- You can say, I covered a little bit more about $97,
which, you know, I will later regret.
You can see, right now, we're failing the 110.
We're slowly dripping down
from the higher day of 114.
$15,000.
Having trouble holding 110s now.
So I close the Coinbase short.
Oh, it's gonna halt to the downside.
When you're shorting the front side of the move,
it's always better to let it set on your top
and use the wick, the High of the day as your risk.
(upbeat music)
In this video, I'll be showing you my live trading.
Showing you my complete process
of my trading entries, exits, scalping,
using indicators, as well as real profits and losses.
So you can watch and learn from my trading strategies.
I've been a day trader for more than eight years now.
And I've been on YouTube for almost three.
While I have made hundreds of videos,
teaching beginners how to start day trading,
my trading recaps, and exciting video,
such as my recent trip to New York Stock Exchange
and the interview with the Einstein of Wall Street,
Peter Tuchman, and many, many more,
one of the most highly requested video from my audience,
you guys, remains to be live trading.
I've mentioned this in the past before.
I'm not really a fan of live streaming trading on YouTube,
same as copy trading or buying and selling alerts.
These are something I'm strongly against.
And for many reasons
that only the more experienced traders will understand.
If you are a brand new trader
and you love these live stream alerts,
yet you are having trouble becoming profitable,
that might be why; just saying.
If you are not sure what I'm talking about,
then look up market cap, float and float rotation.
While I do not do live stream trading
I'm fine recording my trading screen.
That's what we're doing in this video.
We'll be going over some live trading
on large cap and small cap stocks,
on the long side and a short side
with some real profits and real losses.
Let's dive straight into this.
So the first stock we're looking at right here is Coinbase.
I took it on the short side.
This happened on August 4th
and this is a day where at pre-market
there was a release of a catalyst
that Coinbase is partnering with BlackRock.
If you guys know Coinbase, they are a crypto exchange.
And this partnership with BlackRock,
one of the biggest asset management company in the world,
this is a huge deal.
And you can see pre-market,
the stock rallied from about $80
all the way to over $100 into the open.
So, and this is about three minutes after the open.
You can see, I took some shares on the short side.
I already cut some for a loss,
for about $3,600 of losses on Coinbase.
And now this is just, and this is just, you know,
a couple minutes after the open.
Now my thesis into this is that a lot of times
when we have these parabolic moves into the open,
especially on large cap stocks,
and on Coinbase, that's been like down trading for so long,
when you have these kind of huge breakouts
toward some daily resistance,
usually you're gonna be met with some filling
and some major pullbacks.
And so that's my thesis into this.
So I started in some short around 110s
into Coinbase on the five-minute chart
seeing how the stock is gonna react to the higher day.
When you're shorting the front side of the move,
it's always better to let it set on your top
and use the wick, the High of the day as your risk.
So you can see this thing tested at about 114
and now it's hovering around 111, 110s.
If it starts to consolidate,
then I'm gonna have to cut it for a loss.
But now I've only started into this trade,
about 1,500 shares on the short side,
with an average about 110.
And I wanna see whether it holds 110
or it starts breaking down towards VWAP.
On the left end side here,
this is my Discord for my Humbled Trader Community.
And now you can see on the five minutes here,
a higher trade is,
I usually have a five-minute chart at the bottom.
And then when the stock is really volatile,
like in this case, Coinbase,
it's volatile when the stock went from 80 to over $100,
116 is the higher day.
This kind of range.
I wanna be using the two-minute chart on the top.
So when I'm trading,
I like to have two minutes and five minute,
kinda, you know, closely together
for me to observe the price action.
You can see, right now, we're failing the 110.
We're slowly dripping down from the higher day of 114.
Having trouble holding 110s now.
You can see I'm, you know,
I have my mouse on the short button,
trying to add into the weakness here.
No adds here, 'cause the spreads on this thing.
If you look at the level two,
the spreads on this thing sometimes would be 20 to 40 cents.
It's a little bit tough.
Oh, it's gonna halt to a downside.
So this thing actually halted to the upside,
it was, you can see,
it's trying to halt to the downside right now,
really, really volatile.
You can see, I added some.
Now I have 2,000 shares.
I'm always really cautious when adding into a halt,
both to the upside or downside,
because you never know what's gonna happen after the unhalt.
And for those who are not sure
of what volatility halts are, these happen.
The exchanges hold the stock
when it moves up or down more than 10%
within a five-minute time period.
