0:02 hey guys it's Brian from bear bull
0:06 traders just thought I'd go over a swing
0:09 trade that I did on Thursday night into
0:16 Friday and it was on roku r okay you you
0:19 can see here it's a recent IPO not a lot
0:25 of trading history and on thursday had a
0:27 binary event there was earnings release
0:32 and had a great quarter quarterly report
0:36 and subsequently stock surged higher you
0:40 can see this big green bar here and i
0:42 understand also that maybe there was
0:44 some significant short interest in this
0:48 stock so you can see here a significant
0:52 gap up and really an illustration of why
0:54 I don't like to trade things like
0:57 earnings events cuz obviously a lot of
0:59 people felt that earnings were gonna
1:02 come in late or under street estimates
1:06 and the thing was gonna tank and they
1:10 were wrong badly wrong so you know you
1:11 you know there was a lot of pain there
1:15 if you were short down in this range in
1:16 the 20 range and he woke up in the
1:19 morning and you er saw the stock trading
1:23 at $25 and it got worse from there so
1:25 again it's a illustration why I don't
1:28 like to trade earnings call so you know
1:29 if you'd have been long yet but it went
1:32 great for you but a lot of people were
1:34 short and it wasn't so great and so
1:37 that's why I just don't like trading
1:39 earnings just feels like too much of a
1:42 crapshoot for me no matter what you know
1:45 you think company's gonna report you
1:47 just never know till that opening bell
1:49 anyway I don't want to dwell on that I
1:53 want to talk about my swing trade so the
1:57 you can see here the previous high close
2:00 was on the second day of trading is up
2:03 here so clearly the stock traded well
2:06 through that and continued up to close
2:10 near the all-time high you can see this
2:12 reversal day here but
2:17 yeah is nice strong market price action
2:20 all the way through the day and close
2:21 near the high of the day you can see
2:24 that little tail there that just just
2:28 off the high and lots of shares 30
2:31 million shares traded so technically it
2:34 looked really nice for a set up going
2:35 into the following day Friday for
2:39 another you know gap up and sure enough
2:42 that happened this is one minute chart
2:46 on roku kind of covers the latter half
2:50 of latter part of Thursday and into
2:52 Friday morning so you can kind of see
2:55 here I had bought some shares back in
2:57 this range when the stock continued to
3:00 show strength so I started my starter
3:04 position back here and it continued you
3:05 know into the last hour trading we had a
3:09 nice little kick up and then
3:12 consolidation a little bit of profit
3:14 taking here getting close to the close
3:17 held support got me a little concerned
3:18 here I just didn't want to see a tail
3:21 right off but it held support and then
3:25 pop back up and I added to my position
3:27 in these last couple of minutes here so
3:33 next morning woke up I'm up nicely 31
3:37 dollars and it did a nice little
3:40 consulted you know consolidation here at
3:43 this 31 dollar level and then opening
3:45 range breakout so I took some took a bit
3:47 of shares off here just to take some
3:50 profits booked some profits and then
3:54 like I said this three three minutes and
3:55 then a nice opening range breakout and I
3:58 think I took the rest off around 30 to 30
3:59 30
4:01 yes range I felt it was getting pretty
4:04 extended at that point and so I could
4:06 have played it through 33 I suppose but
4:09 you know like I said I was pretty happy
4:12 with the gains I had made so I just just
4:15 booked it and that was it so lovely
4:17 little opening range breakout this is
4:18 the kind of thing that we look for in
4:21 the day trading room as well you know
4:23 you can kind of see this you know
4:25 sellers and
4:27 buyers are fighting back and forth
4:29 trying to decide which way this thing
4:31 goes and then a couple minutes and it
4:35 starts to to go to the upside so maybe
4:37 some more short-covering who knows but
4:40 anyway a buyers were still in control at
4:43 that point so anyway that was my swing
4:44 trade love the way it set it up it set
4:46 up no binary events the earnings report
4:52 was behind behind me and had good volume
4:55 technically it set up really nicely for
4:58 a continuation into the following day so
5:03 took that trade and will make book some
5:06 profits anyway I hope you guys learned
5:08 something from that and we'll look
5:10 forward to seeing you in the chat room
5:12 on Monday morning little bear traders
5:17 and I hope you guys have a great rest of
