 All right, good morning folks welcome on back here for another fantastic edition of our trader's talk workshop here this Tuesday morning July 25th have to get tracking my calendar there But great to see all of our students and members alike here inside our live trading room first, you know Lawrence We have Grant we have Adam Larry we had Ravina before Barbara before Rod Bell Michael Warren John Elizabeth all of our members and students inside our live trading room Great to see all of you there and great to have all of us back Perhaps some social media if you're joining us on our YouTube stream Facebook lot Instagram LinkedIn, etc at Cybertrading you look to subscribe and follow us on all our social streams But great to have us here across the board right now. We have a nice runner APLD is still pushing on up right now The stock ended up reporting good earnings yesterday So hey folks for all of us inside the trading room You should know that we are in the middle of earning season We started it back from even like a week ago or two from the end of two weeks ago with the banking stocks And then obviously now heading into this week with the Fed meeting But on top of that we have a lot of these larger cap companies reporting or otherwise or otherwise stocks that just were familiar with So APLD, let me ask us for any of our long-time students here or you know at least traders that were with us Perhaps you don't need to be a long time, but even I go back to mid-May a little after Cinco What happened on APLD? Well, of course it popped. Does anyone remember what sector APLD is in? Does anyone recall, you know what stock this ended up trading with back, you know a month or so ago? Because of course we were familiar with it back then anyone remember and recall what type of stock this is Jits says a tech stock definitely on the right page there. Definitely on the right page there What's what sector has been very hot of late of course the tech and that is it but AI, right? This is an AI company and with that once this once the company C3 AI Ended up making a big pop more so going back into the May time here once it rebroke and pushed up some other AI companies moved with it So if you recall we had others like BB AI we had My trade station is very slow today. Mind you. I'm realizing that as we head into traders talk We have the SOUN trade. I don't know if I want to keep jumping around right now with how slow trade Station seems to be pulling up data right now GFA I I think that you catch my drift But APL view is one of them and for that reason a lot of us here are very familiar with it Sam asking didn't it trade with AI certainly did, you know, it's not 100% correlation You can't hold your breath guaranteeing. It's gonna make the same exact move and then on top of that Well, this company reported company specific news earnings So it's not as if other AI companies are really gonna go with this This is just more a company specific play dating back to yesterday. So of course, it's running right now But let's actually unzip this trade really from yesterday morning And then kind of carry over to seeing what levels work best for today for this morning is a market open Of course, it's easy to say it popped yesterday morning It topped off around here and pulled back and then it moved up higher But folks if trading was that easy for you to Actually look to take those trades as quickly as you could think about it None of us would be here John myself Ryan Sam Joyce Jeth Barbara. None of us have the need to be here Trading was that easy That's where we have to ask. Okay. Well, of course it popped and dropped and then today it moved up But where were the best levels? What were the best levels that you could have focused on heading into the market open today and then from there You know focusing in really more on our strategy the mechanics of getting into a position Breaking through a big level on the way up We have a bunch of emails that came in as well folks just from students like Jeth Peter and I think also one from Catherine But um, if you have any other questions folks for all this here live send over a quick email Josh at c2 trading calm. That's my handle Just any questions or comments that you have feel more than free to shoot me over a quick chat there post that inside the youtube stream here at the same time And actually here I got Danny from mr. Top step join with us right now on facebook today. There we go Danny Welcome aboard But here is my email address if you were Danny or any one of us just joining us right now Just josh at c2 trading calm is the handle though. So any questions that you got feel free to send over my way But with this though, you know, hey, let me ask us for john and Kathleen and ravina and barb barbara and all this here Where are we more likely to find the iceberg orders? We talked about this just less than 24 hours going class We really did no joke like in our you know introduction to level three class yesterday In the phase one stock course we talked about it There we go ryan pablo great to see pablo here and john and barbara all saying and ravina 50 cent levels and whole numbers Especially the more expensive it gets you go whole numbers. This is still kind of cheap So I would still kind of include in factor in the 50 cent incrementals as well So, you know, we'll give a little respect to 950 there even though chopped around it, you know going into the morning yesterday 10 bucks as not just a whole number about one of the biggest whole numbers to focus on a decade type of you know level That's a key psychological to work off All right, give me a sec. I'm just fixating my book map here for us right now Of course this apld trade is currently on the move. It's on the run But if we actually rewind back to yesterday morning, we were calling it out in pre-market It was moving in pre-market meaning that you had the time to look at level four And see not just where the assumed levels were but where the actual levels were on this So this is actually over 24 hours ago from last morning in pre-market Well, first off, we'll focus on like the horizontal lines that go across the page here The largest numbers that correspond with these horizontal lines those are the ones that you want to focus on So for reference notice right here, there is about 10,000 11,000 shares on the ask This is you know sell order for about 11,000 at 980. So I'm gonna write down 980 as a key level I think that you could already know where I'm going with that price But outside of that, let's see Well, right before the market opened. I think this order actually got pulled from the book Notice it went from like orange to like kind of like a bluish dark issue Order actually got pulled but it was out there for so long, you know, let's give respect to that That's actually more than what was here at 980. It's about 11,000 plus shares on the offer at 920. Okay So I'll tell you