 Hey everyone welcome to today's day trading recap for Wednesday August 4th small green day today plus $126.50 no-bindy 90s my biggest loser actually today was my pairs trade in the Russell versus the Nasdaq I was looking for the Nasdaq to straight stay long and strong and the Nasdaq to get weak and the exact opposite happened so minus 5 10 50 on that one on my runners twitter minus 432 amd minus 40 ba minus 470 uber minus 16 and then dug myself out of a little hole later in the morning zoom plus 465 netflix plus 590 and the nasdaq plus 540 so let's go and i'll show you what we did here let's start with uh well i've got amd on the screen so i'll start here so amd had this initial push up so when it pulled back here got long looking for a continuation higher it bounced up i got out of some and then it started to roll over and i thought maybe that's all it had amd is very extended on the daily chart uh it did end up ripping up and going higher but i cut out and ended up taking a uh a $40 loss on the trade i've just i've really been focusing on cutting my losers quick and um and so i did it here didn't work out in this instance but i know the way to consistent profits is to make sure you're cutting your losers quick so you win some you lose some uh bowing i did let it run a little longer than i would like uh and it turned into a losing trade had this real big spike out of nowhere there was some news about the 737 max getting certified in china anyway this spiked up with the massive volume so when it pulled back here got long cut a nice profit here i think those options were up 40 or 50 percent right here at the top i got out of some and then when it pulled back i reloaded looking for another push and as you can see that didn't happen so just kept coming down i added here caught this bounce so i took a little profit off of that piece and then when it rolled over i just cut out so ended up taking a loss on bowing uh unfortunately i had a really nice profit there but i was expecting more uh uber was basically a scratch uber i had on my screen because they announced earnings after the bell today so if we take a look at uber uh uber had this big down move and with volume it bounced right here got short got out of some down here i kept waiting for this thing to break and it just kept chopping chopping chopping so when it bounced up i was just done with it cut out here and basically scratched the trade minus 16 in uber uh okay and then my later morning trades first one in zoom zoom uh zoom had a big push big spike in volume so just on this little pullback got long here caught that little run up for plus four 65 uh netflix did something similar so netflix made this big push back up to highs of day i was looking at getting long right here i did not pull the trigger uh pushed through and then when it popped back up and pulled back here that's where i got long and i cut that run up there for nice uh profit of 590 and then lastly the nasdaq nasdaq nasdaq so the nasdaq which i was looking for a fall apart earlier in the morning showed uh it wasn't going to do that pushed all the way back up to near highs of day in in positive territory so when it was bounced around here i think it was right here i ended up getting long it kept holding uh holding uh positive positive cell got long here it was just consolidating looking for an upside continuation runner and boom it hit and i think i got out of my last piece at 15 oh one oh so almost tagged the top some nice trade there for plus 540 so small green day on the day i'll take it 126 50 price action was really goofy this morning with the the way a lot of the stocks were acting compared to the broad market didn't have the uh just didn't have the flow of the market with me this morning i definitely lost out on a lot of long opportunities early in the morning uh for example i was looking at potentially getting long tesla right here on this pullback would have worked out fantastic didn't take it uh talked about it so hopefully some other folks in the room caught it um i was looking at um oh i think i was looking at facebook anyway i can't remember oh yeah facebook right here as it pulled back i was talking about facebook and that obviously worked out fantastic but uh i had a little bit of a bias uh earlier in the morning with the uh with the way the stocks were acting with the price action with the with the nasdaq kind of choppy to down the s and p rustle dow they were all kind of weak so i was really looking for more downside didn't happen so i missed out on some of those long trades but came out with a small green day in the end so i'll take it we will be streaming live tomorrow on thursday we are offline on friday so we'll look forward to seeing you all tomorrow take care