All right hey everyone Okay, so uh, we're gonna get started here with the weekly game plan. So I want to give you guys my game plan for the week ahead and walk you through a little bit of the action that we had last week and uh, answer questions you guys may have. Generally speaking, the last week was slow. You know as some weeks are, this is.

you know, just the way it is there. We struggled last week because there was a lack of really good quality catalysts that came out. There wasn't a lot of really good news on uh, you know, individual stocks. Obviously the overall market last week was really strong, which is great.

So we have the CPI numbers on Wednesday that came in um, lower than expected at 7.7 So as a result overall Market had its best day in two years on. um, was that what? No, Sorry, um, let's see uh, when. Um, let's see. we had the big Gap up here and then yeah, then we had, of course, um the 11th, uh, yesterday or yeah.

Friday So anyways, um so it was kind of interesting that we had um, as big of a move as we did in the overall Market and yet we didn't see a ton of um, a really good opportunities in small caps. so small caps we just didn't have a ton of headlines. It was kind of slow and you know there were a couple of Trades here and there. but overall it was a it was a relatively slow uh week for small cap Traders One of the things that I noticed was a little bit of a theme.

we were having some of these stocks um, Snal was one of them. This is one that, um, you know. we ended up having a couple of um sort of moves on First on Thursday and then continuation on Friday And by the way, for those that are, um, just getting tuned in, it's Sunday. So we're doing a little bit of a game plan for the week ahead.

so usually what I would do is go over the members dashboard I log in I can log into the chat room and there I can take a look at some of the scans that were running from last week. so I can check out some of the stocks that were moving and then I can start to dive into charts and things like that. So let's see. Um so my yeah, my thought here.

So like snail for instance. Um, so this is one where we had this move early on Friday and you know it ended up being like kind of this straight up kind of squeeze here. this one ipo'd on Thursday Then they come out with news that they're doing a share buyback. so you know as that's not very common, you don't usually have a company that does an IPO and then turns right around and does a share buyback.

Why even do the IPO Why even raise money if you're going to buy buy a stock right back? So it's a little weird, but they ipo'd I think the price was five dollars and they started trading at two dollars which was pretty low so I guess I don't know. but in any case, um so yeah this Contin this moved up a little bit um pre-market on Friday We had a nice uh break of V-wap setup right here. uh so that was a pretty clean uh trade I did get that one and that was one of my um, one of my best trades of the day on Friday that was break of V-wap right there and it gave us a squeeze from about 390 398 up to about 440. which is 10 I mean that's not bad but you know it wasn't a lot.

So and one of the things that I've noticed we had uh some real Chop on Friday it was a TLS I can't remember. um it's the one I'm thinking of daily chart yeah so this one. this was kind of weird. this stock on Friday um you know makes a pretty big move up.

Let's let's look at the um the morning I just want to show you a couple of these candles I mean it was like crazy. look at this. look at this candle right here where it drops goes up to five and then tanks and it did it right here as well. This candle where it squeezes up from 380 up to four up to a high of 480 and then drops all the way down.

I Mean there was some really nasty rejections that we were seeing on Friday and Thursday as well. So I think one of the problems is just that we didn't have a strong enough Catalyst to really Propel any of these stocks a lot higher and give them the strength to hold those levels. So we had a lot of this kind of pop and drop stuff where you know stock would pop up and then it would worse and then it would pop up and then it would reverse. We were not seeing really good staying power.

We definitely didn't have any multi-day continuation last week of stocks that were really strong for several days. Of course, the week before we had hudi. You know that gave us some great opportunities and that did give multi-day opportunities three or four days of Trades But we didn't have a lot of that this week. So my thought for the most part is, you know I still did the best on Snal on Friday Uh, Snal being the leading gapper to me, it made sense to focus on it right? so that that kind of has been where I've still found just the most consistency trying to focus in on leading gapper, leading, leading.

Gainer What's the obvious stock today? And so Snal gapped up 86 percent and even though it wasn't super clean, uh, as the day went on, it did give us some opportunities and at the time it was the obvious stock to focus on. So that's going to be really. My biggest approach for next week is to continue to focus on the most obvious stocks each day. I think if I start.

this is where I think the Traders are going to get into trouble during this Market it's already a little cold. We're not seeing great follow-through so if you start dabbling in these obscure stocks that no one's watching no one's familiar with, you're not going to see good follow through. You're not going to see any follow-through So right now there has to be an approach of focusing on I mean So right now there has to be an approach of focusing on what's where. What is the leading? Gap or Gainer where's the volume? What are Traders paying attention to And that's the stock.

Most likely where we're going to see the cleanest action. It may not be incredibly clean, but that's where we're gonna most likely still see the best action. So snail that was the case on Friday uh Thursday I don't recall um what I traded but for the most part each morning I just sit down and I look at the leading gappers the leading gainers here on the scan and I sit down. look at those charts I see if I can find some opportunities.

