 show. It's called Thalstow home living. Thalstow home living. Oh, I like it. So basically I'm showing people how to like, what my first video was how to make authentic Italian sauce. So it's just shows everyone how to make it, how to steps, everything. The line of the godfather first just sliced the garlic. You got it. Well, no, no, no, this is how to make like 400 jars. This is how to make like, to make the base. That one's coming out next. How to do, how to take care of chickens. You know, because I got, you know, my house is full of chickens. My wife's going nuts. I got like, I got like, hold on, hold on, hold on, slow down, slow down. I've never heard this before. You have chickens? Yeah. Oh, yeah, absolutely. They're my girls. They're my therapy chickens. So whenever, whenever I'm trading and I'm done, like a during the day, I go out in the back yard, I play with them and we'll then come back and trade. Yeah. And you, the whole pandemic, what are we going to do here? And you're stuck in your house. How many chickens do you have? I have, I have five. I just got another, another five. So I got 10. But let me tell you something, the best eating eggs you've ever had in your life, you like my bagel, you've like the bagels they send you, you're on a diet. Let me tell you something, these have almost 10 times the nutrition value than any egg. It's actually, if you read up on it, it's the actual most healthy food that you can eat in the entire world. I don't know if you ever looked at that. It's incredible. What do you keep getting by in Seattle? I live in the city in Chicago. I don't think, I don't know. I don't know if I don't actually know if we're allowed to have chickens in this. I don't even know. I don't know. I can't, I can't, I couldn't deal with it. You know, I, congratulations is all I can say. If you can pull that off, I'll power to you. I will, I will. I'll say, I'll say, you got to watch it. You got to love it. They're pretty cool. But, but everything has everything going up. Oh, you know what I've got to tell you? It's actually, for everybody here, it's my son's, my son's birthday. He turned 21, okay, today. And the reason I'm bringing this up because he got an internship in Chicago. He goes to Delaware University and he's down there now. You ever heard of this place before? It's at the Loop. You know where the Loop is? Sure. Okay. It's called, this place, JSSI, Jet Support Services. I don't, I don't know them. They got like 500 employees there. It's like a two billion dollar company. So they like ensure like private jets and stuff like that. Oh, he was going to school, be an entrepreneur. Is he working remote? Oh, is it? No, he's coming to the Chicago or working remote. Oh, you are. No, no, no. Is he coming to Chicago? No, he's there. He's there. He's in Chicago. He's in Chicago. So I got, I need to look out for him. Well, when you, when, let me know when you're coming to visit. Well, I got to go see him. My wife's dying. He's after 10 weeks though. So that's a good thing. We're in the West Loop. So when you've come to our office before, we're in the West Loop. So it's just, we're a couple of blocks from where he is. Why they called the loop, by the way? Is it because, is it the way the river is? No, it's the way the trains run. Oh, okay. All right. Well, now I know it's something, I learn something new every day of the game. What else probably do that? Oh, thanks a lot, Lee Dan Grant. So, so, so Tom, so tell me a little about what's going on. You know, we're just, it's been kind of a crazy, I'm back to work. I'm back in the office in the studio now, a couple of days trying to, I'll be in the studio tomorrow. I'm back, you know, on and off a couple of days a week. We've been, you know, we've been really busy just building technology and, and, you know, growing all the products that we offer, like, you know, we're knee deep into, you know, digital assets right now. We're expanding, you know, we just launched, you know, we launched around futures exchange last year. So we just launched the cannabis product yesterday. We're building a bunch of different index products and, and, you know, and all these kind of really cool futures products and digital assets. So we've got, we've got our fingers into as many products and strategies and all this kind of cool new technology. And, you know, same old thing for me. And, and I'm just trying to grow the business. That's my job. You grew the business. I mean, you keep growing it. I thought you just sold it. You keep growing it. That's, that's awesome. I mean, I remember you always told me what else am I going to do, right? So I'm going to do this forever, but I'm, I'm trying to take the tasty message global. And so I'm building out, you know, like, I'm building out a 24 hour network now to go around the clock so we can, we can produce content in Singapore, China, in Japan, all over the world, and nonstop content for active traders who want to participate in virtually any marketplace in the world. So that's really what I want. You know, the bottom line, Falstow, is I want to be the facilitator of opportunity, as they say. Like I want, if you come to, if you open an account with us, I want you to be able to trade anything, anywhere, essentially, and use any strategy, regardless of your account size. So if you have an account with $2,000 or $20 million, I couldn't care less. I just want you to be able to do whatever it is that you want to do strategically. And I don't want to hold you back. And so that's what, that's what our game plan is. Well, remember, listen, I'm still, I'm still available. I'm still open. I'm still, I'm still a free agent. If you need someone at 24 hour spot, you need a day trader needs to talk about that one little spot, you know, I'm always there. Somebody actually also asked me, you know, another, another TV show, I'll let you know about that last time. But, but, but that's where it's at, you know what? And also, it's, believe it or not, like, even like my, even my own students, it's just so much easier too, because sometimes like I always get people that it's hard to see on a computer and they're watching, they like to watch right on TV, just go right to that station and just actually just watch it right there. Just make it easier for them. It's bigger, you know, and people love it that way. I mean, we're on Roku and all those other devices, but I mean, to be fair, I, I love, you know, like financial media has been so bad for so long. I mean, I know it's been biased too. I don't care about the bias part. I don't blame the host for being biased. Here's my problem with What's not biased? I don't think they're really qualified. That's my thing. I don't think they're really, they're not really qualified to be like traders. To me, if there's no such thing as qualification because they're all smart. The problem is that the networks, their bosses don't understand that in order to talk about markets and trading, you have to trade and limit them from trading. So you're listening to people that are focusing on fundamental stuff that's, it's already in an efficient market. It's already been priced in. And what I think is missing from real financial media is traders, is people talking about the things that you can actually do as an individual investor. I don't give a crap about, you know, what's happening somewhere in the world that I can't trade because the macro picture to me is not tradable. It's the very micro picture that's tradable and that's you want to hear people talk about things that they can actually do. And that's why a lot of people like bouncing around and all these financial channels and that are losing their ratings that I've noticed because they keep talking about the same stuff. And it's weird like AMC, let's just talk, because everybody is talking about AMC, right? I've been talking about AMC when it was like $13. I'm watching as a trader, like you bring up, I'm like, well, so there's a lot of trading activity going on. And I'm seeing these big orders getting filled and seeing 700,000 share orders getting filled at $13 at mixed, you know, the things that 20 and people like starting to talk about it when it's at 30, 35, granted went up to 70, you know, and then it backed off. But like, you know, that's the difference between us as being a trader is because you're in the thick of it at that moment of time. And then that's how it just basically comes into fruition. Well, when I look at AMC and I trade a lot of AMC as well. And when I look at AMC, I think the most interesting thing about, you know, all the meme stocks and at first, I discounted, I discounted the validity. And this is to everybody that's on listening right now. At first, I discounted the validity of, you know, of meme stocks in general, just because, you know, listen, I'm trading GameStop when it's, I didn't want to buy it when it's $10. I'm for sure not buying it at 400, you know, I'm saying nothing changes. But what I didn't understand was the cultural phenomenon that was meme stops. And what I didn't understand was the transformational shift in an entire generation, not you, not me, because we're a different generation. But my 28 year old son, your 21 year old son, you know, my, my, my 31 year old daughter, you know, I don't, I don't know how old your other kids are, but, but the, my, but I had the graduation today. Once we're done, my son's born was prom and then I had my six year old side of graduation, two graduations a long week, but, but you're the gent. So your youngest are Gen Z years, you know, minor millennials and the, the, what they're looking for because they have less capital and what they're looking for because they have a, is, is really speculation. And they really don't care about what we considered once as fundamentally appropriate or necessary interest. No, they have no interest. You don't even know what it is. Well, they're all, all they're on is on Reddit and they, they, they make these great emojis and like, which is fine, which, which I've come now to accept as reality. At first I blew it off as, as ridiculous. I have now come to accept it as an important transformational period in, in we're witnessing something right now, which is an entire generation. I'm not saying that it's going to be long-term successful or good. But what I am saying is that we're engaging a generation like your son and like my son and my daughter into finance before they get old. And that's really cool. And that's another reason why digital assets are so popular today. It's another reason why kids think about digitization and tokenization and, and blockchain and things that we, you know, until it's listed products, we really don't think about it that much. And it's something that fascinates me personally. So I'm excited by, so, so I look at AMC and I think about it, okay, well, here's a, you know, wherever close today, $60 stock or whatever it was. And, and I think about it, okay, I know this stock is ridiculous at $60, but I, but I'm still going to trade it because at 200% volatility, okay, it's one of the most interesting stocks on the board, period. It is, it is. And, you know, it's funny, I have a 12 year old, my nephew, he's trading, he traded doji. You know what I mean? Like, and he made money, he made a fortune on the kid made more money and they just, they just love the action. They just love the action. It's all about high volatility and speculation and they've learned that. And I think it's great because I was really worried about that generation. And I was worried about them and that they were going to be so risk averse. And they actually turned out to be not risk averse, which I think is cool. And yeah, I mean, things like Dogecoin, I get it. And, you know, we offer 13, well, when we, when we have time as this, as this webinar goes on, when we get into some