✅ -$300 Losing DayTrade Breakdown on AMD | TRADE #123

[Music] hey everybody welcome back to the channel so i’ve been gone a couple days i’ve been struggling with a few things i’ve got some new stuff coming up that i’ve been working on that i’m gonna release to you guys soon so hit that subscribe button turn on the bell notifications so you don’t miss any of it but i’ll capture the live trade today i want to jump into that with you and show you the ins and outs what happened today was a red day unfortunately it happens we got the pop got the drop on this one and then it just reversed and the thing that was really sad about this trade this morning on amd was that it looked beautiful it was setting up so nicely and then it just reversed on me and moved back to the upside stopped me out and then dropped perfectly so a tough morning to lose and give back one r but we limited it at one r that’s what we do so we always win bigger than we lose let’s jump into this and uh and check it out so i’m going to hit play here so what you’re going to see right away is i had that first 15-minute candle and you all know i like to eye that thing i look to like to look at the high and the low and in this case i was going to take this short below that low about 10 cents below the low and things opened up share started to climb volume looked pretty good and then we broke down pretty violently to start off and then i got another laggy fill and i’m going to get into that more in another video i’ve been struggling with td ameritrade and think or swim the fills have just been terrible over the past three to four trading days and really beyond that it’s just been like a once a week thing where i have to call in and get an issue resolved so i’m gonna tell you what i’m up to i’ve got a lot of stuff in the works right now that’s why i was gone on friday and monday and um i think it’s gonna be pretty exciting and i think you’re gonna like what i have to say and show you so just kind of hang tight with me but with this trade you can see right here i’m already just feeling weird because 300 shares came in then 785 shares come in and then it’s just you know i’m still not even full yet right here um and i’m just slowly trying to wait to get filled um we’re up right now in the partial position by 88 and we start to push down and then right there we’re full so we’re full took um took a decent amount of time to get to get full but we’re full up about a hundred bucks and this thing starts to push down and you can see we’ve got some possible resistance zones over here we’re also going to hit the whole dollar at 93 bucks i’m going to come in here i’m going to edit my order my stop loss because i want to move it down to 2r once i see 2.5 r on the p l and you can see now we’re up about 250 280. it pushes down ultimately to be up about 340. and we were looking pretty good i need to see 750 on the p l in order to move that that stop loss so i’m just waiting on it waiting on it waiting on it but we’re hitting that whole dollar it kind of got hung up and ultimately just kind of bounced away from it and then just reversed it tested that level and the unfortunate thing was and i’ll show you on the candle action here in a minute that it was a really wild wick that got me but right there you can see stopped out 1200 shares at 93.46 i had a 25 stop in place that’s kind of standardly what i use based on my back test data of a few hundred trades so today we lost one r it’s okay it’s christmas i know you know volume can be a little weird the week of christmas especially getting closer to thursday so we just kind of take it in stride um i think that amd still has a lot of potential and i want to flip over to the charts i just want to show you on amd if i go to the 15 minute chart the thing that keeps me excited here is yes this didn’t work it backtracked on me if i show you the one minute chart you’ll see exactly what i’m talking about so it opened up i got triggered we went short and then look at this big wick just came all the way back up took me out and then reversed back down and i know this is nothing new for any of you we’ve all been wicked out and then it moves in our favor it just happens it’s part of the game then your broker’s not hunting you it’s just it just happens so if i go back to the 15-minute chart you can see in here that you get back to where i was that if i come back here it was a beautiful drop and it ultimately ended up going a decent amount i think this would have been a four possibly five hour day but we got wicked out and it didn’t quite work but if i rewind to yesterday monday check this out this was a i had a major fill issue major issues with td yesterday so i’m not going to get into that right now i might make a video on that in the future but one thing i wanted to show you from this trade or from this trading day was the step-by-step bar by bar potential that was here now i got stopped out on this trade but look what happened it dropped then it hung around dropped this one closed so i would move my stop loss to the high of this candle then when this one closed i would move to the high of that candle then when this one closes i’d move to the high of that candle then this one closed i’d move to the high of that candle and then depending on your rules if i’m beyond a certain number of r values like i would have been down here i give myself authority to just take the trade off if i’m ever in excess of 5r i give myself the liberty to just take it off and so i probably would have taken it off somewhere on this candle then this one came in and would have stopped me out if i would have left my order my stop right above that candle but this was a gorgeous day and i did a calculation on it if it would have been like if it would have behaved a little better and been a little more smooth it would have been a little over 11 hours on the day which which is an amazing amazing day so that one was frustrating on monday but it’s part of the game and then today took a one hour loser so right now i am down 2r on the week my r value is 300 bucks so we’ll see what happens tomorrow i’m hoping we can get more action in amd but maybe a little smoother action we’ll see what happens on it and also this morning that was kind of strange one thing i didn’t like was the pre-market action was just blah there was nothing happening in here the day before you can see we had some activity it was actually looking good but this morning it was just i mean amd typically later in the morning they won’t put in these dashes as often like if you come back here i mean there are no dashes in here and the dashes just mean nothing happened it just basically opened and then closed at almost the same price if i look at the range on this it’s zero yeah dashes are are no range so kind of strange pre-market action but anyway i always take the last 15-minute candle make my decisions and it could have worked it just wicked me out and got me so that’s the trade recap for today i want to hear about your trades i want to know if you were green if you were read what your plan is for the rest of this week and if you got value from the video i’d love to have you subscribe hit that like button if you learned anything from the video or if you just appreciate seeing trades um we back at it again tomorrow again i apologize for being gone last couple days i’ve got some great stuff coming i’m excited to show it to you we’ll see you next time [Music] you .