 How's everybody doing this morning see everybody can hear loud and clear good to see a Michael Grant Kent good to see you all All right everyone on YouTube Facebook good to see you all all right So all looks like we're having a little bit. No, I'm sorry a big Correction with down about almost 400 points 399 actually at this moment just broke 400 Looks like everything is taking a huge nose dive looking over here on my watch list It is just bleeding left and right. I think you probably heard some of the news this morning Regarding what happened with Bitcoin? The Chinese Communist Party is telling everyone a ticket easy with Bitcoin and Bitcoin is obviously not looking too good We're gonna be checking them out a little bit But they just literally just took a huge nose dive just now You know what was sitting there and you know talking about in the room in this morning We're looking at it was saying you know I've really seen how much going on, you know other than maybe short some ETFs So go go long some ETFs, but yesterday we had a pretty decent day We'll talk about what's moving this morning, but it does not look good at all Maybe it's the inflation I kept talking about maybe that's starting to kick in whatever it is Maybe it's all the unrest and that's going on the Middle East right now It could be a lot of little things, but um, but anyway We'll we'll do our homework and check everything out But let's let's just go see what's going on really quick what we traded yesterday Well, a couple of nice stocks that we traded yesterday did pretty well Ride was one of them our IDE had a really nice push. You could see here this stock Literally at 930 just went from like 850 all the way up to about almost 11 dollars a share Really really really nice moving stock right there That one did pretty well ride all the EV stocks Nikola also did a nice little pop and also and it came right back down Workhorse was actually pretty good too yesterday And you know and then also it was Ford was one of them too and we all know what happened with Ford President Biden was actually there and he was they were showing off their new f-150 electric cars So, uh, you know that they're really pushing this electric car type of thing And a lot of these stocks obviously doing pretty well, which I was actually quite disappointed because like we saw it Like let me get back to workhorse again. I mean you look at some of these EV stocks I mean this one literally when june was at $2.07 thing with the $42 and then we had a huge crash Uh, I thought I was going to come back when it hit some support levels right around here around 16 I lost money on that trade. Good thing. I got out of it because it went all the way down to eight Remember it's okay to lose money in trading as long as you don't get out like yesterday One of my uh, I'm not his broker, but he thinks I'm his broker You know, he was asking my hairdresser You know, I was looking at my haircut yesterday and he's a huge huge investor I mean he's got I mean it's so funny but this guy's got hundreds of thousands of dollars in the market and You know what's going on? It's nice. He's been averaging down and you know, it's funny, but never realized how like Oh, everyone in the stock market isn't in the hair salon business But even like all of a sudden people sitting down. Oh, I own this one I own that one to shut a average down this and that and a lot of people actually were Are holding on they've been averaging down. I said listen, I don't like to average down I rarely it's the biggest sucker bet number one is Is a we have uh, you know It's a sucker bet worst trade you could do carnal rule never hold overnight Second carnal rule never average down two big sucker bets and if you average down and I listen I don't want to sound like a hypocrite. I do average down certain day trades But if I average down Okay, I am selling within a penny or two if it goes against me like that Okay, because now you can lose twice as much You're risking twice of what you want to but sometimes you don't have a choice but average down But if it does come down to it, I'll get out right away a couple of people bringing a couple of comments over here Tina's saying the Chinese are trying to kill us Uh jp on youtube. It says look like the headlines. China's uh regarding bitcoin is urgent It is and and you know what urgent here in china news headlines regarding the crypto Uh, with that the total u.s market today beware folks Love that love that low that comment jp and uh, tina and and listen, you know everyone on you on Regarding here in in the cyber group room You got to be careful. You really got to be careful. Listen. I was never a fan of bitcoin I know josh obviously is he did pretty well I mean listen if you bought bitcoin a long time ago you did great But like I don't know it to me. I just feel like it's the penny stock market I get really nervous to see a stock see something to go from five dollars to to 60 000 You know, what I mean is it's like unheard of, you know, look at doji same thing A lot of people made money on paper, but remember I always tell everybody this you did not make scratch Zero nada until you sell that stock, okay? So don't believe what people always tell you. Oh, it's only paper Yeah, it is paper until it hits your bank account. So I never ever look at exactly. Oh, I have this much I'm this wealthy today. Whatever until you sell it You didn't make anything. Okay, and you know what if it went up high, that's great There was a lot of stocks. I did own it and good thing. I got out of them It got crushed on it But anyway Let's go on to see what's moving this morning because there are a couple of good stocks that Are moving this morning now. Listen, you could see a lot of the ETFs are moving pretty well I'm going to check them out and show you why it's kind of difficult to trade ETFs on level four. Okay, but There there all the ETFs are moving pretty well. You could see this one the sqqqs Uvxy, I mean it's crazy when you look at the stocks during the crash this thing went from like $11 to 120 Uh, you got the the vxx nice little move right there vx vi x y Um, just to kind of show you what I mean by that but like this is why it's hard to trade on level four Okay, it's ol algos. You see that