So it is the first day on tuesday, coming back after a long weekend, labor day weekend, away from the market had a nice. You know weekend spent away with some friends. We went up to squamish and whistler and did some outdoorsy activities. It was great fun and really really much needed break for me to kind of take some time away from the market, but a lot of times what happens is the first day after a long weekend off.

Sometimes i slip up and i get a little bit too aggressive, so that was the case today on nkla i was so determined on the short bias, because, especially after we flushed hard pre-market and then later on, at the open, we popped a little bit to 48 And we just slammed back down - and this is where i got some very nice covers - i was up really nicely on the day from both the pre-market shorts, as well as the opening shorts. But instead of once the trend reverses - and we are reclaiming v-wap - that should have been the place where i cut the entire trade and reassess for maybe an entry later on, instead after the initial, too short, which was already very nice on the day. Uh and i fought it pretty hard and i gave back a majority of my profits on nkla. I'm definitely not proud about that, but at the end of the day i still end agreeing on the ticker, because you know, of course risk management comes into play and i never want to turn a green ticker into a red one, even though i did fight it.

Pretty hard i did get chopped up on the short side. I still ended green on this. She could have been a lot better if i just you know, cut it off completely and instead of re-entering the short risk management, still very important. You're gon na manage your risk, doesn't matter how convicted you are of the short side or the long side after the the re-entry.

Now this is wet covered and we tried to enter here. I cut it for the loss took it, it sucks, but i took the loss. I did get like a small scalp long. By the same time, the breakout about 50 dollars was so unconvincing.

So that's at the same time. You know the long was just tiny, tiny scalp for me. Wasn't a big trade. The breakouts about 50 didn't happen until much later on about 12 30, but i left it alone.

I was not here. For that part, we'll see what happens to tomorrow. They do have, above average trading volume traded about 135 million shares on nkla. So that's a big deal for a stock like this.

They did have some positive news about a deal partnership with gm when that's gon na kick in and how profitable would that be? For nkla, i think that's the big question here so tomorrow. I think we'll get another trade on this. It's unfortunate that i minimized a trade that was could have been really big, so that was my main focus. On the day, i had a couple of scalp trades on the short side on these small caps clsk unknown fund that nobody cares about who gives it if you give the stock a 900 price stock target, when the stock is trading at nine dollars like it doesn't Make sense, so that's why it was a short essentially you're, shorting, the release of news, sell the news essentially other stock and some other stock.

I traded very small on these because the volume is really thin. Yeah i traded 200k about after the young hot on the short side, but later on, once volume dropped up to like 13k. I don't want to get involved with it, so i had some scalp shorts on these stocks very similar setup as a clsk and that's pretty much it and the household had a loss on apple. I was trying to loan the stock and it did go all the way to 119, but i stopped out right here pretty much break even on the starter, long right at the bottom.

So this is what it is. You got ta respect your wrist. Sometimes you stop out right at the bottom and the stock just takes off. Without you, it's okay, it's only a starter size and now we're gapping down.

So we'll see what happens on the rest of the market tomorrow, a pretty non-eventful day, small caps is slow. As usual, like the past two weeks and the large caps, we had some very decent gap. Ups, like itci, a bio tech stock, but the overall market was a little bit choppy. To be honest, like the peloton, the tesla, the zoom, we didn't really see a direct clean trend until much later on itci gap up from 18 all the way to a high of 42 and started selling off pre-market.

When you have this kind of gap up and if you look at the daily charts on this day, we played it in december and we're gapping up to you know very key daily resistance right around 42 right here, free pre-market and when the stock started selling off. Then i won't join the trend and that's why we might get very small size. I started very small, pre-market 32 and then added some 33s. You know covered some into the open and at the open ones, was staying really heavy um.

I shorted at the open right here, not the best entries thirty dollars, because you see we did pop and i was prepared if that pop does start reclaiming going higher. I would cut my losses once we reclaim this level around 31, but we reject it really, quick. So i'm okay, letting that right out, and then i added some more into this. In hindsight, i wish i had more size on this, but uh it's okay.

I was out of my first short over here around 29 and i waited for a retest and rejection of the same level that we talked about 31 dollars, keep on saying, reject and that's why i went back. In short, i didn't get stopped out on some small share sizes, but i was able to re-add it back once we create this short-term double top right around the 31 mark that we're talking about so once that resistance keeps on holding. That's why i went back. In short, it was getting a little bit choppy.

That's why i just covered. I want to look for re-entry if we start consolidating below v y, but i kept on holding about v up and going higher, so i didn't want to get chopped up any more than i have. I already gave back some in the secondary shorts, but overall not like the home run or anything, but it's decent enough and oh kodak. I love the stock, some options news or something like that: biked to 650s.

