[LIVE] Day Trading | Bad Stock Trade, but I Made Money (Weekend Withdrawal)

[LIVE] Day Trading | Bad Stock Trade, but I Made Money (Weekend Withdrawal)

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good morning it's clay at claytrader.com this will be a live trade video where i try to capture some of my trades as they play out live market opens up here in about uh four minutes and when i say live if you are new to these videos what do i mean real quick well this is not a situation where everything has already been recorded and now i'm coming back and doing a voiceover or post commentary nothing like that i'm recording myself seeing the information for the very first time so if you want raw thoughts raw emotions raw reactions you will get that with the video if you want a nicely edited video nicely scripted video you will not get that here but like i said if you want the nitty gritty looking to what it's like to be a day trader then you'll you'll get exactly that i am watching tesla out of the opening gates the difficult part is that my broker lightspeed just put this 50 on it and all that means is it all of a sudden costs more to buy from a margin perspective so i'm not going to go too far down that rabbit hole but the easy way to explain that is it costs more so therefore if you watch my videos maybe you've noticed that usually i'm doing 300 shares but now because of that 50 i'm only able to do 150 shares on it again due to the impact on my margin account uh so it is what it is kind of disappointing in that regard but with as crazy as tesla's been i can i can understand my broker's point of view uh but that is if you're wondering why all of a sudden i'm doing 150 that would be the reasoning there so market opens up in about three minutes i will keep you updated all right the markets are open and just sitting here watching tesla wondering if it's going to want to come back up here and potentially get up through 667. in fact tesla upside break point one minute so i'm talking myself there in the community that i offer you can see right there just made the alert in the the chat room again offer that at claytrader.com not sure if it's going to get back up there i've got that alerted for now just a whole lot of a whole lot of volume on it and i owe a rough start what is that right there 657 might actually be the breakdown point i'm gonna get that alerted 657 flush point one minute it's working its way back up to maybe a 667 break we'll see what it wants to do here what actually is that that's mia right around 6 58 657 all right well i will go ahead and pause for now i don't know tesla's so fast i could see it coming into play pretty quick what is that now 662. so i could see it coming up here would let's see it break above 667 and then come back down here to 662. but not looking like that's how things are gonna play out okay i am gonna go ahead and pause now at this point i'll keep you updated all right making its way up to 667 got the break which now has me very interested in 663 making its way down there somewhat and i missed it bummer well there it goes if you're not familiar with my screen if you look over there you would have seen a white order and i let it sit out there to see if it wanted to you know come back up and fill me but it did not so the white order means i submitted it to the market problem is it didn't get filled maybe another try here at 660. i don't

