[LIVE] Day Trading | Losing Money on My 1st Trade... (not fun!)
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 five minutes pretty sure i'll be watching. Ticker symbol, mrna. Out of the opening gauge for those of you not very familiar with my uh setup here, and we'll see what happens that's always subject to change these are live videos meaning. That this is not a voiceover, this is not some sort of post commentary. You will be getting my raw thoughts. My raw. Feelings. As things play out live right before my very eyes. Sometimes that means we'll be watching levels that never come into play, uh case in point here, uh watching mrna, and i'll just show you, so you can have you know kind of a little documentation, of my thoughts but made this alert in the private community if you're not familiar i do offer a community but point here being that. I've alerted well that wasn't the most straight up line there we go 68, 15, as a flush point flush point meaning looking for the price to go down. And yes for those of you that are, new you can make money when prices go down, that is known as going short, shorting, a stock, so we'll see if 6815. Comes into play but again it might not, but i'll go ahead and pause and i'll see you back at the open. Market opens up here in less than a minute a change of plan, had a member alert. Grwg. As it going crazy and it is definitely going crazy, in fact let me bring up the pre-market, chart so you can see right there all of a sudden this volume bar has just surged right in, so i'm going to keep an eye on this one out of the opening gates and we'll see what it wants to do. No idea if i'll make a trade on it but uh yeah definitely seems to be relatively, promising, with that surge of volume so we'll see what happened market opens up and now in about 30 seconds. All right i switched back over here to mrna. I like how it's you know got the gap down it's now it's bouncing, 68, 15 was that key level as you saw and believe it or not you just can't make this stuff up look right where it bounced from. 68, 15., so that was the key flush point as you saw did not break down through there. So the power of charts. I'm gonna get that alerted now. As a potential, dead. Cat. So some good stuff there. Absolutely. Now in hindsight i should have just bought it like 68, 20, but um i was definitely more bearish minded. But let's see what this thing. It's relatively, choppy right now that's the problem not a whole lot of volume so this is one of these where you can. Chop the pieces, relatively, quickly, on it you know. Just the volume's too weak right now. Not enough volume, for me to. To be totally sold on what's jd doing. Oh jd that's quite an impressive. Movement. I mean you can't go long right now that would be totally cheap but i'm curious on a potential, short maybe build a short sided position here.
But As of now. Wow. Kohl's is just getting. Destroyed. Once again. How did gr. That one ever do anything. Kind. Of. Right now i am uh. I mean i don't say, i'm struggling it's only been two minutes in but i feel like. I haven't quite picked the right ones to watch. And the thing is kss, was on the watch list too i just. What about 69. Is that going to be, it's just so choppy. 69. Yeah i just need to stay away from it volume is just not where i want it to be. I was bowing doing. Going yeah volume. Sc, booming, oh. Wow. That definitely needs to alert right there. Quite the movement right there. Let's see wants. To. Make its way back up. All right well i will go ahead and pause, and uh kind of just took you a. Walk around the markets here to open things up and as of right now. Not really seen anything that i can work with but that can always. Change. Watching, ostk. Here for a potential. Breakdown, through 112.. Only going to do 100, shares because this is a very very volatile, one. Would like to see this bounce up up over 113. There we go. And then come back down but like i said very volatile stock. So in there at 1 1206. Thinking. Ideally that it wants to drop back below 112.. It is bouncing back up now but big spread on this one. Exactly why i only did 100, shares. So if it actually comes back down to 112, i'm gonna add to the position another 100 shares but if it keeps moving up here. I'll have to. Bow out of the position. Like i said if it does want to roll back over, i'm going to add another 100, or try to at least at. 112.. But as of right now. If it goes up over 115, i'll have to. Be out with about a 300ish, dollar. Loss. Yeah 115, needs to be the stop-loss, area. I mean if it could fail here and go back to 112, that'd be great, but as of right. Now. Not looking so. Good. Let's see if he can get, pushed back down here. All right all out there 340. Loss. That's a shame. Well i'm glad i managed my risk via position sizing had i gone. You know 500, shares that would have been a, i mean that's a 1500. Loss right there. But uh it was looking like it wanted to potentially go down did not work out. And now look at this thing just continue to go so getting out where i did feels good all right well. Let's see what else i can find. And ostk. Just continues, to move upwards. So, i'll tell you right now that loss. Feels very good i'm still curious, i think this thing wants to come back down. I just think my timing was a little bit off on it. So i'm watching, 115. Here. It looks like it wants to get down there through 115. I might be interested. But i'll go ahead and pause for the time being. All right watching 114. I got 101. Shares, i wanted more than that but. I guess i'll just have to take. What was willing to give me there. So let's see if this thing can get down to at least 113. And ideally, break through. That. Knocking on the door there's the break. All right well have 50 shares left, very very disappointed, on this one if you were watching the orders you would have seen that i. Um i, had i was going for 500, shares because i like the setup. And rightfully so it's working out beautifully, right now but i got 101. Shares. So that's how i ended up on 101.. Let's see if we can get the breakdown, actually this is getting pretty overextended, so still have 25, shares left. So yes, um. Quite disappointed. Very very disappointed, and we're right back to, where i was, and i get it so look at this, once again, 112, being that stubborn, area where it's looking like it. Might want to bounce from. All right all out there so i mean got a winning trade on it should have um.
