IS MAKING MONEY BORING?

My target is approximately $0. 40, which is the same as my stop-loss 1:1 risk-reward. That’s the way I’m trading about take my partial right over here. Now. Just reach my target. It was a classic gap and go. A stock that is gapping up over 8%, actually over 3% is enough, but the bigger the gap, the more interesting it becomes, more greed drives it higher and TLRY just did the job and traders if you like this trade will really appreciate if you give us a thumb up it will help our channel, help more people like you watch day trading videos.

Helps the YouTube algorithm to find more people that are interested in trading. Now. let’s take a look at the rest of my trades today. Next trade is Spotify. SPOT, Spot. Now take a look at Spot. It’s it’s having a big big spread and that’s quite a big concern for me right now like 30, 40, 50 cent maybe more. I’m about to short it because I love the technical formation. Shorting now 4,000 shares, but look at the immediate result here and down $2,600.

Which is in fact the spread around 15, a little bit more than that. Now, let’s fast forward and see what happens there. You need to notice again the stock started with a big gap down. Earlier we were going for a gap and go long. Now we’re going for a gap and go short. The stock is down 7% Now, it is trending lower. I like the fact that the initially it came down and then he tried to move higher. The failure to move higher is very, very important.

It takes the buyers out. That’s the point where the buyers like to average down their loss. That the point where people think that they can probably go long and make a lot of money from a stock that is down 8%; catching a falling knife, which we never ever do. Now, it just reached my target. I’m up $14,000. Taking my partial right here. and that was an amazing trade. Now, the stock just came down to the lows. It’s very, very likely to continue down, as you can see it’s clearly trending lower.

Just remember; never catch a falling knife. If you’ve got a chance to buy stock that is down 8% make sure it’s trending higher - best - don’t touch it at all. It’s likely to move higher from the lows because there’s a lot of people who love to average down their losses. There’s a lot of people who think well it’s a great company is probably going to continue and maybe, maybe the next month maybe in two years from now, you never know.

Stocks which are coming down are not always returning higher. You need to remember that the only ones who really return our parents for children who got lost in a mall. They are the ones who return. That’s a traders joke, of course, but again, the idea is quite simple. I don’t catch a falling knife. Short it. Next trade. BABA. Well, actually I did not post BABA. That was Scott’s trade and Scott took it at $264. I’m about to join at $265 because the technical formation here is just absolutely amazing because you see it’s the same idea again.

That’s a gap and go. BABA is up right now over 4%. Now notice it’s just about to move to $265 and I’m about to click the button clicking here, actually did not move but about a move. Anyway, I’m going to fast forward it. Right now so you can see what happened there and the technical formation again in BABA is just amazing. And I’m sorry that it’s kind of boring because you know us day traders, we in fact do the same thing all the time.

We’re looking for the same pattern looking for the same ways to trade a stock, All you’ve seen me doing today is just gaps and goes one of them was long TLRY earlier, one of them was short and now the same idea again. Now BABA took some time you can see it just went sideways, but finally it has decided to move over the highs. And it’s about to do so. Now I’m still long four thousand shares. It’s just moving over the highs here. It’s a nice breakout formation.

And again, you always have to buy it before it moves to a new high the ideal in day trading is not to go exactly with the technical formations, you know over the highs but to expect a new move and here’s how it happened just moved over. I’m up almost one point right point right now one point taking my partial and that was a lovely long trade in BABA. Scott actually did better because it took it one point before me. And my last trade today, INO, INO is down five percent.

Now does that look familiar? Yeah, it’s kind of the same idea. The stock is down big way try to move higher, failed I’m about to short right here. I’m going to show twelve thousand shares in this one because it’s not a big mover. The stop lies at around 20 cents and my target is the same. I’m always looking for one-to-one risk-reward. The advantage of a 1:1 risk/reward is that I start with 50 Percent and if I do better, well, my average is 68 percent that makes me feel better.

If you go for a 1:2 risk/reward, usually your chance to succeed is less than 50% still make money. But you know your you know, your mental balance is a little bit different than mine. Now take a look at how INO behaves, now comes the big crash. About to take my partial right at this point because it just reached my target, again its not a big mover I’m up $1,600 as you can see here looking for the sign of a pullback about to cover going to cover 11,200 right now and just took my partial and it will continue coming down Now, does that all looks familiar? We always trading gaps and goes.

Does that look a little bit boring for you? Well, you know traders use the same systems all of the time. If something works out for me, right? Well, let it be boring. I’m still making money, right? So INO did very well. Now let’s take a look to my results. Well traders have been only trading for 36 minutes today. And here’s the results. You can see that I have one losing trade with I didn’t show you it was really boring X, but I’ve got one loser and four winners, which is a great result.

I also have some open trades here. Now, you may remember I was trading GME and AMC right recently and look at GM up over $20,000 in still going. I’ve been shorting it for more than 200 point just 100 shares and it’s just absolutely amazing. I just opened up my platform every day. And I love what I see and AMC is also doing good. So well, you know, these stocks are going to return to zero or close to zero and I do and I do expect to keep following them.

Well traders, thank you very much for joining and if you want to see more day trading content just to make sure you subscribe and turn notifications on so you will be notified of my future uploads and if you do like to trade with me and with my book and join my trading room, There’s a lot of free links right here below and we will really appreciate if we give us a thumb up and just keep safe and stay green. Thank you for watching. .