welcome to the thousand dollar day trading challenge stay tuned for all the
live action so looking here at our xdx looking for this pullback looking for a
pop up here to $17.99 here you can see this morning it sold off from the 1899
area down here to $17 fine and support there are $17 mark is about to open
looking to go short here if this gets up to that 1780 area so Washington 1780
here on our xdx if want to get back down there and go back down there to $17
getting filled there at 1780 looking for this move lower there it is beautiful
looking for get back down there to the $17 area see if there's $18.00 areas
gonna hold us resistance here I'm I stopped there at the 1830 area let me
look for this move back below 1718 right 1780 right here come on baby drop on
down there big seller there 1775 need this 1760 area to break for that move
back down to 17 come on 1760 break here it is 1750s
beautiful looking for this move back down there to 1730 area up $200 right
now looking for this break of 1730 support get back down there and test
that $17 area 1730 on the bid on the ask for this break of 1730's beautiful
looking for this break in 1730 here come on let's go
1730 area
taking right there at 1755 I'm gonna not be greedy maybe it's gonna go to lower
here but it's been balanced in 1745 for a little bit the 1740 area to spean
there it goes now it's gonna go lower here it goes oh you kidding me Oh what
Oh head down on that one head down so I
made a hundred went five dollars there on our xdx it got short here you know I
was thinking this $18.00 area was gonna be resistance there I was should have
waited for a little bit more like I said I was looking for the $18.00 area
resistance and looking for this move back down the seventeen dollar area and
there it is back down there to 1720 now $17 bouncing pretty hard there but oh
all right so basically we were making higher lows higher lows but we were
getting stuck here so I was kind of worried that we might pop back above
this 1770 area and go back towards the $18.00 area I was sitting there for a
while looking at it I was like done and there goes down there the seventeen
dollar area now I'm looking for this break of seventeen and right there oh my
gosh you gotta be kidding me right now come on you know part of me wants me
part of part of me wants to jump back in short here the other parts just like
don't even don't think about it you're gonna just end up revenge trading end up
losing more money Wow so that would've been a full dollar move there down there
to 1670 be up five hundred dollars right now but instead taking profit there at
1755 you can see right there that's the move that I was looking for earlier just
looking for that right down there to seventeen dollar area and then break
through seventeen dollars and you can see right down there to 1675 now so kind
of looking at this chart why I did what I did so you can see our xdx gapped up
this morning from the $14 area up there at in 1960 it bounced back it couldn't
really make any more highs volume really wasn't that impressive I looked at the
news and news wasn't that good it's one of those uh you know buy the rumor sell
the news kind of kind of setups here there it goes 1670 now Wow 1665 and you
can see this gap in the chart here down there to the 1476 series so I thought
you know we break through this pre market support there that $17.00 area
talked about going short here at the $18.00 area if it finds resistance there
and then look for that move back down there to $17 but you can see here even
on the 5-minute chart I guess a 5 min showers a little bit a little bit better
to look at I was looking at the one-minute chart so take a look here at
the 5 minute chart there it is down there to 1625 now see this once get all
the way down there just 15 dollars through the 16 dollar area oh man and
that's one of the things you know when you're reading level 2 when you're
reading the price action when you're looking at the chart you know it's
getting tighter here is getting tighter 1770 area I was getting tighter I kept
coming up here 1770 kind of get you know higher lows higher lows here kind of
bounce in the 1750 area there was buyers there at the 1750 area but it only took
one seller you know one short to basically crash at 3 1750 and then once
that happened it was right down there the $17.00 area so low
now is there a 1625 are xdx low the day right now look at this low 1595 I would
not be surprised to see this thing closed below $16 looking here at the
5-minute chart you can see this gap it wants to fill this gap is is there I'm
still I'm still shaking my head in disbelief that I somehow covered on the
top of that candle I don't even know how the luck of doing that so our xdx down
there - 1560 1560 right now oh this is it's I mean it's comical at best he's
gonna laugh at it's all you can do at this point he's gotta laugh at it and
that's what I'm gonna do I guess I'm just gonna laugh at the idea that I
covered up here and look at this 5-minute can all dropping down there to
1680 and just going lower and lower not ever having any kind of support along
the way just bouncing down there to 1550 so I'm gonna probably call it a day
there after that one it's 10:30 everything's kind of just looking real
choppy now our xdx was the play of the day this
was the stock that that I should have really capitalized on and there it goes
down there to 1550 now like I said probably gonna see this one close below
the 16 dollar area and overall I should just give it more time actually gave him
more time here I should have you know had my stop there kind of that breakeven
we were sitting there 1770 area wasn't that bad I got to get myself a little
bit more time to maybe put at $18.00 kind of risking you know 100 bucks there
for that move but kind of is what it is it's a five cent ticker it can move
really fast you can see as fast as this thing moved down it could have easily
just exploded above that eighteen dollar area ran up at nine nineteen dollars it
could have been down five hundred dollars but instead I'm gonna end up you
know being up $125 after that trade and then overall in the
day making about a hundred and ten dollars out of commissions of fees
smaller size only five hundred shares so won't kill me so bad there on fees and
everything but like I always talk about you can't be greedy you're not always
gonna be able to you know call the tops call the bottoms obviously I basically
covered on the top of this candle at least on the one-minute chart right
before that move lower so if you guys haven't already if you guys really want
to help me out here make sure you subscribe to this channel leave a
comment hit the like button all those things really helped me and they're
gonna help grow the channel gonna help me make more videos you know the
incentivize me help me help you if you guys have any questions leave a comment
below but on that note it's almost 10:30 I had this one tray today I'm gonna be
happy with that if I sit here and keep staring at it I might start crying so
I'm just gonna go ahead and walk away