 Alright folks we are back welcome on back here live this Tuesday morning shortly after 11 o'clock Easter November 7th for all of us here at least on recording but great to have all of us back here live Barbara Roger Jeff great to see all of us there Phil Lee Brian as well inside our live trading room Anna and Brad who had just crushed it earlier today Brad and one of our longtime students of CTU he killed it earlier with us but great to have all of us here collectively here on social media as well hey if you're not subscribed yet be a friend tell a friend make sure that you're subscribed right to at cyber trading you on all of our social media platforms at Twitter YouTube Facebook etc hey we have had a phenomenal week so far yesterday a little bit of chop but today the spy broke out once again so with that we've had a really strong run up on a bunch of trades from last week draft kings being one of them AMD being another one of them and a few more otherwise but we'll get to those in just a moment obviously we have to talk about the big movers that we had from today let alone yesterday I probably got four or five separate emails about LIFW hey Josh can you go over LIFW for me absolutely give me a quick second here uh make sure I'm good to go just across the market get my level four up and running and we will be off and set right away just to talk about the big runner from yesterday it was up 400 i think at one point this LIFW uh now hey full transparency I always shoot straight here myself on Josh here I didn't take a single trade on this stock yesterday not one not because I was like oh it's too volatile yeah at some point it became too volatile so eventually you just say all right the hell of it let it run but even in the morning like as a trader you could only focus on so much at one time uh you know when you're watching TV are you watching one show are you watching six shows at the same time right you tell me so you know if you if you're a smart alec here and try and answer you watch six shows then hey let me quiz you on all six of those shows and see how well you remember every little you know quote conversation right so it's to tell you here yesterday morning we had this on our watchlist rightfully so it was up and moving up heading into the open that's why Fausto put it on the list to begin but of course from you know yesterday we still had draft Kings AMD Tesla was moving really well so there was a bunch on the table that we could have focused on right away at 930 so myself I did not buckle in on this trade right at 930 yesterday and obviously it ended up leading to a hell of a pop shortly afterwards so let's blow this chart up here a little bit and we'll kind of get right to it again this was on our list there is it's not like this thought like just popped out of nowhere it's not like you know we called it out when it was up 300% already go back to yesterday morning's watch list it was on there Fausto put it on let me ask us really quick hey simple question folks we know it's up percentage wise here but what's the trend of this stock from nine o'clock is the trend of this stock up or is the trend of this stock down it's a simple question right so Brad right away quick to the punch saying up and rod saying up as well of course when a stock is trending up folks what color we see it on the time in sales what color comes up more often than not we do this each and every week here right but it's because this is our strategy this is how we you know on a simplistic level follow volume right so hey for students that have been with me for a little while now Rod, Phil, Brad all saying green all right gents and all of us here otherwise uh what is nickname what is uh what is the nickname that we give for green you know what's the nickname we give for green when a stock is trending up Roger says not your cup color yeah I got my obviously working from home now and I got my home office here so grab the nice little plastic solo cup it's not what you think is in there it's it's water and teasing of course no but of course Roger is absolutely correct not the color of my cup right it is green and we named green as buying so that's where we have to ask ourselves okay well for this stock that is not just up percentage wise and not just trending up but for this stock that we saw likely some buying yesterday morning where and at what price did we see all of that happen give me a split sec I think I need to go back on my book map here load up a little more data I took it off my book map last night so I gotta load up a little extra juice here on my heat map give me a split second here it's just loading up here I believe and if not then we'll be able to just do it right off the chart but let's see is it gonna give it to me here might not give me what I want right now trying to load up more data from at least before 1025 yesterday that's as much as up there we go there we go yeah we're loading all right so I think that we got it here didn't it no oh come on all right so unfortunately book map is playing hard to get from me here now the question is though where did we get that volume filled well let's look at our volume bars here and you could see at least a pretty large green spike at the time 9 0 9 in the morning all right well you know what you don't have book map for this one here but let's go right back to the old tape let's actually do this the old fashion way folks go right back to yesterday morning at 9 0 8 9 0 9 eastern time and I'll show you what happened we'll take a look to see where the volume got filled if any you know it's not a whole lot of volume mind you but you know going into 9 o'clock 9 30 yesterday stock ended up making a small pop and it looks like for what it's worth it's not big I don't count this as like you know institutional trading but you know at 323 it's like your only larger block print that gets filled like over a thousand so afterwards it's still shaken around it that's where you could probably raise this up a little bit and focus more on just the regular chart level here seemingly it is right around 326 maybe you can go even a penny up 327 generally after this pop and drop it was holding pretty well under that one price so that's where you could say hey when the market opens up at 9 30 what if this breaks over this price level and we see more buying we see more green coming in easy to say but it broke over it ran up right away and that's what really started this whole run right all right well if you missed it from there let's say if you had missed it from that 320ish 325 price again I go through the same questions for a lot of us here each and every week because you can't reinvent the wheel folks you know we go into this a lot further expanded throughout our curriculum here at cyber trading university but it's the same motions here every time right it's like when you look to build a piece of furniture you go to IKEA wherever you get it from you know it comes with a list