Ideally, in the perfect world, i thought it was gon na go to eight dollars, so i didn't have much size on these. These are just scalp sizes, because i want to be prepared if we do go back to eight dollars, but we we didn't, unfortunately, but i was shooting a stock shortly. Some here three forties added some more cover some, but i want to add back in and i did take a loss on the riad over here. You can see once i added it.

Spiked back up this one thinking to myself. Okay, now we're gon na go to seven and eight. That's why i covered, and once we create there's a lower high, this very clear rejection and seldom kendall put in you see the volume down here. If you look at the one minute one minute on the stock, it's even clearer! So that's why this rejection! You can see this one minute ceiling volume! That's why i went back in short, got some very nice flush to six tens.

I didn't get the bottom tick here, but i did cover some 617s and i was able to hold majority for 605s and 592., so very decent trade. You don't need a lot of size to to make money on a stock like this. The other trade that could have been a lot better, but it was actually very choppy that's. This is what i was talking about earlier, that the large caps were extremely choppy.

It was the earnings gap down. The earnings were decent, like it wasn't like an amazing beat, which is what everyone was expecting, but you know we did have a gap down, and i did think that okay, this gap down was a little bit overdone. So once 24 dollars started basing took a small long pre-market at the open i pretty much got all flat. I wanted to a clear trend to go on long, but we never really got a clear trend.

You can see like these, even though too many candles is extremely choppy. Goes up comes back all the way down goes back up again, but go comes back down. It was really choppy to trade and also ssr was on for the stock, so that might have contributed to some of this kind of chop. But overall i did.

I was long on the stock, but i wasn't able to build any size or anything like i wanted break, even small lofts and small wins. So i ended up doing a very, very small winner, so the other stock tesla this one i had in my mind, a big picture going higher right around 11., but it kept just kept on. While i was on the stock the whole day, it just kept around midday here around 10 30 11. It just couldn't reclaim the wap and that's what i was hoping for.

I did start adding to a very nice position on the long side to see. I want this kind of trend to happen midday, but once we couldn't even break about v1, when we sold off, i just i just have to stop out so the secondary trade on alongside was pretty much break. Even i did make some small wins on the long side in early arm a small dead by around this area, 3 46s sewed some into the push added, some more ones who are breaking out and seems really strong and sold into the spikes. Once you know what kind of wicking here you can see right on the two minute: candle lots of wicks around the 365's area and and once that would start to break, i just failed decent small profit on tesla, but looking for this kind of big move, much Early on, instead of this, it made a new high breaks down, makes a new low but keeps on reclaiming and coming back up like this is very choppy for me.

I i'm not good at trading this, so today was definitely not an easy day in terms of the large caps i'm trading, ironically, the trade. That was the least headache. Was this low flow stock, at least for me? Yt en i was shorter than young pre-market and then i stopped out on the rest of the position and i did start shorting on pops didn't get any size after after the market opens. Just because i was too busy fighting ostk and mrna and a few other trades, so i mean it this one turned out to be pretty straightforward.

I was scaling into the pops right, ideally get into eight forties and even nine dollars. It didn't pop that high there were a couple holds, but i was shorting into the spikes and you can see each spike. It tries and fails like time and again so there's a very clear resistance around 840s 830s right and as long as it holds about below it and there's so much selling volume, i was okay holding it. First of all, the sizing was, i didn't, carry much size until much later on.

I had it faded down to seven tens and later on um six twenties. This one turned out to be pretty much stress free on the short side, but at the same time i never got any major size on it. The other stock. This one was a headache mrna.

So this one same as ostk i was short and uh. The risk management was totally fine. I just had to take a lot of paper cuts and that's unfortunate right. It's basically death by a thousand paper cuts.

So, at the end of the day, mrna this tray turned out to be a small red. Just because i had to take so many paper cuts to the upside because it just we have a double top here and then failing again. And but this part it did seem like we're really strong we're gon na keep on pushing to the upside to 61 potentially 63s, and we just see this hard rejection right at the top. We're basically covered at the top.

So that's very frustrating, and even though i was scaling slowly and i didn't have that big of a sizing any of the losses, but still it's still frustrating seeing that i covered right at the top and they just immediately rejected. I did get some. You know. Partial shares around 59 80s but - and i got some really nice downside to 59 and then later on, 58 90s, but it just at the end.

This trade turned out to be red. Just because, as you can see, i couldn't get a chance to scale back in on the short side after the top has confirmed, and even after this fail, it still went back to test the same levels here again too. So it definitely wasn't like an easy trade. Ostk, it's again a very similar setup as mrna this one.