specifics, I'll show you, you know, some of the things that you can do on, on Tasty that you can't do on other platforms. And one of them is trade, trade cash crypto currencies, like today, you know, when they sold off Bitcoin, Ethereum, Litecoin this morning, Polkadot, you know, I was buying digital assets. They all came back. There's a huge rally in those. Yeah, they rallied, they rallied, they were sell, they sold off 10% of the morning, they rallied back 10% in the afternoon closed unchanged. But you know, a really fascinating day in the cryptos, and you're talking about, you know, 130% volatility. When we go through all the stocks that we trade, you know, outside of the meme stocks, nothing has over 100% volatility right now. So the reason people are trading this, and I think it gets really lost in the sauce and really confusing to, to a lot of people that are, you know, just listening to us talk, they're not trading it because all of a sudden they think, oh my god, you know, this is crypto mania or this is going to be the, you know, the next, the second coming type thing, they're trading it because volatility exceeds 130, 140%. And it's fascinating to them. It's an interesting risk reward. That's all it is. Yeah. Well, do you feel like, I don't know, I mean, you know, you're the guru when it comes to the options been doing, he worked on a flood, do you feel, because this is what I think, I feel like somebody found a niche to see what's going on in the option market and knowing all these shorts that's making these stocks rally, like what's happening, people are shorting it and all these stocks and all of a sudden what you're having, it's not that. And I feel like they're covering their short in the option market. They got all these shorts that came in an option and like, holy crap, the stocks go up and they're trying to cover and exposing a chain reaction. I do not think that, I mean, listen, I could be wrong. I don't think that's the case. I think people are flocking to the option marketplace because stocks are really expensive. And if you're a kid, not even a kid, you're a Gen Z or you're a millennial, whatever, you're one of our kids or anybody else. And you want to trade GameStop, for example, it's a $230 stock, which means you need $23,000, you need $23,000 to trade 100 shares, 100 shares, you know, fully without borrowing any money. And so a lot of these kids have cash accounts, they can't afford to do it. They don't want to do, they don't want to do odd lots or, you know, fractional shares and stuff like that. So instead, you buy a call spread for 200 bucks. And all of a sudden you can afford it or you buy an out of the money option, you know, for $800. And so you can afford, you can't afford the $23,000, but you can afford to buy, you know, $1,000 worth of calls or puts or spreads. And that's why options are capital efficient. They're strategic and they're capital efficient. That's what makes them interesting. And that's why people flock to them, not because there's a tell in there. But as more people are buying that option at those price levels and they're getting there, once you feel that's what's costing the short-sleeved, you're like, I mean, I think that that what that does is so if you're a market making firm, so for example, if I'm a high frequency market making firm, and I see a ton of buying in out of money options in, let's say, GameStop or AMC or something, I am going to want to get ahead of it, because I know that I'm going to be facilitating orders. Like my whole job as a as a market making firm is just that whatever you want to do, I have to do the other side. And if all we see is buy orders, buy orders, buy orders, buy orders, we'll go out and buy a bunch of stock. And then so we have some, so we have options to sell you, right? That's all it is. So you're trying to get ahead of that the crazy amount of buy pressure. But that's also risky for the prop firms. They don't like to do that. That's risky for them. That's not their business. Well, because also they get expensive too. And that that's just making that that's also getting nervous too. Yeah, well, it makes them nervous to leg. They're not in the business of legging. They're in the business of scale. Yeah, exactly. Now, regarding about a couple of things, what's going on, you know, with the market, with everything going on, I mean, I don't know about you, but the market was up like 600 points, down 600, it came back, it's flat, like, I don't know about you, but with all the inflation that's going on, where is the markets going to go? And by the end of the year? Yeah, I want to make a quick mention too. While Falstow and I talk, because I don't, I'm not looking at the the chat window. I mean, because I love just having these conversations with you. But we have a couple of people on in the support room, just so you know, to answer any questions in real time, live, they can answer anything. So Elizabeth's on, Chris is on, Scott's on. So they're happy. I think Britt's on. So anybody will answer any question in real time right now from our Tasty Works trade desk. So you and I can just go back and forth. So the whole team is on over there. So if anybody wants to ask any questions in real time, like, you know, you have any questions for about Tasty Trader Tasty Works, they'll answer them for you. We won't, we can't answer questions about Falstow's group, but that you guys can go directly to him for that. And I'm also broadcasting live on our YouTube channel. So if you want to jump on to the chat box, that's so you can get your question answered. Just go to just go to the closingbelllive.com and you can register and go and get right in there. So answer your question specifically. So I did a study. I had our research team do a study. And on one, so that move on Friday, we were down 63 handles in the S&Ps, and then we're back up 63 handles. And then today we're up another 25 in the S&Ps. That's a one and a half standard deviation move. And so, and I can show you in a few seconds on the software what that means. But a one and a half standard deviation move, the number of times that it happens in general, a one and a half standard deviation move, just so you know this, is about 11% of the time. Theoretically, if you're looking at a theoretical model, it should happen about 14% of the time. But in actual times in the market happens about 11% of the time. That's 7% up and 7% down. So Friday was down one and a half standard deviation, 7% of the time will happen. And then, and then approximately 7% of the time up. But the actual number comes closer to 11, about five and a five in here. Now, the number of times, this is really interesting, Falstow, the number of times where you have back to back down up, one and a half standard deviation moves like we had on Friday and Monday, only happens just over 1% of the time, just a little under 2% between one and 2% of the time. So it's a very rare occurrence, you know, of only like two times a year, you'll see something like that in the markets, regardless of the year. So it's a very, you know, it just doesn't happen that often. Now, that was the first part of your question. Second part of your question was about, you know, all of the inflationary things that are going on, you know, everybody all of a sudden waking up and recognizing inflation. And in response, you've seen, you know, sharply lower gold, you've seen lower cryptos, and you've seen higher bond yields, and you've seen higher US dollar prices. And when I look at all, and obviously in the soybeans getting soybeans and all the other commodities along those lines and softs getting whacked, what's interesting about that is I'm a free market efficient kind of market theorist. I don't look at inflation numbers and say, Hey, you know what, this is something that that I think the market's going to take a long time to digest. I think if you looked at what happened last week, I think they overreacted, I think the market overreacted on the Fed News last Wednesday, and then tried to reverse themselves on Thursday, reverse themselves again on Friday, reverse themselves again on Monday, and had a little follow through today. There is absolutely no rhyme or reason for that tape action. Other than it's a lot of speculation, try to do the exact opposite of what everybody thought was going to happen. Yeah, listen, I think everyone just has their finger like one foot in the door, one foot out the door. Yeah, you're exactly right. Exactly right. That's basically what it is. It's not like we've never seen it before, which gets me nervous though because everyone's freaking out in a way that I look at it, they're looking at it like anything is scaring them. I mean, look what's happened today, Apple cryptocurrency, when China came out made that announcement. Everyone's got that one foot out the door, and then boom, they realize what's has been and jump back into it. I'm different than a lot of other people with respect to markets and how I treat things. I'm not, I don't look at fundamental analysis or, you know, I don't look at fundamental or tech. I don't need to know why that's what we get along. I'm saying that thing. And I'm strictly like you in the sense that we are kind of pure, I'm a pure contrarian tape reader. Now, some people are like, you know, they like a little more of trends than me or whatever, I don't care. But I like to watch what's going on and make my decisions about the market. And all my trades are based on implied volatility, which is another word for expected move and a measure of fear. But I don't care. Like when I saw that news on China, I'm like, okay, well, hopefully they're down because it'll be an opportunity. And that's what it was. I mean, I don't, that stuff gets, that stuff used to take days to get absorbed. Now it takes a matter of seconds. Yeah, I know. I know. You just, right away, you look at it and you see everybody's go, that's pretty cool. But tell, but show me the platform. Show me what we were talking about, what you want to say earlier. Well, I wanted to tell people about, and I'm gonna, let me just put this up here. So on Tasty, there is on Tasty Works, which is, Tasty trades our network and Tasty Works is our trading app. And this is the Tasty Works app. Well, we have, we are the only major firm in America right now that offers cash crypto built into the platform. So what you'll see here in a second, it'll pop up, just takes a little bit longer on Zoom. But in the Tasty crypto world, let's pull in some underlines here, Bitcoin. Let's see, I'm gonna bring up Pax Gold. And I'm gonna bring up just so you can see a couple of things. I'm gonna bring up Ether. And I just want to show you a couple of things here, because I think this is interesting. So there is no other retail trading platform. I shouldn't say there's no other. Robinhood offers cash crypto as well as Tasty. But Robinhood doesn't offer futures. So we offer futures and cash crypto. But our offering is unique in the sense that we only charge 1% commissions to trade cash crypto. And we cap you at $10. So whereas, like on Robinhood, if you bought a full Bitcoin, you'd pay $300 in commissions, we charge you $10. So it's really inexpensive to trade crypto on Tasty. And let's say, so this is Bitcoin right here. This is just a day chart. It doesn't mean anything. But if I wanted to buy, you could buy as little as $100. And it's open 24 hours a day, seven days a week. I just bought $100. And if I say, you know what, I want to buy 400 more. That's how simple it is. You just go and it's done. Oh, you can't see. Hold on. What's going on? Hold on one second. I'm sorry. I thought we were sharing. Go to the bottom where it says share screen time. Got it. Got it. Got it. Got it. My bad. My bad. My bad. How's that? Yeah, there we go. Beautiful. Okay. So I'm so sorry about that. I