of instructions if you're going to assemble it yourself you got to go through the same motions in order to get the product that you're looking for so here let me ask brad brine margaret eric phil and all of us in the chat hey just expectively so where are we most often to see these big iceberg orders out there you know I don't have the book map going until 1015 1030 from yesterday so I'm not going to be able to show you what happens here but because of that that's where I could at least ask you you know where are we most likely to find these big iceberg levels out here well you know it's missing I forgot to turn one light on here it looks like I'm in a dungeon right I ended up actually fixing all my lighting here I forgot to turn one on right there it's making the whole making the whole home office dim here right now so I'll change that for this afternoon I said so hey Barbara who I just chatted with earlier had a great call before and Rod and Wendy and elite you know and Sydney and all of us 50 cent levels whole numbers so that's where you could say oh 350 that's where you could say all right well after that is four bucks right well what happened at those prices well it was holding under it holding under it here pretty damn nicely and really on the first test and break above the level seemingly it was that strong to where it just instantly broke over ran up right away now this is where I could tell you and same thing that we talk about each and every week here in traders talk it's that you can't expect a stock to move up perfectly across the whole morning across the whole day I'm not even talking in terms of percentage like yes this moved up to 18 bucks believe it or not but it obviously pulled back it obviously fell into consolidation and a bunch of sheiks at least over time the more and more a stock is already running up just like this year you can't expect what we had happened here we can't expect that to happen at every next resistance for it to just seemingly break above it the first test and for it to run I mean you hear it from me each and every week folks if you're if you're inside our live trading room at least the first test of a big level is the strongest test it's the best test so yeah this was actually pretty surprising here where it blasts right above this level I mean maybe that's because the 325 326 was stronger well hey you still can't expect just a break above a big level the first test every level so hey before it broke over four and cleared above it the first couple of tests above the level it popped and dropped popped and dropped but then the more times that we see a stock you know needle and nip and know and break through that ceiling and go through it it's going to eventually make that more decisive you know like when you hear me say oh it's going to go through it I'm talking about these sheiks the more it does these sheiks here in a shorter concentration we're going to likely see our more decisive conclusive move out of this level now when I say that obviously be hopeful to move up right and by following trend and just like we teach here breaking through a big level on the way up well you're putting yourself in you're going with the momentum you're putting yourself in a position where as long as you set a tight stop and playing tight defense you're doing the right things so of course that that means that it's not foolproof 100% win-loss ratio you take losses all the time folks you got to learn how to contain them so even here let's say if you jumped in right away really not the right idea because we do expect the first test to be the best test even if you were to jump in and take a small loss there you hear it from you all the time the more nips that level in a shorter concentration that actually promotes an entry for me so over time this led to the higher high it just cleared up higher next 50 cent level whole number this being a 50 cent level obviously 450 so again I don't have the book map up until 1025 1030 yesterday I'll show it in just a bit but basically that takes us to here let me ask us really quickly what time do we expect reversals to happen for a lot of these stocks that we call out now market opens at 930 when do we expect reversals to happen normally and in between let me answer a question from rod asking what are your thoughts on trailing stops I personally don't use them with day trading but that doesn't mean that it's wrong doesn't mean it's incorrect if you trained yourself from the get go with trailing stops and you're very quick to set them up or move them around then I would never be one to tell you to change your habits now if you're using a trailing stop and you're getting stopped out more often then you know you should be in the stocks moving up without you after you know that's where I'd say we probably can work a little bit better as far as we're to place that stop at first how offset it should be from where the price is at things like that we can kind of focus on there but I think it's a great tool now all of us answering otherwise 1015 1030 right so all right well for as much as it pumped up even from pre-market we're getting close to 1015 1030 it broke above 450 but we got to keep seeing a resistance turn into support otherwise if we get a lower low then I'd like to think this thing is just gonna collapse so easy to say there was no real lower low once it re-broke over 450 here it just took off right it completely exploded now I do want to just jump really quick before I show the the book map let's at least now look at the daily chart because you know hey once it goes from three to 350 350 to four it's like a hell of a move you might be asking like all right well let's look back on the long-term chart where can we find any glimpse of a historical level and again I'm doing this kind of you know looking at like what happened prior to yesterday's run well you got a bunch of these long upwicks here on these on these uh daily candles they're not all matching up perfectly one basically two right there and it was holding it slightly well here what is that six 94 all right let's just at least use that at first obviously we know it pushed up much higher over time much much higher so you know over time that's where you could look at your next potential historical level maybe around 10 here it's not perfect around 10 then up top like seemingly have a resistance around like 15 16ish you know little resistance there it held it pretty nicely as a little dip point here back in April of last year I think this was April this year wow this thing has been through the spin cycle over the last year wow from like 30 or 25ish all the way down to like a dollar so you know eventually a stock like this will have its you know every dollar will have its day every dollar will have its bone I guess that's the phrase you know this will eventually make a short squeeze over time but you don't want to hold your breath waiting for that of course obviously once we