 Good morning cyber traders. Happy Tuesday on this August 20th. How's everybody doing? Good to see you all good to see you Brian Phil Ken. Good to see you. Casey Larry bones Brian everyone. All right guys So we have a pretty exciting day. Hold on. We got it's got a Typed in the wrong symbol here WI Just want to bring up a symbol that we traded yesterday. Was it the YA? MA there we go. Are you MA? There we go. Oh, it's off the wrong. There we go. All right, so So we got going on right now ladies and gentlemen Yesterday, it was a pretty fun day. We had a couple of good stocks that made some big moves I had a nice little bit of a rally in the market a little bit nothing crazy But it is a Monday and I told you these next two weeks are gonna be kind of very Quiet in a way of you I mean you got a lot of volatility going on in the market You saw what happened yesterday, but be very very careful like I said today I personally do not like to do any swing trades going into you know into July I wait till September, you know right now It's just more of a day traders market and just focus more or less on your day's pay I do want to bring up this one great stock that we did really well on yesterday Which is the why you may really quick before you go through the watch list, but this stock was I mean This was a fun stock here's stock to start in pre-market a lot of you guys had fun around 830 stock ran from $2 Went all the way up to $5 and then right in the afternoon around 2 o'clock things shut up all the way up This almost seven and then it just came crashing down and like I said You can't go broke taking profits because look where it is right now exactly where on it started almost yesterday So what to me? What do I look at this stock is why did go up so much? What is it? You know what? It's irrelevant because we all remember we did trade this stock a few months ago when it ran from $2 To $8 it's a short squeeze. Okay, it's a short squeeze. It's basically what it came down to it But what you should have learned and what you should have done is the ones that were trading back then is to go back Look at your notes, which is what we train you in school in in the CTU program go to your notes Look how you trade it Every day you trade you want to write some type of a brief description on that trade because I tell you this all the time You're gonna trade it again It's just how it is and you know what you're gonna say and in some of you you did great on it And if you did great you can do phenomenal on it Some of you didn't do well on it or broke even on it You're gonna finally do great on it because now you know how the stock trades There's nothing that changes the style of the stock other than You know what you know what would they say you can't you can't Tiger can't change the stripes Same thing with it with the stock. I mean listen, they all trade exactly the same. All right. That's right. Ken. Keep it simple All right now on what else that we have pretty good yesterday The PCG was also pretty good yesterday. Let me bring that one up. That stock was just a great short now I'm gonna throw PCG on my watch list just in case for a dead cap bounce, but that PCG just You can see it had a big spike came right back down and it had a little bit of a pop right around 3 o'clock Nice little move nothing great, but in the pre-market. She was a great great short and And then you had the IQ yesterday was earnings came out was in the pre-market so IQ we're gonna keep close eye on this one right now IQ is obviously not doing too well On that stock right there. We're gonna keep an eye on that with earnings from yesterday. All right So keep an eye on that. So what else we got going on this market? Well, listen, there's a couple stocks are pretty damn huge today Let's start off with the IBIO trade now. I'm looking at the IBIO This stock is the phenomenal stock started at 6 o'clock this morning went from a dollar 40 all the way to six 360 and then she tanked right back down to a buck 80 now I'm looking right now this stock is trading huge amount of volume 5.7 million shares already trading pre-market look at the iceberg look all the orders on level 3 I'm looking at my level 4 and it's literally looks like you know a Christmas tree, I mean they're just reds and blues everywhere So I am seeing a lot of buying going on at these prices right now at these support levels I see a substantial buyer right below a dollar. So just be very careful with the stock This means looks like more of a short squeeze, but I don't know if I really a Probably stay away from it and see what what happens because that is one Significant tank right there in pre-market. Honestly, I don't remember. I seen a stock that went up What is that 300% and then 30 minutes later dropped down 300% I mean that just shows me that there's something fishy and we don't want to be involved with that All right, but I know we were looking at it and it is quite tempting, but