Because Let's see i got in at 114, and i scaled out somewhat yeah so i should. Should be back in the green but shoulda coulda woulda. But 112, once again is looking, very very interesting. So much so that if it goes back down there. Yeah 112, that's right where it bounced from again. Let's see. I'm not going to take it on this candle, i want to see this candle close green. There we go. So if it wants to work down here now. I'd be interested in taking it but i got to be i got to be careful with my emotions, here because i am feeling that sense of frustration. Uh. Because like i said i wanted the 500. Only got 101.. And i mean that could that could have been. Well over five should have been well over 500 dollar trade had i been. And had i gotten what i wanted but uh so that's why i had a goofy amount the 101. Because i was going for 500, but just got that partial, share. I'm kind of stalling, right now i realize i'm repeating myself, but all right i will go ahead and pause and we'll see if it wants to come back down to 112.. All right once again maybe, approaching. 112.. Knocking on the door. Okay in at 112, i think this is going to be the time where it finally goes. So let's see if we can get some more downside. Pressure. Here. So it got the break now just a question of can it get more. Continuation. No it's gonna be one of these difficult ones to get out. Huh. So let's see if we can get a little bit more to the downside. Well now it's starting to potentially, bounce back up so i don't like to see. That. Can i get there we. Go. Okay took out 200, shares, still have 100, left. So let's see if we can get the break down through 111.. Wow that fast up over, 112.. Well i'm glad i took out those shares where i did then. Because now i'm losing money on the 100 shares that i still have. We'll see if it wants to come back down here though. So again by trying to let the position work for me this is what happens sometimes, is the shares that you're trying to let work for you all of a sudden. Turn around on you. But still trying to be patient here a little. Bit. See if it wants to come back down. And get below. 112.. One twelve, fifty. Okay i'm wondering if i want to try to re-add, back in another 100 shares. Well, never mind on that just happened way too fast now the bid's at 1 12. Let's 30. if this thing wants to roll back over. Well i definitely feel very good that i took those profits where i did. Because yeah right now this is getting a little. Not a little very annoying. What is that 112. 35. Let's see if we can get a move back to the downside. Here. What are we having okay 14 minutes right now. Wow. All right all out there so i think i ended up losing money on that trade. I don't remember, maybe break even i can't remember where i was but yeah those last 100, shares, they ended up costing, me. 121.. So yeah that was a slightly losing trade. In hindsight, yeah i coulda shoulda. Woulda. Just taking out all all the shares down there but. No mrna, is going. You know i still like that 112., i feel like if it can get back down to 12, or at this point more so 112, 30.. This is just a great pattern here. Because it still hasn't quite, violated, that. All right i'll keep a close eye on it, all right again, watching, os2k. Ostk. In here at 1. 12, 40.. Looking for the break finally, of that 112. Mark. Let's see if it can finally happen. Again in at 1 12 40.. And we'll see what it wants to do i will go ahead and pause for the time being, well. It's sitting right around that area. Just really a question of can it get enough. Bullish or excuse me bearish momentum to finally just. Give up. And one for 112, 40 is actually the key level of support right now watching the level twos there's a big hidden seller buyer in there. So it's looking like if one 1240. Breaks. Then there's a great chance it'll at least get down to 112.. So 112. 40., very clear hidden buyer in there. So i'll keep an eye on, it. So what i'm going to do is if one. 1240. Breaks, i'm going to add. I'm just going to get in, i don't really care as long as i get in before 112, because i think. That'll be a sign that, this thing is finally ready to go. But it's that 1 12 40 mark, that's got to break. So i'll be watching that very closely on level twos and if uh it pops back up it being 112, 40.. I'll get the video rolling again so we can see how it behaves. Uh at well it's starting to pull back here a little bit. All right here we go watch so let's watch 112, 40. that disappear, disappeared, i'm in. I think this thing finally wants to get down through 112.. I think that big buyer is finally out. So let's see this thing move down to 112, and then break down through it, so 400, shares average of. 112.32. There we go there's a break of 112., let's see some more downside. Momentum. So it took out. 200. Shares still have 300. Left.
