 All right, ladies and gentlemen, welcome on back for another fantastic edition of traders talk our live Q&A workshop Normally hosted live inside our cybergroup trading room Of course today a special treat for all of us in social media Facebook live and YouTube you folks have access to this workshop today It'll be on our stream just later on as far as the recording so you could always come back to this later on For all of us there. My name is Josh Levitan. I'm the senior instructor here at cyber trading University I've been with Fausto for the last six and a half years trading the markets day trading with our students live Inside our trading room great to see all of them here today as well Tim Randy Bonnie Scott Gary Lewis Chuck Joyce and all of our students there Like I'd said, you know, I want to start traders talk today pretty much You know the way that we've always covered traders talk live inside our trading room and that's simply a trade-by-trade Analysis especially for a morning like today. So what I'd like to do just to begin is I'd like to actually just show the Morning picks that we ended up posting of course for anyone that was watching with Fausto earlier Whether it be live inside the trading room or on social media You folks should have seen this list here at the end and we had our pre-market list for all of us there in cyber group early But you know, we ended up choosing AG EN ULBI MITO and a bunch of others, right? So first and foremost How do we cut this list down to a group of like maybe one or two or maybe three stocks for us to try and trade? Because keep in mind. We're not going to watch every single one of these stocks at the same time We're not going to be trading really more than just one stock at a time. Anyway, you know For any of our more experienced day traders here inside cyber group, perhaps you trade a couple at the same time But it's not needed if you're following a big mover You don't need to trade more than one stock at a time You don't need to trade the craziest most volatile mover out there in order to make your days pay But how do you remain focused how do you remain disciplined and just do exactly that? So to begin what I personally do right away is I'll follow stocks that I'm very familiar with Just on a day-by-day basis or week-by-week basis, you know, not every one of these stocks I trade every day let alone that I've traded even before once So, you know to begin for example, there are stocks on this list that I am pretty familiar with as a day trader stocks like Nikola stocks like Givo and Well, you know when it's moving off of news and especially yesterday AT&T, you know It's a very liquid stock tight spread just like you could see on the far right-hand side of this screen And I'll get to that in a moment But you know, hey if I'm familiar with those three stocks and more often than not I do pretty well on them Wouldn't it make sense for me to follow those three stocks leading into the market open as the market opens up Wouldn't it make more sense for me to stick with what I know? I actually had a trader live inside our trading room earlier today And I just had to tell him exactly this because he was looking at AMC You could see all my wacky lines on on the chart for AMC. I did prep this also But look at this trade. Hey, it's just very choppy not a whole lot really happening just yet But for as much as this stock popped yesterday, you know, this student thought hey This could be a good stock to trade this morning and it definitely could have been But they ended up mentioning. Hey, I ended up losing on this stock five times yesterday So right away. I said back, you know, hey, if you've lost more than you won on just one given stock Why would it make any sense? For you to gamble again on a stock that you just don't perform as well on There's so many other fish out there in the sea to try and catch so, you know This AMC trade just drop the ego a bit and I say that in a good way We all have ego as sweet as nice as we all are but it's to say hey move on to another trade There's no problem in doing so So getting back to the list here you have the Nikola stock and Jeevo and AT&T This morning myself the first stock I ended up jumping into myself was AT&T Well the first real catch I caught I ended up trading MIT Agen also right out the gate. I'll get to that in just a bit, but the better move was on the AT&T trade So I ended up taking my lines off this stock because I wanted to do the prep work in front of you folks So let's say if you're looking at this AT&T trade, right? From pre-market going into the market open now, of course this stock has been dropping from yesterday It's been dropping in pre-market early But after 830 this stock was beginning to make a bit of a bounce back up So, you know at least in terms of the direction of the stock I'm not necessarily looking for continuation right out the gate I'm not going to jump in this as a short right away as much I need to find where the smart money is. I need to look for where the big iceberg orders are on level three I would need to look on time and sales to see if there's any big dark pool Transactions or at least any iceberg orders that were previously filled So first and foremost for all of our students live inside the cyber group room at least I want you folks to answer this only for Chuck and Phil and Tim and Randy and Bonnie and everybody else, of course Where are we most likely? To find the big iceberg orders on level three every stock is different, right? So every stock is going to pose different levels, you know Maybe an iceberg order here or there compared to another stock, but I had mentioned this last week It was a silly reference, but I thought it stood out You know if you're ever lost in the woods you look up at the north star to try and find your way home You know that's been the old adage at least If you ever get lost on that order book level three our north star so to say It's 50 cent levels and whole numbers exactly like Tim and Scott and Phil are all answering and Daniel on YouTube also answering Whole hold dollar levels and half dollar levels exactly. So right away going into this morning Perhaps I'll put lines on my chart exactly there every, you know, 50 cents nearest to where the stock is trading And you know, you don't need to go too far out from where the stock is trading to do that But let's just say if I put these lines at you know prices like 29 and 2950 and 30 At least