 Right folks welcome on back unit for another fantastic edition of our trader stock workshop here this Tuesday get my date right here April 16th day after tax day How could I forget great to see all of our students and members alike? Let's get the webcam up and running inside our live trading room Leonard Phil got Sam got Larry got Danny Chris That the ladies just a moment ago scrolling above right now had Ravino just before Margaret bill Barbara on top They got Bill you got Alex got Ray got a packed house here including not just our students But a lot of our new trial members joining us just over the last week two weeks worth of events including well 365 So if you're new to our trading room for a stay first week welcome aboard a pretty good day to start if anything because here in Traders talk this gives us as good of a chance as any to break down the X's and O's You know just before we had called out a few different trades right here W is a we could even start off with this is the one that I was more on top of Fousto himself had called out this go have trade really like before 10 30 But it made an even better push afterwards That's what he was just commenting on inside our live trading room Well here in traders talk this gives us as good of a chance as any to really break down not just like oh it moved up Like oh this person made that money like yeah I'll tell you what I did and I'll show you losses that I took today too It wasn't all perfect for me But it's a matter of saying what what were the real X's and O's behind taking a trade and for us here much like You know Phil Ravina Grant Irving Brad I mean just a lot of our members here are a long time not just members but students that are actually part of our classes These is one two and three of our stock trading course now you folks know at least you know We talk about like the three T's tradable trend trap. So the trap part we can probably save I'll talk more about in class even next week, but tradable and trend Does the stock have good liquidity does that have a tight spread does it have Filled in orders out there across each price level or most at least I stock like go If here you can see certainly has that type of volume and earlier Well, it started to make a nice breakout off the highs that's when fast So I believe at first called it out so easy to say that moved up from there, right easy to sell moved up But where were the key levels where were the icebergs, right? And that's where we're gonna have the best chance to go over this year in traders talk So, you know what this is on the screen now. Let's actually just start off with this trade here at least why not, right? So Let me just actually get my time stamp, right? I want to make sure if I can get this correct from Fausto here I know you typed in the chap or just earlier, you know what at 1020 We were first pulling it out rich was making a comment on it But like 1020 1025 that's when Fausto is actually on top that really from there So, you know late from the first breakout here off like the highs Right. All right. Well, where were the icebergs after that point? You know, how could you have entered a trade like this if anything? So How about this? Let me just ask our students here all of us inside our live trading room right now Where do you see an iceberg order out here on this trade looking at this heat map live on my screen? I have some folks that I try and look on their own platforms to answer this quick Look on my screen folks. Just look at the orange line stretching across the page I know what seems to be the largest order like from this view from this look What price level sticks out to you there, you know the most on the heat map on the COB column Sam Danny Brad first actually the punch Irving at 265 we're at 265 right there You can see about 59 plus thousand shares. So all of us are in answering other like prices here You know, just look at the COB column, right? This definitely speaks Pun intended. I'm sorry. I just trapped myself in these things this speaks volumes, right? Pun intended there, but you know 59,000 shares at least on the offer at 265 That could be an easy to see resistance here at this point. But But This order over time does get pulled. This is something I wanted to note after the fact obviously you can see here now This goes from like orange red to like whitish blue means that most of that order got pulled went from 59 three 59,300 shares so 9,000 9600 shares Stock didn't break over that price at the time. So that order naturally got pulled. Is it possible it could have been placed higher? Yeah, I mean, well the answer to that is definitely it's definitely possible. But here I don't really see it. I'm not really showing too much visibility out there. Otherwise Now, how about this question now? Let's answer this next question for all of us here in our trading room And I talk more about this in class phase one actually just last month in march as I recall my months of year I can't believe 2024 is already flying as fastest and we're already like midway through april It's nuts. But you know just back in march We were talking about this last month in our stock trading course With with book map with the heat map here and actually not even the heat map part of this program of this window But look on the uh column cvp Look on the column cvp right there the volume spikes to the right side Are there any price levels that stick out to you that could be like a big volume area from that one column cvp Alex phil all saying 260 there we go 260 right here you can tell now what this essentially means is that after this ended up popping and moving up It was running off of relatively speaking lighter volume compared to the type of volume that was coming in off the highs It was top-heavy stock is top-heavy here most the volume on this run is traded right off the top at 260 Right now. Hey, you know what this sticks out at least This is a pretty easy to see level for me looking at this one column now So my thought is on this trade if it could end up breaking over 260 if it keep testing 260 across the morning Unbound to believe it's going to make a more decisive move than what is this like a couple pennies up and a couple pennies down Right, you know, if that's such a big level then we should be seeing a pretty good reaction shortly after so the only issue on this trade and like I feel like i'm Seinfeld when i'm like thinking about issues here It's like, you know thinking about the smallest little issue to break up the girl No, it's to say like the only issue on this trade because like this stock. I love we did really well in this trade like just a couple weeks back Right a few weeks back the back in mid march even almost a month ago pretty much but Uh, you know this trade here. We're heading into reversal time. We're heading into 10 15 10 30 So the question you might ask is like how much more can this keep going? It's not up too much percentage wise. It truly isn't, you know It's only up 16 percent right now live and it's at 288. This is at 260 here earlier Earlier in the morning So this had to have been when this was at like what like 9 percent 10 percent maybe even 8 percent. I don't know so It's not up a lot percentage wise the only thing is just like we're heading into reversal out So, you know, you better hope that it once it breaks 