saw a pop in pre-market you could begin to spin the gears a bit and ask yourself what if so at least let's just use this price at first relatively right around 6.94 7 bucks you know it broke higher obviously but how did that price play out as a potential historical 6.94 ish 7 ish not terrible folks not terrible at all this is pretty damn nice to me actually again I told it to you right away in the beginning I didn't take a single trade on this myself I didn't plot levels on this and the more it ran up you know you could try and improvise here and there but I barely remember what I had for breakfast this morning let alone the levels for a stock I didn't even trade so it just really goes to tell you looking back on the long-term chart yes it broke over 6.94 and 7 dollars over time here but you know this was holding as a little base yes it broke under it but even here it's not perfect but you had a couple of these candles where it was holding pretty cleanly you know could you say the same with like these two tops I don't see like something that's holding well as a base here like it dips a little down there but you know talk about continuity talk about at least you know how often a price is holding on the long-term chart over time here you know it's not flawless or perfect but at least for me I thought that was strong enough at the time and that was just a raw reaction right there I could have had a little egg on my face with this but it goes to show it blasted above this as resistance and I want all of us to answer this question for me I know you know this especially if you've been here any longer than a week and are watching traders talk routinely you know how to answer this question when a stock breaks above resistance and it runs off of it we'd like to think that resistance should become what folks every one of us should be answering this right away it's a one letter answer or if you're Ray or someone else wants to give the the full word of course support absolutely support s and right here it's easy to say in hindsight but boy did this hold his support and then it led to the next move up now again really quick I'm kind of going in depth on this trade let's break open book mat now this is from yesterday but like only beginning from 10 25 in the morning so you know basically it's to say obviously this kept pushing up there wasn't really an iceberg at $7 or 694 right there so clearly that long-term chart level was the reason why this holds so nicely you got the view up here seems like you're mixed in but otherwise this next level is more compelling so we happen to have an iceberg at $8 now it's about 19 20,000 shares in relation to some of these big print levels here that's not that much to be transparent with you but what I like about this eight level later on is that well there was an iceberg here and over time there's a new one that showed up not as big but the more that we keep seeing continuity at one price in this case here we see two separate orange lines at the same exact price all right well this is making me trust the eight dollar price level a lot more so that's where I could start to say what happens if this keeps nipping a non over eight you know it's the first test of this as resistance this orange line it's not the first test of it as a level but it's the first test of this orange line first test best test that popped and dropped well it still shook around a little bit after heading into late morning time but point being is that the more it stabs and naws and breaks over that level you should be getting your more conclusive decisive reaction after so easy to say in hindsight but thankfully perhaps if you took a small loss here too right this is an area where I could see myself getting you know in a small loss in and out it's not making that big pop right away all right break even or oh it's not making that big move right all right minus seven well if you're still watching the trade and have that faith in the level that you're looking at you know it took a few more minutes but the next break above this line that's your sling and it ended up making to the next run up right so the issue is on a trade like this the more it goes up it's easy to go over this after the fact right and you know it's easier to go over it after the fact especially once the picture is already completed here but in the heat of the moment it is still very difficult to apply this the more and more it goes up you know how often do we see a stock up 500 percent or 300 I mean maybe once a week here right but it's just to say once a week once every other week all right well the more that you trade a stock like this you will become more confident with reacting with entries and exits and setting stops but still though when a stock is up 300 percent then 500 percent 700 percent we're not always going to feel that same level of confidence that we had when it was only up 30 percent we know that big trees fall hard here right so earlier or so in the afternoon yesterday you know I didn't put this on our watch list because it was already done it was already tanking at that point but I wrote to you folks in the chat Sydney Kathleen Barbara Ray I said I think a couple of us were trying to call it out at three o'clock I was like guys I see this moving lower I think this is going like 675 by you know the close today or like by after hours well why 675 I mean we know what goes up comes back down twice as fast but you know this is at $10 here going into the afternoon right there's no chance for this to build a higher low and make a higher high well yeah but the last major support level that I was holding was basically that you know it was that historical level that we said it was like 690ish right there like basically this that's what I was kind of using I was using this as like my base to say listen this is not moving up any higher today it already ran up too much so you know if you decide to trade this going into the afternoon okay I shoot straight I tell it out is if you don't want to accept this that's on you if you're trading the stock as it's flat after already made a 500% move up and down you are a gambler simple as that now if you're doing it on like 100 shares it's like small tiny size all right you're not gambling as much as you're just trying to poke at something trying to toss a dart on the wall and hope it lands but if you're doing this on 500 shares like real size or hell of a lot more than that at times that's absolutely gambling here you know and over time well I was right with the fact that yeah this came right back down towards that 680 or 690ish level and even lower now right what goes up comes back down what goes up comes back down here what goes up comes back down here too on BYU I can go through the whole shebang here folks PXMD from earlier today what goes up comes back down this is going to break much lower heading into the afternoon today is my guess if I'm wrong with that then the less often move