 All right, folks, we are back. Welcome on back here. If you joined us from earlier this morning, but welcome aboard perhaps to any of our new attendees or new trial members joining us inside our live trading room here for another fantastic edition of our Traders Talk workshop this December 5th still. Great to see all of us here back inside our live trading room. We got Eric Hank, got Michael, got Roseanne, George Richard, got Ravina, got Charles, John, Ray, Roger, Kathleen, got a pair of Alex Pease, got SoPros, one of our new trial members joining us here a bunch more of course, just a full house once again this Tuesday morning, great to have all of us back there or otherwise just once again on YouTube perhaps at Cyber Trading You and perhaps those of us that are new here to the streams or inside our live trading room allow me to introduce myself. My name is Josh Levitin, I'm a thousands senior instructor here at Cyber Trading You right there. Just hey, if you're not subscribed yet, be a friend, tell a friend just on YouTube, Facebook Live, LinkedIn, et cetera, et cetera on top. We go live every morning, but you know typically every Tuesday we hop on here during the late morning time shortly after 11 AM, do a live workshop, more Q and A based and really breaking down the X's and O's, right? I mean, hey, even if you're not inside our live trading room let's just say you're on your own and just kind of trading just solo. You know how hard it is to like focus on more than one thing outside of just the position that you're in, you know, if you're so focused on your position you know how hard it is to focus on like anything else. Let's say you get a phone call, let's say you get a knock on the door let's say anything happens, right? Well, that's where I say inside our live trading room at 9.30 in the morning when the market opens, ding, ding, ding and we're on the mic doing the audio commentary myself and Fausto, we're not teaching. We don't have the time to teach, we can't break down the X's and O's when the market is moving as quickly as it is. We're trading, we're trying to make intelligent decisions real time. Now we have a little bit better of a chance to kind of go back on the chart from earlier, go back in hindsight from this morning and really put this under a microscope and go through the real X's and O's. So with that actually, just as we do hear every week in Trader's Talk we tend to focus on the stocks that are mainly on our morning watch list right as the market's opening up. But I'd ask this poll question before we started, sent it out like 20 minutes ago inside our live trading room before the market opened up this morning which stock were you most interested in trading for the day? There's no curve ball question behind that folks. There's no second indirect question. Take that word forward, before the market opened what stock were you most interested in trading? Hey, that doesn't mean that you were trading pre-market it means that going into the next four and a half to five hours what are you most looking forward to follow? So we already answered, looks like most of us did say the CMND trade. And then shortly behind that you had NEO both of which are on the main list already. And then hey, you got a bunch of us that are interested although they weren't on the main list, they're definitely on our side list now pretty much every day whether it's Wright or Mara, whether it's Coinbase or even nowadays CLSK we have been on pretty early here at CybertradingU. Obviously we had the large cap stocks that we could focus on personally I missed out on Tesla after 10 a.m. had a big pop in the market, really nice move but personally I missed out on Tesla meanwhile students like Gary and I think John I don't wanna or maybe it was Alex and it was Alex and Gary that both had the Tesla trade there together inside our live trading room and then on top of that, hey, AMD Apple et cetera. So there was a lot to consider but here inside our live trading room not only do we have our meetings we do the watch lists but we teach you in class like, hey, how do you prioritize everything that's out there just a group of two stocks maybe or maybe at most three and then from there, you know, hey, where are the iceberg levels for the trades that you're looking at? Where are the key levels on the chart? So we'll get to NIO here in just a little bit. NIO, this was one that I took the time to plot and line up. I said this in the morning meeting if you were following along. I love NIO, haven't traded it in a long time it's been slow, stagnant, not worth the time but coming off good earnings they had good earnings they I think issued guidance so how could you not consider NIO heading into the open? It's relatively cheap it has a great order of books some might say it's even too liquid at times still but it was coming off news and we were hopeful for a better pop we'll get to that one in just a moment CLSK and Maris as Alex P inside our live chat we'll get to those as well in just a moment but CMND, hey, you folks said here this was the one that the majority of us were interested in leading into the open rightfully so not only was it on our list but let me ask us here really quick I gotta go through my P's and Q's I gotta go through my whole process here across my T's dot my I's it is what's the trend of this stock going into the market open? Not only is the stock up percentage wise folks but that's not the question I'm asking what's the actual trend of this stock across the 30 minutes prior to the opening bell? What's the trend? The 30 minutes prior to the opening bell not trying to toss a curve ball here at you again you know you say up if you wanna say flat you know looking at like from like nine 10 Eastern onward you know more flat 20 minutes before none of us are saying down right just point being that's the point no one here in our chat Margaret, Eric, Regina, Danny, Larry, Alex all of us here are the one none of us said down so hey let me ask us when a stock is more so on the upswing what color are we seeing more on time in sales? We talked about this just all last week in my book map staged and ready here for this CMND trade just in a moment I had it set for Neo and Mara et cetera but we'll get to this here first so we're expecting green on time in sales including trial members like SOPROS here great to see and absolutely right that's what we just teach in phase one of our stock course