260 it can make a sharper reaction You know, certainly you get like 20 25 cents on the trade on the way up Um now at this point, let's see. Are there any new orders out there afterwards? I mean, they're not as big but you could see it 285 288 your next group of you know, 1415 k orders out there and those had been out there since the market had opened up So that's a good, you know site there So, hey, if you can jump in over 260 after Fausto or right, you know at this point here, I think this is even That's the truth. I think this might be prior to Fausto's call out 10 25 This is pretty much when rich made his comments his chat in the room All right. Well after that 285 And what was the other one we had 285 and 290 was it? 288 so the combination of those two prices now should act as resistance And if the stock ends up breaking above that as resistance, then the hope is to see resistance get flipped into support So easy to say it just breaks right above it. It flips this into support just immediately but Over time This might look to make another run leader on today because at least here now We're seeing the show signs of life off 285 288 gear It did try and go under and over and now there's a second chance for if this wants to make another run again It's like probably got to Do it pretty soon here. Otherwise, I'll probably see this begin to pull back and go down towards the 260 level But now there was a chance to get in at least once it broke over 285 288 gear I wouldn't have expected this to make such a clean breakout You can see just pretty effortlessly it just blew right over those two waters if anything They're still out there at the time. You see the volume increase actually here on these two candles So the only hope that you would want to see happen, which it does play at play out It's easy to say but you would want to see resistance become support, right? So shortly after it does it kind of dips into the first line holds above the second And then just runs much higher afterwards, right now at that point It's a shorter lived run time wise because you're you're already at 10 30 shortly afterwards So, you know, of course, it can keep going up across the day today Again, it's only up 15 or so 16 or so percent You can see resistance get flipped here into support over time. It's possible but um You know, eventually all these stocks are going to begin to pull back and they typically do around 10 15 10 30 So normally for students like brad sam ravina charles or one of our trauma members you're actually but We got a few charles that are students of ours But you know, nevertheless, like when a stock is running after 10 30 You know that you're running on thin time because How often do these stocks just keep going up and up and up and up without a pullback? Maybe it might keep going up again later on But this is like a perfect trend up if anything up towards 3 let alone 3 25 3 30 were topped off that So, you know, let me know if you have any questions on go at that was a more straightforward call out Just because that was still was calling it out off the highs You're trying to see if it can go over that 285 288 area But myself here. Oh boy. This thing is flying still for me. So Wisa with stio. We saw whatever we want to call it now. It is just this stock This is where you also have to be careful because you know eventually much like The last one to go at trade eventually big trees fall hard and eventually this will at least hit a top and You know pull back right now. So really briefly I want to go into this trade in full from pre-market into You know the open here where we ended up calling it out and trading it from there But speaking of it live here for the time being Looks like there might be a little ladder effect kick kicking in on the bid Looks like they pulled their order one more time. So I want to see if this can make a pop again and get halted Let's get a pop and a halt a pop and a halt and give me time to explain the mover. That would be pretty cool So, let me ask is anyone or was anyone in on this uh, wisthia trader earlier here Wisa at least any of our students. Um, Keith mark brad Alex you got chris, uh, wendy Cool very nicely And if you didn't there are other trades or other trades i'm asking to ask, you know There's there's no right or wrong as far as like, you know, shame on you for not trading it You know, there's plenty of other stocks out there that we were calling out to again go up, right? I did not trade go f right. I was on this So there's only so much we could focus on as human beings So I was just asking but yeah goes to show a few of us were on top of this top of this trade early I might pull the plug here pretty soon just to take whatever meaning profit out because this has been a good one from 292 I think I'm in from Want to see if this can show one more order on the bid get Get an order on the bid a ladder and then for the breakout over four, but I might be asking for too much here Reason I might be asking for too much is because the stocks are short squeeze So it's a huge gamble You don't know when it's going to pull back and top off in terms of like time and what I mean by that If I could try and explain this move briefly if I may Uh, this stock was not necessarily a seven hundred dollar stock back last year The stock was not a 1.4 million dollar stock back in 2019 folks 2018, right? Um, if they were I think that we all would have known the name of the company like Berkshire Hathaway, right? So that's where at least, you know, this stock has been split over and over probably a few times at least The most recent one I think rich posted in our chat board was a one for 150 reverse stock split so there's probably been a few occasions over the years Whatever a crap company this thing this is it just died off over time. I'm surprised they haven't gone bankrupt entirely or completely delisted um, nevertheless when I see this Which I don't see too often. I don't really see a stock that was like Valued at 1.4 million at least back like what however many years ago I know that's not the real valuation back then but in terms of like how much the stock has fallen off percentage It really goes to show that for the shorts that are in this trade right now They're going to need to cover eventually, right? So whatever good news came out on the stock early this morning You know, I'm sure traders look to buy it just day traders naturally But you got to think that for a stock that got beat up that much, you know People got to cover their shorts, right? I'm trying to get the news out on this trade here really briefly for the wisa I'll probably just jump to benzinga pro um A quick sec here You got to remain focused on that position here, but he said Look map on my other monitor there actually had a question come in from one of our trial members here today chris Ask about monitors and overall number of trades that we take throughout the the day So we'll get to that actually in just a bit. But on my other monitor here. I book map I'll keep watching this trade. It's popping up to four right now But what's the news out on wisa here at a trading vault from yesterday Trading higher f the company announced a five-year visa e-licensing agreement with an hd tv ptv brand very generic headline And I don't even know what this is w isa like All right, so I guess there's