's up everybody. This is trader bryce uh. I'm doing this intro because i i'm doing something i did a while back a couple months ago. Maybe a or two ago.

I actually just uploaded a webinar for steady trade team and small cap rockets and i wanted to show you guys basically what these members are getting because i'm really proud of the webinars. I do i put a lot of time and work into these so today's webinar was about a volume and how it's relative to basically price it it's watch the webinar. I pre recorded it here and i'm putting it on youtube to show you guys what i do every single wednesday for steady trade team and small cap rockets also has access to this so if you guys do want weekly access to these webinars click the link down in the description below and enjoy this webinar in place of today's small cap recap. So.

Today's today's video lesson. Though. Today's webinar is actually going to be about volume. And i guess like another breakdown on in my opinion.

Volume is a relative term. I did not yolo tesla. Calls should i have are they going through earnings looks. Like it eh.

The did they just beat earnings man that's like a nice little chart too i mean that daily chart that consolidation is really uh really nice there this is a nice little breakout chart. Oh my god this after hours action is scary what what am i looking at is that real are those prints. Real. Oh okay.

Oh yeah. That's great 13 year over year. Very nice all right well if i cannot figure this out give me a couple more minutes. But if i can't figure this out we'll just get right into the webinar.

Oh. Nice tesla ffie more drainage today looks like yeah. I'm watching rytm for short coming up soon just not sure when ritm is a really good case though of how we can kind of show the relative relativity of volume um because i so i got this question uh in small cap. The other day and i was like it was basically along the lines uh let me see if i can go find it let's see where was it how do you use volume to tell.

If there's potential for movement to the upside was the question um. Any advice for exiting stocks too early. I've tried lowering my position size and still didn't see any other things that i can do. 14.

Sold way too fast. Um journaling is your next best bet if lowering position size doesn't do anything for you your next best bet is journaling you just have to show yourself that you are continuing to make that same mistake um. That's that's really that's really all you can do right is just showing yourself that you are continuously making the same mistake day in and day out by writing it down on your journal. You know like write it down and you're eventually going to be like wow.

Why do i keep doing this why do i keep selling too early. But it's gonna take a lot of journaling. You're gonna need to go through so many examples and continue to do it. Because you need to realize it real time like okay.

Why am. I like this is the same mistake. I've been making for x amount of months in a row. Maybe i'll try holding on a little longer.

And i'm not great at it like i'm not amazing. Um. Another option is buying setting a stop and turning off your computer. Um that can help too.

It's not an awful. Idea. Uh. You know i that that has worked really well for me the other day.

I shorted my rhythm my rytm and i literally just went and did other stuff. I just shut down all my trading platforms um. And i went and cleaned and i went and cooked and then i went and took a nap and that forced me to not not even look at it right like i i find for me personally when i'm not actively staring at my screen. It's a lot easier to not care right um.

It's kind of the same theory. Too that so a lot of a lot of successful business. Owners do not actively manage their own business. Um and i'm talking.

I'm not when i say successful business owners. I mean successful entrepreneurs really they get to a point where they no longer manage their own business. They hire management whether it's a team or one person. But they hire someone to take care of the day to day operation.

So they can focus on the bigger picture goals right so they can focus on growing. The company instead of actively managing the company and it's the same idea when they're no longer looking at the day to day the minute to minute action. They're a lot easier a lot more they're more easily able to identify bigger picture trends and working on the bigger picture. It's the same exact theory.

There right um. That's that's that's what i would say like if you're struggling find a stock find a trade that um find a trade that has big long term potential and just shut. It off just shut off your screens. Uh dodger.

All the webinars are uploaded okay so in terms of um moving stops up i mean that's fine. But here's the thing you need to find something that works for you i never move my stops up. Unless i add to my position or a very new meaningful low was set um. I think using stops in terms of a 10 minute candlestick.

I haven't read this so i'm not sure. But you know i think there's better ways to do it because it just depends on the pattern or strategy. You're trading. But you don't need to keep moving your stop up because eventually what you're doing then right is you're just constantly changing your risk parameters.

Which is good because in theory. You're just taking profits on the way up or ensuring that profits are taken on the way up. But there's a lot that's just one way of managing risk um. Like looking to other options go through it guys i hate to break it to you.

But the only way that you are going to find that consistency is by going through your own data. And seeing okay where should i move my stop to where should i have done this and then journal. It and write it down. It's going to take hundreds of hours to go through every single one of your trades and do this now hundreds of hours is what's going to separate you it's what's going to turn you profitable um and it's not something you need to do overnight right.

