How To Trade: #Scalping Trading Strategies PT 2❗ JAN 17 LIVE

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Why the hell poar up today to trade what is up beautiful people welcome to how to trade formerly known as the midday show that is your girl Adera I’m share and as per usual we’re going to wait for the chat to populate and for people to come on over from the

Other stream as we have our own stream now DL bears versus bulls always uh first in the chat shout out to you world’s greatest moderator uh we are going to be talking about scalation I think that that’s probably your favorite topic so far there we go big Juan

Padilla Patrick langoy Andrew dat Trader Carlos C CH Thomas Johnson Paul Milligan big Michael Lloyd Mr memes I like that name Emma Fernandez we got Joe doy oh boy traitor uh maybe that’s a playoff like Obie’s saying that’ be cool if it was yeah I think it is maybe big Adam

Delo Ponzi Fonzi some of the uh the ogs we got unrug uh as well as many others and big Cal bdet what’s up my man um he’s a Washington commanders fan so I don’t know how I feel about him anymore I’ve never heard of that team I’m going

To be really honest with you never heard of called the Redskins they changed their oh that’s why I haven’t heard that K what that that’s good they did that I just did not know they did that yes yes all right Adera um let’s just start with

Uh the lesson right away this is going to be ader’s favorite lesson we’re talking about scalping scalp trading scalp ulation whatever you want to call it let’s get right into to the lesson so let me just scroll up a scalp Trader intends to take as many small profits as possible that’s

What we’re looking for here um this is the opposite of a let your profits run kind of philosophy or system um or mindset which attempts to optimize positive trading results by increasing the size of the winning tradeit kind of this is the exact opposite not the exact opposite but completely different this

Strategy achieves results by increasing the number of winners and sacrificing the size of the winning trade so you take multiple uh trades uh with a higher win ratio but a smaller win um dollar amount per trade but they accumulate so it’s not uncommon for a regular Trader

Right a non-scalp Trader with a longer time frame to achieve positive results by winning only half or sometimes even less than half of their trades um it’s just that the wins are much bigger than the losses and we talked a lot about this when we talked about trading plan

If you have a one:1 ratio right then you’ll break even you’ll break even if you’re uh 50% accurate assuming that your losses are not larger than your winners if you do two to one then you only have to be right at 23ds of the time etc etc etc okay so in this

Particular case a regular Trader will look to have at least a 50% win ratio whereas a scalp Trader will need a larger win percentage to uh to achieve the same results a successful scalp Trader however will have a much higher ratio of winning trades versus losing ones while keeping profits roughly equal

Or slightly bigger than the losses so scalp trading you’re in a trade for a short period of time you’re taking a small move and you’re going to repeat that over and over and over that’s kind of like the very ABCs um of that explanation the main premises of scalp

Trading are as follows there’s three okay lessened exposure limits risk so the idea here is brief exposure to the markets diminishes the probability of running into an adverse event you’re not in a trade for all that long you guys see Adera trading she gets in Tesla she

Takes a buck she gets a hell out of Dodge right so that’s kind of what she’s doing she’s trying to limit her exposure to Tesla cuz Tesla sometimes not bestla right smaller moves are easier to obtain so premise number two here the smaller moves in the actual instrument itself

Are easier to obtain than larger moves a bigger imbalance of supply and demand is needed to Warrant a bigger price change for example it’s easier for a stock to make a one penny move obviously than a $1 move and so here the idea again being

That you you size in for that one penny that 10 Penny move and you get at a you rinse you repeat you rinse you repeat we’re going to talk about some strategies coming up but we’re just talking about the basics for now and the third premise of scalp trading is that

Smaller moves are more frequent than larger ones that’s kind of play off the the second premise really even during relative quiet markets there are many small movements a scalper can exploit and the beautiful thing about that is you don’t need a whole lot of change in the price action what you typically need

Here is volume without the corresponding price change so there can be equilibrium between buyers and sellers but as long as there’s volume being done on the day it allows you to scalp now how do you employ scalping as your primary trading style oh I forgot to go to the

Topics right there we go scalping tools we’re on now so a pure scalp Trader will make a number of Trades each day perhaps in the hundreds I don’t know about that but not me anyway you do hundreds of Trades yeah you do hundreds of Trades

That’s why so yeah he is the ktina man is a scalp trade well I don’t know if he’s a scalp Trader he’s taking dollars sometimes so um but he does hundreds of Trades as scalper will mostly utilize the tick or the one minute chart okay since the time frame is small and they

Need to see setups as they take shape in close to as real time as possible supporting this system you’re going to have to have a number of tools at your disposable disposal you’re going to need direct Market access with obviously with day trade the world we obviously have

Direct Market access we don’t route our orders only to One Market maker or to one Gateway we have a plethora of different market makers and gateways that we can use and you have to have direct Market access otherwise you’re not going to get the best price at the

Best fill at the best time so you need you know some people call it direct Market access some people call it direct access routing direct access trading whatever the hell you want to call it you need direct access to the markets the other thing you need is level two

That’s what we talked about all of last week you need those level two quotations which are essential for this type of trading so this is the level two over here uh this is the level two so you can see obviously on the left is the the bid

The best bid on the market and then the best offer on the market and then where it says mpid that’s the Gateway and then next to that is the size okay so those are going to be two of the things that you definitely have to have if you’re

Going to start scalping you need you need the book and you need direct Market access all right so what are these scalping strategies that we’re going to talk about so the first type of scalping strategy is called Market making okay you’re trying to be a pseudo Market

Maker what that what does that mean basically you’re trying to capitalize on the spread by simultaneously po ing a bid and an offer for a specific stock obviously the strategy can succeed only in the most immobile stocks that trade big volumes without any real price change and we talked about some of these

Last week uh the buyouts where a stock moves up aggressively aggressively in one candle moves sideways for the majority of the the rest of the day and basically what you’re trying to get there is you’re trying to see is it trading within a one or two Penny range

If it is you sit on the bid you get filled in the bid and then you post on the ask and you try to get filled on the ask for the offer and basically what you’re making money here off is with you’re taking big size you’re making a

One or two Penny move as well as you’re getting that rebate from The Exchange so you go on a Gateway that pays you um um what’s it called a rebate for adding liquidity into the market so you have two ways by which you’re making money okay so this is the first type of

Trading uh uh SC trading strategy was called Market making this kind of scalping is immensely hard to do uh successfully because a Trader must compete with actual market makers for shares on both sides uh of the bid and the offer also the profit is so small that any stock movement against the

Trader position warrants a loss exceeding sometimes uh their original profit Target so if I’m trying to scalp one penny uh by sitting on the bid and selling on the as for 50 or 100,000 shares what if that thing goes against me two pennies so now I’m basically out

My entire double my profit Target my profit Target was one penny to the high side now I’m two pennies in the negative so it’s tough to do and it requires a lot of practice and a lot experience with the stocks that are very immobile but have high liquidity

Okay the second type of scalping style is done by purchasing a large numbers of shares that are sold for a gain on a very small price movement a Trader of the style will enter into positions for several thousand shares sometimes several hundreds we’re not going to

Judge here and wait for a small move which is usually measured in sense such an approach requires highly liquid stocks allowing you know entering and exiting 3,000 to 10,000 shares uh easily here so when you when you see Adera she loves her scalp again to use that Tesla example she gets

In at what’s Tesla at right now 213 she punches along 213 and then she’s outy at 213 and a quarter so basically trying to take um a small amount of price and limit her exposure to the vicissitudes and the insanities of Tesla trading I love the wording there yeah it the third

Type of scalation or scalping is considered to be closer to the to the traditional method of trading a Trader enters a specific amount of shares on any setup or signal from their system and closes the position as soon as the first exit signal is generated near that one:1 risk to reward ratio so

Essentially here what they’re trying to say is it’s basically you can employ scalping using the regular methods of trading but you’re going to limit your exposure here to one: one so you you know whereas you were taking a a quarter Penny before if you’re going to risk 50

Pennies on the Tesla trade punching long at 2113 you’re going to get out as soon as it hits 214 and you’re not going to allow your exposure to you know be prolonged for more than that so before I go on for the tips any uh anything to

Add or uh ask yeah for sure I mean I I can like jump in on here I like like hinted that I was very excited for Scout Day um and I think one thing too that just cuz I’m seeing a lot of talk in the chat as well about like everyone starts

As a SC um I think what I find appealing about scalping um in addition to the fact that I’m a very new Trader still in The Sims still learning and hopefully growing is that um I find it to be at least a bit more controlled that’s why like even

Though that market uh maker definition you talked about I wouldn’t say that’s necessarily my style of scalping however I think that’s part of the appeal to me is that you can just go in make these teeny tiny moves like you said like 25 cents in Tesla something like that right

And then just kind of get out for me a lot of it’s just watching levels waiting for my moment and just taking a little nibble at the market market and then leaving before I can get run over um and so I think yeah I think that to me

Obviously everyone’s going to have a slightly different take on scalping that’s why I I say scalation because I call it like a combination of scalping and calculating like looking at that tape looking at the level two uh to plan my entrance is an exit so that’s my

Little um two cents there but yeah I think I think it’s a really I’ll definitely have more to say later too but that’s I take you and I are both looking at the same trade they’re meta ay strong here yeah that’s what I had loaded up my charts all right let’s keep

Going on with the a next part of the lesson so we can actually get to some trading so here are some tips for novice scalpers newcomers to scalping need to make sure the trading St style suits their personality because it requires a very disciplined approach Traders need to make quick decisions spot

Opportunities and constantly monitor the screen those who are impatient and feel gratified by picking uh those who are impatient yeah and feel gratified by picking small small successful trades are perfect for scalping and remember we talked Dara and I hate to put you on the spot obviously but when you first

Started trading we remember I asked you I’m like what kind of personality do you have or would you say you’re patient or impatient and you described yourself right I didn’t Point any Fingers um but I think that your patience is growing to be honest with you so maybe maybe uh

Maybe you grow on and scalation just becomes one of the Quivers one of the arrows in your quiver I like that analogy yeah I’m open to that too right like sometimes I will take longer talks but I think especially for my me S IEX scalin Fair all right so order execution

Here’s a tip for order execution for the novice a novice needs to master the art of efficient order execution a delayed or bad order can wipe out what little profit was earned and even result in a loss sadly since the profit margin per trade is so limited and small the order

Execution has to be per well I don’t want to say perfect but it has to be highly accurate as mentioned above this requires supporting systems such as direct Market access and level two quotes So what does this all mean a really long wind of saying you got to be

Quick on the keys you got to know how to set up shortcuts for the keys you got to have resting uh orders whether to buy or to sell um you got to have your alerts set up so when things come into your levels you’re quick with it um it’s not

One of those ones where you can sit there digest the price action mull it over a little bit and then decide to punch in it’s not a swing trade guys nor is it an all day hold this type of trade you get in you get out and you’re kind

Of like a robber in the night baby right you’re you’re just uh you’re going into that Walmart like we all see in those videos you’re collecting what you want and you’re running out that front door right you see those videos you guys know what I’m talking about um no seriously

Though uh you have to be quick with the keys make sure that the broker that you’re using allows you to have uh hot Keys short execution orders Etc whatever if like even my broker over here I can right click on the chart and put it in

An order super quick right click buy I and then then I take uh the the line that it gives me and I put it at the exact price that I want and then I can trigger it just like that so you got to figure out how to streamline your order

Execution all right number two frequency and costs are a major issue when scalp trading what am I talking about a novice scalper has to make sure to keep costs in mind when making trades scalping involves numerous trades as many as hundreds during a trading session we just finished talking about the ktina

Man taking 00 trades per day frequent buying and selling are bound to be costly in terms of commissions I can tell you right off hand that scalping on ibkr uh if you’re set up on the traditional commiss is probably not very good especially if you’re uh you’re not

Trading Big Boy size cuz you know a a 100 share order on Apple is going to cost me a buck I do that you know a bunch of times and all of a sudden those commissions are racking up right the commissions at day trade the world much

Better we’re talking pennies here um and sometimes you get paid a rebate so the frequency and the costs have to be um you know top of mind when you’re talking about scalping because the commissions and the fees can definitely uh rack up this makes it crucial to choose the

Right online broker the broker should not only provide services like direct Market access that we talked about but also competitive commissions all right third tip trading Styles all right spotting the trend and momentum comes in handy for a scalper who can even enter and exit briefly to repeat a pattern a

Novice needs to understand the market pulse and once the scalper has identified that Trend trading and momentum trading can help achieve profitable trades we talked about momentum trading yesterday what I said was I look for the stock that’s strong on the day or weak on the day and we’re

Going to figure out a way to get in whether long or short on that particular name I personally don’t like chasing the stocks I want it to come into a key support level whether on the one 5 10 20 whatever minute time frame and get a dip

Trade off that that’s my style so you’re going to have to be uh number one aware of the market pulse have a an idea of what momentum uh or Trend trading is and then basically have an idea of how to enter based on that style of trading are

You going to just Chase it uh are you a breakout Trader are you a pullback Trader so you have to identify what methods you want to use within the larger umbrella of scalp trading okay another strategy used by scalpers is a counter Trend trade but beginners should

Avoid using the strategy and stick to trading with the trend and I want to let you guys know that the Obi the one the Kenobi will be on tomorrow and he’s going to be talking about mean reversion trading which is kind of sometimes counter Trend cuz when you know when

Tesla’s down 3% on the day he could be punching long at 213 trying to ride that bad boy up back to 214 so we’re going to be talking a little bit about this counter trend mean reversion trading tomorrow so make sure to stay in on that and then technical analysis you got to

Have a firm understanding about technical analysis you got to understand how to use three specific indicators here that I want uh that I want to harp on for uh scalp trading those are the moving average ribbon entry strategy relative strength and weakness exit strategy and multiple chart scalping

Multiple chart scalping just says you know basically looking at a particular instrument on multiple time frames whether the one the five maybe in the 15 or you have the daily in there somewhere personally what I use is um for small cap gappers it’s going to be one five in

Daily for large caps it’s going to be 515 in Daily okay and last but not least volume as a technique scalping requires frequent entry and exit decisions within a short time frame such a strategy can only be successfully implemented when orders can be filled and this depends on

Liquidity high volume trades offer much needed liquidity Adera especially if you want to get in with several thousand shares and get out of Dodge real quick well yeah I mean I like my perspective on this a little bit different as someone who uses teeny tiny share sizes

I’m still working and that’s one of the things I’m realizing too if I’m going to scalp especially um like when I was scalping uh for example uh Delta last week I actually gotten more shares with that because now what I’ve been kind of doing is especially if I if you’re going

To get kind of more of pennies where some of these um mega caps you can scalp like dollars out you know what I mean so for example this meta trade I took like around probably my average um is share size there we go we’re out of meta um

And I’ll talk about this trade in a second because it was a scalp but thank you but basically um my my strategy uh with these scalps now is kind of like a I do piece them out which I will talk about in a second but but B I like to

Kind of take the amount of shares that I feel comfortable kind of you know using right because but but I I see what you mean in terms of liquidity to go back to liquidity because that was mainly what you brought up here that’s what I learned the hard way when I was trying

To scalp Eli Lily now sometimes scalping Eli Lily can work but when Eli Lily is below A Millie and that’s why I started this you just cannot scalp her it is just not possible she not only puns now she Rhymes baby I do I do a little bit

Everything right uh but thank you but yeah so I mean like I’ll like like I’ll look at I’ll pull up ply here yeah so volume’s like 700,000 so if I was looking at this earlier I would probably scalp like you know um go to the get uh

Short here and then take it out when we see support right I would probably do that if we had more volume but it’s not something I’m going to touch just because we don’t have the volume there do you know what I mean um I will pull

Up meta though a little bit and talk about this scalp because it is scalp day um I got in here at this um because I noticed we kind of had like nice little area of um support here and then we fell viciously to the downside we came back

Up I watched we kept hitting that 365 area we’d go away and then we drift right back and I was like I like this I see it and I like it got in at 36520 um could have had a better point of entry I could have got waed for 365

But I got in I waited um patiently although this was I will have to admit this is pretty hard for me to wait through I got a little bit nervous when we rejected but I saw that coming back to that 365 and I was like okay okay I

Was going to get out if we failed this um 365 uh or yeah 364 kind of 50 Area because that was a nice area of support so I was like if we fail that I’m going to have to say or avoir but uh we didn’t

I ended up taking part of my profit out at that 3657 and this is where the um the tick um not the tick this is where the tape watching and the book watching comes in because what was happening was I was noticing we would get up to this

3657 and then we dance away so I was like I have to take some of my profit out here right so I did that then the main profit taker here was that 366 area that was because uh this double top was really strong and kind of I was like I

Don’t I don’t really know what we’ll do here we actually did end up eclipsing that but I was still like for you know I I say this all the time I will go up to resistance I get a little bit nervous holding above resistance so that that’s

My long- winded way of explaining um my meta scalp here there you go fantastic and I think that that was a that was a good scalp and obviously you know I think meta has got more upside that’s just my opin Meta Meta looks awfully strong um on the day guys the Futures

Are is pumping right now I yelled to Neil and Shan earlier in the day 167 held that is now a distant dream because we’re talking about a 168 clearance here we got up to 168 and a quter I’m very interested in a possible Futures trade

Here but as per usual I don’t want to chase the Futures so I’ve got a dip trade set up on this bad boy at the top of this bull flag over here Chile nightmare if we can look at the the the chart um I’m going to put in a bit of a

Dip trade here now it may or may not get filled we did a bit of a wick dance at 168 and I think we’ve cleared it I don’t want to say we’ve cleared it successfully cuz well that would you know mean that I can see the future but

