 Welcome on our weekly workshop traders talk here this Tuesday August 8 8 8 23 great to see all of our students and members alike here we have Jeff Sid Sam Barbara Carla Jason Kathleen Lawrence Patrick Wayne Grant and all of us joining us inside our live trading room great to have all of you there great to have all this back perhaps joining us on social media Facebook live LinkedIn Twitter YouTube etc. Hey if you're fancy with your phone right away if you'd like to join us inside our live trading room after this workshop scan that QR code right with your phone with your camera get access for a week long trial there we look forward to having you but for right now we have a lot to digest here in our weekly workshop traders talk so at that said here we are let's hop right to it I want to go over a couple of different trades that students had requested from earlier but more or less I'd ask right before I pressed record you know hey is there one stock is there a stock from the morning watch list that we had posted that is going to be of note for you like if you could take yourself back to 9.25 in the morning 9.15 in the morning or so right before the opening bell and we had posted the morning watch list I'm going to post that coming up here for all of us on recording right now we're all of us on the stream so this is actually the watch list that Fausto posted in the morning here right before the opening bell the pre-market watch list I accidentally snipped right above it there but this is the main morning watch list so for students like Carla, Jason, Jith, Lawrence, Patrick I'd ask them you know hey what stock were you most interested in following here right before the opening bell well let's see what the answers were looks like a few of us were saying silo honestly it's a mixed bag a lot of us were saying the buru a lot of us were saying the torey and a lot of us were saying the silo we'll go with those three so honestly hey let's go through all three of those to start and what we'll look to do is really recap where the big money was trading at because our whole premise here at cyber training diversity is to follow the big money and we go through the same motions here in traders talk each and every week because well hey you can't reinvent the wheel you know we go through the same motions in class that we do each and every month you know maybe going over different subtopics but you can't reinvent the wheel so here in traders talk what we like to do is go back on pre-market go back right before the opening bell and asking well where were the big levels where were the big iceberg levels where the big levels from the day before if those were relevant because if we're so focused on buru like grant and sit or saying and if we're so focused on silo like jith and sit we're saying from earlier or drug or any of these others like Carla Barbara Wayne are all saying here then hey we got time right you know for all at our desks at 8 30 in the morning 8 45 in the morning that's really the latest that you should be at your desk spy right before the uh morning meeting well from that point you have about an hour's worth of you know kind of researching and studying to see where these icebergs were so this is easy to say drug right off the top here this just dropped off as soon as the market opened up or within the first 10 or so minutes but even here on this trade we'll actually go over this one since it's on the screen it's not one of the three I underline right there but it was on the list so it's actually at least go over this one to begin you know drug popped at first in pre-market what we'll look to do is kind of just go over book map here really quickly bear with me just for a split moment just get the easy version of book map out there the cvp the heat map that's it so normally for a stock like this we'd be inclined to follow the 50 cent levels the whole number levels so we're talking prices like five dollars five dollars and fifty cents six dollars that's where the iceberg orders are assumed to be you know typically at these 50 cent levels and whole numbers well those are assumed but it does look like there actually was a pretty big iceberg order early in pre-market at 583 584 so bear with me for a quick moment folks because actually just earlier today we had made this call out live inside our live trading room just at 842 in the morning kind of just showing here the chat the dialogue that we like to make to our students here at 842 in the morning I was writing drug has a 13000 share iceberg at 583 well it showed it right there on level four it was out there since 823 in the morning I made that call out at 842 it was starting to pop back up so I said all right well hey we got this iceberg here it's testing and this is all pre-market trading mind you it broke above it here so this could have been a great opportunity to look for a pop much higher well if we're expecting a big move and we're not getting a big move it's easy to say here but we're going to be getting a big move just the opposite direction so this was all before the market opened up even right all right well as far as the direction of this trade right before the market opened up it's not necessarily upward it's more like flat it was dropping off going into 9 a.m see you can't necessarily say there's a ton of buying pressure on this trade right before the opening bell you know if it can re-break above 583 here if there could be more buying above that 583 then there's a chance but otherwise though let's say the first few minutes this stock also I want to mention this stock had a huge spread early in pre-market we're talking like eight cents ten cents at times here even so based off how illiquid it was I wasn't necessarily a big fan of this before the open it wasn't one of my main three or four myself obviously was active enough to be on the list I would have put it on the list too but hey what happened to 583 well it started to move back up there and for as much as it popped from 485 490 here it's moving up it's moving up and for the first test of that price again I still would expect resistance well over time it actually generated in my eyes a fair entry like once it re-broke over 583 here in a shorter time frame it led to a nice reaction it led to a good like 60 cent move basically it was a hell of a nice pop but again it's got to keep showing higher lows it's got to build support now off of six bucks it's got to show a higher high here off of 625 if it's not going to do that over time then the probability for this to pull back increases and what I will say which is you know the easy to say part based off pre-market based off how illiquid this stock was in the pre-market hours the big spread how thin the orders were out there if it's not going to make that big move higher then look what happens you have a nasty shake so this this is the type of shape that can really catch up catch it off guard there this time I just lowered my seat on just lowered my seat automatically on the stream that I probably caught that no but you could see at least it ended up making a lower high and then you know hey if it's going to make a lower high it's more prone to this type of reaction after and you don't want to get stuck hoping and holding after