 All right sever trader is good morning and welcome on back here this Thursday August 18th great to see all of us inside the live trading room Great to actually see all of you folks on social media and inside the live trading room here this Thursday August 18th Like I just said great to see Michael Leda Grant Brian who just clocked out on the Chris trade just a moment ago Great to see Norman Jean Henry Renzo Ray Leda Kathleen just now and Nina the ladies at the trading room love to see you folks and great to see everybody all together Folks I'm not gonna say the same old stuff, but we had a lot moving in pre-market. Let's recap that Let's recap a couple of the moves that we ended up catching from yesterday But I wanted to attend to some housekeeping first really early just for all of us inside the live trading room I actually was supposed to do this yesterday So I'm slacking here a little bit, but for any one of us that's attending our C2 Trader Summit That's gonna be in October just in a couple of months from now their early bird raids are gonna be expiring at the end of This month normally we would host it in Long Island, New York Just right near our office have this beautiful hotel that we've always done it at this time We've done this once before we've done this like back in 2015 or 2016 We're gonna be hosting in New York City We're gonna be doing a private tour of the Nasdaq last time I think it was the New York stock exchange that we ended up going to but now we have this beautiful Relationship with Nasdaq gonna be doing a private tour of the Nasdaq exchange So it's gonna be an incredible time if you were even interested in coming just make sure you talked your education advisor The early bird raids are gonna be expiring at the end of this month So, you know if you want to get the good pricing just make sure that you talked your education advisor They'll be able to accommodate you on anything else, but just wanted to make mention of that So with that in mind, let's hop to it folks. We got the Chris trade moving. We had the PSTV trade moving We had the M&M D trade moving and little tongue twister stock there brush early on Yeah, bbig still pushing up folks. This has been a very exciting pre-market morning, especially after 8 a.m You know sometimes like pre-market. You'll see some big moves early 7 o'clock even earlier Hey, there's some of us that are actively trading at 7 o'clock Not most of us so, you know You want to have more activity going into that 8 o'clock session going into the 9 o'clock morning meeting So this was the type of morning that it was just like one opportunity after another This Chris trade was like really one of the only ones that we didn't put on the list that ended up making a great move Thankfully, we called this out right after the initial pop as soon as this thing pops it pops up on my Benzinga Pro Called it out and hey, thankfully I don't control the stock Thankfully this provided us the opportunity to see a break back over 150 and it led to a fantastic run-up from there Brian like I just mentioned the moment ago. He clocked out with 30 cent profit He was in from 137 had a beautiful entry roughly off support He's actually still holding half of that position forgot to read that part from earlier Is there anyone still in on this Chris trade right now? Got my water today. Just so you know not just one bottle Too we came prepared today Kathleen says she's still in there we go Brian says he's close to getting out of course I mean the closer we get to the market open you don't want to hold that into the open so you know for anyone that's in this trade at least you got to see the higher highs soon and Even if it bounces here if it doesn't make that higher high Don't be stuck holding into the open you could always get back in give yourself the chance to relax and breathe There's still 25 minutes before the market opens up But you know, let's just see what happens coming up on this Chris trade easily enough I'll put this on our main watch list here for the opening Bell Anthony Anthony G one of our students here and just worked with him yesterday and coaching He's in right now. Hopefully from a nice price off that 150 level. All right So if it wasn't the Chris trade it was the MNM D trade I have to say that ticker slowly my Traders dyslexia slash speech impediment gets in the way there So ended up making a big pop shortly after seven o'clock here Whatever news came out led to a huge run up from that point and you know what I'll tell you what I have I have enough time here right now I'm gonna type it in the chat board here. See what the news is on this MNM D trade If Benzinga is going to pop the news up for me Not really pulling anything up right now Give me a quick sec here There we go. Okay, so my apologies looks like the stock was just mentioned on the app discord That's it. This is like a meme stock. Is that is is that really all there is to it here? Looks like from Tuesday of this week HC Wainwright ended up maintaining their buy rating. They lowered their price target to five It's pretty steep price target It's a lower two even but nonetheless though I mean, hey, I don't think there's any like real actual news that came out so far on this stock more just be more just a mention of this stock on social media, we'll just say so M M M D I'll put on our list But be pretty careful of this to tank and pull back, you know Unless if there is really a continued push here After the open there was a stock yesterday qnrx that led to a really nice squeeze early Yesterday morning and even from the after hours the day prior. I thought