 All right, folks, welcome on back here for another fantastic edition of our trader stock workshop live this Tuesday morning shortly after 11 a.m. Eastern as we always host this November 28th end of the month actually here for all our students and members alike including Barbara Cameron Rod had Richard just before Corinne Brad Eric Gary Sam Lewis got a packed house as always Bono bonjour no bono Sarah to wherever you may be residing nowadays Andrea the traveler here inside of high trading room perhaps back home now in Canada but great to have all this back there all this back otherwise on social media Facebook live LinkedIn Twitter YouTube the works I'll type this here in the chat early but if you're not subscribed just yet please do so at cyber trading you be a friend tell a friend so you can be caught up with all our live streams including this workshop we do this every Tuesday morning right here gives our students at least a much greater ability to you know break down the X's nose realize why we're doing what we're doing how we're doing just a little bit of course throughout this week actually we have our class week phases one and two then of course house to wrap up phase three next week but gives us a much greater ability to really go much further you know into exactly our setup here why we have these charts up all the other programs on our screen obviously as well integrate level four into it a little bit further but you know actually before I started traders talk here I sent out a poll question live inside our trading room so again that's where you got to mainly join us here folks Tesla is running all right so that's a whole separate being we'll get into Tesla in just a bit but before I started traders talk here I asked our students you know hey before the market even opened today you know in pre-market at nine o'clock when Fausto was doing the meeting himself which stock were you most interested in trading going into today you know obviously game plan could always change but we always begin in pre-market so no need to answer it now at this point folks we all just did before you know at least a bunch of us did so a few of us at least following the larger cap stocks right you know a couple of us I'm sure following AFRM that's hidden behind there a couple others perhaps that were focused on other trades so for anyone that actually clicked on other if you can for me right what stock you were looking at but again if you're following a large cap stock I think one of our students Ron was focused on that mainly though you were more inclined to follow the RDHL trade heading into today the RDHL as well as the HNRA but this is the main stock that a lot of us were inclined to follow going into the day not even just you know after the fact right of course RDHL is up the most right now percentage wise but that's not what we're asking right so if you're at your desk early in pre-market if you're at your desk at E30 Eastern even at 9 o'clock when Fausto begins the meeting you know that is where you have the best chance to at least take a step back to take a deep breath right like all right like where are my big iceberg levels right we spoke about this just in phase one less than 24 hours ago actually yesterday afternoon in the class we had yesterday so you know that's where I say at least if you're sitting here in pre-market you see this up percentage wise you know that we actually traded it just yesterday a bit in the afternoon well let's take a look to see where the iceberg orders are right so I hope that's what everyone did that wrote that wrote back to me and said RDHL it definitely showed it in the results in some of the trades and like Brian, Gary, John you know a bunch of our students at least cleaned up on this all right so this is what the heat map looked like just from the pre-market this morning we could even go back to yesterday afternoon when it ended up running up a bit more but let's just use this for everyone at least even even if you're on social media just joining us you know hey follow us inside our trading room after this workshop but we want you to take part in this question as well for Barbara, for Kathleen, Cameron, Rod all of our students here certainly you as well where are the icebergs here on this trade where are the key levels if anything you know not tossing any curveballs here at you so far just for right now for what we normally go through in traders talk week to week here where do we tend to see the icebergs on this chart what do we got Cameron saying a dollar and at a dollar 45 and we agree with Cameron our new member joining us here in our room a lot of us are Leland, Gary, John, Eric, Michael absolutely I would say that pretty much right you probably like zoom in here a bit just to really you know nitpick and see the price but yeah right here at a dollar you got 87, 88,000 shares that are out there now hey right away first thing is that not what we just said back in class you know just yesterday in phase one this is actually what we cover here in traders look every week but no we hammered the point home just yesterday in class our full phase one class iceberg orders are much more likely to be found off the round hole number prices one dollar two dollar three dollar four right so that's what I'm focused on here even just like a dollar one dollar right there okay now you could say the same normally actually at a 50 cent price level meaning 150, 250, 350, 450, 450 so I would assume 150 actually to be a bit of a level there's no line there though and that's not the question I was kind of asking so for Cameron and all of us here otherwise well certainly this right here is your proof in the pudding that at least there's some big resistance there if not at 150 then definitely definitively at 145 it's 102 plus thousand shares that are sitting there so you tell me you know where support resistance we nailed it at a dollar and at a dollar 45 this dinky thing here from Microsoft all right you know let's go actually back to let's go back if we can to just yesterday this looked like a mess yesterday here it seems it was getting halted over and over and this almost looks like algorithmic trading here just heading into the late morning so were there any clues of a big level even yesterday otherwise was there anything up top here well here it's not like dark red but hey it's right there basically at 150 so that does confirm my thesis a bit as far as 50 cent levels and whole numbers not really much else I could use to my range there there's nothing from yesterday's graph here that I could really find respectful and you're respectable to use as like an entry exit level for today so it's really just kind of based off what we had here in pre-market right and that being at a dollar and at a dollar 45 and you know 150 this combination we'll call it looking at CVP there's nothing really there that tempts me I mean this sticks out a tiny amount here at what is this 124 ish that's not as drastic for me to look at is like a key level at least so that's where I'm