 All right, so arbitrators welcome on back to close out the show for this week this Friday January 28th shortly after 2 30 p.m Eastern time and welcome on back here for our afternoon meeting great to see bill great to see Michael great to see My Italian friend Andrea of course is always born journal great to see will chuck later loud and clear as always from all of us At least so great to hear the audio is good We had a couple of tech issues at least earlier on this morning myself in particular I've overcome those issues folks and we're gonna talk all about that actually coming up later on this afternoon Well really shortly from now at 3 p.m. Eastern time phase 2 class lesson number four We're gonna be talking all about studying and planning ahead just as far as how you can gain confidence With taking trades in the heat of the moment You know if you're talking about it from the beginning of phase 2 of you know how to take the emotion away from trading Well, you know part of that is studying the past studying your trades not just journaling Not just like the annoying aspect of journaling right, but it's a step up from that So, you know rich is gonna post the link for that coming up pretty shortly in the chat board If you want to just jump in early just make sure that you're squared away with the audio and tech and all that I'll be joining that class as soon as we finish up this meeting here. So without further ado Let's hop right into it. The neo trade is just on the screen to begin just a sideless stock Really, that's all I am in one trade right now and we're gonna cover this trade at least you know in the afternoon class That's AMC and not just you know, what's happening live right now, but really I mean from the morning We talked about AMC a little bit, but after we finished up class I went right back at it on my tech issues I overcame that and I finished that you know just the market open was choppy that caused my screen to lock up So once I came back from class things were squared away I was good to go at least with my trade station platform So I felt confident enough to take some trades throughout the day I was talking to a couple of students throughout coaching and chatting with some some of us here live like Felix you know going over these entries and I'll look to share them with you folks coming up this afternoon and we'll look to Study them as far as why I took them how we could gain confidence with taking similar patterns like the you know Like what we had here on AMC. So I still have half of a position left on this trade I took out you know half earlier at 1455. I'm originally in from 1490 So you know little profit for the afternoon will go over the position heading into the class But AMC's AMC for right now, you know, maybe we'll come back to this stock at the very end of it all You know just because I'm in it doesn't mean I'm gonna put it on the main watch list You know I could put a whole slew of different shortable stocks on our watch list for the afternoon If the markets continue to fall off the way they are so You know, we'll check in with the side list stocks at the end The IMMP to begin so we'll go right from top to bottom Otherwise, I don't have as much time to do a fancy review at least, you know of a stock like this IMM or IMPP trade, I should say there's a different stock. I think IMMP this one here I ended up making a good pop pullback, you know The important note here is that 245 was a key level from from the market open That continued to be a huge level throughout the mid to late morning heading it's even right now You know, it's pretty choppy and you know, just not really doing a whole lot here for the meantime this afternoon But I don't know I mean we'll keep this on our side list as well If we feel needs to come back to this stock later in the afternoon then we will but I feel like a stock like this Already makes a big move up and down. It doesn't make as clean of a big move back up later on Just didn't just take a look at this K SCP trade ended up coming at it really nowhere ended up opening up pretty sharply Where I rather actually that was pre-market right that that was pre-market I forgot that ended up pumping up then coming all the way back down and that was prior to even 930 the market open So such an ugly trade you do not expect this to make the type of run that it made But we're happy to take it right we ended up calling this out after the class Rich was calling this out in my absence as it was beginning to break above 750 and then eight bucks from there Ended up making a huge run. I guess a new IPO right night scope I think we had some news out on this type on this company earlier today But ended up leading to a huge run right back on up for right now though It looks like it built just like a giant like pennant You could say even like a bearish Fausto flag ended up pulling right back down as it broke under 1150 support So yeah, I mean for right now. This is just a tradable or this is just a really volatile stock I don't know if it's gonna be tradable heading into the close just looking at the spread as it fluctuates So, you know, again, we'll come back to this if we need to it's moving around quite a bit So it could offer us a good dollar if support could hold Grandma water bottle here. It's been a long week of talking I normally don't have the phase one in two classes all lumped up in a week Right, we actually had to do that just based around Martin Luther King last weekend and then phase three to catch up At least next week with Fausto, but the Dave trade right now as we continue to go So yeah ended up popping just before dropping right back down It actually broke over the high from from this past week, right ended up breaking it right above like 1090-11 bucks there Man, this is a really interesting trade I mean interesting in the sense of the chart though The order of book is much thinner than even what we just had on the KK STP trade. I'd rather trade KSCP All right, so we'll pass on this for right now this Dave trade TKLF I botched this trade earlier today at some egg