some sort of news that came out and you figure it sounds like kind of like good news So led to a pop in pre-market. That does not guarantee this run that guarantees nothing, right? In fact, actually, how about this? Prior to the market opening up for all of our students here in our chat board You see my one minute chart there basically from 7 30 8 o'clock going into the market open 9 30. What's the trend? What's the trend of this trade leading into the market open? We got Wendy says down danie says flat chris larry say down, you know flat wouldn't be totally wrong because it is like Flattening out going into the open, but it's more lower highs and the stocks dropping off there a bit, right? You can say it popped up at first there, but then it's pulling back and it's turning down Let's just try and break out over four bucks. You're coming up one sec We're back to my analysis here in just a little bit Give me a split moment because I may just look to pull the plug and just get out of this trade Just for the hell of it because it's a pretty freaking sweet trade Just you can't go broke taking a profit, right? You're at a whole number level here, too You got two different iceberg orders right now. I just sold I got out Got out at 402 That's fun. If it keeps popping up without me, that's a okay because this was a lot of me to off the bone either way for me So I'm pretty happy But I'm not trying to teach and trade at the same time. That's what we have class for right We have the phase three stock course at least for that our advanced trading class headed by Fausto It might seem mean there every now and then so, you know That's where we'll try and really hold on to trade better or even try and you know Squeeze out as much as we can but this is a pretty good trade to begin with already from 292 so Get back to this trade now since matter give my full attention here towards this morning run This stock was trending down going into the open, right? It was up off whatever news It was up percentage wise, but stocks training down I mean market even opened up here at 9 30 drop. You could just see that drop off right there at 9 30 So we're typically following the trend of the stock leading into the market open So this trade I didn't have any levels set forward first There was no real interest that I had on the straight initially, but it ended up making its initial pop here at the time So my first couple of moves I'll just mention out loud here because I want to focus on this MRS was a win. That was a plus. I was in that trade from 150 I missed out on 130 it popped right out the gate. You know, that was a small win I took a small loss on the stock prso. I was in from two dollars. I was out at 192 on that Overall, I think I was like net positive, but not much and then I came to visa. So Visa this was like shortly after like 940 ish. I think here. Let me even double check my other What do I got here? Yeah, 940 941 was my entry on this trade. I jumped in right off of 281 Sorry 940 was my entry 941 was happening exit so right here popped up right up to 281 And on this trade I wanted to take this because it was breaking over the VWAP price It was also breaking above, you know, at least a chart level here It seemed like you could say right off of like 275 ish 275 ish maybe you could say that 280 so I jumped in at 282 or 281 I didn't think I was like chasing it in terms of price. I didn't think I was chasing it in terms of the pop So I definitely needed to see support get flipped into thankfully for this It just kept popping up nice. So I was ready to see this pull back and see 275 get flipped into support Easy to say that just didn't happen and kept popping up. But I ended up taking half my trade out there 297 right here And then the second half was what was it at like three something like 320 non or something popped up Now with that though, hey, where did we go from here? What's the next trade on the stock afterwards and why did I get in and out where I did right? Well, I explained the entry off of 280 280 was the VWAP breakout over a little chart level at 275 Let me ask us here new question At what price and what size if it's easier to read if it's not as easy to read I get it But what price at least do we have our big iceberg order out there when you look at this heat map? You see this heat map for sam and larry kevin susie and and lee and dan, you know all this here Let me know You got you got 315 all the saying right 315. It's kind of hard to see the the number there. You got the bright green spike Sorry, it's 118 000 shares. It's 118 000 shares. It was even more than that earlier It was getting nipped at poke that poke that And I thought that there was a case of this to try and hold again So I did take a small loss here as I jumped in from 216 or 316 And I thought wow, there's no way this is going to do it again, right? Well, I was up earlier on the morning So I ended up risking it here. It's not my You know most confident entry because it already tested it once or like a couple Instances here at this point. So the more times it tests it This does happen So I did take a small loss because I ran the risk of all right. Maybe it could try one more time Maybe so I set a tight stop right under I think it was even 310 Just a risk like five or six cents on this and it pulled back Is what it is and just pulled back took me out But at this point though In my head in my head, this is where normally I'd say, okay, let's just move on to a different stock Well, GOEV was moving at the time. That was a pretty good trade perhaps at first PRSO This one died off pretty quickly. I told you it took a little money on that I know FAOSO was calling out Tesla earlier here You know, I didn't have my options order book open on me for that one But really Wistia was the still pushing up You know, Wistia is really a nice trade because of this type of short squeeze potential You know, you can go back and all these crap stocks like Pali and Yesterday, what do we have yesterday pay AVL? Okay stock went from 800 bucks down to however much this is like four or five bucks over time Eventually short's got to cover right Um, but if I get excited about that type of drop off and thinking about you know, short covering Then what do you think I'm going to feel when I see like even though it's not a real valuation mind you It wasn't 1.4 million dollars back in 2018 But based off of all of these reverse splits It's getting me to think like Man, I got to stick on this trade. I I gotta just remain focused Um, maybe it won't pop. Maybe it'll just continue to die off And if so, I'm probably going to take a few break evens and a couple small losses in between mixed in You know, that's the downside with trying to be an opportunistic trader and looking for you know At least the seen the light in a lot of trades, you know Oh, like this stock could break out here get the stock make this hundred percent move there Here it did pretty good run Uh, got a lot of meat off the bone And I really don't care too much with that with this pushing up without me here because Again, just if you're able to get in off a decent level and it's popping up making a higher high The new game that we play is for the next game that we play at least a year is it's always the same game actually not a new Um, can resistance flip into support? Can we