It's been a long week and a long month! Our dynamic duo ended the month red but learned a lot of valuable lessons along the way. The market has been rough and it's essential to adjust quickly... Be selective, find balance, and stick to what you know. Tune in to catch their trading plans for the month of October โ And catch their trade & chart breakdowns on these tickers: $ICOA, $MDIA, $GROM, $DATS, and $PALT.
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*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
๐จFollow them on Twitter:
๐ต Matthew Monaco: https://twitter.com/mono_trader
๐ต Bryce Tuohey: https://twitter.com/TraderBryce
โ ๏ธ (**Results not typical or guaranteed. Past performance is not indicative of future returns and financial investing is inherently risky.)
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๐ด Minute Tip Monday: https://stockstotrade.info/mtmP
๐ด Small Cap Recap: https://stockstotrade.info/recapP
#StockMarket #TradingRecap #Stocks
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
It's september 30th we've made it through september, wow good spice in the air yeah it's in the air. Now it's not in texas, though it's too damn hot, it's 80 92 and i'm wearing a sweatshirt yeah, i'm wearing jeans. For some reason i don't know my wardrobe choice was a bit off. I didn't have any mine's on the dryer i had to throw.
I don't own many clothes. If you could, i probably weren't this exact sure i have one of the. I have two of these in green, two of them in blue and two in black, so it's basically the t-shirt selection. That does sum it up.
You just told everyone, but that is exactly what you wear every day: yeah it is no, it really is. I have the miller light shirts, the basics back to the basics, you're, a basic man, i'm a classic man, basic bro, i'm a basic bro nice. I thought you know is this on your soundcloud, i'm going with the flow all right. Let's give them a day recap and then a rough monthly recap.
I know every for those of you who are dedicated enough and watched it. Every single day we put out small cap recap: i'm sure you know the rough numbers but yeah for those not as dedicated. Let's sketch them up yeah um day number - i am down about 3 500 today, but uh a lot different. Today i traded a lot better.
I traded with more size today because i had setups i liked and i will get in i'll, get into the day recap. After finish of the month, but i'm actually very happy with how i traded today um, so that's a number, i'm like very comfortable with that being said, though, on the month uh, probably down about 65 000., no way way, probably around there. Oh, my god, i didn't know it was that bad and i've been sitting next to you every day, well yeah, but you haven't been trading this week very lightly. No, i traded monday.
When did you trade monday? I don't know. I remember trading monday. No, you didn't. I remember congratulating you for not trading at all.
I thought that was tuesday and wednesday. It was all three days it's thursday. I know today was your first tr. Today was your first trade.
I definitely did not trade, you didn't trade or wednesday or wednesday. I'm pretty sure i traded monday, oh okay, we'll maybe place two trades this week. Then i really don't think you traded dude. I think i did.
I don't remember what i traded, but i think i traded i'm pretty sure i did that one alone. Actually, i'm pretty sure i did that small cap recap alone. Maybe you did. I can't remember it's been a long month, it's been a long week been a long week been yeah yeah.
So what do you? What? What are you doing are we did? We did we make six figures red together. We did not because my trade today we went real close um yeah, i'm down about 35 000.. Now we're throwing out some big numbers here. So, oh we're close.
No, it's probably about 30.! So, oh after today's trade uh now that's scary, but bryce and i have been on like a rocky ship profit curve for the last 12 months and it's kind of just back to reality. I know a lot of people are hurting out there. It's tough to trade! That's the reality of it, we're back to like a normal market where there are runners, they're, more difficult and very selective right and um kellogg back when we used to twist all the time by the way twist is coming out this week again. Finally, it's new and improved so watch our youtube channel click that subscribe button before we even get to the end of this video um but, like kellogg, says this best and he was like for the last 18 months, like 90 of traders were winning, which is the Reality and supposedly 90 traders lose so this flip back to reality, where 90 traders lose is harsh for a lot of people because it was like there was a period of time where it was tough to lose, and now, like, i think, we've been saying it for A long time and like i don't want to spend too much time on it, but, like i think we're just this is the new normal like this is where we are there's gon na be hot times, there's gon na be cold times, but on an average day, Like this is the action you can expect to see, so you got ta adjust to it. Quick because i mean this is normal yeah and you know what for those who are so and that that's not to say that good traders can't adjust um, you should adjust. I know a lot of good traders who are read this month as well um and it's like it's an adjustment period right like you, don't the market doesn't get slower and all of a sudden you're. Just like you just know to stop and slow down. You kind of have to see it's losses are lessons and that's how you start adapting adjusting and adjusting your strategy, your entries, your risk, um.
