 Hey everybody, oh there. Hey everybody Austin here Just want to do a quick little recap going over my Givo trade today my long trade on Givo. Yeah, how's that one? I don't know how many people can say that they made money long in Givo today. I mean look at this great opportunity I mean, it's just plentiful Anyway, yeah made money on Givo not I guess extremely proud because I feel like I should have shorted it You know looking at this chart But I just been having such a hard time pulling the short trigger lately that I've just been having so much fun with these longs that I've almost forgotten how to short which is really funny because three years ago You know like my first few years of trading and just 99% short and all you know all of a sudden Like night and day just longs just became more fun. So anyway Let's go over it So kind of like INPX there was a moment in this trade where I kind of like I got a little nervous And so I I sold half again and got back in we'll go over that but just to give you the context of my morning. I Well, I woke up here, and I saw I saw Givo here like right around here around eight o'clock and I When I first sat down as when this dip was happening I almost bought that dip just go like hey look good opportunity right as I sit down Probably good thing I didn't because I didn't even know what the news was like my tick or some hadn't even loaded yet. I Used think or some for news And I probably would have probably would have ditched it here like after after it didn't work here But anyway, like right here was when I you know where I would have ditched it Like that's where I sort of paying attention like I thought it was gonna roll over here I actually even located it right when I woke up. I was like Jeevo's up like no shit Jeevo the perennial the perennial shit bag That's up. Yeah, they shares, you know Sacti located which makes it even more disgraceful. I didn't short it Like three years ago. This was my bread and butter, and I just didn't didn't take it today, but Anyway, so I started paying attention right here, and this is where I thought it was gonna roll over and Especially after this perk I was like, you know like I figured like after this perk like if I were going to buy it I was gonna buy it like over this perk If it was gonna happen, but once we got here I was you know, I was almost certain that it wasn't gonna give me the opportunity and I didn't want to like I didn't want to short down here like I've gotten in too much trouble trying to short trying to short weakness before cracks and like this would have been the more important crack for me and So, you know like when we kind of recovered and reclaimed this V VWAP I was paying close attention and you know in hindsight It was a little premature like this was the only this is kind of only like the first attempt to break down And I normally like to see it prove to me a couple times that it can't break down But this was pre-market and things can happen fast remark And then I'm sure that was playing a little bit of a role So, you know, I get it I got in here over this 410 break and there's a reason why like you'll notice a theme in my trading I don't like to buy higher day breaks. Just it's just not my stuff for me It's it's kind of too stuffy for my liking a lot of the times I just don't like to do it. There was zero chance of me ever ever buying 430 break here the pre-market. I was just not gonna do it like in less in less I you know, I had a solid average from earlier and I was adding to a position that like and you know It was a setup that I really really liked that's a potential of when I might do that But I will rarely rarely ever start a position on a high of day break You know like with the notable exceptions if it's like grinding all mid morning or mid day and it forms like a nice Nice long you and it's been grinding with consolidation Like and it gives a nice you or cup and handle near the end of the day or the end of the morning that you know I might I might try that one But like just something like pre-market or out of the open. I don't typically like to do it So what I like to do instead is I like to pick I like to identify these inflection points where I feel like if this breaks it can potentially lead Kind of as a domino effect it can lead us up to the high of day break where I can sit through the high of day break now with a long position From with a cushioned average from lower So that way I have a little bit less risk on the trade and I don't feel like I'm potentially buying the top so for me this 410 was the first potential inflection point and We only had one kind of failure to break down So this is probably why I was a little bit early and probably why I was kind of like oh no look it is gonna break down so I ditched half here and With the full intention that if it recovered that I was gonna pull an INPX on it You know I was gonna get right back in and potentially even double I got right back in and I didn't exactly double but I put on another thousand or two shares here Just because it wasn't like a doubling spot like this for me would have been the doubling spot over for But it was too close to high day for me. So I just put a little bit more on Because I had a solid risk here. I knew that now under 395 or 394. I knew I was done So again kind of just like the INPX trade once I knew Exactly