see resistance flip into the next support level? So what I mean by that is if we go back to that 315 level at least Over here this broke down his support When the stock breaks below support support should initially become Okay, no surprise there And again, and then it broke above it and then ever since it held above it Or it may have had like one or two small shakes, but it didn't stop me out here when it was shaking like this The head must stop a little lower, but it ended up making that break higher. I was looking for that higher high So that's the name of the game that you play can resistance flip into support Even try to pull back again as I started traders talk So I I guess you could say I lucked out because maybe if this didn't continue here It would have shook back down stopped me out You know, it would have made less on the trade wouldn't have been able to take part in this run But you know just goes to show that as long as you know a where is there a big level? It's not just on the chart. It's on level three. It's on level four Don't mind my mangled fingers here, too As I do the string got a got a couple injured fingers here as we go through But otherwise, you know, it's a matter of saying is there a big level out on the street and 315 is not the only big level You know, I was focused around the VWAT for my second entry, which was off of 290 Uh, it was off of I took a small loss here No, that was a break even even at that point. It was in a couple times 291 entry 292 exit I was wasted profit In again at 292 I endured a shake and then it popped up afterwards and that was the trade from that point So this has been a view. This has been a really nice trade heading into the late morning Again, you know, I'm not going to try and jump back in over the next 30 minutes We got emails to answer. We got trades to review more on top But if you want to at least kind of focus in on this trade for a moment and say All right, well, where could we plot levels for next at least, you know as we continue on other stocks and other emails and questions Well, how about this? Let me ask all of us here, Margaret, Charles, Lee, all of our students here in chat Where are we more likely to find the iceberg levels without even looking at this? Answers not on this page necessarily But where are we more likely to find icebergs for a cheap stock, you know, a $3, $5, $10 stock What common set of price levels are we more often to find, you know, iceberg levels at Bingo all this in unison Like a choir right here 50 cent levels and whole numbers, right? Okay, well, you got 450 coming up. I'm sure that could be a point of interest could be there is You know about 10 actually that just grew to be 10,000 shares right now You got about 13,000 shares at 460, which was the high of the day level just before here High of the day price So you could say 450 to 460 the combined prices there to act as resistance Let me ask though. Is there Is there a price that sticks out on maybe some of the other parts of this heat map or program here like Is there like another level that sticks out across this whole page, you know from left to right up to down perhaps a lot of volume being traded off of the Last 30 or so minutes here after it made this pop and run a lot of volume being traded What do we got? Ravina saying four or well, you know, there's a whole number, right? You could say that just too, but Phil saying 430 Henry saying 430 as well Yeah, look at that cvp column, right So not just the cvp, but my delta shows certainly a stark difference between the buying and selling here So what I mean by that is there's just a lot more volume filled at the ask at 430 There's a lot of volume filled at the ask So what that means is perhaps traders that were long or dumping their shares off on the offer And this is having a tough time making the break above it make trying to pop above that level and continue like even before here It tried to move back up it popped above 430 again right here This was at 1128 about three minutes, you know three minutes ago here It broke above this price at this point. Well, it can try and run. There's a case for a higher high, right? Well, this is the thing if we're not going to see this stock explode off of what I would call this to be a lot of buying Then it's to say well, perhaps the foot's being taken off the the gas pedal here on this run And if the foot's taken off the gas pedal this stock's not just going to stall out in forever Or stall out and just kind of stop forever. It's not a car, right? It's going to go in reverse for you. It's going to pull back for you It's going to put its foot back on the gas pedal and you're going to be flying the other way So Why is that the case? Well, we did talk about that just last month in the um in the phase two stock course You know, we talked more about how buying can become selling how selling can become buying over time Treat the the green and red at phase value though green you think of initially is buying initially But the more it fails to make that expected move up Then that's where your mindset flips around and here we go. There's the pull back so You know, I feel like this could be the end of the run here even at 430 You know, it's going to have a really tough time continuing if it can't flip 430 into support, right? Lost my hot keys. I forgot. I gotta reset reset my path and I lost my hot keys on this And draw my lines in the old fashioned way. All right. So, you know, hey that that that's the wisa run That right there for the most part. Let me know if you have any questions on that I have a question that came in from chat just earlier from whatever new new trial members Just a moment ago and I want to read it here first. Then I'll go through emails This came in from chris. He was asking just pretty quickly How many monitors do I need if I want to continue with you guys and how many trades do you typically take per day? So I'll answer the first. How many monitors? Let me ask everyone this question first for all of our students answer this as well But I even want to hear more so from our new trial members joining us here charles and I know chris is here and there's maybe a couple others just joining us live today How many monitors do you have right now? Right now like how many are you trading off of right now? Uh, you got ray here. That's a new trial member. You got john mark. You got andrew octavia You got a few of us here today conny And of course our students as well, right our students of course like sam alex and wean Wean feel like you're making a rare traders talk appearance my friend normally in the pre-market. It's great to have you here It's great to have wean with us here to say you know all this kind of answering different numbers, right? mani's saying four charles saying four dani's saying four Charles our trial member says he has three computers with five monitors. He is well equipped, right? Leonard says three 32 inch monitors plus a laptop. He's also well equipped. That's pretty nice Uh, hey folks when I say that there's honestly I'm not thinking like the more monitors the better when I say that just you know Hey large monitors that is easy on the eyes, right? So 32 inches. That's a big monitor size. That's good Um sam says a computer plus two monitors. Uh alex says two monitors wean says three john three dani