It's definitely a lot more important to have good risk management now and uh really be selective with your trades, but i think so um you know, let's, let's make it be known to, like i'm sure with august, for you too, like our august month even august alone, Which was one of my slower months of the year still bigger than this month, so, like i'm sure, that's similar for you mm-hmm, i don't know what i mean in august days are blurring together. I think you hit 100 because i think having a wild time. I think you might have hit 100 in august, which i never would have without you, because i just got pissed. You were kicking my ass yeah because i got you june and july.
No, but so - and that's another keep keep this in perspective, and you know the number sounds like drastically large, but with that being said like as long as your good months can outweigh the losers and that's keeping losers. Small for us is gon na be different, for you is this gon na be different for people who are better than us. You know what i mean so like keep it in perspective to your own trading. Don't let the big numbers scare not scare you, but i'm sure, i'm sure, there'll be people in the comments.
You guys lost a hundred thousand dollars together this month, oh, but we're also up like three million tickets, the last 12. so yeah. So it's it's uh! It's all, relative speaking, keep it in perspective, um anything else you want to talk about in the month. No, i was going to say like what's your before we get into trades like what what's your plans for october yeah october, uh, really really really a lot more selective um, and so you know what today's lesson is actually something i'm going to implement more moving forward, Because, like i said, i'm happy with how i traded today, my biggest issue has been this month. Um and me and john papa were talking today about how cutting winners quickly is almost just as bad as not cutting losses quickly, not letting your winners run, but taking full-size losses and that's what i was doing the majority of the month. I was trying to be a little too scalpy, but let my winners were too big, so today i, when you go through an adjustment and like i'm gon na, like i'm gon na, do next month. It's not an overnight thing. We actually, i talked about this in the the steady trade team webinar yesterday.
If you're trying to build a goal, build a habit, build this one, it's not an overnight fix and for me i tried to make holding out of my winters longer an overnight fix and as we'll get into the charts i lost, i gave away about ten thousand Dollars in unrealized profits today, because i was like nope not selling, not selling, and it's going to be a kind of a battle of back and forth until i find that happy medium. But that's my goal in october is to find that balance of letting the winner run, but not letting it run so far that it becomes an unrealistic expectation. What about you? What's your? What are your goals for october? For me, i know very clearly at night before i go to bed if there's a play at the market open tomorrow, very clearly, so, like typically like a lot of times this week, i didn't trade, and that was because i just didn't see a plate. That doesn't mean i'm not watching the market.
That doesn't mean i'm not in small cap, answering questions or helping guide people and try to figure out like how they can become a better trader but like for me. I know like there's a play day or there's not a play today. Um this morning i was like there's not play today, so i didn't place a trade. I always come back scan in the afternoon um for those of you who know shut up what groms at 440..
What did it close at 390.? Look at that anyways! Sorry that just pissed me off that's the move! I was waiting for all right back to my monologue here. Um i just know like i know where i can excel and for me like afternoon, has always kind of been my sweet spot. It was my sweet spot when i was in college. It was my sweet spot last year it was my sweet spot um.
You know this year and today, like i, have a trade today i took in the afternoon and it's a perfect example of it. So what i'm going to do is, if i see a play, look at this guy. If i see a play, i will trade it in the morning and if i don't, i'm, not even gon na look at the market i'll be there as a mentor for the people who are interested in learning um. But besides that, like i'm, just not even gon na look at the stock market because i don't intend myself and it's just not working and then i'll come back and scan the afternoon and maybe there's a play. Maybe there's not play um but yeah. That's how i'm going to balance it and because, before like it was a scanner market, is what people call it where you can just look at your scanner, all the time and there's just constant stream of plays we're, not there anymore, like it's about planning. So that's my thought: process going into october he's pissed we're gon na pull up some charts i'll go first, because i was kind of teeing up my trade. Here we have a koa which is an otc pink.