sometimes it's not about It's all about less risk more reward out there VVUS is another one that was moving this morning This stock this stock. I've been trading a stock for a year Is this stock is a fun stock it moves it tanks it moves the tanks You can see it right here the stock had another big pop same type of strategy like a same pattern in the IBO I know the stock very well. I haven't traded in a while I mean you could see it really hasn't really moved and in a while here and I got the daily chart there Yeah, so but I know it's got some good volume on it. It's got some good volatility So I'm gonna put it down. I'll put it on the watch list The one I thought was probably the best out of all of them. There's a few more out there We found I kind of this one kind of looks a little bit better. It's not a huge is up 16% the Sol y a lot of you guys remember this another stock we traded in June and we're from six dollars up to 28 Go back to your journals check the stock app. See how you trade on it. See how well you did on it Okay, it could be another, you know Yuma Just one stock that goes up in tanks, but we remember two days. We killed it on this one This is the one I kind of like a little bit better. It's got great volume Not nothing's ridiculous 125,000 I am seeing some resistance levels here around 1350. You're not seeing on this one But I am seeing on my level four. So it looks like it did test it this In pre-market and it backed right off. I still see the guy out there. He's got about a lot I mean he's got about four thousand three thousand shares some of you have the level four you've probably seen the same thing but But anyway, I think probably this one looks a little bit better out of a mole Can you got ten thousand shares on the short on ibio, you know what's cheap enough, right? Was ten thousand shares ten thousand dollars, you know, just remember every penny is a hundred dollars on that Move on that. All right. What else we got going on. We got the IQ so we all know about that one Obviously earnings didn't work out too well, but she is testing. Did she break all-time lows? It looks like you know right here Probably that's why it's holding IQ a little bit more of a brand names to be very careful We did really well on that stock on the IPO opening but doesn't look like it's doing too well now this one looks pretty good Also, it started trend up stock took a big hit from ten dollars is all the way down to two is the SDRL That's up eighteen percent another stock a lot of really good volume on it You could see it right here on the level three. She's trending up. She looks like she's got a decent Spread which is obviously the most important thing this one looks pretty good And then I'm going to throw which I talked about earlier because the stock got decimated yesterday. I mean listen Would I tell you no overnights 18 next day new lows new lows new lows You don't want to you don't take the you don't take this you don't want to take the loss at 16 You wrote to 14 you wake up at 10. What do you do next? It's got to come back, right? Yeah, we'll listen. There's no guarantee with these things but We'll just look for a little dead cat bounce on this one, but I'm gonna throw in a watch list But don't think I'll gonna come back PCG We all know the stock very very well guys Very very well. All right Anything else I'm missing that I did not call out. You got about six seven stocks now Remember this is gonna there's more to always come out We're gonna share in the trading room once the market opens up This is what's going on pre-market since you guys been trading since eight o'clock this morning What is it nine foot nine fourteen now? All right? Any any other questions any of the stocks everyone think that pretty much got them all right? All right, so once again Lot of events going on just a really quick before we go. Just don't forget traders talk today Thursday doing open house again classes start next week Actually just starting going yeah starting going into this week Actually, you got all the classes are scheduled and then you got the summit You got the onsite summit that's starting next month And then now I'm gonna be doing trading for a cause the following following month So a lot of big events that are going on plus with all the cyber closing bells that we're gonna be bringing back We got a lot of great speakers. You saw we had Tom Sassnall from tasty works came on We're gonna have a bunch of people gonna be coming on also So great big presenters and Nigerian brothers and stuff like that So just keep keep an eye remember great traders never stop learning and that's what it's all about But in the meantime we're here in the trading room. Let's shot. Let's try to make some money Just be very careful. It's gonna probably be a little Little dicey in the next two weeks, especially all this news. It's coming out out of out of out of Washington. Good luck everyone. Happy trading