where I I didn't want to be in long. That's when I was comfortable going a little bit bigger So that you know hindsight this a little bit premature, but you know like pre-market things can happen super fast And that was probably on my mind too But anyway, so got in we got the nice push and and I like I think I I sold like a third right here And I sold a third right here on the 30 35 like right right near 40 break And you know thinking that it was Givo and 450 was right here. I sold a little bit more in the 40s I got my trade portion off. So I got my scout portion off and I got my trade portion off right there in the 40s and 50s And with something like Givo, I was only willing to leave You know, I wanted to get most of my size off the table immediately because I know just you know How much of a dirtbag this company is like I shorted it a million times and I knew like I knew I didn't want to sit With a position at least at you know, especially a big or most of my position without having taken something off Going into the open on a name like Givo So I you know, I had a third left in my position and my average is about 409 at the at this time My average was 409 and I was like if this ever gets back to 409 I'm out and I was also gonna get out if it was close to my average at the open So, you know when it was trading here at 430 I was giving it the chance to get that last like push maybe pre-market and it when it tanked I just got out right before the open that was my last third I took it off a break even so I only got two-thirds of the profit on this trade but you know that happens sometimes and You know, I often get into the the pattern of trying to make you know Every long a home run and that's why I kind of developed this system because I'm you know You would get super frustrated when when one goes like MBOT or you know, MRI n or n Bev like You know though those ones that go nuts like every time you enter a long trade that's the ones you want and You know, I have a bad habit I had a bad habit of taking them all too early and then I had a bad habit of you know Like overstaying on all of them So that's kind of why I created this this three-tiered system where I take off a third for a scalp a third for a trade and I would leave the the rest of the third for What I considered to be the homerun so if if a long I was ever in wanted to pull an MBOT or an MRI n I had some you know and Homeruns like as I discussed in previous videos can be different, you know, they can be different I can get out at different exit strategy. It's kind of like my play my my last third is my play third But anyway, that was the you know quick and short and simple trade on Givo and then we just kind of tanked all They and there is something to note here. So in previous videos, I told you about volume consolidation I don't count this is consolidation at all. This is just This is just being Givo. This is just being a turn. This is just tanking tanking tanking. It looks so beautiful But you know my two-year-old goes self is punching me in the face right now But this is so beautiful downtrend We don't really start to find a bottom in consolidation until right around here And we consolidate all day and I got questions, you know as Givo like are you done with Givo? Like are you going to are you gonna is there another trade on it? I'm like, you know, I'm never gonna turn down the opportunity But like after it tanks this much like I don't I don't have any high hopes at all for getting a second trade on it But you know, of course, I'm open if it wants to do a reversal then sure That's kind of how AXSM was, you know, like it tanks so hard in the morning But once it found some consolidation and it consolidated on high volume and it started to look like reversal I was open to getting in so like once we start I paid attention like a little bit here in the middle of the day and I didn't like what I saw so I just kind of ignored it But you'll notice here in the middle of the day once we finally got to this area where it finally started to go sideways a little bit Look at the volume. I mean, it's the volumes like nothing like I guess the Average of the mode is like what 15,000 shares in the middle of the day Like that's well off the highs well off you up this it this isn't this isn't going anywhere Take an acceleration is Givo This is this is why I didn't even consider this, you know So this is a good not trade, you know, like even if this made an inflection point for me I'd like to get back up to VWAP and then potentially higher With this kind of volume, you know, it's not steady It's not steady like there's a spurt here and a spurt But there's no there's no steady steadiness like over here. But like I said, this doesn't count It's tanking like if there was some steadiness and it was like close to a hundred thousand up here Like that's different, you know Givo like this kind of just proves when there's no volume. There's no life There's no life. There's no upward movement. So So, you know, in other words, it's an amazing short So anyway, again, if you guys have any questions, that was my Givo trade today That was all I really did today I was grateful for what I got on it Maybe maybe next week. I'll be able to hit my short buttons again. They're getting kind of dusty Anyways, good luck on your trading. Have a great weekend everybody Peace