What a monster run. I feel, like i've, seen a lot of charts like this on the otc market. Yep um, crazy man, it makes me want to be a swing trader, i'm just not that good at swing trading, yet um anyways. This was a breakout um.
I was alerted to it. Just by some people, i follow uh across social media networks and um like i. If i was a fake dip right, but if i would have saw this in a day, not a chance, i would have bought it. I didn't even see it until like here, yeah like after two um, and because of that i was able to buy it.
I bought some small shares right here over two two um and i ended up selling them right here on this dip at two five because i was like i don't wan na swing uh because, like i literally haven't been in otc stock in like six or eight Weeks that has gapped up in the morning so i'll be watching this one in the morning. So i do think there's a solid play possibility on this one. But this trade here was like thirty four hundred dollars for me: um just easy textbook high day breakout and you know in a different market. I would have swung this, but for me just locked it in that's about 15 on the trade.
That means we're negative 100. Today, together there we go yeah, keeping them small god. Good thing, i don't share an account with you, man it'd, be brutal. Three people can really put the team on the red in the backpack.
Thanks thanks man. Thanks thanks, you should get a massage. That was my trade pre-textbook. Otc breakout buying it in the afternoon, letting it run this one could go further.
It's got history, gap and sure, but like look at these wicks, typically there's some pretty harsh pulls so probably gon na see something like that in the morning, which is why i did not want to swing it all right. You had mdia, which you've talked about before yeah i've been watching this chart for a while, i'm still watching it. I still like it a lot uh, but the intraday it broke out of this little multi-day range. We had here on quite some volume in the morning. Uh and then, as you can, throw up bebop. This is a pattern. I've been kind of talking over with the small cap rockets group. It had that, basically afternoon, v, wap hold and break.
Someone would call it the rocket line. The rocket line. Some would call it that coined by mount coined by matthew monaco. I got a pretty sexy scanner for the play like this.
I know you do. I know, and this would have picked this up, though, is really a liquid um. I don't know we can quickly see. I bet you would have look.
Oh i put well. First of all, that is wrong yeah. That was your pre-market scanner. I was going to say something, but i was like and we'll see.
Oh wow, it did that sexy little scan settings yeah those screen shotters out there um. No, so my i had 2500 at like 11 10 re-added on that pop up yep that took it in there um we added another 2 500 at like 1170s somewhere in there. No, not in that break, yep went to 12.50. I had 5 000 shares for, like an 11, 48 average went to 12.55.
You know what the second time you walked in today was on that pop. I was like mid conversation. I looked back and was already back down to 12. and i was like that's brutal.
I was like. Are you blaming me? No, no, i'm blaming i'm not blaming your hands. You know what i'm apparently carrying the team red so pat in my back and whatnot no um, and then i sorry about that. By the way thanks, i didn't i didn't know the stock was running.
No, no, i know i know um and i ended up cutting as it broke down below 11.50 right now, the next one right here right there cut on that candle, yeah pop and drops yep. It was tough um and the problem. The big issue there was. I was i'm, trade was good, but there was no catalyst.
There's no news today and that's what's so tough about these terms like this chart is so nice, it's really nice. It just needs something to get more eyes on it. Well, and so this is the same sector as like palt dats um, so that's gotcha, yeah, we'll see we'll see, um and then grom was the other one. If we look at a two day chart here, okay or a three month, there's a six month, then we'll go to your two day five day.
So actually can you go to two day, one minute and i'll explain why i was very convicted on this. So go to yesterday now so notice. The volume down here on the big run up at the very top notice how the majority of the volume was not after the haul down it was shorts getting squeezed over five. That volume was just shorts, getting exhausted um.
So we can assume that most short sellers are not in from five or from six they're in from that drop after um, and so once it was consolidating up near fours all day. Today. Five is definitely the level here. Five is absolutely for those keeping score at home: yeah um, oh my god.
