Grab a drink and tune into our first Cocktail Friday!
Another slow day in the market, and that's OK! Have some patience and focus on consistency over gains.
The duo traded light today... In fact, Bryce took ONE trade on $AMTX. Catch his thought process, and don't miss Matt's on $PALT.
(More featured charts include: $CEI, $ATER, $PSRU, $TMC, $JZXN, $EZGO, $LWLG, and $SPY.)
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๐Ÿ”ต Matthew Monaco: https://twitter.com/mono_trader
๐Ÿ”ต Bryce Tuohey: https://twitter.com/TraderBryce
โš ๏ธ (**Results not typical or guaranteed. Past performance is not indicative of future returns and financial investing is inherently risky.)
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Cheers you got straw, you're scared, you're, gon na spill it or what was the vibe andrew gave me a straw. Did you need a straw? No, but it kind of it's kind of fun, though it is cocktail friday. What's the drink of choice, well, not of choice. Uh voted on yeah by you guys yep uh.

This is the mojito. Can we get a round of applause? Yeah? Thank you! It's delicious! It's like it's refreshing, yeah! You know i wish it was a little hotter outside, but yeah mojito is like my go-to drink uh. At the beach big, it's like a perfect beach drink really really good. Have you missed sorry, true, nice, asmr um? If you missed voting on this one, we will do it again next week we're going to install this um and basically you have to follow us on instagram and you can input your favorite drink of choice and then on twitter.

On thursday, we'll put up a poll and that will determine what drink we actually make. Mojito won thanks for everyone who voted. It's probably a good thing. It's a great way to end the week.

Probably a good thing: vodka red bull didn't win, but we would have been having a good time. Let me tell you: your heart would been like that's bryce's, drink of choice if anyone's surprised like i'm, not surprised at all, that's his favorite drink. It's it's the perfect way to go out and let loose. No because for me, like alcohol, makes me kind of tired.

You know what i mean, because i don't there's like the the valley of like despair. You got ta get through right, yeah but like for me. I don't if i'm not if i'm just gon na casually drink, it's gon na tire me out more than anything. So if i'm gon na go crazy, i might as well be really amped up the whole time.

You know what i mean. That's kind of my thought process: that's wild wild thought process every now and then work we're here for play hard work harder. Yes, play hard work harder. I like that, but there's another phrase that is you're here for a good time, not a long time.

I think it was george strait who once said, is it i ain't here for a long time, i'm here for a good time, so george strait bryce dewey, i'm here for a long time, i'm here for a good time, george strait bryce tui, i'm losing my voice. Quite bad, just hang that over here, george strait is performing a uh acl. Oh yeah, that's good! I forgot about that. I know i'm really excited i'm making sure to go the day.

He's there i'll sing along to that song. All right. Let's hop into this uh. Some trades here, how'd you do today.

I took one trade today. I think that's a round of applause. Let's get the people going all right. One trade and i kind of actually want to talk about my experience today because it let loose yeah man like oh.

I will well what happened to you. I know it started out. You know a series of unfortunate events, one might say yeah um. So this morning wyatt i i went out last night, but the problem was.

I couldn't remember where i parked my car, because i was in the city and i'm normally not in the city. Then i found it. I was up, you know by like 6 45 seven o'clock, so you know two hours i find where you parked your car at your house. No, i was downtown, you stayed downtown.
I stayed downtown in a hotel with a friend and then when i found my car. I had a flat tire, so i had to put the spare on and i got it plugged because i was like i already missed the market open at this point might as well just go, get it plugged and thank god, because i got to my screen - probably An hour after market opened, i didn't see anything i liked and i was like, and i saw a bunch of opportunities where i would have lost money right. I know i would have taken the trades and it was kind of a blessing, and i i sat down and something just finally clicked. I'm like this is kind of really nice like it was a not trading awakening yeah it was, i didn't, feel any need to force a trade.

At the very end of the day i took um yeah, we'll pull it up. I took one trade today. It was a runner from yesterday here um, oh man, yeah. It was a runner yesterday, gapped up pre-market and it held really well.

It is a higher float, not trading a ton of volume, but it was a super clean. A little slower play. Um i took 1500 shares somewhere in like the low to mid-19s sold up in the 1970s area up there. I actually did take it again right at 1960, but then literally i clicked buying you, you ready to film small cap recap, and i was like all right.

Yeah i got so i sold that first, i sold for you guys sold for you guys and honestly it was going to be a slow mover um more likely than not. This probably turns into like a swing for tomorrow, and i don't want to swing it monday. Yeah, whatever i say tomorrow, if it's friday, you get it tomorrow's trading day is monday, but no i like i like the chart a lot. It was super easy.

Can you pull up? You want what it did the same pattern. I talked about that. I like talking about it. Had there you go recovered view op um, that, although it never really yeah it did have that big spike out of the gates held view.

