Alright guys quick recap here just because the stock we were talking about in the first post made a great move today (7/10/2018) As we discussed earlier on the week $MTSL is a former runner and gapped up today again. I took two trades on $MSTL and i'm very disappointed on how I traded that today. Let's break it down TRADE 1* My first trade was around 10:25 am after the stock got in to a halt. I jumped in at 2.10 for the first one minute candle to make a new high but something was not right, not to blame the platform or the internet but it was "choking" on the break out point, not moving organically, so I decided to get out at BE just to avoid a big loss, not too late after it made the move I was looking for but I was flat. What really makes me mad about today's trading session at $MTSL is that I didn't take the best opportunity $MTSL offer to us. After the halt and my first trade the stock consolidated beautifully above the vwap with very low volume on it, forming a beautiful flag or ABCD or whatever you prefer to call it. I hesitate to get in because of the earlier "weird" action on it and missed the best move of the day on it. TRADE 3* I would like to point it out that the pattern that formed from 10:20 to 10:31 is a picture perfect pattern that we discuss on the first blog post. At that point the stock was above daily EMA's and closest pivot, made a nice push and after the halt it stayed strong, it consolidate with low volume and above intraday EMA's + VWAP and we had volume confirmation (picking up) on the breakout point. Everything that I look for was there, my only concern was some external interference that made me hesitate on taking that move. Very disappointing. TRADE 2*After missing the best opportunity of the day, $MTSL got halted again and I "rinse and repeat" the process, maybe this time a bit riskier considering that it made 2 or 3 big moves intraday already and we were far into the morning. I decided to take a small size trade after the halt on the first one minute candle to make a new high for a small profit. Not the most amazing trade but there are elements of what we discussed in terms of strategie on that trade as well. TRADE 4*As I was wrapping up my day our member Joshua pointed it out that $MTSL was still looking good on the 5 min chart and damn right it was. I usually use 1m 3m and D for my charts but I will go back to the 1m 5m and D in view that it gives me a better picture on the current markets for low floats, the 3 minutes has given me a lot of "false" information on the market we are right now. If you look at the 5 minutes chart there is absolutely no difference on what we look for on the 1 minute. We have a big push, shallow pullback and the first 5 min candle to make a new high with volume is your entry. As the morning fades and we get closer to 11:30 am and 12 is better to trade bigger time frames, it will help you avoid fake outs and give better resolution than in the 1 minute chart. Thanks Josh! Finishing the day green but not proud at all. That's all for today guys, stay tuned on "blog post 2" where we discuss a more indepth aspect of trading, maybe a live trade, another stategie or another recap, today I just wanted to share this quick recap with you. Have a great day, follow your rules and trade safe! Fernando.

