What's up everybody trader bryce here, welcome to small cap recap: uh! It's midday right now. I actually have to get going to my workout in a few minutes and i'm not coming back in afterwards. So i figured we'd do like a midday. That's probably what most wednesdays are gon na look like now, uh, just because i do have those steady trade team webinars, but i want to make sure i'm getting these recaps out for you guys in today's.

I think this would be pretty cool. It's something. I've been practicing, somebody talked about on the tui talk show last week actually, and i think i think it's just a great lesson great way for me to improve my trading and we're seeing it in small cap rockets. Uh this week has been pretty good week.

Some really solid, uh trade's been dialing back the number of trades. I've been taking really focusing heavily on the quality, but on top of that um. Well, i'm not going to spoil it away. I'm actually going to show you a pretty specific trade example, and i'm still in it right now, and it just you'll kind of see the the power uh that that this has so anyways, though uh really nice action today across the board.

Nothing wildly crazy. We did have a pretty nice drct gap um. I think it was up over a hundred percent after it hit that 550 high day. Now it's just grinding back, though we see this big long-term dipping rib.

This probably would have been a solid entry in here. However, i wasn't really looking at it: let's get vue up up um, i just haven't been a fan of trading day, one gappers lately, but if we keep seeing action like this, i mean that's, that's pretty solid uh, also till ray leading the weed sector. Still, in my opinion, let's take a look at that daily chart. You see this is a really nice intraday.

I actually have a swing on this from yesterday that i pretty small size but might add into it today. Uh just need it to keep establishing risk levels. Setting zone or setting levels on the daily chart, but this is just yeah. This is nice, so there's the uh uh.

I think congress or something i should know this, but there's uh some big votes going on for federal legalization of marijuana, as there is just about every year uh - and i expect this to be a um, probably a multi-multi-week process, unless they, of course like decide to Pass it this week, i think the vote is actually on friday. Um, my buddy jay bones in chat was actually talking about it because someone asked uh. When is the vote? J-Bone says 1pm eastern the house uh. It goes straight to the senate, but they can take a while uh biden says he would veto so then it would go back to the senate again and they would have to vote to overturn his veto process could take weeks, and he brings up a good point That means there's a lot of room for chart development um, which would be great because i i personally would love to see these weed names basically hold these perks, that they're showing.

Let's, let's look at like a you know, a five-year chart for your chart of tilray right. We had this insane run. This was oh man, i remember this like it was yesterday uh. This was essentially my first full year of being in the market and watching this insane run right.

This was after bitcoin, uh bitcoin was end of 2017 and going into the end of 2018, we had some insane weed moves: kron, tilray, um man. I need to go through my list, but essentially now they're wildly beat down right till ray almost hitting uh. It did hit 300. I believe i believe the high might have been exactly 300 uh.

Now i'm curious. So let's go ch. Did i zoom in too far? Let's see high 300 exactly um, and you know now we're super super beaten down uh down at eight dollars a share more or less, but i really want to see these perks that are coming off of all-time lows hold and if they can hold, i think we Have some really crazy runs setting up again? They are super beaten down, so i'm not expecting any of these names, unless maybe some otcs. If we get otc momentum, i'm not expecting any of them to go to all-time highs, but i mean, even if like something like, tilray could get 30 40.

Maybe a breakout over the 67 level um, definitely on real potential. That was almost a year ago during that, of course, market madness um, but you know we got 420 coming up. We have this vote coming up again. The longer it takes the better, in my opinion, so definitely keep that weed sector on watch uh.

Today i took i got to get these other these others up. I took four trades so far today and let me get the last one um so far. I am technically speaking, uh one for three, although that one trade was a nice winner, but i'm in a fourth right now, and that is looking like a really nice winner, so i'm gon na get to that one last, because it's what i was working on so Igms i was looking at for a day two move uh. We had a really nice run yesterday.

