Um yeah, just uh, don't yeah. So what you got. Two cameras is front. One yeah the front.

One is just mine, but this is the one we're using. What's going on. Everybody welcome to november 17th live trading. One second.

Thank you, sir alrighty alrighty alrighty. We are like i said we are live. My computer is bugging out right now. There we go all right.

My top watches today are i'll still be. Inpsi was a bit choppy yesterday, i'm not loving dewok. Today, spi, i like we have this gap up to be fair, though i am swinging this, so i'm just looking to add to my swing today at some point. If we can get some if we can keep showing strength, um an energy pla, this is an energy play, um that i just it's a former runner and everything um gapping up today, up 13 percent um they've got like news that they uh increased their revenue.

First, half 2021 um and i love love, love neg. Today, neg is like my top top top watch so far today, um yeah, that's basically it again. Nothing. I'm loving out of the gates, though another one of those days that i'm probably just gon na be sitting on my hands.

If i'm being completely honest with you um, you know as best as i can anyways other than to add to my spi um, give a quick look at the top percent gainers, not my computer. I need my computer's bugging out um, but yeah. No, so i i think i'll definitely keep an eye on any gg. So basically they announced an offering um of a like.

They announced news of a 300 million dollar offering got absolutely now they didn't complete the offering, but that news i mean they got soaked up. So i'm looking for that push to 20 23 today, i think that's kind of the most, in my opinion, most logical level if we pull up that daily chart um. Let me clear all this off got this 23 to 24 area resistance, um previous resistance, we'll have some struggle at 20 to 21, i'm sure, but that's what this basement plan for the day, not sure if it'll do anything right out of the gates just going to Keep an eye on volume, keep an eye on bitters, keep an eye on the entire level, 2. um and probably keep an eye on a couple others, but nothing that, like, oh, my gosh and in the meantime, what is going on.

Everybody drop a drop a good morning in the in the youtube chat for me. I'll get that up. So i can see the chat uh. I don't really trade otc, so i'm staying away from etek it'll be a fun one to watch, though for sure um orion.

I use stock straight e-trade and thinkorswim for charts for charting, so i use e-trade as my broker, though i'm gon na need to restart my computer at some point. This is brutal, see what spi can do out of the gates. This is what i'll keep after hours. On four and the market is open here we go get my other laptop ready, let's see out of the gates, we're getting a dip on spi here, uh keeping an eye on neg over like the 19 area, nothing, nothing, i'm loving for that.

Yet i'll keep like it's a 19 area. 1910 is pretty key for me, maybe for a starter, but i'm in no rush to enter anything like i said getting some dumping action there on spi a lot of selling see if spi can defend that uh 680 low. There probably take my ad over seven through that seven dollar area. That's why i'd want to be in for a day trade anyway.

If we can push through there, nothing i'm loving out of the gates, though, still nothing still no crazy, crazy action. Any gg, i'm not loving that level. Two, a lot of song at 6.99, a lot of hidden song, actually agg at 1930s spread is pretty wide, though oh, my gosh, i really don't want to chase nag spi there's the dump. I really don't want to chase this.

I'm gon na wait for some more development on it all right, someone's talking about cei. Oh man, nag! There's, it's tough, there's really not an entry spot. At this point, i'm just going to need to wait for some consolidation, i'm not going to chase it. Look at that ask there's an ask there about 70 000 shares at 19.70 um.

That might honestly, is you know as much as i'd like for it to consolidate, so i can add more size that 19 seconds that 1970 ask will kind of show me what i'm looking for. There's that ask there 70 000 shares um i'll. Take that breakthrough. In the meantime, i'm going to sip on my caffeine dewok getting a little perk there.

I've got a price alert set for uh for 62., but getting a nice little perk action there. It's getting blinded by the light magg coming back up on that 1970 area, getting taken out, oh beautiful, beautiful! I just took my long there at 1970 uh we'll see if we can keep pushing up, and ideally we can. We can keep that going for now. I really have to risk low a day, though so i'm keeping that size small, not worth.

