I can't believe this happened (GME stock)

GameStops down pre-market now here's the thing and this is very important if you're a Trader and you want to make money from Trading or at least you're trying to everyone wants to that's the whole goal right GameStop is down 99.47% pre-market right now out there in the world there's someone who took calls you know like $30 calls expiring this week or something crazy this person is going to get burned this person's going to get burned and it's going to be like a frustrating day right now there's someone out there in the world who took puts this person is going to have a decent day they're going to be able to sell well probably and make a profit as long as they actually sell which is really hard to do here's the thing this could have easily gone the other way GameStop could very easily be up $30 to pre-market and it could have very easily been down here there was no Edge to give you an advantage either way the person who made money off the puts they were correct but it's not from having an advantage over the price they just took a guess and it worked and then meanwhile with the people with the calls they took a guess and it didn't work one day it's going to be flipped one day the person who took the calls they're going to be able to actually get that right and one day that person took the so your odds don't increase either way you do it because you bet on earnings betting on earnings does not give you an edge we're going to talk about it we're also going to we're going to talk about that kind of stuff and we're going to talk about the GameStop price action if everyone could could please leave a like on the video I'd be super appreciative and also please please subscribe trying to get to 10K Subs I promise you we're going to be the best stock market YouTube channel so that's kind of the topic of today let's talk about the GameStop price action first it got stuffed again right there at that 2470 2480 resistance which is the big resistance I talked about in my video yesterday now GameStop's opening down 9% I would not put a call to action on this thing until it touches off the support trend line now if that's just me you could do whatever you would like I think maybe it needs to tap here Tap 20 bucks see how it reacts see how it holds here and if it holds here we we'll take it from there if it starts to lose this support trend line it can most definitely go back down to 1870 so that's just from a charting perspective for the people that have been buying an accumulating GameStop this is just another day right for the people that have been buying it for years and they're dedicated to it they probably don't even care about this nonsense CU they have this whole big other plan in store but for people who are short-term Traders they may care to see this perspective so there's your perspective right now I do think that if GameStop can get a bounce off of this 2053 area it could be a strong reversal candidate but that remains to be seen I I think that there's a a pretty decent shot uh but just see how it reacts off the support trend line uh this daily support trend line here I would think that it it will likely maybe want to do a reversal stick there there so here's the thing I'm only you should only be focused on trades that give you a significant Edge like here's an example betting on GameStop earnings does not give you an edge if you're going to be doing short-term dated options because even if you are right one day doing that you're going to be wrong it it it does it's a Surefire way to go to zero even if you're right even something like djt I had some people on my Discord ask me which by the way this Discord server I really cleaned it up a lot I really cleaned it up a lot I really Consolidated it we have an active opportunities so these are just opportunities that I'm watching and I'm not going to take any call to action until they hit a level or support watch and act just watching I'm only watching like five stocks and five or six and that's all I'm going to be doing going forward because I realized that that's all you really need youve got to be watching a billion stocks you're not you're not going to miss out on anything so that's kind of like my new strategy if you guys want to check out the patreon link uh it'll be in the description kind of modified at that page too I want everyone to just you know if you're interested in that sort of thing take a look I think it's I think it's going to be really good but anyway someone asked me in the Discord you know if they would trade you know what do they think about djt stock going into the debate I said well you don't have an edge if you buy calls you don't have an edge if you buy puts you don't have an edge I think the stock is down pre-market but either way you don't have an advantage there even going into the the CPI data it's like what do you do call I went in position L I'm only interested in maximum probability trades doing this with GameStop is not a maximum opportunity trade with the calls short-term dated calls now the short-term price action is a little bit different like I said that this is the play to watch here in GameStop now reversal off of here um it got stuffed at 2480 again sellers were way too strong there was not enough volume I'm pretty sure they did GameStop Miss on revenue is that what happened yeah they did Miss on Revenue was a pretty decent miss too so you know it is what it is um with GameStop it's just got to keep on watching it obviously we'll keep on covering it and right now just uh 24 you got to be levelheaded during these times 20 53 see how it holds up there so now the you're going to see the YouTube channel sort of start to change too because I am only going to be cover in I think I'm going to try something new I'm only going to be covering one to two stocks at a time as opposed to the 10 right that I put at the end of the video or whatever it is and I'm only going to be putting things I'm going to put if I have five stocks I'm watching on my Discord server I'm going to put like one here at the end or like one to two just so you guys can see like right now let's go over the active opportunity that I have so in the Discord server right now uh the current situ ation that we have is we have um active opportunities and watch an act and then New Era stocks that's kind of uh the stocks that are like the new sneaky Market leaders so right now I have one act of opportunity um in the watching act I got a couple in there which is like just watch and be patient but the active opportunity is like more of like the um I see an active opportunity here and I'm most interested in this although the watching act also still super interested in but the this is what I'm interested in here so Nvidia is up pre-market 1.17% okay fine fair I'm only interested in trading Nvidia right now if if it can come down to 98 I'm only interested in Nvidia if it can come down to 98 because that's where it's bounced several times um I'm interested in seeing how it reacts at 98 to take a position whether it's calls whether it's put will will react I'm I'm leaning calls there because of the support so that is the current idea I know it's a pre-market if this call to action never gets triggered then it then the trade can't be taken if it starts climbing here I'm not going to fomo in because the call to action is to do the trade here so that's kind of my new approach that I'm going to be trying and I'm going to not be watching as many stocks I still have like a giant watch list I still have like like I pay for trading view so I'm able to like have like however many stock like there probably hundreds here but I'm only keeping like a couple five six seven at the top here you know watch I like look at the other stuff throughout the day but I'm really only focusing on the stuff that has a call to action so if I'm watching five or six stocks one of those call to actions is going to be triggered and it gives me more of a defined trading plan and opportunity I think as opposed to watching like 20 30 stocks and then it's going up in day and then it's like oh my God so you got to be I've got to be more calculate there's a process to this there's a process to this and um yeah my goal is is still I still have lofty goals I want 100K uh by the end of the year so we're in September now um we'll see we'll see what happens we'll see what happens um but that's where we lie right now that's kind of my new approach and the new way I'm going to be doing and running my channel because I want the audience to get a high probab ability trade as well as opposed to just here's 10 things here's why I think about this here's what I like about this let's just focus on here's what I'm looking at in Nvidia the call to action is here if it doesn't get there there's no trade you know I think less trades is more at least for Me Maybe for someone else out there they like to take scalp they like to like do four five four six trades a day they like to take a trade every couple days I think for me personally this is going to work better with what how I approach the stock market so I'm optimistic optimistic about this change and I just realized it because it's like you need more of an edge here man if you want to do this sustainably and for a massive profit you need a huge Edge if you're doing things like doing short-term dated options on earnings it may work but one day it's not going to work and then that is how you blow up and it it's going to happen that is a guaranteed thing that is an edge to go to zero so yeah doing things like grabbing calls on djt or grabbing puts on djt before a debate yes you may be right but doing the habit of that is a Sure Fire way to go to zero and it doesn't just have to be with politics it just has to be with like the whole point of that is like doing it one way or another into an event that skews it out of your control like you don't know what that debate is going to bring how do you know that calls is the right answer there how would you know that puts is the right answer there you don't you literally don't there could have been that debate and djt could have squeezed 50% and it could have went down to there's no Edge there for short-term dated options plays so you need that edge um yeah maybe someone out there needed to hear that all right guys peace out