- Welcome back to another Humbled Trader video.
Today's video is highly requested by many
of you who watched my previous live trading video.
In that video, I showed you guys my actual live trading
recordings and explain my setups for entries and exits.
Many of you really love the video
and want to see more live trading actions.
Honestly, I do check the comment section
and my motivation truly comes
from your appreciation and support.
Now I'll be revealing how I made
over $25,000 day trading Nvidia and AMC.
As always, I hope you guys really get some value
out of my wins and losses and most importantly
learning from my trade planning and execution process.
Don't forget to smash the like button,
take notes and leave your questions
in the comment section below.
Let's go.
- So next thing I'm gonna talk about
is Nvidia on the long side.
So pre-market on August 8th, the stock actually tanked
from $190 down to about $175 pre-market
from releasing the preliminary guidance
and it was a lot lower than what analysts expected
from the upcoming earnings call.
So the stock tanked from $190 to $175.
Now, I didn't know about this
there's no way I could have known
but I was short Nvidia overnight
at 2000 shares around $190 average.
And you can see on pre-market I covered
into this huge gap down
to about $181, $180.
That's when I got out of the short.
So I covered it all for about $16,000
on the day pre-market before the market even opened.
Now, I'm looking at playing the long side.
Now I'm looking at playing the bounce.
You can see I got in a little bit early,
4,000 shares at $179 average.
I'm actually looking to add
You can see I'm trying to add here, 2000 shares.
I'm trying to add at the open.
Market opened about, you know, three minutes ago.
I'm adding into it now I have 6,000 shares at
$179 average.
I'm looking for a bounce to $182 and above
on this Nvidia long trade.
A lot of newer traders will be thinking,
"Oh, it's bad news.
I'm gonna short, short, short."
And they short into this bounce.
Guess what, I've done that before
and then like ripped my face off.
So don't short on weaknesses like this
especially on these very volatile
and big range growth stocks like Nvidia and AMD.
You can see I got in.
I still have my 6,000 shares at $179 average.
So I'm looking for the bounce.
And you can see on the side here
I have a couple other positions open.
I already closed my Nvidia short,
but I have some short on AMC.
I have some short on AMD and Roku,
but those are kind of like my side plays.
I'm trying to, trying to, you know
give my Nvidia long my full attention.
And this is a very strong open, like if you look at this
this five minute candle, we went from $174 to $179.
This is really strong.
I'm trying to scale out some into $180s.
So I sold a thousand shares into that $180 mark on Nvidia
but I'm still holding the rest of the 5,000 shares at $179.
So I'm still up nicely.
My average is $179, I'm looking at $180, $182 to scale out.
So I got, you saw I just got rid
of more 2000 shares at $180.
I'm trying to hold the rest to $182, if possible.
And once again, I remember when I was relatively new.
If I see that I'm up like a dollar or two dollars
I'd quickly take the profit.
And only to see the stock rip a lot higher.
And then I'll do the opposite on my losing trades.
I hold on and bag hold my losing positions
as they fade even lower.
So you, if you wanna, you know, become profitable
you should be doing the opposite.
If you are in a winning trade like this one
try to hold onto it.
And you can get better at that by, you know,
scaling a partial size.
So for example, you have five,
5,000 shares.
Instead of selling the entire 5,000,
you sell 1000, 1000, 2000 or even 500, 500.
(fast-forward tape scratching)
- But I'm liking this WIC around this view up area.
Can you see that?
And to me this kind of action is bullish.
They tried to break it down.
Didn't quite break down how they held it.
And now we're testing $180s again.
And again, my price target $182 on Nvidia.
$181.20s a thousand shares, I'd sold some.
Low $181.30s over here you can see a thousand shares sold.
So I just have 2000 shares left
same average, looking for $182.
And let's see if we get it.
But at this point, this Nvidia trades, it's a free ride.
My, my average is $179.
High of day on Nvidia in trade, $181.40s.
I really wanna get that $182.
Let's see if we, let's see if I get it.
Now we are at $181.60.
The stock is really strong.
You can see since the open,
there's no red candle whatsoever.
It's been green straight for the last,
last sixteen, sixteen minutes.
Having some trouble with $102, sorry,
$182s right now.
You can see I'm, I'm,
I'm putting my orders out around $182.
I really wanna make sure I get that.
Oh nope, I sold another,
another thousand share-
Oh, I sold all of it!
I sold, okay, I wasn't as patient as I thought.
I sold all of it at
$181.30s.
You can see I'm out of my Nvidia position,
zero share size now.
So I sold all of it at $181s.
So quick recap, this is what happened
to Nvidia after I sold off my long
You can see this thing did go to $182, but it went to that
for just a little bit after I sold $181.30s.