there's other orange lines that go across here But we're more inclined to follow the ones that are the darkest shade of orange red But more so of course equating to that the largest orders So the 920 the 980 if you want to go low here 730 if it drops off in tanks Well, 730 technically is a big support I think it's easy to say though between you and I that apld did not hit 730 yesterday morning once the market opens So i'm not going to plot that level. It's more just to plot 920 As a potential level to work off of whether it be resistance or support I'm going to I'm going to actually remove the line from 950 just for now because I think you know where I'm getting to at this guy here Or or this gal at there But uh, you know, you could just see from pre-market that was a key iceberg level heading into the open It was out there on level four So if you took the time to plot certain levels here like nine 920 of course then the 980 Well, if we look back to yesterday morning, I think that you could see that this ended up topping right off At 980 once it pulled back and then it moved back up again tried to break out again But given how long it was since the first actual test of that iceberg level You've got to give it a respect even here. I know it's breaking above these little chart tops here But this is actually a great example to shoot from the hip because so many of us focus on chart levels Tops and general strong levels from the chart Of course the stronger the the actual top or bottom is over a period of time. I give it a ton of respect Like 976 or so You know here it was basically holding underneath 975 976 generally For about 18 minutes. That's a damn long amount of time Well, is 976 the big level? Or is it 980? 880 to me is the bigger level of the two because that's where the iceberg of order was from pre-market It ended up hitting that price earlier after the open like a false breakout It broke above it then it pulled back and then of course it continued again So, you know, perhaps the more it nipped it and not at it even from here Well from that stage, perhaps you can try and look for continuation Let me ask us really quickly grant joys kathleen, etc all of us here live What time do we typically expect reversals? Good segue for a water break there. What time do we typically expect reversals here within the morning? Yeah around 10 15 10 30 eastern and for anyone on west coast time Pacific time 7 15 7 30 joys, right perfect So hey, I mean for as much as this had pumped up already from the market open It's easy to say but if it's not going to break higher here The the probability of it reversing is much higher It's not a guarantee, but the probability is high and that's exactly what we focus on high probability What happens more often than not So hey the more nips and gnaws at that 980 level across the morning You know, there's a better chance, but just like we always teach here in trader's talk We teach it in class. This is like one of my catchphrases here If I ever run for president, there should be my like campaign slogan When a stock breaks through a big level sam laurence charles, etc all of us here live What are we expecting shortly after? It's a very simple answer has nothing to do with trends. What you hope for it to do has to do with trends But you're expecting generally a big move So of course it popped 980 again here. I would have been extremely hesitant to expect continuation So it's easy to say it broke over 980 Well, what happened shortly after folks? Not just that it went down not just that but It made a big move It made a damn big move off of that big level, didn't it? So that's where you always have to cross or tease dot your eyes in the sense of false breakouts If it's gonna break above a big level and you jump in and especially if you're close right tight above that level What you're doing for the most part, you know, what you need to do to take a trade But the last part is what happens after you get in and that's setting the stop You always have to make sure you set your stop very tight under that big important level that it just busted above Because you're expecting that big reaction shortly after it's simply put So, you know, we'll go over a couple of examples of that in just a moment But hey once more folks another, you know catchphrase not really a josh line But more more just general charting principles and the stock breaks above resistance and it freaking runs off of it It flies off of it. I'd like to think that initially resistance should become what folks? And to answer jits question here should the stop be set at a price like 975 for example Well on that exact test, I would not have taken it because just a reference the last time it actually kissed 980 was here From here to here is like an hour and a half. That's way too long You got to wait for it to you know, retest more and more this exact price To answer your question in terms of the actual price you would want to set a stop like at Generally like give or take a few pennies there Every stock has its own unique levels that you want to work off of But roughly speaking like five or ten cents just in between there depending on the order book and what it actually looks like When a stock breaks above resistance and runs off of it resistance should become support, right? Well, hey look what happens here. Of course, this flew after the market opened up Well, it didn't pull back to 920 perfectly, but It pulled back to the next support and that was the whole number Whole number at nine dollars and it broke under it because look what happened it nipped under it by two pennies And back over under over entry big move I mean, you know, that's easy to recite after the fact, right? It's easy to kind of look at this after the fact and say well, of course that happens Hey, I mean for jith and grand choice and sam and kathleen and ryan and all of us here We got like 120 of us here live inside our live trading room currently You folks are here more so than not every day every week, right? Even if you miss it live once I'm sure you catch the recording and you don't need to watch them all to Memorize all this and to retain it all, you know, this is all really kind of just the same information every week Just on different trades So the more that we see it then the quicker we should be over time To apply it and to be quicker to react to it. Oh, yeah, that's right. Okay. It's pulling back here It's pulling back. Okay. We still got time until 10 30 here. So maybe there's a chance to see support build You know, hey the stock was coming off of good news So for any of my, you know traders out there that look to read up on the company more and what the company does And the news and this and that there's a catalyst So, you know, whatever the catalyst is that to me is enough for me to say, okay Well, I'm sure other traders out there that care more about it are gonna check and more eyes