it was going to make this fantastic run Unfortunately, there is no news to you know push this stock up any further It's to say that once this ran out of buying momentum buying volume Then this thing ended up failing to run it crashed, right? So M and M D obviously looking really good right now or already has been looking pretty good It's pulling back off the last resistance here off of 140 ish You know a couple of larger orders that were sitting there and afterwards once it broke under 132 You could just say in hindsight afterwards this order popped up shortly after the 42 000 shares sitting at 132 So that's where I say be careful. This might pull all the way back down to one I'll put it on our list But I want something that's you know moving upward trending nicely and perhaps As a reason to trend up nicely aside from being mentioned on social media, you know Not everything is going to be bed-bath beyond folks and a couple of us were hung on to that trade early in pre-market today Let me actually just jump to that briefly a couple of us were like, you know hanging on to the hope at bed-bath beyond making another big pump Folks the stock was down 9% when that was being called out from a couple of members here I was not a fan of that whatsoever. This thing got killed yesterday You do expect this to run all the way back up in pre-market. Come on So you don't want to be stuck hoping and holding, you know after a stock already made a big move That's where I'm saying go back to MNMD if that tanks Don't expect that to run all the way back up to the highs after so Looking at this bed-bath beyond trade at least here. We'll get to the loser's list in a moment But this thing obviously looks like a fantastic short Mark s where you at mark s one of our long time students here in this trading room One of my coaching students he called out the short earlier. Hey if you were able to get shares I know it's hard to borrow on trade station But this obviously led to a nice drop and once it re broke under 20 all bets are off there So actually while I'm at it, I may as well throw a bed-bath beyond on our watch list now, but With much better direction going downward here and the more drops after the market opens. Hey, you know what at that point Maybe it will bounce maybe it'll bounce off of historical support that we have off of 18 How do I know historical support off of 18 because we're calling out historical resistance off of 18 just a couple days ago So resistance should become support in that sense Let's see if this could drag down to 18 and hold from there Otherwise if it breaks under 18 This will easily keep dropping, you know Just focus on the whole number of levels as far as seeing liquidity on the bid or the ask and we'll go from there Ron says bed-bath beyond largest stock holder is selling all shares Oh, so if that's the news that led to that big drop yesterday I did not check in on time. So I believe Ron. I'm just checking Benzinga pro right now And Ron obviously is correct. Ron is one of our longtime students a former neighbor of mine in Long Island He says that bed-bath beyond shares are trading lower following a form 144 Uh by RC ventures with which suggested the firm proposed to sell 7.78 million shares common And the certain and certain call options Additionally, wedbush downgraded the stock to underperform Brian says Cohen. Is that like as in steve Cohen? nonetheless Hey, I don't need to know the name of that person Still on their shares if it's steve Cohen then hey, we know that guy has money But nonetheless this thing got crushed from yesterday. It's down another 20% nearly heading into the open So of course, we're gonna put this on our list now as a short Uh rickardo calling out bbig. You know what? Let's get to that. I'm kind of hopping around a bit But we'll do a formal top to bottom Scan through in a moment bbig was the big one of the big moves from from yesterday We ended up seeing this make a fantastic pop after the market opened up roughly off support from 137 Like 15 of us 20 of us even ended up jumping on this trade together I just distinctly remember because I'll always ask at times like hey, you know, is anyone in this position Just engage in conversation. There are times where I'm not in a stock and I'm asking that question So I was in this and I was just asking because it's more of a level one trade Like 15 of us wrote back in the chat board like a machine gun of chats like yes. Yes. Yes. Yes. I'm in I'm in I'm so this was awesome to us yesterday And with that obviously I was going to put this back on our pre-market watch list with a trending up going into eight o'clock This thing has been unbelievable for us so far today and from yesterday pushing on the way up towards two I'm not in this trade right now folks. I'm not trading while I'm teaching I'm not trading while I'm doing this meeting for that matter is anyone in this trade currently Be transparent. I I do trade while I do the afternoon meeting. I feel more comfortable at that point, but Robert says no John says no, but Chris says yes. There we go. Nice catch from Chris so far Hopefully this keeps pushing up for him up towards two Excellent. Hopefully enough room for me to jump in after the market opens as well Janice is no thinking about getting and just watching. That's okay. That's all right You know, at least this is the type of stock for really anyone in pre-market to try and trade Pre-market's pretty risky to trade because you can't use stops. You can't use limit order or you can't use market orders So it's to say that hey, this is the perfect type of stock to follow