 Welcome back cyber traders on this lovely Friday. How's everybody doing on his third April? Good to see you. Well, good morning, Tim Lita Phil Dennis Ken Chuck Bonnie look all you great wonderful people welcome back Let me tell you something yesterday was One of the better Days we had in a while. I want to do a couple of quick shout outs But I want to talk regarding about what happened yesterday. I did great I know a lot of you did great some of you did better than you expected and I want to kind of explain that a little bit more because a Lot of people don't realize that Trading is a job, right? It's that's what we do. It's not about making 2% or 20% It's a job. It pays you a salary and it's also I mean, I know we have some people that like to fish out there I love to fish. I'm long Islander. So what we do up here and you got to put in your time And you know what you bring home dinner here and there but eventually you're gonna hit that big whale and You can't think every time you go out there. You're gonna get it, but you are we're gonna talk about let's talk And it all started yesterday with LK now LK First of all, um, I've telling you I've never well I I've seen it before but I haven't seen the stock drop this big this fast in Pre-market I can't even remember so LK the The copycat of Starbucks of China. That's basically what they are and They did a pretty good job. You know, they they're pretty smart. You know, it's funny You know, they'll come here to the United States They got they because I'm gonna tell you what the whole story about this is because I could not figure out What made this stock get crushed at 8 30 of the morning Which you all know is a very big time for us to trade here in pre-market at cyber trading It started exactly at 3 30 news came out stock drop from 27 dollars Did not even think twice and just kept going lower and going lower and going it dropped all the way down to $4 a share four dollars unbelievable and Unfortunately for me, I didn't get it on the short, but some of you did And what and because It was just going down so fast. So some of you guys killed it I'm gonna bring them I'm gonna bring them up, but um, but I got it on the bounce and I was waiting for the bounce waiting for the bounce and And it was funny, but it took about 10 minutes to build its its base out there And sure enough, I was very big into it And this is all before the pre-market all before the pre-market right around nine o'clock at the finally Hit bottom around 9 a.m Then it started going up and it ran all the way to 10 50 a share and you guys know what you were in here and And and we're sitting there trading like an animal train to stock And I told you exactly what resistance level is and by the way this stock because a lot of people were confused about I just want to explain something to you on You know, we trade stocks and they get halted all the time in the market You cannot halt a stock in pre-market. It's called open game anything can happen One of the reasons why a lot of brokerage firms don't allow certain Accounts open up in pre-market because they have no no rules. There's basically no rules There's no regulation if you get filled that's your problem, whatever it is and but you know, I'll know that that's where we make most of our money, but anyway killed it killed it yesterday and The thing that really ticked me off yesterday is I had such a huge profit Huge profit and I couldn't get the hell out of it You know, it was funny You couldn't get into it was going up and you couldn't get out of it was going down and by the way This is what we train for you know what I mean, so I know that andre did pretty good you got out at 10 bucks you got it on the uptrend and some of you guys did and I ended up getting out. I got I got so many shares of it I got out around 10 I got out at 8 and I got out at 7 and you could see the stock drop all the way back down to 6 again So I made you know, I mean like I don't know I mean like I posted I posted when it was going up at 8 So it was about 10,000 by then but the thing was And I think I mean out of I got I mean like a little bit over 12 I think it was but but I should have you know, those are things that just happen We were right place at the right time, but you know what I want to do a quick little shout-out because for There's somebody here that's been here for a while and you see him He's very well He's he's very outspoken in a training room and you know and he's been here for any loves it loves it Been here for a while, but Ken Thull had his best day He made over $15,000 yesterday, and I just want to give him a round of applause and everybody should give him a round of applause Best day ever he had I from from what from I understand right Ken pretty good job 15,000 good for you, man Um 13 13 5 you made all right Give him the you know what give him electric guitar for that one 13 5 so anyway, but you know what you got to understand something everybody that is not our goal It when we come to work in the morning It wasn't Ken Thull's goal to make $13,000 today. It wasn't my my goal to make 12, okay? Our goal is to make what we want to make for the day, and that's it So I want to kind of reiterate something because everybody that did really well yesterday I want to kind of remind you something and give you a reality check Just because you made a lot of money yesterday doesn't mean you're gonna make it today. So please do not get cocky Okay, do not get cocky and don't go out there and think like because let's say your goal because that's average day traders Our goal is to make a thousand a day make a dollar a day just because you made 13,000 doesn't mean now You know a thousand dollars is a joke, you know meh, you know whatever and they could blow $1,000 now You're a big shot So I'm warning you guys do not get cocky because a lot of you guys did you know listen We work really hard for days like yesterday, and they don't come very often But please don't go out there. You're right. Ken. It's not easy to make