All righty, what's going on everyone, we're doing an afternoon live trading session, and so these are some of the things i'm watching. Um not gon na lie really not a huge fan of anything right now. Um, i'm in a little bit of c n t x from like 8, 49 or 840, whatever i'm in from um, but really nothing. That's like home run potential in my opinion, um, so yeah, no um.

This is a weird one. It's like that ipo trend uh, where the daily charts ipo kind of what's been working like lately. Are these really low priced ipo trades um? So i'm just keeping on watch uh, there's been quite a nice bitter. There see anything else, no there's really and i barely even like cntx right now.

I won't lie um, it's being a a bit of a turd. It's so yeah, i'm probably just going to cut it for a small win um if it can't hold up here. Just not this isn't the market, in my opinion, to overstay any sort of welcome um it's like last week was really hot thanksgiving week. Really hot yeah i'm cutting, and i guess like what i mean by that anyways when i'm.

When i'm saying you know it's not the time to oversteer, welcome like it's, not that there's not moves like cntx might very well work. It's it's simply that, in my opinion, the moves are a little harder to time. Uh and that's kind of what i thrive on is getting a really good entry right before the pop, and it's just not what's working right now, uh or it's not working for me. So i i know a lot of other traders are struggling.

This tom z, fake high a day break now going back down near low a day um i do like this one can i get the level two up on here. Where is? Is that no that's just time and sales see what we can do yeah? So what's been interesting about this, one is, there's just been a bid prop holding this up above view op, but it's very low volume. So it's not one that can really even use size on that's. The unfortunate part is like the some of the the better trades have been these ones that are really on the the lower volume side of things um, and that means you can't take size.

You know, that's that's the unfortunate truth, and this is still holding up it's under view. Op, though um i'll get the youtube chat up, see who's watching yeah back in town, um yeah, mainly the reason i was gone. We were not, you know not not doing. These is just because it was thanksgiving week matt and i were spending time with family um and quite honestly we could have done it this morning, but i've hated hated the mornings i've hated trading, the mornings lately um they're.

Just i don't do well. I don't do well trading in the morning right now, so it's like why why even trade, so i've been trading very light in the morning. If i wanted to kind of, if i want to get a little feel um, then yeah sure i'll i'll trade the morning, but it's just not worth it's not worth the mental stress, uh or the mental capital, the actual capital like it really isn't to me. So, oh, let's see, let's throw up some of these top percent gainers, i'm just going to start cycling through them really um a bus was decent.

This morning they had just all the way back down all the way back down, how's op doing just fading fading, fading, fading mdjh. I have a feeling, that's marijuana, stuck i don't know. Oh, that was a if that doesn't scream pump and dump. I don't know what does that's crazy from what was that 260 to 506, now all the way back down to three um, if any of you guys have any questions too, throw them in throw them in i'm here to answer questions some, whether in the small cap Rockets um, let's see no yeah just went live.

This is uh yeah yeah. If you guys see, i've got impostors on tick tock on twitter. On instagram. Here's the deal i hate to break it to you.

I am not going to message you first asking how your trading is going um. It's not that i don't care. It's simply that i am not going around. All of my followers saying how's your trading going, oh by the way, buy my crypt.

No, i don't. Even i suck at trading crypto everyone's like i'll pick yeah. So if, if, if you're getting messages from me - and you didn't message me first and i'm not answering a question that you that you asked me - it's probably not me, especially if it says how is your trade going like how what it's not even english um anyway, Let's see yeah this market, i mean it's in a way. I guess it almost does feel like summer trading right now like it's just tough, because there are moves, it's that's where i'm struggling, there are moves.

Cn tx was really even still, though i mean like, even if you've gotten any of these dips, like nine, it did move two dollars a share. It's just for me. The risk reward is really hard to justify taking a trade even up here when the only real risk level is down a dollar a share. If that makes sense, i'm sure it does.