I I I have a sneaking suspicion we hold 168 so uh if that’s the case I want to get in on a bit of a dip to bet get a better cost basis rather than punching in at the High 16 uh at basically at the current High 16

820s right so let’s see what we get here the fut still down um was just down 1% now 085 so you know to some degree this is still a counter Trend trade but we’ve been pumping up here since that 167 break that we uh made at around 10:00 we

The market seems to have bottomed around 10 a.m and uh since that time has been making higher highs and higher lows so this trade may go without me because I’m unwilling to chase it at this level but I’ve put my dip on the fut 468 hold here

On the mnq Let’s see we get uh there but looking at the big Tech names cuz we haven’t looked at Big Tech yet let’s bring in the trusty charts from the side and chat a little bit about this okay so right off the bat you can see which is

The weakest of the bunch it goes by the name of TSLA it is down and to the right is making lower highs and lower lows and that Trend hasn’t broken Okay so yesterday we closed out at that 220 area and I got a message from Alfred saying

He was excited this that and the other you know was coming into his level I think he’ll be a lot more excited today and I probably will message him when the Neil comes on what is it called the real deal with Neil uh I I think we’re call

The real deal with Neil baby at 12:00 make sure to check that out so I’m going to see what Mr Zang Alfred Zang is saying uh uh there with respect these new Tesla levels but yeah Tesla the weakest of the bunch and um a not a distant second but

Second in place is AAPL so I was listening to some commentary from cnbs yesterday and they said look I think we lost two of the mag seven components it’s apple and Tesla it’s the mag five now according to one of the analysts there yeah remember and I was talking

About the mag 10 possibly coming into next year remember we were talking about Uber maybe joining party Netflix coming back into that Fang group but uh AAPL awfully weak today a bit of a flat top here Brewing on Apple at that 182 a lot of selling coming in at 182 on Apple

We’ll have to wait and see whether or not it can get going but we had a bit of a double bottom yesterday in Apple’s price action not far away from that 182 area guys look at this double bottom over here it’s a smidge above 182 it’s

At 182 and a qu so previous day support now possibly acting as today’s level of resistance it’s not an exact uh level but it’s awfully close talking about that 1822 and a quarter on Apple now the strongest of the bunch guys is going to have to go obviously to our friend meta

Now we see softy over here it’s uh it’s up or down the same percentage as meta they’re both 0. 29 but I got to tell you meta is a looking a little bit better in terms of getting into previous day’s close previous day’s close on met

36750 we are at 36640 so we’re a dollar away um from the uh yesterday the previous day’s close on Microsoft though uh yeah we’re about a dollar we’re about a dollar and a quarter way so very similar charts here between meta and softi maybe Amazon getting in on that

Mix as well but uh I’m going if you’re looking long I think think these two for the moment are uh the ones you may want to look at at d yeah no I think definitely lots of interesting looks in the Meg 7 I’ve just been sitting here um

Charting Tesla because I kind of like this wedgie thing we’ve got going on here we have the lower highs we have um I don’t want us really they’re not really higher lows they’re not really a flat bottom but I would say maybe if I move you know I’ve been playing around

With trying to chart um more like a human and we have been um there we go uh we have sort of like a flat bottom here yeah okay it’s yeah it’s it’s it’s flatten either way I think there is some kind of compression and I I would uh think that

The chart uh the chart pass would tell us we could potentially uh head to the downside of this right if we can press because usually I think from from what I remember of our conversations with these patterns usually uh they’ll resolve in the direction that it’s already moving

So this would this is not a reversal it’s a continuation so if this does compress I would say Tesla swoops down so I am watching for a break of this 213 area I put it in a very long- winded way but I am looking for a 213 break uh the

Other the only thing though is because of my style I’d probably get in slightly before the break then short it just below 213 because I I know what I like I don’t want to stay in the Cyber truck too long you know what I mean not they

Let me get in it as we learned uh they won’t even let you look inside as we learned what AAS it’s it’s a very perplexing uh situation but yeah so anyways that Tesla is my main look right now I also do have to address because you know we’re

Talking about scalping um not all scalps are made equally and my attempt to short out shorts capap apple apple earlier today just was not it so I want to talk about it um oh my gosh what am I this is not the right DW pumping dwac new high

Day oh no go ahead I just want to let everybody know dwac new high day go dwac yeah I saw that I was like this it does not want to quit like that and funware fun wear is having another day of fun more fun in the sun for funwear but yeah

So I mean this my my logic with this apple short what I liked is we had this Consolidated of top right I was like I I was going to probably take it short I think I was going to part of it already here this 181 and then the rest was to

See if we could get to this 18038 so basically you know like previous levels that were of Interest right and I liked it too because I said okay we have this support earlier we came back to this level every time we got to this level we

Fell to the downside right didn’t end up working out we the I the second we broke above that that nice Consolidated top I said goodbye so we didn’t overstay our welcome here but I do you know I want to talk about it because we’re going to

Talk about all the trades the good and the Bad and the Ugly and this is just a situation where it it was executed the execution was like I got out where I needed to get out is is what I’m trying to say here but yeah cuz I mean you

Always have to go in with a plan and that’s why that’s one of the things I think that is daunting about scalping but also what I like about scalping is cuz you like especially when I’m scalping these these mag seven names right they do move really quickly so if

I don’t have a plan of exit then it gets kind of dicey but that’s also why I like knowing exactly where I want to get in and where I want to get out especially if I’m scalping these ranges like with meta so that if it all of a sudden just

Flies to the upside I’m not like oh my gosh where am I taking profit you know what I mean cuz I know um there’s someone in the chat also shout out to you I’m so sorry I don’t I remember who what your name was but saying that 367

Actually looks like resistance on meta I would agree I think longer term it’s definitely 367 we’re coming into that now I just like the 366 level for myself just cuz like I said I like to kind of get these like clear kind of scalp areas like Sharie was saying I get a you

Dollar get a couple cents and then leave right but yeah so I mean that that’s what I’m trying to say is like I think the the planning aspect of scalping is part of what’s appealing to me because I I’m not ever you know my impatient side

Is a shed to my impatient side isn’t getting rattled because I kind of know like hey you have a plan as long as we don’t break below this area as long as I don’t get into my stop loss you can just kind of wait out for the plan to to take

Place so I guess that’s my take on that I I hear you and then clutch asking what are your thoughts on dwac with having zero Revenue still and look you’re you’re absolutely not wrong on that but you’re thinking of this particular trade as a fundamental investor you’re

Thinking like a normal uh person who wants to take their hard-earned money uh throw it into a stock and hope to you know reap some benefits because of sound fundamentals but that that that’s not what we’re doing here we’re basing it entirely on technicals so the the company can have absolutely zero Revenue

Uh be uh upside down in terms of management plan everything and continue to run up because well the technicals are pushing it up right now obviously becomes a a risky situation because if you have nothing to fall back on you know it’s just a matter of time till the

Price comes crashing down and anybody who participated in the meme craze of 2021 knows exactly what I’m talking about look where GameStop and um and AMC and you know cost Blackberry whatever uh were what they all ended up being so a bit of a tough look there but what I say

To you is you know you’re in it for an intraday trade based it off technicals where you see support and resistance that and the other whatever your tools are uh for that and don’t worry too much about the the long-term picture for an intraday trade right I mean it not

Irrelevant obviously if there’s a catalyst today that’s helping Propel something up that’s more of a fundamental part as well but all you really need to know as a technical Trader is that there is a catalyst and that’s justifying the reason to move up and then you look more at the price

Action rather than the fundamentalism the long-term picture all right guys I’m involved in the fut here um I’m taking a very small entry at this particular area cuz I was worried it was going to pump up without me I’ve left my dip trade at the top end of this consolidation range

Intact should it make it down there and get a better cost basis I’ve already put a beak wet as well through the break of that 30 point level I’m talking about 16830 so we’ll see how the future resolves it is a bit of a counter Trend

Trade because we are down almost 1% on the NQ but we are pumping up here uh ahead of vwap and above 168 so we’ll have to wait and see how that all pans out a bit of a riskier trade and not really down my wheelhouse because I

Typically go with the trend here is dwac it’s doing a sideways consolidation you could say with a bit of a dollar range of there 26 to the bottom 27 to the top even though it’s broken through 27 the majority of the closing prints are around that $27 area so kind of a nice

Bull flight well say whatever you want kind of a sideways consolidation after this big move up here at 10:30 um and I do like how resistance uh flipped to support so we clearly had a Crest over here at 26 and 3/4 which was obviously a resistance level low and

Behold that level now acting as the level of support So any dips in and around there half paid for you and you could probably have made a buck and a half given that if you got filled around 26 or a little bit lower yeah you spiked up into that 27 and 3/4 albeit

Momentarily on dwac here so a nice side sideways consolidation on dwac here we go above 27 and again coming into 27 and A4 the spread is a little wide though guys on dwx so be careful it’s 12 pennies now it’s been wider at other times um now the spread is really

Important for scalp trading we just finished talking about this The Wider the spread the harder it’s going to be to scalp because you’re not going to be able to get out that quickly because the bid is typically a little bit distant from the ask so so um scalp Traders

Beware dwac is tougher to scalp not impossible to scalp but tougher to scalp just because of the spread so make sure you are sizing in accordingly here so you don’t get bamboozled um and end up taking a couple of uh a couple L’s there um B Davis you’re my guy uh my

Girl Adera AKA Nicki Minaj in the house what’s up peep what B Davis you you don’t look like Nicki Minaj I mean I guess cuz I don’t know I I spit bars I don’t know I’s laughing ah you spit bars I I occasionally R and you rhyme and you

Rhyme and you rip I occasionally rhyme and you have no idea where that’s from D I do not know it’s from Chappelle Show okay sorry I like again I know Chappelle I don’t know the his reference yeah I know the show is like super old you hey

The ca man knows what I’m talking about dialon dialon dialon heard that cuz he spits hot fire right yeah there we go Mr mememe knows exactly what I’m talking about I love it I love it all right guys we just took a couple of

Beak wets on the fut as we got to pump up through that 30 level we’re still not anywhere near in the clear as the fut stair stepping up above 168 but by no means in the clear here it’s above vwap we’re still very negative on the day I’m

Talking about um 80 basis points negative uh on the future that means 8 anyway uh we’ll have to see how that does the other one I’m eyeing here Adera is dwac it just got an almost 28 touch there looks like it’s uh pumped up into 27 double8 and now it’s back into the

Low 27 area again so a lot of volatility on dwac but the upward move continues yeah I mean dwac has been a beast like I remember sitting there it was like we were dancing with 4% to the upside when I was sitting at the big desk and now

Dwok was like oh you thought that was cool uh will get me a 21% to the upside so very much does not want to be stopped um I’m not really sure what Tesla wants to do at 213 I was going to say Tesla doesn’t want to be stopped at 213 but I

Don’t really think it it knows what it wants to be when it grows up yet I was trying to short this when we first broke 213 I was trying to get it in at that 21315 we did not get there um so unfortunately did not get part of that

Movement I was going to take it to like 21250 because I I kind of liked that area like we have these uh failed Wicks to the downside I like that look looks like we’re trying to pick back up again but if we can’t make another higher high

I’m going to take this to right below 213 again I’m just going to kind of go in and out we’re going to make some scalps in the wild today it is scalp day and I find it to be a nice Prime day for scalp the best scalp so that people see

What yeah that’s what I’m trying to I’m just trying to find um trades to get into right I want don’t want to force myself into a trade here but I have to say I do like this this Tesla short scalp if we don’t make a higher high

Here cuz it looks like we could but also Tesla’s down like 3% in the day I’m still not going to say it’s long so yeah so we we shall see what occurs here also the other the other scalp I have which is maybe a bit counterintuitive is meta

Kind of couldn’t make that 367 so we might s this baby back down I’m going to have to wait and see here um I yeah I don’t like you know I I’ll trade in whatever Direction the Stock’s moving right so although I I have been a little

Short biased as of late which I know Shar has has mentioned as well and caught on to once I discovered shorting I really enjoyed shorting but it’s like now it’s more of like a balance right like if I see the moment I’ll get in involved but yeah I’m tempted to short

Meta from this uh 36630 cuz that seems to be a pretty solid level and I would take it down to but where I initially entered that long where we had that consolidation earlier that 365 and A4 365 and A3 type area there so that would

I I would be of um I would be of that would be of interest to me that would have been the right word there also Microsoft looking nice for a range yeah okay M Microsoft 2o though kind of coming into um this oh yeah we’re kind of actually already there

This is the area in premarket that we were kind of dancing around that we fell from uh pretty pretty intensely so I’m going to be cautious of this but you know we have Sam Alman talking we have open AI talking um Sam Alman also talking for the first time ever

Yesterday at that Davos event about the world economic Forum uh well yeah I was going to I was going to say about the um he finally opened up about the whole getting fired thing o yeah he didn’t say that much about it cuz he was like I

Don’t know why you guys are asking me this like we’re here to talk about AI but he what he did say was that he was like really thrown off it was a surprise um he didn’t really know where it was going to go from there it was kind of

What we would expect it to be you can find it I think on CN but I read it last night and I was like cuz I followed I I like got way into this whole thing like I was all the m board members under the buts he hand it very professionally but

I did think it was cool that he like opened up and was like I was shocked I don’t it’s not something I’ve talked about for a reason I don’t really want to talk about it but also hear my thoughts so that that if you were interested in that drama I think that’s

Worth saying he also I think did refer to it as drama which I appreciated yeah um like he’s like why are we talking about this drama but no I mean Microsoft breaking even here I I I’d be tempted to get involved in this one more thing I

Want to say too that I appreciated that was in our little notes here and that you mentioned is that like there are different styles you can use for scalping right so some people can like get in and just take a small profit off of a break to the upside what I like

Doing is I like doing scalping in the ranges so we’ll get involved at the low of the range get out at the high if I’m doing a long or vice versa I find breakout scalps a little bit harder unless there’s a clear area of resistance cuz I don’t really know where

They’re going to go for there right but I just wanted to touch on that cuz I appreciate that’s why I called scalation I think that’s usually when I’m being a bit rangier but yeah everyone can have their own strategy and then just add some scalping into it just put a dash a

Spoonful of scalp makes the medicine go down there go I’m good with that I’m good with spoonfuls um guys softy and meta are are are awfully strong right now and I’m going to go ahead and suggest to you that they are the ones leading this market up I don’t know what meta’s

Waiting is on the nasda I haven’t looked I know softy is probably probably not number one yet it’s bigger than Apple but I don’t think there’s been reweighting but softy’s a monster right now it’s knocking the door of 390 again and it’s single-handedly bringing I don’t want to say single-handedly but

It’s bringing it’s pumping up this Market I’ve already made two fat finger Mistakes by adding to my Futures position rather than removing hence the exits here but we are pumping up here on the fut guys uh we’re in the mid-30s now we were chatting when we were in the

Teens so we’re about 20 points or so clear of that level on the fut I I’d say you know keep your eye out on that 50p point level 16850 it’s not you I don’t want to say it’s not important of a level but let’s bring in uh the chart

Over here it is kind of the crest for this little pump up right here where we weren’t able to break through so I’m going to be looking for a break of this Crest to kind of continue the trend forward guys but uh good look right now

For now on the fut but the fat finger mistakes have kind of really ruined my cost BAS is I had a cost basis of 22 no I have cost basis of 27 so it’s not a good look for me there because I’ve been adding rather than removing so um yeah

We’ll see uh we’ll see uh what that get Nick dub says T Disney is tanking let’s have a oh wow dwac almost at 28 okay let’s have a look at Disney for Nick real quick here do I have dwac on two screens yeah I do okay it’s that

Important you need to see place you can’t escape it you can stay on the screen guys um yeah Disney tank there below 91 now so in the 9s goes di I haven’t been uh I hadn’t look at it all day obviously I did see the headline from uh earlier today that Disney was

Putting the kibos on Nelson pelts attempt at a board seat board seats cuz last time I heard he woned three so I don’t know if that is this is this the market reaction to the pelts thing or is there a different reason for this I think that’s the the main thing I heard

Was the pelts thing I’m just pulled up here on my benzinga um oh also um yeah I know no benzing what benzinga had was not what it was it was just like oh people on Apple Vision Pro can stream Disney plus which I highly doubt is what

Disney tanking so yeah I’m not I’m not seeing anything um there oh yeah I think it’s just ball Iger rejecting activist uh shareholders board picks that’s what I that’s the main thing I’m seeing yeah that makes sense yeah so Disney is uh on its way down here and it did break that

Critical level of 91 so we did have a bit of support at that 91 let’s say and uh 9105 earlier around was that 91 yeah 9105 uh but now we’ve broken 90 uh so that support level no longer uh no longer valid at this particular moment

So we’ll have to wait and see whether we get a bounce back up it’s just a perfunctory break of 91 uh let’s bring in the side chart here to have a look at di on uh the longer term time frame so I have save up here let’s load up Disney and

Let’s go to the 30 minute all right so yeah we’ve been no it’s not really that important of a level I mean we were here a couple of days ago January 10th 11th and 12th we were all sub 90 so quite frankly the bottom is at that 89 the support level

Is at 89 it’s not where I thought it would be at 90 initially it was at 90 when you have here price action on the 3D fourth and fifth all of which based out at 90 bucks um but then we broke that here on the on the ninth

When when we got into around 85 and a half so I’m going to say 89 we’ll see what we get when uh we get to 90 if we get to 90 but I’m not a big fan of these recycled levels obviously Disney was awfully strong yesterday um giving back