at least given the liquidity and it wasn't the fastest mover out there So you hope to see this happen. This doesn't always happen for every level one pre-market stock, right? So if you didn't get in on this trade what you need to do is study Why did this make the move that it made and how could I be there to capitalize on that moment the next go around? Now that's easy to say here, but those are literally the steps involved if you don't take those proactive steps You're never going to learn So, you know, that's what I say, you know, go back in hindsight go back to see where this broke out of resistance How resistance eventually became support and so forth All right, so bbig Write this down before I forget to all right. So we got four stocks already on our main list This is awesome folks. Great morning watch list for the opening bell. Let's go from top to bottom now officially You got this thing cdr I didn't take one look at this stock today Um, well, you could tell we're not going to take another look at this stock going forward So it's a buyout. I assume for it to be if it's not a buyout then this would be like the first Non buyout like complete flat line I've ever seen any buyout that you have will like look like this But this is a pretty big jump up for a buyout up over 206 off of the previous day's close Pstv let's take a look at ps tv here I mean, you know, hey from pre-market had a nice push after eight o'clock, right? Even from seven o'clock it popped at first But ended up making a nice bounce afterwards ran from 110 up to 128 125 was the resistance so it popped and dropped it it held under 125 after and now it's dragging back down here a bit So, you know for as much as this pumped up from the after hours yesterday You're hopeful to see continuation if not continuation at least a run up higher perhaps up towards 140 Looks like that was a strong after hours support level that ended up breaking support should become resistance It's dragging back down pretty hard. So i'm not too particular about this ps tv right now Even though it's up over 108 percent even though it's trading like a level one stock That doesn't mean it's going to move perfectly after the market opens up folks So i'll come back to this. I would want to add this to our list. It just stinks to see that It's like slumping back down here. It only leads me to believe it's going to crash back down to a dollar first So if that happens then we'll definitely call it out. I would love to you know, try and trade this given the right opportunity But we go and continue through here from top to bottom. We got the brsh trade I think this is a brush oral care new ipo from like a couple weeks back probably when I was moving So notice this ipo price here or the opening price off its ipo 285 So that's how you expect to find big volume levels It's all about locating the big money and we talk about this a lot just more in the phase two curriculum and more So honestly and like coaching that just gives me the best chance to like work with certain students one on one The opening print off its ipo is big volume right at 285 So that's what led me to call that out instantly here once I logged in I logged in at 7 30 This was the first thing I saw and I said all right. Let's find a resistance I said 285 was a strong level after that three you would assume to be a strong level Well, this didn't even give us a false breakout ended up just squeezing up towards that price came right back down I feel like this is likely to make the retest at least later on Definitely pretty active if you're heading into the market open and it's very liquid, which I like to see So, you know what? I'm going to put this brush trade back on our list If it dumps off from this point then that would be disappointing But I want to give this the chance to see it make a nice run CDAC a couple of um failed setups here unfortunately CDAC We were hopeful to see snap over the vwap line, which was roughly around 315 at the time And failed to even test it or fail to break above it It hit it and then came right back down and then norman had made a very similar call out great call out at the time Hopefully to see the big pop But unfortunately that one also ended up pulling right back down norman which one which one was that that was uh Let's take a look. Which one was that norman? Was it the blue trade? I think it was right blue? Yeah, right off the this one made the false break This one broke over the vwap line right off 752 it was or 754 whatever led to a nice pop at first Good reaction But After it hit it once and held this support It didn't run off it it broke under it once it broke under it That was it So the blue trade the cdak trade were both on the the pre-market list And unfortunately they didn't make the move that we wanted them to cdak definitely is not looking good at this point Maybe we'll make a move later on throughout the morning blue We're more familiar with we uh, we've traded blue over the last couple of months You could just see from these big volume spike days gapped up in pre-market this day dumped off Back then it was shortable. It was hard. It was easy to borrow on this day. I distinctly recall Well today The stock is easy easy to borrow So if this fails to really continue to pop up and run then this could be a great opportunity going south So blue i don't mind putting on our main list here kind of towards the middle towards the bottom Maybe with that bedbath beyond trade All right, let's see what else we got here folks. We got the new egg stock Ended up making a big pop when I started the meeting. I noticed that from