This Is How I Made $1,651 Today Day Trading Stocks! $AMC $TUP

Hey Traders welcome back to another daily profit and loss recap video today is Monday July 24th I just finished up trading for the morning and I locked in 1651 in trading profits in this video we’re going to break down these two trades and talk about my thought process behind them so that hopefully you can take something from my trading and apply it to your own let’s get right into it the first trade for me today was with stock AMC everyone knows AMC of course because of The Big Short squeeze that there was with this stock

in the past so this morning when there was a nice size Gap up going on there was some news associated with it of course as well it was automatically going to be on my watch this morning for a gap and go once it finally started to form a bottom because it did kind of just start to pull back and sell off a bit in the pre-market session but uh the key here is to wait for that bottom to form wait for some kind of bullish reversal to set up rather than trying to buy into the

stock while it’s still falling lower and lower and lower doing that is kind of a guaranteed way to take a loss on the trade and you

have to keep in mind that when you’re trading a reversal like we did with AMC it’s almost always better to be a little bit late to that trade than it is to be a little bit too early so with AMC what I was looking for initially was that AMC was going to form a double bottom right around five dollars and then start to squeeze out some short sellers for now

at that point in time that was at 9 44 in the morning I was just watching I wasn’t in any position just yet we had at that time a low that formed right at about five dollars in one cent and as we can see if we keep up with the price action it did start to fall back under that five dollar level but it then a few minutes later started to reclaim five dollars which to me was a bullish sign and especially after the high volume dip that happened under five dollars there are likely some

short sellers trapped and because of that it was a really good setup for a reversal and the beginning of a bit of a short squeeze so that was kind of the commentary that I was posting in the group at the time if we take a look at the price action at the time we can see here is where it starts to pull back under the five dollar level typically when a stock is breaking down to new lows that of course is a bearish sign for the stock so that would not necessarily be a sign on

its own that it’s ready to reverse and start moving back up however once we get a new low on high relative volume you can see the volume candles back here are pretty significant compared to the volume candles before and then the important part here is that the price immediately starts to come back up it immediately recovers those losses pushes back above that five dollar level that is where things got interesting in this trade because that means that this breakdown that happened right here under five dollars per share was just a quick false breakdown or a

bear trap in other words to suck in and trap some short sellers so once they reclaim that that is where I took my starter position in this trade I then added a bit to the position once it pulled back again and under five dollars and started to reclaim it and as we can see it did kind of just slowly but surely move up higher lows and higher highs and it started to reject this 5.27 area and we see that from there we get a bit of a sell-off back down to the low fives at that

point in time from my initial trade my stop loss was underneath this morning low of 4.87 but once it started to climb up nicely I moved my stop loss up to just under five dollars per share so if it did start to break back down under five I was going to cut losses on this trade and remember all of my trades are talked about and discussed in real time in the market Master group so I was also mentioning this at the same time in the market Master group to make sure the Traders knew that this

is where I was going to cut losses if the trade started to move against us but fortunately we can see it did continue to hold the five dollar level started to bounce back up I locked in a portion of my profits up in the high 520s once it started to rebound up there again that 527 to 5 30 area was kind of acting as resistance so that’s why I took a portion of my profits at the time and uh we did a little bit of a pullback from there and it starts to rebound ramps up

into the v-wap and I lock in the rest of my profits ended up with a total of 810 in profits on that trade and we can see it is still continuing to climb higher and higher so this was a really really solid reversal trade here we nailed pretty much the exact Bottom Buying in in the low fives and it ended up being a really solid bounce so very quickly we had some traders that struggled a little bit with AMC today just because it was a little bit of a slower mover it was a bit choppy

there was quite a few pullbacks along the way and even though there was higher lows in higher highs those pullbacks can be a little bit concerning especially if you are a newer Trader so we had a Trader in the group say I have such little capital and I’m not sure if I can take the stress of trading stocks like AMC for a profit of just thirty dollars any suggestions on what I could be doing differently cheaper stocks more expensive stocks mind you it was good education and movement but it was pretty stressful for a small

profit and then they said that they were still fairly new compared to the season traders in this chat it was the slight Downs followed by the UPS but it did consistently make higher lows and higher highs I’m second guessing my decision to stay in after it falls and that is something that a lot of new Traders struggle with that’s why the psychological aspect of trading is really so much more important even than the technical aspect of trading the technical analysis and the strategies and all of that are really very easy to learn but being able

