 All right, folks welcome on back here for another fantastic edition of our trader's talk workshop once again back here this August 15th Tuesday every Tuesday we conduct traders talk after 11 o'clock eastern time great to see all of our students and members here inside Our live trading room first Xavier Ryan Egan Brian Rod Chuck Grant and a full house just before we had Leda John Barbara Kathleen Brian and a few more of us Lawrence my friend Lawrence who joined me on the DCth trade Great to see all of you there great to have us back perhaps on social media Facebook live linked in Twitter YouTube etc any of our new attendees joining myself right now My name is Josh Levitan. I'm Fausto senior instructor here at cyber trading University And here every Tuesday morning at 11 o'clock or shortly after we conduct our traders talk workshop This is really the only outlet inside our live trading room as for us explaining why we're doing what we're doing and how we're Doing it all in fact the mechanics of getting in a trade the mechanics of building up a watch list, right? I'll tell you what in fact this morning on the audio broadcast. I don't mean to sound like a jerk I don't mean to sound brash or blunt But you know hey inside our live trading room. You can't just be calling out this stock that stock, right? It's gonna overwhelm Egan. It's gonna overwhelm Phil It's gonna overwhelm Brian John Kathleen Grant Ravina and 112 of us inside our live trading room now There's a reason why Fausto for 35 years of experience himself and now myself going on 10 Why each and every morning why we are building up these watch lists and we're sticking to them to begin We're sticking to them. We're not just jumping around as soon as the market opens up and calling out this stock We lose track of what we're focused on to begin with here for instance I mean, of course, I own Q is flying up now. We'll perhaps come back to this trade You know for mid-morning this came out of left field at a nowhere I wrapped up a coaching call with one of our students Roberto and we finished up on DCth and We left off on that and said wow we missed out on this mover on I own Q You never know what could pop up during the middle of the day folks But actually here. Let me ask all of us inside our live trading room Just honest question just survey question here When do you get to the cyber group room each and every day? When do you open up your platform each and every day and join us here in the cyber group trading room? Let me know when do you join us each and every morning? or day rather Try to correct myself saying day instead of morning because of course we all should be here in the morning I was leading us to kind of just say generally when do we get here? But pretty much all of us are saying around 7 45 to 8 o'clock eastern time some earlier some later But generally we're all here before the market opens up, right? We're all here before 9 30 We're all here before 9 o'clock eastern when myself or Faust are doing the meetings here, right? Which means that you're at your desk and you're looking at stocks like DCTH and asking well Why is this up so much and how could I jump in on this trade when the time is right? Whether it be pre-market here as you see or well now this thing is off and running It has been this has been a crazy volatile stock from the get go folks So really quick for Ray and Charles Rose and great to see her here and Steve and John and all of us here Who here is currently in on this trade? You know, we're not like trading live right now We have to go back on this whole move from the morning Explain to students like Rick and Ira and a lot of our newly enrolled students here Why we were so focused on this compared to everything else. Is anyone currently in on this trade? Xavier just got out. So I'm sure he took some good money and Rick in on this trade right now All right, so I'm gonna try and talk as best as I can here meaning quickly and Efficiently with just you know showing you what happened because this is a live move right now This is still gonna move as we continue this conversation. So bear with me folks Let's start really from the beginning here in pre-market just from the beginning here in pre-market This thing had a big pop actually I might even take us Nope won't take us to this morning pre-market not the after hours, but 4 a.m. This thing popped early Okay, well our whole philosophy at Cybert trading University is to follow the big money, right? Look for the iceberg borders know where the big buyers and sellers are out there in fact Our philosophy is really to just not follow the news and is specifically we're not buying and selling because of news That's coming out hell if I did that more often than not I wouldn't be here because I'd be poor and I'd be you know I I'd have my account blown up if that's all I did so that's where I could tell you that you know Hey, we're following this stockade because it was trending up going into the eight o'clock hour in pre-market It was showing good movement on the way up and we have a question from one of our students Lawrence in regards to trends So we'll get to that too, but let's talk a little bit about the news for a moment I rarely ever care about the news truly Fausto as well What's the news out on this stock though just for reference? So DCTH shares trading higher Here's the news report after the company announced FDA approval blah blah blah blah a bunch of words I can't pronounce I mean it but the key word there key phrase is FDA approval Now I'm no pharmacist. I have no experience with drugs or any of that Pharmacy and all that but it's to tell you this from my experience of doing this each and every day for nearly 10 years now Well, there's three major Phases or steps towards FDA approval and it's pretty damn rare that a company gets actual FDA approval You might hear a headline from them saying oh we passed phase one Secondary trials that's a great headline in terms of just the day trade You know will day trade a stock off of any sort of news out there regardless of pharma or not Well with pharma even phase one news That's like a headline the beginning of the process of getting FDA approval that alone could lead to an explosive pop That alone could lead to a stock to move up like 40 50 60 percent Well after phase one, there's phase two. It's kind of like our stock trading course folks, right? So, you know phase two and then after phase two, there's phase three, you know the primary and secondary trials there It's a long-winded process to get to this point So I'm not gonna sit here and dig through every headline over the last few years that we might have on DCTH Because if I were to go through I'm sure I'd find some, you know Follow-up here at least from a month back or a few months back or a year back on their drug I'm not doing that here because now at this point all I care about Is this right here FDA approval? So that leads me to feel more bullish because it's not as often that we tend to get this Doesn't mean I'm just gonna jump into the trade to jump into it, right? It doesn't mean I'm just gonna jump in because of the news. Hell this stock was up big in pre-market It was up like 90 plus percent in pre-market or so well normally if you're up 90 percent Overnight on a stock I'd imagine that you'd look to sell and take your money when the market opens up So normally just point being going towards the opening bell here. That's exactly what happened Popped up at first, but then it crashed right back down profit-taking for a stock that's up 60 70 100 of course a hell of a lot more than that percent We should expect the pullback. So in my head this morning, I was looking for support Let's get to the levels right now and see it actually where the big money was trading out on this on this move So, you know, I was shouting this out all from the morning during our audio commentary But it's hard to go into why I was shouting out what I was shouting. So This ended up leading to a nice pop it ended up breaking out just shortly after eight o'clock in the morning Bear with me for a split second folks. Just one little thing here. There we go All right, so if you could focus on this column here on the far right side the Delta column I'll explain what this means in just a second, but generally speaking generally speaking What price on that far right column the Delta? Do you see the big green volume bar the big green bar? Or if there is a price that correlates to where that big green volume bar is on the right side What price can you give that? Lead up Ryan saying 550 no, we're focused on the Delta column here folks on the far right versus Delta not COB They're right was saying that there's 24 712 shares on the bid at 550 But where do we have a big green spike on the far right side the Delta column? 