 All right folks, hey, welcome on back here for another edition this Tuesday morning 11 o'clock Eastern September 19th our weekly traders talk workshop Q&A edition hosted by myself Josh Levitan great to see all of our students and members alike inside Our live trading room Revena Ryan Margaret Brad at Larry Lawrence Kathleen Sam and a few more of us joining us right now Topping off the morning session that we just had earlier inside our live trading room So great to have all of you there great to have all of us back Perhaps on our YouTube channel at cyber trading use so That further ado of course right now the markets have been dropping off going into this Fed meeting as we all should know The Fed meeting began today. It goes into tomorrow and you know at 2 p.m. Eastern time tomorrow We'll see what the Fed decision as far as officially the rates and any other you know policies that they may decide then from there I have a little competition at 2 30 Eastern tomorrow afternoon. We have Jerome Powell likely doing some sort of presser You know where he gives his official remarks and all that good stuff So you know hey outside of the market trending down I was not really expecting much across the market Normally the longer that you're here inside our live trading room at least you get to experience these days like you know pre holiday days and Pre-fed decision days or pre-election day days even where there's a lot of hesitation across the market Or there's just lower volume just being traded across the market So hey we had a pullback a couple good shorts today. That's not stopping AVG are right or at least it wasn't from earlier Looks like it's building a pennant now and never for a stock that makes such a big pop in the morning We typically know what's gonna happen to it at some point throughout the day as we evidently saw just yesterday Right actually we could even go back to yesterday to do the full review of this trade from a to z So I know I had a couple emails on this earlier from this morning Just in lieu of traders talk workshop today and wanting wanting me to go over this AVG are at least from this morning But actually let's just even begin from yesterday. So there's a lot to dig into here Let me get my level four up here. You know all sorts of crap up here right now. Nice really good video. So AVG are where are we here? There we go We're gonna go back to yesterday and we listen Hey If this is your first time joining me in traders talk if you're a new trial member joining me live inside our trading room Or if you're just on YouTube It's easy to say what happened in hindsight right looking at this, you know picture that it that's already painted It's easy to say oh in the morning it popped up from 525 up to 50 or so roughly then it pulled back and then it made a lower high and tanked it That's not what we're here for that's not why we're here Right, we're here to at least dig into the the real X's and O's as far as where the big levels are where the big support Resistance levels are across the day are so looking at this in pre-market this popped up early a 30 then tanked wasn't looking good Then I guess it rev back up a bit So once you begin to see a trend back up gives you some interest Okay, maybe at some point this can make like a real pop a real actual run I mean that's really the only thing I'm thinking about here at this very point in time So when I look at this heat map, I'm not even gonna ask us inside our chat board because honestly the answer is not as easy There's a lot of crap here actually a lot of dots. So I'm gonna look to kind of make this a lot larger. So give me a quick moment Really, I don't like to have too many dots on the screen gets a little cluttery You have a bunch of these short-lived orange red lines that pop up a key word being or key phrase being a bunch Meaning if there's really more than a few that doesn't mean that there's any one standing out more than another So none of those really are looking that like great to me. Yeah, they're orange and red But there's a lot of them. There's just like one of them. I'd say, okay that one price is a big level Okay, well, you know, you could always rely on good old whole number of levels and 50 cent increment levels like five dollars Five fifty six dollars six fifty seven dollars You know, those are likely going to be levels where we'll see some big volume traded at and for what it's worth For what it's worth. I will say six here seem to have been holding pretty nicely as a top a couple points where it perks above it here So it's not perfect, but at six dollars whole number level, you know, it was holding there kind of nicely, right? All right, so I will say six But if there is one level that stands out in relation to volume I would say right around here like 590 as well So there is a lot more volume traded off of 590 Again, you could say 582, but you know 590 will say and you know then from there six So point being is what happens after the market opens up during prime time hours That is from like 935 to 10 o'clock or so roughly You know, maybe you're going into 1030, but sooner is better than later for this to break over that resistance It could be a head fake So you always want to you know cross your T's and set your stops But you know, hey, you're never gonna make money if you don't take a trade and this is the level to take this trade off of it Seems like 590 really, but then six as your like whole number level just a top here. That seems to be pretty strong All right, so when the market opens what happens? Well, it looks like this actually breaks over six before the market even even opens how about that? So there we go. So this actually I want to shed some light on then So, okay pops above six before the market even opened. Do you just jump in just take this trade right here? Well, folks, it's easy to say that it popped up higher after the market opened, didn't it? This is right before the open though This is at like, I mean not only after 9 10 9 15 where I normally say to hang back and not trade But at like 9 25 in the morning, that's really where you should just kind of hang back and just say, okay I'm focused on this stock that that stock and this other stock, you know, I'm focused on these three trades I'm focused on these levels. I'm taking a deep breath I'm not trying to jump into a trade before all the craziness really begins Also in pre-market as we should know at least you can't set stops So, you know, of course, I'll trade pre-market as I'll show you just coming up here on the AVG are from this morning I don't want to jump off course or go on a tangent So I'll show you what I did on AVG are this morning But at least that was during like 8 o'clock 8 30 going into 9 o'clock. This is right before the open So if you're not as adjusted to