 David Fudge, I'm from Sun City, West Arizona. Tom Sharp, and I'm from Auckland, California. My name is Lita Dukeshire, and I am from Yarmouth, Nova Scotia, Canada. My name is Verhaetting Ovadje, and I'm from the Dominican Republic. My name is David, and I'm from Sydney, Australia. I'm retired, but I was a biomedical engineer designing medical equipment. I was working for a pharmaceutical company. I'm a commissioned sales rep in the tire industry selling tires. I work for the U.S. Board of Troll, and I still am employed there. I've got about three years before I retire. I practiced dentistry for 47 years. Day trading is something I want to learn how to do, and I haven't found a good mentor or a good training program to kind of help me along the way, so when I found CTU, I thought this is definitely the place I wanted to jump in on. The chat room is just incredible. The support that you get from other team members that help you to identify stocks that may be moving, or that are really looking good for trades. There's a lot of the people that I've met here, the instructors and, you know, the other students too. Fausto and the team really took their time with me. I put the money with their mouthpiece. I get the results. You know, you can actually see them make the actual trades, instead of just teaching theory and, you know, leaving it to you to work out in a real world. It's a very well-organized program. It's logically oriented for me. And being in the chat room, there are a lot of good people, and I've gotten to know a few online, and here I've gotten to know several more. I think I just saw Fausto on a webinar somewhere one day, and I was impressed, and so I decided to check it out. Here you are. Experience with Fausto. Fausto's been really helpful, really nice, and I think the team he has around him makes it, you know, really, really easy. I realized how much he really cares about his students' learning. It wasn't something like he's just trying to get to a part of his team. It's much deeper than that. An amazing guy. Metamon, I remember hearing his first video, his first live video, and he has a lot of charisma, and he's genuine, how he sounds online. I feel that he has a genuine interest in people and a sincere desire to see us grow and prosper. Now that I've met him, see that the humble he is, you know, I see him as a very great man and mentor to follow into this field. At Cybertree University, one of the biggest things that really always concerned me is I was you over 20 years ago, and what I needed more than anything was support. I needed to learn, and I needed someone to hold my hand. Well, one of the big things we're very big on is we're very big on support, and all the staff at Cybertree University is very, very well educated and trained how to trade the market. So when you call us, you're going to be talking to an education advisor or an instructor, and you're going to see how much we really care about your training. A lot of people, you know, really don't look at you not only as a student, but we look at you as a family member because training is a family. I certainly feel like I'm included as part of a family, if you will, right? It's just a family feeling to take care of you. We will always be there. We were one of the very first people who pioneered webinar technology when it first came out in the late 90s. When you log into our website, you're going to see that we have courses, recordings. We have it going through step one, step two, step three from beginners to advanced students, and you could come back and take the class as many times you want for free. 70% of our training courses are live, and we train you live in the market. So you're not just reading out of a textbook. It's a different adventure. It's just a different course, because different movements in the market, different situations happen all the time, but it's the same game, and that's what teaches you how to trade in today's volatility at Cybertrain University. New York City, the site of the International Traders Expo. And I like to show people when I start trading live because it gets them to feel, the look and feel of what it's like to be in that race. In the competition, our camera focuses on Puglisi, who despite all the options available to modern day traders, is concentrating on common traditional stocks. I have already did two trades already. The session starts with Fausto fishing for active stocks. Soon it will be the last half hour of the market day in New York, almost always the most active part of the short term traders day. I'm scanning through my top 20 list. My top 20 list is all percentage gainers and losers. I'm trying to find a stock that has some good volatility. I'm trying to find some stocks. I mean, I don't care what they do. I don't care if they're going bankrupt or whatever. Fausto finds his first big move, United Airlines. He buys and it dips. He sells and it dips even lower. You got to know where those dominated broker terms are. You got to know where they're buying it. You need to know where they're selling it. You need to know where the big boy in that stock is. A lot of people think it's just as easy as just, let me just trade a brand name stock because it's, you know, Intel or Google, you know, and that's something that you don't want to do. Okay. So now ladies and gentlemen, first of all, let's get started. Hopefully everybody liked that video that we just showed. Basically what you were just looking at was a testimonials from some students that we've had here over the years at Cybertree University of somebody on site and also a, you saw a video regarding, I did a documentary with A&E channel on day trading. So kind of some samples of me day trading with one of my competitors. I believe I was pristine at the time when I was doing the event. But just to let you know, this is a live event and I'm going to try to do as best I can to answer your questions, but let me tell you the reason why I'm here. Okay. I am here for one reason and one reason only. Same reason why you're here to make money. And what I'm looking to do today, the next hour is I'm looking to recruit new traders and tell you guys a little bit about trading, what it is, how it works. And then you guys, and then at the end of the presentation, you'll make a decision if trading is for you or not, because it's not for everybody and that's okay. I've been there. I've done it. I blew up three accounts because of ignorance, being a young pup, but I got smarter and wiser over the, you know, when I finally took a job to learn from somebody and hopefully you're going to make that first step today, moving forward. So I'm going to talk about how to make a full-time income as a part-time trader because trading is really not a full-time job. Now, just to tell you a little bit about Cybertree University, I started one of the first educational schools over 25 years ago. Seems like a long, long time, 25 years, could you believe it? And I'm still here. I love what I do. And let me tell you why I trade. The