 So we are August 10th, and it's 9, 16 a.m. 14 minutes before the market opened. And I think we're gonna have good opportunities because the CPI number just came out, the market is gapping up, and I have to get ready. Just finished the morning session. It wasn't bad, it wasn't great, but at least we're moving forward. So that means I'm green on the morning. I look at my PNL, even if I shouldn't look at my PNL. But overall, there was a good trade. I was just a little confused if I made money or not because I traded like 300,000 shares this morning on it. So I was kind of confused about what if the commissions are more than my actual PNL, but overall I still agree in trade. So that's pretty good. And I'm gonna be breaking down this trade a bit later in this video because it's a very interesting trade. And I don't think it's that obvious if you don't think about it deeply. So pretty hungry, so I'll grab a bite, and then after we'll just move forward with the rest of the day. All right, so we're gonna have a light lunch, sparkling water and a protein bar. I could say that it's because I don't wanna feel stuff for the rest of the day, but the truth is I just don't have food in my fridge and I'm doing grocery tonight. So we'll last on that and close the day and after I'll eat. So I just came back to some really unfortunate news. The stock I was talking about this morning, we ended up leaving pretty much for lunch right when it started to break out. I don't know if it was the right or wrong decision. Maybe I should have stayed and skip my afternoon walk. I think over the long run it's still a better decision to go outside for a walk before the afternoon session. I just think maybe the timing of this one could have justified staying around. To give more details about it, my average was something around the 18 cent and I had like 50,000 share and the stock went to 32 cents. So that's a lot. A lot of money on the table. You do the maths, that's like a good five, six grand easy. That's just been given away for a protein bar and it's sparkling water. So all right, we'll take it a little cooler and I'll come back. So the day is over, it's 3.55 pm, started to rain and I also took a loser on my last try on that setup. I don't think it was a bad trade. I think it was a pretty good trade but it just didn't work out. So it's not one that I feel really like mad about. I think it was appropriate and I think taking it over time, considering the idea that I had would still be a positive result or a good EV trade. So I'll take a quick break and we'll jump into the review and talk about the trade and really break it down and then we'll try to learn from it. By the way, at any point during this video, don't forget to check out the links in the description. I didn't link all the best tools for day trading that includes broker, scanner, charts and news feed. And also if you enjoy, like and subscribe. So let's get back to the video. I'm literally eating Jell-O like a little kid because these are five calories. So if you are in a sugar need and you need a little boost in your day, you can eat them and not get fat. So that's the trick. All right, so the trade we're gonna be talking about is gonna be on W-E. So the stock went from around the 14 to the 32 cent, which is a very good move. And even if we look at the prior day, it closed at 12. So it's a very significant like parabolic move. And on something like this, I wasn't trading it because I think the company is gonna go better, gonna be better. It was actually supposed to be bankrupt and that was pretty much the PR. But we saw recently that a bunch of these PR, like which one it was, it was Yale. It went on a PR news from the like 78 cent to $5. We also had some stuff like Mullen, which are not necessarily bankruptcy news, but it's a company that are expected to go bankrupt in the low like 10 cent, go from 0.09, so 9 cent all the way to 33 cent. So there was also TTOO, which was just another like really penny stock in the 5 cent that went all the way to the 45 cent. So these are funny because you were talking about pennies, but in terms of percentage of range, they're moving like massively. So I thought considering the like what we saw recently, it was pretty appropriate for this stock, the one we talked about, W.E., to have like a pretty big like move, just considering like what was the tendency and the sector and like the overall momentum. And actually W.E. is a real company. So even if they would go bankrupt, they still have like equipment and all that stuff. So what we see over here is I was buying it of the 16 cent, so pretty much right at the open. And my really bigger picture risk was like, even if they would declare bankruptcy while I'm in the trade, I would probably lose like 2 cent, 3 cent at most because the stock wouldn't go just, it wouldn't stop trading in a day, would just go OTC first, so off the counter. And then it would just trade over there on that type of market. So how much lower can it really go? Like it could go back to 10, 12 cents. So my big picture risk was pretty low, but it was just about really timing it right and make sure I wasn't really too early. Cause yeah, if you're just buying it with like a small position and you just close your eyes and you say, oh, if it goes higher, it goes higher, that's easy. But I'm still trying to maximize the profit. So I'm trading pretty big size on this, between 50 to 75 K share position. So every penny that you lose or it's going to be between 500 to 750 bucks. So I really don't want to lose four or five pennies for nothing. But at the same time, it's something that if this would happen, I wouldn't be like, you know, like crying. It would just be like whatever that sucks. It's a big loss or decent loss and life goes on, but I still want to trade the trade as it should be traded. So I entered pretty early. It was a bit, the price action was really weird. Sometimes it had like a pretty big spread, but overall I was just trying to, you know, get as big as possible and took most of my profit here. And I just tried it again here. Like I slide my position on. So I just added for like a break. And when it didn't break, I just took the trade off cause I was like, I just seems a little sluggish. This should have went higher. And this is where I went for lunch. I went for lunch pretty much around here. And we had like really the big move I was expecting. So pretty discouraged about this. That's what would have been a pretty nice, you know, at least, I'm sure I would have got pretty big over here. So between five, six to 8,000, at least a dollar win. So a little, a little sad about that. And over here, I just tried again versus like technically, I was risking this pivot low, just thinking that this was a steeple bag. This could definitely just start to grind, grind, grind and go in the after hour as I expected. So I was trying to just build a position and it was unfortunate. But when I saw like this volume coming in on this candle, it was just time to get out. So I'll just show on e-signal. So I bought it off this, it was just over here. I knew that people are gonna be shorting it on this breakdown. So when it starts to be claiming, there's this push that we get. This is just a question of do we get like a bigger move or like I was expecting this chop for like a long time and then move in the after hour. But as soon as I saw that we kind of like had this little bounce and like, you know, a pretty weak move over here, for me that was just like the exact short entry if I was gonna be shorting it. I was gonna be shorting it like right here versus probably this 29 and then covered, you know, just below VWAP. That would have been the trade. I just didn't want to really short it because I didn't think it was gonna move that much back down. I was expecting maybe VWAP a bit lower. So I was like, you put 26, 4 cents or 3 cents. It wasn't worth the commission because I traded on this name about 350,000 share or give or take a bit more. So you have to think about the fees, right? Just taking that trade before winning or losing cost in me roughly about, you know, 800 bucks, 900 bucks at least, you know, just of commissions. So you have to take this. So making 3 cents, if I'm gonna show it's 50,000 shares is gonna cost me at least in and out like $300 to take this trade. So if I'm gonna make 900 and 300 bucks of commission, it's not really worth it. So I didn't take the trade because of that because I didn't think there was gonna be a much enough range versus on that side, I thought I was gonna be getting over here and grand, grand, grand, going the after hour and go to like 50 cents. That was like my bigger picture trade. So that's how you risk reward or profit potential was just much better. So that's gonna be it for today. If you enjoyed the like and subscribe and I'll see you guys in the next one. Peace.