Oh get it matt, oh wait a minute who is this uh? This is mark monaco, i'm matt's little brother for everyone who doesn't know me yeah cheer it on. Thank you, everybody. We always waved the audience after the clap. Thank you guys what is matt doing um.

I think he's in a meeting saying, i think, he's being a bum in a meeting right now, yeah he's being a bum in a meeting two days in a row and guess what i'm not even gon na, be here tomorrow and matt couldn't come on for the Last time i was gon na be here for the week. Are you kidding me so i took the next actually the better option. I was gon na say next best, but mark's actually been that's matt's been slacking lately, guys, sykes is getting all mad at him for not he's being lazy and now he's being lazy and in the doing the recap and guys it's just it's crazy. It's great.

It is crazy, it is crazy, so guys i brought mark on for two reasons, one because i didn't want to do this alone. Again, i was getting kind of bored. I, like i'm, a social guy. I like to be social.

I like to um, have people around, but two mark is actually learning how to trade right now, so i figured it'd be kind of cool to bring out a newer trader. A lot of our people in small cap rockets are newer. Trying to work on becoming consistent and mark is going through those same growing pains. Those same struggles got a small account now he's getting like watch and learn what we're doing.

But it's the same, i mean he he sees the plays. We take in small cap rockets and he'll. Ask us why we took it and most of the time we'll be like well check. I just i literally just answered that question you already, though, he's learning he's doing a good job, keeping size small, but we've got some cool questions from people in small cap rockets, for you know me to go and talk to a newer trader like mark and some Questions specific from mark, but uh actually we'll do that.

First, we'll do that first, but actually, let's dig in some charts quick, because that way, if you want to keep watching for an extended segment, you'll get to see that so without that or without further ado, let's head over to the charts um starting off with that's Really really clearly organic and natural action today looked uh mark. Does this look normal to a new trader um this lows to highs like that? No, no, it does not no yeah. This is weird, so obviously you could kind of argue. It was like a first green day, type of play, but generally first green day plays, and this is a good lesson mark multiple red days, multiple red days in a row or normally what leads to that first green day now.

This was one really big red day, but it's a pump and dump so i wouldn't have expected it to bounce today, especially after going from new lows on the day straight up, three dollars a share and then it dumped again and recovered in his eyes after hours. Again, not natural action. This is a pump and dump so they're really sketchy to hold on to um. I personally don't even really like playing them at all, as i've mentioned before i'm gon na i'll keep mentioning, i guess um.

Do you have any input on dats um no to the to the moon, bro! It's going to the moon! It's going to 50.! Oh okay! Gwh was another one. I was looking at this for a third day surge today out of the gates um. Unfortunately, it didn't really do a whole lot. It got a quick spike out of the gates which i did play um right through here.

I took 3 000 shares in 931 average. I think i was hoping for a push like 21 22 before getting some real resistance, but they were just hidden sellers out the wazoo up in the 80s and 90s once i saw that i was like yeah probably got out, so i got 2 000 here get Out the other thousand on this candle uh made about a thousand, maybe 1200, so that was actually my best trade of the day. I personally ended the day up uh 1500 today, which again good consistent, it's a slow, no yeah. It is a slower market.

I was actually talking to roland about this today and you know: roland's been through a lot of markets, he's been trading since 2016. I think - and he said this is i wanted to know you know. Is this a slower market besides the pump and dumps not a whole lot of volatility mark, i'm sure you've seen the um, the slower action we've had yeah for sure i i didn't even take a trade today, actually yeah! No, and now this is a good question for you for me: do you feel like it's better to learn in a slower market like to start really learning or in a hotter market? Honestly, i mean i haven't gotten the benefit of trading in a hot market, but personally i think it's probably better to have the slower market. You go through the struggles easier, it's not like when you're in a hot market you can get lucky or you can.

You know things are busting out there, so you get that beginner's luck under you, you get under or overconfident, and then it can come back to bite you in slower markets, a hundred percent. I know a lot of traders um, who got really wildly successful in the in the hot market, but had never traded a slow market before and have lost a lot of their profits because they don't know how to adapt. They don't know how to size down, and now like this is forcing you like you understand again, you have a small account but you're taking very reasonable size on trades, like you're, not going for these home runs you're just going for the nice easy single trades, um And you learn pretty quick, because a lot of these stocks fail, like you, learn how to cut your loss. Yeah right, like you know that, if you keep just holding onto it's, probably gon na keep going down it's a really good way.

