 All right, folks welcome on back here for another fantastic edition of our traders talk workshop here this Tuesday August 22nd Great to see all of our students and members alike here inside our live trading room We just had John before Roberto mark Kathleen and a lot of our students and members joining us here So hey, just give me a quick sound check Let me know if you can hear me loud and clear there or otherwise if you're joining us on social media Whether it be Facebook live LinkedIn Twitter YouTube etc. Hey great to have you back at the same time So no for any of our new students here. Hey welcome welcome on a board to traders talk This is a weekly workshop that we conduct mainly inside our live trading room each and every Tuesday morning So for any of our students and members there you folks certainly know, you know Just to send over any quick questions or trades right over to my email address Josh at CT trading comm and then with that, you know, hey, there's a few that already came in just before so We'll start with those but hey, we had a really nice trade just before and a few different stocks So you know heading into this time So I want to go over what just happened not even from the market open We'll talk about that coming up, but I want to talk about what just happened like the last 30 or so minutes I was on a coaching call with one of our students and a lot of good a little bad But the bad was not like a bad trade. The bad was actually just damn I was there maybe a millisecond after the pop and it ran without us Isn't that a bad feel? Let me ask for Barbara Brian Margaret all of us here has that ever happened to you know you turn over to a stock and It is there for the taking it is literally right there at the breakout and you're setting up your order Oh, and it just pops up much higher and you know shoot I don't want to chase this thing because hey, just like we always talk about the more that you chase Though the more exposure that you give yourself to taking a potential loss So hey heading into 11 o'clock or 10 30 Are we trying to be more of a gunslinger at that time compared to before or we trying to be more cautious? So let's actually just talk about that here. We'll start off on folk We'll start off on the stock that was pretty good trade at first This one more from the market open So we'll get back to that action just a moment the market open and the run-up that that had But just before I was on a call with one of our students and we were looking at this initially initially We were looking at this test six and from earlier in the morning. It broke over six bucks It falls broken and pulled back it definitely shows it was holding it as resistance for a good while after You know, we always say trust whole number levels, you know as far as where the iceberg orders are often likely to be located So at the time myself and Larry we're like, all right. Well, hey, this looks like a pretty good setup And not only that when you look at level four She'll bring up here in just the moment if I can bear with me here folks actually little for clumped right now So right here. I got a bunch of crappy lines here. Otherwise on this book map I'll delete that and you could see now big iceberg order actually at first This was like 80 plus thousand 81 thousand or so shares even more on the ask so we know that's resistance Well, more or less that popped up after it had pulled back from this point here So that iceberg never got tested during this consolidation or from the original run-up that order wasn't as big from back then Well, what time is this at this that like 9.54 in the morning 9 57 in the morning there By the time it moved back up to six bucks to retest that level and actually break through that order It wasn't here It was here and that actually shows that it was even longer from that last test in terms of time It was about 30 or 35 or so minutes, right? Just about That's a lot of time in day trading lands here when it comes to a retest or a stock testing a big level You know what we often talk about more in the phase two curriculum and certainly with Thouston phase three is the more often that resistance is getting nipped and not add and getting weakened especially in a shorter time frame shorter Concentration that's where you're more likely to see that better move now for eighty one eighty two thousand shares on the offer that We just had here and it retested it even from the market open from the original run-up This was an a plus setup to where I wanted at least fifty cents. If not a hell of a lot more There's also something on top of all this that stood out If you did your level prep this morning that you saw this is there anything that you see on the daily chart that sticks out here folks Don't mind the circles. You see some circles there. Don't mind circles. That's not it But anything that you see looking at that daily chart Xavier says a massive gap not only just a gap a massive gap. Absolutely. This is a gap fill opportunity Keyboard is opportunity meaning it's not a guarantee So, you know, it dropped off back from February this year from like 12 13 bucks all the way down to six or five Took a huge haircut right away You know, but topped off here at the time right around 650 ish 661 on March 1st and then dropped much lower So whatever happened this morning that led to the original breakout in pre-market that led to the original run once the market opened up You know, hey, there could be a lot more room for this to run higher based off this gap fill or the potential for it to try and fill The gap so once it broke out over six here or tested it that's where I'm definitely trying to jump in But again since it took so long from the last test up until this one at 1035 Much more often than not you want to wait you want to sit on your hands So right there myself and Larry you sat on her hands and thank God we did because you know Hey, it still broke out later on or a couple minutes after but it would have been in my eyes an unnecessary trade You know just based on what we teach what we go through just you know, right here in traders talk And as we just said the more times it tests that level in a shorter concentration That's good if it you know just blasts over that level right away on this test