Look at that volume that just came in there too, so much volume pushing through 20. beautiful, beautiful, beautiful, i'm looking for that 23 to 24 area, with the expectation for it to struggle probably around the 21 area. If we can keep pushing here um but again, that's it's got a little bit of time. It's pushing a lot of volume, we'll see it.

What that ends up, leading to it's struggling a lot in the 2020 area. There we go gorgeous gorgeous gorgeous gorgeous, took off a little bit there at 20 30.. Just because i had a little more size and i was comfortable with risking low a day, but this i mean this. This volume is everything i need to know for that breakout that multi-day breakout, ideally um.

So this is that multi-day breakout level most ideal scenario. What happens is we get some consolidation? We set a new low to risk off of and then keep pushing, but that volume is great um these the types of stocks i personally trade best are the like. What i've been noticing lately. Are these higher priced ones actually um? I really like stocks kind of over the five dollar area um, but yeah no we'll see if we can keep this push going and spi's recovering a little bit here as well.

Uh i'll probably look at that for, like a day trade style, entry, uh dip and rip, basically over seven dollars at seven dollars, that'll be vue up with a risk on low a day um, but again, i'm already in from the fives so i've. I will treat this a little bit differently than just a traditional day trade. If i can get an entry on it, that is all right. We're pushing we're pushing that high a day.

Can we get through 6.99? That will be where i enter is through 699 waiting for confirmation versus buying anticipation. Um, that's been big for me, especially for the gappers. I need it to confirm and i got ta keep that size. You know again, i've already like.

I said i've got the position, but i want to treat this ad, like i uh like a day trade, so i've, i'm gon na, not add massive size to this, because i would like to swing this. I do. I do think like that. I would not be surprised to see nine to ten in the next few days if it can keep the if we can keep pushing, but it's it's got.

It needs time, that's for sure any gg trying to base at the 20 area, and that would be a big confirmation for me as well, and i got that long learn spi 699 for the ad and for now risking low a day 666 for that ad um. With my plan being to i really want, i, i don't want to sell a single share of this until until eight dollar area that was uh, yesterday's prem or after hours. High was 808. um, and i think i think this again.

I i like this for the swing still, so i really want to uh to give it potential to work out. I've got relatively small size, so um, i feel comfortable in the position for sure. For now that's about all i'm seeing is spi any gg um. So i've got no plan to to trade anything else.

I'm being honest, what do i get a price there for see? I got a price, oh ppsi. What? Okay? That's interesting! Oh my gosh! Well, i don't have any of that. Unfortunately, um not in the mood to chase that, ideally it can consolidate a little bit. That's uh! That's that's crazy! Push there um any gg! Looking! Oh, my gosh that i that's looking beautiful.

That is looking gorgeous. Oh my word that that curl right there is looking great um so now what i would do, i'm not sure if i want to add through 20 50, but my risk. If, if we can break this high a day, will be 1980, so i'm basically gon na be risking a win uh as long again as so long as we can break high a day here at 2050. Looking for that 21 i'll probably be looking at 21.

Is the next area of resistance gorgeous beautiful, beautiful, beautiful, struggling a little bit with that high a day break uh i took off a little bit more um did i i don't know if i took off a little bit more, i my my e trade is being Incredibly slow today, oh no, that's why. That is why i couldn't sell anything. Oh my gosh, my e-trade is being so so slow. I'm trying to cancel this order to sound.

I i literally can't this is this is ridiculous that sucks that really sucks? Are you kidding me right now, that's brutal! That is brutal. I can't sell anything. I'm gon na try to sell for my phone. I guess i tried to take more off at 20.

80. spi pushing 750 really nice, oh my god, any gg that kills me. I i'm a little fr, i'm a little flustered right now, but whatever it's part of trading uh didn't break my risk level, though, like i said, if it breaks out, i'm gon na be risking 1980., didn't reach that by any means so, okay. Well, i got off a thousand there at 20 uh 41 yeah.

