What's up, what's up my fellow traders, this is trader bryce, with stocks to trade, we're doing some live trading today, um, i'm personally, not the the biggest fan of this market um. I have so i'm going to tweet this out, real quick for you just so we can, let's see all right there. We go, let's tweet it out there um, so yeah, not a whole lot of stuff that i love today. Of course, we did have some runners.

We had isig um pretty wild daily. I actually saw that as a gapper this morning. I remember this. This was a runner a while back.

This has been a runner before um yeah earlier 2020. That's what it was. Okay, um ran really nice day. I actually had the daily chart.

I liked i personally just discounted it because i i woke up this morning and first of all, when i see a 1 million float stock trading, let's get vue up up here, a one million float stock being so choppy. That normally, for me, is just an avoid. Um, just not a fan of that, it worked really well. I was actually uh midday.

I would not have hit this move. I won't lie to you. This would not have been a move. I hit um and i got back from the gym.

I was gone. Midday at the gym saw it up here in the 14s. Actually, i think i saw it on this dip right here. I almost i came pretty close to taking this little micro break out here, risking this low.

I didn't do it though um it just seemed a bit overextended for me and again, knowing the overall small cat. Actually really. The overall indecisiveness in the market has scared me a little bit um, so today's goal has been to just sit on my hands, although i will show you i did take one trade today and i am not a happy camper. Cfvi also is a nice one.

Um that'll be what's not pulling up here, so vwop is at it's. It's just right at you up v-ops, like 1360 area um, so just hovering a view up, sheila i'll just put that up for now, so you can kind of see um, that's like generally. Where view op is there um? I did hit a nice one though today uh actually i'll, replace isaac for now, because i don't see a trade on it. So i took one trade today h i and i'll uh brutal brutal brutal, so i actually bought down in here.

There was a big buyer buying like 100 000 shares, and i was like okay, that's weird. It has a nice multi-day chart, though i i like the multi-day, it's an ipl um right here, just grinding up, i and i decided to play at scalpi because again just i feel like i'm in a scalp market still so i sold into this first. Push 5.25 turns out about five minutes after i sold uh i'll just say a big name on twitter, who has been known to pump some stocks announced he was long and it has just been a rocket ship since so missed out on, like five grand worth well. I guess i missed out on like 3 500 worth of profits there i think, had a 4 91 492 average uh sold at 525.

I mean i locked in 1500 yeah, 1. 1500 um. So i mean it was a good trade, but i mean now. I miss now i guess now i missed out on about five grand worth of uh, where the profits there.

It is what it is. It's fine, i'm not not in the slightest going for home runs in this market, though i mean it's uh. It is like again. We had isaac today we had, we had an lgvn pop today also would not have hit that one uh.

I didn't like the daily chart enough to buy that, although i do like it enough here now that it's holding up in the end today or trying to hold up in the end today um, but i wouldn't hit that move uh. What else moved today? Cfvi, the only thing i would have hit that here. If i was looking at it, wasn't looking at it though um and it really didn't do a whole lot. I mean it, you know went up.

I probably would have bought that 13 area probably would have sold into this view. Op push, though right in the 1370s, so i would have gotten a nice 70 cents uh. I don't couldn't have seen myself buying more than 2 000 shares, so maybe another thousand dollar trade uh and that's the that's like the beauty in this market - is just to be realistic. In my opinion, um, it's really just about like knowing.

If you can know, you know that this market is suit for you, the setups. Are there great? If you know that they're not great, but but it's important to know that don't just go in, you see these hot runners and it is very tempting you're. Just like. Okay, i am going to like, if the markets, if there are, if they're, hot runners, i'm going to kill it, that's not always the case.

I know my entry criteria so well that i i know for a fact. I wouldn't hit these, and that should be your goal like if you're, if you're on that, that you know you're finding the consistency end of it right now, that should be. Your goal is to look at a chart and know that uh know that you would or would not have hit that, and then you wait for the development later. If it proves itself, that's how i do it.

I wait for for later development. If i know the chart is holding up, then i'll consider it for my setup, but just because something ran like like hi, so we got. We got small cap rockets right in here um. You have something like ahi, which is brutal, like that.