trading pre-market knowing that you can't set a stop order to protect you Then there's a lot of emotion on the line here, right? So yeah, it's easy to say it popped and then further. Yeah, it broke even higher. Congrats Just odds are I'm not taking this trade. I didn't take this trade here And I didn't odds are I just wouldn't take it like out of a hundred times like no probability says I'm just gonna hang back. It's a Monday morning on top of that. So, you know, to begin the week even let's just kind of chill out for a bit So I will say six now. Is there a level that we could work off of with this pre-market data here now? Not really still not really maybe 650 like like we were saying 50 cent level Okay, so let's just go ahead to the market open We normally wait to you know hang back the first three to five minutes here even before we actively jump into trades So here when the market opens looks like we have a big print that comes in pretty quickly I guess I'll label this the opening bell print 28 29,000 shares at like 640 641 This does become a level for the time being, you know, we'll see how strong it is within the first couple of minutes or whatnot So what happens? Well, of course it runs up at first, right? It looks like it's about to get halted even then it pulls back a bit Well, I'll tell you what let me ask us here for Lawrence Rod Lee and Ryan ravina Margaret and all of us here joining me inside Our live trading room at least and under social feed as well on YouTube as well Hey answer when a stock breaks above resistance will call this price now a resistance Early within the first minute or so it broke over it and it freakin ran it made a big pop and run, right? And the stock breaks above resistance and it runs off of it We'd like to think that resistance should initially become what? For all of us here Yeah, support. Okay, so it breaks out right away Let's hang back for a second, right? It's just the first couple minutes Obviously, there are occasions albeit not as often where a stock just keeps ripping and running ripping and running with no pullback All right in those occasions, then we have to move on we is in myself too like hey, you know, I follow my rules pretty tightly here Try I try to have an exciting life outside of CTU and trading folks But you know, I'm a real stickler here when it comes to you know, CTU and my own trading So with that if there's a stock that just rips and runs completely without me You gotta move on to another trade and and you as in me like I would move on to another trade So what happens here? It pulls back Well about 15 minutes later. Look what happens It comes down Not only does it come down Not only does it hit that level But it makes the perfect type of move that I advocate for on a day-to-day basis Actually just um yesterday, you know, I was chatting with like a bunch of different students in the private chat inside our live trading room We have the phase one stock course taking place this week We restarted the education cycle from the very top again So we're into like phase one class number one and we're showing you. Hey like myself rich john Alex, you know, nick Fausto, of course himself We're super successful through the private chat feature inside our live trading room So hey this week expectably so and I appreciated it I had a lot of students chatting me from yesterday into this morning and i'm reiterating to them Hey, you know what when a stock breaks above resistance and it runs off of it The first test is the best test, right? I wrote that to a couple of different traders. They may be joining me live right now So perhaps they could that when a stock breaks above resistance It's the first test in which it's the best test The more times in which that level keeps getting poked at poked at poked at eventually it's getting weakened So what happens is the more it gets poked at it's going to get broken through on the way down So what I mean by that is Market open we're going to Consider this first dot this big dot here right at 9 30 a few seconds after 640 641 roughly that is your weekly open price the opening bell print for the day And hey with monday it was for the week So by the time it pulled back right My best entries to buy a stock are directly after it breaks through a big level On the way up so that relates to breakouts, you know that easily could relate to a breakout But in terms of support you do want to see the stock fall under the level first Because hey if it falls under it and just keeps dropping There's no entry you're not pressing buy, you know, it's not like you have an order Left out there hanging out there waiting to get filled You are waiting to see what happens here But you need to make you need to make sure the stock does this exact move here Now there was a trade I followed on a coaching call the student like like live last week it was on on thursday I think it was if i'm not mistaken The stock I think it was even caravana if i'm not mistaken as well We'll say caravana dropped down to $50 like huge level psychological level half a century level number And it just so perfectly hit the price and then just bounced right off of it And I had to sit there and tell the trader Honestly because i'm a stickler to my own like rule set and how I trade Yeah, I likely wouldn't have taken that trade there like you know just it hit there right there held it for like a minute But didn't break under it and just bounced up perfectly there. How often does that happen? Not as often as I'd want it to happen So you know if that was the case I'd be a lot more privy to take that type of trade Where i'm coming to here is that this does exactly to the t What I teaching class with thou still wants you to look for and and what we go over on a day-to-day basis here in trader Here inside a lot traders Trading room and weekly of course Here in our weekly workshop traders talk so it went under and then very quickly you could say it's on this bar Who's on this bar? I'd say the same thing though Under and over under and over and as soon as it breaks back through that level on the way up Hey, we do this every week here folks, right? So you're getting the greatest hits here today with me for lauren sam lee rod and all of us here When a stock breaks through a big level a little water break time What are we getting shortly after what should we be expecting shortly after a stock breaks through a big level? And we jump in we take the trade There we go. I got a kick out of eye on that one. So yeah big move big move shortly after right Now that big move could be a big move down You set your stop very tightly to that price you could be wrong in this assessment where it might Hold it for a minute give you a tiny bounce, but not a big bounce not the move that you're looking for You know hey for a five