Yeehaw baby howdy partners welcome to small cap recap: i'm going to try to like stay positive today. If you're reading this thumbnail you'll know why i'm not in a great mood, i am most of today's loss. Um, i'm just well. He put the team on his back once again.

I did it last time too carrying the team. So we'll start it off just get out of the way and then learn some lessons here. Yeah, oh yeah, what happened uh over traded oversized, and i i every day i say this - i'm gon na be a little more scalpy. I'm gon na take my profits into strength like i used to do.

I mean that is that's why i had a 200 000 july like because i just scalped everything and it worked and it's it works less now, but because there's less moving. But there wasn't a whole lot moving then, but it was slow. Today was slow yeah and it's just the three times i was in we'll get into this i'm down 11k. Today, first, ever intraday five figure red day.

Do you want to org boom yeah thanks, like the tick tock achievement, yeah? No, it kind of feels like an achievement just well. It was red today also um, only about 1300, but it's a lot more disappointing because of a trade i was in over the weekend. Tggi. If you watched friday's episode, you know i was up about 7 000 going into the weekend and didn't like it just didn't work, so i ended up giving all that back.

Didn't lose any money on it but like it still feels like a loss. So that's tough. Um plus crypto, which we'll talk about yeah that was wild. If yeah, if you're in the crypto space, we'll pull up the charts too, you can start us off with uh here uh here.

I i sized up pretty big on this for a good reason. I think um look at the daily chart here, clean breakout, so on friday it had broken out uh and not on a lot of volume, though. But then, when it gapped up, i just figured shorts are absolutely railed and i was right well actually not right. To start, but i had, i think, 15 000 shares there sold under support and as soon as it reclaimed nine, which is where vue op was.

I re-entered with 30 000 shares. Um just seemed like a false breakdown, and i was up. I don't know what's that like 15k, no more than that, because i had that peak you're, probably almost 20. yeah and i hadn't so i didn't sell any so yeah yeah.

I was up yeah a little over twenty thousand dollars, uh unrealized and was too greedy to sell sold on the red on the on that panic right around that drop right there for like nine grand, but i had lost about six grand on that drop. So i was only and i swung lclp i think it was sold that for like a fifteen hundred dollar loss and then tiggy for a thousand dollar loss. So i was up five hundred dollars after that sell um re-entered right. There uh yeah, oh yeah, good entry, and then i added right now a little bit right above there right above there and then panic sold for break even here yep and then i re-entered one more time keep going up right.

There panic sold for a lot right here right there baby, and then i kept over trading it we're being a bit greedy here, oh extremely greedy. Well - and it's tough though, because i just was a choppy chart, don't get me wrong. Well, then, the daily chart was really nice, and so i just figured that the false breakdown we had there again like and it held low a day perfectly. It held the breakout perfectly and i figured once it would break high a day.

It would uh it really rip and then i did i actually sculpted a couple other times. Yeah. There's this. Oh nice, i was gon na, say, there's this wild trend right here and like that's, how i kept playing it and the problem is.

I is so uh, not the second time it faked out the third time it faked out. No, the breakout up there. I re-entered there with full size. That was that was what led to the loss and i sold as that trend broke right there.

So i took i think on that, because i looked up until that trade right there for the 120 000 shares of the stock i had traded. I only i made 60 dollars. I was green, but then after there i lost 6k uh after the third failed breakout. So i mean it is, you know i hate to say it is what it is i oversized over traded.

Normally, i have a three strikes. I'm out roll um, and even though i made i kept telling myself oh, i made 60 so far on it, but the problem is, i was playing with size that and it's this has been all day. It was a chart that you couldn't change, yeah, that's over a million dollars. You trade, like one point, two one point three million dollars on this: oh okay, so i only lost one percent.

Unless you put in perspective, that's crazy, you've traded over a million dollars for this stock. Today, yeah, let's check the dollar volume. How much i mean how much daily volume did you trade, because i i traded uh 20 21. and no? But i so by the time i was done, i think i've traded 220 000 shares so 120.

Thousands, i traded one percent of today's volume. I think half percent, no, no, no! No, that was that was before my other trades. That was how many trades did you take after that i took over two hundred thousand dollars worth of 200 000 shares yeah. So, okay, i traded one percent of today's volume on a liquid stock.

I mean it was 24 million shares, traded or 21 million that's well. It was just such a nice day: 200. 000. It's almost 2 million yeah, that's worth it yeah! Oh the market cap today well here, but again go back to the daily chart.

Again this you traded. One percent of the total outstanding shares. I did. I did you're crazy, the daily chart, i mean again, i it was it wasn't all at once.

I didn't have that, but the breakout was clean. It was a nice-looking shirt. It was just. I really figured today would be a short squeeze on it.

It was very similar to sprt too it had the same kind of setup there, so i was ideally hoping for the afternoon short squeeze that just never came if it gaps up it's doing it tomorrow, yeah, i would god hold on. No don't say that to me. It probably is i've seen this before, though, when it fails the first day of the breakout, and then you just get a little gap up, i know. Well, that's i thought that's what i was doing today, like let's say, gaps up to like 975.

No i've seen that i've seen that pattern too, and i thought that's exactly what today was pre-market. That's really what i thought it was it's tough because it failed to break out friday and then gapped again through yesterday's highs. That's just i. I simply did have too much size.

I was going for a home run in terms of money like the trade i had, i traded that with five thousand shares probably would have traded the same way. Well going for home runs. Is it's just tough? It is a tough game and it's it's even harder in the summer. You know i share a birthday with babe ruth, so i'd like to think that maybe you're reincarnated i'm, i could be the reincarnated babe ruth.