to execute them without these psychological aspects getting in the way is a completely different story and that’s where a lot of Traders struggle so to answer the question this is something that I’ve mentioned a few times here in these profit and loss recap videos and it’s really just to have a trade plan in place before you even get into the trade so like I mentioned when I was initially buying some AMC my risk level was the morning low of 4.87 so I knew that if I was buying in the low fives it ended up pulling

back under five and starting to break down to new lows I was going to cut losses on the trade and it was just going to be a small loss that alone in itself is very helpful because now you know that the trade is either going to move in your favor or it’s going to fall and you’re going to have to take a small loss on the trade on top of that like some of the Traders in our chat have mentioned it’s very important and very helpful to also track data for your trades if you’re tracking

all of your data and you see that historically you tend to sell out of your trades for example on a pullback like we see happen right here at about 10 20 this morning and then after you sell and cut losses on the trade the stock price starts to rebound if you see that happen Time and Time Again by tracking data from your trades that of course is a great sign that you are selling too early you need to be a little bit more patient you need to give them a little bit more wiggle room and

just let them either fall all the way down to your risk level or let them Force work in your favor until they reach your profit Target and you start to take profits on the trade all right but anyway with all of that being said that was my trade with AMC the other trade that I placed today was with the stock tup tup was a really nice setup this morning at the market open because if we take a look here at the bigger picture we can see it was climbing higher and higher all throughout the pre-market

session it was gapping up from Friday’s closing price and we get ourselves an opening range breakout level here at the market open which is going to be the high of these first few minutes at 1.43 okay so that’s our opening range breakout level of course this was posted in the market Master group as well and uh once it started to break out above that level that’s where I took a position in this trade for a quick scalp my average price was right at about 1.48 cents I had 3 000 shares on this trade and I

knew that my risk level was going to be down here in the 120s because the low of this pullback here is 1.28 cents so I was risking about 20 cents per share on this trade or about 600 with the way that I like to trade that is typically the maximum that I like to lose on any given losing trade that’s why I chose a maximum of 3 000 shares for this trade because if I would have gone to 5 000 shares for example then I would have been risking a thousand dollars had it reached my

risk level but anyway we can see it pretty much right away moves really nicely in my favor this was a very solid opening range breakout pushes up into the 180s at the time I posted that the next resistance level for tup is 1.87 because if we’re looking at the daily chart 1.87 is the high of this day here and above that price we have a nice Gap to fill all the way up to almost two dollars and fifty cents so a lot of times when you have these daily chart gaps the stock will tend to

reject that area before it starts to break into that Gap Zone so that was kind of my thought process and that is why I started to sell in the 170s I locked in my profits in that area and took 841 dollars in profits on that trade which brought my overall profits for today up to 1 651 dollars very quickly I just want to also cover fybr I have a small position in fybr right now as well but I’m still holding on to these shares and I’m not going to have time to finish recording this video

later in the day so I have to record it now and I’ll make sure to cover my trade in fybr in tomorrow’s video but for now what I was looking for in this trade was a break above the previous day’s High the reason for that is because down here on the daily chart we can see this had a very strong bounce back from its recent sell-off and on Friday we get this inside bar set up with a bit of a bullish Candlestick on the daily chart so for me because this was any trade plans over

the weekend for the market Master group once I saw it pretty much immediately at the market open start to push above the high of Friday’s price that was a bullish setup for a push up towards 18 per share so I took a starter position and so far I’m just holding on to it it’s kind of just traded sideways for most of the morning and I’m looking to ideally lock in some profits up in the 1790s but we will see how it turns out tomorrow so make sure to check back in for tomorrow’s profit and loss

recap video as well alright but anyway those were my trades for the day and my main focuses I locked in 1 651 in profits great start to the week and I hope you found some value in me recapping these trades here in this video if you did please make sure to give it a like And subscribe to the channel and of course if you want to hear about these stocks that I’m trading in real time as well as work with our team of Traders get access to our day trade swing trade alerts our detailed trade

plans our live custom scanner streams and so on and so forth all of that can be found in the market Master group there’s going to be a link Down Below in the description for you to get signed up anyway thank you again for watching I hope you enjoyed and good luck with your Trading thank you