Alrighty everybody what's going on trader bryce here, welcome to small cap recap: um, i'm not in the studio, as you can see, i'm actually i'll. Let you take a guess i'll. Give you like two seconds. What state am i in one two, three colorado, my second home? I love this place, i'm actually at a friend's apartment right now, um just chilling out in denver until my airbnb won't be ready for till tomorrow.

So i'm kind of figuring out something to do. I had to pick up a friend from the airport who's coming in a little while, though, so i figured i'd get here early, i drove up from austin made a little road trip out of it and um yeah, and i like, if you can't tell let's make This full screen there we go. I haven't been trading a lot, we haven't been doing a lot of recaps, mainly because i really, i think, i've taken like two trades. This week i took like a trade or two last week.

It's the market has been scaring me and i'm pulling up this chart to show you like what this market is. Like, i mean look at peloton. This is a real company that fell 30 in a few minutes yesterday, i'll pull up netflix for you. This market is scaring me and i just simply don't feel comfortable on the long side.

I am still like dabbling short, but um, oh brutal, brutal. They basically didn't grow or something along that lot, those lines uh with their net subscriber base and they admitted that they messed up and this and that, but i mean literally, fell 25 percent overnight. Let's take a look at the spy real, quick, oh yeah, it was green at one point failing now, the large cap consolidations are probably a decent little short but um anyhow yeah. I lost about 700 today on peloton um.

I longed it here sold here and then i ended up making most of it back longing here selling into this push here, so i had too much size um on this part. It is what it is. Oh and i uh traded bond basically for breakeven. That was the dumbest looking chart.

That's when i just remembered how bad small caps were right now, i'm not trying to like scare anybody, because the small cap market will come back. It's not a worry um. I bought right here. I bought it 410 and i sold half at 451 into the halt and then the up halt unhalted down and i sold uh.

I guess i had like small when i sold the rest break even um, but i had pretty small size, so i was oversized on peloton, unfortunately, uh and yeah. That is like that this is the market right now, we'll pull up bsfc this, like that. This is crazy, pre-market um, like really crazy, pre-market on very little volume. I've seen this before these types of moves, and unfortunately it's done nothing.

It could bounce or something, but i don't know it's still up - 130 from yesterday - very easy to dump if uh anyone's able to dump on the inside so guys. The reason i'm you know saying all this, and basically talking about how scared i am of the market is because i am scared to long right now, i'm very i'm not comfortable longing um, and you know it is what it is. It's i'm not gon na be trading a whole lot, i'm in colorado for a whole week. Monaco is driving up on saturday to meet me tomorrow, he's driving up tomorrow to meet me up here, we're spending the week in the cabin and we actually do plan on uh doing some webinars together for those who are in small cap rockets, uh we're gon na Pre-Record a couple we might even do like two in a week like two live ones: um we're gon na we're gon na get some content out.

It won't be probably a whole lot of. Unfortunately, it's tough when the market is slower, um to really talk about charts, and you know to show. Oh, this one is new. Let's pull it up.

This is the middle of the day. If you can't tell right now, there's no volume, um anyways, it's tough to like teach really yeah. We can go through old charts and whatnot and that's probably what we're going to do, but there's not a whole lot of action right now that we feel comfortable trading. But you know, there's still a lot to be learned during the slow time of how to sit on your hands market trends and again going through previous charts for when the type of market matt and i like to trade, comes back.

So for those you guys are in small cap rockets next week we should have some good content coming out and uh yeah, that's about it so gon na be here in colorado for the next week. I go back to austin on saturday, but i don't anticipate taking really any any trades or any sizable notable trades this week, just because the market is sketching me out, like the spy will pull up that daily. Oh, oh man, and you know i'm not saying the end - is here or anything, that's not what i'm trying to get at with this. It's just like this is an ugly market.

I mean we've had how many green days in the past. When is that three weeks we've had three green days in the past three weeks, i mean kind of a doji here. I guess this is green, but you know what i mean like this is just not. It doesn't look good and you have large caps like netflix, literally look at this daily chart.

That is scary to me. That is a real company that, in two months, is down 50 percent, not quite close to 50 percent off of the ties. That's that's. That's called air coming out of the bag for a lot of these overvalued tech companies.

Uh we'll check tesla quick. I know i'm not really like teaching anything. I'm just kind of re reinstating how like crazy. This market is tesla's actually still holding up pretty well um.

Very well actually, but it's like these, these large caps are starting to feel it now and we've seen it with some of the smaller large caps. But i mean when you get ones like netflix, losing 50 billion dollars of market cap overnight sketch, and it makes it really tough for the small cap market. Unfortunately, um there's not a lot of momentum. There's definitely again.

This is the toughest part of it. You get one spike, that's nearly untradeable. There's no entry signals in here, no volume even and it does nothing. It's scalping.

You can scalp the range um, but i don't see the edge there. So that's kind of my thoughts in the market. Why? I'm personally not trading a lot right now and for those that are trading and because i'm not this, i'm sure this market is great to some people. People who love trading the range.

This is probably a great market um so, but for those of you who aren't trading, you know, don't don't feel left out like you're fine you're, not missing out on a whole lot. I don't know a lot of traders who trade the style that i trade um, placing a lot of trades right now, either so anyways. That's all i've got for today guys. I hope you all have a great weekend um.

If you know, if you can just use this time to study, like i said for those of you guys that are in small cap rockets, we will have a lot of study material coming out um next week. Things for you guys some video lessons and whatnot um, and that's that's what i can do right now is study up, prepare for the next hot market and sit on your hands in the meantime guys enjoy your weekend. Thank you for tuning in to smallcap recap: peace. 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 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.