will happen then if I'm wrong because eventually this is going to exhaust out again maybe it tries to move back up here and then it's going to have a head fake and then it's going to crap out and probably break lower towards like 450 share that's just what happens more often than not so you know these trades are great for the morning they're great for while they're showing higher lows again though the more it goes up percentage wise you start to become more skittish on it like it's really not worth the time eventually it's going to tank well look what happened here right obviously same thing let's go into this straight quickly I didn't want to save some time to go into PXMD obviously we had such a move yesterday on that life W but one thing that I like about that you know after we get such a good move on life W you know from yesterday once we get like 1500% gainer out there you should feel a little hopeful like eventually you're going to see another one pop up pretty soon you know you start to get the crazies out there that try and like you know pump up the next uber low float stock and obviously will make the same dump off like this one made but heading into this morning here PXMD geez like right at what was it eight o'clock 8 30 8 15 8 26 year right before 8 30 and right before I logged in this thing just made a big pop right so let me check the news out on this I forgot the news out on this company we don't really care too much whenever looking at trade the momentum really more than anything in the in the significant orders that are out there you know if a stock is pumping off a no news I'm not like you know chomping at the bit to take it but I'm not like not taking it if it looks good in terms of volume I'll consider it so what was the news out on the stock PXMD so packs medica announces publication of autism spectrum disorder phase two study results all right well phase two definitely we know is to be you know fairly significant you know along the way of FDA approval it's still got a long road to go but better than phase one and if they're passing there like primary and secondary end points with feet it's a nice pop and it's good reaction you should expect a clean move on the stock so of course it broke out right away now hey again in pre-market it actually had a pretty thin book so you had to be very careful on a trade like this so right away you could just kind of lean towards whole number prices and 50 cent prices too so five dollars four fifty like we said that became the base here six dollars you know as your next whole number ahead etc etc well I will say this area here just as like a chart area seems to be holding pretty nicely it's not exactly at six but it's like maybe around five sixty six five eighty ish even that is not really a very specific price or range pretty abstract so that's where I could break open book map here and say well where were the orders you know were there any large orders out here for book map level four on pxm dick you know if you're looking to follow this stock for 930 for the opening bell you got to figure out where the iceberg orders are and where the big levels are here so that's where I could tell you it looks like there's some volume that got filled at five dollars there's some volume that got filled a little bit at like five sixty ish five sixty ish and it's some good bid volume too so you know what I would say right here at like five sixty ish maybe even a little higher you could probably go by five so is it five sixty nine looking at the delta column here the green so that's actually where I'm gonna look to focus on five sixty nine we'll go with so it looks like we had a lot more buying than selling there now the more times that we keep seeing this press up against five sixty nine here and certainly of course easy to say but when the market opened up well that's where you want to anticipate your potential what if so this is pre-market that's what it was basically basically right there it's giving me a tough time so you know what it ended up kissing it pressing up against it it pushed up against it here and the more times it does that I should expect a more decisive move after but it does look like it was still shaken around given a hell of a tough time with trying to move up off of it make the better move from it well it eventually does so that's easy to say well it's the same concept that you want to focus on it punched above this resistance and it ran off of it it moved up like like nearly or moved up over a dollar you know from this price so when a stock breaks above resistance and it runs off of it I'd like to think that resistance should look to become support and you know it's easy to say that looking at what happens here but this was the first major resistance from pre-market it was chippy around it and that I think I'll attribute just to the light liquidity very small orders out there on level three at least across the board so that's what makes it a little bit more difficult to anticipate a cleaner level to hold you know it was like really not much volume to represent that price so you're hoping for this to make the cleaner move but it still had a tough time before it launched higher well hey that's where you use that price then as support later on so easy to say yeah it did hold above that price going into the open well what happened after was there any other level that we could have focused on we know that it popped and broke out right away so what I'll do is look to focus on a couple levels here plotting a price right at here pretty similar we had a lot of you know buying a lot of green that came in roughly around 635 you can go a little higher here like 648 right here I'm just going to use this line for right now though this one the larger green spike on the delta so that was at 635 right so let's just use that at first we know that it breaks out right away but you know what's funny look at this what do you know it moves up actually at first it breaks over the level and pulls back clean moves back up to it it holds the level clean and then on the next break above it it ends up getting halted so I'll tell you what that was actually a very clean level that we had and it was all because of level four we had a bunch of volume a bunch of buying a hell of a lot more buying than selling right here at this price looking at the delta column right so 636 635 well hey zoomed in when the market opened up we know it broke out right away or shortly after the open but you know this held pretty well at first the more times it pushes up against it the more times it nips a nose at it we should expect that cleaner reaction and by cleaner reaction hell this can make a pop and drop and I'd call that a clean reaction as long as it just utterly tanks after you know a cleaner reaction could be a reversal too we want the pop we want the breakout so you know you just got to anticipate what happens if it fails to give you that move that you want but