on my face and I have no problem showing that but you know It goes to show I'm not perfect, right? You know for the AMC trade I did well on this afternoon I sure fumbled the bag on this TKLF, you know stock I ended up having such a sweet entry point like the perfect entry and I went against my first instinct We talked about that, you know pretty thoroughly throughout the phase two course earlier this morning I never go against your first instinct folks You know, it's easy to say here and easy to say in hindsight, of course, right? So, you know just that we always have to reassure ourselves of that You know as long as we're following what we should be then trust your first instinct There wasn't a reason for me to get out when I when I really did I pulled the trigger way too early at my stop Set so ended up missing out on a huge run-up after for right now the stocks really flat here for the afternoon PRVB I guess we'll call it. I don't know ended up making a bit of a move up earlier today from 370 and grinding on up to make a HOD right around 429 430 and I guess you can call it. Maybe a double bottom here It's beginning to push back up ever so slightly I'll slip this one on our watch list here I mean, I'm kind of like at the bottom of the barrel. I feel like just adding this to our list This is the first stock on our main watch list so far for this afternoon I mean the other part of it is is that it's also shortable. So God forbid if this does, you know make a False run-up here a false breakout later on, you know, perhaps we could short it on the way down should that you know happen But for right now, hopefully this continues to make a nice push back up to make a new high VC and X this stocks too slow All right, so we'll kind of just skim through otherwise It's a Friday, so there's not a whole lot out there coming off the Fed meeting just throughout the week too So unless if the markets continue to you know, either drop off or hold strong here make a really strong bounce back up Unless if that's the case then it might just be a really flat afternoon folks might be a great time to take less It's our con stock. I guess it's trying to go up a little bit there I'll check back in with that one if I need to at the end of the meeting Groups stock same thing here not a whole lot happening That bet beyond that a nice day today, you know, it was up like over 12% I saw earlier is still up over 9 Still could be a pretty tradable stock. I mean it's shortable too much like the PRVB So, you know, if anything, I don't mind adding a stock like BVB why here to our list for right now Tratable is that big? I don't know what I don't know what the news is if there's any news on it Maybe this is just having you know a much better day performing against the the spy so far Maybe he's like some sort of short squeeze, you know, I apologize for not knowing the news folks But you know, we'll check back in on this trade later on in class and we'll perhaps even go over the news We talked about news throughout the phase one course and how you know really be like to know what the news is But it's not a main driving factor for me to risk my money at a certain price or time So, you know, we'll look at the news coming up on that stock Tgtx for as much as this dropped off yesterday I guess it was trying to push up earlier. It stopped trying just a moment ago here and not a whole lot happening right now on this one All right, so let's hop over to the losers list here for the meantime I'm still on my AMC short as I have that on my heat map here my book map page That's beginning to pull back. There's an iceberg on the bid for AMC I'm still not putting that on the main list just yet But AMC as an iceberg order on the bid at 1420 just so you know, so All right, let's hop over to the loser side for right now I did notice do why you and pre-market as a shortable stock it ended up dropping off pretty nicely upon the open You know, I didn't really follow it much after the open, but it could have been a good opportunity there If I still had the QRTEA trade on there On the watch list, I mean this was shortable. It was down a lot more in pre-market So this actually made a pretty decent dead cat bounce as it ended up moving back up pretty nicely from that 550 or 580 ish that that is up towards just right around 650 654 Let's see what else is out there for right now folks just a whole lot of shortable stocks here I mean they're down big, you know market dropped off earlier I see the spy trying to inch back up here for right now in my five minute Talk a little bit of Bitcoin here at the end of the meeting I told you folks just from Wednesday that I'm gonna try and do away with these Monday Wednesday Friday crypto meetings And just do my own videos every week. I We're gonna do that at some point soon So I just wanted to leave you off the little Bitcoin heading into the end of the week for right now at least Loose it down big hard to borrow my platform, but you know, it might be shortable in yours If you're on I be your toss or weevil You know kind of same line of thinking is bedbath beyond bedbath beyond was up what like nine and a half ten percent You know just a tradable stock nothing special about it wasn't at the highs This isn't well This is actually a lot closer to the lows than bedbath is at the highs actually You know, it's been flat the last 20 or so minutes 25 minutes But you know hey if it's shortable in your platform give it a shot This could be a pretty interesting trade to go with the market to you know this lucid motors trade I keep calling it lucid motors is lucid group. I think they changed their name like maybe like four months ago I haven't gotten motors out of my head lucid motors. All right folks I think that's all you got for me across the gainers and losers lists here Norman says the Chip stocks are starting to fall off So, yeah, I mean, you know right now and that was a comment from when maybe like two minutes ago Oh, no, like yeah like four minutes ago So, you know now the spy is trying to inch back up as I just said you might get a small