How to be trading on the right side | CPAH trade

00:23:13
https://www.youtube.com/watch?v=a_xtZgA94no

Ringkasan

TLDRIn this video, the speaker discusses a successful trade on the stock CPAH. He highlights his strategy for shorting the stock, emphasizing the trade's simplicity and straightforward execution. The speaker notes that many traders were on the wrong side of the trade, expecting the stock to rise, while he bet on a decline. He enters his position pre-market, adds on spikes, and manages his risk throughout the trading session by analyzing key resistance and support levels. The speaker also discusses his use of research tools like Bam SEC for filings and ThinkorSwim for charting. He looks at past stock behavior to assess potential outcomes. His strategy involved understanding the timing of gap-ups, support patterns in the pre-market, and average fade statistics to execute the short trade efficiently.

Takeaways

  • 📉 The speaker executed a clean short trade on CPAH.
  • 🔍 Research using Bam SEC and ThinkorSwim is crucial.
  • 📈 Understanding past stock behavior helps in assessing trade outcome.
  • 🕒 Timing of gap-ups can indicate potential failure for a stock.
  • 📊 Resistance and support levels guide entry and exit points.
  • 📉 Average fade statistics assist in decision-making for covers.
  • 💰 Proper risk management is essential for successful trading.
  • 🌍 Speaker uses international time conversion for market open.
  • 💹 A stock set up to look strong pre-market may fail.
  • 🔄 Speaker regularly updates positions based on market movement.
  • 📊 Automated tools assist in evaluating stock gaps.
  • 🔧 Specific technical setups indicate shorting opportunities.

Garis waktu

  • 00:00:00 - 00:05:00

    The video begins with the host discussing his best trade of the week, focusing on CPAH. He highlights that although it wasn't his biggest profit trade, it was notable for its clean execution. The host mentions seeing many traders incorrectly predicting the stock's movement and outlines his plan, which involved starting short pre-market, adding during spikes, and covering as the stock reached certain points. He emphasizes the importance of research in planning his trades, using tools like BAM SEC for stock filings review.

  • 00:05:00 - 00:10:00

    The host explains how he evaluates the potential for stock movement by looking at several factors, including when the stock started running and its historical patterns. He relies on statistical data indicating that stocks beginning their run later in the morning often fail at the open. He also examines past stock volume data for insights, utilizing tools that automate the analysis to save time. The host details using past gap-up performances to predict current stock behavior and mentions using Think or Swim for chart analysis.

  • 00:10:00 - 00:15:00

    The discussion moves to the importance of understanding historical resistance and support levels based on previous high-volume trading days. He points out the significance of these levels as potential supply points and how they can influence current trading strategies. For the CPAH trade, identifying these critical levels helped frame the trade execution plan, setting up where he anticipated stock support and resistance. This insight played a role in his decision to short the stock as it neared historical resistance.

  • 00:15:00 - 00:23:13

    Finally, the host emphasizes the significance of timing and volume context in trading, noting that while price activity might indicate strength, underlying factors like low volume can signal potential failure. The video discusses the thinking behind cautious position adjustments as the stock tests certain levels, with the goal of maximizing returns while managing risk. The host provides insights into how integrating lessons from past trades can improve decision-making and highlights resources available for deeper learning in trading strategies.

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Peta Pikiran

Video Tanya Jawab

  • What stock does the video focus on?

    The video focuses on the stock CPAH.

  • What type of trade does the speaker discuss in the video?

    The speaker discusses a short trade in the video.

  • Where did the speaker start shorting the stock?

    The speaker started shorting the stock pre-market.

  • Which platform does the speaker use for charting?

    The speaker uses ThinkorSwim for charting.

  • Why did the speaker choose to cover part of the stock at certain times?

    The speaker chose to cover part of the stock based on average fade statistics and support resistance levels.

  • How does the speaker define a stock set up for shorting?

    The speaker looks for late gap-ups, support patterns pre-market, and average fade statistics for shorting setups.