because obviously look at where it's at now all right so that was the drug trade to begin I'm going to scratch you through it here also probably going to deal with that throughout the remainder of this trader's talk so my apologies there in advance but you know drug was not a good trade really from the onset right before the opening bell but a few more of us were typing here in the chat board the Tilray stock and this is the one I really wanted to sink into so I'd rather not waste more time and I'd rather just jump right into this right all right so who here remembers Tilray from last week anyone here trade Tilray just about a week ago you know it ended up running up pretty nicely like a week and a half two weeks ago basically in this time frame who here in our live trading room recalls that move maybe it took 10 cents maybe it took 15 cents five cents you remember us at least putting this on the watch list right so with that said well hey it was up early in pre-market hours it was up like eight nine percent in pre-market so there is a chance for it to pop whatever news came out it led to a good reaction and perhaps that could lead to a higher high easy to say it's still pushing up right now right all right well a I'm still in the straight right now from 250 why am I still in the straight from 250 that is what we're going to answer right now I mean really the first answer to it is sentiment I'm led to believe this is going to squeeze up higher I said that though last week so for as well as we were doing on the stock where there are points where I gave up on realized profits looking for more looking for more and I didn't get it yes 100 percent absolutely folks that's part of sentiment you're not always going to make the perfect move at the perfect time you might take a great trade and if it doesn't continue to squeeze up the way that you want it to well you have to get out sooner than later you have to take less of a profit or maybe hell in a worst-case scenario event which you never really want to have happened if you waste a big unrealized profit then worst thing that happens is you go break even right but either way on this trade back from like a week ago week and a half ago we were calling this out for a massive potential short squeeze you know Brian chats me on the side here and I always suggest for students to always ask me any questions that they get or that they have and we can go over it on the side via private chat and you know just the last couple weeks Brian and I were talking options he was talking a couple suggestions for me that worked out on draft Kings he's been killing it there you know but with that though I was telling him like hey I see something on Tilray right now and with how cheap the stock is you could obviously just trade the stock which is now what I'm doing last week a week and a half ago I was trading the options on it so you know let's go over this move now I was just more inclined to just day trade today so I didn't jump into my options trading platform this morning why am I so interested in Tilray this is more a a matter of history potentially repeating itself but then be what's called a cyclical pattern cyclical pattern right and it's not to say that pot stocks are cyclical automatically but here is just a little interesting pattern I noticed on my own doing on my own time my own studying I went back on Tilray I'm like whoa wait a second this could be pretty interesting to show the team here so follow along here back in October of two or back in August of 2018 the stock exploded it was recently off an IPO and we were trading it back then it was one of the most historic short squeezes that we've ever caught inside this room so stock at the time went from like 20-25 dollars upwards as high as 300 dollars that's not an inflated move that's not off of like summer versus stock split that was as real as real gets well ended up coming back down right it was a short squeeze it was a pop and drop and crashed much lower over time down as low as like two dollars here basically right well it ended up making another short squeeze back in the beginning of 2021 right it popped from we'll say 850-ish topped off at 67 well that was a legitimate squeeze as real as it gets what's the time frame on that from the squeeze back in August September of 18 to this one what's the time frame on that well let's do a little math right now so 18 19 right there 20 right here we're talking loosely speaking two and a half years right two and a half years timeline from that squeeze to the second one same reaction right and made a big squeeze up it ended up making a long up wick on that monthly candle then came back down and broke much lower let's go two and a half years from February of 21 so that's two years and then six months right well two years that's that takes us to February of 23 automatically and then six months well wait a second that kind of leads us to right here and I noticed that on my own time like when it first started popping last week when Brian and I were talking options it was just kind of stroke of good timing where I noticed it like in my own prep I'm like oh my goodness wait a second Brian look at this for a second here and I may have referenced it during the afternoon meeting on a given day or maybe even in a trader's talk just between you and I I forget what I have for breakfast each and every morning so I can't exactly remember the exact quotes I used back last week in trader's talk but we had referenced this squeeze at some point the potential for it so I'm not exactly holding my breath waiting for a move up to 10 or whatnot but I think it's in a very good position to at least see if it could try and make a move at first and so far obviously it had from a week ago a week and a half ago but this morning pre-market ended up leading to a move up early on and that's where we can kind of dissect this trade now so that's kind of why I'm still holding on to this position from the morning what led to the actual entry what led to the actual entry it's not like I just threw a dart on the wall in Atlanta right you know if this wasn't up eight nine percent in pre-market I would have no interest in this in this trade this morning I would just look at the other stocks I would look at gorilla or Tupperware or Novavax or any of the others that we were kind of focused on but this was up big so I said all right let's just kind of see where our levels are let me ask us here little pop quiz we just brought it up like 10 minutes ago so you know hey if you're a student here I want every one of us to write this answer right now well group participation right now where are we more likely to assume key levels on a stock like Tilray what set of price levels are we expecting to find icebergs up ended up even running in the after hours last night ended up starting that move last night in the after hours especially for a cheap stock like this right 50 cent levels and whole numbers both of them so that includes 250 right so you could even say dating back to the after hours last night green started to see a lot of green coming in at 250 there well even early in the morning in pre-market it was chipping away at it green for every time it was nipping above it green even after a 30 