just more inclined to say at a dollar and at a dollar 45 so market opens up first five minutes we normally do wait anyway so this little run up I'm not taking part in myself anyway ended up pulling back and yes it looks like it kind of hit that 124 125 ish that I just referenced from the CVP column there you know it moves off of it right so in hindsight is easy to say oh yeah this is definitely where you should have gotten it yeah perhaps that could have been the first level in retrospect but you know I'm more inclined to focus on that 145 that 150 level so the question is what happened to this trade of course after the initial pop it got halted it got halted and you know we want to see what happens at least coming off of a halt meaning that hey for anyone that didn't have the chance to jump it off we'll call it like 150 here perhaps that could be support on such a strong breakout like we always teach especially with icebergs when a stock breaks above resistance and it runs off of it a bit we'd like to think the initial test of it on a pull back would be the best test to see support hold okay well in hindsight obviously that did not materialize right this ended up actually shaking a little bit higher off the reopen pulled higher lows after didn't pull back here and just continue so let's go into this further were there other levels to focus on when the market opened up were there other levels to focus on during the halts even here and after let me ask us really quick we've done this before here in trader stock what are we looking at immediately after a halt after a halt what happens immediately after a stock reopens coming off of a halt you know we're gonna see shakes we see big moves up and down that's of course the case there but there's something that I harp on quite a bit and we've covered this actually I think just last week in last week in traders talk I don't even like it abbreviated as much because it's not as much common to be like for me to type it as much so I don't want traders to get confused so Michael's correct the call but what we'll label it as is the halt print the opening halt print when it reopens off the halt we're gonna see a big dot pop up on the heat map here and that in its own becomes a huge level to work off of going forward so that will be something to watch right off the reopen immediately after now when I look at the cvp column it's not much I'm sorry when I look at the cob column here I'm sorry there's not much that really helps me because again I'm normally fixating on whole numbers and anyway as key levels two dollars there's 35 000 shares three dollars there's 65 000 shares like that's common sense at this point we should have had that lined up if not already then during the halt we think okay two bucks two fifty then three dollars I know those are something that that's something that Fausto shows in his like introductory to trading webinars he does every week so the key is well it got halted at 171 maybe that's a price you can possibly list as a level to look at but this is the big level I'm going to harp on here going forward this is about 860 000 shares so when it comes to how big is big you know what's bigger this number that number when we're looking at icebergs on the bid ask here that could be like 30 000 60 000 those are large to begin with but when we have something that just abruptly shows up on the heat map whether it's an iceberg or a print level like this this being nearly a million shares but now it's at the price 228 right two dollars and 28 cents it says it's filled out okay so here's how we treat this ready on time and sales what do we nickname green as from Michael John Barbara Eric all our students here that have gone through phase one you certainly should know this at this point phase one in full we're actually me covering this exact class tomorrow tomorrow morning actually we're gonna be doing this exact class for anyone for anyone that could hear a loud dog barking right now actually I had my window shut but I guess that doesn't block out any of this stuff so what do we got folks but what do we nickname green as Eric and Michael calling it buying do we agree folks for Barbara Frank um Corinne David what do we think folks be good buying it is you got buying now that's what we take it at phase value as that that's the nickname that we'll give it at as and we'll take that at phase value initially all right that's buying okay it's a lot of buying well let's take one step back before we show you the end result here because in hindsight we know what happened afterwards right but this stock just even from yesterday just from yesterday alone gapped up from god knows what price this even is like 31 cents this is gapped up and ran up to a high yesterday of a dollar 14 and then it gapped up again in pre-market this morning and popped up obviously to a high even at this point that we had here at a dollar 71 or reopened up at 228 like we said okay well that's a huge move to begin with I thought I didn't have my calculator here will break out my trusty calculator right now so that opening halt print was at 228 by the time this reopens up we're talking here okay so this rthl stock made a 635 percent move when it by the time it reopened up and I'm talking from Friday's close from the half day that we had from the end of last week that's an enormous run so the question that you got to ask is not just how much more could it keep going up is it's really even more so when is the the top of the roller coaster going to hit when is this going to end up really pulling back hard you know it's already popped up so much granted again I can't not show this stock to this point but it's like on the whole theme at this point but TPST yeah obviously this thing popped 3000% actually for us in one given trading day not every stock is going to be TPST folks you know when we say a stock is up 40 50 percent okay we could say well why can't it go up 100 percent 200 percent okay that I can kind of you know use a little bit but when a stock is up 635 percent I'm not asking all right when is it going to go up to 3000 percent you know like you know the top of the roller coaster is coming sooner than it is later obviously in hindsight this continued to push up a little bit more afterwards it took its time now look at where it's at so obviously the wheels fell off over time now the key is on this trade well obviously it didn't pull back to 150 it didn't even pull back to here where it initially got halted from but let's see what happens just going to put this line now at the whole number level two okay so I gotta ask to ask I actually haven't asked this question a little bit I've been trying to avoid it because I sound very annoying asking it every week but for Barbara, Gary, Jeff, John we got a trio of Johns joining us here for we got a trio of Marx as well so for the Marx and Johns out there and a couple Michaels joining us we actually got a trio of Thomas's too geez all right for a lot of us joining us here I gotta ask my best entries to buy a stock