I know it does, but you know it's just it's tough um, but that's you know kind of the the the important and like i want to like the cnxt down here, cntx, whatever um i just i can't i really can't ugh i wan na like it, though Um anyways! No, what i like what i'm saying is these are the times if you know, if, if you're struggling in this market, i'm not gon na, say i'm struggling because i'm struggling to make big money, but like i'm, not i'm also not making it a goal to make Big money when the market is slow, um, the the the key really is just preserving capital like i'm having right now, it's gon na be probably a small red day unless something crazy pops up and that's the key you're gon na have small green days. Small red days, it's almost going to be a tug of war battle um during slower times when your setup isn't present. That's fine, like that's, really fine and unfortunately like. For me, it took a big red day because so during thanksgiving week, um the market was pretty hot for the type of setups i like, and i was kind of expecting that momentum to continue on through through um the next week.

You know into into this week, and it just didn't right like it didn't at all, and so i took a big red day on monday and that was normally had. I done that, even i don't know a month or two ago, i would have kept pushing it and now i've just kind of gotten over after i had that really big drawdown back in september, i'm just i'm really over big drawdowns they're, so so mentally draining anyways Um, so i adjusted quick. I was like okay. This is what the market is gon na.

Look like i'm not gon na risk a lot of money, i'm certainly not gon na risk. A lot of my mental energy right um, and so now, like i'm looking through the top percent gainers, just to see, if there's anything at the end of the day. That's holding up that. I like there's no range on this.

I need ones with the range um. No normally i'll start off by looking at the intraday uh like if i'm going through scanners. Look at the intraday. If there's range, then i'm going to a daily chart is the reason for this to move.

But if i don't even like the intraday, what the what good is the daily chart going to do mate? Did i already look at this one? I don't think i did it's all uh, that's actually kind of interesting. Let's look at the daily chart. That's unique! That could bounce at the end of the day. Oh that's just that's it, probably not i'll, probably avoid it, i'm going to keep it on watch in case, there's like hey.

If there's like such a clear reason to buy this, but as of now just uh just in a void for me, maybe over one six, it's a that's a very strong. Maybe, though, i'm definitely not trading build-a-bear workshop, i know ahi was moving a bit i'll, probably replace that with toms, because toms is a turd just choppiness, then i'll go through some of the um, the new high scanner. I put my scanners up here just so you guys can kind of see what i'm working with when i'm um you know looking at stuff throughout the day, i did change up my setup a little bit from the previous live stream, so you can kind of see Like i like looking at multiple charts um, i mean these are all things i'm looking at throughout the day. So now i'll go through and most of these are doozies, oh boy, although these, let's see and a lot of people, ask like how do i find stocks? So early because a lot of times you'll see my charts and i'm in wildly early on some of these moves and if you notice i get in, i do get in when the volume is a bit lower.

Um, that's going to be a no-go um when, when there's so anyways, i get in a lot of times. The volumes are lower and it's normally just through like. If i find something, if i find a hidden gem on on this new high scan i'll take it because generally i need i need to have a strong level too. That's always important, so i know i can get out if i'm wrong like i don't want to.

Don't force me to trade, you again don't do that. It's going to yeah! I took a little bit there at 8.55. We'll see i really just want to push to like nine. That's i i'll treat it as a scalp, but you know under view op.

It is tough um, you know technically it's it is. You know it's strong on the day, but when it's under view op going into the end of the day, it's it is a little bit 50 50 right like if you're short in from this pop up into the tens you're comfortable. You have like you have no reason to cover right now. Now yeah i mean it in right like we, i would judge anyone who's swinging short of biotech overnight, just as much as i would judge them for swinging a biotech long overnight to be fair um, but like right now, you're, probably still looking if you're short from That pop you're still looking for lower um and so like i'm you're, probably not going to cover.

