The duo is back in action and adapting accordingly. Bryce took a couple small losses today, but managed to end the trading day green. Matt played it safe with the intentions to not trade at all, and walked away after just one trade.
Catch the chart breakdowns on $MDIA, $GBR, $CRVS, $EEIQ, $NAKD, and $CEI. And don't miss the blast from the past recap from Bryce's trade on $KRTX in 2019.
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#StockMarket #TradingRecap #Stocks
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There's no way, those are yours. These are mine. Are you sure it's not from the girl from this weekend? She leave them in your car, i'm just asking these are mine. I got them as a rant they're a unisex pair from my favorite sunglasses company.

I got him as a random gift. You didn't have to let everyone know about that. What was that a confirmation? It wasn't a confirmation till you made it one. Well, two, he recovers.

I see everyone enjoyed our australian episode, so it was pretty piece of piss. If i had to say so that one had me grinning like a shot box, impressive memory, impressive memory, oh man, we looked up some more quotes after that was over, and our two favorites we've concluded. A piece of piss means good easy. It was easy and grinning like a shot box, means you're, happy that so yeah that that uh, that recap, was a piece of piss and it had a lot of you grinning like a shot five.

Yes, it did. I think the best comment of all and we're gon na need to implement is cocktail fridays. Yes, we did see that, oh, my gosh, i think it's a great idea. Um it'll get.

You would have thought we were on something other than a cocktail on friday, but this time you'll get to see what we're like on a cocktail. We'll maybe do like a cocktail of the week. Yeah give some recommendations. Yeah, let us know, wait me or the people, not the people, yeah yeah, let us know in the comments below, because of course you guys know.

I love vodka red bull and don julio 42.. So if we can make anything with either of well, i guess cocktail falls in the air. I feel like we need a festive drink, anything that you can think of with some tequila we're in texas, like we got ta use, tequila uh mask margarita, oh yeah yeah. Those are good, those are really good.

I've got some in my fridge. I've only had margarita with tequila before, and this was way better, really yeah, all right. Well, yeah guys. Let us know in the comments below the cocktail of the week for this friday and, of course, we're gon na drink it andrew.

Can we get a poll on twitter? Do you think that's do you think we can make that happen? Yeah yeah? We can do that. Yeah just like, or maybe like uh type in on the stories like uh, oh yeah, we can yeah. Now we can yeah we're gon na do all we can do all those we'll just get a bunch of options coming. We can do both the story and the twitter.

You know here's what we do, here's what we do. We pick the best ones from the instagram story and then those will, the top four will make it to the twitter poll. And then you guys vote he's singing with his head today boom baby, that's what you get when you're green uh! Yes, we are green today it is not doom and gloom, i'm still ready, don't call it a comeback! Well, yeah! Don't literally don't call it a comeback! We're still quite a ways away, um, but that's okay. I was up 2 500.

Today i had literally one trade and then just moved on with my life yeah and i sti i'm still struggling a little bit, but i'm doing better. I was also about 2500 green uh. My goal has been not to trade in the afternoon, but today came back and i saw a couple takers i liked and they actually ended up working after i got stopped out, but i told matt i just dropped my wrist down. You know i've been risking about a thousand dollars a trade in the morning and then i was like you know what, if i'm going to trade this and be a degenerate, i'm going to use a quarter size.
So i received 250. Bucks literally took four losses and i'm gon na. Oh, i look at look at this this i i took it here. This was view op broke down, ripped, that's tough, that's tough, and this it's because it was a lower volume.

Consolidation yeah uh gbr was the same thing. Gbr is an energy amex, a scammex stock. This was just tough because the uh i remember when this one went on. It's a monster run back in the day, yeah, and it this didn't have a reason to stop me out of them.

Then it was so illiquid like the spread, would just go like 20 cents, but it would never print down that low and i was like, as soon as i saw the bid get back up. It's like, i need to not be a part of this um anyways yeah. Now, let's, let's go over, let's oh baby, so yeah, so i made like um i've been trying to make sunday's watchlist a lot more detailed for everyone's small cap, like overview of the week of because, typically, like your the best stocks, you see you're gon na see, Like over the course of an entire week, uh not just one day, there's gon na be multiple trades and crvs. I just like totally blanked on forgot, didn't put it on there but great.

This is a great textbook example of a first green day um and why i think it works so well too, because there's a difference like i had three red days, but if you look at how much it held of that run, like that's a huge sign of Strength and when we've been seeing a lot of these first screen day type plays just fail is when they give back like 100 percent, their runs yeah, and this one only. I don't even know what percent, but barely any. It's only like two dollars off highs. So i mean it held most of its gains - maybe 30, maybe maybe exactly so - pull up yeah pull up the intraday uh.

