 All right, folks, hey, welcome back for another fantastic edition of our Traders Talk workshop here this Tuesday, perhaps holiday edition, right? And of course, we have Christmas coming up on Monday and New Year's Eve after. So happy holidays in advance to all of our students and members alike. We got John, Bill, Brian, we got Jill, we got the Jays and the Bees attacking right now. We got Bill on top, we got Grant, we got Michael, there we go, we got Richard, Margaret, Eric, and then Mark, Barbara, et cetera, et cetera. All of our students and members I like inside our live trading room should be good to go. I've fancied up my home office a bit, dimmed the lights actually, but it looks a lot better because I got some like nice fancy like colored lights going in and out in the background. So great to have all of us there, great to have all of us back on social though, Facebook, LinkedIn, Twitter, YouTube, et cetera. Hey, right out the gate, folks, if you are not subscribed just yet to our social media streams, be a friend, tell a friend, spread the good word of Cyber Trading University at Cyber Trading U, just make sure that your like, follow, subscribe to all of our streams and videos with that. But without further ado, this is really the hour that we have inside our live trading room pretty much, where we have the chance to go through the thick of things, go through a trade perhaps like ALT and really explain why it made the move that it made, not just this ALT, but we've actually had a really good week this far. From yesterday into today, a runner that we caught PBLA we're gonna go over, how can we not cover the crypto stocks that have continued to explode, Mara and Coinbase of course with that will cover both. But without further ado, actually, I wanna go through a few different emails to begin. So actually, as I kinda just fancy my other screen there, for all of a sudden social media and just of course inside our trading room, Kathleen definitely knows Bill, Jeff, et cetera. Hey, if there's any questions that you folks have during this workshop, during this webinar and going forward, you can shoot me over a quick email Josh at ctutrading.com. If you're on social, we invite you to join us inside our live trading room just at the end. But again, for Nanny and Grant and Andrea, I'm Jordan O'Andrea, I think still in the morning for you right now, Brian and Chuck and all this just otherwise, just go right to Josh at ctutrading.com and send me over any trades or questions that you got from me right now. Now, hey, let's actually begin with a question. I said we were gonna cover a few questions that were sent in from email, but there's definitely something that I've wanted to get to coming up and actually perhaps one of these emails will give me a good segue to talk about it. All right, so let's just knock one quickie out actually really fast, so it's not my segue just yet Bill and you're safe. Bill asking here through email last night or yesterday afternoon really quick on a trade. We're actually gonna go over book map just really quick for Bill, but we're gonna really focus on the NASDAQ book viewer for this edition of Traders Talk and going forward, we're gonna feature the NASDAQ book viewer a lot more often in terms of showing you level three specifically. I got level three on trade station, of course, but not everyone has trade station and that's what we promote. We say we don't need to be on one specific platform. So I actually do have the NASDAQ book viewer. We will cover that coming up in just a bit, but I got a quick one from Bill, just knock this one out fast. So actually this segue is me, Bill, not the journal question I asked you folks, but actually about ALT. So actually pretty convenient, Bill. So yesterday we saw this on book map, the heat map here and Bill's question just from the afternoon really fast was, you know, when these iceberg orders pop up on both sides of the stock, ALT nearing the end of trading, how do you interpret or read that? Do you look at it differently if it happened earlier in the day versus at the end of the day as it did here this afternoon? So really quick, I'm actually part of me, Bill. I gotta go through one thing really fast. I was gonna forget about it at some point. Part of my new home office renovation you could probably see obviously I have these fancy lights behind me, they're switching color. Leda, I don't know if you're here, but I got a nice little Mexican sombrero here actually from my trip to Cabo, but I got a nice little Nova Scotia frog from our student Leda there. Part of my home office decor. I've had this for a long time. So Raul will call him, but nonetheless for Bill, as we answer Bill's question here in the chat. So, you know, hey, where are these prices at? These orange and red lines at 844, 846 or so basically. I know there's some above it, some below it. And then here really you could say it like 820, 819, 817 perhaps there. So, hey, and the best way that we could answer this question, Bill, is saying, well, what happened to these prices today? How were they key levels for this current trading day? Because we know ALT moved up, but you know, how did these prices coincide as a clear level for support resistance on the trade, right? You know, again, there's other like little tiny lines you see, right? Not factoring those in. I'm focused on the largest levels. So, you know, this would likely show a NASDAQ book viewer too, especially if those orders are routed directly through the NASDAQ. But again, we'll get to book viewer in just a moment there to answer Bill. Well, you know, let's see, we'll strip the whole heat map right now and just kind of see these ranges of support resistance. How did they play out today? Because I didn't trade off of these levels today. I took one trade on ALT, it was actually my most recent trade. I took a 4 cent loss. I'll cover that in just a bit because you can see dropping back down a lot lower now. Well, this morning pre-market, it kind of hovered above that range of support. Those iceberg orders from yesterday, Bill, just I plotted the lines, right? Hey, we're not really trading that right away going into the open. It's just fun to say it held above there. If it made an under and over, that would be different. We'll get to an under and over move just in a moment there as well. But this ended up popping up. It shook around even at first a couple of times, actually. And then finally, once it not just broke above the two lines I drew here as resistance, but if you see the white line, that white moving average line, that's actually the VWAP, Kathleen. Another one we'll get to in just a bit, but it broke over the VWAP price right there, that white line alongside these two. So, you know, it acted as a range of resistance, essentially, and the more it nipped and broke it, touched it, tried to push above it, it eventually did. And resistance did become support a lot cleaner. And hey, we're still in a decent time of the day. I know it kind of popped up earlier here in the morning. I made a sharp drop. So it's more in a 50-50 in terms of is it gonna make a lower high and drop or is it gonna actually make this push? So you do wanna have faith in the level, right? That's most important. When it comes to preparation at least, if you had plotted those lines as prices to watch, you know, there's other levels to focus on, of course, too, on this trade. But it's just to say, if you had these lines plotted and you said, okay, those are likely to be a big level in some variation today. It wasn't right away at 9.30, it was a little hairy at first, but it gave you the move that you wanted to see later on. And that's what matters most. So, you know, as long as you're there to take the trade, you're watching