Matt Monaco is BACK in the studio 🙌 ... And he's excited about the NFT sector momentum. What are NFTs and how are they starting to heat up the market? Tune in as Matt offers all the deets and covers charts on $TKAT, $YVR, $CWRK, $PONGF, and $RGC.
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#StockMarket #NFTs #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.
🚨Follow your Small Cap Recap hosts on Twitter:
🔵 Matthew Monaco: https://twitter.com/mono_trader
🔵 Bryce Tuohey: https://twitter.com/TraderBryce
⚠️ (**Results not typical or guaranteed. Past performance is not indicative of future returns and financial investing is inherently risky.)
👉Check out Bryce Tuohey's trades on Profit.ly: https://profit.ly/user/brycetuohey
👉Check out Matt Monaco's trades on Profit.ly: https://profit.ly/user/Mono_trader "
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🔴 Ready to learn more? Check out the SteadyTrade Team: https://stockstotrade.info/2WqYJsx
🔴 Try StocksToTrade for $7: https://stockstotrade.info/3muvBff
🚀 Check out Small Cap Rockets: https://stockstotrade.info/3zjH1pG
📲 Download the STT app for iOS: https://apps.apple.com/us/app/stockstotrade-mobile/id1403963724
📲 Download the STT app for Android: https://play.google.com/store/apps/details?id=com.stockstotrade
🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
👉Share this video with a fellow Trader: https://youtu.be/u1bSTZ7kIls
✅ Links we mention and recommend:
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🔴Get our FREE weekly watchlist here: https://stockstotrade.info/3mzf4qs
🔴Traders Blueprint Free Guide: https://stockstotrade.info/3Dj872v
🔴Check out the SteadyTrade Podcast: https://steadytrade.com
🔴FREE StocksToTrade Market Grind: https://lp.stockstotrade.com/market-grind/
✅ Recommended playlists:
🔴 Day Trading 101: https://stockstotrade.info/DT101P
🔴 SteadyTrade Podcast: https://stockstotrade.info/STPP
🔴 T.W.I.S.T: https://stockstotrade.info/TWISTP
🔴 PreMarket Prep: https://stockstotrade.info/PMPP
🔴 SteadyTrade Treats: https://stockstotrade.info/treatsP
🔴 Minute Tip Monday: https://stockstotrade.info/mtmP
🔴 Small Cap Recap: https://stockstotrade.info/recapP
#StockMarket #NFTs #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.
Welcome back everybody to small cap recap: it's been a while, but i am back i'm here in the studio and i'm ready to get down to business um i missed you know. Roughly the last month in the studio market was a little slow. You got a lot of bryce tui, but i'm back and like i said, i'm ready for business so today the actually heated up - and i want to talk about nfts and the marketplace over there specifically for stocks, though, and what it means we have not seen sector Momentum in quite some time, um we saw it roughly in bitcoin at the beginning of the year in bitcoin related stocks, we had the huge otc weed run, jack kellogg killed it, but today we saw the start of what i think is the nft kind of sector Momentum, there are some nft stocks, um still looking for others. You know if you've got a favorite, nft stock, make sure you leave a comment below um and we'll see what happens, but basically the nft market is going bananas for those of you who don't know.
Nft stands for non-fungible token um. I guess for the cynics out there. It's basically a jpeg, an image that you can buy on the internet and then trade think of it like pokemon cards like trading cards, they're super valuable uh based on their rarity, based on how much people want them. You know pokemon cards go for what a charizard is like 350 000 and then obviously, some of the best sports cars in history have gone for millions same kind of idea except online, and there are some companies that have put out prs that are related to nfts.
That are starting to run um and that's very exciting, because that could be the start of first of all sector momentum, but also it just heats up the market when stuff's running it's very excited, uh, very exciting and people start to talk about and get excited about. The market again so i'm gon na go over the main one um, which is tcat. So let's pull up the charts here and then we can talk about the other, crazy runners of the day, um so tcat. This is actually a former runner.
It ran earlier this year when the whole bitcoin craze started gone because nfts are related to bitcoin, has gotten beaten down and yesterday, when it started to run for those in small cab rockets. I asked around, i was trying to find other nft related plays and it was tough because this one faded off um and it really just didn't, look like we were going to have much follow through but stay despite the gap down it grinded back and actually just Squeezed huge and is now holding up very very well from what i can tell this one. I would definitely consider the leader there are some others like yvr that um, you know, haven't really gotten momentum, yet maybe they will maybe they won't. But typically, what you see with sector momentum is there's one leader and then a bunch of laggers and when the leader gets killed, um or the leader stops running all the others get crushed.
So it's definitely uh something you don't want to chase some otcs like cwrk. This is one as well also at not much momentum yet, but it is something i will monitor going forward. We have pong f, which is atari they've, put out news um in the past, about nfts back here, uh when they were running pretty far and has gotten beaten down and is trying to perk up near 50 cents, um yeah, but tcat's. Definitely our leader. It's got room to run. The flow, i'm pretty sure is relatively low. If we pull up the total view, 5 million float, this could be fun, it could, and you know it could lead to absolutely nothing, but for those of you who watch nfts watch crypto, like you see these there's rocks apes penguins. I had a penguin for a little bit: punks they're selling for millions of dollars.
