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What's up, what's up, what's up everybody trader bryce in the building, if you're watching on youtube drop a good morning, if you're watching small chat, small cap watch it good morning sup what up what up there we go there we go tui time. What's going on everybody i'll get my watches up in just a second, for you guys all righty so guys, my top watches for the day, um lgvn, obviously i'll. Keep that an eye on that for a day too uh. So you can get some continuation there.
Gtech top percent gainer, probably gon na, have a lot of people chasing that. Hopefully it's the next lgbn, probably gon na need some time to develop. Realistically, um fun is showing some signs of life pre-market dewox, showing some signs life pre-market, hoping today's the day for dewok um. It really again, i think 62 is gon na, be a pretty key level if we can break and hold over that for the day.
I definitely think we've got some pretty crazy potential uh. I do like this. This gap up look on low volume so far um grcl another decent. Looking one um, let me throw that up real quick for y'all.
Be me. I, like beaming a lot a lot of pre-market range. Definitely someone loading up. Yesterday, um, i was hoping it would make a bit more of a move yesterday, but with that pre-market range, definitely there's some potential there.
Today, um grcc biotech company showing some nice signs of life pre-market here, though daily looking like this, so i do like it a lot honestly again, a little little bit bigger than i would uh normally go for higher floats, so gon na it's gon na be likely. If this ends up turning into a play, probably will be not like a scalp for me, i'm gon na need some time to develop same with dewok. I don't know if i'll personally, trade, fun phun but we'll see. There's a lot on watch today market's looking pretty hot we're coming into that potential holiday run season here, as we come up on to thanksgiving week, um, let's see where, where else was i where's gtac at day there we go g-tech um, definitely showing some signs a Lot of signs of life i've actually been watching g-tech for months now, so maybe i'm a little biased on it.
But i really do like how it looks very low float very similar daily chart to lg vn uh 10. If it can get there. Gon na show a lot of resistance in my opinion and yeah. Those are basically my top watches are up here so we'll see i like ppsi today, too um not a whole lot of volume there.
Yet, let's look at some, let's see, is there an animal on? My head um, basically yeah. Let's see, let's see, uh it's cold in texas, it is cold in texas. Today, it's a little chilly out there uh, it is a little chilly outside lgbn, probably has supernova potential today, yeah, no. Does that mean i'll trade it? No! It's gon na need to set up just right, um.
I i it's going to be a tougher one to trade, but i mean it's gets gapped up, hitting a high of 14 44 pre-market. So a lot of uh i mean a lot of potential there. I see this one being a massive pot - oh my god, gtac. What in the world well, okay instantly from one minute, eight to nine breaking pre-market highs, gon na make it a little tougher to trade now um. Now that it's getting all this volume. Ideally it does. Some form of a dip and rip where you know there's a dip to risk off of. I won't chase it if it just opens and rips up it's not how i trade things um.
Oh my god, i'm tired i've got some caffeine. It should be kicking in soon will riven go back up, no idea. If i knew that i'd be rich uh, you often say you're waiting for things to develop and set up, sometimes for days strictly looking for more consolidation build a foundation for a breakout spot on. That is exactly exactly what i do wait for that consolidation.
Wait for ranges to set up and then go from there guys if you're here early, if you appreciate the earliness of it, obviously drop the like. I know i've. We got a bunch of people in here right now and uh. You know we went alive a little earlier than than normal.
Today seems like you guys liked that um, let's go back into chat here, yeah gta! I did take a small swing on ppsi. I still do like how that looks at the end of the day. Yesterday, just risking yesterday's lows, though, so quite a quite a wide, quite a wide risk there, just starting in um yeah. Basically, so i can.
I can do a quick. Like recap, on my lgbn trade yesterday, i basically i ended up making like no money on it. After all said and done so basically yesterday, obviously lgbn was kind of the one i got in here at 666., um sold some up into this 870 spike 840 to 870.. Unfortunately, i got brutalized here um right right here i longed at 808 uh like three or four thousand shares and then just got slammed on uh.