the stock move up, up, up, up, you say, okay, well, how can I set up my order here? Look at level two. All right, well, you know, maybe place a limit order out there, switch your order type up to limit, place a limit price out there, a few pennies above, and simply wait for the break over and then try and jump in right after, immediately after. You know, that's something that we'll do a lot more in class, like the phase two course coming up, coming up in a few weeks or a couple of weeks there, I believe. But, and that's just that one question, Bill. Actually, knock out Kathy's question as well, because Kathy sent in actually a couple of really good ones and I love when she sends in questions. And she had one just simple one here this morning. Can you just explain the VWAP? Bingo. So, let me even delete my lines. Let me just focus on the white one, the VWAP line. The VWAP represents the volume weighted average price. Again, I'll repeat that, volume weighted average price, meaning for all of the shares that are traded across the morning, across the day, that actually represents the average price of the shares that were traded and filled so far. So, hey, that is based off of volume, at least in the sense of seeing the stock make its mood as more volume gets traded at the highest here, this will continue to move up with the stock. And then when it breaks under it, it doesn't instantly drop right away and doesn't make a sharper retracement with the equity. But over time, the more volume that gets traded on the day, you're gonna see it flatten out a little bit more and solidify as a key level. So even now, and you just saw it from earlier, it came support here, little nip under and over slingshot. And then later on, obviously just right now as we're talking is to be back down, it's at the VWAP price. So it's being tested again as support. And we have a big 15,000 share order out there. But let's see if we could see that on level three. So let's see, that's for the ALT trade, right? Have we just said? Yeah, that's for the ALT. Okay, so we normally assume that 50 cent levels and whole numbers are going to be key prices anyway. So something like that, you'd normally just have a line for as well. But let's just see if it currently shows. I don't know if it just filled the order 1851st or touched it, but let's see. There's a little less volume show in there right now. On the book viewer, I actually have the ability to filter my book viewer and actually filter based off price and volume. There's just a tiny button here on the top left here. There's actually some things that you don't even see for a long time. They're in tiny font. They're just kind of focused everywhere else. I even realized that they had a filter page right there until Fausto mentioned it to me like a number of weeks back. But hey, it makes it that much easier to hunt for the icebergs and at least filter this maybe 10,000 or 5,000 but whatever it may be. Right now, yeah, there's not really much volume on the bid that looks strong until 640. That means you could still see market volume push the stock up if it breaks just right up and through this one here, 877, 895. You got some volume out there up until nine bucks presumptively. But yeah, looking at it here, the more times it just tests the VWAP Kathleen, we got to expect support to break right when I turned the book viewer, it looks like that order got filled. So right when I turned to it, it probably just filled in right there. You didn't see it pop up in time but at least looking at book map and looking at the VWAP price, all right, we'll first break over it from this point. You'd want to see it hold the support. You need to see it hold the support for a better move up. Thankfully, the cookie crumble is pretty well there. But you know what? You should look to expect that given, hey, that's a strong level to start. The more volume that gets traded throughout the morning, it's gonna become a bigger level here as is. So if you're looking for a move up higher, maybe you got resistance up top at 895, $9. Again, right there from book viewer, you see it there, 895, about 1920,000 shares in yearly. Then the next one's much higher in price. So you can't really focus too much yet at 990, 10 yet. So I mean, that's kind of irrelevant. But nonetheless, at least stock ended up just breaking over that price earlier, held it as support. Maybe it's strong enough to hold it again here but the more times it touches and nips it and it's more prone to just smash under it. So you need to see something pop up here pretty soon or maybe just otherwise on book viewer as well, something large shows up on the bid at 850 soon. All right, so AOT, what was the trade that I took earlier? So this was actually the third trade that I took on the day. This is the most recent one. So happy I got out, but nonetheless, it was because of what we saw out there on level three and out there on book viewer and book map here. Now, hey, I guess the VWAP could have been a really good level of work off of. I wish I caught it in time from there. But I just saw it continue to push up and I'm thinking, okay, well, hey, it was moving back up to the highs. We did have that resistance out there. Again, at like $895, $9. Again, it shows it here on book viewer, each 77, first technically, then $895. So those are the two prices that you wanna keep a focal point on if you're looking at book viewer. But hey, it already pushed up towards eight 70ish basically at this time. So I'm thinking, well, not only did it just break this peak, but there's a chance to potentially see more of a gap fill over time. I'll look at the daily chart. Bausto caught this right away from earlier this past week and it ended up dropping a lot of overtime back from late March, I think this is. There's a little resistance pretty much where it's trading at now, back from support, back from 2022. But the more it pushes up from now, there is better chance to see it trying to get closer towards this area, like $9.95, $10 or so, maybe higher. So when the stock is trending up, up, up, up, up, and I know it's reversal time, 10.30, but it's on a steady trend. There's still a great case to see this try and go higher. It's not like this is your 300% mover, 500% mover in one day. Granted, it's made a 100% plus move in like maybe a few weeks time, but that's actually not a whole lot compared to what we normally see on the regular. So I thought there was good case to see this push up higher and go. Hey, maybe right place wrong time because it's actually still kind of holding here for now. But I took my entries at $8.74, I ended up getting in just as it shortly after popped up here, I looked for a small pullback. I wanted $8.60 at first and I just felt like it wasn't filling me, just wasn't really giving it to me at the time here. So I think it was like pretty much right at this point where I got filled at $8.74. Now I had my stop set at $8.65, $8.64 and I let it shake down a small amount, but then as it popped back up, I thought there was a case that it would make the move, but then all of a sudden I had hook viewer up too, but that's where you see the iceberg at $8.77 pop up about 19, 20,000 shares as it still stands. But hey, that order shows up out there. It's do or die. This thing's either gonna run right over this level and run right up, which I gave it maybe like a few seconds in my head. All right, come on, come on, come on. And just the more it stalls out, it's like, okay, well, let's get out. So I ended up closing out at $8.70, $8.69 I got filled at. So I took like a four or five cent loss on the trade altogether. I think at the end that was a decent loss in the grand scheme. I'm not trying to hold on all day to this trade. That's not my intent. My