I personally think it's better to start off learning in a slower market and then get the benefit of the hot market, where you're able to exponentially size up exponentially, increase your profits, because you learn all the right lessons and that's what we're seeing now again this this Gwh this was an ipo, but you know in a hot market. This would have ran. This probably would have broken out honestly, probably would have broken out to uh through 30., but because we're in a slower market, not as many buyers unless it's on the pumps uh. It's it's sketchy and we're going to see that again with grvi.

We had this really nice gapper and that's why i'm not going to say this is a massively slow market like there are gappers and they do move. But this was a really really difficult trade. Even out of the gates, right, like sure it went up in the nines, but not before, not without getting massively rejected and stuffing around view. Op and looking like it was going to die um and then, after it just kind of consolidated all day.

I actually did take a trade on it over in here cut literally at like 803 before this dump, because it was a level two thing big sellers stepped in uh right in here when it should have recovered because every other time it's dipped, it's instantly recovered. Here. It dipped, and not only did it not instantly recover, it didn't even try to recover it just hovered here and as soon as that happened, i knew i was like this is not something i want to get stuck in sure enough that same minute or a minute After it halted down really nice for shorts um, it seems like shorts can just blindly short the top percent gainer and they're gon na end up in the money. Yeah, it's tough, but that's again, good lessons in a slower market uh.

This is just you're all good. The me and mark are playing footsies um, no um. This is a good lesson in the solar market. Don't hold and hope have a very tight or not a very tight, but respect your risk level, no matter what? Even if you had this your stop here on, like 780, you probably would have gotten slippage, because this was just a massive sell candle, but that's okay, then, was a really cool one shout out to papa and small cab rockets who swing this from yesterday has uplifting News they're going to be uplifted to the nasdaq on october 20th.

This is an otc. This is a former runner really wild former runner actually coming down from, like literally five cents, ran up to over nine dollars, and it's now consolidating quite well. This definitely has some potential today. It didn't do a whole lot, just had the gap and held the gap, so this will be interesting to watch in the next few few days, the next week or so, especially to see how it reacts to actually getting uplifted onto the nasdaq.

Would not surprise me that uplifting news is normally pretty good, so wouldn't surprise me for this to have a run. I wouldn't surprise me at this point to break out. I actually remember. I got in a twitter fight with someone about this stock me and matt.

Both did, he came to back me up, but they're like alp is gon na, be the next. It's running it's running past this. Now again, this was when it was at like a dollar. He was tweeting.

He was like this is going to 20. and we we both responded with, like the remind me tweet, where it'll remind you - and i think we did six months six months later was still around four dollars or, like oh, my god, he was right, um and again, Like i said, this was consolidating for long enough up here now with that uplifting news in the next month. Two months wouldn't surprise me to see a breakout, but i wouldn't buy it here either. Looking for the breakout, because you got ta risk two dollars, it's almost at five like that risk reward, doesn't seem worth it to me personally um, but pretty cool potential.

Definitely something to keep on watch over the next week or so see how reacts to the actually uplifting to the nasdaq. Then we have mark brought up lucid uh. This is an interesting one. Actually, because this was let's go like a three-year.

Does that do anything? Oh, no, it's like uh! Oh, is this an ipo smack or whatever um? This is like a ev company right. Lucid. Do you know? I actually don't know that one i feel like it's an ev company. Um was really interesting, so this was all the all the hype it had.

This massive gap down, i think on earnings. It didn't matter it like it's, it tested highs um. Now i had this little first green day type of bounce, even though this would have been the first green day. Um actually really didn't have that much volume just a nice bounce day today.

This is definitely interesting because i believe lucid was getting a lot of wall street bet hype back when it was a spec or something like that um. This could be especially if the energy ev sector heats up would not surprise me to see this become another pump. Once again um, but that's what we've got for charts today again it was pretty slow. Today, uh gwh was my main winner.

I did scalp a little bit of hx today, at the very end of the day, once a algo kind of stepped up. This reminds me a lot of moxie from its early days. Uh, let's go to a one day. Yes right here, a massive bidder just stepped up, so i just followed him along scalped it to here then bought it again here, scalped it up to here for like, i think it was actually 500 in my day, so gwh was a thousand of it, and this Was 500 so ended up working out pretty well, but again, just taking the easy, consistent gains where they are scalping just about everything.

