Hello, everybody welcome back from the holiday weekend and hopefully you didn't have too much to eat. I probably gained a couple pounds myself, but i hit the gym today. Um overall, like last week, was hot um. I was basically non-existent as a trader uh took the week off, spent some time with family.

This week started off really really slow, though, and that's disappointing, because i was definitely excited watching the action. Last week going into today. I was like, let's get it uh playing my watch list. Small cap, we were active talking about the trades and none of them panned out right.

So bryce too he's not with us he's actually flying back right now, he'll be with us tomorrow. I know he'd a rough day as well um. I ended up losing roughly four thousand dollars on any gg uh, we'll pull up a chart here uh. This is a former runner.

If, let's like zoom out to like a six month, you can you. We all remember this: this was so cool. It was crazy. It was during the meme stock madness and we're like setting up for a breakout a little more backstory.

There was an offering on this day. It's kind of squeezed up i'll, probably keep watching it. Um. Looking at how this closed uh, but definitely got chopped up on it this morning, like this breakout's still intact, uh tomorrow, just might be the day on it um, but, looking at today, i was looking for it to run rip through this breakout.

I bought over the 21 high here. Spiked went to low a day by overview up here. Spikes went back to my entry uh bought here. Let it run a little bit stopped out on the scandal like just three trades.

All of them lost looking for the same thing tried three times all three didn't work, just one of them working would have resulted in a great green day. For me, so i mean all things considered. I kept my risk very well managed and i will continue to watch this tomorrow. I think it's setting up good if i pull up that five day again, uh like it's still a potential breakout like yeah, it failed today, but it came back held.

It held all the key levels from yesterday. They have that offering potential squeeze. For sure i mean we've got these key levels now. Um all the way up to 22.

22 is that last key level 21 clearly is still level as well. Definitely top watch going forward um. Hopefully we don't get that choppy action today. It wasn't trained the best volume which i think is part of the reason it failed uh, but did come back.

I do want to talk about, though, like the reality of penny stocks like look at this chart, all right: q, qlgn uh. This was a runner last week. If we pull up a six month uh, it was running with the whole lgvn. I might said that backwards, but that ticker, you all, should know it uh and today it was trying to have a first green day and it was textbook textbook.

I did not trade it very clean entry here over 230 great ramp, end of day great morning, spike on that first green day, boom midday offering went from three dollars basically to 150, hasn't bounced, probably won't bounce uh, like that's the second offering today. What was the other one bff bf gi, maybe bf bgfi, bear with me bf. Why can't? I remember it hold on we're gon na have to go in small cap here. I know everyone was talking about it.

It's gon na be way up, though, because probably as soon as it died, everyone stopped talking about it, but this was another one that had an offering today actually ended up squeezing a little bit. Man, small caps so active these days that these messages get lost so easily anyways. The point of this was just saying how like yeah, i remember what you're trading all right like this was great um, but anytime you got ta, be watching out for offering news. You always have to like these don't happen often, but when they do, it is a big problem and it kills momentum.

It kills momentum in the stock market. So what we see tomorrow, i wouldn't be surprised if it was slow like tomorrow, wednesday people are a little on edge now, because there was this midday offering and they're going to be scared. So my my plan going forward tomorrow, especially after today's just failed to follow through i'll, probably watch any gg, but like i'm going to be on edge, i'm not going to trust stocks. I'm going to be quick to take gains.

I'm going to be very tight with my risk, because, if a midday offering happens, i don't want the damage to be bad and, like i mean that dropped 50 percent like even if you were had a stop loss or expecting good, like risk management here, like there's, Probably a solid chance, you didn't get stopped out to like way down here, um and took a bigger loss than you anticipated, which no one wants right and unfortunately, that's just the reality of trading penny stocks. Specifically these biotechs, like that, was a biotech stock. So you just got to be careful. I want to shoot that warning out to everyone as we go into the last month of 2021.

Typically december is hot, and then you know january february heats up as well. So you know, i think, we've got some good things coming around the corner, but just want to remind everyone like risk management is king. You have to like make sure those losses are smaller than your gains. Otherwise, you're just not going to be able to make it like as a trader like if you have those big losses, you're going to get crushed, and it's just really not going to that's just not how trading works.

The math like, even if you boil it down to math the math, doesn't work so take that warning. Do with it what you will, but you know if anyone out there got crushed on this like share it with them. If you're worried about anyone having horrible risk management share, this with them, give us a like give us a hit that subscribe button thanks for watching everyone. I know it was a short one, but i just want to emphasize like be ready all right.

We're trading penny stocks. Why? Because the risk you know the risk is high, but the reward on penny stocks is a lot higher than trading something like apple. So that's why we're here? You just got ta, be aware of the risk and make sure you manage it. Well, so that's all i got guys thank you for watching.

I will see you tomorrow with bryce toohey cheers. 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.

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