Got SHORT SQUEEZED!!! Day Trading Plug Power Stock PLUG Stock First Red Day Pattern Short Squeeze
Channel: Mario Alvarado
Date: 2021-01-14

Hey whats up guys this is Mario, back again with another day trading video. Today I am going to cover how day trading Plug Power Stock PLUG Stock on a First Red setup I got Short Squeezed. Plug Power Stock PLUG Stock has been on a tear, it is up over 300% since November of last year. Recently Plug Power Stock PLUG Stock has been trending on EV Stock sector. Yesterday Plug Power Stock PLUG Stock announced a partnership with Groupe Renault, a French auto holding company. They own NISSAN auto company a widely known car brand in the USA. After the announcement Plug Power Stock PLUG Stock made a huge move to the upside. To me this move was not sustainable. The stock was already trading above its bollinger bands and stochastics. To me a relief pullback was do, because of the huge move in such a short period of time. For this reason I was short bias for a First Red Day short setup. Especially when I noticed that in the premarket Plug Power Stock PLUG Stock looked like it failing momentum and it opened weak. I did short Plug Power Stock PLUG Stock once it broke the low of the day and took profits when it went red at 65 and STOPPED out on the rest when it went green again. I decided to short premarket lows again, because I felt very confident that the stock was going to continue to sell, but it didn't. My mistake was playing the cushion game, because I was up significantly in the first trade, I did not put a hard STOP. Plug Power Stock PLUG Stock kept trending, and kept squeezing a lot of short sellers and STOPPING them out. It even broke the high of day, my STOP area and took me out. My learning lesson was to keep reminding myself not to play the cushion game, and continue to have a systematic process to I can maintain and keep being a consistently profitable trader. So learning lesson for the day, is an order to become a consistently profitable day trader, I need to stick with discipline a SYSTEMATIC Process day in and day out, everyday, all day, any day. I hope this helps. Don't forget so smash the like button and subscribe to this channel. Thank you!!!



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