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Gulir Otomatis:
  • 00:00:00
    [Music]
  • 00:00:22
    all right what is going on guys and
  • 00:00:24
    girls it's the short bear and today
  • 00:00:26
    we're going to talk about the best
  • 00:00:27
    trainer of the week which was CP a H
  • 00:00:31
    it's not the biggest P&L trade I think I
  • 00:00:36
    had this week but I really wanted to
  • 00:00:38
    talk about this form because the trade
  • 00:00:40
    was just so clean and and so easy and I
  • 00:00:43
    felt like a lot of people were on the
  • 00:00:46
    wrong side I saw a lot of people
  • 00:00:48
    thinking all right this might be long
  • 00:00:51
    let's long this this will be Fame and
  • 00:00:54
    and so on and so forth
  • 00:00:55
    alright so I wanted to make this video
  • 00:00:57
    to talk about exactly how I manage this
  • 00:01:00
    trade what I looked at and how
  • 00:01:02
    everything came together as a plan to
  • 00:01:05
    attack this stock so this is the chart
  • 00:01:08
    for CPA age where I shorted where I
  • 00:01:11
    covered where I trimmed and so on and so
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    on so what I did is I started short pre
  • 00:01:17
    market all right mark it open we spiked
  • 00:01:19
    words 350 and we dumped right wing I
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    added some spike debates started
  • 00:01:27
    training down and as soon as we got you
  • 00:01:29
    to 80s I covered half we started spiking
  • 00:01:33
    back over $3 and over the web I started
  • 00:01:37
    adding back and added to full size at
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    3:30 after that it started fading kind
  • 00:01:44
    of retesting the previous support broke
  • 00:01:47
    down I covered a piece I covered more
  • 00:01:49
    and added back once we pumped back
  • 00:01:53
    towards 2:00 p.m. added some more for
  • 00:01:56
    break down towards the close we broke
  • 00:01:58
    down covered some and so I think half or
  • 00:02:02
    yeah I think half and the rest as we
  • 00:02:07
    came back up into the range so let's
  • 00:02:10
    talk about everything so the first thing
  • 00:02:12
    I look at I have
  • 00:02:13
    single time I trade and every single
  • 00:02:15
    time I touch a stop is research so to do
  • 00:02:20
    so I'm going to BAM SEC which is my
  • 00:02:23
    website of choice as many of you know
  • 00:02:25
    right and I type in the name of the
  • 00:02:29
    stock the ticker name which in this case
  • 00:02:31
    is C PAH after that I take a quick
  • 00:02:35
    glance at the filings alright and I'm
  • 00:02:38
    seeing alright we've got an s3 from 2000
  • 00:02:41
    2014 which was amended in 2015 so those
  • 00:02:45
    can't be used anymore to raise as there
  • 00:02:48
    are more than three years old and the
  • 00:02:51
    effect following ones in 2015 as well so
  • 00:02:53
    this f3 can't be use any more to raise
  • 00:02:58
    up that I see all right we put a 443
  • 00:03:01
    from 2015 this is a long time ago
  • 00:03:03
    alright but yeah this is nothing because
  • 00:03:12
    the thing is once you look at 10 here
  • 00:03:15
    which is gonna update everything and you
  • 00:03:17
    research for everything right so let's
  • 00:03:20
    say we're research for warrants no
  • 00:03:22
    warrants whatsoever as you can see after
  • 00:03:25
    I'm gonna look for maybe they've got an
  • 00:03:27
    ATM so I type in sales agreement or ATM
  • 00:03:31
    on find anything after that we're gonna
  • 00:03:33
    go for the convertibles alright and in
  • 00:03:36
    this case we don't get any info as well
  • 00:03:39
    right so right away keep in mind I don't
  • 00:03:42
    do a deep time when I see a stock kind
  • 00:03:46
    of start to run especially later in the
  • 00:03:48
    day where it's near the market open I
  • 00:03:50
    need to you know be fast right so this
  • 00:03:53
    is exactly what I do
  • 00:03:54
    as you can see took maybe 15 seconds if
  • 00:03:57
    I'm not talking while doing it right a
  • 00:04:00
    quick glance over the filings and right
  • 00:04:04
    away I know alright this is the kind of
  • 00:04:07
    fundamental side so I'm not seeing much
  • 00:04:09