all right so notice at first just before we even dig into the heat map before we dig into level four generally speaking five dollars held as support and you know specifically we'll go with like 492 as like a little chart bottom right there you know after that initial pop easy to say that like 492 is a pretty clear chart support when you focus on volume liquidity focus on 50 cent levels whole numbers for a cheapy like this so for like a four or five dollar stock yeah you're looking at like five, five, 50, six et cetera the more it pushes up then we'll continue but yeah I mean you could just see here first test best test we said that in pre-market we were watching that live and said that well the more times it does press up against it in a shorter concentration as we always talk here in traders talk that's your better move now just to be very pristine on top of this we're not taking pre-market trades like after 9, 10, 9, 15 in the morning if you think that's the first time I've said that here wrong we say that pretty much every week here you want to get out of your pre-market trades by that time I mean if it's really pushing up or if you're in from a sweet entry price and you're hanging it that's different but I'm not trying to enter trades right before the open I know one of our students Chuck got out on one of his trades I think it was yesterday if I'm not mistaken Chuck it was like just a really clean exit maybe it was like five or six minutes before the opening bell still took the money and ran you're not trying to get in positions around this time now I will say the more it presses up against six after the market opens that is where I'm definitely looking for a better entry a better reaction off that $6 price now hey when the market opens what are we namely doing here? Grant, Eric, Alex, Michael, Ravina, Danny all of our students in the phase one course right at 9.30 are we jumping into trades right then and there? Nope, Alex and Margaret both saying we five minutes Danny saying watch only absolutely my friends great answer and hey actually let's just roll one question into another in the time that we're waiting is there something that we could be doing right at 9.30 or the first couple of minutes after 9.30? So there's something that we could be plotting on our chart perhaps we talked about this in class there's something that pops up right at 9.30 pretty much for every single trade Alex and Sam who are here pretty much routinely every week Ravina and Roger as well yeah the opening bell print you know the open price right when the market opens up for the stock so let's actually just dig into book mat first we'll go into like where the icebergs actually were you know we said 50 cent levels whole numbers but those are assumed levels is there anything that could really dictate a clear support clear resistance and again keyword is clear because you got a bunch of tiny that pops up and they disappear you know very local short-term ladders maybe but that has no significance to me when it comes to creating a clear level to work off of so you know you got the pre-market high which was holding pretty nicely after here but as far as icebergs go five dollars again that's a level already is there anything above here up top not really looking under size there's nothing under there's nothing greater than 10,000 shares there's no five-digit you know order size there and even that that wouldn't necessarily create a level here well hey this actually did create the chart level that we saw just before look at this right we said this at 492 15,000 shares that popped up on the on the ask here it broke over that price over time and hey support or resistance should initially look to become support and it did that so this chart support at 492 493 was actually created based off this sell order that was on the order book so get a load of that that's pretty interesting to see now again though there wasn't anything that's on here otherwise that I would find interesting it's really just what we saw already and the 50 cent level whole number plan now the market opens up let's take a look here because I probably got to refilter my dots yeah there you go look at that take a look all right is there anything wow hold up need to go back a little bit more a little bit more there we go still oh my goodness there isn't anything over 20,000 shares that pops up here on this here we go and this is the opening bell print it's not large but about 14,000 shares that pops up at the price 586 this is your opening bell print now this is not too surprising I mean the smaller it gets that definitely is more surprising but for a stock like this that trades next to no volume on a day to day basis I kid you not we may have actually used this as an example just yesterday or not yesterday last week in traders talk when it comes to like a stock that trades no volume look at this 20,000 shares 38,000 shares 25,000 shares on this just given day it's telling you that there's no one trading the stock on a routine basis so normally for a much more liquid stock you're going to see this dot be a lot larger either way this does create a level to work off of you know look at the size of the orders on the buy and sell here both nothing really that large 5,000, 7,000, 6,700 here so in the grand scheme of that this 14,000 at 586 is actually still pretty significant let's just plot that there and then we'll kind of peel back this and just show what happened right so we had our pop and drop now after the first five minutes what did happen though well it ended up popping off of six and although it broke under six here for a small bit under and over so in terms of just focusing in on the $6 price you wait the first three to five minutes after the market opens big swings we're not trading there hey we're not trading that those giant wicks but shortly after 935 you do want to consider your first entry hey if you were able to get in right before this candle started or as it did perhaps that could have led to the entry from six otherwise though when it pulls back yes it breaks under the price well it doesn't drop much lower and then shortly after the next candle from there it pops back up and it makes that at least better move at the time you know one more little jolt up to try and break higher then it pulled back now with that let me just plot the opening bell print that was that 14k transaction at 586 I'm not going to do this every