As you can see, we had this really nice push from essentially twenty dollars. Up to thirty six uh now consolidating, i was hoping for a day to move. However, that being said, uh so far, not getting it. Hopefully, maybe we can consolidate all day third day surge.

The third day surges are back, but i did take this loss here, so i saw this break of support, instant, reclaim to this trend break and i took the 2880 uh did not, unfortunately, just didn't get that follow through, like i was hoping for for a high A day push and did end up cutting on this candle um, but fortunately i did only have about half size. I, for my rule for day twos uh. That is something i've been setting in. Is that i'm starting into those positions with half size every time because they aren't the uh? They don't have a wildly high win percentage.

However, they do have a very high um risk reward potential when they work. So i start in um at a good price and then, if it had broken high and consolidated, i would have added to that. So it wasn't a big loss by any means. Uh ispo.

I did take a full size loss on because so isig was running and isig and ispo uh ran together and i was actually just kind of gauging ispo's strength on isig, which did follow through really well. I that should have been the one i took. I guess, but i liked ispo a lot i liked that daily chart. It did run yesterday again a day two potential, so i went.

I did actually go in full size right here in the 920s uh and did cut right here at 909. I'm fine with that. It actually still looks really nice. This is a probably pretty good end of day watch, however, that risk is going to be pretty wide, so definitely something i'll keep an eye on after i get back from my workout, but nothing that i feel as though i need to trade.

My best trade of the day so far was neg absolutely gorgeous. We had a third day surge move on this, and this is something i've been noticing for these third day surge moves is that a lot of them are not actually breaking out of that first day. However, when they set up intraday in the morning, they do offer some really nice pushes. I haven't, seen a really nice third day surge breakout in quite some time, even tilray.

I want to say yesterday technically broke out yeah, so it technically broke out. But as you see that volume didn't come in and it was just a barely a few cents, it broke out. Uh i mean literally a few cents. 871 was the high there.

866 was the high the day before again, though, offered still offered some nice range for a scalp. Let's get into that neg trade, real quick, i actually recapped. This live on the stocks trade instagram page. If you want to check that out, i was going through as it developed, so i got in here 696 added again through seven dollars and i was risking low a day.

I had a 698 average, so i was risking about 20 cents and i got my first exit at uh, 750, no 762, 763 and then my second exit in the 780s uh. All together, i got a four to one risk: reward trade on that gorgeous trade. Really easy nice one of my favorite setups. Now, though, frge is the one i'm currently in it's very low volume.

So far, so i'm not able to use, unfortunately, a ton of size beautiful. We are breaking out as we speak, and this is the one where i wanted to essentially talk about something. I've been working on in my trading as i've been dialing back my trades and really trying to work on refining, getting better risk reward. On my on my trades, there we go, that is, oh man, so i'm currently riding this from a 2340 average um and i do have some sell orders and i'm sure a little.

A couple of them just went off here because i had some in the 24 70s beautiful. Only like a fourth of my position, though so we, oh man, just trying to sell into this into this resistance. Ideally, we get a 26 or a 27 breakout today. That would be really nice, but the volume is still very low anyways.

Let's look at the entries kinda and talk about what i'm going for on these uh and i do need to get out. So i can get my my sell orders in uh. I was going for a high day break here, really just easy, simple consolidation on low volume holding up really well. So i took my first entry here at 22.62 through this high day break, not a fan of that pullback.

I wish we were getting more volume and then i wrote it all the way up into here, and i then let it set a new base and what i talked about on the tui talk show is essentially pyramiding into positions building into positions. Moving up that risk level and what that is going to do is allow me to find a new risk level build more size with the same dollar risk. However, i now have more size, so every single penny we move up or dollar whatever the case it is every increment we move up. That reward is bigger, the risk is the same.

