[LIVE] Day Trading | How to Recover From a Missed Trade...
Hey 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 less than two minutes, uh what i want to do here is just uh. Show you kind of how the chat room works what i'm thinking but i posted this image. In the chat room and let me bring down the actual chart so this is what i took a screenshot, of, this bearish pattern right here, so what you're looking at is here and then of course i drew out the pattern over there and i it's posted in the chat room, and if you're not familiar i do offer a private trading community, so this is you know trying to document my thought process for the trade but also just give you an idea of how the chat room works. So. That is definitely going to be my number one candidate right now seeing how the price wants to react. You know with this, bearish pattern that has taken shape here so watching right around 38. 40ish. 38, 35-ish. Hard to say right now because you know it's still pre-market. And i should say this is live in the sense of you're getting my raw thoughts my raw emotions, as things, occur, so this is not like everything's already been recorded, and then i come back, and talk about it and do a post commentary. You are getting my play bike play, so uh yeah at some times it'll be unprofessional, at times i'll be you know stumbling over my words, maybe just thinking because yeah i'm trying to trade okay there we go markets are open trying to trade trying to analyze trying to make alerts. All at the same time. See right around. 38.. 3840. Is an interesting, level if it wants to get down there. Again based on that pattern. Let's actually get this to. There we go so as of now the price is bouncing though actually. So that's good. I've got a bit of a oh wow. Bit of a delay. Not going to take this on the first, minute though. That could cost me. Might leave me in its dust like i said i don't want to take this on, the first. Candle. And as of right now looking like uh that is going to cost me. Oh wow look at that. Well there goes the bearish breakdown of that pattern. So any members that ultimately did take that congratulations. You played it differently than i did i played it wrong you played it correctly. Uh and that's just sometimes, how it goes but um, yeah. For all you members out there that took that uh well done, way to play the breakdown like i said i wanted to see it, show a little bit of strength first but. I chose poorly i i chose wrong, and that's that's going to happen, not the first time certainly won't be the last. But still going to watch this, i said i'd be interested, if this thing wants to bounce back upwards show me some strength, and then potentially, roll back over but as of right now. Seems like all it wants to do is drop. And again that was uh you know the pattern right there. That lower spot. Right here. Has now been violated. To the. Downside. All right well i will go ahead and pause and if something new comes about then um i'll get the video rolling. All right have an order at 38.15. To try to play a back test here. Nkla. Is now officially. Bouncing. So seeing if i can get in here at 38.15. Well it went up there and failed, so at this. Point. I'm gonna go up there to 38.45. So 3845. Now the area that i'm looking to play, a back test on. So i like to see this showing me some. Strength. It's actually going to get this alerted now. Dead cat. See what is the low of that, low is at, 38. 10.. So let's see if this thing can maintain above 38 here a little bit. Come on keep bouncing. Keep bouncing. So we're going to get rid of. That. Well my charting is delayed right now. E-signal. Is delayed. Oh yeah 38. No don't break below 38 here. And it did. Yeah see this this is delayed, this candle is going to go red. And the reason i was know it was going to be able to go red is because the price action over here. Is, uh, real time and this has a slight delay. An e-signal, what is your problem. Not a good sign you signal. Especially when i pay over. 1200. Per year for ue signal. Well let's see what is this 37. Want to see a bounce up and then if it comes back down i like 37. 65-ish. In fact i'll should get this. Nkla. 37. Flush, point. One minute. So there we go.