time going forward but what I will do here since we came off our classes just this past week let me just go back into the actual time in sales and you know just show you that actual transaction that popped up on the tape it wasn't really like you know large as large as what we typically see let's see is it going to show yeah there we go you know 14,000 at 586 so hey why is this so important guys and gals well it's to say that this ended up creating actually a better level than the $6 price captain hindsight here but just to say hey this broke below six but why did it not break lower at the time well because this was used as a complementary level of support in fact it was the better support to where it pushed back up again right so hey I bring this up for the reason not just that it held there but I got to ask for Revena, Phil, Mark I got a trio of Marks joining us here and Sam and Danny and Margaret, John, all of us just simply put what is like our whole mantra at Cybertrading University what's our whole mantra what is Fausto teaching is like freebie webinars he does every week you know it's obviously to you know cut your losses you want to set your stops tight but generally speaking what's our whole mantra here at Cybertrading U well I love learn before you earn great answer from Revena inside our chat board that gets full credit too I love that but otherwise follow the money follow the big money right okay well you know hey this did create a pretty strong level and this isn't the first time we're having this conversation is it we do this every singular week here in Traders Talk as well as of course in our main curriculum now unfortunately the same result happened over time right this thing tanked over time well hey let's ask from 9.30 to the time 9.50 that's you know 20 minutes after the market opens up 9.30 to 9.50 in the morning that is those volume bars that you see just the simple basic volume bars are they increasing in size or are they decreasing in size you tell me the increasing in size or decreasing in size again no curveball questions this episode right at all just simple ones here right decreasing consider that to be like having your foot taken off the gas pedal consider that to be like what happens when the fuel is running out in the gas tank for a stock like CMND that popped up already we're hopeful to see it go hey what time is reversal time normally well 10 15 10 30 so as it's holding the opening print popping back up how could you not think okay well they should definitely look to pop higher especially after like the craziest days that it's had the last week or so look at this candle back from Thursday it was last week I think you know bad drop but you know if it could remain above those prices maybe we could see another pop the the type of move that it had back in like mid-October so you do want to be hopeful you do want to say hey this is prime time here let's get higher loads let's get this to get halted even why not what happens when it doesn't what happens when you see a distinct drop off in the volume traded minute by minute by minute and even though it picked up here a little bit well look look at the candle because it broke down so I'm more selling on that candle there so you're really seeing a lack of upward momentum and the end result is the same every time just a big drop so do we want to be held liable do we want to get caught slipping do we want to not have your stop said do we want to just you know only be optimistic and be hopeful oh it's gonna pop no what happens when when you know the foot's taken off the gas pedal that's where we got to see this thing begin to roll over or pull back harder at least so I don't know maybe this thing can pop back up over time but until it at least reflips that 586 to $6 area into support like it's both of these now both of these act as a range of resistance and if it could blast above it and then hold above that as support then there's a better chance to see this try and make the move we were hopeful to see earlier that's all simple as that so you know that's the cmnd move folks just let me know if you have any follow-up questions on that one I have some questions that came in from email and private chat just earlier I don't want to skip those we're gonna get to those in just a bit I do want to just jump to neo next and IO so I took a loss on this earlier and you know it is but it is just ended up one second here I don't know what happens here my volume bar is just skewed out there suddenly I don't know what the heck just happened there just one moment that was very odd looking I was just looking at my volume bar it's like whoa that looks pretty different there we go same result either way the stock dropped and I took a loss but why how you know what was the entry process well again you could just see here it did pop at the open but the first minute I'm not jumping in trust me if I you know was gonna jump in right there then I'd advocate for you to jump in right there and I didn't so you know at first it pulled back and this did become a little support where in hindsight maybe I could have taken it right there I still waited the first full five minutes I'm holding myself you know true to those rules so I did not jump in right there and I bought option calls on it compared to actually trading the equity I loaded up on option calls and then I got stopped out just probably about like two minutes afterwards so and I took the 750 calls meaning that like they were in the money already I was waiting for this to try and pop over like this little peak here and I had a decent shot nice little entry to begin but as you could see at least on this chart I'll show a book map in a moment but this didn't make the move up to eight dollars it didn't touch eight it didn't kiss eight didn't break over it I was expecting it too so you might ask like why did you not get out well hey once again for Grant Danny Alex Larry Michael Gravina Kathleen Alada got all of us here joining us another Josh catchphrase I gotta do it you know I gotta go through the greatest hits here every week but when a stock breaks through a big level what are we getting shortly after what are we getting shortly after breaks over a big resistance level even like this one even like this like popped over but you know from the time I jumped in which was we'll say in coordinates with the chart around the price 776 777 we're still expecting a big move