 What's up, everyone? My name is Alex. I'm one of the co-founders of MyInvestingClub.com. If you are brand new to trading or are curious about trading at all, I want to let you guys know about a free two-hour mentorship course that I put together with my mentor, Bao. It is available at MyInvestingClub.co. The link is going to be right here. This is a free webinar with limited seating every week, so please click on the link and reserve your spot before the time runs out. Also, a special bonus for all of our viewers on YouTube. So if you guys have any questions about MIC or you're curious about joining or you don't know if MIC is the right fit for you, you can now text Tosh, who is one of our head mentors and head moderators at MIC, and he'll answer any questions you have about MIC. His phone number will be in the link in the description. It'll also be right here. Thank you guys for watching and enjoy the video. Alrighty, so it is March 3rd, 2020, round two big cap webinar. Today we're going to talk about the pros and cons of trading big caps versus small caps. And then we're also going to do some watch list recaps, reiterate some processes, go over some setups, and then we're going to talk about market analysis. So right now it's a crazy market. Alright, so like we talked about last week, I'm going to go over some watch list recaps. Every day I've been posting my watch list and the watch list channel for everyone to follow. This is to give you an idea and some insight on how to trade large caps and the type of analysis and process I do every day that Sam does every day that all of us do. Okay, so this was the watch list on February 26, 2020. And get ready for a crap load of charts and analysis. I'm about to hit you with with an epic fuck ton of charts. So this was on February 26 commentary about spy incredible sell off. It's not a penny stock though. It's not going to go straight to zero. There's going to be bounce days. Just be cautious. 300 was a big support at that point and 320 at that point was a big resistance. The stuff that was on watch. This was when Marna was gapping coronavirus related ticker really has a ability to recover off a bottom 25 was a support 29 and 30 were resistance. It's almost an all time high. I was more bullish on this. I actually think Sam actually took the short on this day at the 30 line. I don't remember if he did or did. Did you That was a Thursday. The next day. Do what? That was the next day off. Next day. The next day is when you hit it in. So and then WB and then space. So as you can see, I'm just scanning for gappers. I'm just looking for things that are gapping up and gapping down. I want a catalyst and I don't just want to trade just anything. And then I've got two continuation plays. These are the stocks that tend to trade within a range PTO in or Paladon, Paladon, Paladon. Is that what you call it? Paladon, Paladon, Paladon, Paladon, Paladon, 28 and 30. And then lift 4250 to 44. Yeah, I know, right, Tay. Yeah, I can't watch you without going on pole, Paladon. Here's your new Paladon bike, honey. So here's getting a divorce. Yeah, right. Get a divorce and done. So the plan was 25 as a support line potential long off of that line. It never reached that line 29 and 30 were the resistance. Now look at what it did right at the open, right at the open. What did we do? We played right along with it. Like we played perfectly right along with 29 right there, right 29. And then we pulled back, rebounded, hit the 30 line and then pulled back and stayed within a range the entire day. This is just the point of playing simple support and resistance. You can play long and short all day long, but just simple support and resistance from the daily chart. WB, the plan was to enter into gap down 42 as a potential short. It opened at like 40 up here, I think. Oh, no, it didn't. It opened at 41. No, no, that's talking about this candle over here. I'm sorry. So it opened somewhere in this range up here. So 42 line was invalidated at that point. Obviously you can't short the 42 line up here. So that's one of those where it's too far above my line or too close to my line. And I just move on past it. Space. Oh, space plan on this day was 33 and 35 lines for potential short 33 line in the morning. You can see we played between 33 to 34 the entire morning never moving from it pulling back all the way to nearly 31. So this is why I keep a wide stop in the mornings. I keep a wide stop and I dance around that stuff. Sam does this a lot. He'll take a short out of line cover a little bit and then start to play off a high a day. So basically, he'll short into this line right at the open cover a little bit into the wash and then it pops back to VWAP and in this area 33 is going to stop right here at the high of the day, right? And then once it pushes over 33, you know, you stop out and you reassess and then it slams back under the 33 line. You've got to reshort, right? Because it's back under your line. Your line is holding as resistance again. That's a confirmation. When it comes back under the line like that, that's confirmation 35 highest we got was 34 69. You could argue that that range but I mean, that's a little far for me. I mean, I don't know about Sam, you play these in a certain particular way during midday, you've got to consider that this is right around when you wake up. So what would you? So it's up when I wake up and then I just short, you know. So yeah, how do you choose price targets? Yeah, it's just going to be it. It's going to be pre market highs or daily resistance points. For shorts, it's going to be pre market lows, green, red. Oh, that's also for a long too, you know, red, previous closing price, pre market highs. Red to green. We never mentioned red to green is a great indicator for large caps. If something I always take something like if I'm day trading, that I'm always taking a piece of BWAP. If I'm swing trading, it has only to do with the support and the resistance of the chart. When a stock crosses the red green line, do you wait for a five minute bar to close for confirmation or just get in? I don't really buy green moves. I do rarely when like the rare times I go long, but I like to just flip so breaks through with authority, red to green goes green. I like to buy that first pullback. Yeah, volumes the key I like to buy that first pullback into the line and set the risk for red and yeah, I mean, I could get faked out, you know, could wash red, but I don't go long often, but that is a setup that I will if it's like, you know, something over high of day. Alright guys, take it easy and stay safe in this crazy market, guys. And don't buy the dip this time. Word. Alright, see you guys. See you, Joey. Later, bro. Later, folks. Thank you so much for watching our video. If you want to see more of our videos, please subscribe to our YouTube channel by clicking the button here. 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