 Hey guys, all right, we have another bow daily recap January 9th 2019 and the description today is bow traded two tickers first one. He traded at toes ATOS and in this video He talks about identifying the lines when to go short and when to go long the next one is a X SM That ran recently day three and how to play SSR and the SSR trigger. All right guys. Let's get into it Hey guys, welcome to daily recap today is Wednesday January 9th 2019 So the market's been pretty slow for small caps What do you guys think it's pretty slow, huh? It's so as I said in my IG live man when when things are slow like this You have to be more careful because there's not many opportunities for you to make back your loss if you do lose and When things are slow, what happens is the algos take over because liquidity is gone They control the game. They are most of the liquidity if if no one touches a button They're the algos are fighting one another back and forth and these are really quick You they they do illegal manipulation in which the government lets them because the government's kind of stupid They call it spoofing and putting up fake shit like I mean come on man You put 50,000 shares and then you know, you don't want to feel it and then when it comes close They pull it you know, it's just those I'll go kind of games spoofing games manipulation games So you don't want to be caught in that during the the periods where there's slow time So how you avoid that in my opinion is just avoid the noise and that's why I came up with the method of the lines Where the line Themselves become the areas of interest and just focus around those areas of interest and in between I call noise It's like you don't even have to worry about No, those areas because like dude, they just move up and down and stuff right so so let's start Yeah, man back in the day people just click ones. I don't know what the hell they're doing He's like they buy low and they sell high. I mean that's the goal constant Let's buy this shit momentum all that shit, but but but there's a reason to this madness You know, it's like dude, these lines are basically resistance and support lines and They are formed based upon data data is the prints that occur in the past You can call that reading tape dude People talk about reading the tape and all this stuff. I don't even do that because it's all imperative Inherents in in these lines itself because those are the previous prints. Those are the that's what happens every time it prints That's data and data goes into the resistance and sport lines. That's how you form those resistance and sport lines so Don't get caught up in this reading tape thing. I mean, that's What have you read it wrong, dude, you know, like oh, I just learned how to read Chinese So now you you know you tattoo some love symbol of Chinese love symbol in your arm. It turns out to be pig You know, that's what happens, you know You see a lot of like dumb Americans go to China and get a tattoo in Chinese thinking it's something else And then the guy gives them a different character, right? You see that kind of stuff all the time. So reading tape is You can read anything you want guys you can read you know, oh, there's there's the algo. Oh, there's a dye leader There is the guy that's supporting isn't you know, like man in my opinion guys Don't don't try to read Chinese If you're an expert as a different story But if you just learn how to read Chinese don't be fucking reading novels and shit in Chinese, you know Just stick to the the children's books So without a mind is what we did so every day we do the same things I'm gonna go through the same methods I used to trade right so we go through a scanner I look at the scanner and see what's going on and then based on the scanner I start drilling in and finding information about that stock. So today what was on scanner was a to s So once again, let's go through the same methods that I use Remember guys, this is how I do things. Okay, everyone does things differently I mean, I'm not the best but I'm just showing you what I do and Hopefully you pick up pieces of information that helps you with your own training strategy I'm not here to tell you to copy my strategy because it's the best because it's definitely not the best I screw up every single day guys, but you know what man between us We we have we share information. We figure out different ways and tackle it and these strategies change over time I'll go get smarter man. If you're training the same style you're training for the past 20 years It's not cutting it anymore, but you know what's what's good about the lines. It's it's been solid for decades centuries Sam found the lines all the way back in the 1900 with the Peter Wycoff, right? I Mean dude, it's crazy because it's basically the simplest technical Analysis you can get resistance and support you can't I mean This is the the easiest the simplest thing you can do for technical analysis Once you learn the basics, of course, you can go back and get a PhD and a master's degree and add your own Indicator more complex indicators for for me man as a simple day trader guys at this level This is enough for now. You will learn more as you get along and you implement it yourself But I just wanted to teach you the simple lines, right? And so let's let's figure this out That's how we looked up and let's figure out the research. So