 Hey everybody, Austin here gonna do another trade recap today But before I do I want to say I'm not licensed or registered I'm not a financial advisor and none of this should be taken as investment advice even if it sounds like it Okay, so the the trade I'm going to be going over today. It's kind of like a multifaceted Analysis of the like the three-day move that it had You know, I'm gonna go over all three days of the move because I traded it pretty much all three of the big days And so yeah, let's get to it. So day one we had it was the big mover, right? It was the it was the mover that ignited kind of like the excitement in long in longs again I got a nice long out of the open and then I kind of got caught in this short Yeah, I bought it over here sold it up here and then started shorting it up here and you know got caught in this grind It's been a while since I got caught in a short grind, but I got caught in it Then I tried to long it and failed and then I got a little recovery short over here and fast forward over here It we had a midday reclaim which is kind of like my favorite kind of setups Mid-morning midday reclaims of for longs. These are like the best, you know Then we had this other push right here this epic stuff and and I attempted it here, too But didn't that didn't come and then I kind of just gave up on it the rest of the day I came back and I saw it at nine and I was like no way no way. So anyway, this was my first trade on it Just oh Sorry, that was not it. What if that one it? Yeah, this one's it. Okay. So yeah, like you can see I bought it up here It's kind of messy actually bought it here sold it here You know buys and sells here then I tried to short it and got caught see the cover up here And then I put it back on and then eventually got caught just shorting it, right? Yeah, I think This was a long and these are all shorts These are all shorts and and I'm just covering Covering covering because I'm just getting caught in the grind and right what saved me here is that I Have a rule when I'm shorting frontside I don't allow myself to go more than half and that pretty much saved me here You know like I tried to recycle here got stopped out at the high of the day because maybe it was gonna rip It's it kind of stuff So I re-put the short back on and you can see now I'm giving it a little bit more patience trying to play off 350 idea And so you can see I tried to add here at 350 stock said we're not stopping so I you know I cut it again, and then I have a new idea I say well maybe 350 is not the top and four might be the top so I start scaling in a little under four Just in case four is gonna be the top and I try to go a little bit over four and just in case it's gonna stuff I just get you know, I just get you know blown out of the water by the strength. So I just cut it Nothing too bad nothing that keeps me from trading it throughout the rest of the day right that used to be my biggest mistake is I would fight a sock too early in the morning and then be just Wrecked P&L and emotional wise and I can't trade it It's a day the front side short rule saved me never go more than half on the front side That's my guess my golden rule Don't ever let myself be more than half until the trade starts to work And then I can put the rest of the my size on or maybe even decide it's worth more size With when I have a fixed set risk that I'm in love with All right when it's just surging there's no fixed risk. I'm in love with I'm just playing with 350 I'm playing with four, you know, so Then I decide wow this is really strong. Maybe it's gonna be the one right It's gonna be the one and good thing to note right CEI This is a recent reverse split and the PR on the next day This is a very classic setup normally not the next day Normally a stock over split in the course of the next week sometime they'll PR and then it'll go nuts Right a lot of times they try to go nuts on the first day and they normally fail Because there's no PR attached But you know a reverse split and then the PR comes a couple days later And that's when you normally see the excitement and so this was kind of one of that classic play the I call I call the reverse split and PR play But anyway, so I was like I started to get really excited like this might be the one the one that could just it already broke range Expectations, I don't think anyone expected this at 250 to go to five But it totally just expected broke the range broke my range expectations for sure And so I'm like it could do it again if it did it once it could do it again So it starts to get long by us on the trade, but I know I'm a little high up here So I ditch it willing to rebuy and right over here. I'm like, okay. I'm getting really excited actually to be honest I'm getting really excited right here. I'm thinking it's really gonna go over 450 I buy for the 450 break in 450 stuffs and I ditch the trade right away So I'm like that's not good right if when trade with something that should happen doesn't happen Well, it should have went up here. I felt and when it didn't I thought okay all the people like me that just bought are totally bailing So I need to bail fast. So I did bail and then I got a quick short out of it with some covers down here Just a little technical breakdown short. I wasn't swinging for the fences You know because I still eventually want to long it and then so I think I got one more trade on it on the On the first day in here. Oh No, yeah, so and then yeah as I said, yeah, so then I get The trade I want out of it, right? I get my favorite setup, right? I get the the reclaim setup So I notice that we're starting to base here at 350 which on the last chart You'll notice oops. That's the same one on the first chart You notice it's kind of like the highest consolidation here, right 350 is the high of the consolidation. So I Notice that we're holding 350. It's a hold. It's a whole and a half dollar number It happens to be the top of the morning. So I was kind of excited