Then I'm not gonna say oh, that's it But let me ask us for Barbara and Michael Robert Sam a lot of our members you're all together Jason When a stock smashes above resistance and it runs off of it You would like to think that resistance would initially become what? Support so in that case if this just ripped right above six bucks right away and unexpectedly there Then I would have wanted to pull back to six and then from there the the potential run higher Either way that's a hypothetical because myself and Larry didn't enter here It was just way too long in terms of level tests Now on the next bar a couple bars later once it popped above that price again Or maybe it was on It was on this one of your hats had been because I wasn't under water So it popped back above six. It led to a nice entry once it rebroke it at this point I think sprinkled in between here might I say is where myself and Larry had missed the other move that we'll jump to in a moment So there was a stock nvax that just completely popped right in that sequence and that's the stock that we had missed So I'm kind of floundering at that point thinking. Oh shoot. I got to get into something now We got this that's still potentially, uh, you know a good opportunity So once it rebroke above six, that's where we had jumped in myself and Larry got filled at 602 right away But again, this is the concern When it breaks above that level and you jump in when you decide to jump in We all know it here inside this live trading room if you're on social media Just scan that qr code join us here on a day to day basis It's the same catchphrases each and every day But that's where it's easier for us to realize it when it smashes above six and we jump in We're looking for a big move Well, how big is big to me 20 cents wasn't necessarily a large move for this trade when it already popped up like 80 90 cents up from earlier this morning, you know, it has that type of power So once it broke out it was great, but it's got to keep going So on this trade here myself and Larry we saw a push up towards 6 30 6 35 Pulled back Pulled back here. And this is where I'm thinking. All right Now is the point. We got to see this pop up Go up if it doesn't make that big move up Then I don't mind clipping my my trade and just taking a smaller profit I was in from 602 I got filled at 614 or 613 on the way down just to get out Hey, it's money. I didn't have before the coaching called Larry, right? So it's all about perspective. I'm happy. I made money on it I wish it made a better move at the time Now as I've been flapping my gums doing traders talk here to begin. Well, what's happened? Did it break back above six? Because really six was your your larger level to work off of from earlier today and that should have been support right here Well, it tried but then it failed as it pulled back lower over time here So if there is a real opportunity for this to try and fill a gap It's gotta not just hold over six as it needs to do it here, but From earlier, I wanted more than 20 cents 25 cents here. You had nice burger 650 I think that there could have been great opportunity to see 650 And again, as we had said, we had that top from the the gap fill here originally at like 661 so I I hope for my sake it doesn't make that move now while I'm doing traders talk There's plenty of other trades we got to cover and emails that we have to address and questions but Hey, if I come back to this trade on my next coaching call at 12 o'clock and there's a chance to jump in I won't hesitate because it's very liquid. The stock has a tight spread great order book Granted the more volatile it may become then this will thin out, but this checks out This is a great tradable stock. I think right now to at least keep an eye on it's got to keep it You know over six at minimum Now here's what I was talking about though and it's still going dammit. All right. So nvax, right nvax was a stock from yesterday and at least this morning It was on the morning watch list if i'm not mistaken. I think Fausto slipped it on there first So we were looking for a higher high and basically when I was kind of jumping back and forth from that fulc With larry just before I turned over to nvax. It was originally on my bookmark page I turned over to it and it was like looking just like this It's like just right there as it was breaking out over the highs And so let me show this to you here Where is it right there? Easy to say oh it broke the pre-market highs. Oh it broke the high of the day here led to a great entry Well, of course, but if trading was always that easy to where you know hindsight mattered a lot, you know Then we wouldn't really be here right any one of us It's to say that the more that we recognize this in hindsight we want to be more reacting in the moment Well, hey even at this point. What happens here? We had a lot of buying not just off the top, but like the price each 65 So originally it was coiling up and it had a tough time breaking over here across the morning session But with how much greening how much buying pressure that we had And I turned over to it. I think it was already over each 65 by the time I turned over to it So i'm like floundering trying to jump to like fix my order here and it's already popping up more and more Come on. I don't want to chase right neither do you and you hear for myself right now as well So, you know for anyone that feels like they're always in that position where they're just missing a big move It does happen to the best of us. It really does it happens every day to me and This was a very prominent example of it happening because not only did it pop in my face and run without me, but Folks it's still going. So, you know on this trade. This could be easy for me to say in hindsight, but Actually, it's probably not as easy to say I'm being transparent I wouldn't be in this trade now at this point If I was in if I got in where I could have and should have it at each 65 or above I would be out at this point even with it pushing higher and here's why Because you know today's a Tuesday morning, but it's the dog days of summer still You know, even from before in the morning session the market open You want to take nickels and dimes or at least take the profits sooner rather than