How to Day Trade A Short Squeeze!

How to Day Trade a Short Squeeze like we encountered on Friday! Breaking down this massive move on $DCIX and examining the emotional effects that traders have on the overall price of the stock. You can clearly see by looking at the Chart from Friday how the stock snowballed into a monster by middle of the day. Looking forward to Monday I'm expecting some type of spike in continuation of the move from Friday. Volume and price action at open will be key to watch! Tune in 9AM here on Youtube to see whats going on.

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I am not a investment professional. Please do not make investment choices off of the ideas you see in these videos without the proper knowledge and research. Day Trading can be very volatile! You need to understand the basics and the risk involved first!

[evocfox]

I have been up all night watching your videos thanks and you live close to me like west palm beach

[alferdauzer]

I didn’t buy at 7 thinking it was over extended, then saw in the afternoon how crazy went up and checked the 50 and 200 ma, I saw the range up to 32. Let’s see how it goes.

[g-tbotecktrdr]

Im in agreement as well- lets get a nice stampeed outa the gate for the sweet action...

[prophecy]

I agree, I am expecting a continuation for all shippers, including $TOPS that ran big as well.

[moishelappe]

Reg trading brokers no one gave the opinion to short it.

[hba]

Looking at the charts it doesn't look that bad. If you were watching the price action however, this thing was all over the map....even first thing in the morning. The spreads were high. And more volatile than what I've typically seen. Once it got above $6 in the afternoon the bid/ask widened and could easily swing 20¢ or more in less than a second. There was significant previous support (now resistance) around the $14.40 area. Once it broke this it exploded. The only real "signal" to the upside was the lack of shorts showing up...afraid to get run over by the train. Previous trading in this area had significant resistance around the $20 area.

I dipped my toe and made a little profit, but to be honest, even though previous trading ranges provided excellent support / resistance and the lack of shorts (until that $20 area) indicated things should be was too concerned by the violence of the volatility to jump in big time. I think I cursed more during this run up than when I've lost fairly big, because I was calling what the stock would then watching it do just that....but still concerned by the violent nature of the price movement. I was watching the active trader on TOS, which provides a beautiful summary of level II data. The window couldn't keep up. I had to scroll up/ down in an attempt to keep the price centered. Definitely not a typical type of price movement.

[moishelappe]

I short it on friday made on paper money Made13000

[jjfade]

Except the video clled how to trade a short squeeze and the video is not about how it’s about why it happens Change the title man

[kazman]

It’s gonna crash. Course that could be at 30. With the tiny float gotta be really careful.

[Psinger]

What I wanna know is why did DGLT get halted for running less than a 1$ but this thing goes from 5 to 19 on no news and no halt, i think its more rigged against DGLT because people could afford huge share sizes, here with dcix maybe your taking 1-5k shares, dglt maybe 10-20k shares, obviously taking profit is the right thing to do after the move but come on, anyone who sold and looked back and saw it went to 19 is like fuk, even the 15 min chart you see there is no reason to sell based of playin the chart until just like you said with the red candle and decrease in volume.