A great deal of that move here so we’ll see whether or not this keeps retracing we might want to use some fibs here which would be interesting if we use some Fibonacci to see where we are in uh the retracement on this so where’s the opening print here it’s at 8:30 9:30

Where is the 930 print there it is okay so what do we get so we’re almost 75% of the way back here sorry it’s not 75 what am I saying um 60 yeah no 76% of the way back of uh the entire move yesterday on Disney so we’ll have to wait and see

What we get there but yeah Disney looking awfully weak at the moment Dan Emmons is back in the chat my man big Dan where you been my man Dan um hey oh Neil says you were here yesterday I didn’t notice okay I didn’t yeah I I

Didn’t notice shout out to Neil um Dow fied Gap so the Dow has filled the Gap the Dow is down um only 0.1% so the Dow outperforming the es the enq and the Russell the Russell getting the worst of the four it’s down 82 followed by the

NASDAQ which is now down 77 so uh shout out to Dan the Man Emmons I haven’t seen that dude in a minute uh glad that you’re back Dan look at this Futures trade here as we pump into the 40s my friend I’m looking for a 50 move right

So that’s where we’re going to you know be looking to take out the majority of the position in front of 50 uh but nice move here on the fut as we uh continue to head higher now my cost base is completely warped uh because now I have a cost basis of 30

Because of my fat finger mistakes here ader but we are moving up nicely on the future today well I hope I I hope that we do move higher because that’s a great trade but also a little bit selfishly I hope we move higher because I am in a

Little Microsoft long here as well um so I want to explain my logic here though I’m getting a little bit nervous I’m pretty sure where I entered is kind of becoming a bit of a point of resistance um I got in here because I wanted to we

We were kind of seeing at one point seeing nice support here around this 389 um 95 I was going to take it to about uh that 39 39050 for half of it 391 for the second half we do keep recovering though as we get to this

38950 um so you know that does give me a little bit of of hope uh not hope hope is a bad word not hope him but like it it’s still within my range is what I’m trying to say right I’m getting out if we have this decisive break below that

389 um 20 25 area cuz that would be a lower low and then it will be time to go but for now Microsoft is doing just fine um here I’m just going to kind of again like I’m trying to work on being more patient so as long as the the move isn’t

Wrong as long as we don’t have like a conclusive proof that it’s gone against me um you know what I mean then then I think it or like as SRI puts it like as long as the trade stays valid which I think has been a really good way for me

Looking at things as well when I scalp right because I’m like I know as long as X and Y parameters that I’ve set are still in play um then there’s still some hope in this trade or not hope but like yeah hamson St are saying hopium is a

Way to lose yeah hope is not the right word I’m just trying to say like because it’s still within my parameters do you know what I mean so there’s still a possibility that would be a better way of putting it I did word it poorly um because the logic is still here right

Like I’m not staying when it’s falling gay spe we’re about like 15 payer cents out of the money so here we go here I’m just going to let this run a little bit um Chucky I love that name saying don’t sleep on dkng I always want to call it

Donkey Kong I’m not going to lie uh let’s look at Draft Kings oh dwac yeah yeah yeah I love I love how you just exposed me like that as soon as I get into dwac and D just exposes me I’m so sorry it’s okay what you saying sorry for well I’ve like

Ruined like the surprise element I’m kidding I’m just uh I just saw it on the screen I’m nervous about it that’s why oh okay yes exactly we want to see if we can actually keep making these higher lows ofera that yeah maybe take something in front of 28 or so in and

Around that area so uh keeping my eye on that but the fut now coming back down I will get I only have one more out on the future anyway so um as a result of the fat finger so if this one comes in to that 168 we’re going to cut it um so

We’ll have to wait and see what we get on that it’s the uh it’s the dwac trade that I’m probably most concerned about at the moment because it’s just so volatile and unpredictable but up 21% putting in higher lows I’m going to probably have resting profit takers on

This one into the high uh into the high 50s and 60s probably layer that into the 70s so that if it does Spike up there ever so briefly I am able to wet my beak on some profits there so let’s go ahead and sit at

49s uh we’ll see if we can get a fill in and around there but fun has kind of turned the other way so dwok continues I guess I don’t want to say continues making uh higher highs and higher lows but fun the other way Adera yeah I heard

The fun has stopped um we have finally you know no more fun to be had in fun let me look at fun wear um and stop making puns about it of course oh my God we’re down yeah this is just be looking traumatized by this chart we’re down

Like 60% we they were trying to make a nice recovery here at this nice swoop up on um some good volume here I love looking at this volume chart cuz look at this nice volume move to the upside higher low um then we had kind of a flat

Top um and then from there lower high lower low lower high Shoop to the downside um yeah Shoop there it is we didn’t get quite as low as this nice area consolidation here around the 16 and 1 half cent area so we have made I guess longer term a higher low but we’re

Still down 60% on the day I would say of the two dwok is inevitably stronger I don’t even I don’t even have to like say that it’s just very evident would I like to about dwok cuz there’s kind of a rounded bottom it looks like a bit of a

Frowny face or Roundy face sorry not a frowny face so that could be um a bit of a move to the upside there as well also um Microsoft oh thank you uh short smellers saying um you’re so funny p h u n n y I appreciate that

Um I mean I’m just you know I’m just just huming myself just making these uh strange little puns here also Microsoft is dying so I may need a moment to um say R to this trade okay thank you out of the last H bit there on the fut as it

Comes back into 168 keep your eye though on that 168 level see if it acts as a level of support uh it was a big flush down off 16840 or and change all the way back down look how aggressively the move um makes makes its way back down versus how

Long it took us to ascend to that level so here we are 168 now in view uh let’s see if we get a bounce off this level you me you might be getting what you want here if you’re uh if you’re you know if you’re a dip Trader off key

Levels here on the fut so 168 we’ll have to keep an eye on that already one out here on dwac as it broke through the half dooll level now I’m sitting at 34s on dwac we got that 27 dip and the reason we did we got the 27

Dip is because of the higher lows that it’s been putting in but um this one the ultimate out obviously will have to be the break of 26 there really can be no question about that because well that was the base that we talked about right this was the initial Crest over here at

26 wasn’t able to break through it broke through it on this attempt over here and now using 26 as a foundation as a level of support so if anything below that then the trade is no longer valid and we’ll have to get out of Dodge here

Comes into 27 let’s see if we can get that bounce back up already dr- risk nicely here because of the the madness uh that presents itself which is dwx so we’ll see if we can get that 27 and 3/4 fill but now coming back down to 2713 so

Only like three pennies in the money on this one we’ll have to see if this one holds sad mmon says careful with dwac getting sprad oh is it ever my friend that’s what I was saying right from the get-go that this one would be a tough one to scalp simply because of the

Spread is 40 was just 40 pennies now it’s 24 pennies um at times the volume is there though that’s the funny thing about dwac the volume is there guys 8.6 million shares it’s not the most amount of volume but it’s not uh negligible either but the fact of the matter is

It’s still acting as a pretty stock um Hampton’s Trader says I’m short the market I’m short at I’m short AMD 159 but still readed on the name today and short the NQ at 6833 sounds good I think you SC sced a nice little move there definitely on the

NQ as it came back down to 168 but I just want you to be careful with this 168 level because if 168 holds here we could get a nice move back up now whatever it looks like you already printed on that so we’re going to shout

Out to you but just keep your eye on that critical level on 168 so looks like we moved up again on dwac into the 27 uh 70s but we didn’t cross uh the 74s that I’m sitting at here on dwac uh so didn’t get the the print now

Back up into the 60s on dwac let’s see if we can make a 28 touch here and get that fill so we can drisk a little bit and uh rest a little easier before we restart the lesson uh but I think Neil’s coming on at 12 so we’ll probably

Restart yeah I can’t believe it’s almost 12 already yeah um we’ll probably restart the lesson after Neil is done his but yeah just keep your eye on 168 if you are interested in the Futures trade or any uh Meg seven names as they’re often influenced a lot by the

Futures and then I’ll keep my eyes here on dwac as I’m waiting for that resting profit taker to um to fill magic mik according to my algo NQ crossed under the 200 EMA on multiple time frames I’m looking for shorts baby shout out to you Magic Mike I mean you’re definitely

Going with the trend here the NQ is down 0.93% so as long as you uh feel good about this trade kill it and if you’re uh if you’re you know I don’t know what the win rate is on your algo but uh let me know I mean

Know I’m trying to get an algo trade on Trader on by the way guys we have an algo room back there and I can’t tell you how many times I’ve gone to the main guy in the algo room and tried to uh bamboozle him onto the show and he’s

Like look I really want to do it it’s just time is is really tough and then he’s got a couple of guys he’s training back there so trying to get the uh the algo Trader on kind of give us an idea of you know how to use apis cuz let’s

Talk let’s talk about P pro8 here I mean you you hear Shan talking and Shan and Neil talking about uh what’s it called real trading real trading which is going to be you know it’s going to be a big thing we’re not going to get into it

Right now but it’s going to be big it’s going to be what day trade the world is right it’s going to be called real trading and you’re going to be using pro8 and P pro8 has one of the best API interfaces to incorporate your own alos

Your own software uh through it I know ibkr does as well through Trader workstation but it’s not nearly as robust as uh as P pro8 so if you’re interested in alos or you’re already on that uh just know that P pro8 has a hell of an API set there was a computer

Programmer who used to be on uh the trading floor and he made this entire uh interface for for himself where he could buy sell different uh amounts and different he had different shortcuts um all using the API but an entirely different layout than the ones

That we have so he made it work and he made it work real well so shout out to cash if you’re watching cash I know that I talk to him from time to time shout out to cash it’s a great name if you’re a Trader cash his name is cash if but

Like I mean it’s probably if you’re AO trading floor and your name is cash I mean got you got to you got to take that opportunity absolutely absolutely uh enog can we make a trend line on the enq and discuss if the long trend is broken

Thanks well let’s have a look um now here’s the trick though because we’re talking about the Futures Contract uh there are in you know expiry dates and in and you know basically dates when the the fut starts trending so what I’m going to do is I’m going to look at the

Actual ndx index itself so we’re not going to look at the Futures we’re going to look at the ndx and here is the daily chart on the NASDAQ index and look we haven’t put in a higher a lower low right we wouldn’t we were able to break

Through 177,000 here on the ndx guys I’m not talking about the Futures Contract talking about ndx in fact I’m just going to put it on so everybody knows let me remove all these horizontal trend lines there this is the trend line you’re probably talking talking about

Here on irog and we haven’t broken it the trend line right now is at 15,000 right but if you’re looking for possible level of support prior to that you’re going to have to say 16 right cuz you had a touch here at 16 you had a consolidation area here at 16 and the

Dip over here was well above 16 it was at 16250 so I don’t think we’ve broken the trend on uh the Futures uptrend yet or the the NASDAQ uptrend I think we’d have to break down below 16 to really start talking about a a dip right uh a

Break of the trend so we’ll have to wait and see how that all points out all that works out um where are we here on dck did we get the fill no we didn’t we’re still holding above 27 it might be a little dangerous here there yeah I mean

Meta Meta is very spread speaking of danger and things that make you say um but yeah I mean I got involved on this long we only got part filled that’s what I mean like the spread you’re talking about this meta especially for whatever reason of these mag seven names tends to

Be a bit of a a tricky fellow when it comes to spreads getting involved in the trade so yeah if we kind of break out of this I like this um you know we have a lower a higher low here I think um I just want to take this to previous

Resistance like the most recent resistance this like 36660 36650 area then I’m going to say sayara to meta um you know we’re just TR taking these scalps taking these meta moves for hopefully um you know Mega paper money because I am still in the same here um

But yes that that’s just kind of the look I liked this look I I looked in on this liked it we we’re sitting I I wish I could have gotten a bit of a lower F I feel like I got involved a little too high here at this 36590 I think this um

36575 probably may be a better look but yeah we we’ll see where this goes I think we’re holding the support pretty well for now uh if we follow to this range if we make a lower low cyanara uh what else is happening Microsoft actually kind of testing that area that

I got involved in again I I don’t like my point of entry here I’m going to be really honest like my logic was I was going to take it to this um sorry I got interrupt dwx flying guys uh here we go through 28 uh into almost 28 and a third

Of Dara sorry to interrupt you but a lot of people talking about dwac there in the chat let’s see if this holds 28 dwac breaking making new highs uh congratulations um I think that’s a yeah that’s a really nice look there in dwok yeah m Microsoft knocking on the door

Once again of that 389 95 which is where I entered the short or the long the first time if we fail this again I might take it short just for like that 40 cents cuz as we said like scalping it’s about these small moves it’s about noticing patterns and it’s about the

Small moves and trying to make the most of them also hi meta I’m so happy um meta decided that she wanted to make my day so look at that um I like I mean I I like I said I didn’t get bottom wick on

This so I I got like mid Wick so so not like the worst point of entry but I wish I could have gotten a little bit lower um I’m going to kind of let her do her thing 21 and then like I said that 3655 is looking mighty fine I think for point

Of exit on meta yeah there Lots moving around today I think it’s a good day for us to to be scalping cuz I usually like when there’s a little bit of range I find it harder to scalp on days that are super trendy cuz like I said I like

Having clear points of resistance or support or I get a little bit um unsure of where to put my entries and exits right so I think this is a a good day for scalping and I mean like that dwok trade is beautiful it’s what a monster

Dwok is man I look uh you could have whatever you know uh reservations about this stock from a fundamental perspective and you would be totally justified in thinking that I don’t know what their balance sheet is on Truth social whether they’re actually making money I don’t even get the point of the

Company anymore let’s just be quite Frank about it because it was supposed to be Donald Trump’s uh Outlet so that he could use social media again cuz of all the banss that he got and now he’s been unbanned or debann whatever uh he’s been allowed back on most of these

Platforms and he’s been using them I mean initially when he got uh unbanned he he wasn’t using them now he’s been using them look at dwac go there goes through 2850 as well so we got that fil we only have two more Els here on dwac

But dwac pumping up guys there is some size here at the half dooll level and there it goes it gets eaten up dwac flying through 28 and a half uh if anybody wants ktina man what what what date was that dwac trade that you had do

You have any idea oh that was amazing yeah cuz I think the ca man had a $100 winner or something like that on dwx so if you think dwx moving now you need to only look back into what was it 2021 I think it was 2021 yeah it was 2021 uh

Maybe we’ll have that video for you guys a little bit later or something but dwac absolutely pumping here new high day Adera uh on D wac and that is $28.70 it’s back into 2830 28 and a qu now as the volatility uh hasn’t subsided it’s up 27 points on the day let’s see

What we get here Robert says yes he’s on X Twitter he’s also on Instagram he posts hand over fist on Instagram he’s always posting uh stuff on Instagram so I mean I don’t really get the whole dwac thing but I don’t need to get it because

I’m not important and it’s not made for me so we’ll have to wait and see what uh what D get Mr mem says fun you going to follow you talking a stock Mr memes what’s going yeah I mean we we all talk you know I was just saying to I know I’m

So sorry yeah I’m getting you involved in it’s all good it’s good times times yeah um Chelsea Ashley um yeah it’s all good um you know Chelsea you never know dwac may come back into a level that you might like but uh we’ll talk about dwac

And fun and all these other stocks that we’ve been talking to a little bit later on as Neil the real deal is now ready at his desk here we go let’s talk a little bit about scalping you know you love to do it if you’re an active Trader and you

Know it’s a profitable strategy for many out there but I want to talk about one specific aspect of this where it’s all about being oh gets get back on me ader you know what’s up I know you like scalp trading too as you’re looking at some funwear probably or maybe some dwac

Today but it is all about being flexible mentally flexible and taking multiple trades that’s the nature of the game but we’re going to get into one very specific thing that I think can take your scalping uh to another level if that happens to be your style so let’s

Get out of the way you guys know scalp trading is about taking those small reactive wins very very quick in and outs as opposed to holding something all day long it all starts with a premise though and sometimes a premise is as simple as a Kila breaks and then you get

Into the trade I’m going to start with something like a rivine here just to outline when you get a quick move and you just want to grab some profit so we’ll come to the Chart an idea of a scalp trading is $17 was a level it’s a

Nice flat bottom it makes a double bottom from yesterday it breaks down then you’re trading off of this level you like it short cuz it broke down keep it really simple when you’re trying to scalp trade so it goes into 17 flush bounce take one trade another failure at

17 short it again sometimes you’re risking 5 cents to to make 1015 other times you’re risking 10 cents to make 1520 the initial move bigger the moves after a little bit smaller and a little bit tighter willing to have a tight stop so shorted it the third time and what

Ended up being the last time as I’m sitting on the offer without a Phil uh what ended up being the last time was only an 8 cent win to risk four so it’s all about those quick reactions and ins and outs we all know that you’ve got to

Make the fast decisions to take profit cuz you’re scalping something because you think it can give you multiple entry points and multiple trades it could be on a key level could be on a trend but the biggest thing I think about scalping is if you’ve got an idea and a stock

That is in play you’ve got to be super super nimble like funware did over a billion shares yesterday as of as of today uh to $360 million at lunchtime now you can have all the ideas in the world but sometimes you’ve got to be a little bit reactive for a SC trade

Opportunity I did not anticipate how quickly funware would move to the upside but once it did this turn right in here off of aftermarket there’s your offering announced it made a bounce it couldn’t take out 22 and a half once I see it turn there I’m just thinking short I’m

Thinking short and I’m looking for an entry point you might say well how did you know it was going to turn right at this point you got to read the tape you got to look at the level to once you have a direction in mind you I might not