Almost today, then it dipped under recovered low volume bid props started showing up in the 1910s. Just rode that trend up it felt pretty nice. I like this bite here, that's that was my favorite, but i just simply it's too late in the day, and so, if you go out, go back to the daily real quick, not a lot of volume. Today, um and it's testing a pretty key breakout like right that 19, that 20 area yeah.

Yes, i don't think yeah. I don't think it's got enough volume to do it today, which is why i think, if it's gon na hold up monday i'll, definitely be watching it. That could be just not a big home run trade by any means, but an easy nice double an easy double. Yeah yeah, like you're gon na, have a good risk.

That's why i like mid caps, there's like a solid period of time. That's all i traded uh, i don't even know 2019. Maybe the risk reward was so easy. I got my two to one.
That's what makes these way easier because if you go to my trade halt here this thing just sucks, i know i know dude, i so actually i was feeling a little gambly and i did buy some shares yesterday after i was like right here, oh because after We did our small cap recap. I was like. Oh. I like this chart a lot scoops from shares up, i want uh, like 5758 was my average um ended up selling right here, so i made a dollar share a thousand shares.

I was up a thousand bucks, then i was watching it for a dip and rip out of the gate uh. I actually ended up buying on this wick right here. I would have gotten faked out there totally faked out um, because it dipped right, like i thought, curled back up, did absolutely everything i could have asked bought it and then it just totally faked slammed down and ended up selling into the break of low day. At the time right here, um - and i was like - ah you know, because my brother trades with us in the office he's like well what if it's a play later and i was like it might be in an hour and sure enough 10 minutes later after i Said that, like just ripped dumped, this was just like some manipulation.

Total crap, like that's, not the halt up, i don't think it actually halted up but ripped up. Then the halt down like there was some funny business going on there. Um, which i mean is pretty much why, like when my brother asked, i was like yeah an hour because, like it just failed, this grip i wanted to just chill like it totally, could be a play over 1250 and then did this crap and obviously the rest Of the day just died, so those are only two technical trades on it yeah. Unfortunately, i just had more shares on this one because - and that was nice yeah, so 1200 loss here, which all in all puts me down.

200 bucks on a day which i'm more than okay with um, just you just hate when a play just stuffs on you like that sucks, no, no, it does but notice. You know what notice the difference today, not from matt but um. The losses are like super v like we were talking about this um. A lot of the good traders right now are using pretty small size yeah the market, it's not the same volatility.

The volatility only comes in at the key level and then after that, just let me look at that. The volume dropped off hardcore the rest of the day. We talked about tim grittani today, yeah. He took like five trades all last month, but had a great month.

Yeah amazing month, and he just he didn't even use crazy, big size. He was because he's like a swing trader now in his you know, old age, but he's not he's so super young still, but he like just cei was one bammy was one he bought. The breakouts with like reasonable size for someone in his position, um, which is bigger size than like some we should take. Probably you should take, you know, depending on what you want to risk here, but and he swung it, and he made like multi-six figures on a couple of these trades and only took five the whole month and just it's i don't know today simple yeah today was: I it was just and i'm gon na i'm gon na like say this again because of how important it is but like for me when i start off red it's, unfortunately, a lot of traders, including myself, you want you want to like you, want to get a Win and then you end up taking full-size losses over and over, because you're trading chop you're, not trading the greatest setups, and today, when i didn't trade, i actually felt a lot more comfortable using a smaller risk.
At the end of the day, i traded with, like a 300 risk, cheers cheers yeah cheers i'm really happy with i'm really happy with how i traded today, um well the lack thereof um so yeah. No, i mean it. Let me finish this bad boy. First of all, whoever recommended the mojito fantastic, multiple people on instagram like well done what a way to end friday.

It's not too hard. It's just that's what she said. You can dress him up, but you can't take him out. I don't know what to say like unbelievable: let's um hey, do you want to real quick start of the month? Um, let's go through like something really quick, just go through the charts of like cei um, a couple of the like big runners, maybe to keep on watch uh ater.

Maybe i can't i don't remember what hader did today? Rapid firearm yeah rapid fire yeah really needed to close above the 350 level. Um yeah. I can't remember what that was doing. I was trying to bounce yesterday it's holding holding up when i saw today since we're doing this for ryan yeah psru psru.

I was like man we're getting pretty close to first grade first green day for sure for sure, but totally failed, but you got this nice base now on like a two day basis. Here, oh, can we go through and i'm sorry i know we're going to be blasting these people with a little bit of knowledge on our cocktail friday, i'm feeling a little good. Now, i'm feeling a little more loose watch out, go to the those weird ones like there's tmc irnt, tmc yep. These are, and i'm just kind of so these were ones that a lot of people were asking about like first green day first green day, these are literally the sketchiest companies that it's like just yes, yeah, it's the same chart.