We'll See if this one thing wants to come back down to that 37, 65-ish. Area. 37-65. And if it does. Fantastic. Especially, now good, good solid bouncer, fantastic. All right well i will go ahead and pause. And not. I mean i suppose there's stuff moving out there but a lot of stuff is just choppy right now tesla which i've been trading quite a bit in the past just very choppy. Um. And it was looking like there was gonna be a lot of opportunity which is why i got the video going. Granted i guess nkla. Pla. Was a fantastic, move really. Okay low of 38.25. I'm gonna go ahead and adjust that up there to 38.25. If this wants to come back down. I'll get that updated here in the chat room too. Update. 38.25. So there we go now the community, is working. Or aware of 3825. But this thing just continues, to bounce here. So maybe even uh. Might need to be adjusted, again as this thing continues to grind higher and higher. We're just waiting for it to potentially show some signs of weakness, right now. Not showing much and i have to use level twos, because like i said the chart is still. Ready to catch up. I might have caught up. Okay what is that low. 38.82. So 3880. Is now going to be the newest, gonna get that updated again here. Update. 38. 80.. So we'll see if it wants to. Come down to that. Area. Again just looking for some sort of sign of weakness here. But this thing just wants to keep on. Grinding. Which you know i'm not going to complain about per se. Alrighty. So let's see it get up above. 39.50. Some more. Would let's see it hit 40 and then come back down here through 39, 50ish, area. But as of right now is this thing just going to roll right back over on me i hope not, or else. It'll be, eight minutes into the video with no trade. Come on. Well this is not setting up like i wanted to see it set up. You know i'm not going to take 38.80, now if it were to fall all the way down and break it on this candle. Maybe it'll bounce back upwards. All right well i am definitely gonna pause now i mean we're almost at 10 minutes in and haven't even taken a trade, but i guess this is still good stuff, again, raw. Trading this is how things play out sometimes you just watch and watch and watching the thing. Just isn't quite cooperating. Yep, i just i don't like the setup now. I wanted to keep going up. Pen though looking pretty interesting. Oh wow. Okay what is that low. 64.85. Very strong, stock. Yeah 64.85. Looks like a. Point where if it breaks down through there might need a bit of a pullback, here. 485. Oh it just broke down see, yeah, this is it's i'm watching the chart because i'm used to watching the chart. But it's delayed so it's already. Now the candle's looking over here so it's already been broken down below so it's just. I don't know maybe i might not maybe i shouldn't trade here if this thing can't catch up but this is just, very frustrating, okay well, nkla. Back to maybe doing another. Setup here. All right i will pause at this point. All right i am watching, 40. Here. In at 4009. I think this thing wants to. Come down. And it is coming down let's see if we can get some more. Push down through that area. Though. So got in at, 4009.. Like i said i think this thing wants it i'm not necessarily saying crash but at least come down a bit more. Here. So let's see if we can get that break down through. 40, again, there we go. 39.80. Is going to be a stubborn, area though so that looks like that's going to be the actual crucial, break point it's 39.80.
For This to get more downside. Momentum. There we go. Ah kind of, very temporarily, then it snapped right back above. 3980c. 3980. Over here watch this. It's gotten blowed a couple of times but then it just won't stay below it there we go can it get actually some more follow. Through. So all out there at 39.50. Fantastic. 295. Dollars, on that scalp. And. Over here you can see that. It was updated i don't think i mentioned it in the video audibly but right there you can see that i put the new flush point. At forty dollars flush of course meaning well what direction do you hear think of when you hear flush, down. And for you beginner traders out there you can make money when prices go down as you saw there it's called going short. Shorting, a stock. And yeah i should have probably scaled out. Of course i'm speaking in hindsight, now. But overall there we go 40. 40, flush point i took it anticipated, the break. And uh now 295. So not bad took a while to find something but. You know it's only uh, 9 43, so the markets have been open less than 15 minutes, i'm up 295. Dollars i'm happy with that let's see if i can find another trade. Totally hindsight, trading right now but now check out where nkla, is not that i would still be holding but down. In the 38, 60s, now um so again for any of you members that watch these live chat videos which i know a lot of you do. Um congratulations. If you got up in around 40. And uh played it a little bit differently than i did. You are now up way more than i what i i made on it, so yeah well done congratulations. Well it's a little update it's probably been. Um. 10, 10-ish minutes or so, since uh the last time i got the video rolling, and it's not like sometimes, you know in other videos if you watch them i'll make comments yeah you know i went out to. You know hang out with my kids or just do something so i haven't been really paying attention but no in this situation, i've definitely been paying attention. And, they're just. I mean there, seems to be opportunities, but a lot of things are just, kind of. Choppiness, meaning i mean you look down here. And the volume, is just it's not quite there i mean yeah that's a good looking move. But it's a move that would be very difficult, to play when you actually factor in the reality of volume. And a lot of other, you know. Stocks out there are looking like even nkla. Let's go back to this one. Yeah i mean the the rain the it just has tightened up quite a bit so i mean i i get in hindsight, training it's either say oh yeah you could have bought right there and then you could have shorted and went back down there. Well yes i get that in hindsight, but, you know the reality of the matter is it's just really tightened down the volume is really dropped off. And i mean it's not even, i mean it's almost 10, but i mean even usually the market stays solid for at least an hour-ish, or so. So i guess this is kind of my long way of just talking out loud. That i may just have to call it a day i don't really want to i don't have anything really planned that i need to do, or want to do. But sometimes. Just because you have the time to trade doesn't mean you should actually be trading. And i feel like we're kind of entering into that type of trading. Environment, right now. Um. And you know when i remember getting new and just starting. You know it was like well i have the time to trade so i i want to be trading i need to be trading. And that's where i always got myself into a lot of a lot of annoying. And headache, situations. Because. Again just because you have the time to trade doesn't mean that you should, actually be trading. And that's just the vibe i'm getting i mean even boeing like what is going. I mean just. So let's bring up i mean look at this volume just, so. Choppy, and low and i get it it's easy in hindsight to say oh clay you could have bought that breakout, boom. And then you could have shorted right there and boom. But again, all hindsight, trading and just. And maybe you're watching to say no clay i this is like my exact perfect environment i love i love what you're describing, is what i love to see, and awesome, that's fantastic, for you. And that is it would be a perfect illustration, of why. Trading is different for everybody we all have different personalities. We all have different personal risk tolerance levels. So we're all going to see things differently we're all going to you know feel differently about markets. But, yeah as of right now. I'm just uh. I'm just not necessarily feeling it and it's not like i i need to be trading anyways i mean i'm still up just shy of 300.