585 we're all saying roughly at 585 like in between 80 and 90 okay 585 Well in pre-market here. There is actually a pretty large print that got filled. This is at 815 in the morning It's about seventy eight seventy nine thousand shares will round up a penny. So we'll say it's filled at the price five eighty five So early this morning folks really quick actually do it on this computer Bear with me for a split moment here So I want to show all of our members inside our live trading room How you yourself could look to go back on all of these call outs that we make throughout the day myself rich Fausto when he's here and You know part of that is the search tab just inside our live trading room So early this morning we were harping on the fact that hey if this wants to remain a good trade This needs to hold over 585 here in fact So actually really quick. This is our live trading room right now folks So you could see as early as like 585 and the at 833 in the morning. I wrote ideally want to see DCTH hold over 585 right 833 in the morning that was well why at that time because Well broke out pretty nicely here So you know for as much as it ran up and up and up and up It might continue to keep running up if it doesn't where could we find support? I would say right here 585 So that was called out at the time 833 in the morning. Let's show you what happened there at that point because Well, here's 833 it already hit it once Surprisingly it crashed into it and held it a second time and really throughout the majority of the pre-market here leading into the open What an absolute job that this was doing holding the support right over that big level So, you know, hey, we always tell our students here Like it's better to have book map better to have level four than to not have it and you know The longer you're here and you're not using it It's kind of like you're wasting your time because majority of us have it majority of us have this year, right? So I'm not necessarily speaking to those students that have book map because well You should have been able to see the green dot that came in there or you know Otherwise you could see from the CVP is it zoomed in like a big spike here at 85, right? Even if you don't have the Delta you could see that there was big volume filled here at this point, right? All right Well, it became a really strong chart level if you don't have book map Then you should know that this was a damn strong chart level if anything prior to the open So we were really like harping on 585 as a Key level going into the open a key level now. Let me Show you the full heat map here and you know It's not just 585 because well, hey when the market opened it smashed under this right smashed under 585 and crashed Give me a quick moment here folks if you may So right here. Let's see When the market opened up, I'll show this on book map to your opening bell print was at 586 just a penny off. So I'll show that on the heat map coming up That's the big opening bell print that we often focus on well over time I said here at 945 in the morning DCTH has support 535 to 540 it needs to hold over. All right, let's jump to that next So why was I calling out 535? Why was I calling out 540? So Underneath 585 that is it's a little rugged kind of tough to see where like the really big levels are You want to focus on the dark orange and red lines that are out there for a long while for a longer period of time So here's one at 540, right? And it looks like this breaks over 540 and then it runs off of it, right? so it seemingly broke resistance and Then it ran off of resistance from Margaret Rod Ryan Sam Sidney and all of us here Yes, this every week and traders talk when the stock breaks above resistance and it runs off of it We'd like to think that initially resistance should create what? All right, so support right now in my head I'm not always right with this because we're human beings and sometimes we miscalculate by a penny or two or a few I Said 535 to 540 right so I was looking at that iceberg. I was also looking at this little chart level here It's just a chart level. It wasn't really built off of big volume But wow it topped off here at 630 in the morning at 535 it topped off here at 710 in the morning at 535 and then it broke over it here, right? It broke over it and there's really no looking back from 35 it held above 40 before it ran higher It breaks above resistance and it runs off of resistance. We would like to think that initially Resistance could create There we go and my friend Lawrence got in on that trade with me right at that point right at 540 Now Lawrence answer this for me my friends and all of us perhaps on top of Lawrence as well When a stock breaks through a big level and we jump in What are we expecting shortly after folks? What are we expecting shortly after simply put after a stock breaks through a big level? And we jump in We're looking for a big move, right? It's the same catchphrase each and every week now Of course, we're hoping for that big move to be in the upward direction mind you Well even here as much as I love the news which I rarely could say and as much as I'd faith in the level This stock could be like a low float piece of crap stock that just doesn't make that big illustrious pop that you want It might just hold over 535 for like 10 minutes 8 minutes But if it's not making that big move that you're looking for The probability of it making a big move the complete other way it increases greatly So as soon as I jumped in on this trade, I set my stop up under 535 I'm not gonna risk much at all on the trade, but we're looking for that You know proverbial big move shortly after for a $5 stock heck if I can get like a 25 30 cent jump here It's not a big move and you know compared to everything else we see, but it's a great start It's a great start that leads me to say, okay. Well, let's keep seeing higher lows Let's continue to see this trend up here at this point. So big shout out actually I know I mentioned it before but one of our longtime students Lawrence He is really a good trader to begin begin with like high strike rate with his trades been lost Takes a lot of trades, but he's been trying to learn how to hold on longer to like a larger move Get more than like 10 15 cents a pot I think he got like 60 or 70 cents a share on this thing ended up making a much larger move up over time This is where things get shaky though This is thing. This is where things get dicey where things get very shaky and volatile because over time yet moved up higher But holy smokes did this thing shake? So we stomached one shake down here pulled back I got out actually actually pardon me. I got out on where was it? Yeah, okay, there we go. So I was getting out on my position over time here I held through on the second half of my position until this point I got out Lawrence and full on this trade from 540 entry the last half my position I got stopped out right here, but as it was moving up at this point. I'm thinking all Systems go, you know, it broke back over 