It's it's insanity to the outside world, it's absolutely insane, but for us stock traders we see it as opportunity. So when you see some hype like that across social media, a lot of people start talking about it, you know you're in the right circles, you hear about it for other people. You know, typically, if you're in too early, like you're, going to get stopped out. It's about timing right and training's about timing.
That's the most difficult part of all this, but nfts based on tcat are starting to run so something i will continue to monitor. Just a little golden nugget for everyone and it'd be really cool to keep talking about sector momentum. If this continues to play out um the other one i want to talk about is rgc, which funny enough, i thought was regal cinemas based on thinkorswim um. But it's not it's actually a biotech company, but this is a monster monster squeeze from like six dollars.
Today it hit a high of 59, which is nuts um, so we pull up a five-day chart. Let's look at it. I was trying to play this with bryce tui yesterday for, like you know what we talked about all the time here, which is a third day surge setup and just got this initial spike and then got crushed and then really nothing else happen until after hours um. You know, i don't believe there was news on this one because i didn't see any so.
This makes me believe this is what um it's called t, plus two trade plus two um, like a short squeeze on a t, plus two trade meaning shorts, if broker. If the broker you're shorting with cannot find shares on the day, you took the trade plus two days, they force you to cover um and that's the time frame so based on how this chart played out. This is like a t plus two example, which is also kind of a reason uh. The third day surge pattern works so well because it lines up with the third day after the run, but this one held till after hours started running again squeezed up uh.
I was watching it and just this gap down scared me out, and then it just ripped like the last 15 minutes before market opened at this point. Trades like this, since it's such a low flow. What's a 2 million float, 2.3 million float they're very, very difficult to trade. You have to train with small size. You have to use wide risk they're very, very choppy, but like risk reward, if you can do that, you can sit through the chop. You establish a very clear risk level you can make. You know on this. One from the breakout to the highs was 25 a share and you could have risked like five bucks.
A share. That's five to one risk reward uh. It definitely would have worked out. It would have worked pretty well um, it's all about the ratios, but obviously the risk five dollars share.
You had to use a lot smaller size really awesome to see some momentum run back in the market. See this running. I don't know if anything else is going to follow with rgc. You know not speculating, but summer is coming to an end.
Kids are back in school, parents are back at work, we could have some fun here. Typically august is slow september slowly starts to heat up, but you know it's totally dependent on the market. We have more day traders than ever before. So those of you who have watched this far have listened to me ramble you're in better position than most because you're at least putting the time into study.
So that's really all we got rgc was the craziest one of the day and obviously i'm watching all these nft possible sector momentum, um and, like i said, comment any nft stocks or nft watch lists in the description below share it with the community um and, let's See if we have some sector momentum into the end of the week, but that's all really all i got today so if you're new like subscribe, we really appreciate it we're trying to get 100 000 subscribers here, and it would be very helpful if everyone watching the Small cap recap would help a brother out and just hit that subscribe button, but that's all i got today i'll see you all tomorrow with hopefully some good news about the sector momentum. I hope you all enjoyed that video thanks for watching the whole thing and being part of the stock straight 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.
It's going to be a weird day when the STT YouTube channel hits 100k… I feel like I've been here since 12k… but I also can't exactly remember… 🤔
(It's been a long time lmao)
GUYS ANY PLATFORM FOR DEMO TRADING OTC STONKS THAT NOT REQUIRED DEPOSIT …TKS
thank you Matt
We need the team back together as a unit! 💪
I notice. U guys never do a video when the markets downs
Thanks Matt! Waiting for more Videos educating about NFTs!
Took the day off, was waiting for my account to be reactivated. I was watching RGC and TKAT.
Welcome all to my channel📈
It's sooo much like Pokemon cards!!! My precious Charizard has been gone for too long!!!!
Good job Matt!
Nice to see you back Matt. Now we need the duo together again.
What a great video Matt
Ya’ll should help a brother out and show your process on trading actual NFTs. That’d be sick 👊
Where’s your dance moves bro?
OCG is another NFT stock
Thanks Matt
When are you covering GRNBF trading ar 1/4 its nav
small win on RGC today, what a rocket!
Thanks Matt, great lesson
You looking at FNKO?
Finally….MATT.
Got in @ 20.68 on RGC sold at 24, previous high. Scalped 3 more and walked. Did not want to overstay my welcome today. However, mid day did create some FOMO but didn't get back in. Thanks for explaining NFT stocks today!!
TKAT, CWRK, Pongf
Awesome
Thanks Matt! Take a look at $PLBY
Thank you Matt!!!
Thanks Matt!
Matt is back!
Thank you, Matt. You clarified this NFT stuff for me.
Dlpn?
Edit: maybe break over ~13.5
Thanks – Good Info!
TKAT was my only trade today. Hit my small daily goal.
Oops, commented before I watched you mention TKAT
Thank you Matt
he is back!