Now i don't know, i'm not a i'm also, i don't short, let alone break out biotechs, but i'm trying to think of it from the perspective of someone who might um from traders. I know who do who are going for these bigger moves like right now. I just don't see a reason that you'd cover uh but anyways. This is kind of the key trend that needs to break for this to work most likely, so we've got a little ways to go up in, like the 870s, we'll see i'm gon na again, i'm just gon na be quick to cut this if it's not complying Um, probably under like 840 realistically still hg is at 160.

might be worth a watch needs volume to come in, though that's for sure yeah, if cntx doesn't keep going in like a few minutes here, probably just worth the cut um i'll go over some other questions. Some, the good old cues, see oh yeah the spy. By the way, if you didn't see it, the spy is getting clobbered. Oops daisies! Oh my god! That's crazy! That's just crazy! Oh! What's the intraday, looking like cntx testing that key trend see, if anything can happen and keyword is it's testing, like i said i'll, probably even even if this is a winning trade i'll be quick to sell into any big spike, treating it very, very scalpy at ideally Like eight eighties to nine somewhere in there just a quick, quick rip - and i know people like it's - probably you know like twelve dollars.

Why did you sell? I don't trust anything in this market. Anything. I do not trust. This is like it's just so sketchy.

Everything is so freaking sketchy see if these this uh 880s can get taken out. I don't know it's just kind of like the 880s is certainly struggling. Can i just give me like 8.90, give me the v-op push nah, i'm selling sold there, we're gon na get out no idea, 877, nice uh and another another important reason as to why i sold that guys like this. This view, like it's to me right, i'm looking at this and i'm thinking to myself.

This looks like a failed. It just looks like a v-op reject to me. That's how i see it is that how it is i don't know, but to me it just looks like a rejection of view. Op not a whole lot of volume coming in on this push through a key key trend area.

Those i don't like those factors all lining up right like i want massive. I wanted a lot more volume to come in i'll. Tell you that much um and a harder push. I wanted that to test view op on that trend, break and it just it.

Couldn't it just couldn't do it, which is fine again, that's why i just don't i'm just in the mindset of like it's not worth trusting, um, that's a misprint. Let's see here, let's go back, i'm gon na pull up the good old youtube chat. Why don't you show the level 2 screen on youtube? I'm just using e-trade for my level 2 right now, hpi yeah, i saw hpi, oh man, oh nice. I actually did snag a little bit of this, but it was super just a super tiny size.

My e-trade is so delayed right now see if that can uh push through view op here, even just like 175 180.. I didn't even realize like how few shares and i'm cutting i'm selling, that i didn't even like realize how few shares this i had because i didn't i forgot. I was a dollar stock. I generally am not the biggest fan of trading stocks under like five dollars.

Um, just because for me, i, like stocks with a lot of range right um. I like stocks like cntx right, where i'm getting 30 40 50 cents when i'm right on a scalp right, that's the kind of stuff i like um, not somewhere, i'm getting five cents. Maybe 10 cents and the problem is like i've got a risk. You know you get in at 160, i'm risking eight, i'm risking eight cents, and could this go to like two sure it could? It certainly could go to two? The biggest problem is like i'm, not expecting it to go to two, whereas something like cntx even on a failed trade, i got call it: it peaked 30 cents, a share, um and yeah i mean i was risking.

I was basically risking 15. It was a two to one scalp, but you get the point. I i hope you can kind of see where i'm going at there uh. Oh, is there anything else? The e trait sucks today for me just sucks sorry.

I know this is probably like super boring, but like this is also just sometimes what you have to go through um during trading right like it's, we've talked about this before it's not always fun, it's not always making oops, it's not always making thousands and tens of Thousands and all of this and dollars every day like sometimes it really is just boring. You know um, and these are, in my opinion, like the way i like to look at it. These are some of the best days honestly to just not even be at the market there. There are opportunities, there are um, but to me they're not easy, and if your setup isn't there, it's not there.

You know i generally i, when the market's hot i'm taking 20 to 30 trades a day today, i've taken like five. So when i see that that's when i'm asking myself okay, is it even worth it? But you know i've noticed my best trading is in the afternoon um, and so i'm definitely going to be here for it just to watch just in case get a couple scalps, and you know this is something matt monica and i were talking about just yesterday. Um and it's all, it all comes down to a size thing. It's all to scale right, oh, and look at that cntx pulse see! That's.