585 here. It's moving back up Looks like it wants to pop higher. Do we have a clear resistance ahead? Well, you got a couple of 15,000 19,000 here and there, but you got bigger resistance ahead at 7 750 So why can't this run higher? right here Well, it tries it explodes up obviously this thing rips and runs up to 650 at this point in time My feet are not kicked up. I'm not like kicking back right now, but I'm feeling really good You know in from 540 and this thing's at 650, right? I mean, hey if I lose a little profit and it drops off so be it build higher lows and we'll see if it can keep popping up, right? Oh my god, what a brutal shake back down and this is where I closed out the first quarter or even the first half of the position in full I said, alright, well, I gotta lock up some profit now and look to just get out the last half I ended up getting out it was later on here as it shook down, right? Now here's the key though I don't want to just jump around too much on this but if you have great faith not just in a stock Because hey if you have faith in a stock and it's not making that move you're looking for it to make Then you're beating yourself into the ground and you're missing opportunities elsewhere It's not just faith in the stock. It's faith in the level that you're seeing Well, 585 586 was a huge pre-market level. It was the opening print here, too So as I got shaken out on the last half of my original position I didn't just move on to another stock I mean hey if this just stopped me out here on the last half and then tanked all the way down a 520 I'm moving on But if it breaks under here and then really struggles to break lower Well, it begs the question. What if it breaks through this big level again on the way up So after I got stopped out on the second half of my original position I waited and I wanted to see if this would jump back above this level Folks, this could be all easy for me to recite and easy for you to listen to after this picture is already painted But I shoot straight always and there's times where I miss out on trades like this after the fact I might be watching another stock Rightfully so but if this goes without me, yes, it's a bad feel, right? So there are times where I step away and then like five minutes later the state the stock I was originally looking at goes up without me So if you were one of those traders that moved on afterwards and then it ran up without you I get it and I understand I understand it happens to me So what you want to focus on is not just the stock and jumping back in but it's where's the big level? Where are the key levels that this stock is trading? Well, obviously we were talking 585 Looking at the Delta column. I have a question from Kathleen in the chat. Kath will get to your question just coming up Let's look at the Delta at least once again. Look at the Delta column What price has the big green spike on the Delta column right now looking at this picture? So looking at this picture What we got? I think it is unanimous six bucks, right? Well, a whole number like six we should trust we should Well, this really makes it stand out though. This is a ton of big buying at six So if you missed out on the 585 level here once it breaks back through this level on the way up That generates a great entry. That's what I took. Well, hey, what if this fails to run off of 585? Well, I have to be prepared for a stopout. There's a chance that pulls back and takes me out here It did not But the more times this cracks over six the more times that we keep seeing buying off of six I Be led to believe that we're gonna get a concise decisive move So, let me ask you just I know we started traders talk at 11 o'clock halfway through right now Did anyone jump into this trade from six bucks? If not from 585 before again, we started traders talk at 11 But I was on a call with Roberto and like coaching call and we were watching this together I wrote it in the chat board really right to all of us here. I said Roberto and I are looking for a big move office six If you weren't in from 585 six was the next major level now again though Hey, it's we're happy it worked out. Obviously, we're really in a good position now It's already at seven so I'm gonna probably just look to take some money soon enough on this trade just to get out You know being in from 585. We're not trying to be perfect We're just trying to be happy at the end of the trade So, you know, I could get out right now and I'll be happy But you know what in terms of strategy it makes sense to hold on still for right now because we have resistance Still at 750 it could test it's coming off such rare news to see a stock come out FDA approval It completed all the trials all the tests So there is still legitimate reason to try and look for that better run really, you know, if you make 80 cents instead of a dollar. Are you upset at the end of your trade? If you are I think that he needs to really adjust Your you know, what makes you happy in life because I'd say on a thousand shares being up 800 bucks on a trade It doesn't matter if it's 800 or a thousand to me. That's some big money Ryan says got in at 610 as it's a false breaking off a six perfect So wait a little bit more so as long as it holds over six, which obviously did already you're in a good position So, you know over time. We'll see if this can keep pushing, but the name of the game is this folks It's always been the name a Is there a stock that's actively moving not just up percentage wise But showing trend really quick if I could step away the best decision I made this morning folks and the best decision you made this morning. I'm telling you it wasn't trading DCTH It was not making money on DCTH It was running from running for the hills on this SCYX this thing and thankfully all of us wrote this you hooded jith ryan all of us in the chat board I asked this as we finished up said would you put this on our watch list and every one of us wrote no Obviously, I was teeny up to say no So, you know, there's a reason I was asking that but it's because of the trend. There is no trend here There is no buying really here in the pre-market at least over the last hour prior to the open So that's where we begin finding, you know, good activity. Is there a stock that's not just up percentage wise But it's showing an active move. I mean hey early this morning, although it didn't continue at first Nikola was a great stock after eight o'clock, but then it died off, right? So from that point if it's dying off I'm not gonna feel as good about it compared to something that was trending better The 15 or 30 minutes right before the market opens kind of answers Lawrence's question and from email just before But to go back to that DCTH trade at least, okay, well, you know, hey, this was active in pre-market. It was moving in pre-market here Where are the key levels? Let me ask us folks. What is the first? Where is the first place that we should look in order to identify our key levels? Where is the first place that we should be looking in order to identify these key levels? Well, I love that Ryan and Sam wrote right away 50 cent intervals So I'll tell you what that's a correct answer. I love when students right at the right that answer Those are where we assume big levels are and honestly that should come first that really should come first So correct to Sam and Ryan Where Where should we be finding these big levels though? Like where on the platform where on our computer screen as we have our platform up and other Various programs that might start with the letter B be on our screen Level three and well book map B level four level three and level four folks always every single time So if there's a stock that you're interested in all right, where are the key levels? Where are the big levels that the stock is trading off of? If you're identifying those beforehand, it's going to give you a much greater ability to