What's going on everybody trader bryce here with small cap recap, and i actually have a very special guest today: um live and in person i have miss ella monaco yep uh, i am officially dog. Sitter bryce, not trader bryce uh until until matt is gone, are back from he's, he's actually on a little work trip right now. I just got out of the shower uh ella mae monaco, on the other hand, did not get freshly showered. But what's pretty ironic about today's guest is that she is typically referred to as bear bear um or ella bear.

My hair is in my mouth um and very you know very unironically. I guess ironically ironic unironically. However, you want to say it: the market was pretty bearish today, um a little teddy bear, and i i'd like to think that she has a lot to do with why the market is the way it is um. You know basically bring her over to my house and all of a sudden, the market's down three percent, plus today, uh almost hitting i might actually hit down four percent so ella.

We thank you for your hard work and she is going to give a really quick analysis. Um ella thinks that the market can keep going down more and she also she wants to get down. So there you go put her in her little bed over here. Uh she's, having a good time over at my place, though you know she's, i like think so, anyways.

So that's why i'm not in the office. Today, though, you know she she doesn't like being left alone. I don't blame her uh she's in a little unfamiliar situation. So i had i had to stay here: cool uncle, bryce uh, where i'm gon na.

Basically, instead of trading, i'm gon na go and take her uh and be her wingman, i'm gon na. Instead of teaching her how to trade, i'm gon na teach her how to uh get the other pups out there. You know that are out in the prowl, i'm kidding anyways um yeah yeah. Listen! The market, though, is really tough right.

Now, there's not a lot of small cap opportunities and that's been a big part of why you know i haven't been doing a lot of small cap recap um. That being said, this is a great time and i'll keep standing by it every day. This is a time to study a time to journal a time to review past trades um. What's what used to work? You know breakouts, those really don't work well, anymore, ella's, venturing off um, oh and now she's barking too.

I've got i've got her lion here. So maybe that'll there we go keeper entertained, um, let's, let's dig out into not even some charts, like literally two, so this is the spy. Today we broke under 400. Officially, i want to say um yeah i mean this is this: is a new yearly low um? Today, 398 was our previous low um of this year today, 396.50 pretty wild, if i'm being honest, um.

Now that was kind of expected. You know once we're bouncing off that 400 level um, but i mean let's, let's go back right like and again, i'm just gon na keep going big picture here. Big picture right. Let me turn off the high and the lows.

Still in you know this. It really has potential, i mean i, i would hope we could, if, if it were to fall down into the three like sub 350, i would hope we could find that support between you know 350 and 330. um. But you know we, let's be real guys.

The economy isn't in the greatest spot, very inflated due to stimulus, um, and you know there's just we have to. We have to account for all of all of that really when it comes to where this market can go and again, just from a realistic standpoint. Just drawing this trend line like this was kind of the trend of the market before we went really parabolic and if it came down and really got back in the mid to high 300s. That wouldn't be the worst thing in terms of a healthy economy and we'll see you know, obviously what happens um moving forward.

No one can truly predict the future, but we're also in kind of, let me see if i can go back like 20 years. I mean this was the last bubble. I mean this wasn't even the bubble burst. I can't even go back the last bubble burst, but when the bubble did burst, like air comes out of the bag and now whether or not we go in an actual recession, listen, i don't.

I don't really know i mean i. I think we have potential to um. In terms of you know, economic, economically speaking, i think we're off 20 off highs, uh, which would indicate technically a bear market. But if the economy retracts what two quarters in a row or contracts uh two quarters in a row, i believe that is officially a recession period um and it's possible.

You know we're going to still have supply chain issues we're still having a labor shortage, even though employment is still hovering. Unemployment is still hovering around. Like six percent, i think um right now. Labor shortage and employers need labor right now, uh and so there's just a lot of uncertainty and with that uncertainty comes a lot less well, there's a lot of range, but obviously it's very volatile kind of a downward direction bear market and during those bear markets.

Uh generally, we don't have as much movement and uh in small caps, because you're getting a lot of range in the overall market. People are kind of taking their money out of the market, we're getting that selling pressure if you're a short bias trader, there's still a ton of opportunity. Now there aren't as many pops to short into, but i mean basically, you can you've been able to more or less just short. Everything you've wanted, uh the past few days, uh really past few weeks.

Ever since this fake 450 break uh bwv was the one trade um. I did. I personally didn't take any trades today by the way um, but bw bwv was actually a really great mover today, uh, despite everything you know we have this. I wouldn't have been looking at it in here and i don't trade midday, but this trend break was beautiful.

Right i mean there's, it was. It was a beautiful trade. You had that 470 spot and you just had a really nice rip and it did end up just literally going all the way back down. That's the type of follow through.

