 All right sabre traders welcome on back here this Thursday afternoon on February 9th shortly after 2 30 p.m Eastern time, let's see if we can get the webcam up and running working for today and Shoot not working in the trading room. I don't know what's going on here folks, but I got to figure it out I didn't do it yesterday afternoon. I know I was good to go at least just before on our audio broadcast on YouTube earlier But not so much now. I'm just trying right here I know that everybody could hear me and see my screen. We're good to go on both of those fronts, but What the hell's going on here? I got to figure this out They're good to go in the morning at least myself and Fausto on our YouTube channel Just join us right there youtube.com forward slash cyber trading you But nevertheless, we are good to go. We don't need to see my ugly mug to talk about this HPCO trade You know, there's actually a couple of things I wanted to go over with this HPCO to begin folks Really quickly. Just you know, this just goes for any trade literally any stock we call out put on our list Etc, but two things a We don't buy or sell a stock directly because news comes out You know just because the stock has good earnings doesn't mean it's gonna run up right away after the market opened up We learned that on uber yesterday it tanked right away Then it bounced we got you know really good money on the bounce the opportunity But it's just to say on top of that. Well You know, we don't need news to come out in order for a stock to move up And if there's like relatively silly news for a stock and it's running We don't necessarily care what we really care a lot more about is, you know The levels that the stock is trading within and if it gives us an opportunity to see a break through a big level So, why do I bring this team? Well HPCO just it's up like 378 percent 380 percent right now and there still could be more life left to it So you might wonder well, hey, why is this stock up so much? So I checked Benzinga pro earlier with Fausto add a like triple take and it sounds so silly event of a headline Like I almost thought that he'd be like come on. What are you looking at Josh? No, seriously, so this is actually from last Friday back on February 3rd But it's the last headline I got checking all over last headline here Hempako, which is HPCO and Snoop Dogg Create a joint venture to launch a hemp and hemp derived products That's just the news that came out. That was from Friday February 3rd at 7 30 Eastern in the morning Obviously didn't lead to a good move then, you know, it's kind of like the the funds. You had to hit the jukebox You know just on that show some ended up leading to a big squeeze up this morning And obviously obviously gave us a lot of life on this trade across the whole day I mean to the point where I was looking for a bounce or a pullback I should say just earlier it ran up. I missed this pop and I came back to my desk late So I'm looking for a bouncer at this point off of support and I was looking for 325 Let alone three even but I was thinking higher from 325 didn't even give me that it ended up breaking above resistance Again off of 350 and I say again because just from what we go over in class and traders talk each and every week Coaching otherwise, you know the more times that it snips above 350 snips above resistance You'd like to think eventually you'll get a more conclusive move So saying that ended up leading to a phenomenal pop where I just jumped right in over 350 led to a great squeeze up towards four I'm not necessarily a scalper. It's not my cup of tea. I kind of joked about it earlier I thought it was a funny way of freezing it, but my trading personality is pretty much right in between You know what would I say my my cup of tea is not in my my personality is directly in between scalping and Watching the paint dry. So, you know, I'm not really trying to scalp I'm not really trying to hold on to a trade all throughout the entire day. I'll take what I can get I'll play by my levels. So with saying that it was up already on the afternoon a lot of over 400% at that point I Didn't chase it. I just got in late on on the on the run up late to the party But still able to grab a good piece of the pie so no better place to get out than the next major resistance right off of four Just a moment ago. I know it popped up a little bit higher, but ended up pulling right back down Now at this point still shaking around that 350. So let's bring up book map Let's bring up level four while we're at it. I don't get to show my ugly mug But we get to show a little book map here. So Yeah, right now it's been holding around that 350 level across the afternoon The second time I broke under it and back over but it could only do that so many times So I'm becoming pretty reluctant on trading this I hope it ends up either slamming down really fast and then snapping back up which honestly I don't know if it's as likely of a scenario Otherwise, I would just want it to hold here and the more times they test support test support It's eventually gonna break under it. So that's where you got to be extremely careful at that point going into the afternoon All right, so hey for right now I'll put this on our watch list at least to start the HPCO trade and we'll give it a look But you know what we'll just do is go from top to bottom Otherwise folks I have a three o'clock appointment with one of our students coach and call We'll have to see what we could trade going into the close, but let's start right from the top With the HPCO obviously there CSII I thought this was a buyout. No burnings plus buyout Either way just really flat right now. It looks like it All right WLDS one of our trial members was kind of asking about this earlier and you know Hey, I got to say this. I am that guy and Fausto is too because you know That's the purpose of being an instructor. We're trying to have everyone's backs here, especially new members joining us Unless if you're already a consistently profitable day trader of stocks We wouldn't want new trial members joining us for the week trial to be actively trading with us here I'm sure folks may not like to hear that but we don't want you to risk any money or lose any money Nevertheless, so if you're experienced as a day trader already and then consistently profitable Experience does not mean Consistently profitable right a lot of people could it could be experienced No, it's just to say that we want to make sure that you don't get sucked into a bad trade So just before you know when this