This Trader Made $243K Shorting Pre-Market

0:00 today we're talking to Pace hi guys I'm Pace from Shai it was at alltime highs with $140,000 of profit that this stock squeeze up to 20 30 50 and even to 100 but this is on the front side so it's pretty dangerous welcome to undiscovered trainers the podcast that focuses on the charts stats and Edge of the latest six figure verified trainers who have RAR if ever been interviewed before today we're

0:30 talking to Pace from Shanghai China it was at alltime highs with $140,000 of profit which he's made just in the last year so today we're going to cover his stats H some some what it what it does for his Edge in a little bit on charts but first of all PE you are running at peace to the million dollars how are you say St thank you st looking forward to to it and hi guys I'm P

0:59 from sh hi and glad to talk with stepan today P it's very very very good to have a someone else representing China we only say Steven Ducks from China yeah I mean so I was a undergraduate and graduate student in US several years ago and and it was during that time that I discovered trading day trading and and also Steven Ducks you know I have

1:30 I have taken his course before and some of my strategies are derived from his strategy so it's definitely my kind of like model for trading for the trading pass so yeah very very nice so is that someone someone that you aspired to be like I mean from your point of view from taking his course is that anything that you notice about I've actually met stepen Ducks I met him I've met Steven Ducks once or twice I met him

1:59 at a Tim SE confence years ago I've interviewed him Steven Ducks as well but is there any any one thing that makes him stand out is like such a great Trader yeah so and I think several things that so there are a lot of different great Traders and mentors on YouTube and and you know and I think once it stand out it's like personally he is also Chinese so that we have a lot of income and he's also a a

2:28 student from China and going to us for college study and and his background is not Finance he's not a finance guy he's not a he's not F he's focused on gaming and engineering and but when he discovered training he I think one thing that and stand out and attractive to me is that and he's very hard on working he he's he's tried very hard on getting his trading better so making writing

3:00 down the stats checking down every volume and studying very hard and U I mean that it so I admire him for that reason and I also doing the same thing tracking stats and tracking all different patterns trying tracking try to make my feelings and my trading better and you've been trading for how long one have you been trading just one year or longer no I have so I have been trading since 2020 and you know during

3:28 2020 is the bull market as everyone is going to the Mark I'm also buying for long long longterm investment and also I I discover day trading and I try different trading strategies I Tred log cap trading swing trading option trading momentum trading Etc and none of them works well for the first few we of two year so yeah yeah H but things are going a bit better now you're up 100K plus do you want a screen CH

3:53 we'll have a quick look at some of your stats okay so we have got P's stats up now P I'm very excited to take a look through walk us through what you've achieved yeah so I think for the last last year I have earned this is my best year so and I have earned over 130 30,000 dollars in profit and I think one thing that I'm proud of is like P record here my

4:25 accuracy is at about 23 about two3 and for my alltime accuracy is about 23 and that's something that I want to achieve because I want I want high accuracy I know that and for grade Trader most the most ideal situation is that we have two set of accuracy and the profit versus risk profit profit risk ratio is 2 to one 2:1 so that I think that's the most ideal but my average and but my profit versus risk ratio is about

4:56 1 to one and even it's below 1 one so I so later I will focus more on the profit versus risk ratio and accuracy I want to keep it at two3 so that is my general stats and this is just only one of my strategy I have another strategy and which works more on a larger account size and and that one is so this one is more about day trading and we trading our short shorting small

5:25 caps and the the other strategy is more failing options which is another SE so and but yeah this is my general stats for this particular strategy and I think one thing that particularly interesting to me is let me try reports and dat and time and my you can see that for my p&l for the week and it's it's PR different like and I have the best performance on Friday on in Monday and Thursday even

5:58 Thursdays my in total is loose so which means that if I don't trade out Thursday this better for me so this is particular interesting I would say like and I I I I I try to analyze the reason behind it because most of my strategy about shorty small cap momentum stocks and and I think like on Monday most likely it's like am because most of those stocks need news need news Catalyst however am most of those stocks

6:30 and they lack the Catalyst most of those Catalyst come up the mate so that's why for Monday the trading you know is more like very the the stock market is pretty stable there's not much small small caps stocks are you know squeezing up higher on Thursday I'm not sure but I will definitely avoid it later so so this is the stat that after analyzing the stat I try to adjust my trading stale to make my performance

7:00 better yeah makes sense is there much more on here by the way for for anyone who wants to know this is this is on pinfall Pro this report future where youve got your staty days and times you've got your tag symbols this is this is actually free at the moment for for one month free trial you just have to click upgrade on your account yeah and another thing that I think on my Ed I want to talk about is the pnl B and and