intent is to go with the momentum. So if it wasn't gonna make that move for me up towards nine right when I got in or shortly after, then hey, maybe it won't make that move at all. Maybe this just breaks down soon enough here. Maybe it does make the move up later on and right place wrong time. I could jump right back in if I feel confident about another trade on it later. But last thing I wanna do is hope and hold. Because again, the stock has had its moves over the last few weeks here. Just look at what happens back then. Early December, it popped up pretty nicely. There was a chance where maybe it could make that move there. It didn't and it pulled right back down to five and sub-five I think there for a little bit. So you just don't wanna get stuck hoping and holding onto a trade like that. Now that will segue me a little bit actually if you don't mind. Knocked out a couple of questions, Bill and Kath. I got a few more from Jill, Manny, Sam, I think and Robert, we're gonna go probably from bottom to top actually first. All right, so we'll get to questions in just a bit. But I had sent out a question earlier today right before we started this workshop, right? And if you're joining us on social media, obviously I'm talking more towards our students that are taking part in our curriculum that are paying money for our education and taking the time themselves to try and learn how to earn. That's what we always say, right? So obviously a big part of that is journaling and making sure that we're logging our trades and not just doing a duty and doing an errand and that's it. But there's a reason, right? Hey, if you go to the gym and you're going four or five days a week and you know in your head what you're doing and if you actually have a good retention of memory and you have the ability to realize, okay, I lifted 155 pounds last week, I'm gonna do 170 this week, whatever it may be. If you got that good retention, all good, right? But it probably makes sense to journal your exercises. At least so you have the ability to track your progress, right? I'm trying to get back into the swing of things and shake my fat ass out, right? I gotta lose a few pounds and at least not a few but just at least otherwise convert that into muscle, get going again with cardio. I took a little bit of time off. I'm starting to get back into it. Well, I'll tell you what, myself just the last couple of weeks I ended up starting to journal and just like do simple journaling, all right? Like lap, hold down, resets, blah, blah, blah, blah. And it allows me the chance to try and improve myself because if I didn't have that journal there, I'm just doing basically the same workouts again and not just the same workouts because that's always fine but I'm not gonna be able to see what I did last week. I don't have that good memory. You know, when I tell you, I barely remember what I had for breakfast in the morning. Obvious, that's a joke. But hey, like there's not a whole lot that I remember in the back of this brain here. I'm not the sharpest tool in the shed. I'm not the brightest bulb of this bunch, trust me. You got a lot of very well educated people here that have great experience and very high paying professions that I would never be able to achieve in my life. Outside of that, we have ex-military and ex-arm forces here that have more courage and discipline mentally than I could ever have. So that's where at least for those that don't have that retention or ability to be as disciplined with focusing in on strategy, you got it, journal guys. And again, I barely saw who answered what just to let you know. I don't even know how to get back into that poll question I sent. I swear to God in everything I own. But really, just like I asked the poll question, how often do you journal your trades and study from it? And I said, be honest with me, I'm not gonna specifically call anyone out. And I didn't, I'm not. I don't know who answered what, swear to God. But it looks like generally though, most of us had either said they either journal more than once per week, which is awesome. That's incredible because it doesn't need to be every day. But if you're journaling a couple of times a week, a few times a week, taking maybe 10, 15 minutes out of the day to do, you're gonna save yourself a lot of hassle, right? Let's just be as transparent as possible here. I don't know if Fausto is listening to this trader's talk right now. There's probably one or two things here on the back end of CTU that old Josh could probably do a better job of consistently. And if I did, then I wouldn't be so hard pressed at the end of the month or at the beginning of the month, right? So with saying that, I'm being, hey, I shoot straight. And that's what I say for journaling and trying to improve as a trader. If you're doing it more than once a week, kudos to you. Good for you and keep going at it. You don't need to do it every single day, but more than once a week is awesome because it's gonna give you the chance to realize your mistakes. I worked with a student just yesterday on a coaching call unnamed, but they had sent me over their journal. Actually, I worked with a few students yesterday. They were awesome at sending me their trades. Actually, all three sent me their journals and they had pretty good reasons for entries that went over a couple of things they could do better on for that. But one student in particular unnamed, they had sent me their journal and I know that they're getting a bit frustrated with not being able to implement the strategy, right? They feel like they have a very good understanding of it from class in the back of their head, but when it comes to pulling the trigger, they don't at the right times and then they chase and then they're taking losses that they really shouldn't be taking. So the more of that that happens, they become discouraged, right? But the one thing that I like that they're doing out of all this is that they're still sticking with it. They're still a student in class. They're joining each and every month thus far, at least since they joined as a student with CTO. And they've been journaling their trades. It's not just this one coaching session that they had journaled, but I see it actually from a list of trades. They sent me not just one day, not just one trade, they sent me a list of trades. And that right there at least just gives them the ability to study. At least gives them the ability to try and improve on their own. They're gonna say, hey, again, peel back the curtain here, probably you got like 102 of us right now in this live trading room here, like currently. I've probably have coached, I mean, outside of trial members, so outside of trial members at least speaking, I've probably have coached or currently am coaching 80 to 90% of us, right? At least in the past or right now live. And, you know, hey, for the trades that you're taking, are you really studying? For my students that I'm not coaching live right now currently, at least, you know, if you have done coaching with me five years ago, six years ago, I'm talking to you. If you've done coaching with me three years ago, two years ago and not right now, hey, if you're not making your days pay, if you're not consistently making money, or if you're not feeling good about your trading at the very least, are you journaling? Were you one of the students that said, hey, I'm journaling more than once a week? Because if so, then let's work together on that, you know, send me your trades, not even with the coaching stuff, just send me your trades and we could have a second set of eyes on it, correct? So with this one student, I wanna actually go over a couple other trades that I ended up taking from today. Hey, it's all based on preparation. And