Get to short it off the 22 level but here I found a big seller in my direction to trade off of you’re always looking at the level two in the time in sales if if you’re a scalp trading because you’ve got to be able to see okay it’s in a downward Trend I’m

Looking for entry point looks like it topped out there but unless I saw the big refresher at 20 cents no chance you’re taking that trade and risking it that far not going to risk 10% on that trade that’s too much but if I can short

It here 198 199 to 20 and a quter like that is a small small risk and then you get a 10% pullback and you make sure you take profits look at the profit out is it rounds out so hang on to a small bit for the bigger winner but that is the

Thing about scalp trading you cannot just look at the chart say there’s your Wick top I’m going to get in there you’ve got to find yourself some other entry points uh so reading that tape reading the level two we’ve already talked about Refreshers icebergs those become key because if you’re in the

Right direction and the big order jumps in your favor you’ve got to be looking at it thinking that direction and ready to execute you’ve got a few seconds when you notice that seller at 20 to be able to get the short in and then take it if

Those once those seconds are gone you already get the flush it’s too late so you’ve got to have your hands on the keys in the ready position almost like a gamer um at the end of the day speed does matter when you’re taking that kind

Of a trade I mean speed matters for a lot of trading but when you’re scalp Trad trading it’s even more important and the other thing and it’s not that I want to it’s not that I’m going to sit here and say hey that’s a winning trade you also have to be understanding that

Sometimes you’re going to get that Miss because the same thing almost a similar thing happened when this got to 24 so I’ll show you what can go in the other direction you got to be willing to take your hit when it’s there I was waiting

For a big key level at 24 I was favoring the cell because of the news being negative I got in and out of that top I had a scalp trade right into like the previous high was trying to hold on to a piece for the

Bigger flush it ran the high I took my out because I don’t want it squeezing on me I’m not there to risk 5 10% on that trade because it’s a scalp trade and sometimes you are not fast enough to get back in but that is something you have

To Aspire to do I was looking to reenter that trade was not fast enough to get back into the trade but you’ve got to be looking you got to be trying you might take two three four five six swings at the same level if the stock is trending

And I can tell you from yesterday in funware there was a long off here there was a long in there there was a long and a long missed the tops but when it was trending to the upside you had to be taking multiple entry points like it’s

Doing a billion shares you want to be long there you want to be long there you want to be getting long on each of those consolidation levels CU each one of them offers you offers you a new opportunity now you might take Nvidia at 500 and

Ride it to 520 that’s perfectly fine but when funware was going from 25 cents to 35 cents there’s like four or five separate lawn positions where you can hold a core position and you’ve got to make sure you’re taking advantage that liquidity a lot of it’s going to come

From reading the tape you might see a big buyer when it’s doing that consolidation and that’s all you need risk that half cent go make three or four so that’s what scalp trading is all about you can look at the levels on a chart but you want to make sure you’ve

Got that level to up to give you another reason to jump in fast jump in quick take profit profits aggressively as well you can always hold yourself a core position I’ll tell you the best trade for me on funware wasn’t off the level I wanted it was off size 10% lower and it

Still worked because I saw that orderflow I was looking for a short the second second somebody showed up in my favor you got to be able to jump all over it that’s what scalp training is about quickly jumping on those opportunities so if that’s not for you

If you don’t want to be glued to a level two if you don’t want to have your hands on the keyboard as an active Trader which you know all the Traders here day trade of the world and the seats in behind us that’s what they’re doing a

Lot of the times if that’s not for you then you shouldn’t be scalp trading find something a little bit different got to be in that ready position at all times uh so I hope that helps you guys out there there’s plenty of names that you

Can look at that are going to move every single day that’s the value of scalp trading you’ll find something that’s in play pretty much every single trading day thank you Neil or uh I should say the real deal Holyfield uh uh I appreciate that and I think Neil was

Bang on there you know scalping like as uh we alluded to earlier you got to really be fixated on the screen and on the level two um if that’s not your modus operandi if that’s not what you want to be doing if you want to find a

Key level you put in orders you set in a stop loss you set in a profit Taker and you go maybe this isn’t the the thing for you I saw the ca man just write in the chat there’s one positive scalper on this floor so make sure you know what

You’re getting into when you choose scalping as your method okay it’s not uh as easy as aera makes it look okay well thank you I don’t think I do but thank you very much I will take that um because I that was very nice yeah I mean

The thing is too is we uh you know you’re talking about this as well with the NQ I think one of the things with scalping this you be very quick on the keys and unfortunately um I did I I told you I need to start proofreading my

Trades we had a little bit of a typo out here I end up getting out basically where I got in so it wasn’t much of a loss here for half my position still have the other half of meta um I you know at this point if we have a decisive

Break of 366 will take slightly above that the goal though like I said is that 36630 366 uh50 area but that is neither here nor there um I would love now to um take everybody through um scalping um one more or not one more time but another time one more

Time yeah um so uh that all that all singing aside um yeah scalp time super excited for this like I like said like I I enjoy scalping and I it is a difficult strategy but it’s one I find really fun to cut my teeth with as I get started

Training um so what what is scalping how does it work so basically uh scalpers or scalp Trader will um try to take as many small profits as possible as so it’s the opposite of the whole idea of letting your profits run and I I find just to

Kind of insert my experience here I found the let your profits run strategy kind of stressful because I’m someone who I like having a plan I like having a clear in and an out and if I was just letting my profits run I would just sit

There for way too long and then would turn against me do you know what I mean so I think with scalping I like it because I have to have a plan going in or I just can’t get involved in the trade I think maybe you know not going

To be a strategy for everyone that works for everyone but like sh was saying know your know your um own limitations and know what your personality is and I think with that in mind this works for me um so again with scalping instead of letting your profits run you’re going to

Try to optim um you’re basically just going to uh try to do almost the opposite of that so with letting your profits run you’re trying to optimize positive trading uh results um instead with this you’re yeah basically scalping you’re going to try to uh achieve results by increasing the

Number of win winners um and sacrificing the number of wins um but here with scalp trading uh you’re going to have or sorry that’s yes that’s the opposite with scalp trading what you’re want to do is you’re going to have a lot of um different trades you’re going to be in

And out of Trades like and you know like and what I like to do is I like to have profit takers along the way too right you’re just it’s very like you’re kind of in and out like a ninja you’re like a little trading ninja or like you said

The people at Walmart right I think that’s scalping in a nutshell so regular Traders with longer time frame um can achieve um their positive results by even only getting half or less of their trades but the wins are bigger than the losses but with scalping you’ll have a

Higher ratio of um of winning trades versus losing ones while keeping the profits are roughly equal or slightly bigger than the losses so the main purposes of scalping are lessened exposure limits so you don’t want to be exposed to the market for a really long

Time that’s why I said like I like to be in and out right because you the market doesn’t care about your feelings no if I’m in it too long I don’t know what it’s going to do to me so that’s what I that that’s why I think one of the

Biggest parts of this appealing to me you’re not sitting in there getting exposed to all of the the elements of the market you’re just saying hi and buy uh smaller moves are also easier to obtain right so a bigger imbalance of supply and demand is needed to Warrant

Bigger price changes for example it’s easier to make for a stock to make a 1-cent move than it is to make a $1 move and so that’s why I think with with scalping especially as I said beak wetter shout out to Sharie along the way you’re you’re kind of minimiz or you’re

You’re taking you’re making the most out of every minimal move so I think that’s really important I think that’s part of what scalping that I found really appealing and that I’ve just been trying to really hone and and hopefully get better at as I as I go and as I learn to

Trade uh which is almost the name of our show how to trade here uh smaller moves also are more frequent than larger ones so even during relatively quiet markets there are usually small movements a scalper can exploit and that’s when I we get to what I call scalation my range

Scalping just looking at the tape and the book and looking at the chart and just trying to make the most of these itty bitty teeny tiny moves in a stock uh so yeah scalping if you’re going to adopt scalping as your primary trade stat style what you know what what does

He do what does this entail so pure scalper is going to make a hundred uh number of Trades per day sometimes in the hundreds and so this what Sean was talking about earlier right just Tak tons of Trades lots of fills making the most of the market so a scalper will

Often sometimes use smaller charts as well I don’t really do this at like using the five minute I sometimes call it like in Candle trading if you can get in at the bottom of the candle and out at the top I love that that’s not always

Going to be the case for a five minut but but that’s kind of sweet when that turns out you know what I mean uh but different depending on your your scalp and your strategy you’re going to have um different time frame charts usually within that that smaller range there and

Also you know you can use at systems like direct access trading or level two quotations and we were talking about level two and the book and the tape all last week I love reading the book cuz what I’ve noticed is you can really find key levels of pricing that are of

Interest and then that can kind of help uh you know refine my entry or exit Point especially if you’re scalping if you’re not going to be there that long you don’t want to overseer you’re welcome that’s what I’m always saying and I feel like you can kind of tell if

Your time’s about to be up based on what the tape’s doing or what the book’s doing for right now I feel comfortable staying in meta cuz I’m seeing we keep you know we’ll get below that 366 even with the spread being the spread of meta

So it is what it is we’ll keep getting back back to that 366 right so I’m like hm we’ve got something at 366 I’m going to stay here for now that’s when I say scalp plation cuz I’m scalping and I’m also calculating with the book and and

Seeing how comfortable I feel so that’s part of it I just wanted to explain that there too and inst execution of orders is really important for a scalper so you need to kind of have like direct access broker is what they’re saying here also just being really quick on your toes

Having your uh shortcuts having your keys ready uh sometimes that does result in fat fingered trades uh unfortunately like what I did when I actually getting part of this position out but it’s just really about being on the ball and and trying to be quick because that that’s

The name of the game and scalping you do not want to stay too long you want to be in and out of that stock so what are different scalping strategies the first one which is actually really new and I I was not aware of but I think it’s pretty

Cool it’s called Market making so in this in this strategy scalper is going to try to capitalize on the spread by Sim simultaneously posting a bid um and an offer on a the a specific stock or the same stock the strategy can only really uh succeed on mostly calm stocks

Or iMobile stocks uh that trade big volumes without any real price changes but this is a really hard type of scalp to do uh because a Trader also has to compete with with actual market makers right like we’re calling this Market making but you are competing with um the

Big kahunas of Market making um and so because you they also want the shares on the bids and the offers and the profit is usually really small so any movement against the Traders Position will warrant a loss it’s probably bigger than your original profit so risk to reward

Is kind of nil in that situation if you’re doing a market maker type of scalping but the other two styles of scalping that we’re going to talk about are based on a more kind of traditional approach and require a moving stock um and so the type two of scalping let’s

Talk about is uh scal is done by purchasing a large number of shares sold for a gain of very small price of this is like uh trade shie was telling me about where you do the bi own where you get like 5,000 shares or 50,000 shares

And then you get two cents and that’s it you make profit on that small move that requires waiting like a hawk being very patient getting in and getting out right like we said like sneaky quick like a ninja like just execution and being really on the ball and knowing when to

Kind of knowing when to hold him knowing when to fold him right uh that’s kind of the key of scalping but especially this type of scalping here and so this type of Trader we got we enter several thousand shares wait for a small move measured in sense and this approach does

Require a highly liquid stock because you need liquidity to get in and out in that kind of situation right that’s definitely going to be important the third style of scalping is considered to be closer to that the traditional method of trading this is when a Trader will

Just enter a specific amount of shares on any setup uh or signal from their system or you know if it looks good to them they’ll get in basically but they close the position as soon as the first exit signal is generated near the one:1 wrist reward ratio I think it’s kind of

Close to what I do but I think what I’ve kind of done I think that’s partially too from from sitting next to sharief and hearing you uh speak on higher highs and higher lows which I think is really cool that’s kind of my style right like

Like I said I’ll get out at previous resistance so getting at meta I got you know kind of at this area where we had look like some support looks like we’re going to make a nice higher low and then I get out the second we have that previous resistance and we look like

Reting rejecting off previous resistance right now so it ended up kind of working out um but that I would say that’s my strategy also like I said I also you know I I like range scalping I like scalation I like having these predesigned little um systems for myself

And I’ll get out earlier uh sometimes than this previous resistance with part of the position if I do see uh that there is some kind of you know resistance in the tape that I I don’t want to mess with right so I think that’s just kind of my food for thought

There but also here are some uh tips here for Nava scalpers so uh newcomers to scalping and I say this as someone who is one right like I’m very much still learning every day and refining my strategy uh you need to make sure the trading style suits your personality

Because it requires a disciplined approach and Traders need to make quick decisions spot opportunities and keep your eye on the screen like when I when I’m in a trade I’m either looking at it in the big screen or I have it on my side chart with with the book because if

I can’t see the book I I don’t know what I you know what I mean you have to know you have to keep your eyes on the book look at the book there we go that’s that’s my quote of the day um and so if you if you feel impatient or if you’re

Gratified by uh picking small successful trades then then you’re perfect for scalping they say that as someone who is a bit impatient like sh was asking me would you say you’re a patient person I think I’m patient in the long term but in the shorter term no way nuh-uh no s

Bob right so that’s why scalping works for me I can’t wait for this um you know that the let them ride type stocks I don’t know how long that’s going to happen I don’t know when that’s going to happen right when do I get out so find

With scalping you do have to plan your approach immediately like I said you just take the profits and you say goodbye and I think it works if you’re a little impatient you can just kind of punch in punch out uh but yeah so here are some tips right order execution like

We were saying earlier right you really need to master the ability of um or not not I guess the art of being efficient in your order execution because if you have a delayed or a bad order it can wipe out your profit or it can kind of

Uh mess with with your flow or even result in the loss so this an example here this this wasn’t you know we ended up I think it was like maybe a couple cents last year but I did end up scalp and again um in the Sim still but I did

End up scalping out part of this position a little bit too early because I I ended up just kind of fumbling and then p8 was like here we go we’ll just get you out of this trade right so I think always what I I would say is make

Sure even though it is really Speedy make sure always like I I call it proof reading your trades making proof reading your entries making sure that you do have the right amount it’s something I need to get better at cuz clearly I did not proofread this out so I think that

You know that’s part of like like Shar and I were saying is well earlier uh you you really have to make sure you’re not fat fingering cuz that can cost you especially in a scalp same here right they We’re All in This Together shout out to High School Musical but yeah um

And this also requires be able to to be good at executing orders level two quotes are really important and I think looking at the book that’s why I like especially with meta where the spread is really important you I like to kind of set sometimes my U my out or my entry

Point right between the bid and the ask because then I know I have a better likelihood of getting it that’s just my take you know what I mean I think looking at the book and kind of making I guess educated decisions I don’t want to say educated guesses but making

Assessments based on that in conjunction with the chart to me that that’s kind of a happy medium for a scalp uh frequency and cost are also important to keep in mind with regards to um scalping especially so you have to make sure to keep cost in mind while making trades

Because scalping does as we said involve numerous trades and sometimes apparently you know you could do hundreds of Trades within a session sometimes and frequent buying or selling are going to be costly in terms of commission so that can shrink your pro profit so basically just make sure you’re very cognizant of that

While you are trading shout out to the word cognizant which we throw around a lot on this show and don’t forget too that you actually have to choose your broker based upon what kind of commissions they’re offering so and I gave the example of day trade the world

Where we get like I can get in and out of several hundred shares for a few pennies literally right whereas if I want to take that exact trade on my platform I’m looking at at least a few bucks so you repeat that over and over and over and then you’re going to see

How much is going to rack up because what I see in the chat is a lot of people are saying hey be careful be careful uh scalp scalping adds quite a bit in commissions and fees and they’re absolutely right in that regard so you make sure if once you determine what

Type of Trader you’re going to be after you know many months or years of experience that you choose the right broker and you’re probably likely to do that anyway because even in the Sim you’re going to rack up fees right yeah yeah no I think that I think that’s like

Uh an important part as well and I feel like I’m very lucky just to be able to be a on this prop floor and be in the Sim as I learn and grow so I think that’s definitely um something to to keep in mind there as well and thank you

For saying that I appr absolutely yeah I me I think another thing too um and I think this this is really cool because shie and I have very different trading Styles scalping you can do with different trading Styles so you can uh have a momentum scalp like uh which’s

Kind of going through with dwac watching that momentum getting in and out beautiful trade just taking advantage of that crazy uh dwalk uh just dwalk doing dwalk doing its thing and just getting involved I like I said I like looking at support and resistance and that’s how I

Scalp um do you know what I mean just get in get in at support get out at resistance that’s what I did with this metat trade right and again I wanted I’m excited to take more uh scalps in the wild today to kind of show and talk through everybody because that’s what we

Love doing over here but yeah really you just kind of have to understand as you as you get into to scalping a how is the market moving and B how are you most comfortable trading in scalping because no two scalpers are built alike um and I think it’s just kind of important to

Understand you know Trend trading and moment of trading can help achieve more profitable trades so if you’re more scalpy if you’re more impatient how do you take advantage of that right I think that’s something to keep in mind here as well um another strategy is that some Calpers use as counter Trend so

Sometimes I actually will do that if we’re in a Range all short uh when we’re in the the kind of the downward part of the channel and then it’ll go long when we’re in the upward part I did this with Eli Lily once and it it it was

Successful but it was really stressful so I think it really you know kind of depends on what you want to do um but I think you know there are ways to counter trend uh scalp but it definitely is is not for the the faint of heart and I say

That as someone who is kind of of the faint of heart so I think yeah you you can do it as long as you kind of have have a plan I would say right um but that that’s same with everything in trading just make sure you have a plan

