I must be crazy for shorting a stock that's up 160 percent am i insane
why would I short a stock it's up 160 percent watch the video find out why I
shorted a ez s find out how I made 290 dollars shorting so I was a little late
to record this but I ended up going short here on a easy s and it's going
down right now going down big-time I got a thousand
shares short there at 275 looking for a move down below that 250 area going to
cover here soon I'm up $250 right now I'm going to see if we get a little more
drop here getting really extended I got on there short you can see it got shares
275 a thousand shares looking to get below this 250 area got that support
there at 252 popping up there or going to probably cover here soon if it
doesn't want to drop any more because some buyer stepping up there a 252 area
there you go 253 now 252 on the bid looking for that below 250 area 255
holding right now looking for this drop want to get below 250 area we get that
crack below 250 get a nice sell-off down to 240 area a easy s getting some
resistance there the 260 area 1 and see if we can get this drop if not I'm going
to cover here at the 265 area looks like wearing a sell-off right here come on
now like to see this move back to that 240 area be pretty sweet 245 there we go
some selling right now getting some good selling I get to this 255 area I think
we'll get a nice drop after that break through this trend and there it is come
on one more drop one more drop to 40 let's go there we go 252 now so they
were just taken profit there at 246 awesome trade there on a ezf so a quick
rundown on why I shorted a easy s where I shorted that it was up a hundred and
sixty percent at one point holy crap that's crashed more so it was up a
hundred and sixty percent at one point it ran up here to 281 281 was clear
resistance it had previous support there had previous price action there a couple
months ago it dropped down it gapped down from 380 down there to 87 so it's
it lost $3 has some bad news going on there and that was kind of the chart if
you look at the daily chart it gapped up from a dollar now basically up to 279
that was previous support previous resistance so I was looking at that air
you're watching it very closely and look at it go now it's crashing but I'll keep
going so you can see AES people were sorting this all day long and it kept
shorting it they kept getting squeezed kept going higher cutting it all the
amateur shorts were doing this over and over and they didn't know what they were
doing and end up covering their emotional their revenge trading they're
trying to keep knocking it down and you can see right now it's going lower I
sorted it oh so they kept shorting this all day long they kept getting squeezed
it shorted at $2 I got squeezed sorted at 250 they got squeezed it shorted it
they're at 270 they got squeezed they shorted they're at 260 big out squeeze I
was waiting for a key spot 280 was a key spot to watch I was waiting for 280 area
when I got there I was waiting to see if it was on a crack it didn't want to
crack so then I was okay I'm gonna try to go short here I was washing 275 areas
ok 275 is balancing support right now if 275 breaks I'm gonna go short here I'm
gonna see if I get this drop back down below the 250 area possibly 240 like I
said in the video and you can see what happened it has a double top triple top
280 area got in short there at 275 got this first pullback all the way down
here to 247 in a matter of minutes and I guess I got greedy there I didn't
want to cover right away I thought we might get this move lower like it's
doing right now and it kind of bounced around got some support got some
resistance there bounce again ended up covering right here on this bottom well
you can see from there it's even going lower now it's down to 237 so so I was
going to lock in my profit they are making $290 there on that AE z s short I
don't know if it's really going to sell off that hard today I was just expecting
some kind of sell-off now that we got to close that resistance having some
problems there at that 280 area because the previous daily chart is seeing where
it's going on there the 280 or so I'm looking at those areas I'm seeing what
the story is with the stock the charts are story these are stories they tell
you where the stock has been where the stock might possibly go so that's we're
kind of looking at so great trade there on a EEZs making 290 dollars in about 15
minutes now it's going lower down to 238 down to 238 now maybe it pulls back down
to this 223 area that would have been a beautiful short it is what it is I'm up
huge on the day so far in the small account remember I'm trading with a
small account using sir traders using margin and taking profit when I have it
trading fast in and out taking profit not letting my losers run not waiting
and being stubborn executing them executing the plan I
entered this trade with a planet I entered this trade with a plan I entered
it to a tee knowing that the support was there at
2:50 and that's where I was looking to cover at and that's exactly what I did
so it worked out making 290 dollars they're happy with
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that fun stuff it always helps out thanks a lot I will talk to you guys
later