It's it's something that you need to say okay for an hour every single day after work after the kids have gone to bed after my wife stopped yelling at me. I don't know i don't have a wife. But i've had enough girlfriends that just yell at me i can only imagine it gets worse. When you're.

When you're married um. Or maybe. My husband. If you're a woman because i trust me.

I know that we're uh. We're pretty awful too um. But you know what i'm saying though like find an hour a day that you can consistently go through and track your own trading data. If you are having trouble with selling too soon or moving your stop to the wrong like moving your stop too early and go through and back test your own trades and say where should i have moved my stop to and why and then journal.

It and then write it down and then attach a picture of that chart and show where you did move the stop to why you shouldn't have done that where you should moved it to. And what that would have meant for you i know that's a lot of work and i know that it sounds really boring. And guess what it is really boring. And it is a lot of work.

But it's what's going to separate you um from where you're at now if you want to get to a higher level and guys if i'm being honest the main reason i haven't exponentially progressed. Obviously is in part to the market not being extremely hot but i haven't put in that work in a while i've been relatively comfortable. Where i'm at in a trading sense. There's always room to expand.

But i'm looking i'm working on things outside of trading right now that i'm happy with um and so i'm trading you know less. But i'm also not putting in as much work and that's why i'm not like all of a sudden. Now. I'm not seeing these 10 20 30 000.

Days. Because guess what i'm content with i'm happy with the results. I'm getting from my trading right now being able to basically average one to two thousand bucks a day um. That's i'm happy for that now if you're not at a spot.

Where you're like i'm not happy. I'm not consistent yada yada you got to fix it and in order to fix it you got to put in that time so. That's what i'm going to say there i did not trade nuvg. I i was looking at it earlier today.

But again i had internet issues. Most of the day so i wasn't trading unfortunately yeah yeah all right i'm gonna grab a water and then we'll get into volume i'll let a couple if you have any more questions you have to like get back with my water to uh to ask them so you've got approximately one minute. I'll give you guys until 3 50 or 4 15. Eastern be right back.

I don't see any more questions. What's going on oh. I guess. It's not 3 15.

Yet or 4 15 depending on where you're at oh. Now it is all right fine. We'll get right into the volume. Then um okay so guys.

Today's today's video topic is like. I. Said volume um. Nice job gringo hell.

Yeah. Hell yeah. Um. Oh.

Now what guys guys. I said. Until 3. 15.

Y'all had a minute to type this and now i'm getting. All the questions um. My thoughts on the opinion or my opinion on the action. Pgy basically the same thing as usea.

It's the same exact thing. It's but again the sympathies never work as well now it's just dumping off because whoever promoted this moves like i'm out nothing nothing. I don't know looks like a good chart you know i didn't trade it but it looks like a good chart um. I traded dvto yesterday first half great 505 to 540.

Then price action was extremely volatile in wiki. So. I panicked out. And sold.

At 5 20. Yeah. So um evtl that's one of those. Stocks you just have to know how it moves um.

And that's kind of that's you know evtl is like that it's very wicky and we've seen that from the past few days of price action right very wiki. So you need to understand that and take profits quickly on those kinds of charts. But when i have really good trades. But nail good exits and entries make me start to get nervous like i'm going to mess up maybe get worried about getting too confident confident is a very underrated aspect of trading that you really need to have um confidence in your trading will carry you for a couple of weeks when you're making good trades.

You're really in tune with the market um. Yeah. I get it though all right are you guys on a uh are you guys ready to get into the topic. We'll probably do about 10 or 15 minutes of volume related discussion um just again show.

I guess you can kind of call like volumetrics. But really explain so on something like rytm today right much less volume than it was running on here yet more explosive price action here on lower volume despite it being a higher float. It's like well why is it doing that how is it doing that um. And because the volume is quite a bit lower and the float isn't rotating as much as it was here so what's the deal um.

That's what i want to no. No no okay oh volume sounds good okay. I thought you mean like volume. I was like no.

No i mean like trading volume not volume volume um. Yeah. That's that is essentially the question that i want to go over or not the question the my my thoughts on trading related volume. And how we can use it to better prepare ourselves to better to set better expectations for ourselves stuff like that um.

So let me go over a couple. A couple examples because the volume is a very important part of you know i go over i use this chart a lot. But it's the the one of the the one of the third day surge machines from back in the day. And i want to show why volume becomes so important so neg has been an infamously low float stock.