This is going to be a top watch for you tomorrow for a potential third day surge. Because again it's holding up. Excuse me, while this is definitely overextended uh, it's holding up near highs and i'll be watching it for that trend break tomorrow. I wouldn't be surprised to see this run past five fingers crossed.

We have a good play tomorrow, who knows, but i'm actually taking off early heading back to new york. I leave at 2 p.m, which means i need to be at the airport at like 12 p.m, which means i need to leave the office. I actually might not. Even come into the office tomorrow, because that then i have to get my car back home and worry about all that.

So hopefully this can be a play before i have to leave. If it's going to be a play, if it's going to hold up um but other than that, i don't see a whole lot, i'm still watching sgoc from yesterday. That's definitely a watch of mine, um and jspr another one that held up decently. Well, given its run now, let's get into some questions for mark the newer trader who's trying to learn to be a little consistent uh.

We had a pretty cool question, a couple pretty cool ones, but we'll start off with the first one was: what is your biggest fear in trading, and i want you guys. Let me know in the comments down below too: it's probably gon na be a very similar answer, but mark is a new trader. What's your biggest fear and i'm gon na add on how are you like? How are you gon na try to overcome that fear in the future? Um, probably my biggest fear and that more because i have a smaller account was honestly just like losing my account, so losing money obviously, is probably my biggest fear and the way i go about trying to avoid that is number one. Cutting my losses quickly and sticking sticking to the rules and being disciplined is definitely a huge thing and then also taking smaller sizes.

You don't want to be putting your whole account into one trade it might. It might only be a couple hundred shares, even like even less than 100 shares. It doesn't matter, don't put your full account in it's just a recipe for disaster yeah. I know for sure, and so a follow-up to that, because you do have that fear of losing.

That also means like if you're taking smaller size, your gains aren't going to be huge. Do you like kind of understand and accept that and you're more trying to work about like learning the process and not going for these massive account changing gains like is that kind of your goal right now? Oh definitely, definitely this the i. Obviously, it's going to be smaller gains, but in a slower market. My my kind of goal right now is to build my account up as as big as i can get it and preparation for a hot market.

Is that way i can expand it even more. So that's that's the way i'm going about it. I don't. I don't see small gains as like a disencouraging thing.

It's honestly encouraging knowing that down the road, it's gon na be much more beneficial to take these 20 games and go for home runs. I love it. I love it and that's what i tell everyone in small cap rockets even on twitter, do if you're newer, if you have a smaller account, if you're not over the pdt, the goal isn't to make millions of dollars not to make hundreds of thousands it's to gain. That consistency, because when the market heats up, you can start sizing up.

You can start risking a little bit more of your account knowing that your win percentage is going to increase, and not only is your win percentage. Gon na increase those moves. You're gon na be bigger, you're you're, going to be getting more than one times your or uh like two or three times your risk. You're gon na have trades that you get five or ten you're gon na hold for longer.

That's when your account can exponentially grow and if you have money to put in from outside of it, a hotter market is a good time to do it right now. Keep that account small learn the lessons with small losses. Small gains, build that knowledge up um. This is a question not for mark, but for me and we'll go over here.

How much time should you give a strategy to master before deciding that it's not working because for new traders you don't have much data to rely on. Actually, this could kind of be a market question too. Do you have a strategy you're working on right now, like what's your main set up your main pattern that you're trying to learn better um, pretty much just breakouts right now, breakouts and bounces um yeah? That's that's! What i've been focusing on most, i definitely haven't mastered it. So there's more work to put in, but that's i i can't answer the yeah.

No for sure. Second part of that question now to to preface that too - and i totally forgot, how long have you been trading for how long have you been trying to learn like getting into the market um? I was introduced to this like a couple years ago, but i really started to get serious and i'd say, probably july, so i don't have too much experience under my belt, but bryce over here is answering my questions at 30 seconds a day, so yeah yeah. No, that is true, um and so to the i guess it was ended up being the first part of that question. How much time should you give a strategy to master before deciding that it's not working? This is a tough question, because they're finding a strategy isn't the hard part.

There are plenty of profitable strategies. It's how you trade them, because you know very. I know - and this is something i talk about a lot in small cap rockets in the steady trade team as well. There are, there are setups and then there are patterns and a pattern isn't always a setup.

A setup is something like a first green day, um a multi-day breakout because there are different types of breakouts. There are different types of bounces and so that's i know we've talked about this before too. It's probably just like it's probably like deja vu, but it's finding very specific setups, because when you just say, breakouts and a lot of breakout is like kind of the general theme then start saying: okay. Well, what kind of breakout is it for me? I trade breakouts, but i'm not buying the all-time high breakout, i'm buying consolidation breakouts in anticipation of it.