Just that kills me now i i would have held had i known that was uh a twitter pump, but i didn't know: uh didn't even assume so anyways long story short, let's see so i'm i'm i'll, probably just for now keep an eye on actually yeah. I do i don't mind this for a starter spot very soon, um, basically just risking against at this point. I'd probably just be risking against like 13 30.. Actually, at this point i guess might as well just go down to that 1310 level um, so i wouldn't be surprised to see it break that 1330 low there.

So i will get an order ready. Uh did just stuff you up a bit there on that. Last candle right there, but we'll get that ready. A couple other charts, i'm liking for the next coming days, aerc for a bounce.

Ideally, we can have one more day of a support break. If not, i'm looking for a gap up a small gap up and then uh, i mean more or less a gap and go kind of idea, so c, f v, i i'll get that order ready. Just in case i decide to place one um it'd likely be just like something like this trend: break honestly, keeping it simple um, but again i'm just a scalping mindset. Today, i really am just feeling scalpy uh, i'm gon na pull up some questions here, though, from the small cap rockets group, i'll post them up from youtube as well.

Uh, oh, does well. Does anyone have any questions? Anyone anyone have anything they're watching. Anyone have anything. I can help with attempt to help with plug youtube comments too.

Take it easy on that keyboard. I murder the keyboards, my friends, let's see. What's up, i don't look at fundamentals, tough market lately, if you're going along yeah and that you uh whoever said that uh rs not much follow through that is 100. What the issue is in this market right now, it's just a lack of follow-through.

That's really what it comes down to you, get these big moves and nothing really sustains, which is fine, um and i'm i've generally. I do well in those markets still um, i'm because i'm a scabby trader when i i struggle in two types of markets - and i think i'd argue most long struggle in a market where not a whole lot moves um number. Two though i actually struggle pretty bad in such hot markets, where things move further than expected, because i don't think i will as much um i mean this was really the first. I noticed it was january february right when everything moved is.

I would nail these big winners and then give money back trying to chase higher, which sometimes worked. I probably would have lost a lot more had i mean everything just went straight up, but um the i would. I would chase higher after i already sold because i'm a scalpier trader - and that was where i really found issues was. It was the fomo side of things i actually underperformed uh cfei and after hours short squeeze.

Maybe i don't know. Let's see got chopped up in the sevens on i say: lost 450 was scared to take the trade when things started running yeah. No, that's exactly like my issue with that type of chart is that's a that's a clear void to me, because i know i will get chopped up um. It's it's tough.

It is tough, but it was part. That's: what's that's beautiful about trading for some people that might have been an a plus trade for them and a plus setup that choppiness, assuming that it's going to lead to a bigger move? It's not for me! It's just not for me being a scout of your trader. Yeah, you see the the the uh the arguments. All the time right like are entries more important or exits more important and from from a statistical standpoint, exits are more important.

They determine your risk rule like they that that is it. I don't know how to explain it. Exits are technically statistically more important, but for me, entries are a huge part of my trading, because if i already have a predetermined exit idea, you know into resistance et cetera um. I need to make sure my entry justifies that exit so and that's i've gotten i'd say.

One of my best skills to trader is really through level two through technical development on a chart uh through the tape i've. I've picked up a very good sense of a great entry spot to really determine that like because again knowing where that exit should be. That has helped me a lot. The issue is on a choppier stock.

I really really struggle with the entry um. So that's that's why i know that a chart like isig isn't going to work great for me. Let's see how often you go live on youtube. Ideally, every day, um now that the market is slowing up a bit, might change excuse me might change a little bit, not sure yet um, but i ideally every day we used to do the mornings um and now there's i don't.

I i lose money in the morning, so i haven't been trading the mornings um, so we're kind of doing this afternoon we're testing around some different times. Um. Maybe you know uh going into power hour. You know maybe 3 30 to 4, maybe 3 to 3 30..

Today i saw there since there were some midday runners. I thought that 2 30 time was nice because it would get time to kind of show you my thought process on some of these tickers. Actually i'll pull back the chart, i'll pull the charts back up um. My thought process on some of these tickers as they're still developing um.

Let's see how much you have today, i made 1500 on uh uh. Oh, what was it ahi? What can i? What can i talk about when switching from the otc market to nasdaq? In terms of risk manage, oh, this is interesting, okay, so the question is when switching from the otc market to nasdaq what is different in terms of risk management position, size and the difference in volatility, great question uh. I think it's psy. If i pronounce that wrong, i do apologize um the biggest difference, so i never have been a prime primarily an otc trader ever, but so i actually transitioned from nasdaq to otc when the otc market was flaming hot uh in february uh january february, beginning of february Um - and here is the reason i for me the commission's killed me - i've always been a more scalpy trader and i, even even when i was trading otcs when the market was hot.