bounce for right now So if there is anything else folks that looks good just in either direction shortable, you know moving up to the highs perhaps I don't think there's many of those but you know if there's anything just let me know in the chat Ports across YouTube or Facebook or you know, of course for all of us, you know in the live trading room And perhaps maybe I can try and kill some time here in the meantime Maybe I pull up a little bit coin do that and I'll jump back to the chat boards Actually, you know see if there's anything that makes a big popper drop just as I go All right, let me make sure my charts here at good first trading view right now. I think I'm on my account here Guess one All right So we ended up seeing Bitcoin really just a whole lot of nothing consolidation really over the last 24 to 36 hours You know just kind of in this range. I'm on my one hour chart here. This is trading view I like to show Binance normally and Binance has the six hour chart, you know They have the four hours so I'll jump to that in a second But otherwise just some consolidation for right now and not a whole lot to write home about in either direction So we're just gonna wait it out the bigger talking point that I want to go over though is not necessarily Bitcoin But no, it's more so the other coins that that are out there You know the alts out there like Ethereum, of course at first, you know We were talking about this just back from Two three four weeks ago even you know one of us had mentioned, you know Hey, Ethereum looks really strong in a relation to Bitcoin Or at least that they had said that it looks strong and I said, you know Let's look at the Ethereum to Bitcoin chart, you know I'll just check it out and I said if it fails to break higher strongly on the weekly at the time You know then beyond the lookout we might happen to see a reversal and not just on a theorem That actually leads me to the Bitcoin dominance chart I happen to show this not too often, but I've shown this in the past every now and then You know, this is basically the chart where you can compare Bitcoin's relationship to the other coins as a whole So it's called Bitcoin dominance BTC dot D is the ticker on trading for you But you know, it ended up essentially bouncing really nicely right off of critical support not just horizontal support No fact from back from 2018 But also pretty interesting, you know, we had a little bit of a trend here that built off the lows And just was semi holding around here to a degree if you can look to envision it not the cleanest But you know to a degree that's a major support and it ended up beginning to spike right back on up And this is just over the last two to three weeks really right back from mid-January. So about two weeks now at this point So that's a pretty big talking point You want to follow this BTC dot D chart if you're looking to treat any sort of altcoin whether it be Ethereum or no Cardano that I love Phantom also that I love, you know avalanche So Solano I Know that Solana took a huge hit Luna took a huge hit just over the last two days there's some huge scandals happening out there like within the Defi market that's what it is. So not all these altcoins per se, but a couple Blockchains that provide access to these, you know defi coins that that aren't as accessible Some crazy stuff happening out there over the last two days with like rug pulling and all of that So, you know, obviously that that gives a bad look to the entire market You know, so that that's one thing to look at But otherwise, yeah, just with Bitcoin not a whole lot to write home about but The Alts are taking or the Alts have been dropping off pretty steadily for a little bit Chuck me at Chuck asking how do you like that trading light website that you profiled in the Bitcoin video from the weekend? Oh, I love it. I'm gonna start using that more Chuck in those videos, too You know, that was the debut that I kind of had with trading light showing it on you know These these types of meetings or videos. So yeah, I like it. It's a little different to maneuver compared to bookmap You know, it's actually a little in my opinion a little rougher to Operate so to say like the heat map, but it's still very usable Of course it provides us like the exact type of data is bookmap does it's the same exact purpose But you know a little tougher to map manually operate and I'll get the hang of it though It's just I've been only using it for like a month and a half Jason I'll talk to you more about that just in private chat I'm just gonna finish up this meeting here in a second and seem to be set for a bill You know, folks if there's anything else Let's just let me know we have Dan on YouTube joining us here live. Just asking about the Dave trade He's saying sorry if we have already covered it joining late Wow, this stock ended up making a higher high, huh? We talked we talked about it early when it was pushing up towards 13 But it was beginning to pull back and at the time I was saying no We'll just like keep this on our side list or maybe come back to this at the end of we need to So I appreciate you bringing this one up Dan. So Yeah, timely call out Dave I'm Dave Buster's Steve All right, folks I think that just about wraps it up for me here at least for this meeting and this week Not necessarily if you're joining me in class coming up in the next 18 or so minutes So Rich will post the link one more time coming up pretty shortly But just again make sure you click that link for any of my phase 2 students that have access Just we'll begin that class coming up right at 305 Eastern For Dan and for all of us in YouTube or Facebook live joining me across social media I appreciate you folks sticking with me each and every day each and every afternoon and for the whole week So folks have a great weekend and we'll catch back with everyone on Monday on the social streams there But for all of us live inside the trading room here I'll post the list coming up pretty shortly and Rich will jump on the mic right at 3 p.m. Eastern talk to you soon Take care