it was disappointing in pre-market but it nipped above it there it showed even just a little bit more buying interest well like we always like to ask what happens if it keeps nipping at it especially once the market opens up and there's a lot more traction and momentum volume all together on a trade like this could it pop and drop absolutely so on the first test of this level I ended up holding off and then once it rebroke it later on I jumped back in so it was a few minutes afterwards but once it rebroke it it was on these candles one of these two I jumped right in I didn't wait I jumped on the next break of it right here I said enough's enough I'm going to look for this big move right from here I shoot straight folks I'm not just going to tell you it moved up instantly right away after it it pulled back it took a little while and then it made that better reaction it took about five or six minutes after I got in for it to make that more decisive reaction and I was a little nervous as it pulled back here towards 250 so you know there was the threat of me getting stopped out as my stop I think was at like 46 or 45 you don't want to really risk too much more than that but just point being even if it would have taken me out should it keep nipping at that level one more attempt it's just weakening the resistance and it's not just from the after hours yesterday or the pre-market this morning or here even but let's even just go back to a week ago a week and a half ago for as much as it gapped up and ran here well essentially it held off 250 you know it was having a damn tough time trying to go higher there these days you know this could have been a great day for me to you know either get out on a nice runner there or if I was looking for more perhaps I wasted some unrealized profit and then gotten out a little bit lower as it dragged off there but even on all of these days here if I go into like an hourly chart and try and show it to you there you're just seeing more and more interest for the times that it's nipping and gnawing above that price so easy to say but once it re-broke over 250 in the in the you know prime time hours in the morning here 9 45 9 50 in the morning let's ask us we know that 10 30 is reversal time 10 15 to 10 30 you know what let's actually even just say 10 15 let's undershoot it let's be safe I just got off a call with one of our students Roberto on this and it was a great topic to go over for all this year let's just say that reversal time is at 10 15 in the morning when I jump in right here at we'll say 9 45 9 46 how much time do I have until 10 15 from 9 45 9 46 in the morning how much time do I have until 10 15 in the morning the world is my oyster with 30 minutes right I have the world in the palm of my hand in that 30 minute time frame and it's not to just kick my feet back up and assume it's going to run guaranteed but where we teach you in class that prime time trading is from 9 35 until 10 30 and I jump in this trade at 9 45 in the morning 9 46 we have so much time we have so much time to look for that proverbial big move shortly after right now for a $2 stock how big is big is 20 cents big is 50 cents big well the faster it moves up in a shorter time frame you do want to factor in that reversal time that 10 15 10 30 so you know it's on such a beautiful trend off the lows it's trending up very nicely it makes a 20 cent move right away how about this really quick question I was going to ask a poll question inside our lot trading room I didn't have enough time to set it up I started this workshop actually pretty late no competition here folks the only person you're competing against is yourself but for all of us here that either traded till right today or would be interested in trading till right you know even if you did not how many shares would you trade till ray of or how many shares actually did you trade till right up here let me know no competition the only person you're competing against is yourself I can care less if someone's trading 50,000 shares this or whatever just point being is that if you're doing a thousand shares if you're up 20 cents that's a $200 profit in about 20 minutes time could I ask everyone here following question right now a little follow-up regardless of how many shares you're trading how often are you making $200 profit in about 20 minutes time or less if the answer is often then perfect good for you you're a consistently profitable day trader likely but if you are not often making $200 within 20 minutes time here or ever really doing that at all I would take the money and run a lot sooner than later right much more often than not I would just get out to get out if you're up an abnormal amount of money that you're not normally up in that time frame what are you doing just I would be more prone to getting out or taking half out at least and keeping half it now if you're someone that has been making that money much more often than not or at least half the amount of times and you know the other head you're tightening your losses really well you're still pretty profitable I'd say so the more that you're doing this the more that you'll grow the confidence to hold more or lean into a trade here or there if you're not in already but from 250 that was the first major level to work off of what happened after 250 where there you know other levels to work off of from there I didn't really show you book map outside of that 250 level all right so is there any resistance ahead here like kind of after it pushes off a 250 260 here you know above where my cursor is above where my cursor is right here is there any resistance is there an iceberg order out there ahead above where my cursor is Ryan Sam wean all saying 275 right right in the middle there of 76 74 so 108,000 shares right and that popped out there when the market had opened up really right away after the opening bell so let's acknowledge that now as a resistance put a line at 275 and see what happens here you know it moved up higher of course but looks like it stalled out there for a little while didn't it so as far as kind of following that next key resistance it was 275 and hey right around 1015 leaning more towards 1030 actually three minutes prior to 1030 did this top off it topped off at 275 went sideways so hey you could trust the cyber clock in this case here this one trade you know really right at 1030 it ended up reversing or flattening out there ultimately if you were to have gotten out earlier that would still make a great trade especially if you were getting in where you should have and you know when I say that where you should have it doesn't mean that you should have been watching this one stock and that's it because if you were watching chag or you know gorilla or the other stocks that we had on the pre-market or the main morning watch list like we were talking about silo and buru and you know the others out there well if those present good tradeable opportunities then follow those if they have clear levels and easy to identify levels for you to work off of and you're following that and that's breaking through a big level on the way up as long as you're making money right um there's a lot of times where I'm not in on the big grand runner that's showing in the