 Alright guys, let's get started. Good morning everybody. Happy July 26th. How's everybody doing this morning? Beautiful beautiful guys. I am so excited today. I Woke up this morning and so many great things are happening. I mean look at today is Thursday hump day Which is there's a lot of action going on obviously, you know first thing that we're gonna It's gonna affect all of us. We're gonna check out is how awesome is this short on on Facebook? Oh my god, and you know what? Looking at this thing. It was a screaming short And you know a lot of you got in here a little bit early in this morning You know you could have got the short into it. Listen the thing about the about the Facebook short everyone's talking about it I mean listen, we saw the writing on the wall was happening what Facebook was doing, but this is where options Are the best thing to do You know, I'm not a big fan of options because why if you can't afford the stock Then you can't if you can't afford to trade But there are certain times when you be like, you know what I don't want to type But it's not even that you don't want to type the buying power You know you always focus on being a professional day trader first because that's what tells you what's going on with the market and And then when you look at a stock like Facebook and you say, you know what see what's going on You know, I there's a lot of there's a lot of scrutiny going on what they're doing I don't know. You know what? Let me do a leap trade Let me do a year trade and you know it's not gonna probably cost me that much and boom if you look at the options today Dude, you guys are killing it. You know now You could have done a day trade option also, which I know you could done a day trade option But most importantly you could have shorted it right in the market And it's doing great now what I'm looking at right here. I'm just gonna bring up a long-term chart I'm gonna look at yesterday So a lot of it happened, you know right after hours, okay, and we all sort you know how it happened Stock got I mean look at that, you know It's great about this is I want you guys to learn the most valuable lesson that you have to pull out and Learn from what's going on with Facebook is that you always hear people's get you know say well, you know They're not real companies first. I don't know what the hell that means You know when you deal with stocks under ten twenty dollars five dollars people think you can't make any money with it Or really has this working out for you, you know remember VRX? So sometimes people think you got to spend a lot of money and you're like oh these are real companies Well, listen, you don't think the stock can go to zero listen. I saw it. I saw it happen with GE I saw it not GE but like General Motors You know a lot of the banking stocks all of them now obviously stock gonna go to zero But listen, I saw Netflix. We saw Netflix go. I saw Netflix at 200 goal it down to 40 dollars, you know, so You know ignorance is is blessed Ken Well, that's why you always have to remember don't trust nothing, okay? Don't trust nothing, you know, this is your money. You work very hard for it and here you got it But anyway, I wanted to talk about Facebook really quick and just say listen There is a major support levels you could see here from yesterday after hours I mean this thing was trading going to to seven eight o'clock at night So you got some support levels right around here, which it looks like it wants to break it if it breaks It's made support levels, which is where it's holding right now. It's gonna drop all the way down to here I mean, it's gonna it's gonna go probably all the way down to this, you know buck 65 Which it hit yesterday made a big bounce back, but look at all I mean you got a lot of buyers out here Remember focus on the matrix But listen, I'll be honest with you guys. There's a lot better stocks to trade. Okay, so it's gonna be a fun Indicator, you know, I was looking at some of the other social network stocks like snapchat Really didn't Make that much of an impact. I mean it did come down a little bit I looked at the Twitter. I mean Twitter was a lot of fun yesterday. We did pretty well on that Twitter Trade but you're not really affecting it too much So it's in it's in this league itself, but listen, I don't know I mean I don't trust these other of the social networks and you got to be very careful because Listen, everyone always likes to copy the leader. All right, and you know, I don't know what they're doing themselves But if something goes on, you know could affect those stocks with Facebook, you know Listen, if you guys are out there wherever owns it, you better focus at that 165 yesterday That was a huge major support levels. It breaks that See ya. All right. Anyway, a lot better stocks air the trade and let's talk about the biggest one right now George just said George just made 40 cents on the stock that I just told you this morning You know in pre-market. Let's give him a round of applause All right, so anyway that stock right there guys, you know We were trading this stock going all of all of last this week in our advanced class So what was that big winner the WAX? Let's check out that baby Beautiful stuff. Look at that chart. You tell me you want to trade stock like that to 20 and went to 430 Look where it is now 464 80 with this stock Let me tell you for all your students out there or potential students You better go back and watch the recording of the phase 3 class I just did this stock was the one of the easiest stocks that will teach you Everything about high-frequency trading. We saw a big block orders I mean, I it was almost like are they are they like really kidding me? Are they really like going out there and showing you what they're doing? but this stock we saw this color from 260 and You know and it just thing just kept going and kept going now look at it I mean almost a double up a hundred percent since since the beginning of the event of phase 3. So anyway Stock is right back on the on the books, you know, but everyone like I said Ken Tom or congratulating, you know George making 40 cents just in pre-market just in pre-market, which is great I mean, I'm just excited about that 40 cents thousand shares 400 bucks $100,000 a year salary who wants it doesn't want that one and he basically probably enjoy the rest of the day off When it comes down to that anyway that one also, but there's a lot of stocks Like I told you I from the beginning of the week to the end of the week. So guys don't get too over, you know Focused on this Facebook trade because there are a lot of the ones are gonna make your money out there that we could trade First another one on the watch list is put this one that I found Taop up 19% 100,000 shares stock the stock took a really big hit You could see here on the long-term chart a lot of iceberg orders out there on the right-hand side So you got good volume in it. You got everything you need that looks pretty good Qualcomm Okay, Qualcomm another stock gap. They're pretty big stock's