six dollar stock. How big is big is the question? Well, let's focus on time it hit here like right around 945 946 in the morning. All right, so let's say for reversal time is around 10 15 10 30 I'm not necessarily holding until 10 15 10 30 eastern But you know what I'll see if this can make higher lows and continue to build up towards that time frame The more it pops up in a shorter time frame. You're going to be more likely to just take the money and run Um, hey little question here for all those joining me live just full transparency, please For a five to ten dollar stock may I ask you? How often is it when you trade a five to ten dollar stock that you make a 50 cent profit on it? How often like from your own trading there's no competition here folks. It ain't no Swinging contest if you know what I mean But let me just ask How often for a five to ten dollar stock is it that you make a 50 cent profit on one trade? I got my I got my guy laurence. I in here who's a sharp shooter. It'll make 50 cents on maybe a couple trades few trades there but No on one on one shot Not often or a lot of us saying right? Ryan says he made it this morning on the avgr. There you go There you go. It's nice to see right The question is how often is is it often? Is it a lot? Is it every now and then is it not often at all? Or is it never right? It's really what it boils down to you know, if the answer is not Often or you know, it happens, you know Fair fairly every now and then then you should be more privy to take the money and run when you're up that 50 cents, right? You know chuck says hey about 20 of the time that sounds pretty solid to me chuck I'll tell you about that's pretty decent in terms of the amount of times you're trading a five to ten dollar stock like You know in this environment prime time hours you're putting yourself in Okay, well hey in that case then you could look to scale out on part of it Then hold on to a good chunk of it and play by the cyber clock, right level by level But for those that don't make it often at all or are rarely ever never You should be more keen to take that 50 cent move and run and just that's it But of course when it makes this pretty quick bounce and it's still only 9 50 in the morning 9 49 in the morning you say Okay, well, you know what it already broke above seven a few times here this morning, right from earlier It broke over it Even here nasty pop and drop so it's pretty intimidating. You can call it Pretty volatile volatile. You could say even again here it moves back up to it and then it holds it rightfully so but Hey for all of the times in which it's nipping and gnawing at seven dollars just like we talked about with 641 Well, the first test is the best test But what happens the more times it nips and gnaws that level it's weakening it, right? You'd like to think the more times it presses up against seven that we should get Wait for it. Wait for it. Wait for it. Wait for it a big move Shortly after so pardon me. I don't have this story perfectly down pat, you know minute by minute myself But you know just to say over time the more often in which this level gets tested We should be getting that decisive reaction off of it, right Now there's a couple of instances here like you can like easily say that it will hold resistance compared to Oh, it might break out. So for instance Nasty pop and drop right here. So after this pop and drop and it tanks I'd say oh, that's not looking good. I would move on to another trade there at that point honestly You know if you weren't in this trade from 641 then honestly this shake isn't looking too appetizing So, you know as you turn back to the stock maybe 15 minutes later 10 minutes later. It's like, oh, wow, this didn't tank Okay, well from this test To this test how much time has gone by? 952 To about 10 or 2 10 minutes has gone by in between level tests there We've seen longer in between level tests But to me and we talk about this often here is the more time is in which a stack is testing a level in a shorter Concentration you should be getting that decisive move even if this were to have tanked after it made the head fake one more time It's to say well, it's pressing up against it here and here and here It's keep keeps testing it then finally Thankfully, it's easy to say it popped upward, but it made that decisive reaction Right So hey it is to say if you jump into a trade and it's not making that decisive reaction very shortly after Then you have to be very careful You want to make sure the stock isn't breaking a lower low or at least if it's not like You know a really kind of breaking a lower from where it last was holding at here And there's a chance, but otherwise you got to be very careful in a situation like that So, you know, it's easy to say it chopped around then broke out You know if you jumped in and took a small loss or a break even and then the sucker popped up right on up after without you Those moments are frustrating, but i'll tell you if that's happening more often Then it's not then my Yes, is that there has to be something wrong with the entry there has to be an issue with you identifying a big level Or knowing when it's the right time to jump in from that level So, you know, if that happens, do you ever now and then it happens to the best of us? I don't want to shrug it off, but hey if that's a very consistent issue Then that is something that you and I would need to work together one on one left All right, so folks there's a lot to dig into I got some questions coming in through email a bunch that came in actually A couple coming in from chat and then I have a lot more to digest You know on this avgr trade from yesterday and then into this whole morning. So really quick Just asking here in the main chat. This is the problem. How do we know which uh, which hit it's going to break? So that was from just before I did just reiterate a second ago The more times in which it tests that big level in a shorter concentration That's where I feel most confident. So just stick with that So hey over time the stock obviously popped it pulled back this went through like the spin cycle throughout the afternoon You know, hey heading into the mid afternoon afternoon There was a chance for this to try and go and pop Actually really quick This gives me a good chance to go into another little instance I had with a student private chat just like talking just about a move that's all And they were asking me about support on the stock And at the time I said well at the time it was a little delayed reaction because I was doing the meeting So I came back Notice how this was resistance here You know orange line It was holding under 7 10 for a little while and then you know orange line showed up And then it broke out right nice little pop up from it Hey, when a stock