But generally if you’re scalping it’s better to kind of be with the trend uh technical analysis also uh kind of a part here right you just uh different technical indicators that are important for scalping include uh the moving average ribbon entry strategy relative strength weakness entry strategy and

Multiple chart scalping uh I you know for me personally like I said support resistance uh Shri does momentum I think to if you can find a way that works for you or you were saying volume as well I know huge part as well for entries and exits because you need liquidity and

It’s kind of the last note here as well right so sculping does require frequent entry exits and that means that you have to have a lot of liquidity that’s why looking at the book and the tape is so important as well when you’re scalping right and so the strategy can only

Really be successfully implemented when you get your orders filled ASAP Rocky and that requires liquidity so high volume trades and high volume liquidity yeah that that’s kind of the the scalp and look here all right guys some housekeeping stuff uh to take care of first and foremost there is a 20year bond

Auction hola 20-year Bond auction guys at 1:00 so in about 33 minutes I got to tell you though the last couple of auctions have been uh uneventful so we’ll see if the uh treasury auction is still going to be a midday mover like it was kind of like the last few months but

The last couple of times I got to tell you I was unimpressed uh also 2:00 when the big guys come back on is the beige book The Fed beige book uh at 3:00 we’ll have fed Williams speaking so possible Market volatility there also uh ram ram and the production crew letting me know

That we have a Samsung event baby we’re waiting for this one obviously to come on uh this is the uh the Samsung Galaxy AI they’ve been advertising for this obviously Samsung not a stock that we typically trade on the show but it is uh an important technology uh company to

Keep your eye on especially uh you know as a rival for uh apple or any other of the uh of the other names that we talk about on the show Samsung uh it says what to expect at Samsung unpacked 2024 that’s the uh the name of the event says as always with

The unpacked events that take place in January or February this one is expected to be all about the heavily rumored and leaked Samsung Galaxy s24 line of phones this tells you how old I am guys I used to have the the the Galaxy 13 that was

The last Samsung phone that I had now they’re on the 24 wow so it’s been uh it’s been years years so uh they’ll be uh talking about that they also said you can likely expect the usual Suite of upgrades to displays processors and cameras but those probably won’t get as

Much attention this year if the rumors about the Galaxy AI art believed yes Samsung reportedly filling these phones full of AI features that’s going to be real interesting leaks point to things like uh live transition and photo editor so might be wise to at least expect those features anything else as usual

We’ll have to wait until the stream itself guys so we’re waiting for that to to take place but um if you know if that doesn’t interest you if you’re not a tech buff or you’re looking at possible connections between this one and uh other technology companies and this

Isn’t for you so I want to take you through those housekeeping uh items once the event starts I’ll let you guys know I’ve got it up on the side screen here um I’ll be able to know when it starts coffee coder is it possible to see Neil and

Sha’s positions while listening to you very soon soon you will be able to do that there will be a second stream there will be a second channel on the day trade or sorry on the trader TV live channel so you’ll be able to get um that

Channel I think B yeah there it is thank you Chile nightmare so that’s what it’s going to look like that right there guys as you see top left corner you’ll see Neil’s positions top right corner you’ll see the ktina man’s positions you’ll see the top stocks the day schedule the

Biggest gainers on the day and there’ll be a ticker as well moving there with the latest headlines so just uh hang tight for that um have that for you soon Hampton ster I had I had the original razor I remember the razor man I bought that in

2005 from Pacific mole the ca man says that was his first phone how’s that possible you you supped to had phones before that for real ktina man says that was his first phone cuz he didn’t get a a phone till thiry year university uh for all you Americans that means his junior

Year okay I forgot it’s like different terminology oh they don’t say that kind of stuff down there when I talk my talk to my niece and my nephew I’m like oh are you in grade 10 she’s like I’m a sophomore they’re like don’t talk to me

In Canadian way talk to me in American way now which I thought is funny uh Diamond realy of Miami dwac going doing dwac things yes sir it most certainly is it has now broken down below $26 that is dwac now about 15% or so on the day

Giving up the ghost headed down uh we’re out of this one uh we this was the the best out that we had and then this is the final out we had which was break even on the remaining balance this was while Neil was talking this triggered my automatic stop but dwac now breaking

Down decidedly coming back into that 25 and a3d so two $3 and a half from the top there as it got into the 75ish area on the 28 so almost three bucks and a half just in a matter of minutes there uh shout out to you Diamond realy of

Miami hamter says motor roll razor that was the phone back in the day oh it most certainly was it was quite expensive too when it first came out I never I’ll never forget that um yeah so coffee cater no problem um my pleasure coffee cater says mine was Nokia 3310 yeah I

Had something like that I got um back when it was Digital P CCS who remembers this those nokas that you could play Snake on oh my goodness that was good times uh nimit could you please help me understand what happened with Roma it was halted upside and now down by 60%

From the high not finding anything myself let’s have a look and see what is going on with Roa so this was a small cab gapper that I believe we got last week I think it was last week I think it IPO last week it did Okay cool so here

Is is Roma let’s pull this bad boy up put in the ticker so everyone can follow along and then we’ll talk about say that again spor oh this is a SP that’s yeah yeah yeah yeah Roma is a sponsor of the show by the way and uh they Brendle had

Them on right Brendle had them on CEO the daypo he he had the CEO the day they ipoed so we had that live for you here so R it was decent day today nit it shot up into that five and 12 but now giving up the ghost as some of these IPOs

Typically do trying to hold to all right let’s find out if there is any news on R I’m going have a look here um so today I’m looking everything that is an entry today was just about halting H and then resumption of trading so no new entries

On my thing today let me keep looking here no nit I got to tell you I’m not seeing any specific headlines at least least going back to earlier this week on R but you’re you’re just going to have to you know you know how these small cab

Gappers are nit right they are quite volatile so popped this is what nit is talking about here is the initial pop up on Roma this was 9 915 we popped up into that 4 and 3/4 sold off a little bit the Bell rung we rocket it up this is what n

Is talking about halted here to the high side at 482 gapped up into above 511 but down into the right goes since that time we’ve had one two three four four halts three have been to the high side and one to the downside you would not be

Able to tell that was three uphols and one down HT looking at this chart as the the chart is down to the right so a bit of a tougher trade on the this one for the Longs today what I can say though is the 50 period which is the red line on

My chart has acted as a key level of resistance for Roma today um to the high side so anything into that area has been sold off uh now let’s see what it does at $2 so we have a 2011 low on Roma it’s at 206 right now it’s seems to be basing

Out at two bucks I wouldn’t be in a hurry to buy this at two bucks I’d like to get it now look this is if you’re long inclined obviously I’d like to get it on the curl up as my friend Neil likes to say waiting for that the back

End so it starts to do a a rounded bottom and base out and then start curling to the top proving to you that it can curl back up and break key resistance levels what I would wait for personally is a break above and a hold

Above not on a quick wicking basis but a break and close above the 50 period moving average which is currently on my charts above 230 so it doesn’t look like it’s going to be Roma’s day today sadly for whatever reason as it comes into that whole dollar level at two bucks but

Nothing nimit on my chart or on my news blader excuse me uh really explaining what is happening with this St on the day so sorry I couldn’t be of any help there um The Chill nightmare I like that I too had a bedazzled Moto Razer is that you ram ram

That yeah I can’t imagine I can’t imagine Fabian walking around with a bedazzled razor that’s not his look there not sty that’s more like ram ram for sure I can see her putting like jewels and stuff and the Chile nightmare says his first phone was a Samsung Cobalt so it’s not a

Bedazzled motor roll razor that was ram ram was that back in Saudi that was back in Saudi she was uh she was all the glitz and the glamer over there baby all right Magic Mike have been I have been trading for three years but only started

To do it regularly in the past year I was talking Magic Mike off off camera I’ll I’ll message you Mike uh just give me a second to go through some of the other entries here here clutch says Roma is an IPO there is really nothing driving anything other than the market

Is still in the process of pricing it IPO price was $4 per share clearly trading below that at this moment uh B Davis says dwac trapped everybody up top not me got out um dip buy or short sell look I’m not dip buying dwac that to me

It’s just uh a little bit of um a risque game but if you are so inclined we do have this interesting area of price action around here now this area is basically from around 232 till about 252 it’s a bit of $2 range with the mean

Being that 20 well guessed it me being 24 A5 doll range right now you’re getting a bounce off that level but I’m I’m not going to be quick to pull the uh the buy but or to hit the buy button I should say on dwac at this level it’s

Got to prove to me that it’s going to come right back up it’s also below vwap right now which is at 2550 so dwap giving up the ghost here and I’m not surprised let’s be real about it I mean why is this thing moving up other than the fact that Trump’s murking

Everybody uh Nema what is happening with AMD I have been losing money trading it today can’t tell which way it is going I mean I know that can be a frustrating thing Nema and I I feel you especially when you have a very good cat list on

Amed right uh like you saw the ca man short this one yesterday at that 160 despite the fact that it was up like almost 10% at one point he called that that uh $10 level and he ended up printing on it right here again today

Was that 160 level we did break 160 I want to say in the pre we got into that 16050 area but then huadun went to Dynamite and we gave up like six bucks off that we tanked into that 15440 you know Nema I mean it’s just the

Way trading is you’re going to have a big move uh pre previous day and you’re going to give back a little bit of that that’s just normal uh you know Supply demand Dynamics in the market um I I don’t really have anything to say

To you other than I I feel your pain pin there but it doesn’t look like uh we’re making any newer highs right now on amds it comes back down to that 15750 it’s a smidge above vwap it’s also down 3/4 of a% on the day so not much I can really

Uh help you with there you have to watch the price action I haven’t been watching AMD have you uh I have I just looked at it now and I was kind of like I don’t know what it’s doing but Nvidia I kind of like this short off 556 I might I

Might get involved I might take adjust this uh this little consolidation area of 555 um I’m I’m very tempted I’m not going to get involved quite yet but I’m very tempted also I’m just looking at the chat here um work token saying hi from work token team we love you uh

Thank you so much we like appreciate the support always thank you for being here also I really should have gotten invol involved in that Nvidia short bye-bye Nvidia um Sean saying please talk about Tesla well you know what I will because I also have a little Tesla scalp to talk

About too because you know we’re talking about scalp day I like I said I like these inter candle scalps this ended up working out I’m only zoomed to kind of show it but basically I was watching and this is a huge example like I said of of

My strategy which is like watching the book watching the chart looking for Confluence shout out to Obie and then like kind of trying to make it happen right so I got into that 214 I said if we like look how I I was kind nervous

About this to but I said look at how how quickly or how for how long we’ve held this 214 we held really tightly you know what I mean so I I said absent um some kind of baby Black Swan event occurring in Tesla which mind you Tesla is Tesla

So could have happened I was like I think we’re just going to we’re just going to take the short at 214 I watched it get to 21360 right before then so I was like we have a range but like I said I like to get out a little bit before previous

Resistance so I said let’s do 21370 um lucky enough to get out of it right so it’s just kind of um just punching in punching out I also my thing with my scalps too is the second I get into a trade because like I said I like

To have it planned in advance I’ll set out my outs immediately especially with something like Tesla or Nvidia where you can get in and then the out comes within seconds and then you kind of miss it so I think that is kind of um something I wanted to address there with Tesla

Trying to make these little baby scalps in the wild and hopefully there’s more coming um hint H Nvidia I maybe also um as sound in the chat saying hey adore AKA miny can you do a spell on ma on Mara I mean I appreciate the um the pun

The pun magic happening there and let’s look at Mara let take a look um oh yeah I was excited um yeah I mean we I I’ll just like look through all the levels right um nice support at 175 coming once and twice the second time we had some nice

Consolidation with it so this is the case of free market levels sometimes being important right they’re not always going to but I think one of the things I’ve learned um from Sharie especially is like just keep an eye on them you know what I mean um so this pre-market

Level of 175 is I don’t think anything to scoff at then we get up to this um uh 179 so just going over this pre-market high as far as I can tell here uh flushing below uh breaking below that support of 175 and guess what we come up

To 175 support becoming resistance which I think is interesting here then we Fallen below now the new kind of low here on the day is about the 16 and almost exactly 16 and 2/3 and we come up to this um what is the 1713 area um which was also kind of area

We Consolidated around 1030 this could be interesting I think if we break above this you know my you know what I’m going to say for my next level it’s going to be 175 cuz this 175 was so strong already three times today I think Mara and 175 could be an area of interest

That would be my look on that on Mara but I mean you’re going to have to wait and see on that um for everyone talking about Tesla like I just looked at Tesla too but I think we have to get out of that 213 214 range before we do anything

Like we’ve just been dancing around at this point it’s like 21340 to 213 uh or to 214 which is a great kind of thing for me cuz like I said I scalp I like scalping ranges but unfortunately as for right now I do not like like Tesla’s

Pretty tightly wound like I said it looks kind of compression we actually might get that compression wedge I was referring to Pardon maybe it needs a vacation Tesla yeah you said tightly wound oh that’s true too yeah I think we you know maybe maybe he just needs to

Relax a little bit there sorry it took me a moment know it’s like come on dare you know me by now yeah know the Cyber truck needs to go to Miami there you go yeah and hopefully it doors will be opened that would be nice too that’d be

Nice that’d be nice uh yes I’m talking to you Yorkdale Tesla team next time uh you know I make a trip out there I’d like to see the insides of the car right that’s where I’m going to spend the majority of the time if you buy

It yeah they didn’t allow you number one to touch it they wouldn’t open the doors they said there was only the regional manager and some other manager that could actually go inside well I don’t know about him he might be a he might be a connected dude

But the Kina man says what about the assistant to the regional manager I didn’t get that information that’s good that was really good I got it it’s from the office Dwight Dwight K I don’t watch the office I have no idea ask me Seinfeld uh I’ll

Be all over the Seinfeld ram ram is disappointed she’s like why not why are you not watching office there’s a lot of good references from that show I’m watching young Sheldon right now on Netflix I thought you already no you watch well I watch it on TV now I’m like

Doing Episode by episode I find it quite fascinating somebody that young being that brilliant but any that’s neither here nor there guys uh there’s a new small cap gapper aure it’s a bit of a slower mover and it hasn’t done as much volume as you’d like a small cap gapper

To do but here it is it’s a steady state move up PR QR on the NASDAQ guys uh up 30% we’re 29 half% here and it’s a multi-day Runner have a look at the daily chart on prqr it’s up 5 days in a row here uh I don’t have um PR oops

Sorry PR QR I don’t have a a catalyst for it on the day but I’m assuming that’s because it’s been running for multiple days right now this is the look on it here started out um its life last week in uh $1 territory it was like a

$1.93 and that’s 1 2 3 4 four now green days with today being the largest uh the most outsized Green Day uh it’s had let’s let me just load up here and go back to my blader and to see if there any entries into this now guys I’m not

Seeing here it is okay this is the one maybe on the fifth um Pro QR and R syndrome research trust join forces with axamer RNA editing collaboration oh no not more RNA I got a little bit of uh allergy from that from the uh it’s a joke obviously from the uh

Pandemic right CU it was mRNA got it got the allergy from that I like yeah well it’s not that fun anyway PR QR running nicely it’s uh been really it’s almost up 30% 2 and a/4 million shares uh the float on it is 65 66 million shares

Let’s look at the uh short float see what that is up to PR QR negligible it’s 1 and a 3% of the flow to shorted so it’s a decent look here I mean I I don’t want to chase this nor am I really you know super inclined

To get into it because of the amount of volume but if it comes in to a key area like three bucks and maybe we could talk that’s where vwap happens to be as well I’m trying to look for ideas here on the market kind of sideways at the moment

Right now with uh the mag 7 kind of moving a little sideways uh and the fut kind of gave up 168 here but it’s not moving with any aggression um John Wilkinson Sharie how would you feel about Roma in the aftermarket now I mean the only benefit

Really of looking at Roma in the aftermarket is the removal of the halt parameter okay I don’t know why You’ want to necessarily trade Roma in the aftermarket because typically the small cab gappers once they’ve uh you know made the move in the midday uh the volum

Tends to drop off a little bit that is of course unless they are tanking or skyrocketing in which case uh they continue to move aggressively in the aftermark and even more aggressively than they would during regular trading hours because again there’s no 10% halt parameter on these now Roma has given up

The ghost at two bucks we were talking about whether this one would find a base at that $2 area it has it now we’re printing in the low to mid90s uh now down 50% on the day after gapping into five bucks it has been a short seller’s dream today on

Roma with every uh pop into the 50 period being rejected eventually so romont not a good look for it today I personally wouldn’t be jumping on this one um obviously long but I don’t know what the short situation is with this one all right let’s see what everybody

Else is talking up to uh talking about here yeah nothing really uh exciting being talked about in the chat let’s have a look at the side charts and see if anything’s uh putting a level here yeah not really seeing much guys let’s bring in the side charts on the me 7 I

Mean we talked about meta and Microsoft being the strongest of the bunch and I think that still holds true even Microsoft maybe even a bit stronger now just down a quarter of a percent while meta’s down about 0 4% but the charts look awfully similar a v-shaped recovery

On both of them and then a sideways move so we’ll see if that possible cup and handle look here I have no idea Google a similar look to both of them as well but with a more downward slant uh which is kind of explained by the fact that of

Why it’s down 1 to3 uh Apple started pumping a little bit here while we were uh while we were talking it’s it got a little bit above 182 got into 182 and a third now it’s south of 182 again uh by just a couple of pennies 181 High 90s on

Apple not much for me to do there and Adera cover Tesla uh very well it is very sideways is TSLA uh at that 213 about a dollar range say 213 214 a little bit more than that but Tesla not really doing anything very much near the