They call me the babe ruth of stocks to trade. Now, you're the stock squire. I also am the stock squire of stocks trade not officially yet, but i'm working on it all right, i'll jump over we'll talk about tiggy tggi um, this one kind of just like ruined my mentality for the whole day after uh. It closed.

Oh, that's good two days, close, really strong was very confident and let it swing and just no gap up, and that is the worst thing because then you just have to sell. You have to sell, but not only you, everyone is selling yeah and it just got clobbered. I tried to sell some on the way down, didn't want to chase the weakness, so i actually got out um. I think my he didn't.

He called their bluff. Well, i felt like it was crazy. Overdone like that is insane yeah. That's, i think, a wild drop.

I ended up getting most out in the six seven six eight here, which i had a very good average. Thankfully, at six six, so i ended up locking like 750 bucks in here um and then mtrt. I had a nice trade on which i should have just ended my day on after this one. But then i got see it's crazy.

These breakouts, like they're, breaking out they're, just not they're, continuing such a short short period of time, yeah, exactly very clean five dollar break here, um over the whole dollar uh and i wrote it sold into the six and then i bought it back here i was Like oh we're breaking out like i was like bryce. This is one that might go to 10, which, like a different market, it probably would have gone to 10.. I'm surprised it didn't like at least try to go for like 750.. Today it just wasn't the day.

Literally the moment it got over having some wi-fi issues, but the moment it got to 10 or high a day. It just got clobbered yeah and then didn't happen. Tiggy ended up recovering and that's such a shame like if it just would have gapped up to like seven seven. It probably would have done that in the morning.

So whoever's manipulating this you suck at your job, yeah or or they just soaked a bunch of shares. Cheap and did a really good job at it. No, but clearly they had to dump it. Though oh yeah, i don't know, i think this chart we might trade again, but it's just it's gotten choppy um, the other one.

Today i like is gon na, probably be my top watch. Tomorrow's ilus did you swing here now? No because i was scarred by tiggy yeah, i don't blame you and i was like because, like otc's, oh, no we're just having wi-fi issues yeah, what a shame anyways! This one closed at high day, but otcs move as like sectors. They move together, so yeah and one otc gaps. Everyone realizes otcs are gap and they they want to start trading them.

So when tiggy just didn't gap and ilus did or close strong like if this gaps, it might change my mind, i mean there's a trade on it, either way: yeah there's a trade on it, so i'll be watching. It's probably my top watch tomorrow, but kind of a lame day. I just got frustrated with tiggy yeah. Oh i held on to it too long.

That was my mistake. Is it oh and then crypto let's go over to talk about crypto? I almost forgot. This is insane uh for anyone. Just look at this.

This is a 15-minute chart here. I consistently buy the tops of crypto right so date. Did you buy the sixth? No? No, no! I it was a while it was like it was looking gorgeous. Oh my god.

It looked amazing chart the weekly chart, all looked so good, i don't know who sold today what happened today, all the all the people who lost their wallets found their logins and just started selling. This got absolutely clobbered it's holding. Well, i don't know, though, like it's pretty scary. It very well could keep going down yeah, that's pretty wild, there's some data issues on this chart too yeah.

That was how i wasn't. It wasn't loading well for me either. Just the volatility was insane. It doesn't look strong, oh that's.

I mean it was a nice bounce, uh yeah, i'm not that's tough. Who knows it looks pretty similar to the the fake high here, though just saying where it's gon na take a long time. We're scrolling back right here. Yeah 2017..

Oh, how wild would that be bitcoin back down to like it would be wow, i'm just saying it looks pretty similar. Imagine bitcoins consolidates at like 20k for the next two years and just pulled up like a bigger version of it over here yeah. It looks pretty darn similar to me yeah. No, i mean it's a lower high.

I don't want it to be, but i don't either because when bitcoin goes, it just gets a lot of fun. A lot of good trades, yeah, there's a and there's a lot of good there. No well that wasn't! I was kind of surprised there weren't a lot of great bitcoin trades like in the last stock trades, yeah yeah. They really weren't just been overall kind of chompy yeah um just about adjusting.

I was telling that i took a lot of money out of my account today: uh, that's how i'm gon na i, if the money's in my account i'm gon na trade it so my philosophy yeah, like i'm, going to tr it's there. So i took a lot out today: i'm gon na keep i with e-trade, i'm limited to how much i can take out every day. So it's a good problem to have, i guess so, but got to work on sizing that down and getting back to the basics. Remember i say this a lot, but it really is about preserving until the market gets hotter right, yeah so like.

If i can, if i can take smaller losses, that's all that matters. For me, you know, or even just smaller gains, not trying to make it all back. The fact of the matter is even what, like smaller account, that i'm going to be using it's still possible to make 2 500 3 000 good days. Still, i don't remember, i mean i don't remember when the and hopefully this is like you know, i know not.

Everyone has bigger accounts, but you know, even when the market was slower, i'd take a 100k account and still be able to make 10k on it. On a hot day, on a hot day, if everything's running yeah, yeah 10 percent account yeah it's possible for sure just don't trade, one percent of the volume or market cap this guy behind i am, i am closes out to me - um some wisdomless words, some wisdomous Words i was watching friends this morning. I heard something really wisdomous. It was friends, never friends never ask questions because they trust each other.

All right, we'll end on that. One thanks andrew, like subscribe comment tomorrow. Hopefully you enjoyed watching our pain and hopefully you'll learn something from it. So that way, you don't do it yourself, but like subscribe comment, we'll see you tomorrow.

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