shortly after it is prime time trading folks we are expecting a run a big pop-up perhaps now Neil Beat earnings they had guidance so why not expect this to at least test eight give me the test give me the false breakout and then maybe I'll sell right didn't even give me that so if you ask like well why do you waste the profit like that well I expected more it wasn't greedy for me to think that way it was very intelligent for me to think that way but if you don't get what you want then the same result happens and you have to get out either break even or you take a very very small loss so I got out it was like a couple pennies a few pennies under my entry on the premium price was like a 3 cent loss on the premium so you know that does count in as far as like saying like it was like a 40-50 dollar loss I took but otherwise look at what happened after it bounced back up I'm not even focused on that let's focus on the sharper drop off after so I'm not trying to hold on to a losing trade or a stock that isn't going to make its big push if you were with me in the morning meeting just something I'll reiterate I just briefly mentioned it before it actually worked out here but for these morning earnings I don't know about you but I've been noticing a lot of these companies that report their earnings in pre-market unless if they're popping up 20 percent 15 percent they're not really holding too well like this was up 3 percent 4 percent pre-market that's not a whole lot for an for an earnings beat plus guidance you know what I mean you typically see better so that was a red flag to me go back in the morning meeting you'll hear me say that I'm still hopeful I told you that too so I took the damn trade didn't give me what I wanted got stopped out I didn't try it again after it looks like it made a tiny bounce I told you run for the hills after and you know for the most part it was for the better to do that maybe you could have scalped it for a little trade there and I think Chuck one of our students caught the stock here for like 28 30 cents so you could have had a bounce but otherwise it didn't give you what you wanted after and you know there are other trades out there to take that's it as I spill water all over my shoulder Damon saying a great bug bear will eat your lunch oh yeah take a look at what we had on what was it the crazy one just to show for a second NRSN from pre-market right you know this was up big off of some sort of I think it was even like cocaine addiction drug news which is you know something I don't hear too frequent popped up pre-market popped up after hours even last night there's got to be more news out on this for this stock to be down 24% now it's had a crazy move looking at the daily chart from like 50 or 70 cents up to $1.50 but truth be told like we see that in one day we see that in like one hour so that's not all that impressive is there any other news out on this NRSN trade here yeah I don't have any other headline aside from the one that came out just yesterday in the after hours then reiterating it this morning and pray so just another good example Damon right the great bear bug will eat your lunch well if you don't get if you don't get out ahead of time on this type of trade especially I cannot stress this enough in pre-market right where you can't set stops so you know you got to really make sure you're using a manual like exit like just you know use a limit order you got to hit sell you can't use market orders you can't use stops right in pre-market so look at this this thing got crushed at the eight o'clock move that's just a very easy example to kind of illustrate there all right so I wanted to go over at least those two the one that was the most popular answer which was the CM&D honestly I wasn't as like prepared to go over that right at the top I was more looking at Neo so we went through the one that you that you folks picked the most went through my Neo trade there what else we can go over hood for a second then I want to dip into emails and questions so you know we always tell you hey not only should you look to prepare before the market opens and set your levels before the market opens you know for the two or three stocks that you're inclined to follow we also tell you to stick with the list so hey CM&D Neo both on the list boom now though again Robin hood was a stock back from like in the last week that we were calling out and it popped a little here moved up a little there wasn't the best though like it was a little lack luster each of those days I'll tell you the more that it does move up over time I'm I'm sure I'm certain that more people will catch on that will make a better day trade move for us to capitalize on so that's been the case with Robin hood back from last week a couple moves here and there not like the best day trades but it's been a great swing well hey this was up a little bit pre-market it didn't make the morning watch list per se but otherwise I had my levels plotted on this one too this is really just more about the ten dollar level and on this trade I ended up buying option calls on this as well so notice that well let me zoom out I don't know why did that after hours yesterday it moved right up to ten dollars touched it kissed it right there perfect well hey the fact that it actually touched it and kissed it there had to have been you know even if it was a fractional amount there had to have been at least some semblance of buying at that price okay well that buying plus the buying that we had here eight o'clock or shortly after it touched ten again then pulled back well again the name of the game is not just nipping and knowing at a level but it's nipping and knowing at it in a shorter time frame which is smaller concentration so even here at the market open after the first five minutes it moved up pop and drop it was hands off there at the time so now at this point it pulls back and it begins to move back up towards ten my eyes were on neo during this consolidation my eyes were on I think even palantir just moving around and then on my book map I'm moving I'm moving on my book map I turn back to a hood and it's moving back up to ten bucks so I'm like okay well here we go this could be what I was looking for originally the more times it tests that level in a shorter concentration we should be getting that better move so here after the open we had 169 thousand shares that were roughly on the s there so if that's