I still scalped them um, but i was able to do with more size. So for me i i, when i was using this a small account. It actually didn't make sense, because i would get burned up in commissions um, so i had like an inverse uh switch right. I know a lot of newer traders actually tend to start.

Well, i i should say i personally know a lot of traders that when they first got started started off with otc. The big difference is, as you mentioned, the volatility is different and here's how here's what i mean by that when i say the volatility is different, it's not to say cfi's, looking good um percent gains on otcs have the potential to be much much much larger than You'll get on nasdaq's it's when the market is hot, when the otc market is hot, not unusual, to see multiple, two three four: five hundred percent gainers in the same day, whereas nasdaq sure you got one mover today, that's up 200 everything else, even though the one Ah, the one i traded when i traded it was up like two percent i made, like probably i don't know - what's: 30 30 cents on five dollars, not even i probably five percent um, so the percentages are going to be lower, which means for for me otc You can use smaller size, which is kind of the beauty of it and still get wild percent gains. The difference is, in my opinion, otcs are much harder to be scalpy on because there's, what's the point of being scalpy on a 10 20 move, when the potential there is the the beauty of trading otc is the larger percent gains. So i would argue that the best otc traders, i know, are more patient um.

They, the entries, are definitely a little tougher because it's it's slower moving in terms of not percentage the level. Two though, like the percent gains, will be big but you're moving up. Half a penny at a time and that's where the main difference comes in um. So in terms of the adjustment, i guess long story short.

It really just comes down to you can't really it's really hard to set hard stops on otcs uh, i'm also. I just hot when hopped in long cfvi, right there, uh 1344., risking this i'm risking the 13 10 area um. So anyways, like i said, position sizing you're gon na be a little bit smaller you're, probably gon na be a little bit smaller otcs, because just as fast they can come up, they can come down from that many percentage percentages. Um hard stops are a lot easier to use on nasdaq versus otcs, because of the way things get filled fills are much easier on nasdaq as well.

I mean you're, basically instantly filled with otc. It's not uncommon to to be waiting quite some time for a phil um risk management. I i am a firm believer. You should always have a set risk level.

It doesn't matter when or where, but again with otcs you're going to probably catch more slippage, since it is harder to fill. So that's a difference, um and just keep all those in mind. I guess in terms of like how you will adjust to it. I don't know keep all of those in mind when you're thinking about okay, when i'm trading in otc i get filled slower, i probably have a wider risk going for bigger percent gains.

For me, the way i trade nasdaq. The way i see nasdaq is it's a lot harder to hit those massive percent gains. They do happen, but it's much harder to because a lot of them a lot of those top percent games. You got ta.

Remember they gapped up 50. They gapped up 60. So the move from open might not necessarily be 200. The move from the previous day is 200, whereas a lot of times otcs that run like yeah, maybe they gap up 10, but then the run the run.

It's still like a 200 300 move from open. So keep all that in mind. I guess i don't have anything in terms of actual adjustments you can make because everyone trades so differently right, but keep all of that in mind. Your goal is to trade.

Well, not often that is correct, uh, train and trade. Well, yes, good point: do you feel that tracking setups on excel isn't as useful as checking on trading results depends on the person for me? I i personally like to track my own results before, like i i have found the best data for me is in tracking my own results, my own psychology um, my own trades for other people, and it's especially benefic. I mean, i think there are a lot of benefits to tracking something like excel, because then you can. Actually you have very hard data that you can code at some point.

If you wanted to bishop nicest uh, why did we set up in texas? I mean a lot of reasons. Taxes are better here. Obviously, but um you know it's it's just it's a it's a booming city right now. You know what i mean like there's, there's a lot of tech companies here, a lot moving from la so i mean, if you don't want to be in a a tech related space with younger people who are who all kind of have the same goal.

Right is to to make money like this. This seemed like a great spot. Johnny hello. You said it in caps, so i yelled a little louder all right.

