[LIVE] Day Trading | You Can't Always Make Money as a Day Trader
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 um i'm kind of scrambling here let's see pck looking for 14 upside break point here in pre-market so what i just typed there was to my private community so as you can see there i'm watching for a 14 upside potential movement here on p p e c k and i missed it but got filled on the back test so i'd like to see if this thing wants to make somewhat of a move to at least maybe 14.50 but 14 sure is being stubborn there now all of a sudden look at all that size going through at 14 and it's not budging now and down it goes well if this thing gets back up to 14 i will look to add oh wow and now it's down wow doesn't want to make a quick snap back upwards does not seem so on this thing just keeps getting worse and worse all right i gotta wait for some sort of bounce back upwards but this is gonna be a loss i'd like to see it at least back up to 13. come on at least get up over 13. let's see what happens just watching it here and now it's just dropping even further if it goes below 1250 i got to get out for all right well drop below so starting the day down 700 i swear i don't even know why i bother trying to go long i really don't and it may get back over 13 but i just couldn't risk it anymore at that point having that loss get even bigger and bigger yeah i really like that setup too and in fact you know i got a little bit of a breakout but just never got any follow-through and then just totally totally just collapsed back down so not a good start to the day market opens up here in about 15 minutes but i will go ahead and pause and let's see what happens all right just alerted tesla 720 150 a flush point established here in pre-market so maybe a pre-market trade as the market is starting to potentially make a move let me bring tesla pre-market chart back here so let's see in there at 7 21 52 like i said i think this thing wants to get moving to the downside although that break has me a little worried not nearly the the downside pressure that i thought it would cause let's see if the bears want to show up there we go 721 will be an important break here well a very lackluster volume break see if 721 can fail all right i'm just gonna hop out there for a 72 dollar gain i gave it time in fact i gave it probably more time than i should have and it still might go but that was a very that was a very big support level so to see it break and then really not get any volume at all i'm still gonna watch tesla but um just not what i was looking for and even if it goes like i said i feel perfectly fine about that just because it's not like i got the brake and then hopped right out no i got the break i waited and i waited and i waited some more for some volume to come in and then nothing ever really happened so i'll just uh apparently that that break wasn't as nearly as nasty as what i thought it was gonna be but i mean you look at that pattern there and that was pretty impressive but all right well i'll just take the 72 dollars let's see market opens up here in about five minutes all right watching btbt just alerted that 2550 flush point on the open and the opening is in three minutes so hopefully it can stay up above 25.50 before the uh
opening bell rings i mean it's flirting right around that area i'm still thinking if i want to hop in beforehand but after that tesla thing seems like pre-market volume right now is a little sketchy so i'll just wait and keep an eye on it on the uh the opening bell here but that's the current plan i'll go ahead and pause well not looking like it it's gonna work out you can see now the price is down below 25.50 and now it's moving even further downside there and isn't have you ever been there before look at that you the trade where you the trade where you take it it doesn't really behave like you think it will but then the trader like now i'm going to hold off it totally behaves and i mean look at that movement all already down below 25. well i guess the bright side is at least i alerted it to the community but ah just one of those mornings all right let's see market opens up here in about two minutes you know sometimes all you can do is laugh about it and the market is officially open what is that high 25 curious potentially play uh quick scalp to the upside if it can get up through 25 but as of right now just gonna let things play out here and bt bt continues to sting down it goes it just continues to go down well i can't short it here that's totally chasing and i owe okay maybe a short here we'll see what it wants to do very very choppy right now 52 20. what's tesla doing 725 i don't know this really wasn't that big of a cap down though i could see that i want to close the gap and i oh oh wow nah there's never a set up there to begin with just green and then all of a sudden totally red fubo just going basically straight up pull back here maybe 28.75 and they're at 28 i think this thing wants to get up through 28 70s there we go so all out there for another little quick scalp for 120 dollars because really what's catching my eye here btbt there we go okay 24 looks like a potential shorting area here although that volume and i oh crazy absolutely wild thing was going green i was you know mentioned being interested in shorting and then just turns right around like i said though there's there's just simply no uh you know technical setup there for there for that mrna pretty bearish oh more so we just pull back here all right qs yeah no sheriffs are short so not a fan of always feeling like my hands are kind of tied behind my back jd let's peck up to here i did get a did get back above 13. so hindsight like oh i could have just waited until the market opened up and i would have been you know the loss wouldn't have been as bad but that's good old hindsight for you too you just can't play that game yeah that's disappointing it just turned around so fast alright well i will go ahead and pause all right now we're in business here with uh btbt here 2550 looks interesting if it can come into play well maybe even higher than that now maybe 26.