thought you set it up and like it's fine. Yeah. So the nice thing about, one of the nice things about Tasty, like I mentioned before, is that we are a little bit different than any other retail platform out there. We have a cap to missions, but on top of that, this column here is, this is our crypto page. It's called Tasty Crypto. And if I wanted to buy $500 worth of Bitcoin, that's all you have to do. And you don't have to worry about keys or wallets or transferring any money. It's all done on the back end. It's all embedded in the platform. And that's Bitcoin. If I wanted to trade Ethereum over here, and let's just say I wanted to buy $500 worth, and you could buy as little as $1. And you could buy as much as $100,000. It doesn't make a difference. Let's say I wanted to buy $500 worth of Ether. Just click. Here's my fill over here. Here's a chart of Ether right here. Here's my Bitcoin position here. And this one in the middle is physical gold. This is what we call Pax Gold. This is tokenized gold, 24 hours a day, seven days a week. So customers on this platform can trade all the time. And in the cash markets, this is physical gold. So let's say I wanted to buy $500 worth of physical gold. I just click on it, double click, boom. Are you actually buying stuff? Yeah, there's no, we don't have any paper trading. It's all real. All right, because I want everybody to know that this is like, you know, you just don't like $2,000 worth of stuff for you. No, no, I just bought a couple thousand dollars worth of stuff. Let's see, $500,000 worth of tokens, $1,000 in Bitcoin, $500 in Ethereum and $500 in Pax Gold. And then if you wanted to go to something else, we offer all these. So like, for example, if I wanted to switch to Polkadot, you just click on this. And these are all on various blockchains. The only crypto asset we don't currently, well, we don't support Dogecoin because it's not a different blockchain. And we don't support Cardano yet. But we're going to be adding Cardano because I know a lot of people are fascinated by Cardano and the founder of Cardano and all this other stuff. So we're going to be adding Cardano. But if I wanted to buy $500 worth of Polkadot, which is another crypto done and filled. And the beauty of the platform, again, is that if I wanted to go over here, and I just want to show you this, this is a watch list. These are the mini, the micro futures from the CME. And this is the only platform where I can go trade cryptocurrencies. And then if I want to, I can turn around. Okay. And just to show you here, I can enter this order. Let me just bump up the price a little bit. I'm going to enter an order to sell a future, a micro future, which is the equivalent of one tenth the size of Bitcoin, which is $3,500 worth of Bitcoin. And then that's my offer right there. See it's 55 bid at 95. I'm not filled yet. So I'll replace this order. I'll go down a couple of ticks. Boom, boom, boom. I'll see if I, you know, I'll leave it in. So it's my offer now. Somebody raised their bid a little bit. I lowered my offer. Now I'm filled. So I just traded $3,500 worth from the short side using the CME futures. Tastyworks is the only platform that allows you to trade cash crypto and the futures marketplace all at the same time. Then I can go over just as an example, Falstow, because the stock markets are closed right now, the aftermarket's open, but the stock market's closed. And if I wanted to trade just as a, like a micro, an e-mini right now, and just sell them at 20, 29, boom. I just sold an S&P mini, which is the equivalent of $200,000 worth of stock. Now if I wanted to go back, and I'm doing all this just to show everybody, we are the facilitators of opportunity, which means we give you, you know, I talked about this on the opening when we, when Falstow and I started, we give you the access to all the marketplace and let you do things we don't have, we let anybody do whatever they want to do with whatever capital they have. There's nobody else like that. We don't care what strategy you trade. We don't care what underlying you trade. So now if I went out and said, hey, you know what, I'm going to hedge that digital asset position I just bought. So I'm going to buy $3,000 worth of Bitcoin, boom. So now I sold the future, bought $3,000 worth of Bitcoin. That's just a, I locked it in. It's just a straight hedge, but offset the ones we bought before. And then I also sold an S&P and I also bought some physical gold and I also bought some polka dot and some Ethereum. Now I know I went really fast. You sure did? I'm awesome. I'll try to keep up with it. But what I want to show you is because the markets right now, the cash markets, meaning the stock market is closed. The post markets open right now, but there's no earnings trades today to really talk about. We talked about AMC before just to give you a little show here. So- One quick question. Could you trade this? Do you have an app where you can trade on the phone on this? Oh, god, yeah. Yeah, in fact- So people are asking you that. So I think that's what everybody wants. We have a beautiful phone app in Android and iOS. We have a brand new iPad app that's being released this summer. And we are going to be introducing our second iPhone apps. You're going to have two choices. We're going to be the only firm in the world with two completely independent iPhone apps that you can use. And let's say, for example, you mentioned before, AMC. So let's say you wanted to trade AMC after hours. So I'll just put in, I'll just buy 100 shares. This is an example. Anybody can trade after hours. So I'll buy 100 shares with the offer. See, I just bought 100 shares of AMC. That's a real trade. I just want to show you how fast this platform is because it's built on high-frequency technology. If I right-click on this and- Great to buy. What price did you get it at? Would people see what you were? I think 21. And I'm going to sell it right now at 18. I'm going to lose three cents, $3. Don't do that. The stock's going higher. I'm just doing it to show you how you can do anything you want on the platform. You got a 2800 share buyer out there at that. Actually, well, I got filled at 20 and 18. So you cost me $2.00. And stock trading is free. But what I wanted to show you on here is, and this is really the key, is the beauty of this platform is, A, it's high-frequency. So which means it's the only retail platform in the world that's built on high-frequency middleware. So it's lightning fast. And everything we just showed is real. I just traded stock. I just traded digital assets. And I just traded futures. The reason I showed you those three, well, those markers, the only ones open right now. But also, stock goes to an ECN. The digital assets go to a market-making firm. And like a digital asset exchange. And the futures go to the CME. And they're all covered by different regulatory bodies. And you don't have to do a single thing. Like, there's some platforms where you have to move money over and you have to get permission to do everything. Everything on Tasty is just, it's all included under the works. Because a lot of those platforms are not really a traceable platform. They're just old. Like, you have to transfer money from one to like, if you're on a Schwab platform, you have to transfer money from one account to another. And then you can trade only in this and blah, blah, blah, blah. It's so archaic and their legacy, they have legacy limitations and all this other stuff. And it's not, you know, what we do is, again, we facilitate opportunity. So whatever you want to do. So I scratched some AMC. I went along some digital assets and I sold, you know, an S&P future. Because I think maybe they'll go a little bit lower tonight. If they're going to go higher tomorrow, they'll go lower tonight. Just let everybody know, too, we're actually going to be teaching a crypto class on your platform for everybody to know. Because, I mean, we get people all the time. I mean, we got Josh in our trading room. He's a great crypto trader. And what is it? You can trade Falstow as little as $1 on the platform. And so, I mean, only reason I'm telling you that is because if you're teaching a class, you can do as small as you want. So there's virtually no risk when you're teaching. The only bad thing about crypto is that there's no options yet allowed in the U.S. It's a regulatory thing. So hopefully, there will be options on the cash market and options on crypto sometime soon. We have our own futures exchange. These, I'll show you right here, just because I want to make this really clear. When I say our own, we share it with anybody can use it. But when we go to hang on one second, futures right here. So we are the largest shareholder of what we call the small exchange. And on the small exchange, these are our futures products. And so, and again, we just launched a cannabis product yesterday. So we have eight futures now. And we also own the only cannabis future. So you can trade like it's like an ETF. It has 21 cannabis stocks. So here, let me show you. So if you trade, I don't know if you trade cannabis stocks at all. No, it's just mainly just the stocks in. Oh, yeah, I did. Of course, the cannabis. Which one? So we offer this one here. It's the symbol is forward slash 420. And it is a cannabis index. It has 21 stocks in it. The largest stock I think makes up about a little over 4%. It has a 95% correlation with a cannabis ETF MJ. And it is, this is the first cannabis future. And it trades markets during the day are only about one or two cents wide. And simple as hell to trade. And it only costs $200 in capital to trade it to control just about $1,200 of cannabis. You know, you brought up a great point regarding about people who get, I think also if you want to understand what's just so easy on your platform is that they feel like, we talked about this last time. We always preach as traders, buy less, trade more. You know, and like you're saying like $200. People like, how do you make money making trade to make $200? That's not the point traders. You have to remember that if you don't trade, you're never going to learn. This is rumor they say, I mean it's a rumor, but they say it takes 1,000 trade before you learn how to trade. You know what I mean? And if you sit there trading like, well, you know, we jump in and start trading 1,000 share lots and start throwing 20,000, 50,000 idea, you can go out of business in a week. So the rule of thumb in the general rule of thumb, as far as, you know, like I'm not necessarily a believer in 10,000 hours. I mean, you know, when I, when I first got in this business, and here we'll just do this so we can put a winning trade on while we're all talking, we'll buy back our future. There you go. So you made a point and a half. So when I first started trading, it would take us on the trading floor. It would take us probably on the short end about a year to train someone on the long end, some kids took two or three years before they started turning profits on the trading floor. It was just really hard. In the retail business, I think it just depends on the number of trades you make. I don't know if 1,000 is the number, but we believe in the trade, small trade often, but not for the reason you think, not for just learning. There is a very close correlation between what we call law of large numbers. And the law of large numbers is, if you're doing things that you think have a strong statistical chance of success, like, let me just give an example here. Like the future trade that's made was not a trade that had a high probability of success. It was a 50-50 shop. But if I went out, just as an example, to July 16th, and I sold an out-of-the-money call in the S&P options, let's just say I sold the 4,400 calls, which are 200 points out of the money. If I sold these calls, which is, I'm not saying it's a good sale or a bad sale. I'm not saying markets going down or anything like that. What it is is an incredibly high probability of success. To the extent it's a 9, with a delta of 6, it is a 95% probability of success. It doesn't mean that it has a theoretical advantage. It doesn't mean that this is an overpriced option or that I'm picking somebody off. It's perfect. It's priced absolutely perfectly. But what it does mean is it has a 95% chance of success. Now, in order for that to work, you can't do it just once. You have to do it a lot of times. And if you do it a lot of times, that number is out. That's the law of large numbers. So basically, you're saying like, because people say, which are percentage winning towards losses? And the goal is is that you're not going to make a lot, but the whole idea is with small low profits, you'll make that salary you're trying to make. But you've got to trade because I always feel like sometimes I make this mistake too. I'm guilty of sometimes. Sometimes I like something so much and I go very heavy at it. And I'll trade a lot of shares and I get shaken out. And I'm like, damn it. Why do I sell it? Because I own too much of it. But if I own less than it, I probably wrote it and made just as much than trying to make the short scalp on it. And then trying to load it by little. My philosophy is two-fold. I've been doing this a long time and I've been talking to, I spent the last 21 years of my life dealing with retail investors like you have. Since you and I have known each other, it's probably we're going on 20 years now. Oh, 20 years, of course. And we have both been in different sides of the retail marketplace. But my philosophy is fairly simple. I believe that in order to give individuals the best opportunity to be successful, you have to create a situation for them where there is a statistical, where there's a high statistical chance of them having more winners than losers. Now, that is very different from making money. I'm not for one second saying that I've solved the problem of how to make money because I haven't. And I've had years before where I've made money on 75% of my trades, but I didn't make any money for the year. So, I mean, it's very possible to make money on 75% of your trades and not make money overall. For me, that would not happen with Falstom. The way you trade, it's harder to make money on 75% of the trades because you don't have that same statistical chance. But if you do make money on 75% of trades, you're going to make money. If I make money on 75% of trades, sometimes I don't make money. But my philosophy is that if you want to teach people to be successful at trading, and or at least I shouldn't say teach, engage, that I like to create an environment where they win more times than they lose. And I think people learn how to be successful from winning, and that's all there is. Well, and then my whole philosophy, I try to tell everyone losing money is always a good thing because you know why you did it, and I'm going to do it again. And that's really what comes down to it. And winning is a bad thing because you don't know how you did it. How are you going to continue to do that again? The biggest issue I always kind of teach my traders is I tell them, everybody's talked about, oh, look how much money I made, look how great I am, this and that. I tell them, this is what I kind of read. I don't teach people how to make money. I teach them how to stop losing. If you teach people how to stop losing money, then the winners just take care of themselves. And like you said, the only way you do that is you have to be engaged and be a part of it. I have people that lose money all the time, and they still love what they do. They know they're going to get it eventually. You know what I mean? The goal is if you're not losing it and getting yourself in a bad situation, then eventually you're going to get it. And you're going to do this the rest of your life. That's why I look at it. It's your money. It's your retirement. It's your IRA. I mean, you can't live off the money that you built in your retirement. You've got to grow it. And that's, I think, why people make that mistake. That's also one of the reasons why when you started the conversation off today and you started talking about all these young kids and our kids getting impolved in different forms of trading, the reason it's so important is because when you get bitten by the bug, you never give it up ever. You're never going to be given up. Like, I mean, we both started in our early 20s. We've never been able to give it up for a day. I never turn back. I never turn back. I've been, you have people like they asked me. Like, I remember I saw Kramer with a long time ago. I did a presentation and he was one of the speakers there and I told him, like, that was a day trader. And it was like, I don't know, it was like maybe like 70 years ago. And he goes, how long have you been doing it? I said, back since 94. He's like, you're still in the game? They're like, why would he be out of the game? He's like, you survived the financial crisis, the dot com crisis. I'm like, why shouldn't I not? I wasn't, I wasn't that stupid enough to hold those positions. You know what I mean? You know, that's what that's where it came down. He's like, so, you know, if you're doing it this long, you know, the goal is just make it slow and steady. You know, that's what you got to try to teach here. We need like the younger generation, you know, you don't want them to blow up their accounts because that's, that's like the issue that, you know, you don't want to get them to involve because you don't want to make this like a casino, like it's gambling. No, no, not at all. So we talked a little bit about, I don't know how much, hopefully we have a little bit of time left, but we talked before about AMC. So what I did, Fausto, is I brought up AMC up here. Okay. And stock closed today at 58, and it's trading just a couple of pennies lower in the, in the aftermarket. It's trading at 5830, oh, actually it's unchanged. 5835, it closed at 5827. But what I wanted to show you about Tasty Platform is on the platform, so where it's highlighted here in purple, that's the earnings date, August 5th. But above that is the implied volatility of 246%. When Fausto and I started the conversation earlier, we mentioned why the meme stocks are so popular. The reason why, why meme stocks are popular at 250% on a $50 stock, just think about this for a second. At 100% volatility, the stock can go from, let's just say 50 to 100. At 200% volatility, this is just what volatility means at 100%. It means it doubles, it can either go to zero or double at 100%. At 200% volatility, it can only go to zero on the downside, right? That's all you can lose, but to the upside, it can go up to, if it's a $58 stock, it can go to 120 and then up to 180. But it's a 250% volatility almost in here, see 246. So then you have to take, that's basically another 30 bucks. So what this stock is essentially saying is it's $58 based on pure theoretical numbers. And this is why it's a meme stock. This is why people love to trade, especially an entire generation. It means it can go from 60, we're 58 to zero, or from 58 to 210. So when you look at that from a podod standpoint, you're thinking, well, I played poker, and if the pot's three times what I can lose, I'm going to stay in on an average hand. Well, it's the same thing for AMC. The reason people play the upside in here is because based on implied volatility at 250%, it's either going to go, it can go, I shouldn't say either going to. But 70% of the time, it has a chance of testing those outer limits. And so it can go anywhere from zero to 210. That's what's interesting. Now, if you look over here, 24 days to go to the July expiration, because your second part of the question was, what do the options mean? Well, the expected move, we show it right here, it's just under $29. So it's 28.85 by July expiration, which is July 16. So when you open up these options just under $30 from $58, you can then kind of work a little bit of a trade, which means we're probably going to stay under 80, 70% of the time. And on the downside, we're probably going to stay over 30. Let's go down to 30. They're pretty far away. What are those costs? What? What is the cost to buy those? Well, to buy the calls, $30 out of the money costs $9. To buy the puts, $30 out of the money costs $1.50. That's what we call call skew. That's how the option pricing smile or smirk is set up. But that's really called call skew. The calls are five or six times more expensive than the puts. Equidistant out of the money. I'm sorry, did I do the 80s? I meant to do the 90s. Sorry, sorry, sorry, 90s. Right there, $7. So you have five times. That's $30 on both sides. What's cool about this is not only do we show that, but it also lets you set up certain trades so you have a reasonable idea. That means based on fair and efficient markets, and this is a stock with fair and efficient markets because it traded 169 million shares today. That is as efficient as you can get. That means that 68% of the time, these numbers are accurate, or let's say 70% of the time, these numbers are accurate. With that kind of context, you can decide how you want to play the stock. That's what's so interesting to make. I wonder what it was when GameStop went from like 40 to 800, what that number was. The implied volatility at that time got up to over 500%. It was insane. But the implied volatility in AMC on the first rally up got up to almost 400%. And now it's come down to 250%. You can never rest easy with AMC positions on, or GameStop, or anything else. I mean, there's still a lot of risk in there, but you get paid for taking that risk. I mean, just think of this. 24 days to go, you can sell calls outside of the expected range, and you're collecting $7.50. You can sell the straddle for $9, I'm sorry, the straddle for $9 outside of the expected move. Those are really reasonable risk reward numbers for most traders. If you want to take risk, I mean, we show you right here, if you sold this straddle, the pop, which is the probability of profit of making money on this trade, is 87%. 87%. So that's a real number, and the probability of making 50% of this max profit. Is 81%. That means there's real numbers in there that are interesting to people. So if you did this, for example, just one time, put the quantity here, one time. You did this one time, and you sold this particular spread, the $90.30. This is just bid-bid, but it's a little higher than $620, but let's just say it's $620. The chance of making $300 on this spread by putting up $3,000 is 85%. That's half of it. That's 50% of max profit. Now just think about those numbers per second. So 87% probably making one penny at expiration. 85% probability of making $300, half of this number on a buying power reduction of $3,300, which is you're making $300 on a $3,300, which is a 10% return for 24 days with an 85% probability of profit. Those are statistically perfect numbers, but you've got to do it a lot of times to make sure that that number comes through. But those numbers are not some statistical anomaly. That's what's attractive about this underlying. Well, we'll see what happens in 24 days from now. Listen, I'm just throwing it out there as context, but that's how we like to trade and set up trades. Well, listen, everyone's got the link there I mean, everybody should do the demo or get the platform, try it out. I mean, listen, I always tell everybody, you could see how great Tom explains it, how it works on his platform. And this thing is like, what, 17 years in advance over the Thinkorswim platform? Well, we built Thinkorswim in 1999. We finished it in 2000. We built this in 2017. And it's the same design team, same developers. 