alongside the journaling might I say, this student from yesterday's call, they've expressed to me and I've seen it, they've done a good job with their prep. The more prep that they do, the better they'll get at it. That's the key with prep. You know, you're gonna realize where you have your iceberg levels, what's the stronger price to focus on? Wow, this thing's still holding, okay? So what did I focus on at least going into the market open today? Well, normally I'd be more accustomed to like a NEO type of stock, NIO, which was on our list, popped up a little bit. Nice move. It hasn't been so fast. We're really gonna slow trade even on this move up over the last week. So, you know, I missed out on it and that's something going into 930 that I accepted. I said to myself like, all right, I'm gonna focus on Mara, I'm gonna focus on PBLT. I focused on another trade BLNK which we'll go into in a bit. I was thinking about AMD, I held off and then it popped so I missed out on that. But just more or less on NEO here, listen, we gotta accept certain things that may happen. For all the stocks that you focus on at 930, you can't focus in on every single move that's happening, especially the ones that you didn't take the time to prep for. So NEO, that's fine, popped up without me moved fine. But PBLA, this was trending upward going into eight o'clock. I know it felt flat, but then leading into 930 when Fausto was doing the meeting, no, it was pushing back up. It was inch and back up ever so slightly. So what's the trend of the stock leading into the open? I don't think any one of us would say down. And certainly at this point after 9 o'clock, it's gotta be up at the stage. It was flat for a little while, but it was moving up leading into the open. So we're seeing more buying going into the trade there. Now I took my lines off, I wanna realign this chart for all this year. My trade was very simple. So right out the gate for Wendy and Bill and Kathleen and Doug and Glenn and Leo and Mark and all of us just joining us right now. Where are we plotting lines for this PBLA chart? Where are we plotting lines? What's the first set of levels that we're plotting here on PBLA? We'll get to book mapping a bit, but we're replotting lines right out the gate on PBLA. Bill says, I journal my gym visits. There we go. I like to see that. Yeah, I gotta hit the gym later today. I did a run yesterday, so that's all I did. Day before that, I did back and I did a nice run. Mixed in some apps, I guess, but I gotta get back into this one of things. All right, what do we got? What are we plotting? What's the first thing that we're gonna plot? Now, Kat says the open price, which is awesome, but that's at 9.30. That's the first thing we're gonna plot at 9.30. Right after the market opens up. Let's say this is pre-market. You're plotting lines to this chart at nine o'clock. You don't know where the opening bell print is just yet. What lines are we plotting? She's on the right track though. So obviously we're gonna get to opening print next, but right away after, and it's the first thing that you do plot right out the gate, it's 50 cent levels, whole numbers, from Mark and Sam and Lee. Well, Lee says previous high and low and close. The high and low is dependent upon how strong that higher low is. What was the reaction off of it when it got tested? Not on the whole day because, I mean, hey, it did have a strong reaction off this peak from yesterday because it closed much lower, but that's where we'll get to yesterday's chart if we need to. But yeah, 50 cent levels and whole numbers, so 150, $2, $2.53, right? We'll get to those if we need to at the time. I don't think that this broke over two, so I think they were safe there. But just nonetheless ended up making like a little hold over 150 in pre-market, tried to make a move up to two here as well. Either way, for a cheap stock like that, that's the first thing you got to plot, like number one. Let's look back on yesterday's chart. We'll do that at least. Oh man, this thing's been through the ringer from the after hours into pre-market, holy smokes. It's been like three days almost over that time, it felt like, yeah, I mean it had a little peak here at 164 from 2.30 in the afternoon. Unless if there was an iceberg order there, Lee, or if there was one right near it, I wouldn't be as focused on that exact price. Let me just do one thing and I'll bring open the book map again just to kind of show past history, but let's at least say. Yeah, you don't really have anything too respectable that pops up and stays there. This pops up here and stays there too. So that obviously is a big level. Even otherwise, not a whole lot that I'm jumpy towards from this heat map here really. Maybe this at 141, but I'm not even gonna draw a line. But just more or less $152, that's pretty much hit thus far. Now in pre-market, that could be a different story. There could be a better iceberg in pre-market that pops up, right? There could be like a new level that shows up this morning. So we got $150, we got $2, those are assumed levels. And again, two is a confirmed level. That's like point blank right there. Now, let's see if we can make this any easier on the eyes. I try and make this as easy as possible because I focus on the lines that are the darkest red orange, but then I focus on the lines that are there the longest, that are getting filled and the lines that are there the longest. So I'm not focused on this tiny crap here. Not focused on that, not that. Even this, not that. Now, this pops up at the same price, basically $197. That stays there heading into the open. This pops up at two, which is already a level obviously. Stays there. This pops up, you don't respect it right away. Stays out there for about 30 minutes. Okay, I like that. And then it breaks over, right? It actually broke over. It actually filled that order. So that's where you're seeing more proactive buying at that time, right? You should be, you're seeing a break above resistance, assume buying and then from there, perhaps the stock can go. Well, it didn't go, at least not yet. So, popped up within the first one, two minutes, and then broke down shortly after 9.35. So if there was a case for this to try and run, perhaps it could be from the opening bell print cat. Maybe if you're looking for it right here, pop it in, let's go, let's go. And if it doesn't, then it's like, all right, well, if it's not gonna make that big pop rate then in there, then it's more prone to make a drop. But that's where I'll tell you about my entry here this morning. This was a nice smooth trade, at least after the first few, like 10 minutes or so, 15 minutes maybe it was. Look at this bounce right now, actually. So it's off the same level, directly off 150. It was pretty smooth under and over. Drop down, drop down, drop down. And as soon as it pulled back, I'm waiting for the break under 150 and then the move back over 150. If there are times where I don't get that, actually. And like the sucker just holds this level perfectly or just hovers above it and I don't jump in. So I really am a big stickler to this perfect under and over that I look for. But that's what makes me more reactive to take it, right? Now you could just say, oh, let's write 50 cent levels. Okay, okay, okay. Well, hey, that goes back to another question I have here for you. How often do you plot these lines on your charts? Do you plot these levels prior to 9.30, right? Or do you plot them afterwards after the opening bell? I had another student I think I mentioned last week unnamed of course, obviously. But I was going over with them, like they're a great trader but they're plotting their lines after 9.30. And it's like, what are you doing? You got all pre-marking, twiddling