 All right, separate traders welcome on back here for another fantastic edition of our weekly workshop hosted simulcast Inside our live trading room and of course on YouTube Facebook live, etc That being traders talk great to see all of our students and members joining us here and sincerely actually I was off yesterday And Friday great to be back within the market But great to see our students like Margaret Kathleen mark Richard Alex Chuck had Jeff and Scott just before as well And a bunch more joining us right now again We simulcast this inside our live trading room So if you're not joining us there, perhaps you're on some on social media at cyber trading you is the handle Not on webcam today, at least you don't have to deal with the ugly mug today But otherwise bottom left at cyber trading you on the social feeds right there If you're not followed or subscribed to YouTube namely just hit the follow or subscribe button right there in red below and Make sure that you're caught up to speed with all of our live streams and workshops that we do this workshop being traders talk We conduct every Tuesday morning right here. So with that said Oh, man, I came back to a great day. I was just going over this with one of my students So, you know on a coaching call so with everyone here, you know, hey on a day where like, you know Actually start let's put yourself back in the shoes of like a kid, you know Like a five-year-old a ten-year-old running outside. Well, surely you'd be a bit more excited to go outside and play when it's 8085 and sunny And you see all your friends out there riding out there on their bicycles Compared to you know, when it's like 35 40 degrees outside and it's just raining, right? So think of it that way when it comes to opening up your platform and just scanning initially in pre-market You know, if you're at your desk when you should be at 8 30 Eastern Certainly no later than 9 o'clock Eastern each morning again I commend anyone on the West Coast any my West Coast traders out there. You're up early. I appreciate you Well, hey, you got to make sure you have the time to prep and look outside the window Hey, is it sunny outside and is it warm outside when you step outside or when you look outside the window Is it already raining and sleeting out like I should I know what I'm in for today Well, hey today I opened up my platform and I saw a CLS K up another 14 percent compared to yesterday I saw this ALT up a little bit. I saw so much up overnight I mean, obviously there was some you know name brand companies coming off of earnings Zoom being one of them. I actually took the time to focus on this a bit Unity you actually this made a good Dead-cap bounce of all things. So there is just so much out there to try and capitalize on All right Well, you can't focus on too much right the more that we're focused on that the less we're going to be able to Hyper focus in on in terms of you know, the finer details of each trade, right? You know, this is where I talk about this in more in phase one can only focus in on just you know, two or three stocks really going into the open All right. Well, what two or three stocks was I focused on going into the open? well to be transparent although I was out yesterday so to say I had my Year to the market quite a bit yesterday, right rich So, you know rich and I were talking all throughout the day yesterday and you know Just a couple stocks. I had my eyes on and I had my levels drawn for Already like yesterday last night. I drew levels out for a couple different trades ALT was one of them CLSK for any of my Bitcoiners out there, you know, Bitcoin's up 45 to 46 percent since we called out that dip around 395 We are crushing and the same to be said on CLSK and Mara All right. Well CLSK. I you know plotted levels for going into the day today Did I trade this one? In fact, no, I did not trade, you know CLSK at all today Maybe I will later But you know, it's just to say I'm starting off on the ones that I took the time to plot levels for So that is where I will start off with you on this ALT trade There were other stocks that we had on our pre-market list There were other stacks we had on the morning watch list that I also You know traded and took the time to follow. Don't get me wrong. We'll get to be be AI We'll get to SOUN. We will and CLH if we got time That was a great trade to write and just miss that before with Larry on our coaching call because it was already over our level And you just don't want to chase it. That's fine. All right. Well on a trade like ALT I already had my levels set on this trade and point being is that rich made a very timely call out here at the time I colleague rich in the chat, you know, right as it was breaking higher here and Once I turned over to it. I said this is already over 12 and it's on the way up towards my next level here Okay, let's focus it on this trade could this be a good move could this break above resistance and keep going Well the way that we play out a trade like this is simply to say The first test of a key resistance typically is going to be the best test So I'm waiting at first here to see this try and false break nip and nod a little bit at first But the more times it tries to do that then I'll be interested in taking that entry So when Richard called this out, I took two entries on this trade the first of which I took a break even on I got in right off at 1230 at first things were looking pretty dynamite like really good at first But if it's not going to make that higher high if it's not going to make that big push up Just be prepared and the stock although I was a big fan of it going into the day today It's not really an easy one to trade it has some thin liquidity out there on the order book It wasn't necessarily easy on the eyes in that sense So by the time this pulled back towards 1230, I took like two cents on it Maybe it was a break even trade got out before it shook lower here. So I felt good before it shook down as I come Okay, good So I turned away for a second and focusing it on another trade at the time and then I come back because I'm just expecting this to pull Back more you always want to confirm, you know once this breaks down here. It's like, okay Well, if that was such a big level then probably should just continue to drop, right? Right right and It never did it never continued to drop lower So I turned back to this trade as it was pushing back up and up towards this 1230 line Again, and that's where I said, you know what if it's not going to make that complete drop like I was expecting like I should be thinking Then maybe there is a room for one more entry because hey, this was a pretty clean level from yesterday's trading There was a bunch of volume yesterday in the morning session I think even in pre-market that got traded and filled right off that 1230 Well the more and more volume that gets traded there. I'd imagine something's got to give So by the time it pushed back over 1230, that's where I'm in on this trade right now from 1232 and half penny right there So I took half my trade out by the time this pushed up a little bit higher here just to take profit It was at like 1325 or so. I took half the trade out when I was with Larry on our coaching call before Normally, hey, just like I ask of us here Margaret Kathleen and Alex all of us in chat right here Well, what time do we normally see reversals happen? 