0:03 So I did two trades on Tesla. One trade
0:05 on the short side and one trade onto the
0:07 long side. And the key here was that I
0:10 quickly covered my short position and
0:12 flipped my position to the long. And if
0:13 I wouldn't have done that, if I wouldn't
0:15 have got a stopped out, it would have
0:17 been a very very big loss on the short trade.
0:23 So Tesla on a daily chart uh you know
0:25 just putting everything on perspective,
0:27 let me remove all the levels uh that we
0:29 have here. Tesla was near, you know,
0:32 near the 52- week high yesterday. Popped
0:34 up. Uh it's not alltime high. Alltime
0:37 high is at 480, which goes back to 2024.
0:40 Uh but uh we did break the 52- week high
0:43 at around 473. Today was you know a day
0:44 that I looked at it and see potentially
0:46 if you can get a you know break up or
0:48 break down. But as you see it made a new
0:51 high of around 480 and obviously alltime
0:53 high is at 488.
0:59 um at the open um open really weak so
1:01 really sold off for the first uh three
1:03 uh minutes and I thought that oh that
1:05 could be a good short because we also
1:07 had the market atlas looking at the
1:08 market atlas that potentially can you
1:12 know go towards uh 460 465 and you know
1:15 going down so they did a really nice one
1:16 minute open range breakdown I didn't
1:18 take that trade would have been a really
1:19 good short if you want to go short here
1:22 put a stop loss here but I didn't take
1:24 that trade went down to this level. It
1:26 this bounced back a little bit and I
1:27 said, "Okay, I'm going to short it here
1:29 if you want to break the 466." And the
1:31 market after was showing some orders at
1:34 466. I went short and then suddenly
1:36 really squeezed back up uh with some
1:38 really good volume. I decided to add a
1:40 little bit more on it on the short in
1:42 case it shows weakness and wants go
1:44 lower again. Remember in that time was
1:47 minus 1% in the day. So I say, "Okay,
1:49 it's weak. Market is kind of weak. Let
1:51 me add a little bit more on that." So,
1:53 this is not averaging up. It's actually,
1:55 you know, adding to my position. But as
1:57 soon as the squeeze with volume went
1:58 through the VWAP, I said, "Okay, I'm
1:59 going to get a stopped out on it." And I
2:01 quickly got a stopped out. And then
2:03 since the volume was really good and
2:05 this candlestick turned out to be super
2:08 squeezy candlestick, I decided to uh
2:11 flip my position and go long on that.
2:13 So, not only I covered my short, but I
2:15 went long on this for the break of high
2:18 of the day. and market atlas after you
2:20 went through the VWAP completely
2:23 switched to uh bullish and then you know
2:25 I added more I added more we did break
2:27 the high of the day one time here came
2:29 back up to the VWAP my you know my
2:30 average was you know somewhere around
2:32 470 I still had the belief that it could
2:34 possibly go higher you know added more
2:36 back again the market atlas was really
2:39 showing uh going up and as you see here
2:42 went up uh red to green it did drop at
2:44 one point and it would really worried me
2:45 and uh that was exactly my average
2:47 around here 478. That was my original
2:48 stop loss. I was thinking of getting
2:50 out. I was so close to get a stopped
2:52 out, but that turned out to be a file
2:54 fail drop and then quickly bounced back.
2:57 If I would have got a stopped out here,
2:58 I would have probably got back in there
3:00 long here because that was a really
3:02 quick squeeze out of the VWAP. So, and
3:04 this is very important because sometimes
3:07 you really uh you know do this failed
3:09 fake breakout breakdowns and then
3:11 quickly come back up. So, that was the
3:12 moment that I would have probably got
3:14 back in there. And then we did a red to
3:16 green and really nice move up. Market at
3:18 was very clear on that. And then I
3:20 actually decided to continue adding to
3:22 that position to break the 482 which was
3:25 the 52- week high of yesterday which
3:28 would be the 52 week high. And we did go
3:30 all the way up to 482. I think the high
3:32 of the day was 4826. I got out some at
3:35 482. It did bounce back and I did a 920
3:37 trade on it. I kind of knew that it
3:39 might not really work. So I came to 920
3:41 moving average. I went long and then I
3:43 got to stop the the break even uh which
3:45 it was kind of at the the VWAP and that
3:46 kind of lost hope on it that it's going
3:50 to go anywhere. So that's as simple as
3:52 uh you know you can get you know but
3:54 this is very important that you know the
3:55 getting a stopped out is the most
3:58 important thing that people have to
4:00 learn. If I was short here and I
4:01 wouldn't get a stop down and
4:03 continuously adding to my position here
4:06 I would have blown up my account. So you
4:07 a lot of people are telling me what's
4:09 the difference between adding and you
4:12 know um you know averaging up is when
4:16 I'm averaging up I have this really big
4:18 stop loss in my mind that is the VWAP.
