearly?
Well, real day traders dont try to make money of Youtube.
do you have any another channel because this is so boring ?
Hey Shay, Thank you for this important info. Quick question, like an idiot I took a small short position on HYRE at $13.05, I should of covered at $12.70, but I was wanting more, so now it shot up to $13.49, do you think it's coming down on Monday?
Stop using click-bait thumbnails. Also I bet you make more money from youtube lol
Yeah i do aggree short is not a bad thing
Anyway, do you use any background music when daily trading? Or do you prefer it calm ?
You should make some stickers with this caption it would be cool !
YO I NEED THAT CUP PLEASE SHAY! where to buy that MUG
New sub, love your honest content!! I'm thinking of learning more about day trading at this point I am at a deficit as far as knowledge in this area goes. As a fellow Canadian and promoter of learning before profit could you advise on a good practice broker sight or app to help learn especially as a Canadian day trader. Thank you love your humor by the way.
I just started trading live money and I’m a long trader. Got stopped out on everything this week. Super discouraging…
After making thousands of dollars from the trading market I never doubt how profitable the market can be
You don't look 50 years old!!!!!!!!!!!!!!!!!!!!ARE YOU SERIOUS??????????????
Great video. I think people just don't really understand short selling and they have this negative perception of it.
Keep them bad jokes coming! haha
Glad to see the Bears pushed back by the Bears today….tough week! Elon is definitely a quirky billionaire, LOL!! Great video too, love your smile!
I subscribed so you can be a penny closer to retirement.