It's been around 4 million float for the entirety of its run um. Even during all of this so basically you have something like any gg. Right and price action was crazy right. I mean went from 10 bucks to 80 bucks.

More or less um. That's that's basically what happened there after stabilizing it this was a very very strategically thought out move someone was accumulating a lot of shares in here um probably both sides right. But a l. They were they were accumulating something or they were just holding it at this level for whatever reason and then began the accumulation as we got closer to here um.

But either way. This was a very well thought out trade um by a big guy or lady um. So anyways. The reason volume becomes so important is because when price action is holding above key levels.

Which i would say 10 was a very important consolidation level for a long time despite volume being low. Because we got this big perk on a lot of volume. And it held for literally a month above here on almost no volume and so what you then end up getting is this basically really tight consolidation like almost imagine this like that same consolidation pattern. We look for i know you can't really see it it's literally too tight.

But you have that perk and consolidation. So that volume uh. This first perk has a lot of volume you break out and the same thing happens again in a much shorter time frame of course now. But now you're getting this holding action right here on lo lower volume than the day of the run.

But it's holding up so in theory. Less volume is actually needed for continuation right more less volume is needed for more continuation. Because at this point. This day shorts are not able to cover this day shorts likely have not been able to cover because the volume is significantly lower.

And so what you then end up getting is what you call that blow off top day. If that volume can come in you can is a long you can never guarantee that volume is going to come in that's the one big big upside you have as a short is at some point you've reached maximum demand at some point you've reached exhaustion. So on a black swan blow off top type of trade like any gg. Where you're up 800 percent on crazy volume in the course of five trading days.

At some point you're getting that really mean first red day. And what you then can do the the maximum demand has essentially come in is it possible for this to you know this day. Right here go from break down under 40 and then rip to 100. Anything is possible right anything is.

But the odds are so unlikely so drastically unlikely that you are in the clear. More or less you're going to have a very high win percentage of short shorting these backside breakdowns. So you have a failed third day surge attempt which we're going to get into here. A failed third day surge attempt and then the multi day breakdown the day after you could have shorted at 43.

Risking 80 79 so you're risking 30 bucks a share but i mean if you swing that heck you only have to swing it for a few days. You're yeah you're risking roughly 100. Right you could even go as far as to risk. 59 um.

But the way i would do it is if i'm gonna short this i'm gonna maybe wait until this day. Where then i can now say okay comfortably my risk is 59. I can add into a pop. Which you would have and then you can cover on that first green day attempt right here.

Which it did do so you know you're shorting that 40 and you add you're risking 10 bucks. You're getting up getting a really easy one to one after you adjust your risk um or you keep holding. I mean you could have ended up getting down to like 20 bucks. 15.

20. Bucks. Um anyways. The reason.

I was talking about that is because i like i said you cannot guarantee demand to come in as a long. You're using indicators to help determine why demand should come in why volume should come in. But it doesn't have to as a short seller you kind of have the opposite where if you're shorting front side. You don't know how much demand can keep coming in but at some point demand has to exhaust and that's when you get a blow off top which is what we have here.

Where you are already getting these really nice runs on low volume well good volume. But then you get the blow off top day anyways volume. Here is still pretty high. I mean this day.

It rotated its float three times 12 million shares ran from 11 to 20 is up 100 consolidates still trading. You know three million shares this day. Four million shares this day breaking out finally having this breakout. You actually did have a third day surge attempt here.

We just didn't get enough volume and so then when you got this rip this day. It's official anyone who is shorted these three days is underwater. There's no way around it. So you have that gap up and at this point.

You would have seen a lot of volume already having come in then in that case. It's just saying okay. Where's my entry spot. What's my entry plan.

What's the pattern. I'm trading like what's the intraday pattern. I'm trading what's my risk level. It is very extended.

But knowing that at this point in the day right by the time this by the time. The market had opened. I would be willing to i'd be willing to venture a guess that had already. Traded i'd say by 10 o'clock am.

Eastern time it already traded about 10 million. Shares. Meaning. That it is already traded by that by within 30 minutes of the market officially opening.

It's already traded the same amount of shares. It's traded on almost every day of the run before that not combined. But you know what i'm saying and what that means is that okay we can assume that today is going to have more volume than the previous days. Knowing that it's extended so far off of lows.