7:23 hour because most of the day Traders they they take trade after maybe eight 8: a.m. and most of the momentum you know from 8:00 a.m. to premarket to maybe 11:00 a.m. so this three hours most of actions are happen during this three hours however since I'm in China so I can do the full pro market which means that 4 p 4 a.m estd and in China it's like four 4 P.M so which which means that I can totally take the

7:54 graphs of it so later we will show the chat for T so that's how I can take advantage of the time zone in China so I can take advantage of the trading all the the patterns for for for for a because those patterns most of the traders in us they cannot they cannot play but do you not find that premarkets a lot of people say don't trade premarket pre Market's dangerous you can't set stops in premarkets so how

8:22 is that for you because a lot of the profits are coming in Pre Market yeah so that's pretty so I would say for new beginners definitely not try premarket because we don't have star water and the spread that big however premarkets can definitely provide provide you with a lot of opportunities particularly this one I I realize that on 4 a.m and the 500 a.m. like the first hour of the premarket some of the stock sometimes maybe happens once or per two twice per

8:53 mon they will squeeze up by no reason and those those squeeze up all the those Spike up will die out in like 10 or 30 minutes so while you wake up in the morning the opportunities are definitely G for shorting opportunity for sure so since I'm in China and I can I can try to size up and monitor the pre-market access and pretty carefully however the only thing in premarket is that you cannot test too much

9:23 because the volume and the spread are too volume are too low and the spread are too large so we need to be particularly careful and cautious during premarket but there definitely opportunities on premarket yeah so I mean how is the how would you measure I mean we'll look at the the chart later but how would you measure say a stock pop so you check there's no news you check the float the float is more than 3

9:49 million the suck can still go to 100 you don't know it can go from one to 100 so how do you measure where the top might be are you looking for a double top or or what yeah yeah so when I'm when I'm trying to shorten those stocks and there are two things firstly I will size up gradually so I not for example for example if my ultimate size is like 300 shares or 500 shares I will definitely

10:13 size like three 30 30 shares the first time and maybe if it's sque higher and the 30 shares later so it it will be in my comfort zone that's the first thing and the second is like one the stock actually shows some size of weakness so that's the ultimate SC that I'm looking for the science of weakness it's either a double top or it's like the TR line breakdown so I I like the TR line breakdown even more because like why up

10:38 is are following a pretty beautiful trending line upside uptrend but when TR line breaks down it's easier goes down downside or it will goes with consolidation and I will I will try to size up there and when the consolidation breaks down that's another size weakness so I will I will size that more so so try to size up accordingly for different for different time zone different pattern and but in your comfort zone do not set up too much at

11:07 the first time I I used to live in Dubai and I lived in England as well so I I would have the premarket just like you it would be like 10: in the morning 11 o'clock in the morning in England I'd be looking at the computer it's 5:00 a.m. in America and I I made a lot I made most of my money trading in the pre-market just like because I mean when there's a hot sector or the Market's

11:34 really really strong premarket can be a little scary but when the market is a little little bit weaker 90% of the stocks die pre market you catch the moves that everybody misses and you catch the bigger move and most of them fail so I completely understand your strategy but you're going one step further we get doing the 4 a.m yeah yeah absolutely so that's that's what I figure out and I think most of I mean not most but a lot of

12:04 my largest trades are coming from the premarket because there are some during PR Market there are some strange outgo Spike or you know whatever there's some low volume squeeze which is which is pretty I know this Prett seems pretty dangerous but I I would say based on my understanding and the perspective the low volume pre-market squeeze easier to die out during regular sessions because the pre-market squeeze up and are build up with low volume

12:36 which means that not not many people buy it but but if the stock like squeeze up during regular sessions with high volume there that's something you need to be cautious of because yeah that's that's different situation no that that 100% makes sense because you know that the market makers and the manipulators they're they're getting in when there's only the volume they're manipulating the're squeezing the shorts but there's not much money in it for market makers at 4:00 in the morning probably not even

13:08 awake do you know what I mean absolutely understand what you're saying it's it's light volume it's likely to fall it could it could be some shorts getting squeezed to C that it makes a it makes a lot a lot of sense what you say I think I need to need to try this but do you have any more stats that you want to go for or shall we we'll jump to the chart yeah we can jump onto the chat