are gonna catch on to this trade So it gives it a chance. It gives it a possibility Now, let's just hypothetically say if this failed to bounce nicely here if it failed to flip me At minimum into support You know, if it failed to hold this at least as support and then came down Then you're looking at a break even trade. You're looking at like a small loss or a break even trade at that You're not getting that big move. It seems like Easy to say, of course it ended up providing for that good reaction that big move shortly after from nine Um, and then here it's actually a very good example where perhaps 9 20 could have been support actually as it pulled back But you would need to see it go under over here and then really like rip go way higher back up If you wanted any sort of bullish momentum Because again in terms of at least little chart levels, you know for right now, you know Let's show a tiny amount of respect. I guess what built here at 9 27 You know this built out is like a somewhat strong level here on the chart Let's sliced it here. That's a bad sign. So if it's really not going to sling from 9 20 right on this candle That's bad news. So it's you know worth an attempt But just like we said before if it's not going to make that big move shortly after Guess what? It's going to make a big move shortly after So you don't want to be on the wrong side of that trade, right? Um now with that in mind, of course it ended up pushing back up once more today So let's just say if you had this on your side list for this morning It wasn't as active in pre-market. So I wrote it down on my side list, but I had No lines set on this chart for this morning. All of these lines are lines that I'm plotting with you live right now for the first time So let's let's jump back to book map here We'll jump back to level four at least and we'll take a look overall at what happened on this trade Like from yesterday and we'll see you know where the best levels really are to plot for this morning's trading So 10 of course big level 80 000 share iceberg order out there on the ask Your your opening bell print is at 8 13. That's for the entire week. That's the weekly open price So I do want to at least you know recognize that and plot that Obviously it didn't pull back there as much you know for this morning. We'll take a look in just a bit That nine 80 ish is more the iceberg level that we had What I will say though is that for as much as 975 built out here It definitely shows like a lot of volume filled at the ask at 975 980 So if it could break that price then you definitely have a nice runner there or a potential runner Especially if it could break 10 but other than just saying that Your closing print from yesterday. This is something you'll keep an eye on about 127 000 shares actually got filled At the closing price yesterday and eat 78 So just write that down. Here's something interesting just a little food for thought This is just interesting to see like what was the intent? I don't have the answer to certainly they ran it up higher today But you had all of these big icebergs here Fausto and I were talking about this in the audio broadcast yesterday inside our room You know every 10 cents you're looking at like a big iceberg of first like 55 56k And then they got even bigger double that like a hundred thousand hundred seven hundred one thousand That does not show too often. So, you know, what I was Hypothesizing because that's all it was If it were to pull back and drop then It would be interesting to see it crash into a good portion of this web and then maybe sling back up over time I don't think that happened in full really right this just kind of bounced up heading into the close and then Much higher it went today So, you know, this just I wanted to show you because you probably caught it on the bottom of my screen as I was finishing Up that review and it's just like kind of odd. You don't really tend to see this price action too often So obviously looking at what happened afterwards here. Perhaps that's something we could take note of for future reference And I'll go into this in just a moment to you see that So for this morning There is nothing that stands out here There is Next to nothing that stands out here Uh iceberg at eight, but it doesn't pull back that low. You have one up top here at 11 from like 97 or 9300 shares So there's you know an order at 11. You could say there's a smaller little guy up top there at 1063 Obviously 10 we know is a key level anyway There's nothing here though. There's nothing there that really interests me now. Let's get to this because Well, quite similar to those larger icebergs that we had all of yesterday On the bid side Check this. This is funky. We got these like 5100 share orders out there every five cents And these are on the ask these are on the sell side right here So, you know, I didn't catch this just right as the market opened up, but Obviously you could see over time it ended up breaking through this entire wall of resistance And essentially this area here over time became support Before it ran higher, but let's actually pull this back right now. We'll kind of jump back to it one more time 904 is the opening bell print And each 78 was the closing bell from yesterday. I just want to note that Okay, so let's just at least plot a couple more lines here. We're trying to even simplify it a bit for us right now So 904 was the opening bell print from from this morning Make that yellow 878 was the closing print from yesterday. I also make that yellow. We'll start with that. I don't want to plot all of these right now Let's just start those two lines So simply once this ended up breaking back over the opening print this morning Opening price was 904. So it pulled back at first made a giant drop down Just kind of a sharp drop and then it slung back up So effectively within the first three to four minutes once it re broke Over the level it flew and when I say re broke what I want to bring up is that You know that pop ended up happening in the first three or four minutes. I think of the open Let's plot a line here 904 So you have right here big ice big print here that came out right at the market open And on the first test of it as resistance It popped and dropped it very might very slightly But still though, you know, you want to follow it on the next break there as it breaks back above All right. Well, should you look to jump in you're doing everything that you need to on the entry Especially with it over nine already at this point. So we know nine's a big level from yesterday and with 904 here It's about a hundred thousand share block print that got filled Just for size here folks just for reference We actually have a really big iceberg at 10 bucks up top here When the market opened up and this grew to be about 71 plus thousand shares on the offer That's huge Did I just ask us a really quick question? What's larger 