 In this video, John and I will be breaking down a trade I took on ECB and talk about how I could have made a lot more money. Before doing that, a quick reminder that all the best tools for trading will be linked down in the description. Don't forget to check that out. Let's get right in. Every year they have a catalyst and they run up and they create really good momentum. So every time they're in play, I'm always excited to take some trade on them because they've been pretty good to me. So normally what I look for on a particular chart like this, I like to take them long because they're a legit company, but I just missed this trade. And I wasn't really involved in this talk until that particular day, that big red day. There was something interesting is normally when something run up that much, we can look at at a 15 minute, it was like this over here. I'm of course going to be looking for a short. And we were talking about it in the pre market or even during that day that I'm like, oh, tomorrow is going to be the big day. It's going to be the big short. During the pre market, I had a few ideas, but there was something that was just telling me that it wasn't really going to be a short or I didn't felt like it was a short just because had such a strong day. And then there was no what I call euphoria. Nobody was really talking about that stock. And when I want to play a big mean revision trade, it needs to be over extended from the prior day because the prior high or the prior range has to be far from the current price. And that was the big, big issue for me just in the pre market and I was just didn't want to short it. You know, I could have took options. I could have shorted stock multiple ways of trading that stock. But when we opened, you were looking at a different trade than me. And it was a short below. Around this thing, it was even tighter range than that. It was the 725, is that correct? Yeah, I just thought of it as my thought process based on our conversation was a little bit just the opposite. Well, we didn't get that gap up before you. So if we're going to open up approximately flat on the day, anyone who bought after hours or into the close on the prior day, they might dump it. So I was thinking of it being getting a quick scalp short. I wasn't looking for that all day fade, but my thought process was just based on our conversation was just that's how I was thinking of it. Anyone buying in the last 30 minutes of the day looking for that gap up, looking for that euphoria to sell into and it's going to open up flat, they're going to kind of bang out, lock in profits or minimize losses just in case, right? I didn't really like that idea. You were talking about it pre-market and for me, it was just like I'm not taking that trade. I know it often going to flush when it opens a week, but this is not the trade I'm looking for. I've been trapped so many times just being short risking this high or even like I'll take a white stuff, I'll be a 789 and it always, always gets me out and then I'm just down so much on the day because I decided to get really big because it's a big setup and it just didn't play out. So I decided to be patient on this name and when I trade these particular play, I of course look at the shorter timeframe because I'm not going to be watching a lot when these are in play. This is just my only focus. I'm able to really focus on one stock. And the way I was seeing this, I had a bit of FOMO when it opened really weak. And there was something, you know, there was just nothing to do for me because if it opened a week and I still wanted to get short, I needed some consolidation and then I would short like a low day break on for a second leg down just because I know it's not going to go higher. But when we're starting to sell off, it's a pretty good move. The stock wasn't SSR when it opened, but it triggered SSR on that push. And then this was a candle that made me all of a sudden really excited about the stock is we often see a stock selling off and then it makes a new low. And then there's just something different about this one is the volume that came in compared to the prior bar and also the big tail on that candle. So for me, it was just telling me that this is most likely going to be a short term bottom and I decided to get long at the top of that candle, just risking the the low of it. And then I went into the simple exit strategy, which is this is most likely going to be taking off this level, which is the open, the high of the open. And I want to exit on some kind of a four year because I don't know after if it comes back down weak or anything like that. So I took that trade and it was a good reversion trade, which is the exact same that I would have took to the short side, but just on the long side on a stock in place. So I exited everything on this over here. But for me, this was like I would consider this like maybe a C set up. I wasn't happy about this trade. I was just like, yeah, it's better than nothing. But that's not what I was really looking for in that day, which is OK. Sometime you have to settle for just small wins. By the way, if you enjoyed this video and you're getting value from me, don't forget to like and subscribe. I also did link all the best tools for day to day in the description. Don't forget to check that out. Let's get back in. Yeah, well, you also have to remember to, you know, you would game planned for you would game planned for a short, right? And you're just being adaptive to what the stock is telling you. Right. It might not be a home run trade, right? It's not an A plus, plus, plus, plus set up. Maybe if this maybe if this move was inverted, right? So if it was green, green, green candles, and you kind of get that topping tail at the bottom, maybe that would have been your A plus short. But for you, you saw it come down. If you zoom out just a little bit, that six fifty area was kind of afternoon support, you know, so you're getting a confluence of, you know, of buyers there after it goes in SSR. It stop runs six fifty and, you know, and you get that little, you get that little scalp long that you're talking about and ends up being at almost a dollar, right? So, you know, just because it's a smaller trade, you still get a really good move higher based on your risk. The hindsight, it was a pretty good trade. It was just not the home run that I wanted on that day. And I think that's fine. It's fine that I took it many times. I would have just get really aggressive on the short right after and just give back everything, which I didn't. I stayed patient and the next trade I took was when I saw this trap over here and then this reclaim, that was just something that was telling me that it didn't really seem like a good short. So I try to get involved a bit here for another long. And the home run trade ended up being again on the long side, which was just a nice little tight wedge on the two minute right here, which I went full size and then I was able to capture a really, really nice move, I believe all the way till somewhere over here when we broke that range, ended up being my best trade of the week. And it was such, it was when the charges creams buy or sell and it's like, you don't have to think that much versus trades that you need to force and really fight. And you know, you give it one shot, two shot, three shot. And then you're like, man, this is hard.