 What's up everyone want to come on here and make a quick trade recap video of how I made about $1,600 in less than 20 minutes. So I want to talk about this stock LIFW So LIFW was a stock that's been in play over the last couple days It made a pretty substantial move from $3 all the way to $17, right? So what ended up happening is it had that big initial move from $3 all the way up to $17 and Failed all the way back down to $5, right? And then after that it had a pretty big move this day, right? This day here from $6 From $6 all the way to $11 and then failed all the way back down, right? Failed all the way back down So today this LIFW was up, you know 50% on no news and I'm like, alright, you know This is pretty exciting. This stock has shown that whenever it pushes up. It's gonna fail back down Whenever it pushes up, it's gonna fail back down So the key on something like this is to wait for the trend to change to wait for the signal Something to tell you that all right, you know instead of being on the front side of the move It's turning to be the backside move So what I did is pretty simple guys and I'm gonna show you our MIC strategy is based on support and resistance And a bunch of other little tiny details that you know, we tell you once you're in the community But most of all you could see that what I'm gonna do here is I'm gonna draw a resistance line around the 750 area I'm gonna draw another resistance line here around this $8 mark. Okay? So I'm drawing resistance based on the previous day's price action I know that once this stock tops out It's gonna fail right why it did it on this day and it did it on this day So in the stock market history tends to repeat itself, right? So I keep it really simple draw my resistance line here around 750 and draw another one here around $8 So now let me show you exactly how I traded it. So what I do here So at first I told myself because this stock Likes to rebound and because this stock has a history of rebounding a lot further than I expect That tells me that I have to be a little bit more cautious with my trading, right? So first things first as I told myself, you know what? I'm gonna give myself a max size on this setup I'm gonna give myself a max size of only 2,500 shares, which is about a tenth of my normal position So normally I would take about 25,000 shares on a stock like this But because I was a little bit afraid of it because of the past move that's made I said I'm gonna cut it by a tenth and I'm gonna only use 2,500 shares max size. So let me talk about how I scaled into this So I took a 500 shares starter at the first initial line the first initial line I took a 500 shares starter when it got to my second line, right when it got to my second line I added another 500 shares. So at this point I'm in 1,000 shares around like a 770s average not bad But then I saw this signal I saw the first initial death candle signal on elevated volume and when I saw this signal I was waiting to see if the bounce failed as you could see it had a little mini death candle here But the bounce instantaneously reclaimed so I'm not gonna take that trade I see that it had an elevated volume death candle. So I shorted the bounce, right? So I took 500 shares 500 shares right to a thousand shares and over here I added another thousand shares so at this point I have 2,000 shares and again the best thing that could happen is the stock bouncing and failing and as you can see it didn't bounce to some random level it bounced exactly identically to this key area and failed you see that you see that and at this point It had a major death candle washed out and I called it a day this trade took from 947 to 1006 so it was about 20 minutes and I ended up netting about $1,600 on a 25 hundred dollar on a 2,500 share position So I made a pretty substantial money amount of money pretty quickly with low stress High reward and low risk and this is our M.I.C. strategy that we look for every single day, right? Had I taken my initial 25,000 shares like I wanted if it was a different type of stock, you know This could have easily been a $16,000 day, right? So it's pretty quick trade recap pretty simple to understand pretty key areas This one teaches you resistance teaches you support teaches you how to scale in and how to size into a stock So you guys like videos like this if you want to see more videos like this Leave a comment on this video leave a like on the video and subscribe to the channel So I'll see you guys on the next video