Why that's why i love vwop, though, because to me: i'm not i'm, never using it as a buy or sell indicator like okay. It's a view up now, i'm gon na buy or oh it's going under view up. I'm gon na stop out it's to me. It's more like: okay, the the stock is weak or bullish on the intraday um, i'm using it just as like a confirmation tool really more than anything else, and so to me.

That's why really, i generally, unless the setup is great, unless i love love, love the daily chart, i'm strongly convicted. Anything under view opt for me is almost always a scalp um and some people are gon na be like. Why do you even scalp? Why don't you just stick to the a plus setups? Well, because here's the deal i'm a natural just the way i trade is scalpy, and so, when i see an opportunity with a high win rate for a quick move, i'm gon na have no issue taking it. It's just i'm not gon na hold it for a long period of time.

Could i save myself a lot of like stress, i suppose, like mental capital like i'm talking about by not taking anything absolutely, and i know that, oh well, and by the way this is getting a little interesting. I can't take it again, unfortunately, but through 171 could look kind of interesting yeah there. It is there it is, but again it just comes down to a volume thing: there's not enough volume risk levels too far away. All of that, all that good stuff, i'm going to keep going over to some questions here, wow spy's red the spy is red.

Why didn't i load up short? No one told me to short at 464.67. Actually that's a lie. Matt was sitting in here and i was like, let's just go all in short, the spy like the problem is, i said that like here, then it dipped and recovered and everyone probably got caught all right back to the youtube. Let's see, what's your view on trying to go for a minimum two to one r on every trade, but balancing that with a discretionary approach, you know before your target feels off that's exactly how i trade, i'm always in so so that's when i talk this.

Is this is a great question? Actually, everyone is very focused on risk reward. As you should be right there you should be focused on risk reward. Risk reward. Is the number one most important thing in trading because in theory right in theory, a stock is either going to go up or down? I suppose it could technically stay at the same level, but when it moves it's either going up or down.

So in theory, if you buy a completely random stock, it's going one direction, the other, i'm not going to say it's 50 50, because it's not trading isn't 50 50.. There are bullish factors all this and that, but then it comes down. Let's pretend you have a 50 win rate. You need to have anything above a one-to-one risk reward in order to make money, i'm gon na be so mad at myself for slg.

I know it. I know i'm going to be. You don't have to keep reminding me. Um but that's the goal right, but but but there are a lot of factors, and this comes with time.

This all comes with time. Experience screen time, seeing the markets that you know or had a good indication of this trade isn't working the way i want it to so. What i can do is cut it now and save myself. A potential loss um a big, a bigger loss than needed, or i can hold for the full price target if it doesn't hit - and it goes down my stop, that's the more statistical way to do it.

Now, i'm not a very statistical trader. I mean i've got stats on my own trading sure, but man, oh man, hold on one second guys um anyways. I went up sorry um. What i'm saying there is, though, that, for me, is someone who is not like this exact setup has precisely a 62.34 win rate in this current market condition.

This is what i need to average for the price. For me, i'm very much level two based trading tape based trading chart pattern. That's the stuff that matters to me. So when i see a pattern that isn't working the way it should i'm gon na cut, because my theory is, i can just get right back into the trade if it resets up um and that saved me a lot of money that for me that works, that Doesn't work for everybody and if it doesn't work for you, then then you know.

Don't then don't do it like you, but it completely depends on your style of trading. In my opinion, just doesn't feel like what i expect from a winter market, maybe because i'm hoping for last year's winter market yeah a hundred percent um. This is definitely a slower winter market start of it so far, uh and it's just it like, like. I said it really just comes down to sitting on your hands when you need to, like the market will not be dead forever, but if, if you blow up, you will be, you will be done forever.

So did i make any trades this morning i took a couple like 300 losses, so i think i i'm down like a thousand bucks today, um. Where did three mean main entraday and daily patterns? I mean really daily patterns breakouts and bounces uh intraday. I love the dip and rip consolidation breaks. Are you limit your trades to certain patterns, systematic triangles, failing wedges or falling lunges, more subjective uh? It definitely depends the i've noticed.