three chris two Henry has a big one. It's one but it's a big one chris m4 larry three ravina three lee three brad two ray two wendy two john four phillips uh two brad that's a little y Yes, we are a good guy. So with that said at least, um, I have two I think these are 27 inches or 28 inches if i'm not mistaken Monitors hp one two next to each other then i'm speaking out of my laptop here actually so Uh, technically I have three monitors in full this I just use for the trading room I just use this for like actually the trading room. I use this for the one-on-one coaching program. I conduct Um emails miscellaneous stuff. Um, and then this year my two monitors I have book map level four. I have benzinga pro. I have my main trading platform here But this is where I'll tell you at least first off If you're wondering how many monitors that you should be having just notice what the average student said or notice What the average answer was right? It was a varying but it was probably around three Right and I have three myself right now. I have a side Monitor I could attach to my laptop if I really want to make that a fourth For anyone out there that already has a lot and you're and you feel comfortable trading off of that That's one thing that that that's separate You know, I'm not speaking to you folks here at this But if you're someone that thinks otherwise that like, you know, the more monitors the better like I need to have eight I need to have 10 like And you only have one right now or two Don't do that. You got to train your eyes to interpret Two screens first going from one need to train your eyes to interpret four screens or three screens from two So don't think like, oh, I got to get out like get out like 10 monitors 10 screens eight screens If you're if you're already on that and you're doing well Kudos, right? I'm not I'm not saying I wouldn't want you to change your habits Then if you're comfortable making money But if you're someone that's not making money and things like oh, I got to get like five six months No, stop I went from six to five to four now month over my years with Thoustow Then with Thoustow for I've been saying this for like a few months now, but it's true October 10 years So going on 10 years now Thoustow. I went from six to five to four now. I'm on break Keep it super simple, right the kiss method. So Now how many trades do I take a day? That's a different story That is a different question because I am here throughout the majority of my day You know, I'll take like maybe an hour break here and there some days I'll dip out and you know, Josh runs the beach here now and floored every now and then uh on a nice afternoon If I can get out at like 233 o'clock, right? But otherwise if I'm here throughout my day like I'm taking like Roughly like anywhere. Well, let's just use a ballpark range because I don't want to give a fixed number because that's not proper I'd probably say 15 to 25. I was gonna say 10 to 20 But let's up it another like 15 to 25 trades a day a lot of break evens in between And I mean that because we talked about this the last week in traders talk Our master's week edition of traders talk made a little money on scotty schaeffler, but otherwise, so Going par on a hole is good. It ain't bad. That's that's for certain, right? You know, you're only competing against yourself So if you've already made your money if you killed it on visa if you made 10 cents on mr And s it took a small loss on prso your net positive And then you go break even for the rest of the day It's not like what I'm trying to do. It's not what I'm striving for as a trader But that's not bad. Like don't be like, uh, it's horrible. Oh So that's where at least throughout my day. Yeah, I will be taking those break evens But otherwise like of course the name of the game is to try and make money And there are certain times where if I'm taking more losses than break evens If I'm like trying to overexert myself on certain trades and I realize that after the fact not Beforehand, obviously you're taking losses. It's like, all right, let's scale back all together But that's me. You're asking what josh's answer should be for that. What josh's answer is, right? That's my answer Um, what the average student should do that that's completely separate because we want you to really just trade around like You know 9 30 to 10 30 in the morning. Maybe 11 o'clock 11 30 some days Um right now. Hey, that's why I got out of visa. That's why I'm not trying to focus on trades right now It's why we're in traders talk our workshop here every Tuesday morning, right? So, you know, as we head into the late morning early afternoon, I'll be on one-on-one coaching calls with students and That's that's a 50 50 part of those sessions I review trades part of those sessions traders want to focus on a on a trade and even if they're not taking it themselves They want to see how I do it So I will take certain trades throughout the day, especially if they're looking good enough But if they're not going to make the move I desire I'm not going to try and like let the whole profit go wasted But I don't need to be perfect right if I'm already profitable in the morning. I don't need to be perfect So I'll take money here and there. I'll go break even here and there Um If you are stepping away until three o'clock in the afternoon and you're only here with us in our room for Two hours across the whole eight hour day that I'm here. You're probably not taking 15 to 25 trades Think about it. Probably taking like four three But that I have traders that that don't trade it all throughout the week because they just have certain Things going on like whether it's work whether it's family health Whether it's like mental too as far as like being afraid to pull the trigger. It happens, right? um, I have traders that On the flip side, um, and I really have to try and work with them on this. It's not easy I'm no therapist and I work through my own issues as a human being much like all of us do But on the flip side and it's a little worse, but I have traders that are like taking 100 trades a day It's like scale back. You gotta take a yank the leash a little bit, right? We can't do that. Um, because it's like, you know, essentially Trading is gambling, right? It is. That's why there's a 90 failure rate Um, doesn't matter what strategy is being promoted pumped out. Whatever there is risk behind it, right? Now the way that I like to phrase it. It is calculated risk I try not to like make it so negative sounding. It's gambling gambling That's the truth behind it. It is but we don't want to turn it into that It's not like go into the blackjack table and keep tossing, you know, 25 dollars a hand down, right? There's like a 42 chance of winning in blackjack. What's your win-loss ratio? You know, is it higher than that? Even still he shouldn't be taking 100 trades a day, right? If it's 80 percent That's a different story, right? If it's 80 percent and you are that active like hey Keep going I guess, right? That's not me and that's not pretty much any of our students that are profitable at least here at C2 But you know, just the more that you trade honestly emotions will get to you. So we don't want to you know, do too much at all Really, uh, really quick. I got to go through some emails But I had a question that just came in