are directly after what just feed me my line folks give me my line for me if you may my best entries to buy a stock are directly after what Eric actually answering the second question I normally ask my follow-up question to this one so Eric we're gonna get there in just a bit that's for sure Mark saying breaking through a big level on the way up right so with that in mind ended up seeing a pretty strong push here all right we got to go to Tesla and just coming up next actually because Tesla we called this out just earlier is on an absolute tear it's funny that I just kind of said this because when Eric just said big move I'm thinking I'm like well I just brought up Tesla before and it was running I'm like where's that right now my position so I just took a look oh yeah oh yeah we are we are good on Tesla for a little bit now but you know hey getting back to my initial question here my best entries to buy a stock are shortly after what it breaks through a big level on the way up right so I want to make sure we're all correct there so Sam I want to make sure you're on the same page Bill Barbara even what Michael wrote and Mark that's what we're looking for when it breaks through a big level on the way up and I'm being very nitpicky with Eric because well clearly this is not resistance my friends that's not resistance right and you know that's where we have to say okay well of course it's above two dollars here by the time it reopens and it pulls back so the first test of that price I would like to think that could be support it's easy to say it looks like it kind of hits it on this candle but the question is though does it actually kiss it does it break under it what happens when it does break under it and I think we know what happens just looking at this green candle right here you see that I want to see if it nips it by a penny so let's say so notice the low right there look at low right there in that little data box 201 meaning it does not touch two bucks yet 203 203 zilch nada 202 nada nothing 199 my friends so right here this is the first real test of that level as support right so that's where I could be at least a little bit more interested in saying okay let's see if it can go under and over under and over right we'll get to tesla next because obviously that did a very similar move more name more large cap stock but same point where hey support held under and over and I harp on that so much because you might look at this and say well oh you know I had like 10 minutes to see support hold there clearly it held right well hey if you're joining us here and you're new hey if trading was that easy why are you here why am I here why are all of our students here we have over a hundred like 20 of us inside our live trading room currently why are they all here because trading is not that easy right it's not that guaranteed so it's easy to look at something after the fact and say oh well of course but we go over the same process every single day here in our trading room a lot further more in our classes like we are this week phase one and two but in traders talk this gives us at least the best chance weekly to kind of unzip this and say okay like what really happens here how could I actually take a trade again I shoot straight I'll tell you straight up if I'd say all right that actually wouldn't really be the best entry like I wouldn't have the easiest time taking that trade well you know what if this breaks under two dollars and completely craps out like if it slams below two and doesn't even think about coming back up above it well there's no entry there if it breaks under two by a large margin and moves back up to it a bit well it's kind of like saying what happens when support breaks so I'm not looking for even a large break under two I'm looking for that little nip under by give me like a couple pennies a few pennies at most that low there is just one penny at 199 so if you are hyper focused on the rdhl trade like that well by the time it goes to two under and over and it makes that higher high later on let's see if there were icebergs there and then on top of that I just want to do one last thing with the rdhl okay so yeah there was a smaller iceberg here right obviously it's no 860 thousand that's for damn straight but you got 47,600 shares on the bid at two dollars and it was out there by the time the uh stock reopened up from its haul so what happens is you're looking for that under you're looking for that over under and over and yes it made it by like one singular penny here maybe it's by a few pennies but you're looking for this exact movement whether it's by a penny or a few obviously if it breaks under and stays under that's bad news that's trouble but you know that's your slingshot now over time it like would have like been a close call here because I wouldn't have been a fan of this pullback I would have been more interested in seeing a higher high over time we got it for a little bit but you know the next level was the real big level that was the 860,000 that big dot at 228 right so first test of it held like a rock it looks like it nipped over by a penny okay so false break out at first even better so for as big of a level as that is I would want to see a couple tests of it at first again common you know saying here and like we always teach in our classes our one-on-one coaching program got a few different calls today with some new students that have joined us over the last month so looking forward to working with them over time here and it's to say that the more a stock tests a big level especially in a shorter concentration shorter time frame you are expecting that reaction so it does nip it at first pulls back even here it comes up to it hits it hits it again and then on the next bar even that's your larger reaction so you are looking to take it likely just within this time frame here whether it's this bar this you can't really time it perfect it's just to say the more times it's breaking over it in that concentration it's got to make a larger move than just like a few pennies up or a few pennies down right and here's the unfortunate part here is obviously the unfortunate part this blew the roof off of 228 this made a hell of a pop actually this reminds me very much like a stock I have been actually referencing quite a bit here in these workshops of late and I'll actually bring it up one more time because it once again is a very similar pattern so this obviously popped up and dropped back down it didn't even hold this as support right you were you would expect support at 228 there well it breaks under it it doesn't go under and over though right just on this one one minute candle under and that's it game over so you can't catch a falling knife you can't just place a body order out there on the big kick your feet up and like that's it you can't uh you got to wait to see this go under and over and then you're looking hey really quick for all of our students here I know Eric answered it boom make sure we're on the same page once we're in the trade