It was the right spot for sure. I'm happy with the spot i'll take that trade any day of the week. Um. Just got it just got slammed and then obviously ended up working after hours, which kind of expected, but i i i you know, risk levels.
I've got rules. I normally do not trade stocks up um over a hundred percent on the day, just because of that risk. In particular, but it had enough enough good setup for me to i wouldn't call it breaking the rule because it had enough other factors lining up for it for me to take that spot so um, but generally generally, i do not trade stocks up over a hundred Percent uh, unless it's got kind of a perfect setup like we had there just got slammed down part of the game um. What program you're using this is stocks to trade bhtg.
I don't know i've never heard. Is it on the for gapping up i'll? Take a look at it: oh yeah, that's up! Eight percent uh! It's only a dollar stock, though, like generally, i know i'm looking at b me, but i really really don't like trading stocks in that range. I'll, take a look at it if lgbn closed green. Why not trade it overnight for a possible gap up because they're i mean that i i'm never gon na take a stock overnight, just because it's green, if you did that you'd have to be swinging the whole market, so you play morning percentage of the open. How do you know what risk level or where to take profit um? I don't trade if there's no levels to go off of, i just don't take the trade yeah lgbn i, as i mentioned. I probably won't be trading that this morning, um unless it unless it develops uh voso to take her change. Was i looking at bhtg. I said i'd.
Look at. Let's take a look at the daily, maybe i'll keep it on watch yeah. I mean that that actually, that dump yesterday too has quite a bit of i mean it's. It's got potential i'll say that i'll definitely say that.
Why don't i use moving averages, because it's not part of my strategy have you used other scanners before yeah? I have um, i personally, like stocks, trade, the most very simple, easy to use kind of thing um. I i like stock shade the most i've used a bunch of them, personal preference. For me, looking at gtac yep, let's go back over to small cap chat. Let's see, do the gtech move, what would make would that make you wait till the 9 45 window or not? No, it's just gon na need to set up correctly um.
That's all dpw. Let's see, i don't know the new ticker for voso. I just know they went through a name change. I didn't even really care to look normally when takers do name changes, it kind of ruins the kind of ruins the play card car is getting tight.
I think it needs some more time. I don't know. If today is the day for it by any means, oh who's, the guy with the long hair, that's this guy that particular training legend when it dumped. When you say the right spot, are you talking about level two resistance, both um bkkt could be a nice first.
Green day uh my risk on dwack i'll, probably just cut under 55.. Oh, we only got. We only have a minute left all right, i'm going to be done, taking questions and just focus on market open, yeah, nothing, i'm loving, right out of the gates here, but um i'll keep an eye on gtech for a dip and rip. I could see this one being really choppy out of the open, though, and like i said, i will not chase it um i i just i don't chase so if it just rips out of the open it just rips, it's all right, yeah gtech will be like My primary watch right out of the gates, though um but like i said i need it needs.
I can't really take size either. In my opinion, not right out of the gates anyway, so and it'll need to set up correctly. It's got some room, it's got. It needs all right.
Market is open, and here comes that pop, like i said, i'm not gon na chase it so i'll, throw up and there's my price alert for for gtech i've been watching gtech for months, i'm going gon na keep an eye on. I actually do the more i look at bhtg, the more. I really don't mind that daily chart, let's see, gtac being very indecisive lgvn the dip is soaking. Let me tell you gtac up at 950 now lgbn, i can see being a pretty tricky one to play. Yeah, i didn't take it either there. It goes. That was a good spot like that. 12 area was a good spot, but i just didn't take.
It needs to set more uh better levels. I don't trust that that that low right there yet down to like 11 50ish 11 30. uh. This i mean, obviously that's you know, that's part of trading, just knowing your strengths, um lately.