my benzinga pro I didn't mention it at the time, but ended up making a pop. I was looking forward to checking this out Had pulled back down towards all right around 470 468 where it held support previously So that in its own right will be a very strong level after the market opens False breakout off the first test of five that's expected, but the false breakout at least is a clue It's a sign it's buying interest at least so the more times it needles that resistance later on throughout the morning It could lead to a really nice pop. So the new egg stock definitely i'll put on our list too And we got a lot moving here in pre-market folks. You might have a classic 20 stock josh watch list here before the opening bell I don't like to do that. I always like to see the opportunity in certain stocks though I always say you know being a 30 year pro of the market fousto does an incredible job of Hey the kiss method keep it super simple right? So you know I tend to see some opportunity in trades And I tend to make a bigger list at times. I try not to So let's see what we could do here in the meantime though We got sysco more of a name brand stock csco Breaking out pretty nicely my assumption would be earnings, but ended up making a big pop beginning from the after hours Let's just zoom out on this historical chart turn it to a weekly I would say I mean it's up top around 53 Around 53. So it's not exactly 53, but just around there. You do have some big historical support from the end of last year into this year It's only at 49 50 right now So if all if the stars could align this could really continue to pump break over 50 even and make the move closer towards that historical Resistance now we'll call it kind of like right there. We'll kind of even call it 52 50 All right You know a little expensive if you want to trade sysco You know just make sure that it's very liquid that it's going to have a tight spread and filled in order book Because if not then for a 49 dollar stock it really isn't worth it You you're not able to trade a lot of shares of more of a more expensive stock to begin So if it's not super liquid then you're probably going to even trade less right? Opportunity costs folks we're here to make money We're not here to make peanuts and that's okay If you're a new student if you're trading small, that's what we teach you to do but Once you get the wheels under you if you're a longtime student here of ctu if you've been here for longer than a few months You're looking to make a thousand dollars a day 500 dollars a day. Whatever you deem as your days pay trading 50 shares During prime time trading hours Is not going to get you there right? One of us says in the chat board making peanuts right now You you have a very specific situation Janice, right? You know, you're paying like 10 dollars to trade on commission internationally and that's unfortunate. That's a whole Situation right so you know that i'm going to talk to you just over the next day in a coaching session about that Right, so we're going to definitely talk one on one. I just you know, we're going to go through that certainly Um, but it is to say though that you're still a new student and a lot of us are new students That's okay. If you're trading small shares right now I'm I'm referring to folks that have been with us for quite a while right now at this point You know during prime time trading hours you want to maximize your ability to make money So to trade a more expensive stock naturally You're going to trade less shares myself included So that's where I say I'd rather try and follow stocks between like one and ten one and twenty Just within a reasonable price range, so I know I could at least try and maximize my ability to profit With that let's hop over to the loser's list right now We got a few stocks that are shortable that are down big right now Perhaps that were up over the last few days Kirkland's looks like this dropped off seemingly to the same degree as bedbath beyond from yesterday I know this is like two degree also a meme stock ended up making a big push back from the beginning of this week If not even the end of last week We were calling it out as a potential short squeeze ended up actually making that pump pumped from yesterday at least 535 540 upwards towards seven Obviously had a tough time breaking seven and then from there had the same synonymous type of drop-off as uh bedbath beyond it So Kirkland down over 11 in pre-market right now I don't have a great need to put this on our list bedbath beyond is or was Trending downward a lot better at least this morning in pre-market looks like it based off right around 18 perhaps Would you look at that? Would you look at that folks right off at 18? I believe 1802 We just said it Historical resistance creates historical support Hopefully the first test there and there may be another test to where we see it actually break under and over from 18 and go from that point So, you know bedbath beyond just getting back to this one You know rightfully so we're going to keep this on our list, but you know, that was perfect right there right off that 18 Uh kss coals I assume that's earnings related that led to the drop-off in pre-market this morning down over 7 You know a little less expensive than that sysco, right? So i'd be more keen to follow it if there was You know a better direction on the stock. I mean it dropped off. It could be a great trade later on You know if you do well on coals day over day or you know every week if you're trading it a couple times a week And are hitting them well pretty pretty nicely on coals. I'm sure