[LIVE] Day Trading | A $1,159 Losing Stock Trade (beginner day traders must watch!)
Good. Morning is clay at clay trader calm this be a live trade video where I try to capture some of my trades as they play out live market, opens up here in less than 10 minutes so let's see what happens I think. Boeing is wanting, to eventually, pull, back down here a little bit more. So. In 500 shares at 220 77. So, we'll see what it wants to do here. Wondering. If I should have wait a little bit more clearly I should have now but at the time where I got in I still felt good about it but. Yeah like I said. Let's. See if we can get it back down to 220. And. Better, yet even maybe break down through to 20. But, as right now I'm not looking so good. We, could get a nice kennel here with the upper, shadow let it be very very. Nice actually. So. I do like that candle, but still work to be done here. If. It gets up over to 23, I will have to be out. Let's. See the markets roll over here a little bit that would be. That. Would be helpful. It's. Got to get back down below and, there we go I was, gonna say it's got to get back down below 221 have a chance, I. Mean. It's trying. But. A breakdown below 221, would represent basically a failed bounce here which would be great but as you can see now that's. Like I. Shouldn't. Say I failed bounce a failed move to the upside. But. As of now yeah it's uh. It. Was a failed breakdown, which is not good for me I want to see a breakdown. Play. So that's what that 221. Is representing. But. As of right now looking like this thing might actually just want to break out so. I'm. Mentally prepared now to probably, gonna, be taking a loss on this one. And. Gotta get out there so loss, of, $1100. Not a great way to start off. What. I think ba is running out of steam here so I'm got. Some. Here at 228, 32. So. Going to 28, 32. See, if we get down below 228 there we are. Kind. Of. So, out there for a nice. Little scalp there I was. Watching ciear, though let's go see what this thing's up to oh. Alright, well let's, see alright alright I would never been filling on that one anyway so never mind on that one so I'm glad that I did switch over to be a. Although. Let's go again cuz it's looking like it might give me another chance here for. Her. Scalp what is that whoa, 2:27. I. Should. Know very very happy that I got that I took the loss when I did I mean imagine I got, out right. Around there, think. About how much larger that loss could be at this point right now much. Much larger as in, basically about another $2,000, larger that loss could have been. Alright. Well let's see what else I can find okay. I'm looking at ZM here for a potential, short to the downside. Would. Like to get a little bit more confirmation it looks like it wants to break down through that 200, 230. Area, it's, making its way down there. So. I want to see, 238. Out of the way. So. Watching very closely. 238. Want to see it out of the way. Watching. Watching watching. See. It's hovering right at that area. I. Don't. Want to pause it, before. All I know this is gonna be a bunch of dead space cuz maybe it won't go back down there, alright. Well it's at two up over 250, again so, I will pause it for now and if it looks like it's gonna work its way back to that area I'll. Get the video rolling. Alright. It's. Kind.
Of Getting down there and. That, fast well I might, just miss the entry point on it but, if I do then. You'll. Understand, what I was looking for so if I come back and get the video role and I'm already in I'm at least I kind of mapped out what I was looking for but I'll try my best to both get it recording, and capture, the entry point if it, behaves in the way that I want to see it behave. Alright. It's working its way down there. In. 238. Watching. Closely. Okay. Got in. 225. There we go. Let's. See if we can get some more downside, pressure here all out. There for a nice. $236. Scalp great, all right let's see it also confine, all. Right watching Boeing for a potential break of 229, which or excuse, me 230, which, I think it wants to do. So. Let's see if we can get that break of two 30-minute. To. 2997. Should. Go big effect if it gets the break. A lot, of sellers hazard be expected, though. So, if it wants to give it another go. I'm, liking the volume here just got to get the push through. Won't. Might have to sit through a little bit more consolidation, here. I'd, hate to miss the break on video so. Looking. Like I might want to give it another go. There, we go can this be it. Nope. Shine. Again, there. We go and, all. Out there for a, big. Trade a big. Big trade. Up. Mate, oh I don't even know what the math of it was what about $600, on it, yeah. It. Happened, so fast that I forgot to change if you watch my videos you'll. Know that usually I take out right around 300, shares, so. Just. Happened so fast and honestly, it caught me I didn't I thought it would happen I thought it would move big but that I think it would go literally up over $1 and you saw you, just thought happen and I, don't. Know what was that like a second, and believe. It or not not exaggerating, I hope to scroll back but, I think it was then within, a second as soon as it broke it was up over to 31, which. Caught me off guard and, I have no problem admitting that because yeah seen a stock move a dollar and literally a second. I. Forgot, to change that back so technically speaking I should still have four more shares in the position.
