day trading live this morning making one trade this morning and kind of breaking
down this whole entire move what I was thinking from a start to the finish and
showing you guys my thought process showing you guys kind of my plan and
then kind of executing that plan and it worked out pretty good for me so stay
tuned see what went down live in this video so this morning I'm taking a look
here at GN w so g NW overall is in this down word trend it's gapping up this
morning but it's gonna be running into a lot of resistance on the on the daily
chart we got the 50 EMA got the 100 EMA and the 200 EMA up above it so we got
the 50 there at 3:20 the and the hundred there at 3:30 and the 200 there at 350
so I'm watching gnw like I said this downward trend look at this downward
channel here and I'm gonna watch to see if we can't get above you know get up to
this top of this channel for a possible short opportunity and then look to ride
this baby back down cuz you can see it's been hitting the top of this channel
multiple times and then pulling back from there so that's what I'm keeping an
eye on here 330 340 area I'd like to see 330 kind of just break and then look for
a short opportunity at that point see like a filter here at 316 small start
position getting 250 shares that's kind of the pre-market high right now and
look to add some more from there so that 316 area holding it down right now let's
see if we can get this pullback so our IOT making a move here this morning
bouncing around there up there to sixteen dollar area so G&W down there to
that 311 area see if this can break that 310 area there was some buyers something
up there 310 I'm looking for this to pull back through that 310 area from
there you can see the nine EMA the 20 ma everything kind of lining up in that
area right now I got the view out there at the 3:14 area so we'll see if that
view app turns into resistance there so G&W down there that 307 pre market
support now which is pretty much my profit target area there will see this
307 here you can break here look at the 5 minute chart you can see the gap here
this thing gapping up from the 275 area up there too
above $3 let's say I had a thousand shares right now I would have probably
covered you know half there at the bottom of this pre market low and look
at it now down there to 304 305 looking nicely so today the goal really was just
to find a stock that I could see a nice trend in like I said we're looking for
this downward trend here this thing gapping up their previous resistance
support there at the 316 area was looking too short into that or possibly
up in the top of this channel there at the 330 area and that was the goal to
kind of short the goal today really was to find a stock that I could identify
the downward trend like this find that channel and then look for that move
lower so that's what we got going on right now with G in W I would probably
look to you know get a couple thousand shares there at the 320 area if I had
larger size but today I'm just trying to play a little bit smaller and just kind
of let this trade work out and kind of you know really see how this goes
finding some support there at the bottom there the pre market lows so like I said
I probably would have covered I would have covered half if I had a larger
share size I only got 250 shares so it's not really worth it for me to cover half
right now I kind of let this one just kind of ride and see if we can just
break down there to the $3.00 area or below $3 you can see that pre market
support kind of at the $3.00 area you can see that 3 you can kind of see this
trend here pre market right there so we're watching kind of broke below that
trend now so we'll see now this is gonna turn into resistance there's a 309 area
you got the 90 may that's 20 you mean you got the 9 you may the 20 ma kind of
lining up right there at that resistance area so a couple things lining up there
got the V Web Filter the 312 area that's what we're watching right now see if we
get this the pull on down you so so it's looking like that trendline the EMA is
they're holding this down for now so that's looking nice like I said now I'm
looking for that move down there to the three dollar area this is working out
beautifully here there's that three dollar bounce bouncing all about $3 area
right here you'll see this is gonna break below $3 so looking here at the
channel we're right there in the middle of the channel kind of bounce in there
finding some support there on the daily view app will see this gonna break below
there I think we break below that three dollar area you might get a nice pull
back down there at least a 290 here yeah so a little balance there off a
three-dollar area there back up to that view a period up to the 90 mas getting
pulled back down finding resistance there so decent
selling pressure still holding this down you can see even have those rip from the
301 area back up there you can hit the you can see after this rip there from
the 301 area back up there to 309 hitting that view out there getting
stuck in all this EMA of that trend and then finding resistance at all of that
so I'm looking to see if we can get this break below $3 here and then kind of
call this trade as success so we're getting tight right here getting tight
there let's see if we can get this breakdown first 304 area to break here
much up out there at 305 call it a day on that one so from 316 down there to
305 not a bad trade obviously would have been nicer with more size but really the
goal like I said was just to kind of see this setup here and show you guys you
know I do have a plan sometimes it's not always just trading crazy stocks and
being a madman I know people really commented yesterday we're asking you do
you even have a plan do you even know what you're doing sometimes I do but a
nice little trade here on G&W obviously this is like I say I just kind of uh to
show a trade here I wasn't too worried about making huge profit on it really
was wanted to see kind of if I could call out this kind of trend breakdown if
I could so really for me it was just all about trying to see if I could find this
set up and then capitalize on it and really kind of hone in so there's a big
seller sitting there 306 right now maybe it's gonna bounce from there so maybe
he's gonna keep crashing but I like to just be done for the day honestly at
this point not much looking like it's moving they got snapchat moving around a
couple stocks move around this morning but nothing looking too hot right now
I was actually thing about shorting snapchat earlier but it looks like it's
on a tear right now maybe later on that this thing can find some resistance
there but right now snapchat is just making moves there from the seventeen
dollar area up there to 1870 nice little move there on snapchat a couple other
stocks move around God what else you got here are IOT
our IOT up there the $16 area multiple times kind of bounced on the way down
here no shares is short on this one this this was a stock that I thought would
kind of had potential today it sold a 500 million dollar paper look at this
gap and down there from the 27 well $27 area down there that's $21 so nice
little move there on TRNC so G&W finding that support there at the 304 area and
then breaking to the upside so I covered out a good time like I said I had small
size today wasn't you know hey I want to make a ton of profit day today was I
wanted to find one good trade this morning at open and then kind of see if
I could call it out there and see if I can isolate which you know it worked out
pretty good down there to the 300 down there through the $3.00 area which would
have been kind of my profit target anyway with this trade down there you
know maybe below $3 if it wanted to break but like I said I probably would
have taken profit there kind of at that pre market low at least half there at
the pre market low and then kind of put the rest on a stop there if this thing
wanted to start curling back up so G&W it's a slow mover it's nothing too crazy
the but still kind of was playing into this channel here see in this channel
they're thinking hey you know if this thing can't really break the upside I
think this thing could pull back and it did exactly kind of what we had planned
or you know kind of the plan overall kind of doing what we wanted to do
playing into this trend here and seeing if I could identify this trend and
execute a trade so I feel it's not always about making tons of profit
sometimes it's just about a you know kind of figuring out some things and
today was one of those days just kind of figuring out some things so I think I'm
gonna be done there and then uh I got I actually have this video that I'm
working on for my Mexico trip that I need to get done it's been a couple
months now and I'm slacking on the editing process I need to get that done
I got a did you buy a video done so I got a lot of editing to do I think a lot
of times like I said I spent too much time kind of focusing on trading and you
know I get stuck on the computer just looking at charts all day and not really
doing what I need to do sometimes which is finish up some other work and and you
know not always just be worried about what's going on the market but sometimes
just need to focus on other things this G&W trade was a nice little
confidence booster let's see we'll call it that a confidence booster even with
even only making $25 you know commision's it's gonna be nothing but
you know even just doing that just having a nice little trade there on that
starting to start the day out started to start the day out on a good note and
they make this little video for you guys so hopefully you guys enjoyed this video
like I said it wasn't about the profit it was about the trade and I think the
trade worked out pretty good down there to the 301 area $3.00 area so not bad
not bad so on that note I think I'm gonna close it out there and I'll talk
to you guys later on if you haven't already hit that subscribe button
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