want to take it on this candle though so we'll see if this candle can stay up above it yeah i wanted to see this go green a little bit first yeah get up to at least 663 ish yeah i'm gonna watch six there we go good very nice okay i'm liking 660 even more now i'm gonna get that updated though tesla new flush point 660 one minute so let's see if it wants to get down to that area got in at 661 actually there we go that was a fast move down but let's see if we can get down through 659 or is this thing going to bounce on me here well i had my move see if it wants to come back down here wow now it's turning around on me tesla tesla just i mean i never got enough move in my favor anyway so it moved in my favor but just not enough and then totally just ripping it in my face now if this goes up over 670 i got to be out see if it wants to come back down maybe that was just a spike maybe i can get saved there by that moving average but right now i'm not feeling so not feeling so good about it the 665 is definitely the critical point right now okay got through there so maybe just maybe nope right back above it i really liked it but oh so strong now so i said i'm not feeling very good about this one at all i would love to be wrong here would love to be wrong but the 665 area is just so stubborn now you can see it just doesn't want to give it up see right back above 65 665 it goes thinking if it can go below 664 then my my optimism levels will go up but it does not really want to budge away from the 665 mark and see there it goes right back up again in 664 is kind of my optimism level we'll call it which it just does not want to break down through and up of 665 it goes again so just the waiting game now all right there we go maybe nope okay it's trying to come down it's that v wep now that's presenting the problem there we go trying to pick up some downside movement from there but just not doing what i want to see it do now i'm back up over 664. and back over six well a total waiting game now on this one see if it wants to come back down as of now though i'm not feeling very optimistic about it at all but hey i've been wrong before and this is a situation where i'd love to be wrong here yeah the 662 area i think just too stubborn okay all right a little bit of a movement here can i get down through 660. there it goes all right i'm just taking the the game still maybe i psyched myself out there maybe it'll still roll over more which i thought that it would and i gave it time but um just there just seems to be too much strength in it right now and i would not be shocked to see this snap back up here and i realized yeah that my uh what i was willing to risk compared to what i got out there not so good uh but so not the greatest trade i'm not gonna sit here and try to play play it off like that was a great trade i just really liked that pink line right there which on my chart denotes the 200 period moving average and then if i bring this over here on the five minute you can see that that purple line is the 50 period and even if you're new to charts i'm i'm sure you've heard of the 50 per moving average to 200 per moving average so you combine the two again we'll turn this into a little lesson the one minute had the 200 period down below it which i thought had a great chance of acting as resistance and then so one minute 200 period resistance and then right here five minute 50 period moving average acting as resistance right there so that's why i gave it that 670 mark uh but it is a total valid legitimate criticism to say yeah clay but you took profits a little too soon compared to what you were risking and you're right you're right i i'm aware of that and that just i'm not gonna that wasn't really a good trade and if anything here's an example of hey anytime you're making money is a good thing not really not really here was the time i made money but it wasn't the best of trades yeah it was a good trade if you're defining good trade as you make money but that sort of trading over the long haul is just not gonna is not gonna work out i suppose i pat myself up on the back a little bit here i'm well aware of it i'm well aware that uh you know i i didn't quite manage that one how i should have uh granted that the 370 mark i'm glad i didn't get spooked out and i gave that as the opportunity to for the price to roll back over uh but overall yeah not a good trade and uh one where i mean i wish i could sit here and be like yeah and i did all that on purpose so i could prove this point nope uh just an example of you know why i can't stand anytime you make money is a good day or hey you can't go broke taking a profit well you can't go bro cause i took a profit there uh but that was not a good trade so just because you're making money just keep that in mind are you sure that you actually manage the trade the way you should have are you sure because in this situation i didn't i i got in i mean i don't want to say i got into soon because i mean that was still a good point it just i no let me take a step back i took profit sooner than what i should have that's that's what happened and would it actually have worked out how low did it go 656 where did i get out oh yeah i could have gotten out another two dollars more so even that not really even if i had played it perfectly i still needed this thing to come down more which it still very well may so in all actuality i should still be holding right now so that's where i screwed up i didn't screw up on the stop-loss honestly my stop-loss was was i mean it worked i was i was right in the sense of right don't get out unless it goes over 370. but with that being said um the the mistake and it's not in my entry point my entry point made good sense it worked out uh but what my mistake was i just took profits too early i should still be in or i scaled out everything too early if anything i i could have taken off like 50 shares or i did but i should still have some of the position right now so that was the mistake here that i made so no was this a good trade it was not but that's uh what trips people up is sometimes they are making money but then the the habits behind them making money are not so good and that's what happened to me here i know i'm repeating myself but and that's okay if it happens as long as you're self-aware of it right i'm not going to be i'm not telling you i'm not going to go prancing around social media saying look at this great trade no this was this was not a very good trade but i'm kind of stalling right now to see if this thing actually does roll back over and would have given me uh what i what i would want and what i would need and you know that would be for the pricing to come down here and at least test that what is that about 653 which likes it i still think it does have a chance uh but that is where i messed up so we'll see if i can catch another trade here out there or not um but i'm gonna go ahead and pause for now and just to cap it off there we go um it is down at that purple line now uh so it would have completely worked out right had i managed things the right way and like i said i should still be holding something so it's not like i i need to actually exit the trade right there i probably pull more off the table but i mean if this thing continues on down that's just additional profits that i've left on the table so uh there we go uh not a good trade from a management standpoint and let's i want this to break down but i don't want it to break down because the more it breaks down the more it's going to make me feel terrible but it'll also illustrate the point here so 653 like i said as expected being very very stubborn um if it can fall though should get a good push to the downside there but while that is being very very stubborn and if you're new i'm just watching this number right here there it goes and now 653 just disappeared and you can see that fast down to 652.

so that's the number that i'm watching there just uh seeing enough now 652 was gonna break but pointer beam like i said and look at that boom there it goes so all right i don't want to post this video but i don't know i don't know what the trolls can say i've already fessed up that was not a good trade so i guess i've i think i've tr uh troll proof this but uh i'm sure some of the the professional youtube traders will will still swing by i say all that in good fun 98.72 percent of commenters are fine but it's always simple it's like clay if you would've i realized i know in hindsight i i get it i messed it up all right um i actually have a podcast i have to record here so there's a quick plug if you're not aware i do offer a podcast uh the stock trading reality podcast if you run a search for that uh that's out there uh actually today i'm recording episode 300 and we do one a week so what is that that's been doing this thing for about five years now crazy but all right i'm i think i'm done but maybe not i'll go ahead and pause all right i am going to go ahead and just wrap things up here uh so real quick before i uh leave off and i'm going to put this as a saturday weekend withdrawal video um i know as day traders sometimes the weekends are close or you know the markets are closed on the weekends and we just kind of wander around like what are we supposed to do with our lives so hopefully this gives your your your trading fix um and you can get a little education out of it over here on the weekend as we go as you saw kind of things play out here uh so like i said you will be watching this on a saturday assuming you watch when it first comes out um and that way like i said you're getting your fix from the withdrawal of not having the stock market open but before i go real quick if you enjoy these videos please let me know because these are not easy videos to make i have to think for myself i have to talk to you i have to think about what i want to alert to the chat room i have to make those alerts in the chat room i have to enter in my own orders so there is a lot going on and it's doable but it's not exactly easy however i will keep doing them if i know that there's interest so how can you tell me very quickly that there's interest hit the like button leave a simple comment it could be a thumbs up emoji could be a could be a unicorn emoji i don't care an emoji and a thumbs up or emoji and hitting that like button goes a long way in communicating to me hey clay yeah i do like these videos so so please keep making them they're worth your time that's all i ask also if you want to see more uh of the video more live trades on the the channel here you can go and check out that playlist and there's a good variety of other videos so if you like what you see enough hopefully you decide to hit that subscribe button like i said if you enjoy these videos and want me to keep making them because you they're worth my time they're worth the the hassle hit the like button leave a simple simple comment as simple as just an emoji but thanks for hanging out remember just because you're making money doesn't mean you're actually doing things the right way 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 too good way too good to be true but it's not and i'll show you how it all works then at 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 that 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 note 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

2021-01-03 13:31

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