So going into the week ahead right now? yeah, we're in a little bit of a lull. We haven't had a lot of good catalysts in the small cap sector, so we're definitely due for a couple of stocks to get some news and to really hold up super well. You can grab one um from over there if you'd like. so the one on the bed right over there.

So yeah, that I don't know. That's kind of my thought. um I do have sort of right now. Lower expectations.

Yep, that's the one. Um, hey Bud I'm in a meeting. You gotta pull hard or you can use one of those from over there. Hang on a second.

Okay, so uh yeah. Anyways, um, kind of distracted here. So I think we've got a couple good things going for us right now. Position of the overall: Market That's certainly interesting.

I'm hoping that we see a little bit of continuation. Realistically, it's not like I'm expecting the market to do anything crazy right now. We're right into the resistance of the 200 moving average and the fact is, the market was super strong these last couple days and that didn't really have any impact on um, small caps. You know, small cap stocks kind of trade in their own world and they will oftentimes not really be super connected with what's going on with the S P 500.

So you know I don't know that it makes a huge difference really. What we end up seeing in the S P over the next three weeks, but at this point we've got descending resistance and then we have the 200 moving average, so we want to see it get above the 200. If you're bullish and probably come up to that descending resistance line and we may do that, we may see that and then have resistance there and then step step down for another leg down. So we're kind of in this channel as you can see here, sort of draw it like that so we're in a little bit of a channel.

It's not perfect on the bottom side, but uh, that's that's the trend of the overall. Market Aside from, you know, a good month on the CPI numbers, we'll see what uh, the coming months give us in terms of the inflation continuing to go down and then Federal Reserve Feeling that they can hold on their current um, rate hikes I I Think it's well understood. there's going to be more but slowing the pace and slowing the size. That would all be good for the overall market.

And generally speaking, what's good for the overall Market is good for small caps, even if it's not a direct correlation that. oh, overall, Market's hot today, so small caps are going to be great. Just generally speaking, it's It's certainly better if the overall Market's strong. So that's the overall market.

and I don't have any individual stocks that I'm watching going into next week. you've got your Hudi Dwac. You know a couple of these stocks that Traders have been watching, but I don't have much interest in them it. I Just don't think that this is a market where we can trust continuation.

In fact, there were some traders that were talking about Viru um for daily continuation I was like okay and then it had bad news and it dropped down. But at this point here I was like okay, yeah, I could I could see the setup. but I don't think there's enough conviction in this market that that setup is going to work. So I'm not going to take that trade.

So right now, my game plan is just to focus on the most obvious stocks each day and to trade within that range even if those aren't You know huge home run trades right now because we're not seeing big parabolic moves. Base hits are good and you know I think I finished on Friday at like 2 900 just under 3 000 which is a fine day, so you know small green days I think some base hits daily. goals 5 000 coming up short on that right now. but uh, you know in terms of my November averages, but that's okay.

It just seems like the slowness that we had at the end of October has kind of carried through these first two weeks of November so hopefully we'll see things turn around. but you know, if not, it doesn't It's just this is the way trading is. You'll have periods where there's a lot of opportunities and then you'll have periods where it's slower. And the best thing you could do when it's slower is have the discipline to not over trade poor quality setups Because when you start over trading poor quality setups, that's when you can really get yourself into a bad situation.

You could start to have losses back to back and then start to snowball. Then if you start to get desperate or you get emotional hijack, it's the worst Market to be overly aggressive in so then things can really roll over quickly. So yeah, I think the best thing for next week is just to continue to focus on what's obvious. We also haven't had any particularly good Algo Spikes I Don't think I've taken um, any.

I Don't think I've had any trades on Algo Spikes in a couple of weeks, but that's also partly because we haven't had strong enough news catalysts that really created the Algo. Spike We've had some pops, but nothing that was really, really strong. So you know that's just kind of the way. Um, that's I think just a result of what's going on in the overall market for small caps, just not a ton of volatility.

So when you have you've had, we've had some that have popped up, but then they don't sustain super well vs. right? That was another one from Friday So vs. we did end up having a gap on on this one. Let's see.

um, gapped up about 20 percent but then sold off during the day so it just didn't hold up super well. so it had made a move. Uh I think going into the close on the 10th and then Friday the 11th. We saw a little bit of continuation here and at the time that I traded it I did get a trade on it.

it was at that moment I believe it was the leading gapper, maybe the second leading gapper. so you did have a pullback set up there. There was another one that started to form kind of like right in this area, but that one didn't end up holding. So I think right now there's just sort of an inherent slowness.

uh, to the current market. We've got to wait until we see, uh, some some stocks that are holding up just a little bit better. This is a good time to be trading, probably with smaller share size. and I you know I've talked about this before about drawing down my account when things are slow because it doesn't feel like the money is really serving any purpose being in there.