1015 to 1030 the time frame right so I felt pretty comfortable Just taking half my trade out right there because of time and because hell that's a 90 cent push. I'm very Satisfied and very accomplished with 90 cents, you know, I would have been satisfied with 60 cents I'm just taking it level by level though. So by the time it bursted over 13. I guess maybe I could have Raised my stop up to just say under 13 Would have worked out perhaps even better, but you know, I'm not trying to be perfect I'm just trying to be happy at the end of my trade, you know what? I mean, so I'm still on in on half of this position right now Why am I still on half? Well, like I said, I'm pretty satisfied right now either way So the more this pulls back, I'm sure I'll just hit the check button But this is what I'm thinking and I went over this just earlier in the audio commentary I was alluding to it. I'm saying that, you know, there was a pretty interesting trend line looking at the long-term on this Really starting from 2020. I mean, this was a COVID stock that we traded back in 2020 I think that if they weren't a vaccine, they were antibody testing company blah, blah, blah All right, we'll pop and drop back then pop and drop back in 2022 From this peak to this peak we'll start with it's right now just breaking above this trend line again So is there a case to see a real high or high? Is there a case to see this try and move up towards this peak that we had right around 17 or so I Mean, I guess anything's possible, right? So I'm not waiting for that I'm not expecting that by today by tomorrow by whenever But it's just an interesting long-term trend line that you see getting retested and broken over and you know Even if you want to make it off this peak here, okay? Well, there's some room to get up towards there, right? Alright, so you're saying there's a chance Let me ask us here outside Even bigger larger than just dollar levels even more than just dollar levels folks for Sam and Margaret all this year You know what are even a you know stronger increments or levels than just dollar levels? What's like the next leg up from there? Sam saying five and ten dollars. Yeah, well five then right ten, right? So absolutely so like five, right? So let's think of five. All right. Well, what's the next like five dollar level above where it's trading at right now? 15, okay. So that's a more psychological abstract price to focus on that's where we're more likely to find iceberg orders over time on trades and Well, hey, what do you know? 89 90,000 shares been out there since I don't know Start of the morning the market open As long as this stock continues to make higher lows from here folks Can I ask us a very you know basic question? You might kind of scratch your head and be like what the hell is he going from here? What's two plus two? What's two plus two? Certainly not five certainly not three, right? It is four and you should be extremely quick to answer that right there should not be Anything but confidence behind answering that question, right? Because we've learned that across our entire childhood into the adult life basic mathematics All right. Well here as long as we're seeing higher lows continue to build I Like to say that there's a pretty strong chance that we can get closer At least closer towards 15. Maybe it doesn't touch it exactly But where it's trading at right now I feel like there is a case to see at least a bit higher of a move up You know, we have this big iceberg level showing from level four from the heat map there I'm sure it would be on Nasdaq book. You were there too 15 typically is a psychological level to begin with On top of that it's still underneath where this trend line is off, you know, the last three to four years So again not guaranteeing it There's nothing guaranteed behind trading folks But as long as this doc continues to show higher lows and continues to show good direction here Then I'd like to think there's a case to see it better push towards it So if this pulls back coming up here, then I'm in from a great price from where we called it out, right? So, you know, that's the difference between behind a good entry and a trade that you're jumping in late on or even chasing You know, even just before NCLH All right, Larry, we didn't miss too much man So, you know, Larry and I turned over to this NCLH trade when it was like basically here at 1850 You know, we identified 1837 ish as a key level or like right before continued. So we were late to the party here We were late if we were, you know Turning over to the stock as it was moving up towards this price. We would have been a lot more reacting But that's not life and we were you know a little late to this trade and it moved up more without us Okay, so be it. It is what it is, you know, see what happens at the next level or maybe that Resistance can flip into support on a pullback here Who knows maybe we can see this pulled back to support at 1837, 1840 ish and This could become support over time, right? So that's where I'll tell you as far as just seeing a stock move up more and more and more without you If you don't have a clear level to enter from then you're really just shrug off any Type of emotion that may come behind missing that trade and just move on to a different stock You know trade like BB AI here still holding at the highs, you know There's other trades out there that we could look for a bounce You know even now as I turn over to one of the stocks I took the time to prep going into the day CLSK Okay, let me ask us here really quick and I'll get to your question next Sam, but you know from all of us in chat What do we nickname green as on time in sales? What do we nickname green as on the tape? Not not the legal name my legal name Joshua max My nickname Josh. Well the nickname for green is buying, right? As Mark and Sam both say absolutely All right Well, I took