13:33 okay so now we are looking at one of pace is recent trades this is recently it's only about a week or two back we are looking specifically at this area so it's basically I mean p you can walk us through and then I'll go to the day chart yeah absolutely so and I think the T stock and most of the actually happens during September 12 so on September 12 it's Gap up and it

14:04 phas all the way to $4 so I I did not play on that day but on the other day as I mentioned during premarket I noticed that this stock squeezed up to 20 30 50 and even to 100 and in five minutes that with very low volume as you can see on the chat here and so it's not this day yeah it's this day yeah so it's just really it's just one it's just 100 it's just five minutes and it squeezed

14:35 up from 4 to 100 so with low one so this pretty crazy so the first thing I checked is whether it had some deeply strange news but no I would assume that they have no news because basically no news there's no news can help a stock get Gap up like this per right so I check there's no news so I know that this is a pure short sree so the next thing that I asked myself is where

15:00 should I get in and and where where should I get in and how should I set up so basically my I I I think this is a big opportunity because I know it will Fed Up later so my size would be 300 shares to 500 shares that's basically on my on my comfort zone so and on the on the third on the third five minute chat you you can see here when squeeze up from 100 and just start

15:30 out from 60 so this is the first 5 minutes red candle so I SI up a little bit and then after 10 minutes it squeeze up to 65 and then just so just a dogee candle and it start to fade and I I I would treat this as a a normal double top and I set up more on 60 and 65 and then it it goes all the way down just one sec B did you send the

15:58 chart I looking at the the chart on the screen here yeah so this is the chat on the chat on on the chart the chart on the screen now right yes yes so so wait a second where where are you getting in sorry because I can see it goes literally this is a 15 minute ch right so it goes three to 130 in 15 minutes yeah so so basically I so I size up a little bit while it go to 100 but this

16:26 is on the front side so it's pretty dangerous but one what you can see on third candle is a red candle which which is what I said is the first side of wickness so I found the first sound weakness I size up a little bit more and then after two candles you can see that just one candle goes up to 60 80 8 85 those 85 again so this is one I would say a irregular double talk though

16:53 the pattern in the premarket is not that you know do not work pretty well but I would assume that this a double top so I can't size up more so I try to size up here and after it break down I did not size up more because I my profits are enough for for my trade I I do not want to earn more and then and also I would I would I'm afraid that during regular sessions it will try to hold up

17:17 several times which is which is pretty dangerous if I my size is are too large so I did not start up later so my average on this trade is $60 so which is pretty good and I would say 6 and I think I have 300 shares so I earn so I covered around $10 on the regular session so my profits on this total trade is around like one 100 15K yeah 15K but do you don't get scared because I've tried to do

17:47 things like this before and I'm short at 20 then I'm short at 22 then short at 26 then short at 28 and then it goes to 130 yeah so my take is like do not do not size up too much on the front front side because you you can so it's a temptation to show why it gets 100 and I do I I do show on 100 and I'm I'm pretty scared but my size are pretty small

18:13 at that moment and as as I said the squeeze up on premarket I love it more because the squeeze up premarket are more are easier to dial out but the squeeze up during regular sessions like LPA this year that that is a squeeze up during regular sessions is is more is more difficult makes makes all sense but is there a point where you take take take a see your average is 60 you take a very small position take a very small

18:43 position take a very small position if it goes to 200 or 300s do you have think okay I'm just going to do you have think like okay I'm down more than I'm comfortable I'm yeah yeah absolutely I will I will definitely have a stop stop out but my stop stop loose session and for this trade is more like dur regular sessions so I what I'm thinking and what I was thinking during that time is like so the premarket I hopefully is

19:11 consolidation or downset if during regular sessions for example at the opening BT it's C up several times or it's C up over the premarket highight like 150 I will definitely stop out because as I said most of my Logics for this trade based on that premarket squeeze up it's not very strong so the pre-market pattern are easier to Broken to to to be broken however if in regular SES there are some volumes

19:41 going trying to squeeze the stock up yeah I know that something is wrong and I don't want to play with it and I will try to stop out and try to set another sign of weakness to to try again maybe makes sense and I'm sure that you've tracked a loot of stats on this and I'm sure that you know that probably 95% of these things fail so you know that it's super super high it's just a little bit

20:06 of risk on the front side right yeah and I don't and so for my account because I'm doing the short shorting strategy so for my account basically why I I I try to cash out and while I earn a certain fixed amount of money so even if my you know my C are blown up like the best the the best the worst the situation then I'm still I'm still fine so I think that's some suggestions that will give to beginners