not large really you know what is so from there it made the false breakout even again on the next test of it which was about 20 minutes after the fact a little bit more even like 25 minutes after well they get a little nipping up pop and drop but the more times it does it from here in a smaller concentration that's where we're expecting that better more reactionary move whether it's the ultimate head fake and it completely craps out the other way or that hopeful you know pop so obviously you know what I saw how I was looking for here and we saw the breakout actually not only the breakout but almost like immediately after it popped back up to 10 here we had about 41,700 shares that joined the buy side helping out on the bid a little latter effect popping in and you could even see it again later on basically the same order they pulled and then they ended up placing a little higher here hood over time continuing to squeeze up right so that's been the case throughout the morning on Robinhood at least you know hey if you didn't if you weren't able to get this in time no sweat this is at least something I was personally more inclined to follow myself from yesterday from last week so I'm more familiar with it I had it up on my book map at least in this rotation that you see on the top so I'm scanning through right I'm not able to catch every great move that pops we said it before you know for the pop that we had at 10 o'clock in the stock market well hey Robinhood benefited off of it Mara benefited off of it that's a stock that I love and I wasn't able to jump in on that today because I was inclined to follow the others will seem to be said for Tesla you know students like Alex and Gary smashed it on this trade I like Tesla but as I turned over to it it was already running up so fast and I didn't have my level set on Tesla I don't have Tesla levels here right now right so if I don't have the answers to the test before it's given out to me I'm not going to feel as confident to get 100 I'm not going to feel as confident to get a perfect score and if you don't know what I mean by that it's by saying preparation makes everything here you know I'll say this you know how you know the saying preparation makes perfection right I think that's the line we're not trying to be perfect here but preparation makes profits right so if I don't have my level set for Tesla and if I'm not prepared to trade Tesla then guess what me personally I'm not going to be able to do it I'll just move away to another trade focus on a stock that maybe a slower move in that I have a little bit more time to try and improvise and get my level straight for or maybe go back to a stock that I was inclined to follow you know Robinhood and Neo I don't know just something else that we plotted from pre-market perhaps all right so I wanted to at least dig into that there now with that said Robinhood across the remainder of the day you know it's still kind of holding here a little bit so if you want to just see what this looks like live right now on book map we could do that then I'll definitely jump to some emails and questions that came in already so this ladder that popped up on the buy side it actually got filled it got broken through right here at 1028 1029 roughly the price if there is so much selling there then you know why did it not tank I mean it dropped dropped off like 20 cents 18 cents but bounced back up so if there's supposedly that much bearish momentum there then I'd like to think that it's either going to make a lower low or maybe that wasn't necessarily bearish momentum and perhaps we'll see it pop higher then over time so you know I would keep an eye there and namely like also just kind of both of these prices you have from the iceberg originally at like 1028 but also little cvp level here if we could just make a sharper pop over this too is that like 1025 1024 here it's like getting pretty close we're on a nice little trajectory right now so over time wouldn't shock me if this ends up breaking out again the Robin Hood trade all right so that was enough of my spiel I want to get some questions and chats that were sent in from earlier actually one from Eric I want to get to this because I was going to go through email and I just want to make sure I got to him before I forgot so Eric had a good question he showed me his book map he showed me his heat map I'm going to show you what it looks like on mine it's basically the same thing Eric it's the same thing Eric uses I believe the thinker swim version of book map which is great tool and it showed exactly what I'll you know detail to you here but we had a pretty good ladder that popped up nice ladder that started at the price 121 then very distinctly that order moves up in price as the stock does a few pennies right actually a decent move from by the time that order showed went from 121 up to a high of 132 that's pretty that's a decent run up for a cheap stock right so Eric commented to me just said you know just wanted to show you this ladder that started at the price 121 pushed up until it broke resistance at 130 so the 130 part unless it's from the chart let's just peel this back and see as far as resistance goes well Eric is correct because see didn't the lights a little bit more here on this one so it's not going to be as colorful but you could see that there was there absolutely was a sell order there at 130 so it broke over it shortly after the market opened up pulled back well that's resistance again so Eric is correct 100% at 130 as resistance and it broke over that price again but you know it's because of that break over 130 that Eric really thought that this was going to run from that point so he just wanted me to go over that in traders talk a bit so yeah definitely so let's even peel this back further let's go back even one more like real early in pre-market Eric so that iceberg that I showed at 130 that was from like after the market opened up all right here even more even more about 46 plus thousand shares that were on the ask at 130 and again this is in pre-market so popped it there popped it here even at the open this is the next iceberg at 130 so it was breaking that there so let's see what happens this is oh that was weird so we see this break below 130 the price at the time 945 945 the next time that it moves up to that price is at 1019 so that's about 34 minutes right about 34 minutes in time in between level tests is that a little