room but I'm making clean money on another stock that's on our list that I'm calling out that margaret and Kathleen and ryan and sam are making money on too so it's not like oh you should have been following tilray and nothing else no no but if you were following tilray this morning since it was on our list and I know the majority of us are in the trading room by 830 eastern time well you have a lot of time to prep and figure out where the key levels are more likely to be and hell when the market opens up at 930 the first three to five minutes you're not trading anyway so at that point you're taking a last look at the order books seeing where the icebergs are so here like 275 like we had said you know first few minutes of the market open so okay well what's ahead here ooh 90,000 here or so you know 107,000 here so in the event where this ends up breaking off at least from the 250 level so all right and less of a tanks from 250 they're coming up the there is a good chance for this to try and get closer to 75 now if you get out and already took the money and ran is there another opportunity for an entry in some flash and lights here is there another opportunity for an entry here the answer is yes it's easy to say yes but the reason that it's yes at 275 is the same exact reason carbon copy at 250 it's the the literal same exact reason it's just the next level right absolutely so the first test of this key resistance it broke above it and then it pulled back so I mean more than ever I'd be sitting on my hands not expecting continuation but the fact that it even nipped above it there hey let's just ask one more time like we went through a week ago in class and time in sales when it's breaking over that price what colors popping up on the tape there Ryan had that loaded he knew where I was going with it see but hey you know what the more like the more that you're like Ryan and a lot of us here mind you and the more that you're in our trader stock workshops and you're in our classes eventually and join us there it sinks in a lot more right green right and what do we nick name green as Ryan and all of us here gotta fix my light fixture here right now I get some crappy weather outside right now I get a lot of light from my window right now I get some crappy weather here in Florida right now so pardon me there buying I get buying right now so with that said we started to see the initial buying here even though it falls broke it you know yeah it broke above it and pulled back but hey there's actually some green there and then again it tried it one more time and it failed it broke above it here and it failed but the more times that I could nip that level in a shorter concentration that's where I feel very bullish that's where I feel more confident about that larger reaction shortly after are there times that I missed that pop because I'm more cautious and I'm more reserved with taking the entry thousand percent I mean just yesterday I think there was a trade on a stock in the afternoon I was looking for a few tests of a breakout just popped right over it right away so we're not going to be perfect all the time but that's not what we're trying to do we're trying to follow what happens more often than not so you know if you're going to ask me do I have a percentage in my head as far as how often I see a false breakout here I'm not a mathematician I'm not a statistician right I'm a day trader so with that you know I'm more inclined to just say the more times it tests a key level in a shorter time frame I do feel bullish so if I turn over to Tilray like let's just say we weren't doing traders talk here and I turn over to Tilray and I'm not in it and it already tested this two separate times already and I see it kind of lingering underneath here again you better believe I'm going to be following this trying to see if it's going to make this next breakout again now if it already tanked and dropped like way down lower to 250 at that point then just move on to a different trade like earlier today not to dig into this one as much you know better short than anything hell this nvax trade was a really nice drop but from earlier there was a great chance for this to explode off of 850 and rip and run well finally it broke out here and it was a great entry it ran up like 20 cents 30 cents that's a fair move for an eight dollar stock but I wanted more so you know that's where if the wheels fall off on this trade if the momentum dies off you have to learn to get out ahead of time or at worst at the absolute worst break even yes you're going to lose all that unrealized profit but better to get out break even then to you know right so you know I don't like wasting profit like that but that's like the ultimate worst case scenario for me after a stock has already made a big move and I'm in it so like Tilray yeah there is a chance for this to pull back harder from 275 and not continue off of it in which case that would have been likely to get out before traders talk started but with that in mind going back to our kind of like thesis our cyclical thesis year of seeing this two and a half year pattern of short squeeze breakouts on Tilray we are literally here in August right now in the first week or two so this is as good of a time to try and anticipate it try and look for it again we're not going to you know hold our breath over the next two weeks waiting for this move if it's just going to snap back down to 250 and that's that but if this holds here and fails to break lower in the next couple of hours and we come back here at 230 for the afternoon meeting and this is breaking new highs I wouldn't be too surprised so you know at this stage we'll just say level by level on this Tilray stock all right now really quick if you're joining us on social media Facebook live LinkedIn Twitter YouTube the works hey we appreciate you joining us right now but if you wanted to continue us or continue joining us and our students like Sam and Wayne and Rod and Margaret Grant and all of us just there just scan that QR code right there you'll have access to our afternoon meeting later on today but all of our workshops included the afternoon audio commentary uh-oh again a little glitch right now my computer right now I don't know what's that uh-oh folks I think we're running into a small technical issue right now live even as I'm saying that here uh-oh give me a split second I think on my other computer I have two computers right now my computer I'm streaming off of just froze up you got my webcam we're going right now so actually bear with us here for a quick moment I really quick rich I'm going to have you just share in the trading room I'm going to take myself off this screen in the trading room rich just post up there and you know just share a stock for right now just give me a split second here folks I'm going to reboot get the whole thing going just stand by I'm going to keep the QR code open right now just on the on the stream we have our trading room still up and running right now as usual but again computer just gave me the uh blue screen of death the other one here gotta reboot got my stop set on tilray so I'm very happy about that but give me a brief minute or two folks never know what happens in these live shows let's