The dollar risk is the same because i'm adjusting risk levels and again this generally, is for a bigger. This is not going to be for a scalp, i'm not going to do this for scalp, because i i scalp i'm going to probably keep the same risk level. Any gg, even when i added i just had half size here, because i knew i was early and then once we held that view op there i knew i was ready for you know my normal risk on some frge. We have such a nice multi-day development going that i felt it was uh appropriate.

You know we set a new low overview. Op still bullish multi-day chart bullish right. We have a really nice multi-day breakout setting up, and so what i did here is i added into this candle right here into these candles, as we broke over this 23 80s 23 90 level, and i actually outlined this uh in small cap rockets uh. My plan to essentially adjust my risk level.

I wasn't able i was hoping right. We could just get this breakout, this little mini micro consolidation, and let me put this under one minute: there we go uh. I was hoping that i could actually just use this 2340 level as a risk and then add into here, but i was not able to do that so. My average now is actually 23.40 risking 23.20, so i have a 20 risk and i'm up a dollar and 30 cents on it.

I'm actually up that'd be about five five and a half to one um. On my trade right now i did exit a little bit. So i don't know what my new average is, but you get the point right i am now able to. Instead of being instead of risking, i was originally risking this 2160 level and i had a 2260 average.

I was risking a dollar a share by building into a position by starting in small building in getting a new risk level. I'm able to keep that dollar risk the same and i'm now getting way more out of the trade uh, and this is again still low volume, but i like that daily chart a lot, and these are the ones i'm working on building into positions. Looking for that 26 uh plus breakout, if this works, you know it could literally be for this risk level, a 10 to 1 15 to 1 trade. Now, that's assuming i don't find a new risk level and keep building in, but that is how there we go.

Look at that - oh beautiful, beautiful, i'm gon na have to get off here, so i can uh go sell some more. This is just a gorgeous trade, though, and again now, i'm up whatever it is six or seven to one to that risk, and that's what i really want. Today's focus to be about is learning how to essentially um maximize risk reward, and that's again, you've probably noticed. I talk, even even if you're watching the stocks trade instagram, i've been talking a lot more about risk reward on my trades uh, the other day it was, i think it was frg.

I think it was actually frge. It was um hit it for a really nice. 5-1 risk reward, uh did the same thing on it. This was more of a scalp to be completely fair.

Let's go back to that day right here, even though it was more of a scalp, it did set in a new risk level, which i was able to uh move up risk on, so i ended up buying in i want to say i was around this 18 Level and then i was now able to risk this 1830 level with an 18 average that allowed me to add more size, and i got off into the uh 20 push this. I actually got a selloff here in the 2050s. I think 2060s. So same thing.

I got a really nice five to one there now. Oh, i don't even know i don't even know what the risk reward is that i'm up at this point, but there's that 26 dollar all-time high breakout, still volume still low. I want volume to come in, i'm gon na go sell some here, but you get the point: building into positions having a bigger picture plan allowing you to essentially just get that risk reward higher your win rate will likely drop because as risk reward increases win rate Generally drops, however, if, if done correctly, you can still keep this is gorgeous, i'm stoked all right, i'm hopping off to go, sell you get the point guys um. The last thing before i leave i want to note guys today is the launch of the nft tim sykes nft collection.

There is a webinar at 8pm eastern uh that you should be at absolutely. The link is going to be down in the description below you're, going to be learning how to trade nfts and you're just going to be learning more about them. Tim sykes is a very special guest coming on to talk about that. A successful nft trader and a successful nft creator too.

So this is a really great webinar. You do not want to miss it. Let me know down in the comments below, if you're going to be on that webinar and let me know what you think about essentially building into positions. You know pyramiding into positions, building in getting a higher risk reward, uh and just essentially maximizing every trade, and i hope you guys are doing the same and again last thing i'll mention too uh, don't forget about it.

Keep these weed names on watch. Let's see how this all develops and really exciting uh stuff going on guys really excited anyways. I have to dip out of here. I oh crap, i'm really late for my workout anyways, all right guys.

Catch you on friday for the small cap recap till then 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 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.