71,000 or 100,000 Let me know Just a quick question, right because at the end of the day, obviously, we know the 100,000 is bigger We know that but if that's the case and if we're giving that much respect to the iceberg at 10 Then Are you giving respect to the opening print here at 904 when the market opens up? Because if not, then you know, hey, look what happened shortly after once it re broke over the big level It provides that opportunity. That's all we're asking for on the entry That's all we're asking for on the entry part of it From that stage, of course, it ended up continuing to pop up a little bit higher You know, hey, we ended up having a big iceberg from yesterday Yesterday's trading remember that iceberg at 9 20. Well, this became a much better level to enter off of across the morning There were a few points where it stabbed under it and dropped a little bit But it provided that entry if you're looking for support if you weren't able to jump in yet on this trade Well, hey 9 20 that big level that we had from yesterday It finally became a great support It ended up going under and over and generates a great entry for you to take that trade Looking for that higher high over time. Looks like it took a little bit to get that higher high But thankfully it held strong and then from there again, just like we talk about Especially after the first five or 10 minutes of the morning Not not 100% You know the case here folks if it was always the case then none of us would be here but Much more often than not high probability Well, if we're expecting reversal time to be 10 15 in the morning or 10 30. Hell you can 10 o'clock Well by the time it ends up shaking off of support here. What time is it 9 45 9 50 So in theory you have about 10 15 minutes if not more if not more than that to look for that big move shortly after So it's all about having faith in your levels at the end of the day You know for any of my traders here that ask me questions on stocks or review trades with me just one on one in the coaching You you might let you know go over the trade with me and say all right so you know I took it from this level right here and I almost want to stop you writing your tracks obviously I want to be respectful But I want to stop you in the tracks and say Well, is that a level? What led that price to be a level? And a lot of times I ask solely out of curiosity. You might have a super legit reason to give me and You're on the ball bingo. It's just solely out of curiosity. I ask at first But there are times where I'm reviewing a trade and I clearly myself see There ain't no level there. You're not really trading off a big level So the more that you really grasp what a big level is and and really how effective one price could be over another Then and then at that point you're going to have a much better ability to react Because the more often you're here kind of seeing the same motions play out Well, I feel that you're understanding of the mechanics of entering You know shortly after it breaks through a big level on the way up And I think that you're pretty fond of all right. It should make a big move shortly after I think the real key is knowing where to get in from the big important levels that you should have taken the time to plot You know if you're looking to trade a specific stock There are stocks always that look to pop up on our radar that you know catch us off guard and I have to Plan out my levels quickly Well, hey a lot of us get here at their desk at eight o'clock in the morning If not earlier I see grant and john chat in the way as early as seven o'clock So I know that you're at your desk. I know that you're at book map looking at these levels And that's the time where you should take to plot all of this out You know, you shouldn't be doing this Right when the market opens especially if you've been watching trades for the last hour and a half prior to the open You know, it's like not studying before the test is given out You know if we know the answers to the test before the test is given It's going to be easy to get a passing grade at least right? Now that's you know a little different compared to You know risking our hard earned money and trying to follow a fast moving stock and having a motion You know factor into our mindset But hey, that's my logic if there is a stock that i'm not prepared to trade even if it's a level one stock I'm not going to be as inclined to just like jump headfirst into the into the pool Actually, oh jeez. I just reminded myself. I was on the coaching call A coaching session yesterday with one of our students It rolled off the tongue. Well, I don't know where I thought of it. I'm a weird person to think of it, but Think of it this way folks You don't want to jump headfirst into the pool into the deep end of the pool let alone the pool in general because A lot of times if you don't know how to swim you're going to look to jump pretty quickly But you might hit your head on the concrete before you land in the pool So you want to make sure that you're very understanding of why a stock is making the exact move that it's making And it always ties back to the larger order levels that the stock is following it from day to day So over time that 9 20 became a hell of a price to watch and it allowed it to make make the move up higher Well, here we go Let's even just focus on the same levels that we just took the time to plot You know, we have that 9 80 from yesterday and 9 75 or so So the more times that it nips and naws at that I'd be led to believe it's bound to make that pop and that big move Shortly after so at first of course it ended up testing it and it took some time You know, it wasn't a breakout right away. If anyone had jumped in on this sequence You're taking a small loss or a break even traded that really it's not making that big move here at this time Well, what happened it ended up shaking right back down rather fast So if you're in at 9 81 here On this, let's just say green bar red bar doesn't make a difference just you know Hey, at least you waited a few candles first and you jump in All right, did everything you could have done at least with trying to look for continuation up to 10 But if it's not giving it to you then there's no sense in holding on here as it shakes down to 9 50 if not much lower But of course the more it ends up nipping and gnawing at this price It looks like just shortly prior to 10 30 it led to a pop It held his support And thankfully it continued. So what we hope to see is the move upward, of course, that's what makes us money But you know, hey, if it doesn't make that big move It needs to hold over our big level at minimum if it can't even do that Just get out of the trade not worth it All right, so let's actually go through a couple of things in the chat board here I got a couple questions on social media on top as well. Then we'll jump to emails too. So for more of our