reason why I'm here to recruit guys like you that I could train is because I'm only as good as the people I surround myself with. People always ask me, and this is a great question, people always ask and they say, you know what, Fausto? If you're a great trader, why do you teach? And I tell them the same exact thing I tell everybody. I'm only as good as I am because the people I surround myself with that I train. You see, it's not about the Fausto show, okay? It's not about Cybertree University. It's about us working together as a team. Think about this for a second. When you look at the floor of the New York Stock Exchange, what do you see? One trader? No, he's working with his friends, his colleagues. They're working together like a team. This is not a one-man dance, okay? This is a team effort. So what happened when I got into the industry, I worked for a proprietary trading firm, but eventually I didn't like splitting the profits, so I wanted to go on my own. And my mentors always taught me is to say, Fausto, if you want to do this, you've got to train people and you've got to work with them because I believe there's a lot of people over the years that I've met that were stock brokers, mutual funds. They left their companies and they ended up becoming a trader at Cybertree University because they realized that they need to be around people. You need to surround yourself with smart people. So that's when it was founded back in 1995. Now, what I'm going to do today is I'm going to train you guys a little bit of the basics of what trading is about and why people lose money in trading or maybe you're just not meeting your expectations. So I started one of the first professional trading room on the internet. So all these chat rooms that you see, everything, I'm the one that started the first one and we're going to introduce you to the original one at the end of today's presentation. Now, just to let you guys know, I traveled around the world. I've trained people around the world and if you notice from these two photos that these people are just like you. They're traders like you, grandmas, grandpas, cowboys, board of control people, business owners, entrepreneurs, engineers, computer IT guys. These are people every day that realize why should I give my money to somebody else? I could do it myself and probably do a better job. What do I need them to lose money for? I'd rather lose it myself. And that's how people start to realize why they want to do this. So to be part of this team, you need to understand how to play the game. Now, I'm not looking to, we're not a brokerage firm. Okay, just want to be clear. We're not giving money to anybody. What we're looking to do is I'm looking to invite people in the trading room, teach you a little bit about it. And then if you want to learn and be part of the team, then we'll talk about that later. But before we do that, I'm not here to sell anything. I'm not here to give away free iPads, free computers, free car, free this. I'm not looking for free people. I'm looking for people that want to make money and buy their own computer and their own car and their own Rolex. That's what it's about. It's not about free stuff. We're not trying to entitle a business, guys. We're in the trading business. And that's what I'm looking for. So a couple of things we're going to talk about. We're going to navigate and challenges of a world of high frequency trading. I'm going to talk a little bit about that and algorithm trading, which is algorithm trading. I'm going to talk about how to distinguish the difference between level one, level two, and level three quotes. I'm going to talk about some stocks that we traded. Maybe some of you are in positions of understanding why everybody else is in something that you didn't find. I'm going to talk about that and I'm going to talk about how to utilize time and sales data. And then I'm also going to talk about charts, which a lot of you here probably think you know how to read it. And believe me, 80, 90% of you are reading them backwards. So you might not like it. What you're about to hear about fact is fact. How do I know this? Because I was a market maker. I was trading firms, prop firms in the industry. And the only way I'm good at what I am is because I was taught the things I shouldn't be doing when it comes down to. So with that said, guys, I want to get to know a little bit about everybody here. And I want to do a little poll question. So I just want to know what kind of trader is everybody. So if you guys could tell me are you a stock trader, an options trader, futures, forex? Just give me a chat back and let me know. We're just going to do a quick little poll. All right. Quite a few forex traders. Here come some stock traders. Some options. So as you guys are filling out that question, I'm just going to let you know a little bit about myself. I'm actually a day trader. Day traders do not hold positions overnight. Majority of the traders on Wall Street are day trading. They're just trading order flow. And that's basically what I teach. I like that because I get to sleep at night. I don't get to hold positions overnight like this one you're seeing right here. You wake up one morning, 1950, $14. I know you've been there. You've done it. You saw it. You don't want to be in that position. But that's the reason why. Day trading is probably the least risky and the less more complicated. When you get more in swing trading, you've got to know more about indicators, options of water, because now you're dealing with commission, time and spread. You know, there's an old saying people say, why trade is stock and you trade the option is so much cheaper. Well, it's cheaper for a reason because there's more risk that's involved. So stock trading is actually the least risky. Swing trading is second. Options is third. And by the way, I love options. I'm not trying to knock options, but I'm just telling you right now. You want to be a good option trader. You first better be a good stock trader. That's the way it goes. If you can't be a good stock trader, you'll never be a good option trader. Now, let me just tell you what brokerage firms don't want to tell you before we move forward. The thing is brokerage firms online brokerage firms specifically, they basically are trading against you. I know everyone loves this market. We all see the opportunity. I know a lot of us need to make money. A lot of us are maybe on Social Security, maybe you started trading your IRA, you retired, which I would say about 80% of our traders are. Or some of you just don't want, you know, maybe stay at home mom, you know, and need to make supplemental income, but you don't want to leave the kids, you know, and daycare, but it's got to make that money. Listen, it's the greatest job in the world. I don't know much more to say. And I just find that every time everybody knows that they try to go out there, they start trading and the biggest mistake they make is they open up with the wrong brokerage account. Okay, they open