It, you know, dropped off to 180s and,
you know, tried to bounce and tested $182.
And that's really the high of day.
After $182, this thing just sold
off with the rest of the market to, you know, $173.
So big range on this name and I'm really glad I captured
you know, the meat of the move on the long side.
- Okay, so I've saved the best for last AMC.
So this one I was more short-biased on AMC.
This thing actually, actually took it
for a loss at first.
You can see, I'm short right now for 6,000 shares
$24 average on AMC.
You can see this thing's still squeezing,
so I have to cut some for loss.
So fast forward here you can see AMC squeezing,
and I have to take, again, I think I take
like a $2,000 shares loss.
I stopped out at the high of day, $26.60 for
you can see at the bottom $2,700 loss.
Now I still have the remainder of 4,000 shares.
So it's starting to fill at $27 on the two minute chart.
Okay.
So once it starts slowing down
is when I wanna start adding into it.
So now I have a total of,
after my initial cut at two- high of day 2000 shares.
Now I added back to the same 6,000 shares.
$24 average.
$24.20s average.
And you can see a lot of times when AMC runs
it kind of leads all the other main stocks.
You can see GME is doing the same.
I'm trying to short into the breakdown on GME.
But it's definitely not my favorite stock to trade.
I much prefer AMC rather than GME.
When they seem like, do like these crazy holds, like,
I'm not gonna lie, you know.
There's a, there's always a part of me that says,
"Oh my gosh should I add or should I just cover?"
But in this case, I'm glad I added into that $26 little pop.
And also SSR is on for AMC.
They triggered that the day before.
So whenever you have SSR on, they squeeze
out the shorts hard and after that it just fades.
It's almost as if, you know, the, the, the
the rally never happened.
You know, not gonna lie it, like I said, it wasn't like,
it, it wasn't exactly a walk in the park, right.
At one point I was unrealized $12,000,
even though I was still up on the day from the Nvidia trade.
It's, you know, it's still a little bit nerve-wracking.
But for me on the shorts,
I'm looking for the big picture.
I wanna see this fade down to potentially $24
or prior days close on AMC.
Oh, you can see that $26 reject.
We tried to reclaim a $26 to hold a higher low,
but no it's now, it's a rejection.
Should I have just added that,
that $26 mark up there?
That would've been the spot to add.
But you know a little bit gun shy, not gonna lie.
So I didn't add into it.
(fast-forward tape scratching)
- I'm looking at it reclaiming VWAP, testing $25.60s
and I remember thinking at the time, I'm like, okay
I might have to take some for a loss.
Like, it's not fun, right?
Nobody likes taking, taking losses.
So I added a little bit over there
$25.70s thinking that they're gonna reject $26.
You can see it's flushing now.
Finally near the end of a day.
This is what, an hour before close.
We are finally breaking down.
Midday literally didn't do anything.
As you can see earlier,
I didn't say anything about midday 'cuz,
there's just nothing there.
It like chopped around VWAP
for a while and now it's breaking down.
I'm still holding the same 7,000 shares short
at $24.42 average.
But I'm looking, I think at this point
given that there's one hour left
I think I'm gonna cover some into the close
and hold overnight.
Oh you can see AMC flushing down now.
Once the $24.40s broke down,
this thing flushed down to $23.90s.
So I covered a thousand shares at $24.
So now only I have 6,000 shares left.
So now I'm up on, oh, I'm officially green on AMC.
So earlier I was down, I started out down $2,600 and then
you know, being down $700, $900
and now I'm up $1,400 on AMC.
And fast forward near the end of the day now,
you can see this thing is chilling near $23.20s
from our entry at $26.25.
That's a whole reason I was holding onto
to these shares for the end of the day unwind.
So I'm still short 6,000 shares.
In the middle of the day you saw that I got chopped
up a little bit, took some losses.
But I thought, you know, it was well managed.
I feel like I managed to trade pretty well.
Never traded on emotions and never traded at my PNL.
If I was trading at PNL,
I would've covered this a long time ago just to recover
that $3,000 loss from,
from the open.
I'm down to 5,500 shares short.
I think my goal is to swing short 4,000 shares
and add on the second day.
So you take, you see me enter a thousand shares entered,
covered, oh well covered it at
$23.79.
So that's my goal is to swing the rest overnight
and see what happens.
- So that was the live trading in action.
In reality, my profits on the day was over $34,000.
While this is not the craziest day trading profits
you've seen on YouTube, these live trading actions
give you realistic look into the truth behind
these day trading profits and losses.
We all love to see these PNLs
but the process is never easy, especially the execution.
Make sure to check on my Price Action video
or my VWAP strategy if you haven't done so.
Thank you guys so much for watching as always.
I'm the Humbled Trader
and I'll see you guys next time.
(upbeat synth music)