 All right cyber traders welcome on back for another fantastic edition of our traders talk workshop this Tuesday August 16th Shortly after 11.05 Eastern time and boy. Oh boy. Do we have a lot to get into here today? Obviously as you can see on the screen right now bed bath beyond is still flying It's up over 33 percent across the day today Obviously exploded back from Friday last week even before then but great to see all this inside the live trading room Great to see Phil great to see Grant great to see Karen and Chuck and Janice and all of us inside the live trading room And hey for all of us on social media Facebook live and YouTube welcome to our traders talk workshop Hopefully you all can hear me loud and clear and hopefully You can see me loud and clear and see me pretty visibly for that matter. How's it going everybody? My name is Josh Leviton. I'm the senior instructor here at cyber trading University in my new apartment in my new home in Florida I just set up my home office So a bit of a new era here in a cyber trading I'm gonna be doing a lot more webcam based videos on YouTube and also just throughout our coaching program You know if you're a student that does coaching with me one-on-one obviously I'll pop the webcam up every now and then going forward, but I have some space to breathe I have this nice piece of art behind me the Wolf of Wall Street quite literally but with that though It's not about myself. It's about you folks and just really what we've been trading in our room over the last couple of days No better place to start than just by going over the bed bath beyond trade here now actually first really quick I was so excited to start this traders talk workshop forgot to tag rich out from the Screen inside the live trading room. How about that? All right? Give me a quick moment here folks I'm actually just doing this on my other monitor. You could probably see it But I'm just setting myself up at least for all of us inside the live room the cyber group room All right for Karen and Janice and all of us there. Can you see the screen? It should be on the stock g-box Are you able to see the screen? No, uh-oh. Give me a quick sec. Let's see what I could do here. Hmm One moment one moment. Uh-oh little technical issue for all of us in social media. You happen to see this screen there It's on g-box, but I want to make sure all of us inside the live trading room can see it themselves We'll be able to work around it if I'm not able to share here coming up. Oh You know what maybe is that one? Do this here really quick? Ah Geez, of course the one day I do webcam the one time I do webcam We get a bit of an issue here One momento folks we're gonna be able to sift through this quite quickly and just give me a quick couple of seconds here We'll be up and running. So let me ask in the meantime though So for Lewis and Kevin Wendy all of us inside the live trading room. How is everyone's morning so far up until this point? How was everyone's morning so far day trading what we've been calling out inside our live trading room? Louis says all good so far. Andrea says he likes it John hit his day's pay bill says excellent Dan who I'm gonna be speaking to in a coaching call coming up shortly says good morning. He's just watching We have the screen up and running folks. I appreciate everyone just being patient Especially those of us on social media. Let's hop to it There's a couple of there's a couple of birds we can kill with one stone here so to say so here in traders talk This is really the best educational outlet aside from from our main curriculum that we have to go through a lot of these Movers that we've been calling out. No, it's not just about like oh look at John look at Chuck look at me or Fausto It's not just like who look at these profits Why is the stock making the move that it's making and how are we able to capitalize on that in the moment? Now that's a much easier question to tackle perhaps after the fact compared to just in the moment That's where you have Fausto trading the live market open and market close at least across the you know phase 3 stock course So you're seeing the man himself do it there. Well, this gives us the next best chance to go through a stock like G box Let alone a stock like bed-bath beyond so that's what we're gonna start off with here We'll water break there, but nonetheless this bed-bath trade is just still flying So listen if you're in this trade right now Congratulations, we're not gonna focus on this live right now. I mean hey this stock flew from the market open today Not only that but this stock was a huge runner back from yesterday and from Friday of last week So I had a question come in from one of our gold students Yoda and he had asked this from yesterday You know it was a specific question in relation to bed-bath beyond we'll go back to yesterday's move So he had a specific question, but his follow-up question after was you know Hey, what's our strategy for a stock like bed-bath beyond after the eight o'clock move? So with that and give me a quick second here. I'm gonna drop this back down get my book map up and running Get that ready for us here But the bed-bath beyond trade ended up making a really big push for us early on yesterday in pre-market So, you know, that's where we're going to begin with this one trade It's also to say that hey to answer the question of like what's our strategy for the 8 a.m. Move? Well, that's the question we're gonna answer first as this hopefully doesn't freeze up on me as well But it's to say that bed-bath beyond well the strategy for the 8 a.m. Move is the strategy for any Stock in pre-market and that same strategy that you use for the 8 a.m. Move That should be the same strategy that you're using for the market open. No Now, what do I mean by that? That sounds very ambiguous for it sounds very, you know, frustrating to hear even You know, that doesn't give you much certainty of an answer All right. Well, listen, we had bed-bath beyond on our pre-market watch list yesterday morning We had a couple of other stocks on there, too All right, if there is a stock that you're interested in this goes to any one of us Mohammed Grant Janice Karen Leda Kathleen Bill Chuck etc all of us inside the live room If there is a stock that you're interested in what's the first thing that you're gonna look to do before you even think about jumping into that trade You know, if a stock is moving up, that's not the reason. I'm you know risking thousands of thousands of my dollars, right? Thousands of thousands of my money. So if I'm gonna buy a stock it has to be for you know, a very specific reason, right? John says it has to be tradable. Well, of course, right? You know, we talked about that in phase one class just yesterday yesterday. That was the exact class that we taught that but To go into that more Wendy says it John follows up right away after specifically levels right like if there's gonna be a stock I'm gonna jump into it has to have some Very clear and identifiable levels, you know, whether it be from the chart But more so from level three and level four, right? Those are in the iceberg orders You know if the stock breaks through a big order on the ask Going up, you know, that could lead to a huge squeeze. So, you know before I even think about jumping in I need to know where my levels are right Mike a asking are there iceberg orders? Yeah, that's always the question that it comes down to you right now John says right before him. He says round numbers Well, like whole numbers