So I'm not gonna. I'm not gonna scoff and i'm not gonna be a greedy savage and be ungrateful, for making 300. In 30 minutes i mean that's still basically 100. Every 10 minutes but like i said i'll give it a little bit more time because i don't have anything else i need to be doing right now. Um. But yeah i'm certainly not going to force anything but i'll look around a little bit more. Have an order at 82, 35. 100, shares. Actually when i just show you this on my screen for those of you maybe not familiar so ostk. I want to go short hence the ssl. At 82, 35. 100, shares. I want more than 100 shares but, for the reasons, discussed. Kind of choppy out there kind of unsure. So i just want to more so tip toe with this one, so i'll just start off with 100 shares but it's got to get up and fill me relatively, soon. At 82, 35, i don't want some sort of slow methodical, move to get up there and fill me. And as of now. So that's what i mean by choppy like, it's just it was, flowing, and also look how choppy it's all sudden all the way down here. So at this point never mind. I'm just gonna cancel that. Out. And with that i'm taking it as um, the signal that just be done for the day clay, so yeah, it's 1006, so 36, minutes in i still have time to be trading right now but again goes back to the little miniature lesson, just because you have the time to trade, doesn't mean you should actually be trading if there's nothing out there that's really fitting. Your your criteria. And your environment, and you know the rules of your strategy. Now if you're sitting there saying well i mean i guess i don't really have an environment what do you mean by environment what do you mean by rules what do you mean by strategy i just follow what other people say to do, well at that point i'd encourage you to maybe. Reassess, your game plan because i get it that can work every now and then but if you're if you want to be in this for a long term consistency. Perspective. Then uh yeah you're going to need to find something that works for you, and like i said, at this point, uh ostk, as you just saw was kind of the nice little cherry on top that, yeah i think, for whatever reason it's kind of bizarre, but i don't know it's just it is what it is now if you're interested, in joining me and getting those alerts that you saw here so like i said that first one on nkla. It left me behind but members they saw the pattern they could have done very well on it but then you saw that 40, alert that i made which worked out very nicely for me so if you want those same types of alerts, then just go to claytrader.com. Forward slash team, and really the way to approach that is it's 99. For three months, so not 99. Per month 99. For three months, which breaks down to 8.25. Cents per week so the question really just becomes, do i believe if i invest 99. I can get at least eight dollars and 25, cents, per week, of value, if you think you can get at least eight dollars and 25, cents per week of value, then you'll get a great return on your investment, so consider that also a mobile app so it's not like you have to stay change your computer or anything, as far as this video is concerned.
I i Know it was kind of a slower one only one trade, but like i said at the beginning these are live trade videos so this is just how day trading goes sometimes. Uh but, if you want more exciting ones quote unquote then i mean i offer a playlist on the channel. So go watch those ones but if you just like these live trade videos in general. A, very quick easy, time efficient way to communicate, that to me just please hit that like button, also comments questions suggestions. Leave those down below. And then as far as the channel as, a whole check it out like i said a lot of other live trade videos, a good variety of videos, so hopefully you like what you see enough, to want to hit that subscribe, button, and then again if you want to join me and other quality traders get those alerts get the watch list that you were seeing here, just go to claytrader.. Claytrader.comteam. And uh hopefully uh yeah you decide to join but if nothing else please just hit that like button take care thanks for hanging out. 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.