0:02 hey guys Brian from barabol traders it's
0:06 Tuesday March 20th just posting a video
0:10 here traded it in the room with Facebook
0:13 you can see here's the pre market action
0:16 it's kind of fading and then you know
0:18 just maybe 10 minutes before the market
0:22 opened really kind of dropped off see
0:24 much you know not much volume of course
0:26 this is pre market right just you
0:28 compare their volume to the rest of the
0:30 day and you can see that you know it
0:32 doesn't take a lot of volume to move a
0:35 stock in the pre-market lot more
0:40 volatile so you know the the Facebook
0:42 opens up and some bargain hunters come
0:44 in and I guess maybe some people that
0:46 were short come in and cover and almost
0:50 gets up to kind of wear this this level
0:53 broke down here and I made a nice double
0:54 top and I wasn't really watching it in
0:57 the room I was watching some other
0:59 stocks so Andrew called this out as a
1:02 short so I looked at it quickly and I
1:05 think I saw this double top and sort of
1:07 this failing action so I jumped in and I
1:09 got a couple bucks out of it and I was
1:10 thinking this was going to be the level
1:14 roughly around here where it might
1:20 bottom and it continued further down and
1:25 I was still watching it and I I saw this
1:27 bottoming action and a little bit of a
1:29 double bottom so I thought I'd take a
1:31 risk I jumped in and I figured it might
1:34 be good bad good back up to this level
1:36 which was about a buck so I think I got
1:38 a bit out of that as well on the upside
1:41 and then I didn't didn't play it again
1:46 until later in the day I was out and I
1:49 noticed it was you know down here double
1:51 bottoming so I I got a little bit more
1:52 on the upside on that one
1:58 and that was my trade on Facebook today
1:59 worked out pretty well I stayed away
2:05 from Oracle Oracle was I was watching at
2:09 the open but I know that the problem
2:13 with Oracle was 47 was prior
2:15 support a number of times over the last
2:19 couple months and I kind of figured it
2:21 was gonna have problem getting through
2:24 47 because of that prior support level
2:27 and sure enough it just didn't want to
2:29 break down much below there and it just
2:33 chopped around and I stayed away from it
2:36 fortunately I didn't trade it but you
2:37 know this is the kind of thing where you
2:39 got to be ready when you're day trading
2:43 you to be ready to adapt and and you got
2:45 a watch list but then in stocks you
2:46 watch in the morning but then you got to
2:50 be ready to shift and adapt so anyways
2:51 this worked out quite well for me today
2:53 and hope everyone else had a good day
2:57 in the room and we'll see you tomorrow