the time overnight to plot different levels for this chart and I have a big fat green line here If anything I have to but this is a big fat one I'd like to think that there was a lot of buying at this price 2035 Is it possible that for as much buying as we have here that we could see it make the bounce coming up? 100% for as much as this dropped off already. I mean perhaps we could see a reversal now if not from even earlier We could have so you know, this could be an opportunity Just make sure it does what you need it to do under and over you could set your stop right in from this point And you know that sets up an entry it sets up a thought a possibility behind taking a trade SOUN This chart looks quite messy right now. Let me just delete one of these lines right there Hey, that's at $7. There was a good case to see a pretty good entry on this trade I missed out on this myself, you know moved up without me at the time But it ended up beginning to push over seven and Led to a good squeeze. I was ready on two different trades So by the time I turned over to this maybe someone else had jumped in on this stock And I and I didn't point being on such an active day like this today Don't beat yourself up if you miss out on one trade and it's going up without you Hey If there was a clean level that you were watching and the stock had the time to break over that level and you were in the Moment and missed it point blank Then that's something that you and I should need to take the time to talk about on a coaching call on traders talk here We can go over that a lot further You know, otherwise More one-on-one gives you the chance to kind of pick my brain further and realize What am I really thinking out on a trade like this even just before it's Larry on our coaching call? Which one was it? I think it was the CX AI right Larry, you know, we were looking for a bounce on this trade And you know, he was telling me is like, you know, typically it's this time the day like right where my chart is Where you know, if he sees it going up, he'll feel more inclined to jump it. I Get it You know, hey, you might see the opportunity the light in a lot of these trades where you think, okay It's gonna, you know, go up more All right, well if it breaks over the next big level and that gets flipped into support I don't even mind taking the trade from a higher price But I don't want to take a trade in between levels. It's like inception. It's like limbo, right? So what happened on this trade was thankfully we didn't have to take it from the higher level It just kind of naturally pulled back and I tried taking the trade here before we started traders talk But it did stop me out just before as we began It's not going to make that larger bounce that I wanted then, you know The more nips support over time then maybe it does just tank So, you know, that's where at least hey for that break over resistance. The first test is Typically the best test to see support So, you know, that's where even on NCLH If this does pull back keyword if but if it does pull back towards 1835 to 1840 ish For as much buying as we had from the morning session there at the open Perhaps that could initially become support. I'd like to think it would These are things that we need to think of when we're in the moment, especially after missing out on part of a run already Even BB AI to go back on this trade. This was the first one I took the time to really sink my teeth into so, you know Before I missed out on SOUN and before I missed out on, you know Even the hymns trade hymns moved up without me at first Took a loss on that and then it popped without me actually well, this one ended up providing an easy easy trade and it was off of a couple of prices actually a few because You could even plot three dollars here and it made a pretty strong breakout afterwards So just to kind of shuffle around a bit If you look in the chat board inside our trading room This is where we encourage anyone on social media to join us just live be it a day You know right at 9 30 in the morning. I wrote to you 9 31 if you want to be exact BB AI print 270 what that means is that the opening bell print got filled at 270 So over time this ended up pulling back under it and Then shortly after holding under it for two consecutive bars. It pierced back over it, right? So as soon as it broke through that big level on the way up it promoted my entry on the street I was messing around with this in pre-market. So I took it was like a minus one or minus two I call a break even it did tack on to my first actual loser. I had in pre-market this morning So, you know that was at 280 Well, if you missed it from 270 for as clean of a level as 280 was the more it nipped it and broke over it in a shorter timeframe You got that next leg. You got that continued move up Same to be said at three first test of resistance here best test of resistance right there But the more it nips and naws it in a shorter amount of time I'd like to think that we can get that larger reactionary move not just a move That's worth like, you know 10 or 12 pennies worth This down this is either gonna reject three tremendously in tank or it's gonna break over three pretty hard and make a much Better move than you know the the consolidation under it So easy to say that after the fact over time this ended up slowing down anyway as you should expect but During prime-time hours. All right, I'm calling out one level at first and if I miss that move myself Doesn't mean I'm missing out on the on the trade entirely But if it provides an opportunity for me to get in from the next level then I will take it from there To go back actually once further Aha, look at this nice bounce on my CLSK big buying from 2035, right? That's what we just said beforehand All right. Well, if there's so much proverbial buying there, I'd like to think that we should get a pretty good pretty big move up, right? Notice that that was the closing bell print in fact from yesterday says close at 2035 Interesting well to go back to yesterday's move more so I was watching this trade yesterday I was watching this right out the gate that yesterday morning these levels that I have plotted here I took the time to plot yesterday morning these levels here and Right out the gate this freaking thing was so strong. I was glued to this trade at 930 I was ready to try and jump in but I Did what I tell you I do I don't bullshit with this rule folks I mean that just very bluntly because I want you to realize that for what I tell you I'm fine I'm do myself You know if you're risking tens of thousands of dollars on a trade and I'm risking tens of thousands