Welcome back to small cap recap: everybody um bryce toohey. Here the market sucks. I hate to i hate to be the bearer of bad news and be like probably discouraging you from wanting to open your screens in the morning, but the market sucks um and that's not my way of being like. Oh, i lost a bunch of money today, but i did um so here's the problem with this market right volatility definitely lower than it used to be like back when the madness was happening, but even on the top percent.

Gainers, like the liquidity, is definitely just drying up a little bit, probably a lot of money. I don't know if i'd necessarily say going into large caps right now, but that's where it seems like the majority of the action is i mean yesterday the spy, the s p. 500. Look at the chart in a few minutes here had 15 points worth of range.

Like that's huge, if you will we'll even pull up the daily chart at some point and like you just see like those daily candles, are larger than they've been in a long time um, and when you have that kind of range in large caps. It just makes sense that like why. Why would you trade, small caps when there's unlimited liquidity in large caps, um, so anyways momentum's definitely been dry in the small cap territory um in most of my loss today, i actually just i cut a couple bags um and i know you're all going to be Like bryce, you keep saying you're cutting all these bags. Why don't you just stop? Listen, i actually have risk levels on them, they're, not actual bags, and i never talk about the swings i went on, which i i bet you i'm like break even right.

Now i'm practicing and that's what matters um, probably still with too much size, but that's beside the point i think today i ended the day down. Like 6 500, i withdrew quite a bit of money out of my account today and i'm just gon na keep doing that until uh, okay, i'm gon na keep withdrawing money until the market picks back up. In fact, matt and i are talking today - it's like they're. The best trades, the easiest trades seem to be in the afternoon after charts have developed it almost might, you know be worth just not when i my biggest problem is when i'm in front of the screens in the morning i want to trade, and so from now On until the market really starts heating up again, you know until there are some really big top percent gainers a lot of movement.

It's pretty easy to tell when there's follow through then i'll start working on trade in the mornings again, but for now it's just like. I don't i don't want to keep losing money out of the gates uh, so my plan going forward is really just more focus on the afternoon. Hopefully, ideally not even turn my turn my charting on in the morning and go from there. Anyways though, let's go on over to the charts, so this is the s p.

500. Yesterday the the spy went from about 465 down to 450. Now, let's pull up that daily chart real quick, so you can kind of see what that what i was talking about here - let's take some of these off just so they're, not covering anything up. Look at the size of these candles right, like we haven't, seen anything that large, like even these candles are not nearly that big.

We haven't seen those sized candles now that was pretty wild gap down, but i mean gosh almost this year. Let's now, if you go back to like the covet crash sure, then those candles were huge, range-wise um. You know that was it almost looks similar. Doesn't it um, i'm not worried everyone's like thinking the big big big crash is coming i'm doubtful.

I really am doubtful. I still think there's too much money um and you just got to remember december - is like a time where bigger investors, people who have like large swings, they cut their losses for tax purposes so december. There normally is a sell-off in january. It's called the january effect when stocks just start running because everyone's buying back the the what they cut in december.

So it's not very uncommon. What is a little more uncommon, i would say, is the lack of volatility we're having in small caps. Let's go over a couple of them today. Bfri was a nice first green day.

I actually was meaning to watch this. I absolutely would have bought this 450 break uh into a halt up at five, which would have nice - i probably would have sold before then, because the volume really never came in uh, nothing too crazy. Anyway, let's see yeah i mean the most trade was a hundred 000 shares. I would have been a little sketched out here for sure, but ended up being nice just chopped around all day.

This was the one of the main day trades. I got chopped up on big time, so i longed from here here here to excuse me 615 is a scalp, and then i just got chopped up in this range um before it inevitably did nothing the rest of the day d walk. So we had a pretty big gap uh yesterday after hours, so we had. This is what sparked that gap.

This break break of support to instant recovery, uh on a lot of volume, and then it went up to nearly 60 pre-market, which told me that is probably too overextended for today. I did take this trade here as a scalp at like 49. I want to say 49.20 sold up or no, you know what no, what uh, what i did was. I took it here then instantly cut then re-bought right in here kind of like a little cup and handle i sold into 53.50.