was moving back up even in the afternoon. I Was calling it out off of a dollar saying hey It's moving back up to a dollar big whole number level so for it to break under that as support earlier It should be resistance at this point But the more times it could snip above it snip above it then we can have that better more momentum based you know chance I mean just like we saw before on the HPCO so now at this stage. It's just been really flat It's not really making any respectable move only looks like it's gonna try and fill the gap more here, but Yeah, let's just see what else we got No, this has a little life to it for right now going into the afternoon. I mean Up about 42% This SRZN ended up having a nice pop over a dollar earlier It didn't necessarily pull back to exactly a dollar to test as support But just held off the lows really well and you could see here You know pretty much going into this meeting trying to push back up above 110 So for right now, I don't mind putting this on our side list and perhaps even on our main list at the end Just want to check it out. Just by the end of it all Keep going here folks. These are my favorite days by the way This exact type of day is my favorite type of day as an instructor not as much as a trader I mean granted. It was a really good day today I mean from bottom from top to bottom But the fact that the markets are sinking lower and lower into the afternoon. I Love proving this point. We just talked about it before in the HPCO But that you know just because the markets are dropping doesn't mean that it's like not a good opportunity to make money There's gonna be stocks that go against the grain that you know make moves on their own accord off of their own news Whatever the hell it is like Snoop Dogg and HPCO whatever it ended up making a huge run up though So if you're that pessimistic where the markets are dropping and you feel that you can't make money Honestly, think again to take a hard look at this trade here, right? there's plenty of room to make money and You know, I always love proving that point here, especially on days where the markets are a straight dart on the way down here actually SLQT another one from earlier. Actually, it's not looking as good now Maybe but you know one from earlier also same deal didn't you know run up as much when the market was dropping faster They're going into the afternoon But you know nevertheless great continued move up from from Tuesday this week ended up popping on Tuesday from a dollar up To $1.50 then obviously today after a kind of a breather day ended up running up much higher today So no nice run for the SLQT. There was the other one really quickly SQL We thought those were gonna be like kind of related but obviously there they're not now at this point I just didn't really recognize this one even up until now. I didn't think of it. I was like, oh, let's see what this one's up to but Obviously a tail of two different trades, right? All right, let's see what else we got though in the meantime here I mean jeez there's just a bunch of different stocks that are like up big in pre-market that could still be trying to make a Small move here now at this point The mark from earlier now at this point not looking as healthy But you know popped at the open popped heading into the late morning tried popping up going into the mid-afternoon but failed so, you know, this was a great trade back from earlier this week and even the end of last but You know eventually it's got to take a breather and you could say that on any trade But that's where right now at this point in the day 230 afternoon meeting time with me Now you want to follow the stock that's near the highs You don't want to try and you know look for a bounce on a stock that's near the lows and less of it It's like really volatile down big like huge That's a different story like the you trade right now. I don't really have much business on the stock It's tradable. Don't get me wrong. You know $40 stock bit of a spread here and there, but tolerable It's technically tradable, but there's no need for me to have any interest in this trade right now You know, it's if it was much closer to the highs different story Is a possible short maybe but it's up 11% for a reason So I'm not really too thrilled with trying to short it right now. There's probably better shorts It's all about logic folks It's all about logic like earlier I had a private chat with one of our students and I loved the question because We'll get to the stock coming up but a firm AFRM You know that that we're not looking for a dead cap bounce on coming up bad earnings there, aren't they? So, you know, that's not why we had them on the pre-market watch list at least initially IQ's been a great trade and just on the way up the last month and a half We followed them as they made the break over seven here like last week and you know, it's been holding well actually since so You know, this could be a good sideless stock to follow perhaps if the markets make a good bounce if not today You know tomorrow perhaps next week Definitely keep this on your radar this IQ, but Let's see what else we got though. Probably find more on the loser side Right, so that's usually what I say on days like this one up or down either way Find more on the loser side right now at this point All right, apps apps ended up making a nice drop this morning after like heavy consolidation Big shakes around that 13 level seemingly then broke lower. So, yeah, I mean, this could actually be a pretty good short It's pretty close to the lows of the day, right much like we want to stock on the gainer side at the high So, uh, yeah, I mean for right now, I don't mind just slipping this on our list We only have two stocks now on our main list Hpco and the apps See what else we got here. Viru, you know familiar name, you know, it could be a short it is shortable on trade station at least I just I like the apps trade even more PRPL you can see the same thing on that I just want to cherry pick see what looks the best right now a firm from this morning We had talked about so popped up at first but a head fake right off the 14 level a little shake around there Probably had a bunch of just shorting off the ask at 14 early in pre market Just that shoot from the hip right there But just obviously led to a head fake and a huge reaction afterwards Exactly what you would want to see, you know, normally for a stock coming off good earnings You'd prefer a bounce in a run up Not normally for a stock coming off bad earnings vice versa So I made