breaks resistance and runs off of it the first test of it Is the best test So I was chatting with a student like throughout the the mid afternoon saying, you know This could have been a really good support level and it was at first But if we're not getting that big move shortly after and continuing the higher low game And for this to continue up Well, look what happened Now there's more to it than just saying that this stock is likely a very low float stock that trades like Crap volume and on a day-to-day basis outside of yesterday and today at least But um, you know otherwise though in the afternoon if it's not going to make that Continuated move up and and run up then the chances of this not just stalling out But just completely like anvilling back down the other way It greatly increases. So, you know, I was discussing that with a student one-on-one in chat yesterday So, you know, hey, same will be said here today, right? I don't think anyone was expecting abgr to make the move that it made this morning Let alone even in the after hours yesterday once the market closed Look at that pop that came from nowhere Like I don't think that you could look back on yesterday's graph at like 2 30 or 3 o'clock and say Yeah, this is going to be at $12 or $11 tomorrow morning You know, it's one of those low float You know low volume day trades that we would never ever look to really think about as a swing trade really You know, it's something that if it ends up popping up again the next morning as it did today Then maybe there's a chance but uh, I just want to get the news on the stock if anything so What is the news out on the stock? I don't even know that I'm not even just playing ignorant I am ignorant right now. That's the news so From yesterday morning dating back to yesterday abgr shares trading higher amid the company announcing the commercial launch of its tiger i st image guided cto crossing device. I'm not gonna try and explain to you what that means There might be someone here that may actually know about that stuff But not myself now with that though, I guess there's some other news that came out in the after hours though Spikes up to more than $12 after hours company early monday, but okay, so that's the same deal So it looks like abgr and a filing said Something about outstanding common stocks being held by non affiliates some sort of financial number that they released I reckon so Led to a big pop after hours, right? All right. Well, hey game on right? Hey, what if the stock ends up making another pump up? What if the stock ends up finding support from these levels yesterday then bounces up again, right? Yeah, those are all things that we could think about heading into the open so really quick once again It's easy to say that we know what happened to this stock once again this morning It popped up and made a small move for it for us But as far as where our levels are for this morning I mean definitely eight dollars is a key level just in case if this were to build support It was having a tough time trying to break above it yesterday and generally speaking It was holding under it in the afternoon and then you could even say eight fifty. I mean eight fifty Not every fifty cent level is going to be very strong But it really was holding pretty well as the high of the day right around here on a couple of these bars So I'll give it that respect Now though, let me jump back and move around a bit here. Look at this dropping right back down. So there we go All right. So this morning I took two trades on the abgr You know, hey going into the morning I didn't really have much of a thirst to trade pre-market But when I'm looking at a couple of things moving early in pre-market and nothing is going at all and I see abgr Not tanking I start sitting there thinking wow, what if there's a chance, you know What if this ends up making another, you know pop up once again this morning So this one ended up coming up, of course after eight o'clock I shouldn't say of course But uh for those of us maybe new or just if you're not on trade station trade station begins at eight o'clock in the morning So, you know, I ended up beginning to follow this of course earlier than eight o'clock But you know after eight o'clock I am able to begin. So let's show you what happened on book map at first Now this had a level around eight thirty eight dollars and thirty cents in the pre-market hours just all throughout pre-market It was building up pretty nicely cvp level So at first it tried to make this pop up Mid-nice pop up and then it pulled back So on the pullback I was thinking that we could see support build and I jumped in right off of it was e32 at the time So at this point I'm thinking, okay Well, I'm thinking all right. There's a shot that this could look to make a nice rebound and push back up Unfortunately, it didn't really make the big push. I wanted at first It took about like five or six minutes and it was dragging back down So I ended up to I think there's like a four cent loss on this trade I ended up getting out pretty quickly You can't set stops in pre-market as well. Just so you know, um, I got a couple questions coming in from the chat board So just give me a quick moment here and go over all of your questions and more in just a moment Now though I'm focused on a couple other trades at the time. I'm actually in on nichola also in pre-market That's a separate trade. So, you know, I'm juggling nichola at the time being and this is starting to rev back up Things are looking good there All right, so I'm looking at both and I realized well on the avgr trade. Where was it here? Where was it? There we go. It was right before broke out or as it was breaking out here So finally this ends up making the big pop that like I wanted at first and for it to continue I jumped back in on this trade though and I jumped back in as it broke above the pre-market high here And I don't want to sit here very confidently and sit tell you I do that all the time And I don't advocate for you to do that every time yourself Did it work out here? It did the reason I felt confident to take this trade exactly at this point Was because it this reminded me of a similar pattern. I saw just yesterday um Right tell you folks that try and make my life outside of ctu interesting I I semi jokingly say that I don't got a whole lot outside going on outside of this So, you know, it's easy for me to remember a lot of these things like day to day So there was a pattern yesterday that I think if I'm not mistaken I think it was on AFRM If I'm not mistaken I hope I'm not mistaken because it would be a waste of time if I am mistaken. Yeah, look at this so AFRM, this is separate company similar pattern though You know, notice how it revved back up. This is during the regular hours at least But