have in here that's the first time that happened during trader's talk whether it be on stream or inside our live trading room so I guess there's a first for everything huh gives me a new uh errand to run over this upcoming weekend to go to the computer store and figure out what's happening alright so if we're always on the stream and inside the live trading room just give me a brief moment here again we just got knocked off for a split moment got to refresh my computer refresh my screen be good to go just a moment already got my platform back up and running here so just give me a brief moment we'll get my stuff sharing here in just a bit typically I see one monitor go out every now and then and it's like a little glitch and we say all right no problem there then this one was both and I knew right away I'm like oh okay we gotta freeze up so just give me t minus 60 seconds folks I think less and then we'll be just good to go to continue appreciate everyone's patience thus far right away just one moment and just like that at least back up inside the live trading room I should have my screen sharing again it's on the tilray trade it's on the tilray trade so again John we're not making callouts right now but we're going to be continuing our weekly workshop here in just uno momento all right so just bear with me for a split second appreciate it there we go there we go we are good to go folks now collectively let me know if you could see my screen should be good to go from this point forward right right should be good there we go perfect all right so we were kind of finishing up tilray anyway by kind of just saying based off the cyclical pattern basically two and a half year stretch between the short squeezes that we were looking for continuation heading into like really this week so we'll see what happens just this afternoon it's still holding still holding here your next big resistance is up top at three now with that though we had a couple of different examples I wanted to go through here that students had sent over right from the main watch list actually here a couple that we didn't have a chance to go through so the silo trade from jiff from email he wanted me to go over the drug trade actually started off with if you're with us just at the top of traders talk we actually started off with by going over the drug trade it was a it was a dud right so we knew pretty quickly once that failed to really continue to hold off a 583 yank the other way but let's go over the the others though silo from this morning it's a pretty similar reaction looks like before traders talk this made like a flash pop and then from there held so again one thing that we talked about before my computer crashed just for a second is that typically off of these 50 cent levels and whole numbers you're more likely to find key icebergs and with my computer refreshing here I forgot to load a book map there with me a split second on level four but I think that you could see right away the end result here for the first test of this price again since like you know 8 30 in the morning it's really taken as the first test just in general again here at this point it's the first test of the regular session of this price for as much as it moved up from 250 well that first test of resistance you would at least expect to hold or see hold so with that as I'm getting my book map here up and loaded you'll see that it ended up testing three it ended up hitting three broke above it but again I'm not expecting continuation from that price especially with it bouncing from 250 all the way up top there you know hey if it blasts over three right there and runs up to 325 then maybe resistance can get flipped into support but with this though on the first test you're expecting for it to hold and then you know hey maybe if it failed to or maybe if it didn't snap down here if it ended up just holding holding holding and showed better strength then there's more of an opportunity for this to try and retest and go but that's just not how the cookie crumbled right stock ended up just kind of holding right under three tanks and that was it so that's kind of the easy story here on this more mid-morning move but I didn't really go over the pre-market on this as much so let's at least go back to the pre-market you know obviously stock ended up popping at 830 in the morning but wherever the key level is just prior to the opening bell well basically right here at 299 right there at the whole number three bucks we'll just round up a penny and say now with this it's not as easy on the eyes you know it looks like a few points where you see some orange here you see some orange here or there if it's not as easy on the eyes then I wouldn't be so keen to use that as a key level that I'd be risking thousands of dollars on you know what I mean so for me I'm gonna keep my faith in the 50 cent levels and certainly this whole number level like three and then from there 350 50 cent level on top and that's really it from the CVP column here there really isn't like a a huge spike that stands out a whole lot maybe if anything like 268 it builds up a little bit here prior to the open but you know that's kind of reaching a little bit little little stretch right there you know I guess I'll plot a line at 268 if anything just to see all right so I guess there is an entry at this point this is what catapults it up to three bucks at this stage but again it's choppy at first off a 268 or whatever this is here so it tries to hold it but probably had a thin book at the time like the drug stock and you know if it's not going to really rip and run it right away then it's going to make the drop and big move down you know I guess if anything easy to say in hindsight but 268 built out as a level later on you know tested it again here you'd expect resistance but on the next test of it it rebroke if you're looking for a big move shortly after it makes a fairly big move at least up to three and then the same result ended up happening where it just broke down so you know again silo it didn't really present too many easy to see levels on the heat map prior to the open so if that's the case then I wouldn't prioritize that stock over others like that's always going to be my answer if if you're looking at a stock from our list and hey it's on our list for a reason mind you but if that stock does not present clear levels for you to look at and there is another stock on our list that does and they're both like kind of similar volatility perhaps I'd rather you follow the one that has easier to see levels right so jith was asking was 285 a strong level I didn't see it on book map that's typically going to be my answer right you know that's typically what we cover like just with anyone on coaching calls or class mainly you know there's nothing there's like even nothing really there 285 that makes it any so again just focus on the heat map focus mainly on the heat map here three 350 but that's kind of it so I was even kind of forcing this out here 268 it wasn't even like that big in the grand scheme of things but you know again just that was really all the move was there for just kind of the break over that price topped off at three hold back what was the other one what was the other one