The Market Just Got VERY Hot! Here’s how I am trading. | $SPRT $JFIN $ANIX $GSMG

The Market Just Got VERY Hot! Here’s how I am trading. | $SPRT $JFIN $ANIX $GSMG

hey everyone welcome back to another daily recap today is a huge day because i took three trades for the first time in one day and also i took them all simultaneously so i was taking them all at the same time i was in all three positions at the same time and it was uh it was good it really turned out well uh so let me dive right into all the trades um but first i do have to say this video is not backed by my investing club i’m just a member making these daily recaps to hopefully help you and also help me uh just by reviewing my old recap seeing how i’ve improved over time and became profitable i’m not profitable yet but i think i’m getting there and these videos will be really good to keep track of and how i did it so hopping right into it we have jfin all right this is a well i don’t this isn’t really a low-hanging fruit mainly because the stock looks intact but my strategy with low-hanging fruit or day two plays are if they are below the pivot point and the red to green line it is a short and so especially this one because we were very close to uh the red degree line which means i can get the best reward because my stop is over red to green um this one my stop was a little wide compared to normal so i got a little bit less size than i should have but a lot of the time my stop is only 10 cents from red to grain so i guess this isn’t too far but it is a little bit farther than normal so my re my stop is always above red to green uh usually it’s a lot tighter which allows me to get really good rich reward if it does work and this one worked out very well um so prairie market we kind of just that’s the problem with these they have very low liquidity and so you got to be careful these things can be pumped pre-market really quickly but it’s day two and it’s high probability so as long as you stay safe and cut as soon as a lot of volume comes in you should be safe now pre-market not much happen but then you know this is what happens most the time with these ideal setups uh they tank right out of the open uh and this one we had a really nice take i accidentally shorted 10 extra shares so i got 25 shares here and then i got 10 extra shares here i did not mean to short but hey it worked out right um actually i don’t know if it worked out because since i was originally going to cover 10 shares here and then 15 shares here but since i shorted 10 here i was like oh shoot let me just cover that so i covered 20 here and then i covered 10 right here um so i don’t know we’ll see uh so yeah that was a really good trade uh i could have always i can always do better scaling out but i i’ve told myself today that you can’t be perfect you can’t always catch the bottom uh for annex annex for example uh this is the other trade very similar uh this one’s more of a low-hanging fruit so i wanted to scale even more on this one so i wanted to scale all the way up to 520 because this one was a good low hanging fruit it had a tight range and there was clear clear stop-out area again on both of these setups if i had just lowered my wrist to like i had it normally uh right above red to green i would have gotten a lot more size like on both these combined i probably would have got i probably would have doubled maybe even tripled my my profits today but i decided to go with a wider stop because if this did pop and rejected 520 i could definitely see that happening and then we fall the problem is when we get over red to green i feel like you should probably be covering when we come back down to red to green because a lot of the time it just holds it and runs more um and so once you’re below red to green that’s where it stays down and hopefully like fades and drops more but once you’re over red to green it’s kind of like i feel like it’s going to hold it and so i should nail and bail so nail bill over red green uh you can let it work under red to green that’s kind of like what i’m thinking so i need to have my stuff closer to red to green on these because i’ll either get cut out for a small loss or win on massive wins uh versus right here where you know i don’t have very good i mean i don’t have very good rewards it’s as simple as that um but yeah this one worked out too and so this one um i was playing basically the same as jason but i was a little more patient on this one and that is because it didn’t tank that much really quickly so i covered out about half right here uh and also the goal is to short red degree and cover around ssr that’s the that’s where the meat of the move is and that’s where you make your money and so on here i was wanting to scale out a little more hoping it fell more maybe after this bounce and rejected but we lose volume and the stock doesn’t move very much you’re gonna have to wait a while um my stop was at 490 okay so if i if i had my that was my stop on my second uh shares so i covered half shares and then i was holding 50 left and i set my stop at 490 okay and then i decided okay because i have to leave at uh 10 o’clock for school and so i was like you know what let me just cover right here it looks like it worked out and i would not have gotten sucked out and i would have gotten way better coverage down here probably would have covered around here but again i i’m not gonna i could have set a range order