 Hey traders, this is Tosh I go by T Bradley 90 in the my investing club chat a general reminder for you guys for those Who don't know MIC is having a one-year anniversary event. It's coming up where bow is going to be trading live in front of members August 17th mark your calendars as an added benefit for our members The event is 100% free for annual and lifetime members And it's only access to them as there is limited seating while lifetime members on top of that get extra Coaching before the event in front-row seating while most charged for these events We show our support by making it free for annual and lifetime members if you are interested in signing up and attending this event DMT Bradley 90 in slack and Or email myself at Tosh at my investing club calm now. We have a very very special video for you guys today It's that time again about daily recaps So as you all know today was a very slow trading day and today we're gonna focus on slow trading days Bear market, perhaps max size rule Scalping how to squeeze some money out of a dead market your absolute max size max loss rule and tickers in question gene WKHS TBLT CLRB and TTNP Hey guys, welcome to the daily recap today is Monday May 13 2019 It's been a while since we did one of these, but I usually say the daily caps for Days that we have something to teach or something to learn or Days I lose and I want to teach or days, you know So it's we don't have a skitset schedule with daily caps Today was a very slow day for small caps. So I want to just Talk to you about that and how to trade these Markets man these markets been crazy How much is the the market down the day man? Is it down 600 points? 612 points That doesn't include last week's carnage tank as well so Those are asking How it feels like to trade in a bear market or a recession? This is it man People are scared. There's hardly any volume in Small caps if you're trading large caps a lot of volatility, but it's tough when You wake up and it gap down 500 points, right guys So I mean you're like shit. How can I short this it goes down? So sometimes, you know, it's tough In my opinion for every type of trader Bear if you think it's easy to short in a small cap I mean in a recession or a bear market is think again It's it's even more difficult the reason why shorts work is over extension, right? You have to have meat you have to have stocks are like way like that's just parabolic up and it's on a multi-day run and all that stuff Right, so it makes shorting much easier, but if you have a stock that doesn't go up keeps going down How can you chase? You can chase I guess but You know it makes the meat is not there. It makes trading much more difficult Hey WKS, let me see I have a little bit order on this But but yeah, it makes trading much more difficult man everything you want stocks to go up. It's good for longs and is good for shorts volume's good guys so today I wanted to teach them some stuff like Do I wake up and there's like hardly anything that's moving? Okay, and then when things are moving like these two stocks right here guys These are the two ones. I really wanted to short I woke up. I mean this is all market time, right? It's like dude, there's hardly any chance the moment it broke 270 and just started taking down I'm just waiting for it to pop back up to 280 line to short It just does not do it so I'm like dude There's no trade and then my time the market opens. I'm like dude. It's already at Where I wanted to cover This is the ideal cover spot. This is the low pivot line 225 Look at the low 221 So I wanted to go back to 240 so I can short the 250 line didn't do it You know it went up here, but now we're during the zombie hour 1030. It's like do hardly any meat is I So today is pretty much like done for this and same thing for TTMP Once it broke the 185 never look back Nothing you can do man this welcome to the bear welcome to bear country, you know You want stocks to go up a little bit so you can you can have an inch good entry It's just how do you chase it man that the market this thing opened up at 930? It opened up at 177 I Mean you already at the first line where you want to cover some there's no meat left You some saying so this is how I use these pivots I use these pivots as an entry as a as also an exit So each one of these lines I could be skilling out so that's how I do that So but today's lesson is on dude What the hell do you do when when you wake up and every single day is like this right every single day? You're like dude, there's no opportunity for me as a long. There's no opportunity for me as a short Let's take a look at the only long that is still alive OPTT which has nine million volume I Mean look look at the range you have a 10 cent scalp For a short seller this is no play because the first thing you do is you remember what we talked about You have to go through your process figure out what the flow and all that stuff is so usually what I wake up every morning I look at my my scanner and then I see what's moving so today with OPTT I'm like dude this this float and I'm not touching this stuff, right? I'm gonna die And then everybody's logging into that everyone is longing to start because this is the hot chick of the day nine million volume It's like the highest floater guy. I mean lowest float guy, but it doesn't go up I'm and you're thinking why the hell doesn't it go up? So you go I'm not a filings expert. I do a quick run through the filings to see if there's possible dilution I'll see you there's a new effective man So who knows are they selling this so you take a look at this effective There's an S1 This is pretty new. So if you go to this S1 here There's a bunch of shares man. You can read up on this and warrants and all that stuff and there's another one over here So you don't know man, it's like dude this this thing to me looks like someone's selling As much as they can but who knows the fact that it's One million float and then there's also dilution. I'm just trying to see hindsight the reason why it's not moving up right guys to me Um, I'm mainly a short seller. There's no play on this for me. I need meat There's a million float this thing could zombie right now who the hell knows Um, but from a long if you're a long side, you know, you take some chances You see there's a support here at 250 and there's just a channel that you're trading man You're just taking your 10 cent Which is No trade man. It's just barely doing anything. So welcome to bear country. Welcome to a recession This is how things look when we're we're in a bear market, right guys, which we haven't seen for like a decade. So This is what it is man. You wake up and there's hardly anything moving and then you're like, oh crap Look at look at the big caps large caps. There's stuff that's moving and then you jump in You don't know what you're doing and you fucking get killed um So what do you do right guys? So I mean, I'm gonna so I'm gonna show you what I did This so let's let's start with this. Okay Um, I always like to remind everybody dude You have to you have to stick to your process slow days hot days So I days that there are like 10 things running I do horrible I tell you I do horrible That's because I try to nail all 10 trades I I fuck up my process. I need to be in my process because I'm like, dude, I want to hit everything. I'm greedy Uh, so those days kind of screw me up too. So those days I see a ton of stuff running I have to remind myself that focus focus, but I'll focus on maybe three plays Focus at least nail one play Don't don't go around trying to nail 10 plays that you did not research So I I tend to make money on plays that I research pre-market Where I know the filings. I know the lines. I know the reason why it goes up. I I know the technical analysis I I I plan my trades. I put my fantasy orders out. I know what's going on Those are the the trades I make money the ones I pre-plan Not the ones I see on scanner. I jump in jump out those those I do horrible because I panic I don't know what the fuck I'm doing and then when I'm down I keep adding to a loser. That's what happens, man When you don't plan for things as a human As a human being you just kind of like panic and people panic differently. Some people panic the best way to panic is to do nothing Hey traders, this is tosh. I go by t bradley 90 in the my investing club chat Just wanted to reach out and say if you have any questions about m i c joining m i c Maybe you're a member already you have three ways to contact myself personally and through m i c you can hit our social media You can hit me through pms and chat or you can contact us through my email at tosh at my investing club dot com That's tosh at my investing club dot com I will get back to you in a timely manner and i'm saying this because i'm here to help and I don't want anybody to Be afraid to reach out and ask any question that they have we are here for you guys. All right. See you guys