later? Well, once this broke out here, you're looking for a big move What's our next resistance above 865? What's our, you know big resistance to work off of overall just generally speaking there's there's a few of them But I'd say that range of 899 bucks. They're both very big and 910 You don't want to discount, but you know just this creates a web of resistance here So to jump in over 865 you are looking for this to at least get within this range of resistance And then you react so I told larry at the time Damn, obviously we missed the move But you know, I would likely look to take half my profit around here Then maybe keep half in or maybe take it all out here Just you know, this is more just strategic just since this is resistance at the time where you want to at least scale some out Especially mid-morning. You're not necessarily looking for the perfect run You're looking for at least a good return on your investment a big move So for me to get like 35 or so cents on an $8 stock there could be even more to it So maybe you'd keep some in but it definitely makes sense to take some out around this range You know, hey broke right above it But you still want to be strategic with taking a little money out and then keeping a little money in just you know If it keeps pushing up, but I mean certainly it had a nasty shake here I would not be in this trade at this point still Doesn't mean it's going to drop just saying that you know at this point now I would have felt very accomplished getting out where I could have around here around 895 ish or maybe slightly above around here, but Hey, hopefully there's more room over time not just on this nvax, but later on perhaps on the fulc So I do want to jump back to fulc That was a nice move from the from the opening session We talked about the sixth level and you know what it's doing right now for us So but uh, you know, this was a nice trade from the morning session as well So we were talking about this in the phase one stock course just yesterday in terms of You know tradeable not tradeable and scanning throughout the day This stock popped I think it's seven o'clock didn't it ended up making a nice pop at seven o'clock in the morning And then from there ended up continuing to push up over time Well, hey with the push up going into the eight o'clock hour here It's a no-brainer for us to put it on the pre-market list But after eight o'clock unfortunately, it didn't really break out higher. It started to dump off a little bit from here So let me ask us From 8 30 going into the market open looking at that picture that you see there that graph What's the trend? It is down right all the same down So rightfully so we had it on our watch list because it was still very active But but the trend is down leading into the open So i'm not going to be overtly bullish on this right away I would need to see support hold, you know if it breaks over a big level I'd want to see it hold its support and then feel really good about a potential move up higher If it fails to give you that potential big move up higher then odds are it's more prone to go the other way there So let's take a look at this on book map I'll bring it back up here for all this year the heat map your level for all right, so when I look at this Well, you got the iceberg here. It's actually at 5 98 for about 16 000 or so shares I mean six bucks. Anyway, it's still your your whole number level to work off of so i'm more focused on six Let me do something really quick here. It's even simplify the following question. I'm going to ask you Let me ask you a question here. I just want to make it even easier for me to ask Look at the column cvp if you specifically look at the column cvp What prices stick out what prices have big spikes off those prices on the cvp column? And we'll say you know at least in relation to to the nearby prices it's surrounding So if you look on the column cvp, what volume bar stick out there, what prices Joy says 5 60 and 5 80 What do we say do we agree with joycier folks? Margaret says 5 80 jason says yep Rick agrees larry agrees. Yeah, I'd say right here This definitely sticks out in relation to all the volume filled near under it and you know, it's bigger than what's above it here And then definitely this this is from either here early in the morning prior to 8 a.m Or even much earlier than that like when it popped originally at 7 o'clock So it's saying that well, let me delete these lines here quick Just kind of reestablish just where we have big levels 5 60 I like 5 81 will technically go to I think that's a penny up right there And then that's six Let me remove the heat map here in a moment There we go Are there any strong chart levels here? Are there any strong chart levels? Well, this is kind of strong that's right around 5 60 though So that that just aligns up with 5 60 the line we already plotted Well, I would say right here There's a chart level a nice bottom really strong chart level here not a volume level, but 5 27 I think that we could say that's a strong support pretty strong chart level for now Now going into the open it does nip right under here So what happens right away when the market opens up? We do want to wait the first three to five minutes. So of course it is to say it pops up very fast If anyone jumps in here, they're literally gambling just letting you know So we do want to wait the first three to five minutes. Well, hey it first pops up above 5 60 This could have been a great entry Especially with it retesting it here within the first three to five minutes So right at this point it begins to push up above it here it tries and it has a good start But it fails to continue to pop over this one here the 581 or 580 that we had so it comes back It's a choppy trade It's not an easy move to try and hold on to Hell you want to get out there at the time because if it's not gonna at minimum hold above 5 60 here Then the thought of it making a big move back down it really picks up So hey easy to say this popped up later on or shortly afterwards, right? But if you're in this trade from 5 60 here, then you're taking a small profit Which is great Or or you're taking a break even or a minus two. You don't want to hold on to this Now let's say if you weren't in this to begin with or you took this