about this hold You know the strong perk and there's an entire low here, especially with this kind of big red candle But still a hold I really like that so I decided to put on a little bit just using my bias I have a long bias on the stock at this point and Using the pre-made channel just to get a nice quick scalp out of it I wasn't going to throw that money away. I saw an opportunity to make a scalp trade So I took it we make another higher low here, and we were holding VWAP. That's pretty cool. It's not you know I don't use VWAP as a you know God rule, but it's more of a guideline So I noticed that we're trying to tank VWAP here. It's concurrently making a higher low, right? It's making a higher low and it's making a higher low with the morning too if you drew a bigger time a bigger Time-frame trend line. It's making a higher low from the morning So it's keeping trend and this is what I fall in love with the domino effect, right? I talked about this in a lot in my videos, right? So we break over here 390 we can get to four which in step can get us up to this 425 breakdown level You know like all this can bang bang bang and one candle two candles. That's kind of what happened So I bought here and added took some profit right over here at this resistance You know one can say that I could have added up here, but I had a nice average I wanted to protect it. I might I was considering adding more around four. I didn't get it So anyway, I just kept it the size I had I took some more off here And I tried to leave some room for hire But you know we're you know my idea for the trade was to get over these covers And I you know ideally these covers kind of in the same blow this Stop-loss area at five in the stop-loss area at around 460. I kind of wanted that to erupt so You know when I feel like I'm running out of covers to sell into that's the only reason why I'm in the trade, right? I end up selling it here, and this is actually this isn't a buy This is I oversold my long position and had a you know a small short position that I quickly had to cover because I didn't Want to be short anyway, but then we come back over and I'm like all well Maybe this is the time we're gonna break five, you know psychological whole number five, right? It's it's proving that it's strong everybody under here is now under water So I'm like why not just keep you know if it's working keep going so I put an ad on here, and this is very important I am very aware that this is a potential stuffing area So like I immediately have pro I immediately was able to take some off right above five As intended, but then you know I can't show this because it's not a live trade, but this was fast I don't know if you were watching this trade at CEI, but this push here on five was fast it was just so fast and I just you know the second it stuffed I was like I need to get out because that's not what I wanted Right, that's nowhere near what I wanted. I knew it could stuff, and I knew if it did stuff I had to get out I Hated that it stuffed, but I got out you know like and good thing I did because if not I would have been selling Down here in the 40s, right? So that was day one. I left it alone for the rest of the day and Because you know after that big stuff it kind of spooked me out from the long and And I had already recovered the day From the morning, and I was happy with just calling it quits and you know calling it you know You know fair trade CEI But anyway, then all that happened and so then I was really excited for day two right day two came along and now um day two came along and We're tapping down big time right and so this is a this is a I almost like day two is better than day one's because The setups for day twos are very defined right. You know what to do if it gaps down Then you know what to do If it gaps up I prefer day two so much better because there's you get it I've in my opinion. I get a better read on the sock. So we're gapping down. That's a big sign of weakness I feel like anybody all of the shorts potentially already got squeezed and there's definitely a lot of long snout under water All right people thinking that it's gonna gap up and and go and rip So like I noticed 650 here is the level that I'm 6 6 60 here was the level that um it kind of topped out on Pre-market so what I start to do is I start to think maybe this is the top right we double top here And I'm thinking I this I can easily see this gapping and crapping right or gap down and just total fail So that's what I that's what I trade for my idea is based off the 650 to 660 level But I'm willing to start early when when we start failing I'm willing to start sizing in early when we start failing up here So this was my day two trade on it You can see I started I started in pre-market thinking if it's gonna fail. I want to be a part of it at least small Nothing. I'm convicted to obviously but like pre-market's pretty illiquid. So I'm trying to I guess anticipate a little bit, but it's not something. I'm super Super convicted in as far as size is concerned. So, you know, I try over here I stop out, you know, I get back in when we start to top out here We're going to the open and I'm not stoked that we're not tanking but I Decide to put a little bit more risk on because the tape seems pretty Pretty erratic, but you know, like stuff it's stuffing but not going anywhere So I decided to that like maybe maybe this maybe this range of 650 range 650 660 is gonna work So I put on a little bit more. I'm still half size at this time And then this this big push kind of scares me But I'm willing to stick to my 650 660 risk on the trade I'm willing to put on an ad up here one last ad at like 650 or 60 And that's gonna be like the rest of my trade I'm gonna call it quits if it just like a you know a quick ad right near the resistance and if the resistance breaks I'm totally cutting it. So I let this I let this rip happen and when it starts to stall I Attack, you know when it starts to stall and like when