20:35 if you want to try shorting strategies you definitely need to cash out because and while you're shorting stocks you everyone have the possibility of being margin c yeah and like that's the thing as well there there's so many brokers available now that will you can especially outside of the USA you don't even need $25,000 right I think for you in for you in China for you now if you've got a CH an account with a Chinese residents TR you have like the

21:03 option of $5,000 accounts $10,000 accounts yeah I do I do have the option for and I do have a trade zero account for five for 5,000 dollars but and this is not very and so it's not a benefit to me because my my size are actually larger than 5,000 so yeah but but it just you have the flexibility anyway that you say okay if I if I blow $40,000 it doesn't matter it's not the end of world yeah yeah yeah that's

21:30 that's for sure that's sure maybe maybe like if I maybe later if I earn the half a million I will try something like an an small account challenge I don't know I I I definitely ad I I I definitely look forward to it but I will and I firstly stand up more no but I think from from what I can say it's you you've definitely got a solid strategy I mean there's there's some risk in it but

21:54 there's there's risk in the market no matter what you do and it seems like you've got it locked down I really appreciate you going through the stats I really appreciate you I really appreciate taking us through the trade do you have any final tips for beginners or any golden nuggets or pieces of advice for new Traders yeah so I have a lot of suggestions because I have been as I said the first two years are are pretty

22:19 bad for me and but and I have some of my friends are trying to stting day trading start trading at the same time that all of them give up because like at the beginning of the two first two year they found that it's pretty time consuming but no profit so they they all be up but I my suggestion to beginners is like if you love trading and it will definitely reward you but you definitely need to try hard to learn and try to

22:48 take pay because there's no no pay no gain right because you need to so I I don't know I don't I don't know others but I would assume that most of the Traders lose at the first year U because the first year and even though you can learn a lot of training psychology you can read a lot of books you can learn different patterns it it doesn't matter because you are you are still lose but I I think my turn around is like

23:13 after while two years I realized that firstly I found my shootable strategy that fit my characteristics and the second thing the most important thing is like I Tred I have a better feelings for stock check so because every day I try to you analyze the chats for small cap and large cap immediate Tesla spy Etc I have a feeling that while this pattern emerg is dangerous it will fade out Etc so this feelings is something that you

23:41 cannot learn from YouTube or from book it's learn from your every day reading the chats so so I I think so I think that's why trading is kind of hard for beginners because you don't have the feelings you need to build up the feelings but you need to pay money and take Pace to build up their feelings and I mean you you've got your strategy you found your Edge you've tracked your stats but I mean for someone new where

24:04 would you recommend that the started where would you recommend that the goal to to get where you are now to get the six Biggers I would say the one thing important is that you you need to try to find the strategies that fual characteristics so there are different strategies out there and every strategies there have triggers that can amount from it however you need to find the C found strategy that can definitely Feit your characteris for

24:31 example when I tried day trading for I tried scoping I tried to Long like only du LS for momentum small cap but I can't do it because my characteristics I focus more on accuracy I know that those small cups they can so for example it's like $10 right now and I want to it goes to $11 and I can sell but one for example if I buy it like 500 shares and it drop drops to 950 I

25:01 will freak out because I'm I'm just afraid that this stock will collapse and I will stop Bo and the stop goes to new High and this this can happens several times and I realize that this is the strategies that I cannot follow because I know that directional I'm wrong but I'm shorting the stock I know that direction I'm right so I can I can only follow the technical patters and as I mentioned I have another strategy it's

25:25 not here on Kimo it's more about selling options selling out of money options and and as most of people know that selling options has high accuracy right so this this is basically the same thing basically the same thing for shorting strategy so I want you so I know that this feedback characteristics and if you follow your displine to stop lose on the expected value is positive and you can definitely earn money from it but they are definitely people that can you know

25:54 stoping in stoping out in one minute or 30 second and and those are those those strategy fits the character the characteristics that are quicker so so I I I used several years to figure out my characteristics and and my feeding strategies so I think for beginners you need to so this is something that you need to figure out yourself that's fantastic and I think

26:25 that that's a wrap I really appreciate you coming on it's thank you for being transparent based thank you for going through your stats thank you for going through the pro stats thank you for giving advice on the pattern you you've give tremendous value to the community so if there's any fatal fatal words I'll let you close it out no I don't I don't I don't have any final suggestions and thank you stepen for hosting me and and and

26:50 also I would love to share more of my suggestions and ideas later if we have any other sessions and I will definitely so I'm I'm definitely Welling to help new traders to get all their situations and the last say I want to say is like if you love trading just take more time to do it and even if it take PA it will reward you later good man than your P thank you stepan