you know, you have this big iceberg here 25 bucks It's right at the highs and look what happened once it cracked the highs there And this is still to a good level in prime time trading It's after 10 o'clock, but it's not like 10 30. So you're getting close But you know, this is the point where this ended up snapping and popping made a big move, right? In the heat of the moment, I swear to you in the heat of the moment this avgr Once it popped up here without me initially You know, I took the my first trade here at this point as it pulled back looking for support to build Well, at this point though, it ended up moving back up So as it broke the pre-market high, I ended up jumping in it looks pretty similar in terms of just the breakout, right? Maybe it didn't drop off as much to to rev back up like AFRM did but this kind of held here off the lows nicely I wasn't as interested in holding on for a long period of time Nor am I interested in holding on for a long You know a mount dollar wise to be it down So, you know, I was looking for that proverbial big move shortly after So at that there we go once it popped here. I didn't want to even jump it right back in at E 52 Actually, I said to myself. All right, let's wait for the highs here and just see what happens So I got filled it was at 872. I think I got filled that and from there I closed out pretty much right at nine. I took my exit right at 902 or 905 as it popped up at first You know, I shoot straight I tell you that because it broke out even higher here before the market opened up I wish I could tell you I held on even more Hey, it's like a very small loss on the first shot on the second shot I felt compelled to jump in but you know what it was on a smaller size anyway to start the morning off with a little plus I ended up getting out just a little over nine. That was it. So Uh, yeah, nice little move there all together on the AVGR in pre-market this morning. That was from pre-market I got a bunch going on in the chat here folks. Give me a quick sec. So from star one of our trial members here asking me Um, there's how come there's no options chain on AVGR. Very good question. Actually, um, not every stock is optionable There might be a warrant out on the on the stock, but we don't really Focus as heavily on that. Um, really if it's a small cap stock and it does have an options chain The liquidity is going to be really crappy. It's going to be very bad liquidity So I wouldn't suggest for you to trade like a Illiquid option, you know what I mean, you know, there's a cheap stock That's very liquid on the option side of things Nikola And kla and that's a separate trade from yesterday and pre-market this morning. I know this is optionable Um, but that's like kind of a bit separate, you know, I don't think this is a small cap or or a low float stock at that So if it's a low float stock odds are it won't be optionable What does cvp mean from a star? That's something I break down a lot further in our main classes This is something that I just kind of shows a volume histogram shows where the volume is filled across the given date today That's all So you want to focus on a big discrepancy there a big price level that sticks out like that And then finally should be a pay attention to vwap and elliot wave You know, hey, if anyone uses elliot wave or any other indicators to each their own We don't want you to mix and match strategy here at ctu meaning like our strategy is pretty this pretty specific so It's not to say it won't work if you mix and match all these different strategies or you learn from this person that person then But from the students I coach one on one I know if you look to copy and paste our strategy without everything else without the other noise out there It's going to be to your advantage. So You know, hey if you use elliot wave and you're very profitable with it That is different because you know, if you have great experience day trading using anything and Yeah, you make money consistently with it Then at that point, why would I be wanting to tell you to change habits? You know what I mean? Now I figure most of us come to ctu because the strategies that they use either are not generating them enough money that they want Or straight up they're they're losing with the strad they're failing. They're losing with the strategies that they're employing Literally, it's one of the other. So if you're already making money and you're just trying to get to the next level that is a little different, right? All right. So chuck actually here really quickly not to Say not to distract but your favorite stock maher is sneaking up without you chuck Don't say without my friends Don't say without trust me. We're gonna get to maher coming up very soon I had this on my on my radar screen here just We were calling out maher before traders talk our weekly workshop even started I was asking even earlier if anyone jumped in on the maher trade. Trust me my friend. You will get to Mara coming up very shortly But at least what happened on this avgr trade after the market opened up Hey, I left some money on the table by getting out just overnight. I could have you know held on at least until this iceberg Um, which I could say I did, you know, that would have been the perfect level to level move You know flawless execution there in fact All right. Well after the market opened up on this trade. It was already up a lot more than it was from yesterday So that's a big concern Really quick. I feel like i'm jumping around a bit, but I want to show you the float. Oh my goodness I didn't even notice this low So allegedly according to trade station the float on avgr is less than 1 million shares. It's 670 000 shares Yeah, big trees fall hard. So, you know on a trade like this Where this ends up making a nice little pop to begin nice little slingshot within the first minute or two Well, of course it runs right into resistance off of 980 then the psychological, you know Decade level at 10 bucks beautiful resistance Then from there pulled back. So yeah, obviously at this point already It's not looking too pleasant when it makes a round trip back down to support It already hit this already hit this in the first minute not only that It was already holding around nine nipping and gnawing at this price early in the morning anyway So the more times that this keeps nipping it on at nine bucks eventually this is going to look to break under it So I made a small move to begin a nice pop up off of it But where i'm pointing to is look at where it's at now Right back down to nine and at this stage now more than even ever I think that this is just going to collapse Continue to drop off. So yeah, it did hold off of nine at first broke under And then it broke back over And then from there, let me get the chart here and