right like you know in bed bath beyond here 13 dollars 14 dollars 15 dollars 16 dollars those are round numbers and Those are levels where we're going to find the iceberg orders much more often than not So that's like one of the only assumptions that we could make With icebergs at least that at a whole number price levels Sometimes 50 cent levels depending on the price of the stock and the pace of it But let's just be simple here and say whole number price levels much more often than not are going to have those iceberg orders So much more often than not those are going to make for some pretty big levels, right? And if you were part of the phase one stock course yesterday if you were in traders talk last week You know for those of us inside the live trading room at least, you know my motto if I ever run for president It's gonna be my campaign slogan my best entries to buy a stock are directly after it breaks through a big level on the way up There's more to it than that, but that's the whole underlying philosophy, right? So let's go back to Yehuda's question. He had a very specific question first on bed bath beyond from yesterday in pre-market So I to go over that one pretty briefly Yehuda had asked, you know, hey on the stock bed bath beyond we ended up seeing the stock trade at 24 at the time But he saw what I'm assuming to be on time and sales. He ended up seeing three huge buy prints came in or coming in at 1380 1390 and at $14 so like on the time and sales window, you know when the stock was trading at 1425 he was seeing these prints on the tape that are like well below Market price current trading price, etc. Right, so what's the reasoning for that? There's two main reasons that I would give to that one would be dark pool prints traded in-house from Institution to institution. That's the first Thought theory guess of to that as to what that actually is the second Would just be like it's called a late print and out of sequence print So there are times where there are some prints on the tape they get reported late So you would see that actually pop up in like the condition column here It would say literally out of sequence or late print. So whether it's one or the other The question is was there like actually big volume filled at that level like was there a 500,000 share print? Because if you saw that print come in it was that big I would keep track of that price given how enormous the size of that transaction is if it was like a thousand shares You know two thousand shares if it's just like, you know, just an average size print compared to everything else That was on the tape. You know, I wouldn't really think much of it at the time So that's like kind of the answer to your first question there now The more important question because this relates to every one of us inside this live trading room This relates to all of us and you too watching this for free It's to say that what's our strategy here? Well again in bed-bath beyond we had had this stock on our pre-market list It was on our morning watch list We had all the time in the world to identify these levels Before it ended up playing out the way it did. So let me bring up level four. Let me bring up book map right now I hope that I'm able to show this across all ends here on social media Facebook live YouTube or I should say rather YouTube Exclusively, but otherwise for all of us inside the live trading room. I believe I'm good to go there All right, great. So this is bed-bath beyond right now. This is live We're gonna jump to this move coming up shortly We're gonna just gonna start off with yesterday's run that we had So on the bed-bath beyond trade this ended up making a pretty sizable push early on in the morning Give me a quick sec here. This thing is playing a little hard to get right now one moment Sometimes level four gives you a little warning sign before you go back into the previous day. So give me a quick moment There we go, excellent So with this type of trade you need to know not just where the iceberg orders are where the you know darker Orange and red lines are that are stretching across this page But it's also a matter of knowing what price levels have more volume filled off of it compared to others So let's start with this. This is what we do in the trading room every week You're in traders talk. So for all of us in YouTube exclusively I actually have something for you folks at the end of this workshop coming up So stay tuned for that but for Wendy Grant Mike you hood all of us inside the live trading room right now What price levels do you see have the orange lines that are stretching across the page? The easiest to see one so don't you know try and like really hunt for like the curveball answer I'm just trying to keep it simple right now. So Janice says 16 Looks good to me. That was a big iceberg level beginning from 7 o'clock Eastern time in the morning Perfect Mike says 14 and 15 as well 14 a little bit here. Yeah. Yeah in pre-market early on You know looks like almost like 1330 was a more prominent level. It looks like a thicker orange line that stood out here at the point You have 15 bucks right Phil says 13 and 12 which you know that that that stands out that was also there beginning from 7 a.m. Eastern time shortly thereafter 13 and this isn't 12 as much Phil. This is like 12 60 so $12 and 60 cents Yeah, there's 20,000 shares on the bid so that I have to respect in case this does pull back and look to test that price as support, right? All right, so those are all great answers Now the next question to be this what price level around what price level has The most amount of volume traded off of it throughout pre-market here And hey for all the social media YouTube right now if you're joining us live You're more than free to participate and look to answer as well here The hint for this would be to look at the column that specifically says CVP Look at the column that specifically says CVP around what price level Has the biggest lump of volume right to it Phil Wendy Ray Andre Kevin inside our live trading room all pretty much hitting the nail on the head, right? Like, you know, you could just kind of look right here, right? This is what we're all kind of hinting towards It looks like a tiny hair above 1520 John says hard to see yeah a little hard to see, you know, just right over here So that's where I said this range if you're within five cents. I would give it to you right there Let's shoot from the hip and say 1525 1525 will break down as a big level All right, well otherwise one big point that I look for on level four Not just the CVP column But also a matter of seeing well, hey, like where did we have more buying than selling? Where did we have more red than green green than red? So I noticed right over here This is like early from pre-market hours into seven o'clock eastern time, but right where my cursor is Notice that we have like a lot more quote-unquote red Than green and you could probably say that at another price level right here, too Like right under 1520 kind of right there, right? Let's focus right here See this right here where my cursor is So that means In terms of time and sales That there's a lot more red filled at that price compared to green Okay, so we normally quantify that as selling we normally quantify that as selling like oh red on the tape stocks gonna drop All right, well, let's just focus even here at this point where my cursor is this is super early pre-market, right? But if we saw so much red at this point in the morning and the stock