And you can see now we are halted to a downside.
I have 2,000 shares short at 109.50.
So usually when I'm trading, I have one main watch.
So for now it's Coinbase on the short side,
but you can see, on the bottom left hand corner,
I have a couple other positions open as well.
These kind of live trading commentary videos
take me a long time to make,
to record and to obviously to comment,
and to show you guys both the wins and the losses.
So if you appreciate this,
make sure to drop the like button
if you wanna see more like this in the future.
So currently,
with all the small paper cuts I've taken
on some of the trades,
I'm down about 5,200 on the day.
So stock is unhalted, we're now at 105.
And after the unhalt,
I'm looking at how the stock reacts.
If it's gonna get bought up really quickly
and reclaim that yellow line, VWAP,
that's the indicator I use,
if it's gonna reclaim quickly for a huge bounce
that's gonna show me some strength
and I'm gonna have to reassess
whether I wanna cut it or not.
Or if it's just gonna break down just like this.
So you can say I covered 500 shares, just to be safe.
I covered some at 102s,
but I'm trying to hold the majority into more weakness,
for the $100, whole dollar mark breakdown.
Now the one thing I really regret
is covering so much around 101s.
In hindsight,
I really wish I just covered 500 shares
and left the rest right out,
because you can see it's really, really weak.
After the unhalt, this thing breaks down VWAP.
And, you know,
if you have watched my VWAP strategy videos in the past,
you know that how I use VWAP
is using it as a kind of like a sentiment shift.
Seeing whether the stock
is relatively strong or relatively weak.
The action is just very different
from what it was like running into the open.
You can see the stock
can barely bounce after it breaks down VWAP.
(video reel whirring) (fast speech screeching)
Now fast forward.
Now this thing is really breaking down.
You can see I had a tiny, tiny add around like $100-ish.
I added to, I added 500 shares,
which I really did feel like I chased a little bit,
but still decent, you know.
That's why I'm covering that little add
really quickly around the $97.
So now I still just have the remainder 1,000 shares
after I covered the 500 shares around $97.
And now the stock is starting to bounce.
But again, once again, when,
on these like really huge moves into the open,
despite the positive catalyst,
despite the high short interest on Coinbase,
you know, if this thing cannot hold VWAP,
that's relatively weak in my eyes.
You can see, I covered a little bit more about $97,
which, you know, I will later regret,
but now I just have the remainder of 500 shares at 106.
And you can see,
I locked in most of the profit on Coinbase.
You can see a lot of trading
is just to let your winners work,
once you are in a winning position.
So after, really, after this, I'm not doing much.
I'm just kind of watching this, you know,
still scanning for other stocks
and still talking to members
on my Discord, Humbled Trader Community.
So you can see now,
I'm trying to cover up the rest of the shares
on the reclaim at $100.
So I covered now rest of it.
I have about 70 shares that didn't get filled.
And you can see I'm all out.
So I've closed the Coinbase short
for a total of $1,500.
Sorry, not 1,500, $15,000.
I have some more live training tickers
that I wanna share with you guys,
both on the profits and losses side.
But at this point, if you find this video helpful
and if you wanna see more live trading commentary like this,
make sure to comment VWAP down below,
and I'll make more of these videos for you guys,
if you find it helpful.
So the next stock we're gonna be looking at is PayPal
on the long side.
This is a trade that took place on August 3rd, I believe.
And this is actually a losing trade.
But don't worry.
I'll still be sharing you my thoughts process
behind on this losing trade,
my entries, exits, and why I stopped out,
and how to minimize your losses if you're ever wrong.
So PayPal, this day, you can see
actually gapped up from prior days close of around $90
all the way to 102, 103s.
They had really good earnings.
They beat up all metrics that we care about.
Earnings, guidance, revenue, and the outlook is really good.
So that's why I, you know, was more bullish on PayPal.
Now, after some long sell off
of about nine minutes into the open,
this thing sold off from, you can see up here,
from 102 down to $99.
And that's the area I'm watching.
I'm watching whether $99 or 100s is gonna start holding.
It's gonna start making higher lows.
On the five minute chart,
I'm gonna look into enter on the long side for PayPal.
You can see I'm stalking this.
I'm looking at, switching between the two minute
and the five minute now on PayPal.
This is the five minutes.
We finally have the first green candle holding $100 mark.
So I'm looking to get long.
So now we have the first, you know, you can zoom in here.
If you can zoom in, you can see here,
this is the first green candle on the five minutes.