obviously it ended up popping at first broke out right away and got halted you know that happened within the first two minutes three minutes so hey PXMD I did not trade myself today I was too preoccupied with the spy with AMD with DraftKings all monsters today well even if I was dialed in on this stock going into the market open this popped right away at 930 so or 932 so I would not sit here and tell you oh everyone should have just jumped in right there if it happened that after the first five minutes absolutely I would be head on about that I would say yeah 937 it breaks over that level everyone should jump in right there that's not the case this pops within the first two minutes gets halted so you know if you were sitting on your hands at first that's the right call you made the right decision because more often than not if you do decide to jump into a trade within the first minute or two you're still going to see a lot of shakes and if you don't get that trend that you want you kind of be prepared because it's going to make a big shake down so yes it popped right away now how do you react to a stock that gets halted let me cover that here in traders talk briefly I talk about this a lot further in class in the phase two stock course you know when a stock gets halted off of volatility we typically have five or 10 minutes depending on the variation to see it reopen for all my returning students here you know typical members inside our live trading room daily members might I say and students that have been with me for a little while they're taking the gold stock course majority of us here when a stock reopens from a halt can you tell me what's one of the most important things that I focus on right after a stock reopens from a halt like immediately after the stock reopens what should we be focused on there should be something very specific that you should be answering here bill and sid and brad all saying the same thing and to elaborate on that they're saying the opening halt print when this ended up reopening from its first halt well much like we see at 9 30 in the morning much like we see at 4 pm in the afternoon we're going to see a big dot pop up and this in its own becomes a massive level to watch on the street paying the s part is that for a stock that gets halted over and over and over and over and over again without any thought of like you know allowing us to trade it well you got to focus in on all these little dots that may be popping up here so let me actually filter this there we go a little bit better there so it ended up getting reopened up at the price 7 18 it popped up pretty quickly after and got halted at like 8 37 well when it reopened up from that halt we had this new dot come in it says 80 241 shares at nine dollars so hey when we're looking for iceberg orders out there and you know there isn't anything really larger than 10 or 12 thousand out there well this becomes a massive level too so you have 80 000 shares it's filled exactly at nine dollars and then you had this price as well 133 000 shares at 7 18 let's just stop right there i'm just gonna plot a couple lines here and see how this played out so it looks like this didn't come back down to the 7 18 price and so here so right here came down to it got about eight cents shy hit a low of 7 26 so it didn't technically go to test this as support yet well of course it did right here and you are looking for a clean under and over if it breaks under and just ends up staying under or if it does go under and over which Kathleen I will get to your question just a little bit on this cat sent in a great question to me last night on uh under and over so i'm going to do that next but hey if this goes under and then breaks back over and you're trying to look for that bounce hey let me ask us here perhaps there are students like Sydney brad bill margaret rod barbara definitely i gotta get you to answer this one one more time for me when a stock breaks through a big level what are we getting shortly after folks i said it that was in times already here in this trader's talk but he came off a coach and called one of her students i was i was asking her going through the same ones and twos with her as i do in trader's talk but obviously all of us including barbara saying big move shortly after yeah we got a big move shortly after that's for sure this did not hold support after it broke under it broke over but then it pulled right back under again and then that's where you say well clearly this is not making that reaction that you want it to make so you know it ended up immediately failing and i got halted again on the way down to so that was the 718 price how about the 9 how about the 9 to 9 act is a great level after you'd want it to it reopened up here it popped up it came back down and then that's where you could say okay well hey if it can break under then back over and you have a very good trade it breaks under it stays under and it gets halted on the way down shortly after too so you know you'd want this to hold his support or maybe later on if it does push back above nine here like you know obviously before it drops lower here what if it does solidified eight goes back up and starts nipping at that nine level well i would be using that nine level for a potential breakout should that have been the case you know the more times this nips at nine over time here like it broke under it i would expect support to become resistance so that's what happened on the first actual test of this as resistance which it didn't even make it it was so weak it just broke lower the first actual test of nine as resistance you got to expect that to hold but if it were to nip and awe nip and keep pushing up against there over time and then pops it that would lead to a great entry such as not the case here folks it's easy to say it just doesn't even get back up to nine comes close but no cigar comes back down all right so really quick i gotta run through a bunch of questions that came in from before because we're running on thin time here so from daemon one of our new trial members here actually so i appreciate daemon and all of our new members just joining us here let me get to daemon's question first action we'll come on go from back from bottom to top rather um actually might not be a question maybe just a statement comment daemon saying trading a stack the first five minutes of the opening can be very profitable depending on where you put your risk management stop loss and um and have plotted your entry and profit point and exit well you gotta say that on every trade though you know no trade at any time of the day will work out if you don't have that well established right so you know when i teach phase one and phase two of our stock course you know if you become a student go through our classes you will definitely understand i try and make that the biggest point possible it's all about preparation now just from my experience doing this with fausto i've