you're more inclined to follow that trade You know, there's a couple of us in our trading room I mean, I know one of us right now inside inside the room, you know with us here michael Michael does pretty well on this coal stock kss from what I recall So i'm sure he'll be more inclined to follow this trade personally but You know if you're not hitting it very nicely on coals day over day week over week There's better stocks that we just put on this watch list here for you So, you know, that's how you look to prioritize and look to set your morning up Party city. This is not looking too good. I think one of us chatted tiva Earlier today or at least in the morning meeting. It's dropped off pretty nicely, huh? tiva if i'm not mistaken and I have like no Ear to the floor when it comes to the pharma sector or any of this Stuff folks. So this popped up on like twitter for me like maybe a week ago. It was just like, oh, that's interesting to see So tiva if i'm not mistaken Is one of the biggest suppliers of Adderall So recently I think there's been some news coming out where there's been mass supply chain You know concerns will call it with tiva All together and specifically with Adderall So that's something that I thought was pretty interesting That was maybe like a couple weeks ago. Maybe even three weeks ago at that I mean this thing ended up popping up quite nicely I don't know for what reason gapped up and ended up running from like 8 58 75 all the web towards over 11 Well ended up dropping off quite a bit from yesterday to begin even more so today I like this as a short here heading into the open. So yeah, good call Let me just give the credit where it's due for tiva here. I think one of us wrote that down just before mark at 908 eastern time He didn't I don't know if he caught bedbath beyond on the short But hopefully he caught the tiva trade as a short he called that out at 908 eastern time So right after it dropped off initially ended up calling it out on the continuated pullback year towards 9 50 Uh, you could see 9 45 that could be a subtle backup support level to 9 50 there 6600 share order on the bid All right folks current time right now 9 24. I'm going long right now I got to make sure that we have enough time to prep get ready before the market opens up So with that folks, let me know if there's anything else up down left right more than 5 percent that you would want me to check out Look at here before we wrap it up Looking at a ray. I skipped over this one pretty briefly. So just check it out here not doing a whole lot right now. So I'll pass Grant says bbig pop up to 190 where we had called out that iceberg order, right? And then from that point pulled back What else we got for any of us on social media right now from l andrew's m&md Definitely that ended up making a big pop he'd called that out or typed that in on our youtube stream at 908 So that one already on our list it dropped off a little bit and be careful But hopefully we definitely hopefully we look to see continuation once the uh market opens Mitch one of our uh routine attendees on youtube today asking about the sabbastock Yeah, sabba yesterday ended up making a hell of a move, right? So I forgot to cover that Ended up dropping off quite a bit. So it ended up popping from like 24 up to 35 dropped all the way back down to like almost where it had popped from Making another big squeeze up today. So it's hard to ignore this type of move, right? It's hard to ignore it. I'm going to put this on our list But it's going to be a very ill liquid stock if unless if you are a level five trader And I know there's a lot of us that don't think of us as like, you know, the rightful skill level There's a couple of us here that call themselves level like one or two traders when I know You're like level three or level four. Listen, if you are making like $500 a day More days than not in our trading room This is the type of stock for you If you were not someone who was making $500 a day more days than not I would much rather you trade any one of these other stocks aside from sabba Right, um Francia one of our regular attendees inside our live trading room actually on youtube today saying I got in at 71 cents a few days ago and I think that france is asking about the chris stock there wow Well, perhaps that could have been um A different trade there. I mean chris ended up dropping down towards 71 back from june time So if that is the trade that france is referring to that's awesome. Um, yeah chris is still pushing up very nicely That's already on our watch list here. So that was like the first thing that we had covered, you know at the nine o'clock All right, folks, we got about like four minutes three minutes even before the market opens up I got to make sure that we're good to go So for all of a sudden social media facebook live youtube I appreciate you folks sticking with me throughout another morning fowl still will be back next week If you're interested in joining our live trading room go right down to the link on the blue banner below right there at the Stream to get yourself started But otherwise if you have any other questions feel more than free to email me my email address I always like to post at the end of these streams josh at c2trading.com But otherwise for grant for nina for janis lada michael and all the slide inside the trading room Whoo, I gotta catch my breath. I got my water here today But nonetheless, we're gonna be good to go folks in the next two or three minutes So I look forward to it. I'll talk to you all soon. 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