That's really bullish.
So I got started in one 500 shares
at, average, about 173 on PayPal.
And now I wanna see the stock reclaim over VWAP.
Once again, VWAP is a very key indicator for me.
It's the only one I use pretty much.
And I wanna see it reclaim over that to become bullish.
And while we're watching this trade pan out,
a really common question I get people asking
is how do we know
if this is paper trading or real money?
Now my platform is DAS Trader Pro.
You can only hide your account number down here
with the alias, with a star, 1, 2, 3, 4 stars,
if it's a real account.
If you don't believe me,
go to DAS Trader and ask the support.
If it's a simulated account,
you're gonna see TR, for training, 1, 2, 3, 4.
You will not be able to hide your account number.
So that's a really simple way to know
whether it's a real account or a fake account.
You can see this thing, you know,
still having trouble reclaiming VWAP.
And now it's sold off from 170 down to around 110.
And I'm still in waiting for PayPal.
I'm still trying to be patient.
I'm only gonna add on this stock on this position over VWAP.
And, yes, you can see I'm down on the name,
down about 70 cents, but I'm trying to be patient.
And now I'm looking at adding into the position.
The stock had consolidated enough off at the $100 mark.
I'm looking at on the five minute and two minute,
seeing whether the stock is gonna reclaim
over that same VWAP indicator we talked about.
I like the weakness getting picked up on PayPal.
I'm trying to add 300 shares at around 150, 146.
And I have my Discord community open
with my Humbled Trader Community.
Always trying to explain my thoughts process
behind my entries, my exits, and what I'm looking for,
for the potential price target and what my risk is.
So in this scenario, I added some shares around 140.
So now I have 800 shares at 160.
And once it gets over that VWAP area,
I wanna add more into it.
I wanna be adding into winners, right?
Adding into confirmations if I'm long
and adding into the breakdown, if I were short.
But PayPal, I'm looking to add into this winner.
And if I add into this,
then my risk would be the breakdown of that VWAP area.
And you can see I'm trying to add more now.
I added a smaller share size up here around 180.
I'm trying to get filled.
Again, my price target is 102 and above.
I'm risking below VWAP breakdown,
which is the below the 160s mark.
So I'm keeping my wrist still relatively tight on this.
(video reel whirring) (fast speech screeching)
So we're up about one grand on the stock,
$1,100 now as the stock test 101.80s.
I was just so close.
We're about like 10 cents away from my 102 price target.
101.90 as you can see.
We're looking good, you know.
I thought, you know, everything's looking pretty strong.
Queue, queue, queue at the time it's bouncing.
Same as a spike.
I really, I thought we're gonna test 102,
but you know, spoilers, we didn't.
And this one turned out to be a loss.
You can see that's a pretty nasty rejection right there.
From 111, from 101.90s down to 101s again.
We had that same rejection we saw earlier.
Maybe about like five minutes ago on the same candle.
We're seeing the same rejection again.
Now, you know, in hindsight, 20, 20,
hindsight, 20, 20,
I wish I had sold some into that rejection.
Seeing that we cannot retest the same 101.90s area.
'Cause I went from being positive,
like 1,100 on this name
to now I'm down about, unrealized, you know,
like a hundred bucks, which, it's okay,
because I'm trying to see,
we're gonna hold a higher low above VWAP.
And see whether we're gonna reclaim that area right now.
You can see PayPal, it's hanging out around my average
which is at 170 and it's really breaking down.
You can see it's now consecutive red candles
and all the red prints going through.
And this is the point where I, okay.
I realize, okay, I should stop out.
It's looking really weak.
You know, it went through my average.
Now it's 116 and I'm trying to stop out.
So I'm about to cut it here at 132
or I'm trying to scale out 500 shares at 130.
Telling everyone in my community that, hey,
I think this thing's gonna flush and break down.
And I'm about to get out the remainder for another loss.
You can see, I got all my position at $100.20,
and just see what happens after this.
I'm glad I got out.
So I got out of PayPal for about $400 loss.
Hopefully this live trading commentary
for profits and for losses helped you guys out.
And if you enjoy this video,
make sure to smash the like button, especially,
if you wanna see more videos like this in the future.
And if you haven't seen my exciting trip
to the New York Stock Exchange,
make sure to check out that video,
as well as my interview
with Einstein of Wall Street, Peter Tuchman.
Thank you guys so much for watching us always.
I'm the humbled trader and I'll see you guys next time.
(upbeat music)