by putting these lines here early in pre-market. It helps me visualize Because a much more often than not those iceberg orders are going to be there if not right out the gate They certainly will pop up throughout the course of the morning So at least by having these lines here, it just keeps a you know good spotlight on those price levels It helps me visualize a pen a potentially big support or resistance Now what I'm gonna do next I want you folks to know is I'm gonna bring up what we call level four I'm gonna bring up book map, right? You do not need book map in order to go back on the time and sales program here But it is to say though at least here where you look at this big spike of volume right at 849 eastern time And what the hell is that all about it shows just about 360 plus thousand shares of volume filled on the way down here So it seems like we had a bunch of sell-off around 2950 or so And alongside that a couple of other larger spikes roughly around the same price here Maybe from beforehand earlier in the pre-market hours So you could certainly tape read do it the old-fashioned way at least you know if you were there live in pre-market to go back on the time And sales just to expedite the process here. I will bring up our level for our book map program So you could see and this is based on the big dots the balls as fast to a nickname it right here the dots the Balls on book map you could see a 250,000 share transaction a print on the tape Well, that was filled exactly at twenty nine dollars and forty seven cents Think of it this way. What if you ended up seeing a 250,000 share iceberg order on level three or just on the heat map here one of these orange lines Even at 29 bucks whole number right in pre-market. There was about 45,000 shares on the bid sitting there All right, well, what's bigger 45,000 or 250,000 right you tell me so it's for that exact reason Why I have to respect 2950 and in particular 2947, you know, there is a very big Transaction filled right there in pre-market. So that price level is likely to become a significant support significant resistance as the market opens All right, so, you know, there wasn't a whole lot on the tape really outside of that one bigger Transaction there could have been other volume filled but that dot definitely was the biggest Spike of volume that was filled there So after the market opens up for all of our students live inside the cyber group room You folks should know as the market opens and actually I say this more for any of our students that have access to the phase To curriculum that's something that we'll talk about going into this week at the end of this week rather But as the market opens up, I'm going to show you this next, you know dot or ball This is the opening bell print at the market open You tend to see a slew of volume get filled But right out the gate at the market open you tend to see this very big transaction that pops up on the time in sales So this is an aggregation of orders that were sent from pre-market to fill right as the market opens up It's not like one person out there But it is to say hey if we had 676,000 shares filled exactly at one price That's like seeing a 676,000 share iceberg get filled Okay, well hey look at this right out the gate as the market opens you have a huge order that pops up at 30 again Whole number so it's to say a 241,000 share order on the ask popped up That's huge Well, if that's huge Then how much how much should I respect this price level then at 2990 676,000 share print So what I'm going to do is draw one more line at 2990 just to denote the opening bell print here And I'm going to go from left to right. So as the market opened up We see this drop right away this drops like a rock Let me ask for all of us on YouTube and Facebook live I want you to answer this question here with me for all of us in cyber group here, too Please partake as well Was anybody here this morning looking for the bounce on AT&T today? Was anyone looking at this in pre-market saying well at some point This is going to make a bounce and I'm going to try and capitalize on that was anyone here Distinctly looking for a bounce on AT&T today Mike says he was Lynette says that she wasn't which is fine. I'm just asking to begin So, you know, there's so many other stocks that you could have looked at right out the gate this morning You know Michael looks like he was following AT&T with us. I was Alex said he was right out the gate So here's the thing My best entries to buy a stock are Directly after the stock breaks through a big level on the way up think about that sentence and take it literally My best entries to purchase a stock to buy a stock are directly after the stock breaks through a big level on the way up So in theory, I know this is easy to say in hindsight I did not take this trade so I could say in theory in theory This seems like a really simple bounce spot right here. I mean it held off, you know pre-market lows at 2935 ish or so here But it seems like when this broke through these two lines right here in pre-market Could have made a nice squeeze and nice bounce back up held above it as support before it moved up higher Now that was before the market opens I had asked if anyone was looking for a bounce because well if you were expecting a bounce right out the gate at 930 You would have been screwed Imagine buying this stock right here because you were assuming support to hold Makes for a small little bounce But when this sucker comes back down, you really need to realize fast what's going to happen because if this stock blows right through 2950 2947 that big smart money print that we had in pre-market Then I would only assume that it's going to go going to go one way, right? So I was looking for a bounce this morning, but as soon as it broke right through this these two lines I knew exactly where this stock was going to next. I knew because I did the prep and pre-market I put the line there at 29 on my own platform So it's to say as this stock kept dropping. I was waiting for 29. I was waiting for the next major level of support Now at this point, let me tell you what I did because they didn't come without a loss first It actually seems like it could have worked out perfectly Because on a one-minute chart you could see that it broke below 29 It looks generally like it held above or held under 29 after and Then on this green bar when it breaks through 29 dollars on the way up That's what