Welcome to small cap recap everyone. I know we were a little hot and cold this week and last week we've just been like sick and ill and we're surviving though there we are i'd like to blame our recent little drought and profits on our illnesses so like if we're healthy next week, we Will be making focus uh for me personally, um i've just got a couple of fun announcements for everyone and then we're gon na. Let tui own this one, because i really i did not place a single trade today. I have learned the hard way and i'm sure some of you people can relate don't trade when you're sick.

It doesn't matter if you're, sick, you're, just not feeling right. You got other stuff going on in your life, just don't trade. I learned the hard way. Uh.

Two three months ago, like roughly when we first started small cap, i was sick, lost a bunch of money. Uh this time around. I was sick, lost some money, the first couple days of this week and then i was like nope we're not doing that anymore. So i took today completely off, which was refreshing.

There were some good plays, tui's gon na go over them. Um yeah, i'm just gon na share the screen, because i got to talk about something cool bone's. Doing bowen's got like this beta test going on. There's a link below make sure you click it uh.

He posted a cool video on his twitter about um the software he's using for it on crvs uh how he saw it pre-market, anyways, free sign up beta test. Um click it check it out might be right for you. It's pretty cool tool, link in the description and we're gon na pass it off to tui. Did you trade crvs today i actually did, and i i only made a couple hundred bucks on it.

So i traded it like uh, basically like a dip and rip right out, not right out of the gates, um that curl right up there. So i started in in, like i think i had a 385 average no like before that big spike in massive pullback go back right there and i sold half up at like 408 slammed back down and sold the other half at like 375 right around there give Or take it's only made a couple hundred bucks on it that was after that candle. I was actually way too scared to trade. That again i mean that was a lot of volume.

It held up. It held every level, just fine, but i mean i was. I always say this: i i made this a lesson kind of in small cap rockets today, when a stock can do that and does do it, you should expect that it can do it again at any other time throughout the day, um that ended up working really. Well, i mean it would be grinding, don't get me wrong and just grind it all day, but had you used that low a day risk you never already gotten stopped out um.

I simply was too scared to get back in. It was a choppy one up till the very end of the day where it started having a nice little parabolic um, but yeah. I only traded that out of the gates, so nothing too crazy and you know same way with matt. I'm i'm sick too, and you know it's been a definitely a rough week, i'm still kind of in my draw down phase, but you know working on sizing down building that consistency.

So as we go to the next ticker here, let's head over to ipha traded, it very scalpy and it ended up working a lot better than i had anticipated, but played that dip and rip. I got a 789 average um sold into like 8 30. yeah. No very scalable i mean it.

I uh. I was honestly it sucks, but you know that's part of the part of the game. I was just kind of taking the quick pop and especially after indp the other day, just really got crushed. It's it's scary.

I didn't know if that was going to dry up the momentum in the market and clearly it didn't hlbc. Obviously you know ripped pre-market from nine up to like 18 and then throughout the day got like 20. I think 25 26, but uh i was just. I was trying to play it very cautiously.

The action really hasn't been like clear and defined to me. So that's why i played iphy, as i did happy with the way i played it locked in like 1700 there and then spir um got the secondary pop on it. If you pull up v, wap real quick, not that one, oh wow, that popped that popped in the other day there so right there yeah that consolidation right under view up, i had a 1270 average. I think 1275 right through that break, sold up into the 1350s and again that seemed like a backside balance to me, so i was trying to just play it for what it was um respect.

I mean it held the risk levels. Again, though, it was just a really relatively thin one, it will pump that daily chart. Look how ugly that is. You want to see an ugly ipo, that's just a nasty chart.

Yeah! That's just it's like reverse consolidation. Now it's like going out this way. So those were my cbs. I didn't know it wasn't a big one but ipha spir those my two main wins today locked in 3 500 on relatively small size too, which was nice um.