But, Still very happy with the trade and, let's. See now I'm down ninety-three, dollars on the day only. Ten fifteen, but. So I'm not going to force a trade we I I like. The chances that I can maybe get back to green here or at least break even but, even if I close with. We'll call it a hundred dollar hole that's something, that I'm quite confident I can overcome. But. I think boy wants to get down here a. Bit. At least down below 230 150, a. Lot. Of downwards pressure showing up out there. That's. Not what I wanted so. If. I want to give it another push. And, I'm not necessarily looking forward to drop all, the way down at 2:30 or anything like that but I do like my entry point enough I. Have. A good, odds here of a winning trade. All. Right well I'm not going to make you sit here and watch it just go sideways so if it looks like it's going in my favor then. I will get the video rolling wants, to kind of go into my favor here. So. Can I get the breakthrough through, to 3150, that's, what I want to see. And, I have how do I fifty shares oh. I. Have fifty shares long. All. Right well I am now green, on the day. By. $317. And. I might have been wrong because I'm sitting here saying I don't I don't think it's quite got the power to get down at 2:30. How. Low did it actually go on that move to. 3030, well. How did I have, fifty shares long though. I'm. Not to go I'm looking at my so in the comment section talk with me here so I. Short. It at two. To. Thirty one. I've. Really, missed stop doing. These live, I really do these mistakes are coming. Too far I don't. Know maybe because I'm gay I mean this I've been doing this for like four or five years now these live trade videos but let's. Sync. I got. Oh no, that wasn't my buy all. Right and then I shorted, oh. I. See what I did so. I covered, I didn't realize that so I actually was able to cover fifty shares at two are that's what happened. All. Right that makes sense so I covered, fifty shares down here which. I didn't realize I had done I didn't think I got anything down there before I cancel that order out so, that number over here should have been changed to 450, and. Then. It altima lead it'd go in my favor and, I was able to cover a. Sense, almost a dollar lower which. Like I said another very very fast move. Alright, yeah that's what happened so. All that happened was all right now that make that makes me feel a little bit better about about, myself it wasn't like I was pressing buttons all over the place but like I said I got. 50 out at. That point right there and if you're new all that, means when you're when you go short you want the price to go down and the way you exit, a short is by buying so, I bought 50, of 500, share, but then when I went back because I didn't realize I had gotten fifty likes that I should have changed that number to 450. Because that's the only amount of shares I had left so, that should have been 450. But. Then when I went to buy the rest I bought 500. So. Which is why I then all of a sudden had 50 shares on the long side which that I actually get those out for a game let's see I. Know. I sold those for a 3 cent per share loss but, well there we are I am. Now. Up like I said over three hundred dollars on the day but the big, lesson, here and if there's one thing that you walk away from this video from walk.
From It not sure Wow you, clay you, fought back from over a thousand dollars the good job you know you and. I thank you but the, question becomes what allowed, me to fight, back what, gave me the opportunity to attend I only fight back but also clothes green well, by, doing this right here by. Taking, the loss. Let's. See the, very first trade got. In, at. 220, 71 got out right there this losing, trade by getting out at 223, allowed. Me to do it how so well, let's just play the what if game let's say I got stubborn, let's say I played some game with myself said you know what clay no nope, because the last time you got out the price rolled back over and you. Know that's just annoying and that let's. Just say I had done that well. Look. What happened, so let's. Just visualize it right here so I can. Try. To help visuals, sake like I said I get, I'm done trading so if you're just here for the live trading that's fine but I'm telling you right now you're missing out on a the most valuable lesson I could tell you and teach you that just happened so there's no fairer hair you saw but, that green line represents entry where I got out and let's, just say it gotten stubberd and said no no I know. Because last time I got out it would ultimately. Went my favor and I would have been okay so, right there was a little. Over I don't even want that as a thousand, dollar loss but. Let's just say like said in this situation, I decided not to do that. Look. At that. Again. That green line is where I should have been out and you, can see it has not pulled back in fact. It has only gotten higher. And higher. And, every. Or you know every dollar above 223. Would. Have been another $500, loss so it's gotten up as high as let's. Just we'll call it 234, to play the conservative, side so. 234. You, know when you subtract, that bime, 223, where I got out that's, an $11, difference, and you multiply that by 500, because again every dollar, pass that would have been another $500 loss that's, a, $5,500. Loss right now that I could be looking at on top of my. Thousand, dollar loss so. $6,500. And who. Knows this thing I mean it's Boeing it's not even close to coming back down to where was this thing could just keep on going so. Think about that by just taking a thousand dollar loss I allowed.