trial members here Coldit, I believe asking how do you get access to book maps? So I know if I was to have mentioned this earlier here What you could actually do is just email Fausto first Fausto p at ctu corp.com And then from there though, let me just ask you cold it and all of our new members here Does any of our new trial members here only our new trial members? I'm just asking here Anyone use thinkorswim and give our new trial members here specifically use the platform thinkorswim Just look to post in the main chat tab there if you can there cold it but If not, then I would suggest thinking about opening up the thinkorswim account solely to get the book map data It's 40 bucks a month from thinkorswim, which is as inexpensive as you're as you're gonna get just Trust me on that everything I own I I would tell you that thinkorswim you'll be able to get the data there for about 40 bucks a month Uh, it's definitely the best that cost effective wise Ah, they jacked up the price there Robert. He says 49. He's in thinkorswim. Ah, maybe they jacked up the price over the last month or so there A couple months. It was always 40 40 39 a month. I guess they raised it because it probably they probably realized Robert They were getting away, uh, they're again robbed there because it's really a great value regardless 40 or 49 So they probably thought a little bit more about Raised up the price there not surprising but still at 50 bucks a month. That is very inexpensive I think you're gonna be paying like five times the price or four times the price just uh, you know on the main version of thinkorswim All right, so folks Let's just go through a couple of different questions otherwise from email and then uh, we'll to continue this apld over time Because obviously it's still holding here All right, i'm actually going to jump over to a trade here. Just jump over to a stock mara mara Check in see how it's doing. It's you know made a nice trend backup pretty nicely across traders talk time here Um, I'm not terribly surprised. We'll cover at least the real ex's nose of this move in just a moment But I actually have a uh journal from a student that I wanted to just go over It relates to mara, but um, I don't have the ability to go back on the exact trades that they took These trades they sent over from july 3rd july 11th July 19th here we are on the 25th It's really hard because I don't have access to the level for data So, you know, this student sent me their journal on just a bunch of different trades And I will say actually might I say this trader has made some good money thus far So actually allowing me to mention their name shout out to jason f who so far has done pretty nicely thus far It's his first trading journal. It's on simi said, you know paper trading, but honestly I don't care about that because if you are If you're if you're extending your winners a lot better than your losers Like meaning if you're cutting your losers short and you're allowing some of your winners to run pretty nicely You're gonna do pretty pretty well. And that's exactly what jason did here Well, you know, hey, it is to say at least that on the narrow trade that jason wants me to go over I can't exactly go over the ins and outs that he specifically took But a couple tips that I can give him that I know will get him out of trouble And other traders here too, of course Actually, uh, this is really good because you heard I had asked about this Last week, I think just on the side to me and you're talking about this So typically going into the market open you do not want to hold any pre-market trades Like at 9 10 9 15 in the morning I'm pretty much done with pre-market trading if I am trading it to begin with pre-market opens as early as 4 a.m For pretty much most broker platforms it opens up at 8 o'clock eastern time the latest So even if you start at 8 o'clock you have About an hour hour and 10 minutes worth of good prime time trading A lot of stocks that make a big move in pre-market tend to fizzle out before the open Well, hey if stock is up 75% and you're underwater on the position You know, you're holding it from months on end You'll wake up one morning wipe the crust off your eyes and you see it's up 75% What are you gonna do? You're gonna sell So if you're gonna sell I'd like to think others gonna sell if others are gonna sell the stock's gonna drop There's no point in holding on to a stock as it's more likely as there's a higher probability For it to drop So not only do you want this stock? Sorry, not only do you want to give the stock a chance to breathe and relax You want to give yourself a chance to breathe and relax say Okay, I'm out of this trade Are there other stocks that I need to prep for? Right. Are there other stocks that are moving that I should be providing my attention towards? Where are the key levels on those trades? That's what you should be doing like much earlier in the morning compared to 9 10 9 15 But no later than that like you got to be on your game there just making sure that you're prepped for the next four five six hours Uh, robert asking here in the chat. So what about the other levels used here? So are you referring to the apld trade robert just from before? I'll jump back to that in just a little bit Just I want to just um, just go over one or two things from my student jason that just sends his journal in But we're going to jump back to apld the other levels there Um now with just a couple things though It's funny because the journal that jason had sent one of the few losses because he took a lot more wins than losses So one of the only few losses that he took here is a small tiny loss But his entry time is at 9 21 in the morning So he's saying that you know, he entered the trade eight minutes before the open nine minutes Just at that point. I'm hanging back. I'm just kind of Sitting on my hands and waiting for the opening bell and the first five minutes of that too You know, again the cyber clock. You don't want to really just jump head first into the pool Uh, wait a little bit, right? All right, so there is another comment that I had I wanted to shout to jason here really quickly just on his trade um My apologies for the lack of audio right now. I'm just taking a quick look right now because I thought there was some Oh, here we go Uh, so in relation, this is just more of an abstract comment just across the board Not every stock is going to move with the stock market perfectly You know, if you watch the s and p or just watch the spy for that matter Hey, nice pop right now. Let's take a look. Are we getting a couple good breakouts here? I mean stock from this morning neo more of a chinese stock But hey, you'd think that this would at least make some sort of respectable move up Not necessarily the case Mara is going with it a little bit right now at this pop, but it's not uniform. It's not perfect Let's take a look like a Shopify Shopify is