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open various strong came above and they did a really nice one minute to pin range break up uh but you know for some reason a stock was gapped down and I really don't know why I jumped in Long in there you know I really didn't like that uh you know the stock was gapping down and I had all right guys good morning everybody I'm going to do a quick recap sorry it's a little bit later recap for me uh this morning I had to uh run and uh I didn't have the camera walking so uh Monday uh Marquette uh gave us some uh volatility especially on Tesla so since Elon Musk and they become the CEO of Twitter uh Tesla is down 26 and obviously he's just I think he's selling shares uh to just raise money to for operation of Twitter now Twitter is probably the they say it's the second worst deal ever in the history uh so you know the amount of money that he's losing on Twitter and you know he can't really uh you know take turn it around and it's just a mess Tweeter right now at the open Twitter at uh you know it was gapping down three four four percent the whole Market was kind of gapping down but the Tesla was really gapping down about three percent opened very strong came above and they did a really nice one minute to pin range break up uh but you know for some reason a stock was gapped down and I really don't know why I jumped in Long in there you know I really didn't like that uh you know the slug was gapping down and I had you know Market was also gapping down but I don't know I just jumped in Long right at the worst place possible but I quickly got out of it so that was the first loss that I had and then after that I flipped my position short heavy because just the volume came in with big drop stock was gapping down so essentially that was a really really a setup plus and we write from 176 to 173.
on this pullback I added more on that as well and then it dropped again I covered and after that it just bounced back and did a really amazing V reversal which was I did not expect that kind of universal for the stock that is so weak so what happened after that so that was a really profitable short on that after that I tried you know I did an ABCD pattern below the vivab this is I don't have a trade book here Peter has this lightening both trade book but I thought that okay if this we are making on higher high and higher low on a five minute chart maybe that's a good chance that we go back to the high of the day so because the trend on five minute has really really uh you know become bullish changed from that big drop so I went there I did a couple of over trading here eventually I got a a a small breakout on it really didn't go to the high of the day and you know up to 176 and I gotta stop that at the at the break event and then the drop was significant I went short and I said okay this time it's gonna go really down but I quickly covered because I was done with my day so essentially one trade was here that was a loss this trade was a short trade that was really nice and then a couple of uh uh try to go long on it and then won a quick uh out on the short trade here so this was the last this was a really nice win this was the main win and the this one was just a break even and I'm you know I'm sorry that I got out of it because after that you know it's just really really dropped significantly if you look at the five minute chart it's just you know just dropped and I think uh Tesla the next level on it is at 167.
I think if you look at it on a daily chart it's just uh back into weekly chart is back into the high of 2020 just before the pandemic this 167 is a very important level and uh it's just going in that that way uh obviously Tesla is under pressure because Elon Musk Focus has been on Twitter he's probably selling a lot of shares to raise cash for it and uh it's just uh you know there's a lot of competition issues with that as well so Brian is uh uh not in so I have the pleasure of doing the recap with the Thor Thor book is published guys uh you know subtle art of day trading in Amazon just uh search his name for young or search my name address this is linked into my Amazon profile page as well so you can actually see that so Thor how was your trading Congress regulations on the book again oh thank you so much and I appreciate the support on the book and all that stuff yeah it's been really great going out so trading day was really good um ended up coming out took me a minute to to get my act together um I I kind of had some similar thoughts to you at the beginning of Tesla um which is um I think I I sent that one in for you but on my Tesla trade that I did today I started off in the pre-market actually looking a little bit long on it um I I thought you know we're above uh S4 we were looking to open above S4 and my normal play there is a long so I went long but at the open it just didn't really seem like it was working so I cut it for a small winter and then I waited till later and tried to long again off of S4 but this is actually um for those of you who have read the book you'll actually recognize that I'm making a really big mistake here I'm actually shorting our longing into a level I would normally short off of which ended up being a mistake and I took two 1R losses back to back there um attempting to basically go long in the wrong position so um you know gotta get you know system doesn't work if I don't trade it right so um so this should have been a short move and uh and it had a really nice drop down this system does allow for a long once we're a past S6 so finally all the way towards the end of the day there I'm finally back long um all the way at the end and I've got my money back on my on my on my stops on that last trade there you can see off of 169.
um so my one thing I really want to point out on this trade for for all of our newer Traders out there um none of us are always right on all of our trades risk management is everything okay so what you can see here is I have a little bit of a winner and then I have exactly two 1R losses and then about a half an hour winner right and then a 3r winner right at the end so I'm up about 2R 2 and a half R for the day even though I have only one one one trade out of all the rest of my trades right and this is this is why risk management is of of Paramount when you're doing this um I also opened up with a really great trade on um Baba I shorted at R4 um I got a nice bounce on Nvidia and the keys so um which ended up being um really good ended up having a really solid day overall but I thought that Tesla example um was was the one I wanted to share mostly because I I lost that trade and I always want to try and make sure I highlight the trades um that I don't think that I struggle with more than that well that's the truth nature of uh sorry that's the truth nature of trading is that sometimes you said something that I really like that the system doesn't work if you don't trade it well so obviously when you really don't have a trade book and you start trading it obviously you lose on that I'm actually surprised they're using shorts the Tesla right at the open at around 176 that drop at the open was your your signature as short at 177 176.80 yeah yeah I don't know I was just I was backwards on that's why I say it took me a couple of Trades and all of a sudden I realized like what are you doing here so I if not at that point I wasn't in a good spot for short so I had to just wait and I finally got along much later but yeah I played that one I played her off yeah perfect so that was a pretty good uh day for me I mean I guess if I were trading I would if I were holding this short here when I got uh stopped out on it because you know I I had a really good day I didn't want to trade anything I would have taken more on that I think Tesla is going to be under pressure uh probably in the next couple of days as well 167 I think we're gonna test 167 it's either today or in the next few days we're gonna test 167.
uh I think nobody knows exactly why he's setting up but definitely first of all the Tesla is overpriced second of all I'm sure Elon Musk is selling himself to raise cash for that other than that spice um uh you know we had the oil drop a little bit because OPEC announced they're increasing the production and after that I don't know what happened at 12 o'clock that it squeezed back up I don't know what was that do you know what was that that's 12.
um now I'm not sure what I wasn't sitting down when that happened so I just kind of got in a little bit later um I I think it was um just kind of some just kind of just kind of some random news that hit the market that ended up actually I don't think it was even verifiable I think it just kind of spiked the market for a second and then went away yeah so the old was down four percent and it's now back up to eighty dollars uh uh so a spy is kind of uh also holding around 0.25 uses the DVD care perfect uh okay guys so thank you so much for watching it uh today is onboarding session for those of you who are coming uh uh into the chat room and the community if you're new you don't know what's going on and it's a bit overwhelming you know just definitely come to the onboarding session it takes take the trial you'll see you get the lingo and what we're doing in the very very very fast and we probably in one week you just uh you know you get exactly what is happening other than that thank you so much guys and I hope I hope everyone is having a a good day see you all tomorrow morning in the chat guys thank you
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