your thumbs there the whole time. So you gotta take the time to plot these levels in advance. I mean, obviously the 50 cent levels and whole numbers we should all have in the back of our head knowing that those are strong. But when it's on the graph and it's just there and I see it, it makes me remember, hey, there's a reason I plotted that level, right? It's not just a 50 cent level whole number because not every 50 cent level or whole number is going to be as large. Actually what made this to be transparent like the level it really was was the fact that there was an iceberg that showed up here in pre-market, there wasn't like a whole lot. So that was just an assumed level. After 9.30, okay, he had something pop up, 52,000. You know, not as big as what's up top but like, okay, that's something. And then, of course, there we go. You know, 192,243 shares, you know, popping up here on the order book. Again, you would be seeing this on Book Viewer on level three as well. If you were, you know, watching this at the very, watching this at the very time. So I'll do a comparison on that in just a bit and see that see a big iceberg order actually at 140 now. But at least from earlier, right? And showing here, it looks like they're laddering their order down almost it seems. So I took the entry just under and over. I was not really focused on this until like honestly a little bit later on. And I thought it was a bit odd to see this order ladder down the way it did because, hey, if we see a ladder like that, normally we should expect to see it kind of drop lower and lower into this area. So maybe that's what will happen soon. But at least from earlier, I took at least the trade. I set my stop right under 150 or 146 or something just right under that level from there, big move up and above. Now, little producer's note right now. I don't know if you hear anything folks on the stream in chat right now. If you got a little bang and rummaging outside my home office, you got these construction guys out here all freaking day. So there's my Yeti microphone. I got my good mic going right now. I don't know if you hear that, but I sure hear that. So we're gonna work through it folks, all right? Now, with that said, where did I get out on this trade? I wish I could tell you I got out perfect at like 177 or 173 here. I gave this a little chance at first, but then by the time I pulled back under Kathleen under the VWOT, I took profits at like 66 or even 65, 66. It was just right there in and out for a smaller trade. That was my first trade on the day. So even again from last week's edition of Traders Talk, talking about just making sure you start off with a cushion amount, whether it's five bucks, 50 bucks, a decent cushion on the morning. It's not to say you have your back against the wall on trade number one, but at least within the first few trades, I'm not trying to swing for the fences and assume 100% mover up or 50 cent move easy up to two. No, like that's my plan. I would love to see it go up to two. We got good time in the morning to see it happen, but I take things level by level. And you see a lot of times these stocks, at least the PBLAs of the world crap out and they'll completely pull back, come back down the other way. IBVD from yesterday, ICCT from yesterday. I'm sure C-Gen big trees are gonna fall hard there. Looks like it's still consolidating slightly, but even from earlier, it's pulled back a lot and it likely will continue to. So for the PBLAs, same future awaits this one basically. So you don't want to get stuck on the other side of that. And especially early in the morning when you don't have your cushion amount to have like what was that even like? That was nearly a 30 cent profit, 27 cent profit. I didn't want to waste all that. I didn't want to be a total gemoke and just blow through all of that unrealized profit. I do that once I have a cushion. At least even if it's a small cushion, I don't have like a grin on my face like wasting a big profit after, but at least I have a cushion that can satisfy. You know, it's about perspective when it comes to trading. So at least on the first few trades, you got to make sure you're at least building some sort of cushion. And what was that like 16, 15 cent profit? I'm happy with that, right? That's a pretty decent cushion on a thousand shares. Right now as we're talking, this thing is giving another world back up. So let's take a look right now on book viewer on PBLA. This is where you had big support at 140. It shows it on the heat map too, but obviously you could just see right here, big support at 140. It's not really moving towards that price though. It doesn't seem like it's moving towards there. So I would say, and again, I have this filtered out. If you really want to see the full naked version of book viewer, just to see full transparency of order size and comparison. Look how large this one is here at 180 compared to everything else out there on book viewer so far around it. Obviously 190 is ahead from there, then you got two, but at least initially 180 is a resistance that's popping up right now. I wouldn't be so kind to jump in right under that price. I would leave that price to at least break if I'm looking for any sort of move up. 180, this isn't too large in comparison. So that's kind of fine, 185. I don't care about that. 190, there's a lot actually up until 190 even. 78,000 shares out there currently on NASDAQ. Normally a stock like this typically trades like five and 10 cent levels. Like pretty much every five or 10 cents you're likely to find some variant of an iceberg order, some larger order out there that could be showing a support resistance. So even with that, it popped up there pretty nicely earlier, then pulled back. So clearly that is a bit of a top. And the more times it nips that level heading into this time of the day, perhaps we can get a much better play, a much larger breakout over time. So that was the PVLA trade at least from earlier. I had no business on this afterwards. So maybe later on today even, this could be a nice trade for myself. I'm gonna be on a few calls later coming up after this workshop. So actually this breaks over 180 before we move on. It's tough. You don't really have a clear level on this thing. You got a gap fill obviously there. Maybe if you're looking at this, like 201 seems to be a pretty good chart level. If you look back from June of 23, June of this year into July into maybe August that is, it was holding pretty nicely. Big upwick here on this day. So you know it's a pop and drop stock. Obviously history will repeat itself again. But the more it does push up there, perhaps we can get a break over 180 and move up to two. So 20 cents perhaps if you're looking at just one level to that next. But again, even 190 comes first. So you know, you got to take things step by step. All right, so John says, yes we hear that, but your voice is still clear. Okay, good. It looks like audio is good to go from us in the chat room. I refixed my office obviously as you see. So let me just actually go through YouTube chat right now and see if there's any comments from there, any trades that they'd want you to go over as well. Got a couple more questions I want to go through. But the whole MO of this trader's talk is A, as always to discuss the prep part of my trading. You know, at least making sure you know where the iceberg levels are. You know, Fausto likes to have a notepad, you know, right next to him and he has it written down on pen and paper, right? To each their own, that's obviously as good as putting it on the chart itself. So you know, people are different with their eyes and if you don't like having too many different things on the screen here, then you could put it on