Fernando's Low float blog post 1 Good afternoon guys, I would like to start this thread to discuss some of the strats, rules, psychology, recaps and so on in the low float world. A Lot of our guys are interested in low floats and some of the other guys would like to learn to be more well rounded; whatever your reason is to read this "blog" I hope it helps you in a positive way. Today I want to touch on some basic rules and set ups I use everyday. Because of the nature of small caps you have to set up rules to minimize the risk that comes with trading low floats. Let's highlights a couple of those: - Recognize your strengths; accept your weakness: Off the bat low floats are not for everyone. It is a fast, high risk, niche type of trading, if this type of trading does not fit you style it's okay to find something else, don't force something unnecessary. It will save you money and stress. I eliminated all other trades, setups and stocks that I don't do well off my playbook, I only trade what i'm "good" at it. An example of trades I wrote off my book are pre-market high break. I have more losses at this strategy than winners, so why keep doing it? After recognizing if low floats is your thing, develop a play that you see success and stick to it, develop that, make it better everyday, polish it. My favorite set up is a bull flag or first candle to make new highs, well go over that with more details soon. - Don't chase; avoid FOMO: Low floats can run points in a matter of seconds, literally seconds. One of my biggest rules is to wait for a pullback regardless if the stock is moving 3 points without me. Sometimes these pullbacks happen inside a one minute candle but for the purpose of this rule lets keep it basic and say that is a more well defined risk to wait for one or two candle of pullback before getting in. This pullback will give you a more well defined "bottom" or stop loss and a better entry, minimizing your risk. - Wait for the set up to form; don't guess: Lots of people like to trade low floats because of its range and potential for a big reward, but thats is also true for a big loss. My next rule is to wait for the set up to come to you. Do not anticipate a move too much unless is obvious, but again for the purpose of this thread let's not anticipate anything and keep it simple. The most used set ups in low floats are "momentum break", "first one minute candle to make a new high" or a bull flag/ABCD, so wait for the set up to form in front of you, don't "guess" is the right time to get in, you can visualize the setup forming in front of you and than get in with confirmation of volume, order flow, level two and so on. - Tight stop; make it or break it: A important rule that helps me a bunch is to keep a tight mental stop. Low floats are trades to be done at a breakout point, if you don't get instant resolution at that point, than you better off exiting the trade with a small loss or break even and getting back in another time. Remember, the same way the stock skyrockets it can plunge like a rock. Breakout point is the key word. Those are simple rules that you can apply in your trading routine and hopefully will help you somehow. We'll revisit rules, pointers and more on upcoming posts, now let's break it down a basic strategy that I use everyday. On the picture attached we have a crystal clear set up that defines the basics of the play. $MTSL popped up on the scanners last week, so I went over my process to see if it was worth it: -Volume (check) - Daily levels (check) Intraday activity (check) So $MTSL made a pretty decent move from 1.70$ to 2$, in this play we need a strong move upwards to show us strength with decent volume on those candles (#1 and #2) so than the waiting game for the setup to form started. After the strong first push we have a really "weak" pullback to the vwap. When I say weak pullback im referring to the volume, play close attention on how much less volume we had on the pullback (#3, #4, #5) that tells me that people are not just yet interested in shorting the stock, most likely we have traders taking profit, also we have the vwap and 9EMA around that area, that gives me a well defined risk and some sort of support. My next step here is to look for the breakout point and that would be the 1st candle to make a NH (new high) with confirmation of volume, lvl 2 and tape. I got in around 1.95$ when I saw volume picking up (more than we had on the previous pullbacks), level 2 looked good, so did the tape. Volume is another indicator that I use to confirm a breakout, on candle #6 we can see that spike in vol. My first target was 2.15$ and the rest for a bigger move or out BE (breakeven). Like mentioned before, this is a very basic concept of low floats, that offers better risk management when trading those stocks. As you progress in the "World of low floats" you will develop into more advanced trades by getting lots of screen time and experience. The important thing here is to follow steps into developing as a trader. You don't want to jump in with 1000 shares on your first trade or maybe don't even try these out live right away. One last tip for todays post. Don't skip steps in learning, there is no magical shortcut, only hard work. If you are a beginner, embrace that. learn the basics, the patterns and than move into a simulator. Be a master of your tools and execution. Than start small. After all that stop losing alot of money, lose less, get to break even, make a little, than make more. Aim for consistency Understand that trading takes time to develop, be very meticulous with your learning experience and put all you got into learning (not all your money, just all your efforts). If you are serious about trading, you will need to work hard, it's not a game for everyone, but you need to give it your best shot to find out if its for you. The markets is a "eternal learning experience" and we all learning here. Hope this post can help all of our members in a way and looking forward to post more Best regards, trade safe and follow your rules. Fernando Duarte ps: Pardon any grammar mistakes, this is my second language.

Hey everybody! I wanted to see if we could possible setup another meetup for sometime in August for the NYC metro members. We had an incredible turnout the first time around and we've only grown since then! I know Fernando and Carlos will attend and maybe, just maybe we can get the 'boss' to attend as well. So I am putting this out there to see what everybody thinks. Throw out some dates and lets see if we can come to a consensus! I know I am available every Saturday except for the 11th (beer festival at Heckscher State Park out here on the Island), but other than that I am free!

Yeah. Strange week rather. You are right. I tag opening ranges and bull flags but will do others as well. I write up detailed notes but would be good to run stats.

It will be a great chance to meet fellow traders, I live 2 hour drive from the city

This would be cool! Maybe some Friday, as I live in NC and would have to fly out to NYC and stay there over the weekend. It would be great to meet up with folks, talk some trading and have a beer.