Oh my god. It's a 460.! Oh my god. I hate everything. So i had 15 000 shares from low 390s right in there yep and it got rejected and i was happy with the attempts i was holding you up all day and i was looking for that move up towards high a day to sell half into in the 450S, stuffed in the 430s cracked and someone asked in small cap like uh what game is grand pla or ground playing? I was like the i'm gon na run after hours game sure enough brown is in the same space as dads. I know this was a sympathy to paul yeah this, so that ran because paul we're about to see something special tomorrow. I do too i do too i'm hoping hoping so, let's go to dats real quick, actually because that's interesting, that's held really well all day today. Yeah very well, today, julie, i think, we're stumbling on something here. I know we're stumbling on something: i've got that's why i'm putting money in my account tonight, um, so there's too many stocks in all the same sector.
I know so yeah we got paul grom dats, md uh, oh it's friday, too yeah tomorrow's friday. There it could be a nice start to the month. Um, that's interesting, yeah! No so dads - and i i still like grom as a watch tomorrow, but i have this feeling it's gon na just do it in pre-market. That's my biggest worry, that's no grom! That's i don't think's the play.
It needs to be strong enough for these to at least yeah, but i think the leadership's gon na be passed on to something else, probably paul to check paul. Look now. Look at paul, so paul dance was pulverized. Dats was the reason paul ran yesterday, but then pulse ended up being the reason gr.
Oh, my uh pelt ended up being the reason that grom ran. Oh, my that's tomorrow, god, i really hope chrom doesn't do it pre-market, interesting yeah, there's a little tease a little stock, tease mm-hmm. I know bryce likes it. When you tease him, i i'm just really i'm i think paul.
I think groms going pre-market, but pult could be a really solid watch too many stocks in the same sector, trading, good volume and they're all running. I know they're all holding when they should be everything every going into a friday, it's sector momentum. Now this has turned into sect, which is so so wild that so i don't know if i've ever seen this before so cei. Um is basically what caused the dats pump, because cei the same people that are pumping cei, pumped dats and then that's created the sector.
Momentum, it's really weird spicy, but it basically all started from cei if you go all the way back, um totally different sector, but yeah. No, so i mean these types of stocks are the ones you want to see. The ones that are holding up really well are all in the same sector, all trading absurd volume. That's how you get multi-day runners, and this is interesting, matt's thinking very interesting.
Small cap rockets buckle up yeah. Honestly, though, i need some rocket fuel, maybe i'll make back. My entire red month tomorrow, that'd be legendary. That would be awesome for the home runs yeah. That's that was a joke. That was a joke swing for the fences. Not the home. Runs you don't want to swim like you, don't want to go out of the park.
Huh interesting logic, i just thought of that on the spot. If you can't tell i'm trying to piece it together, um anyways yeah! No, so that, like i said, i'm gon na that's, my goal is to find that sweet spot for hold time versus like well. The sweet spot for the whole time, not let these winners come down on me um and just keep risking check, but i mean i think, we're we're going into october. Now we're going into fall, you know in the heat bringing the heat closes out to me.
I don't have anything i already i just i just gave you a bunch of watches for tomorrow. What are you doing all right guys today, at 5 central 6 eastern, we are putting a poll up, instagram twitter, correct me, andrew twitter, it's gon na be uh twitter, twitter, twitter. There are four choices for our first ever cocktail friday vote on them. Let's see what's interesting, we bryce and i both put a drink of our choice on there and then instagram.
There's a bunch of recommended drinks pick the best one and we'll make it happen tomorrow for cocktail friday and we'll see who's who's, bringing the alcohol. We have. The alcohol brace cheese yeah we do, you know what they say. I don't know what they say.
Tell me it's you play hard, but you work harder, huh, that's an interesting video. Let's work hard play hard, but no it's play hard work harder. I'd rather play harder. I think no, you, wouldn't you wouldn't be here if you played harder than your worst price.
That's very true, it's very difficult without leading them astray. What do you mean? I thought that was the lifestyle that everyone flashed all you do is press buttons for 10 minutes and then all of a sudden you go play hard, but work harder. I'm closing this out. Thank you for listening stupid.