My oh man spy. Look at that just getting cremated rats, um anyways, the best setups. For me are the ones i am like i, i guess it depends from entry and daily standpoint. My best biggest trades are normally very specific, daily chart patterns.

They don't come around much and that's fine, but when i'm being more scalpy, it really just comes down to intraday trend breaks. Right, like, like you, said ascending triangles descending wedges, like uh bull, flag, breaks all those really basic patterns, i'm going to play each of them slightly different, but um yeah. I got if that answers your question. Uh, let's see, let's see, do you track your emotions? Mental? In your excel or anything, how important is it to your trading experience, yeah, uh, journaling, that's how you track the mental side of it.

That's how you track how you're mentally, like performing based on your emotions. That's how you track all that stuff is journaling. If you want to do it in excel, it's up to you, whatever you use, what have you done? What have you done when you have been in a drawdown size down? That's it! It comes down to sizing down. Normally, i have recognized.

I've realized that my biggest drawdowns come from oversized in a market that doesn't call for it, and i have the issue. There are two main issues that come from using size um. In my opinion. In my experience i i should say um, either you're oversized when you're used to using small size and what ends up happening.

Is you sell too early on both or you sell two, you sell your winners too early and you sell your losers too late. So let's say you're holding to full risk, let's say a risk level and you're selling too early for that risk level to be justified because you're using too big of size. So yeah your winners are going to be a little bit bigger than you're used to. But your losers are going to be a lot bigger than you're used to that's issue.

Number one issue number two for someone like me: when i size up, i also tend to hold longer and being a more scalpy trader that isn't my setup right. That's not what i'm used to doing. It's, not what works for me, and so, when i am playing with bigger size um, i can't afford to hold for longer. It's it's a weird thing i just want to make i'm like.

Well, i'm sizing up. I want to make more and i'm like i'm, going to make a lot more and that's not the way it is um. So, basically, when you're in a drawdown, the way that i have always recovered is by sizing down getting that confidence back. Getting that routine back and then going from there.

Oh my god, what what happened? Did i miss something? Oh, my god, wow amc is done. Folks amc is done, which probably means gamestop is done. I would have to take a wild guess holy smokes. Oh my god.

I almost want to go grab matt, i'm just going to call him see if he answers where's monaco we'll see if we we're gon na get matt on the live stream, one way or another. Oh, i got a package nice sorry. I know it's not trading related, but the market sucks well matt's, not even oh yeah. He isn't my favorites see if he answers.

Why am i calling him when he's in the same office? You might be thinking to yourself because i do not want to stand up. Come on answer me: monaco. Is he sitting right over there? He literally oh he's talking to someone. That's why i need him to see amc.

I really do i don't get him when he's done talking uh, let's see here. Let's see, let's see i i am. I am shocked honestly, though um, that is, that is crazy. How much is gamestop down? Eight percent amc is down like what 18 20 yeah.

I want matt to see this. I was so hoping that oh, this could be a wild wild bounce, though in a day or two um, probably tomorrow. But let's look at that daily chart now yep broke support. It probably needs a few more another red day or two um before i want to trade.

It get some real bleed out going ideally down to like 20. That would be a great great great see that that will be an a plus bounce setup at some point. In the next few days and the reason, why is because so what for me, what makes an a plus there, there are different tiers. This is going to sound weird, but there are different tiers of a pluses for me because i do trade, some lower volume stocks, which i can't size up on, but i know the range is insane on something like amc.

It's going to be fantastic because there will be a ton of range and unlimited size potential. There is no limit to sizing. So that is why that will make like that's, like top tier, a plus um, for a bounce setup. There are also a plus br, like top tier, a plus breakout trades, but they again they just don't come around often btx any gg and unfortunately i still underplayed all of those lgbn kind of was, i suppose, but for not for me it wasn't an a plus For me personally, um, okay, now that i'm done ranting about how awesome amc is gon na be for a bounce.