react But in the main you know in the audio commentary this morning as I'm making call-outs at 585 And you know specific prices don't try and kill yourself worrying about this little move or this little price Focus on what I'm calling out focus on what rich is calling out in the chat board there, right? If we're calling out a specific price Odds are we're using it as a key level Odds are we're using it as a key level, right? We're not just calling that calling out a price to just call it out So was 585 the perfect level at first. It was very strong in pre-market. It was actually pretty perfect in pre-market but not all To retract pretty much every level over time is going to become Imperfect meaning it's going to chop around that price over a period of time I will just say straightforward when it pulled back here on this shake. Oh my god That was nasty so outside of the outlier here of this nasty ass shake 585 still did a Phenomenal job as being a big level a clear level for you to enter off But after 585 was just the whole number level ahead at six and again we said it before here A big volume that was building off is six bucks from the Delta column here and you know Hey green is what we nicknamed buying, right? So as you're looking at this you say Well, what if this can test six again? Well, if it tests six again, we're seeing buying interest at least at six Well our best entries to buy a stock are over the level not at the level So we want to see this break over six and then we're gonna look to jump in So even on my call to Roberto right before we started this traders talk. We were both it's funny We were both looking at this iceberg here looks pretty big dark red 605 that is $6.05 about 47,500 shares, right? Pretty big. I mean dark red means it's a big level very big. So, you know, let's not Let this go unnoticed So before this ended up making its big pop over six bucks. Here's an interesting little caveat to six bucks So this is the Delta column here in number form not like bar form Look at how big this number is right here where my cursor is That's five hundred ten thousand shares plus Not just of volume. That's five hundred and ten thousand shares of Green of buying. So let me ask us here. What's bigger? Five hundred ten thousand or fourty seven thousand. What's bigger? I think we know the answer, right? Five hundred ten So when I looked at this, it wasn't a guarantee that it's just gonna break it and run But I had more faith in this level given the discrepancy here Look how big the buying is there So it failed to break over it like several times beforehand Don't let that intimidate you certainly not more than it should Incentivize you and encourage you to at least try to take the trade Again, if you set a tight stop, you're doing everything that you need to be doing to play defense Every trade begins with the entry and every Begins with a big level So as long as you have a good good focus on where these big levels are beforehand It gives you quite the ability to at least lock up some some profit some good money here So even live as this is pulling back a small bit It's pulling back down towards six fifty ish definitely good timing to consider to take some profit here. How about this? I'll do Just make sure I'm on limit here There we go, I clocked out just in full right here at six fifty five I'm not a fan of seeing the shake down as much as it is. So hey, I'm in from five eighty five I'm happy with this right now. I'm just to make the money here at six fifty six or so Once we finish up traders talk at 12 o'clock I'll be on a couple more coaching calls throughout my afternoon if and that's always the key word But if this ends up building support again, why would I not be interested in this trade, right? So I got a smile on my face folks See that's to say I don't care about getting out at the top I'm extremely happy because my trades started from my entry point and my entry point was built off of a huge level So that's all that matters Lee saying look Nasdaq tells me I'm not eligible for level four That's on YouTube right now Lee's actually one of our platinum students He should be in our live trading room right now Lee level four is not through Nasdaq and honestly level four is a nickname That we give the following program Bookmap so I'd suggest for Lee or any of our actual students that should be in our trading room Just send me a follow-up email Lee just you know just ask me just more about level four through email And I'll send over all the information I have there for you Got black beauty machine on YouTube saying amazing how the channels that give most info barely have any views I'll tell you what Lee our black beauty We are building up our YouTube channel just over the last six months So we've done great with growth But all of our students and actual members that we train are inside our live trading room if you want to join us just for a small week we advocate for you to just scan that QR code on the top left of the Stream get you inside our live trading room with all of our students But actually that is great as a compliment and I take it as such. Thank you very much The channels that have the most info I'll stop myself there at least I appreciate that made my day So with saying that let's go through I have to go through emails folks There were emails that were sent in as early as 8 15 this morning I'm respecting those emails first and foremost because we always say Send them in early so Let's actually jump back to Lee Lee had a question he did send this in early So Lee if you're tuning out in on YouTube either way, we're gonna cover your question right now Lee just had a question just in a relation to shorting. So What a trade we had today what a short trade we had today on Se this stock was on our watch list. So right away. It was there for the taking hey Let me ask us here really quickly. What's the trend of this stock right before the market opens? From 8 30 to 9 30. What's the trend of this stock here? Question is not is it up or down percentage wise? Of course, this is down percentage wise, but what's the trend? What the trend is as simple as you could see how much it's down by it's it's just straight up down This is trending down and down and down leading into the market open When a stock is trending down folks, are we seeing more buying pressure or are we seeing more selling pressure? Of course, we're seeing more selling pressure Where do we have a big level here in pre-market as this is dropping as this is dropping dropping dropping on the way down towards the Opening Bell. Where do we have a big dark red line? 45 so we had about 15,000 shares on the bid at 45, you know, it was holding above that price right before the open To zoom in on this really carefully. It looks like it broke under 45 in your seconds before the opening bell Normally and pretty much as always we wait the first three to five minutes before we actively jump into a trade So truth be told this breaks below 45 very fast and drops off right away So if I was gonna sink my teeth into this into this trade after the open I shoot straight folks I'm not gonna sit here and tell you that I definitely would have taken this at 45 more often than not I'm waiting the first three minutes to five minutes before I'm proactively looking to take a trade So what I could at least tell you here is that's actually pretty funky. Look at that. It's pretty interesting Well, what I could at least tell you here is that after 45 What's our next big level of support under 45 folks, where do we see an orange line for a longer stretch of time? For a longer period of time, where do we see an orange line go across the page? What do we got? You got one of us saying 44 50 two of us saying 44. What is the correct answer folks? What do you think? Yeah, 44. I would say it's out there just right before the open It's there going into this break under the level Okay, well, hey much