been with fausto for 10 years practically at this point fausto has been doing this for 35 years we're not trading the first five minutes we're sitting on our hands daemon that's that's the rule you know so maybe like one percent of the time perhaps maybe out of 100 trades maybe one out of 100 i would look to take within the first five but it's because i would have to be overtly confident um supremely confident of the move but i'd rather see just a tiny bit more play out now to add on top of what daemon did say though you don't want to wait much further than the first like five minutes there because you know just like we asked earlier all of our students wrote back so fast reversal times around 10 15 10 30 so if you're starting to take a trade at 9 50 in the morning 10 o'clock your window is pretty small already right you do want to have a larger win larger window of opportunity to anticipate trend and momentum so we are as adamant as we are to say wait the first five minutes we are as adamant to say the five minutes after that we should be jumping into a trade we should be getting into something so very good comment i like that though damon it sounds like you have a lot of experience with day trading in particular before coming to us which honestly not everyone has a wealth of day trading experience before joining ctu so hey i love to i love when new new students come in with that type of experience uh one step ahead one step ahead of the curve perhaps and you know that's a great point that i emphasize in class just the whole preparation point really um all right so i'm going from bottom to top in our chat board right now so my apologies here i did get to rod's question just before about trailing stops i don't think i skipped anyone there good all right so i do have to get to kathleen's question she she had sent that through email and i think pablo sent over his questions through email also an option so i want to get to those for sure all right under and over let's just kind of dig into under and over and kathleen had a question in particular with this it was uh how do you i think it was basically how do you define a good opportunity like what makes a stock a good under and over um verbatim she wrote how do you how do you find the stocks to look at for an under and over well the way that i you know what makes me feel okay so the best way i answer that question kathleen is by asking is i'm going to rephrase that question what makes me feel more most confident about support holding i'm that's just how i'm going to rephrase the question because i'm not going to look for an under and over if i don't feel confident in support holding what makes me feel confident in support holding well a strong break over major resistance and a run over that level because just like we've been teaching here simple support resistance principle but when a stock breaks above major resistance and it runs off of it it's because we're seeing an overwhelming amount of buying interest to squeeze over that price so if we're expecting support to hold then we should be expecting the buyers to contain the stock above that interest above where they bought so that's where ideally i'd want to see the stock make that quicker bounce once that price gets tested but even for myself i'll wait to see the stock nip under that level first because health support gets broken through right away and the stock just keeps dropping off then there's zero entry i i need to see the under and then the break back over and i know kathleen's um understanding of the whole concept of under and over she's been been with us for a bit and here every week with traders talk i love when she sends in questions i wrote that to her earlier last night too because it goes to show the folks that are with us here for months and years on end goes to show they are putting an effort in to understand why we're doing what we're doing and you're not going to understand if you don't ask and if you're not curious so i love when kathleen sends in questions so i know she understands the whole concept of under and over but for everyone else i prefer to see a stock nip under that big level first as support because my best entries to buy a stock are directly after it breaks through a big level on the way up so how about this i'm going to knock out two questions with one stone how about this pablo you're next year all right so we talked about this a little bit in phase two when we spoke about historical charting and and with charting the market so killing two birds with one stone and answer kathleen and answer pablo both so today is tuesday this candle here where my cursor is is monday's daily candle this candle here is friday's candle right now you know we emphasize the close price of a lot of these daily candles at least the most recent day you know seeing the closing bell print the close price of the previous day well you also want to look at the close price of the previous week that just finished up so this was from friday november 3rd the spy s and pete f here the close price right close price what does that say 434 69 right i'll see that there close 434 69 now yesterday i was looking for that to be a level never got touched okay that's fine but today that was a level basically that's the one right there two pennies off so i saw the market move up early this morning kath it was moving off of it right and i am bullish on the market as a whole i think that we're going to see a melt-up heading into the end of this year i said this a month ago so for anyone new obviously this week that we've had i was very well ready for this week and a lot of what's to come but i was ready for that week a week a week before that and i took a couple losses on some spy calls prior to last week so you know not all perfect but it is to say i'm remaining bullish so if i'm expecting well if i'm expecting a move up and the spy is moving off this level here will call it as resistance it had a tough time breaking above it well i'd like to think by the time the market opens up we could see this potentially hold at this price has to go under and over and then we have to get that big move shortly after so what's easy to tell you is that we got that move it broke under and over and we ended up getting that cleaner reaction there is one pullback here i was thinking oh shoot what if it comes back down or get lower high and lower low the more times this gets poked at and poked at as a support level then i'd like to think there is a case to see a real lower low so you got to be careful the more that it gets tested but it's simply to say cat the reason why i was focused in on the under and over here under and over here is a because i'm bullish just on this as a whole so i'm looking for that move up i wouldn't look for a bounce on a stock i'm bearish on right and i know kathleen knows this i'm just answering that for everyone but it's to say though that you know what if that was such a big level then at