what are we expecting shortly after when the stock breaks through a big level and we're taking the trade we jump in what are we getting shortly after there Eric there we go a big move so it's easy to say that yeah off of two we got a decent move and it held and moved up more off of 228 we got a big move we got our move at first but even at that point you got to see support hold well if it's not going to continue to make that big move up more and continue up towards three perhaps or make a higher low and go up again well hey it's going to make a big move still it's not necessarily going to you know just revert back up here again over time it's going to make a big move but not up it's going to make a big move all the way back down and perhaps even lower by the time we're back here this afternoon uh again the stock was 31 cents back on Friday you know like how much more could you keep expecting a stock to move up um you know I sound very redundant with these same catchphrases and lines here but go back to my classic car joke difference between a stock and a car when you take your foot off the gas pedal for a car it just drives you know and coasts and stops over time that's it for a stock it goes in reverse for you so you know the foot was taken off the gas pedal after looks like it was it was revved on it for a bit then it was immediately taken off as you could see it pulled back and this needs to hold if it's not going to hold this is your reverse so you don't want you don't even want to hold on that long anyway but it's just to say you got to realize that if it's not going to continue to make that support build so uh this actually reminded me much like the stock VSMA no I thought I'd be able to uh do that all right let's see if I can actually go back here then in time to October 5th let's see trade station sometimes a little pesky with allowing me to go back on certain days so I hope I'm able to you could just see it on the daily chart either way here but this is just one daily candle and as you could see within the course of the day it went from 864 the high down to a low of 212 and that was shortly after a huge breakout pop over clean resistance obviously trade station not being my friend here today not allowing me to show that uh historical that's all right so you know same to be said though for rdhl it blew the the roof off the ceiling here right or blew the roof off the place here at 228 and and you know moved up so nicely but it's got to continue you know why did not hold support here and that's where you say if it's not going to hold support then obviously it's going to make a full fledged drop off at that stage you'd feel all right tesla time all right this has been an absolute monster of a trade so far holy smokes okay let me ask is anyone in on this tesla trade as far as tesla options or tsll of course this etf we've called this out quite frequently obviously when tesla moves this goes with so chuck urin gary urin holy smokes what a run that we've had so far kennedy in the long term hey that's nice to at least you know nice to have this move at least long term either way and the reason I ask folks we're not saying that it's mandatory definitely should have everyone's trading different stocks hopefully stocks were primarily calling out here in our room but you know hey if it's not rdhl maybe it was afrm if it wasn't afrm maybe it was the hnra trade right um myself i didn't have skin in the game today for hnra or rdhl i'd skin in the game for for afrm i'd skin the game for tesla so that's what i was inclined to focus on so i'm just asking to ask now i also asked to ask because again we made callouts on these trades the play was sent out to our students that were interested in the stock so with that let's go to tesla obviously is flying brian right now the thing is on a huge move here um i want to go over basically in some nation what i was looking for so you know there's going to be a couple interesting tools that will be kind of showing a soon i'd say on book map a couple of new features that they've put out over the last few months that we've been slowly looking to acclimate ourselves into the c2 universe here um do it over time so and i just will mention part of what i was using for an entry was actually based off that a bit but it's the same to be said though with just clean support resistance and knowing where your iceberg orders are primarily for a lot of these trades so you know we said it earlier for pretty much most stocks you know at these whole number price levels you're more inclined to focus on icebergs there you're more likely to find iceberg orders at whole number of prices but i'd even say for tesla i'd even say for a stock like tesla it's like not even whole numbers it's so so expensive it's too expensive for that i would say even every five dollars as in 230 dollars even though there's no line there 235 dollars 240 245 250 you could see this pretty cleanly right so every five dollars to me is a large level to work off of here for tesla these are my levels i actually plotted here today so on top of 235 i basically basically had a small web of support that i lined up i did this all before the market opened up here today so a couple other prices that ultimately held is like the bottom and whatnot but you know it was really for me 235 if i was able to see tesla hold over 235 or break over it over time then i was inclined to think that we can get a pretty strong slingshot here throughout the day um market dependent you know obviously market dependent here so of course the spy is running up right now pretty sharply but it's just that hey every trade begins with a big level so for me i was focused on 235 and at first i will say i took an entry on this where i thought i wasn't going to really get what i wanted initially i didn't get what i wanted in the long term but it was teasing you know i was like wow maybe it will so it went under and then back over 235 and by the time it nipped back down here this is where i thought we could see like our first real test of support and then from that point perhaps a stronger pop back up like we're actually seeing now well hey just like i asked gary and john and kennedy and all of our students here in cybergroup what happens when a stock breaks through a big level and you jump in well we should be getting a big move shortly after right so like for this trade i was much more inclined to focus on the option side of this so i took the 235 just calls for this week and you know hey i'm looking for a larger pop we started off good okay up a dollar so far on the equity on on the stock at least here and up a little bit more afterwards but it's still having a tough time at the v-wap market was going nowhere at this time wasn't popping like it is now so obviously that was the fuel that really you know allowed tesla to go but hey like i told you folks if it's not making that big move up if it holds support okay then i'll just kind of grind my teeth and let it be but over time even on the option side that's going to depreciate