17 years more advanced. Yeah, I mean, it's just way newer technology, way easier to use, way less bloated, way faster. And supports more products because we're independent again. Now, we got about like five more minutes before we're going to end up and move on. Because once again, I have a recap and then I don't know if anyone has any questions. Yeah. You can answer it. Anyone have it. So I know that we had the staff of Tasty Works answering questions in there. But we could have probably got about five minutes. Anyone have any specific questions to Tom? No, Tom, it's time. I think it has a question. Sounds great. The most of my trades with Thinkorswim platform expect for my ES trades, which I do with ETS futures. Say that one more time. Did you see what the guy wrote? No, no, I can't see the chat room. Oh, he says, sounds great. Do most of my trades with Thinkorswim platform accept for my ES trades, which I do with ETS futures? I don't know who that is. Okay. All right, that's that one. I mean, obviously, I know Thinkorswim because we built it. I don't know ETS futures. Sorry. I don't know them. How does Thinkorswim already for stock trading so I am signed up already? Oh, that's Lynette. That's what she has. Show us how you stock platform, please, and how to place an entry. I guess once I put a stock trade. Oh, real simple. So if you want to trade any stock, any stock, you just either click on the watch list or you see AMC here at the top. You just click on the bid to sell and the offer to buy. So if I wanted to buy, just click on the offer. That's it. And then you hit review and send. Everything's on one page. Everything's right in front of you. A chart, a little tiny charts up here. Your positions here, all your fills in your order book are here. And we also have lots of different looks. I mean, we have a table mode, which you're looking at now. We have a curve mode. So you can see everything inside of a distribution curve. We have a grid mode in case you want to trade off charts. We have a crypto mode and a pairs mode. And we also have an active trader mode. So you can choose any one of those various looks. We have all these different interfaces. And if you wanted to see if you're a technician and you wanted to see charting package, here's AMC. We also have another charting package called Tasty Charts. And you can type, I don't have anything typed in here, but you can type in any underlying that you want. And so everything is right in front of you all the time. This is the table mode, but to buy or sell stock, you just, you have a default quantity. You can change it higher or lower. And if I wanted to route this order, you just double click here and there's the order set up for tomorrow morning. And if you want to cancel it, just hit cancel order. Boom, everything is done right in front of you. There's no other screens to pop up. There's no extra windows. There's nothing. It's the cleanest, fastest platform ever built. And you know how we design stuff. One of the questions that came up before us and one person says, how long did it take? I mean, I don't know if this is a dumb question or not. But how long did it take to learn this platform? Um, well, it depends on how you can help somebody. I mean, I probably look at it like, what's the kind of support you have? What platform do you say? It depends what platform you're on now. Most people can learn this platform in about, I would say somewhere between 15 minutes and 20 minutes if you're on another, you know, platform. But at the most an hour and all the little nuances, maybe two hours. I know what I was telling everybody. Well, learn the platform pretty quickly. Buy a stock and see what happens. Make a trade. Just do trade. And you see how fast you learn. So like, we're gonna come, oh, oh, there it is. Okay, so now I know what this does and I know what that does. It's one of the fastest growing platforms in the world. So it doesn't, it doesn't take very long. I get this question all the time and we keep just asking in the trading room. I know it's driving me probably crazy. When you come to Canada. We have been working on it. We just launched, we just, we had to build our own clearing firm in Canada. So we partnered with Apex. We are building Apex Canada right now because nobody would clear us. And as soon as, as soon as Apex gets licensed, we just put Apex is going to Canada. Yes, be for us. And for you. Yeah, but we are, we're driving the process. We just hired a new CEO in Canada. As soon as they get licensed, which should hopefully be soon, we'll be live in Canada. We're ready to go. Now I have one question for you because we brought this up and it's actually been really important for us. Then we're pretty much going to end it this way because I know you got to go on. I got my son's graduation and we get yelled at from my wife. You're in big trouble, but just tell your son what I told my kids. You're supposed to graduate in high school. He's better. Well, there's no choice. I'm going to graduate regardless now. But my question I asked you is like, you brought this up and which is very important to me and I know we were debating a little about it. You said they're going to, they're talking about getting rid of the day trading rule. We have been trying to get them. When the pandemic hit, they stopped working on getting rid of it, but Scott has been, who's the CEO of Tasty Works, has been leading the charge. Every major firm is working with us to work with FINRA to get rid of the pattern day trading rule. We've been working on it for two years. We're going to get it done. We haven't got it done yet, but we're going to get it done. We are the lead firm fighting to get rid of it. It's the most ridiculous rule in the world and we are going to get rid of it. It's such a stupid rule. It was a dumb rule and I think that would help out everybody in the market. Listen, thanks for coming. Thanks for coming here again. I look forward to talking to you again. Everyone, by the way, is being reported. You can go back and review it. If you're on, once again, YouTube, it's also going to be on YouTube channel. And then I'm going to come back in about two, three minutes. We'll talk about a recap. We'll talk a little about what happened today in the market, what I saw as a day trade. But Tom, thank you so much. And I'll let you know I'm coming to town because I know I got her something to see my son. And he's really excited. He loves Chicago, by the way. He said, I told him, it's such a beautiful city. It's just nice. You know the rules, Fausta. You don't come empty-handed. You bring that bakery box and you better be full. With the black and white. So for the big black and white, I get people still look. I saw that video with the big black and white cookie. You were really shocked. They're like, what the hell is this? What the hell is this guy? I had to carry that thing in the airport and it was almost got robbed from every single police officer. So what the hell he got in there? They're like, where's ours? You're not going anywhere. You know? They wanted to test it. Thanks, everybody. Thanks so much. And I'll see you the best. Thank you, man. Thanks. Thanks a lot, guys. And thanks, everyone, for Tasty Works for being here and answering everybody's questions. Guys, don't go anywhere. We'll be back in about two, three minutes. So we'll pick up from there. All right, guys. I'm just going to get everything up and loaded and we'll get started. I don't want to take too much time for everybody. Just give me a second here. Which brings Powerpoint over here so you guys can see it okay and we'll get started. All right. Can everybody see my Powerpoint okay? Just let me know if everybody can see it. Just give me a chat back. All right, good, good, good, good. So anyway, I'd like to thank Tom for being here from Tasty Trade and Tasty Works and they both the same. Don't forget to use that promotion code, the one that we gave you in the room because we are going to be doing a crypto class on the Tasty Works platform. So don't forget, click on that. You'll get discounts on the courses that we're going to be teaching, how to trade crypto on that platform. Remember, the most important thing you have to learn is you have to learn before you can earn when it comes in today's trading. So what I'm going to do is I want to talk a little bit about why do you want to trade, how to make money in today's market. I want to talk a little bit about some of the tools that we do and how we use and you can use some of those tools towards the Tasty Works. And all of this adding a couple of little bells and whistles to it to kind of tweak it. Now obviously Tom Sosloff is more of an absolute trader. He's an aggressive floor trader like I was as being a market maker if you're trading on the Nasdaq market. And believe it or not, not that much really has changed on what we use from the old days and to today. The only thing that has changed, which Tom mentioned earlier, is just technology got better. Technology got better just like he brought the Thinkorswim platform. How Thinkorswim, you know, and he built Tasty Works since it's only 17 years of new technology. You know what I mean? But the way the trade is being done, the way they're being executed, and the difference is this one drives me crazy. We used to pay, like even as a traditional day trader when I started back 20 years ago, 25 years ago, I was paying $20 a ticket, 20 in, 20 out, playing fractions. Now you guys are getting it for free. Okay, for nothing. And you know what? I used to pay maybe $1,000, $2,000 literally a day in ticket charges. I mean, I was dumping a quarter of a million dollars in ticket charges. Now I can imagine if I had all that money today. But teach you a little bit more of the strategy on what we're doing here is as a day trader, which all of you know, and which everyone, I'm going to invite you if you're not a student yet, or you want to do a trial at Cybertrade University, don't go anywhere because in the next 15 minutes, I'm going to show you how to come in and join our trading room. But what we do here is we basically are tape rears. Okay? I am in the business of looking for traders. I could train how to trade today's markets, how to go out there, how to find these big, big orders, the big block, big money orders, the big orders, the big buyers, the big sellers to know where they are. And it's not about these fake orders that everyone talks about. There's no such thing with fake order. They're all real. But today, I want to bring up a stock that we looked at, a stock called ALF. By the way, did anyone trade the stock ALF? Did anybody trade ALF? You want? Oh, sorry. Jerry wants the link forward. Tasty work. So yeah, that's the promotion to get into that class that we're going to be dealing with them on the crypto also. But did anybody trade ALF? ALF was a great stock. Beautiful, right? It was on Friday. Let me get my little crayon here so you guys can see what we're doing over here. Over here. So let me get my pointer so you guys can follow along. There we go. That's my pointer. So ALF, this is what day traders are all about. 