least for the first test of this as support during the regular session at least this is no pre-market earlier in the morning so you could count that but this is the first real actual test of this price during the regular trading hours this week first test is the best test right so that's where i was focused in around for the for the balance there now let me just answer pablo really quickly here because it definitely translates right to pablo's question so um can you share your latest option trade on spy or amd bingo bango right there i ended up taking 435 calls on this one pablo one thing i could say is that a lot of traders and myself included i do this it's just you got to do it responsibly with options trading especially on spy you got the zero days till expiration contracts now those are very high risk those are very those are highly volatile getting a bounce early in the morning is going to play to your favor a hell of a lot better than a bounce in the afternoon could uh so thankfully for me here we had a nice bounce here early in the morning where i said okay cyber clock is on our time and i took the zero dte on this one at 435 but i went under and over from the close price back from friday this past week and that's what led me to take that initial trade all right um that was just the spy there at least and i think pablo may have had one more question there if i uh see it come in pablo um maybe i got to check private chat here give me a quick moment oh yeah this was it okay so you can send it to me just from chat i'm caching it though here so in relation to this question on amd was 111 90 the opening print for amd a good place to enter sounds like a good place to enter because typically the opening print would be a pretty significant level right significant size here right at 930 so my answer instantly is i'd imagine it to be now historically the close prices uh the close will have bigger volume than the open so it's 156 000 shares filled it's technically at 111 88 um hey let's look at amd and see where the iceberg orders are for amd only got 142 000 share order sitting up top here on the ask at 115 right now if that's big 142 000 shares if we're calling that big resistance a big level then how significant should we consider the opening print then it's it's larger right it's bigger than the iceberg at 115 so i definitely we should be factoring this in as a level of some sort uh question is though you know did we have better volume filled let's say from the close yesterday perhaps started just kind of poke at this really quickly if i may finagle a couple things here really briefly some apologies there we go yeah we got a 1.4 million share block print so you know that is going to get a lot more significant in terms of volume they're very close in price and some offset by maybe 12 13 pennies but the close price from yesterday i would put more focal point on and then you could even say the same from friday closed the end of last week what was that 112 25 so it was actually above that was 2.5 mil all right let's just plot those two levels and you know it's going to be relating more towards the open price um you know pablo because it's easy to say that it broke out higher either away there we go that's the closing bell print from friday last week the opening print the price that you're focused on was the opening bell print from today that was basically a 111 88 what's called that shook under it first under it so once it breaks under it and drops support should become resistance it was came back down now it moves up here it makes a head fake clearly which is easy to say after the fact but what you could at least point to is to say well it did break over it and we definitely had some interest there at first what if it keeps breaking over what if that's what we have to ask ourselves because for anyone that doesn't ask that question and they think that they know what's going to happen at it not going to get far so we have to put ourselves in the shoes of like a like a six-year-old you know why what if right so you know why did we see so much buying here what if we continue to see more buying here thankfully we did led to the re-break and then that's what led to a clean entry if you wanted to wait for the closing bell print from friday last week the 112 25 seemingly that you know led to a great entry as well just took a shake above it at first then the re-breaking often running away all right so from matt one of our new tra members here also asking uh what is meant by a laddering and what is this significance really good question and i could even i could even answer this one using the spy how about this i normally can't use like an etf to answer this question so this is really cool it's actually really rare that we're seeing this happen so do not look to focus on this too often because it took me by surprise everybody see the orange and red line here where my cursor is it's only there for a short time it's not there for a long time it's there for a good time now right so it's to say that this is an order on the bid and actually again you don't see this price action play out so cleanly on the heat map for an etf like the spy so when i see something like this pop up i'll instantly say okay well that's support you know this is the the spy moving up this is support it's under it well the order got pulled that's not good at least in the immediate term that's not good well what i noticed was that we ended up seeing a new order get placed it was a little after the fact it was about eight minutes later um a lot of times with a with a ladder you'll tend to see it pretty much instantly where like this order gets pulled and it pops up here like instantly after there is an eight minute gap so you can't call this a ladder right away you really can't you don't know but when this next order pops up higher well that's where you could begin to hypothesize and say oh well it seems like whoever placed the order here could have been the same person here you know i can't do a dna you know just to say you know it looks like someone is trying to support the etf here by placing a larger order on the buy side and the more and more and more of that that we see over time we tend to see the stock or we tend to see the ticker continue to move up so even here it was another like 20 minutes later but you could actually see more prominently a new bid pop up at 4 36 26 and pretty shortly after it popped up it allowed the spy to continue to move up into the sell order here and then obviously the market was strong enough to see continuation but you know this is a ladder where you tend to see a very clear push on a symbol ticker because of an iceberg and even this ladder is a little bit more long or drawn out you tend to see ladders play out in a really short concentration like within just milliseconds you'll tend to see the new order pop up so all right so hey folks i think that we're going to finish up here in just a little