leads to an entry Right my best entry my best entries to buy a stock are directly after it breaks through a big level on the way up So actually I was watching this so closely when this broke down below 29 on this bar It actually broke back above 29 by a smidge and on this bar. I jumped in initially So I ended up getting stopped out on an 8 cent loss at first Right place wrong time, right? Now I ended up setting up another order because I wasn't Deterred by taking the loss. I mean I knew that I was watching the right level or right, you know spot But I don't control the stock. What if the bears wanted to squeeze this down to 28 first or 2850? So, you know what? I'm gonna take my time at least wait to see what happens here And then when this ended up beginning to move back up towards 29 I kind of leaned into the trade I got in even a little lower than 29. I don't recommend for really many at all to do that So that came with risk, but fortunately it paid off my entry on the second trade. I took here on this green bar It was at 28 97. I would normally wait for it to break back over 29 Intuition told me to take the trade there and you know it paid off But again normally I would just buy on this green bar after when it breaks back through this level but here's the thing on Bookmap on level four, you know, we saw a big resistance at 30 and We know how big this price level is the 684,000 share print, but 29 is pretty big too 29 is pretty big you could just see based on the heat map it shows You know a darker shade of red here, but at a whole number you're likely to find a bigger iceberg there anyway It was roughly about like, you know, 100 actually there's a hell of a lot more than that If you look by the time this order actually gets filled It was like a 200 plus thousand share bid. I don't know if you could see that It's kind of on the bottom right of my book map here the number 221,000 so that order ended up growing to be quite big It's a pretty big level. So here's another line that I live by Right the first line that I gave you was that my best entries to buy a stock are directly after they break through A big level on the way up my second line that I'm gonna give you is that when we see a big volume level Get filled I'm expecting to see a pretty big result Now that sounds pretty simple right sounds pretty straightforward for anyone on YouTube or Facebook live That's kind of unfamiliar with how I instruct you might be sitting there and saying of course dummy Well, think of it this way when this breaks back over 29 I'm not looking for a dinky 5 cent profit guys. I'm not looking for a 10 cent profit here You know if you make it great This is a big volume level when a big volume level gets filled I'm looking to see a pretty big result after All right, let me ask really quickly. I just want to make sure I could everybody in the live trading room see book map Scott says he can't I'm showing it from my end. It seems like Alex sees a Gary Wayne are a little scared just came in actually one of our it folks mentioned that they couldn't All right, so if you can't see book map live inside the room Just do me a favor just log out log back in looks like most of us see it But there may have been a slight little issue Norman can't see it just do me a favor norm Just log out log back in you'll be good All right, all of a sudden YouTube I believe you folks are good to go So hopefully we'll get that cleared in a second for the few of us there, but nonetheless when this breaks back over 29 I'm not looking for 8 cents guys. I'm not looking for you know, 10 cents I'm looking for a move that's worth the opportunity. This was a big level. So I was holding on through here I ended up seeing it I ended up getting out on this trade at 2926 or 2925 here and I'll tell you I think I sold myself short afterwards because well, they ended up dropping down I was content with taking a 30 cent profit after taking an 8 cent loss right make up for the loss and get an extra Few cents out of it. It's good moved on to another stock after still really early in the morning So, you know what? I was following a couple of other trades like I'd said on Nikola and you know The the agent stock that was on our list also well This ended up making a pretty nice move back up didn't it? So I could have held on just that's not really my cup of tea me personally. I'm not a scalper I'm not trying to make you know 10-second trade, but I'm not trying to hold on all throughout the morning You know if there's other stocks that present good opportunities. I want to keep myself open for that So in hindsight I could have held on but I'm pretty content with taking the profit around 2925 here It once it ended up re-breaking through that price that could have seemed to have led to a nice squeeze back up again for a new entry Notice what happened afterwards 2950 became a major resistance again a pretty big iceberg order popped up here So to see this move back up to 2950, which we already had actually set as a really big pre-market level I'll be transparent here I wasn't watching this at the time But I would not have taken this trade off of 2950 right out the gate here right right off the pop I would have been more patient waiting for some false breaks some shakes It looks like in hindsight that wouldn't have been the right move right ended up blowing right over 2950 Well, look what happens Stock ended up essentially holding right under flawlessly under obviously was the high from earlier here But the opening bell print that 680 plus thousand share transaction That ended up becoming a major resistance throughout the mid to late morning here so far And now finally this thing is starting to squeeze back up through this level So we're not going to trade this live folks. We're gonna actually go on to another stock just to review from earlier this morning I just want to mention that right here when it breaks through this level on the way up If you are expecting this stock to make a better run in the next hour or hour and a half from now That quantifies as a really good entry to try and anticipate a pop and to go with momentum When it finally cracks back over the 2990 price if you were to jump in right at 2991 or 92 on this bar as it broke through the level going up That would have quantified as a great entry does that mean that this is going to run now No, this might have some shakes first. It still has to blow over 30 So this might be shaking around a