just the value of the call so you know over time i got stopped out on the position before it even broke below 235 it did over time here anyway now it is to say though if it's going to break below this big level and we have all this like a legend selling here and this should not only make a lower low this should like freaking collapse this should tank um i don't want to show it too much in my regular chart because there's too many lines but over the last five days tesla was building a pretty strong pennant it was building a pretty strong pennant sideways so i was thinking okay well if 235 is not going to hold and this might just collapse and i was warning our students about that i wasn't buying puts on i'm just saying like i think that this could collapse i'm much more bullish long term so i'm not even thinking puts well over time it bounced off 234 it's spiking up here pretty quick i'm like no way i mean 235 has to hold as resistance there if anything it blew right over 235 so that was the trigger for me to say all right there's a fine line between stubbornness and making an educated decision with that big level so it allowed me to reconsider the trade right off that 235 as it broke over it felt like i was even chasing a little bit at that point but as you can see now obviously a nice happy ending for us all but you know even as i'm starting traders talk here i was shaking down and i'm like okay are we gonna make sure we get a higher high or at least hold so obviously led to a phenomenal run up just on the stock and then on the etf and on the options too um at this point now ah man i might just jump into my wee ball account right now and just like that's it just close out but you got your next resistance at 245 that like as long as the markets continue to hold here and make higher lows i was more bullish on the spy actually getting closer towards 458 from last week i think thanksgiving screwed us on that honestly just because the holiday black friday was a half day low momentum there's like no one around in the market to allow that push we're seeing it here a bit so follow us later on this afternoon for all of a sudden social media at least this afternoon on youtube we'll check back in on the spy i think that exact price um let's go right here no no no no no no no no here's this one here's this one there we go that's my line 457.79 this is the price i was looking for this to hit even from last week on a more bullish move obviously did not get it because just low momentum this push right now allows me to reconsider that opportunity and if that's the case then certainly stocks like tesla ramd etc you know all your larger cap stocks coin base perhaps too but you know rising tide lifts all boats so this blasted over 240 for me i find myself pretty safe on this trade now so long as this at least holds over 240 or this little structure right here took the time to build afterwards more so than anything just get to move up perhaps up to 245 next it's really a beautiful move mid mid traders talk right now so cookie doesn't always crumble like that mid workshop like this but that's a hell of a pop if anyone's in on this tesla trade congratulations so far you know it's generated based off a larger market pop but not every stock is really like making that more volatile push uh you know that i think tesla was up a little bit this morning percentage wise if i'm not mistaken uh i think otherwise a couple other trades like Shopify was no no pardon me that was not that was down this morning it recovered a bit but still um there were a couple trades that were up percentage wise was a coin base maybe yeah there you go up five to six percent now nearly six percent up over 125 and yeah so for stocks that were up percentage wise in pre-market not a guarantee but if they're up to begin with and there's at least a trend upward to begin with it allows you to ask okay well what if what if this ends up making the push with the market today and it's not just randomly asking what if the reason you ask what if is based off the buying pressure that comes with an uptrend so even here on coinbase wasn't trending upward by like nine o'clock nine 20ish here but pre-market it was up percentage wise and generally speaking it's up you can't say this is trending down leading into the open here looking at this graph so you know if it's up percentage wise especially was healthy yesterday it allows you to ask what if where's the buying and what if it happens again that's all all right so i probably killed a couple birds with one stone here not literally of course the figuratively so with that i meant questions that came in from students so i had one before and i that's what i was gonna segue to oh here we go from Joanna actually this was actually sent in right as i started so i saw it i said right away let's make sure we answer for her and actually one afterwards from thomas um joanna asking hi josh i realized a little late for questions but if you have time could you please review when to enter and at what price uh for when the stock starts breaking above resistance so i answered this question kind of on the rdhl with support with support at like you know two bucks like from earlier there under and over and i answered it briefly with the 228 where you want to make sure the stock is showing a couple retests over a shorter concentration more or less the more times it's nipping and gnawing at that big level it's weakening it it should lead to that ultimately an ultimate reaction off of it so here although it dropped off afterwards it led to a pretty sharp pop up a nice little entry that one could have taken at least you know that's at least the start that you want to have um let's go to well let's go back to that poll question that we had up that each nra was next up at at least more of us kind of you know inclined to focus on that you know at least going into the open um this looks like a chop chop fest like a chainsaw you're chopping through uh all right so hey up percentage wise of course but not only that you can't say the stock is trending downward leading into the open you know a little flat before 930 but it was trending up pretty well and then it then it fell flat a bit uh just give me a quick sec just gonna get my settings configured on my level four here for this trade all right so you know hey it's easy to say what happened in hindsight right but this is where I could tell you at least when it comes to preparation and you see the stock moving up before Thoustow does the meeting and obviously you know he's gonna you know follow it put it on our main list then right away you should be looking at 50 cent levels whole numbers for a stack like this year two uh 250 namely three dollars I put a line at two but that's kind of an irrelevant price at this point here when it's trading at three dollars I wouldn't be as inclined to focus on two um I'd be inclined to focus on 250 I'd be inclined to focus on three I'd be inclined to focus on 350 maybe even four because we're not really looking for a