just get the regular There we go Basically right there zoom in Yes, it's pretty choppy around nine at first So if you tried to jump in here initially and got stopped out This was a tough one and it's not to say one that was expected to run up This is one. Maybe you're hopeful to see make a higher high But even from pre-market I stand by the more times it's nipping and gnawing at nine It's weakening that level. So thankfully the bulls ended up winning this battle at the for the time being it popped up a little bit but Look at where the stock lands later on today. That's all set So if this ends up dropping back down as seven bucks even wouldn't shock me by 230 eastern time You don't want you don't want to be on the receiving end of the uh the roller coaster on the way down That's for sure Um and at that maybe like 850 was a strong level in pre-market resistance could be supported first But otherwise if nine was where we had more volume traded from this morning today, you know Volume's gonna trump any chart level. So here at this point if this just tanks from nine, I'd say it's not looking good Um All right, really quick gotta go through email questions right now had a bunch of questions come in from email So just before that let me get to last one from our trial member here star asking Uh, what should we look forward to determine whether we should hold avgr overnight? Simple answer. You don't you don't hold avgr overnight None of these stocks that are up big percentage wise ever do you want to hold overnight? Does it you know, is it possible one might pop up the next morning higher? maybe But you know, I I say bluntly you're here because really I want to get the point across I don't think any of us are thinking the follow But hey ladies and gentlemen We are not here to play mega millions You want to play lotto go to your gas station get a get a lotto ticket Think was Wednesday. You got the mega millions on Wednesdays Figure it out tomorrow, but otherwise A stock that makes the top percent gainers list one day oft makes the losers list the next I mean, obviously on a very extreme example. Let's look what happened to ccg yesterday. Let's look at that d toc From yesterday, you know crazy ones, but you know the point is to be said as well on avgr up big today, right? I mean, hey even look at my pot stocks toray These did not continue the way that we wanted them to from earlier In august right made a big squeeze up and they tried on a couple of occasions But even on a much more liquid higher float stock if it's not going to make that big move up You got to be prepared to sell. It's just to say on a lower float stock a stock that is up big Percentage wise you're going to see a lot more of that profit taking over time So that's just something to be very wary of i'd never looked to Hold a large percent gainer like that overnight as a swing All right, so how about this really quick? I got to go through a bunch of email questions I got a bunch of us waiting on me here, but but I'm gonna segue it because we got kathleen who had asked about Digital currencies. I may as well just sneak mara in first So chuck was trying to tease me there. It looks like mara sneaking on up without you. Oh, no, no I can gladly tell you right now. There is one stock. I am in right now I'm actually on calls right now. I'm in on option calls. I took the 950 calls from mara So with this I still have them make sure that we're good to go We got about 17 minutes till the end of traders talk and Starting to pull back a little bit here, isn't it mara and starting to make a small little pull back so, you know, hopefully not a full fledged reversal coming up but Mara, this is an interesting case here. So Really quick. I mean, we have new members joining us each and every week each and every day So I don't expect every one of us to recall this. I'm just gonna ask out loud Does anybody here recall over the last month? If not more Where we've been talking about, you know, this big stack of iceberg orders that were out there on the buy side On the bid for mara. We're talking back when this was at like 15 bucks 14 bucks You know, we have a lot of you know returning members here day to day So let me just ask does anybody recall that I'm going to show you the picture one more time You know, you may have heard me mention this a few times in these traders talk workshops I did a whole thing on it and traders talk the the week I saw it. So, you know, if ryan, he says he recalls it all right, so Little little teaser here a little refresher might I say actually I don't have the second picture of this. I wish I had the second picture This was taken from august 29th August 29th year and this is back with mara's 15 bucks So basically every 10 cents I can't zoom in. This is just a picture, but every 10 cents There was an iceberg order for about 40 to 50 000 shares Every 10 cents I've never seen this before let alone on my favorite stock mara Well, this picture showed it go from basically 15 all the way down To a bottom of 10 50 Now if you recall I took a swing trade on mara back when mara was at 10 45 10 50 back here Well, hey at the time this led to a great little move. There was actually some like fate I don't want to say fake news some news that led to a nice pop Uh, I wasn't as bullish on the news at the time and before it's worth I wish I got out off that pop it pulled back It was a decent swing, but I ended up getting stopped out like barely any profit because Well, I don't want it to come back down to my entry price So I had good reason to think it was going to break lower if it was if it wasn't going to build support It's like in relation to bitcoin basically. Well, obviously it pulled back over time. I got stopped out with like barely any profit well This was the first picture I saw of this Uh, after I took the snapshot a couple of days after the snapshot was taken A new stack of iceberg order showed up And this new stack had iceberg orders all the way down to I can't show it on this one But all the way down to 9 50 every 10 pennies the same pattern Literally carbon copy same pattern 40 to 50 000 shares all the way down to all the way down to 9 50 so I had that in the back of my head yesterday when mara came down to 9 50. I took a day trade on the stock at the time Um, just going into the afternoons. I'm not as trigger happy to do options I want to focus my trading around prime time trading when I'm trading options because they're more volatile So I'm going to either get the move I want or I'm just going to take the loss or you know Take a break even or likely a loss because it's just a little different how I manage the option trade there But otherwise here led to a nice bounce But I didn't get a whole lot out of it. Did I a nice bounce? But it didn't make that big you know pop