Let's head back to the stocks, trade chat, room, they're, the small cap rockets chat uh. What filters would you look for on your afternoon ot scan in a better market dollar volume, yeah dollar volume uh? If, for those of you in small cap rockets, matt monaco actually has a preset custom otc and a day otc scanner um that he uses again he's a better he's, a much better otc trader than i am um, and that so he's already got a pre-all preset. In there, for any of you, small cap rockets members that's available on the stock trade university, not loving, cfvi right now, not loving it she's kind of failing here i feel like it should have uh she went. I might just downsize if we can't hold this level right here, i'll, probably just downsize a little bit, because it's slightly wider risk than i'd like if it can't hold and rip up to 14 that'd, be great that'd, be fantastic, you know, but if we can't, we Can't i might even i mean at this point if they can test so what i would imagine happens on something like cfei.

We are getting some slaps 1350s being pretty key here, there's a pretty big wall. So, that's probably if it if it rejects here again and then oh and then we got some bitters bid, support, let's see if we can push through we're, trying we're trying we're trying folks we're trying support's lacking now, they didn't even sell into it. They just removed it. I don't love that at least they didn't sell into it.

It's not like there's a bunch of people slapping the bid to get out yet just watch this for a second we're just chopping in this range, which is fine, but i'm not i'm not in the mood to take a full-size loss in this market. That's all probably just reduced down to half size for under 13.40, see how this bitter at 1344 acts. You got ta ask if the ask gets heavy they're trying they're trying to hold this thing up, though, let me tell you we're close to view op um anyways. What i was saying if we can get like a 14 test, i i might consider no all right, i'm cutting half there if it works, it works, that's fine! It took like a 10 loss or something oh, a 30 loss.

So now, if we, if we drop down here, it'll it'll be like a 300 loss versus it's like 330 versus like 660., just not in the mood to give back. But if i'll explain why? I kind of why i'm thinking about this. So, let's go like a five day here: let's remove after hours, so i like this like this, this curl look. It's got going on right where we had the spike tested, support or like previous resistance that turned into support and now we're curling back up.

If we can get over this 1440, we have a definitely a nice little trend break coming along here, um, so i i might consider holding for a 15 test at that point, but again, just not i'm not overly convicted on it. That's all it's! It's more! The market than it is the the the the setup, but you know the market does have a lot to do with how effective setups are um and you'll see that if you track over time, i i have tracked data in excel and it's uh, the the overall Condition of not only you know the actual market, you know the s p, 500, but also the the small cap market, or you know the just the momentum along. It really impacts the effectiveness of setups, like this setup is still really nice, but in a hotter market. Let's say this breaks trend, i wouldn't be surprised to see 20.

if it breaks trend here i wouldn't be surprised to see like 14.50. You know double like test this test, this double top here. So, that's, i guess that's what it boils down to for me man, while we're looking at this ice. I got a little lucky.

I uh i like eight years. I told you i like it here see for bounce um, so i was swinging this the other day. Gwh i cut it for break even because the the overall market just sucked and my risk was 14.. I guess i got.

I sold it uh, let's get a five day up. It was really. I was really mad because i sold it um here and then it spiked up two dollars a share, but i would not have sold that not a shot. I probably won't even see it.

There's like i wouldn't have seen it. So i don't really look at the market after hours, anymore um, but you know i would have gotten stopped out for a full-size loss, so i got a little lucky there just deciding to cut for break even because the market sucked is there anything else. I like right now i don't see a whole lot. All right, you guys know i plan on cfvi, though so i'm gon na get rid of that chart, we'll throw up the chat and see if anyone's got some questions.

1350 should be relatively key here on cfei. So if you're watching it that's kind, a break, there should be very telling on it's just really struggling. I mean there's just the walls, not moving they're. Just they keep refreshing it any of my small cap rockets votes.

Do we have any questions i'll uh go over? Those first and i'll pop back over to youtube and then i'll, probably look to uh end the stream here we're getting about a half hour and i'm a little tired from my workout talking takes more out of me too pop the youtube chat back up as well. I don't like acet i'll double check it, real, quick yeah too choppy. For me, a ct is just a too wicky probably works. I don't know everything.

I don't like that. Like kind of looks nice, but i don't like the look always seems to work without me. Um, so who knows i just personally, don't like it, it's too many wicks, not enough range, given the wicks just seems like too much stress. Oh, what would you say to someone that is eight months in and still hasn't found consistency? Oh, i don't know that it took me two and a half years to find consistency.

That's what i would say eight months is nothing nothing. You probably won't find even in a hot market like you'll, find consistency, um quote unquote, but a lot of a lot of the times like it's going to it's going to be a luck factor everything's just going up. Um, not not said. No, that's not always the case.

