The content details a day trader's review of two specific stock trades, highlighting the importance of risk management and adaptability when initial trade plans don't materialize as expected.
Mind Map
Click to expand
Click to explore the full interactive mind map • Zoom, pan, and navigate
hey guys Brian from barabol traders it
is Tuesday May 15th just go over a
couple trades I did in the room at the
open I announced I was going to be
watching em TDR and WT w so I just had
the two stocks I was watching somebody
asked me what I do if they don't pan out
I'm always watching the TI scanner and
listening to Andrew what he's doing as
well so if my trades don't work out I
you know I hope them just move on
and speaking of trades that don't work
out M TDR did not work out I was looking
at it because it was gapping down kind
of like the initial price action here at
the pre market wasn't really doing much
and 9:30 it kind of held steady here
tried to pop up failed and I said it was
gonna take shorter just at the 30 to 40
level which was about the low of these
candles and so it broke there I entered
a 3/32 40 and didn't like the way it
behaved so I took half of it off at 32
30 and I said I was going to take the
other half stop out at back at flat 32
40 which is exactly what happened so
when went out and again this trade just
didn't pan out the way I hoped to I
really was looking for a flush to the
downside instead we got a got a double
bottom here and I did not play that but
I I guess you could have there wouldn't
have been but it was a gapping down so
the potential for it to go up wasn't
great so I didn't play it then this just
basically was a trade that did not work
as planned unfortunately respecting
stops I didn't lose anything on the
trade and the other one I did was this
WPW I announced I was watching that so
you can see at the pre market a really
broke higher I did not expect to see
that the reason it caught my eye WPW was
one of the
very few green stocks that was on my
sort of extended watchlist that I keep
and noticed it has stood out because it
was like I said one of the very few
green stocks in my list and I kind of
thought maybe I might break down instead
it it broke higher I did not take that
trade like partly because I was focusing
on mt ADR and this I missed out on this
one I don't know if I would have taken
it long anyway because the market was red
red
so it was fighting a trend but you know
you can see you got a really nice run on
that hit the high the day reversed
immediately and I started watching it I
watched it on this Bear Flag wish I had
taken a short would have taken a short
like right here as it broke down from
this level I thought about taking a
short here I did not so it try it
continued lower and then we're back here
and then we're back up and then double
bottom so that's when I started well
looking at it again I saw this it did
break a little bit lower sometimes a
double bottom will break a little lower
but it held you know didn't break too
far lower and then it came up little
little bull flag there and that's I
think I got an entry around 78 30 on
this when I saw that it wasn't gonna
make this make another low so you know
my stop out would have been this level
right here low you know somewhere just
over 78 and I was hoping it would get
back to 79 at least and which it did so
I hung on to it sold half at 79 and the
rest of it it just kind of floundered
and then I thought no not gonna go
higher so I bailed on the rest of it at
78 87 I think it was so that was a
decent trade and as everybody knows I
love these these double bottoms they are
always very tradable and risk/reward is
good on them usually so
yeah I like that trade anyway that was
the two trades one worked one didn't and
that's it so guys well Sam gals we'll
see you in the room tomorrow morning and
this is Brian Baer bold Raiders hoping
Click on any text or timestamp to jump to that moment in the video
Share:
Most transcripts ready in under 5 seconds
One-Click Copy125+ LanguagesSearch ContentJump to Timestamps
Paste YouTube URL
Enter any YouTube video link to get the full transcript
Transcript Extraction Form
Most transcripts ready in under 5 seconds
Get Our Chrome Extension
Get transcripts instantly without leaving YouTube. Install our Chrome extension for one-click access to any video's transcript directly on the watch page.