So i'm not going to say i top ticked it, but you know the goat, no, i'm just kidding. That was the only stock. I basically made money on today. Uh aerc was another wild one, a really frustrating one hard one to trade.

This was that one that fell down roughly 80 percent in a day uh. I actually went over that entire kind of why that happened in uh the steady trade. My our study trade team webinar yesterday, but you know i'm not gon na, go too far into that right now. All i'm going to say is that this is one of those really really annoying stocks that just decided to work midday out of nowhere seemingly um, because i was watching it this morning.

Actually, right here is where i was watching for continuation, and then we just broke multi-day lows, so i stopped watching it and it there really wasn't a lot of volume trade on it either. This would have been a really really tough one time, even if you were watching it, but it worked out well, so i got a scalp from here: uh 18 average sold up into the 1970s. Oh see, oh look at that. I did top tick again, uh, not really because i so so i've told you i scale out of my trade, so i started scaling out here after this break and then just scale that into these candles here um and those right, let's see, did i yeah most Of my losses from the intraday trades today came from this choppiness on bfri that, like really was uh.

What what got me good, oh and then here too, oh my gosh two times oh come on i suck. So i took right here at 608 ncf640. I saw the bids at 360s or 36s getting taken out and i was like i probably should get out of this and then sold all the way down here at 590 because it happened within like a second. So that was frustrating too, but that's just the way.

The cookie crumbles, like i said, i took a lot of money out of my accounts. That way, i am forced to size down, because it's not worth the risk right now to have that much money in uh i'll definitely be trading a lot smaller moving forward. Just until the market heats back up and that's kind of my plan, like i said, afternoons have been the easiest ones to spot. In my opinion, like aerc, for example, right holding was holding vuewop after having a really nice run, was a really nice area, a little cup and handle pattern here as well.

I didn't figure. This would break out again over high a day, so i treat everything as a scalp still in this market, because the lack of follow-through that seems to be the golden recipe right waiting for the afternoon size down, treat things as a scalp. Is it fun? No, is it going to be this massive money every day? No, because look at that, even even here, the volume was nothing special. I mean when i entered the volume.

Was i've 23 000 shares like you can't size that crazy on it, but there still is potential. It's just not home, run potential every day it's taking a couple singles and living your life outside of trading. It sucks having to say that in december, because normally this is when you don't have a life, and all you do is trade and look at screens, but for now take it for what it is. That's how i'm going to try to be approaching the market in the following.

I don't know at least a week or two until we kind of see where the overall market wants to go and whatnot so anyways. That's all i've got for today. Like i said, it's trade, safe trade, smart, oh i'm, gon na end this off with a quote um because normally matt's, like bryce close this out, and i never really know what to say. But i heard a good one today that actually rhymed too every king was once a baby.

Every building was once a blueprint, so live life to your fullest every day. I i ended that wrong too. There was totally i totally butchered the ending it was like live every day in the present. That's what it was live every day in the present.

I have. The i've got the crew here laughing! That's what matters. So if you guys didn't laugh, just know that these two are laughing for me. Um, do you guys want to say hi, real, quick, say hi to the small cap recap folks, what's up guys that was andrew, you know andrew alex is stepping in too hey guys.

Whoo stocks, detroit team anyways - that's all i've got if you are not subscribed, be sure to subscribe. If you have not commented on these videos, i know i'm like talking about how much the market sucks today, there's probably not a whole lot there, but there's a little little bit of learning involved. Um leave a comment like the video. Now you can't dislike the video right, they took the dislikes off or something or didn't they didn't they change that.

I think so i don't think they took it off. I think you can't see who disliked it. You can't see how many people disliked okay. Well still, don't dislike the video but yeah.

That's all. We've got guys thanks for watching uh. Oh we'll see you tomorrow for cocktail friday, matt and i will both be on and our goal is to take as few trades as possible. So keep that in mind.

That's our goal: trade, safe trade, discipline, trade well trader, bryce out here. We hope you guys enjoyed that last video thanks so much for watching and being a part of the stocks trade community - we wouldn't be here without you guys be sure to hit that like button and subscribe to the channel. If you haven't already, our goal is to 100 000 subscribers by the end of the year, but we can't do it without your help. So if you enjoy what we're putting out and want to hear more, be sure to hit that subscribe, button i'll see you guys in the next video.