the guru stock seem result just even steadier on the way down so wow this thing exploded reminds me of the vtgn right and perhaps I could have could have even started traders talk this week off with the vtgn stock right that was the one from yesterday that was that massive short squeeze went from like six to like 60 bucks or something like that well when this stock is at 80 cents in pre market a we're not calling it out because we're really focused on stocks above a dollar to start so you know it pops from like 60 or 80 cents and I don't know when we first called it out but let's just in theory say it's when it hits a dollar so from that very first point I think the actually yeah right there at 813 in the morning rich first call out right there I searched it right there at 813 rich wrote guru trying to hold over a dollar so of course from that point it ends up running up but the more stock runs up like this you got to wonder when is the end where is the end going to be you know if this is at 60 cents in pre market it's at 240 you know in about 30 minutes time that's a 400 gain first off and that's within about 30 or so minutes or less so you definitely would be more reluctant to try and jump in as it's running parabolic right but for as much as it runs parabolic perhaps this could build support over time again and keep going up higher so let's focus more on like the move that we saw after the open because hey in pre market here at nine o'clock we're not really trading we should be getting out of our trades by nine o'clock nine ten in the morning eastern time so I always say here anyway right I'm not trading pre market by that time you have to stock a chance to breathe and relax give yourself a chance to breathe and relax a little bit before the open right so really easy to say but it made a small balance but failed to go higher and for as much as it was up percentage wise you do expect a little pullback at first as you're expected to see profit taking now the stock ended up just continuing to drop off but I'm going to load up book map on this first or in a moment but first actually what I want to do for this to run parabolic like this this is the only instance that I'd be interested in using fibs where you have a distinct bottom and top like this so you know on something like this to see it go this high up probably like 132 would be the first support I'd even think about and then from there even just like the 76.4 which lines up to be pretty close to a dollar anyway it's a few pennies off like 106105 so what happens here well right away at this line it broke under and it broke back over 133 right on this candle and I bring that to your attention because that actually could warrant a potential entry but just like we teach here and just like we teach in class every single week and month when a stock is breaking through a big level and if you're jumping in you should be expecting a very significant reaction shortly after a big move shortly after if this is meant to be support then you're getting a strong pop right back up well it generated an entry but if it's not going to make that big move up it's going to make a big move don't hope and hold so from there of course it broke lower I'm going to finish traders talk off with a small little discussion just in a moment regarding the chat board and all of this but I hope I remind myself of that by 12 o'clock now with this it pulls back a little bit more right this is already a dead duck anyway because it dropped off so much at this point or after 1030 or after 11 o'clock and granted if you're really fishing for a bounce I mean there could be a chance but don't keep just trying to catch the falling knife you know if it doesn't bounce off of one dollar then obviously this is your reaction afterwards I actually do want to jump to the VTGN here really quickly then back to Buddha so VTGN was the crazy one back from yesterday right went from like six bucks or whatever it was two bucks even up as high as 60 right crazy crazy move you know you're hitting the lotto here if you had gotten even a small piece of the pie on this and you know I just say that because it's not often that we see a stack go from two to 60 right let alone from two to ten so on this trade I used fibs on it and as it was pulling back before the opening bell this is where I was saying like all right well I'll see at least $15 here you know if it comes down to 15 maybe we'll talk and of course it pulled back there pretty quick but as soon as it got there well unlike that last example using fibber tracements here it sliced right under the level and that was it there was like no looking back at that stage once it broke under that support line so going back to Buru right there actually could have been a small entry off that little fib at 132 but if it was meant to be it was meant to be you'd see it bounce off there pretty hard instead of just kind of consolidate consolidate consolidate break so all right so now with book map at least here I mean we went over this move pretty much in full we know what happens this thing a tent right and you know there was really zero entry on this trade there is zero room for a bounce otherwise right there is room for like one or two entries but it just never went and something like this it looks so ugly with the amount of times it got halted here let's just say this is a really tough stack to pull data from right now it's really having a tough time trying to like scrunch up the price axis on me right now so it looks like right before the open there could have been a small iceberg at 128 about 11 000 shares there was an iceberg here 89 cents as early as like 8 30 or 8 15 in the morning that seems to be a pretty dark line pretty uh bold orange line there so even though even though this order got pulled from the book at 8 35 in the morning or so that could still potentially be a level to watch and you know it's actually there right now at 90 cents 89 cents so watch who knows this is the bounce point now we'll get a nice little 30 cent pop on it from 89 cents coming up that'd be too funny if we come back to the afternoon meeting at 230 and we see this at like 125 or 130 or so that'd be pretty funny all right folks hey really quickly I want to make sure I go through a small discussion just before we finish up I just thought it was very useful and beneficial I just kind of rattled it off the tongue to a student on a coaching call before I said wow okay this could actually be a great discussion for every one of us here right okay okay so aside from listening to my voice and perhaps seeing me on webcam every now and then or if you're joining us in person at the onsite of course that would be as great of a chance to get to know myself and get to know Fausto and get to know your fellow students here if you're not doing that you don't really know anyone and you know with that you don't really know everyone's experience level you don't really know what everyone's really trading I mean let me ask us here do you see everyone posting all of their losses here in this trading room right come on so where I'm getting to is this you might look at a trade inside the trading room and you might see someone make a lot of money or a lot of sense per share and you know