Um like meaning that shorts are trapped from every other day. We are it's low float stock. It's already done within the first 30 to 60 minutes. Whatever you want to say we can actually go through and look.

But within that first 30 to 60 minutes. It's already done the same amount of volume. It's done the past few days on a day where it ran 100. It likely is going to blow off today.

The top is going to blow off shorts are going to be forced to margin cover yadda yadda yadda that is this that is how i look at. Volume. That's how my brain looks at volume on a daily and an intraday time frame. Now i traded.

I actually had a great. I had a twenty thousand dollar trade on this third day surge attempt which failed nonetheless. But it just didn't get enough volume right. But it still had a good it was a very mid range volume.

It was getting good volume um. The volume ultimately ended up dying off uh once it failed and that's fine. But you know what i mean like this um right this day right here i ended up just not getting enough demand. It could have and it was a it was a mid range spot.

I was trading the daily chart uh pattern the third day surge. But that was you know the extent of it really it just didn't get enough volume to follow through now let's go over to an intraday well a multi day chart like ryt. I'm and now let's break this one down oops let's uh here. I'm going to start this on a daily.

Actually because we'll look at some relative. You know similarities so these slower multi day runners have been great because they've actually been setting up with really nice third day surges lately. Which this one has had two rytm. So you had this second day.

Right here you had this rest day near highs beautiful right and then same thing note. The volume same very similar scenario to any gg actually um. You had this perk in here with abnormal volume relative to every other day really for the past few months. You had this perk and then holding up very similar to any gg which we just went over and then you get the breakout day on volume you get continuation beautiful okay.

Now you have your rest day. This is where shorts are either one going to add two going to just sit around and not have enough volume to cover or three. They're just gonna wait to see what happens the next day and sure enough you get the third day surge. So on this day.

It trades three million volume. The day after it nearly. Triples it two and a half times is it um with 78. Million shares and so volume is very relative because now at this point yeah.

It's only ever rotated its float once. But clearly something like ret rytm. We've run from four up to nine a little bit slower of a mover. You know relatively speaking to some low flow up 400 percent kind of move.

But two 100 in two days. Is still great 150 really two days still great and we know at this point. That even though the float is 34 million. It has been running a hundred percent on you know it ran let's see uh roughly 60 on only 72.

Million shares and then it ran another 50 on 30 million shares. We know it can move without a ton of volume coming in it doesn't need to rotate its float 30 million times. Over 34 million times over um. Instead.

We know that okay this rest day has still done a pretty good amount of volume and it's just holding it highs. But it's still much lower volume than this day and this day right. But it's relatively it's still done a lot more volume than it was doing in this period. In here when it had no attention.

So clearly it was getting attention to it the pre the next day the following day you get the breakout. More volume than the previous day traded of course less than here. But you're still over this day's price level meaning that any short from in here is underwater and any long in here is still in the money and we know that unfortunately. Most traders have one of two problems they don't like to sell when a stock is going against them or when they've been in the money.

The entire time they struggle to think that it can stop and they just hold and hope and they're like okay this thing's going to to 10 and then it gets to 10. They're like okay well now it's going to 15. Then it gets to 15. They're like okay well now it's going to 20.

Why would i sell why would i sell i mean i don't know if you guys heard the story about the one of the dogecoin millionaires. The guy literally when dogecoin is at like 10 or 11 cents. Took out a second mortgage on his house. Rode dogecoin all the way up into highs.

And is still holding to this day. Because he believes the hype you know you believe the story and that that is one. But that's good when it comes to multi day runners because it gives us smarter lungs edge. Where the only ones that are creating price action are new longs like us buying or shorts being forced to cover.

I shouldn't say the only but it's it's not no one no long is under water on this from the past a month. No one no long is under water and so that's how i use volume it takes the yeah. I know i just kind of went over a lot of different things there. But i take all those into consideration when i'm looking at volume.

That's why multi day structure is so important especially as it relates to volume and how we can look at it right. That's uh that's how i like to look at it anyway so i want to know in chat. If you guys have any questions. If not i am going to head out here.

I'm going to play some basketball tonight um. When you're in a runner. And are up how do you decide when to exit in terms of what you see in candles use five minute or one minute candles wait for a red. I just sell the strength that's it i sell them to strength i sell into areas of resistance um.

I make sure that the risk reward is worth it if it's a bigger trade. If not sometimes i just scalp. It it depends there it's a very that's a very situational question that question because it depends on what setup. I'm trading it depends on the i'm reacting constantly.