I was up a lot had a really nice scale around eighty dollars, so i had some really nice scaling and i was actually in the money, but i didn't i should have covered here. Should i cover around 69 sorry 76s? If i had covered this, trade would have been well, maybe not perfect, but i would have been up nicely so you know i was trying to let it work trying to see we're gon na flush down to 74 73s, which we did later on much later on. But unfortunately, i had to cover a majority of my shares for loss again around 79 and the nature on the final final partial shares around 80 ones, so turned a really nice trade that was green into a loser. Unfortunately, i had this tiny scalp at the end of the day, but that was just small.

It doesn't really matter the other stock that i was trading is pillow tongue. This one was a nice breakout play, but i turned out to be just a small winner, just because i was trying to be patient and holding a majority of my size for a breakout to maybe you know 99 dollars even 100. We definitely had a room for that. Unfortunately, i sold some into 97s.

I didn't get to sell at 98 50s and the stock just tanked and unfortunately i did still have some loans and you can see. I did re-enter and i re-entered it here didn't work out. Cut it here and cut it here and uh. Those were good stop outs because you can see the stock later tanked with the entire market to 89.

So always follow your stop, whether it's a small loss, a decent size loss or a small wing break. Even you just have to follow your stuff, it's very important in trading, especially in this kind of market, so stsa this one. This is an interesting one because we gapped down from 23 all the way to four dollars and we did get a spike to around sixes and that's where the stock started going parabolic and that's why i started going short. I just thought was gon na test lows and that's why i was holding a majority of it trying to see if we can go back to five dollars.

We didn't get that but good thing. I did cover cents around five sixties from my average about 6 30. So that's a decent distance gained here and i covered on the way up, just because i don't want to get caught holding it because you can see the stock later on. I went up to nine dollars and potentially 10., so you know i didn't want to get involved with that and i was out okay, so it is friday and we have market rolling over right.

Now i'm out of most of my positions, so the trays they are pretty straightforward, pretty clean both on the long side and the short side. The first stock on the day is peloton. I started small, very small pre-market, but i didn't add to bigger size until much later on at the open, and the reason is because market was already. It looks weak right out of the open the market flushed and even though it did have a good earning speed on peloton, it wasn't like uh, the numbers weren't like a smash out of the park, and also we were trading around all-time highs.

So i just started small pre-market. I did cover for small losers first, because i just don't think it was ready yet, but it did start rolling over once we touch hundreds and that's why i started in again added some more. It covered most of the pre-market size right here, i think, before the open and once we flush and then i was like okay, oh my god, i should have just like kept the size and like re-add, and that's why i did. I tried to add on the bounces and the bounces weren't that big and that's a very good sign that the stock is weak with the market right.

My scalding here uh 46 70s. I added some more here covered on the way down, but i was trying to uh really short on every single pop because there's so much room to the downside. But unfortunately i made it to as low as uh here 90 60s and i tried to react here. But it did seem like that was the bottom for the day at least, and then i covered it's also out on the short trade within 30 minutes.

You can see, there's so much more to a downside that i'm not involved with. Unfortunately, so that was a the biggest trade for me on the day, the other stock on the day was bfra as usual. Some sort of pre-market pump news. I didn't see this until uh here when i was doing a pre-market planning with my chat room, and i saw this eleven dollars push had a scope, shorts, pre-market, very nice.

Eleven dollar short entry covered all the pre-market size at ten dollars. Pretty much, and i waited until at the opening starts pushing towards tens and then what here were above tango for a little bit. So this is why i'm starting to scale in short, small size at a time just because i know, there's chat, room pumping this and also the stock was kind of choppy, but i managed my size very well. I didn't start adding bigger until we failed this ten dollars confirmation around v-lap too, once the slam comes in, we see the selling volume and yeah.

We didn't have some wick here on the buying side, but you can see this volume is clearly lower than this, and once this red candle bar puts in that's why i know the stock might be done for the day, so this is a pretty straightforward short. I started scaling in here. Add some more by always leaving more room and more size to add you don't just go, you know full size, i don't know a thousand shares and you go in small and add that ad, until you have a comfortable size cover some around 9 30. I this is why i was confident i can re-add because we're failing no 950s and we failed 10 dollars.

We added and i was out most of it around nice. I still have some very small that i'm gon na see. You know how low it goes till the end of the day. Maybe 820 was the bottom, but we'll see where it goes.

The volume is really low and that's why you don't want to leave too much size if you're holding for like an all-day short, but i'm out most of it so market things that we're rolling over we're breaking the lows from previous days. So i think we're gon na see a lot more downside in today. Today, 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.