small bit But all I'm saying is this would quantify as a very good entry You know you set your stop right below the level You don't want to risk too much because if this fails to break over 30 and if this really doesn't make the big squeeze up Again, it's just like I said before when a big volume level gets filled We're gonna see a big result So what's the point of holding on any longer than you need to all right and actually I want to jump to my next stock now Actually, it wasn't the AG EN trade. I'm actually gonna show that quick looks like this is dumping back down This was a stock that we had on our morning watch list here You could see I took the time to prep this chart up. I didn't delete the lines like I did on AT&T here But let me jump to Nikola Nikola could not be any better of an example of showing You know why you don't need to hold on any longer than you should in the sense of you know a pop or expecting a move up higher Now I'll jump to book map for Nikola first actually just to show what the order book looked like again You know for any of our new students joining us here inside the live trading room or for anyone on social media You know one quick tip is just to focus on 50 cent levels and whole numbers that should always be your your north star, right? Stupid reference, but it's true 13 1350 14 and above So after the market opens up today, this ended up beginning to you know take its time But ended up making this huge explosion over $13 and 50 cents you could see that there is a group of orders here that popped up 1340 1345 ish and then at 1350 So this came pretty unexpected where this was kind of coiling underneath its own opening bell print and underneath these orders that were showing on book map But when this begins to blast over 1350 finally we should expect a pretty big move doesn't guarantee that move is going to be up But of course, it's easy to say that this ended up making a very nice run I know the EV stocks today ended up mostly performing really well. So this being one of them ended up making a big squeeze Here's what I want to show you You could see on book map that well the next whole number 14 There's a 65,000 share order that popped up here. I mean that was there right from the market open So if anyone was long on Nicola from the morning, you would have to respect 14 as a resistance And I would look to just get out and take the profit and you know try and reposition yourself, you know for the next trade if there is one Now where's my position matters? You're here. I'm gonna show or I'm gonna tell you what I did on Nicola here today I didn't trade this out the gate. I Ended up catching this off of 14 So I ended up jumping into Nicola here my first trade on this was at 958 Eastern time Well, you could see it ended up teasing the pop over 14 here. This is prior to my first entry But hey, why was this failing to break any higher? There seemed to have been a pretty big order of its own right at 14 0 5 roughly at 14 0 5 There is about 70 plus thousand shares 77,000 shares at 14 0 5 as well So not only was 14 a big level but 14 0 5 was as well Well, I ended up jumping into this trade right here I ended up getting in right here because as this was teasing the next pop off of 14 I was led to believe that hey if this is you know such a big level not even 14 0 5 But 14 if that's such a big level then hey if it breaks back over this price and if the stars align that is if Then this could make its move right here. So, you know what I jumped in at 14 14 0 14 0 2 right here Well, I was right. It broke over 14 0 5 pretty quick. It was moving up things were looking good Now at this point you can see unfortunately For as big and powerful as 14 was and for as big as power and powerful as 14 0 5 actually was here. I Thought this was going to fly I thought this would have led this to easily break 14 10 move on up and that's you know, maybe get out at 14 50 Well one can only wish right so as this unfortunately came back down I ended up wasting the profit on this trade. I got out exactly break even on my first trade at 14 0 2 I got in at 14 0 2 I got out at 14 0 2 pretty disappointing because it ended up You know shaking around 14 after it broke back down Now I ended up going back in on this trade a bit later on I ended up jumping back in on my second trade here This was right before 10 30. So I was moving on to other stocks afterwards. This just wasn't making its big move at the Time I'm flipping I'm flipping through my book map here at the point You know going into mid-morning, you know session here. So you can imagine I'm just flipping through I just land back on Nicola and At this point the stock is beginning to kind of you know hold back around 14 it dropped down And it wasn't breaking any lower at the time Right at least here So I'm looking at Nicola on my trade station chart I'm saying well wait a second if the other Evie stocks are beginning to make its You know move back up again. There was a stock ride that was making a really big pop at the time I thought Nicola could go with it Well, I ended up jumping back in I took another entry on this trade at 1401 right here It was holding over 14 things were looking pretty good But here is the issue This stock was failing to break not just higher, but failing to cleanly break back through this level at 1405 Right right over here. It's just failing to pop higher from there Well, we know 14 is a big level, but this shows 1405 is also a really strong level for today Well, if this fails to you know break through this really big level on the way up Folks stocks not just gonna sit there. So There's only one other way it's gonna go I ended up getting out on this next trade at 1398 I took a three cent loss, which is fine. I don't care about the you know three cent trade, but I don't care about it because look what happens after I didn't have to deal with any of this BS, right? So it just goes to show well, how long do you need to you know, hold on to your trade for I mean, where do you set your stop? every trades Different every trade provides its own levels every trade is different than the next But generally speaking again just fall back to the same two two rules that I provided you before My best entries to buy a stock are directly after the stock breaks through a big level going up But then also when a big volume level gets filled We're going to see a pretty big result after you just can't hope and assume that that direction