There's no unfortunately one answer for that i'm a very reaction. Reactionary trader. And when i'm reacting to price action uh. Sure i'll have a plan going in.

But um. That that that plan can change based on price action aehr. No that's no i mean i can i'm not really going to break it down no because it's basically a mid cap stock. It's really not a penny stock.

So i'm not going to break that down um. But i'll show you i'm assuming if you mean today. Because i know it was up like 30 today. Yeah.

No i i this this this isn't uh. I'm fun i mean. There's just this isn't my style of trade. So i've got no this was once a really great penny stock that had a great run that turned into a real company.

But that that's the extent of it that's basically it you know um. It could it keep running sure could it fall down and never come back sure i've got no idea um. But i mean at this point. It's to me is most likely a more fundamental base stock than it is technical.

I think it's not going to get enough volume unless they come out with some insane news to go supernova again in a short time frame. So that's that's about all i can say on that one yeah. I don't know yet no problem. I just don't want to give insight as onto something that i have no idea about you know you have a goal before you enter each trade yeah.

Yeah for the most part. But my goal is going to be very much so again based on areas of resistance um whether that's like daily chart resistance whether that's intraday resistance because then it's going to depend on where i'm entering and again what i'm trading. But i do have a goal in mind. But i'm not i don't force myself to stick to that goal.

It's just a goal um risk reward wise. No i just have a price level in mind that i see resistance at if i don't think the risk award is worth it i don't take the trade. But there are a lot of times. I'll take a one to one risk award trade.

It just it depends. It's again very situational based on setup. There that's how i'd answer that if i'm going into it knowing. It's gonna be a scalp.

Yeah i might be going for one to one if i'm going in for a bigger picture might be that three or four to one i might build into the trade i might size myself into the trade consistently moving up risk level to basically get a better risk reward. There's it's very there are just a lot of different options. Yeah of course of course. How you been gringo have you been i'm like really tired right now for some reason.

Oh i didn't sleep that great last night that could have something to do with it when do you realize that the target has to change. What are some indicators that change your mind failed breakouts uh. Failed high a day breaks. Um.

Uh dump out a dump out of absolutely. Nowhere. Um. A a pole.

Larger than expected um. A large love. A large ask showing on the level. Two.

That's trying to hold it down a bid prop getting taken out those are a couple examples nope. I didn't trade today yeah living the dream baby let's go let's go gringo i love it all right guys i think i'm gonna hop off here so i hope that uh i think that that's all i wanted to go over volume wise today. There's a lot of different ways we can look at volume. But that is my way of showing that volume is a relative term um.

Because it there are situations. Where we can use that volume like i said where maybe. It's not your traditional float rotator whatever. It's not rotating as much float volume is relative and at some point.

You will just demand won't be able to keep up. Unless you're a blue chip stock. Where people are just constantly pouring money into your company um. But for the type of stocks that we generally trade volume is relative in the sense that different different levels of volume will impact stocks differently at different points in their development in their charts development like we saw with rhythm.

It needed more volume in the beginning than it does now because it's holding higher same thing with neg. But when you get more volume after it's been holding higher you have a lot more potential for crazy follow through for those black swan trades um. So if this was helpful let me know and we can go more in depth on this next week or if you guys want a different topic. We can do a different topic next week as well.

But i think this is an extremely extremely important thing and re watch this guys. Because this all applies to intraday action. Too this is all the same one last example. I'll show you here on rytm is you'll notice the same thing at the end of the day today look at when that volume picked up even though it wasn't hundreds of thousands of shares traded a minute it's significantly more than we had during this consolidation period in the afternoon and then you had that price action that lined up with a consolidation break and what do you know you had pr volume that lined up with a consolidation break too and the two lined up beautifully so this can all be applied on multiple different time frames and whatnot so hopefully this was helpful guys i am going so let me know next week.

What you guys want webinar wise. Like what you want topic. Wise. And we can go over that okay all right y'all.

I'm heading out of here. Thank you so much for watching and uh. I'll see you guys we hope you guys enjoyed that last video thanks so much for watching and being a part of the stocks trade community. We wouldn't be here without you guys be sure to hit that like button and subscribe to the channel.

If you haven't already our goal is to get a hundred thousand subscribers by the end of the year. But we can't do it without your help so if you enjoy what we're putting out and want to hear more be sure to hit that subscribe button. I'll see you guys in the next video.