and you're refocused on it What is what we brought up before the more often that we see a big level get broken through In a shorter concentration. We're still bullish on the idea So once it rebroke it here just a short a short little while after well easy to say it popped up more But didn't the same thing happen at 5 80 The same exact thing happening here at 5 80. No Broke over it nipped it rebroke entry moved up nice Right, so, you know that actually could have provided a great opportunity now the unfortunate part is that this Topped off really early in the morning at first, you know right around 9 51 Where you're normally expecting to see that top to happen around 10 15 around 10 30 ish eastern time So, you know the more it pushes up like that you think all right well Hey, perhaps it could hold support perhaps it's going to keep going when it breaks under support here at 6 You need this to push back above above it because obviously that's where the wheels begin to slow down The foot's being taken off the gas pedal slightly there Hey, if it's not going to continue then we have to be very careful with ourselves, right As liquid as this stock is f you all see I don't think we've ever really traded this stock I don't remember trading this on the way down It trades like a few hundred thousand shares on average a day So that's where again we were even talking about it in class yesterday afternoon with exhaustion You know once you begin to feel it's not breaking higher You do not want to hold on to that you need to jump ship and get get get out And once this broke under the sixth level here, well, of course it tanked But actually that is shortly before we saw that new iceberg pop up at 6 that's 76 77 Or you know growing here a thousand share order So that's where a good trade can land you into a Break even or a bad trade all together there Looks like this is still having a tough time trying to explode higher from six So now we'll see if it can make that move over time right now So nothing really that sticks out on the heat map here for me around six bucks So, you know if it pops from here that would be nice to see but it's still chopping around it Ideally ideally you'd want to see a nice clue a nice sign pop up for this to really begin to rev back up again Let me ask us really quickly for Roberto Sam Xavier. We're not always relying on this But what would be something That would really help this trade out move up higher Is there something that could show or pop up on this trade that could really give this the boost it needs It'd be really nice to have You know i'm more hopeful for this to happen perhaps than anything but Xavier says a huge iceberg on the bid and margaret agrees brian agrees iceberg on the bid brian Sam says a large buyer at 590 or around there right a hundred percent that would be Really nice to have happened right now You know hey, it would be sweet, but it's more wishful thinking here. So it hasn't really happened since 10 40 in the morning it did happen earlier. It looks like a pretty big iceberg order showed up Let me just kind of make this easier on the eyes perhaps one moment So if you see this dark orange line here it popped up right before this ended up breaking above six Between you and myself Just swear to guys shoot straight folks When I was with larry on this call. I was so flustered by missing nvax and once this broke broke over six I jumped in I didn't notice this at the time That's nice So actually if you even go back a little bit if you look faintly Perhaps this order was laddering up here at first, you know originally a 550 now at 560 then at 580 Are we gonna see another ladder pop up here? You know what maybe it's not as wishful thinking as it could be just seeing that pattern redevelop No, if it doesn't show up, uh, there's still a chance where it could pop, but Don't hope and hold right no matter what the stock is still up a lot percentage wise today You know based off yesterday's close still at 53 percent So if we don't get that then or if we don't see that order on the bid show up then Do you need to be careful of lower highs for it to snap back down here and drop? No, just keep my book map on this fulc We have to go through email folks just a bunch of email questions that came in Again for any one of us on social media facebook live linked in twitter youtube etc Always feel free to shoot me over a quick email here josh at c2 trading calm I have a bunch to get through now, but if you have any after this workshop feel free to let me know All right We'll check in on this trade in just a moment zavier here in the chat board first saying I get worried when I don't see big icebergs on the bid side below as stocks move My concern would be a freefall so When you join c to you That actually is a very frequent thought that I hear from students Because when you go through Fausto's introductory webinar, you know, hey, we really have to like show you the extreme basics of level three I mean, hey level three and level four they move fast So, you know, hey, if you're not as quick to follow it or if you're not as used to it training your eyes We really have to start off with like power points and basics and Well, hey, even there that's where Fausto shows how an iceberg on the big creed support and an iceberg on the ass Creates that resistance and you see the stock bounce off of those levels, right? These iceberg orders on on level three and level four any of these orders on level three and level four What type of orders are these folks? Let's go back to class again. What type of orders are these? on the order book What type of orders are these? It is an action iceberg on the ask now it's 607 for about 17k. Let's see if this gets broken or just did I got filled 607 got broken through. We'll see if this tries to push up higher Or if it's a head fake we'll find out soon Uh, so what type of orders do we see on the order book folks? Limit obviously you're saying limit orders. Yes, meaning not market orders, right? Now let's say if there is a bunch of orders on the ask of level three Not iceberg orders. Let's just say just a thousand here a thousand there 3000 here 2000 there Well, hey, I could use a limit order to buy those shares if I wanted to jump in the trade But you could also use a market order and it gets you filled right away. That's the purpose of one Well, most orders that get filled throughout the day or at least slightly more than half of the amounts of orders that get filled They're market orders. So yes, we use limit orders to identify potential support and potential resistance But that's where I harp on time and sales so much and that's where I harp on Well, it needs to break through the big level on the way up because the phrase on the way up implies that you're going with upward momentum and once it breaks over the level well Simultaneously instantaneously like same time. You're seeing a bunch of green on the tape That's a combination of limit and market orders that are getting filled over time So simply once we end up seeing this break over the level, that's where I'm trying to just feel that foot being pressed on the gas pedal there It's easy to say Don't always look for the iceberg on the bid in order for the stock to move up Since we've been talking there has not been a new iceberg on the bid, but it's still been pushing up, hasn't it? So it's not a guarantee or it's not a requirement might I say It's not a requirement for there to be an iceberg on the bid in order for this to go up Naturally, if there's going to be enough market pressure to just break through these ask orders It's going to get the job done without so I appreciate xavier actually mentioning this because it's a frequent Thought that I hear and you know kind of go over with students and coaching calls So you know at least for all this year just to note It's more a matter of just following the trends following the direction upward, right? So that's why this generated a nice entry at the given time Although it wasn't the full move I wanted and then even again you could say on what was the one I missed I put this on the left side of my book map. I told Lawrence. I think from my mental health I need to just not watch this because it moved up so much without me So for this trade once it bro go over this There wasn't an iceberg that instantly popped up on the buy side Looks like there was one that popped up later on at a much lower price level, but that's not really what we're Striving to see there necessarily so once it broke the top is just you know, hey jump in the trade, right? All right, so we're trying to push here a little bit on this FULC, you know a small little iceberg at the price 607 So that was not anywhere near as important of a price before that little order just got filled from the ask So if it needs if it wants to make a big move, it's got to do it in my opinion like now And as I'm saying that look what's happening It's not even letting me finish my thought. I just pulled right back below 607 and right back to six This is a chop fest. So, you know, hey, it's good to be patient oftentimes Uh, you know, there's a difference between the FULC trade because this is so choppy where if it makes a pop and you weren't expecting it That's just not to say bad timing on your part. That's just you know, bad role of the dice will kind of call it so Don't beat yourself up as much on that but on the On the nvax trade just to mention Yeah, of course the more it goes up the more it went up the more I became frustrated with missing out on it I still don't want to chase though So I didn't want to go against my main strategy of just trying to stay as close to my level as possible Hey, the more I watched this and it moved up without me Well, if I stayed glued to this and I still didn't jump in I was too scared Then I actually wouldn't have nabbed the 12 or 13 or 11 cents However much it was on the on the FULC trade after right? So you do want to have you do need to just shrug it off and say all right Is there another level on this trade I could focus on is there another stock making another move that I could focus on So, you know the more that we're kind of just stuck uh More that we're kind of stuck watching the shiny object in the in the room and we're not jumping in Then we're kind of wasting time, right? So this is a question that came in from email just a little earlier here And I do want to go over it. This is I think in relation to the amc trade perhaps From from one of our students here asking I missed my buy-in To try and jump in right before the halt So the stock amc got halted on the way up. I think that's what this trader's referring to So they removed the order as they were worried that it could open with a larger move down I agree. I mean if you didn't jump in let's assume it was amc Let's say you missed out when fowstow jumped in off at 250. This was a surprising halt like I don't know why it got halted because it really didn't move up too much before it got halted at first So a couple down halts actually beforehand Fowstow jumped in at 251 or 252 right there and it got halted like right around this area At 1001 the time it got halted and at 1006 it reopened up So let's say for my trader here that that you know emailed me they Wanted to jump in they missed out on the halt and then they pulled their order because they were worried that it could open With a larger move down that part I can't agree more with um, you know, you need to pull your order in that sense because Hey, it's for that exact thought. What if this keeps dropping off over time? Or what if it gets immediately halted again, but just on the way down so Just follow up just with what they wrote continuing here They wrote then with open they it looked green again So they ended up jumping in with a loose five cent stop loss I think it was so weird. I should I should have not tried to jump in again Just uh live and learn watch for a minute or two instead Well, I'll tell you what, you know for my student that that emailed me this When we look at amc It's a crazy move from yesterday. I'm a big drop yesterday big drop today. It's not a level one stock But this is not a level five. This is not on 20 cent spread ungodly, you know spread thin order book Really, it's very liquid. So I think that it's a great stock for anyone including my trader that messaged me for to uh, you know attempt and try and jump in Now the question is is there a viable level to jump in from? You know if I also jumped in from 250 and it got halted on the way up Well, hey