But on the other hand, things can switch on a dime so fast I mean tomorrow for all I know tomorrow we could have a stock that you know squeezes up 100 pre-market and ends up giving me the best day of the year. But if I draw my account down I won't have the buying power to maximize on that opportunity. so I just keep my account pretty much ready. so I can be aggressive when I see opportunities even though for the the last couple weeks it's kind of just not been I haven't been super super productive.

but you know again, that's just part of the way it is with trading. You have really hot weeks and then you have colder weeks. The idea is that the equity curve is generally going up, so if it's going up quickly, that's great. If it's going up slowly or going a little sideways, that's okay.

You want to avoid the sharp declines from Big losses. You also want to avoid just that gradual stair stepping down of slowly losing. so trying to keep yourself focused on um, you know on being discipline is going to pay dividends in the future. So if I try for 5K a day, how much am I risking on a trade like a hundred grand? definitely not.

Um I'm not I wouldn't consider myself to be risking 100 Grand on any trade at this point. Uh, I and I think of risk a little bit differently. how much Capital am I using for the trade? That's a different question in terms of risk. I'm focusing for the most part on a one-to-one risk to reward ratio.

so I'll risk 100 to make 100. I'll risk a thousand to make a thousand and to get to 5 000. usually is going to be three or four good trades each one where I was risking maybe two thousand to make two thousand or three thousand. So generally speaking, I'm going to be risking a thousand two thousand dollars per trade in this current market in terms of the amount of capital required to take those trades.

The biggest position that I've had recently. Let's see, we've had some higher price stocks, but I didn't take big size on them. So vs I think I took 10 000 shares of this stock and it was a about three dollars. such a thirty thousand dollar position.

Now if I made 15 cents, I'd be up 1500. If I could do that three times, I'd be up 4 500 and that would be trading 30 000 positions. Uh, but of course I'd be happy to take 10 000 shares of a five dollar stock as well. which would be fifty thousand or ten thousand shares of an eight dollar stock would be eighty thousand.

So that's the amount of capital I'm using. but I don't consider that to be the amount of money that I'm risking because I'm not trading something that has uh, zero value. I for a short period, own something that has value and I can always sell it for a loss if I have to. but I can sell it for a loss at you know, 790 or 780 and lose a couple thousand.

But then get back. You know the 80 grand that I put into the trade more or less? So yeah, we haven't had anything that's really Justified Taking big size on liquidity's also been a little bit of a problem. We've seen some moves, but then they've been on such light volume that it wouldn't really be possible to size in, uh, to the trade in any significant way. So even if like Hudi might go up five or ten dollars a share, the volume is so light that you probably wouldn't have gotten filled any significant share size.

so you know you wouldn't. it's it's not like you can should really feel fomo like oh I could have made 100 Grand on that because realistically, you wouldn't have been able to buy 10 000 shares of a lot of those higher price really low volume stocks have made some big moves. they've just not been liquid enough, which is a little disappointing because of course I'd like to be able to size up a little bit more, but uh, it just it just hasn't been possible right now. So I'm trading smaller size, grinding on smaller numbers, and waiting for the next round of momentum.

I Thought with last week with Hudi uh, being so strong, you know, two weeks ago, a week and a half ago that that would carry us a little bit more. Some kind of wild Chinese China Momentum Chinese Stocks going higher. But as you probably already know, Hudi did a uh secondary offering price of 25 a share and so I was sitting here watching it when that happened and the stock dropped pretty quickly from over a hundred dollars a share. Look at this drop right here from over a hundred dollars a share.

just tanks and it happened. It happened basically instantly and for what's worth it, it dropped that much on not even 100 000 shares of volume. I Mean if you'd had 10 000 shares of this stock, you would have been down a million bucks on that drop. Um, and you know to sell it, you would have been 10 of the volume on that particular candle.

It was pretty brutal. It was pretty bad, so that wasn't great to see. and I think that that, unfortunately, kind of, you know, put a damper on the idea that maybe we were going to get some continuation on or any sympathy. Momentum on a Chinese small cap.

So that was unfortunate. Uh, on Monday or Tuesday whatever day that that happened, maybe it was Wednesday I don't remember. In any case, that was disappointing and you know just this. Typical stuff that we see with a lot of these um, stocks.

but you know, makes a crazy move to 200 and then two days later is back at 18. so it just comes all the way back down right? So trade, trade what's in front of you, trade the momentum and avoid trading on the back side of the moves. I Think that that's probably going to be still a safe bet. So going into next week my game plan tomorrow morning.