Lows and below that 50 period as well what I am looking at though as a possible bump up here is this vwap dip that we got on Nvidia so nvidia’s down 1 to3 right but it did come into that 555 area 5 $55 uh where it happened to intersect

With vwap as well now it’s at in the mid 556s just got a 5.57 touch uh on this green candle so let’s see if we can get a bit of a bounce here on nvda it had a good day yesterday you’ll see that over here um probably in sympathy with AMD

Which was the real winner in the chip world today giving up some of that price action though today is NVIDIA we’ll see if we can maybe squeeze something out of this stock because I’m not really seeing much else if you guys are seeing anything interesting here tag me in the

Chat oh boy Trader telling me about Nvidia yeah agree with you my man or I don’t know I think it’s a female sorry let’s find out yes it is and I do apologize oh Traer couldn’t see your picture John Del segno says big bull

Flag on buou yes let’s have a look at b u and see what that one’s up to some of the Chinese names today obviously sold off really aggressive As We Got U worse than expected Chinese GDP data I mean worse than expected we’re talking about 0.1% lower um it was also

The first time they’ve reported youth unemployment in some time they are calculating it a little bit differently than they did previously and I should point out something about China’s youth unemployment before I look at ba here the youth unemployment for people who live in the rural area of China versus

People who live in the city is markedly different unemployment for individuals between 16 to 24 in the city is below 5% High fours okay so kind of like Canadian unemployment almost but once you come out of the city and you’re more in the rural areas it jumps to like 15 some odd

Percent so a big discrepancy there uh between uh City and non- City uh individuals in China and the unemployment so make it that what you will but anyway uh we had a nice pop initially at the Bell on a lot of these Chinese names buou included in that we were at about 99

Bucks there at the low we rocketed up to about 101 and a3d and we continued up to about 102 102 is as good as we could do on the day and now it’s been kind of lower Highs but not really necessarily lower lows on Buu and you can just

Easily see that by drawing a trend line the lower lows though sorry that uh the support is around 101 so I don’t know if I like the fact that this is putting in lower highs with a flat bottom we know typically what that does right we have

Support at 101 with the price and then we have vwap just a little bit below that at 180 175 around that area so I don’t know how I feel about taking anything here on buo if it can you know maybe break above that 10150 or 102 then

We’ll uh maybe we’ll have have something there but I’m going to stay clear of buo for now um right now yeah so let’s keep looking here anything else yeah apple just got above 182 again Adera and the fut just broke above 168 again I’m not jumping into the fut here but there is

Uh we’ll see if there’s something here yeah I think the market is um does not want to know what it wants to be when it grows up is it up is it down is it red is it green who knows what I know is I’m looking at Google for a long here trying

To get involved at 14065 I like this rounded bottom uh very small share size going to take it to about that 141 area cuz that is a flat top if I’ve ever seen one and I do not want to trust that looks like we’re it’s running away

Without me I’m just going to probably cancel the order here but in the meantime I do want to talk about some very um ill- faded uh little tiny shorts I tried to have here on Nvidia so uh my first one I like this 556 cuz I watched

This a couple times go to 556 bounce off be off and then come back right back down so I was like you know I think we’ve got enough oin it for a scalp right I was in it we got to about I got in 556 we got to about 550 570 my plan

Was to get out 5 5550 then we bounced right back up I saw we we uh went Above This previous area of resistance um and I said nahh I have to leave got out now the issue was I got it the second time because then I also noticed again like

We we kind of went back down I noticed we had this nice like kind of level around this 55650 probably should have long there unfortunately instead I got short and then I got out um once we hit that kind of gone above that uh this other consolidation area right we’re

Touching that 557 I had to say sayara if this 557 area holds an area of support I might do a scalp long here and then just go to the top of this um this 558 because this is an area we’ve had twice right this is the clear area Thea of

Interest um but honestly Nvidia right now it’s like fool me once sh still shame on me but fool me twice also just shame on me so you know I don’t want to like be too careful here with Nvidia um to quote Michael Scott actually cuz you’re just talking about the office

Fool me once shamon uh you fool me twice you’re out so that’s going to have to be me with Invidia right now I think um also meta kind of getting interesting here for me um sort of I don’t know it’s kind of it’s very rangy in a way I like

Right like kind of getting where if I if I do this again where I getting where I got in the long and get out same kind of area this 366 50 I don’t think this is the bad look what concerns me a little bit is these slightly lower Highs but

The bottom is flat enough if you get very bottom Wick and you get very top Wick I think it could be kind of a fun range scalp someone was asking me earlier like you know like why are you getting involved in Tesla when it’s dead

On the day and I said like you know I’m thinking I know it’s dead on the day but I think for my style like just kind of getting in and out in the candles what I attempted and very much failed to do with Nvidia I think something like this

Kind of works right like that’s what I like about this this kind of Tesla trade and stuff like this is just seeing these clear areas of resistance bounce up and down like um like a a you know like a a rubber band over here just getting into

Involved getting in and out that’s kind of the dream I guess W is a Taliban isn’t that the how the song goes I don’t know that one rubber band man wow that’s a t f is this oh come on Neil help me out you know this

Song it’s not it’s not uh yeah I forget the chat will know probably is it it might be T I’m TI yes good memory dude I’ve seen TI a lot yeah you were yeah thanks for that yeah the chat is like undefeated I’ve seen live so I’m

Really sad I didn’t get that one yeah I sawl when I was 14 really good nice where Winnipeg Winnipeg oh no way yeah it was like a very small theater and uh in the in the um it was yeah it was in like the fall it was November which is

Basically winter for um Great Soul for coming there yeah for he’s from Atlanta from Hot Land yeah ETL right so what’s going on over there ah yes okay I thought you were printing yeah had ktina man dropping the money CU he’s like he’s going to go

Where the money is the money it has multiple meanings the money oh yeah it can mean multiple things around here guys the fut is uh kind of uninterrupted unabated uh through uh 168 here a nice move up from 16775 uh Nar a red Candle on the one

Minute chart right now there’s one in maybe 15 or so uh it’s still lower highs though guys and it’s still lower lows off that top here that we got at 16840 we haven’t been able to do better than that at least at least since around right here

So we’ll have to wait and see whether uh this 168 break is just another bamboozler or what I would look for a possible print and close above 16825 cuz that’s where we kind of crested out during this consolidation area over here so I’m not going to jump into anything

Meta is awfully near highs right now it’s 30 pennies off highs 366 61 96 is the High um Microsoft as well it’s not as close as meta to the highs but yeah these these bad boys moving again gugel is now knocking on the door of 141 coming into that top end consolidation

Range Chile nightmare if we’re able to thank you um at 141 here on goal so some market movement here Apple um you know Apple was the the red one today but it has been putting up higher lows and higher highs since bottoming out there at 180 and A3 now we’re knocking the

Door of 182 and A3 we just printed that level but we’re still well below pivot we’re still well below yesterday’s closing print which is at 183 and 2/3 so we’re well about a dollar and um yeah and a bit off uh off yesterday’s closing print Tesla is not doing much but that

Vwap hold on Nvidia has materialized for now so that 555 hold now was a 558 touch so whoever took that vwap trade on nvda good on you you did it you didn’t Yap about it like me and uh yeah I hope you print but keep your eye out for that 560

Break cuz that was where we crested out last time and weren’t able to break above that it’s also happens to be the 200 period on my 5 minute look over here so we’ll see whether or not inveda can keep continue to rise off that vwap bounce that it had earlier somebody else

Was saying snap was moving and I know that there was some talk today about uh snap getting an upgrade uh there was right price Target increase price Target increase thank you for that Adera um let’s have a look at Snapchat which uh has done quite well as

Of late and by as of late I mean like the last few months while today today it kind of Tanked on that news whatever the reason was you could tell uh it got that price action Spike at six probably when uh that price Target increase hit the

Wires and then it looks like it was like a sell the news event uh cuz 590 was as good as we could do we’re back at that 5 and a quarter uh below vop which is that 5 and a third I have nothing here on Snap until it can

Really break and hold above V but you do have a good Gap fill that you can uh that you can look for for for uh the next day or the day after that because that big move down from 590 into 5 uh and 155 bottom there uh was quite an

Aggressive quick move so we’ll see what snap does I don’t have anything personally right now on Snapchat that prqr though that small cap gapper is continuing to put in higher highs and higher lows though so although the the volume has been a little suspect on prqr

The price has held up so three years where vwap is at that’s ideally where I would would have wanted to get in I don’t think it’s going to give me that 529 the high it’s 520 right now but there isn’t really uh really much here I’m I’m looking I’m

Looking I’m looking yeah the fut is continuing to stay above 168 I know Hampton’s Trader in the chat he wants the fut to T he’s short I think he was short uh 168 and A3 um Bond auction Bond auction thank you for that so there is a bond auction we mentioned that earlier

The 20 years so keep your eye on TLT but uh I yeah we’re 1 minute now removed from the auction I don’t see the uh the actual print yet the okay here it is so it’s higher okay we’re going to we higher than the previous I think we’re

Probably going to sell off who knows maybe I’m wrong and we we pop up the previous print on the 20-year auction was 4.23 this time 4.42 three so uh you basically 21 higher than it what what it was last time and I’m not surprised by

That cuz you have uh the 30y year the 10e and the 2-year they’re all up today with the 2-year being by far the highest 3.12% for the 2-year we’ll have to wait and see whether we get some sort of Market reaction from this Bond auction but um the higher the yield the lower

The demand for the treasury note so just keep that in mind here we go on the future continuing to move higher so I don’t know exactly what to make of this we’ll uh we’ll let the price action unfold and we’ll D digest it after yeah I mean I’ll tell you what Tesla’s doing

A whole lot of nothing um I got involved in this short and lit I was like you know we we got up I was a little bit nervous we’re dancing around 21420 we claim it and then Tesla’s like oh wait did I do that n bounces back down

Tesla’s continuing to do Tesla things uh it’s the tire production is driving all around this range still also I do want to address uh Charles Butler in the chat saying Tesla’s been at support all day why short it I mean I’ll tell you like

We it is scalp day right so I would like you know to talk about kind of what I do um which is range scalping and I say what I do I mean like I’m I’m still learning I’m still in the Sim but basically I love kind of uh trading

Stuff when it’s within a range like this right because I know these are generally the highest will get and this is generally the lowest we get it doesn’t always work but it gives me a nice little buffer uh that I can kind of play Within right like a picture frame that I

Can then dance around in so I think that’s kind of an interesting uh look Tesla though what I’m noticing too this is why I say scalp because I I’m scalping while also calculating and keeping an eye on what the tape’s doing the book here on Tesla is having a

Really hard time decisively getting below that 21380 so I’m going to keep an eye on that that’s why I took out part of my profits at 21380 but um ideally i’ like to take the rest out just below that 21350 should we a be able to claim that I’m getting a

Little bit worried about our ability to claim that but just keeping an eye on that there also meta equally rangy kind of looking similar to Tesla like I said I’m eyeing that to uh that constate uh 36650 failure all the way back down to about 365 uh 70 going to keep keep uh

Keep an eye on that or yeah I was going to say keep taking an eye on that but doesn’t make any sense I’m going to keep looking there is what I want to say um yeah Nvidia than thank God I decided to stop um doing whatever I was doing here

With these tiny short scalps Nvidia breaking over that previous um resistance and that strong previous resistance of 558 and viia said how you think you I can I cannot resist continues to go higher I think definitely the next level of interest is going to be that

560 if we can H decisively break above the 560 that’s going to be a good look if I can find a dip opportunity here I might scalp this for a pop you know we’re trying to take scalps in the wild here that is what we do um on how to

Trade but yeah Nvidia definitely want to watch like I said I’m kind of trying to stay away from it but if there’s something good I’m not going to um say no just cuz I I messed up earlier you know what I mean like that’s what I

Think one of the big things too is when I first kind of started trading if I took a trade or a couple trades and they went to Ry I would just not touch the stock for the rest of the day and be like oh it’s clear on my stock but then

You see an opportunity and then you don’t take it because you’re scared I think the thing is you have to like you know the Stock’s not out to get you it doesn’t care about your feelings if there’s an opportunity take advantage of the opportunity right so with that being

Said if I have an opportunity to go long Nvidia for a couple cents here and there I may go long Nvidia uh yeah no worries Charles Butler I understand like my my style is a little bit like we were talking about counter Trend scalping I do that sometimes within a range so I

Totally get that I mean thank you for giving me the opportunity to kind of um explain the scalp as well because it is scalp day so why not why the heck not so yeah I appreciate kind of going over that also uh Tesla getting within my

Target area of that 21350 so the piece for a dream that I held may come to an end in a good um probably time to start that lesson again it’s uh top of the hour today guys we are talking about scalp trading great segue there thank you um Dara’s favorite type of trading

Scalation she calls it uh you know we’re going to talk a little bit about the you know what it is some of the tips and tricks and some of the tools that you need okay so a scalp Trader intends to take as many small profits as possible maybe not as possible maybe until

They’re content this is the opposite of the let your profits run type style you know they always say uh cut your Lo losers and let your winners ride right so let your profits run mindset is kind of ingrained in a lot of our thinking as Traders well we’re going to have to get

Over that if you want to become a successful scalp Trader uh the basically the let your profits run mindset attempts to optimize positive trading results by increasing the size of the winning trade so the amount of money that you make per trade this strategy achieves results I’m talking about scalping scalp helping

Achieves results by increasing the number of winners and sacrificing the size of the winning trade so you take 20 pennies instead of taking a dollar but you take five of them instead of taking one trade so ends up I’m I’m just giving you a direct uh correlation direct

Equivalent you could end up making more obviously scalping it’s not uncommon for a regular Trader a non-scalp Trader with a longer time frame to achieve positive results by winning only half or even less of their trades it’s just that the wins are much bigger than the losses so

When we talked about that week about how to have a trading plan and how to manage risk we talk about risk to reward right and we talked about how the fact if you had um a two to one risk to reward ratio you could be less you could be uh um

Accurate less than 50% of the time and yet still make money because the the size of your winners uh was much Li larger than the size of of your losers and therefore you could be accurate less than 50% of the time and yet be positive okay however a successful scalp Trader

Will have a much higher ratio of winning trades versus their losing ones so they’ll be positive more than 50% of the time if they want to be uh if they want to be a successful scalp Trader while keeping profits roughly equal to or slightly bigger than the losses okay so

Your whole risk to reward analysis and your you know one to one your ratios really need to be reassessed if you are going to become a su successful scalp Trader okay let’s just put that out there first now the main premises of scalping are three there’s three main premises to scalping one lessened

Exposure limits lessened exposure limits risk okay so a brief exposure to the market diminishes the probability of running into an adverse event so the the example I gave earlier when you get in at Tesla at 213 and you take 50 pennies to the high side rather than waiting for a

Dollar you are limiting your exposure to the insanity of I’m kidding of course tongue and cheek to the volatility of Tesla’s uh price action so you know leaving a an open all day trade on Tesla could be quite risky the point is here to limit the time of exposure to the

Trade the longer you’re in the trade the more exposure you have second premise is smaller moves are actually easier to obtain than larger moves B basically simple a bigger imbalance of supply and demand is needed to Warrant a bigger price change for example it’s easier for a stock

Obviously to move one penny than it is to move $1 and therefore you are likely going to get that move that you are looking for whether it’s in your direction or not is an entirely different story uh if you’re looking for a penny than if you’re looking for a

Dollar so smaller demand smaller imbalances of supply and demand is needed when you are scalping and the third premise to scalping is smaller moves are more frequent than large ones that goes without saying even during relatively quiet markets there are many small moves a scalper can exploit while

You know waiting for that Dollar Club winner are you know you’re going to or fewer and far between not saying they don’t happen they happen plenty but they are definitely fewer and far between than you know a 10 Penny move a 20 Penny move all right so scalping as a primary trading style

Requires certain tools the first one is the time frame that you’re trading on so typically what you want here is a one minute time frame a thre minute time frame sometimes people use less than one minute time frames I’ve seen uh scalpers on small cap gappers that use the 30C

And the 10 second to really kind of look at where the market is moving I’m not suggesting you do that but what you need to understand here is you need to have access to multiple time frames for your charts you also need direct Market access or direct access routing or

Direct access trading whatever the uh acronym you want to use for that is you need to have a direct method to get your orders to the market you don’t want these uh payment for order flow type um um Brokers you don’t want those Brokers that offer you only one market maker you

Need to have access to all the market well not all a lot of the market makers um and to be able to get your your orders directly into Market rather than through multiple intermediaries so that’s the other thing you’re going to need the other the third thing you’re

Going to need is access to level two and so we can show you what level two looks like here on the chart which is basically super simple um um Fabian if you’re able to uh this is the level two on dwac you have over here Fabian or uh

Ram ram thank you um this is uh the level two over here on dwac you have the bid on the left side where you can see the Gateway the price and the size at that particular price and then much like that you see it on the on the other side

Over on the right side which is the ask which is people selling the Gateway the price and the size at every particular price so you’re going to need those at least in order to be able to scalp successfully um in these markets okay so those are the three basic tools that

You’re going to need now some scalping strategies let’s talk about this there’s three that we’re going to talk about today the first type of scalping is referred to as Market making whereby a scalper tries to capitalize on the spread of an instrument by simultaneously posting a

Bid and an offer for a specific stock obviously the strategy can succeed only on the most immobile stocks that trade big volumes without any real price changes and the one that I gave you an example of last week was a buyout trade when we talked about level two where