I'm always looking at the entry points right and like I'm seeing like myself wow holy shit this person just held on for like a 75 cent loss and they're posting like a 40 cent win and it's like you know if if other people don't realize that then they're just kind of looking at the post they're looking at the profit and they're saying like wow great trade winning trades aren't always managed well and losing trades on the flip side this is where I'm getting to this is ultimately my point here because winning trades as much as we are here to make money and that's the end game winning trades aren't always managed well and winning trades aren't always like with great entries but on the complete same side of that coin not all losing trades are bad like hey if you take a 10 cent loss on a stock don't beat yourself up too much over or if you hear josh take like a 10 cent loss or jith or ryan or wane or charles or grant you know if you post a 10 cent loss I think a good idea is to study that and realize at least what happened after the the loss because every trade begins with the entry I might have an a plus entry on a trade but it was just there at the right place the wrong time right so where I'm getting to is here if you if you feel like you're taking a lot of losses and obviously we're not going to be as jumpy and and go to the post a loss in the room but it's to say and I say that because not everyone is going to be as transparent like emotions are on the line you know we don't force anyone to do that and no one likes doing that so I understand but what I'm getting to is don't beat yourself up too much if you're taking a loss a loss like a singular loss you know every loss is different than the than the next and the last one you know hey if you got your ass kicked because you didn't set your stop well of course that's something we need to work on but if you took an all-star entry on the trade don't let that go unnoticed you know compliment yourself as much for that entry as you look to try and reinforce what you need to work on that led to the loss because again emotions way heavy in this game and if you start seeing this person make this money this person make that money in the room you might look at that for just kind of the text that it's worth there and say well that's a great trade they're killing it oh my god you don't really know what's going on behind the scenes there they might be getting their ass handed to them beforehand so that's where I say try and take the emotion out of it as as much as possible and one of the ways to do that is to really dig deep into the full trade that you're taking it's not just the fact that you lost money or the fact that you'll want money it's the entry portion of it as well you know for students I coach one-on-one which now at this point is like 80 to 85 percent of us live in this room you know who you are right now if you're doing coaching with me that's where I'm saying that when I'm going through trades with you one-on-one even if I'm taking a loss live with you I'm gonna try and shrug it off and jump back into that same trade if it presents an opportunity later on or jump into the next trade keep it moving because if I take a great trade and the stock just isn't going to make that push I want it to make who like what am I gonna do like blame myself and beat myself to death over it do I control Buru a stock trading 65.7 million shares today no not every stock makes a continued move up higher with good news right so of course we don't want to just trust the news buy the news all that stuff but you know you don't control the stock I don't control the stock what we do control our positions the money that we risk so you know is setting a stop of course we want to set our stops very tight if you're you know losing a lot of money because you know you're not setting your stops tight enough it's an issue we definitely need to attack quick but from my side of things it's not a hard issue to solve but outside of that it's to say where are you getting in from you know if you're taking trades and you're really not grasping like why you're losing money and well if you're setting your stops tight well perhaps it has to do with the entry point perhaps it has to do with getting in the trade so you know hey for as repetitive as I am with you know breaking through a big level on the way up and you know expecting a big move shortly after there's a reason I say these things folks it's because I am doing these things myself and I'm seeing great results within them I'm certainly seeing students like Jeth and Ryan and Charles and you know Barbara and a lot of our students of note you know just yesterday I think one of our students Roseanne mentioned to me she killed it on the VTG entry so a lot of us are doing this day today but I'm talking to you but I'm also talking to the to the traders in our room that are kind of not as chatty that are kind of lurking in the shadows listening of course and you know they're the ones perhaps that not that might not be finding confidence in posting their trades or even trying to participate because they might find it overwhelming there's a reason why I'm repetitive folks there's a reason why I say the same catch phrases each and every week here there's more to it than these catch phrases but that's where we start that's what works out much more often than not so hey if I take a great entry and set a tight stop and take a five or six cent loss and like I get stopped out within 30 seconds or 45 seconds of me entering is it a bad trade should I beat myself up over it no not at all onward to the next whether it be that same trade just down the line a few minutes or so or hey what else are we calling out is there a different trade that's moving out there that we can get our hands on and you know what hey for the students that are posting big trades and profits all the more to them because I want you to be studying their entry points and seeing you know perhaps why they got in they can't exactly post the explanation themselves they're trading but you could at least try and line up the entry price now if you see that they're holding on for a fat loss before they flip a profit I disagree with the risk management part but you know at least that way you can get a better idea for where you should be entering a position in terms of price Sydney says here in the chat where you learn the hard way by the way folks going to go an extra few minutes after 12 o'clock with my computer crashing here so my apologies just before Sydney saying he learned the hard way getting in with a tight stop on a runner is usually a bad entry so levels matter I want to repeat that there he says getting in with a tight stop on a runner is usually a bad entry so levels do matter no stop is even worse okay so yeah I mean like if there is a stock already running Sydney how much is it up percentage wise to start granted we just saw VTGM in pre-market yesterday but not every stock is going to be up like 3000 percent right it's just hey if the stock is up 30 percent in the morning you've seen stocks make bigger moves than 30 31 percent on a given day so for as much as Tilray is up percentage wise is it possible to still jump in on this on this runner Tilray is not