9.30 in the morning, the stock goes from $6 all the way to $7 and you can see here right at the end of the day goes $6.50 to $8.50. Now, the difference between if you're looking how the options work versus how we day trade or just trade stocks, stocks are just pretty much black and white. There's no strategies. It's like, oh, what is your strategy? These people doing all these different ways, trading Greeks, trading butterflies, whatever it is. But we just basically just follow the money and you don't have to make a lot of money to trade. And you don't have to trade a lot to make it very successful. You don't have to trade a lot of shares to make it very successful. With this stock, if you bought 1,000 shares of it at, let's say, $6.50, a $6,500 investment, stock goes to $7, you made $500. You do that every day. Would you make $500? $100,000 a year salary. That's why people like this. Tuesday, look what happened to ALF. See, being a good day trader also makes you a very good swing trader. ALF, look what happened. We're from $8 all the way up to $14. Now, we just bring something up here so you guys can see a little bit better. When ALF finished today, look at that. That's today's chart. Stock went from literally in after hours as high as $17. Think about it, $8 to $17. What is that? That's literally almost 120% move right there in one day. Could you imagine what the options probably look on that? You see, a lot of people want to trade options too, and I know that some of you might think options are a little difficult and you tried it and you like all the probabilities that Tom was talking about, but let me just put my spin on it. If you know what stock's moving, then you'll know what option to trade. As much as he was to bring up AMC, AMC, AMC, well, guess what? There are a lot of other stocks out there. Imagine AMC that was trading today at 50 and went to 100. Well, guess what? AMC didn't today, but ALF did that. So that's what we look at as day traders. We don't care what we trade. We just want to make money. By the way, is anybody here subscribed to my Twitter and watch me? I know we're broadcasting live on YouTube, but did anybody here subscribe to my Twitter? I'll have my staff posted in there, but right here, look at this. 9.19 in the morning, actually, we actually found it early this morning. Look at the first stock on the list, ALF. Now, plug another big winner, and that team moved up pretty nice. Now, obviously, not all of them did really well, but that was the morning watch list. That was the morning watch list. Click on that. Subscribe to us. And by the way, guys, if you're watching YouTube, Facebook Live, make sure you like us and friend us, and subscribe to our channel. Share us. Do yourself everybody else a favor. There are too many of you people losing money in today's markets. You got to know how to play the game, but look at this stock. This is something that we found early in the morning and look where it made its big move. How did we know how to find it? That's what everyone keeps asking, like, Fausta, how did you know this stock was going higher? What made you different than everybody else? Why is everybody else talking about it right now? Well, exactly why I buy and sell a stock is for this. It's not because of news or indicators or a market indicator. You heard Tom also talking about it, too. We're not fundamentalists. That market has changed. Like, we were talking about the younger generation. I was talking about my 12-year-old trading dogecoin. Okay? You think he knows how to read a Fibonacci? You think he knows how to read a MACD? You think he knows how to read a candlestick? Okay? The big thing that they're learning, what everybody wants to know, why 90% of people fail, is they're not following the orders. Now, I just want to talk about something really quick before I get to that registration. Does anyone here know what level three is? Anybody have level three? Actually, you know what? I'm going to do a poll because I do have it up. Let me just do a poll. How about that? That'd be more fun. You guys involved, engaged. Let me share a poll. There you go. All right. Everybody see a little poll on their right? Just click on yes, no, maybe. I don't know. Let's see how you guys answer this. All right. So as you guys are answering this pop quiz, what you're looking at is something that is showing you 20 times more data than level two, and it's also showing you 100 times more data than level one. See, when you look at a stock, and I'll tell you what level one is, basically, you look at the buyers and sellers, right? You see like the stock is trading like, what's the trading at? I'll bring up this one here. Hold on. Let me bring up level two. So here's level two. I'm just going to make a quarter of level two. Okay. So here you have ALF, right? Stocks trading at $16.60 and $16.63, right? That's the bid and offer. But the question is, what about people buying it at $16.54? What about people buying it at $12? What about people buying at $10? Are there other people out there? How many shares they're buying? You see, you're only seeing 100 shares. They might be 100,000 shares, just two cents, three cents away, and you're not seeing it. So if you haven't watched my video, one of the videos I want to bring up here really quick, let me just go to Cybertree University's website and say something. Let's go right here. We're going to actually play it in the second, ctu.co. And right here, there's a video right here. And right on NASDAQ, I was actually broadcasting, I was a regular guest on NASDAQ talking about NASDAQ overview. Now NASDAQ, I say it's all the time. They don't need Fausto. They don't need Cybertree. We're saying they're NASDAQ for crying out loud. What does Fausto have to offer that NASDAQ really needs me beyond there? Well, they love when I did a presentation because they saw me talking about their number one platform, an ECN, using their NASDAQ total view. If you haven't gotten it yet, it only costs $15. Why would you not want something that I paid $1,000 25 years ago that's costing you $15 where it's going to show you all the orders? You have to understand everybody. You don't need to go out there and think like, oh, this is free. That's free. That's free. Listen, you've got to pay for something. You've got to pay for something. So NASDAQ level three is going to tell you exactly where the orders are. Like example, here's PLTR. You see all the stock right here? Let me get my pointer again. So here you have the stock go from 28 all the way down to 2750. And you see how on 2450, I'm sorry. You see how it stopped right there and went right back to 26? Why did it stop? What is the philosophy about Cybertrain University? Well, our philosophy when we teach you is if you went to and looked at the NASDAQ floor of the exchange, which is the NASDAQ total view, you'll see that there is 58,000 chairs out there looking to be bought at $24.50. Now, listen, you've got 100-chair buyers, 300-chair buyers. What drives stocks up and down? It's not support and resistance. It's buyers and sellers. You know, everybody talks about support and resistance. How could you have a support level if you don't have the buyers? How could you have resistance levels if you don't have the sellers? Here's Wish. Stock goes from $10 all the way up to about 12. Stop at 12, comes right back down to, you know, 11. Why? Well, did you see the 24,000-chair seller? Did you see the 61,000-chair seller? It's all about following the money. That's what I was trained to be a stock trader. It's pretty much just black and white. Now, by the way, how many of you here would like to see this live in the market? How many of you here would basically like to go out there and see how to trade and know why these stocks go up and go down? Well, don't go anywhere. I'm going to tell you in the next few minutes. Okay, but I just want to kind of make you realize it's about when you're trading, you have to follow orders. Here, like example, CLOV, one of the stocks that we traded today. Stock went from 1480 and went all the way down to 1370. What is the trend? Down, duh, right? But this is the question you have to ask yourself. What is going to make the stock go up? Can anybody answer that question? What do we need for this stock to go up? So don't question. If you can't answer this question, you should quit trading. What do we need, everybody? Thank you. Thank you, Amish, Paul, Raymond. Well, you'll need orders. You need buyers. You need buyers. Do you see buyers on a chart? No. Do you see buyers on the Fibonacci? No. Do you see buyers on a 200-moving average? No. Are you seeing buyers on TV? No. You need the data. And guess what? When we look over here at NASDAQ Book Viewer, when we work our way down, we look at the buyers column, and we're going to look for some substantial buyers. And right there, as we work our way down, 1373, 1336, oh, 58,000 shares looking to be bought at 1360. That's a lot of shares when everyone else is showing only want to buy 100, 300, 5,000. I mean, that's a lot. Nothing compared to 56,000. And what do you think would happen with CLOV when they hit that price? It ran from 1360 right up to $16, like that. Now, when you think of it like, holy crap, that's a big pot. How is that even possible? Because stocks go up like you mentioned earlier, buyers and sellers. And if you're not watching the big buyers and the big sellers, you're pretty much trading blind. I mean, just give you money to somebody else. Why would you not want this data? This is why I love teaching people how to make money because I'm sick and tired of seeing people lose money. Let's look at space. Let me ask everybody this question. Space, the final frontier. Go watch Star Drive, who always comes to my mind. But space is that Virginia, that Virgin Air American Airlines that's going out of space from all the billionaires. But where would you think resistance levels would be on space? SPCE. Can everybody answer this question? Think about it. Where do you think resistance levels? Remember, resistance levels, if you need a little help, it's going to be on the sell side. Where do you think resistance levels would be? Wait for some answers. Paul, congratulations. You are wrong. Fixing his order. Silver, you're right. Raymond, you're right. Well, almost. Fellow traders, you got two big orders out there, 25,219,000 shares. You do the math. How much do you think 200,000 shares of a $36 stock comes out to be? It's a hell of a lot more money than you have. It's almost $10 million. But when you look at the chart, you're like, oh, look at this trend, breaking higher highs, a lot of green candlesticks. This thing is going back up to where it was at 60. Everything there is making it look like, and I'm not even adding any indicators. I slapped a couple of indicators on there. You're really going to be drooling like a dog. Everything there says it's going higher. But what it doesn't tell you, the big order out there. And by the way, Jerry, pendants, double tops, triple bottoms, I don't deal with stuff like that. I don't care about. What I care about is one thing. As I know, which most of the people don't know, that there's a big seller at $36.20. And guess what happened when they hit that price? Came right back down to $34.40, like that. You just blew up your account. Is that what you want? Think about this for a second. How many times have you bought a stock? And as soon as you bought it, the stock goes down. And as soon as you sell it, it goes up. You know why that happens? You know why that happened? It's not that they're watching you. You're not watching them. And let me tell you, when I first saw that stuff, I was like, wow, now I know why people lose money in trading. Why would nobody want to know how to play the game the right way? You can't beat these people. You just got to follow them. Look at ALF. Let's go back to ALF that we talked about, right? Look at that thing. It went from $8,000 to $14,000, $70,000. Okay. I didn't even talk about level four yet, which I show you this in the live trading room. But look at these orders. Guys got executed, executed, executed, executed. This stock, to me, was a short squeeze. Ever heard of it? Love them. One of our favorite at Cybertrain University. Let's go back to ATOS. I don't know, look at this red line. This guy's been out there for, I don't know, 7.30, 8 o'clock, 8.30, 9.30, 200,000 shares. You think I want to own a stock with a 200,000 share seller out there? Yeah. How did that work out? Stock went all the way to 6.80, like it should have, and