Foreign. Obviously you've been Trading long enough that you've seen crazy moves, crazy stories I Guess with that in your own trading have do you have something that really sticks with you as like an amazing win and there's something just insane about it. or maybe, uh, unfortunately, a large loss that just taught you a big lesson. I Know we talked about what was going on with Apple, but more so, maybe it's a recent one or a lesson that a bit more recent whether positive or negative.

Uh, there's a couple trades that really stand out to me in my trading. My biggest loss? Definitely. Obviously that stands out to me. I'll never forget it.

It was many, many years I don't even. Honestly I don't remember what year it was. it was probably maybe 10 years ago maybe at this point and a position I was short a stock. they halted the stock news pending and I'm like oh no, this this is this good.

Is this bad. Like what? What is the what's the situation here? The company was due out for earnings and it was. It was. Baidu by the way and they were due out with earnings.

Yeah, I'm pretty sure Spider and they halted the stock. I'm stuck in my short position and apparently there was a leak on their earnings and they halted the stock came out to release the earnings. Well, they were blowout, monster earnings and the stock reopened for trade with a huge gap up and I'm like beer and headlights. deer and headlights I totally froze I Had no idea what to do I'm so far past what my intended stop loss in this position was going to be I was not anticipating this at all, never mind the halt.

but I wasn't expecting that type of a reaction to the earnings anyway and I just got absolutely obliterated. Um, and the lesson that that taught me was and still to this day: I Do Not Trade Earnings So I I Do not get myself into positions going into earnings releases because the way that I look at it is I have no advantage over another. Trader If anything, I'm at a disadvantage because I'm not an analyst like I Don't sit there and dive into a company's Financial reports I Don't sit there and dive into you know, like the the statistics and details of their business and compare that to their competitors and the industry as a whole. like I'm not an analyst I'm not going to sit there and try to make a call.

Yeah, Do I have my opinions of course. but that does not get me an edge. that's more of a 50 50 coin flip because you can be right on the earnings. but maybe the company lowers their guidance and the stock goes down anyway.

even though they beat earnings, you know, So it's It's too much of a coin flip for me. If I wanted 50 50 odds, I'd go to Vegas And what I said in the beginning of this is trading is about probability finding the highest probability setups that you could put yourself in 50 50 is not high probability. You know I want setups where I have 70 75 probability on something and those are trades that I attack. So my lesson there was don't Trade earnings I don't have an edge, let the earnings come out, digest the information, then place your trade and and that has done me far better over the course of the years than trying to guess.

Oh, let me go ahead and get long or buy calls or puts or whatever going into an earnings release and like swing for the fences with a YOLO trade. Um I've done far better, you know, waiting it out and and that's kind of my lesson there. I'd say my biggest trades I said two two really stand out to me and they were. They were actually both a couple of years ago.

um you remember when tilray IPO didn't squeezed to like 300 or whatever it was. Yeah, I caught the damn near top of that thing short. Oh so it was. It was like 2008 2018 and it was.

The stock was squeezing like every day. the thing was just on a Monster Squeeze and finally there was one day it just it got like 300. it dropped and halted and it halted around like 285 or something like that. If I remember the price and I sat and I said that's the crack.

The momentum has cracked, it shifted. It's the first downward halt. The Stock's been squeezing for weeks. I'm like that's it all.

The short position was squeezed out of this thing. There is now nobody left to cover their short position and there's nobody left that's gonna buy the stock here. Everyone's gonna be taking profit. This thing is toast.

I Shorted it immediately out of the Halt and the stock just dropped like 150 bucks over the next two to three days. Wow, that's awesome. Yeah and that that was. that was one of my biggest trades.

um that I've made. and then also there was another. There was a small cap Biotech that was one of my biggest wins, but it was. It wasn't like one trade I actually got in and outed it like three different times and it was like a huge short squeezer.

I think it was BPTH and then that was a couple years ago as well. but it went from like four or five bucks to like 25 or 26 bucks. but I like I caught it like three times so it was like I wrote it up, pulled back, reloaded, squeezed, pulled back, reloaded and squeezed again and I was actually in Vegas trading. Whatever.

I was actually in Vegas trading that stock I Don't know if I was in my hotel room and it was. you know, early. it was early because it's three hours behind in Vegas and I actually I I Once I closed out that position I went right to the casino and had some fun. That's awesome.

So obviously in those two examples, you have no hesitation. You'll be a bull or a bear like you. You're not necessarily like just playing. One Direction You're looking for either I guess over extensions or whatever.

Um, so with that, when you're trading, obviously there's not going to be a general statement of this is how you always trade. but most of the time are you in and out that day? Are you holding for a couple days? a couple weeks? Like is there a time frame where you're like okay, this is my sweet spot. I'd say I'd say I'm predominantly a day trader right now where I'll be in a position for a few hours. but I Also, swing trade I mean I I've been in trades where I I'm in for a couple of days or I'll end I'll be in for like one or two weeks.

Um, when it comes to my active trading, but I would say that the majority of the like individual trades I'll make the majority of them are day trades but I also do some trade now with that. Uh, a lot of the times I've been taught like there's two major methodologies. You're either Trend following like something turning up and you think it'll continue or in your Tillery example, it seems like an extreme over extension and you're looking for the move to end. Now with that, do you like one more than the other? Is there like a thing that you're You're like oh I'm always looking for something to be blown out on what Macd RSI Keltner Channel or is there like your go-to thing where you feel the most comfortable I Honestly think I'm a pretty neutral Trader Okay, because and and I think that that just stems from because the fun that I worked at we were a neutral long short Equity Fund So there's some hedge funds that have to only be long.

like like you cannot get into short positions like based on like the Mandate of the fund like you have to be long. we were neutral long short so we can be long, we can be short. and I think that just learning through that has kind of kept me more balanced. and and that's why I I have a I have a better time being more consistent because you'll have some traders that like killed it in 2021, right? Because it was just by the dip.

Yeah, but then they got killed in 2022 because they couldn't they couldn't make that shift to. Well now you got to start shorting the rip. like sell the rip now instead of buy the dip and a lot of Traders will really struggle when the market shifts like that. So they'll do really well during a bull market or really bad during the bear Market or vice versa.

You have some people that are just bearish to the short side and they get run over in in Bull markets. Um, but I I think I My experience early has helped me keep like a a neutral like unbiased kind of stance and I really wouldn't say you know I would have to go back and look at like my trades but it doesn't stand out to me whether or not I predominantly Trend follow or Trend reverse. Um, you know I've I've I definitely do both. So I really wouldn't say that it's one or the other.