like at 45 it crashed under 44 here This is at like 933 in the morning a little more appropriate timing But the question is not a matter of is it going to break down at this time But what happens if we keep seeing selling pressure at the same price? Meaning much like we were talking about DCTH on the way up with this trade on the way down What happens if this keeps testing support? So earlier here after the first three or so minutes it shook back over 44 and Then on the next break through that level on the way down Right here. This generates a more acceptable short entry in terms of the timing of the day I mean, hey, it's easy to say it dropped off right away But that's not how we teach students why stocks move so based off what we go through normally in class We are waiting the first three to five minutes So that's why I truly say this could have been a much better time than tree if you're waiting a bit and as it breaks Under this big level again, right? So it does make a great move Now over time The same thing happens at 43 mind you so if you missed it from this whole number at 44 It seems as if you have a similar style of entry later on here at $43 it broke under once This is a rebake so it's on a retest or a rebake you're looking for that more decisive concise move Here's a little interesting fact though. Look at this. This is just little price action going on here Look at this. This is a crazy stack of orders on the ask. They're not Like big in terms of normally what we see but in a relation to everything else on the order book It definitely was pretty large. I mean this stack of orders on the ask. Why is this here? What does this do in the literal moment? I'd like to think it's gonna push the stock down lower Well, let's see what happened afterwards Yeah, I'd say as soon as these orders started to appear as resistance stacking up on each other Yeah, this came right back down So, you know, you might ask why was that there in the moment? We have to treat it as such and after the fact we'll study, you know What actually happened to the stock afterwards so easy to say but as soon as this stack of orders on the s popped in this Came right back down. It broke under 43 and they kept going. It's a really great trade so, you know just to at least mention to Lee if My best entries to buy a stock are directly after it breaks through a big level on the way up My best entries to short a stock are completely flip flop vice versa They're directly after the stock breaks through a big level on the way down Really quick for Ryan Grant Phil rod all of us here. Just trust our cyber clock What time do we normally see reversals? What time do we see normally the momentum to die off in like the original trend the stock was going in? Generally speaking what time we got 10 15 to 10 30 says Ryan to 10 30 says Egan rod Grant Sam all agreeing Roughly 10 30 right? Okay. So, you know, hey if I'm trying to short this stock I'm trying to short it directly after it breaks through a big level on the way down Well, that doesn't mean for every single time a stock breaks through a big level on the way down that it's appropriate Moment to jump in because normally around 10 15 to 10 30 We are expecting stocks to begin to flatten out or reverse So for as much as this stock already dropped in pre-market and already dropped after the market opened up You probably shouldn't expect just perfect continuation on the first break or whatnot You know, hey at this stage in the afternoon or going into the late morning early afternoon now Well shook around this 41 level so much the next whole number Certainly looks like there's a ton of volume filled there even from my level three program on trade station So hey, if this keeps testing 41 and breaking under it I'm led to believe it's gonna continue down But this time of the day and certainly going forward It's best to just sit on your hands initially and then wait to see if the stock keeps offering you tests of the same price So here hey This actually could begin to set itself up for a new short entry if it keeps nipping at 41 in the next 15 or so minutes And well hey the more times it breaks that level in a shorter concentration It's gonna lead to that going back to DCTH here. You know the same thing effectively happened at six bucks on the way up test test Test test bam. So, you know, that's the same strategy. I'd look for on that SE is a short just on the way down. That's all All right, we keep it going through email folks question from Larry. I referenced this earlier So, you know from Larry had a great question that came in. I just wanted to go over it here with him So Larry asking in the pre-market Meeting like the morning meeting at the end that commented about the trend between 8 30 to 9 o'clock And actually I was referring to that SCYX there at the time, right? Crazy how a stock starts on the percent gainers list and then honestly it was down a decent chunk just up up until this bounce So certainly trend had a large part to do with that when a stock is up and it's like up percentage wise in the morning You'd like to think there's a headline out with it, right? I mean normally there is well Hey, even if there isn't I'd like to think there's a reason why the stock is up X amount of percent, right? doesn't guarantee me to think it's gonna pop higher and The part that allows me to kind of feel better or worse about what a stock will do is really the trend So what I like to ask to myself when I'm prepping up my mornings and what I always go through in phase 2 I do this in phase 2 class folks when I'm kind of doing the preparation class for the market open Actually, I think that's actually coming up next week this month in the August classes Coming up on next Thursday and Friday the 24th and 25th We're gonna do like basically mini phase 3 style classes there within the phase 2 course So you're gonna hear me really rip into this. What is the trend of this stock? The 40 minutes the one hour right before the market opens You might say down because of this drop here and I understand if that's the case You know, I'm just saying from 8 30 into the market open final hour prior to the open I don't think a singular person here would say up You might say down you might say flat. I don't think a singular human being here is gonna say up and That leads me to say well Why is it not moving up at all one iota one bit? Well, whatever the actual reason is it's just for me to say Clearly, there's no real buying pressure on this stock based on the trends because if there was it would be trending up more wouldn't it? I mean hey going back to Nikola We had it on our morning watch list because we're familiar with the stock and there was a chance for this to try and move up Higher but after the initial run that this had which looked great mind you What was the trend of this stock? before the market opens So, you know, it was up percentage wise could it have popped higher 100% it could have Right, it's like kind of a weird saying right because anything's possible It's just that here. Certainly the trend was more flat leading into the open So I was more privy to follow the WLDS the DCTH trade just the stocks that were showing better activity leading to the opening Bell that's always important to me because you know There's always going to be other stocks out there that move when the market opens I'm probably wrong with the number on this, but I think there's like 33 or 34,000 listed tickers out there across the whole stock market Folks were focused on like five We're focused on five of those 33,000 34,000 So when I have other students this morning calling out stocks like NCLH moving Yeah, it's moving, but is it moving better than the others? No, you know lift had a small pop this morning Is it possible if someone bought it in pre-market? It could have been good. Yeah, but again There's other stocks that if we have more time to prep on knowing exactly