paper. So to each their own there, as long as you simply have a pretty firm idea as far as where support and resistance is. But after the PPLH trade, this is where I can go into Mara. Mara, just the whole Nova 22 a bit, now shaking back down on this last candle, but Mara here, I wish I could say jumped into this out the gate this morning. I didn't. And this was just one of the two or three that I took the time to prep leading into the open. So, you know, I was looking for a move over 21 or over the opening, print namely. And obviously made that pop. Looks like it took a few minutes, but made a really strong move at first without me. I was in PBLA, I was looking at other trades. And that's fine. As long as A, you're making money on another stock to any degree. You know, hey, for Brian and Lee and Grant, John, Kathleen, Margaret, Linda, all this just here. Hey, I think that we're all gonna stay here going into the end of this week, right? We're all gonna be here. And even if you got something to do, you got the holidays coming up, markets going nowhere. We're gonna do the same thing coming up next week to week after. So it's not just for me to like always have a smile on my face when I miss a huge move, but it's for me to accept that and say, okay, well maybe resistance could become support here. Maybe there's another stock making a decent pop at the same time, right? This isn't the only efficiency. So I was cycling around. Marry's been a stock we've done really well on too. So that's also you can factor that in like, hey, like this stock specifically is going nowhere as far as like, it's not the last day this thing's trading, right? It's going somewhere and the direction's up. But otherwise, because of that, we've done pretty well on stocks like this and CLSK. So, you know, that's easier for us to kind of write off saying, oh, I missed out on a dollar move here today. I missed out on a dollar 50 move at first. All right, well, let's see if resistance could become support. So, you know, over time, we ended up seeing this come up towards 2150, ended up beginning to pop from there. So that was pretty much where I was first, like kind of coming back to Marry. And it was like, damn, this thing ended up making a pretty strong push. So I see it make the move up towards 22. And then as it begins to pull back, I'm looking for support. I wanted to see 2150 on support, but we didn't get it. All right, so ended up seeing this begin to make the push up from 2150. And was it from Book Map or was it from Book Viewer? And they had been from Book Viewer and it doesn't even show it too well here. It was right off 2170. I'll try and zoom in a slight bit. Hmm, doesn't show it even too nicely, but from 2170, about 14, 15,000 that pops up on the buy side here. What happens is this ends up breaking under it and it drops. So I'm like, okay, let's move down, move down 2150. It doesn't give me that move. And it begins to push back up and above 2170. And that's what generated my entry on this trade. So it took a little bit, but it pulled back down and then back, back up, right? I got out on this trade though, as it broke over 22 or just as it made the initial test of it because by the time it ended up coming back up towards 22, actually they like test the level. You are expecting resistance to hold. The more times it nips and tests the level, that's where you are expecting more of a pop later on. So maybe even coming up, that could be a good trade for us to keep an eye on. But by the time it ended up coming up to the level again, I was like, is it gonna really keep going? This thing's made a hell of a push already. And hey, I guess it could because the more that we kind of keep seeing resistance ahead, 25 would be your next level, right? I mean, you got 2250, 23, but 25 ahead. I'm not really thinking that far ahead as a day trade. As a long-term, obviously that's something to focus on for, we'll probably call it midway in January or maybe beginning of January. Hell, if it makes that move, by the end of this week I'd be pretty impressed. But for as much as Mara already moved up, you definitely have to be more picky and choosy with taking profits. Same to be said for any trade. Hey, what happened to C4? Obviously on the intro day, it popped up and closed pretty nicely here. Maybe you could have held on, but that's not the right idea. Even the next day it popped up higher. You could jump back in as a day trade, but eventually for as much as this pumps up in this very short amount of time, you know it's gonna drop. And the same thing is gonna happen to a lot of these stocks. I mean, AMD, you'd figure this has been on fire of late, but there's actually been a few red days. This thing is like chopped around a slight bit here and there and then pushed up today to break a new high. Even before that, it ended up breaking out here before the next day or before the next big green candle, and that a consolidation day. Hell, I feel like Mara is pretty much all the last like five days has just been on fire. So not only that, but in general, the move that we've seen from back in early November, then the more this goes up over time, it's gotta drop, right? I mean, you figure the same would be said with a stock like a firm. And it was for a little while, pardon it. It was pretty much right after this point, it broke over 25, had a bunch of green candles in a row. The more it pops up, you gotta be more skittish on it. Like figure, all right, maybe it's gonna hold resistance and pull back, hit support, maybe it just consolidates, right? So I have no crystal ball and I wasn't expecting a firm to be at 51 today, at least from a couple of weeks back. But man, this thing kept trucking up, but it definitely had some big shakes throughout though, right? Man, Mara has not really been that type of stock. This thing, the last five days at least, just green, green, green, green, green. So that's where you gotta be even more skittish after, you know, move up like that. So Bill says, Navidea has moved today as a good example of a pullback. And well, AMD went with it, right? You know, not yes and no, because you could say the same with Navidea to a great degree, like after earning this here, this was like back in June, you know, had green candle, green, big green here, break into all-time highs, I believe that is. So you figure at some point, this thing's gotta cool off, even if there was another larger green candle, like that's the type of volatile pop. After that pop where it's like, all right, let's expect a bit of a cool off day. And the more it keeps going up, you can't feel too confident with like, oh, it's just gonna make another dollar pop on the one minute chart. Eventually the foot's taken off the gas pedal. Bill, go into your Uber. You know, Uber was like that. Uber was pretty nice here. Coming off earnings this day, I think back in November six, at least otherwise it, you know, filled the gap and broke way higher. You know, it took off the subsequent days later on. This was more of a gradual push. So I noticed it's all green, but it's not like a fast move at least. Now this is a more volatile pop where it's approaching all-time highs. So hey, maybe it could have blasted those highs, but the more of those larger green bodies that you see, where it's closing near the highs, you gotta expect eventually on the intraday side for this to begin to like chop around or to cool off a little bit here and there, right? All right, so really quick. I wanna get through a bunch more emails that came in, but to kind of hammer the point home as far as like journaling, I wanted to ask that question because it's full transparency. Hey, you know, who is making $500,000 a day here, right? And you know, as far as those names, I'm not asking