Yes - and this is the longest small cap recap of our life, so it was a monthly recap. That's true monthly recap, fair enough thanks for watching everybody, if you haven't already click that, like click that subscribe button share this with a friend. This was a good one. It was a monthly we've got some stuff.
We got some work to do tomorrow. You have some work to do. Go vote on our twitter appreciate every single one of you. We will see you tomorrow.
I hope you all enjoyed that video thanks for watching the whole thing and being part of the stocks trade community. We wouldn't be here without all of you, so if you have not already make sure you hit that like button and subscribe to this channel, our goal at stockstraight is to reach 100 000 youtube subscribers by the end of the year. So if you like the content, we're putting out - and you want to hear more - please please hit the subscribe button and i will see you in the next video.
More trading less BS boys
COME BACK TO THE OTCS, IT'S NOT A NORMAL MARKET, YOU'RE TRYING TO TRADE MUCH TOUGHER STUPS AND PROVING EXACTLY WHY I DON'T TRADE THAT BS!
Talk more about your watchlist creation please.
I think small caps would be so much better if we could at least see you while you're making the trades. I'm a visual person…..just a suggestion.
bruh 76 comments yall boys blowin up fr, dont turn hollywood on me gang, im playing keep doing yall thanggg
I have screenshots the scanners and you mentioned us right away ๐.
Just a dedicated student taking advantage of everything thrown at him
Thank you Matt and Bryce.
Those were sexy scan settings!
I feel like the reasoning behind them is more important than the numbers!
Awesome twist is coming back
Great recap. I'm was actually in the exact same boat as Bryce today. I've been nailing quick scalps but haven't been letting them run long enough and am trying to find that happy medium profit taking zone. Not a one day fix like he said.
I made roughly 3K this month, but happy that I beat Bryce for a change!
nailed FAMI last night when it broke intradays highs, scaled out from 15% 55% so not bad but rough month, very slow and choppy.
gave back everything I made on the month today. fighting MRNA. the daily looked so good I took puts. sized up and the SPY spiked and so as MRNA
You guys are my new favorite recap. Awesome to hear yโall are in Texas too.
Forex and commodities trader here. Good month, but this week has been a nightmare for my metals trades.
September is my best month of the year for me. 16/18 Green and 3.36 risk/reward.
MM traded $CRVS on Monday… +$4500 Just in case it hasn't been mentioned yet… lol
95k? That's a lot of Pumpkin Spiced Lattes… They're $6.95 CDN here, so that's 13,669 Pumpkin Spices lattes (not including tax… with tax, the number result wasn't as… good). Had them for the first time yesterday btw (as well as an Apple Drizzle one and a scone) and man, they're like crack. I also think this has sparked my interest in becoming a coffee drinker at 25….
Also, my dumbass thought you meant 95K on the day… I was wondering why you two were so calm LMAO.
Bryce I was waiting for that GROM move all day too..
love this show keep going
green october for the boys
SHELL companies have been hot its just weird bcuz when they merge now theyre not a shell company anymore so its a hot sector but when a stock rips next day its a different ticker etc
PALT over 15 sends the beast to 20+
Thanks guy…. you both are great ๐
low float + high volume = potential squeeze
Worst month for me in a while too! Managed a little comeback this week to finish up about 1400 on the month. Definitely learned some lessons and excited for Q4
trash action on ICOA breaks hod early only to stuff go sideways allllll day only to dump and barely hold up only to grind back to new highs i mean that doo doo poo poo
i think its a scanner market in the sense you have to dig dig dig through that sucker to find that golden ticket etc .. if you dont give up and find that 10:1 winner it makes up for a few losses on the day easily and every day there is one ive been finding
my best month in last 2 years has been +20k and my worst month has been -23 literally -23 but i trade insanely scared and only take size in the most opportune times unlike you all that are constantly pushing size and have made 10x what i have but my equity curve stays at all-time highs
I'm surprised you guys had a rough month. September had good plays nearly every day. My second best month of the year.
im green on the month all Dan irish style setups mainly
been in the game long enough to realize its the last day of the month and its been slow so it was either going to be slow or red hot today and it was so slow so i sized down and also usually after slow period and new month starting on friday could equal super hot way to end the week and start the month of october off
What up dudes! High of 84 in Houston