 Hey everybody, Austin here I'm gonna do another trade recap this time on CIFS a trade I did a couple days ago and in conjunction with this Trader recap on CIFS I want to go over an issue that I've been kind of talking about in my last couple of videos regarding bias flipping And you'll see why it's a good example When when I go over my trade on it on why I'm having a particularly difficult issue or It's one of the things I'm trying to work on is being able to buy a slip and I want to go over some of the hurdles and And ideas I have regarding the topic. So my trade on this was You know nothing nothing too good like nothing too bad, it's just kind of mediocre I Made money in the in the beginning of the day small scalps and I and I just kind of gave it back here ended up Small red on the day after being small green on the day So, you know, red the greens never good, but this wasn't that important of a trade Considering it was a big chase like I missed the first move. You know the first, you know When this this popped up in the morning, I heard that a Furu had bought it and And then it started to tang I'm like right here at the bottom at 150 It's when I actually took it off my radar for something else and then it just spiked the last that next time I saw it was at 260 and Then I kind of tried to make up a trade a little bit out of this, you know, this isn't the best Overall like setup, you know good setup considering that like the big part of the move and just happened already But I felt it might have a little bit more. I bought this little inflection point here where I felt the top the tide had changed Small size overall Given that you know this we're buying here at 270 when it was just here at 150 But you know it as expected. I didn't have a lot of conviction in this and I was quick to exit But then we came back and I said, oh, let me try again got a little bit of a fat finger here I wanted to buy over three ended up getting three ten And I added on the high of day break, which I don't often do and you'll see here one thing I did is I Did buy over the high of day break, which I'm not normally comfortable with doing but Because you can see that I wasn't comfortable because this is an area where I consider there to be what I call dump risk Now if there's dump risk I'm very often like it's very often has to work right away for me to be comfortable and I this question actually got asked in The weekend mentoring this last weekend, you know like What do you like what do you look for at high of day breaks or breakouts and I'm like, you know what? I don't often buy high of day breakouts just because they're often stuffy and The rare times that I do If they don't erupt right away or if they don't just soar Like immediately I immediately get a little bit nervous and hesitant Like I had prematurely bias flipped here. I wasn't able like had I not shorted I might have tried to long again here over three ten because this to 90 fail to break down where I did short You know, I thought this was the level to short because it failed. I Would have said hey look at that now all people who shorted over here or the people who were banking on this You know shorts that were banking on this to break down and then over here banking on it to break down They're they're not happy, you know And so like I might have been able to put along here on this break of three ten, but I was done I was totally done and so it might have cost me another long trade Like I don't know what My mental my mental where I would have been mentally had I not taken the short I presume better But I kind of want to go over this too Had I So normally I talked about I want to see The level there that I would have stopped out at Trigger first because I am very often early or I used to be a very often all the time early now I miss more plays than I'm early, but My biggest fear is that I'm going to get in too early get stopped out and the trades gonna work in my favor And so normally what I like to do is wait for these failed breakdowns or failed to break outs to short and this is essentially Where like I Did stop out where I would have stopped out and then I would have been right if it continued to tank on me on the Shore so for me It's this is actually kind of like a failed to break out like everyone who this was a large volume candle this 400,000 year candle. I'm sure a whole bunch of you know like People covered slash bought here