failed to drop off from there Well if the stock's not gonna break down What if it breaks back over that area because think of it this way when you think of red on time and sales You think of selling we call that quote-unquote selling, right? What's the what's the actual technical condition for red on time and sales again? We nicknamed that selling, but what's the condition there's a technical condition When you see red on time and sales are orders from the bid getting filled or orders from the ass getting filled If a stock is dropping We're seeing orders on The bid getting filled When a stock is dropping you're seeing support getting broken through you're seeing orders on the bid getting filled That's why the stock is dropping Okay, well if the stock is not going to drop from this and from all the red the selling here If it's not gonna drop and tank There's only one other way it's gonna go Now that's easy to say here. That's easy to say right here after the fact but if you were in the live trading room yesterday and you were watching the chat board there was One price level that I was emphatically Calling out and that was at 9 30 in the morning at the market open Two and a half hours after all this stuff So I had my eye on 13 75 to 13 80 like just kind of that like Wiggle room range, you know five cent range area like like we said here It's a little tough to pinpoint one specific price So I try and give myself like within a couple of degrees of sense So I said right around 15 13 75 13 80 after the market opens up that should be your first big support level Well, it bounced from there at first. It did break under it a little bit later on Now why that's important is because of this if Our best entries to buy a stock are directly after the stock breaks through a big level on The way up give me a quick second here. Let's see if I can carry my book map screen back over There we go. I know this thing is flying right now live So it may even chop me up a little bit on my live trading platform here But folks you tell me Was that not a clean-looking level so, you know, it's all about preparation right to go back to Yehuda's question of like What's our strategy for the 8am move? It's the same strategy as I show here. You need to find your levels first and then look to react if you're gonna react before you're finding your levels then you're gambling and You know it if you didn't know it Just after this conversation just so you know if you're just jumping into a trade because it's going up You're not really trading intelligently so if you make money God bless but That type of thinking is not going to get you too far when it comes to trading with us here So that's where I say there are plenty of moves that I miss not because the stock is like too Volatile for me. Sometimes they are that's okay to say so but Sometimes a stock is just already moving Far away from a level that I already plotted and I'm a little uncertain as to where the next big level is if I'm more Uncertain about a level or a stock in the future direction of it. I'm not gonna be as keen to jump in Right, so my first trade of the day or first trades of the day I wouldn't break even at first when I when this broke under 1375 I jumped back in when I broke back over 1375. So this led me to a nice profit to begin with Now later on we know what happened this thing ended up chopping around for a little while But then later later into the early afternoon this thing ended up Exploding it broke out of resistance right off of 1450 ended up making a pretty strong run right away So at least at that point, let's just kind of skip towards what it happens heading into the late morning early afternoon And how are we able to identify a potential pop like that? Not to say before it happens, but as it's beginning to happen So we ended up seeing 1375 act as that major bounce level across the whole morning All right, well even here ready, let's run the same practice Let's say you turn over to bed bath beyond Right there. It's like 1030 in the morning. It doesn't seem like it's going anywhere to be honest with you but Look under the CVP column. Let's just start there We're not going to look at the orange lines just you know just yet But are there any price levels here and it might be hard to tell so just give me like your best guess as to what the price is But what price has the biggest spike of volume under that column CVP? Looks like Mike John and Phil. I think Phil is saying a similar answer. I think he may have said 1410 No, just look at the CVP column here Just look at the spike and then try and align it with you know the axis there It's a little tough based off the axis increment. I do know that Right here. I would say and let's kind of shoot from the hip and say 1420 Right, there's a lot of volume traded right off of that price $14 and 20 cents will label it as One of us had said 14. That's a good answer to that that sticks out pretty nicely here, right? So hey even from 14 it broke under the level here may tank All right, if it fails to break any lower and if it holds above 1375 again I mean I to be honest with you I did not expect 1375 to hold as steady as it did across like an hour time frame like this But hey once it broke back over 14 Looks like it held back over 14 a little bit longer And then we ended up seeing this make a pretty sharp pop right over 1420 a bit later on right So between the VWAP line here in purple And 1420 as soon as it re-broke that resistance pop When a stock breaks above resistance folks and it runs off it at least the first time What should we expect resistance to turn into? support me a quick moment here now This pulled back It held the first test This this looks a little volatile if you're a new student you might say this is very fast-moving I would agree But in terms of principles This broke from resistance This point could have been a very strong attempt to see this slingshot right off 1420 and run much higher It held support. This could have generated an excellent entry right off 1420. It would have given you a nice profit absolutely would have Unfortunately, it doesn't hold a higher low. It doesn't you know look to make a higher high So, you know, unfortunately the wheels fall off on the straight again. It pulls back one more instance or maybe a couple of more instances here But we ended up seeing this begin to make the higher lows afterwards This ended up pushing up off of 1420, which you could definitely tell at this point was a big volume level Now interestingly enough, we know bed-bath beyond is like, you know a meme stock We've seen it make a run in the past We don't want to assume that it's just gonna make the perfect dollar move that you're looking for But just look at pre-market this stock went from 1350 all the way to 1550 like in an hour and a half We know this has legs So why not think that if this could break out of the next resistance if it could break out of this consolidated range here Why not think that it can make that move at least up to 15 and then from there? Hey, let's see what happens at 15. Maybe this goes up to 16 like a lot of us wrote inside the live chat board right here so I Can't say this about ever trade that I take Sometimes I can because it just falls into our laps. I'm on coaching calls In my new apartment. I'm sifting a couple things out on a Monday and I turn back to bed-bath beyond I jump back to the trading room and it is like right here making this push and it's teasing this break above 1450 Which granted, you know, wasn't a huge