where the key levels are prior to all the craziness beginning at 930 Those are the trades. I'm going to feel more confident to risk Thousands of dollars on the entry however many shares I'm trading whether it's like $5,000 $10,000 into the position You know if it equates to 500 or 1000 shares I'm going to be more inclined to follow that stock since I'm more privy to knowing where those Bigger levels are where those larger icebergs are located Or otherwise the big prints like we saw in the DCTH at the old ring bell at that 586 price 585 There's always going to be stocks moving out there folks So for all of our students that are looking to go through our training and really, you know Learn what we're preaching here in this room We don't want everyone else to be overwhelmed if we start tossing out, you know different stocks in the room al uber gm4 uh neo pl tr sq amd Notice i'm typing that in the chat board for all of us here live Imagine like, you know, you're here. You're seeing all these stocks being called out Which you do see because Fausto's on the microphone. I'm on the microphone. We're calling out different things at the same time Well, hey, if you have joe billy bob adam jane Any I'm just making names up mind you but if everyone else starts tossing in tickers Isn't it that much more overwhelming? Isn't it make it that much more confusing? Isn't it that much harder for you to feel confident with knowing what to trade where to trade it where to get in? Kind of rhetorical question, right? Because the answer is yes I know that because I was in your shoes back in october 6 2014 when I first started here. So That's where I try and shout to you folks. Let's start and stick with the watch list Let's just start with a couple and then if those couple or few Aren't making that big pop like you want Then then you see what else is out there see what else is on the list See what else we're calling out then at that stage myself and Fausto and rich But you know, hey, there's a process that we go through an order for you to be less Overwhelmed and more on the ball with the trades we're looking at I'm not going to be on the ball for every singular trade that we're calling out and that's on our list It's for the same reason. I just mentioned to you. I'm just trying to contain myself to a smaller group out of those So again for this morning I mean, I'm subbing in for Fausto today the whole way through so I had barely any time to set levels up in total Um, but this morning. I was more inclined to follow the dcth trade the wlds And then myself there was one other one, which I do want to go back on. I had a couple emails on this too Tasha tsha that was on our list too. That made a nice move to begin But um, actually that was one as well. We'll look at so Larry says honestly it makes him dizzy chasing the shiny object in the room Well, the shiny object in the room to me as I like to think of it as is the one that's up the most Percentage-wise, but the one that also has like the crazy spread You know the big moves on the on the one minute chart. This could be that type of stock Larry Um, you know, everyone has their own pace, you know, if there's a stock that's just too volatile for you Then just move on right and everyone has their own pace There are stocks that are too volatile for myself to where I'm not going to give it the light of day The thing is though is that hey, if there's another stock out there that is active and it's trading Just do our best to focus on that and we're going to at least remove all the distractions around us, right? So, you know, again in phase two, I put a big talking point on the preparation before trading the market open Last thing that we want to feel is like we're kind of like Taking a blindfold off and all of a sudden we're in one of those like big circular like, you know, bull pits You have the bull charging at you all of a sudden Yeah, I'd rather be prepared for that than unprepared All right, so let's keep it going folks bonji emails that came in here bonji emails that came in here So from jith asking about dc th um Had multiple sell icebergs until six dollars and 34 cents six dollars and 35 cents Where should his stop loss have been? It depends on the time of your entry jith. I don't know where you got in in terms of time Do you have the time in which you got in like from your trade manager on your journal? Should always just look to give the time and the price of your entry when you look to Go over review with us here. That's all so you know in terms of just the move that this made I think he'd sent this at 10 30 in the morning the question. So, you know, if it's prior to 10 30 the time Okay, so right here. I think he's referring to um You know at this point it ended up moving off of six And it's before the crazy ass shake that we had right here. So It breaks over six, which again, I cannot stress to you enough 585 and six were the two big levels we were focused on When I say big could that apply to other prices? Yeah, it could Does that mean that every price is uniformly big? 100 million Thousand zillion percent not So that's why I was harping on 585 so much. There was a 94 95 thousand share opening bell print there What's bigger 94 95 thousand or 18,000 17,000 I think we know that answer, right? What's bigger the 540 000 or whatever I showed from the delta just that example earlier here or The 47 000 this is big normally, but How big is big? So earlier jitha was more asking about kind of just prior to 10 30 once it exploded off of six You can't just say all right 6 20 is going to be equally as strong as six or as 585 This was already trying to make this big breakout off the pre-market resistance here and just run higher So after it popped above six, is there a really clear level ahead? If we go all the way back to pre-market here and look at it I mean you have a couple lines, but that doesn't necessarily mean they're going to be big let alone larger than these Right, this is 78 000 in the pre-market at that 585 So on top of the opening print. That's why this was so significant So once it pops without you and you're not in this trade from where we're calling it out It's a lot tougher to just jump in It really is because at this point it's 10 o'clock in the morning So, you know, hey, maybe there's a little chart level around here But that doesn't really mean much in the grand scheme if it's not going to show too big volume off of it So just to jump back really quickly see what jeth wrote as a follow-up here, perhaps Um, so I don't see any comment just after so jeth if it's in relation to what happened prior to 10 30 There's not really much above six that is as strong as what we had prior to it So I was really looking for this to just run right here as it broke over six bucks. I was feeling great about it Once it shook down here. I was scared for my life. I was thinking there was a great chance it would break lower I'm happy that for the overall time being it generally maintained above 585 But afterwards from this point even as it broke back over six here There's not much from cvp that sticks out around 6 20 6 30 etc That would be a big level there truly is not like really much there at all So even after you had sent that email here at this point as it's building You know once it breaks over 6 20 and runs here then maybe maybe Once it breaks over this and run, maybe you could potentially use this as a leg of support but It hasn't pulled back there yet. It looks like it's just going to try and make higher lows from after I got out on this I'm going to try and jump back in on this trade just going into a coaching call coming up here folks Oh really good question here. Okay. How about this? I like this one. Um Popped in from private chat actually so i'm going to finish up on email, but really Interesting question all questions are good questions, but I like this one. It's a follow-up to what I had mentioned You know