full-fledged reversal on this trade that kind of means the stock's crapping out the other way and there's like not much incentive to really trade it look at it so I'm interested in levels that are upward at least like 350 and then four um so these are the first prices that I'll just plot on my chart regardless now what do we have on book map so here's our iceberg at three this showed here pretty uh quickly after the initial pop about 29 30 000 shares that sat there I remember calling this out this had a very thin order book very thin book big spread very scarce orders out there on the bid ask so it's easy to say it popped up here but this really was not as easy of a trade initially and it looks like at least if there's any facilitator here that helped the process of this run up it was the order on the bid it looks like some some smaller iceberg we'll call it not even a large order but for about like 8 000 shares you know showed up suddenly on the buy side and that's what generated the move up easy to say that after the fact that at least there I'll admit um but hey what's easy to see before the market opens if anything is the fact that we had resistance at three it broke over three once and pulled back there's a new order that showed out there so not only is three a big level but we had definitive interest at that price already I mean it shows it on the heat map here the delta columns but on top of that just the fact that we saw this order get broken through this move through this orange line well the fact that it broke over it once again I gotta ask and we're gonna really hammer this point home one more time in class tomorrow I see Cameron's question which I'll answer in just a second but for Danny and for uh Bell and for Michael and John Patrick Lynn and Margaret all of our students here sometimes I'm just going through the participant list in the chat so if you ever hear me point your name out I'm just kind of scrolling just kind of looking at random names in the participant list so uh you know just to ask you what color do we see on time in sales when a stock is moving up again we answered it before so same question when a stock is moving up what color is coming up on time in sales there we go and Cameron answering it too green all of us otherwise green and what do we nickname green as one more time we nickname green as buying okay so is there much of a surprise to me that this made a larger reaction off of three on the second attempt not as much not as much I mean even if it gave it another test here and it held and then within two minutes time it broke it again and made this pop okay cool that's nice all right well hey broke it here it ran up like 35 cents when a stock breaks above resistance runs off of it resistance should become support it does now this is cutting it a little close to the market open though so for a pre-market trade I try and be out of my positions by like 9 10 9 0 5 and the more like kind of right here I'm not trying to hold on to a pre-market trade the 20 minutes before the market opens up I say it for two reasons I go over this quite frequently as well just you know here I have the chance to on this example there's really two main reasons I try and stay out of pre-market trades right before the market opens I try and get out of them before 9 10 9 15 we'll call it the latest two reasons a you want to make sure the stock has a chance to breathe and relax the stock already made a big pop up earlier for a stock that already popped up and traders that were in it overnight you wake up stocks up God knows how much percent probably more likely to sell probably more likely to take profit so if that's the case then what do you think this stock is more likely to do over time probably pull back probably chop around a bit otherwise at least so does it give you much incentive to stay in the trade if the stock is going to shake around let it let it breathe and relax a little bit let it simmer down after the first five minutes then you can have a better reaction to it afterwards reason big you want to give yourself a chance to breathe and relax not just the stock give Barbara a chance to breathe and relax Ravina Danny Tim got Terence joining us Lawrence Leroy right from Baytown Texas great to see Leroy absolutely give Leroy a chance that we're going to breathe and relax before the market opens up figure out where your levels are here over time how about other trades that you're inclined to look at you know when I asked that poll question earlier what stock were you most interested in trading before the market opened up well that question was directed towards just one trade we don't want you to be following six or eight or ten but you know you got to be watching probably like a couple watch a few know really more than that but like watch two or three got a couple in the wheelhouse that you could cycle through so what about those trades what are they looking like what about the trends on them the levels you know where's the big money on those stocks are you really going to be that quick to react to it right at 930 without really seeing it beforehand you tell me I mean there's definitely some quick people out there I know some traders here find me quick at multitasking maybe but maybe that's just with specific tasks and duties I can't multitask random things you know it takes practice it takes time right so that's where I say even for anyone that has been with us for a little bit you know it's still going to give you complications to have more than less but you can't just have one less is always going to be better than more so you want to have like just a couple a few stocks that you're kind of cycling through so here at 9 10 9 15 in the morning if you're in this trade already at this point I'd say take the money and run just anyway but give yourself a chance to breathe and relax and say all right what's my game plan on our DHL what's my game plan on AFRM right what's my game plan on Tesla here still hold okay go so you know that's where I could tell you going into the open at least what happens well if I can get the opening bell print here correct probably going to lower the filter there a bit we probably got to lower it a bit more uh-oh very small opening bell print here on this trade and I'm not really a fan of that holy smokes was there no dot here oh my goodness okay let's 10 000 there we go what do we got it's a 19 000 share transaction it's filled exactly at three dollars so we knew that three was a big level anyway it's a whole number showed it on the heat map anyway well on top of all that three dollars is the opening bell print so you know add on top of the pre-market volume another 19 500 shares exactly at that price so at least that's kind of simple it's not big but uh actually speaking of which I mean it's pretty much the same size as this iceberg order much more frequent than not the dots at the open are larger than your icebergs so that's where I really emphasize that point a lot well it actually goes to show that you know this is just the same