I have not been playing the open very well, so i've got no reason to uh no reason to oversize there. I took a starter long here on beamy. Where is that here we go at 104. um lvgn up near 13, now gtech struggling at 950.
gtech's going to be one at this point, um and lgbn halted up too that's big. Where are we at so many tickers here yep? There's that halt halted up right over 13. d-ox getting some slaps hoping today can be the day for dewok. I took a little starter pre-market, i'm like break even on it right now, but with the plan to add, i did not have anywhere near full size.
Did you take over 950 could be interesting, but again that risk level is 8.50. I just really thought and there it goes. It just needs more time. For me, i'm not not in the mood to i just don't like taking.
I guess it's more just for me. I don't like taking like wide risk right out of the open um. I know what stocks i trade well and what types of setups - and that is not one of them right now, right now, i should say used to be. I used to be really good with that.
Now, i'm just not i've. I've found for me the afternoon has been the much easier time for me to trade. So i decided to cut my ppsi from yesterday. I was hoping for a stronger open.
My risk on d walk is like down at 55 area gtac just grinding up so far. I think overall as a whole, the stronger lgbn is the stronger um. Most of these penny stocks will be grcl has some different potential 1120 looks like grc i'll. Take a position on if we can get over 11 20., all right, i'm long, 11, 30., risking that low a day.
Oh, where are we? Where are we grow? Here? We go long 11. 30.. We'll see, i don't want to overstay my welcome, but that 1050 area that 1050 low just enough there ppsi is pushing yeah. For now.
My main focus will be grc i'll see if that 1120 seller gets taken out. Uh, let's see using that low a day risk on grcl still gtac pushing up to 10 gtech at 10. got 90s. Let's, what's fun doing had that push? Oh man looks like when it stopped out.
It's all right, part of the game. That's why we size appropriately see if it holds oh man, lg vn opened up pushed up to 14. up and down to that halto. I've got a hard stop on this, so i'll, just let that do its thing, oops, not sure every name and there we are stopped out.
Where am i where's, all gvn lgbn chilling here after that halt lgbn looks like it wants higher wow, it's trying. Oh, it's do it's trying it's trying made a new high slight! Oh look at that right through 14, too nice, nice nice, like i said the stronger. That is the i mean really just the more potential in the in the small cap world. There is all right: ppsi, oh baby, oh baby. I just took some of that word. Just that chart here pps i got at 8 28.. Look at that! That is gorgeous see if we can get bigger, push there i'll, probably person. I i this this chart.
I like it enough to hold for the breakout um if we can keep pushing we re. Nine is gon na be pretty key if we can break and hold nine that'll uh that'll be a big big green flag for me, uh, i'm personally, just gon na keep getting my time. We got a lot of volume coming in here and that's the beauty of multi-day setups right there, that is the beauty of multi-day setups. Once you get that initial spike lots possible um, but we're testing a pretty key multi-day trend now.
So i'd expect some resistance here. In the 860s, then again at 9., if we can break through 9, i could very realistically see a 10 test 10 test. Lgbn halted down. I'm gon na keep just watching ppsi.
For now i just got my beat me there, my bimi, my starter, gtac halted down as well halted on basically outlaw a day, so here i'll kind of go over. Why i like ppsi, like a multi, multi-day time frame very similar example of dboc, which we talked about not too long ago, big spike, just consolidating coming out of this base, trying to come out of this base on volume now in the right sector? It's uh, i mean it's. The name of their company is pioneer power solutions, so we got that energy energy type play um. I like the sector.
I like the i like the daily chart, a lot. Unfortunately, i'd love to add to this. I don't have as much size as i'd like to but um i'm gon na. For now again, i think small caps are hot enough right now for me to uh at least i'm gon na i've got, and luckily i guess, fortunately, you know in a sense.
I do have small size, so it's like i'm fine trying to go for that breakout and then adding along the way. I do see this being an all-day style trade. A lot of times. You guys ask me, especially in small cap rockets.