So first you need to kind of decide what type of breakouts am i playing what type of bounces i personally the bounces for bounce. I love first green days. They normally work really. Well you always you have that edge.

Then it's finding the intraday patterns where your entry spot is and then starting to work on determining exits and for me, if you can determine the right entry, the exit's pretty easy, because you know how much you're risking you know what you should be going for and Then you kind of decide: is this worth it to me for me to take this trade? If i have a really wide risk, is it reasonable to assume that it will go two to three times what i'm risking um and so that's why i have a hard time buying those high day breakouts, because only your risk is going to be quite far down. Let's say: you're risking 50 60 cents. Is it really going to go up a dollar eighty from the high day break, probably not um, but why i was saying all that is because you know the strategies that are profitable. It becomes finding the right entry spots on those that it's gon na be slightly different for everybody, and so to that i would say you really need a couple hundred trades to know.

All right is this: working in the best way to do that. Bringing this full circle is using small size. If you have a cash account use small size, so you can take a lot of trades throughout the day with maybe 10 20 30 shares you're not going for the money you're going for the data. You start tracking.

That data is this working for me. Where am i and then, if it's not working, why isn't it working because we know breakouts and bounce plays and those first green day plays? They do work it's? Why isn't it working for me? And i think you really do need a couple hundred trades over your belt to see. Where is when i'm winning? What are the best entry spots? Why am i? Why am i winning and then why am i losing on trades when it doesn't work? That's how i would ask that's how i would answer that and i think the last question we got here, um ask mark if he's ever tried to use the i'm your brother and your loaded card just buy me some stocks and do your magic and make me Money trust me: i've tried it multiple times, yeah, it's crazy too, because, like my family and friends, think i'm like, because i i i don't know it's it's tough when i'm around traders all the time and most people that i'm friends with actually are not traders, so They're just like can i can i just give you my money and then you can trade it for me, i'm like well one. That's like illegal, i'm, not a hedge fund um and two.

No, it's just like it's. You know if you actually want to learn how to trade. It is really good to do like the steps that mark's taking. I know, you're everyone's, like oh mark's, got an unfair advantage, but like it's, it really.

People think that, like by just sitting next to me or matt or any trader they're, just all of a sudden gon na get it and the fact of the matter is, and that's it really is no different than being in our chat room like you see why We're trading what we trade! We answer those questions, but at the end of the day, it's on you to make the changes that realistically are going to make you a profitable trader. It's going through that journaling it's going through that data gathering it's going through! Actually, taking the trades with small size managing your risk, you can have literally, you can have as many conversations with us as you want, and it's going to come down to you we're just trying to help you like speed up your learning curve a little bit. That's our goal, um and that's that's really what it comes down to. So i know that didn't really have much to do with the question there, but it doesn't work by the way i've seen it.

I've seen it happen firsthand. I think that's all. We've got for questions there. People are, i guess, they're having a conversation about people's computers in here and uh, their their ram and their processor.

We have fun conversations after hours in small cap rockets, folks um, but mark do you have any do you have any question that you can think of for me right now that might um benefit any viewer like as a new trader like what's one question, something like You're trying to work on right now, um. I guess i guess one question i have is when you feel like you're, doing everything right you're following you're, following the rules being disciplined but you're still losing. What do you do? Do you take? Do you just step away from trading? Take a mental break like get some peace of mind, or do you try something, or do you just try a different pattern? What's? What's my, i guess my question is what is the best way to bounce back from a slump? That's a great that's actually a really great question, because this is going to happen more for newer traders than it does now. That's and not to say that, like experience vet, i'm not going to call myself nick a veteran trader, but i'm a consistently profitable trader.

And i have gone through slumps. I know traders who are far better than me that go through slumps and the fact of the matter is: if you've been trading a pattern, that's been or set up a pattern. Whatever that's been working for years, there's a reason for that. It consistently works, but you're not trading it correctly.

The market changes you do have to adapt um. For me, i obviously had quite a drawdown in september, something bigger than i was used to um and the way i got out of that was realizing that i'm not i'm not out of it, but i'm i'm back in the group and i'm back consistently green throughout The month and the way i did, that was really by taking a step back and seeing what was i doing wrong. First of all, i knew - and this is going to be common for almost any trader, who does have a setup? That's working for them, so i know as a maybe as a brand new trader. You don't have that setup, that's consistently working yet, but the same advice the same like way to not advice.