atos First thing I always look at the float dude The float determines how aggressive I could be with my orders If it's a large float Large as in Well over 10,000 10 million and you also have to look at the price do though. You have to look at the market cap because like It just because it's a certain float doesn't mean it's you know, think or not, right? You have to put everything perspective But for me five million is a very small foot to be very careful because the range can go up a lot So I'm looking at this. I'm just reading information institution own So in my head doesn't be right or wrong. This is the way I do it like a rough ballpark, right? I start subtracting these numbers from the float This is the worst case scenario I can get so there's four million left. There's three million left I'm just gonna say but the point is a small You don't need to know the exact number You just need to know it's small. It's like four million left or something like that five million and then you look at the Volume traded this it's flipped three times dude. So it's a game of hop a tail, right? So the flow has been rotated three times and so it gets me You know so when I see this volume was like half a million in beginning as like it gets me excited I'm like dude the stop was training 123 and this morning was like 170. It gets me excited. I'm like, holy crap There's meat on the bone So the second thing I always do is I go and look up the filings just to see there's first Well, I look at the news to see why the news up I'm like, oh cool phase one Like the face one bullshit Phase two to you saw what happened to a X SM man You know, you don't want to be touching phase two stuff, man It's I've lost so much money. Most of my losses have been phase two We don't we were not gonna get into why maybe later, but I mean, I'm not an expert on this enough of It's just phase two is like and was good data date phase two It means it's getting kind of legit man the companies get kind of get legit And so they need more money, of course for the phase three And so you start slamming it shorting thinking that is big dilution and then you get caught But we'll talk about that when we get to the AX SM So, you know, you read this stuff Okay phase one successful successful versus starting. So there's another keyword. There's this one at least is done A lot of these pure trash ones are Starting phase one. So when you hear the words like oh, it's beginning or it's defining You know the new trials the new phase one. It means like they didn't even do it yet. They need money So the more of these press releases you read, you don't need to read it Everything you just skim it for I call it buzzwords As long as you know, you read buzzwords, you know, like the start of the Just just all those like orphan drug, you know, just basically keywords that paint you the picture So the best scenario would be oh, there's their beginning or they just submitted an application for phase one I mean that they're like so far away. They need to raise money. So I'm saying so you so in this case, so they're like Successful, you don't need a word. They basically the worry looking for is completion at least, right? So but now you know that they complete phase one and they need money for phase two So those are the things I that goes through my head. And so then I look up ATOS into the filings There's been a wall since it did any sort of dilution, right? So Then I talked to Chicago Because there's no dilution. So that confirms it. So you don't think that so I'm not the expert on filings. I Am a very good technical trader. I can see the picture me That's the thing. You can't be the best in every single thing. I Mean, I I can spend a whole lifetime just learning filings or I or I just pick up enough basics So thank you Chicago Matt for creating the videos. So he's creating a video Serious for us on how to read these filings. You guys gotta watch it It's for members only and it's amazing dude. So I mean this is this is what m. I see is about So I think I think Chicago trader Matt for helping us out With these videos because now we can at least learn how to read them, right? I mean shit, dude for a long time I was blind. I didn't know any of this stuff Oh crap. It's us So now the the resistance would be here. Oh shit. I forgot to cancel it This is what I call house cleaning. I had a word at 175 a small buy and I Thought I canceled it before the daily recap. That's fine. Um, I'm gonna place this cell somewhere Support me 160 So this is good. So let's let's see. Let's let's bring up big charts and figure out how I figure out the lines Housekeeping's important guys you have you have to make sure you don't have open orders, man I do this all the time I get So lazy and forget sometimes and then you lose unnecessary money that you know So the way I drill out is I always start with a year at least so I get the big picture of how the stock is moving Then I zoom in I'm like, dude, this thing is getting like killed. I'll do it all the way down This is a piece of shit. Obviously, right? It's a pig Then I keep drilling down to I until I see areas of interest that that so now I'm getting into the six months I'm thinking oh two dollars is a great line guys See that So then I'm drilling further because I'm looking at the last time I always want to know what the last time it ran What did it the last time?