You know like, what's the difference between a scalp for you and like a bigger picture play, and it really just comes down to the daily chart stocks that have breakout potential with a nice multi-day structure. I have no issue holding for a bigger move, ones that are just really nice intraday setups, i'm going to probably be a bit more scalp you're on. If i don't love the daily chart, i always need to like the daily chart enough to even take the trade. I want to make that clear um, but that doesn't necessarily mean that i will completely avoid it if the intraday setup is good enough.
If it has potential, that's really what i need to see. Um d-walk, unfortunately, today does not seem like the day, hoping that gap up would lead to a bit more we're holding green right now on it. I've got a lot of charts i'll try to go back and forth between some of these, so we'll see just chilling near you up, flop. Consider adding ppsi just getting this nice consolidation. This nice little call like a micro flag holding up pretty well i'd. Look at adding a little more through 850 area. I need the bitter to step up. The biggest problem i have with ppsi is the level two is always just like so thin.
The spread is wide um, but that's why it's an added there 855. we'll see if we can get a push see if we can get a push through high of day come on come on. Can we do it? Can we do it there? We go barely made new highs: okay, nice, nice, nice over high day, pretty cool chilling in the 870s i'll look to take off like a first piece around, like the nine dollar area, eight eighties to nine lgbn getting crushed. Where is lgbn? Oh that's, bhtg, yeah lgbn! Just getting smacked pbsi, not loving this follow through by any means i'll give it some i'll give it some time i feel like it should have had a a bigger push there, but i'm gon na i'm gon na give it a second i'm gon na i'm gon Na be patient so much selling at 8.75.
There is just a massive seller there and it does not want to get taken out. I took a little bit off there just a lot of selling. There was a huge seller at 875, so just gon na stay safe. No reason to overstay welcome um, let's see what else do we have i'm just going to start filtering through some tickers in a minute? Oh, i don't care about that um yeah and see guys so i've talked about this before, especially in like small cap rockets.
Um gtech looked great, but everyone is going to be chasing that next shiny object. Everyone wants the next lg vn right. Everyone wants this. Lgbn.
Surprisingly, actually, though, just uh, speaking of which just held a hell blow a day, pretty nice if it holds over low a day, i mean you got to remember guys like i'm. All you always got to think of in terms of where the average folk is in from and a lot of people are in this from yesterday, so longs are still up 70. If you bought it closed yesterday, you're still up 77 right now. You know what i mean it's like.
What reason do you have to sell if you're uh, if you just randomly, bought this yesterday, you're up like like? Why why why would you sell it could go to the moon? That's how people you got ta always think in terms of how retail thinks - and i always try to put myself in those shoes like okay, you know, does retail have a reason to sell right now, other than a reason that it's up a lot uh, we are Trying to bust through low there if it holds low day and can set up again near view op, i definitely don't think lg vm is necessarily just done um, because i'm trying to think you know how many, how many shorts are actually in from today, how many Shorts are actually up on their money and the fact of the matter is, the volume is significantly lower today, um than yesterday still, and so your average traders in from yesterday, you know what i mean your average traders of right now is in from yesterday. So then, now again, that's not a justification to take a trade more than anything, it's a reason that i could see this being a potential trade in the future uh and in the future. I could mean in 10 minutes probably not in 10 minutes, but i mean in an hour and a day tomorrow, stuff like that um i cut ppsi for now the remainder of it um i'll keep an eye on it. I mean i really like. I said i really like this: it actually broke the multi-day trend, though, and it just failed, so i'm not gon na overstay that welcome, because the spread on this can get wild and i've got no issue re-entering from here. If it sets up correctly, do you like a little interesting percolation? Where is dewi there? We are, you are just getting nice and tight guys roast matt monaco in the chat he showed up and didn't even come in to say, hi roast him in the chat. Let's see check day youtube real, quick duoch, i'm getting kind of close to adding this. I just want to see.
I need some bitters pbsi, not dumping by any means, but there's an example of the spread getting wide down under 840.. Sorry, there's not a whole lot. I like right now guys, like i said i personally have simply been trading the afternoon much better, so i don't want to oversize in the morning and ruin my day. So i cannot tell you how many times i just start the day red i'm like, oh well, if i just didn't trade the morning, i wouldn't have to make all this back and the fact of the matter is some days.