I'm gonna sit down I'll be streaming for of course members of Day trade Dash streaming for warrior members and I'll be sitting down going over the Gap scanner. So as always I'll log into the dashboard I'll pull up my Gap scanner. Of course there's no gappers today because it's a Sunday Bill pull up the Gap scanner Monday morning and we'll start trying to get dialed in on the leading gappers. Now if the leading gapper is a 60 Cent stock, I'm probably not going to trade it because I don't like trading penny stocks if the leading gapper is a I don't know.

eighty dollar stock with a 200 million share float. I Also, probably won't trade it because it's gonna be too expensive. So not only do I need uh, you know to focus on a strong gapper, sometimes you'll have a gapper for instance, that gaps up and then by the time you look at it, it's already pulled back quite a bit. So not only do we need a gapper that's still holding up, we need one.

at least in my opinion, that's priced between ideally you know, two dollars and maybe 20 with a float of under 20 million shares and that may or may not be the case tomorrow's but that'll be what I'm looking for. and if I can find it in the top three or four gappers, that'll be that'll be fine. I Just don't want to start going to the fifth, sixth, seventh, eighth gapper because I think I'm just going to be moving too far down the Gap scan. so trying to focus on what's obvious and I'll continue to be testing out uh and giving notes on the charts that we're working on.

Many of you guys know this is part of our Um this is all of this is the Day Trade Dash Platform Day Trade Dash includes scanners, chat rooms, and it will soon include charts. This is all available to members of Day Trade Dash It's also used by Warrior members, so anyone that's a member over Warrior will have access to these the same tools. But right now we're waiting on me to give some feedback on charts and our developers are going to do a little uh, tweaking and improve some things. and then our goal is to roll them out by the end of this year.

So that's something that is, um, coming soon. All right. So yeah. so anyways, Um, and of course this is a good opportunity for those that are going through the classes.

If you haven't already checked out my day trading strategies and scaling class, this is the flagship course that most people, uh, go through who go through our curriculum. This is the most popular for sure. and the live trading archives are, uh, a really great asset as well. If you view the classes in the learning portal, I'll just pull them up here.

So this is small cap Part one of two the latest version of course I retweached the classes from time to time, but um, what? I focus on pre-market Chapter seven these are all Gap and go strategies first second pull back continued. Uh. Examples: pre-market highs, pre-market pivot, half dollar whole dollar opening range breakouts red to Green Gap and go pre-market And then chapter 8 gets into uh, my most popular and favorite Momentum setups that I trade pretty much every day, so it continues there a little bit. This is what I would encourage you guys to focus on.

When the Market's cold is studying, study as much as you can. Just study, study, study, watch these live trading archives. These are so valuable. For those of you guys that you know haven't gone through this type of stuff before, watching videos on YouTube is certainly helpful.

Uh, having them organized in this way I think makes it a lot easier for people that are wanting to really make an effort at learning a lot about the market. One of the problems with content on YouTube is you know it's hard to figure out there's more content than one person could possibly consume and content can oftentimes be um, contradicting because you have different strategies out there. So I think it's a good idea? what? whatever strategy focus on mine if it's the right fit for you or someone else's whatever it is, but go all in on focusing on that strategy and really try to learn it because clearly there's someone out there that's trading it successfully. So you want to try to figure out what are they doing that's working and everything you can to understand that is going to be important in your success.

So then watching these interviews that we have this is one that um I just did with Justin But all these interviews that we have a bunch with million dollar badge holders but then these are all with verified profitable traders in the community and this is um, this is another thing you want to watch and pay a lot of attention to. So there's a lot of things you can study. Uh, during the downtime when the Market's a little slower. so make good use of your time.

study up because Nexina will be in another hot streak and you want to make sure you can capitalize on it the best you can. Alright, so that's the game plan. Uh, for the week ahead it's going to be interesting to see what we have Monday morning. What the overall Market looks like um I didn't check the s p Futures but I'll check them later tonight.

But in any case, generally, even if we're on a gap down, I'm not going to be too concerned about it. It wouldn't surprise me if we had a little gap down off the 200, but um, in any case, doesn't really matter. Small caps excuse me are going to continue to be my focus so we'll look for some opportunities there we'll see we can find. Hopefully we have some gappers.

Mondays have been a little slow, but I usually try to ease in the week with a couple of green trades start to build up my cushion and then size up a little bit more on Tuesday Wednesday Thursday and then size back down going into the weekend because what I don't want to do is have a big big loss on Friday going to the weekend because I think about it all weekend long and I also don't want a big loss on Monday morning because then I'm digging myself out of the hole for the whole rest of the week. So there's a lot of psychology that goes into the way. I Position: Uh, and this is all different strategies that I use to cope with the reality that trading is risky and that there's a high degree of loss and I do lose money sometimes so I have to really be always trying to think about how can I position myself as much as possible. So I'm always ready to really step up to the plate.

So I'm just kind of like in a constant state of readiness. All right. So that's.