Is going to be the direction that you want, right? The market doesn't you know revolve around Daniel F on YouTube or Mitch Connor welcome back Mitch on YouTube Mitch I hate to break it to you bud, but the market does not revolve around you Market doesn't revolve around me, right? Market doesn't revolve around Kennedy or Lynette or Norman live inside our trading room You know Fausto uses the 32nd rule when he trades, right? Has anybody here in the live trading room heard about the 32nd rule? Bit of a loaded question because everyone has heard about the 32nd rule live inside the cyber group room, right? So it's simply to say that if a stock is not moving in the direction that you're looking for within 30 seconds or so Probably best to get out so that is exactly the same line of thinking that I bring to you here and 30 seconds folks I mean for all of us live inside cyber group. I feel that you know this but I'm just gonna say it, right as As much as I just said the market doesn't revolve around Mitch or Daniel F on YouTube or me Well, the market doesn't revolve around Fausto Puglisi or Fausto's 32nd rule You know market makers don't have a stopwatch and like up 30 seconds. All right time to drop the stock You know, it's just not the case So you can't rely on 30 seconds as a guaranteed time. It's just simply to say If the stock is not moving in your in your direction soon enough and if you're taking that trade from a really important level And the stock's just gonna begin to move the other way more often than not. So it's just best to get out right From Joyce question from Joyce on or inside the trading room She's asking does book map level four here as we nickname it give you indication of which direction the orders are leaning I'm a bit confused by the phrasing of the latter end of that question Joyce it's to say this level four book map here provides the same type of you know Data as level three they just painted on this map for you So this was an order that was out here at the market open at 14 bucks This was an order on the ask, you know It's a group of sellers at the time and without book map You would just simply see that on Level three on the on the trade station matrix when the market opened up this morning for Nikola as it was beginning to move You would see a bigger order here at the time at 14 So in terms of you know the direction the orders are leaning You read that the same way as you would read level three level three Book map that shows orders that are looking to be filled So in terms of what happens after those orders get filled That's where we need to read time and sales We need to read the tape to see if the foot is you know truly on the gas pedal You know when you put your foot on the gas pedal for a car obviously drives forward I mean so long as you have your Car drive, but it's to say at least when your foot's taken off the gas pedal Well, what happens the car slows down time and sales is our gauge for that that leads us to you know Think if the foot's on the gas pedal for a trade or not You know, that's something that we take a lot of time to talk about in the phase one and two courses here at Cybertrading University We most recently went over that just last month in April set of classes All right question from Nicholas on the inside the trading room. He's asking when exiting this trade Did you look at the time and think that is getting close to 11 a.m. Eastern time 100% Nicholas That's that's something I didn't verbally bring up just before right, but I really appreciate you asking that and that is you know Very factual I was looking at this begin to kind of make this you know rounded top I looked at the time and oh man. This isn't too good now There are stocks that hold strong throughout the morning and trend up throughout the day, right? So it's definitely possible. Just look at ride. This is the one. I was mentioning before this was flying on up as Nicola was you know choppy here at this point So I was hopeful that this would go up with the other EV stocks workhorse another EV today that made a big move Lee ally going into 1030 at least that ran nicely So, you know, this one ended up topping off right around the same time as Lee, but it's not Get it's not guaranteed that 1030 is reversal time for every stock So I thought this had some momentum left to try and you know see this squeeze up higher Simply didn't happen, you know It was worth the trade as long as you take a very conservative loss after and you just move on to another stock or perhaps reposition yourself to enter again later on, you know to see 14 and 1405 two major price levels from today It ended up falling down from that from those prices Easy to say it bounced from around 1360 is it possible to get a bounce from 1360 and jump in, you know anything's possible But you know, I would have to see if there's an iceberg order there anything for me to feel confident to enter exactly there Otherwise when this begins to spike back up, I still have to treat not just 14 as a major level But 1405 so even here going into the mid-morning if you thought because of this, you know squeeze back up that Nicolo would end up beginning to break higher Well before dropped you you weren't really too wrong with Anticipating a potential move up higher almost looks like a mini inverse head and shoulders beginning to build But you could see otherwise if it's failing to break out over this very important level 1405 It's not just gonna like Stop at 14 and stay in this range all day. So is it worth holding on to that trade? No Now I bring that up because you know for anyone that's new to cyber training University any students live inside the trading room at least You know, I know a lot of us come from a swing trading background or investing Backgrounds where you're setting stops but not nearly as you know close to where you enter from not as conservative of a stop But in terms of day trading, it's a different ballgame, you know, you're dealing with much faster movers and With that if you're at the right place just at the wrong time That could lead to quite a big move. Just you know going against you All right, a GEN is a great example of that I know one of our traders was looking for a short on this stock from earlier today the stock AG EN I have a whole bunch of lines up here So, you know, I'll explain this in a second But it's to say though that this AG EN stock was also another good stock from this morning in pre-market