You can't make it back. You know what i mean the afternoon: there's no guarantee the afternoon is going to be hot yeah. Consolidates our g g-walk g-tech. If g-tech consolidates like for an extended period of time, i'll consider a trade on it because again, then it goes against the history of spiking thing or the history of failed spikes.
If, if the stock holds up throughout the day, it is not failing but needs time. Ppsi bummer you shouldn't drop like that. You should go to a million dollars. Um, oh gtech, perking off off the eight dollar area, overview op and i'd be a little more interested.
But for now nothing that that screams buy me behind me, buy me and what's holding up kind of decently, it could be a weird like dip and rip reversal. Style thing is grcl still holding up, i don't love it, but could be okay or a gap and crap reversal. I, like the daily chart enough to like keep an eye on it, yeah it's kind of failing there, though um generally also like on something like gtac or something like grc. I, like i per uh lgbn through low a day.
Bummer, don't ruin the fun, don't ruin the fun like that um. I generally like don't play stocks that are like wildly under v-op, because you just know where the edge is the hedges that salaries are in the money so um bomber. I don't see anything. That's like really setting up anymore all right. Well with that being said, let's get to some questions: small cap first dibs, as always, uh, let's see. Oh, we already talked about that thoughts on fun. Synthetic dwack. Well, right now, fun is actually it's it's kind of it's! It is doing its own thing right, like it's.
It's up, eleven percent dewok isn't um. You know it's it's doing its own thing right now, so i don't know. If i could it's not really a sympathy anymore. It's weird! It's it's! It's weird um, but obviously the stronger dwock is the stronger fun can be.
Let's hop on over to oh and i'm alone. So i can look at the chart. I already know the atom sharp. It looks.
Fine, it's like not. I mean it looks. It looks fine. I've looked at that chart before do you take any short plays.
Not really lucid is running, pushing 50. uh. Let's go over to youtube. How about aur? I don't know.
Maybe it's running this up. 30 percent - i don't know, looks good here. 13. 30..
It's up too much for me to just like blindly buy these more. It needs to consolidate more. I cut my d-walk a lot of sellers. Stepping in excuse me pardon me: what do you call that pre-market spike on dlpn? I mean it was on very low volume.
So that is interesting. Oh that's, actually good eye, because that is unique. Now this is a lower volume trade for sure, but that's unique that it's holding up um, it's like it's! It's got range, it's it's proven pre-market range so and someone i'll keep an eye on very low volume, though so it's a very, very scary, scary, one, it's very low volume, but why aren't i focused on fundamentals, if i'm being honest because all of these small cap Companies are pieces of that lose money, so i already know that i already know they don't make money. I already know that they'll do offerings whenever they want.
I know that these are not long-term investments. Sure a couple small caps can turn into something great yeah, but you're just you're, just picking a needle out of the haystack at that point, sava's running, oh wow, nice little first green day there trying to bounce well not really for screen day but trying to bounce Makes sense, i personally have really struggled to play this stock um and i would not have found an entry on it. Either cheers man that's holding up nice that is holding up nice. That's almost close enough to vue up to where i'd consider playing that for a reversal.
Um, let's replace dolphin entertainment. Um, give me a minute. I saw some more questions. I'm gon na head back over to the small cap rockets chat here too uh any do track.
Your setups in the past other than just journaling, like with spreadsheets, i mean yeah in, like my trader view, i do but mostly through journaling. When did you start using your trading profits for expenses and went full time? Well, i started. Do i started using? I first started using my trading profits to kind of create. I have other other incomes outside of trading, that my trading profits helped develop um, but i mean what once i could comfortably once i i had enough saved up where um i could pay. Basically, a year's worth of all my expenses um and that i had money coming in that could cover my expenses on a month-to-month basis. That's when i went full-time i you know i wanted to be as safe with it as i could um and it's it's very hard. You know trading is risky. You need to.