4:20 If it crosses the VWAP you have no
4:22 business staying short in there at least
4:24 not based on my trade book and my
4:26 strategies and that's that's probably
4:28 this squeeze is probably coming from a
4:29 lot of people that they need to cover
4:31 their shorts and that's why it's
4:33 suddenly you know squeezes really fast.
4:36 you get out and flip your position. If
4:38 you really think that uh you know it's
4:40 just turn out to be a good trade on the
4:43 long side. Uh just flip your position or
4:45 if you you know sometimes you get a
4:46 stopped out here you can always come
4:48 back and you see even if I would have
4:50 come back here still I would have
4:52 getting a really good move on this. So
4:53 don't be afraid of getting a stopped
4:55 out. That's a big uh one of the big
4:58 problem that uh we have and on a two a
5:00 five-minute chart is uh I looked at the
5:02 five-minute chart actually it did become
5:04 when I took the trade it did was
5:07 becoming almost a bullish engulfing and
5:09 this bullish engulfing was one of my
5:11 favorite strategies you know and I
5:12 explained that in my book as well. So
5:13 for those of you who are still reading
5:17 books in the AI time this is a really
5:19 good uh book that uh to learn about
5:21 these strategies. So, and you see it did
5:24 really work out very nicely. And more
5:26 than anything else, I want to talk about
5:27 something guys about getting stopped
5:30 out. Yesterday, somebody emailed me and
5:33 he said that uh one of my friends is
5:36 continuous constantly buying this funded
5:38 account and he doesn't know how to
5:40 trade. Uh can you do something about it?
5:42 And then we checked the email and I saw
5:43 that there is one person that actually
5:46 has bought six funded account and blew
5:49 them up. So I asked Mike to email him
5:50 and say, "Hey dude, guys, don't don't
5:52 don't don't don't buy the fun account.
5:54 You don't have a strategy. You just keep
5:56 losing money on that." And he emailed me
5:58 back. I can later share the email uh
6:00 without name in the newsletter. And he
6:02 said, "Andrew, my problem is I I cannot
6:05 get a stop out." [snorts] So what we
6:07 recommended to him is that first of all,
6:09 don't waste your money like this. Uh
6:12 practice on a simulator and practice on
6:15 accepting the loss. It's very important
6:17 to accept the loss otherwise you just
6:20 keep you know burning your cash like in
6:21 the market or in the funded account or
6:23 any challenge or anything like that is
6:24 accepting the loss is very important I
6:27 know it's painful I know not it's not in
6:30 our human nature but it saves your life
6:34 it saves it protects your life and uh
6:36 it's very important to accept the loss
6:38 as painful as it can be but you always
6:40 have the chance to get back and that's
6:41 the very important lesson that you
6:44 always have the chance to to get back
6:46 into the trades and it is going to
6:48 happen. If you want to become a trader,
6:52 you have to accept that uh market has
6:54 the it's the nature of the market. You
6:57 cannot be 100% correct. The Connor, one
6:59 of our fun account traders that actually
7:02 made over $10,000 and I paid him uh two
7:04 days ago, he had an accuracy of only
7:08 30%. 70% of his trades were loss, but
7:11 because his winners were big, he was
7:13 profitable after 3 months. Uh and of
7:15 course sometimes he gets lucky with the
7:17 one or two good trades and it really
7:18 helps in the uh you know pushing the
7:20 profit up and that's what you really
7:22 want and we did pre uh you know publish
7:25 a paper on that that with 75% loss and
7:28 25% accuracy you can still significantly
7:31 beat the market if you let the winners
7:35 uh just run for you. So accept the loss
7:38 and uh keep your trading very uh simple
7:41 and um you don't need to make many
7:44 trades. You know for me uh you know you
7:45 look at my chart there's a lot of dots
7:47 but it's actually two trades. You know
7:49 partials and ads are part of that trade
7:51 management of one single trade. So if I
7:53 want to show you guys what's happening
7:56 here um
7:59 um so if I want to show you what's
8:00 happening here. So that's one trade that
8:02 I got stopped out and then I flipped my
8:05 position and these are all one trade.
8:07 Obviously these ads worked and one ad
8:10 didn't work and I don't blame myself. I
8:11 don't cry that oh why this ad didn't
8:13 work. It's just the nature of the market
8:15 that sometimes it doesn't work for you.
8:17 And your job is to find those patterns
8:19 and recognize those patterns and trade
8:22 those patterns uh nicely. for my main
8:24 trade book, the opening range breakout
8:26 strategy. I have a step-by-step crash
8:28 course that you can watch and learn for
8:31 free. Comment the word ORB and I will
8:33 send you a link with three different
8:35 trading strategy crash courses from
8:37 three different head traders at the
8:39 Bearbull Traders community. And don't
8:41 forget to give this video a free like if
8:42 you appreciate transparency and