been around for a while brand name stock I thought Qualcomm was more money than that. I know stock took such a big hit But Qualcomm gap it up really really nicely guys testing some resistance levels a little bit more of a brand name You could see it's got a resistance levels right here at at 63.95 due to that big order out there remember 70% of the orders are done by those high-frequency trades You better follow the money right AMD another one not only has been a good day trade. It's now becoming a very good swing trade We've been watching stock at $10 from April stock is up pretty big You know had a little bit of a little market maker shake right there in the month of you know Of June and July starting to break out of that major resistance It breaks this high guys the stock can really go up to races But once again another brand name stock, which you got to be careful of not as nice as the other one I couple other ones you want to see this is um, this is stocks getting crushed at their best All right, so everybody like I said They this is what day trading teaches you how to be prepared for a swing trade. Look at this one right here SC01 we've seen the stock in the past. We watched it, you know, and you could have seen the trickle down I mean look at the trend you the writing was on the wall some people like well It's at $8 maybe we'll come back tomorrow next you know you down $1 20 come in the next morning Maybe we'll come back 650 night down to five you like oh my god I should have sold it two days ago wake up this morning. Boom. You're at two. You're still not satisfied so this is why it's very dangerous to hold overnight positions and You know not that we're gonna trade it because obviously news is pretty damn bad when it comes to something like this So I that's how I'd be careful of but I just wanted to kind of bring that up another one That also is getting a nice little major correction here, but I one thing I do like about this stock It's actually holding out of support levels MOS why so let's keep an eye on this one After a year all that work and now boom, it's right at support levels So, you know actually holding pretty strong right there a couple of the ones the ones I like a little bit better that look like a little bit better trades Some of you already probably saw the CNHI great pre-market nice little pop the stock was $15 Been hovering here for a while right around 10. It's gapping up pretty nicely Look at these orders right here guys big big big orders CNHI. Just be very careful those iceberg orders See where where they going out But is gapping up pretty nicely NGO is another one that I found this morning in pre-market doing pretty well What happened in type wrong? I spelt it wrong. I'm sorry and Gd There you go wrote it wrong. There you go and the NDG another one that could be a little bit of a bottom fish right here It did it just had a little bit of a rubber band snap right here You could see it in the pre-market right there So kind of makes me a little interested style, you know, you know, I'm a fan of bottom fishing I love stocks I get crushed because what that does for what that tells me is you always get these brokers I'll call up their clients T. Tell them to average down and obviously they make that commission. They don't care That's for people average down. They think it's gonna come back You know and that's what ends up happening. So there's the other one, but the awx man. That was awesome That was really awesome We learned a lot from that one in class. I want you to keep an eye on that one But a lot of you guys already doing pretty well, but getting back to that facebook I'll tell you There you go. Looks like it just broke uh broke that 171 pre-market great short Listen, if you really really really want to see what it feels like to trade a stock like a facebook Do what I always say trade one share and see how that works out for you. Okay, be very careful. This stock is going to be Chaotic chaotic and let me tell you something from where how it's trending Not really looking too good for facebook. I think they said I think I saw on uh On one of the channels hold on before we go Hold on. Let me just bring this up Where is it? I just saw Yeah, right here facebook Let me just bring this up. This is pretty cool Okay, facebook saw 150 billion dollars single day loss. Look at that. Wow, that's crazy 150 a route could rewrite history books. That's pretty bad, huh 150 billion Talking about a haircut just trade one share right can just trade one share if you want to know what it's like But you know what at the end of the day Let's focus on making money at the end of the day Sometimes he's a good indicators and that's and that's what it's all about. So with that said everyone Tomorrow's friday. It's starting to get really nice here. It's gonna be a beautiful week Weekend a lot of people are gonna start going away here in new york city to enjoy the weekend out in hamptons So you're gonna get a lot of action. Don't anticipate being that volatile tomorrow I mean you hear stuff like this and you hear what happened yesterday with the tariffs. Oh almost forgot How could I forget this? Has the fiat trade going on we had a lot of fun trading that yesterday after the tariff announcement You know, uh, and we in the stock taking a little bit of a a little bit of a hit We're doing pretty i'm doing pretty good on that swing trade yesterday also And I said that in class too. So another thing when you come and you get in class. I showed you Very very very very rarely really I probably say maybe once a month. I might consider doing a swing trade Uh holding it overnight and it's done to design and this was one of them And guess what it worked out perfectly. So uh, definitely look at the uh class two and review and see why I did hold that trade. I'm doing pretty well on that. All right guys anything else before we go uh Time gave a very big warning on um fh g uh fang stocks At the chicago money show he did dana Well, tom sassoff is a very good friend of mine and owned very well You knew he comes on our show all the time here at ctu and uh, you know, listen, he's uh He watches the market as close as we do so, you know Definitely take that in consideration He actually was actually a big fan of facebook and when the stock went from 80 down to 40 He went all in and he told everybody listen. I met the guy. It's great. It's a great company And uh, look where it is today, you know 100 went to 220, you know, so There's but there's always looking about taking profits. All right guys. Uh, listen I know we we're running a little late. I want you guys to get ready to get your coffee Mark opens in 15 minutes. Let's go out there and make some money today. All right Let's work together like a team traders see something say something all you new New members that are here. Hopefully you guys enjoying it. Hopefully you see if it's for you And if it's not that's okay because it's not for everyone But always remember you have to learn before you could earn. Good luck everyone. Happy trading