I know some great traders who were um, you know birthed in the the bitcoin run, was crazy right and some really great traders are birthed out of these out of these hot markets. Um, but i mean eight months, isn't isn't like. I'm sorry i swore on stream. You don't have to watch.

If you don't want, but like eight months is nothing so don't don't be discouraged, it's probably going to take you closer to one to two years to even begin to find that real consistency, you're looking for third day surge setup, let's see it's cfo third day search In a way, not really it's not one that i would classify under like a strong third day surge setup. Um, it's it's it's a weird one. I don't. I don't really have a name for this daily chart on cfei uh.

Let's see was cpix move similar to what you're looking for on cfvi after spike several days ago, held a nice base. Today they moved yeah more or less right like more or less. I i think i personally, like the looks of cpix a little bit more um. Just because, like it wasn't it wasn't it didn't close the day under under under open and then gap up and close the day under open, et cetera.

Um like like cfvi did on monday, but it is a similar look on the multi-day for sure. Do i like isig for breakout, probably, but i probably won't take it yeah it now. Isig shorts are definitely stuck. That was the spot right there.

As i pulled up the chart, it uh on my other screen there at uh 1450, but that's the only spot. I would have considered taking it just seems too risky for me, i'm like i'm not not to say like i'm, not i love. I love risk. I love taking risks, but only at the right time to me.

This has too much downside potential range like it's trying to do here, trying to stuff that 15. spread is massive, so even if i got in it 14, i tried to slap on the asking only at 30 cents, even though the the slap out of the bid, The bid's at 14, 30 and the ask was at 14.90, so it's like it's too too risky for me, even though it looks nice, i generally don't play stocks with that setup. I would need a really hard watch down to like 12 for me to consider it. I think hello from thousand oaks - california, hello from austin texas, are trading options, something for you to consider.

Yes, but yes, yes, kind of i'm working on stuff, but i i've lost a lot of money, just golowing options before with no actual data. This will be once i get my options. Strategy going, it'll be much more databased based on data. Oh you, oh wuv short.

I don't know, i don't short stocks really yet am i in on ptpi? No, should i be well it's down eight percent today. So i probably don't want to be in that aubry very nice aubrey had a nice sell of their half on on isig there a set moving without without me did that work. As soon as i said, i don't like it. Yep sure did a set over vlog.

Now, what do you usually do when you find yourself a bag holder? I don't find myself a bag holder because i just sell when it hits my risk, which i mean that that's why i'm not a bag holder, though, is because i have risk management bag holders. Generally, don't have risk management. You should always have i'm a firm believer that you should always have a stop. No, like a stop that you are going to sell when you buy, you should know exactly and that's there we go full circle.

That is why cells are more important, because if you don't know your cell plan, even on the downside, you're screwed, then you're a bag holder. What patterns do i see working in today's markets ooh? Lately i like last week not a whole lot. I didn't really like anything um, because there wasn't a whole lot moving last week today it was just it actually. You know what it's midday pops.

That is all that has really worked so far in this market. It's like midday, pops, um. That's worked the best. The problem is, i've got no problem with that, because a lot of times that'll happen in a hot market too, where you get these midday pops, but then they sustain um.

They tell you which is going to be the strongest stock of the day, and there are a lot more midday pops. I find it. I have no, like i'm sure i could have gotten in a couple of these midday pops um cpix, even but there are so many charts right now that have that same exact, look, midday, those low volume, consolidation looks and the problem is i'll, lose on nine of Them and make money on one and the risk reward. Just isn't there i'm a bad seller baby.

You know it andy, you know it yeah. No and there's i mean there's here's the deal uh as to someone uh lance said small scallop on ace asat a-c-e-t, as you said too choppy a lot of people. A lot of a lot of traders like oh scalping, is scalping sucks. That's not the way.

Here's the thing um yeah, it's it is tough you're you become the biggest issue i have with scalping. Is i become limited on size um like if i, if i want to go, you know there is a lot of volatility right now. Don't get me wrong, but if i take 15 20 000 shares. I am like i'm taking out an ask and if i want to sell that, i'm gon na take out a bidder.

You know what i mean like it. I'm limited on size. I can't go buy 50 000 shares um of a lot of these stocks, because the the minute by minute, the minute by minute, can't candles on something like the cfi. It's 45 000 shares.

