 Welcome to Nasdaq trade talks. I'm Jill Melandrino global market reporter at Nasdaq joining me at the market site in Times Square in New York City We have Fausto Puglisi is the founder and president of cyber trading University We're gonna take a look at how traders are using total view and Fausto could not be a better time to have you in with us at Marketplace because but everything going on the volatility we've seen in the market since you were with us in the middle of February last time I was pretty crazy traders are asking themselves. What's the bottom? What's the top but as a day trader you can kind of get inside look when you're looking at a single stack What is Jill is that thanks for having me again? And yes when it comes to day trading people realize that what happens over the course of the day which trickles down to a swing trade into a long-term investment and My phone's been blown up. You could ask me thousands the bottom Is this the bottom because I'm looking we're looking at the market all day and honestly This is how you really know it's the bottom when you have the worst of the worst of the worst news and Just constantly old negative stuff and the markets not going any lower. That's when you know It's time to buy So as you see like a lot of bad news keeps coming up and then obviously so what happened yesterday when they load the Fed rate by a Half it took for a big decline and all of a sudden the markets up with about almost like 900 points so far So and there's still a lot of bad news that's coming out with the coronavirus and everything else But that's really when you know when you hit the bottom So for some of the listeners out there that really were missed a boat when the market had a big rally You almost hit 30,000, you know, these are the opportunities, you know, honestly It is like the same thing I saw back in 2008 when we had the financial crisis So once you start seeing all the bad news things start backing up start going up. All right Let's take a look at our example here today. We're gonna look at ticker symbol mr And an asset listed of course. What are we looking at? Where's the levels that you're looking to sell? Okay, so listen, what is the mRNA? You know I keep bringing up stocks of people like what is this company? It doesn't matter. We're just here to make money the main goal about total view and You have to understand how it works how to know where the buyers and sellers are it's all about supply and demand That's why it's such a great tool So we're looking at a chart right here and we're looking at the stock right here And the first thing people notice is like the stock's going up beautifully nice. Look at the stock started this morning It's at 20 sit 2580. It's at 28. Is it going higher now? The goal is why is the stock keep breaking out? It hits a resistance. It comes back down It breaks the previous resistance keeps going up How do you know it's gonna keep breaking higher highs and that what we're gonna do this time is we're gonna Bring a video so you all could see exactly what it's like to see in the real market conditions So let's move on to our next slide here. That's exactly what we do. Let's take a look at total view I'm gonna let you take the reins. Tell us what's happening here Okay, so we got like a little minute video here So we're looking at some real time and the key here is time and sales these are the transactions that taking place We're looking at level two level two is basically people get for free But it doesn't give you the depth of data as total view does now the key here is that you see You don't see that many sellers out there You're just seeing the best bid and best best offer of that exchange But you'll notice how the stock keeps going higher what we need to focus on is The where you see the big sellers and you're looking for big orders. You got a 50 51 different orders out there right around 2028 things going so quickly I try to slow it down. So right around 28 out 2850 So that is really your resistance level. So when you're looking at a stock going out the going higher You're gonna say is it's not gonna break out. So you see it's coming up to this guy right here really quickly You see it's coming up. It's coming up to this person right here. It's 70,000 shares 5,000 shares So it's gonna come up to that seller now the goal is this is that guy gonna get executed remember You have 100 chair sellers 300 chairs thousand you have a big a big order out there You want to see if that guy gets executed and you want to see if that's how it breaks out Remember what makes support resistance levels is buyers and sellers. So you got a seller out there So we're coming up to that seller right here now the goal is is to look right here and see if that seller gets executed and you see it's coming up to the seller and Boom the guy gets taken out It's actually executing it boom boom boom boom boom look at that so those trades actions It took the guy out and I look how fast the stock goes up from 250 where 260 270 280 boom like that as quickly as that That's why it's so important to know where the orders are no way the resistance and see if the guy gets taken out Now when we get to the next slide Look at it. We're already at 2880. Yep, and you can see it starts is 35,000 Which is exactly now. This is the next order now The next question is here's the next biggest resistance is a 33,000 shares for a there's there's a hundred different orders out there Now then that's where the next resistance level is so the goal is you hit a resistance Where's the next resistance the next resistance is the next biggest seller So now we're coming up to him and we're gonna see what's gonna happen when he gets to 29 Yeah, I mean it happens so fast Well, also, this is about a five minute video that I was able to capture when we traded this stock And I kind of speeded it up over about a minute So it doesn't move as quickly boom we hit 29 the guy got taken out again and look at the stock just took off again And and what thing I want to explain to you Jill is that and your listeners have to understand Is that when you have a big seller out there and that guy gets taken out? That is a very big demand someone says oh wow I'll take that 30,000 shares and that's why you get the stock that really really starts to take off Now