This content details a day trader's experience and decision-making process during a trading session, focusing on specific stock trades and strategic avoidance of others.
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hey guys Brian from barabol traders it's
Tuesday March 20th just posting a video
here traded it in the room with Facebook
you can see here's the pre market action
it's kind of fading and then you know
just maybe 10 minutes before the market
opened really kind of dropped off see
much you know not much volume of course
this is pre market right just you
compare their volume to the rest of the
day and you can see that you know it
doesn't take a lot of volume to move a
stock in the pre-market lot more
volatile so you know the the Facebook
opens up and some bargain hunters come
in and I guess maybe some people that
were short come in and cover and almost
gets up to kind of wear this this level
broke down here and I made a nice double
top and I wasn't really watching it in
the room I was watching some other
stocks so Andrew called this out as a
short so I looked at it quickly and I
think I saw this double top and sort of
this failing action so I jumped in and I
got a couple bucks out of it and I was
thinking this was going to be the level
roughly around here where it might
bottom and it continued further down and
I was still watching it and I I saw this
bottoming action and a little bit of a
double bottom so I thought I'd take a
risk I jumped in and I figured it might
be good bad good back up to this level
which was about a buck so I think I got
a bit out of that as well on the upside
and then I didn't didn't play it again
until later in the day I was out and I
noticed it was you know down here double
bottoming so I I got a little bit more
on the upside on that one
and that was my trade on Facebook today
worked out pretty well I stayed away
from Oracle Oracle was I was watching at
the open but I know that the problem
with Oracle was 47 was prior
support a number of times over the last
couple months and I kind of figured it
was gonna have problem getting through
47 because of that prior support level
and sure enough it just didn't want to
break down much below there and it just
chopped around and I stayed away from it
fortunately I didn't trade it but you
know this is the kind of thing where you
got to be ready when you're day trading
you to be ready to adapt and and you got
a watch list but then in stocks you
watch in the morning but then you got to
be ready to shift and adapt so anyways
this worked out quite well for me today
and hope everyone else had a good day
in the room and we'll see you tomorrow
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