I cannot be the entire minute of volume on a single entry, so it's tough in that regard. Um smaller gains, obviously, ideally more consistency, um, but sizing is limited and and gains are limited too right, like scalping, implies you're selling, quick sure i get lucky on some. That pop up and i get popped into a halt that happens absolutely, but for the most part i'm going for these smaller percent gains, because i'm having a higher win rate and my losses are small - is it is spread important in taking a trade for me, yeah Um, for me, it's a way to account for uh if i see a wide spread, but i just want to be in the trade i just have to take smaller size, because i know i'm gon na get slippage. If i'm wrong.

Cfei had 1348 as a 52 week before the spike opened his new high day 1548 more than the previous resistance yeah, more or less um. That is still an important number. That 52-week high is still an important number, but i would say today's action. There's been a lot of volume, um more recent, the news more recent, either trapped, shorts or trapped longs.

However, you want to look at it, whatever price you're, looking at from um, so yeah in terms of this intraday price action that high a day is probably more significant. What do you think about learning options from market evolved trading? He crushed it today. He uh, i think he locked in like a hundred plus thousand dollars. Um he's really good at it.

He's really good at it. I'll probably be looking to learn from him. When i uh, when i decide, i want to start moving into options. Why do you think the market is so slow, considering it's december? There's here's the problem right, like there's a few things, this isn't necessarily extremely unusual, the beginning of december um.

It's it's been like, even in december's, where that market really gets hot starting off summer. Slow isn't always unusual number two uh! You have basically that december sell-off for tax harvesters of larger. You know larger larger cap buying right, it's a if, if you're down in the position, okay! Well, i made money on others i'll get a tax write-off for selling this. Ideally, i can buy it back in uh in january.

That's another big part of it to use blue light, glasses, any tips to avoid dry painful eyes. I probably should use blue light glasses. I've tried them before and i'm just not a glasses guy. I do wear contacts they.

I pro there's probably blue light contacts out. There don't use oracle levels to buy and sell. I don't um. I think it's a great tool, though, for those who, for those who are uh struggling to find meaningful support and resistance, their strategy.

Oracle is a stock straight tool and it basically marks out levels um, basically marks out great levels. I do think it's a great tool, perfect good job, lance, let's see any other questions, guys i'm getting ready to wrap it up. Here. It's been about 40 minutes.

Now, i'm starving don't see a whole lot. I like um cfei, is approaching down towards that 1310 level that i had isig just broke out over high a day now at 1540s um. If you can get a really harsh pull here and then recovery, then how long that's? What i'm looking for a really harsh pull down to like 12s to 13s in a candle and then grind back up then i'm liking. It then i'm liking it, but it doesn't.

Look like it's going to do it. It's just hovering right now. It needs a really big seller to step in cfei, trying to come back up to that 1350 level. Hey man for a new trader with a count of 25k.

What kind of game should i be? Shooting for per trade. Here's the deal. I hate to break this to you, but as a day trader, i don't think you should be setting. I i don't set daily p l goals right like because the market will tell you that um and if you're a new trader with a 25k account there's so so many factors that go into this um.

I am super fortunate. I didn't have a lot of money to trade with when i first started trading because as a new trader, you are going to lose more than you win and so then, with a small account, you you really uh limit. You limit your losses while gaining that knowledge and then, during that time, you're losing uh your your your you're practicing you're learning risk management, because risk management will tell you everything. It is like the most important, the single most important factor in trading um, so that, like that's, why i never go for like a a daily p l goal, no matter my account size, because when the market's hot i can, i can make more money.

On a 50 000 account than i could in a slow market with a 300 000 account, in fact, i'd argue like a 300 000 account in a slow market. I'm opening myself up to way more risk um, and so you know i personally am always cash, because i'm a day trader but for me quote unquote: cash means how much like how much do i have in my account um. So i i drastically reduce my account size when i'm in a slower market because it works. For me, that's, like my that's part of my risk management is.

If i have a big account, i have no issue taking like 20 trades. At the same time, um well with a smaller account. I forced myself to be more limited, um and if i take a loss instead of taking 20 or probably not 20., but realistically, if i'm in a slow market - and i have a really rough day - let's say i take 10 losses or even 15 losses like let's Just pretend - and i get five wins - i probably still gon na lose money on that, whereas with a 50k account, i'm i'm dropping my ability to size into trades, a lot more and being forced to pick the best ones. That's how i look at it.