Oh my gosh yeah man holy. Look at the look at the volume the other day: that's the bounce that they get like these. Just simply. Don't have first green days right now, the these types of ipo stocks type in easy, go ezgo.

It was the same thing as jzxn. That's so bad! I know dude like these are brutal. Go is that his farm? Oh okay, that's not! No! No! Oh there! It is yep yep like 20 to two. The other one was like 40 to two.

So like be careful trying to find bottoms on these because a lot everyone's like, oh, it can't go much lower support. No, no! No! It can go 100 percent lower from where it's at right now, actually like it's percent. What's that no math wizard 100 lowers at zero. Yes, it can go.
There is what i'm saying: it's not gon na go zero, they'll, reverse split or like get de-listed, i've seen i've. No, no i've seen a couple of them which one uh we went to an otc or no that was lwg that uplifted um hold on. I did like that. Let's get it quick got one more stock before we close her out here today.

Oh, the breakout failed too, like that was such an. I know at this level this was that was such a nice breakout. Honestly, you know the move, though the move was six red days down, that's horrible. The move was there.

That was the day i know but say you bought this breakout. Oh no! You still it's still down this day. For no reason. It's still that's on the spy gap.

That's really hard! Oh yeah! Oh okay! Last one pull up the spy, be careful. Last ticket of cocktail friday yep, the overall market - that's balancing the mouse, but this is getting a little. This is getting a little scary, it's flirting with some fire yeah it is. It is okay! Look at this! You got to keep it in perspective right.

This run. Is just redonkadonk we're, in my opinion, handsome i'm not a market, bear i'm a bull on the market, but you cannot expect what did that go from 220s to 450, like it's, a 100 move in a year and a half on the spy on the s on The on the u.s stock market has increased in value by a hundred percent in a year and a half it's going to have pulled like right. But if you look at this, like hypothetically, you put my hand up here, you take out the covet dip. I don't know how close i was andrew.

I'm sorry, i was good. I got it if you take out that kova dip like it looks kind of normal. It absolutely does it's just when you factor in the covet dip this this rebound is, and you have to factor in like it trust me, like you said it looks great without the cover dip, but it's still like that still dipped. You know what i mean like that happened, so, like don't be surprised normally, the covid was different when the market was tanking.

Small caps got wildly hot this time it might. If it i'm not saying it's going to crash like that, but i've noticed when the spy is red. Small caps are a lot slower like it used to be when the market's slow small caps are slow. Um, it's like be just be cautious, be careful, you know what i mean.

Obviously, like do your own. Do your due diligence dude, i hate when people say that on twitter hate that agreed like it's the worst, it's just it's the word. It's the terminology, that's all, but no like do just just be careful um. It's probably you know.

I don't know what the you're supposed to always be able to account for like a 10 dip in the market, so um wild times wild times for sure. Hopefully we have uh some hot hot months coming up. I think october steems i mean today was pretty slow, very slow, but who knows anything's possible? All we need is some sector momentum, real sector momentum, i'm waiting for it, man, i'm waiting for it. It'll come it'll.
Come around yeah, it was, does um yeah, so sit on your hands, stay patient. Keep your risk in check, don't feel forced to trade andrew and yeah. What cheers to the cocktail and she's got a drink of the day too. We didn't forget about it.

No, we did that what they got ta do before they make their own mojito at home, enjoy their friday nights. What what are the steps they got? Ta do before they leave this page yeah guys just uh like subscribe, comment below um. You know our goal is a hundred thousand subscribers by then this year, and so it's october, you know it's getting close and so we're trying to. Let's make it happen.

Cool, sir, and again, i'm going to keep asking this until we get a good enough vote. We we're going to need some costume ideas for small cap recap on halloween, okay. I still think garth and wayne for my wayne's world. Just drop some comments.

Yeah we'll collect them. So we'll see what happens things we can do as a duo. We got some time, but pumpkin spice is in the air everybody. It is yeah.

I'm i love holiday season. I talked. I love the holiday season. It's october, we're ready to go guys, let's uh, let's to to start the month.

This is what we're closing out on. Let's trade well small size, respect to respect risk and just go for the consistency over the gains, cheers cheers to that. I'm all out andrew andrew here's, my guy cheers my guy, everybody happy friday happy start to october, and we will see you back here next week on monday and yeah, i'm i'm excited for october. I hope you guys are too cheers to you cheers.

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

28 thoughts on “Small cap recap: focus on consistency and trading safe”
  1. Avataaar/Circle Created with python_avatars N C says:

    What are the swings TG made?