size even as this they're like the same strength three dollars and a new iceberg shows up here at 330 okay well first five minutes we don't trade got to tell you that so right away this ends up failing to make the high or high clean breakout off of 330 but it's still shaking around here in minutes one two three four and five here so okay 935 hits just about like pretty much at this point it's not at three yet on a pullback it's still shaken in between it looks like it tries to make a pop up right here so let's just be very truthful here and say what if one thought this would be a very good idea to jump in right on right off this breakout I didn't take this trade I would tell you right now I would say that would be a decent idea I'd say that'd be a decent thought especially with this iceberg order getting filled here suddenly it got pulled at 331 and actually got filled so it looks like the bulls ended up trying to squeeze this seller out and it broke over our level here anyway at 330 like this to me would be like actually a pretty fair entry to take right where my cursor is breaks over resistance right there right where my cursor is no waiting actually you just want to jump in as soon as it breaks right over that 330 well the unfortunate part if that's such a big level then we should be getting a pretty big move shortly after shouldn't we yeah well we started off nice it started off like okay 13 cents is not a big move though and we don't really have much resistance out there otherwise so why is this not going up to four bucks why is this not making the same type of run that it made back in pre-market maybe there's even more eyeballs on this trade now compared to pre-market anyway so you know perhaps there could be more buyers this should be phenomenal well it starts off good but again the foot was taken off the gas pedal pretty shortly afterwards and we should know what happens more often than not especially if our levels don't hold the support so you know unless if 330 holds this support you know that's one thing you know I'd probably like I said before be grinding my teeth you know kind of like frustrated come on but you know if it holds over the level okay but yeah once it breaks under it that's bad news bears so it's even to say I tried to even again here tried up one more time if anyone dares to take it a second time and try and jump back in you're not wrong with thinking it especially with their not really showing their much resistance above that level but it's the same mantra you know if that's such a big level which it seems to be from right at the market open and if it's nipping a nod and added here then you should feel justified with taking the trade but again you got to be expecting a big reaction after don't fight it if it's not going to give it to you because look at what happened here over time ended up pulling back shook back down even tried one more time here does it give you what you want it's still really nasty move actually so the more it ends up shaking around it you just naturally become detracted by it you said all right this thing is really not budging there's probably other trades that are moving better so you do want to give it maybe another go but there that's kind of where I kind of give the line of like fool me one shame on you fool me twice also shame on you fool me three times okay shame on me that that's on me there I don't mind taking the same trade twice especially if it's off a damn good level but if it's not giving it to you over time you don't want to turn into the type of trader that's bashing their head against the wall just trying to do the same thing over and over expecting you know just that pot and you're not getting it because again look what happens here now at this stage obviously after the last run up pulled back down again so really I would have expected a full fledged drop off even at this point I would not have expected another run back up as it did again but you know if it's not going to make that larger reaction up then you know what direction it's more likely to go so all in all there's even 350 that look like the better level of the two the 50 cent level and from there pop and drop and moved up there a second time just as we started traders talk here and then hold back all right so I want to go back to Cameron's question I did not lose sight of that in the chat board Cameron so Cameron asking in the chat if it fills your order but goes against goes against you where do you put your stops where do you put them so I'm going to answer this just of course efficiently here in this in this you know workshop but there's a full class I teach in phase two phase two of our full curriculum it's called setting stops and taking profits we did this back in September's classes so when you enroll with us as a student you get all the recordings of the past two three years of classes so I'm talking this calendar year of course just this past September just you would dive through that class recording full 60 plus minute class I teach on just more so like where you set stops on certain trades cheap stocks expensive stocks stocks that are thinner stocks that are more liquid the the insumption answer is I said it very conservatively to my level pretty much either way either way you cut it I'm setting my stock pretty tight to my quote unquote big level if I'm that led to believe that the stock is going to go up off the price I'm looking at then I have to be led to believe that if it goes against me then all right then let's just abort that's it get out abort mission it's easy to let emotion seep into your decision making as a trader as someone that is risking money you know I mean I don't want to compare it to gambling actually in this sense but truth be told when we are like actually at a casino we're like having fun when money's on the line emotions are high right and it's happy emotion right hopefully not bad emotion greedy emotion but like let's just say we're tossing $20 on like roulette having fun right it's the bright lights are all at the table and suited up and dresses and the suits and having fun like there's emotion on the line right okay well here when we're making much better and higher educated decisions with what we're doing with our money well emotion is even more on the line because we're saying well damn what if I'm wrong am I even doing the right thing to begin with right so you don't want to hold on to a trade any longer than you need to in terms of a big level that's why I'm so adamant with the same catchphrases because there were trades even from last week that we covered where you know hey I spoke about it like even on a stock like Tesla here what happens if this fails to you know hold over 235 after I jump back in what if it ends up breaking below that line again well I told you before Tesla is building a pennant so what if that pennant broke lower to the downside I don't want to be held liable for that there's no need to be so the same would be said for like shorting the stock anyway hey actually in hindsight