iceberg level right out the gate But the orange lines here multiple of them. It shows that 1450 is becoming a pretty strong level And especially if it could re-break above where we had, you know, some big volume getting filled previously in pre-market So it took a couple of tests here. I ended up jumping in once where it popped above 1450 and it stopped me out I don't remember the the she was minus two minus three Call it break even essentially What if history could repeat itself though Not in the sense of the false breakout like I'm not trying to have history repeat in the sense of false breakouts folks But what if we see more buying off of off of that 1450? For all of the times this orange line is getting broken through going up We're seeing green on the tape and for as much green as we're seeing if we continue to see that break above 1450 with direction I'd like to think this stock can make a pretty big move When a stock breaks through a pretty big level I'd like to think we can get a pretty big move So I ended up re-jumping in on this trade-off of the break above 1450 and from there it led to a nice reaction. I Didn't look to just hold on the whole way through It's to say this and this is like a bait This is essentially a cardinal rule that we talk about in class more in the phase two course Comparative to phase one. We have a lot more time to go through these types of you know strategies in the phase two curriculum And certainly with Faust on phase three or coaching or the hearing traders talk every now and then the more and more stock goes up I would expect resistance to hold the first test After this broke off from 1450 our next resistance is at 15 bucks It's technically the first time that iceberg order is getting tested at 15 So on this position, I clocked half my position out, right? I think it was even above 15 I think like when it popped it I just took half out because I thought it was gonna pull back a little bit more All right. Hey 50 60 cents on a trade like I'm elated I'm very happy especially in the short amount of time that it took Especially for normally like crap time like early to mid-afternoon here, you know 12 1 2 p.m On the east coast you still have a lot of traders analysts out there that the suits on Wall Street There's still out to lunch or in meetings. So normally this is not the best time to be trading So I took half my position out like let's be responsible human beings folks All right. Well, I kept half in and with that this blasted above 15 rather fast And at that stage well, hey when this breaks above 15 and runs off it worst-case scenario For me at least is that I'm expecting 15 to be support So am I gonna cry over spilt milk and I'm gonna phrase it Sarcastically slash bluntly really like, you know, we're all grown-ups. We you know, we got to realize this every now and then When a stock breaks above this like when this breaks above 15 I did sell half but I kept half in worst-case scenario for me is that this eventually breaks under 15 and I make 45 48 cents on the tree. I still think that's pretty good, right? So I'm not gonna really cry or you know, get that frustrated about that Well, if it doesn't break 15, let's keep it going. So that was my train of thought right there We knew the stock had legs. So, you know, it took half out under 15 or right at right at 15 and you know pushed up It continued to go right now the same happened at 16 here where it tested the level and It did technically false break it at first. But man, this was pretty strong. This broke 16 Just like a minute later it rebroke it and then you have your next run So I wasn't as threatened to get out there Hey, right at this point it shook back down if this breaks under 16 Then maybe I pull the plug and just get out on the last half of my shares That's not what happened though. So it kept going and then finally finally at $17 the first test of the level it filled the order But it held under 17 after and that is where I got out on the last half of my position on bed bath beyond from yesterday Now not only did I get out there? I know a bunch of us did inside the live trading room I think John Alex Kathleen maybe You know and a few more perhaps right off that 17 level So if you didn't get out right at the top there as long as you're getting out before the top of the roller coaster You know is in before this really begins to drop that is what matters. All right All right, so here we are again today. Sorry just moved my mic here We are again today August 16th Tuesday Obviously we followed up on bed bath beyond again this morning How could we use the levels from yesterday as a whole not just the pre-market? But yesterday as a whole how could we use the levels in order to identify price action for today? Looks like this thing just got halted actually. I I probably shouldn't have reset back to real time. This might log back Jam back up on me All right, so let's see what we could do here I'm gonna recalibrate my book map here and just give me a quick moment. I have my notepad here gonna grab that right now We're gonna write some levels down. I have these levels plotted on my own chart Unfortunately the way I have my stuff set up. I can't copy and paste my chart onto this one So we're gonna go through the you know go through the motions together. This was just bed bath beyond from yesterday, right? Let me ask you right out the gate Any price levels that stick out on that CVP column More than one we'll go more than one Let's go two answers here. What are the two biggest lumps on the column that specifically says CVP? John says 15 look guys look at the CVP column middle column here, so We got to have our eyes on this one here CVP One of us has said 15 15. There's like nothing there compared to Other price levels, right? Deb great to have Deb joining us here inside traders talk today. She says 14 20 perfect and like a lot of us had answered just before her but 14 20 and Right around here right if you if you said 16 20 you're right like let's just be let's try and be exact here It's tough to see at times. I drew my line here at 1615 that's the line that I remember drawing here So we're gonna write a line down at 16 15 14 20 also, but I don't think that ended up ultimately hitting. I don't think 14 20 was a real support level All right, so with that then let's see what else we have. So we ended up seeing 14 20. We ended up seeing 16 15. All right now. Let's look for the darker red lines Where do we have the darker orange or red lines? This one simple to answer folks because we we started off traders talk by covering this pretty much, right? I mean just look at pretty much every whole number 14 15 16 17 boom right there on top of that, you know there you if you're you know looking for every You know perfect answer there. I think like 13 50 Leosha had mentioned at 1350 that that is there. That's on the bottom. So that that's a great answer for this question. Yeah All right, so we're gonna write down at least for right now though. We're gonna go 14 15 16 17. All right now aside from that last part of this is the Dots when you see these big dots on book map these represent big transactions found on the time in sales Now the biggest ones are what you see at the market open and at the market close We talk about this more so throughout the phase 2 curriculum and we're actually gonna be doing that live next week This exact class but at 15 bucks not only is that the opening bell print from yesterday Where there is a 612,000 share print that got filled That's the weekly open right the weekly open that should be pretty important of a level no So Let's write that down in particular 16 is the closing bell print. I believe just from yesterday that the end of day print from yesterday All right, let's just go back to our trustee trade station chart here Got a question from one of us on trade station also just in a bit just like a platform related question So we're gonna answer that help Kathleen out there But let's see what had happened here today. Obviously this thing had a life of its own as we started traders talk This thing made a monster move up over even 25 topped off at damn near above 28 even All right, well, we don't know in pre-market and we don't know at 930 Hell we didn't know at the top of the hour here that bed bath beyond it was gonna be at 28 bucks at this point, right? That's not what we do. We don't have crystal balls But every trade begins with the entry though, right? Every trade that you take Begins with getting into the position now that sounds like almost like common sense like oh, that's just stupid to say Maybe but if every trade begins with the entry Well every entry that we look to take inside the live trading room if you're you know a long-time student like Ray or Grant or Norman Or Chuck or Kathleen or if you're a new trial member perhaps like Aliyo show or anyone else joining us here in traders talk today Your best entries to buy a stock are directly after it breaks through a big level So with that, let's see what it happens here in pre-market early on this morning Look what happened this came all the way down to $15 It like kissed it right on the nose right there and whoop right back up Now that's not for me to say. Oh, that's where I jumped in and that's where everyone should have jumped in I'm doing the meeting at that point in time, you know, I tagged in for Fausto's on vacation I'm not trading that at that point. I'm too occupied and even as such We're not really jumping into trades right before the market opens. So granted. Hey, if you did that on tiny shares God bless worked out really nicely But there is plenty of other levels stop folks for this stock to make its move off of right So like we had said we had 15 we had 16 we had 17 and then aside from that We had $16 and 15 cents $16 and 15 cents. Why is that important? Well, that's where this whole run started from So with that you happen to see this break above 16 and it breaks above $16 and 15 cents here, right it breaks above it When a stock breaks above resistance and it runs off it Resistance should become support, right? Now remember though when I say that you're not expecting perfection out of 16 to become flat support In this case if you missed it off the pot from 16, which this was in the first like two or three minutes We're not really trading at that point in the morning just yet folks Well, when it breaks above 16 and then 16 15 and it runs off it That's where you say all right. Well, let's see resistance flip into support But it's not just a matter of catching the falling knife Like if you bought this just you know here just to buy it or if you just bought it here just to buy it You are gambling you realize that you're not making the most educated decision So you would ideally want to see this break under 16 15 and even break under 16. Look at this It breaks under 16 right here. It does a pretty good job of containing itself under 16 and Then once it blasts back above this it holds much better above the top of the support range And then we get our real run right So that's really where this run originated from once this ended up holding support above 16 and 16 15 Now that's easy to say in hindsight, right? Oh wow went up like from 16 to 18 right there But here's the thing We all answered the question of like hey, where is there a big volume again? Let's look on book map Let's look on level for the CVP column right there A lot of us answered 16 20 ish 16 15 like just right there So That's where I say hey if you were watching bed-bath beyond this morning today If you were intending on trading that that stock today after the market opens If you have book map, then you absolutely should have had your eye on this and let's say if you don't have book map Let's say if you don't have the heat map here to your arsenal All right. Well, there are other ways to identify big support big resistance, right? It's not just from you know book map, but let's also just kind of respect the chart here It's kind of just holding right under that area throughout most of the after hours So, you know, it seems like a pretty strong chart level After the close So even if you wanted to raise that like a few pennies like I don't blame you if you want to make it like 16 18 that seems like it held a little bit better from the chart there All right. That's a strong level So that's where I say at least you know, it's generated from volume It's generated from level three and level four book map if you have it But this was an easy to see chart level at least from the after hours It was holding very nicely and that's what makes it, you know a strong level But obviously once it broke that as resistance and flip that as support This is just where I always say my common catchphrase when a stock breaks through a big level We should be getting a big move shortly after How big is big? That's like the million dollar question, right? Because like I said, I'm not expecting bet-bath beyond to hit $28 at 1130 Eastern Time today If anyone had that expectation You're probably rich at this point off this one trade alone. God bless But I'm just being transparent folks So at least on this trade off the 16 levels 16 15 We know this bet-bath beyond stock can make a 50 cent move. We know this thing can make a dollar move that is Big that's pretty big for you know, most trades that we capture Now is that big compared to the run that it previously made yesterday 50 cents or a dollar compared to like three dollars? No But if I'm trading this on a thousand shares and I'm up 50 cents 60 cents a dollar I Don't know folks Is that not a decent chunk of money that I'm very happy about? So what I'm bringing to the table here is like when I say that a stop when I say that when a stock breaks through a big level We should be getting a big move shortly after We need to be able to identify how big should big be I'm not looking for five cents on this bed bath beyond trade I'm not looking for ten cents on bed bath beyond trade when this breaks through this big $16 15 cent price level. I may have deleted the line there. So there you go. So once it breaks through it Let's get that big move. Is it gonna be worth four or five dollars? Let's not hold our breath that that long just yet But at least on this trade, why not get 50 cents? Why not get a dollar? Why not look at the daily chart and identify where we could have historical resistance, you know That is part of game planning Obviously this thing blew the roof off of the historical level that I was charting myself But I personally identified $18 as a big Daily chart resistance. So hey once it broke over 16 and 16 15 there You know, I had a thought hey, this has a chance to finally make that move up to 18 bucks That was the peak off a big gap down back from September last year held it as resistance here support here Resistance off a false break here It looks pretty strong So that was my thought on this trade today once it ended up making that you know initial hold off that You know support and run so I ended up getting out right off the 