I wanted to make sure i had plenty of confidence in my setup um plenty of well j, and i wanted to make sure i had a good enough clear enough understanding of risk management too, because obviously that is more important than anything. It's so easy so easy to blow up if you're not managing your risk correctly, and i wanted to make sure that i never have to worry about not being able to put to pay my rent, because i blew up my trainings. That's why i'm very very big on taking money out of my account when i, when i make it i'm i that to me, is realizing your profit. Putting in your bank account um, because if i i could blow up on any given trade, you know.
So if i don't manage my risk correctly, let us see you didn't like aur, no, because i i don't buy, tops they already. It already ran like it already ran. You know what i mean like here was great. 1340S was great.
I didn't hit it though. So no looks like a pump and dump, which i mean it. No no interest in bhtg um any other questions from the guys in small cap. Let's see what we got any more questions from youtube.
Sorry, there's really just not a whole lot. I'm loving in the market right now, so i do apologize. I mean there's stuff going on, but nothing i like nothing. I'm, like you know in love with gtech, consolidating at view op.
It's gon na be a tough play. Those wicks scare me those wicks scare me a lot very, very wicky. I mean that's a lot of range on one candle, lgbn potential uh little dip by buddy yeah, i'm personally going to avoid gtac gtech pop in there look at that beautiful took a long small long there on lgbn 1189 risking low a day, basically risking about a Dollar a share gtech halted up nice, let's see lgbn pushing through 12.. I mean i'm probably at this point.
Looking for a higher day, break on lgbn met a lot of resistance at view op, understandably lgbt and lgbn stuff. That view ops so far see if you can hold nope, not looking like it. Gtech was the better one. Well, all righty lgbn, not looking the greatest there.
That was pretty hard to vlog projection. I cut yeah gtech man, oh man, well, i can't hit them all. Unfortunately, when you talk about your most painful loss ooh, i like that question um, it probably was fami. My family loss um lost about 15 grand on that overnight when that offering dropped and that sucked like that just sucked because it was a loss that came. I don't normally swing stocks like that overnight and the reason i took it was because i was almost it was almost out of rage. I was in a drawdown period and i was like i'm just gon na swing a bunch of shares of this and it's probably gon na gap up, and it did look like a good gap up style. Chart i'll give myself that much like i wasn't being a complete, the chart looked nice, but i normally don't swing stocks like that overnight. Even though i had that nice look to it, i had too much size refused to sell.
When i was up a you know. Good amount of money at the end of the day, and because i got so greedy with it like that that that just killed me because it's not a setup, i would normally like to take um, so that was probably most painful. Loss was family overnight on the offering um and again the reasoning for it, because that's just not a setup that i that i, that i take keep hearing traders say things heat up the winner: when does this typically start after the holidays? Um yeah any time between november and december, you can generally start seeing quite heavy. I mean we lgb, i mean there are a lot of movers right now.
You got ta. Remember too, like a lot of traders are probably not gon na get that 2020 style of movement right like it's. That was that was a one-off, that that was craziness peak euphoria, so we're probably not going to get something that crazy again, let's go back to youtube. Yeah me matt and roland all took a smacking on family.
We all got crushed. How can you tell where a halt will open? You cannot? Ppsi did hold that dip. Looking good back over v wap. Now i like the look i'll be keeping an eye on it.
Wow, adam all the way out in sydney, australia, 204 a.m right now, geez and you got to be up at 8-2. That's brutal thanks for coming on. Watching though uh g-tech will probably like go up out of the hall, that'll, probably break ten uh could stuff, ten pulses, aren't good or bad. I mean they.
They they kind of ruined the play. In my opinion, if you had a 5k account, what would your loss? Your max loss on each trade, be, i wouldn't be trading with anything more than a two dollar risk. If i had a five thousand dollar account like the here's, the deal like if you're trading with a five thousand dollar account. Your goal is not to make a bunch of money it's to learn the right process so that when you have a bigger account you can you can treat, though you can.