up with like a Schwab, a fidelity, you know, when you trade. And the thing you have to understand is that online brokers are trading against you. And let me tell you how that works. They know 80% of the people fail in trading. That's a pretty big statistic. So, what they do is they just take the bet and by taking the bet, what they'll do is they'll go out there and they'll sell it for payment for order flow. You know, another brokerage term will pay them for that trade. I mean, listen, I don't want to get too complicated and waste our time with this, but you listen, you guys are really smart out there. Okay, you're no dummies. Do you really think a brokerage firm makes money, charges you $7 a ticket? Oh, seven. Do they really go from a stock broker that charged me 2% commission or I used to pay him $100, $200 now I'm paying $7? It's like, it's like a steal. It's like, why would I not do that? So the thing is this guys, brokerage firms are literally just trading against you. That's basically how it works. All right. That's how, and the thing is we don't want to trade against them. We want to trade with them. And that's where it comes into play. So how do you, so how do you distinguish there's two different brokerage firms? There are online brokers and the direct access brokers. Okay, direct access brokers just to let you know they give you instant access to the market. You have a seat on the exchange. You get the trade buy, sell, you know, you get the put orders out there. Let me tell you when I was originally introduced of what the difference between direct access and online brokers, it's a difference in dealing with public transportation and driving your own car. Listen, there's an industry for public transportation. Okay, but to run a family, run a business doing this, trust me, it's not going to work out. So you'll see a lot of us will train and actually that's the first thing I think I want you guys to take note. Write down on a piece of paper, call your broker term and ask them if I'm doing direct access trades and that will tell you the difference. Now, that is about 50% of the failure rate right there alone. And I think a lot of people not only the reason why a lot of people don't trade direct access is because a lot of brokerage don't offer it that many because they don't make money at it. There's only quite a few people that do offer it, but you know, once again, it's not for everybody. And listen, if your guy does like one or two trades a month, you don't need it. Okay, public service. It's like saying, I live here in New York. Okay, it's like me going to the city. Do I really need to get a train ticket? You know, like, you know, if I'm only doing, if I'm going in and out of the city, you know, every day, you know, yes, I need my own car. But if I'm only going there like, you know, twice a month, why do I got to buy something specifically to go into the city and pay parking? I'll just take the train. You know what I mean? Like, there is something that there's a need for it. If you're an active trader, 50% failure rate right there alone. All right. Now, let's begin into the training part of it. Because now that you know how half the people fail in trading, now let's talk about how we beat the other half. All right, so let's begin with this, with this. AMRM. Did anybody see this stock right here? AMRM? Anyone hear about it? Heard about it? Seen it? AMRM up 318%. Went from $3 all the way up to about 13. By the way, that is one day. Anybody here trade that stock? Anyone seen it? Heard about it? I know we have some students in here so they're like, oh yeah, Faust, we've been there, we've done that. Kevin, you had it? Okay, Peter, you had? Okay. So, this is, people can't even make this in a lifetime. We do this every day. Now, the question people always ask is why did it go up? How did you know it was going to go up? Where did you find it? TLRY. Where did TLRY come? It went from 20 to 300. Everyone's talking about TLRY, the pot stock. We were trading that stock when it went public. How did you know it was going to go higher? How did you know it was going to back off? That is what we do here at Cybertrain University and that's what we're about to learn. So, let me change it. Here we go. So, the number one place where, first of all, we find stocks is in our big percentage gainers and losers. Now, I want you all to understand is that here at Cybertrain University, I have absolutely no clue what AMRN does. And I honestly, I really don't care. Okay, and I really don't want to know because by the time I'm not buying the company. Okay, for personal, for growth, I'm just trading it. I'm trading it through the momentum. I'm trading it to capitalize on that 200% move over the course of the day. Okay, I'm not looking to own it and put in my retirement for the next 50 years. I'm looking to get in and out of it, make my days pay, and then go on to the next day and do the same thing every day. So, the big thing what we do here at Cybertrain University is we're going to teach you how to scan the market. We're going to go through the big percentage gainers and losers. And then on the right, which is our cybergroup room, we're going to go out there and we're going to trade in the pre-market. We're going to trade at 8 o'clock in the morning. You know, an hour and a half before all the amateurs don't even get in there because they put the orders in there and we'll trade the stock and we'll work together like a team. So, that is right there, the original trading which we're all going to be invited to. But how do we find them? We work off our big percentage gainers and then we're going to work together like a team in a way of finding out which one is going to give us the least amount of risk with the high amount of reward. Remember everybody, why are we here? For one reason and one reason only. And it's not to look at Fausto and, you know, my nice looking shirt and my new haircut. You're here to make money. And you're here to find a mentor and a team that you could relate to and probably went out there and realized it's not that easy to do it by yourself. Okay? You need to be a have a support team and the first place, the second place where people make mistakes is they trade the wrong stocks. Now, here's the news regarding, you know, traders bought the stock. Here's the news that came out on it. Now, you could sit there and you could analyze it and do everything you want about it. But at the end of the day what makes these things drive up? Supply and demand. That's it. That's all you have to look at. Now, how do we know the stock was going to go up and go down? How do we know who's buying it? Who's selling it? That is what converted me from trading on my own, then from getting a job. I realized that I've been trading blind this whole time. I'm like, when I first took a step into my first office, when I finally blew up three counts and said, you know what, enough's enough. I have kids in my neighborhood driving Ferraris and Porsches and here I am, you know, living in my