but again with the low liquidity it’s kind of scary so these were the two low-hanging fruit trades um i actually took a long trade today okay let me go over that so gsmg was a play all right so this one had a massive massive run-up uh probably not massive compared to some other runners today but this one was a day one gapper uh we kind of hold under view up i’ve seen this a ton of times we hold on our view up we reclaim we trap the shorts and we go on a run okay so this is what happened here i did not enter anywhere in this area which would have been like so you know right here you’re thinking okay it might be a broken sock right here bam new higher low higher low this is probably the ideal entry anywhere right here with a really tight risk that’s the beauty of longing i think my rule with lung is going to be only longing things where i will get three to one reward all right so we have this can have a really tight stop probably at 2 15 but again the problem was i could not long this because i was setting up my e-trade with pre-market trading uh and then i finally got that available and so we had this higher low here and i tried getting in here but you know i have more technical issues and then finally i figured it all out i set my stop at 220 because i don’t want it to break this low uh which the wrist reward was not as good now again i’m risking this chunk versus if i had enter here i could have risked a smaller a smaller amount to make even more because you’re entering lower um but i had two ads here uh the first ad was on a bounce on view i pretty much bottom ticked that one uh we come back back back we’re kind of just hovering on view up which is fine by me but then we come to make the push all right you see the little volume here we come to push and we just sell like every pump we’re being sold into and so i just decided you know what i need to focus on my short positions because we’re getting close to market open so i sold for a five sec gain and since i had a tight stop uh i was able to get you know 51 shares with risking a very small amount and so this was a nice um five cent share gain so i had 51 shares uh you know that was a nice 2.50 gain but again imagine that sized up don’t focus on the piano but the chart i added to my winner here uh you know i think i was i was gonna adjust my stop if i didn’t decide to sell here but i did sell and kind of timed it perfectly um and honestly i need to work on getting better entries again now i won’t have technical difficulties but i need to get a better entry so that i can be more patient because if i entered right here i would have let the trade work and there this trade had a good a good chance at working out but a lot of other stocks were taking attention all right and that’s why um i think it failed otherwise this one looks perfect to have got it but this is what happens when we’re testing uh and it kind of just took all the volume in our x piece and then you know that was crazy oh another setup that i missed out on uh was adtx all right i was watching this low hanging fruit all right we break through red and that’s where i really like it uh this is 4am so i’m not going to wake at this point but when we get to this point we’re kind of hovering it so i was watching this but i decided to take jfin and annex instead of this which sucks because look i think it had an offering and it was massive that would have been crazy um and i would have shorted around this three dollar mark when we bounced back to view up or i would have shorted anywhere in this area uh but yeah as long as it’s within 10 cents of ready to grain i think any short is pretty good on these setups i think that was all the whole day um you know the market is definitely different now the market is hot okay longs are favored in this market now so we need a stock selection is key for both long and short but long it’s a lot easier you just focus on the stocks that are going crazy um but for short you need to focus on on the socks that have literally no attention um you know so let’s see oh right okay so this is another stock i was watching kxin see there’s a lot to talk about these daily recaps are getting a little longer than normal and that’s because the market is hot so kxim we had a massive run up i don’t know about massive it was 50 cents but it was a big run up and then we kind of break down we’re kind of fading so it’s like okay this is a very nice looking v-wap uh reject short if we tank at the open so off the open we did have a little dip and then we started bouncing but we never got to view up so that’s a bummer but if we did it would have worked very well especially this is good because all the other crazy socks they’re taking the attention so when this one’s popping a view up i don’t know no one should really care about it probably no one’s looking at it and there’s a lot of long strap pre-market and so it’s a high-probability setup um yeah that was everything today that i saw from the market um let me know how what do you think about this market down in the comments it’s crazy uh let me know if you’re long biased or short biased and how you’re doing in this market i’m really interested uh be sure to drop a like and subscribe if you did enjoy and i’ll see you guys on the next one peace [Music] you
rn

The Market Just Got VERY Hot! Here\'s how I am trading. | $SPRT $JFIN $ANIX $GSMG

rn

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *