 Welcome everybody, my name is Fowl Still. I want to start off and talk about what is going on with today with Reddit, everything that's happening in the stock market. You guys are probably freaking out. Well, I want to start a whole new trend. It is now officially called the millennial lockout. Go out there, tweet it, share it, friend it, Instagram it, TikTok it. But this technically is the official millennial lockout. Why do I call it the millennial lockout? Well, guess what? Listen, I'm not a kid anymore. I'm 47 years old. But when I started, I was like you. I was 22 years old. And I know why you're here right now. I know why you're watching this video, because you guys want to figure out what the hell just happened. Guess what? I've been doing this for 25 years. I've been through three of these already. You ever heard of the $25,000 day trading rule? Because what I'm about to tell you the next few moments, when you're seeing what's happening right now between your eyes, guess what? The government's going to start stepping in, and they're going to pass regulation. How do I know that? Because back in 2000, when I started, actually, I started in 1995, this was just the same thing that just happened, the same exact thing. Day trading offices opening up everywhere, boiler rooms opening up everywhere, all over the place. It was the greatest thing. It was the hottest, most sexiest, best thing that happened, because people are sick and tired of saying, you know what, there's a better way than going out there and working for somebody to make $15 an hour. Then, back then, what's the minimum wage now? Hammering nails, working construction. Listen, this is the beginning. Be prepared. Regulation is going to come. How do I know that? Because I've been there, I've done that. This is just the start. I'm going to talk about a couple of them. I'm going to go over a couple of things. I want to tell you exactly what to expect. I know you guys are going crazy. What do I do? Robin Hood just shut down. They knew they were going to close down. Who do I open an account with? How should I open an account with? What is happening? Why are all these stocks like GameStop and every single one? What do we got? We got AMC, Naked, Bobby J. What else we got? EXPR, I mean, KOSS for Crime at Life. I do this every day, every day. What are you guys worried about? You already think you just found a pot of gold? We're doing this every day for 25 years. And guess what? Don't get upset. Just join them. Just join them. Don't get ticked off. Just join them. Listen, I live here in Long Island. This is the financial capital of the world. I live across the street from some big traders in the industry. I live in an area where all the top traders of the industry work in. They don't like me. They don't like me because I am on your side. I left the trading industry because I thought it was disgusting what was happening, what they were doing. Actually, I didn't like the idea that whatever they taught me, I had to split the profits. That's where it came down to it. Well, guess what? But they said, hey, Falstow, if you don't like what we do, God bless you, because all these great, all these traders, all these algorithms, all these instant net machines, all these direct access that we're giving you, it's going to be gone. I found a way, and I said, you know what? I don't need you. But I did find out one thing that I learned. I learned that the only way that you guys could be successful is you've got to stick together. You have to stick together. You've got to build an alliance, a team. That's what I learned of being in the trading industry. And I've been doing this ever since. I run the first trading industry in the complete, the first school in the industry and the first day trading room in the whole industry. Now you see them pop all the left and right. But they don't know why. They don't know why they started it. I'm telling you right now, and this is where it starts, and because you guys were affected by the millennial lockout, now you have to realize how to benefit from it because get prepared, regulations coming. You can't beat Wall Street. You can't beat Wall Street. All they're gonna do is they're going to, they're gonna beat you. You know what? They are in the hands of the politicians. You know, they're in the hands of the politicians and they're gonna go out there and they're gonna pass regulation, whatever it is. They did it to me back in 2000 when they passed the $25,000 day trading rule. You know what I'm talking about. Okay, a lot of you can't open an account because you got $25,000 in your account. The day trading rule, it was discriminatory. You want to talk about discriminating? That was discriminating. Discriminating is just not discriminating about blacks or whites. It was also discriminating on day traders. You know who passed that rules? The mutual funds, the hedge funds. They didn't like the idea that we had technology to be and become one of them. Guess what? Welcome to Wall Street. You know what I've learned? Don't worry about it. You can't beat them, join them. But I can tell you this. If it wasn't for the $25,000 day trading rule, people would have never went to Forex. People would have never joined options. They would have never joined futures. And you think trading the stocks is risky? Try one of those. It's a lot more riskier. Trading stocks is just black and white. But when you start telling people they can't do something, they will find a way just like COVID, right? What's happening with COVID? Everybody's like, you know what? Maybe we can control people, do something, whatever it is. Guess what now? People finding a way and say, you know what? I kind of like living at home. You know what? I don't like living in New York City. You don't pay thousands of dollars a rent. You know what? You know what? This is pretty nice. And then they wonder why people, they think they're gonna come back to New York City. Good luck with that one, okay? But I am here not here to vent. I am here to educate you guys. Because I feel like today is an opportunity that I wanted to go out and say, you know what? For doing this for 25 years, I've never done a video like this and says, you know what? I've been through the internet bubble. I've been through the financial crash. I've been through the 9-11. I've been through the Hurricane Sandy. I've been through the coronavirus. And now I'm gonna call it the millennial lockout. Because that's basically what is. They locked out all you guys between, you know, in the millennials because I know it's, and I'm not saying all of you, I know there are some older crowds and young crowds, but at the end of the day, you guys found a way. You got stuck with COVID. You know, you gotta do something. You want to trade. You see the opportunity that you could have made, you know, with GameStop or with AMC or whatever it is. You guys basically beat the big boys. It's called David and Goliath. I did a video this morning. I trade every morning. I'm live on YouTube every morning at 9 a.m. And it says, you know what? They beat them. We thought it was a book, a movie. No, it actually did work. But I want to tell you your problem is, everyone's flipping out and starting to figure out, what am I helping them to count? What do I do now? This is like, this was awesome. Yeah, you know what? You just got to taste. Guess what? You don't need a problemist. You don't have the right tools. You know what? You shouldn't be doing this on Robinhood. Robinhood is a garbage platform. That guy was a great marketer. It was a great company. They knew, you know, I give them, listen, you got to give credit what credit is due. But I deal with some of the biggest brokerage firms in the industry. I have several brokerage accounts from all of them. I don't trade all of them. I need to learn what they do. But when I joined the industry, and I learned how to trade, I've learned, and not only that, I helped develop a lot of these so-called ECNs, direct access brokerage firms. Everything that you think you need to be a tool. I am just so happy. And I am so thrilled to be able to do this. I am so thankful that you guys finally woke up that you don't need the $15 an hour. You don't need a $1,400 stimulus check. You could just trade the market. And for some of you out there dealing with mutual funds and hedge funds, you're going to realize, I don't need them anymore. I can do it myself. Holy, you just got to taste. You tasted what I tasted 25 years ago. And I'm doing pretty damn good, and still in the industry. And people always ask me to, like, I'll never forget. I met Kramer one day. And I was doing a presentation to speaking. And I walked up to him. I said, hey, Kramer, you know, a little bit of a fan of yours. I watch your stuff. You know, I'm a day trader. He always said to me, and I don't know if it was insulting or it was a compliment. He said, you're still in the game? Wow, that's great. I'm like, I'm still in the game. I'm like, why would I not be in the game? You know what I mean? So anyway, a lot of these people don't like what you're doing because you're taking away from what they're doing. But I want to explain to a little bit about what is basically what Robinhood was basically doing. Can I just dumb question? How do you make money with free tickets? Like, you ever thought about it for a second? It sounds great. When I used to start trading, when I first started back when I was 22 years old, imagine paying $20 a ticket. Imagine trading with fractions. You're already down $125. You had to guarantee 1,000 shares. Remember, I wanted the original Souls Bandits back in the old days. And today, people are worrying about now they're giving free tickets. It's called algorithms and payment for order flow. Why can't you trade in pre-market? Why can't you trade in aftermarket? Do you actually see what's going on in the market? No, you probably don't. Well, I want to show you a couple of big tools. I want to show you something. I want to change your life for the better today. Today, I want to show you that I'm going to wake you up and show you why you are no longer going to be part, even though you've been part of the millennial lockout. You could say, oh, I remember I was in the millennial lockout. But I'm going to show you some of the tools that are going to help you become better today because it should piss you off that whatever happened that you know what, said, you know what, I'm going to beat these guys next time. And you know what, you will. Because there are a couple of tools out there that are called Level 3 and Level 4. Been preaching it since the day I started. I actually helped develop a lot of them. And what you're about to see is going to be so disturbing. And what they are is this. Imagine that you could actually see, I don't know, 70% of the volume out there, right? Could you imagine you could see where all the institutions are, where the market makers are? What are they doing? What are they doing in pre-market? Do you know that they know what you buy and then they use their algorithms so they could actually trade against you? Why else, why would they give you free tickets? They want the order flow. That's what it is. Listen, I know you guys are shopping around looking at the internet, oh, what's going on? You're watching all the financial stations, everybody's bashing, you know, this guy, they're going to blame that. Listen, don't get pissed off. Don't worry about it, okay? Just know how to play the game. So I want to talk about a couple of things. All right, let me bring up, I want to bring up a platform right here, okay? We're looking at GameStop right here, okay? You could see GameStop right here. The stock literally ran from like $17, which was literally like, I don't know, like a couple of days ago. And then the stock actually went up, it went from 20 to 38. Now, listen, I'm not lying, you can go back to my YouTube channel, you could look at, I've been trading this stock about two weeks already, okay? You could look at our Twitter feed, everything else. But what happened right here, the stock literally ran from that price and then shot up and then also, you know, the whole Reddit thing and all that stuff. Listen, I deal with this every day, okay? Don't worry about it, there's going to be other GameStops every day. I'm going to show you a couple of more out there. But the question is, is that why did it go up? It went up because of supply and demand, not the so-called indicator, not so this called, holy no, no, it was the MACD, it was the Fibonacci. No, it was buyers and sellers. And who were the buyers were, you, okay? So, how do you play this game? How do you know where the buyers and sellers are? So, right here, I'm going to move this over here. I'm going to bring this over here. This is called level four, okay? Now, right now we're looking at half the hours. Now, this is basically telling me where all the buyers and sellers are. And I want to show you some stocks that we traded today. So hopefully this helps brings up a little explanation, okay? So, where are we here? I had to hear for a minute, and there we go. So, right here, let me show you where that went. Level four, hold on, sorry about that guys. Here we go, here we go, sorry about that. Okay, so what we're looking at is a screenshot of a platform that we use as called level four and you could basically see where the buyers and sellers are. So, you could see here, we're looking basically at, I believe this is American Airlines, right? Okay, so American Airlines, you saw, was on Reddit. They talked about it, was on every financial station. And then the stock obviously did a great move in pre-market and then the stock literally tanked. Well, you could see right here how the stock literally didn't have that many, you know, this is like basically what we call a heat map. And you could see right here, the stock literally came down from a price of 13.50 all the way down to 11.30. And you'll notice right here at this bar right here, there was literally a 547,000 share buyer. When the stock finally broke this buyer right here and it tried to go back, it never wanted to go higher. Who do you think those 547,000 shares are? Okay, exactly. And would you wanna beat those guys? Would you wanna compete against those guys? Would you, think about it. If you could buy a stock at 11 and sell it at 12, buy it at 11, sell it at 12, make a dollar in, dollar short, dollar in, dollar short. Dollar times a thousand shares, $1,000, a quarter million dollars a year, congratulations. You've just been introduced to the day trading industry. Okay, you don't have to kill it. Listen, what happened today and what happened the last couple of days, what you've seen is, you know, this is nothing different that we do all the time. But they're there all the time. I'll bring you another one. Where are we right here? Let me bring you another one right here. Here, here's another example. Which one's the best one? Okay, you have this one right here. Let me bring you this one. All right, so if you look at this stock right here, this is basically American Airlines at around seven o'clock this morning. Now I start trading right around seven o'clock. I choke around about this, but I have a cat. Her name is Chloe. She was harassing the hell out of me at five o'clock this morning. She wanted to eat. I kept pushing her off. I says, all right, all right. It all saw me checking my phone. They have to know when all the stuff's going on. I looked down and what do you think I noticed? I look at the financial websites and like, oh, the next new GameStop, click here. Right on was a Fox business feed. And all of a sudden what it was, American Airlines. So sure enough, right at 730, look right here. Right here down at the bottom. 730 right there, seven o'clock. Stock goes from $16. By the way, this stock is not a $30 stock. Goes from $16 all the way up. Stops at 18. You see all these sellers out there. You see that red line right there? Those were huge sellers. Those are like 100, 200, 300,000 shares. If you notice the bull got a little green. That means that those sellers started getting executed. And this is all pre-market. That stock ran from $18 in a matter of, you know, literally 45 minutes, shot all the way up to about 30 bucks. Now you know this because they were talking about it. And then all of a sudden you see this little red bar right there? The heat map, which is basically what it's doing, this is algorithms of all the ECMs. NASDAQ, Archipelago, New York Stock Exchange, BATS, all of them. You can see that there are big block orders. Look at 383,000 shares. The guy's been out there since 8 o'clock till 9 o'clock an hour. So guess what? What makes resistance sellers? Did the stock break it? No, it didn't. The stock came back down. And boom, sellers kept coming out. Seller kept coming out. Seller kept coming out. Seller kept coming out. Now this is 9 o'clock. Let me just see. Where is American Airlines right now? Let's just scroll right here. Let me bring up over here. Guess what? It came all the way down to $18, okay? Right here you can see here on the intraday chart. Look how beautiful that chart is. But what does that tell you? Okay? It doesn't tell me crap. This tells me where the orders are. You see, this is how Wall Street trades. These are how the algorithms work. This is how the high-frequency trades work, okay? Remember you heard about the flash crash? Guess what? You're seeing it right now. And you've just been introduced to it, okay? So don't get pissed. Don't get upset. Come and join and let join my following. Come follow my room. Watch my videos. Come watch them one of my events and I'll show you how to play the game. And you can think for yourself because you don't need them anymore. You can do it yourself. But I'm just telling you right now, just be prepared. There's gonna be a lot of regulating that are gonna come on. Believe me, Wall Street's got some pretty powerful, you know, hands. Why you, every time you hear about, even when we had the presidency, oh, we gotta go, you gotta go after Wall Street. We gotta go after Wall Street. Listen, that's where the money is. I live here in Long Island. They got $200 million homes outside, you know, out in the Hamptons. You know, people are starving right now. What's going on with COVID? Meanwhile, these guys are making more money than they ever made before, okay? Catastrophes make opportunities. You think that's stupid? What do you think happened to financial crisis? Okay, you know, I was there. I was for the whole thing. Unfortunately, I made a lot of money during the financial crisis. You wanna watch a really good movie? You really wanna know about the financial crisis? Watch the biggest short. Watch that movie and watch it two or three times. The book obviously is better. But you don't think there's gonna be a book that's gonna come out regarding about the millennial crisis? Go out there and you know what? Don't get pissed off. Just try to get, you know, just learn from it. Mind your business, keep low and just do it. I've been doing it for 25 years. I love what I do. It's the greatest job in the world. I know why these guys make so much money. And you know what? Hopefully you got a little taste of it. So I don't wanna keep going and over and over again, but this is what I'm gonna tell you. You wanna learn more, like us, friend us, share us and share that name, the millennial crisis, because you know what? You should be kinda honored that you were part of it. That's the way I look at it. It's pretty cool that you could say, hey, I remember the millennial crisis. I was there, the millennial lockout and the millennial crisis. It's just a great way of looking at things. So the bottom line is this, hopefully I'll get to see you in the morning. I'm live here every morning at 9 a.m., live on YouTube. I'll go through the watch list. I'll show you what's moving in the market and I'll see you there, all right? Guys, be safe. Don't get ticked off. We'll figure it out. Thanks everybody and thanks for watching.