18 right at that point From there I obviously left a lot of money on the table is this just continued to push up So, you know, do I wish I should have stayed in that trade? Of course, but it was on a thousand shares So it was a pretty decent trade altogether So you just don't want to be on the top of the roller coaster on the way down Knowing that it's more likely to drop and you should have gotten out just that two or three minutes beforehand So hey this ended up squeezing up a lot more and there could have been opportunity for me to jump back in perhaps Well ended up topping off at 20 and then from there rebroke higher off the 20 level later on Let me just bring book map up one last time here just to show What the heat map looked like before this thing went crazy and before this ended up getting halted just before For any one of us just joining us right now on YouTube for exclusively for this traders talk workshop I appreciate you folks joining us today. We have a nice offer for you folks right at the end of this workshop in about 10 minutes So stay tuned for that must I say so with that let's just take a look on bed bath beyond well Hey, this tested 18 Historical level at 18 here and that's where I got out I got out right here at this point Thank God I got out right there because this thing crashed hard right Well, what's interesting about this is that I could have gotten right back in off 17 Why because this blasted above resistance and it ran off of it when a stock breaks through resistance And it runs off it the first time it comes back to the level That's the best test of that level to see it act as that support. So this made us clean Of a break under but right back over as you could ever have so yes This could have made for an easy easy re-entry right off 17 Well, hey, I mean, I know this broke above 18 here It broke through this order on the ask and it pulled back Well once it broke through that order initially We see what we call buying interest and that's green on time and sales once that order got filled Much like this order Well in the case of 18 Let's say if you missed it from 17, it's pushing up and up and up and up. All right Well, if you know 18s your next major level Perhaps you want to be slightly patient wait for maybe one more little false break at the level But the more it breaks over that level with direction We should be getting a pretty big move shortly after right Like again, it's the same generic catchphrase and The more that this stock runs, you know that it's gonna hit a top and really fall off and it's gonna make a big move Just the complete other way So it is to say when this when this re breaks above 18 right here You need to see a big move. You need to see a great reaction off the level If you don't then the probability of that big move being the complete opposite direction greatly increases So we have to be very cognizant of that very aware of not just, you know, those basic Principles when it comes to following order flow But also just following just how much the stock already moved up so yeah once this broke above 18 here and Broke above the historical resistance from the daily chart over the almost the last year You know September was where we had that gap down from the daily chart. So hey if that's such a big level Then perhaps we should get a pretty good move off of it and boy this thing ended up running, right? Ended up just completely ripping up towards 20 and then obviously later on this only continued up much higher I'm not gonna go through every price level on this trade at this point in the you know review folks We're at 1153 Eastern time. We have a few more questions to get through I want to make sure that students like Kathleen know that she's gonna have her question answered here in a bit from Mike You're in the chat board first Josh Do you set historical alerts for levels or can alerts be set on CT volume for the minute chart? Or is that all too much to listen to and watch probably all too much to listen to and watch that's my That's my quick answer on that You know it's funny and I appreciate everyone following just the simple instruction of like hey when you're in class Just leave the trading room It literally makes zero sense for you to split your attention and focus on a class that you should be in Versus the stock market and having rich doing the audio commentary You know in the trading room like as a human being I can't absorb that much Information at the same time. I don't know. Maybe I'm stupid. I don't know but no that's where I say if you feel similar Then it doesn't make as much sense to settle all these different alerts Look at this look at that we have to try and consolidate it and keep it as simple as possible, right? So if you have book map This is an extra tool to use this can make it a little bit more not overwhelming But this is just an extra thing you need to watch So, you know, that's my thought on that but you know, hey, you might be more keen to follow You know more audio alerts. You might be more used to that already. So, you know to each their own ultimately I just feel like as humans we can only Soak in so much at a time I had a student tell me in a coaching call yesterday that he ended up going through 12 hours of the phase one stock course over the last weekend I got to send that person like a gold medal for not just like the effort But for being able to tolerate my annoying voice for 12 hours in a in a two-day span So God bless anyone that is able to deal with my annoying voice for that long. So I'm always self-deprecating. Alright, so what else do we have here folks? Peter says both my camera and the book map display have been frozen for several minutes Might just need a log out log back in there Peter Appreciate Cal and Deb mentioning that it's fine under and I would have done a reset if I noticed that earlier So might just be a log out log in thing on your end. That's it All right, folks, we got to get through some more emails some more questions I want you to realize that I didn't leave any question behind Kath we're gonna get to your question in just one moment, but I have one from private chat earlier today from Janice I wanted to make sure I didn't forget that that's easier for me to slip up on so Janice had a question This was just on like on a stock a PPS We didn't call this one out today or yesterday. It might be more of a swing trade recommendation. Let's see I Honestly haven't checked in on this trade at all today I got her question and I was waiting for traders talk to go through it So Janice had wrote me earlier said no looking at a PPS for a momentum breakout move higher Wednesday sitting at 2439 with a run to 3431 can you do book map on it at some point today? Entry point at 2533 if it starts to go and Janice clarifies says yes, it is a swing trade James says what annoying voice it puts me to sleep all the time I know Jim's cracking or Jim's busting my chops here. All right, so what do we got here for a PPS? I'm gonna put up the level for Janice just for you in a bit. It's loading up just in a moment here Give me a quick sec here and just to help Janice out here on this a PPS now This is a swing trade from Janice not a day trade for you know any of us really and that's all right I'm just you know making it very clear. This is just something one of our students is swing trading You have a huge iceberg order here, so that was there since the market opened up Janice That's that's a very easy to see level at least right so Hey, if we were watching this as a