right now from Manish one of our neutral members here joining us Saying for new new members here right now like himself What's a good strategy to start with in terms of trades? Learning as well as some tips from members who have been here a while That's a great question and certainly already an answer that came in from a few of us like bill and ravina answering you right now Manish those are a platinum students of c2 both and you know long time members of c2 But also students that have lifetime access to our classes. So bill said educated speculation um Yeah, it kind of in in lieu of what I was saying like um calculated risk educated speculation But ravina answering at least for you saying now, I would suggest to start learning this uh strategy Don't mix strategies that you might have learned in other rooms. Um I can't agree more with that right and I don't want to dismiss anyone's strategy, but it's just to say You know, if you're on a certain Diet plan if you have like um if you're trying to lose weight, right? And let's say we're trying to do it the good way not the ozepic way trying to work out eat right right sleep well drink water You have a nutritionist and you have a exercise coach. Well, they're telling you do certain things, right? Well The best results are seen from following that exact model copy and paste Now you might look online and see from this guru this person that person All things that are really good all things that are very good for you and you could do these workouts and and You'd probably get to a good physique good shape But maybe it's not to the extent of what the program you're going through is right now, right? Um, so that's kind of where I come from with that. I love how ravina phrased that Bill right away just simple right keeping a simple bill with that answer go through the classes He says listen to all the previously recorded classes. I love that You know as well as our main curriculum here. We record this workshop traders talk each and every tuesday We offer a lot of hand holding for new gold students of c2 So when you on board as an actual student you have a few calls with my associate my associate rich It'll help out like the platform the it stuff and then you have like coaching calls like the real coaching with myself And that's where we're here together in the market just privately So it's not even just the classes. It's the coaching involved but That's where aminisha. I could just say like for a trade like visa, right? Leaving money on the table is going to happen What we focus more on than anything else is all right at least during the better time of the day, right? At least from 9 35 to 10 30 How could we find the best opportunity to enter a trade right now? This is not the best opportunity to enter this trade. It's already up 141 percent. We called it out way earlier So, you know, we know that big trees will fall hard Look at what's becoming a resistance right now in pimp But with that in mind at least, you know for earlier in the day for a trade out there What I care a lot about is exactly what you see even here This would just be a good one to show once again Seeing simple patterns of resistance getting flipped into support. So from that point That's where you become more bullish on the thought of continuation There's a lot going on on this screen. There's a lot being mentioned verbally like in the audio in the morning and afternoon By the way, I phrase it. There's like a lot of bright colors fast moving numbers on this screen, right? Makes sense And it's easy to get overwhelmed. So that's where, you know, we do want you to focus on level three and level four That's where that's where I have this 4 30 level live right now speaking of But otherwise it's a matter of just basic charting principles of seeing this resistance Hopefully getting broken through but more importantly. So getting flipped into a support over time here Let's see what happens coming up. It keeps nipping at it nipping at it The more times it tests it in a smaller concentration. It is more bound to make a better push It's trying But still there's not really too much volume out there as far as like a larger iceberg But once this gets broken over you want to see it get flipped into support get a sharp pop a pull back And if it could pull that as support after that's kind of the move you're looking for And that's the move you're essentially looking for during a better time of the day like 9 35, you know, 9 45 10 o'clock So for any of my students here easy for me to say and it's easy for you to listen to here on this call But you know, that's what you have to focus on as well. If you ever get like overwhelmed on a trailer Shit, this thing's lying right now without me. What do I do? Well? Hey, where is the next resistance level? Is that getting tested at any time soon? Uh, what was the previous resistance level? Can that get flipped into support? These are things that all that all focus on in the moment Here we go. Look at that sheet right there. So it didn't necessarily pop it so nicely It like kept nipping it a little bit more. It wasn't like a clean pop and like pull back on the following candle That's not what you want to see right there. So I think that kind of answers your question right there, too Uh, really quick bill. You know bill Ireland here might be wondering a little methylene blue drink right there. How about that? Uh, Joe asking here book map is a great tool, but is it the only one that you recommend for seeing orders? No, no, it's it's Definitely a premiere tool because you're able to see the order book visually Uh, it paints the orders onto a chart for you. Now. Let me ask you Joe. What platform do you have? Well, like trading platform, what broker you are currently on right now? Whatever trial members that trial members asking that question right now Floating something up right now as you ask and Thinkorswim, okay So that right away I'll segue to and say if you're on thinkorswim you could actually get book map You can get that exact heat map directly on the thinkorswim platform for 40 bucks a month It's the by far the best deal that you could ever get and this is where I just and I don't care I'll just be as truthful as I could be see to you guys. No business relationship or partnership with thinkorswim Tom sasnov on the other hand founder right there. He um, you know, we we love him, but he's on a different You know, he's on tasty trade right now We have no like working relationship with thinkorswim, but they have book map They have you know level four as we nickname it at such a discounted cost that it's like a no-brainer for me to Just tell anyone to go out and get if they're on thinkorswim Now let's say if you're not looking to do that then I'd say your best bet would be to go to like nasdaq book viewer And that would be right here Just kind of floating this up in the meantime, but here we go The nasdaq book viewer this is a standalone product, but this will be able to show you the entire ecn book Well the entire nasdaq ecn for any stock you want to load up So this is just 15 bucks per month. It's even cheaper than book map on thinkorswim But you know, this can give you a good sense for knowing where orders are like right now in visa There's about 18 separate orders sticking out here at the price 440 Now 440 I think was the high