bit i got to do my due diligence though just make sure i go through all my emails here just to make sure i didn't skip over anyone i think i may have gotten uh oh give me a sec here pardon me actually there's a group of emails i don't know if they're question related but give me a quick second here i'll try and zip through these here if i can um i had a trader rosa lee here joining us asking just for more views on navidia um my views on navidia are very in line with my views on amd i'm very bullish on amd and very bullish on the market altogether navidia earnings are in two weeks so just be on the lookout for that i'd say that's going to be your bigger talking point i'll tell you navidia earnings are really going to affect the market i think navidia has more potential to move the market compared to like a microsoft apple so uh you know november 21st i think is their earnings all right email from an undisclosed trader i am not going to repeat their name because i just want their email to be more private so we'll you know name name the trader that had sent me this email uh but they had said hi josh i i have not been trading i've not been trading for almost 10 years why i almost i lost almost 200 000 in the financial crisis and another 100 000 in 2014 when oil collapsed please teach me how i could recuperate some of these losses right and you know hey a lot of us have been there to some degree maybe not to you know 300 000 total maybe but in the sense of just let's say losing a large percentage of your portfolio or account i think a lot of us here have been there right i've been i've been there with crypto got my ass handed to me last two cycles i'm bullish on it long term but obviously when you get such a big drawdown it stinks losing 70 right now with that one thing that matt brings up here one of our new members i love this advice he says no revenge trading absolutely absolutely now that's easy to say though right matt easy to say in a group discussion here now the part that i wanted to elaborate on with that at least is the question or the the statement should not be please teach me how i could recuperate some of these losses it should be please teach me how i can contain a motion and please teach me how i could follow a list of instructions step by step you know hey again it's the ikea example you go to you know ikea if you got to build the furniture yourself let's just say it comes with an instruction booklet well our instruction booklet unfortunately with the market is not exactly as cut and dry as just looking at step one step two step three step this trade amd flew at the market open if we are not quick to react and we're just kind of reading off a piece of paper and we're gonna let the whole market pass us by we have to learn how to react to patterns that we've seen play out in the past so that's where i could tell you at least from our classes from this traders talk workshops certainly i hope that you've gained a lot of information already but the more that you're here with us you learn to gain the confidence of how to react to this all each and every week i go through the relatively the same motions right each and every week here that's where you see students like brad cathleen john bill certainly phil and and you know a bunch more of us you know answer a lot of these questions pretty quickly at this point it's because they've been asked these questions a lot to where they have it in their head already it's very quick for them to react to that these questions and certainly my goals and instructor is to have you react without me you know over your shoulder you know without us and traders talk here as you're about it trade a thousand shares of whatever stock it may be you know to risk a lot of money for you to at least have the confidence to say okay that's what i remember last week and traders talk okay under and over right under and over oh he gets in right away okay let's look for a big move shortly after let me ask us really quickly my new catchphrase before you start driving on the expressway before you pull out of your driveway folks what are you doing in your car what are you doing in your car before pulling out your driveway bill says and everyone else should be saying put your seatbelt on right absolutely well hey after i get in you gotta set your stop you gotta set a very conservative stop especially as a day trade because if we are expecting a big reaction after we jump in as much as i want that reaction to be in a certain direction if i don't get that reaction in one direction i guarantee you we're gonna get a reaction in the other direction so that's where you gotta put your seatbelt on no matter what right so you know it's a lot of these catchphrases and quotes or you know hey traders talk we go through the same motions pretty much every week well the more that you're going through these motions with me the goal is for you to go through these motions on your own as there is money on the line all right folks so hey we are going to finish up for right now i hope you all enjoy but hey we'll be back on later on today this afternoon myself at 2 30 eastern for the afternoon meeting normally this is garbage time normally this is where i think should not be moving nearly as well so looking at the spy right now a little pullback you know there might be one or two stocks making a small little push here or there but i'm going to sit on my hands really up until like 233 and then we'll we'll reconvene later on this afternoon folks all right so hey for all of us here collectively on social media be a friend tell a friend just make make sure that you're subscribed and up to date on all of our social media streams at cyber trading you but otherwise if you're interested in joining our live trading room at least inside the cyber group room here at bill kathleen john all of our students at least just make sure that you go to that qr code on the top left of your stream if you're fancy with your phone you can break out the camera scan and get you access to a week long trial with us here otherwise though you can go right down to the link on the green banner below let's say if you're not as fancy with your phone just go right down to the bottom of the stream right there on in the green banner right there c2.co forward slash trial and get you access as well but hey folks we'll be back later on today oh i got a couple callouts here whoa before we finish up kathleen saying pct pops moved up a tiny amount but not really trading like big big volumes so i'd want to see more out of that uh this nvo s is making a nice little pop it looks like it maybe is trying to make a dead cat bounce from yesterday big drop yesterday so this could be more upper alley but if this fails to make that cleaner higher if this fails to hold a higher low that's where you got to be really careful so uh we'll keep an eye on this nvo s perhaps all right folks all right we'll be back on later on today everyone take care