I ended up seeing it right at like seven dollars and like 10 cents on that swipe um. I i can't remember if i saw in small cap rockets, someone mentioned it or i did you might have mentioned it. Someone put on my radar - and i was like oh man like this - is a good chart bought some shares. I think 7 12, like right after that little red candle i bought um and then it just swiped up.

I sold like four minutes later for 2500 and then moved on my day boom good stuff. I was not trying to trade today uh. I had like a very strict plan of stuff. I was looking for, none of it really set up in crvs.

It was just like a spur of the moment. I saw it and i was like this is exactly what i'm looking for. Yeah moved on 100. Well, i'm i actually started off trading.
The dip and grip on emiran here, baked out, broke glow day lost a thousand dollars uh. I think i also took arq for a first green day attempt and that failed. So it was down 500 um, but then i was it's kind of funny. I looked at this a little bit differently than i would like a normal first green day, because when i think of a first green day, i think that is like a bounce trade, but this has breakout potential.

It does so that's why i was. I was actually originally looking at um if we pull up a 15 day. I look. I like looking at multi-day charts, just kind of seeing how it's held up and everything, and so i just saw this really clean.

It opened over this little trend break right here. Um after kind of bottoming out finding that really symmetrical support, and so as soon as i saw that start to as again same way, matt did oh, probably got ta do one minute here i normally take my entries based on the one minute um. As soon as i saw break the seven dollar area, i took five thousand shares selling up into the 750s for about a 2500 win. That put me green and i traded something else.

I don't exactly remember. Oh no, i traded this again right here i got in. I like that entry, a lot yeah, it was really really solid uh. Actually, i started in here with half size double down here, um, it's like a matt monica 2020 textbook engine right there.

I know. I know it was perfect um. I unfortunately only got half off up in the eights, the other half i took off right on, didn't even let it try to retest. I just saw this candle break down and then it still looked weak here.

So i sold at 7.85, but you know what it was. A great trade unfortunately, like i was telling you in the beginning, mdia uh i've been watching this taker for a long time. That is my kind of daily chart, and i would i tried swinging it before. I kid you not, i decided so after i said i'm not going to be a swing trader anymore.

I said you know what we talked and we're like. If we're going to do this, we need to like risk a lot smaller. So were you on mdf for a swing i bought on this day here with 250 shares? Risking seven. Stop me out the next day.

It's so funny! It's like i got hunted. What was the ticker? It was like k-r-t-x or something like that - oh my god, i'll. Never forget that, oh, but it was like wait. Wait! Let's, let's go to this, it was a chart just like this, and you have never forgotten about him.

I ever let's just go back, because that is this was yes right. It was i bought. I bought into this was oh, my god. This was 2019 yeah everybody i was up.

This was my biggest unrealized game ever i had started swinging down here added here added here i remember, and then you were up there and i was like bryce. I was up twelve hundred dollars, i'm like ten shares and i was like. Maybe you should sell, maybe not ten, but you were like nah dude, it's good! No! No! No! I i asked i was like dude like i think. Maybe i should send you like.
You shouldn't, i was like i'm gon na wait till tomorrow. It was up literally from 73 dollars to 120 in four days, and i was like it's gon na break out. It's gon na break out. Oh, my god and the gap down wasn't that chart is like no, it's not perfect, but it's roughly the same chart.

But like that's, that's the pattern i like, and it's just like finding the right risk. This was much tighter. That's the difference like if we go back to mda here, it's a bit. The range is a lot wider, but this is you know it's the same: yeah, it's just a wider range, but like holding low as well same pattern.

Um i mean lows were down at three it's holding well above, so it's definitely something i like for it, but clearly i do not the the the problem is. The risk level is five stages. You're gon na get these down and just meet that. No, i will get them down.

It's gon na take some time, but i mean, as you can see, that pattern happened in 2019. The same this pattern: every pattern: it's not like a one percent two years so was like two years since your krtx trade, that's crazy! Yeah, i know that is absurd. That's wild yeah, but no like guys, use that as a quick lesson like patterns stay in the market. They don't just go away.

They will become less effective at certain times so at the marketplace in the cycle. But 2019 was like literally one of the slowest years. That's probably why the breakout didn't work but remember patterns, work. They work, they work.

You just have to change your like profit targets and all that stuff on them and that's anyways. We all that all started, because i got stopped out on mdia twice. That was two 250 losses. One was right here.