Sid was asking this to me just now in light of what you just said josh When does the phrase see something say something apply? Love that question because it it's not contradictory to what I'd mentioned What I'd mentioned just before is you know, hey, we don't want to confuse like we don't want to overwhelm all of us here because Hey, if we're already following dcth and it's actively moving and we're already following other stocks another one or two that are actively moving It doesn't benefit us to keep calling out other stocks that May potentially move if we already have our hands full if we already got our hands full Then why toss more into the wheelhouse there for us? It does us more of a disservice At times compared to doing us that benefit Now on the flip side of that Let's say you're kind of just scanning yourself not making the call out just yet in the room But you're scanning yourself and all of a sudden you see a stock that is really running For instance i o and q we did not call out until nine until uh 10 47 in the morning I know that because rich made the call out. I actually searched for it before we started trader stuff Um rich made the call out on i o and q at the time 10 47 eastern So he didn't call it out as it was like just kind of meddling around doing nothing here, right? Called it out after it already was like breaking the highs and make a more convincing move Once it made a more convincing move then he said okay, then it's more worth our time to our students And hey, this is at 10 46 10 47 not necessarily at 9 30 9 35 in the morning So hey if there is really nothing we're following during the good time of the day And you see something making a better move That's more appropriate to say hey, josh turn over to this for a second. Look at this There's not much really moving right now and I see this here Compared to hey if 9 35 in the morning 9 40 Regardless of myself. I can care less if it's josh doing the meeting. I have zero ego and could care any less Let's say if it's fousto 35 year pro Doing this every single day every single week every single month of the year outside of onions and bermuda So For you to just start looking at a completely different stock compared to what a 35 year pro is Advocating for you to potentially look at Why Why? That's my question If there is a legitimate reason then I'd say perfect then follow that stock But you know hey if fousto is doing this each and every day and he's driving the driving the ship here And much much more often than not he's on point with navigating the ship It doesn't make sense for someone to just yank the captain off the you know from their collar and say hey Hey captain look at this You know So that's where I say hey if nothing is moving and we're kind of in no man's land tier and you see something looking good Please call it out But like primetime trading we're already on one or two beautiful moves from our list It doesn't make as It doesn't help us out as much as one would think Because you might have a trader turn over to that stock granted it might be a decent call out But if they are not as prepared to trade that stock as they are the stock that we're all looking at here Well, not only do they miss that move and the stock goes up without them But now they're on a stock that they need to readjust towards and say all right Well, where are the levels for this trade is this going to make the big run? I do that oftentimes it's not a bad thing to do but in terms of being On the ball as much as you can be Well, we all get to our desk at 7 30 in the morning 8 30 in the morning no later than 9 o'clock eastern That's where it all begins So if there is a stock that you're looking at there in pre market and you're led to believe At some point throughout the morning it's going to make a good move for you to jump in on Let's not get ourselves overwhelmed. That's all that's all I said All right, we're going to keep going though. We got a couple more questions just coming in I do have to just jump on to a call with one of our new students christine coming up So really quick folks just going to bang out these last few emails that came in so Ryan are going to try and get to get this as efficient as possible Question one. Can we know when hedge fund traders are intentionally trying to shake us out of trades before they make a big run up? I would base it just off the levels that you're focused on like the big levels that we're looking at from book map And to me this is where I can go into this one setup here on the dc th when it shook me out on my Original trade from five from 540. It took me out right here on the last half of my position Well, it seems like that was meant to shake traders out right it seems like it because look at after the fact Was I thinking about that before it shook me out on the last half? Not in the sense of like market makers or hedge fund traders trying to screw us or you know do one over on us No, but I just in the back of my head know that that's Happening all the time. There's no program. There's no algorithm that we have that can tell you where Market makers are shaking traders out But it's in the sense of the big levels that we're using to say, okay Well, hey if this is such a big level then we should get a pretty decisive move when I got stopped out on the second half of my position here I was thinking hey, there's a great chance. This just tanks Like on this bar I was thinking a good chance. I had this tanks now. That's it I didn't move on to another stock though and that is where I'm led to say, okay Don't move on from the stock right away Give it just a little space just watch it if it really tanks right away after then you move on But if it's just lingering under your level a little bit there, it leaves you to open up the question of Why is it still lingering there? Shouldn't have it tanked already? And then you say, oh wait a second. What what if they're trying to shake traders out from that 85? All right, how do you determine which stock should have a break even stop loss versus a stock with a 5 stop loss? How much you up already on the day run? Because if you have a cushion underneath you already then I say, okay Well, you know, hey, I could play better defense now and like I can just take a trade break even It's not gonna put a frown on my face because I'm already up my cushion money So a lot of it is based on perspective, you know, if I hit my days pay already, I'm not trying to give a lot of that back You know, I'll risk money on one trade here or there and if I'm wrong I'm wrong If I keep losing like that then I'll either trade less or I'll just play tighter defense and make my trades to break even if anything so if I Shake out and don't make the 15 20 cents of of unrealized profit. I could have At least I'm not going to take an L. At least I'm not going to take a loss. So Let's just say for instance once this stock is already above my big level and it's running and running and running I mean DCTH I certainly would not have let drop all the way back down to 585 Right. So even though it shook back up after I yanked my trade It's just that if I was If we were watching this together at this stage, it's moving up over six That's where I'd say, okay. Well, let me move my stop up higher now I'll move my stop up to under six and say, you know what, okay at minimum I'll make like 12 13 cents on the trade and if that happens then so be it I mean, that's literally what happened at 585 actually because After this massive shake back down, I said shoot. Let me raise my stop up right now And I raised it to under 585 So it's based on feel oftentimes as far as just do I really want to Lose on this trade or do I want to give back all of this money? Let me raise my stop up a little bit there Uh, finally three Do you recommend increasing the stop loss as stocks run to lock in profits bingo bingo just answer that right there I tell you folks. I read these