amount of time to you or a lot of amount of time and I want to ask that to everyone here you know these are things that we just need to have in the back of our head just as we're looking at this move as it's going right great ladder on the buy side but is 34 minutes in between level tests in between the price getting tested again is that a lot of time to you or a small amount of time to you asking everybody Eric, Alex, Michael, Kathleen, Bill, Phil all saying you know it's a lot and you know really I don't want to give a fixed number on this but let's just say I would consider even something around let's just say around like 15-20 minutes to still be a decent chunk of time so 34 minutes definitely I'd feel so that is where I'd say after this test Eric right here okay well if it breaks back above it coming up this could be really good if it could break back above it after this right here that could be nice now again I'm going to show Robin Hood one more time a little apples to oranges because again right here 938 next test 10.05 pretty much the same deal right but what happened from this test to these over time that's what we're looking for so HCD I here we go it right here right that was the 10.19 so this could be a great move when it breaks over 130 on this area here you know it's about maybe even this is still like tough it's a little tough it's about maybe really 10 minutes in between tests right here this isn't a break over at mind you but this is a test so from here it fills the order let's say right where my cursor is your trigger to enter let's say you jump in right there you wait it out a little bit more you see the the retests and the shorter concentration pops right there you take it well just like I preach on Neo it's going to make that big move shortly after especially especially with how many damn times this thing was testing 130 holy smokes are you kidding me this thing needs to rip and run it better it should that's what we're expecting especially right here considering the amount of times it filled 130 so if it doesn't right there then it's game over to me to me I would not be expecting anymore if we do get it later on then hey maybe I'll have time to react but if it's not going to make that big move like really here it's like it definitely should make a big move then just the other way so that's where you see a lot of these stocks go to crap and you know they just totally pull back over time now as far as the level Eric couldn't have been any more head on with the level so I want to really emphasize that Tim like that was a clean looking level there Kennedy Josh speaking here yes all of our traders talks are recorded so we'll have this up on the student portal along with all of the others archive just probably in a number of hours I'd say Damon saying that is a lot of time for the sell and buy virus to decide what the price should be and you know what I'm going to add on top of that Damon for day trading it is right for day trading right for intraday stock trading getting in and out within the same day that is a lot of time so let's actually just dip through a couple of like from the hip examples honestly from the hip Tesla okay well pretty clean breakout it's easy to say that this popped with the market shortly after 10 a.m. but if this was such a strong level then the same rules apply where the more times it tests that level in a shorter time frame you're looking for that more reactionary move up and hey in the event where it blasts over a big level right away it just pops it right away without much fight like it does here at this $10 price level like $240 hey real quick one folks you know Kennedy Margaret Damon Barbara Bell all this here resistance often becomes what once it gets broken through support all right so you know what if this decides to pull back towards $240 I'm sorry perhaps we could see support build there right if not there then maybe like the lows here a little structure building up there that's something to focus on all right really quick here I just want to scroll up there was a comment that I didn't like ignore I just want to make sure I got to actually so from Damon saying you must always have a trade plan in place long before you place any trade from your watch list and stay the course very good point Damon and that's where I actually really quick not to jump around as much but to add on top of your comment it's why we focus simply on trends right before the market opens up like what's the trend of the stock the hour before 9 30 the 30 minutes before the opening bell that plays a big part in my decision making of okay do I think it's going to really pop right away or do I think there's going to be a little time like if a stock is up off of good news but it's trending downward the hour before the open these like the sellers are dominating I'd imagine so in order for the bulls to fully regain control it's probably going to take a little time right so you know I know one of our traders here I think was the other day asking like is this a long or is this a short they've been here for like a year at this point going through focus on the trend first just respect the trend first that's it right more than anything you know if a stock is steady on the way down you don't want to catch it falling right do you so it goes back to you know you don't want to buy the news you can't just hope so you know just trend hey adding on top of all that is very basic but it's extremely important for decision making then yeah it's on top let your trade plan be your guide and not your emotions as this is your system based trading plan that's a great quote in very nice I like that one all right so let's get to some other questions that came in that was the one that came in from private chat let's go through some that came in from email here from Hank there we go love the name hang got to say thanks for following up I typically don't like to trade stocks below five dollars because it's analogous to the wild west and things can turn at any instant for big losses when a huge block suddenly shows up for sale well I definitely agree there right there's there's no disagreement with that and you know coming into CTO if you do decide to follow those stocks we encourage everyone to start off small trading tiny share size because you do need to acclimate yourself so this is a blanket statement to everyone not Hank because trust me in the first sentence Hank I