You know, it opened up around 845 Eastern time. Good news came out on it I'll get the quick blurb on the AG EN stock But no, we're not going to trade this stock because of the news We're going to trade this stock because of the direction that it's moving in potentially We're gonna trade this stock because of the big iceberg orders that we may see on level 3 or the big Transactions that have already been filled and that's on the time in sales But anyway AG EN shares trading higher after the company Along with Bristol Myers announced an exclusive global license agreement looks like AG EN will receive a $200 million upfront payment and up to 1.36 billion How about that in milestone payments? So sounds like pretty good news for the company, right? Well ended up beginning to drop off leading into the market open, right? Like if you're looking at this stock and the direction that it's moving in leading into the market open It was beginning to move up here, you know going into 9 o'clock But it started to flatten out it ended up holding a really strong resistance here at $4 and 40 cents And at this point going into the market open it was starting to drop it broke down from that price It was beginning to you know make a lower high you can call it here and pull back So, you know the stock was up, you know from the prior days closed It was up off of news, you know good news came out But folks that does not mean that this stock is going to just make the the perfect Pretty run that you would want to take part of and if anything the stock is shortable I don't know if you folks realize that but on trade station here It doesn't say the initials HB next to the ticker This stock is actually shortable going into this morning for those of us that have trade station Nikola just for reference notice it says HB next to it So it means it's hard to borrow you can't short it or it's very difficult to get shares So, you know, I'm just saying this maybe could have been a good short opportunity if this was failing to break higher Just couldn't short it a gen though was a potential short opportunity And I actually bring that up because well, you know, hey if this stock is dropping going into the market open And let's say if if we happen to see a lot of selling Going into the market open Then I'm gonna be more led to believe that this stock is going to continue to drop off shortly after the open Doesn't mean I'm going to just instantly jump in short But if I happen to see this stock and this is contrary to my rule for a long But my best my best entries to short a stock are directly after the stock breaks through a big level on The way down, right? That's the complete opposite rule that I brought up for a long trade to buy a stock So here's what I'll say what happens after the market opens up and And you know the keywords here are if but what happens after the open if this stock makes a small little squeeze up But what happens if it breaks below a big support level? Well, if this stock breaks through a big level on the way down Then that could quantify a good short opportunity Now I'll bring up level for book map here, and I want to show you what I did on this stock I had alluded to this just before I actually started by going over my position On the AT&T stock, but I told you before even that I actually traded agen here before that and You know, I'll explain what I did here. So When the market opened this alongside AT&T were really like one of the two stocks I was more honed in on so I'm not like flopping around all over the place looking at all these stocks I'm not you know just scanning through the percent gainers listed 930. I'm locked in on these two. That's it So between agen here You could see well actually here. I'll bring up book map to show this more when the market opened this morning Much like I showed on AT&T the opening bell print on agen was a 420,000 or I'm sorry. It was a it was a 218,000 share print priced at four dollars and twenty cents. It's my trader's dyslexia kicking in there So with such a big print either way 218k Like you could see it four dollars and fifty cents here after the market opened folks There was a 47,000 share iceberg there. That's huge Well, if that's big Then exactly how big and powerful and important should I factor in this? 218,000 share transaction to be hmm So I normally don't do this Really? I mean I Instruct this in class to not trade the first three to five minutes after the market opens Because you're going to see some more wild swings if you're less uncertain about market direction You shouldn't be trading the first three to five minutes here however, if you're more experienced if you're a student that's been with CTU for a number of years and has a good groove and knows Exactly what they're doing and knows exactly what they're watching in terms of the opening print or big icebergs Then as long as you manage to trade well, it could be to your advantage So I ended up jumping it on this trade as a short right out the gate I waited for this to pop over this line this four dollar and 20 cent price and Only when it came back down through this level did I pull the trigger? to short So when this ended up breaking back below this opening bell print line I got in at four dollars and 18 cents right here Big drop So I ended up Thinking that there is a chance that this would end up giving me way more I mean if you actually look in pre-market looking at the book map the shade of orange here at 382 that is you know looks like some sort of order on the bid that was there That could have been a bit of a support So as this drops down, I see this break below for I thought there was a chance of this beginning To break down much more. I thought this would be for a really good short opportunity for you know 40 maybe even 50 cents That'd be a hell of a catch for a $4 stock. No Well, this ended up beginning to squeeze back up. I gave it an extra shot here. So, you know, I was hanging on It re breaks below for when this re breaks below for I'm thinking that I'm going to get my drop I'm thinking that this is going to be a really good drop down to at least 382 You know, perhaps a lot lower 350 next major support on the bid 50 cent level, right? I know one of us inside the trading room is just asking, you know, what do you mean by 50 cent levels and whole numbers? Start from the number one One one fifty two two fifty and so on and so forth. So 350 big level I thought I thought there is a