of dollars on a trade I'm gonna do what I tell you that you should do right and that means to wait the first five minutes So it was a shame when this took off instantly right away without me. It was 931 It just popped right away and you know what this took off so damn fast That I just said, you know what if it's not gonna pull back and hit me up those green lines there At least are the 17 line there otherwise as support Then let's just see what else is out there I don't mind go moving to another stock as long as there's another stock that I feel comfortable trying to sink my teeth into Especially the more this pushes up and up and up and up All right, maybe I could take it from the next level up and in hindsight This is easy to go over here because again, I'm just mentioning this now I didn't take this trade, but it looks like it first tested 18 Rejection and then just on the next couple candles that broke it So there was opportunity on this trade over time, but it's a matter of retest re-break, right? So, you know just the difference between it is how fast the stock is what time of the day It is how much the stock has moved up already, you know over time You know if we kind of look at see at SOUN here this stock SOUN has been on fire of late I mean really dating back to the beginning of this month It was a $2 stock and then just back from Valentine's Day on the 14th 226 close It gapped up overnight and then ever since so it's not like this stock is only up 16 percent today And that's it or it was up, you know, like 30 percent or whatever today This thing's been up like nearly 400 percent in the last month So the more this stock goes up naturally on the daily chart You got to imagine it's gonna begin to pull back or for it to slow down, right? Hey, COSK. I'm sure we'll have another down day or consolidation over time This thing we've been on top of since October. This thing was like a $4 stye as 22 So of course, it's gonna slow down over time But that's right at least say You know if there is a level that the stock is testing the first time on the day looking at a day trade All right This provides a pretty clean entry in up to the next level out perhaps You know if you're thinking it could push up more then maybe try and hold on longer But you know this right here even is like a 65 70 cent trade That's pretty solid to me for mid-morning. You know what? I mean 500 shares that's you know pretty solid pay to begin with and that's even after the market open Now this ALT trade we're just gonna just look at really briefly here Just still hold in those higher lows up to 14 perhaps 14 could be resistance whole number, right? It could be don't want to discount it, but we had our eyes set on $15. That's where we had that eighty nine ninety thousand share sell order Let's take a look right now if we can even on level three. We'll go to the Nasdaq book viewer here Launch the Nasdaq book viewer coming up right now. I might have to toggle this a bit. Hopefully not There we go All right, what's showing here on level three the Nasdaq book viewer, of course, I could show it on the trade station matrix I just like to show this because it gives a good comparison between the two Well, I will say you have about 12 13,000 shares here on the ask at 13 98 No surprise like very close to a whole number of 14 But at $14 there is only about 5,000 nearly 6,000 shares there So maybe there's more volume. That's actually through the other order book through the edgx Maybe the end of my s e perhaps It shows about 22 23,000 shares total live right now There's the 12 13,000 here at 98 and about 22 23,000 shares on top here at 14 So overall about 35,000 shares I'd say All right All right, Nicholas. There we go. Congratulations first off. I'm always a lover never a fighter or a hater First off, I want to make that note So I'm very happy for one of our trial members here Nicholas mentioning you got like 25 cents on it and the keyword He's using well, there's two he says at beginner. So that's the first keyword. So he's recognizing, you know, hey I'm new to this. I'm just gonna do this on, you know, much smaller size You know, that's the second key free is there. So, you know what he traded this He made 25 cents very happy, but he did it the right way. He did it on like super small size Listen as a trial member Put yourself in the passenger seat and if you want to go on paper trading demo mode Or if you wanted to do it on very small size like Nicholas did Then, you know, hey, then go ahead, right? If you know how to set stops and you're doing a very small size just playing around there All good You know, I got off a few coaching calls with students that actually took the time to buy and enroll in our classes a Couple students that are not following what we're preaching as far as starting off small You know trading in like 2,000 5,000 shares and they blew up their accounts So of course, I never mentioned name behind that of course, right folks, whether it's male female Whatever it may be. I don't mention that to you, but that's the reason why I always have to You know, say watch out be careful, you know Don't make sure you trip yourself up too badly here because much like learning how to ride a bicycle You're gonna fall off at first and then over time You realize how everything works the direction the steering behind it becomes a little bit smoother, right? So, you know, hey, I appreciate that from Nicholas and definitely once the or the more that you go through our actual classes phases One two and three of our stock trading course That's where I have a lot more time to break this all down. So coming up here I'd even love to see this push higher continue, but you could never go broke taking a profit, right? Really quick I gotta go over go through emails here coming up in just a moment Just you know, hey for traders talk We always advocate if you have any questions you'd want to send over to me Please first come first serve early bird gets the answers. So Josh it seats you trading is the handle, but But before we move forward for mail to Sam is asking. What's the news out on the stock? So Let me actually just double check that. I know this stock is like a high short float stock There's a lot of shorting behind the stock. So it could be a squeeze Let's say so from yesterday. I Got a bunch of crap. You're honestly. I don't really see any good headline right now Sam. Let me just double check Taking on toughest of rivals in the obesity drug, you know Ring right there Alright, so maybe their most recent news behind a drug had to do it behind like, you know Beasty weight loss maybe that's I'm thinking but otherwise