would like to see it get up over 26 80ish that is close enough now if it wants to come down to let's see what is that yeah 26 15. or is this some kind of true bounce i don't know maybe this is a legitimate bounce right now it seems so see what it wants to do here tesla nice recovery back upwards i don't try to get in at 26.50 but i missed it shoot if you would have looked right there you'd have seen a white order and that means i submitted it to the market i just didn't get filled oh and now down it goes still wondering about 25 50 though not going to take it on this candle absolutely not but and that v webs got me a little nervous but i could see a scalp in there but again like i said i can't take it on this candle here come on stay above it there we go in there oh come on there we go see if we can get some more pressure to the downside here no it's just sitting here whoa that was a spike see if it wants to get down to that 25 50 area again okay at 25.50 can it push down through oh held up again all right well at this point i'll probably go ahead and pause i'm not going to make you sit here through this sideways consolidation where it's not really doing too much so i will go ahead and pause okay it's at 25.50 kind of big size there so that's good in the sense of if it fails you would expect it to move quickly to downside it's bad in the sense of i don't know if it'll fail all right i will go ahead and pause all right it's working its way down to 25.50 again
okay there's the break can we get more push to the downside i want to see this down below 25. okay took out 200 shares there i'll go with 100 now was hoping i would get the move and now this thing is just bouncing back upwards so gonna take a loss on those final 100 shares so ultimately only made 34 bucks on it shoot and now it's bouncing back up just yeah well i'll keep a close eye on it but uh yeah that was a disappointing trade but all right let's see what else i can find watching 51.85 here in there at 51.88 it comes back down to 52 i'm gonna add so i think this bounce is just a dead cat here so watching 52 to add oh i missed the ad shoot all right all up there yeah i had to take that and the reason i had to take those is because i wanted to have a thousand shares right now and still be holding 500 because i wasn't quite sure i thought it could have bounced from 51.80
so because it could have bounced i need to just get out of there and take it since that trade plan actually got messed up because again i didn't have the thousand shares that i wanted because i was too slow to get to add so again because i thought there was a likelihood that i could very well maybe bounce at 51.80 that's why i needed to just take i needed to treat it like i still had 500 or like i had a thousand shares so just because you get you don't get the position size you want doesn't mean you start to you know mix up your trade plan and now back up it goes all right i'm still interested in this one i'm not i just don't think i really believe that this is actually a true bounce maybe i'm just a sucker spy 5275 would be amazing i'd be shocked if it got up there but hey why not throw it an order up there at 52.75 all right i'm gonna go i'm gonna go in and pause an update here on btbt you can see it just didn't work out i mean it worked out enough for me to obviously make money on it but now look at this thing back up it goes so um yeah just beautiful setup in fact it's got me interested in it potentially again but um yeah i did want to give you a little update on that one just uh totally got the break of that 2550 it started to really get moving wanted to see the break of 25 but nope found some support right around that v web area and now it's uh actually a pretty uh impressive recovery to the upside here so yeah it is what it is i have an order at 5251 here looking to play a pullback here on this current breakout move i mean you definitely just can't chase these but if it wants to pull back a bit more i do like 52 51. key break is going to be that 53 dollar mark can it push down through there oh wow okay in there wow that was a fast move down give me 119 shares so i have what 381 left goodness this thing is all over the place all right took the remainder out at 52.80 that was uh crazy crazy movement there on that i mean when it broke down through 53 it went all the way down to 51.50 and that and actually i had that happen on what was the other one because i keep seeing this question come out um what was the other one um btbt when i was in so yeah i want to make a quick lesson of this btbt remember uh that that movement right there i got in and then this quick movement just this jolt to the upside before it did come back down clay where are your stops where are your stops i have stops but i'm not blocking them into the system because people that had stops locked into the system that movement right there was just uh i mean it was real but it wasn't real in the sense of it was some sort of fat finger trade there was some sort of somebody that just bought a bunch of shares and it shot it upwards quickly before going back down and same exact premise here on qs had i still had all my share or had i you know gotten in and then had a stop loss you know i mean that quick quick move down there what it would have got would have stopped me out and again that wasn't really a real move it did go down there i mean you can scroll back and watch the video to see how fast it happened but you know there are some people that probably had stops in down there and you know it snapped back upwards now at times can that work against you sure it can work against you but there's a couple of instances already where you know it totally uh would have would have taken people out of you know that you know good quality trade so a little lesson there on clay where your stops i yes i do use stops but just because you don't see in the system doesn't mean that i'm not using them it's just i'm not a big fan of uh those quick jolts you know taking me out um so that's to try to answer that question and i should probably just do a whole other video on that because i mean i realized it's buried where are we at even wise even time wise on this one um oh wow 25 minutes so yeah 25 minutes in doing a lesson on that but if you're still here there you go you got a a little lesson there okay well i will go ahead and pause have an order at 53.15 i realize that seems