came right back down to 6.20. How did I know that? Do I have some crystal ball? No, I just followed the money. I follow the big orders. Did I confuse anybody? Anyone get lost? I always like to ask everybody. Let's look at Wish. Stock big seller out here, 300,000 shares. Look at that red line. Do you think people knew that there was a 300,000 share seller when it got to 13? Sure enough, it sat there from 11 all the way to about 11.30, kept testing it. 360,000 shares. Stick, I added to it. There's even more. Wait a minute. What I just told you was the opposite. What just happened? Look at the green ball. You see that volume? Some guy bought it. Yeah. You know what? By the way, that could happen. And when that happened, it ran from 13,000 to 14,000. This is called a short squeeze. Now you got almost 800,000 shares sold at 14,000. Somebody's getting squeezed here. And you know what? Eventually the squeeze happened. Bounced off it and came right back down to 13,000. All right? This is what trading is all about. What we teach you is not the past. We teach you the future. And if you're able to see what's out there in the future, you probably wouldn't step in those areas without getting yourself in trouble. Okay, so the thing is, you want to go out there and use indicators? Listen, what the hell is this anyway? MACD, Molojudan, RSIs, and Gaskets? I mean, I don't need to tell me that their support level is at 15. I can't even read all this Nancy talk. I mean, I know it makes sense because some smart mathematician came up with it, but by the time you figure it out, it's too late. Technical analysis paralysis. That's what we call it. I'm a tape reader. You've heard from Tom. He's a tape reader. We were floor traders. We know how to react at the moment, not to predict the future. If you notice I asked Tom, Tom, what do you think the market is going to be? And by the end of the year, he wouldn't even answer the question because traders, anything can happen. You can go up, you can go down, you can go anywhere. You can stay flat here. I don't know. But at the moment, I can tell you what's going to happen at the moment by seeing those orders out there now, not two or three months from now. And you don't have to trade too hard to make a very successful career out of it. I mean, look at the stock. Did you really need the stock go from 18 to 15? Hell, if you just made 50 cents on it, 500 bucks, you could be done for the day. And by the way, they're there every day. They're there every day. Now, I know some of you guys are watching people on YouTube and they're bragging. I get alerts from some of these other people bragging, oh, I made $24,000 today, 10,000. I lost $3,000. First of all, do yourself a favor, stay away from people like that. Do you see how Tom Sastoff was showing you, hey, I'm going to buy $500 worth? I'm going to buy a 300. You don't got to make a lot of money. It's all being consistent. For anyone to go out there and if they say it's true and they didn't make $24,000, that means you've got to lose $50,000. You think you're going to be in the league to sit there and trade with somebody that can up and down that much money in one day? I know I can't. I know and I'm not. I never will be. I'm too conservative. But I know that if you could be consistent, it's not very hard to make a six-figure salary in trading. And that's just in one hour. That's why Cybertrad University has been endorsed and featured on some of the biggest brokerage firms in the industry. By the way, another thing to teach everybody a valuable lesson. You want to know if you're dealing with a reputable company? Make sure you check the Beta Business Bureau, which we have a AAA rating. Make sure you check their Google rating but there's always some people that can put some competitors out there. But we have five-star rating. And most importantly, make sure they're endorsed by brokerage firms. Because if they're not, listen, they know these brokerage firms, they have an educated client. They own you. You'll be their trader forever. People blow up their accounts too quickly. So another good thing. And obviously, we've been around for so long that we've been featured and endorsed by every one of them. So anyway, this is what I'm looking to do. Does everybody want us? I want to show you all of you the stuff live in my trading room. And not only that, but I don't want you to look at me. And I don't want you to judge me by my winners. I want you to judge me by my losers. I want you to see the live audio broadcast. I want you to see our traders, how we work together like a team. Everybody wants to see how it works. Here's your opportunity. We show you how to follow the big orders. And we're broadcasting live all day. We start at 7.30 in the morning and we run all the way to the close. With live audio commentary, with morning meetings, scanners, iceberg orders, everything. You're going to get all this stuff. And all I'm asking is for one thing. I want you to prove to me that you say you are because we're not going to let everybody in this room. We're going to ask for $9, okay? It's nothing, $9. This is what you're going to get for $9. You're going to get the cyber group live trading room. You're going to get three daily market meetings. You're going to get a morning and afternoon watch list, your old personal education advisor. You're going to get alerts. I know everybody loves alerts. You're going to get alerts. You're going to get $100 recordings. And if you're not happy, I'll give you $9 money back guarantee. This is basically an application fee that we're going to accept so you say who you say you are. And as a bonus, at a $500 value, I will actually do a coaching class for the first 20 people that register right now. And the reason for that is you need questions to be answered. And I can't answer 100, 200 people that are in here right now. So, but you know what? You make an investment, you call my trading room. Most of your questions will be answered. And if they're all being answered, we'll go out there, we'll talk on the phone, and then we'll make a decision if trading is for you or not. What do you have to lose? You have everything to gain. You like trading. You're sick and tired of losing or not trusting people are out there. Well, here's your opportunity to do it. Now I have about two or three minutes left because I got to run. My phone is banging. People at the door, I got to get to my son's prom. So does anyone have any questions? $9, that's all it is. $9 one week in the trading room. Live commentary, you get a free coaching class for me. What more would you want? If you're doing something that's not working and you still like trading, maybe this is maybe be nice for a little change. All right. Thank you very much, Ramian. I appreciate it. I listen. We love speaking. We love teaching everybody, but we also like making money too. We're traders. So as much as we do this on our off time, at the end of the day, we're old. We still got to go to work and make money and pay the bills, right? So, but I'm always recruiting new traders I'm always looking for new traders I can mentor and that can be part of my group that I could trade because so I teach my traders so well that when I'm done with you you're going to teach other people. There are a lot of schools out there when you come in my trading room and I'm not going to say what their names are. You'll figure it out on your own when you take, when you come in here. But a lot of my students run very successful schools and I'm going to teach you how to teach your kids. That's the purpose of it. Options that I need for Tom, I specifically just trade stocks. The crypto class Mark, if you register for the $9 trial send us an email. We do a little crypto trading in the room, but we're going to do a class coming up in the next few weeks and we'll tell you a little bit more about that when it comes up. But as of right now, crypto stocks, options, you should learn a little bit about everything so you know when I talk about it. Listen, the two biggest things I talk about on TV is the stock market and the cryptocurrency market. That's what's really what's hot right now. So learn those and then everything else will make, obviously make a lot more sense. Well, Don listen, you don't have to take our class and worry about you can't put a brokerage account with tasting work. You can still do what you do with your own brokerage room back home. You still got to learn how to trade regardless, right? So it's not like you can learn this on your own and watch a couple of YouTube videos. All right, just a couple of quick announcements. Because I see people setting a register right here. It's going to do a couple of pullouts. Let me see what I got here. Lani from Oregon, I just got your registration. Welcome aboard. Thank you very much. Lisa from California, you got your registration. Welcome aboard. Who else we got here? Randall got your registration. There you go from Georgia. Cummings, Georgia. Thank you very much. We thought when it's seeing you in there, Roger Storm. You're not related to the original lobbyist, are you? From Gregory, was that Missouri? Thank you very much. And I see there's still more coming in. By the way, very important. Please fill out that questionnaire. There's a questionnaire that comes right after. Tell us your experience of trading, who you traded with. Very important that we know that because you're all going to be able to talk to an education advisor. And the way you're going to get consulted, and you're going to see we're very big when it comes to customer service. Huge, okay? We take this class very, very seriously. Click on those links. Make sure you fill out to your best year knowledge. You can't just write NA. Because you want to make sure what you do when you're getting yourself involved in something that's going to work. Listen, trading somebody like Tom told you, if you listen carefully, sometimes it took almost a year to train people. Now, it's not going to take you a year, but I'm telling you one thing. You'll know if you want to do this after one day. In one day, you'll learn how it works. All right, guys. So let me go. Thank you so much for listening. This is being recorded. Just make sure you like us and friend us if you're on YouTube and Facebook Live. And you can also come and join us through the trial. Don't forget to click on that other link that we gave you in TastyWorks to get that promo when we do a class with them on the cryptocurrency. So you guys can work on that. But guys, be safe. I look happy to teach all of you. And listen, thanks for watching. See you soon. Welcome to Nasdaq Trade Talks. I'm Jill Melendrino, global market reporter at Nasdaq. Joining me at the market site in Times Square, New York City. We have Fausto Puglisi, he's the founder and president of Cyber Trading University. We're going to take a look at how traders are using TotalView and Fausto. It could not be a better time to have you in with us at Marketplace because with everything going on, the volatility we've seen in the market since you were with us in the middle of February last time. That was pretty crazy. Traders are asking themselves, what's the bottom? What's the top? But as a day trader, you can kind of get an inside look when you're looking at a single stock. What is Jill is that, thanks for having me again. And yes, when it comes to day trading, people realize that what happens over the course of the day which trickles down to a swing trade and to a long-term investment. And my phone's been blowing up, people could ask me, Fausto, is this the bottom? Is this the bottom? Because I'm looking at the market all day. And honestly, this is how you really know it's the bottom. When you have the worst of the worst of the worst news and just constantly all negative stuff and the market's not going any