day trading alive this morning making
some money breaking down a beautiful
stock I'm talking about a stock this
morning you're gonna see it here in the
morning F re D you'll see the trees
you'll see my entries you'll see my
exits but you're also gonna hear me
talking about why I'm doing what I'm
doing I'm also gonna talk about the idea
of why shorts were able to crush this
stock down today and also talking about
why you should be buying at certain
price levels so if you want to find out
all the secrets about day trading and
all that fun stuff
well maybe go watch it in my channel but
if you want to find out why I thought
this stock would do what it did I
basically predicted the future here or I
at least predicted how this stock would
move based on looking at the chart and
I'm gonna break it all down in this
video and talk about why I thought what
I thought so if you want to find out
more
make sure you stay to watching it fre D
right now before the market opens this
thing is up sixty-three percent you can
see Gavin up there from a dollar 70 now
up there to 278 I'm looking for a bit of
a pullback I like to see this thing pull
back down a little bit on the 5-minute
chart like to see this thing pull back
down there the 250s and look for an
entry at that 250 area so that's kind of
what I'm watching there's a lot of
resistance on this thing if you see
there there's that 278 resistance 3 -
all the resistance pre-market high right
now is 277 looking at the daily chart
here you can see all that resistance
coming up there that three dollar 326
350 it's a decent amount of resistance
above this stock from where it is right
now so they've gotta take that we got to
keep that in mind so I'm jumping in
there right there at 266 looking like
this 265 areas kind of holding this up
right now
if it breaks below 264 I might jump out
really quickly so just risking a little
bit there in case this does decide to
start running and balance off that 264
you can see which earlier it bounced off
264 and pushed up there towards 278 a
bit of a battle going on right here at
the 270's you can see that resistance
holding it down there 270 I wanna see
this can push through 270 here or I
might just get out of this trade not
liking how we're getting stuck there at
the 270's let's see if we can get push
up there a little bit higher to 71 I'm
gonna take it right there just not
liking how it's getting held down right
there and it's not to say that it can't
just go higher there but it's gonna have
to play
I'm just gonna play this one smart for
now and we'll give it some time if the
mark when the market opens we'll see
this can push above that 278 area above
this two 70s cuz right now are you gonna
see this is getting held down there the
top seeds camels - 72 - 72 - 72 to 74 so
a lot of selling pressure they're just
holding this down at that 272 area right
now so you can see this thing that's
battling right here at the 270's right
now again getting stuck there - 73 273
getting stuck in the tops of scandals
pull him back down there 264 now let's
see this 264 hours and a hold right
through there 264 something was clearly
going on there when this thing just
couldn't push through that resistance
wait til market opens and see where this
thing kind of ends up at not sure it
won't be buying right there
much up in there are 250 see if I can
add some more a little bit lower than
250 looking for this to push back about
250 s so got a nice little fill there
look at this a pot back above 250 s here
and mark it open just look for a little
quick pop bounce off this supporti area
there mark it's about to open here in 30
seconds I go mark about to open there
was the push above 250 here I'm gonna
take it right there get most of my fill
getting some of the fill there taking
the rest on that fill there 250
boom that's all we needed it's that
quick little pop making $637 there
what's up 800 the 260 push just wanted
to take the rest there or 250 s when I
pulled back there really quickly a
little dangerous not gonna wise all
dangerous but that was my original goal
this is my original plan if you remember
I talked about this a little bit earlier
my original plan buying it this 250 area
looking for this push there at open and
there it is up there 260 let's see how
this 245 area reacts
there she goes up there to 265 now 265
beautiful Wow
went over there 247 looking like we
might get a little bit of pop back off
that 246 area like there's a pop back
above 250 or just a quick little pop and
take it right there's quick little
hundred all there's another hundred
dollars a hundred dollars in and now
we're not looking for homeruns here
we're not looking for homeruns we're
just looking for in and out
opportunities as this thing is reversing
bouncing off those support areas or a
little pop back up and that's gonna put
me for 737 dollars on the day now so if
our IDI paying the bills right now
paying the bills so it's a pretty good
so there's a pretty good chance that
this thing can't hold that 250 this
thing is gonna crash below the 245 here
let's see 250 getting sold into there to
petite so holding too but he needs to
hold here 250 holding gotta hold that
make that higher low they're squeezed
back you can see this is you can see how
this is just getting held down there so
there it is 250 holding pushing back
over there 260 just like I talked about
beautiful big seller there are 260
getting eaten out or almost trying a bit
there's a lot of battle the battle is
real here on this one there's that
balance decide 250 area was a key area I
think of this would have if this would
have broke into 50 this probably would
have just started to get crushed there
back down there below 245 we can see it
held that to pity that 250 areas it's
always gonna be that kind of those less
whole dollars those half dollars always
gonna be kind of key areas mental areas
where people are like hey if this can't
hold it's gonna go through and a lot of
times what happens is people put their
stop losses there they put their mental
stop losses at those whole dollars was
half to all the areas for a reason
because it's easy because you're like
instead of telling yourself oh my
stop-loss is 252 no you're gonna tell
yourself my stop-loss is 250 so when the
stock is holding that 250 area that's
why we don't see that big waterfall
because everyone's sitting there going
no no I'm gonna hold I'm gonna hold 250
I'm gonna hold and they keep telling
themselves that and that's why those
whole dollars those half dollars are
always so important to watch and you saw
right there 250 holding so everybody
that was buying here everyone who's
buying in this area or they're chasing
this they bought up here they're