  2. Avataaar/Circle Created with python_avatars Chris Seessengood says:

    Stayed downtown "with a friend"

  3. Avataaar/Circle Created with python_avatars bennuflight says:

    Love the real talk on questionable trades and the rapid fire. Keep up guys and gals. Iโ€™m subscribing ๐Ÿ””

  4. Avataaar/Circle Created with python_avatars MickT Day Trading says:

    Thank you Matt and Bryce. Halloween, dress up as the workers in "Squid Game". One of you can wear a mask with a square on it and the other a triangle or circle. If you make a bad trade on the day, you get eliminated ๐Ÿ™‚

  5. Avataaar/Circle Created with python_avatars Bryan says:

    Ross warrior free chat , sorry mang, sorry new yorkers

  6. Avataaar/Circle Created with python_avatars The Dancing Swede says:

    Yโ€™all should be the Ambiguously Gay Duo for Halloween

  7. Avataaar/Circle Created with python_avatars Harry says:

    Just pick up the resistance and move it somewhere else!

  8. Avataaar/Circle Created with python_avatars Okie Tradez says:

    dont drink but looks tasty anyway

  9. Avataaar/Circle Created with python_avatars Chris Baez says:

    I hate when they say DD on Twitter also lmaooo

  10. Avataaar/Circle Created with python_avatars Drew Stallcop says:

    Bryce, do your due diligence, dude! ๐Ÿฅณ

  11. Avataaar/Circle Created with python_avatars Diana T. says:

    DSCR went down 98% this week!

  12. Avataaar/Circle Created with python_avatars Cmw2032 says:

    Nice recap and follow up on possible runners guys. happy Friday and proud of you Bryce!!!!

  13. Avataaar/Circle Created with python_avatars Kenneth Shillinglaw says:

    Yeah I got caught in that dump in PALT and lost $2 a share in seconds

  14. Avataaar/Circle Created with python_avatars Giant Human says:

    Costume: Men on Film from In Living Color

  15. Avataaar/Circle Created with python_avatars Brian Tidwell says:

    Rocket and a moon costume! Thank you guys for the content! Cheers to the weekendโ€™

  16. Avataaar/Circle Created with python_avatars Connie Hammond says:

    Next week: Moscow mule with a russian accent (and do a simultaneous sip with your viewers!) haha

  17. Avataaar/Circle Created with python_avatars Brandon Riso says:

    love these guys. "with a friend" riiighhhttttt AHAHA

  18. Avataaar/Circle Created with python_avatars EpScott says:

    You guys need a flippin discord or something where we could listen to you trade…live! I bet it would be comedy gold!! ๐Ÿ™‚ video would be even better.

  19. Avataaar/Circle Created with python_avatars Kandy Thomas says:

    Iโ€™m proud of myself for not trading today! Nothing set up the way I planned! If the big boys are holding back, Iโ€™m gonna hold off! ๐Ÿ˜‚

  20. Avataaar/Circle Created with python_avatars oceancaldera207 says:

    Good stuff in this video even though there was no dancing (โ˜น๏ธ). I'm seeing a lot of weak breakout attempts at open, morning dips on strong premarket charts that have very little bounce.. Not even enough for a scalp if it smells weak and a lot of them really bleed a lot before any kind of consolidation so you just don't have too many options but to watch and wait. I got smoked last couple mornings and stayed out of the AM today and I was happy that I did too. Every trade I would have taken would have been crushed. I was eyeing the IXIC starting it's morning hemorrhage and went hands off.

  21. Avataaar/Circle Created with python_avatars Robert Cameron says:

    Bryceโ€™s story is literally the plot to โ€œdude whereโ€™s my carโ€ w/ Ashton Kutcher

  22. Avataaar/Circle Created with python_avatars Jaden Sikute says:

    I see that taylormade hat matt ๐ŸคŸ

  23. Avataaar/Circle Created with python_avatars Dianah johnsen says:

    OMG, EXACTLY WHAT I NEEDED
    —————————————————————————————————————————————————————————————————————————————————————————————– i got Free Gift Cards from ๐Ÿ’œ ๐‚๐š๐ซ๐๐ ๐ž๐ง.๐๐š๐ซ ๐Ÿ’œ

  24. Avataaar/Circle Created with python_avatars Caleb Martinez says:

    not so long ago you were asking for ideas of what to talk about, maybe know what grittanny is trading and how he swings, might be a good episode.

  25. Avataaar/Circle Created with python_avatars BLACK SHADOW says:

    Yeap , im another victim of PALT and GROM… went red innthe week like 1300.00๐Ÿ˜ก๐Ÿฅบ๐Ÿ˜ญ

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

    Happy hour has started, keep up the great job & have a great weekend

  27. Avataaar/Circle Created with python_avatars Trading Without Fear says:

    Grats on your one trade Bryce, I was so worried that you where going to over trade.

  28. Avataaar/Circle Created with python_avatars Kruzzer Beats says:

    PALT got me as well small loss

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