I know. There's a really long explanation there um, but i you know definitely with a newer account um i'm just i'm just saying. I personally was really fortunate that i i got to start small and you know be really careful trading with a 25k account if you're brand new uh, let's see only 46 likes. What is this? We need more.

We need more hit. The like button hit the like button. I don't know how many people are watching right now, no idea, how do i find that out? Ah there we go. Oh, i need to refresh the page um.

Maybe maybe i need a refresh page, i'm not a technology. 400 people watching and only 50 likes - we can do better than that. We can do better than that. Let's see, let's see, let's see, why don't you switch to going short if your longs don't currently work because there's no follow-through, i probably will if this continues um.

It's it's just. I don't have a ton of data on my shorts. I don't so it's like. I don't.

I don't want to go into this these trades blindly, just because the market's different um, if this continues i'll start, i do have a short strategy. I've been kind of working on dabbling in nothing, i'm overly confident in yet, though so i'll, probably just fund a small account and learn small learn the right way, and at least then i will be prepared for different market conditions like i'll, probably just start getting consistent With shorts, the market reheats up, which is good though, because then i've got longs to go back to to fall back on still losing stop-loss hit five times a day. Oh man, if you want to talk about stops getting hit, i took 13 straight losses on uh. Two fridays ago, so not this not like four days ago, whatever it was, the the end of thanksgiving week, four or 13 straight full-size losses it sucked that was the worst i've ever had before uh.

Can you set up a screener to locate panic dip buys uh? I i mean i don't know the way i would do. That is just like keep a list of the top percent gainers on watch. Multi-Day massive runs and then have a watch list for that. So you can see when they're going red.

How small is your encounter during the learning process, the first two and a half years? It fluctuated a lot. I think i started off my first count like two grand. Then i worked it up. I i was working.

I've talked about this, so i'm not gon na repeat that, but with the money i saved up from work, i made it up like 10 grand and i started losing because i too big of an account. So i drew back down to like three grand and then back up at one point like 12 grand and then back down to five grand so anywhere between, like twelve uh, two thousand and twelve thousand um. But i learned my best lessons with the the two thousand dollar accounts blew up one or two of them: uh, let's see wow, okay, i'm gon na finish off these questions. Um start off with small cap here finish these off.

Can i just clarify your risk? Management? Is it as simple as buying the number of share positions that equates equates to the risk price you have established as the support you're using for the most part. I mean yes, so when i i'm a little different, because i have no issue getting out of a trade before my risk is hit um and you know the reason i can do. That is one because i'm over pdt um and two, because i know my setup so well that i know that when it's not working pretty quickly after i buy it, that's not a good sign for me, so i always have a support level where, if it cracks, I'm out, but even as you saw in cfi, it took half off on that that first failure gon na. Let try to let the other half work.

I might rebuy it back, probably not at this point, because i just retested support. It's not like. I get a new support level um, but that's that's yeah. I mean in theory it's just as simple as buying the number of shares that equals the dollar risk to the support price that you'll sell under in theory.

Yes, um now you're gon na get slippage with stops, especially if you're in the otc market you're gon na catch slippage, so sometimes i'll size down. If i know i'm gon na get slippage or accept a bigger loss, knowing that slippage is the thing. If i really like the setup no issue just i have no issue taking slippage. Let's see got a couple more questions here.

I'm gon na wrap it up on youtube. Um. Give me a second i'm considering: okay uh, how do you manage percent trailing? Stop, i don't use trailing stops. I couldn't tell you i still like cfvi.

Do i do now. We got a refresh seller sitting at 1346 on cfbi holy holy crap got a lot of a lot of comments here. Um, let's see gotcha got you i'm nobody. You know i'm a company, no, no one's a nobody, man, no one's a nobody, but every every opinion is valid.

You know what i mean like. I know this, isn't your question or anything, but a lot of times like i what's what's beautiful, about being brand new to trading, is that you look at it in a much simpler state of mind that usually isn't a great thing, and maybe i don't know if You're whoever's coming to this - i don't know if you're new or not, but a lot of less consistent traders, look at things so much simpler state of mind and a lot of times. I know one of the biggest issues i have is i over complicate entering a good trade. So i i i love hearing all all different sides of a trade idea, but let's see, i would say, watch the markets and don't trade gets you a good feeling.