doing nothing right now So one thing to just keep an eye on is that just because the markets are like really making a strong pop It's not always a full-fledged guarantee You're going to get a strong move in the stock you're trading and hell the small cap stocks have little to no Correspondence with the spy So, you know for the small cap little stocks that we trade they're just moving off their own accord off their own news So, you know those just kind of Are separate, but even otherwise just what we just went over Shopify is down here right now Take a look at like a stock like gm you know car stock Doing nothing right now an airline like a al trending up But it's not making the type of you know pop right now It seems like the spy is making here and you're a nice strong new high So it's definitely something you want to focus on just in terms of general market movement But Never a guarantee you're going to get consistency between your stock and and the markets here All right, so a couple chats here just coming across the board right now from debbie saying high class You folks have any idea of the flashing colors For trades under the marrow chart as we just had before have any significance What debbie is referring to is time and sales. So let me just show that quickly Time and sales are the two programs here Under the daily chart Now these are exactly the two programs. We're going to cover actually tomorrow not to segue this into you know Going over class again, but tomorrow as we continue our discussion not just with class but specifically with volume We're going to move on from level three and we're going to focus on the tape time and sales So generally speaking green we want to focus on for buying pressure as a stock is running and running upward Well, the more green that you have it's showing that orders from the ask are getting hit and broken through As a stock is dropping you're more prone to seeing red on the tape More orders on the big getting broken through like potential support So it takes a little bit longer time debbie to provide a thorough explanation about every color and really really the dynamic Of buyers and sellers out there. Um, that's where tomorrow. It's like a full 60 plus minute class specifically on that time and sales So I would suggest and not just for debbie for any of our trial members right now I would just suggest for you to get in touch with your education advisor They'll be able to break down the curriculum and everything that's included with our course All right, so let me just double check here lastly on the chat right now We'll jump to youtube see if there's any questions coming in from there And then otherwise hey, we'll just jump right to uh email here at the at the stage otherwise Perhaps we'll go to apld and revisit that So easy to say of course this was prior to traders talk beginning But to continue this at least from right now after it rebroke that 980 level which was yesterday's big strong resistance Well, that was a clean move up to 10 and thankfully more than that It it rebroke 10 over time and this trend continued So the first test of 10 it failed And over time I was holding it. This was a false break But thankfully it provided another test to where once it re broke it again It made that larger move up easy to say that after the fact But every trade begins with the entry and the attempt of it So, you know the more times it nips and gnaws at that big level You should be getting at least a more decisive conclusive move Hell if it just tanked from 10 there and that was it. Well, that's a more decisive conclusive move Let's go right to book map here just to see where the big levels are 11 here that you had that was an iceberg from pre-market this morning and now about 21-22,000 shares on the offer there Looks like something popped up here an order At 1025 looks like that became a bit of a level here 1025 to like 1027 It was nipping at that before that just broke higher All right, so let's plot a couple more lines here in the meantime just at 11 Then we'll go 10 27 just loosely right there So if this decides to pull back then the next support that it would have to test the first one here would be off of 1027 And then if it slices under that rather fast, then you're more prone to dropping closer to 10 if not at 10 That's kind of thoughts on this trade right now Anything historically on this because of course this had a big run back from mid-may that we talked about to begin So it looks like you know pretty strong top historically It's not one exact price level You know it probably just more of a rough estimate here 1025 was the high back from late may 1046 Then here 1021. So there is a little continuity here between this 1021 high from july 5th And 1025 high back from may 25th So we'll just say very loosely speaking 1020 to 1025 and hell even here your Open price on this candle this open price note the price there 1028 So all within the same general vicinity, right? So you're really starting to see a little level build out here roughly around 1020 ish 1027 ish I'll mark that as a potential historical level and we'll see if this area here could hold a support overtime over the next hour or so All right, so let's go through just another email here. So from jiff. This one came in from earlier. Perhaps I covered this Uh, I didn't say jiff. I didn't see your email just up until right now So with that, I mean, I think I knocked one of these out so far. He was asking about apld yesterday morning We'll just take a look at that again from yesterday morning again Uh started to make a nice push from 818 to 970. Let's go back to that Right there With no pullbacks in between Since there is no pullback, how do we make an entry in this case? So that one we did nail We actually just went over that already at this point. That was a good segue at least But that nine level became big support 904 this yellow is actually the Opening bell print from this given morning. So it's more just the nine level that became support resistance became support Simple as that, you know, we just we just gotta at least I don't want to say just always be patient and that's it because it's not just that it's not just that if we're for Too patient we're gonna miss out every trade that we look at But if a stock is not providing the type of entry that we're comfortable with and we're point blank missing a move Well, we have to at least say, okay, how could we jump in on this? Is there an opportunity how? Well when a stock breaks above resistance and runs off of it resistance should initially Look to become support. So it didn't happen at 920 at first. It sliced right under 920 It didn't go under an over 920 until after 10 o'clock So that nine dollar level was the much better of the two it broke under and it broke back over This is a good reminder from jith here. I wanted to actually go over this and I did not have this in the back of my head