questions live in the moment. I barely have time to prep for traders talk. So you're really getting like a Straight shoot every time here. I tell you I don't have time to see these questions as they pop up live Like I knew I had a question from ryan a question from jith kath and larry. I didn't go into these emails really though before we started All right, so brian and had a few uh came and I'll try and run through these really quick So, uh brian says that he needs to familiarize himself to the very rapid pace of our trading room Um, he's going to give it a good try and basically he's done some paper trading so far And a trailing stops per zavier one of our students suggestions and that's a good suggestion You know, hey zavier is one of our newer students joining us But he made a great suggestion with a trailing stop earlier You know, we have all the time in class to go through stops and risk management So I'll say in phase two we have a lot more chance to do it there But you always need to set a stop on every trade that you take So again, I'll kind of use my corny joke here since we have some new students joining us here So for brian and zavier and any of any of our new students joining us here I see robert joining us as well today and a few more Let me ask you Do you put your seatbelt on? Do you put your seatbelt on? as you leave your driver Or do you put your seatbelt on? As you're already down the expressway 65 to 70 miles per hour Let me know. What are you doing? No matter what you should be putting that seatbelt on Before you're driving, right? So with saying that as soon as you jump into any trade You should look to set a stop up To each their own on trailing stop. I don't use them, but that's just I never felt fond of Setting it up quick enough, but if you yourself have great experience using it Then i'm never telling you to change your habits there. That's you know, it's a great tool to use a trailing stop in general Um other questions from brian also in relation to setting stops So brian, I don't like pushing questions off. I really don't we're finishing up traders thought coming up in a second Running 10 minutes over time here as a new student folks. Please if you have um access to the phase two stock course I'd suggest for you to go through the phase two stock course the classes that we conducted in may Will go over everything that you need to know about risk management and setting up stops It's a full 60 plus minute lecture on setting stops in in general there Um, I will say for brian though if anything new students in general. I will just say Certainly regardless of stock price as a new student. It's best for you to trade small shares to begin You know, hey if you have let's say two thousand in your account Let's say if you have two million in your account You're going to get the same answer from me and fausto every time as a new student You should be trading maybe like a hundred shares of pop And that's it even if it's a dollar stock A hundred shares that's like peanuts and you know for making money, right? But you need to learn how to follow the like like brian had mentioned previously You know how rapid some of these stocks could move and the pace of the room So that's why you hear me say here and in class so much My biggest point of emphasis is Preparation before the market opens and preparation before you risk on a trade So from our watch list, you know, hey, are there any stocks that are Moving at a good pace for you not too fast not the shiny object in the room. What's something that is moving Good and steady and you know in a direction. All right. Well from there Where are our key levels? Where are the big icebergs out there as far as support resistance? Um So really quick so, you know as far as that goes that's where we're going to be able to at least Prepare better knowing where the big levels are And hey if the stock moves up without you and you're watching it makes a sudden pop breakout and it's going without you I need to let you know as a new student Get used to because right now it's like kind of like being up at like the plate if you're following baseball And you're playing an mlb game and you have you know a pitch you're throwing a 100 mile per hour fastball down the middle at you Well, I feel like you're going to be better to react to that pitch If you learn how to react to a slower pitch first Right before you learn how to hit 100 mile per hour fastball You got to learn how to hit the 85 85 mile per hour fastball before the 85 mile per hour fastball You got to learn how to consistently hit the 60 mile per hour knuckleball before that you got to learn how to play t-ball Don't tell me i'm wrong because I know i'm right So that's where I say as a trader as a new student We don't want you to be trading the shiny object in the room We want you to be feeling confident and comfortable with what you're looking at and it comes with time It comes with time So you're going to miss out on a couple trades because they're going to move quicker than you think And the more that you're with us you're going to learn how to develop that reaction This will be easy to say the following So what we have to do our best to do is learn how to think less And just do more Don't worry about the maybe's what ifs. Oh my god Focus on where the big level is where's our big level is the stock breaking through a big level on the way up And once we jump in are we setting our stops most importantly, you know, that's what matters most there you know because you might have a good trade on your hands, but If it starts off good, but then comes back It's going to make a big move just the other way so if we're not prepared to eat a break even trader take a small loss then You know, that's where we become a lot more discouraged after the fact we get our ass kicked on a trade and we say Shoot is this worth trying to do going forward? Well, there's a process about it folks and of course We're going to take a couple of losses a few losses more so than initially to begin Compared to down the line. That's why we want you to be trading small shares So the risk is not too great at first you learn how to take a couple Bruises a couple cuts at first and that's it. We learn how to prevent those cuts later on Folks, we're going to finish up right now Hey, I have to jump on to a few calls with a lot with with a few of our gold students that recently joined CTU here So for Aaron, Brian, Sydney, Larry and a few more of us. I know I have to get back through email to a couple of us Phil namely yourself. I want to wish you and your family well. I'm going to get back to you through email Phil I just saw your email right now. So Wishing Phil and his family the best actually um his daughter and husband live in um Lahaina, Hawaii. So which is basically right around that area, right? They both escaped the fire when it was near their condo development. Phil just wrote me that right now. So Phil My wishes are with your family my prayers and everything are with your family I wish you the best and your and your and your daughter and her husband You know, I'll talk to you on the side. I definitely want to get an update from you on that All right, but hey folks just um Hey, I'll be back on the mic later on this afternoon at 2 30 p.m For the afternoon meeting if you're joining us on social media facebook live linked in et cetera I hope that you enjoyed but if you're looking to learn more much like one of our attendees were earlier How about that black beauty machine? I love that comment from them before actually wrote this said amazing How the channels that give the most information barely have any views we are on the up and up there black beauty We look to have you join us We look to see you join us inside a live trading room to scan that qr code on the top left of the stream right There and uh, we'll catch back with you later on this afternoon. All right folks take care