that. It's not You know what it was we were just the right place the right time and we knew how to trade And this is what you guys trained for and this is what the whole thing about what I'm talking about Regarding about the coronavirus. This is what you trained for you you trained for this volatility There's no read better time to get into the market than today, you know, what's going on We've been doing great. This this been like I told you I probably I haven't done this good in the market since you know I made more I've done more I made more money in the market in the past month Then I've made in like nine months trading and in this time of the year That's that's like that's unheard of be not because I'm a great trader or any of you guys because of what's happening in the market with the coronavirus So you guys got to be very very prepared and I just want to kind of give you guys a little reality check So do not go out there and get cocky because you had a great day yesterday So okay, I'm just warning you right now. I am not looking at this stock at all I don't want to look at it. I don't want to know about it I don't care if it goes back to 10 first of all the news that came out on this stock was so horrible Okay, basically they lied on their reports that they were making 30 They they lied on their Reports about something about 300 300 million dollars that they were making they fudged all the numbers And I'm telling you right now the rumor it has it that they might even get the delisted from the New York Stock Exchange Meaning they might send them back to you want to be public go to China or something like that I think I think with this whole coronavirus thing You're gonna see a lot of changes because I think there's over a hundred hundred and fifty Chinese stocks that are here that are trading publicly in the US and Apparently we can't audit them. I think that's the whole argument. I think they're gonna get a Company like this is really gonna get in big big trouble And if the companies don't I'm telling you what from what I heard and I live here in New York And I was up till like 10 o'clock last night talking to you know friends of mine that are traders and apparently the rumor has it that The US government's gonna start auditing because they don't apply by the same rules as you others US companies If they don't they're gonna delist them so I could think you're gonna see some grip more a lot more LK's Stocks that that are gonna tank and might even be delisted So really look for looking forward to see what happened was with that But anyway getting back to what we talked about 3M is a disgrace. You know what they are they are and isn't but 3M is a US company, right? That's that's the unfortunate part But that's another new top that's a total topic on itself, and I don't really want to get into that The bottom line is you know if 3M obviously is gonna get in trouble that is a stock We want to trade and you know, but the thing is you know the problem with 3M. It's an expensive stock It's in the hunt was 130 something like that Something like that that stock value they're still gonna make money regardless They you know, you know, it's a it's unfortunately you keep your friends closer your enemies You keep your friends close your enemies closer. Is that what they say? So anyway 3M, you know, unfortunately hate them But they need them right now, you know, but they might you know, listen, they'll get their day in court You know they're gonna things are gonna start changing. But anyway getting back to the LK trade I just want to bring that up. I don't want to pop everyone's bubble But you did really good yesterday go out there enjoy it, but you do not get cocky today Regarding about now that will send me to all this money You don't want to start giving it back and then because that's what ends up happening I see it all the time people start getting a little cocky They they hit a home of a grand slam home run now all of a sudden they come up to bat and they're like I'm not going for a base hit you stick with the program what you were training course Stay on course don't and just focus on your days pay now regarding about today Let's get in oh and by the way, if you missed yesterday Don't worry about it. There's gonna be more We do it all the time and the more you hear it see to you and the more you're a student You know you're gonna see it just remember this is what you train for but when you're in class By the way, like the phase three lesson four, which was phenomenal by the way if you're a student a gold student, you know I noticed people told me this is fast on watching it three times It's just incredible how you kind of play that out on that close of the day But you know what that's but it's about trading, you know, that's what we learn That's why you got to spend most of your time you got to earn you got to learn before you could earn But um, but listen today's friday, okay And we all know what friday means. It's not the greatest day to trade And i'm telling you i'm seeing a lot of junk out there a lot of junk I'm not there's a couple of good stocks that are moving but honestly, I am not impressed I am not impressed. We all know tuesdays wednesdays and thursdays are the best days to trade Okay, but there are a couple of stocks that are moving and I do want to bring them up now There's a lot of energy stocks that are moving You know, we all know what happened with oil yesterday Um, front bit did a tweet and you say that russia and you know, saturday rave are trying to work things out I guess, you know, they're both shooting themselves in a foot Like multiple times So that you know that caused the the energy stocks got crushed But a lot of them are are moving now. It's going to bring them up Fix this up right here. So you have like nbl You could see how they're moving up. They're not up a lot But if you look at the long-term chart, they got crushed I'm not a fan of trading these stocks at all And you know, and you know when we talk about in class One of the