0:02 hey guys Brian from bear bull traders
0:08 here it is Tuesday May 7th and just
0:10 gonna go over a trade I did in the room
0:12 this morning Andrew also was in on this
0:16 trade and it was on htz I was watching
0:19 this stock and another one I only kept
0:23 my watchlist a two this morning yeah
0:25 there were a lot of opportunities to
0:28 look at but again as I say before I I
0:29 don't like to get bogged down with
0:31 watching too many things because then I
0:34 tend to miss opportunities so try to
0:36 pick one or two good ones and watch and
0:38 focus on those so you can see here the
0:44 open at 9:30 it really didn't do much
0:48 continue to watch it and we had a bit of
0:51 a short squeeze here took us back up to
0:55 this you know pre market high pretty
1:00 close and this moving average and failed
1:02 from there so I really started to focus
1:06 on it at that point and this was gonna
1:09 be my sort of line in the sand here as
1:11 this thing came down this was the line
1:14 in the sand where watched the thing
1:16 break down and then take a short
1:19 position so I under got in a little bit
1:21 lower than I did I was watching it I had
1:22 it on my radar so I was watching a
1:25 little bit earlier I've got into it
1:30 around 1950 I believe and you know
1:34 traded it down to just above 19 I think
1:39 1902 or 1903 so when I got out and kind
1:42 of found a bottom there so again this
1:43 was sort of a classic open range
1:47 breakdown they they've been a little bit
1:50 choppy these opening range breakdowns so
1:51 they have to be a little bit patient
1:54 with them now before I was posting these
1:57 they were a little bit cleaner but there
1:59 seems to be a lot of people playing
2:01 these you know they get short pre-market
2:04 and then you get this squeeze you know
2:07 after the open these people that have
2:09 gone short all of a sudden find
2:12 themselves getting squeezed
2:14 and some of them end up selling and for
2:16 a loss so it's a matter of patience I
2:19 think for for some of these now just
2:22 letting them play out before taking a
2:25 position so anyway that was my trade
2:27 we'll see you in the room tomorrow
2:30 morning Brian a barrel traders signing