that that thought is gone now, right? Unless it comes back down to 250 again But we know what happens the more times the support level gets nipped and thought at much like we said about resistance, right? So When they took or when they were thinking about this trade, I think they said to me they jumped in It was looking green again. So they jumped in with a loose five cent stop So I don't know the time in which they jumped in on the trade It could have been perhaps here maybe just trying to spike up a little bit maybe But more or less the question is is there a viable level to jump in on this trade from So that's what we're going to answer here Perhaps the easy to say answer in hindsight would be no or even if there is or was one Of course it continued to drop. So really you didn't miss much in terms of an opportunity to make money But was there like a real level? This is after the halt here on amc where the opening print was at 274 So in the event where if there is another bounce, then I would use that as resistance I would use this as resistance too. This was another halt print from one of the the first halts on the way down at 265 So yeah, that definitely would be resistance for the time being But here though, let's just kind of hypothesize here 250 it was your big level. That's where Fausto took his entry off of 250 251 there There really isn't anything that truly sticks out as a breakout level as a cvp level to jump in on Maybe this sticks out ever so slightly when it's still chopping downward a bit You know here at $2.55 this sticks out a little bit So it seems like it held above it here on an under and over That could have been your only entry I think and I was like really forcing that too I was like really trying to look for a level to you know to say that you could have jumped in off of Maybe 255 on on an under and over but If it's not making that better more attractive run that you want that you know it can make amc Is like one of those viral meme stocks. It's you know, you see the wall street bets Retail traders out there all over it. So, you know, there's good liquidity or it could have good liquidity when the timing is right Well, once you jump in and you realize like, all right, this isn't really making that move up towards 265 or up towards 277 As we have here or so, right 274 but you know, you get my drift if it's not really making that bounce then Just honestly take the tiny money or take the break even trade. Don't even hold on for the five cent stop loss Uh, again, we say it all the time here. We said it earlier when a stock is breaking through a big level and you jump in We should be getting that so to say big move shortly after Uh, so if we don't get it, then it's not even worth, you know, holding on for like five cent loss or six cent loss or four cent loss And just take the break even and just damn. All right, didn't go my way. That stinks, but Like even here and we just said before, you know, we were looking for this to try and explode off that six and then Eventually we saw 607 and just now it didn't do it here. So You don't want to be held liable for a larger shake on the way down This is such a choppy trade right now too. So You know, there's a couple of great entries that we could have had even from before when I jumped in with larry But even here this could have been good, but it didn't go Could have been good here, but it didn't go and you don't want to keep trying to like bash your head against the floor You know, it starts to hurt after a little while If this pops up suddenly without me, then this is after now seeing how choppy it's gotten I'm willing to to live without this or I'm willing to live with this running without me You know, if I suddenly stumbled to this trade later on and it's the perfect breakout opportunity and I take it I'll feel happy, but man, this was a mess beforehand if anything So it's not an easy trade here and for that very reason. You don't want to be held Liable for a bigger drop if there's no need to hold on that long Just look at each kd, you know each kd from earlier. This had such a nice run up from before larry this actually worked out in our favor This would have worked out really nicely So I was on my call at larry here just earlier too. I'm seeing coaching calling You know, we were looking for another move and I I saw the hkd pop It was a little after the fact and I told him I said, you know, hey, like we had a couple of big levels that we had from book map Right around 667 This broke out from a little resistance here 660 ish here So the combination of those two pretty funny larry. Look what happened just a moment ago Under over and this thing is still going now So there could always be new opportunity out there as well in the market You don't want to be stuck holding on to a loser if there's no need to right All right, so really quick folks. I have to just sift through my inbox right now There is a question I did want to jump to here in a moment. Oh actually speaking of larry I mean actually answer larry's question. I told him I was going to get this So let me ask us here. Who here is trading or who here is at their desk at a minimum at 8 a.m Eastern time 6 a or 5 a.m. Pacific 7 a.m central Are you at your desk at least by that time? A lot of us saying yes expect at least so Well, I'm sure a lot of us see at 8 o'clock in the morning exactly these crazy Big spikes up and down I mean across a lot of these very active stocks whether they're up or down and very active and trading a lot of volume Does everyone you know see this happen on a day-to-day basis? These big spikes and wicks, you know even after 8 o'clock. There was one here, right? Oh scary, right? Watch I'm gonna go to like all these different trades that we have from today And even look at my sideless stock my favorite Mara Well at 8 o'clock. It's not the biggest one compared to the folk trade button. We'll spike right there, right? Stock like amd 8 o'clock spike Um, what else do we have here? What else? What was another one we have from earlier to? I o and q 8 o'clock spike What is it? Why is it? How do we react? Right, that's what we want to know Well, I shoot straight folks. I'm not going to talk out my ass here I don't have a 100% proven reason For why we see this spike at 8 