mom's basement trying to make a living and don't understand why they're making money and they're doing great and I'm not. Okay? Thank God, you know, living in New York I had a couple of friends in my local school that invited me to go meet their come and meet their office and be like, holy cow, how does anyone have a chance of doing this? What was I thinking? What am I more on? Okay, so where am I going with this? Where I'm going with this is having the right tools. Okay? The right tools is not only just having the right execution system and the right brokerage firm, but also knowing how to look at it. Now, what we're looking at right now, and Rosie, I'm getting to it right now, I'm getting to the point where I want you to realize, Rose, that a lot of us are trading with the wrong tools the wrong education and, you know, but you know you can make money doing this and one of the other big mistakes, Rose, that people do in trading is that they go into trading and they have they trading blind. I mean, how many times have you gone to a stock, Rose, and just basically just took a crash shoot and just, you know what, I don't know. Let me look at Home Depot. You know, it's a good company. I just went there today and I bought some stuff. You know, that's how it works. That's how it works. What you want to do is you want to find the stocks that are 20, 50, 100% a day and you want to make your days pay and have a better life. Um, I guess, Rosie, I missed your question. What is direct access trading? Direct access means you have instant access to the market. You have to see on the exchange and you'll be able to compete and be on the same floor as Goldman, Merrill, Shearson. So like right here in the bottom, if you look at the level 2 and you see all the guys on ID, those are basically their full letter ID of an NVDCN or broker term and you could actually become one of those guys where you could place those bids with them. So you ever hear about the auctions like these car auctions, like I already got good deals with these car auctions. They don't let you unless you're a dealer. They're like, oh, so I gotta go to a dealer and buy, why have to keep going to a dealer? You guys ever go to a car dealer and buy a car? Isn't it like, isn't it the most degrading bit, you know, you feel like they are the best salesman in the world and you know when you get out of there sometimes they make you feel like they get you such a great deal and you know when you all said and done, you know you got ripped off. You know? And they're like, why am I going to deal with him? Can't I just go to the auction and buy the car myself? Why have I had him go buy it? Can I go? Well that is what you're doing, the difference between deal with online brokers and direct access Rosie. Well Rose, I'm going to get to that at the end of the presentation. Right now Rose and everybody else I don't want to sit there and talk too much time because I want to get into the trading part of it, the exciting part of it, but this is why you're here. You're here to learn of trading for you and I'm going to tell you this Rose, I'm going to give you access to my trading room for a whole week and you're going to see exactly that you've been trading blind your whole time. Alright, so let's talk about level three. So lost sound. Everybody lost sound? Hold on one second. Alright, could you guys hear now? Hold on one second. Let me see if I can get the audio. Can you hear now? Just checking. Audio, audio. Okay good, alright. It must have been something with my headset. Alright, good. Alright, so a little quick poll question guys and poll question is do you have level three? So let's do a quick poll question here and be honest, you know, no one's going to yell at you, no one's going to barrage you, no one's going to rat you out to your spouse. Alright, so we got about 33% saying yes, 46 no, 19, oh, we're going up on the nose now. If you're saying you're not sure I'll take that as a no, alright. So if you're looking at it, we're about close to about 70, 80% of you that are saying no. Alright, so let me explain to you what we're looking at here. My question to you guys is this, if I was to tell you that I could show you where 70% of the buyers and sellers are, what is that worth to you? If you could see where 70% of the buyers and sellers are buying a stock that you're in, what is that worth to you? Think about that, 70% of where all the buyers and sellers are and you could see that data. How much smarter and better trading decisions would you have made? A lot, right? So let's look at this right here. This is called the book viewer. Okay, this is NASDAQ. Now this is one of several out there. Can everybody see this right here? The screen right here? Can everybody see the level three book viewer? Just want to make sure. I lost the audio there again. Alright, so what you're looking at, there's about several different ECNs. ECN is called Electronic Communication Network. I actually helped develop and build to make these ECNs come to fruition about 25 years ago. So what this system allows you to do is this is where you're going to see all the orders out there that are trading from everyone around the world, from mutual funds, brokerage firms, you, me, everyone. So these are all the orders that are going to be making support and resistance levels on a chart. Now how do we utilize this data? Well, the way you utilize this data is you get to see where all the big orders are. Now remember, when the stocks go up and go down, supply and demand. Buyers and sellers. So when you look right here, let's look at the chart right here. You see the stock right here had a very difficult time. Every time it came to a price of $3360, it went up. $3360, it went up. Why did the stock bounce at $3360? Well, if you look over here on the buy side, out of all $367 share of buyer, by the way, that's aggregated more than one person, by the way, at $3356. No one, and you know what? No wonder why the stock never went below that. Because that big buyer's out there, and if you saw him out there, and if nobody's selling it to him, there's only one other place he could buy it from the sellers. And he probably is the one is the cause of why the stock went up at $3360 all the way to $3480. So when you're looking at an actual chart and you're trying to figure out what really makes a support level, let me tell you what really makes it, what doesn't make it. It's not Mr. Fibonacci, it's not Mr. Bolgerman, it's not Mr. 200 moving average, it's not the butterflies, it's not the double top, it's not the triple bottom, it's buyers. The problem with the chart, you don't see the buyers, you only see what happened in the past. To have past data, you have to have data of the future, which is what we're looking at over here, that's going to predicate that support level still exists. So, here's another example. Stock goes from right at the gate, goes from $4 and $14.50 all the way up to a price of $17.50. Now why in the hell would this stock stop at $17.50? Why not $18? Why not $90? Why not $16? Why did it have to stop at $17.50? And how did I not know that because if I got out I would have made a nice little profit, but because you probably got greedy, or thought it was going to go higher, or because maybe you saw a bull flag, and the stock is back down to $15.50 and you just lost the whole profit. Well, did you see that there was a $279,000 share sellers sitting there, smack on the offer, on the level 3? Think about it. Just want to make sure, just looking at it right there, do you see that resistance levels? Probably not. You don't see it on a chart, but you do see it here. You know, you do see it here on the right. Just hold on a second guys, I'm going to log out and log back in. So give me a second here, okay? Alright, could you guys hear me okay now? Just want to do an audio check? Give me a chat back so you guys can hear loud and clear. Okay, good, good. Alright, so let's get back into that. Sorry about that guys. Alright, so basically getting back here, this is what we're looking for. So looking at right here, guys what do you think is going to happen when you see a big seller at 280,000 shares? It's going to back off. That is what we call a resistance level. Alright, so let's have a little fun right here. Looking at this stock right here, do you guys think the stock is going up or going down? What do you think? Up or down? Actually, let's do a little quick poll question. How about that? Do you think the stock is going to go up or do you think it's going to go down looking at this chart? It's not your question guys, don't worry about it. Just tell me what you think. Alright, so as you guys are starting to answer that question, right, what happens when you have a buyer of 50,000 shares sitting here at 880? What do you think is going to happen? What do you think is going to happen? Look at all the buyers. And then all of a sudden you have a big buyer sitting there for 50,000 shares. That's right. We're looking at that chart right there. We just looked at earlier. Look what happened when we had 50,000 shares at 880. It went all the way back up to 980. Why did the stock go from 880 to 980? Because it was a 50,000 share buyer out there. So one of you just said it was incomplete information. I don't know what that means incomplete. You know what? I agree with you. It is incomplete because that doesn't mean anything to me. Where's the buyers? Where's the sellers? Think about it. How many of you guys right now are monitoring the orders? How many of you guys here are following guys like Goldman Sachs, Merrill Lynch, Sheerson Lehman. Lehman, Kirsten Gerrold, Knight, all these big brokerage firms, Bax, ECNs, how many of you guys doing that? Not that many. And guess what? That's okay because I wasn't doing it either. I thought I had to read some Fibonacci indicator that was invented by some mathematician to tell me other than finding out that it was just a Lager. And you know what happens to Lagers? They don't finish first. I can tell you that. So, what I'm looking to do guys, fellow traders, is that what you're looking at is pretty basic stuff. I don't think this is that complicated. Do you guys think so? I don't think it's complicated at all. Right? So, think about it if you're able to join the original trading room and you'll be surrounded by hundreds of traders. And we're all looking because by the way, there's no indicator out there that will do that because there was. I would have had it out already. But going out there, finding these big orders, and working together knowing that people had these big limit orders out there and just following their co-tail. Like for example, look at the resistance levels on Pandora. I don't know. 34,000 shares, I would assume it was going to be 901. Right? Well, what a coincidence. Stock went all the way down, tried to come back up, never wanted to go past 901. Why was that? Why was that? Well, maybe because that big resistance level was there. Here you have the stock. It drops all the way down here and starts coming back up at 886. And you're like, oh, why did it go back down? It just looked like it was going to go back up to back to 980. Why did it go back down to 886? I don't know. Maybe there was a seller out there advertising want to sell 34,000 shares. Listen, I'm not a, I'm not being a rocket scientist here or a genius, but I do know math and I do know that's a lot of money and I do know that not too many of you are putting 34,000 share orders out there. Others getting streamed. I don't know what that means. So as we're watching the stock, not only did it drop, but it went all the way down to 860. So here you are looking at the stock and like, oh, maybe this is to come back, you know, Pandora. It's been taking off the last couple of days. Why is it backing off? I don't know. Maybe there's still sellers out there dumping it. That's what it's all about. Following the money and monitoring the iceberg orders. Anyone familiar with the Titanic? Why did the Titanic sink? It was supposed to be the unsinkable ship. Maybe because they didn't spend money on radar to look what's on the bottom. You know? So people don't realize it's not what's on top of the water. It's not what's on the bottom of the water. And the top of the water is your level one version, whatever one's looking. And it's amazing how many of you guys out there are not using the level three, which is at the bottom of the water. Because, you know, if you bump into a big iceberg, it's not going to happen. You're going to crash. You need to see that before it gets there. And that is why I love teaching because I'm looking for people that I could teach this information to so you can help us all make money together. There are over 25 million, not 1,000 million people that trade in today's markets. 90% 99% of the people out there training are self-taught. Okay? 80% of them will lose all their money. It's a fact. I'm not making this stuff up. Look at the statistics on the internet. What? Then why is everybody in the business they know they're bound to fail? Because we're going to be smarter than them. We're going to be smarter than them because we're going to get educated and have the right data. Because remember, like I told you, I was there 25 years ago. I was an ignorant 22-year-old kid. I thought I knew what I was doing. I was educated, went to school, went to college, learned this, passed my 7 license, but didn't know that it's not about what I think, it's what the street thinks. So the thing is, how do I see the real orders? What do the next people think people ask? How do I know this is the truth? How do I know that these people, because a lot of people always ask me, and they say, oh yeah, I heard about this, but how do I know they're real? Well, first of all, you can't put a fake order out there with a brokerage firm. And if you do know one, please tell me because I love opening an account with them. This is not demo mode. This is real, real money. People putting real orders out there. Now, how do we know they're real