lower, that's when you know it's time to buy. So as you see, like a lot of bad news keeps coming up and then obviously you saw what happened yesterday when they lowered the Fed rate by a half. It took for a big decline and all of a sudden the market's up almost like 900 points so far. So, and there's still a lot of bad news coming out with the coronavirus and everything else but that's really when you know when you hit the bottom. So for some of the listeners out there that really were missed a vote when the market had a big rally, you almost hit 30,000. You know, these are the opportunities. You know, honestly, it is like the same thing I saw back in 2008 when we had the financial crisis. So once you start seeing all the bad news, things start backing up, start going up. All right, let's take a look at our example here today. We're going to look at ticker symbol MRNA, now it's like listed of course. What are we looking at? Where's the levels that you're looking to sell? Okay, so listen, what is MRNA? You know, I keep bringing up stocks. So people are like, what is this company? It doesn't matter, we're just here to make money. The main goal about TotalView and you have to understand how it works, how to know where the buyers and sellers are. It's all about supply and demand. That's why it's such a great tool. So we're looking at a chart right here and we're looking at the stock right here and the first thing people notice is like the stock's going up beautifully. Nice, look at the stock. It started this morning, it's at 2580, it's at 28, is it going higher? Now the goal is, why does the stock keep breaking out? It hits a resistance, it comes back down. It breaks the previous resistance, keeps going up. How do you know it's going to keep breaking higher highs? And what we're going to do this time is we're going to bring a video so you all can see exactly what it's like to see in the real market conditions. All right, so let's move along to our next slide here. That's exactly what we're doing. Let's take a look at TotalView. I'm going to let you take the reins. Tell us what's happening here. Okay, so we've got like a little minute video here. So we're looking at some real time and the key here is time and sales. These are the transactions that are taking place. We're looking at level two. Level two is basically people get for free but it doesn't give you the depth of data as TotalView does. Now the key here is that you see, you don't see that many sellers out there, you're just seeing the best bid and best offer of that exchange but you'll notice how the stock keeps going higher. What we need to focus on is the way you see the big sellers and you're looking for big orders. You've got a 51 different orders out there right around 20, 28, things are going so quickly, I try to slow it down. So right around 28, 50. So that is really your resistance level. So when you're looking at a stock going out, going higher, you're going to say, is the stock going to break out? So you see it's coming up to this guy right here really quickly. You see it's coming up. It's coming up to this person right here. So it's 70,000 shares, 5,000 shares. So it's going to come to that seller. Now the goal is this, is that guy going to get executed? Remember, you have 100 share sellers, 300 shares, 1,000. You have a big order out there. You want to see if that guy gets executed and you want to see if that's how it breaks out. Remember, what makes support resistance levels is buyers and sellers. So you've got a seller out there. So we're coming up to that seller right here. Now the goal is, is to look right here and see if that seller gets executed. And you see it's coming up to the seller and boom, the guy gets taken out. It's actually executing it. Boom, boom, boom, boom, boom, boom, look at that. See all those trades and actions? It took the guy out and I look how fast the stock goes up. From 250, we're at 260, 270, 280, boom, like that, as quickly as that. That's why it's so important to know where the orders are, know where the resistance and see if the guy gets taken out. Now when we get to the next slide, look at it, we're already at 2880. Yep, and you can see these trades, see these 35,000 orders. Which is, exactly. Now this is the next order. Now the next question is, here's the next biggest resistance. There's a 33,000 shares. There's 100 different orders out there. Now then that's where the next resistance level is. So the goal is, you hit a resistance, where's the next resistance? The next resistance is the next biggest seller. So now we're coming up to him and we're going to see what's going to happen when he gets to 29. Yeah, it happens so fast. Well, also, this is about a five minute video that I was able to capture when we traded this stock and it kind of speeded it up over about a minute. So it doesn't move as quickly. Boom, we hit 29. The guy got taken out again and look at the stock just took off again. And the thing I want to explain to you, Jill, is that when you listeners have to understand, is that when you have a big seller out there and that guy gets taken out, that is a very big demand. Someone says, oh wow, I'll take that 30,000 shares and that's why you get the stock that really, really starts to take off. Now the next thing is that you're going to get some resistance levels. People, it's going to start backing off. There's always profit taking going on, right? Of course. So when you have profit taking going on, you could see profit taking going on, but the question is, is it really a profit taking or is it just people just, or is it really going to go lower? In this case, it's not. Seller got done. Remember, we just watched the stock go from 28 to 29. Now look at it. We're at 2950 already. Stock keeps going higher and higher because those sellers are getting executed. As those sellers get executed, that means there's a demand for it. When you see big block orders out there, it makes a bigger demand and that makes it higher. Now the next resistance level obviously is going to be where we have to focus on where the next biggest orders are. So we've got some, we've reached, right? We're done. Nope, we have a little bit more to go here. We slow down over here. Yep, we're done. So the next video we're going to show... Yeah, we have to go to our slide here. So this is where you're looking at those levels. Right. So we look at the seller. So we have a 67,000 share seller at 28. So now we have to look what's what's what we call iceberg orders. What does that mean? Okay. So it's a funny story. So I came up with this word about 20 years ago after watching the movie, The Titanic. Okay. I should go watch that movie. Very sad movie. I definitely am recommended. So anyway, what happened to Titanic? It hit an iceberg. And the thing is, everybody was focused on the pretty of the ship and above the water. They didn't realize it's not what's above the what's at the bottom of the water. Icebergs are really big. So what happened, it crashed and it sunk. So what we're looking for is big iceberg orders, which we call... Some people call them big block orders, but when you see a big, big order, it's called an iceberg order. So now we're looking at a 28, 90, and we're looking for a resistance. Once again, stock's going higher. We need to focus on the next resistance level. All right. And which is on the next chart here, particular. Yep. So here's just a quick little screenshot. So as we're looking at a... You see, it's a lot easier when you're focusing on, when you're just looking at the level of the total view. And it's easy to point it out. Now, please keep in mind, you'll listen to have to understand we're fast-forwarding this pretty quickly to get to the point. It doesn't move this quickly. But I'm showing right here is the quick screenshot. What we're focusing on is this big order right here for 73,000 chairs. And there's 30, there's 315 different orders out there, making up that 73,000. Now, the thing I just want to point out is, I was going to teach everyone a quick little lesson. Yeah. Don't ever sell anything at $13, $30. Go out of $29.99. You just cut the line by... So that's for anything that's like an even number. Biggest trip, biggest, biggest trick I was told by my mentors when I was younger. Listen, everybody's going to think $30. Everybody's going to think $20. Go out $21.99. You just cut the line by 73,000 chairs. So it's a very good lesson. It's like selling a house or buying a house. It's like those incremental psychological levels. Well, if you remember, if you look at it, the stock has a penny intervals. Mm-hmm. So that's a little tip. But the thing is, let's focus what happens to the 30. You know, just right off the bat, and you know that's a major resistance levels. And that's what we have to focus on. That's... For this to stock to go any higher, it's got to get through that 73,000-chair seller on total view. All right. Well, let's take a look at that. Next slide. See if it happens next. Now we're going to get the other piece of the trade. Okay. So here we're... Now we're looking at the stock moving. Here's 29.45, 29.48, 62, 67. So the sellers are getting executed. You can see the transaction is taking place. But we know that there's that guy sitting right here. And now his order is coming up. Look, as he's starting to make up the ranking, it's getting up to 30. It's getting close to him. So let's watch what happens. 74, 70. Look at the transaction is taking place. It's trying to get there. And by the way, those orders, they're all real. People think like they're fake. Those are real orders. Can a guy cancel it? Of course they can cancel it. But that you have to take very seriously, and that's a real order out there. So now as we're looking at it, and as it's trading, it's trying to get there. Actually, it kind of almost tested it. You see that right there? Yeah. See that candle right there? It's hit it, and now it's starting to back awfully. Now you're starting to see the red candlesticks. So now that means that the last sale is lower than the previous... And this works for all kinds of stocks, ETFs. Would it work for ETFs also? ETFs, futures, it works the same way. Remember, it's the movement of stock that makes all those other things. ETFs and everything else. You could look up any ETF, and it'll come up on total view. Look, now we're down to 29. So my point that I'm getting to is this. If you didn't have a game plan, Jill, and didn't know that that seller was out there, and you try to like... And actually, if you go to the next slide, this is exactly what you were talking about. There's your level right there. If you didn't have a game plan and knew that seller was out there, and look at that candle. That stock literally moved. Look how fast it moved in that one bar chart. If you didn't have a game plan to get out there before that guy was out there, and if you didn't, what we call shaving, if you didn't shave just before that 30 and cut that line, guess what? You would just look how much money you would have lost. That stock didn't even drop from 30. Look where it went to. 2730, you would have got crushed on that trade. Because what happens, if that seller's out there and he's not getting executed, he really had to sell that order, Jill. How is he going to get out? He's got to sell to the buyers. If he hits the bid, he's lowering that stock down, not you and I. Remember, we're not trading 74,000. Someone else is, and it's not one person. We saw it. It was like there were several people out there doing it. And that's how you got to focus on using the total view when you trade in today's volatile markets. All right. It's so cool to actually watch it happen in real time. Thanks so much for doing that for us, Valso. And thank you for joining me on Trade Talks. I'm Jill Malantrino, Global Market to Porter at NASDAQ.