We have right now, but it was still a great opportunity nonetheless. So if you hit that congratulations um today, i'm actually also going to talk about a trade i took last week and ended up covering at the end of the week there. I got short um somewhere in here one of these spots, um in the in the low in the in the low 19s uh. So maybe it was gosh.

I don't even know exactly where it was. It might have been right in oh, i believe it was actually right over in here uh nineteen, and it was right here. It was on the 3rd of may uh got short. I only took starter size, unfortunately, 19 uh, oh something 1903, maybe um and we'll go over.

I'm gon na go over to like actually i'll just go over to a two-month chart here. We basically just had like this liquidity trap, in my opinion, um, and it still has a lot more downside room. Now we have that gap-fill potential uh, but you know i just i was happy with the the percent um and you know we're basing around that uh around this low here we had broken it, and i i didn't you know i didn't know what the overall market Was going to be like we already had a lot of downside movement um and i thought 400 might act as a better support than it did today. So i was happy um once we got this trend break this multi-day trend break uh.

I moved my risk to this this high 2035, but again originally i had taken starter size and with a it was essentially just going to be a 50 risk with the uh idea of building in, but i actually missed the day. This fell. I wanted to what day was the fifth that was thursday um. I was preparing for company to come.

Actually, i did have company coming in town that day uh and i just ended up missing the ad so in terms of risk reward for my original entry uh. Nothing, nothing crazy or with my original plan for my risk, you know risking up fifty percent that was based on math um, on on back testing on data on this setup um, but the origin. Then the plan from there is supposed to be an ad with a risk on that high and i just simply didn't get to it, so, unfortunately, it does suck that i didn't maximize the trade a little bit better, but i still had a great trade. Nonetheless, i ended up covering on friday, uh the low of day print actually was me right here 1502.

I actually had a few shares off at 1501 um, but uh. It was again. It was under a hundred hundred shares traded on that on this. On that 1501, i think i literally got like 14 shares filled somehow uh 1501 and then the rest was 1502., so it was a really a great trade.

I got that low a day and i there was just an order i set in the morning and ended up hitting so really really was happy with how that trade worked. Unfortunately, it did unwind a lot farther today, but again i was really just happy with. I think i mean i got what 20 of that trade so had i gotten that correct ad and that would have been a fantastic trade, but you know in terms of risk reward. It actually didn't make sense for the entry it took, but that's part of trading, sometimes uh.

It doesn't work out exactly as you planned. I did end up getting to move my risk to a dollar a share and i got four dollars a share out of it. Um but nonetheless, that basically it was the only that's the only trade i've taken since uh. Whatever day i entered that position, i don't think i've taken a trade since then the market just hasn't been there and guys.

That's the thing i want to drill across your brain right now is that this i can get rid of the charts now. This is not the time to be forcing trades. Um i'd pick ella up, but she looks so comfortable down here uh. This is not the time to be forcing trades.

The market will come back. In fact, i have a. I have a feeling: otcs will actually start making a move now that the market is kind of going downhill, uh people are going to be putting their money into other um into cheaper stocks right like once, we start finding a bottom. I have a feeling otc we're going to have a really really nice run uh.

We just need to find that bottom first, and even if this is a true bear market, we get a lot of bear market rallies when we find a bottom right, it doesn't mean that we'll be the bottom forever. It might only be the bottom. For a few weeks, but that is when i think we're gon na get some really great otc opportunities which will eventually work the way into great small cap opportunities. So if you are being safe and sitting on your hands, keep doing that, keep it up.

Keep studying right now right! This is just simply the best time to study uh and, if you guys do want some content to study feel free to join the small cap rockets uh using the trial is what i was going for there link down in the description below, but we do have A lot of webinars uh past webinars that you'll be able to have access to to start studying, while this market is slower uh. This is it's a great way to fill your day, and this is really the time where you should be getting screen time and even if it's not watching stocks that are working now, uh go through and look at the patterns that used to work watch any webinars. Any videos review any charts, you can um and i i have a great feeling that once this market finds a starts to find a bottom again, whether or not this is a bear market rally, there will be opportunities that come up so make sure you continue. Staying safe leave, a comment down below, if you think ella is a cute dog and if i'm a good dog sitter i like to think i am we're actually about to go outside and unfortunately she she hurt her little paws.

So we can't we can't be doing too much in terms like movement and whatnot, but that is okay, just gon na get a little walking in and it's a beautiful day out. So you know feel free to enjoy your day after the market closes. Because you have time during the market open to uh study or while the market's open to study anyways guys, that's all i've got for today. Thank you for watching again link down in the description below for small cap rockets, so you can watch through those uh previous webinars join us in chat throughout the day.

Uh jack daniels again is now in the chat and he's a very good short trader short bias. Trader so i'm excited to continue learning his short ways, especially during this market um in chat, so fingers crossed this bottom finds itself soon, but if not just keep studying, keep working keep staying safe and i will see you back here on wednesday until then peace out, Everyone 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 goals did 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.