Your favorite duo got smoked swing trading $FAMI. They got caught in an overnight offering, resulting in a hefty loss for both traders. Lots of lessons in today's Small Cap... Tune in as Bryce breaks down the importance of reading the filings for small caps, how he plans to turn his trading around, and be sure to catch his day trades on $ISEE, $AEHR, and $ATER.
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*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
🚨Follow them on Twitter:
🔵 Matthew Monaco: https://twitter.com/mono_trader
🔵 Bryce Tuohey: https://twitter.com/TraderBryce
⚠️ (**Results not typical or guaranteed. Past performance is not indicative of future returns and financial investing is inherently risky.)
🌟 Follow StocksToTrade on social media:
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🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
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🔴 Day Trading 101: https://stockstotrade.info/DT101P
🔴 SteadyTrade Podcast: https://stockstotrade.info/STPP
🔴 T.W.I.S.T: https://stockstotrade.info/TWISTP
🔴 PreMarket Prep: https://stockstotrade.info/PMPP
🔴 SteadyTrade Treats: https://stockstotrade.info/treatsP
🔴 Minute Tip Monday: https://stockstotrade.info/mtmP
🔴 Small Cap Recap: https://stockstotrade.info/recapP
#StockMarket #TradingRecap #Stocks
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
Welcome back to small cap recap: everybody um matt's, not here today he's got a doctor's appointment, but i'm gon na keep this short and sweet matt, and i got absolutely smoked today. Uh guy caught an overnight offering on f a m. I together we're down a little over thirty thousand dollars. Today, it's tough! It really sucks we're both oversized on the trade relative.
I mean to be fair, you know it's tough, it's an offering, but definitely a wake-up call. I know matt feels the same way um. It was a 50 gap down off the offering an example of why the if you're going to swing small cap stocks, you got to read the filings and big mistake. We just blindly swung it.
After i mean the daily chart was nice, but you know it was uh, it has history of gap, downs and you know we. We swung it trying to kind of go for gold and matt lost, i think 22 or 23 000 on it. I lost 12 or 13 000 on it. I'll need to get all the exact numbers there, but we did have a couple day trades that did help us out a little bit i'll go over all the charts in a few minutes here, but yeah.
That was really tough um. It was kind of for me, a big wake-up call one. You know for a couple reasons. One i've mentioned this on camera multiple times before that i need to stop swing trading um and not that this was like a swing trade in the idea like i want to hold it for multiple days, multiple weeks but overnighting like over the weekend.
You know that's not my bread and butter, and you know that's something. I've deviated from a lot of lessons to be learned there um, but for a big thing for me, is i've really just been trying to work on sizing down, especially on the even just my intraday trades right, like making back a drawdown, never comes from one trade Or one really good day - and that was the problem is my last drawdown - i did make it back in one day i had like a forty thousand dollar day. It got my confidence up way too much um and you know i paid the price by taking now another pretty big drawdown, so i'm gon na be using small size for the next few weeks, really just getting back getting comfortable. It's how i've overcome every previous drawdown.
Uh and that's what i'm gon na do again i'll get through this is gon na be now i know i'll be all right. Um and i know matt will be too. You know we're not worried, but it's definitely a reality check big wake up call and now, let's get into the charts. So this is the daily chart on fami uh.
I said a 50 gap down uh, let's zoom out a bit, so this is the daily chart. It was a previous gap down it kind of had like that cei look to it almost where it was looked like it was, become a multi-day runner. They dropped that offering uh. Let's see we'll do a two day here.
They dropped it at 8 p.m. On friday now to be fair, i knew the offering was coming. I figured it might gap down like 20 um gapped down like well 50 ish. You know what i mean.
It was a by the time it opened. I got out on this bounce into the 30s here uh and yeah it sucked. I was long from somewhere. I bought one of these dips down here. Oh this is brutal. Like i said reality check, wake up, call lesson learned: uh, let's go into the day trades again, which is where i generally do better this one's. I see i actually was not watching it. I wish i would have a very clean entry right in here after this false breakdown, literally the same pattern right here, i was at the gym during this time just trying to get away from midday, because midday right now is not a time that i'm profitable and I'm trying to avoid it as best as i can, but this definitely was a nice trade.
It's still looking uh, you know it's still looking pretty cool, though, for tomorrow i like it a lot as a watch for tomorrow, uh aehr. This one is really good to me today bought this right here, sold into this pot, bought again right here, sold into these pops and bought one more time here. No, maybe right here, uh sold for break even once it didn't continue just trying to stay scalpy. This is a bit too far into the dave that i wanted to be trading anyways.
I left right after this uh then ater. I had a pretty good little trade on right here, longed a thousand sold up into. I let it pop into here and failed, then sold into this higher low uh. Once it looked like it wasn't only higher took it one more time right here, cut for a small loss there and then re-bought once this reconfirmed for a nice little scalp at 1760.
Something right in there uh sold into this 18 push and yeah. So i'm into the day, i don't know the exact numbers, i think down: 13 000. I think - and i think matt's down in the day about 18 000, so that puts us red andrew. What's that math there 31 18, 13..
31. 000. - that that checks out sorry, my my brain's, my brain's a little off today and just got the calculator yeah all right, andrew, say: hi to the people. What's going on guys yeah there we go um yeah a tough day really tough day, but again, like i know, i'll get past it.
It's going to be all right. I know matt will be the same way views this. You know, i i'm sure a lot of you guys watching or maybe a couple of you guys. I don't know this is the first offering i've actually been stuck in overnight uh, mainly because i never like would swing things before, and you know i i've you know mentioned that.
