The Delta Airlines trade kept the streak alive

Man, today you had to work for your money.

It was all about where you were looking. And today is the perfect example of why I want to teach you how to trade, so you can trade on your own using the principles we learn.

Let's talk about $CBRS. If you watched the fake-out, shakeout go to the prior-day VWAP, and then break right back above the one-minute VWAP—that was your entry. 

You buy it there at $195.50. With $192.50 as your stop, the stock proceeded to run up to $210. Pretty freaking awesome.

But sadly, your hero, Kenny Glick, was watching SpaceX at the time. I bought it on the break, and it immediately went right back down.

I lost the battle. Oh my God, a loss.

So what?

We revisited it. It did another little fake-out, shakeout, gave us another VWAP break, and we bought it again. This time it went from $148.64 to $149.75. All the money we lost on the first trade, we made back. Then it set up again, and we bought it again around $148.25, sold some at $149, and then just got chopped up.

Like I said, you had to work. If you chose Cerebras instead of SpaceX, you were done on the first trade. I chose SpaceX, so I had to grind it out.

If you were looking at $DAL to keep our streak alive on earnings plays, you saw an $87 stock rally to $89 right at the open before pulling back. 

But if you missed the open, you just had to be patient. It gave us a fake-out, shakeout back above VWAP later in the morning. We got in around $86 and change, sold at $87 and change, a little at $88, and then got stopped out. Then it set up again, giving us a tight-risk trade at $87.25 that got us to $88.

And we can't forget $CRCL. Gapped up on news. Did we buy the gap? No. We looked for the "finger of God" - the break of the recent high, followed by a rollover and a break back below VWAP. We shorted at $70.81 targeting the orange line, and rode it from $70.75 down to $66.75. Much better than that SpaceX trade.

The market never goes down. Even when an algo went haywire at 10:30, every down move was met with a greater move up. If you stayed positively biased, you caught the $QQQ breaking back over VWAP. We grabbed the $722 calls for $2.00, and they hit $4.00 for a 100% win.

That is why we teach you how to trade. So you can trade the setups you are most comfortable with. Because if you just copy me, there are days where I choose poorly and have to grind my way out. 

But if you understand price action around VWAP, the patience and discipline are instilled in you by default.

I made a video breaking down all of today's action. 

Click below to watch the full recap of the day's trades: 

Have a great weekend. If you’re already inside the room, 

I’ll see you Monday. 

If you’re not in here yet, here’s the link to join us.

Kenny Glick | Founder, Hit The Bid

P.S. $195 to $210 on CBRS. A clean short from $70.81 down to $66.75 on CRCL. And 100% gains on the $QQQ calls. Even on a grind of a day, the VWAP setups pay. Join us in the room here.