chance that with this Rebreaking through this big level four bucks that we could see this drop more. So I hold on Now watch what happens. I want to show you what happens here Look at the I want you to focus your eyes right here. Keep your eyes Focused right here where my cursor is. I'm going to drag book map more to the right. Keep your eyes focused right here. So What happens folks, what happens on this trade a big buyer popped up, right? This guy's screwing up my whole plans. I wanted this to drop off a hell of a lot more But and I'll you know make it even prettier there seems to be as much as like an 85,000 share iceberg that popped up at three dollars and 85 cents So as this ended up popping up, I just said screw it. I got out of my short right at four So I got 18 cents. I was content, you know, just to take the trade to begin with it was a very clean trade And I say this all the time as well Every trade begins with the entry with just getting in So you want to position yourself to take trades with the momentum and to take them with a really big volume-based level So, you know what the fact that I retained a big enough profit that was all started off by my entry getting in a Immediately after broke down below this price. You know what? I got a decent amount out of it I was content with getting out right here at four. I could have held on a bit longer. It looks like it chopped down a little bit more. I Thought it was gonna sucker me back in and like crash even further Well, thankfully I didn't leave too much on the table because after Well, this ended up beginning to make it to sent back above four So for anyone on the flip side because I'll be honest most of us here We're not as jumpy to try and short this stock. I mean it was up off of good news and it was cheap So why not try and you know look for a pop a bounce a run-up on this stock? I mean, you know, hey again, like I'd said it came out with good news like a 200 million dollar licensing agreement 1.6 billion. I think across a number of years There's a reason the stock made a pop to begin folks So I'm sure that most of us were looking for a move back up on this stock or a pop or a run So I I got the short. I wish I said I wish I could say I jumped back in on this trade long I after that one trade I ended up staying away from this stock after but it ended up beginning to make its move and Easy enough to say but when this ends up breaking back through this level That's your buy that's your buy entry right here and if not here It's easy to say in hindsight But as this breaks back below four if this fails to you know break down below four and run down lower Well right here seemingly is a false breakdown And if it makes a false breakdown then it's worth the opportunity to look for a bounce and a buy So easy to say again, but when this breaks below but right back through this level As it's going back up Right away after this would be your entry to try and jump back in on right here and since Let's win nice pretty move All right now as far as what this stock will do later on today I'm definitely still interested in it because Well a couple things number one like I said before the stock is still shortable So if this fails to make its big grand virtuoso move up Well, it looks like there was already a good short opportunity here when it broke back below Four dollars and twenty cents the opening bell print price from this morning That was the opening bell, you know print price from the open year today. So this could have been a good short opportunity You know, maybe if it kind of breaks down below four later on that could lead to another run down to perhaps even 350 we'll see But you know the fact that this stock is shortable to begin at least it peaks my interest because if this Was hard to borrow and it dumped off then obviously I'm just watching the the grass grow and you know not watching anything that That I could capitalize on so if it was hard to borrow and it was just doing this I would just move on but if this isn't breaking out higher then at least we could try and trade it on the way down All right the other reason I like this stock really quick and I'll get to this later on in the afternoon as I do the Afternoon meeting for all of us live inside cyber group, but the stock is not low float The stock is a very high float stock 192 million shares. That doesn't mean it trades 192 million shares day-to-day folks This stock prior to today as average may be 3.4 million shares on average, but you know, that's still pretty good It's just to say that let's say again The key word is always if because we're not psychics out there We're not guaranteeing any sort of movement. No one can if anyone says they can they're they're full of it so it's just to say that What happens if? Smart money is still bullish on this stock and what happens later on if this stock begins to break back over 420 and we see a lot more green coming in on the time in sales and bigger green volume bars here Well, if that happens then I'd be led to believe that this could make a you know another run So I would keep an eye out for that and should that happen based on the high float It leads me. I think that there is a chance that the stock could continue to be tradable across the day All right Lynette with a quick with a quick question here inside cyber group the opening bell print Is the close open or low of the price? Well, it's in the it's in the name Lynette open opening opening bell Right there. I was mentioning just before at 9 30. We see this at the market open the opening bell print Right now we also see what's called the closing bell print. That's what I nickname it So you tend to see at the market open a very big, you know Transaction on the tape book map, you know shows a big dot Same to be said at the market close so we talk about that heavily within the phase two curriculum Lynette We talked about that just last month actually if you go back into phase two from April Lessons one and two so two hour Breakdown I did on it. All right. Let me see any other questions. I missed here Let me just double-check on the live trading room side. I have a couple of things through email I want to jump to before we finish up and then for anyone on YouTube on Facebook live I see a bunch of us joining us here today, which I must say I appreciate you folks joining us here today We typically do this simulcast maybe two or three times across the whole calendar year supposed