Essentially what we have is a huge move up initially on the release of the news that there is going to be a buyout and then what typically happens is you get a sideways move uh for the rest of the day now the sideways move is going to have a

Range the range depends on the stock it might be a penny it might be five okay the point using this method is to sit on the bid try to get filled on the bid and then to try to get sell on the ass to make that one or two Penny spread so

There’s two ways you’re making money using this particular method one you’re buying shares in large quantities at that say $50 level and then you’re selling that big quantity that you bought at say $501 $502 so you’re you’re making money off that particular spread you’re also making money if you have access to the

Rebate gateways which actually pay you for adding liquidity into the market so when I take 50,000 shares as a buy one of these gateways is going to reward me he going to say Sharie thank you for buying 50,000 shares you’ve added to the liquidity now you’ve satisfied this sell

This buyer over here or seller over here who wanted to sell 50,000 shares and therefore you facilitated trading for that I’m going to give you some money from my cut and that’s what a rebate is okay this is really hard to do and I don’t want to make it sound I’m making

It sound like it’s super simple set on the bid sell on the ask yeah it’s it’s a tough trade this kind of scalping is immensely hard to do successfully because a Trader must compete with market makers for the shares on both sides of the bid and the offer also the

Profit is so small that any stock movement against the Trader’s position warrants a loss possibly exceeding their original profit Target so if I just finish telling you that there’s a one or two Penny range on a $50 bout stock if it tanks against me four pennies that’s

Already double what I was looking to gain here I was looking at a two Penny move so you need to be really careful and make sure that not only are you using you’re sitting on the bit in the ass but you got stop losses in place

There uh in case the uh the move goes against you okay the second type of scalp trading Style is done by purchasing a large number of shares that are sold for a gain on a very small price movement a Trader of this style will enter into positions for

Several thousand shares and wait for a small move which is usually measured in cents it could be measured in dollars if it’s $1,000 stock such an approach requires a highly liquid stock to allow for entering and exiting say 3 to 10,000 shares easily and on the mag S names

You’re going to get that like for example Tesla today has done 70 .2 million shares would you get that though on Netflix which has done 2.63 million shares sure Netflix is almost is more than double the price of Tesla but doesn’t warrant the volume difference there so you need to be quite selective

In the stock that you are choosing for scalp plation as Dar to say okay so make sure you are cognizant of the volume the third type of scalping strategy is considered to be closer to the traditional method of trading a Trader enters a specific amount of shares on

Any setup or signal from their system and closes the position as soon as the first exit exit signal is generated near that one: one risk to ratio so this particular case what you’re looking for here is say you punch in Nvidia long at 555 cuz that’s where it held view up it

Gets to 556 you were going to risk a dollar to 554 it hits 5 56 you’re out you don’t care that it’s going to continue to run into 558 560 you are just basing it on your RNR risk reward ratio based on that share size and you’re basically in this method you have

To have more winners than losers because you’ve got a one to one so if you have a one to one your winners have to be greater in number than your losers so make sure you’ve got that in mind all right so some tips here for some novice scalp Traders and that would include

Myself okay newcomers to scalping need to make sure the trading style suits their personality because it requires a very disciplined approach Traders need to make quick decisions spot opportunities and constantly monitor the screen and Neil was talking about that on his real deal segment right if you

Are not the impatient and uh you know screen H Hawk type maybe this is not for you because you know punching in uh several thousand shares uh to move a little bit I personally wouldn’t feel comfortable getting uh up from my desk and walking around and and chatting with

People sure you’ve got stop orders sure we’ve got script orders but they’ve been known to fail and especially if the liquidity dries up your stop may not get triggered so I’d like to be at my desk if got if I’ve got huge shares to make

Sure that I can make AG the tra okay so that is the first thing so you need to assess your personality type is scalping conducive to your just general nature or you know are you the more patient person are you the AR you know the the cold

Blooded person that can just sit there in a trade all day right everything everybody’s going to be a little bit different order execution here’s some tips for order execution a novice needs to master the art of efficient order execution a delayed or bad order can wipe out what little profit was earned

And even result in a loss since the profit margin per trade is so limited the order execution has to be very accurate as mentioned above this requires the supporting system so you have to have the tools in place you got to have direct Market access you got to

Have level twos and you got to have multiple time frame charts so you got to have those at least now with respect to order execution you know every platform is different personally I’d like to have my my beak wetters or my profit takers out already if especially if I’m

Scalping and I know exactly how much I want to take on this particular name if I’m gunning for 10 pennies if I’m gunning for 15 put your orders there so that if there’s a quick popup in the price you can capture that profit and you drisk right because you’re not

Letting it run that the scalping thing the scalping mentality is not not a let your winners run type mentality so why not have your order your uh profit taker out there already you’re not waiting for that price Discovery North you know exactly how much you want to take so

Make sure you have sound order execution the next one is the tip for the novices is the frequency and the cost and this is talked a lot about in the chat people were like yo you cannot be uh scalping on a platform that’s going to charge you

Five bucks per trade or six bucks per trade or whatever some of these banks are charging at least in Canada I don’t know about the states okay I personally I told you guys my platform charges me at least a minimum of a dollar per trade to compare that to day trade the world

On P pro8 I’m charged a couple of pennies per trade it makes it vastly different in order uh sorry vastly different uh and how much money I’m going to take home what my costs are going to be so a novice scalper has to make sure to keep keep costs in mind

When making the trade scalping involves numerous trades as many as hundreds during a trading session and I mentioned the ca man will you know on a normal day he’ll have several hundred uh orders and fills and so that racks up a lot of 33s he has 330 fills today so when I’m

Telling you that you know the the cost can rack up with especially with his trading style you know I’m not I’m being serious about it okay frequent buying and selling are bound to be costly in terms of commissions which can shrink the profit obviously this makes this

Makes it crucial to choose the right online broker this makes it too crucial to choose the right online broker the broker should not only provide services like direct Market access level two and multiple time frame charts but also have competitive commissions right so I just finished telling you about mine I don’t

Know what yours charges you but basically day trade the world charges you almost I want to say I don’t want to say nothing but it’s very small compared to others the other tip or trick for novices is the trading style spotting the trend and the momentum comes in

Handy as a scalper uh basically because you can enter and exit briefly and repeat that pattern so we talked a little bit about momentum trading yesterday and the the technique that I gave you guys was look I like to see what’s popping or what’s tanking on the

Day and then I like to get it on a pullback I don’t necessarily like to chase it so that’s my style you could employ that same style but from a scalping method so for if I was getting in if I waited for NVIDIA to pull back

Into vwap at 555 bucks as a scalper I’m just going to take 556 bucks right but if I was a momentum Trader I would look not scalp Trading I would look at what’s the next key resistance level I would look uh for things like vwap if we were

Below vwap I would look for things like the previous day’s close the the $10 the whole dollar level as an area of resistance when you’re scalping you you’re going to take something likely below that key resistance level because you don’t really care about support and resistance here to the top side you’re

Scalping you’re getting in you’re getting out and you want to repeat that multiple times so it’s good to have a a foundation uh other than just I’m a scalper no I’m a momentum Trader I’m a trend Trader and then employ the scalping method under that umbrella okay technical analysis also very

Important in um in scalping you have to be able to identify areas of support and resistance you have to be able to use uh other indicators like moving averages vwap um whatever your whatever floats your boat macd RSI whatever it’s going to be so that you can determine

Yes this is the time to get long no this is the time to get short just cuz you’re scalping a couple of pennies doesn’t mean it’s going to go your way it could go against you right and determining or trying to assess whether something is

Going to go your way or not is going to involve technical analysis skills so make sure that you have sound technical analysis skills and obviously that’s what we’re trying to um to do around here some of the three indicators that could really help for your scalation is moving average ribbon strategy we’ll get

To that on a different day relative weakness uh relative strength and weakness exit strategy and multiple chart scalping and last but not least volume volume is very important here as a technique scalping requires frequent entry and exits and decisions to be made within a short time frame such a

Strategy can only be successfully implemented when the orders can actually be filled and this depends on the liquidity of the instrument high volume trades offer much need liquidity so when we talk about the buyout trades that I was just mentioning where something moves up and then moves sideways the

Rest of the day there’s going to be plenty of liquidity there it’s just there’s not going to be much price action but when you look at the actual volume it could done several hundred million shares on the day so that’s what you’re looking for if you’re going to

Scalp you have to be able to get in and out safely and that’s going to require volume volume will also help tight up the spreads so where something does less volume it’s most likely going to have a wider spread between the bid and the ask and that is your cost of entering and

Exiting that spread you have to assume that if you got out right away that would be your cost so the the more volume the tighter the spreads are going to be and the more or the safer it’s going to be to be able to scalp a dare

Yeah no I think that I thank you so much for that analysis and yeah I think like that’s a huge example of why I you know I want to talk about an actual scalp that kind of went es sco against me here I was I went long Tesla 21320 so some

People were like you know you were short and it was working why’ you switch well for one like you know I scalp so I didn’t take much profit out the short do you know what I mean I was just kind of like working it like in and out um but

Then I decided uh to go long here because we had a good amount of support of that 21320 we held that 21320 like a glove even while I was in it for the first while we were still holding it then we held 213 then it just fell

Against us and that’s where I got out I said c to Tesla saw the decisive break below 213 um and I was like goodbye um but yeah I mean like I’m just keeping my eye out not getting involved in anything right now I will say I’m kicking myself

For not getting involved in this meta long I literally my I was on like I had an order set for that two um that 36550 didn’t go through was going to put it through again and then we flushed down to 360 640 and I was like oh my

Gosh I can’t do this um that’s so that’s kind of why I got out here here it flew right up cuz I would have taken some profit at 366 would have been a 50 Penny winner or 50 paper pennies um but Al last it did not occur if we see some

More support at 366 I might as still take it to that 36650 because that still looks like it has some juice in it meta has been really rangy today Eric lunaville saying um Tesla short or Tesla long sorry um I don’t dislike the idea of a Tesla along I need to spend more

Time watching the book and looking at levels the area that I got out that uh 21275 is looking too bad to me um and then because we’re talking about scalping it’s like where would I get out well I mean this this kind of support of that 21330 I don’t think is anything to

Uh to scoff at to turn your nose up at I might take some support uh I would probably take some profit at 21330 take the rest out before 24 now the other thing though with with Tesla and this is what always scares me regardless of being a scalp regardless of what kind of

Trade it’s going to be I always get very nervous getting involved in trades near the low or the high of day in either direction because uh I don’t know where I’m going to set my stop loss do you know what I mean like Tesla could be

That 21550 but Tesla can just like fly below that do you know what I mean like I like to kind of have a window I like to have a little cushion with Tesla there is no cushion there is only sky and ground and so uh especially because

We broke out of a very well defined range which is that 213 uh 214 area right so I will be careful uh we shall see what occurs um I think yeah salty bear saying I see Tesla hasn’t actually made new low of day there may be hope

LOL yeah I think I think Tesla could be a scalp long for me I appreciate you saying that they’re Eric lville bringing that one up I do like this um 21275 but I do need to have more evidence of that before I get involved I’m also still

Eyeing um an opportunity to get Nvidia but I mean like you know Nvidia holding up okay around that 556 but I I don’t know I don’t want to get I I don’t want to be too hasty shout out to the Spice Girls here you can’t be too hasty we’re

Going to have to see what happens um but I’m keeping an eye on the 556 Nvidia 21275 Tesla yeah I to the other another thing I want to say just off what we were saying about scalping is um the role of volume and scalping and that’s

Why like you know I I always joke like you know if it’s not if it’s below A Millie I’m not getting involved in Lily but I say that because there were times when I tried to we were like you know 600 700,000 STS and it just doesn’t work

Right it’s not it’s not feasible and sometimes I think you have to learn the hard way especially when you’re scalping you want to get in and out quickly with a name that does have such a spread like Eli Lily let’s pull up Eli ly to look at

The spread right now I think there are ways to trade it but I think it’s just being careful and I think being cognizant of the volume has been really helpful for me also this is a really nice flat bottom break on Eli Lily oh my gosh this break below this uh 63150 was

Beus but right like I said like you know you can’t you can’t have fomo if it was below your your level of volume in the first place right like part of that self-preservation and then also another thing too I want to say um with regards to

Um uh what what was being said there another thing I I think I want to like kind of touch on there if I can um remember what I was do with this yeah I think I think it’ll come back it’ll come back yeah you want me to talk about this

While you yeah please do yeah yeah sure so I was just double-checking with the brendo to see if this is a new or old headline here Amazon scores big with regional Sports Network deal Prime video to feature MLB NBA and NHL games and we’ve been talking a lot about this um

You know with the streaming services the next kind of Holy Grail is going to be live sports and here we go uh looks like Amazon is going to start with uh adding uh baseball basketball and hockey to the MLS deal the soccer deal that they oh

Sorry that was that’s Apple sorry so MLB and B&L is going to be the domain of Amazon MLS is going to be the domain of uh Apple PL Apple TV or whatever it is apple plus uh so we’ll have to wait and see whether or not that helps uh this

Particular stock it hasn’t done much I’ve been keeping my eye on this by the way you know Amazon is awfully close to the low of day it’s at 15057 the the low of day being1 14991 so it’s about 50 pennies 60 pennies off the low right now

But uh yeah and this is really interesting too because once you start competing with Amazon and apple and you you’re having to outbid them to get these particular names I’m talking about Major League Baseball rights national uh or basketball rights hockey rights you’re competing with somebody likely above above your weight class

Financially let’s be real about it uh these cable networks these traditional you know media networks they don’t have the same buying power is these mag seven names and so you you know that hurts them that hurts them it in a direct way like I’ll give you an example about sports in

Canada Premier League was always on regular cable we have something called TSN here it’s like very similar to ESPN sports network very similar to whatever uh you know NBCSN for example both of those lost the Premier League rights and both of them lost Champions League rights in order to get Premier League

Here you’re going to need fubo and then to get Champions League you’re going to need Doone so these traditional media companies are really finding it difficult to stay competitive with uh with having to compete with these um with these monsters essentially and so Amazon adding this to their Network as well so

We’ll have to wait and see what happens there and did you remember what you want to say oh yes I did thank you sorry about that there I was just like stammering over there yeah I think what I wanted to say with regards to letting your profits run I think scalp oh I

Think that was off that news right what news um Apple got news right now I thought it was the Amazon no okay um oh antitrust here it is okay Department of Justice prepares to file Apple antitrust case as soon as March we knew that the anti trust case was coming right we

Didn’t know it was going to be as soon as March now we have a DAT okay yeah that yeah apple like fell um oh my gosh like quite quite a look there on Apple we’ll have to see if if it um how it does there that’ll be an interesting

Case to follow I think to that antitrust case with all the anti-c competition antitrust cases it’s an election year though that’s the funny thing about this right so we have a Federal Trade commissioner in Lena Khan right now is she going to be the Federal Trade commissioner come next genan love to see

We’ll have to wait and see right we got May Garland at the Department of Justice is he going to be the Attorney General next year we don’t it was mayor Garland who brought the uh the who was it this morning we were talking about uh the the

Antitrust case I was talking about it this morning oh my gosh yeah give me a second here I have it in my notes but it was mer Garland it wasn’t I blamed Lena Khan for it yesterday it was it it was mer Garland uh I I don’t know who it was

Right now but uh that the point is oh I know what you’re talking about it’s an election year yes yeah that’s all I want to say oh um Sky the airlines the airlines was it the airlines Jeff blue and safe thank you yeah it was May Garland it wasn’t Lena KH bringing that

It was Department of Justice that’s interesting yeah yeah know so so what I was going to say too is I think I mean like well I’ll put it this way L con certainly made a name for herself um and she’s she’s a very she’s very present

And we have yeah oh yeah I just don’t agree with her on most things she’s very young she’s very successful I think um props to her uh she certainly has like a very strong kind of personality on it we’re going to have to see how that goes

You’re right next year I didn’t think about that it might be too like you know uh just right because it’s election year it might be just like oh let’s make sure this apple case gets seen right I think that’s that’s probably what’s happening but I think it’ll be very interesting

Case to follow I will be keeping an eye on it also I think what I wanted to say too with regards to um the fomo aspect that I and I touched on this a little bit earlier too but I think what I like about scalping as um opposed to letting

Profits run is cuz if I let profits run and I get out too early then I might get fomo you know what I mean and then you might get involved later and it kind of uh downward spirals what I like about uh scalping is like I said it’s so heavily

Planned especially you when I say scalation uh because it’s so planned even if I take out something for like say a dollar and then it runs further I’m not going to feel like I missed out on anything because it went according to plan right with letting profits run even

If you have area set up sometimes they’ll kind of fly below or Beyond or sometimes there isn’t an area sometimes you just get involved in a dip and then it goes to a new high of day that type of situation I find a little bit hard to

Control and that’s why I find scalp scalping to be really helpful and to kind of help quell any fomo I may feel from doing like um let your Longs run or let your let your trades run type scenario also yeah I’m just watching Microsoft around this uh 388 25 area uh

Support from earlier if we break this I think this could be an interesting um short I would probably take it to around this 387 area uh little bit of profit see how that goes um in the Sim so yeah paper profits there but yeah I think like either way we’re holding this 388

25 area so well that I think whatever we do in direction will be of interest also meta does not want to stop oh my gosh I keep thinking like meta keeps acting like it’s kind of changing its mind about this range and then it continues

Within the range so we show see what we shall see here really good look on this one um on meta if if there is an opportunity to get um back in here on the way down from that 36650 36660 um I might be interested uh some a lot of people asking about