orders? Well, listen, anybody here could change their mind, right? Anybody can cancel their mind. My job is doing something, what I was trained what to do is called reading the tape. And that's called the time and sales window. Now, the time and sales is the confirmation of a transaction that's taking place. So when you see these orders, and you get up to those support resist, those big buyers and sellers, it is someone actually executed. And that is what's going to help you become a better trader. By the way, a chart gets his data from time and sales. I don't know if you guys know that. So if you know how to read time and sales, you'll be one step ahead of everyone else that reads a chart. Now, we have the colors segregated in two colors. Green and red. Green means trades going off on the offer. Red means trades going off on the bid. So when you see a lot of reds, we think it's happening. The buyers are getting hit. It's going down. See a lot of greens means a lot of people on the offer are getting executed. Stock's going to go up. It's not that complicated. Like, look at this example right here. Stock is red, right? All time and sales, red, red, red, red, red, red, red. We think it's going to happen. It's going down. It's going down. Look at that. Stock's trending down. Did you need an indicator to tell you that? No. Here's a couple of our students that traded on the short. Ken made $0.75, $1,700 shares. Ben made about $0.45. How did we know it was going down? Because the buyers are on the bid and you saw them getting executed $25,000, $10,000, $1,400, $1,200. Just on and on and on. We think this stock's going to do everyone. Let's look at this. What do you think this is going to do? Go up or go down? Well, AMRN went from $10 to almost $13. Green, green, green, green, green, green. These are all chats from students of ours. Todd made $0.46. Don made $0.61. Ken made $0.90. Made his day's pay. Nancy made $0.30. He made $0.50. Made $0.30. I mean, this is what it's all about. This is what it's all about. Working to get like a team. Telling everyone how much money you're making and points. How do we know that? By following the money. It's all about following the smart money, guys. It's what it's all about. How many of you here are following the smart money? How many of you here are actually going out there and buying it and selling the stock? And following where all the buyers and sellers are. How many of you here are reading time and sales? How many of you here are trading with successful traders? Because what happens when you find the smart money and not only do you have an order but you have a $400,000 share order that just got executed? Boom. Right up. That is what we call dark pools. And guess what? We're going to learn that in the trading room. So. The thing you got to remember previous data is not always indicative of the future and I think that's where a lot of people get in big mistake. They'll go out there and don't realize that, you know, if the stock drops $0.50, you do a short you know, on 500 shares is $2.50. On a thousand shares that's a lot of money. You know, if you do 500 a day $0.50 a day $500 you're talking a six figure salary. Who here doesn't want that job? But people don't look on making $0.50 they're looking to make $5 and $10 and you know three points, six points $0.50 little stinking cents. You just have to follow the money. And most importantly what you hear at Cybertrad University is you learn to always take a profit because if you don't like Andrea did when he had 3,000 shares and sold it at $0.55 he sold it at $9.42 if he didn't get out drop away to $49 you know which money of a loss that would have been for him? Huge. Always always take a profit Now the next biggest thing people always ask but Fausto I heard about indicators and I need this and that and could you tell me a little bit about these and how do they work? Let me tell you exactly what I was taught if you're a long-term investor then indicators work. If you're a day trader you're wasting your time. Who would you trust more the buyers or some lagging indicator? Because at the end of the day they're so damn confusing. It seems like everybody has an indicator, right? How many indicators did you learn? Did you learn just following the money? Wouldn't it be just easier to follow the orders are? Now I always get people asking me this. It's as Fausto I don't understand why more people don't talk about it? Why do people not go out there and talk about level 3 as much as I do? Because everyone is always pushing and talking about their indicators. You know why? Because they want you to buy their indicator. That's why. It's like a chef they all want you to buy their cookbook but for some reason when you bring the cookbook home it never always tastes the same than if you eat at the restaurant. Have you ever noticed that? It's like I try to make it and it never seems to be the same. Well, how about this? Don't buy the cookbook. Wouldn't it be nice to actually go there and if you really, really, really want to learn how to make that dish? And you'll do anything to do to learn that dish? Wouldn't it be nice if you could work and just sit there side by side and have him show you how to make it the right way? And what you're doing right and wrong? Well, now you're going to get the opportunity to do that exact thing but learning how to trade. Because at the end of the day, like I mentioned earlier, I am here to find committed traders that I could teach that could help us all find these iceberg orders so we all can make money together and make our $500,000 a day. Because that's all we're looking to do. So don't be confused. Keep it simple, guys. Go out there, learn how to play the game the right way. Don't make things complicated in what they are but let's make money together. Because like I said, the potential income, you buy a thousand shares, stock moves 50 cents, $500 a day, 20 trading days a month, $10,000 at the end of the month, you're talking the beautiful six-figure salary. Who here wants to do that? To make a nice six-figure salary. Do you ever thought about that? 50 cents a day, that's all it takes? 