until jith just typed it to me via email So jith wanted me to go over d-wack though from last friday that definitely we can go over I don't have the book map data though for that. Unfortunately. So we'll try and make do without it I'll try and also recite to you what I remember on this just from the back of my head All right, so dwac. Let me ask you for all of us here live anyone inside our live trading room trade d-wack back from october of 2021 does anyone recall dwac back from october of 2021 This was the trump's back company the special purpose acquisition that President trump ended up getting involved with launching digital world. It's called I mean you could just take a look one look at that weekly candle That was actually over the course of two days time. That thing went from like 18 bucks up to 180. It was like really like a 10x More than a 10x went from basically 10 bucks at the weekly open or right there up to a high of 175 And that's a legit move back then too folks, you know students like alex and ray and yahuda and kevin There we go kevin in her chat board right now one of her gold students kevin k saying it's the biggest win he ever had Kevin let me just ask you out of curiosity man. Did you trade dwac back from last friday with us? Were you here with us on friday if not you missed it, but it's okay. He says yes, okay, there we go Just generally speaking kev. How'd you do on that trade from last friday because Well, we were actually at our onsite class back when this ran in october of 2021 It was our in-person conference. So, you know, we were going over the whole move At the time just i'm on Fausto's platform as we're at this onsite class So we're trading it, but you know, I wasn't trading my own accounts at the time at least at that class So it flew up personally without my own money in it. So how much you know, it moved up and all of our students kill it on that trade Well, it's been a t-sense. There have been times where the stock has popped in pre-market and it dudded off Um, you know trader too where I lost money. I'm sure the over the last year But with it up as active as it was from thursday after hours into this given morning What we want to start with is sentiment and hope right, you know, this company was coming off of news So there was a catalyst Uh, it's had proven history to make a big run for us So if we could focus our trades around the cyber clock And if we can get in on a position around like 9 35 in the morning 9 40 in the morning 9 45 in the morning We have a lot of time until that famed reversal time, right? These are all things that I think about right as the market's opening up here for this trade So all I'm focused on is buying this stock Shortly after it breaks through a big level on the way up. I have to set my stock But if I do that and it's within prime time hours of trading in the morning It gives me the best chance. That's all I'm looking for Now granted, of course, you see what happened to pop and then dropped, you know, a little after 10 o'clock But of course the more a stock runs and you're not in it already That's where of course you're expecting a pullback or you're more prone to at least just missing it if it decides to continue popping You know, once this broke out off of 17, you know, there was a bit of a concern of myself missing this move Actually from the back of my head as I recall this this ended up popping up at first without me I was just about to jump in here, but it was the first few minutes I didn't want to break my rule. I feel very impulsive and like a gambler when I break my one of my biggest rules So i'm not going to do that and unfortunately. Yeah, it moved up without me Now though it ended up pushing above 18 though and it popped above that Well from 18 bucks Resistance became support just a little over 18 and from that point there could have been a different level just above 18 I recall just this building really well to where I was calling out support to hold right around here It generated the entry for myself And then from that point once this began to really push up above 19 and seemingly it looks like it just broke the highs here Pretty nicely off of like 1930 ish All bets were off once this broke higher from like 1930 ish. So, you know, just just question here is He was waiting for it to pull back, you know, it popped up quickly at first And I'd missed that trade initially Jeff. He made an entry though. He got in at 944 in the morning. Maybe I think he meant to rate the price 1928. I think he meant 1928 Okay, you got filled at 1928 the price at 944 and just, you know, basically Just to cut it short it just you got shaken out just the next bar. It shook him down. It shook him out pretty quick It was a rugged shake out at first there And then of course it ended up pushing up a little bit higher over time Just simply he was asking, is this the right entry? What should have been the correct entry on this? So the entry time he had is 944. So I would say that it seems like this is building out to begin Prior to Jeth's entry. So it seems like he has his eyes on some sort of a strong level I can't go back to book map that far. So unfortunately, I don't have like the exact levels here at the time But when Jeth's entry is at the candle 944 945 basically It seems like there could have been room for this to try and break higher, right? So the issue on this trade is not just I should say if anything the issue on this trade simply I would say is the liquidity It's a nice pattern and if this broke off the highs here and generated the entry Hey all the more to you But I do recall at the time the liquidity was very thin on this trade. So If that's the case then you have to really look to get that big move quick Or not only of course, is it prone to shaking and reversing but it's just more prone to just shaking Not reversing, but just damn you're shaking around and in and out very very quickly Because on a trade like this, let's say if the spread is 10 cents 12 cents fluctuating here and there Maybe it tightens up to five cents, but then it you know, still generally It's like if it's a ill liquid stock Then it is more so to say that hey if you're trying to set a tighter stop The probability of you getting shaken out largely increases with this type of order book So You had your eyes on the right level it seems like but the more times it ended up nipping it Well, you eventually got what you wanted, right? So It's not to just say oh keep your eyes on this and nothing else because what if this doesn't pop What if this doesn't make this big push here? Well, the more you watch this and it doesn't pop you are missing out on opportunity elsewhere So that's where that's where I suggest for anyone you or other traders to always have like a group of like two Or three or four stocks that you're just like clicking around on on your on your platform On like on book map here for reference Whenever