Tesla yeah RP Tesla like we fell out of that wedge decisively with the viciousness uh now we’re at this um bouncing off that 212 even now we’re at 212 uh almost 21250 let me look at the daily for better sense of levels here yeah okay this is interesting so I

Mean we have we we kind of had this this a couple gaps up around here um November 13th when November to remember was beginning um kind of an interest also this area is another we kind of chopped and turned around in in late October right after Tesla initially fell off of

That earnings that 10% drop in a day it’s not a Super Key level I don’t think almost a double bottom though cuz we double uh we had another bottom here in November 207 not quite a double bottom almost a double bottom either way I think you know could be level here on

The day I would mainly though just keep an eye on um the book here and the tape I do like how we’re holding this this 214 uh or 21250 on the book is this BTS could be of interest that do you know BT you I don’t listen to K-pop yeah I don’t

Know either one of them looked Vaguely Familiar uh guys the Samsung event has begun uh here we go uh looks like they’re announcing a phone here wow five cameras that’s a new one there don’t uh is what what’ you say ram ram always they’ve always had five cameras shows

How much I know about Samsung yeah I think that that’s I think that is BTS that guy that guy looks familiar to me that’s BTS that blond guy so anyway they’re they’re showing they’re showing off the camera the Samsung event is underway guys again not one that we

Typically trade on the show Samsung trades OTC right they have an OTC yeah well I assume they do as well so uh there’s I don’t know who this individual is over here but he’s making the presentation I can’t hear anything that’s being said but yeah we’ll keep

We’ll keep watching right now uh as yeah we’ll keep watching the Samsung event important stuff though important stuff for for technology nerds like myself I’m always interested in like what the new technology is cuz it puts apple on the back foot if if they can outd them technology

Wise I just find this ad really disconcerting with the talking paintings that’s all I’m making faces at the technolog is really cool I this a very interesting ad strategy I shall put it that way although I do love that maybe gine are able to just put it in the

Middle so we can just right here they they stay undefeated ram ram and uh the Chile nightmare for sure always it’s a great it’s a good looking phone I mean I’m not going to jump ship you have an apple or you have an Android I have an iPhone 8

Um I’m very behind but I have an apple yeah yeah let me ask you something are you sticking with the iPhone because of the ecosystem do you like the fact that there’s iMessage and FaceTime and all that stuff that comes with it yes so I mean this is going to lead to the

Embarrassing reveal uh you you know this I do still have iTunes I still use iTunes so I need I need my Apple for my literally download the song like last night I was like oh I really like this let’s walk to this on the way to work

And I yeah downloaded on iTunes last night I was like let’s load up my iTunes card so I mean I am so so reliant on iTunes as embarrassing as that is that I I kind of don’t think I could switch from Apple I have to say plus I like uh

The system but I I have the type of iPhone that’s so old I still have a home button so I should probably get a new iPhone but I do like um the whole Apple situation yes some people be iTunes that’s crazy yeah I mean I like it so

You moved away from home you’re from Winnipeg is that something that you uh use to stay in contact with fam are you on the FaceTime oh I’m on my sister and I FaceTime semi-regularly and watch like bad Netflix shows together right so there you go I like that watch parties I

Like that yeah some stuff like that right so it’s like I feel like you do kind of need um some of that stuff I also like IM message like communicating with my my friend moved away so we can use IM message to communicate send photos that type of thing would that be

A detracting thing for you if I was to say look Dara uh I can give you 50% off this new Samsung phone uh would you be quick to jump ship my or are you loyal to the ecosystem well I think too I I spent so many years without an iPhone

Cuzz I had a Motorola grasp and I also had a Sony Experia and then I got the iPhone very into high school so I’m not I’m not really sure I do like the look of the Apple products I also like that I have all my notes like I find the note

Taking system there really good for writing if I’m on the go I I think it honestly I’m so like slow to technology I’d have to learn a whole new system I think it’d be too much effort it depending on the discount I’d have to maybe consider but I I like the iPhone

Too much I’d probably say no I’m going to have to Echo that um for me the Chile may just said in my ear he’s like the Apple ecosystem is to die for I think uh putting in quotations there shout out to him guys um we like we love them as

Sponsors but today their stock is hurting and roma is absolutely tanking guys this was over $5 today at one point we are now knocking on the door of that $1.5 area on R it is down 60 and 23% we were talking about this one at

Two bucks two bucks tried to hold uh for a little bit and then it didn’t and then it acted as resistance when we broke down below two we tried to make our way above two into uh above the 50 period moving average only to tank right back

Down and now we are knocking on that half dooll level again yeah sad say man what a short Roma could have been and I can’t I can’t agree with you uh I can’t agree with you more sad it definitely was down into the right today uh you can stay on the chart let

Me just zoom in and show everybody here this is what I’m talking about once it halted up it popped right back up above Five Guys so was actually positive on the day ever so briefly there’s been three halts to this bad boy three have been up one has been down you wouldn’t

Been able to tell that if you looked at the chart just offand like that but it actually has halted to the high side three times only to lose both almost 61% now so Roma continuing to head down here for anybody interested in the small cap gappers let’s look at the um the mag

Seven names as well as the fut cuz the f is coming back down now har it has really kind of cleared 168 168 is a distant memory at this point cuz now we’re down into the 167 fours so bit of a I don’t want to say double top there

But it’s been lower highs on the fut all day we have’t been able to break any of these crests even with this latest attempt whether we not we get a lower low through the break of 700 we’ll have to wait and see some of the stronger

Names have start to give up some of their profits I’m talking about you softy you Tred to go break even I give you a for effort here a valiant effort to try to break through that 390 but um double top on softy near that 390 and

Here we go right back into that 3872 below vwap right now on Microsoft uh several 5minute candles down Apple off that um antitrust lawsuit news kind of Tanked was at 1825 shot right down to 181 to third now we’re moving back up trying to reclaim 182 I don’t know why the market selling

That particular news it’s all we got today was the fact that it’s going to be as early as March not the fact that uh Department of Justice or the Federal Trade Commission whoever it’s going to be is going to an anti trust lawsuit against Apple we already knew about that

So yeah Tesla just made a new low day I don’t know if you covered that Adera but we’ve been talking about Tesla being awfully consolidative and now that I’m looking at it it’s been making lower highs and lower lows Al albeit you know not by that much so

This is what I’m talking about over here the red line the red squiggly line not the dot line is the 50 period moving average and every sing single pop into the 50 period has been sold off on the day we just made new a new low of day right now

21201 Alfred is probably at work right now salivating and thinking about how many shares he’s going to be entering in here he’s been very excited for Tesla to come back down he’s one of the few bulls that I see get as excited as he does

When a stock comes down shout out to him yeah you think the Bulls would want to see stocks go up no he’s like no no no no no I want to BU wants to buy cheaper I want to buy more and he goes like like possessed there he’s so into Tesla I

Love that right um yeah so we’ll have to wait and see 21201 uh the low of day on Tesla let’s go to the 4our here and see what the look is on Tesla when was the last time we were at these levels on TSLA and we

Got to go all the way back Adera to November uh mid November was the last time we were at these levels the October low there remember the uh oober oh yeah remember this guys oh my God this is such a cute one it ended up being

Nothing of the like end up being down toober yeah the Chile nightmare had to do all that work uh he ended up jinxing it he says in my ear yeah yeah I mean no November was was the month to remember but it wasn’t up Tober it was down til anyway make a long

Story short this is where we bottomed out on Tesla in October we got that 195 area 195 I I would say definitely keep your eye on 200 before you keep your eye on 195 Tesla awfully weak off these local highs here at 265 what a move down

Yeah I mean that’s a way of putting it I was like I’ve been eyeing that that 21275 area uh because we had a lot of top and turn there initially that does mean it did coincide with where I left the long as well but that’s not even the

Point like I left the long there because it was It was kind of confluency there if that makes sense um but now we can’t really hold it like I’m just going to keep an eye we’re going to see what happens also speaking of levels that I

Did not take advantage of I am so sad that I I missed the opportunity to get involved in this Microsoft short at 388 25 because I said it’s holding 382 3 388 25 so well that I think when it breaks it will either direction it’ll be interesting alas it’s a short now we’re

Dancing with vop I’d like to see what we do with vwap if we go if we break below vwap I’ll probably um scalp short this to this uh three 8623 area cuz that was the next little um lower low from there if not I’ll probably take it long to

That 388 25 cuz that was such a key level I watched the tape on that it was like Rock Solid I am you know it the best way to com uh to combat fomo is to um do more trades um and to find to find a good trade to trade because the thing

Is you don’t want to be Revenge trading either right you want to find a good opportunity um and so that’s what I’m trying to do with Microsoft like just brush the Dirt Off Your Shoulders get back up and then find another trade right because y because like you’re not

Gonna you’re not gonna like gain anything from just being sad about the trade you didn’t take right so I think that will be that will be my take here on um on Microsoft um oh Apple I was seeing apple on my side chart and I’m like Hello Apple hola

Ola subcribe like And subscribe to me Apple about to go here I always say Ola to her now in her voice yeah I find I think she likes that giggle right no I think Apple bouncing off vwap is kind of interesting like we said vwap not always

Going to be level but when it is keep an eye on it um one bounce then we had another bounce I pity the fool that doesn’t hit the like And subscribe button you know what I just noticed about that he actually has the van back there the oh yeah the 18 band yeah

That’s a nice touch there by uh was that you or is that Chile nightmare that did that was CH no the choice of having the van in the back yeah so you you’ve been watching a team e Fabian he knows about a team he’s a little younger so I didn’t

Think he would know about a team A team’s like an 80 show is it not yeah yeah like I’m they did the remake movie and I believe like 2010 I want to say oh that’s why okay but I’m not saying that’s I have no idea how he knows it

But he’s like no I didn’t I know about it hey Rampage oh I forgot about that yeah he played Mr T obviously there uh m Beast right now is at the uh Samsung event guys he’s doing a little bit of a a thing there now there’s okay so if you

Guys are watching the samsell event Mr Beast was on that I’m not sure what product he was trying to push there but we’ll keep an eye on uh on that we’ll we’ll bring to you any important news that comes from the Samsung event it’s called Samsung unpacked 2024 in case you

Want to YouTube that Nema I am heavily shorting AMD all right Nemo let’s have a look at what our friend Amed is doing on the day AMD was an absolute Rocket yesterday in case you were just joining us on the day it was um as a result of multiple and list

Upgrades and uh I think it hit 8% maybe even a bit more at the highs 160 was a level that it rejected off yesterday looks like um our friend Nema now short off that 159 rejection that we just got a little while ago we are now Below vwap

In the 156 70ish area so below a day is 15440 so around that 50 Penny area 154 50ish I personally see us in no man’s land at this particular level I’m not sure where you’re short Nema it’s a great short if you were at you know 150 High 158

159 um person Rec L you know there’s no levels here um at least the last few days at this particular area for me to get too excited I guess maybe if we came into that 156 would be interesting to see if we could hold that level because that was a

Trough from yesterday but we were already broken below that today anyway shout out to you on AMD not uh not down too much given what it was up yesterday only 1 and a qu% in the negative today was well over 8% at its high I think it

Closed out the day some seven some odd per on AMD but somebody mentioned buou earlier and I kind of dismissed it uh because it was putting in lower highs there with a flat bottom at 101 but now it’s broken through that issue that it had earlier with lower highs lower Highs

Coming in here at 1:00 printing several green candles to the high side so if you bought bu off vwap when it’s touched it over here at that $100 183 you’re a dollar in the money now as it makes its way through through 18180 is looking to take that high of day possibly at

10207 um Chinese adrs were mostly red to start the day I think a lot of them have um gained a little bit since the Bell but weak economic numbers coming out of China um missing GDP by 0.1% there was also data release with respect to youth unemployment I got into that a little

Bit earlier so the market not liking Chinese adrs on the day but Buu getting a bit of a bounceback I was talking to Neil this morning uh before we went live and he was telling me about the Baba chart and we were talking about the you know the

Kind of the rotation that’s happened here between Baba and PDD and how they’ve kind of Switched kind of switched roles right so let’s have a look at what PDD is doing on the day PDD is down 1.7% but as you can see it’s well off

The lows uh right now we’ll look at the wider time frame in a second but yeah PDD breaking through that 140 trying actually using 140 as a great level of support and previously 140 had been resistance so when we popped up here on this bull flag at the open we kind of we

Held yesterday’s close or not yesterday’s close we held that 139 area excuse me and uh then ended up breaking through 140 which was an obvious resistance level and then once we broke through 140 we held it as a level of support So resistance becomes support here and here we go we’re curling right

Back up possibly taking that 141 area we already got to 14150 so that’s a high of day but off that 75 pennies at the moment as we uh wind down the show Adera about uh 7 minutes left yeah I mean I I want to take one last um scalp for the

Road here on Microsoft but unfortunately I did not get a fill the goal was to get in at this 38730 area and Microsoft just said um nah too busy flew to the high side now we’re at 38770 if there’s a little bit of a pullback here around

38750 I’d like to get get involved but Microsoft looks like it does not care about my feelings as as stocks tend to do and I I would I think uh possible area resistance for this could be that 38840 388 25 area like I said watching

The book when this was at 388 25 was crazy like it was it was Rock Solid and then it crashed so I think 388 25 for whatever reason seems like a psychological level for Microsoft I’m going to keep an eye at it I’m going to

Stay apprised and if I can find a tiny point of entry here I make get involved in the last five minutes um Nvidia lot of people mentioning Nvidia over here um yeah Nvidia uh breaking kind of above here we’re getting uh above that 577 which kind of had a hard time breaking

Earlier we broke it decidedly with the Vengeance got just above 558 so clearing this other area here um this kind of double top clearing that and then uh going below here uh now we’re still getting another nice pop at this 557 we’re going to see what we do at 557 if

We go above 557 I think decisively clearing that 55 850 area could be of interest then of course 560 is going to be the next top here just kind of looking at at the tart and seeing what potential areas of resistance maybe Nvidia seems a little bit confused

Though but what it wants to do when it grows up so we’re going to have to see oh Samsung event looks like it is getting going yeah it is they’re like showing off the new graphics processor on that what is it called now the uh some 24 the Samsung what do they call

That the what’s the Samsung’s phone called again um galaxy galaxy 20s 24 yeah yeah yeah they’re showing off the graphics processor there so just watching the event as it unfolds again really not much of a tradable event but good for technology guys apple back above 182 here as we uh kind of retrace

A little bit to the high side um from that big selloff that we got on the antitrust news it now bounces off vwap broke vwap ever so briefly but Apple still decidely down on the day 84% here I don’t really have much to look at I got to tell you the truth

Except watching Roma continue to tank to the downside it’s trying to hold that half dooll level there isn’t much size here on the bid to kind of prevent us from tanking below 150 not that I see anyway the first time the first area we run into size is at 146 so now I’m

Looking at the tape here to see whether or not um we’re getting any prints below 150 and one thing I just wanted to digress a little bit here because I gave uh we gave a lesson last week about level two and one of the tips that I completely forgot to mention you guys

Was the using of multiple level twos now it’s going to be based upon your platform’s compatibility not all platforms will allow to use multiple level twos the purpose of using multiple level twos is once the tape really starts moving or the book starts moving aggressively you can filter out small

Size so that you can only see the big-sized order coming in so you can see where you know the the players the the big players are you can do that both on the tape on the level two uh sorry the time in sales and on the book on the

Level two itself the market depth and remember when I was telling you okay like when you’re looking at for a breakout trade like let’s just say 200 on Apple once the price approaches at1 19980 $199.90 the tape and the book are going to move very fast in a way that’s going

To be hard to read one way to slow that down down is to actually filter out you know for example I can filter out all the orders that have uh that are less than 100 Lots I can filter on the on the level two I can filter out all the

Orders that come in on the time and sales that are less than a thousand shares so that way I can only see the big orders coming in and I can have multiple ones I can have my regular level two on the side then I can have my filtered level two so that’s something

That you guys may want to explore especially if you want to hone your tape reading skills and I completely negated to mention that last week I forgot how I don’t know how that slipped my mind but that Obie showed you how to do that amazing okay I think Obie showed us his

Filters on his level two okay good he got so into Ked it good because I completely forgot to mention the filtering of level two and again like if I want to do that on my platform my own brokerage I can only have three level

Twos up at any one time so I I would only literally only be able to have two trading screens one with two level twos and one with one p pro8 there’s no such limitation right you can have multiple level twoos multiple trading screens so make sure if you are really looking at

Honing your uh level two skills to look into that little trick yeah I know and I think that was really cool and I again like you know I think everyone’s going to have different trading strategies and that kind of ties to what we’re talking about today right I hope we all learned

A little bit about scalation and and scalping today I had a lot of fun um I ended up I’m just looking at the side here I scalped five out of the mag s today I didn’t even realize I did that so trying to take a couple more trades

Trying to learn as we go and so excited for what the rest of the week has to bring for more trading strategies and Styles um yeah I mean the market has been wild Tesla still trying to do something with its life I was going to say something definitive but I don’t

Even think Tesla knows what it wants to do so I’m not going to ascribe a meaning or direction to it uh still hanging out in this 212 275 uh 21230 21275 area we all have to see what happened thank you to bears versus bulls shed it to

Bears versus bulls have a great rest of your day and thank you so much as always for being here but for now we are going to kind of wind it down slow it down it is getting into 2 o’ but we will see you tomorrow as always same B time Same by

Channel but for now brendon’s at the big desk hey guys yeah 2 o’cl on a uh another red afternoon here shaping up just keeping an eye on bitcoin moving back to the downside a little bit right now but uh that’s