    delusion and so on but still I need to
  • 00:04:12
    look at the chart I need to see how
  • 00:04:14
    react to cap ups I need to see if we've
  • 00:04:16
    got bag holders if we've got any kind of
  • 00:04:18
    other supply than the dilution itself
  • 00:04:20
    alright so do so I go to then go swim
  • 00:04:24
    right which is my platform of choice
  • 00:04:27
    or my charting right and as you can see
  • 00:04:32
    I already pulled up the chart for its
  • 00:04:34
    Eph alright which ran right here on
  • 00:04:39
    Thursday it the first thing I saw CPI X
  • 00:04:44
    right is the time the time it started
  • 00:04:47
    gapping up so as you can see we started
  • 00:04:49
    running at this is 8:46 a.m. in the
  • 00:04:55
    morning right 9:30 market open the time
  • 00:04:58
    shows 1446 because I'm in Germany for it
  • 00:05:01
    but basically this is one approximately
  • 00:05:05
    45 minutes before the market open right
  • 00:05:07
    right away I know from my stats right I
  • 00:05:11
    tried every single stock and every
  • 00:05:14
    single pattern I know the stocks that
  • 00:05:16
    start running start that start running
  • 00:05:19
    later than 8:00 a.m. right so later than
  • 00:05:22
    8:30 a.m. especially those dogs tend to
  • 00:05:26
    fail at the open there is a an easy
  • 00:05:29
    reason for that and it's basically that
  • 00:05:32
    it costs less start moving it up at that
  • 00:05:36
    time because you don't have to wait that
  • 00:05:38
    extra hour right where you need to push
  • 00:05:41
    the stock up so if you start at 7 a.m.
  • 00:05:43
    you've got that 7 a.m. until until 8:30
  • 00:05:46
    a.m. right where you need to hold the
  • 00:05:49
    stock price up because your target as
  • 00:05:52
    many people areas gonna be get the most
  • 00:05:54
    volume possible at the open right to
  • 00:05:56
    start bumping more stock so in this case
  • 00:05:59
    right away as the time is 846 I know
  • 00:06:03
    this is likely to fail right so this is
  • 00:06:07
    like you to fail at least so number one
  • 00:06:09
    that's exactly what I want to look at
  • 00:06:11
    plan after that I'm gonna start looking
  • 00:06:12
    at the history of the stock so we've got
  • 00:06:15
    multiple ways to do that you can look at
  • 00:06:17
    the daily ride is the chart down
  • 00:06:20
    training do we have any history right so
  • 00:06:23
    look a bit more than than one year let's
  • 00:06:26
    take three years and when I look at that
  • 00:06:30
    right I've got the coat right so you
  • 00:06:34
    might not know this but we admire as
  • 00:06:36
    money have
  • 00:06:40
    the partner working with us think or
  • 00:06:44
    script all right
  • 00:06:46
    he programs everything is an exclusive
  • 00:06:51
    partner at man has money and feet codes
  • 00:06:54
    everything you need for the course win
  • 00:06:58
    right so this is the gaps that indicator
  • 00:07:01
    which he program which gives you exactly
  • 00:07:05
    what you need regarding the stuff so
  • 00:07:08
    when the stocks gap up I want the data
  • 00:07:10
    to automated I don't want to look back
  • 00:07:12
    manually I want to have everything coded
  • 00:07:15
    fully automated in my platform and this
  • 00:07:18
    is what we're seeing right here so
  • 00:07:20
    during the last two years behind three
  • 00:07:22
    gap ups over twenty percent two of those
  • 00:07:26
    all right close read so we've got a
  • 00:07:29
    right around 66 and 67 percent win right
  • 00:07:34
    regarding the gap ups the average spike
  • 00:07:36
    from the open is 73 percent all right
  • 00:07:40
    this is mainly due to one big spike day
  • 00:07:43
    right this year after that the average
  • 00:07:47
    close from the open when it stays over
  • 00:07:49
    the ADI the opening price is going to be
  • 00:07:51
    one hundred and seventy six percent same
  • 00:07:53
    thing this is only when it goes green
  • 00:07:55
    all right and this is because of the big
  • 00:07:57
    thing usually on the other starts to
  • 00:07:59
    capstat trying to use five years for
  • 00:08:02
    those alright and we're going to get
  • 00:08:03
    something more like twenty gap ups and
  • 00:08:05