Let's see what does the gamestop daily chart look like by the way? That's it's still holding the uptrend, though that's the craziest part um. Can you imagine if this amc sell-off traps a bunch of game, stop shorts, holds the uptrend and then rips how wild would that be doubtful? That's very, very unlikely, but i just like to play different scenarios out in my head. Um anyways. Let me know if you guys have any last-minute questions, i'm about to hop off.

I see nothing. I like i'm just getting tired of this and i got ta get ready for those of you who are in the steady trade team. We have a webinar coming up here at four o'clock, so about 30 minutes, i'm just going to kind of like mentally prepare myself for that, because i'm not gon na lie guys talking and trading. All the same time takes a ton of energy.

It does a lot of mental energy um, so giving you some time here. If you have any last-minute questions. This is this is your chance. This is your chance to ask away youtube small cap rockets.

This is your time use it shine shine like the stars. I know you are you can tell i'm going crazy, though cause i'm so bored, oh, beat getting some slap elations yeah a little bit getting some volume we'll see that high day acts if we can get up there. Oh matt's, oh he's, not free! Oh, i was gon na try to roland was just walking out. I was gon na try to get him here.

How do you deal with stop-loss raids on low floats? It's part of the game just accept that it's going to happen. How do you split screens of stocks, trade, oh okay, yeah um? So if you have stocks trade, let me pull up. Oh god, i have a lot of windows open. So what you do you do this type in a ticker um? Let's just amc, and then you just click this button right here and it pops out the entire window and then what i do is just make a few different windows: okay, guys any any last questions, let's see so we have travel trader in small cap.

Do you ever put a daily to-do list? Oh oh, this is a. This is a good question. I love discipline, questions um, so the question is: did you ever put a daily to-do list in front of you for the day when you first got started? Absolutely? Yes, a hundred percent, especially when it came to things like journaling, reviewing, charts, marking up charts things that i wanted to get better at finding patterns studying patterns, even if it was just along the lines of um. You know, oh, i don't know like what am i trying to think i'm sorry, my brain is fried.

I'm also really tired. I had a workout today, um wow lost my train of thought things to do. Um, oh right, right! Okay. So if i'm like, watching video lessons or like youtube videos or whatever um, then what i'm thinking in my head is or what i'm writing down is how many hours worth worth of content do.

I need to watch today um, and you know that all of that thing everything that you want to do, write it down, check it off. I did that for months straight. You know, because eventually i got to the spot where it just became a routine. It became a habit.

You know i'd journal for basically two hours a day. Trade review, charts, study, video lessons review my own, like all of that stuff review the entire month review the week. If i was in a drawdown, i could tell you that was. That was pretty far up on my to-do list review my drawdown stuff like that um wait, so is amc a buy, i'm not buying it.

Yet it needs to have a first green day pattern um. Where can we get the new scan you mentioned earlier, this new high scan it's right on stocks, trade, it's a pre-built, it's a pre-built scan. What do you think about hard stops? Totally depends on. I personally rarely use them um because i'm stalking the level two, but i you know yeah i mean if you're.

If you have issues cutting losses, then yeah use it. You know it totally depends on you all right guys. I think i am probably about to hop off here, not seeing any more any more questions coming in so uh yeah guys. If you haven't liked the video already be sure to drop a like.

You already know the drill you should by now. So excuse me, i'm just eight um, you know the drill like this. If it helps you in any way shape or form and uh yeah, that's all i got. We will see you guys back here tomorrow, probably in the afternoon um and until then, trade safe, sit on your hands if needed and have a good rest of your wednesday and, like i said guys, the last thing i'll end on here.

If you're, not in any of our like, we have small. Obviously this is small cap rock. If you're trying to learn these patterns that i'm looking at every day like this is what i do all day: let's go in and teach people the patterns, i'm looking at. If you're in steady trade team, you have a webinar you've got your weekly bryce tui webinar, coming in like what, in 25 minutes to go over all this stuff, so yeah anyways.

Now i'm actually out of here. Thank you guys for watch.