50 lousy little cents, that's it. So, getting right into it ladies and gentlemen because I want to wrap this up. I know we all got things to do. So my goal today was to spark your interest to show you that if you really like trading and if I taught you how simple it was, well now I want you to come in and I want to show you what it's all about. But you've got to remember everybody here needs a mentor. Think about it guys. Does anyone here have a mentor? Anyone here? We all had jobs before, right? We all went to school. I know you went to school because it was the law. Unfortunately in trading, there's no law. That's why a lot of people lose money in trading but we're going to be smarter than the rest of the people out there. Let's trade against the uneducated. Let's go out there and also let's just make sure that trading is for us or not. It's just so much cheaper to go out there and figure it out. And let me tell you, you know this better than me. You'll have more time to do anything you want to spend more time with your family, you are your own boss. You could do this anywhere in the world. It's not a full-time job. You know, you don't have to listen to people. You don't have to worry about employees and rent and regulations and you know, traffic. That's all gone. You can do this in your pajamas but you got to learn before you could earn. Don't waste the time. Enjoy your life. You work so hard. You don't want to go back to work. You know, you hear that are retired. How many of you guys who could honestly tell me that Social Security is definitely paying enough and if it's not paying you enough do you think there's anything left for me? So what do you think I'm doing? I'm working on my retirement right now. I'm putting a lot of money but I'm making it in the stock market. So that is basically what I'm looking to do. I'm looking for serious traders to teach you guys how to follow these big iceberg orders working together with my fellow traders and seeing if it's for you first and if it is you're going to see why Cybertrain University has been ranked one of the number one schools in the industry and secondly we do more education than any brokerage firm in the world. I mean any school the world. We deal with more brokerage firms than any other school. So what I'm looking to do is this and that's exactly right Frankie. I want you guys to come in in the original trading room. And this is what I want you to look at. Everyone here is going to be invited in this room and in this room ladies and gentlemen you're not going to look at me alright? Don't look at me. I'm just a coach I'm just a messenger what you want to look at is you want to look at the other traders and see if they're making money and judge them on their losers because we all know the reason why people don't worry about making money it's the losers we don't know how to control and look how they get in and out of their positions remember we're not batting a thousand alright? But we're doing pretty damn well and you'll see why like I just mentioned you could do all your homework you want you'll never find a school that's being featured with more broke for more brokerage firms than anyone in the industry because they know it works and that's what you have to look at you think these brokerage firms are going to showcase cyber trade diversity because they think it doesn't work you think they want to have a bad reputation these are billion dollar companies you know how hard it is to have a company like trade station to endure cyber trade diversity, tasty trade you know TD Ameritrade, Schwab Wiley wrote a book published a book for us they're very selective they'll write books for it because they know what we do works so this is what I'm looking to do everyone I'm looking for serious traders but to know that that you're a serious trader I need one thing from you I need to make sure that you're a real person because we do have a couple of hecklers we have some people that are trying to steal clients from us competitors and just jealous people so before we can let you in our trading room we're going to ask you to come up with $7 which by the way is fully guaranteed money back after seven days if you're not happy and what you're going to get is this you're going to get the first cybergroup room three daily market meetings a morning and afternoon watch list your old pest personal education advisor Q&A trading session and as a bonus if you're the first 20 people right now I will personally will give you a coaching class now think about it that sounds awfully cheap why would you do for $7 listen the $7 it means nothing to us that just proves to us that you're a real person we don't make money at $7 we actually lose money at $7 if you to call my office and talk to any one of my staff you're here in New York the law is $15 an hour believe me by the time I pay for the phone, the rent this and that I'm losing money I'm not looking for the $7 I'm looking to make several hundred dollars with you prove to me that you're a real person and I will show you and you'll get to meet and see why we are the number one school in today's industry and why we do more education for more brokerage firms than any other school and why we've been in business for 25 years if you want to stay after the 7 days regarding a recurring fee yes it would be $87 a month and if you don't want it no problem let us know we won't charge you for it but let me tell you this if I got you in any one of those stocks like TLRY $20 to $300 APDN NBEV these stocks are 2, 300, 400% trust me, you'd be like that's the cheapest $7 or it's $87 I've ever spent my life alright now a couple of, well you guys let me just go through a couple of shout outs really quick because I have a couple of you already registered first of all I'd like to thank it looks like Ken from Ken T from was this from Pompano Beach Florida just got your registration alright Bill from California just got your registration welcome aboard Roy from Corm New York just got your registration local right by here at the block from us Robert L from North Carolina Charlotte congratulations got your registration a couple of questions coming across here at what time is the chat room open each day great question the room opens up at 8 o'clock in the morning Eastern Standard Time we do most of our trades in the pre-market because that's the easiest way where to make your money and then the room's all the way up until 4 30 any afternoon the market closes a half hour because we like to trade after hours too depending some of the more advanced traders okay any other questions Frankie yes this is all online this is all online you don't have to come here to New York you don't have to worry about and spend the money it's a lot we've been we pioneered webinar technology for over 20 years and you know we used to do things on site and it's just got too expensive it's just so much convenient and cost effective all right Leslie from Chicago just got your registration Judy from New Mexico just got your registration welcome aboard all right guys listen it's $7 right what are you gonna get for $7 let me just go back what you're gonna get guys is you're gonna get three daily market meetings you just go glad you're in chairs okay so you're gonna get three daily market meetings you're gonna get a morning and afternoon watch list you're gonna get a Q&A you're gonna get your own education advisor you're gonna get workshops a tape reading workshop that I'm gonna give you listen why are we giving up way so much is because I want to make sure that you know when you're getting yourself involved in it's basically this is a the most lucrative best job in the world but a lot of you just can't figure it out come in there see why we're the you know we're the oldest running school in the industry and see how and not most importantly look at the traders and see if people actually make money doing this and then you can make a