So you know when the setups that work for you hit a hundred percent. The only argument i have to that is that, during a slower market, the setup doesn't present itself as often so you're watching a much lower frequency the best times to learn a good setup, in my opinion, are in a hot market the best time to to test Your discipline and definitely don't get me wrong. There are setups to watch in a slower market, but you're not getting a very high frequency of of of these setups, so during a slower market. What i like to do and what i probably will start doing this week.

I just need to go back through old charts and see okay. What worked you know during different time periods? What how? How did how well did shorts work during 2018, most of 2019, when most of the gappers just faded off all day? What was the best entry spot stuff like that 158 likes legs, oh yeah me and all day are great friends. Um, let's see, let's see, can we push through 1350 cfbi there we go trying it's trying to show you that little view op stuff. Now, though, i love that they just put the sellers right back at 13.50 um that risk is definitely going to be on that 13.

10. Now, 13. 10. Was it 13 13.

um? That's looking like a stuff though, but this is one i'm just gon na set a heart stop on yeah. I won't, though, because i'll sell it i'll probably will sell a harsh pop into 14.. I don't have time to cancel my stop so i'll, be watching like a hawk uh. Let's see, let's see how many times do you hit support? Wait if you hit s, l yeah, i don't know what sl means.

How do you read the tape? What am i looking for man? That's nothing more than screen time. I cannot tell you, there's nothing, there's nothing! I can talk about that. Will help you with reading tape. I hate to break it to you.

I wish i i wish there was. I really do, but there isn't, you got to watch it record, it watch it at key areas and that will tell you a lot dc product going to 10. No, could i don't know no idea, i just don't see it going to 10.. Many lessons were learned in 2020.

That is correct. What are your goals outside of the market? I have a lot of goals. I have a lot. That's that's a cool little question.

That's what i'll end on i'm gon na end on that question. Um goals are to outside of them completely outside of the market. I've got some projects i'm working on to to generate other income, other sources of income um. One of my biggest goals, though, is really just like to as corny as this is gon na sound um.

It's really just like keep working on being happy. I'm a generally i'm a pretty happy person um, but i i money has consumed me before and i don't want to let it be the the only thing going on in my life. So, just like doing things i enjoy um doing things i enjoy and uh just trying to do whatever i can to make me happy. That's like my biggest goal and i'm working out a lot, i'm trying to i'm trying to put on size but being like six.

Seven is tough to tough to gain weight. Let me tell you um, oh okay, into that last question that i was trying to answer before. How many times does it hit your stop loss and it gives you a breakout or breakdown after it depends? I mean it depends on the market condition uh when the market's hot or a lot of times. If i'm using too tight of a stop, we'll go through and just instantly recover, um yeah, all right, everybody, oh hey this market! Does this market forced you to anticipate making trades in the same ideas but entering when the chart shows signs potential rather than confirmations a little bit, but i'm still, my main goal is still really to just work.

For that, like wait for that confirmation um the only time i'll really anticipate is if the level two sets up right, maybe i'll try to get in a little early. But besides that, not a ton of anticipation trying to work hard on just continuing waiting for that confirmation. Anyway, all right - i am uh - i am i am out of here. I see i know more.

Questions are coming in, but i said i wanted to end it around there and i've already been going for nearly 50 minutes now. So thank you guys for watching. We should be here back again tomorrow in the afternoon, not sure on the exact time, if you guys want to give stocks to trade, to follow on twitter and me trader, bryce we'll be letting us letting you guys know we're going live. I think stockstraight we put that out uh actually like oh probably 45 minutes before we even went live so um.

If you want to drop us, follow there on twitter, if you're, not already that will uh. Let us let you know when we're going live whatever time that may be sometime tomorrow afternoon and yeah guys, that's all i've got for today, um. I hope you guys are trading safe trading. Well, i do have fun doing this uh and two last things.

If you haven't hit that like button, if you're not subscribed, please do that. It just helps us out a lot um. You know we're doing this for free and number two guys like we're. I know i mention this every time, but i mean like we're doing this.

Basically, all day in small cap rockets, no, it's not live video, but i mean it's live. Questions live. Let me know we're getting into trades what i'm thinking about a trade um so like. If this is helpful to you - and you want more of it, you get that all day with us in small cap rockets so be sure we'll have a link in the description uh if you're interested probably have a trial.

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