that specifically, but I know generally the answer to that question is the people that are more attentive to the trades they've taken. And I don't mean that like attentive, like while you're in the trade, I mean like afterwards seeing, hey, why did I really take this trade? And hey, if you're not journaling and really writing everything in, but if you are taking 20, 30 minutes, maybe a little bit more on certain nights throughout the week to go back on book map and go back on the chart and actually like reverse engineer a move that I'd consider to be pretty much the same thing. So if you're doing that at least and actually putting a more hardcore effort in with like, you know, trade reviews, kind of looking at the heat map side and reverse engineering it as I said, going back on the whole trade, almost like doing a mini traders talk to yourself, that's very good as well. But if you're not doing that, then you gotta ask like, hey, are you making money? Are you making consistent money? You know, you might be making a couple hundred bucks here or there, but is that where you want it to be when you start it with C2? Or did you see certain stocks like PDLA at least and certain stocks like C4 and ask, no, hey, C-Gen maybe that one was from earlier in pre-market, but you know, hey, looking at these trades and ask not to get all the meat off the bone, but how can I at least get a good chunk of it off there? And on a thousand shares, obviously on cheap stock like this at least, you're gonna be able to walk away a pretty good winner if you're there right place, right time. And the keyword there is if, if you're there right place, right time. Well, the way that we're there more often than not is by having this prepped up in advance and the way that we get there more often than not is by journaling at least dated week to week, right? You know, if it's not day to day, then week to week, few times a week, it gives you a very good ability to realize why you're doing what you're doing. All right, so let's keep rolling through emails right now. A couple of these are probably like, no, hey, I don't have any questions right now. Thank you very much. And I always get that friendly email from students at times. So I'll probably see through those. From Robert Kaye, very quick here. You have two columns of time and sales shown right there below the daily chart. Absolutely. Why are there two columns and why are they different? Please explain what each column is there. Absolutely. So, oh, it's not even show. Hey, let's make her platform clean, Josh. There we go. All right, so right there, two time and sales right below the daily chart as you could see, right? So the time and sales towards the right, the one closest to the matrix and my position manager here, this one is my larger time and sales. I actually moved it. I swapped them, it used to be on the left side right there, but I swapped it because, well, it actually makes it that much easier for my eyes to like be centralized just around this part of the platform because I'm more so focused on the larger time and sales, looking for the bigger prints that get filled across the day, especially for a larger order book like this where you have some bigger orders, 14,000, 12,000, 16,000. So you're gonna likely see larger prints compared to the smaller retail, not even compared, but this will move a lot faster. It's a lot harder to digest, right? This at least keeps better track of any transaction greater than 10,000 shares, or I'm sorry, greater than 1,000 shares, pardon me. So where you see 20 under size or 10, that means 1,000 or 2,000 respectively. We teach this all throughout the phase one stock course. We actually just covered it back in November's classes this past month. So as a trial member, we do encourage you to join us as a full-fledged student. You don't need to dive right into the deep end of the pool yet, the advanced trading class as Faustid teaches, but we start off at phase one. And I know one of our students, Linda, I think just joined on recently. She's been going through classes, I believe, and we teach that later on. So that's more in the November classes we just wrapped up. My time in sales on trade station looks different than yours. How would I be able to duplicate that setup? So that I could have my colleague Rich private chat you there, you could probably take care of that for you or help you out. All right, so next one coming in from Paul. Here we go. Paul, got a call with you in just about two minutes actually. So how about this, Paul? I got this really quick for Paul. One of our students here joining CTU actually just recently, I'm gonna give Paul a call coming up at 12 o'clock as scheduled and I'm gonna answer Paul's questions actually right there. Make good use of time actually. Kathleen covered VWAP right there for you. Just checking my inbox again. We covered that out the gate. I saw that going into the session. There we go, Vic. So this is from Vic here. No question so far. Doing gut renovations on his house and keeping busy there. So wish and Vic well, one of our Platinum students has joined us at our Trader Summit class here in Long Island. So with that said, I think Vic was with us in the Florida one if I'm not mistaken, actually the Florida one that we just did recently. Nevertheless though, we keep going. From Jill saying here, don't have any burning questions at the moment except that maybe I'm surprised at the market exuberance lately. So again, that's kind of where we look at like just reading the charts, right? Why are we bearish? That's the first question. Why are we bearish? Oh, I got way too many freaking lines there. Holy smokes. Just delete that. I don't even know where that's from. All right, so we'll re-chart that over time there. But why are we bearish? Because we dropped last year? Because we had the big shake in COVID. Why are we bearish back in 2011 here? And if you were to go back even longer than this of course, it is truly to say that obviously the whole general trend of the stock market has been up and up and up and higher lows and higher highs. I didn't help when we recovered the way we did from COVID. I'm sure we're expecting some sort of slowdown over time or recession per hour, micro recession that even you can call. I think we'll get that probably in 24 at some point. We'll probably see the end of this top again. But over time, we gotta be more bullish than bearish. And what I mean by that is you can't be hanging on to bearish trades after the markets continuing to push up. We gotta get the hell out. We gotta move on to literally greener pastures when it comes to making money. So we had a couple of strong gap ups here where back from end of October, early November, it was so strong that definitely surprised me where I was thinking we'd get a pullback down to it and then probably back up. We didn't even get that. We just kept going up, right? Now let's say you're thinking, all right, maybe we'll top out here again like we had back in July, then we'll drop. Okay, there was actually a point there. There's actually a point where it hit there, right? Like that's a little peak and had a strong rejection from there. We'll just call it. So, you know, I had a number of days it was looking all right for a moment. But as we say here, trades will look all right until they don't look all right. And when we see the market break higher, we just simply need to take the L. You gotta get out and move on. It's the same thing as hanging on to a trade that is dropping on us, right? The more that the hanging on to a trade like C4, we know where this is going. We know the direction of this over time. It's been making lower highs of late after this pot. So even if it makes a day trade type of pop that I can