The other was right here um. Then it worked here and i chased it and then sold for breakeven because i was like i don't. I don't trust this it's up from, so that was that was 500 worth of losses and oh ee, iq or the other two, and it was actually a very similar pattern to this. It simply didn't work had the spike out of the gates chopped around view op.

What not that same pattern? It just ended up failing here. This is probably where it should have worked, should have gotten volume. There were bid props on it too, so i was expecting it and uh yearly chart is probably a bit overextended now, but i was kind of just waiting for like it's well above consolidating well above this day of a lot of volume. So i was expecting maybe a blow-off day at some point: crazy grind up dude, very crazy kind of it almost looks like the cei chart, not as ci's up naked is up to 90 cents to, i think naked always moves better after hours.

I feel like yep. Every time every time what's it at, i almost bought it into clothes, and then i had family flashbacks. I will i will. I will never.
I have ptsd, but i was like this is the same chart as cei, and everyone has cni in mind, but i thought the same thing with family. I know family and guys remember this too, and i you know trade, your own plans and trade, your own setups and all this and that. But if the stock is worth 75 cents, there's a reason, it's worth 75 cents because they are a piece of crap company. Like sure it works for cei, but but i was, i actually was given a small cap rockets and steady trade team webinar today, and they were talking about cei being a breakout and it is over the one-year chart.

But look how dilutive this company is. At one point in term and look at the volume on it, that's crazy 80 million shares at 312 000 like that, must have traded billions of shares back in the day. That is so dilutive like sure it's bouncing now and it's working really well congrats to you longs, but that's scary, that is a scary company and that's it same thing with matt. Like matt just said: that's giving me family flashbacks man, it's like you! Do you! You trade your own way, but i am going to avoid swinging 50 cent stocks because there's a reason: they're worth 50 cents, sir um, but yeah, no guys i we we did a pretty good job.

I definitely traded less today. I'm glad i sized down in the afternoon because this those four losses normally would have put me right on the day. Um the way i've been trading - and you know the key is just get like what matt's doing and literally not trade it. But again, i i showed you guys setups that are working right now.

I just need to do a better job, not amarin gbr. What was the other one mdf um like those are the kind of patterns that are working on today right now, so i'm just kind of trying to get that feel down and get the risk levels correct and all right man yeah. I think the key lesson of today is the way you size down after the morning. That's a huge one.

There's a big prop firm out there that they have a rule that you can only lose thirty percent of what you make in the morning, because typically the most oh, my gosh. Yes, because, typically the mornings, where day traders make the most money because there's the most volatility and then if you lose 30 of those gains, you're not allowed to trade the next morning. So it's kind of like uh. If you lose more than 30 of your gains, yeah, that's a brilliant idea.

Uh midday trading, typically in like an average normal market, is very, very difficult because the volume disappears so they set that limit or no they make you size down in half the next day. Okay gotcha, if you're risking a thousand the next morning, you can only hear 500 to like try to instill that discipline of like not giving back the morning profits. Maybe that's what i'll do so, maybe i'll, because what i don't know this that wasn't quite 30. It was a little more than 30 percent i gave back, but maybe that's what i'll do then? That's again, you can think of like matches, gave a really great example.
If you're struggling the same way that a lot of traders a lot of traders, i'm not the only one with this issue right now, i know a lot of people are over training into the afternoon and getting caught in the chop use something like that. Use find a percentage of your morning that you are willing to give back if you're red, probably don't trade. The afternoon i mean that's up to you but afternoon guys it's tough afternoon markets are not easy. When the market isn't brutal.

Like flaming, i mean there's still a lot working, but we are definitely back in like reality, yeah this is a reality. Everything doesn't go up anymore, like he did, beginning of this year. Yeah yeah you'll go through big pullbacks before that bounce happens before that next move happens so trade accordingly. I like that idea, a lot i'm going to implement that starting tomorrow and make sure it's not more than 30 percent boom it'd be cool if your broker, if you couldn't like get away to be like all right, if i'm up money, yeah it'd be cool.

If the broker, let you do a lot of cool stuff, i know i know they they've, but they're, really not that helpful, no they're, not because they're just making money on your training yeah. Exactly remember your broker is never there to help. You know i'm kidding, there are some actually really good brokers, but but he's got to pick the best of the worst. Yes, sir, all right guys.