the head fake and then pulled back led to a great short But yeah at this point right now kind of more washed up at this point It's not down enough for me to look for a dead cap balance and I wish it was just at the lows for a short So I think we're done with this trade for today All right, so I'll tell you there's definitely a lot more stocks that are down because you know I'm looking at the losers list number like 50 or 45 is down like 12 percent So there's a lot more that's down and a lot more that could be shortable at least following the market So that's where I'll need some help folks for Leda and wendy and all of our students inside our live trading room Let me know if there's anything that you'd want me to look at And then obviously vice versa for uh, or the same to be said I should say for all of a sudden youtube and facebook live or social streams Market is down, but tesla is booming. I haven't checked in on that this afternoon I it's holding well I mean from the morning it took off really nicely so more of a morning move that is if the markets make a subtle bounce Perhaps this can make a much better play right that could be a nice thing to think of Uh, you know, it's a good stock to put on your side list or your main list if you do well on it Normally, it's just pretty expensive right now if it was at the highs, I'd be more keen to follow it I'd be more inclined to follow that single stack etf there t sll Which basically replicates tesla, right G son took a dump says james. Uh, yeah, it sure did I mean we were talking about this off the three level But it was off of 280 before it ended up running up towards three So no, it was kind of chopping around the vwap going into the late morning early afternoon And it was right off of 280 282 from that point led to an ice re break an entry good move, but obviously failed to Failed to run up higher didn't it? So, you know as hopeful as I was to see that at this time today It just goes to what we always talk about every single day when a stock makes a move through a big level We should see a big move shortly after we started to we were off to a great start from there from that 280 but once the Once the foot's taken off the gas pedal That's where this can take a you know move the other way So ended up pulling back and you know for as much as it held around that 280 already. It's kind of like Make it's move up or make it's move down. He can't just chop around that level any longer So ended up completely pulling back below the vwap and that was game over james. Unfortunately on this trip From scott asking about the kprx. Let's take a look. Yeah, it's making a nice move back up, isn't it? Isn't it there that's a good call, you know, it's it's thinning out so be careful on the order book You know, you knew I'd say that but it's one that we've had our eyes on from the last three days now It was a dud back on tuesday off a phase two clinical trial news ended up making the perfect type of run that we wanted yesterday And it's still showing pretty good strength. So for right now, I'll put this back on our list Definitely good call for right now from scott Be careful on that order book actually really quick. I have level four up for this trade. So I'm not gonna act as if I don't so let me bring this up here I broke back over the vwap right here in white and you know very similar to what I just said on the g-sun trade It's like kind of makers move now or Forever hold your piece, right? Like this can make a head fake and snap right back down below the vwap and tank so Just be careful in that regard But we were looking for this to make the move up higher towards the near 18 000 shares at eight bucks Ron says can't trade that ETF on trade station. Oh, they lock it after you. I didn't even know that That was just kind of a Quick thought right there for Iran, but if that's the case, I guess you'll lower the share account Just trade the regular tesla if that's the case Uh, we're gonna go back to one stock, right? We said one stock we jumped back to s rzn, right? Well, it's kind of holding here pretty nicely And this is my perfect type of order book two for a dollar stock just really Liquid consistently tight spread since we started to watch it from the beginning of this meeting So yeah s rzn. I'll put on our main list. All right folks I think that will wrap things up here for us right now later saying here lastly or neo doing a nosedive testing support won't pull markets doing a nosedive and neo certainly now is dropping off pretty nicely But it's only down like 1% so good side of the stock But it's getting to the point where it's becoming just a slower and slower trade I've said that for a little while now. There's gonna be a point where if neo drops off a lot more It's going to be just like x to me. It's going to be one of those that we just kind of move on from There's going to be other stocks to trade. You know carvana has been a lot more volatile of late You know, I don't think that we could short that so that would be a nice move if you were able to do that But yeah, I mean otherwise there's always going to be a new flavor of the week or a new flavor of the month ultimately All right, folks So hey for all of a sudden social media facebook live youtube linkedin and twitter Hey, be a friend tell a friend make sure that make sure to follow us on youtube That is youtube forward youtube.com forward slash cyber trading you And then that way you'll be able to know when we're going live when we're streaming when we're doing all of our meetings And whatnot do you have any questions before that just make sure to send over a quick email josh C2 trading com And then if you're interested in taking the next step joining us inside our live trading room Just go right down to the link on the green banner below the stream right there to get yourself set up I'm gonna try and jump back on youtube later on today at 3 30 I got a coaching call with one of our students coming up at the top of the hour And i'll try and get my damn webcam working. I don't know what's happening there I had that from the morning with Fausto things were good to go. So it's got to be some stupid setting I'm not realizing there, but we'll try and get everything back up and running by 3 30 Take us going to the market close at least for all of us there inside the live trading room You'll have rich on the mic going into 3 o'clock. So best of luck trading folks going into the close And i'll talk to everybody coming up soon. I'll be in the chat board at least all throughout the day. Take care