definitely looking at this like hey 250
is my last stop because also you're
playing like this you're playing 250 as
your stop knowing that there's a little
bit of support here so if this does
start to crash you're gonna be able to
have a little bit of time to get out so
you're hoping you're praying that if
this does start to crash it's gonna find
a little bit of support there so you're
able to get out for a small loss where
if you're waiting let's say you're
sitting down here and you're like I'm
gonna hold this until 245 245 is gonna
be my stop-loss area the stock could
easily go from 245 down there to 230 to
20 because it's not much support there
you're really looking at that 245 area
as like your lat
stop it you got to get out before hits
there a lot of who are putting their
mental stops they're putting their stops
at that 250 area knowing that that
half-dollar is that mental support and
let's see if it's gonna get tested here
again GeV Oh bouncing around there not
much volume only heard a thousand shares
trade it's popping up on the scanner
there we also got G EMP popped up on the
scanner out there 220 a couple stocks
popping up there on the scanner but
nothing looking really really really hot
right now
I want to see what happens here this 250
I want to see if my my idea is correct
if there's two bitty area breaks there's
this thing this get murdered here let's
see let's see
250 again pulling down there 251 all
right so that 250 air is holding a lot
we're trying to buy the dip there 250 as
well so just a lot of song especially
going through there look at that 250
area holding though 251 252 somebody's
buying there somebody's trying to buy
there and then that 250 there's that 250
support is it kind of hold big buy or
sitting there 250 trying to hold right
here
there we go 250 getting sold into there
it's still hold a 250 is holding to
petite if I was a gambling man if I was
a gambling guy if I was a gambler I'd be
by I would buy here 250 there's 250
bounce but overall it's not like in this
chart like I said that previous
resistance and then just all this going
on there so that's 250 getting sold into
there oh there it is through 250 now
let's see let's see how this reacts 245
if it starts to just keep on if this
just keeps on rolling off there
if it breaks - if it breaks to 45 we're
gonna see 230 easy here why it's so
important why is it so important to be
buying near that support area if you
were buying up here chasing this thing
chasing these green candles chasing
chasing chasing what happens right now
you be selling for a lost a lot of
people are able to find these stocks
they see the opportunity but they're not
able to grab it they're not able to grab
these discs because they get scared or
they don't trust the idea of this
support area they're at 245 250 this by
having these lines on the chart you can
see where the stock bounced out before
where the support is and where you
should be buying at buying in this area
is not a good place to be buying buying
buying buying bad bad bad pretty much
anywhere between 250 and 277 is just not
a good area to be buying and you can see
why does this thing spikes up there and
then just pull it right back without
support
area and having trouble there the other
day I was telling myself man imagine if
I just lived on an island somewhere if I
live like in Tahiti and I made a hundred
hours a day day trading every morning I
made a hundred dollars and the rest of
the day I could just chill
I can go surfing I just do whatever I
wanted because $100 a day living in
paradise that would be easy money and I
could just basically live I got to be
happy sometimes just to take profit when
I got it
Samara dollars and seven hundred dollars
before nine forty five is never never
bad never bad at all so I'm gonna take
it there the big issue for Fri D was
there was just too much resistance
overhead what it does is it allows the
shorts to really have a area or a range
so they can base their trade and really
they can load up heavier so if I'm a
short and I see that 277 s holding it
down there I can load up I can load up
the boat here at the 277 s and look for
this to crash knowing that that
resistance is right there 277 seeing
that there was a lot of resistance there
I think if this would have broken above
277 there free market we would be having
a different discussion right now at
least we got that push towards $3 but
the shorts all that 277 area was holding
it down there so it's much easier for
them to jump in there and then also
knowing that that $3 resistance is there
knowing that above $3 there's resistance
you know 326 353 if I masher and I'm
looking at this as a possible short and
all I see is a resistance it's basically
like being a buyer and all I see is
support if I'm going to short it I love
to see all that resistance above where
I'm shorting at cuz it's just like hey
this is like your safety net now if I'm
shorting this stock and I don't see any
resistance then it's dangerous because I
also I don't have anywhere to set my
risk reward and I can't really define my
risk but on a stock like this where I'm
shorting into these resistance areas I
can basically tell myself hey 277 ok $3
there's all my wrists there's all my
reward I can be shorting into all this
resistance I might not make money but
I'm limiting my risk because there's so
much resistance there and that's just
like a green light for a short to really
just jump in there heavy and short
something like this FR ad right now the
shorts are winning you can see again now
in this two-bit the area is turning into
resistance big sellers sitting there 250
trying to hold this down because the
shorts know all they got to do is hold
this below 250 get this down there to
240 and this thing's gonna sell off its
up 6 it was up 5060 percent this morning
and they're just trying to play into
that look at that big seller there are
250 so the shorts are out in full force
right now because they can clearly see
all that resistance area and then see
what's going on and they're holding it
down today is just one of those days one
of those days here on fr Edie look at
that real battle going on there 247
buyer 249 seller it's going it's going
it's going down there it goes we're
gonna get the pullback and we'll see how
quickly this drops there it is look how
quickly this is going down now so now
it's breaking through that support and
it's just getting murdered there it is
235 boom baby look at that just like we
talked about breaking through that
support and just getting murdered the
shorts are winning the battle so there
it is I'm gonna close it out there I'm
gonna talk to you guys later on if you
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