Oh, that's so annoying, but again guys a good lesson. I guess part of trading is like you have to deal with some of these issues. Sometimes like it's it's part of trading. You know what i mean like you're going: your broker is not perfect.

Um broker is certainly not perfect. No one's broker is there's no such thing as a perfect broker. Um so part of the game see if we can keep pushing on spi um got that we're getting 740 right now. What a weird one, i'm actually kind of surprised it broke out, actually i'll keep an eye on ppsi here, um i'd like for it to set another low to risk off of then i'll, say ideal world, but we'll see if i can do that um, ideally again, Just like a low in this area, some or just some consolidation, even um, that's 880 area, pretty pretty key.

Looking intraday breakout, any g is still looking nice. So far, honestly, at this point, if we dip under this, like 20 low i'll, probably take off the rest of it just because again, if we had that high a day break uh, i would have wanted to see some more strength through that, but all right ppsi Trying to set a new low here, spi failed that high a day break. It's all good uh, give it giving it some more time again. I really want to uh i'm gon na make it a gold mine to try to hold this entire thing until eight uh and i'll set.

My stop for the intraday position that i took at 666.. Okay, i've got a 6.10 average right now, so i'm comfortable riding that, obviously for whatever position. You're in manage your risk. Accordingly, um meg, don't love that i don't love it.

The spread is wide. You know we're we're dealing with like a 30 cent spread right. Now too, though so ppsi curling back around here, um i'll, consider a position now there through that high a day area. What is it? Eight? 75.

It's a 880 ish, it's 78, maybe pretty wide spread on ppsi too um. This one is this: one: just is a shenanigan puller or it just kind of. Does these really weird moves? Oh beautiful beautiful recovery there off that dip on spi and as it so has it that dip held v-wop as well. All right, i'm cutting my neg.

Ah bummer, yeah, 1980 phil. It's all right, um cut my nag as we just dipped below there. All good. Still up about 2 000 to start the day, locked in up about seven or eight grand on spi, um and yeah, let's keep an eye on ppsi.

Definitely i'm liking this a lot for, like a day, trade um, any gg dumping down near 19, now spi man that looks good. I like that, especially that v wob that v hold on that dip. That wick, i love those wicks in terms of like holding support. Uh holding holding it not to say vue op is like a key level, but it's an indicator.

A lot of traders are looking at right now so, like you have to you, know, roll and talk about this on a recent, steady trade interview and it's like you have to adapt to the market, you really do and the market has changed. Fundamentally, you know, since when traders like me, matt and roland started trading, whereas now we have so much more volatility that it really matters. You know what newer traders are looking at and b is a very very i mean vue up has always been important. I won't try to make it seem like it hasn't been, but oh there we go spi breaking high a day.

Can we push through 750 um? No, it's you have to just pay attention to what other traders are paying attention to now, because you know you're, following the volatility ppsi took long, there got failed at 8.75, see if we can keep pushing there i'll, be risking that last low 840s really really wide Spread on this one, not not as tight anymore, but all right, i actually did just take off a little bit. Uh spi there at uh, seven uh. I don't know what i got filled at 778. No, no! That's ppsi! Oh yeah! That's 878! On ppsi pbsi! Looking pretty weak right now honestly see uh again, my e-trade is being slow, probably 747 ish on spi beautiful spi.

Oh, my gosh, oh my goodness, 770. see if we can hold that up see if we can sustain that, let's take off a little more here at 760. yep glad i took some off there. You know what i'm all out right there.

That was a pretty pretty mean rejection candle um closed out my swing there from like 5 40.; no complaints, no complaints. I am officially all out of spi locked in about eight grand on that one overall up about, i think about 9 500 today um cutting ppsi. It's kind of found this high day break for now. I see this one being a real pain in the ass.