Myself To get back green on the day how so well, and I'm, not trying, to talk to her telling us but a thousand. Dollar hole is much easier, to climb out of compared, to a, sixty. 5.65. Hundred dollar hole and that's, that's literally, how it would have worked out 500. Shares so every dollar against, me again, if you're brand new you're what do you talk about clay the price is going up yes but I was short remember, and going short means you want to see prices, go down that's how you make money so, the learning lesson here just, honor your stop losses manage, risk and I, get it and I've. Posted videos before where I've taken losses, and then it ultimately just went goes, in my favor and I can sit here and say that's. What I get for honoring my rules I could have been green well. In this situation I could, have had a thousand dollar hole, turn into a fifty five sixty five hundred dollar hole and just, don't let that happen to you and apparently. I was totally wrong I. Don't. Think I'd be able to get down to 230 knots getting, down below, that level but. Overall. Annoying. To take losses sure, but I. Don't. Think I need to sell spit you on that at all you just saw the results, of honoring your stops and taking. Good. Losses, so that's all I have if you enjoyed the video and want me to keep making more live trade videos like this even though I seemingly, keep. Losing track of things but it. Is what it is I mean and that's the thing to defend myself a little bit these are not voiceovers. But. I I get, a lot of live trade videos out there they call them elves live trade videos but all they are is a record and then the person comes back afterwards, and does a voiceover, and some of them are really sleazy they don't even tell you they're doing that so they're trying to act like they don't know what's gonna happen but they, actually do but this is truly live so this, is why I'm stumbling over my words this is why I'm, looking. Like a moron some of the times because I am giving you my thoughts while. I'm trying to trade while I'm trying to analyze and everything else and some. Mistakes happen again nobody I'm not blaming anybody but myself I'm just explaining clay. You're terrible compared to fill in the blank trader yeah I know but those fill in the blank trader actually, do this live or are they doing a voiceover afterwards, and. If they are doing it live then props of them may be hard better trader that sometimes. I would say I don't think it's that hard to be a better chair than I am I don't, sit here and for claim to be a master, trader at all I've just been punched in the face enough times to be, able to offer up a little bit it's a knowledge here or there but if you do enjoy the videos these, live trades hit that like button leave a comment down below and, you.
Know Questions comments suggestions if you've watched any of my past videos then, you know I read, comments and I will reply to them so I'd love to hear from you and then also check out the channel as a whole there's lots of other live trade videos and. Stuff that you can watch so hopefully decide to hit the red subscribe button and become, a subscriber to the channel but nothing else if you just want me to keep making these live trade videos like I said the quick and easy way to communicate that to me is to hit that like, button, first. Off thanks so much for watching the entire video real quick before you go I want, to invite you to a live webinar web class training, workshop, online event whatever, you want to call it but it will be me live, revealing. To you what I discovered. That has allowed me to transform, myself from being an employee to. Being my own boss, including, how I had only one losing day out of 73, days in total I'm going to cover three keys that have helped me unlock. Profitable. Consistency, within the markets the first key is super weird but in a productive type of way the, second, key is super awesome because it quite, literally is wired into our DNA as humans making, it very easy to use but, in a cruel way this, becomes a pitfall for many traders I'll explain, it all though including, how to avoid the pitfall that it creates for some and yeah the third key when you hear it sounds way to get way too good to be true but it's not and I'll show you how, it all works then, the end I open it up for a question-and-answer, session that is again, totally. Live even, if you can't make the live session, please, still sign up as it will be recorded, and you can go back and watch the replay then I will send you click, the image on the screen or click the link, down in the description box, so you can get the date and time and claim your spot which I should know is limited, due to the fact that this truly is a live event if you have any questions, let, me know if not I'll be seeing you soon.