It's not easy staying green if you can't stay disciplined. That's why Bryce and Mark are focusing on setups that work for them and sizing their trades appropriately. Tune in as they offer some solid tips on trading safe in this choppy market... And catch their chart breakdowns on $NEGG and $IQST.
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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.
🚀 Check out Small Cap Rockets: https://stockstotrade.info/3DmxSyv
🚨Follow your hosts on Twitter:
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🔵 Mark Monaco: https://twitter.com/markmonaco18
🔵 Matthew Monaco: https://twitter.com/mono_trader
⚠️ (**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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🔴 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.
Hit it bryce, what's going on everybody man that might be the farthest i've ever made into the song uh yeah happy monday. As you can see, monaco isn't here again um, which is fine. I'm not allowed to say anything because, honestly, i was sick for like two weeks so i'll give him uh i'll cut him. Some slash, sick, everyone's sick dude.
Well, you can't join in on this. Why? Because matt told everyone is because i just like load up on drugs or something and now everyone's like. Oh you weren't, actually sick. You were just drunk and high or something like i was actually sick.
I had whatever whatever it's fine, it's all good um, all right. Anyways, no yeah happy monday markets a little slower today. Um, really not. I mean the only there's a c-rex top percent gainer, but like nothing crazy there, it was like the top percent gainer out of the gates and it had a midday push and that was about it.
Then it just kind of died off um before we get into charts. You know, i won't even call this a slower market. There are opportunities, but definitely a choppy market. When is the last time you've been on here, probably about a month ago, maybe even a little more uh, three yeah three weeks, yeah four weeks, something like that.
Tell the tell the viewers like again you're a newer trader chop, your market. How are you doing what are things you notice and like again as someone who you know, you're trying to work on finding the best opportunities taking the best trades? How are you doing in this choppier market? To be honest, i'm about i'm about break even um over what period uh. Probably since the last time i've been here, i think yeah, honestly, i'm about break even maybe honestly a little red on but um. I don't know i just i i'm small or i'm downsizing big time in my trades like can we get a round of applause for the live audience yeah, yeah yeah? For some reason i thought it didn't matter.
Any trade go big or go home, but took a huge step back now and we're actually trading with some discipline these days. So and now. What are your thoughts on kind of the? Do you feel the market is choppy as well? Yeah i mean yeah, it's just slow things that should work aren't working as well. If they do it all, and it's just it's a little frustrating, but this is this is where you learn 100, and i think this is a great time for any new trader to learn more so than anything else.
The discipline it's going to take to not lose during periods like this um. There again, i said there are opportunities out there, but if you're over trading, if you're trading the wrong setups, it's going to be very hard to stay green, and so this is really a time to work on scaling back the amount of trades you take the size, You're using and when you find the the patterns that are consistently working in this market, then you attack those a little bit more size and that's a great way to segue into basically the one trade that i made money on today. Um. I only really only took like five trades today um that taker is any gg, so let's pull up a quick, a daily chart. Um. Obviously you guys know this is a wild runner, a few months ago, running from roughly 10 up to 79 coming all the way back down to 10 and the other day it spiked from 12 to 20, and i've been keeping an eye on it ever since then, And today happened to be the day we tested that multi-day breakout um. Actually i meant to do 15 minute. There we go um.
What i just saw here was just a really nice multi-day consolidation, and then today we had that perk through basically testing this multi-day breakout level here in the 1760s, and i figured if we could get through that. We could probably test that 20 area, which we did like a like butter. I was really really smooth all day very easy to identify, in my opinion, the um, the the the right spots so this morning. Let me just honestly: do it one day there we go um who could possibly be calling me? Do they not know? I'm filming small cap recap.
Sorry, i just can't let my phone buzz in my pocket cause. It's annoying, mr celebrity over here. No so right out of the gates, we had this spike up from low or high 15s up into the 18s, which i did catch a little piece of this move, but there wasn't a very clean entry spot. In my opinion, very small share size.