    the stats will be wanna see in the sense
  • 00:08:09
    better to use because the more gap ups
  • 00:08:11
    you're going to get the more you're
  • 00:08:13
    gonna trust the data or at the more data
  • 00:08:15
    points that's the same thing when you
  • 00:08:16
    track a strategy the more data points
  • 00:08:19
    you have the better as you go through
  • 00:08:22
    market cycles you go through you want to
  • 00:08:25
    build an average right and the average
  • 00:08:26
    is gonna be better if you have more data
  • 00:08:29
    points but the average closed from the
  • 00:08:32
    open when it closes load the open right
  • 00:08:35
    so when it goes bad is minus 18 percent
  • 00:08:38
    orange that's something we want to know
  • 00:08:41
    so this code all right is available with
  • 00:08:46
    think we're script right and if wants to
  • 00:08:51
    use it and if you want to
  • 00:08:52
    maybe see what else he has gonna put a
  • 00:08:55
    link in the description for you to check
  • 00:08:57
    it out
  • 00:08:58
    so from there I'm gonna look at the
  • 00:09:02
    let's say the 5-minute chart right
  • 00:09:05
    because we've got a previous run right
  • 00:09:06
    the previous round Bartlett that's
  • 00:09:08
    actually let's stick with dating for now
  • 00:09:11
    I'm gonna explain to you exactly why so
  • 00:09:13
    on the daily chart we've got a previous
  • 00:09:16
    run right we didn't fade back completely
  • 00:09:18
    people are still back from the running
  • 00:09:21
    [ __ ]
  • 00:09:21
    so the first running day we had 42
  • 00:09:24
    million bought and traded and the second
  • 00:09:26
    day we had nearly 20 million traded
  • 00:09:29
    right on the second day right when we
  • 00:09:32
    gap up from $2 to $3 every single person
  • 00:09:36
    which was long and held onto their
  • 00:09:38
    position are still read on the trade and
  • 00:09:42
    part of the first thing and part of the
  • 00:09:44
    lungs from the first day chasing into
  • 00:09:46
    the holiday our bag as well and read on
  • 00:09:49
    the trade all rights this is a very very
  • 00:09:53
    very big part of this trade because it
  • 00:09:55
    means for me if we can't do you know
  • 00:09:59
    that huge volume we did on the previous
  • 00:10:01
    runs right if we told you 30 40 million
  • 00:10:04
    volume we're not going to be able to
  • 00:10:07
    kind of overcome the selling as
  • 00:10:09
    especially due to the the bag holders on
  • 00:10:13
    that first date chart is down training
  • 00:10:15
    we got a history of failure we've got
  • 00:10:18
    the bag holders so everything starts to
  • 00:10:20
    come together now right and I want to
  • 00:10:23
    know exactly from where the the lines
  • 00:10:26
    are bad and if we had any major area or
  • 00:10:29
    every gas on on those days right that we
  • 00:10:33
    can use for this trade so if on those
  • 00:10:35
    days where the super big volume was
  • 00:10:37
    traded there was a big resistance area
  • 00:10:40
    or a big support area which was held on
  • 00:10:42
    major volume better bet that this or
  • 00:10:45
    these areas are going to be retested and
  • 00:10:49
    are going to be
  • 00:10:53
    we're gonna play a big role and are
  • 00:10:56
    still going to be used as points of
  • 00:11:01
    supply and men all right so we're gonna
  • 00:11:06
    look at its we're gonna look at the 30
  • 00:11:10
    days chart on the five minutes all right
  • 00:11:17
    today it's
  • 00:11:20
    thirty days and I look at stuff five
  • 00:11:23
    minutes
  • 00:11:24
    Thanks
  • 00:11:26
    so when we scroll back we're gonna see
  • 00:11:30
    all right those where the pretty much
  • 00:11:32
    the two or let's say three days all
  • 00:11:34
    right where we had action a few weeks
  • 00:11:36
    ago so now we're going to draw the
  • 00:11:39
    basically the resistance and support
  • 00:11:42
    areas around so we've got the first one
  • 00:11:44
    right here once and before I'm not going
  • 00:11:46
    to go further than that because we
  • 00:11:47
    didn't fade back why I didn't expect
  • 00:11:50
    it's a to be that big right so I'm
  • 00:11:52
    looking at the stance I'm looking at 20%
  • 00:11:54