swing trade and if you were looking to get in at 2533 I mean hey that could still be a great entry point to you know generate support lead to a higher high to your like 31 or 34 35 area but and It's not just saying that it's a red line or an orange line whatever Look at the size of the order That's next to the price So 101,000 shares out there right? That is a pretty damn big iceberg comparative to Everything else out there on the bid in the ask so hey 25 2533 is the price that Janice was looking to enter from once it perhaps could build some support above it 2370 is such a big level right here Janice that this could have been a very strong point to consider your trade from now I don't have a pps open like from yesterday as much on bookmap. I have part of the day So this is what it looked like yesterday, right? This is how we could say like how big is big? And I don't have bookmap from before what you're seeing here, but Yesterday we have an orange or red line here on the ask at $25 All right, the fact that it's a dark orange and red line denotes that it's a pretty strong level compared to everything else around it This is 12,000 shares You tell me what's a what's a more significant price? 12,000 or 108,000 shares, so you know looking at something that significant That would give you more confidence to attempt a trade let alone swing trade or day trade just with something that big That is something that I would you know really respect and say hey Like let's see if that could build the support from there and look for the squeeze You know if it was like only 10 or 20,000 if it was 30,000 You know I wouldn't be as confident to say that but when you look at that order compared to everything else surrounding it And you look at yesterday and the biggest order yesterday was only 12k That my friends is a pretty big order, so that's something that you would easily want to follow up with all right All right, let's see what else we got for right now Actually in the meantime, maybe just one more thing for Janice's swing trade here just one more thing briefly So looking at this it looked like it built some support and this is from like 1920 bucks, so it's well above that at this stage It looks like it had a tough time Or it looks at a good time holding above like 21 or so 21 and change So right from there. It looks like a week ago. It broke under it and then pushed back above it All right, so at this stage it might be approaching resistance roughly off the 25 area Based off the chart alone It's a little tough to try and grab your next level because I'd say that 21 30 ish Bottom here that held as resistance and then from there became support as far as a swing that that that based off The chart could have been a pretty nice bounce level, but 2370 just that huge iceberg order that was a really big one, so you don't find that on every stock That's why I'm like very emphatic about the size of that order All right, folks, let's keep it going here. I got a couple more private chats I believe or at least I thought I did I want to make sure at least I go through everything that I had answered from this morning I wrote bill back specifically that was a platform related issue All right, so I got one from Kathleen here And then I may have a couple more here just in a moment before we wrap up in the meantime actually first for all of us in social media Facebook live Yank my own leash there for all of us on YouTube exclusively We're doing this on YouTube only today and for those of us just joining us on YouTube live right now Today and for today only you have up until the end of the day today for attendees of this trader stock workshop If you wanted to join our live trading room You're gonna do so at zero cost 399 all you have to do is call our office 516-280-535-0 speak to one of our education advisors Mention that you're coming off this traders talk workshop and you're looking to get the free week long trial to our live trading room You have up until today if you're watching this on recording. It's not gonna apply to you So that's where I say you have up until the end of the day today Tuesday August 16th the join at zero cost All right, so with that let's go through email now now that I got that out the way there Cath, let's go to a couple of questions from Kathleen here So this is actually how about this and I appreciate Kathleen sending this to me And I was gonna just write back to her on the side But I wanted to just make it publicly known like folks if you have suggestions for us Whether it be for a classes trading room if you feel like there's something that could benefit Everyone as a whole here at cyber trading University feel more the free to send it over so Kathleen had a question at first, but I'm gonna turn this into a suggestion from her Cath was just asking like you know, hey, it's like they're a way to get a message when a stock is breaking up Over resistance. She says rich seems to find a lot of them rich L inside our live trading room one of our instructors and Yeah, absolutely now just to like be transparent pull like the curtain back folks When we talk about like only being able to do so much as a person We can only listen to so much at a time. We can only do so much with our attention spans and focus I'm doing the audio of commentary from 930 to 1030 with Fausto. I'm watching four different Computer monitors. I'm risking my own money trading. I'm trading just like Kathleen is and Michael and Phil and Grant I'm trading be transparent probably more shares probably more money So with that I'm making all of my call-outs in the audio broadcast via the audio Posting bookmap links when I can Afterwards though, it's a lot easier for me to type in the trading room With that in mind though One thing I'm gonna look to do going forward is when myself and Fausto are on the microphone We'll have rich make those posts more prevalent as we're doing the audio So I just wanted to make that known for Kathleen. So if that's what you were You know thinking about Kathleen if it's like more relating to the market open We're definitely gonna have that setup definitely and that's a good suggestion. I appreciate you You know asking about that just sending that over, you know, we'll look to definitely do that more You know prior to us doing the audio in the morning like 930 to 1030 when we didn't have that You folks that were there remember like I was a machine gun with my call-outs in the chat board So, you know, we can only do so much but definitely. Hey, there's other people to make those posts too So we'll have rich do that. You know as myself and Fausto are doing the audio. Definitely All right. Now, let's go to Kathleen's other question that she had here So from Kathleen, this is more platform related as well But Kathleen simply asking. Hey, is there any way in trade station to see the price that you paid for different lots and then be able to sell that position or sell that portion As far as selling that specific portion, you need you may need to like keep track of that yourself but With the trade manager here on trade station So this is just very straightforward, you know trade manager program This can keep track of your current positions. It can keep track of your average price on positions It can keep track of any type of orders that are out there whether it's filled open You know, if there is a canceled or rejected order So if you're looking for how many shares you bought at one specific time I would keep it on the orders tab here and Then you can keep it at filled