And This thing just bounces back up this thing is. Just not giving me the type of flushes that i want to see. Being patient with it though. Can it get down through 111, 70 i mean it should really just be going this is a great technical pattern breakdown there we go can we get through 1150. Yes we can, kind. Of. So out there still have 200, shares left. You know and after my last traumatic, experience. Just gonna go with the hundred shares now see if we can get. The breakdown, through. 111. Oh what is that low, uh 111, 25, seems to be there we go. So, 50 shares left. I'll hang on to 50, hey there we go all right. See if we can get back down there to, the 110, 50 mark. And then get a break down through it and i'll look to try to take out some more, profits, down around that. Area. Again want to see it try to attempt to get down below 110, 50.. There we go there's the. Break. Okay 25, shares left now. And, at this point let's uh. Let's see if this thing wants to keep on moving. If it goes up over 111. 51. I will get out. So at this point and not a matter of and i think i'll be i think i'm back yeah i'm back green on the day which is nice. But now it's just going to be how green am i going to get because i don't know how far down this thing actually is going to want to go. If this thing breaks down below 110. Excuse me 110, yeah no 110, yeah because this thing's so volatile i'll move down my stop but it's out of first breakdown, through 110.. All right so where it's it's now close enough. So like i said right now. I'm just simply moving my stop down so if it does break down through 110, then i'll adjust my stop loss down again. So just to reiterate, it's not a matter of if this is going to be a winning trade it's a winning trade, the only question is how big of a winning trade is it going to be and that's, the spot that we want to be in as traders. Although looking like i might get stopped out here if it goes over. 111.. And all out there. So hey, look at that, i am now. Green. 76. Dollars. And the key dynamic, of that trade what saved me what bailed me out, not bowed me out because i was. That's the wrong word, that's a little true dramatic i'm acting like i was down ten thousand dollars or something. What got me too green was the level twos and you heard me walk myself, through it, notice the big buyer i said you know what if that. If that number if that buyer, is gone i'm adding more, they were gone i added more, and then i got it behaved just like i thought it would no i'm not paying myself on the back i'm not trying to say that i'm some sort of great trader, all i'm saying is level two. You gotta learn level two level two not a holy grail tool not always gonna be perfect, but it's definitely a tool that, uh you know contains, a whole lot of value, and when you combine it with the chart, then you can give yourself some good opportunities. And and this situation. It was uh you know an opportunity that took me all the way out of, uh you know the the, red into the green i don't even remember what i was down i think i was down like 250. Bucks or something like that, now i'm up 76, so what was that like a, 300. Something dollar trade, and now it's bouncing from that point so overall though, um i'll take it happy to be back in the green, uh it's 1001, so 1001, up 76. And really at the end of the day i mean i'm not a greedy savage, if you just stop and think about it, where, in the world can you make in 30 minutes. 75, dollars. Not that many places, and. And that is again that's. That's been a bumpy ride too that's not even assuming like everything went smoothly, i mean i started off. In the red and now i'm back to green. And i am gonna go ahead and wrap things up here like i said ten o'clock, and, as far as the video is concerned, i think this is long enough going on almost 23 minutes here but final few things, uh or just kind of recap quick learning lesson, learning lessons. Just take the losses, keep the risk under control, and yes i know well had you held clay. It would have went in your favor, yes that's true in hindsight, but had it continued, to grind higher and higher and higher, i'd be looking at a four or five digit potential loss here especially on ostk, which can move very very quickly, so don't play the hindsight game but, by managing, risk by taking losses and like i said my i only made one winning trade on this i think let let me. This is just on me right now. Yeah that was a. Uh no no that's not true, i made, so i was, i made two good two, winning trades two losing trades, so i was only right 50, of the time but i ultimately, still was green on the day.
Um I think that's right. No no that's. You know that is right okay yep i've made, four trades on it two were winning two were losing, remember the one was a losing trade because i decided to hold and try to let that hundred shares work for me and then it went my favor and ultimately, caused it to be a losing trade. But that's, but to the counterpoint, there is but then the last trade that you just saw i did let the position still work for me and by hanging onto those shares, it ended up going in my favor and i made that much more to it to the tune of you know bringing me up to 75. On the day. So manage risk, let positions work for you, um and again level twos, level twos, this i was able to get back to green. Because, i decided to add back in i decided to i took notice of something, and when that's that quote i'm going something when that buyer was gone, that's when i you know, upped my position size and then things ultimately went my favor just like i thought it would because that hidden buyer had finally been taken out of the game but overall if you enjoyed these videos. Uh, then, quick ways to do that first off the very quick way just hit that like button that lets me know hey clay please keep making these videos. Second, comments questions suggestions, please leave those down below, would love to hear from you, and then finally, if you enjoy the, this video then i'd encourage you to check out the rest of the channel and if you enjoy the rest of the channel i hope you decide to hit that red subscribe button, i'd love to have you as a subscriber to the channel so 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.
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