could tell understands but this is no get rich quick scheme we are not here to gamble you know unless if you got you know the IRS or the mob you know two three-letter acronyms basically at your front door knocking we got time I think we got time here you and I here right so you know take things slow and steady and that's if you do decide to trade the stocks that are five dollars or below you know they are pretty crazy at times the one thing I would say with trading a less expensive stock is the thing we say with everything not just trend but good liquidity you got to make sure the stock has good volume on the order book so one of my favorites CLSK I was a big fan of this back when it was a four five six dollar stock because although it was moving up it had a penny spread it had good as good volume on the order book here as you saw back then so that made it a much more manageable stock and that's something we would teach you in class as far as you know it's not just the price it's the liquidity the float Hank saying watching the trading room I'm getting an idea of how you get an edge on the market but wouldn't I have to stay glued to the screen not as much it depends on what you consider perhaps to be glued to your screen you don't need to be here all day that's for sure you know if you're at your desk at eight thirty in the morning then I think that you have the chance to prep up and then trade the first 30 minutes or hour of the market open and you're done by 10 30 right you know and I know that because I do that myself so you know that's where I could just tell you just otherwise if you are there at your desk on time to prepare and you are there at least you're not pressured you could take a step back and breathe and relax then you're gonna have the chance to at least follow the good momentum after 9 30 finish up around 10 or 10 30 maybe 11 o'clock but you don't need to be at your desk all day now as far as in a position yes we if you're in a day trade you want to make sure that you're at your desk that you are in as much control of your position as you can be right Hank says I like to set trades with stop losses that I change as they move up from day to day I have a seven figure retirement portfolio I'm trying to grow during the daytime I have some business projects trying to pursue still so being glued to the trading displays is not an option for me so that will depend I guess on your your schedule right your your day to day everyone's different you know everyone's different their hours and then what they're doing especially if you have a lot of you know you know a lot of projects to work on a lot of investments or projects otherwise that you got to focus around then we're not going to have as much time to trade and just dilly dally at our desk right so you know if you are at your desk at 8 30 I think that you could finish up by 10 and that's with a good amount of time to prepare not having your back against the wall so we have some students although I don't recommend it that get to their desk at 9 o'clock Eastern time giving themselves 30 minutes to prep you know if you feel like you're not as pressured and you still have only 30 minutes then you know that's good for you right I recommend for everyone to be here with like an hour before the open and then again you don't need to be here all day certainly you could finish up by 10 10 30 all right so if there were any other follow-ups on that question Hank please let me know on that definitely from Damon says make your money in the morning and then go to Disneyland I agree I'll tell you what Damon wrote agree I don't agree with Disneyland I'm not a roller coaster guy if you want to know one fact about Josh here not a roller coaster guy this is my roller coaster this is my roller coaster I like at least being fixed in a seat and I still have emotions running wild compared to being on like a steel contraption 300 feet in the air going 120 miles I'll pass on that I'll pass on that there all right so folks hey let me know if there's any other questions that you got in regards to at least what Hank was talking about there in terms of just being at your desk screen time etc I got a question from Sopros here one of our new members and saying good morning I saw a trade station is used for scanning and charting what software or platform is used for execution trade station same so for all my stock trades at least I'm taken on trade station I have a separate account platform for options this is just what is shown and demonstrated inside our live trading room we have a partnership of trade station but we have as many if not more students that use thinkorswim right away if you're on thinkorswim you're on a great platform I wouldn't have said that two years ago I wouldn't have why because they were pretty much great for options and they were great for charting they weren't really great for day trading equities why because they didn't really have good data to use you know enough buy sell data now they do now they got book map they got level four integrated onto their platform so again I bring this up not just for Sopros here but for all of us where if you're on thinkorswim and if you got level four if you got book map officially on thinkorswim you're in good hands you're good to go and seem to be said hey if you're on other platforms like if you're on Webull or E-Trader Fidelity ActiveTrader Pro that is if you're on obviously Street Smart Edge with Schwab and thinkorswim obviously but interactive brokers all of those are great platforms for execution because they're direct access so that's the biggest key we teach that just in the phase one stock course our introductory day trading course just getting you set up obviously just not everyone is going to be as inclined to be on the same platform it has the same programs has the same data but you know maybe a different feel maybe you know one platform is a bit simpler compared to another maybe you've been on your platform for 30 years and you don't want to move hey you don't need to as long as it has the right programs and data to work with so pretty much every platform that is direct access is good to go like all of the larger well known brokerages platforms follow up though from sopro saying how is capital market elite group CMEG for a small account I don't have experience with CMEG and I think CMEG correct me if I'm wrong on this I could be is that not just futures is that not just