We start today’s episode with Clay going over his trading day and explaining how things went bad and how he handled it. Today we interview one of the original members, h00ch. We take a look at his opening trade on NFLX right in the morning. He found an area of support via moving averages on multiple timeframes and thought it would bounce near the previous days close or it would rip through it and he would close out quickly because he was wrong. It forms a beautiful looking hammer but as we see in the next candle that beauty is quickly lost and hooch is stopped out on the break of the low.

Looking at the wider time frames, hooch spots his next trade. He liked the odds of a snap back because it was through the lower bollinger bands on multiple timeframes so he took a long entry which worked out very well. After moving his stop to breakeven the trade continues going in his favor and he trailed the winner with the 8 sma. This trade completely wipes out the original loss and then some.

In his last trade, he is utilizing the 5 and the 15 noticing that it was forming a bear flag after the powerful move in the morning. As he trails his stop down we see that it takes a nice pause at the 200sma. He started to peel some off as it took a pause because it was completely feasible for it to bounce from here. While switching to the 15 minute we see that the price completely collapses furthering his gains. Remember, he took some off to mitigate risk and that is COMPLETELY logical. The key here is that he had some to hang onto in the event that price wanted to continue trending down (which it did).

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