Welcome back to small cap recap: everybody uh another day without a laptop, because the market just is boring. Um, let's see today this morning, i actually had to get up like 3 30 this morning to bring my buddy back to the airport, and then i went back to bed and i woke up. I don't know. Like 7 30.

my internet was out. I was like whatever i'm going back to bed, i tried to fix it for, like 10 minutes, couldn't get it fixed, went back to bed woke up and then got it fixed a little bit after the market opened so, and i literally missed nothing. It was so terribly slow. Well, i can't even say that there were opera like ntrb that ran, but like it was very imp, it was just right out of the open it spiked up like two dollars a share and then did nothing the rest of the day.

I had a couple end of day: spikes but they're they're kind of tough. They were choppier and then hudi was like the latest pump and dump drop. If you saw dogs or pets the past few days, hdi dumped and like bounced all the way back and kind of did a whole lot of nothing. That was a sketchy one.

A lot of these ones that are moving are like the sketchiest worst looking stocks. In my opinion, so i'm trying to avoid those like. I want the clean setups. I want the easy setups and right now there are not a lot of clean, easy longs, um and unfortunately i was kind of even too late this morning for any of the shorts that i would have wanted to take today.

So i did a little bit of trading, but hardly hardly a thing. I think i ended the day down like 300 dollars, just because i took took a win to the loss like one more small losses like whatever i'm done with this and most of those were in the afternoon and yeah like it. Just the thing is: i'm really having no conviction to trade with any size um having no conviction on really any longs at all, because there's no follow through and if there's no follow through. Why would i want to use size? You know what i mean, because when the trade doesn't work, i'm not i'm not.

My win rate has drastically decreased on the long side, so i've been doing a lot less of it just continuing to practice short selling, and that's really all i can do for the time being in this market. You know this is not the market to force trades. Um there's a lot of uncertainty with the the spy. You know the s p 500 um, the the overall stock market.

There's a lot of uncertainty. There, uh cryptos kind of you know falling as well it's. This is kind of you know. This is what it feels like to come down off of a really hot market, and we haven't had a hot market to come down.

Uh come down off of, since you know really the last hot hot one was like bitcoin 2017. Some weed runs 2018, but you know this market lasted for oh mid-2020, although i mean because it really started. Some momentum started picking up in like march or april of 2020, but during the a little bit after covet kind of settled down, the spy was done like completely crashing uh and then from there on from like mid 2020 to february 2021 market was wild and then Even throughout like different little spurts of the summer and whatnot, there was a really you know good opportunities, but there have just been so few opportunities where i felt like this is an a plus plus plus setup in the past, like two months really, the last hot Week was thanksgiving, and even that was lower volume moves, so i'm just sitting on my hands as much as possible. Um midday today i went to the gym with matt monaco.

Just you know got our workout in, and that keeps me away from the markets, especially during the middle of the day. The only time of the day that i really even want to be at my computer is in the afternoon just to kind of see what is setting up and that's not normally the case. You know when it's in the hotter market, those gap ups are really important to play and right now they're, just they're tough uh. So in the meantime, i'm just gon na keep really limiting my trading in the mornings uh and focus on the afternoons in case.

Anything is holding up and even then be very cautious and careful in the mornings. The only thing i want to do is look for a short um and you know go from there. It sucks. You know it is what it is, but there's nothing you can do about it other than wait and be prepared and learn during this time and again, that's why i'm learning a little bit more uh about a couple of strategies.

I've been tracking on the short side, and this is a good time to start using them, because they've been the only thing keeping me profitable this month and uh. I think that's all i got for today. Unfortunately, again, no no computer out here today, just kind of giving you an update on that. The overall market and the small cap market is still sketchy, so don't feel afraid to use smaller size, don't be afraid to sit on your hands, don't be afraid to start learning.

New setups learn different setups, the ones that you wanted to learn. Maybe during the hotter market, but during the hotter market of course, like you, might have had a strategy or setup that was working consistently, so don't kind of one of those things you know. Don't uh was it don't fix, don't fix it if it's not broken yeah um and now? Obviously it is broken right. It doesn't work it.

Maybe it doesn't for me anyways. So that's why i'm expanding don't feel afraid to start learning to expand trade paper money um. Take a couple shares like literally one or two shares you know so that the losses don't matter while you're learning it but you're getting that experience you're getting that in track data. You know the drill.

You know the drill uh. That being said, though, it's i'm gon na go home and i'm still tired from waking up so early this morning. So i'm gon na take a nap um and i don't know i might. I might do some journaling tonight just to kind of see.

You know how i've done this week: well, not this week like the this month so far in january with my shorts. What about like what i've learned and really just try to retain that knowledge? So with that being said, i will see you guys back here on well tomorrow, see you guys back here tomorrow and uh, let's fingers crossed, we can come out of this really slow market sometime soon. Until then catch you later guys. We hope you guys enjoyed that.

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