Hi guys, I tried to record a video and everything, but it was messed up xD, I'll try to do it tomorrow, today I'm just gonna type a loooooot)), hopefully someone enjoys it)) Anyway, my first trade for today was MU. At first MU looked to me as an oppening range break down, it was selling off making lower lows and lower highs, so I was waiting for a pullback to go short, and it actually gave that pull back at 9.36, as you can see I took it short there, but the second I took it short I noticed something else, 9.34 was a doji, 9:35 was higher high and higher low, 9:36 it was sruggling to go down, therefore after 15 secs I covered everything and at the same moment I went long! My entry was 54,50, my stop loss was the low of the 9:35 candle, I covered third of my position at 54,85 for 50 cents profit, and after a minute I missclicked and sold everything! I knew this wasn't the end of the move up, I panicked because I sold all the position while I could have made more, and I was thinking whether I should get back or just go to the next trade, my psycology was messed and at 9:41 I decided to go long again with the 2 thirds which I sold, I didn't plan anything, no stop loss, no exit target, nothing, therefore I was nervous, I can't make my stoploss at 54.5 as I'd have done before.. I didn't think of that when I took the trade again, therefore I sold everything below the 9ema 1 min chart, once I sold I regret again, I mean if I was calm, I'd have thought about it this way, MU made 60 cents move up, stocks usually make pullbacks to 9 or 20 ema after such a big moves, my second entry wasn't the best but it actually was good enough, I could have put my stop loss below the 20, which it didn't break and it eventually went higher!! The good thing I was still up a bit green My second trade on MU was at 10:34, I noticed that MU was trending, it broke the 20 2 times with 5 cents below it, so At 10:34 I decided to go long with a stop loss 5 cents below the 20, the risk was 7 cents, I didn't have any levels above, so to make it 2:1 I decided to cover at 14 cents half of my profit, which was the high of the 10:31 candle, and I covered the rest at 5.60 close to break even, it was actually a mistake of me to do that, I know it's not in the chart, but what happened is that it dropped to 55:59, then bounced to as high as 55.9. My third stock was BLIN, Same as MU, it made very huge move up, and as mentioned above, stocks tend to make a pullback to 9 or 20 after those moves before they go higher again, what I did is waiting for the stock to drop to see if it holds the 9 or drops below the 20, at 9:56 I saw that red candle failed to close below the 9, and 9:57 candle was holding the 9 so I thought it's a good entry, 20 ema and VWAP were only 10 cents below my entry, my reward was 3.27 at first, but I saw it climbing fast so I decided to cover a bit higher, I covered at 3.35 at first, 3.40 second third, then I saw it holding 3.4/3.45 lvl so I decided to get out at 3.35, this was overscaling around the same level but overall I think I did well, at 10:13 you can notice I went long again, that was because I saw the stock holding itself above the 3.1, I decided to go long as soon as it breaks the 20, once it did I went long, my first target was 3.27, then 3.45, but again hotkey mistake and I covered above the break even, my stop losss was below the 20 ema. My next trade on BLIN were at 10:36, it was a strong stock for more than an hour and a half, it was making higher highs and lows before that minute, then it suddenly dropped, I decided to take it long with a stop loss below the 50, target was the high of 10:35 candle, I was a bit nervous I don't know why, I sold all at 10:44 5 cents below my entry point, now looking at it I see that it found a suppoprt, 10:42 was a hammer, next candle didn't even go red, I still panicked I don't know why, but as soon as it broke the 20 I went long with a stop below the 20, I covered all at 3.62. Last trade on BLIN was at 11:07, I noticed it was holding the blue lane I draw, so I went long above VWAP with a stop below it. I sold everything at 3.3, I don't remember if it was a hotkey mistake or I wanted to sell everything, anyway, I should get used to sell a part and hold the rest to go higher This trade I'm really proud of, I forgot to take a picture for the 15 min chart, anyway, this stock has been selling off for a long time, I was babysitting it for 40 mins waiting for a reversal, I usually try to take reversals when down trending stock breaks above the 20 with some volume, here we can see that it broke it at 11:22, but I didn't go long because there was the 50sma above it, I waited for the stock to break above it, then I went long, along with that, 15 mins chart had this, small red candle, after it almsot a doji, and finally a candle which was controlled by buyers which was a good confirmation for a reversal for me, I covered 25% at 50.70, 15 cents profit, just to gain some profit, I then was waiting for it to go higher but I didn't like the price action, it was moving slower than I expected.. I had to leave, so to make it worth, I set a range stop loss/profit target as Andrew explained in his lessons, my stop loss was at break even, target was 50.85, eventually it hit my target, I still didn't leave by that time, I saw it climbing fast, wanted to cancel my order, but it hit it fast.. it was a small profit considering it moved +1 or 2 dollars, but it was a good trade, @Brendon was looking for this reversal as well, I believe he took it even before me)) I started watching it closely because he talked about a possible reversal :DD My final stock I traded was TWTR. as MU and BLINK, it moved up, I waited for a pullback to the 9, or 20, I waited for the stock to sell of, the red candle closed above the 9, then the 9.37 candle didn't go below the 9 ema so I decided to go long with a stop loss below the VWAP, and first profit target the high of the first move, I covered a part at 44.8, sold the rest at 45, it was 35 or 40 cents move, I need to teach myself to keep 25% of the stocks for the break even or a move higher.. Something I try to work on, but my greed always tells me to take the profits... My losing trade on TWTR was at 9:50, The stock was going higher, then it reversed to VWAP, 9:48, 9:49 candles held above VWAP, I believed it was going to bounce back, even though I heard @Andrew Aziz telling it's a short, I decided to stick to my plan, I went long above the 20, with a stop loss below the VWAP, the stock dropped fast, I was stopped out for 25 cents loss, it was a big loss considering I wanted to risk maximum 15 cents, but it did drop fast, at10:01 or 02 I decided to go long above the 50, but fast I changed my mind, I told myself I'm being stubborn about it, and forcing a stock to go myway won't change anything so I went out for 5 or 7 cents loss Hopefully someone read this all :PP Next time I'll try to make a video about it BTW, thanks @fernando for his blog and lessons, I actually started going on pullbacks after he went on mic and talked about going on trades only on pullbacks instead of chasing them, that's actually enough profitable and less risky, and makes good entries))

@Kar W I meant only account size (cash), not buying power (margin).