I say on the microphone inside our live trading room All right, we're just a lot of clicking around right now a lot of clicking around Yeah, I'm going through my whole damn page I don't want you to go through as many stocks as like I am Like my literal job that Fausto pays me money to do is make call outs for you That's why I'm following more like a lot more stocks here You should be focused on a group of like two Three maybe four the most because at least it gives you a better ability to focus on the finer details of each trade Meaning well, of course this broke out So I don't want you to just only watch this stock and hope that it makes this pop here But don't over overwhelm yourself. You know, don't just follow Every single other stock that we're calling out in the room If there's another two or three that you're already set on and you like from pre-market said All right, this seems pretty active. I'm sure at some point this will be volatile enough Well, if you have your lines plotted out for that trade then stick with that meaning Try not to overwhelm yourself with everything out there that's moving that we're calling out in the room and over text and Know yourself just yank your own leash a little bit. All right. Just focus on a few stocks here Because again, hey, if you focus on two or three It gives you the chance to at least keep your eyes on this while you're while you're following others And thankfully this this does give you another chance to try and retake this trade off of 1928 1930 or so and it led to a pretty good move shortly after Easy to say that after the fact, you know, hey, if you had missed out from that 1930 and it pops up without you there Well, certainly you're missing out on most if not the entire move because you're looking for a pullback You're not getting it really and the closer it gets to reversal time. You are thinking, okay Well, eventually this thing should look to pull back or die off at that not really look to make a better push over time So this actually reversed a little bit earlier than that fame 1015 It peaked a little bit sooner and then it pulled back and made the lower highs Just to wrap up since the stock was so volatile I was not keeping stock loss to avoid hitting and I was just more so manually watching to get out if the stock if the price dropped So it's a catch 22 and you're trading such an illiquid stock really is You know, that's the truth of it There is no ifs ends or buts that I could really say otherwise You know, if you're taking a trade from a clean level, then you should get a more decisive move rather fast So for me, if it breaks right back under that big level that you take the time to jump in from That's a red flag right out the gate so You know more often than not higher probability with that You know, should that happen it's going to pull back and shape lower or just not really be ready for you to take that breakout just yet Right place wrong time. I'm there at the right place quite often I'm there at the wrong time quite often myself though. That's because quite frankly, we're not perfect with the right time We're not always going to be able to anticipate the perfect move right there I might take a false breakout and then the stock might make the better move in 20 minutes or five minutes or whatever the case Oftentimes, am I there to take that second move? Yes Are there times where I'm watching other trades or hell on that in my home office I'm making a leap breakfast and whipping up some eggs. Yeah, I come back and the stock runs without me. Well, that sucks So, you know that that really is it and I say this as a blanket statement to any trader here, especially I'll just say A a newer trader joining us or b or b Someone who hasn't found their footing in terms of consistent profit week over week day over deck If you find yourself in one of those two shoes Then it is for me to tell you that you're going to take trades that you do Right on all the way through with the entry with well setting the stop jiff. We do want to set the stop No manual. We got to make sure that stop is set same result happened So it's just a matter of making sure that that stop is set too But either way on this trade, you know, if that was such a big level and you jumped in right above it And you made sure you got out really quick. Well, you're doing everything in that case That's right So if you're taking let's just say if someone is taking a lot of losses out there or if they're not winning as frequent It's going to be easier for you to blend the losses together and say All right. Well, you know, I just lost money here lost money there and you might beat yourself up a lot over it But if you have a great entry and a tight stop And if it's not making that big move like I don't really let it affect me. I don't let it affect my psyche You know, not every golfer out there on the tour is going to hit the perfect ball You know, they're going to hit a you know decent ball maybe and then maybe on the second shot they'll look to sink it, right? So you can't expect perfection right away Um, you know seem to be set here All right, folks. Hey, I think that we're going to wrap up in just a second or two for right now Let's just go over a couple last stocks before we finish just to leave off or leave us off with The apld is still trucking along. It's just really slow moving now You can see it's really winded down from the morning session So unless if it makes a sudden pop really soon up to 11 I'm prone to think you're going to get a test of support down to that 10 20 ish 10 25 And perhaps lower, you know, we'll see what happens here if it ends up really shaking soon Other than that, I guess mara made a small pop back up right now But just if this could build support pretty nicely here coming up If not from 17 in the v-wap, you know, perhaps it could break the highs here pretty soon roughly off of 17 25 That would be a nice continuation. I feel if this could re break 25 and go All right, folks, but hey for all of a sudden youtube right now Hey, I hope you folks enjoyed if you uh, if you'd want to join our live trading room continue the audio commentary throughout this afternoon Just go right to the qr code right as it pops up there and just scan it with your phone And you'll be able to get access to our live trading room across this next week Um, otherwise go right down to the link on the green banner below the stream as it's scrolling below there Uh, www.ct.co forward slash trial My name is josh levitan senior instructor here with cyber trading So if you have any questions feel free to shoot me over a quick email And then otherwise for any of our students there live right now I'm gonna stick around right there. So you know where to find me just private chat me if you're charles jith bill Yehuda grant kathleen debbie robert all this you're live. I look forward to talking to you all coming up very soon. Take care