o'clock my belief my hypothesis is that that is a combination of dark pool prints and elite prints from earlier within the pre-market trading hours So if you see like let's say I o and q once had a big spike It also could have been taken from the previous trading day So as this ended up spiking at 8 o'clock it went as low as like 1446 So perhaps that could include data from the after hours the night before right as that was chopping around that price I don't have a proven 100 answer and I've been here nine years. So trust me if I had when I tell you I don't have a full reason Now how do we react to this at least as far as you know knowing how to how to trade off of it If there's a way to trade off of it what to watch for in that spike Our whole philosophy here is to follow the bid money, right? So what if there's only like two shares that get filled in this whole spike, you know It's just a dumb trader. That's just buying like way above asking price. It's on two shares Well, I don't think that we're following two shares, right? It's a silly example mind you but We're following the big money, right? Well, hey at eight o'clock or after if you look on book map and you see a big spike on the cvp column And it's like because of that eight o'clock move Then that exact price level where we saw that big volume get filled Well, I'll mark that price as a potential level There's a big dot at eight o'clock And it shows a big print on the table right there that that shows that's the level to watch If there was an iceberg order that got filled if there was then you know seem to be said there If there wasn't anything respectable Out of that spike that got filled then I'm not going to focus on it because we see this on an every day basis And rarely do you know it does like the higher low create a big level to watch Let's see if there's anything here even. Um, I guess we'll do the fault trade since that was like the more active stock at eight a.m So book map doesn't show it as often You don't always see those spikes at eight o'clock as frequent on book map They show up every now and then but here at eight the question is more or less Is there a really large spike on cvp? This is basically the eight o'clock move Well, there's you know something here obviously and there's something there at 580 right Looks like it was kind of holding over 580 for quite some time before the eight o'clock move and You know, then it just kind of dropped a bit So I don't really see anything that utterly stands out here from the eight o'clock You know shake that we had here at the time Now there could be examples where you may have that though So I didn't have any off the top of my head that you know We saw some big spike of volume at the eight o'clock move at that point like from from book map rather Maybe if we look at a more larger cap like amd perhaps we could see and we'll find out Oh, here's the here's the spike on book map. Give me a sec All right, so there was something here shows on book map here the the eight o'clock spike here 802 All right, so when we look at this allow me to reformat my heat map here Because these are not big prints that are getting filled. Yeah, that's actually pretty tiny Yeah, there isn't any dot or transaction larger than 10 000 here So none of those circles were really that big when we see this though Well, obviously we have some you know wild spikes drops here Let's do our best to take our eyes off of the actual spike down because it looks intimidating, right? I'm telling you unless if there is big volume filled within that candle I want you to do your best to disregard that spike disregard the wild move up and down here But otherwise is there something I could use? Well again, this is kind of just accounting for this whole chart picture This chart picture is about like 12 or so minutes worth of time You know more like it's like 20 or so minutes worth of time here So across this 20 minutes worth of time. Yeah, this sticks out Was that really from the eight o'clock move though? Does they zoom in really tightly here? Let me ask you look at the cvp column or columns, we'll say Are there what what price has the largest spike on the cvp column? What do you say? Dennis you're saying when I become a member I'll have to force myself to get up at 5 a.m to get into the classes No, not necessarily there Dennis not necessarily You know, we have some students that are early birds and If you're up very early on the west coast, I commend you I really do But if you are able to get at your desk at 6 a.m. I think that you're in a good position You're not going to trade pre-market, you know stocks as much but that's okay You're setting your morning up for the opening bell on the following four or five hours ahead So if you get your to your desk at six, I think that's good. I think that's pretty fair Any leader than six? I think that you're starting to thin yourself out with time to prep so Give yourself an extra hour. Should I there? A lot of us saying 108 a lot of us saying 108 right look at the cvp column right here Now we do see an orange line that stretches across the whole Heat map and that represented an iceberg order at the time or an order at the time I should say and Well, hey at least something got filled there at eight o'clock At least there was a little more that got filled there at 108 from the eight o'clock spike Okay, how did 108 become a big level? Was it a big level? Did it become a clear level to watch? Well when the market opened, of course it dropped You know reversal times around that 10 30 ish 10 15 to 10 30 So this is one of those cases Hey, it was a little choppy slightly not incredibly, but slightly Hey at first it broke under it. It broke back above it Well, once it starts to nip a no attic here coming up There could have been tests where you look to have jumped in perhaps on this candle or this candle And i'm telling you you're likely taking a small loss right away in and out in and out Damn, I want that bigger move shortly after well once it re breaks it just coming up a couple minutes afterwards It stays under it. It makes the better move over time And again if we're focused on around 10 15 to 10 30 looking for that reversal Well, so long as it stays under that 108 that big pre-market level that we just