and run up that I wanted right Oh ryan, thank you big shout to ryan right now inside our live trading room bingo. How about this? um Ha ha how about this the salesman and me join us inside our live trading room scan the qr code I'm not going to show it on youtube not going to show it on my screen here But if you're in our trading room right now, you can click that that image that ryan so graciously posted I think I may have sent that to him in a private chat maybe. Um, oh no no no ryan. I'm sorry ha That's actually the same one. That's the 10 51 my friend. Ah, damn I thought he posted the 9 51 there that one shows it down to 10 50 ryan Ah All right. Well if there is the picture where it shows the 9 50. I'd love to have it there I thought ryan had it for me I I couldn't find it myself. I dug through on my own side, but it's just that Here this led to a nice little bounce, but not like the big Move that you'd want to see that big pot All right. Well, let me ask us here really quick ryan ryan sam and all of us here in the chat board What time do we typically see stocks to reverse throughout the morning? What time 10 30 so When mara is dropping down to 9 50 here and the time is 9 50 in the morning roughly i'm on a five-minute chart there You know, basically prior to reversal time when it's trying to come down to that support I'm not really that bullish on it. You know, I'm looking at I'm like, wow, this is pretty early just normally we should Expect us to drop off more And it did all right. Well it dropped off more and i'm thinking all right. Well, hell, what's the next level under 9 50? um There I had a historical at like 9 99 20 basically a doji back from they And I thought it would just drop down to there So, you know, I was looking for that lower level it bounced in between just kind of randomly in between there So i'm thinking all right. Well, you know support should become resistance 9 50 resistance Well it popped above it pretty quick didn't it i'm thinking all right. Well, you know what we're getting a little closer to 10 30 Little closer Obviously, we should know that not every stock reverses head on at 10 30 Trading is that it easy you and I would not be here So I said, you know what it's not just the time that i'm focused around It's the level that i'm focused around and I know what I saw I saw those stack of icebergs, you know all the way down to 9 50. We're talking like three weeks ago This was at this point. Um, I haven't seen him since really But something that epic something that crazy looking you you don't really tend to forget that often, right? um Now just miscellaneous here miscellaneous folks. This is not mandatory. This is not required This is just my psychotic brain kind of tying this in who here is familiar with uh Fibonacci's Fibonacci's Tracement lines and all that good stuff someone here familiar with fibs Again, hey, one of us. I was asking about Elliott wave oscillator. I don't use the Elliott wave at all. I rarely use Fibonacci's But I thought to myself here. I said, you know what let's actually look at the bottom to top here We had from like, you know end of last year. It's the beginning of this year, right? I think this is what I was trying to go for. I hope this was what I was trying to go for here Um, it might actually be a different one. Give me a moment here Ah, okay, I got it. My apologies a different one. I think I had a fib up at least and I was Seeing a very strong correlation. I hope that I can get this straight. Maybe it was from here Oh shoot Ah shoot, I had it earlier Oh, no bad commentary here. I had a fib up now. What happened was earlier inside our room You probably heard me my trade station platform rebooted and I lost all my good freaking lines here So there with me for a brief moment. I had this beautiful Fibonacci set up to where 950 was a strong bottom or it was one of the bottom lines like it was the 61.8% line So, you know it tied into my thesis pretty nicely Oh, is this it? Okay, this might be it actually I may have had it right the first time right here Maybe my numbers were slightly off. So I think this was it. My apologies Yeah, from bottom to top loosely speaking you could see right around 945 950 the 61.8% Hey, it's not mandatory. That is not required. That is not You know something that every one of us needs to use But that is like even tertiary to me meaning that I'm focused on the icebergs first I'm focused on the bounce that we had yesterday from the iceberg that was there at 950 Well, the fact that I see a fit level so perfectly tie into that area I said, you know what let's take that entry once it pulls back and hits 950 is support So this is where I bought the calls. It was just pretty much like at the money slightly in the money right when I pulled back But hey, if we're expecting a good move shortly after as long as my stop is set In this case, I bought the premium or I bought the calls So I set the stop like a few pennies under the premium that that it was set at I think I'm in at like 44 cents I'm in at 42 cents on the Calls right now they're trading at like 58 59 cents currently So you want to set it just a couple pennies at that a few pennies at that under your level or under where you get In from because I'm playing it around this equity level So if it's not going to hold my equity level here, especially with it being right at the money A big shake down and I'm going to pretty much get stopped out, right And that's normal because that's normally what I would expect to have happen with my stock day trades, right Brian asked me what expiration date are you playing for this one? I just did the weeklies This is just like a day trade basically I'm doing so To go further really briefly. I'm basing this I'm basing a swing around bitcoin price But I think bitcoin's going to drop off pretty strongly before we get the real bounce that we want So, you know my swing on maher that I'm going to focus on will be around that This is a day trade or maybe I switch it into a swing We'll see how well maher does this afternoon, but I set the expiration date for this week All right Now a little heads up though, actually if you're joining us on our adder onsite or on the webcast even as well I'm going to be doing a workshop full 60 minute workshop on how to day trade options using level three and level four So definitely something I know a lot of us are looking forward to already, but I have a full workshop a to z lined up for us there All right now. I'll tell you what before some students students yell at me This is where I went off course. So I want to make sure I go through some emails that came in already. There we go Kathleen I'm going to go through hers first because this is right tie it back to the emails What a break first if biden changes to the digital dollar What effect