of the day Oh, maybe it was at first popped it earlier But all right, so 440 could be a little level to work off of here just for the mere fact that There's a lot more sellers at least a lot more sell orders out there At this price. It's not it's not a large size. It's only 2,000 shares The size here is not big That's not an iceberg But when you look at the number of sellers there, all right Well, that kind of stands out compared to all the other prices out there that have orders at them, right? um Not much really sticking out right now. We're heading into the late morning early afternoon So that happens, but you know, otherwise just nasdaq book viewer would be your next best bet otherwise there Joe asking where does wealth charts come into play if at all so C2 does not use wealth charts specifically we partner with them on webinars So we love working with all the educators from wealth charts. I know it's a big conglomerate So, you know, just I wanted to mention that to you there But you know nasdaq book viewer is what we focus on level 3. That's what we nickname it as and that's just what I showed you So, you know, this is my trade station platform. This is my level 3 This is actually my level 3 that's integrated into this trading platform It serves the same purpose as this year But not every platform has this type of tool And thinker swims the only platform that actually has book map Literally integrated into the platform where you could press a button and it turns your charts into it um Schwab as well, but I think that they're still kind of stolen out on that I think they've been kind of delaying that on shop for a little bit, right All right, I got a lot of comments here and actually we got to get through some emails emails normally come first So my apologies if you'd sent in any early. I will make sure I get to you before we finish up But a lot of good chat coming in. So, you know, I was asking our students to help out one of our trial members that was asking just manisha, you know, just uh, you know What advice from students can uh get Leonard says buy dips and don't chase green candles I like that. That's a good way to phrase that too ravina says buy support sell resistance That's it and yeah that adds on top of what I said to like right like resistance to become support over time, right This damn thing is going to keep trying to give a crack at a 430. Maybe that can flip into support over time there So, you know, the more times it can we'll be interested But what else we got bill says pay attention to the chat window, especially Faustos and josh's callouts and rich and rich to bill I know I'm gonna give rich a little look, but uh actually with that how about this little tidbit I show this in class and I'll show this next uh week in phase one But there's actually a little Scroll bar that you could pop up in this main chat. I don't know if you knew this So if you click this little settings gear right here You'll get this drop down and this is for all of us in the chat board trial members students everyone Now if you check this little box here mod only If you check that box That actually weeds out any of like the comments from students and that you know, hey That's just an option for you know, anyone out there because not everyone wants to see every post You might be more interested in Faustos callouts in my callouts enriches the moderators So, you know, that's just something you know, I show in class mainly but that's a nice tool to use there as well Just to add on top of what um bill had mentioned there saying especially with Faustos and josh's callouts And rich and rich too All right, here we go. Here we go now come on Here's a clean break nice little pop. It made a better push above it next candle opened up This would be the opportunity to see this 4 30 ish get flipped into support Probably put another line here just because you know, it's like 4 30 ish 4 34 But let me ask bill allen joining us here today fill up our gold students platinum students and above Of course diamond as well when a stack breaks above resistance We shouldn't or i'm sorry i'm mixing up my catchphrases here. How about that when a stack breaks through a big level What should we be expecting shortly after when a stock breaks through a big level? What should we be expecting shortly after? There we go. I got I got fixated on resistance support there for a second Yes, when a stock breaks through a big level, we should be getting a big move Shortly after so easy to say it's already up like 40 50 cents But this is what you hope for with as much proverbial buying as you had there as much green as you had there The more times it's nipping it you'd figure that there should be some More decisive reaction let this thing either make a lower low and completely fail Which it did not and I was pretty surprised and then it pushed up one more time there But hey if it's going to provide that opportunity then You can try and take it on the next break just need to see it hold the support Easy to say, you know it pretty much did right there Uh, let's see here really quick got a lot of chat a lot of chat here So from peeling asking here in the chat board. So if I use thinkorswim I don't need to get booked to you or from nazdaq that is up to you I have students that like to actually still have it But my answer is I don't think that you would need it personally If you have book map on thinkorswim Alan says I'm paying You know x amount a month for interactive brokers for book map. Is there a better price for canadians? Uh, probably not unfortunately, and I'm not saying that just because of canadian versus not It's just either I know that book map is available directly on their website Which is a great source to go to that's the version that I have but otherwise though Let's think fly now But otherwise thinkorswim would be your best, you know platform to integrate book map into I know that you could trade Your trading account on book map like, you know this platform here You could actually connect your interactive brokers Account you could even connect your trade station account to I don't I don't find a reason to as much and then that's fine. But that's where I just say otherwise I know that thinkorswim literally integrates this On to the platform whereas this for me is a standalone product here But otherwise though, unfortunately, I don't know if there's a better deal there for you Alan Mark saying I'm here on the free trial. I trade on ninja trade. I use their volumetric charts which show the order of book 100 levels deep very nice Is that comparable to book map certainly seems to be I mean 100 levels deep is is pretty good I mean, I think even my Version of my level three trade station the matrix program that's called I think this goes like 30 price levels deep on the bid and ask so that sounds pretty good to me if you're out 100 Wayne says we used to have audible tone and moderator posted in chat like that Yeah, you gotta just figure out one or two things otherwise pretty new trading room software that we still have All right, we caught up on chat I think we caught up all on chat inside our live trading room We got a couple perhaps on youtube daniel be joining us maybe from just before but Otherwise, let me go through emails here now if I may we'll wrap up right So I did answer actually one that