I think that is all we have um andrew as usual. Tell the people what they got ta do yeah guys. Can you uh, like comment subscribe to this channel, we're trying to reach 100 000 subscribers by the end of this year, so uh? If you guys, could just subscribe to this channel uh, it will really help us out for sure we're getting closer yeah. We are but spread the love, send it to your your mom, dad sister dog, we'll take all the subscribers and fans we can get, send it off to a shop fox.

If you really want yeah, you know drop this in australia and just like, let's see what happens, yeah yeah! Yes, yes, share it with your australian friends. Share it with the aussies. Get it's a piece of piss to do. It'll have them grinning like a shot box.

Thanks for watching everyone we'll see you tomorrow cheers i'm sorry. I cannot believe you said that 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. 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

where the coffee is hot and so is the chat

24 thoughts on “Small cap recap: +$5k | bryce and matt trade $crvs”
  1. Avataaar/Circle Created with python_avatars Lyudmil Gendov says:

    Thanks for everything you doing for us guys, you ROCKS ๐Ÿ˜Ž

  2. Avataaar/Circle Created with python_avatars Jeditronix Inc says:

    Bacardi 151 straight

  3. Avataaar/Circle Created with python_avatars Mother_Nature says:

    you guys are back. thanks for the recap!

  4. Avataaar/Circle Created with python_avatars grahaminator2 says:

    White Russian!

  5. Avataaar/Circle Created with python_avatars Maximus Muchimus says:

    "Grinning like a shot fox" ๐Ÿคฃ

  6. Avataaar/Circle Created with python_avatars Thomas Dix says:

    I'm green this week!

    I'll update when I sell!

    PDT for the win!

  7. Avataaar/Circle Created with python_avatars Thomas Dix says:

    Oh no.

    Bloody Mary fans? Daiquiri over margarita!

    I'm a server at a fancy restaurant, I want to know what you are going to enjoy and give you a few choices for beverage?

  8. Avataaar/Circle Created with python_avatars mike Contreras says:

    black russian, not a tequila drink but worth trying. 1/3 vodka (or to your taste) and 2/3 kahlua Its awesome guys!

  9. Avataaar/Circle Created with python_avatars Eric Jovenitti says:

    So if youโ€™re stop losses are getting hunted go to the next support line and see how you do secondly why learn in real money paper trade your swing trade

  10. Avataaar/Circle Created with python_avatars Scuba Guy says:

    Double vodka soda.

  11. Avataaar/Circle Created with python_avatars Daniel Pakuts says:

    Amaretto, dr.pepper and Spiced Rum, it's called a Hello Nurse! Haha I made it up.

  12. Avataaar/Circle Created with python_avatars Fari Faro says:

    hmm i think i should move Austin

  13. Avataaar/Circle Created with python_avatars spearsg says:

    haw haw! unizex glasses, lol!!!

  14. Avataaar/Circle Created with python_avatars SB ESPN says:

    Why is Austin such a hot spot for trading? Seems there's a lot of prop firms there like Kershner, SMB, etc.

  15. Avataaar/Circle Created with python_avatars Kao Saelee says:

    Is there a video where you guys show how to find these stocks?

  16. Avataaar/Circle Created with python_avatars S F says:

    I was doing that…gr in the morning and +red in the afternoon. I've been turning it off and walking away. I am now gr two days in a row. It's a hard discipline because trading is fun. Well, until those red afternoons keep adding up. Just have a beer. An Ale. ๐Ÿ™‚

  17. Avataaar/Circle Created with python_avatars Patricia McFadden says:

    Thank you Bryce & Matt

  18. Avataaar/Circle Created with python_avatars Julia O'Toole says:

    Margaritas and Lemon Drops!
    I'm doing a zoom lesson on of these on Saturday night with my friends so that would be perfect if you make them as well. I can play them Small Cap Recap as part of the lesson.

  19. Avataaar/Circle Created with python_avatars Sam Putnam says:

    i look at shorts all day so you guys are like my pick me up

  20. Avataaar/Circle Created with python_avatars oceancaldera207 says:

    Spot on stuff today, great trades on CRVS!

  21. Avataaar/Circle Created with python_avatars Leonardo Trillo says:

    ๐Ÿคฃ Nice way to embarrass him!

  22. Avataaar/Circle Created with python_avatars Abdel Jellouli says:

    i want to follow your strategy

  23. Avataaar/Circle Created with python_avatars Anthony Jr. says:

    ty
    that was my idea cocktail friday johnny walker black for me

  24. Avataaar/Circle Created with python_avatars Donte Crawford says:

    Get Clase' Azul reposado and make a Mexican Mule. You have to use fresh ginger juice instead of ginger beer. Oh, add two mint leaves as a garnish. Yummy!

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