    is the average fade right so from three
  • 00:11:58
    dollars the average trade would bring it
  • 00:12:00
    down to 220 so I don't need to go much
  • 00:12:02
    further than you know under two so after
  • 00:12:05
    that we've got pretty much this area 250
  • 00:12:08
    which was we tested after and we've got
  • 00:12:12
    dollars basically we've got what's it's
  • 00:12:17
    here but that 365 ish area and we've got
  • 00:12:24
    4 30
  • 00:12:30
    now what you can call it I would call it
  • 00:12:32
    pretty much 350 to 365 because we did
  • 00:12:36
    you know stop here and then we supported
  • 00:12:38
    265 you kind of supported after testing
  • 00:12:41
    350 65 here and then the next morning we
  • 00:12:45
    talked out that 350 right so those are
  • 00:12:47
    the areas I'm gonna be looking at all
  • 00:12:49
    right we still got five dollars right
  • 00:12:50
    and we've got five 60s so now we can go
  • 00:12:55
    back into one-minute chart let's take
  • 00:12:57
    two two days on a chart
  • 00:13:02
    and let's look all right so
  • 00:13:06
    now you start to see the picture alright
  • 00:13:08
    so on the big running days alright on
  • 00:13:11
    the big runner day and then the fade
  • 00:13:13
    back during the crash day we the biggest
  • 00:13:16
    support or resistance area is and was
  • 00:13:20
    350 right so 350 to 360 so that was the
  • 00:13:25
    area I wanted to look at for this day
  • 00:13:28
    right and now everything comes together
  • 00:13:31
    and so I know the sentiment for this
  • 00:13:35
    stock is not necessarily super bearish
  • 00:13:38
    and I know people are gonna start to
  • 00:13:41
    chase long right take chase long because
  • 00:13:44
    they're seeing oh this could run in the
  • 00:13:46
    past all right this has an illusion this
  • 00:13:49
    computation that right but when too many
  • 00:13:53
    people are on the same side and it
  • 00:13:56
    doesn't work usually we're gonna get a
  • 00:13:58
    sharp sharp reversal so what I saw in
  • 00:14:01
    this talk and my thought process was the
  • 00:14:03
    gap up time is not right for a runner
  • 00:14:06
    the volume free market is not right for
  • 00:14:09
    a super runner the pattern just spiking
  • 00:14:14
    and showing kind of kind of strength
  • 00:14:18
    into the open is not something I want to
  • 00:14:20
    see on the burner all right because it
  • 00:14:23
    basically it's it's like you are trying
  • 00:14:26
    to make this stock look a certain way
  • 00:14:29
    for people to chase inch width on the
  • 00:14:33
    sidewalk right so if you set it up this
  • 00:14:36
    way that it's strong and supporting free
  • 00:14:38
    market on the low volume usually it's
  • 00:14:41
    gonna fail when my book so that's
  • 00:14:43
    something I like to short into because
  • 00:14:45
    they're basically trying to get a higher
  • 00:14:47
    price on lower volume so the capital
  • 00:14:50
    need is not as high they're gonna move
  • 00:14:52
    it up and people are gonna chase fun
  • 00:14:54
    because it looks strong and if you are
  • 00:14:58
    hoping that once you know to really you
  • 00:15:00
    grab the stock up and to accumulate
  • 00:15:02
    chairs you don't want to make it look
  • 00:15:03
    strong you want it to make it look weak
  • 00:15:05
    it's want people to sell into your body
  • 00:15:08
    or you to accumulate at a lower price
  • 00:15:10
    and then spike stock up if you do make
  • 00:15:12
    that way a lot of people are guard long
  • 00:15:15
    we're not going to be able to fill their
  • 00:15:16
    positions your average is going to be
  • 00:15:18
    higher so that's not
  • 00:15:19
    really what you wanted to do as a long
  • 00:15:22
    player and as someone that wants to
  • 00:15:24
    accumulate a lot of shares so when I saw
  • 00:15:28
    that started moving up all right and I
  • 00:15:32
    see this over extension into the open a
  • 00:15:34
    lot of times you can see it crash back
  • 00:15:36
    just before they open so I started in
  • 00:15:39
    335 330s want to add this on this one if
  • 00:15:44
    we get towards 360 all right so 350 360
  • 00:15:49
    and if you don't get that and we stop
  • 00:15:51
    just before 350 I'm fine with what I