you know looked at Then you're following the cyber clock You want to do your best to follow the cyber clock and at least go until that 10 15 ish? Maybe or maybe even more obviously it reversed around 10 30 or tried to Just broke a new low now. So, you know, hey, that's actually not a bad example there larry You know not always though Are you going to see really any action at that eight o'clock move though like in terms of volume You're going to see some spike, but As easy it is for me to tell you this I hopefully you do your best to just try and block out that noise block out the oh the the lows here or any of that Or the hot that's not what i'm focused on we're following the big money So if it shows on book map big big volume getting filled by all means i'll respect it But otherwise we just move on we just kind of do our best to block it out. Let it be noise All right, so hey folks, we're going to finish up traders talking just a little bit Hey, really quick if you're on social media just scan that qr code if you want to continue this conversation inside our live trading room Get you on a weeklong trial with us here with students like grant john lorence Sam marvitt cathleen just before carol great to see carol is always and barbara and all of us here So, um, let me know if there's any other stocks folks that you'd want me to look at or go over before we finish up here A few more minutes left the hkd trade we left off with it here Name the game is to make higher lows. So it's still kind of holding a higher low technically Not really a clear level though to work off of those support seven bucks it bounced off of there, but For how thin this stock can be we want this to make a stronger break out over time So ideally for this trade now, I would say if it can really make a strong break over 725 here Darker orange line at the time Definitely a lot of big volume and specifically big buying at that if this could rip over 725 I think there's room for another chance But if not then, you know, hey as much as we were harping on this each kd You know this stock back a year ago at our onsite class went from 6 to 2100 Don't believe me Look what happened now it became untradable, of course the more expensive it got so You know, even when this was at like 200 bucks 100 bucks Like none of us were actually like really jumping in on large share side or if anything maybe just one share But you know what it's not at 100 bucks yet. It's not even at 25 bucks yet Not saying it's going to get there but point being right now. It's $7 a share It's definitely well within our price range For right now the spread is somewhat contained. It's tradable for the time being right All right. Well, hey for this stock if it could break over resistance at 725 here Then I think that there's a better case to try and see continuation. That's all If we don't get that big move shortly after breaks above the 725 here coming up if it does Then we got to be careful for that big move down because hey what goes up comes back down the trees fall hard I mean it This was a nasty move on the way down the coming days after so Jason says uh dick sporting goods may be dks. So that was one from the morning session. It was a Nice short at the market open, but hey, you know what? Unlike folk where that was actually up off of good news You know it's trending down going into the open. Well dick sporting goods was down off of bad news What's the trend? Well, it's certainly not up It's not just down percentage wise, but it's trending down, right When the stock's turning down we're seeing more selling pressure, right? What happens if we continue to see more selling pressure? That's essentially what happened on dicks when the market opened up That's essentially what happened on macy's a little after the first 25 or 30 minutes It's popped initially, but then hey same deal happened here where this eventually broke below a big support level I think it was 1365. Let me jump back on level four for that From pre market going into the open. Yes. It was uh 1370 1370 big selling pressure here big selling pressure here Well after the open what happens if it breaks under those levels again Took a little bit wasn't right away for this trade the short on macy's but Once it re broke under 1370 here smooth sailing once it broke under it here again It flipped this into resistance and then dropped more So there are some really good shorts this morning. I'm just across the whole market Dicks macy's I think there's a couple others out there too amd obviously we spoke about All right, so hey folks, let me know if you have any other questions any other trades that you'd want to send over My way, I think I got through them all so for all of our students here certainly more than anyone Private chat me not even email me. I'm going to type my email address here in the chat board But for all of our members here, we teach you this writing class and the first class that you have as being a gold student But if you see the my picture in the chat board You see the three dots to the right of my picture You could select the option to private chat It takes you away from the public main chat here and it's like an instant message box Any questions that you have any trades that you want to go over any follow-ups that you have here Please let me know just private chat me is the easiest most direct way for us to communicate throughout the given day here So let me know otherwise for all of us on on youtube or on social media My email address for you there is right here. I post it one more time josh at c2trading.com But hey, we'll be back later on this afternoon with the afternoon meeting at 2 30 eastern We hope you enjoy it and again scan that qr code on the top left of the stream Just to get you access for a week long trial inside our live trading room Hey for all of us there right now We'll see what's out there heading into like the slower lunch time of the day You know, hopefully we end up getting that continuation on the fork over time Doesn't look so doesn't look like we're getting it now. All right Well, you know, hey, there could be plenty of other trades out there otherwise taking us into the afternoon Maybe nvax again and others. So hey, I'll catch back with everyone this afternoon. Talk to you soon