futures data CMEG I thought it maybe I could be wrong on that you know hey you could trade stocks on a smaller account here with us I mean price of the stock is going to play largely in part with what you do trade but otherwise though you're going to need to be more disciplined with following where the iceberg levels are if you're on a smaller account because you're restricted on the number of trades you may have right if you're doing options or futures that's going to be different but you know that's just a difference there and I could talk to you about that separately so pros whether it be through email or chat or otherwise perhaps even Fausto on a quick call all right all right so got a couple more coming in here folks got about five or six minutes before we wrap up but question from Kathleen one of her long time students asking what is a good method for determining stops so again I umbrella comment just to everyone here especially Kathleen because she's a student so we teach this in the phase two stock course we did this most recently back in the September recordings there's a class I teach called setting stops and taking profits I encourage every one of our students there gold platinum diamond to go through that full 60 minute class I got five minutes here so you know full 60 minute class on setting stops in the phase two stock course the September recordings we'll do that back in we'll do that coming up going into the beginning of the calendar year in January that exact class now to give you the efficient quick answer a you always got to make sure you set it pretty tight below your entry level if you're entering a trade you should be entering it very tightly right above a big prominent level and if we're getting a big move shortly after then I'm not trying to set a wide stop because we're either getting a big move in our direction or we're getting a big move not in our direction right and Kathleen knows that I'm saying that to everyone out loud so that's where generally you want to set a pretty tight stop in terms of like sense underneath your level not from your entry price mind you so that should incentivize you motivate you to try and enter a position much tighter to a big level then further away so like at ten dollars here if you had jumped in on the stock right at ten dollars here well ideally I'm not trying to set a stop that's at like 984 here 983 I'm not trying to do that I think that's way too deep way too wide it's either going to make this big reactionary blast over 10 or it's going to hold resistance and flop one or the other so that doesn't mean I'm going to set a one cent stop that's that's going to kill you on trades it's like death by a thousand paper cuts and that still will happen no matter what folks so there's no flawless rule with setting a stop hey if there was I would not be here let me tell you that for a fact and you wouldn't be here either so that's where I'll tell you at least hey on this instance as it breaks over 10 I took option calls on this so the chart is a little different with the option but ideally like let's not have it break lower than this pretty much you know 995 it bottomed out on these two candle if I jumped in on the stock at 1001 1002 and set a stop at like 994 I don't find that to be very I don't find that to be extremely tight I find that to be enough though to figure out we're either going to get this runner or not right but again like if you chase it and jump in at 1010 then based on your entry price you're not going to feel as comfortable you you're going to want to set a tighter stop and make sure you get out if it breaks below that level because hey if it breaks below 10 or if it pulls back down to 10 here and you enter at $10.10 down $100 on a thousand shares before it even breaks the level that's not good so what happens if it does break the level right all right Damon saying the pattern day trade rule the pesky pattern day trade rule kicks in and prevents you from really day trading if you don't have at least $25,000 in your account if you're trading stocks that is correct if you're trading options you could day trade perfectly an option in the futures term but you know with stocks definitely that's where you got to be more much more disciplined with knowing the where part it's not just the when but it's the where and it's not just the where but it's also the way it's both so you know the more that you're following us here not just in our room but more so entrenched in our classes the phase one and two stock courses which by the way phase three the advanced trading class of Fausto should be coming up on Thursday Friday this week for all of our students so Fausto will be back back in action probably tomorrow but then we'll do the phase three advanced trading class come Thursday Friday all right I'm out of water I'm pretty much out of time I'm gonna finish up here in just a second here everyone last email that came in here I don't think is a question email is a technical email and I think that student is already good to go all right so hey folks let me just check junk folder here lastly see if there's any that got somehow weeded out and spam or junk folder but I don't see that I think that we are pretty much good to go for right now hey for all of a sudden social media Facebook Live LinkedIn Twitter YouTube etc keep in mind that we do these workshops every Tuesday morning at 11 o'clock Eastern time namely hosted inside our live trading room that is where you'll have access to all of the recordings in full in order so do two things if you can a first and foremost if you're not subscribed just yet be a friend tell a friend at cyber trading you is our social media handle so make sure that you're followed there and caught up to date with our all of our social media streams knowing when we're going live when we're not if you have any other follow-up questions though feel free to shoot me over a quick email and that goes across the board to all of our students certainly Lee Michael Sopros Chuck Margaret Alex etc but Josh at ctutrading.com is the handle definitely let me know if there's any other questions that pop up over time here but we'll be back later on this afternoon at 2 30 pm eastern for the afternoon meeting I'll be back on myself just recapping at least a few trades from earlier today and building up a new list and then we'll go from there folks all right I'll talk to everybody here pretty soon take care