decision if you want to move forward it's only $7 remember it's just to prove to us you're a real person that's it did the SEC lower the rates requirement to trade yet thank you Scott I know that from what I heard the you know they're looking to pass that law you know President Trump did a meeting over here in New York and spoke to a couple of brokerage firms regarding it and they think they're gonna get rid of that rule that rule came out back in 2000 with the crash of 2000 honestly it's like a discriminating to day traders so I know they're gonna probably get rid of it so with that we also see level three bill yes you do we also see level three live we actually showcase the trade station platform because they have a very good platform that aggregates a lot of the a lot of the ECNs out there I just showed you one there's six of them out there so it's nice to know aggregated so you can see you can see because you might not see on one it might you know a big hedge fund might be putting it on another ECN out there okay now this is a very question and he's asking me what's the minimum amount of money we need to trade and why are you worrying about how much money you need okay don't worry about there's plenty of money out there you got seven dollars that's how much money you need to trade seven dollars all right and then we'll worry about everything else don't worry about who had open a brokerage account who's got the cheapest tickets how much do I need seven dollars you go in there you see the facts when we talk over the phone all right how about that don't worry about the money all right who provides level three quotes once again I didn't get your registration yet Ken but a lot of brokerage firms do offer it and when you register you will see in the trading room listen I personally am not going to tell you where to buy it I don't want you to go buy it because honestly you're going to do more harm than good when I'm telling you about driving a car oh did you know you could buy your own car and they're like yeah great where do I buy it if I was a parent we think what would happen if I gave the keys to my child probably kill himself I got to teach him how to drive first let me show you how it works and then you'll worry about where to buy it that's the least of your problems let me see all right a couple other people just registered right now Tony S from Oregon just got your registration welcome to the team look forward to talking to you and once we got here just registered Curtis just got your registration from Memphis Minnesota all right good good good any other you're more than welcome Scott Scott did you register like I told you I didn't see you registered yet listen Scott I know you want to do this everybody wants to do it I know you probably a lot of me attended so many webinars and you know and listen I can't speak for people out there of my competitors but do you notice they're always trying to sell you oh buy my buy this buy that you know they like crazy Eddie if you remember him electronic silver listen I'm not playing that game I am looking for people that want to learn how to trade okay that want to do this so want to spend more you know that can do it on their part sign that know that they can do it it's not hard but you're not going to be good at it unless you surround yourself with great traders it's anything else we've all you know some of you work for some of the biggest corporations in the world why are you working in a great corporation why don't you go work for a shit corporation you know it's a very bold way of explaining it but you know why you're there because that's where the money is and those guys and obviously they're the best of what they do you know and that's what you have to do when it comes to trading this is not a one-man dance you got to remember that all right all right guys so with that said there's still a lot of you registering right now so like I said the lines will be open if you can't register online you can always call us up on the number on the screen and we'll be feel free to you can talk to the education advisor get to know a little about it but let me just leave everybody off with something very important to go into trading guys you got to learn before you could earn and you might not like the way I look maybe you don't like the beard the gray hair I'm looking at you know the New York accent they talk too fast I get it okay but you know you don't have to like someone you got to respect somebody it's somebody's making money you got to learn from that person but you got to learn from someone so please don't go out there and think that oh I just saw a thousand video and you know and let me I'm going to go out there and try it this and that look at his YouTube videos that's not going to make you money you got to see the facts and if it's not me you got to learn from somebody else and I know some of you guys have learned from other people and you might not like the idea you might have to go look somewhere else it's okay you know people leave schools all the time to go to another school some people change professors all the time because they like that professor you know you still want to learn that course if we do with it every day so you got to learn before you are to go out there and learn but remember you can't just learn from one person you can learn from several different people and you don't have to spend a lot of money to do it but eventually you might have to but you got to start somewhere I know it's kind of scary in the beginning I know it's kind of hard to kind of make that first initial setup some of you might even feel like feel intimidated and think like I don't really know what I'm doing I'm scared this and that well you should be damn scared because you got money out there and you're just letting it do what it's doing knowing what you're getting yourself involved in so learn what the truth is learn my role here and then you make a decision at the end of the week and I'm telling you right now it's not a matter if it's a matter of when you're going to start doing it because at the end of the day you're all going to be trading your own money just the ends are coming down to that but you got to learn how to earn guys thank you so much like to thank the staff CTO like to thank our partners for being here and helping to make this a very successful event I look forward to seeing you all in the in the trading room just one very important thing I forgot to mention when you do register you do have to activate your trial you're going to talk to an education advisor he's going to do a full walkthrough of a orientation of what you're going to hear a lot of you you know I don't want you guys to get confused make sure you do that and then you'll be able to get into the room just very important when you're in that trading room do you're not there to trade you're not there to make money you had to look listen and learn all you need to do with that said thanks guys for being here and see you all in the trading room bye bye