it looks like just a very highly shorted stock So the more people that cover their shorts, you're gonna get the squeeze Easy to say that kind of after the fact but this stock was one of the stocks back during COVID that took off and it was for that reason and Ever since well, if it's up in the pre-market, we'll look at it It's kind of similar to like Novavax and VAX, you know, that's also a very heavily shorted stock I mean outside of the vaccine stocks. You could just talk about the AMC squeeze back in 2020 right or 2021 that was in GameStop So for these stocks that are highly shorted, don't hold your breath waiting for them to squeeze But if there is a morning where they're up big in pre-market Then obviously treat it as a day trade and then if it ends up showing better strength the next morning Then you could put it back on your list So in the event where this like was down 10 15 20 percent this morning It wasn't but if it were to have been I wouldn't have been trading this today, you know, it had a good day yesterday It was up more from yesterday's close. So that's where I said, okay Well, maybe there's a chance for continuation, right? We're focused on the trend of it So if this was like a one-and-done trade yesterday, and it was like down bad this morning We're not focused on that crap. You know, it's like Lunar LUNR That's that's actually a great example speaking of a freaking short squeeze You could say buy the rumor sell the news whatever, you know It's the same thing here basically up and down and for as much as the stock popped up last week. Well, obviously down now looks like this was a highly shorted stock as well kind of looking from Benzinga, but Once this ends up gapping down the next morning to me. It's like all right. Let's find a new flavor the day New flavor the week, whatever it may be, right? All right, so really quick folks actually let me just jump back to ALT just to keep track of my trade here Also really quick CX AI. Did this go back up? I got stopped out on this just earlier break even it's not really doing much So it's kind of 50-50 this one right now holding over VWAP. There's a case to see it bounce, but It's one of those like lower float stocks that again 50-50. So the first test of support I felt good enough here, but after that You got to see something more convincing to show up now for emails Let me just jump through my email inbox If there's any trades or questions that you wanted to go over from before definitely send it over Actually a quick shout out to one of our platinum students actually Charles Robinson. I know Fausto brought this up earlier He was out today and the next few days ahead. He's having knee replacement surgery Actually just had it earlier this morning 7 30 Eastern But he's on the mend right now folks recover and so I know a lot of us were wishing him well And you might might be tuning in right now on YouTube. You never know We simulcast this on YouTube as we do inside our live trading room. So wish my friend Charles well here coming up I'm sure he'll be back probably if not by the end of this week the next All right couple questions that came in from one of our new members here Tim So actually I'll just go through these and order Tim and so let me be pretty simple. So Tim asking what is the theory behind the idea of I'm sorry What is the theory behind the idea that gaps will be filled? Well, the idea is to see like more people look to show buying or selling to have the stock continue its direction long-term So let's say in the instance. I don't have as much of a clean one to just give you here perhaps BB AI I guess for right now. Okay Actually, you know what? How about this? No, we'll just go right to the spy Let's go right to the spy speaking of gaps. Okay, so Let's say if there's like bad news that comes out overnight Let's say if there's just selling in the futures market overnight profit taking of any sort well overnight You'll see the markets drop off. They'll lead to a bit of a gap. What leads to the gap potentially getting filled long-term direction Long-term direction, right? So it's easy to say that the markets long-term have been trending up and Have been continuing to right? Now if we even look here, we had a pretty strong gap up here over the last few days Is there a guarantee that this gap will get filled and this comes back down the spy towards 497 498 Never a guarantee Most gaps typically you'll see over time look to get filled But there's no time frame in which it does get filled like whether it's right away or whether it takes weeks or months over time Typically on the spy I could I guess tell you you know the gaps do get filled a little bit quicker compared to you know Select equities, you know, if there is like a stock that has a major gap on the daily chart Either some really good news came out or some really bad news came out So in the event where there's like really bad news that came out Typically you're not going to see as much bullish sentiment, right? So at least in terms of the stock market and the spy the ETF behind the S&P 500 It's easier to say looking at the longer-term trends on any Gaps that we've had downward they filled back up pretty quickly But let's say like on a stock you could even say I like this one over time AR DX I've shown this historically for like five years now probably more Let's even go back like ten years So back from I think 2018 was it nope 2021 losing track my years, but the stock came out bad news back in 2021 and it took a long Long time for this to try and attempt to fill the gap and over time it I think did Yeah, I did and then some if it's now above where it was trading back then in 2021 but when you look at that type of big gap over night That could present an opportunity on the given day like on this day where it gaps down and to train the next morning at like freaking $2 Well, put yourself in the shoes of someone that shorted the stock at 8 Let's say you short the stock at 8. Let's say a week goes by or even just overnight you wake up in the damn things that too Yeah, I'd like to think that you'd look to get out and take your profit, right? You'd cover your short Because how often are you up that much on it on a trade just like that, right? So you take the money and run well for as many people that were short on the stock The idea behind the gap fill is like all right Well, maybe you're gonna see enough people cover short to where it leads to a potential short squeeze for a bit a dead cat bounce synonymously known as and the stock may keyword may look to Potentially fill part of the gap not to guarantee Nearly most of it or all of it for that matter As much as I say that of course, I'll show you some anomalies here Children's place recently had a crazy gap down on the daily chart Well, this day would have been a great day to attempt the gap filler or dead cat bounce as a day trade But you'd like to think that well if the company had bad earnings whether it's lowered guidance or whatever the hell it is I Wouldn't be expecting such a clean fill right away So like it's good for this first day, but this stock Overexceeded what we would expect for it to do, you know, it exceeded its expectations where it obviously filled the gap And then it continued where well for anyone that was still short on the stock. They got destroyed so you can't judge a short squeeze before it happens and as it happens you're never going to be 100% with guessing it because Most don't look to make this type of squeeze as you're seeing so again just to go back like this one day where it gap down on February 9th. Oh, that could have been a great day to try and long it try and you know fill part of the gap a little dead cat bounce Maybe the next day. I I reckon but I wasn't interested. I remember I was very surprised the next day where it moved up even more So, you know snapchat This is not filled its gap yet, right, you know, if you're a long-time student of CTU you've heard me say I think snapchat sucks as a company So I was not jumpy to try in the long this at all. I'm happy I stayed away In a personal interest obviously comes involved with some decision-making What we have from today, we had unity this did fill the gap this had a great one actually from this morning, so this one was down big overnight and At least as far as the intraday move it had well it dropped off at first But it then made a bounce right so if you know where the levels are on the stack looking at level three looking at level four The chart obviously could you know show you some things looking at just the one minute five minute chart like this Resistance became support You know those things could help you out Again though we say typically reversal time is around 10 15 10 30 So some something as simple as that that could lead you to say the more this pushes up You'd like to think over time. It's gonna pull back and look what happens like right on the nose here basically Maybe three minutes off three minutes off from 10 30 right so 10 30 ish that hit its reversal time right back down Question two from Tim really quick. There's a few that came in so just answer the next one from Tim Does the value of an ETF whether it's an equities or index? Reflect the value of the underlying components or does it reflect the supply and demand of for the ETF shares themselves The latter Tim the latter so, you know, hey the value of an ETF represents most specifically The value of the ETF so let's just say for instance SOXL whoops SOXL right here Chip ETF. I don't know the percentages the breakdown component wise as far as NVIDIA AMD Intel Micron. I don't But this is the chip ETF so whenever we see stronger moves on at least the market We'll try and focus on this because at least representing an entire sector. It's $40 right now $41 That's still not too expensive as much and back in January December time It was really cheap So this has been a nice ETF that we've at least called out here and there But keep in mind that when this moves up, it's not proportionate to AMD or NVIDIA and on the flip side There might be news for NVIDIA that pops that 15 20% like we had with earnings last week Whereas hey SOXL had a pretty good move with it a gap up with it, but it wasn't up as much nearly percentage wise, right? And if it was maybe it could be because it's triple leveraged ETFs could be leveraged, you know, one and a half times two times three times typically So this being a triple leveraged ETF I mean, maybe it could have been up, you know, nearly as much percentage wise when the video had their earnings But that would be the only reason why it to answer questions him the value of the ETF reflects the value of the ETF Meaning it's not that 100% direct to the underlying components, but it's similar. It's similar So let's say at least if you trade AM or let's say for instance, you hear me call out AMD I'm like, oh look AMD moving up moving up. All right Well, if SOXL has a pretty solid trend and if it's showing good momentum The type of momentum that we've seen it carry on good days, then perhaps we could be more jumpy to try and follow it But if it's not really showing the type of momentum that we've seen it trade before Then I won't be as jumpy to follow it. So you have to gauge it, right? And that's a whole separate conversation I could talk to you on like on a coaching call, you know Again, we don't really advocate for really most of our students to be following these ETFs at first Really, if you have level four if you have book map that is makes it a little bit easier on the eyes to do so But you know if you're a trial member or a new student, you know, whichever you may be right now It's him. That's where I'd say just stick more on equities versus ETFs to begin Rijan saying but ETF don't allow margin need more capital. Yeah, but they're already leveraged to begin with, you know Like this is triple leveraged. So let's say if You know, if there's a style like in a general sense at least outside of Out out lying factors like news, you know AMD and NVIDIA make a move up this will make a larger move percentage wise on a usual day But if there is news behind one specific stock, then I'd rather just trade that All right Now there's one more question from Tim and again if you have any other questions folks Just feel free to send it in via email or private chat right now Just let me know but otherwise last one from Tim here and if there were follow-ups Tim that you had definitely let me know otherwise This one is very important because this one is a common sentiment that I Hear from trial members and especially new students once I begin to work with you just you know in coaching one-on-one You know whether you know Jill or Jason or Lee or you know a lot of her, you know Recent gold students, maybe not brand new but you know Rhonda or John You know, I hear from a lot of us that hey, this could be pretty fast moving at times, right? And especially as a new student where you need to train your eyes to interpret what Where think about that you need to train your eyes to interpret what's going on at a certain portion of the day At a certain portion of the screen, you know, I'm not looking at like, you know Every part of my screen as intently right now really I'm watching the chart I'm watching level three, which to me is on the far right side of my screen right here Watching this program. I'm watching my chart That at least allows me to slow the pitch down a bit There's a lot of crap on the screen honestly here and yes I need to keep this up because well, they all have certain value to it But in a general context looking at this overall platform, there's a lot happening a lot of windows Lot of fast-moving numbers a lot of bright colors So for Tim or anyone else that emails me and says hey everything moves so fast in this room How and when do you pick the stocks to trade? It's a common sentiment. It's a common thought folks and as a trial member We don't really expect you to learn this within a week because if trading was that easy to just master within one week's time like that I don't care if you have 30 years experience We have traders that have 30 40 years experience that find this relatively complex at times So you need to go through our classes go through them in a sequence that we have them set up in right? You know, if you just start off in phase three, it's still going to be very fast But the more that you go through these same motions It becomes a lot if it becomes a lot easier to slow the speed of the pitch down So to generally answer this question for Tim I will right here, but it takes just really our entire phase one stock course initially to go through in order for you to have a much More profound understanding. So let's go back to ALT oops Let's go back to ALT. Okay Everything moves so fast in the trading room. How and when do you pick the stocks to trade? We pick the stocks to trade early in the morning But again preparation and time is everything if you get to your desk at 915 Eastern and you open up your platform You're like, alright, let's just start trading. It's like, you know going into like, you know One of those like rodeos with like the bulls, you know, like the PBR series Bulls it's like going inside. There was like, you know pits blindfolded and then taking off the blindfold like here you go. Good luck It's like going into a test without studying You know, I know a lot of us myself included obviously or you know, well after college graduate school if anyone Listen, I wasn't the sharpest tool in the shed the brightest bulb with a bunch I didn't go to graduate school. So I just did undergrad that was it Hey, even back then You had to study your butt off in order to pass, right? I mean if anyone was that smart to just go in cold and not really study one bit and go in unprepared kudos to you But to most people that would do that you'd probably fail, right? Well, if you have the time to prep in the pre-market Then you should know where the levels are on the stocks that you're looking at So not only should you have the time to prep up and make sure that you're there early and know where the icebergs are But you don't want to overwhelm yourself. You don't want to focus in on oh eight different stocks to work with for the day Yes, we post our watch list. Sometimes we'll have ten even twelve stocks on the watch list We say every morning and especially in class We don't want you to be trading eight or ten or twelve stocks out of those group of eight or ten or twelve you know, hey focus in on two or three and Truth be told you should be doing that Before nine o'clock when Fausto comes on if you're at your desk at 830, you should know what's moving at that point You should be saying oh CLSK is up again another 14 percent. Perhaps there could be a good trade on that Oh ALT is creeping up a little bit, you know, it's like oh SOUN is moving up a little bit And if you know this stock has a liquid order book and you know, it's within your price range And you see iceberg orders out there on level three or even more so level four then I don't want to Have too many stocks to work with like that Because the more that I have to work like that then I'm not going going to be able to hone in on the finer details of those trades So if there's a few stocks that are that that are like SOUN that I could sink my teeth into that's that's one thing But I don't want to overwhelm myself so point being It takes time for you to at least filter it out each and every morning and know what's moving or not There are times where I'm interested in a stock at 830 845 eastern time and by 915 the thing is tanking I'm like all right. Well, if it's if it's tanking I'm just not gonna really focus as much on it right away, and I might need to Just cut my list down to two instead of three or maybe there is another stock I'll try and set up for and you know make that there's whatever it is And again as a new member Well, it might even be difficult to follow two or three stocks You know, you might have to really train your eyes first to interpret just one stock at a sitting and Once you just get the basic fundamentals for support resistance taken care of Not to say that you're trading two or three stocks at a time That's the last thing that you should be doing actually as a new student But as a new student at least juggle a couple at a time like you know in your arsenal in your rotation Okay, let's look at SOUN see what it's doing. Let's look at CX AI see what it's doing There we go moved up without me there. How about how about that? So it looks like this actually made a pretty good move right there from that 250 But it's just that hey in pre-market you have the time to set yourself up compared to now Or it's like smack dab in the middle of the day. It's like okay. Everything is moving now Not everything is moving in pre-market There's a lot of crap in pre-market that you could just eliminate right the market's opening at 930 a fixed time each and every day So hey we trade pre-market. I traded this morning pre-market with my student Manny on a coaching call I started off negative to be honest with you and I worked my way up at least afterwards I'm BB AI and then a l to care of itself, but yes We trade pre-market, but if you're not proactively trading pre-market and you're not like hunting for a position on a given morning Then what are you doing with your time? What are you doing with your time? You should be making sure that you're setting yourself up for the next four and a half five and a half hours the day The market open and beyond right? So again, that's easy to kind of address here. It's easy for me to spit out right now It's easy for you to nod your head and say well that makes a lot of sense You know no disagreement there right But it's not as easy to just do in the heat of the moment. It takes sequence It takes consistency of being here each day of the wheel not each day But more days of the week