  • 00:15:53
    have right now and I'll look to add more
  • 00:15:56
    3vj so we start doing that but I get in
  • 00:16:01
    we going start going to work
  • 00:16:03
    350 comp like into the 50s crash down I
  • 00:16:06
    see it trying to pop heavy heavy heavy
  • 00:16:08
    trying to pop heavy and I am right here
  • 00:16:12
    alright so I add towards 315 ish because
  • 00:16:16
    I want my average to be right around 325
  • 00:16:20
    which that gives me a nice kind of kind
  • 00:16:26
    of cushion right if we start spiking up
  • 00:16:28
    towards that I'm fine with the average
  • 00:16:30
    but at the same time I don't want it to
  • 00:16:32
    too low because I don't want it you know
  • 00:16:34
    to be where my stop is whatever 30 cents
  • 00:16:38
    to 40 cents right I want a tighter stop
  • 00:16:41
    than that so I'm adding I see it you
  • 00:16:44
    know kind of us still see this kind of
  • 00:16:45
    resistance which tonight is supported to
  • 00:16:47
    90s right start supporting it start
  • 00:16:50
    spiking or V web by the way reject super
  • 00:16:54
    heavy and we reject after that we start
  • 00:16:56
    spiking back kind of retesting the
  • 00:16:58
    support area broad just a trend line
  • 00:17:01
    right here alright we start moving
  • 00:17:04
    towards that - - again support and then
  • 00:17:07
    we start crash cracking right here and
  • 00:17:09
    why did I cover them well because at
  • 00:17:13
    first we've got that 18% average thing
  • 00:17:17
    right the 18% on each face now let me
  • 00:17:21
    calculate it right away quicker if I do
  • 00:17:24
    it right here on my phone the open was
  • 00:17:26
    right around 3:30 right so 330 times 0.8
  • 00:17:33
    - right it's gotta give you the average
  • 00:17:36
    face which is 270 nights so - seventies
  • 00:17:39
    is right here right and that's where I
  • 00:17:44
    want to get a piece at so - 70s gotta be
  • 00:17:47
    the the full side right the average fade
  • 00:17:50
    and I know on the fader is the average
  • 00:17:52
    fading time but it's gonna be towards
  • 00:17:55
    the afternoon right oh ah yeah after you
  • 00:17:56
    not gonna get to the odd thing but if
  • 00:17:58
    we're making it so close to the low of
  • 00:18:01
    thing right away at the open I want to
  • 00:18:03
    cover at least because that's gonna show
  • 00:18:05
    me all over emotional right latte is
  • 00:18:08
    still likely to happen further way right
  • 00:18:12
    during the end of the day so I want to
  • 00:18:16
    take a piece right now into the
  • 00:18:17
    emotional sign right and this one was
  • 00:18:20
    too chubby for me to hold longer than
  • 00:18:22
    that for the full position I had because
  • 00:18:26
    when I look at faders I look at straw
  • 00:18:29
    you stocks are very weak usually they
  • 00:18:31
    don't spike back why you like this right
  • 00:18:34
    so we're gonna get bigger crashes small
  • 00:18:38
    pops super heavy and fade fade fake but
  • 00:18:40
    this one is pretty much we draw
  • 00:18:42
    consolidate we push we drop we come
  • 00:18:45
    sunny day we push and consolidate and
  • 00:18:48
    you start cracking but we can tree
  • 00:18:51
    cracked down enough so every time it
  • 00:18:53
    gets kind of supported supported
  • 00:18:54
    supported supporting and I don't want to
  • 00:18:57
    see that because I don't wanna be in
  • 00:19:00
    that Bryan back where because the thing
  • 00:19:03
    is every time it pops shorts are gonna
  • 00:19:04
    be involved shorts are gonna be involved
  • 00:19:06
    shorts are gonna be involved right and
  • 00:19:08
    that's not good for us because the time
  • 00:19:11
    it supports shorts are gonna be
  • 00:19:13
    hammering in and they're gonna get
  • 00:19:15
    squeezed out so that's what I was seeing
  • 00:19:16
    kind of too much support too much
  • 00:19:19
    support people really kind of looking
  • 00:19:22
    for a big break down the short side and
  • 00:19:24
    the problem is once we start beatin
  • 00:19:26
    aiming one short start capita dating
  • 00:19:29
    usually we got a big kind of spike back
  • 00:19:32
    and I knew we are in that market where
  • 00:19:34
    shorts are gonna be hammering everything