The same way to tackle it applies. It's you have to step back and like really journal your your trades like. Where am i going wrong? What am i doing right and it that should make it very very apparent like this is what i'm making a mistake on every time. This is what i'm doing right every time.

The simple answer is to cut out the what you're doing wrong that works over time. That's what helped me first gain consistency, but then you also need to say clearly i'm being emotional, and why is that? Because if you're consistently losing on a consistently profitable setup, excuse me, i see you, thank you um! You got to ask yourself. Why am i losing on this? It probably is going to come down to your being too emotional you're using too big a size. So for me i did actually step away a little bit.

I took more time away from the market, and on top of that, i sized down, because that has allowed me to like be very rational. I was risking about a thousand dollars of trade. Now i'm risking 250 to trade, and that has really allowed me to say: okay wow, i was just - i was using too much size for the market, condition we're not having a lot of follow-through in the market where the breakouts are not working well. So what i'll do then on top of sizing down, is adapt to that and say well, the breakout might not be working so i'll, sell into the breakout or sell right after the breakout give it some time um and you.

So it's a mix of all those journaling sizing down working on handling your emotions and then adapting to that strategy, because the strategy just because first green days, work they're to work better in a hotter market, they're going to continue more in a slower market. You're going to get a quick pop, and that might be it so learn to sell a little bit into the pop and then keep a couple shares if you want to try to ride it higher that way. If you lose on those last couple of shares, you're not going to lose a whole lot, um and obviously the same always stays true manage your risk. Like always make sure that should be first priority honestly, is make sure you're managing your risk.

If you're going through a slump, maybe you're just not managing your risk well enough, but that's how i would say: go through that process journal find what you're doing wrong find, what you're doing right size down work on handling your emotions better and seeing why you're being Emotional and then adapt to the mario understand when breakouts aren't working well understand when bounces aren't working well and maybe not completely go away from that, maybe not completely change the type of setup you're trying to play adapt to it. The way it's working right now, i'm having like my my green days now, are like a thousand fifteen hundred two thousand dollars in a hotter market. Not only am i using bigger size, but i'm going for bigger moves, so it's like the setup still works just to a lesser extent. Does that make sense, yeah yeah and i hope that helps all of you guys.

I know we're running long on the show here, but can we get a live audience, clap for mark being on the show? Thank you everybody. Thank you. Thank you, um guys, andrew andrew, we haven't had you talk yet today. What do the people need to do? Yeah guys uh just like subscribe below uh comment.

You know any questions you have for matt or bryce; no, no actually mark and bruh yeah. Sorry about that right, uh and uh yeah uh. Our goal is a hundred thousand by by the end this year and so um yeah just subscribe and hey guys, don't forget to turn on post notifications. If you haven't, we release these every day.

So if you want to be up to date, get the quick i mean, i gave you a few stocks to watch too right like turn on those post notifications, so you know exactly when these are posted and guys. I think that's all we've got today mark. Do you have any last words for the viewers back home? It can be anything normally. I close it out with some song lyrics, but um.

No, i actually have nothing for you nothing today. Oh man, okay, what's um, okay, as the late great big, moochie grape once said, all right guys. That is all for this thursday. I will not see you tomorrow, but again.

Oh last thing guys on twitter. We're gon na have a poll for cocktail friday, be sure to vote for literally the most heavily intoxicated version of alcohol that matt can drink to get him really messed up on the show, because yes, please, yes, yes, please, because he he deserves some pain and torture. For not being here on wednesday or thursday vote, it's on our twitter poll is it gon na? When is it coming out andrew uh yeah, it's gon na be coming out at 5, 00 pm, uh eastern saturn time perfect, actually, 5 pm our time, so central still be 6 p.m. Eastern, yes, perfect vote, go ahead and vote make sure matt gets really messed up on the show tomorrow for punishment for not being on the show wednesday or thursday anyway, guys have a happy thursday.

I won't see you back here till tuesday, but and mark might. If you guys, like mark, maybe maybe i'll, join tomorrow, yeah maxine, matt and mark we'll see matt matt's sticky with those things yeah. I know he is um. Anyways guys have a good thursday, see you matt, we'll see you tomorrow and until then, trade, safe trade discipline and respect your risk have a good one, some dance with martini.

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 get 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.

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