than not you know the more often that you're here Then the goal is for it to slow down a lot more and for you to be able to pick up on this a lot better Be more reacting right? It's not easy to be reacting That's why like when I teach class to any of our trial members that are looking to jump on board with us, you know, I Shoot straight and I don't just say that to say it. I provide full transparency Hey, I got stopped out on this trade right here as I started traders talk I'm not in this thing right now this damn thing is moving up without me It's okay trust me, I don't need to look good like that Sorry, it's other trades that we could try and follow what a point being is that at least when it comes to following a trade Well, I'm as focused in on my rules as possible And if there is a stock that is going to make a move That doesn't really comply with the rule set I'm using Then it's gonna be tougher for me to just jump in, you know I'm not the type of teacher that would just be like yep You should have gotten in right here and you should have sold right You know, we're not captain hindsight come on there's no need to be so The only reason to be would be to just show it as education But you know, that doesn't help a trader out in terms of like Going forward what helps you going forward is the real transparency of okay Well, hey, if I wasn't teaching a workshop right now live guys Well, hey, this is more easy for me to say, but I'd be more reacting here to see this test support and maybe try it again It's hard for me to juggle 18 things at once. You know what I mean? It's hard for you to do the same as well. So that's where I say hey if there's a stock moving up without you Don't beat yourself up over it. There's other stocks out there that we could trade There's other opportunities that we could try and focus in on right? So it's not just saying that just to move on from one stock to another But even here we know that our next resistance on this trade. Well, it's at $3. Just moved right up to 299 $3 Okay, well the more it could at least try and break above that. Maybe there's a case to see continuation Maybe we could see support begin to build here from a lower price There could be a new entry on this trade point being Same within CLH the more this kind of you know, either pulls back towards that green line Or maybe it does move up to 19 and pops that just we need to identify the levels first I'm not just looking at a trend and then saying alright, let's just jump in. Hey if trading was that easy, right? None of us would be here, but that's where I say if there's a stock that's trending well It's within my price range has good order book tight spread good orders. Okay. Well Where are the key levels? Are there even any key levels for me to use? There might be a good trend, but there might be no icebergs the order book might look like crap That doesn't entice a good opportunity for me. You know what I mean? ALT hey, we had resistance at 14. It showed a little iceberg there We saw that before if someone's not in this trade right now There is the potential case to see a breakout over 14 continuation here The more times it tests that I feel I'd feel confident of it at least so, you know, we've been testing it There's a real case point being is that we can't you can't get caught up in the moment for missing out on one or two trades here or there As a student, let's say if you're a student taking the gold course right now phases one two and three collectively You're working with us in the coaching program everything if you are consistently Consistently Missing out on opportunity after opportunity after opportunity and you're watching the stock break over the level first You're not even late to the party. You're just like watching it and then it goes without you Then you need to let me know that and we have to work on that one-on-one, right? And I'd work with that work with students one-on-one with that all the time But that's it. That's a problem that we need to address we need to nip that in the butt pretty quick because if we don't Certainly, we're not really gonna gain confidence with trying to use strategy And the whole point of this is to learn how to supplement our income or at least replace our jobs all together, right? Make money Well, you have to feel confident to pull the trigger in order to do that. So that's what I say I don't mind missing out on a trade or two folks. I don't cry over spilled milk. There's always gonna be another trade There's always gonna be another day Market's not permanently closing. I knew that before I took off work Thursday at the end of last week, right? I knew coming back today. I'd be good to go So it's a matter of when and where right and with that all right Well, if consistently we are not really on the ball if we're consistently missing out on move after move after move at Let me know let me know. I am more than here to help. That's my job So, you know, obviously, I got to jump on a coaching call coming up actually coming up at 12 o'clock here 1231 o'clock afterwards. So probably be chatting with a few students with that coming up But again, hey, here's ALT making this little push over 14 Let's see if there's more coming up here on this trade on the way up to 15 big resistance Now folks, hey, we're gonna finish up traders talk for right now. So for any of our, you know new trial members at least Octavia Mint Tim we have a few of us just joining us here So Richard before Daniel Brent. Yeah, if you have any of other follow-up questions, feel more than free to private chat me You can always email me here Josh at C2 trading calm But otherwise actually if you see my last post in the trading room see my thumbnail there my ugly mug show right there At least see the three dots to the right of that you could actually select that and select private chat We've clicked those three dots like private chat You can instant message me throughout the day inside or live trading room if you're on YouTube right now Hey email me. I just put my email address right there on the lower left Josh at C2 trading calm You're interested in joining our live trading room Just scan that QR code on the top left of the stream get you a week long live access to our live trading room myself Fausto 35 plus your pro within the stock market there, you know, we're trading all throughout the day We do audio broadcasts in the morning throughout the afternoon So we'll be back on later at 230 simulcast But then hey at 3 o'clock we'll be back on for a full hour of audio commentary and just heading into the close So I look forward to seeing everyone there coming up talk to you soon