You can use that same process like in theory, um interior max loss if you're trading normally would be 50.. Like should probably oh there's gtech out of the halt a lot a lot of people say like. Oh, i don't like to risk more than 10 of my account on one particular trade. So if you, if you do that, you're going with a fifty dollar risk, i personally with a five thousand dollar account, would be trading with a two dollar risk. Thomas yes, um we'll be. We will go over plans there, though uh later on anyway, to predict when a stock will stop the halt. Uh, it's only either 5 10 or 15 minutes lgbn halted down. When you say the simpler you capture, trading, the setups, the better.
The results, a hundred percent, no not two dollars per share, two dollars per trade, so every trade i lose on. I would lose two dollars. Ppsi is looking decent here. It just scares me that spread can get quite funky, i'm long ppsi, there 865.
i'm gon na going to give it a shot risking at max, like 8 21. gtech's still pushing see if we can get this move up on ppsi, i'm again the the level two Is just kind of wild on it, not even that wild just like 10 cents spread which can be annoying on a stock? That's only eight dollars, 875. Pretty would be pretty key. In my opinion, that's where all the selling was last time go back to the chat here.
You already know my ppsi plan. How has your family responded to your success? They're like really happy for me, um they're, just really happy for me. You know what i mean and it i'm a big goal of mine has always been kind of to spoil them, and you know they they don't they. They appreciate it, they never were asking for.
They were never looking for that. But that's you know they're very. I know they're very grateful, um and they're very happy for me very close to my family, so pbsi did break that high day there. Now it's struggling quite a bit, i'm gon na just keep giving it some time.
Volume is trying to come in ugh a lot of volume coming in it. Just can't move i'll be quick to cut if this can't hold that high a day break, because we got enough volume coming in through that key level that cut i cut for now now gtag, it's like not being manipulated, i mean that's just you have a stock. It's a low float, a low float. Anyone with a lot of money can come basically do whatever they want with the stock right.
Like i don't know, the exact float on gtx like two or three million shares, or something like that two or three million shares, which means: let's, let's do some quick math, i'm gon na get ten dollars a share times three million anyone with 30 million dollars can Lock the float of that stock completely and i seems like a lot of money but for a big fund - that's like that could be a starting position in a large cap right. So anyone with a lot of money can lock up the float control the price. However, they want so um, you know it's any low float can easily be manipulated with big money. Uh.
Have you ever thought about real estate? Investing? Yes, i have. I have thought about it, uh. How long did it take you to grow? Your small account. I didn't. I i wasn't focused on growing my account. I was focused on not to sound, like cliche, like growing my knowledge right, where i was more worried about learning the right process, and that's why i just talked about that. Two dollar risk a little bit using the right process so that, when i was ready to size up it'd be easy to do. Do you expect to expect to squeeze on ppsi overnight? At some point, i i expect this to break to new highs.
I don't know when that is, and it's being a turd right now so probably not now. The risk on a 5k account is two dollars would be the reward four to six dollars. Joey v looks like it's holding. Let me look at that for a second hey.
I don't love that maybe it could bounce, not enough range oops. What did i find my real account with money from work? I worked while i traded that's. That was why i would work so when i was ready to fund my account. I'd have enough money to do it.
I mean i grinded honestly, like i grinded yeah way, tougher for a small account right now versus 2020. Everything is harder now than 2020, but there's still a lot of volatility. So it's just about really understanding how to capitalize. On the right place, how do you approach allergies in other areas, yeah um? How do you approach health, insurance and stuff like that, like oh hold on one second ggpi someone's talking about it? I want to see that i didn't remember that the intraday looks nice daily.
I don't know if i love it could be wrong. Um, no, like you, tr trading, is a business for yourself, so treat it like you're, the owner of a company like pay for the stuff, that's important to you. Uh! Do you have any stocks you just keep and let your investment just ride. I do not.
What did you do as a job as freelance freelance? Writing? Freelance. Writing. I wrote a lot a lot. A lot, a lot all right, guys.