will this have on stock prices? All right So, you know, hey folks right out the gate in the main chat board We're only here to talk just about what happens with the stock market and different equities or what may happen with CBDCs as they call them central bank digital currency If the government institutes like an official CBDC or like they really go further into that, which they will they will You know, I believe they will at least You're going to see a lot of volatility first You're going to see a lot of hesitation beforehand But then once the volatility cools off, you're going to see a lot of people sitting on their hands saying, ah, this isn't for me this Well, it is going to be for them at some point because you know Like or hate crypto like or hate the digital market digital currencies If there is a good opportunity looking at a chart if there is a ticker that has good liquidity out there Let's say like hey my lovely mara, right? Which is, you know more crypto mining bitcoin mining than anything It's going to be tradable So right now I don't know of any specific companies that said that's Specialized in like helping the government with CBDCs or digital currency just yet I don't know if there's any at all, but Otherwise, hey, you know, perhaps it could have a good impact on like coin based Perhaps it could have a good impact on mara and right over time at least, you know Hey, if the value of bitcoin is affected in a positive way Then all the companies that hold bitcoin and produce bitcoin They're going to look to go up in value over time That that's really just the nature of the game with anything crypto related, right? Star asking here in the chat board is this options workshop for trial people people too So that's in relation to our special Trader summit our special on-site course coming up next week That's in person in our office or at the viana hotel I should say in Rounder office around western new york So that is more for our students and that's limited seats available as well Just so you know, but no fausta is going to make an announcement on that coming up in just a few minutes If not mistaken And with that in mind, I'd probably have to talk rather fast. I think I have a Tight exit time here at 12 o'clock. So I'll tell you what for my students that I don't have a chance to go through their Their emails live I'm going to just private chat you just inside the trading room, right? So I'll message you on the sides directly inside our live trading room just coming up once we're done here Um had a question coming in from one of our students regarding the abgr from earlier. So there we go. There's a 50 Uh got caught on the pullback at 9 35 yesterday and lost some money Can you go over how to set the limit order? Up with exact stop loss with numbers. So I just to go into that one more time Uh If you got caught on the pullback at 9 35 it leads me to ask did you just have an order hanging out there? Or was it just a matter of it like You know, if you leave an order out there on the bid and it gets filled on the way down You know popped up at first It shook around the question is where's your big level seven could be a big level? Which you know, you would hypothesize whole number levels are we said that earlier in the review here Is there an actual order though? Is there evidence? orange line Is that evidence? Well when the order size is only about like 3,800 4,300 I wouldn't have as much strength in that just yet So it looks like at first, you know, maybe it could build up as a level over time But at this point it's already under the level shaken back down Simply put just like we always say just generally speaking When you enter a trade a it has to be from a valid level that you've actually seen to be big not just a Little peak or you know the last high in the last candle or any Miscellaneous, you know, just like we always go over in traders talk here It has to be largely planned out, you know, if there is a big level that really stood out there Then perhaps once you jump in that's where you could say you want to set your stop Just near pennies under your big level if anything All right, so I think I do have a very tight exit time if I'm not mistaken rich getting the queue right now so really quickly I got last one trying to zip through this Ryan because Ryan was trying to be my buddy right there before and help me with the Mara so one question from Ryan on this one actually Can you list the historical resistance levels on the daily chart that could act up as a top for avgr? So Right away you go back to this past year because it dropped and tanked and tanked and tanked Has a small bounce then tanked and tanked and tanked So this area here wherever this bottomed out at like 1450 15 bucks That was a support level historically speaking It became resistance here seemingly and that's easy to say Uh just after the fact right spiked over it, but then pulled back and tanked Uh There isn't a whole lot that sticks out like a sore thumb maybe this little top here 1110 or so $11.10 really quick. There you go. Yeah notice actually Ryan it's easy to say looking at this after the fact and I just want everyone to know That I know that because you know, hey if you do this beforehand it will still give you the same result, but At least on a smaller scale from late june into early july held this pretty nicely Well, it's not just one peak. It was a series of highs right here, right 1110 1110 on a number of days Pretty interesting where the high of the day was today Well, not the after hours high from last night, but High of the day today Isn't 1110 just about 1115 All right, folks we're finishing up. There we go So hey folks really quickly for all of a sudden youtube facebook live, etc Scan the qr code on the top left get you access for the remainder of this day and the full week ahead inside our live trading room Get you access to all of our instructors Fausto included now really quickly though We're going to jump off inside our trading room here all of our students right now all of our Gold platinum diamond c2 students you folks have access click that link right there that rich posted in the chat board Get you access to a new webinar room joined up by Fausto and myself here coming up We look forward to seeing you there rich will be in the chat board here making some commentary things are kind of quiet Though otherwise i'm not just saying that to say it's the day of the fed meeting So don't just look to trade here coming up, you know, that's why we actually scheduled this workshop coming up Fausto and myself specifically Hey really quick folks. I have to jump off some talking fast Do you have any last questions shoot me over a quick email? Josh at c2 trading dot com and i'll chat chat with you on the side coming up. All right talk to you all