  • 00:19:36
    and in this case a new Shores we're
  • 00:19:39
    hammering but at the same time he had
  • 00:19:41
    long waiting there's a lot of people
  • 00:19:43
    well I can't it's for every time
  • 00:19:45
    so I cover the piece we started
  • 00:19:46
    reclaiming reclaiming people right here
  • 00:19:49
    already like three dollars they were
  • 00:19:51
    like alright new half-day this is gonna
  • 00:19:53
    rip right but I knew we still got that
  • 00:19:56
    major major back older every apps were
  • 00:19:58
    359 and we couldn't even make it at the
  • 00:20:02
    open so it's even whisper right the
  • 00:20:03
    biggest volume on the day the moment
  • 00:20:06
    where the stock was looking the the
  • 00:20:08
    strongest we couldn't make it so I'm not
  • 00:20:10
    expecting the stock to kind of make it
  • 00:20:12
    back towards those areas all right I'm
  • 00:20:14
    looking at the Long's when our dairy
  • 00:20:16
    take on a bag basically and I wanna
  • 00:20:18
    kinda squeeze over the liquidity areas
  • 00:20:21
    for the many planners to get the stops
  • 00:20:23
    and really create so in this case we
  • 00:20:24
    could we had the V way up towards 3 10
  • 00:20:27
    ish I believe and we had this resistance
  • 00:20:30
    and I right here at 325 ish and the high
  • 00:20:34
    up they are in two to three 525 which
  • 00:20:36
    was also high and major resistance area
  • 00:20:38
    do we need in the market session so as
  • 00:20:41
    we move back towards this area right the
  • 00:20:44
    VIP area and Pierce over it I get one
  • 00:20:46
    half of what I covered here back on and
  • 00:20:49
    I'm thinking I really hope this one can
  • 00:20:52
    push one more leg up so instead of one
  • 00:20:55
    leg up I want one
  • 00:20:56
    go back to and then fade back right
  • 00:21:00
    after the Elliott Wave Principle
  • 00:21:02
    so as we spike up right towards the the
  • 00:21:05
    highs I add back to food sides risking
  • 00:21:08
    the high up day and right away make slam
  • 00:21:11
    back alright people every single
  • 00:21:13
    shortages but squeezed out long chased
  • 00:21:15
    and now that the shorts are out and the
  • 00:21:18
    lungs chased everyone's going to be
  • 00:21:20
    looking for to be short and to sell the
  • 00:21:23
    long position so after that I'm looking
  • 00:21:25
    at the failure stats and average fade on
  • 00:21:29
    the stocks which is gonna be pretty much
  • 00:21:31
    well I'm not gonna go too much into it
  • 00:21:34
    because I don't want to share every one
  • 00:21:36
    of my secrets and we've got a lot of
  • 00:21:39
    courses because a lot of videos exactly
  • 00:21:40
    covering that on menace money so if you
  • 00:21:43
    want to join link is in the description
  • 00:21:45
    as well but basically the average fade
  • 00:21:48
    is going to continue into the afternoon
  • 00:21:49
    which is why I'm holding on to the
  • 00:21:52
    stocks right so well are getting back is
  • 00:21:54
    getting heavier and heavier more and
  • 00:21:56
    more lines or you know bail
  • 00:21:58
    and as we crash down I take my first
  • 00:22:01
    cover I've totally crack and you know
  • 00:22:04
    see behind towards 250 and we start
  • 00:22:07
    grinding more you see and overextension
  • 00:22:09
    towards the 250 and I cover more you see
  • 00:22:13
    a spike back right and I'm still
  • 00:22:16
    thinking my head average day is gonna
  • 00:22:17
    take more than that so I'm taking bunger
  • 00:22:19
    so I'm adding back more we try to do
  • 00:22:23
    spike back up can't make it fade back
  • 00:22:25
    towards the support area I'm adding more
  • 00:22:28
    for the breakdown breakdown not much
  • 00:22:30
    volume right and not much panic and I'm
  • 00:22:33
    seeing a lot of people buying so I
  • 00:22:36
    decided you know what taking everything
  • 00:22:38
    off and I took everything else all right
  • 00:22:40
    this was it for this video if you liked
  • 00:22:43
    it please leave a like and subscribe and
  • 00:22:47
    I'll see you in the next one
  • 00:22:51
    [Music]
Tags
  • CPAH
  • short trade
  • stock market
  • trading strategy
  • resistance levels
  • support levels
  • market analysis