really a runner I'd say it's probably more like a power walker more of like a you know a little jogger here a little power walker but you get my drift is it still possible to jump in on this trade as it's at the highs well it's still holding here and it's not up as much as we've seen some of these crazy runners in the past percentage wise so I feel more comfortable about it right now if I don't feel comfortable about jumping in on this trade as it's at the highs and if it breaks higher without me should I be vilified should I be vilified should I be shit on basically for not jumping in no oh everyone has you know a different personality so if you're not as comfortable jumping in then you know what you're not going to lose a single dime that's already in your account by not jumping in you know what I mean it's not like you're losing money that's already in your account if it runs without you yes you missed the opportunity but hey like we all know here inside our live trading room the markets not permanently closing today right or tomorrow or the next day there's always going to be another day and like we always said there's always going to be another trade if it's not till right here let's jump right to Benzinga as we wrap up traders talk here in a moment that's right my computer reset we've got to go to Benzinga I forgot about that part of it all all right bear with me here for a split second we'll get our scanner out here and we'll wrap up yeah that gorilla trades trying a little bit right now CRDF BCRX Lucid so we'll go through a couple different trades granted hey if you're not as keen to jump into this then there could still be others you know again gorilla we had on the morning watch list it didn't completely tank yet so if it hasn't tanked yet is there a chance for this to really try and explode well the more times it nips and naws at two bucks here and and the VWAP you got the VWAP at 204 so really I'd say more that but you know really that's going to be a strong level to watch out for the LCID trade I know Rich called out earlier looks like that just pop back up briefly so there's a little life left on that I'm just pointing to the fact that there's always something else out there for you to get your hands on don't just jump into something don't just be impulsive but if there is a stock that is moving up and it has easy to see levels you're looking on book mat most importantly you're on level four let me ask really quickly not to go off on one more tangent but who here is level four if you have level four book map whether it be the main version or the thinkorswim version doesn't matter doesn't matter just let me know if you have level four everyone should have it Charles Xavier Sydney Barbara John Jiff Kathleen Carla let me ask us here really quickly um since you got book map do you feel that it's improved your trading have you felt like you've been able to lock in more or better profits using it okay so I would say simply put if you're a regular member you're joining us look what literally every human is writing to me in the chat right now yes significantly yes yes yes I'm not just saying it to be a salesperson folks but for the people that I have seen inside this live trading room that don't have book map yet what are you waiting for just saying I've not seen anyone from YouTube using it no they they have like 40,000 subscribers on their YouTube account but that's more just for generic book map content Jiff everyone here knows that like in terms of book map education that's just what I'm here for I'm definitely your main point of contact for book map Jiff that's what the coaching sessions you know all of us have for four so that's where I could really help you out further but I'm just pointing to the fact that if you have book map how has how has been so far and it looks like for all of us here it's been pretty good where it's significantly improved profits if you haven't gotten it yet I would strongly suggest it but with saying that at least here okay hey if you're on book map is there an easy to see level if the if you're looking at a stock and it's moving up a little bit is there an easy to see level on book map if the answer is yes then right away then that's something I'd rather be following that's something I'd want to try and keep an eye on right here I wouldn't necessarily say there's too clear of a level you know really two bucks as a whole number I would assume for that to be a level and then outside of that you have the VWAP line and white right there that's what we identified just before outside of that though looking at this one example here this looks freaking tough to read this looks very difficult to distinguish one clear level over another so perhaps this might not be like the the best stock to look at with that exactly in line but you know I think that you catch my drift with saying if there is a price that is really showing well on the heat map dark red line it sticks out with a big order then I'd rather follow that all right and then you know it's really quickly folks going back to Tilray here again it's just kind of diving off so I didn't load Tilray back up on the heat map before we finish at least it's going to load up here just give it a second for the heat map part to populate but you know generally speaking you would assume resistance to be at three bucks whole number right 211,000 share iceberg on the ask sitting there give me a second here I forgot to get this there we go I'd say that three is your major top on this trade I think it's pretty clear to see that there is not really much of a resistance over three and then otherwise here I think this is for now a pretty clear support this wasn't really too clear beforehand not much of a support until 266 until a 433,000 share at water just popped up on the bid at 282 so this is definitely easier on the eyes in terms of where the support and resistance is hey with it up 31% still in the day it's actually still very tradable to try and anticipate another run before the afternoon finishes all right folks but hey we're going to finish up right now if you have any questions certainly feel free to private chat me inside our live trading room I do have to get back to one of our students in regards to a question they had sent over just in a moment just wrote them back right now but hey feel free to private chat me if you have any questions if you have any trades you'd want to go over just make sure that you send over your journal you could do that through email Josh at C2 train.com is my email address for all of a sudden social media I hope that you folks enjoyed this workshop we're going to do this pretty much every week now going forward if you're interested in continuing the audio commentary throughout the remainder of today and throughout this week just scan that QR code right there with your camera with your phone just to get access you'll get access to all of our morning and afternoon meetings Fausto in the morning myself in the afternoon any questions that you got beforehand though I always like to post my email here to you at the end here on top Josh at C2Trading.com though but hey we'll be back here though just for the afternoon meeting just at 2 30 this afternoon talk to you soon take care