big problems with these stocks trading them that their spreads are huge Remember you didn't make any money until you until you sell the stock So You know, that you know, like my lk trade I think goes up like 20,000 23,000 I think I didn't I didn't you know as much as I wanted to keep it I couldn't get out of all of it because the damn thing every time I got a hold to to drop down two points So remember you the most important part of the trade and we teach you this in the beginner class in phase one Lesson one the beginner class that you guys take if you're a student you got it's it's the three three teas tradable trend and trap Okay Oh, by the way, I don't want to I got to go back and talk about okay Everybody keeps talking about like fouls though. How did you know where the support and resistance levels? By the way, the level four Was our Achilles heel yesterday that thing and you could see it There was a and the reason I just want to bring this up because someone's asked me Had you know the support at four there was a million share buyer at four bucks You see that red line right there that guy was there and he was eating up all those shares And you could see the nexus five then eight you could see that 200,000 100 that so and then there was a big There was another I don't know like a a half a million share seller at 10 50 And that's where the resistance levels was so anyway a lot of you guys are asking How did you know where the support resistance level was not only did we see it? on the book viewer, but on naztac but on on But on the the level four book map and just to remind you one other thing because I know josh And I want to reiterate something that happened yesterday josh was telling you guys It wasn't working the data was getting so crushed on the book viewer That I had to go back to naztac naztac was the only thing I was getting real quotes on This thing was it was just eating it up and destroying the data. You couldn't get any data from it It was just it was just too much going on with too many orders and it couldn't it couldn't calculate it So for some of you who are trying to tell me how did I figure out that resistance? It was good and when it started and then when the market started trading I had to go back to the other platform that we use The naztac book viewer, which you know, obviously we talk a lot about and that's where I found it So getting back to these oil stocks again Wpx is another one bno Wpx you can see the oil gapped up right now 10 3% us oh Um, some of them have good spreads like this one Oil obviously the word oil, you know But um, you got to be careful of the spreads. All right Apa. Yep. That's another one right there I saw that one that one's moved actually pretty nice. So I put that on my watch list too Okay, now let's go you're in right now. Jerry. Okay. Yeah, that one's moving pretty nice That stock got a little destroyed make a little bit of a comeback All right, there's a couple other ones that are moving this morning That are obviously trading on their own news and you can see in there on the big percentage gainers list You had ecor that we saw this morning. I don't know what happened, but now she's starting to trend down So she's probably going to be a scratch now Ay tu It was another one I found but I don't know they really didn't move. I mean like it's up for now some 4% I don't know The big news this morning is tesla tesla's gapped up pretty big. It's up 13% um But now she's starting to trend down again So that one doesn't look good and then apa that probably looks like the only one that's got to move So now listen not a really big Market out there with you know on a friday, which is okay, you know, listen when the market opens up We always find something different. You know, I mean there's always new ones that will pop up It's just as of right now pre-market wasn't the greatest on fridays, which we know that already Which we know that and and you know and the more you hear every day in your practice The more you know when when you need to work when you don't need to work because you know what trading is not a full-time job All right now with that said guys, you've got about 10 minutes before the market opens up We'll start audio commentary once the market opens up with me and josh and then For everybody, I know we have a lot of new members that have been joining us Listen, I look forward to talking to a lot of you today. I know some of you have appointments with me So we're going to make a decision if it's uh, if this is your opportunity to move forward or not Listen, if it's not it's okay. Don't take it in a bad way Uh, it's just you know what I'd rather tell you the truth than you go out there and lose your money So, you know, that's one of the big things, you know, we're not like You know, you don't you want me to kind of promise you the world and tell you everything is old puppy dogs and rainbows Like, you know, maybe like some other people. I'm not trying to bash anyone But unfortunately there are those people out there. Uh, listen trading's not for everybody, but Don't worry about it As long as you try it, we'll get there and then we'll we'll go from there We'll make that decision But let me tell you it is one of the greatest jobs in the world It really is especially when you see something like lk and if that doesn't sell you, I don't know what else could I'd rather do that all day than wait for that stimulus check that's coming in for $1,200. All right guys Listen, good luck today. Happy trading and uh, if you guys did well today or an early listen, take the whole weekend off That's well where you going, right? You're gonna be stuck in your house with the uh being locked in with the coronavirus But listen go out there go outside may do something may go exercise whatever it is may cook a nice little dish They always wanted to do but remember trading's not a full-time job. All right guys. Good luck everyone. Happy trading and We'll be starting commentary. Like I said in 10 minutes when the market opens up