Am i allowed to say that sorry, a few any of you were offended by that i did not mean to swear. Trt is a weird one. I was kind of watching it this morning, but i didn't see an entry on it. Just ripped um turn off extended hours, quick this yeah, just like it's just gone like straight up um.

I was in for a little bit yesterday from 7 like 40, or something like that all right. Well, i'm out i'm out of all my trades um. So let's go over some questions, both in the youtube and small cap rockets. Um.

Sorry some questions papa john good work. Man papa john, was swinging trt from yesterday, that was a nice trade trt same sector as ahr good to know. Uh. Let's see, let's see over some questions, both in the youtube and oh my gosh, well dallas b.

I actually made nine grand on spi so, but no, i guess, i'm losing my money literally went up 70 cents a share from my intraday, i'm sure you're kidding me uh. Let's see why didn't you trade ppsi? I did trade ppsi, oh good question. What did you do to help you improve after becoming consistently profitable refining is a huge part of of the your trading process like you're gon na when you become consistently profitable off of one or two or three strategies, setups patterns, um, a really important thing is learning How to refine your strategy, and so to do that it just really comes down to journaling um. What are you doing well with your strategy? What are you not doing? Well, how can you improve uh? That's that's been uh, that's been a big part for me in terms of like improving since becoming profitable.

9K is a week tell that to the average working american. I also lose that money, though you know i mean like though that's those are losses i take like. I know the numbers are like for for me they're, you know. No, i'm not saying like a nice.

A 10k day is like nice, like it's really nice, but you got to remember too, like with bigger numbers. Anyone posting a bigger p, l um. They go through big losses too. So, like you remember, there's there's two ends of the spectrum, like it's part of the game, um.

What are you looking for for swing? So i don't swing a lot um, but i'm trying to get better with it. For me, what i looked at on something like spi, the sector energy sector is getting hot um and again, i'm still looking for that chart development. Similarly, like i would with an intraday setup, but i also want to make sure that, like i want to make sure hot sector news um and the biggest thing, i still need that setup. I still need that range break.

For me, um, oh dallas. I love you. You're funny: okay, okay, it's hard man. There are so many trolls out there, like probably the best way is just like not respond, but i like getting triggered um.

Let's see tell holt, i said, hi spencer, let's see any other questions guys, let's see, what are you doing right now to improve your trading or improve your overall life? Oh improve your overall life. That's cool too um. Let's see improve, as i said, to improve my trading, i'm just looking to refine my strategy, eventually i'd like to start adding some setups like new setups into my arsenal, um. But you know it's it's not something that i'm like overly focused on yet by any means.

Like in terms of trying to really add because, as long as this volatility is here, these setups will likely continue to keep working. What i'm more so looking at doing to improve is see how i can refine what i'm currently doing well, like i had already said in terms of improving my life, really just trying to do things that make me happy. You know what i mean like that's that's! It's so easy to get caught up in the screens to get caught up in the money, and for me, i just want to like have a good life outside of trading outside of the money uh being with people that make me happy um doing activities that make Me happy um for me that just means like being with family being with friends, traveling stuff, like that, how often do you trade live and what is the quest to join live? So i trade i mean we, we go. We right now we're going live every morning.

Um eventually, this will not be on youtube anymore, we're uh, probably going to add it to just small cap. We actually know we are going to add it for just small cap rockets members, but for the time being, trading live on youtube every morning and i think we're gon na look to implement uh that live trading still every morning again. Just for small cap rockets um and the like again to follow up with that to follow up on that small cab rockets is where we go over. All of our trade plans, all of our justifications for taking trades strategy sessions.

So, if you're looking to like, learn a long bias, setup or long bias setups, because you know we all trade differently me matt and john pop, but we all have different setups um. If you're struggling check out small cap rockets, have you ever tried taking a dip in a cold tub to clear your mind before trading, you know what no, i cannot say. I've done that before trading but fun fact. I love hot tubs and cold tubs.