the next thing is that you're gonna get some resistance levels people it's gonna start backing off There's always profit-taking going on right so when you have profit-taking going on you could see profit-taking going on But the question is is it really a profit-taking or is it just people just Or is it really gonna go lower in this case? It's not Seller got done remember we just watched the stock go from 28 to 29 now look at it We're at 2950 already Stock keeps going higher and higher because those sellers are getting executed as those sellers get executed There's that means there's a demand for it when you see big block orders out there It makes a bigger demand that makes it higher now the next resistance level obviously is going to be where we have to focus on Where the next biggest orders are so we got some we freeze right? We're done. Nope We have a little bit more to go here. We slow down over here. Yep. We're done So the next video we're gonna show you actually go to our slide here So this is where you're looking at those levels right so we look at the seller So we have a 67,000 share seller at 28 so now we have to look what's what's what we call iceberg orders What does that mean? Okay? So it's a funny story. So I came up with this word about 20 years ago after watching the movie the Titanic Okay, I should go watch that movie very sad movie. I definitely recommend it So anyway, what happened to Titanic it hit an iceberg and the thing is everybody was focused on the pretty of the ship and above The water they didn't realize it's not with some above the woods at the bottom of the water icebergs are really big So what happened it crashed and sunk so what we're looking for is big iceberg orders Which we call some people call them big block orders But when when you see a big big order, it's called an iceberg order So now we're looking at a 20 90 and looking for a resistance once again stocks going higher We need to focus on the next resistance level. All right, which is on the next chart here particular. Yep So he's here's a quick just a quick little screenshot. So as we're looking at it You see it's a lot easier when you're focusing on when you're just looking at the at the level of the total view and It's easy to point it out. Now, please keep in mind you listen We're fast-forwarding is pretty quickly to get to the point. It doesn't move this quickly But I'm showing right here is the quick screenshot What we're focusing on is this big order right here for 73,000 chairs and is 30 There's 315 different orders out there making up that 73,000 now The thing I just want to point out is I'm going to teach everyone a quick little lesson Yeah, don't ever sell anything at 13 13 30 dollars go out of 29 99 you just cut the line by So that's for anything that's I've been evil even number biggest trip the biggest Biggest trick I was told by my mentors on jungler. Listen, everybody's gonna think 30 everybody's gonna take 20 go out 2199 you just cut the line by 73,000 chairs. That's a very good like selling a house or buying a house It's like that those incremental psychological levels Well, if you remember if you look at it the stock has a penny intervals every so that's a little tip But the thing is let's focus what happens to the 30 No, just right off the bat. You know, that's a major resistance levels and that's what we have to focus on That's for this to stock to go any higher. It's got to get through that 73,000 share seller on total view All right, well, let's take a look at that next side where it seems to happens next now. We're gonna get the other piece of the trade, okay So here we're now we're looking at the stock moving here's 2945 20 20 29 48 62 67 so the sellers are getting executed you can see the transactions taking place But we know that there's that guy sitting right here and now his order is coming up Look as he's starting making up the ranking. It's getting up to 30. It's getting close to him So let's watch what happens 74 70 look at the transactions taking place It's trying to get there and by the way those orders They're all real people think like that fake those are real orders. Can a guy cancel it? Of course, they can cancel it but that you have to take very seriously and that's a real order out there So now when you as we're looking at it and as it's trading it's trying to get there actually It kind of almost tested it. You see that right there. Yeah candle right there It's hit it and now starting to back awfully nice. I see the red candlesticks So now that means that that the last sale is lower than the previous and this works for all kinds of stocks ETFs would it work for ETFs? Futures it works the same way remember it's the move in the stock that makes all those other things ETFs and everything else you can you could look up any ETF and they'll come up on total view Look now we're down to 29 Yeah, so my point that I'm getting to is this if you didn't have a game plan Jill and didn't know that that seller was out There and you try to like and actually if you go to the next slide This is exactly what you were talking about There's your level right there if you didn't have a game plan and knew that seller was out there and look at look At that candle that stock literally moved look how fast it moved in that one bar chart If you didn't have a game plan to get out there before that guy was out there And if you didn't what we call shaving if you didn't shave just before that 30 and cut that line Guess what you would just look how much money you would have lost that stock didn't even drop from 30 look where it went to 30 you got crushed on that trade because what happens if that sellers out there and he's not getting executed He really had to sell that order Jill. How's he gonna get out? He's got to sell to the buyers if he hits the bid he's learning that stock down not you and I remember We're not trading seventy four thousand someone else's but and it's not one person We saw it was like those several people out there doing it and that's how you got to focus on using the total view when you trade In today's volatile markets. All right, so cool to actually watch it happen in real time Thanks so much for doing that for us about so and thank you for joining me on trade talks I'm Jill Malantrino global market to porter it and has back