was more of a private chat from our trial member there chris Um, you know what so I don't even think this is too much as much of a question There's more of a comment from one of our new members charles. I see you here charles saying You know I've not done as much trading this week did one yesterday I think he had mentioned on the es futures unless if esm is separate But es futures perhaps uh two contracts over over minutes did pretty damn good It seems like he ended up shorting made some good money Also quick shout out to charles our new member joining us. He says it's his birthday or it was yesterday so Birthday money there, but I may have went to the tax man So he had to do some taxes He said plus had had some yard crew over here doing some spring cleanup He'll watch for the links so great to have charles with us here. All right. So, you know what that'll segue me to uh You know the market as a whole that'll segue me to you know the spy and tesla New tesla from yesterday what bowser was focused on and obviously myself. I'm heading into this morning so We were talking about this thought last week go back one week ago and traders talk. I think we were talking about it otherwise Talk a lot. So it was probably just during separate coaching calls the afternoon broadcasts I do in our trading room, but I think a lot of us in our room at least recall This gap I was referencing and for the last like two weeks. I've been saying like It's no guarantee. We might continue here, but In the event where we build lower highs and we don't hold over support I was calling out for a support line at 5 17 50 to be exact, right? Basically Basically there former top here they have flipped into support It was chippy and it didn't bounce it continued to pull back under it and that's where you say All right. Well the possibility of this gap getting filled increases because More gaps on the spy chart get filled than not and the last major set of gaps that we had did not get filled Pretty surprising back from november december time here So That's where I thought that there's a good case to see this happen So i'm going to try and load up on some swing trades throughout this week and next week See if we can continue to pull back a little more We dropped as low today as 50242 This low here on this candle basically where it had gapped up from is 503 so I feel like there could be more room on the way down to come all the way down here a bit or maybe a little bit above it, but Otherwise that's where for stocks like tesla that made for an easy short from yesterday into today So tesla here pardon me From yesterday pony So from 165 just what we were talking about earlier with wisa just flipping it around for a short This right here the more times it cracks this support level over time And more so than not in a smaller concentration You're going to get a better reaction a better continuation So it took what like four or five stabs at it probably take a small loss on one of these here tries to go and it doesn't You know if it's not going to make that big reactionary move down then maybe there is a case to see support hold Right well the more times it does stab it eventually this thing's got to give out So pulled back below this this was yesterday Pretty much noon time around there and smashed below support made for an easy short at that point, right? You see what I see ready for this I was trying to hold my breath Oh, man, it's running up a little bit without me there, but I took a lot of meat off the bone on this trade from earlier I mean even from 281 then 292 Tis what it is folks ain't the first trade. I uh left some money on the table for won't be the last For any of our students here right now. I hope you're in this trade if anyone's in right now Let me know but this is a phenomenal pop right now Continuated move It's exactly what you would hope to see happen off this level And again, there is probably like a false breakout or two here that you could have had where right place wrong time Maybe but otherwise man, what a pop this thing freaking exploded dollar 20 cent gain Um, I think that there could be a gap fill on here on the way up see us try and go all the way up towards like 11 12 books and that's not with confidence but Certainly thinking that now compared to earlier this morning That was not even a thought earlier today So the more this pops up. I'm thinking oh, shit. We gotta just keep seeing resistance get flipped into support like I said previously All right. All right. All right. We're at one right now Alex Alex one of our gold students in this trade right now from 454 Might be a good time to take some profit because look at this 564 this broke his support back in fed march time here Hey, we just talked about this throughout this whole traders talk, right? Resistant I'm sorry support should initially become what? So if it continues to push up over time then you could always try and jump back in but You know, this is like the first real test of this year as a working resistance level so I would be taking the money and flying or running the other way here at this point and if it keeps going so be it We're not here to play lotto, right? It's why I took my money and ran Uh, if I was not teaching this workshop, perhaps would there be a chance for me to take this trade? Yeah, yeah and say probably take a small loss in between too, right? Right place wrong time at first and then it made the better push afterwards But um, Alex my friends. I hope you got out because That was head on right speaking ahead on 12 o'clock right now We are going to finish up on perfect time folks. So with that in mind all of our students I hope that you enjoyed all of our trial members here. I hope that you gained at least a little something here out of this workshop today We do this every Tuesday morning Otherwise though again coming up next week at we are beginning our full education from the very top of our cycle again Our cycle is broken into three months every three months is a new education cycle So we started the calendar year January February March Here we are again back in april. This is literally as good of a time to learn as Ever so for any of our trial members here if you're looking to learn more about our curriculum more about what we do here You know the next steps Just make sure that you talk to your education advisor They're the middle man or middle woman between you and Fausto you and myself as well Of course, I'm here to answer any trading questions like this stuff here But any questions about our courses education details about our programs just you know talk to your education advisor They're here to assist with that But if you have any other questions, let me know josh at ctutrading.com and for all this on social media I hope you enjoyed as well Be a friend tell a friend. I always like to say just hit the follow or subscribe button and spread the good word at Cyber trading you on all of our social media streams and platforms alike Namely youtube though that is where we host all of our main education videos at least there You know otherwise our courses of course you got to join us here for but otherwise We'll be back here later on this afternoon at 2 30 just for our afternoon meeting and uh, we'll go from that point Hopefully a new entry on this trade coming up here for visa talk to y'all