I love water. Like it's my favorite thing. It really is um. So there's this, if you guys don't know, i love colorado and there's this spa out in colorado that has a hot tub cold tub mix.

I was in my element i was i was in. I was living my best life um, hey orlando, be careful we're not hitting the like button just yet. We will soon um after finding your setup. Do you usually add more shares? Okay, so do you size up yeah? The goal is always to be sizing up.

Uh goev people are talking about goev. What's going on here: oh nice, nice, nice little entry spot there in the 1170s um but yeah. No, the goal is to always be adding size. As that setup gets refined.

Let's see, let's see, let's see you started off doing otc's what made you change. Here's the deal when i i really only traded otcs like january and february when the market was, it was like almost it felt like free money at times, um in the otc market. Now it's got a little harder. I i just don't have the patience like if the otc market gets stupid, hot, again, yeah i'll trade him again, but like it.

For now, i don't see that stupid hot otc market. Are you working on any side projects outside of trading? Yes, i am, but i'm gon na keep those private um. What was your starting buying power in the beginning, your trading days that helped you to take off so actually, interestingly enough guys, i started off with like a very small account like as as most you know, traders i know, did um, but the big thing is like. I started off with a cash account, so i didn't need to worry about not being able to have a day trade um.

I really it was more so like i was taking very, very, very small position sizes because i was using a cash count. So if i had like a five thousand dollar account at the time, i'd split it up: twenty five hundred dollars monday twenty five hundred dollars tuesday and then basically like i'd, be able to take five 500 capital position, trades um. No, my cousin played at osu um. I'm not from oregon i'm from upstate new york.

Do you use any scanner yeah i use stock straight for my scanners. Um all right, guys, also now's the time i'm going to say to hit the like button. If you haven't already, we got a lot of people watching um hit that like button for me, if i, if this is helping you in any way, if it's not helping, i guess don't hit the like button, but i don't see how free q a doesn't help. Uh were ppsi and neg spiking relatively well in the open on low blind, because all the shorts were on rivn and lucid.

No, no again, it's it's just that, like any gg had a nice multi-day breakout, um ppsi, this is so here's the thing guys. Consol consolidation leads out, leads to either breakouts or breakdowns um and when it does early shorts start to cover early long start to buy in, and then it starts kind of determining a direction based off that multi-day trend did sticking to two dollar risk ever prevent you From taking otherwise great setups like your ideal entry and stop we're still too far, no no it's it's risk management like risk management should never hold you back from taking a trade. It might hold you back from taking size, but it'll never hold you back from taking a trade. What is your biggest mistake, you're, currently working on selling too early? That's why i generally like to scale out now and that's how i'm working on it.

Have you ever blown up and started back from almost zero? I've never completely blown up an account, but i did go through periods where i you know i basically, if i had there were times i had a ten thousand dollar account and drew that down to like uh. Probably six thousand bucks lost, like 40 percent of the accountant, had to work on like scaling back and then i take money out of the account, so i never complete. Actually, no, you know what there is. There was a 2 000 account.

I blew up right out of the gates. Yes, no, i say that how often and when do you monitor small cap rocks almost all day, i'm in here almost all day talking sometimes just like you know, i won't say it but shooting the the the word. I won't say it on youtube, but like sometimes just talking, if there's nothing going on teaching about some trades, i had already taken et cetera, et cetera, but i'm here almost all day. What would you suggest to improve entries um if you're work, if you're trying to work on improving entries, find out you? I mean it's tough, because every difference i can't there's no one way to answer that, because there are so many different strategies, um, so many different setups that, like if you're working on improving dip buying, maybe level two.