we break over the prior high a day here And we don't keep going I see that as kind of a big sign that the stock's heavy the stock's tired It's time like we can definitely roll So I I decided to move the orders down and now fix my risk to this high a day now That's basically what I do is I had a 650 60 area risk But the second we stall and and and short out here I kind of just decide to move the orders down and I and I changed my risk to the new high of day So that's what I did. I decided to take a little bit of profit right here Just in case low a day and pre-market lows wanted to hold It didn't thank God it didn't I was able to get some nice covers Recycled it back and Covered here and I left a small piece on as I am trying to do a lot better on I'm trying to leave a small piece on I didn't get like the 75 covers that I wanted Or the 50 covers that I wanted So I'm holding out for lower. I want to cover it like 450 or 40 But we we grind up we're starting to get past the first hour We get this huge slam and the huge slam is enough for me to take the rest off So this is where I end my trade on day two It did end up going lower You know if I would have been a little bit more patient with it I could have got better covers I'm happy with taking the trade off here though, you know, I was happy with that like this is this is the trade I wanted this was the meat of the move. This is the part that I could anticipate what happens later One I don't have the pit I don't have the you know that much patience for this and two I don't think it's as Probable as this I think this is the probable This is the the meat move that I want and this is the kind of the bones where maybe you can leave a portion on for this But like for me this can come back, you know, like what if this catches a bit, you know, it's middle of the day I want to be out So that was day two and today I had a trade on it. Oh Sorry day three day three. It was kind of dead. So I didn't even touch it but day four Day four, I guess we got a nice pop today and I took advantage of today. So Today we were really spiking hard today, right? Like this just came out of nowhere and just accelerated and huge and so what I did isn't I guess the proudest move But I'm not too ashamed of it just because I was kind of buying on momentum So basically what I did was the sock was just grinding grinding and it was holding a trend It was holding a steep trend and I was very aware I had a tight risk on the trade the whole time But I decided to buy once this didn't break down and it looked like it was holding trend again I thought maybe we could break through five and keep going and we did but it just didn't we didn't I wanted it higher I was hoping we were gonna go all the way to six I was wrong and like I was able to take some off here And I you know I bailed on the rest of the position when it failed and so here I actually get short Here is when I actually get short and this sucks right this totally sucks because I Get short and then I end up covering right here right before the tank And then the cover that I had the stupid cover that I had like I didn't clean house Right, so I had a cover down here that I had to quickly sell but then I decided to rebuy it Right. I decided to rebuy it because I'm like this is such a drastic tank I'm figuring that this could maybe trap because of what sgbx did today Sgbx kind of did a similar stuff move and totally failed and I'm like well Maybe people see that and think the same thing's gonna happen See I was easy to borrow so that was going through my mind So I'm like maybe this can totally squeeze back and I'm and so here I start building a long position here And I said I sell a little bit here, but I'm like no this is going higher So I rebuy it here. I start selling somewhere here around the view up area I'm still holding at you know more than half of the position, and I'm really waiting for the big homerun trade, right? Kind of a maybe a little break of discipline where I should have taken off like a third. Well, I did take off a third. I Like you know, I guess in hindsight, maybe I'm only letting hindsight dictate my analysis But in hindsight, I should have taken another third off But I wanted like another third up here and then saving another third for above higher day Like I was really going for the guts of trade and it didn't work. So I had to sell and One thing I noticed was that right over here When this trend broke is when the the nice short play came and this is a very classic setup I called the overextended trend break, which is why I got short and So when I saw this trend break and that was so nice I was like, okay. Well, maybe it's gonna happen the same thing I saw this trend and when I saw this trend break I loaded up short here and I was able to get a nice end-of-day profit and end of day to you know, 2 30 p.m Over, you know overextended trend break kind of crack, right? So That was my trade on it today. The SSR made this trade kind of different That's why you see a whole bunch of arrows over here. No, but there's only a couple I guess like But yeah, SSR made it really tough to fill here. So that's what that's all about But yeah, that was the That was my trades on CEI over the last week. I Don't think I have anything else to go over except, you know, like I Guess maybe the key element is just the trend break right trend breaks trend breaks make it so simple Like if you can just like stocks will always follow the trend like most of the time And we always try to make things more complicated if you just stick to the trend You know stick to the trend like this is a steeper trend than this But when the trend breaks, it's over when the trend breaks. It's over right like Maybe like I almost want to just only do this setup from from now on It's a lot easier even though we don't get them as often But anyway, that was my trades on CEI if you have any questions on my mentality or thought process Please feel free to to question. Have a great day. Aloha