 In this video, John and I will be breaking down a massive opportunity in a recent IPO, but before doing that, a quick reminder that all the best tools for day trading will be linked down in the description. Don't forget to check that out. Let's get right in. You can see the price action from Thursday to Friday. It's 30 to 75. But my miss was the Thursday trade. For those who don't know, this DXYZ is a new ETF that just went public, say three or four days prior. It's a really interesting ETF in my opinion. I'm not sure if it's going to end up being a fraud or not, but it's an ETF that came public that's invested in private companies. And Alex can put the link below to the ETF so you can check out the prospectus. But 35% of the holdings is SpaceX. So I think it's become a kind of de facto play for people or a memified play for people for SpaceX. And if you look at the prospectus, it actually has a lot of really cool private companies in it, Discord, Plaid, Stripe, big companies, big tech companies that people have all heard of that are a lot of people are waiting to go IPO, but just haven't. So I think that this is moving so much because of that. I wasn't even aware of that ETF. I don't even think a lot of, maybe I'm just lost and I just haven't seen it, but I was, I saw it a bit when I look at charts, but I didn't know it was an ETF. I thought it was just a recent IPO or something like that. That's pretty unusual type of ticker. When I look at the destiny XYZ tech, the day that it came public, I was chatting with a couple other people and the website was way more sketchy than it is today because they didn't have the prospectus, they didn't have any of their SEC filings on there. No one could really figure out what the NAV value was and you can see it opened up at 10-ish. It made a crazy move on halts because it's the first day of trading and it traded back down to 10. But if you look at this, so the high of that candle though right there is 32, right? 32 exactly. So you let it trade for a couple of days and then my trade was on Thursday. And then a pre-market again on that Thursday. It goes up to the 32 area and it comes back down. So I was watching it here in that 30 area and there was a nice clean seller there at 30 and it was just getting tighter and tighter and tighter and bids are stepping up. I was looking to buy through 30, thinking and knowing that 32 was the next kind of catalyst for clean air where more buyers might come in, anyone who was short might look to cover. And my order just sat there and it didn't fell. And so I just left it there thinking that I was risking a dollar. Just because it was a little spreadier, I didn't really want to risk the candles. So I was kind of incorporating the spreads and the whippiness watching it trade. So I was kind of thinking that I was sizing it so that I was risking a dollar because I wanted to hold it for that possible bigger move. And I just didn't get filled. And then as you can see, it stops at 32. You get a really nice two-minute pause and then you're off to the races for that next move to 38. On this candle, you wouldn't stop out. I mean, it probably happened so fast, right? Just because, you know, and I was watching it and I was talking to some people who were able to get into that trade and there were some bids at 30. I wouldn't have stopped out just because that's the flicker that we've spoken about. I used to always stop out, right? Oh my gosh, it's flickering down. I need to protect those unrealized gains because they're, you know, mine, right? And that's a very ego. That's all about ego, right? Not ego, per se, like how most people would think of it. But you're protecting your ego because you think that you have two dollars of unrealized gains as it starts to flash down. You're like, oh my gosh, what's going on? I need to protect those two dollars of unrealized gains or a dollar or 50 cents at this point. But now, as we spoke about on our prior video, I like to keep it systematized, right? Just put my stop at break even, especially if I've sold some. So, you know, in this case, if I had it, I would have definitely sold a little bit into 32. And then I just would have put the rest, the stop at the rest at break even, you know, that's the two R cell put a stop at break even and then see what happens. And I probably would have been swearing, right? If I was stopped out and that happened. But you know, more often than not, right, the stops hold. It's just an emotional flicker to get people to make bad decisions, basically, right? It comes very, very, very close to your stop. So often what I probably mistake is when I see that it's so close to my stop, I just cancel my stop and I get out manually of the position. I'm telling you, I've done the same thing so many times in my career where emotionally, you think I just had two dollars of unrealized gains. I want to lock in the last 25 cents, right? But at that point, at that point, so even if you, you know, let's just use my number. So you had 100 shares and you were 200 dollars in the money. And now you're like, well, I could have sold for $200, but I didn't. And now I'm going to sell for $25 because I don't want to take a loss, right? That's the mentality. But if, you know, I had a lot of like a long, hard conversation looking at the mirror at myself, basically, like what's the point of locking in $25? At that point, why not just stop at a break even, right? Like what the $25 isn't going to change my, the $25 or the 25 cent gain is not going to change my day or my week or my month. But, you know, and I'm acting emotionally because it was up $2, right? If I wanted to sell up $2, I would have done so, right? And that's, you know, we're just only thinking in the moment of what we're seeing and what we're reacting to when you're watching that those flickers on the level two, basically, right? And I basically had to remind myself and drive at home that if I wanted to sell up $2, I would have done so, right? But I was looking for more. And that is what really helped me kind of ignore the little flickers down to 3050 or 3075 or 3025 or even 3001. But, you know, I've seen it where we've seen this happen where the original stop holds and then it eventually makes that move higher, right? More often than not, it does. More often than not. And, you know, just like anything, it's not, nothing's 100% certainty in the stock market, right? It's all just probabilities in what you see. But when you get these strong types of moves, they do tend to move, continue to move in your favor and the stop does hold. And whatever happens in the middle is just our own emotional, you know, doing our reaction to. By the way, if you're getting value from this video, don't forget to like and subscribe. I also did link all the best tools for day trading in the description. Don't forget to check that out. Let's get back in. Using a trailing sub, would you have trailed it with like a five minute or is there a way you would have exited that trade if you would have got that filled? And how pissed were you that you missed that trade? I mean, I was angry. It was just frustrating because this was an entry where, you know, you could see a clear seller at 30 and watching the level two and watching the Prince, you could see that it was getting taken. People were buying, people were buying it. And I pushed enter with plenty of time, you know, or what I thought was plenty of time where I should have been filled. And I just wasn't. And I just, I hesitated. I hesitated for a second and I didn't push another buy button to try to get in because I wasn't sure if it was just going to be a delayed fill, right? I don't know if it was just the route I used. But it just, you know, I know I was kind of just shell shocked. I was kind of waiting. I was like, Oh, is it going to show up on my screen? And when it didn't, I was like, Oh, that, that sucks. I know that feeling. Yeah. So, but yeah, I probably would just would have, I would have trailed just on the way up. You know, and this is one of those cases where I would have trailed on the way up or I would have tried to sell pieces on the way up. And then, then instead of using candle trailing, just because it's not as clear, right? So the differences is that compared to like your ACV long from another video, if you look at that 11 o'clock five minute candle, yep, that one right there. No, there's a very big bottoming link, right? So it comes close to that 32 breakout and then kind of closes at highs. And if you're watching this trade, you know, there were times when it had 50 to 60 cent spreads. So that's people just kind of hitting the spreads. So I would probably try to sell on the way up, say, and try to space it out, knowing that I had a belief that this could run to 40, right? Or 50. And, and that's only just because of what I just mentioned, right? SpaceX, kind of the only way to play this, it's new. It has a lower float. And it has has names that people are interested in that are all private, like Discord, Plaid, Stripe, SpaceX, and, you know, amongst others. So my initial thinking was for this, this could go to 40. So I would try to sell on the way up and hold that last piece for for 40 area. You know, and I probably would have sold that first spike to 40 that red candle, like, no, yeah, one more. Yeah. And when it doesn't touch 40, I would try, you know, I probably said that last piece then.