to do it last week I know how I feel that you folks know that at this point But I was happy to get it done here for you folks today If you have any questions certainly type it in the chat board on YouTube or Facebook live I want to jump back to What was the one? Not Nikola 18c, right? You're saying with 18c. Yeah, this failed to break out over 30. It's just getting choppy You know, it's not surprising But it's just to say that move wasn't there for the taking yet Like we were saying if you bought right above the opening bell print price at 2990 If you set a very conservative stop to take you out at scratch or a minus one it worth it For right now it's still shaking around here So maybe later on today when there's more momentum in the market We'll see this make the better run But for right now it doesn't seem like it's ready to do exactly that just going through my inbox folks really quickly That was probably great radio there silence just for a few seconds I just want to go through my inbox just to make sure that we have any questions Or if I skipped over any questions at least before we finish up. Ah, here we go Okay, so I had a question sent in. Okay, this is actually not from a student This is from one of us on YouTube live. So I appreciate you sending this in. This is from Roger Roger, I don't know where you're located, but great to have you join us here for this week's edition of Traders Talk Roger More or less. He's just asking on a trade and we kind of covered this already But I have no problem doing this on just any other stock, you know This is something that we need to talk about on a day-to-day basis And we need to focus on really trade by trade, but it's more or less just asking again Like what do you do for your risk management? Do you always set stops on your positions? You know how long do you hold on for a trade for so I'm not gonna go too deep into that because we did cover a good portion of that Just alone on AT&T and a couple of other trades. How about this? I got a stock right now and I was trying to go through a stock on my book map to like use as a good example How about this? I'm gonna show you this because I mentioned before, you know I'm flipping through my book map my level four and there are times where I'll stumble upon a stock a Lot of these right now aren't doing anything. All right. That's fine Here's our AT&T Here's AMC. It's like a dead duck. Look at that ULBI This thing just made it like a 40 cent pop out of nowhere So let me turn to this trade right now And at least for the meantime, this does not indicate that this is going to break new highs by the afternoon It seems like it's making a nice pop thus far But here's what I'll do. I know that there is resistance on this trade at 11 a whole number price level There's a very good chance that it could shake right around this $11 resistance and then maybe make a pop later on See so I'll bring a book map here really quickly one more time before we finish up traders talk for all this live inside cyber Group I'm gonna keep it on this screen You know that we're just gonna go right back to our regular chatting or calling out here going into lunch time Typically not a whole lot happening going into this time of the day But certainly this stock is now on our radar again. So look what happened This just ended up popping right over 11 or up to 11. I think it broke over 11 here by a couple cents Well, there's our first shake. So you want to hesitate you want to wait a bit on this on it You know a volatile pop like this because if it's a if it's a fake pop Then from there you're gonna get stuck holding on to a bag and at least here the question is if What happens if we continue to see more buying more green this break back over 11? If not right now then maybe in the next five ten minutes. Well, if that's the case and should that happen Then I'd expect this stock to begin to move higher, you know, maybe up to 1150 maybe up to 12 Or first Maybe it has to get up to the opening bell print price here This is a 44,000 share transactions. So that's not really that big In the grand scheme of things I mean not as big as what we've seen on other trades But I'll still respect that at $11 and 39 cents right here 1139 let me just draw a line right at 1139 We'll come back to this trade certainly during the afternoon meeting for all of us on YouTube Facebook live If you're not going to be joining us live inside the cyber group room You know coming up then once we catch back together later on today, then we'll come back to this price 1139 So if this breaks back over 11 here coming up Then our next resistance is not necessarily right at 1150. It's at 1139 that opening print Now I'd say it could be both of those prices on my chart above 11 used to that can create a range of resistance as well But it's just for me to say if and that's the keyword the condition for any trade If this breaks back over 11 should we see more buying off the 11? Then I'm anticipating this stock to make a pretty big move from that price and at least at first I'd see this make a move up towards 1139 the opening bell print All right. All right folks. We're gonna finish up traders talk right now. I appreciate you sticking with me here for the hour Really quickly for all of us on YouTube and for all of us on Facebook live I'm actually going to type my contact information here very quickly. Just give me a quick second. Oh, that's pretty cool I can do that nice moment here All right, so for all of us on YouTube for all of us on Facebook live Oh, that did not come out right damn you could always send over a quick email. My name is Josh Leviton again I'm the senior instructor here at Cybertrading University alongside Faust of Puglisi. I host the afternoon meeting I typically do that weekdays at 2 30 p.m. Eastern time If you folks have any questions feel free to join us live inside the cyber room go right down to the link on the banner below to get Started otherwise Forehand if you'd like to send over a quick trading question my way send it right over to my email address Josh at ctu trading com All right folks for all of you there I look forward to I look forward to catching back later on today 2 30 at least for all of us live inside cyber group We're just gonna keep the good times going we'll keep chatting away making callouts taking us into lunch time here See if there's anything else we could try and capitalize on I'll talk to you all later on today Take care