orders here for any orders that were filled and completed So orders that you bought sold etc That's how you would look to you know identify that or find that through the trade manager app on trade station So if you're on trade station 9.5 all you got to do is go to the trading apps tab It might be on one of like the walls of your monitor here Like it might be like a thin little strip on one of the walls. So I click that and then I go to Trade manager right there. There is trade manager analysis That's a little bit more in depth. So it's a cool Program or app to use to try and follow up more with your trades But that's something to do like after the market closes, you know went at the end of the day That's something that you need to take a little time to like read and study up on So at least if you're looking to just try and find like the price you paid for different lots The trade manager app just regular trade manager. That's what you want and just it's under orders The orders tab on the bottom. All right Um and how about this I got one that was hiding from me in like the other tab here in our trading room from Aliyosha asking And I hope I'm pronouncing your name there correctly Aliyosha. So Aliyosha asking I have a question about trading platform to use Unfortunately, I live in Italy and I'm Italian and trade station has very high commissions for clients outside the USA Yes, right. So that's one of the things with trade station They have zero commission for US clients, but not international You'd have to contact them as to why but as far as you know, if you're looking for another broker platform Perhaps in Italy Interactive brokers I'm led to believe would be a great platform for you to use So if you haven't looked into interactive brokers I think that would be a pretty ideal one for you to at least do some research on see if you can get Zero commission if you're living in Italy From Joseph, how do you activate your map in pre-market? It just loads up It just I mean it just begins running early in the morning I mean at any point where there's trading going on you should be able to open up a stock now If the stock isn't trading like any volume Early in the morning, you're probably not gonna see much out there on the heat map, right? Like, you know for Janice's app trade You know, this is what it looked like in pre-market You see some orange there, but there's like It's not really a big size that makes up that level or order. So there really isn't much going on here at this point, right? I'll tell you what I Have to jump on to a few coaching calls coming up in just one moment folks But I actually wanted to go over one more trade before we finish up And if you're watching me on webcam right now, you probably can't see exactly what's happening on this screen here But I just saw what happens and I have to bring this up So for as well as I personally did on bed bath beyond today I'm going over a trade that I missed by an absolute hair and It's pretty frustrating Seeing it make the run that it made without me in it. So, you know, hey, I didn't want to get greedy I didn't want to chase the stock. So essentially I ended up just moving on I jumped on to a coaching call and then here we are in traders talk. So obviously I'm not trading while I'm teaching You know that but this morning G box We were watching this early on this morning. This was on our pre-market watch list at 745 Eastern time Well after the market opened up this ran pretty nicely We ended up seeing I mean, it's a big dot. You call it It's a 100 plus thousand share Order that got filled it got filled It's that 184 Well, it's in green. All right. Well, what do we quantify green as? We quantify green as Buying right. That's the nickname So what happens if this could break over? 184 185 again So I waited I took my time on this damn thing too. I Think it was right at this point. It popped above it. I jumped in right at 185 on the nose When a stock breaks through a big level We should be getting a big move shortly after Well, it pulled back down and I ended up getting stopped out I got stopped out at 183 took a two cent loss there I would call it a scratch trade. It was on a decent chunk of shares. So, you know, tiny loss not like a big law It just you know took a loss Well, the next time that it broke above 184 right here I Was watching it and I wanted to get the best entry possible I had my order set at 184 to get filled It didn't fill me Kept going up without me Now if that's such a big level We should be getting a big move shortly after it breaks above it, right? And that is exactly That is perfectly what it happens Now for a dollar or two dollar stock how big is big? I'm not expecting a dollar, but I'd be expecting more than like five or ten cents Let's get me like a twenty thirty cent run up on this for a dollar two dollar stock. That's at least ten percent. I Find that to be a pretty profitable move in a short amount of time, right? so It was just such a shame that I didn't get filled on it because I didn't want to chase it and You know, I wasn't like upset about the loss I took it's all about the opportunity So if I have the chance to get back in then I'll do so The damn thing just didn't fill me and with that it ran without me it popped above two From there it used to his support it ran up even higher and then obviously now it looks like it's beginning to make an even bigger Pop bigger push up. So just recently this ended up breaking above resistance again off of two dollars and fifty cents Looks like our next resistance here for the time being is that two ninety about a forty thousand share orders sitting there on the Ask, I would say if anything this needs to at least hold right over to sixty Otherwise, I would even say right here Let's kind of shoot from the hip and say like a two sixty seven two sixty six I could see that becoming support otherwise here momentarily and then for this to potentially run up higher All right, so we'll see what comes of this move at least over the next couple of hours one more time folks for all of a YouTube only today. I appreciate you folks sticking with me here No need to buy our trial at least for today today only but up until the end of the day You could join our trading room for free. All you have to do is call our office. It's not through our website You need to call our office right there five one six two eight zero five three five zero Speak to one of our education advisors. Tell them that you are coming off this traders talk workshop If you call tomorrow on Wednesday the 17th, they're not going to give it to you All right, so we're doing this just up until the end of the day today But otherwise if you are not joining us here, I Appreciated you just joining us live as part of this traders talk workshop If you have any questions perhaps before even joining us for free inside our live trading room You could always email me my email address is josh at c2 trading calm I'll probably have my ugly mug back on webcam every now and then going forward For all of us inside the live trading room certainly is certainly the same to be said inside the live trading room Any questions that you folks have feel more than for you do private chat me. I got a bunch of them I got an answer coming up here I'll probably do that after my coaching sessions with some students Marty late to so folks It's been a pleasure and again I'll look back to be on the mic later on this afternoon for all of us inside the room at 230 Eastern for the afternoon meeting talk to you then