very very difficult to use level four when it comes to trading ETFs Listen, I know there are people that are fancy ETFs. I know there's a good story behind an ETF Your way. Yeah, you could it's more of a basket of stocks that you could trade but to me I'm just saying one of our biggest Tools and one of our strategies here is to follow the orders. It's kind of difficult to do that So so if you don't have level three or level four, that's good Because you're not going to be able to use it when it comes to using the ETFs a couple of stocks Obviously taking a hit. You know, I just got to bring this up because this really kills me monster went from a hundred dollars 160 whatever this is went to about almost 14 or else. Is that a short squeeze or is that a short squeeze? I mean like we rarely ever talk about it. So funny. You never really heard about it But uh ms tr micro strategies. I mean this thing was just incredible. What a huge huge run up Anyway, it's taking a nice little hit today and it is a category five So it looks like a really nice short. I know some people are not going to go out there and trade a four under all stock You know, listen, you can always you can also day trade an option which is really risky but You know, this is more of like second to third protocol But um, but I just thought that was pretty cool You know pretty cool to see a stock that went up that much and it's coming down that fast All right, let's go check out some of the ETFs because some of you guys are doing pretty well on shorting ETFs So you can see Mara's doing really really nicely just breaking lower lows Mara's got some support levels right around here around 1830 so let's see how it does right around there I went to Mara and I went to go check out the iceberg orders and It's not nothing spectacular But the guy was here. He just pulled his order and you damn well better know that Uh, when you're trading in today's markets because if you don't listen I'm gonna repeat this and if you're on youtube facebook, you gotta understand This the strategy behind it students trial members, you know, you're probably learning that as you in the trading room If you don't have buyers, you don't have support Okay, everybody else out there teaches the opposite. You got to find support. You got to find resistance There is no such thing unless the buyers are there. Remember don't focus on the past It's not always indicative the future So you got to follow those orders when it comes to seeing where they are But we do got some support levels. We're gonna keep an eye on and see how that is right on the other other hand I mean this stock is just breaking all-time lows Um big iceberg order here was right here roughly about 14 15 000 shares guy got executed Um, it just broke down a little bit. You could see that little bar right there What was that about uh Big big big uh big order right there. I pretty much got filled So this stock is obviously, you know from 10 from 8 30 till now all these stocks have been really really good shorts in pre-market Coin, I mean, I hope so. I hope all those people that worked there sold it when it was at 400 I can't believe it. I had this stock. I had it during the ipo. I traded it. I'll never forget I sold it Because I got scared At 425 dollars. I bought it at 422. I sold it at 425 I'm like damn. I don't know if I could deal with stomach this thing Guess what if I didn't I'll be down half of what I would have had. Okay, so you can't go broke taking a profit But this is not a very good sign. Remember when you break all-time lows I said when it broke that major support levels when the company goes public. That's not a very good sign So anyway, all these stocks are taking very very big hits We pretty much got them all on you could see there's a lot of bleeding Like if you're long You're wrong right now so Like I told like listen and may shoot it's only the 19th. I mean Somebody told me that they were very very big very skeptical two months ago that They thought may was going to be a huge short and I and I kind of agreed with them a little bit But um the only thing that I thought that might help the market a little bit is now they got the mask mandate taken off Today officially is the day here in new york. You don't no longer have to wear a mask if you vaccinated So let's see how that works out But this whole bitcoin day situation that's going to happen is going to affect the market You can see a lot of these are going down and um, listen the only bad thing about About the shorting is It's not like the old days if you're if you've been with me for a long long time when they got They had something called a naked short They eliminated that rule which is smart that they did it was pretty stupid But the bad thing about it is that when you're trading um It looks like uh when you're trading Does it look like um some of the brokerage firms have all those shares to give you and that's one of the issues They got to make sure if you're going to short something make sure it's shortable and then consider shorting it But don't always think it's still going to be there because a brokerage firm can only let you short without an inventory All right guys now listen. We'll see how the market opens up and like I said if everything works out We'll do great. We'll find something but as of right now if you're long, you're wrong. All right, we'll be back here at 9 30 Commentary if you're watching youtube and facebook if you want to join us Feel free to click on the bottom like us subscribe to us and we'll see you back here You know at you know when we're ready to start trading at you know, um When you're ready to join us, but we'll be back at 2 30 and trade the afternoon cyber traders You know, we're going to do we're going to start commentary when some market opens up All right guys, so let's just sit back and watch what happens. I would probably just consider just to let you know We might have a nice little slingshot When the market opens up and then we'll see how things pan out if it's going to continue the short But I think we're going to have maybe some short covering whatever we'll see how that works out So just be prepared to make some money there, right? Good luck. Everyone happy trading. We'll see you. See you later