this broke down initially so you know I was waiting at first for this bounce to happen I thought it would be later on I tried it at first here and then obviously the reentry later on but when it first broke down here and you know pulled back maybe one thought that with the market potentially dropping off here maybe Tesla would be a good short okay looks like based off the chart I don't blame you and with that when it breaks below support support initially should become resistance it did okay well if someone went short right here is there any need to hold on to the trade longer than by the time it breaks back above that price again I mean hopefully you should be taking profit but it's just to say at least you know is there any need to hold on for a big losing trade once it breaks over your entry level so case in point for Cameron here and to all of our new members at least are students alike you don't want to set a wide stock especially in relation to the to the level that you would enter from so price will depend on exactly how many pennies I set it away from more expensive stock you're going to have to risk more pennies per share especially if you're trading like the option calls or whatever that's a complete different chart different price on the premium etc but you know you're basing your decision making off the equity there at least so that's where even furthermore if you're trading options and I'm not even you know just specifying stocks even just options furthermore that's where you got to be even more you know cautious and make sure that you're going break even on your trades break even meaning like you know up or down like 20 bucks 10 bucks whatever it may be you know especially if you already had some good profit and you're letting it wash away in front of your eyes well again let's say you went short pulled back you're in the money things are good okay pops up if you make a little money on the trade that's still a good trade right profits profit don't beat yourself up because you let some profit get away from you but by the time it goes all the way back up to the same level you took the damn trip it's like okay at this point what's the point in holding on any longer than that at that stage it's like just you know if it breaks above it just go break even and that and that's it you don't there's no need to hold on any longer than that right so it's just in the sense of making sure that we get out before the momentum shifts the other way uh same to be said for our DHL and same to be said for the HNRA trade otherwise right you know what happens here when it breaks below three dollars as support we would expect at least we would expect for support to become resistance okay so you know if it ends up holding here and drops then certainly we have no business with it if this suddenly pops back above three it's not to say I'm going to be interested in the trade again they would honestly have to break over like these highs here for me to become more jumpy towards it here at the stage but you know there's not as much momentum on a stock like this after the the initial run so for anyone that's looking for a big move or hoping for a big one it's more risky at this time of the day because even though it looks slower the reward is often not as large or certainly not as equal as what we had from earlier so that's where I say you got to be very defensive if you are trading at this time if anything all right so I want to answer Thomas's question just before we wrap up and honestly to be very transparent and straightforward I kid you not I read these emails live right I have no agenda with these emails and before I start traders talk I have more of an agenda with the stocks I'm looking to review did get an email from Sir Thomas here asking what does it mean that a stock has a good spread we're actually after 12 o'clock now if you are a phase one student please do your homework as a student and if you're asking what a good spread means it is now your job to go into the recording that we have on the student portal we taught this class just little over 24 hours ago this one was a little over 24 hours ago you know just at 10 30 Eastern yesterday morning we talked about this with our beginning or our introduction to volume class in phase one so please not just a Thomas but to all of us here if you are still wondering what a spread is or what a good versus bad spread is you need to do the job and go through the class here at this point all right because that is something again I just covered yesterday if you're asking that's that's the whole purpose of class I have a full 60 plus minutes breaking that down if anything all right I hate being the mean guy and brushing questions off and saying go watch class but especially if it was just 24 hours ago that's what I say for all of us that were there already you definitely know what a good spread looks like and for those that at least were not there well you know if you're a returning student that's different but if you are a beginner student joining us you've got to make sure you're going through our curriculum in order perhaps but you know at least at that point you know it's not long before that you'll kind of run into the class that we just conducted yesterday so for any of our students and members alike definitely do that but we're going to finish up traders talk right now folks I'm actually four minutes over time I got to jump on to a couple coaching calls throughout my afternoon here coming up looking forward to it but for any of our members on social media facebook live linkedin etc etc follow us at cyber trading you if you're interested in joining us for our workshops our live streams our morning and afternoon meetings just make sure that you're following us on all our social media streams and platforms there at cyber trading you otherwise though just hey if you have any questions feel free to shoot me over a quick email personally josh at c2 trading dot com dry mouth today but always like to get the email up there showing at the end any questions or comments that you got from me on top any follow-up questions that you got from me feel free to shoot me over a quick email otherwise though just if you're interested in getting the full rendition of this workshop including all of the recordings that we've conducted as well afterwards make sure that you scan that qr code on the top left of the stream just with your camera for fans with your phone your camera scan that qr code get you access to our live trading room for a full week our next broadcast again will be there at 2 30 eastern just for the afternoon all right folks but again hey we have class all throughout this week tomorrow we'll be continuing the phase one stock course so for all of our students hey if you haven't been following up the classes again just go through the recordings at your pace but we will resume the live classes right at it tomorrow morning look forward to that on top all right folks but again we'll be back this afternoon talk to you all soon take care