The market isn't wildly hot, but the SPY is rebounding strongly and there are some movers. Bryce breaks down his trades on RIVN, DWAC, and offers his thoughts on what we could potentially see from the market in the next couple of weeks. Tune in!
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I was trying to crack my knuckles to the beat it didn't completely work, although i don't know if you could hear my elbows, i love cracking my elbows uh, oh man. I just want to crack my toes too, but i will not disgust you guys by taking my shoes off and doing that on camera. Don't worry uh, it's been a while uh over over a week. Um.

I don't know if matt uh did one. While i was gone, but i was mad and i were in colorado last week, i actually left on thursday the week before uh drove down up there, whatever direction. That is, i trade stocks. I don't do maps um and we just kind of went to hang out for the hang out for the um for the week and you know, go in the snow vacation a little bit.

Marco is a little bit slower uh, but and it's still not necessarily wildly hot, but there are some good movers as we'll get over to in a second, but i'm happy to be back happy back in austin a little. It's actually not that much warmer. Here it's been kind of chilly here lately so um you know i i guess it's not snowing. So that's probably a positive anyways um market overall market.

Let's look at the spy real quick. This is the daily chart, we're quite strongly rebounding. I think this is going to be a very difficult low to break for a while that 420 low, especially with all that volume that really big, huge wick and recovery. I mean what a wild recovery right open down like really bad and went all the way down to 420 and ended the day at high is like 440.

I get 20 point bounce intraday consolidated now breaking out of that range, i'm i would not be in in the slightest surprise to see uh all-time highs break in the next few weeks and generally, when the market bottoms the overall market, bottoms kind of when the small Cab market finds excuse me, find some bounces get some movement going so fingers crossed that will lead to some momentum, um two main trades today i did take some others, but these were kind of the ones i was happiest with uh rivn uh. I got short here. I'm practicing my shorting on uh, you know like larger cap stocks, bounce backside, bounces and uh. You know daily.

This was on the bounce, so we had this fake trend break. I actually started in short here at like 70 70. um at this trend line, and then once we got the con confirmed fail. I was able to essentially move my risk to this top, since, in my opinion, it was just like the break of that uh downtrend.

It should have broken out to the upside. If that was going to work, i would have been very comfortable risking here, a little double top here as well. Um added in i think i had a 70 20 average after adding through here and then on. This breakdown of support - and i covered into this very quick dollar a share move that i was happy with again.

It was a very predictable move. I do need to definitely work on my exit indicators a little bit better. I i felt very comfortable with the entry spot there, but exits. It needs some work, um and i'll get there, because, obviously i went down another basically two dollars a share from where i exited, which would have been a pretty cool trade.
But actually i guess, oh, it went down even more than that, but um in terms of even just like just to hear you know what i mean it would have been nice to be able to get in then or say and have now be able to risk. This top, which it didn't even break to the end of the day anyway, a lot of work to be done, but it was kind of fun to short dewock number two. Unfortunately, i missed this move, which would have been the very easy one for me. This spot now it did have news, but i've noticed a lot of times news uh press releases that come out.

Midday generally do tend to line up with intraday patterns, which this did had that spike um i scalped from here from about 70 uh. It was 77.05. I got in i scalped that up to 78. um, i actually ended up buying a yolo option like right here, uh and didn't even all of a sudden.

I, like looked back at my at my uh computer. I was like, oh my god. Why am i up? 100, on an out of the money, monthly yolo option like it's way out of the money very deep out of the money. I think my strike price is 100 and expires like february end of february and i'm up 100 on it intraday.

So i was like okay. What's going on and next thing, i look it's up here and once i saw this consolidation, i kind of knew that i needed to be stalking it for the high day break. This reminded me a lot and still does remind me a lot of um the daily anyway, i should say reminds me a lot of the game stop bounce, but this this was a very important level. 83 is a very key level of resistance from when it ran over 90 and now that we are back at these levels um.

I think this is a very this. This has potential to be quite a wild runner even after hours it's trying to uh go here. I would not be surprised to see over 100 in a day or two um. I did uh take quite a bit of size through 82 50s somewhere in this area, 82 30s 82 40s um sold accidentally sold more than half my shares at 8440..

I meant to only sell a tiny bit and actually, thankfully, i sold more than i did um now, i'm swinging the remainder of my shares and my yolo options. Um, so yeah we're gon na see. I like the daily setup a lot. I would love a little bit more consolidation, but i would not be surprised to see this just gap so we'll see what happens right now, i'm just risking this.

I'm! Actually i've been watching it. Risking this 80 60 low, we'll see what happens and go from there. I, like the setup - hopefully we can get a nice gap up tomorrow and push out of the gates for some continuation would love to see a break. I think if we break 91, i think we probably get 100 tests, but you know a lot of a lot of different factors.

A lot of variables that come into play so for now i'm just going to stay patient, monitor the trade in the meantime and go from there. So hopefully you guys traded well, i i know last week was a bit slower. I didn't do much trading while i was on vacation. I took a couple trades, and so i hope you guys trained it safe.
I hope you stayed safe, i hope you're trading well, there definitely are opportunities a little on the choppier side like i'm not going to say, the market is very clean right now, but there are opportunities, so just stand your hands until the right ones present themselves and Go from there i think. That's all i got um. We got ta get monaco back in here, he's literally in our trading office, but he's on it he's on a meeting. So i get it.

I get it, but we got ta get him back in here. I'm getting really tired now i wasn't that tired. Now it's just all hitting me. I need my midday nap, so i'm gon na head out of here guys uh.

Thank you for tuning in to small cap recap good to have you back guys, be sure. I know you haven't heard this in a while, be sure to like comment subscribe and turn on those post notifications so that when we drop our small cap recap episodes you're listening you're right there. You know, you know what happened today. Anyways! That's all you got for today guys.

Thank you so much for tuning in see you here, hopefully, tomorrow sayonara. 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.


By Stock Chat

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2 thoughts on “Small cap recap: $4k bryce shorts rivn stock”
  1. Avataaar/Circle Created with python_avatars Cormac Trades Stocks says:

    Wheres the Rubik's cube Bryce?

  2. Avataaar/Circle Created with python_avatars David Miller says:

    <totally agree with what you are saying. I started in crypto in August 2017, and I bought in. I was up 5x by December only to watch that disappear quickly and then watch the original investment go down by about 85% during the ensuing 4 year bear market. I took the opportunity to accumulate more over the last 4 years which was hard to do and at the same time a smart thing to do. I wish I had bought more. I am in profit for now but I am planning on using my experience and what i have learnt from Louis Chung I have learned from you and other Youtubrs especially my mentor Louis Chung who taught me how to make trade and increase my crypto from 11 to 27btc that no one really knows what is going to happen in the market …

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