buy, just gotta look at the long-term or the more recent move that this stock has made. And that goes for the market. That goes for select equities, we'll call it. You know, stock like Rivian, obviously. Like even this back from November, this didn't push up with the market right away. So this was more bearish at first. If we were to go back to where the spy topped out late November, early December, maybe there was a case to try and short Rivian here. If you were thinking the market would hang at resistance there and drop off. Well, right here could have been an opportunity to go for a short or to buy puts. But when the market pushes up higher, you gotta expect at some point in time for this to make a better move upward, especially it was pretty weak over the month prior, at least, right? So it wasn't really moving as well with the market beforehand and then just out of nowhere. You got these pops, but the fact that it's quote unquote out of nowhere, it really shouldn't be. Because with the way the market was pushing up, rising tide is gonna lift most boats, right? Most. So you can go on back to like a Tesla trade. This has been pretty choppy of late. I'm sure we're gonna see this make another strong push again upper, it's only a matter of time, I feel. All right, so actually really quick folks, we gotta do like a lightning round here very fast. And then from there, I gotta give a call to my student Paul and keep going throughout my day of coaching. So question for many, what normally are students or what normally students are placing the bracket order or move or after a move, then lock the profit or trade. All right, I think Manny's asking about taking risk management, right? Just kind of looking for advice on like where to place the stop. I don't use bracket orders. I think they're not complicated, but it requires an extra click or two. And when it comes to playing baseball, you don't wanna be slow to the pitch. So if you're really comfortable using brackets already, then keep using them. I'm not gonna force you there, especially if you're very quick with using them and you're able to retain profit. You have a smile on your face at the end of the trades. But otherwise though, we train our students to more so just set a stop limit order up. As soon as they jump in the trade and then from there, it's simply to say over time as the stock attempts to make a pretty big move shortly after, then depending on where the iceberg orders are, where the previous big level was perhaps on a trade, you could focus on moving your stop up in coordinates with that. So let's say something like, you know, break over 180. Or even here, let's just say like, oh, VWAP price actually on my matrix here. My level three shows the VWAP price, this bright blue, 166. If you think that's gonna be support. Okay, well, if you jump in right now and set a stop immediately, like right underneath that price and the stock bounces back up to 180 and breaks above the line at 180, then, hey, let's see if 180 or just right under that area would become support and raise your stop. So that's just generally something that we teach our students more in our phase two curriculum. Last one here from Sam and then we gotta jump. But what degree of power do you give the VWAP as resistance support versus the opening bell print versus 50 cent levels and big icebergs? I don't have a very fixed answer for you where it's like, you know, two times, three times, whatever it may be, right? And I just gotta say that out loud because, you know, hey, dependent upon how strong the VWAP has been, I'll focus on it more. Let's say here for Mara, this smashed over the VWAP this morning and flew. I don't think this came down to it at one point today. So for a pullback, hey, truth be told, I would look for a bounce around the VWAP here initially. It broke off it from early in the morning at nine, basically 9.35. And then it came back down to it at 12 o'clock. So that's a long amount of time in between tests. I would look for the VWAP to be potential support, but along with the VWAP, I would look at this iceberg at 21.50. It's like kind of just eight, 10 cents away from each other there, it looks like. So the combination of those two prices should be support. And what I mean by should is, just to be like captain hindsight and give you like an after the fact little scenario here, I wouldn't be jumping in right from 21.50 here. I would be waiting for, or I'm sorry, I'm sorry. I wouldn't be jumping in right from the VWAP here. I would be waiting for 21.50 to get tested, right? So, because it's the combination of them that act as a range. It's not just one, it's both. So you wanna see this break under both, break over at least one here. So let's say you take it right from here, then you gotta see it build up higher over time. You gotta see it at least hold this, which it didn't. And otherwise, more hopefully, you gotta see it eventually move back above this and hold above this and go. So, otherwise, it made the first move down and there was a case to try and jump in. When a stock breaks through a big level and we jump in, we should be getting that big move up. And I would have expected at least a decent pop at first, at least to give me something. So it goes to show that there's probably something happening on Bitcoin right now for this stock where it's like you're getting a drop. But hey, that's where we say you gotta set your stock tight. You gotta put your seatbelt on as soon as you jump in. For no reason would I ever be trying to hold on to this trade now. If I jumped in from like 21.50 this year, I'm getting out at 21.48, 21.45, or just like when it breaks lower from this little point, there's no reason to try and hold on any longer than that in terms of time or in terms of the move. You could always try and jump back in if there's another bounce back up. There's always another stock out there that we could try and capitalize on and try and jump in off of like this, the VWAP. So we're hood on the web, whatever it may be. So I can't give you a very fixed numerical answer, Sam, on that, like what degree of power? You know, I consider it strongly, especially if it was a clean breakout over it and it flew off the VWAP and it ran. First test of support honestly should be the best test. So I would feel confident to a great degree taking that type of trade at first, but you gotta be getting a big move shortly after. And if you're not in the direction that you're expecting it to go in, then it's gonna make a big move in the direction you're not expecting it to go in. That's pretty much as cut and dry as that, right? Folks, I'm gonna part ways right now. We got a bit of due right now. So with that said, hey, for all of us that are not joining us here across the next part of this week, heading into next week, might I wish you and your family a very happy and very merry Christmas, of course, to you and your family, your friends out there, of course, and just everyone all together. But you know, hey, we do this each and every week here. We'll be back right back on social media next Tuesday with another edition. Obviously we'll be back on later on today, at 2.30 Eastern later on this afternoon. Any questions that you got for myself here, folks? Shoot me a quick email. Josh at ctutrain.com is the handle right there. It's been showing the whole time. Perfect, love that on social media right there. And then otherwise, just if you're not followed or subscribed just yet, as always, as I say, be a friend, tell a friend, spread the good word of Cyber Trading University at Cyber Trading U, look to join us as well, just inside our live trading room, scan that QR code just on the top left of the stream right there. I got to refall up on water. We'll be back folks.