I want to oh haters going um. I've mentioned that you know i do want to learn how to swing. I want to learn how to add that, to my arsenal, the the fact of the matter is: i'm not there. Yet i haven't done enough back testing enough.
I haven't gotten enough data um to do it with the size i'm doing it with, and you know i haven't read through filings for small caps. You know, that's that's the difference between swinging. You know larger cap stocks versus small caps is small. Camps, are great.
The risk reward is generally fantastic. However, there are times where you get stuck in really large gap: downs um, whereas if you're swinging large cap stocks, that's not going to happen, you as often sure the market can take a beating, but you might lose five or six percent on a really bad day Versus fifty percent on a small cap trade, so you know there's there's advantages to both, but i'm going back to my process um. You know sticking true to myself sticking true to what got me to you know over 850, 000 in profits and yeah. You know i haven't had too many issues before this before i decided to be a swing trader, but i've got a lot of work to do and it's you know everyone, regardless of your level, will go through drawdowns. I'm really happy that mine, relatively speaking, isn't that bad. I think my drawdown now is about 35 000, which you know relative to my i'm still up. 850. 000.
So it's you know not even a not even a three percent drawdown. Yet maybe it's just over three percent, i don't know it's under five percent, though, which is i'm happy with uh just trying to really you know size down and come back stronger, and i know i will and uh. Let me know in the comments down below you know what are like: how do you get out of your drawdowns if you know if you've gone through a really rough drawdown, how have you gotten out of it, or are you struggling to do that now? Maybe we'll talk about more about that on another small cap recap on how me and matt have gotten out of our own drawdowns they've happened. You know what i mean so um yeah anyways, guys give us uh give that video a thumbs up.
We need it today and uh of course, subscribe. If you're not already subscribed, we do these just about every single day and yeah. We'll see you back here tomorrow on tuesday on small cap recap until then peace out. We hope you guys enjoyed that last video thanks.
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BRUTAL!!!!
Fucking amazing video though!
Thank you sir, and think you Matt for his knowlege in this too!
You can see how much more losses hurt than gains feel good.
This never goes away apparently.
TIme to size down and chip away, this current market sucks ass.
Big 100k drawdown happened right before the market quieted down so very much still in it. Sucks but gimme another February and I’ll be right back. Everyone just needs “their market” to recover from the bad ones.
$CYRN: Improving and Cyren Partner to Strengthen Phishing Defense for Microsoft 365
🗣 BUY THE DIP
In February I had 25% drawdown (15% of which came from bankrupt OTC being canceled). Was really rought, but luckily OTCs were wild at that time, so I ended the month up ~10% with couple of 50%+ winners. Just psychology man, keep your head straight and know that you will never learn everything.
$AEI 💎💰💎
$CYRN 💎💰💎
let's go to the moon 🥳🥳🥳
Only Smart people will understand the potential of this company
I would like to know what your thesis was for holding overnight this time around vs any other time . That would help me understand a little better
Fair play Bryce, thanks for sharing this I know that couldn't have been easy. Much respect.
what broker are you using to trade? I see that you are not linked to STT because I cannot see your entries and exits. Great video tho. Thank you
Keep ur head up dude, thanks for the great content. Love watching and learning from you guys. I’m new but trying to learn as quickly as I can.
I play golf after a loss like that? Lots of angry off the first tee, atleast not on a revenge trade.
Feel you, got caught in SESN when it dumped😩Just get out, learn and keep it movin’👏🏽Thanks for the honest recap💜
Thanks Matt and Bryce for being here every day and giving back to the community , I always learn something important from you both.
If you didn't dance around like a fukktard at the start of every one of your videos I would think about watching them
Appreciate the honesty that's why I didn't swing it I had a bad feeling
My drawdown was not pulling the trigger on joining the Challenge for 4 years… Oh, not the same thing? Well that's all I got haha. I just joined yesterday and am putting my head down and going to work.
I already watched Small Cap Recap every day & Bohen's "Pre-Market Prep" (almost) every day before joining the Challenge, but now, I'll be watching them EVERY DAY as a form of "Break" from studying as I know how much work I just signed up for…
Appreciate the upload (and just the show in general) as usual!
The reason videos like this one are gold is because you can tell how upset you are about this. Im a newbie and the emotions Ive felt the first two months are no joke.
WAAAWWW feel bad for you guys in a good WAY. I was going to trade FAMI but saw the BAD sushi chart so reject it..
Weirdest thing, I put in a small position in FAMI on open Friday morning expecting to ride it up to .80 over a week, shot up over 0.50 that morning right away and I sold it leaving some on the table thinking something doesn't feel right. I saw that offering Friday night and felt lucky AF and told myself intraday only after this! Same here, I didn't think the gap down was going to be as bad as it was though. I think poor FAMI is heading to OTC land.
Appreciate the house because I think the most important thing with me and I can completely relate to what you guys are experiencing is if you don’t completely know the probabilities of back testing your trades in our kind of hoping and guessing on a trade the market will destroy it was a very tough lesson for me learning with money is extremely expensive
Leave the pennys alone n come back to the real stocks boooooys. Well, still small caps but over $2 lol
Man, you guys sucked the big one today. Those offerings are brutal on the bottom line.
Coulda been worse, I've seen 90%. At least you're Ready to fight another day. Love the videos guys!
I'm so happy ☺️ my life is totally changed. I've been earning $10, 250 returns from my $4, 000 investment every 13 days
Bro! Thank you for sharing these! Aspiring traders need to hear about this side of trading more. Overcoming the Luls and hard trading days. 💪🏾
Trade 8 in the box. Use less than 1% of capital for 8 swing trades. Get your style down for what you like to swing. Scalping gets your rich, Swings get you wealthy.