It's 9. 15.. Any last minute questions here: um, you know between small cap between youtube, any last-minute questions. Here i already answered that question ralph.
What do you say to a small trader right now who wants to follow traders and bounce ideas off of? I talked about that in small cap. Precap go twitter, is a great community or a great way to reach out to more people. That doesn't necessarily mean like you. Don't need to go reach out to, like the biggest traders in the community.
Ask well yeah one. Okay! We've got: we've got like the youtube chat right here. You guys are all traders you're in small cap rockets. You have a community of traders.
If you're on twitter, you have a community of traders. Fine just start talking to people like that's the easiest way like comment on their on their posts and stuff, like that um that i mean that's, that's how i did it. I just met a bunch of people on twitter that that seemed like they traded. The same way as me, they weren't they weren't big time. They were just people who were hustling in the beginning, and i've got some great friends who grew with me. Is it weird i hear sikes in my head screaming cut losses quickly? No, i hear it all. The time, although sometimes i just hear sykes in my head, like you on a bunch of random words, um gtech holding nine, you are matt, you were matt. What oh um, i don't know, it'll be it'll, be me or mad on monday, though i don't know who? Oh, it probably won't be me, i'm heading back to new york on monday.
So probably not what are some of the things you to improve on risk management? Make sure you follow them. Have rules write your rules down physically in front of you if you're struggling with risk management find a set of rules that work for you, write them down and when you're seeing them right in front of your face, it's way easier to like remember them um. On top of that journaling i journaling is my answer to almost any issue you could have as a trader favorite book. I was never huge into reading.
Um atomic habits, though, is great for, like the mindset part of everything of life, i like that book. A lot we see d walk in 60s today, i don't know just want to say enjoying the videos and watching your trades have been helping find my own fine tune. My own perfect! Thank you. That's great to hear.
Do you trade a view only to track your stats or actually create your own spreadsheet? Um trader view detract the numbers, then i journal to track the psychological stuff. What educational program? I was a challenge student. I am a challenge. Student bryce, the kids like help us.
I was grinding this by myself back in 2018 yeah. No, i mean i get it. I get it trust me trading is very lonely, but now you have more traders than ever before ever ever before. Um on the internet so like this is a great time to meet new traders.
Um yeah, of course hit the like button. Lando lando knows what's up hit the like button, um trading joe says, hearing sykes in your head is a big problem. It is a big problem um now, if i be completely honest, though, like i could not be more fortunate, oh dewock, that might be my last trade of the live session just took their uh 50. I don't even know where i got filled.
Uh 56.89. No, i mean like being completely realistic. One of the greatest things i learned from sykes was like cut losses quickly. If a trade is not working for me, i am out so fast um.
Is it oh man? It's a bad idea to buy a dipping rip in a volatile loaf float at the open. Not if you manage your risk. Thank you guys for everyone saying you're, loving these live streams. That's awesome to hear we love doing them, drock's getting a lot of volume here.
I'm gon na see if we can break 57., all right, we're trying to push added there dewock. Let me get that chart up added uh. I've got a, i don't even know my averages. 56.91, let's even break high a day, getting a lot of volume. There we'll see um i'll just risk low of day or, if anything else, i'll cut the loss quickly. If it's not working um glad to see that you guys are all finding these helpful. That is uh. That's really! That's it's big for us! Thank you like again that that means a lot to us all right guys.
I am out of here i'm in dwock risking low a day or, if i see a big seller step in i'll, take some off, maybe take full off um but low a day risk for oh well, speaking of a big seller uh anyway. That is going to conclude this live stream. Thank you for watching. You'll probably have matt on here next week, because i'm gon na be traveling so yeah.
That's all i've got. Thank you guys for tuning in today. If you have not be sure to hit that, like button, be sure to smash the like button, um and turn on those post notifications, so you get these alerts when we're going live every single morning and that's all i've got for today. So until then, peace out have a happy friday.
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