So, after all the amazing short squeeze, we saw on amc and gamestop and other wall street bed stocks near the end of the last week. Today it was a little bit slow, which is really to be expected, especially after a big move. We saw on the sector hype and as well as the market kind of selling off near the end of last week. I still took a couple trades today, but there were a lot of small winners and small losers, so they end up just cancelling each other out ending the day with a very small, green um.

The first stock is fsr this one i was watching for potential continuation. Um to the upside today - and you can see you know, we dropped right at the market open from 27 down to 25 um. I was not involved after a reclaimed view up and started to curl up ssr was also triggered. I was thinking now, okay, if we can hold above the 27 tenths, we could potentially see more upside at these two previous.

They closed red to green and more, but you can see just chopped around and then i got stopped out uh for a small loser and you can see a stock tank back to uh double bottom on the daily essentially and the spike right back up. So just gon na chop in a small channel today, so small loss on this. The second trade is also another loser. Small loser plug um this one gapping up with the upgrade and also uh it's part of the sector that was really sold off aggressively along with neo and tesla last week, with the market sell off so today you know the fact that they gapped up uh.

I was looking for potential reversal on the daily chart. Uh, but we didn't hold. You can see, you know 52, so we failed. I got stopped out for small losers.

I re-entered again uh still like tiny, tiny win on the secondary trades, and you can see this thing just chop around in a channel so very similar to the fsr chart that we just looked at earlier, so both small losers on that third trade riot. This one is uh recovering with bitcoin testing. Fifty thousand again um. This one was decent um.

I basically one entry, one exit uh. I longed it around the forty nine fifties and sold towards the fifty one dollars. Uh breakout. It is going up higher um.

So there might be a trade later on and tomorrow, but for now you know choppy day. I just want to take whatever i could and let things kind of consolidate daily chart. You can see reclaim the lows once they tested um 40s reclaimed and today we're gapping up and once above this 49s, that's where i was looking too long and sell into the breakout, um and uh. No, when, when trading this one make sure you're watching the bitcoin futures, because it follows kind of pretty closely not exactly uh but overall, the trend does follow um bitcoin futures.

So if bitcoin is breaking out above 50 000 - and that's where this thing, when this thing kind of started, trending up higher but decent little scalp, nothing big small winner on this one. Next one is a small wing as well neil and io. So similar idea. Why? I was looking at plug.

This is a sector that kind of got sold off a lot very aggressively. You can see this thing tanked from 60s down to 40s um in the middle of last week and we're kind of slowly reclaiming today. I was long biased on this. If we can hold about the 49, you can see some decent levels around the 49 and uh nice volume on the buying side as well.

So once this morning, consolidation chop action got cleared out. That's why i'm going in for the loan at 49 and sold most of it into the 49 70s. I tried adding back seeing that if we're gon na test the 50s, which we did later on but uh at the time it was really choppy. So i stopped out the final position for break, even so another small winner on this one, so a little bit of a slow week to start, and usually on weeks like this, when there's kind of like uncertain, open things, usually don't pick up until the middle of The week so i'm expecting tomorrow to be kind of similar until wednesday, maybe we'll see some runners and maybe we'll see more direction on the market and hopefully gamestop and amc and all the other wall street bed stocks will be squeezed into the moon.

Again, you guys know i longed those stocks last week for the big short squeeze. That was really fun right in the way on the way up, but i just need to continue the momentum for now, at least for today they look a little bit choppy. So we'll see if those sets are for a secondary short trap, then there'll be some potential for the long side as well, so for time for another q, a from our commenter divine raccoon, very creative, with the youtube names uh, so he's essentially asking uh. What's the best broker platform, i use setup online daily and do i use anything else apart from trade ideas and benzinga, so trade, isaias and benzinga are my technical scanner and newswire alerts.

So those two are tools that help me with trading and i still think dash trader pro is the best platform, especially during the volatile market sell-off. Last week it's even more important to have a platform, that's actually intuitive and actually will fill your orders instead of freezing at the open. So second question um. This one is a little bit hard to answer, he's basically saying that he wants to long and neal at 47 and if the target is 48 dollars and stops is 46 and after he cut the loss when at what price should he go back into the trade? I think the answer to this really depends on whether you are day trading or swing trading or you're investing in the stock um i, but i can't say, for day trading wise um.

You know it's not about the price that it's at it's about how the stock is reacting at a certain price. Let me give you an example here on my neo trade on the long side today. So you know so i'm looking to long nail above 49, but why didn't i go long here around the 49th here at 9, 45 and then again at 10 o'clock? Why did i wait all the way until you know almost closer to 10 30 to take the longer 49? The question is not about the price. If we're talking about this topic in the context of day trading, it's not about what price is the stock at at any given time it's about how the stock is reacting to those levels at the time that you're looking to enter.

So that's why i did long neo here and here is because around those levels it was really toppy, it wasn't holding up and the volume was not as strong as i had wanted. But the reason i went long and actually above 49 over here around 49 90s, is because it broke out above the prior retest of resistance levels and the volume was breaking out as well. So that's why i took a long there versus um. The first two tries before um.

You know it's not it's all the same price around 49, but the third try around this time. The price action confirms my thesis for the long and that's why day trading is difficult right, it's more about reading the price action and seeing how a stock is reacting to the price levels you're looking at. So in your situation, let's say you got taken out at 46.50, but you see a stock really quickly dropped below that level and reclaimed really quickly, maybe to 46, 60s and or even above 747. Then that's where you can see that okay, maybe that was just a short-term panic and the stock is actually just consolidating and getting bought back up slowly for that big breakout move to 48 dollars that you're looking for um, i think it's okay to get stopped out.

I get stopped out all the time, but uh after i get stopped out. I want to see how the stock is reacting to um the price levels after i got stopped out. If it's still holding up. If it's still reclaiming fine, then i actually would go back in long because that actually confirms my thesis to go along in the first place.

If that makes sense, if you guys have any more questions, feel free to leave them in the comment section below and i'll do my best to answer you. Thank you guys for watching stay safe and, let's see if we get more momentum later half of the week, 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.

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