I think from here uh sold most into this pop and then, unfortunately i was at the gym during this consolidation period, because if i wasn't, i think i probably would have taken a uh entry right here as we perked back above vwop um. But i got back when neg was right here, so i took my first starter size uh right here in like the 1770s and then as we consolidated. We actually broke high a day and came back down, but as we consolidated above vwop, i re alright, not re-added. I added in the 1790s here up right to 18 for a very nice spike up to almost 20.
I was out most in this. Actually, i was all out in this area re-scalped it right here and sold most in this 1960s. The rest on the downside. So, overall, i think it was a very easy trade and again a very good example of there are opportunities.
It simply comes down to identifying the setups that work the best in a choppier market and, in my opinion, those are not always the top percent gainers of the day. It's the ones you're keeping an eye on for a few days at a time that are holding up very well like any gg uh locked in about 12 or 13 000 on this trade throughout the day, um and very just good opportunity. One that i knew to use size on kept size small on every other stock i traded and yeah. I'm like i'm very happy with how i traded it today with the size i used the spots i got in the spots.
I exited that's another big thing too. During a choppier market, this was a great multi-day setup, but it also couldn't break out over 20 because it's just we're lacking in volume. Right, like this candle, told everything right here. We had this big rejection candle of the multi-day breakout level on the most volume it traded all day. So it's that it's that understanding that even you know, even though it's a great looking setup in my eyes, it doesn't need to it's not going to run 100. Every time like take those singles in the chop, your market and keep that size small when you're, not even when you are trading the best of the best setups, because right now, the best the best setups still fail. Um and obviously, ideally, your goal is to avoid the the rest everything else to void, but if you're not going to use smaller sizes, you're learning the setups that work best for you in this market um mark, do you have anything to add um just like i Said last time be disciplined for sure and take your profits when they're there, yes mark you traded uh. What did you trade this morning? What ticker was that iqst, yes, that is and mark, did a very good job.
He actually identified the turn level this morning. Wow. You top take to the cell yep yeah um matt, and i were also in this uh, basically for like a dip and rep idea, uh day two of an otc runner - and i don't mark - where did you get in from? Where was your entry um? I think it was. It was right at 6'5, actually beautiful, beautiful entry, whether it was here.
I actually got in right here - um, maybe you got in there. Maybe you got in here, but beautiful beautiful entry, and you were out at like seven four yeah yeah. There was a turn in the level two we had a big seller come in that had not been there during the run up, um and again, another example: otcs are not necessarily the easiest thing to trade right now. There are some opportunities, but you know this is basically more or less just a extension of that first green day from yesterday that had a lot of volume and again you know it had a very nice run yesterday and so mark.
You did a great job in my opinion, i was like really stoked. You saw the turn in the level two here you you top ticked. You did a great job. Can we turkey, turkey um? Can we get? Can we get a? Can we get a round of applause for mark's trade, great trade today? Thank you um and again that, but the reason i wanted to show this because take profits quickly.
Was this the wildest percent gainer no, but 65 cents up to 74 cents? That's a beautiful trade! It's a beautiful single again. Those are the opportunities that are possible in this market. Did this go to 1.50 today? No, but in time the market will like really heat up again, i'm sure for a few weeks, hopefully um sometime in the winter, where we can go bigger, use, bigger size, be a little not to sound weird but like a little less disciplined where a lot of Things just run: you can be a little more chastey you can be. You know, i would even say the discipline just from the size aspect.
If you want to size up a little bit, that's going to be your time to do it, but right now take those singles, keep that size, small and know when you know no, no, don't get so greedy. That you're, like this, has to be a home run. Trade, it's such a great setup, it has to be a home run; no, it doesn't um and that's basically, all i've got for you guys today. Mark said it best be disciplined, and today's monday yeah i'll see you back here on tuesday for tuesday's small cap recap trading disciplined as ever until then sayonara. This is what i call staffing. Oh beautiful, beautiful everyone give it up for mark monica peace out everyone. 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 goals did a hundred thousand subscribers by the end of the year, but we can't do it without your help.
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I'm on quite a losing streak the last few weeks. Still lots to learn
I mean during a halt?
Do you place orders on a stock during a trade?
Bueatiful trade for Mark Monaco
Awesome job catching that big seller on the Level 2! You're on your way to becoming a Level 2 master like Matt!
Always learning…thank you STT
Da booooys