I i would say for me the biggest thing that helped me improve. My entries was learning how to read level two um understanding how like how that can help in terms of confirmation that was big for me. Was your favorite large, mid cap, long setup consolidation breaks? Did you ever have a bag holding problem not really? No, because i was always under the impression like i i have bag held before, but with such small size it was like whatever um and then i'll just cut it. Here's the deal like i am always under the impression that any stock any given stock i'm in, can go to zero um, like i get scared being oversized in an intraday long setup like what happens if a news pending what happens if there's a news pending halt, I'm screwed, if i'm oversized, i'm screwed scsn or whatever it was.

I see an s. I don't remember which one it was whatever tigger. It was dropped. 90 percent out of that halt.

If you were long, you lost 90 of your money so, like i i'm just so fearful that i'm gon na lose it all that i i'm like i'm gon na respect my risk at all times and that's even worse, with bag holding. You know what i mean, so that's how i look at it improving exits, i'm still working on that. For me, the biggest thing i'm working on improving is like scaling out of a position. Let's begin, i think every trader should have level two yeah.

What your favorite things to do is strengthen the mind for trading and life. Uh push your comfort levels honestly. Push your comfort levels like whether in do you have to take that like that will mean something different to everybody, but push your comfort levels when you first start trading. What helps you recognize, setups or certain patterns screen time, just looking at charts, looking at charts, looking at charts like all day long, do you put together your daily watch list, uh checking the top percent gainers the day before? What percent of your portfolio do you, trade? With i mean there are days i have my entire poor, like i, i have my entire all.

My cash used up um some days like some days. I've got five percent of it used um, it's different for everyone, i'm okay, good good point like i'll i'll, take i'll take a lot of size. If i know it's supposed to be a quick trade, but i would never hold that you know what i mean like. I can't hold that for days.

Nope, i don't trade options. Did you in the beginning use a lot of help of matt or their mentor? No because here's the deal matt and i struggled together like matt matt and i matt - became profitable - probably like not quite a year before me um, but you know within within a year before me, so i matt and i like we were unprofitable together for a long Time, um trying to learn stuff like and honestly matt and i had very different setups, very different strategies that we were working on. So there was only so much you could really do in a case like that. You know what i'm saying um, and would you say it is crucial to have one that checks your trades in the beginning.

I do think having a mentor is very important, though one that resembles the trading style you're looking to learn, because they will. They will tell you when you're wrong, like what like what you're doing wrong. I do think it's important to have someone to help you help guide you um in terms of the mistakes you're making, so you can help you'll you'll learn the mistakes on your own right. Like if you're dedicated enough to learning this, like, you will learn the mistakes on your own, it's learning them early that that's where the mentor comes in learning them early and like really just speeding up that learning curve was the first realization you came to after tracking Yourself, first few months, um that i would let my win, i would cut my winners faster than i'd cut my losers and i cut my losers, quick yeah.

I look. I draw a trendline on basically every trade with regard to risk management. It's advised to recently one percent of your account. Does that mean one percent of the size you're taking that so again, this is relative to like how people say that, but generally they're talking about one percent of your entire account max.

Would you consider a small account challenge? No all right, guys, uh we're like you know what 45 minutes into this or something like that. I don't even know um, so i'm going to get i'm going to get heading on out of here um. But if guys like, i said please, if you um - oh my god yeah, is it seven? That's crazy! Um, if you guys like this like, if this helps you in any way, even just gives you something like some even just the q, a part of it really um be sure to hit that like button, if you guys aren't, subscribed, be sure to subscribe and again Thank you guys for all the all the feedback we're getting here, um in the in the chat. All these questions, oh one, one last question and uh from the small cap rockets chat that i'll talk about in here best resource for learning level.

Two is really just to watch it yourself, um watch it record it re-watch it at key levels: um anyways guys. Yes, this uh! This is going to conclude today's live trading. It is wednesday so i'll be back here tomorrow, for you guys and i'll say it every day, because if you enjoy this like this is what we're doing all day in small cap rockets. Um so tell if you want to check out that trial, we'll have it in the description when the video is posted and yeah guys.

Thank you so much for watching. Thank you for being a part of this and thank you for participating in the comment section.