You know so that's yeah, slow and consistent is what wins the race! That's! What's going to build me out of this, and ideally by the time i'm built out of this worked out of this drawdown, like that's kind of when the market will start getting heated up again, learn the good habits and then be able to use some size. That's kind of the goal but, like i said right now, i'm just this market is choppy like there are a ton of opportunities. Don't get me wrong, but you have to be very precise with your spots like if you chased crvs, you know uh even really above four, it's gon na be tough, like you weren't in the money until after 1pm. You know what i mean like you really.

I mean you were a couple times, but not even to a full if you're risking low a day. That's that's a tough one. You really got to pick the right spots because you will get chopped up. If you don't really respect your risk level and let's be real like a lot of these choppy ones, the risk level has been kind of wrong too um it'll break through that risk level.

Before confirming a new one and yeah, you really got to pick your right spots here and that's what i'm trying to learn in this market just to really really less trades, more uh or more precise executions. That's well said i i didn't even look at a chart today and it was. It was tough out there, especially crvs um. I mean all of them, they're just choppy very, very choppy, and that makes it tough.

So i know uh what was it ipha like you, scalped it sold too early, but, like that's the the market, we're in is so choppy. It's tough, you really got ta be quick and entries are very important right now, but also exits too, like we get the one-off, random runners, which i think makes everyone think like. Oh, this is the next home run, but like for every one stock that runs there's literally, probably 50, that just pop drop and die um. So it's very very difficult out there right and the reason i personally said you know like entries, it's really important because i'm right and if you're playing this market relatively scalpy, you're going to sell industry.

So but you can't sell the strength if you bought the strength. You know what i mean, so it totally does depend on your style and that's right, though, if you're going for like oh, if you're, if you're more of you know matt, i know especially the way you trade, especially that afternoon, like if you're buying dips selling into That afternoon, strength that pop might not last as long as it does you know as long as it would have used to totally so it really is important. If you're i mean you know the way, i trade lock into strength every time. Um.

Absolutely, i think, that's a good tip for everyone out there, and even if, like that's, not your style and you're. More of like, like crbs, did trend nicely, but it was very choppy in between and you just got focused on in those cases. The real key levels bryce mentioned that very briefly, like low a day um and it's still possible to trade that way um. But you have to use like very, very significant levels, otherwise you're just going to get chopped out.

It's a tough market out there, so i'm just going to tell everyone to keep their heads up uh typically september september was my sellest month last year. I think i mentioned that, if not i've been talking about it, i only made two thousand dollars in september. In 2020, it was like 20 to 800 bucks and i still managed to make like 600 000 that year or whatever so like when the market's hot you tune it up. When it's not, you focus, you bryce is doing it great and i'm trying to do the same exact thing.

Get back to the basics. Um just install those good habits and you'll be in a very, very good place if you're studying and doing all those things and putting in the work when it's slow, because when it heats up, as it usually does, every winter uh we're gon na have some fun. Yeah and one last thing i'll say here for those that are struggling right now, one thing that's been like really important for me is i i got off of you know when i was like really doing it really hot this summer. I wasn't really journaling nearly as much as i used to and i started doing that again and i i found the one play that makes me money.

It's got like 73 win rate right now, so it's like well, if i can even just get a one to one on that, i'm profitable um. So it's like find that play that you're, making money on and really work on, cutting out the rest, and so i did today and it worked and it felt really good. It was never stressful and you know do if tr try it out can't hurt the journal. It can't hurt to learn a little bit more about yourself.

Right well, said, um, all right, so check out that beta test like subscribe. If you're new, we appreciate all of you, it is friday, so enjoy your weekend. Um get away from the screens a little bit have some time with family, but don't forget to study and prepare because monday they call it money monday for a reason. So make sure you have your plans, your watch list and can't wait to see everybody monday.

So we'll just check, we will see you guys back here on monday, don't you worry we'll be in the office, i'm determined so cheers everyone have a good one peace out. I hope you all enjoyed that video thanks for watching the whole thing and being part of the stocks trade community. We wouldn't be here without all of you, so if you have not already make sure you hit that like button and subscribe to this channel, our goal at stockstraight is to reach 100 000 youtube subscribers by the end of the year. So if you like the content, we're putting out - and you want to hear more - please please hit the subscribe button and i will see you in the next video.