far away here on qs but as you've seen this is a very very fast mover so i figured i want to get the video rolling to capture if it breaks 55 just how fast it may or may not move no it doesn't not sure if it's going to break even down below 55 but if it does i'll get the voodoo rolling all right at 55. and once again held strong again i'm at 53-15 okay there's the break kind of an anticlimactic break really all right well i'll go ahead and pause well there's the bounce there so i was wrong thinking that i could actually pull back to where i wanted to see a pullback to so i was right in the sense of yeah looking like this pullback would be viable but that's a problem with trading you can be right about general ideas but i was wrong about how to actually you know get involved in that with the entry point so i'm gonna go ahead and cancel that out maybe a short here at 7 30 350 here on tesla want to see what kind of candle here forms but we may just have had a lot of longs become severely disappointed yeah there's a letter in there that's my daughter she's hanging out with me today okay 73. it's quite the candle here wanna see how does it ultimately form though yeah i think so no i already took it out okay daddy's making a video okay oh whoops that fast although not not really the candle i was looking for still might work out but and it is working out actually very nicely but with the way that candle actually closed uh wasn't quite convinced had it closed down a little bit more and more so probably below the 734 mark i don't like that candle that much more um so i'm not going to sit here and pretend like oh i missed taking it now i wouldn't have taken it anyways all right we're about an hour into the day and looking like uh well i've been planning on this being a red day regardless not trying to get back to the green i'm just trying to chip away at it um so i'll i'll look around for a little bit more but probably gonna be closing the day down right around the 300 mark which is something that doesn't keep me up at night at all i'm more than confident that i can uh get back those gains relatively quickly so like i said i am right now planning on this being a red day i'm not trying at all to get back to green so i'll look around though got a few more minutes before i need to move on with my day and i'll see if i can find anything else all right i am going to call it a day and wanted to bring up my actual account just so we could factor in commissions and figure out what exactly i'm down so right there down 300 we'll call it 30 on the day and it is what it is as a day trader you can't win all the time now i realize maybe some channels out there some people social media what have you they may make you believe they may make you think they may make you know give you the impression that you win all the time but no that's just not going to be the case sometimes you're going to have uh days like this where uh uh the pc wow what a beautiful setup and then wow did that thing sure turn around on me quickly and then it never even really gave me a bounce back up to at least shrinking up the the low or the loss a little bit more uh so i'd love to have kept that thing under uh you know the 600 loss area but like i if you remember way back when i wanted to see it bounce back over that 13 mark and it never even did that um so actually that would have given me uh saved me about 200 so yeah that would have should have been more so around a 500 loss but even that not only did the thing give me a beautiful setup not only did it flush against me but then it wouldn't even give me a little bit of a of a bounce to allow me to mitigate my loss a little bit more so one of those situations where nothing really went right on the stock and sometimes that'll happen now if it's happening to you all the time that would be a problem now if it happens every now and then like it doesn't mean okay that that's manageable and allowed for me to like sit and it was never trying to get all those uh that loss back today was a loss mitigation day lost control mode and yeah very happy with only being down 3 30. i'm uh not worried about that at all in the sense of oh great is it am i going to be able to get that back how long is it how long is it going to take me no it's i'm more than happy with that so if you enjoyed this video and i know it's long so if you're still here over 30 minutes long i mean that's awesome first off so thank you for still being here but just a quick request on my part these videos are not the easiest to make i have to talk to you i have to think for myself i have to make alerts in the community i have to you know press buttons on my own so there's a lot going on so what i would ask is that if you did find this video helpful then just hit that like button if you want me to keep making these hit the like button and leave a simple comment even if it's just an emoji thumbs up smiley face rainbow rainbow unicorn i don't care what you leave just any sort of comment below and hitting that like button communicates to me that yeah clay i enjoy these videos so please keep making them so that goes a long way and is really appreciated and then also just check out the channel as a whole lots of other man my voice is going lots of other live trade videos and hopefully you like what you see enough to hit that subscribe button as i'd love to have you as a subscriber to the channel but yeah get out there manage risk and realize that not every day can be a winning day 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