0:03 hey guys Brian from barabol traders it
0:06 is Tuesday May 15th just go over a
0:09 couple trades I did in the room at the
0:11 open I announced I was going to be
0:17 watching em TDR and WT w so I just had
0:20 the two stocks I was watching somebody
0:22 asked me what I do if they don't pan out
0:24 I'm always watching the TI scanner and
0:28 listening to Andrew what he's doing as
0:32 well so if my trades don't work out I
0:34 you know I hope them just move on
0:37 and speaking of trades that don't work
0:39 out M TDR did not work out I was looking
0:42 at it because it was gapping down kind
0:44 of like the initial price action here at
0:47 the pre market wasn't really doing much
0:52 and 9:30 it kind of held steady here
0:55 tried to pop up failed and I said it was
0:58 gonna take shorter just at the 30 to 40
1:02 level which was about the low of these
1:06 candles and so it broke there I entered
1:09 a 3/32 40 and didn't like the way it
1:14 behaved so I took half of it off at 32
1:19 30 and I said I was going to take the
1:23 other half stop out at back at flat 32
1:25 40 which is exactly what happened so
1:29 when went out and again this trade just
1:32 didn't pan out the way I hoped to I
1:34 really was looking for a flush to the
1:36 downside instead we got a got a double
1:40 bottom here and I did not play that but
1:42 I I guess you could have there wouldn't
1:44 have been but it was a gapping down so
1:45 the potential for it to go up wasn't
1:50 great so I didn't play it then this just
1:53 basically was a trade that did not work
1:56 as planned unfortunately respecting
1:58 stops I didn't lose anything on the
2:03 trade and the other one I did was this
2:06 WPW I announced I was watching that so
2:08 you can see at the pre market a really
2:10 broke higher I did not expect to see
2:12 that the reason it caught my eye WPW was
2:13 one of the
2:17 very few green stocks that was on my
2:19 sort of extended watchlist that I keep
2:24 and noticed it has stood out because it
2:25 was like I said one of the very few
2:28 green stocks in my list and I kind of
2:31 thought maybe I might break down instead
2:34 it it broke higher I did not take that
2:37 trade like partly because I was focusing
2:41 on mt ADR and this I missed out on this
2:43 one I don't know if I would have taken
2:45 it long anyway because the market was red
2:45 red
2:47 so it was fighting a trend but you know
2:49 you can see you got a really nice run on
2:54 that hit the high the day reversed
2:57 immediately and I started watching it I
3:00 watched it on this Bear Flag wish I had
3:02 taken a short would have taken a short
3:05 like right here as it broke down from
3:08 this level I thought about taking a
3:10 short here I did not so it try it
3:13 continued lower and then we're back here
3:15 and then we're back up and then double
3:17 bottom so that's when I started well
3:21 looking at it again I saw this it did
3:22 break a little bit lower sometimes a
3:24 double bottom will break a little lower
3:27 but it held you know didn't break too
3:30 far lower and then it came up little
3:33 little bull flag there and that's I
3:38 think I got an entry around 78 30 on
3:40 this when I saw that it wasn't gonna
3:43 make this make another low so you know
3:45 my stop out would have been this level
3:48 right here low you know somewhere just
3:52 over 78 and I was hoping it would get
3:58 back to 79 at least and which it did so
4:03 I hung on to it sold half at 79 and the
4:05 rest of it it just kind of floundered
4:07 and then I thought no not gonna go
4:09 higher so I bailed on the rest of it at
4:13 78 87 I think it was so that was a
4:16 decent trade and as everybody knows I
4:19 love these these double bottoms they are
4:23 always very tradable and risk/reward is
4:27 good on them usually so
4:30 yeah I like that trade anyway that was
4:34 the two trades one worked one didn't and
4:37 that's it so guys well Sam gals we'll
4:40 see you in the room tomorrow morning and
4:42 this is Brian Baer bold Raiders hoping
