 All right, perfect. All right, let me just get a couple of things here working and we'll get started. All right, traders, let's get ready to get started. Let me get a little chat back so you can hear me light and clear. All right, good, good, good. All right, let me get the recorder and we'll move on. So welcome everyone for day two and we're gonna talk about the tips of the iceberg. What is the tip of the iceberg? Well, icebergs are big block orders, something that one of the things we have to learn about trading today's volatile markets. Remember the goal is why do indicators don't work? And hopefully everyone had a chance to take that quiz that was given out to you. So hopefully you see how you scored and everything else but being part of learning how to trade is so much fun. Trading is a great job. I love teaching, I love trading, but the thing is I love passing it on to you and the way we do that is we need to learn how to stop losing money first. So that's basically where we're at. So let's talk about what we covered yesterday. Now, if you missed yesterday's webinar, which obviously is very important, we went over a lot of details, basically go back and review it. We do have it on your dashboard. You can review the courting. Remember we're gonna do one more lesson tomorrow and tomorrow is where we're gonna take everything we've learned and kind of put it to the test. It's almost a very similar like a mini phase three that we do at Cybertree University. So if this is your first time here or you may be watching the recording, you still got one more day to come and show up. So we're gonna take everything we've learned from yesterday to today and put it to the test tomorrow. Now, I know that a lot of you were invited to be there this morning. Hopefully everybody was able to get into the trading room. If you're not, I know different time zones, you can come a little bit later, but if you've registered and you signed up for the trial or you didn't sign up yet, you still could sign up. It's a $9 trial, we'll tell you a little bit about it later. Right now I just wanna focus on learning how to read these iceberg orders. But remember, being in the trading room, that's not a teaching room, that's a trading room. Now, regarding about what we traded this morning, I wanna go to the live markets really quick. I wanna bring this up, all right? So who was there this morning? Who was there live in the trading room? Just give me a chat back and let me know. Alex you were there, okay? Simon, you were there, very good. Henry, were you there? Cain, were you there? Good, good, good, good. Who was not there? Just say, no, I was not there. It's okay. Nobody could read anybody's chat, no one's gonna pick on anybody, all right? All right, no problem, Mike. Robert didn't know you need to be there. Okay, John, listen, if you weren't there, that's no big deal. We'll still get you back in there, okay? You plan on being there tomorrow, Dennis? Okay, good. All right, so I wanna go over a couple of stocks that were moving this morning and show you like why were they moving, why did we trade them and how we're gonna utilize the iceberg orders by seeing these big block orders around. Now, there were a couple of stocks that we traded this morning. There was this one right here that moved up pretty big and it started right around 8.30 this morning. It was called GXAI. What the hell is GXAI? Who cares? You know what I do care? Stock went from $5.50 all the way to $15. That's almost 300%, 300% in less than, what? A little bit more than an hour, okay? Even if you missed the stock and you came in at 9.30, this stock went from $10.50 and literally 15 minutes ran to $16. Now, I mean, Jesus, if you bought 1,000 shares of that stock, you make $6,000 you did it every day. Oh my God, you're making a few million bucks. But it's not about that. It's about making this, why did it go up? Who ran it up? And hopefully you weren't one of the people who sort at 16 and then eventually get wrote it down to $10 because that's the issue that people have. But I'm bringing these up because I wanna show you things that did move. Like a stock like Halo. Everybody that was a student of Halo knows this stock very well. You can go back and look at our journals. Well, look at Halo. This stock went from, if you look at the top left-hand corner it was $3.30 in one stinking day it ran to $18. Next day it ran to 40. Less than a week the stock ran all the way up to almost $100 a share, okay? Well, why am I bringing it up again? Because it moved again this morning. At 9.30 this morning it ran from $5 to $8. Now you're probably asking, how does the stock go from $3 to $100 and back down to $3. It's called a short squeeze and you damn well better know if you're in one because you can get hurt. You can make a lot of money in short squeezes but if you don't know what you're looking at you could be caught holding the bag and we don't wanna be caught holding the bag, all right? But there were a lot of big stocks that did make some moves in this morning. Rumble was another one that's moving up pretty nicely. You could see Rumble right here. I don't know if anybody heard the news today about they're looking to ban TikTok and it passed Congress, which is shocking for the first time I've ever seen so many people voted. It was bipartisan but I think out of everyone that was only, I guess out of 500 members only 50 of them didn't, that's pretty interesting. So now as he goes to the Senate and a rumor is Rumble is probably an interested buyer of TikTok and its stock obviously did really, really well. You could see it ran from $3 to $8 but today this was a nice comfortable stock. It ran from $7.80 and right now it's up to $9 a share. Now, if you were there this morning, okay, we were trading Rumble and we were talking about it specifically right here. The stock really was kinda hovering and hovering and hovering around this $8.50 and it was hovering there from $9.45 up until $10.45 and then finally the stock went up to $9 now. Does everyone, if everyone was in there, whoever was in there, hopefully you remembered and you listened carefully what I said. If the stock continues to trade like this after 1030 we can get a nice push on it. This is what we're looking for going on to the second phase of when program trading kicks in right around 1030. Sure enough, what happened? Stock ran 50 cents. Let's see if everybody could do their math pretty quickly. What is 50 cents times a thousand shares? Can anybody, anyone answer that question? Dennis, that's a great question, I like that. Dennis said it doesn't matter who, it matters what it is doing. Yes, and that's exactly what we try to preach. $500, right? Now, let me bring up my calculator right here and kind of show you here in simple math. 500 times five days a week times 52 weeks, it's about $130,000 salary. Now for some people look at this like, what the hell was 50 cents? I mean, like, is that really a lot of money? 50 cents, 50 cents? Come on, sounds like a lot. Yeah, do that every day. I think everyone would be happy with that, okay? I mean, like, I know McDonald's doesn't pay that, okay? All right, so anyway, it is a lot of money and it does add up and there are a lot of them out there. So my point is like, Halo, you don't need to make the five to $7, okay? As long as you find something very comfortable that's moving nice and easy, that's all that matters. But the question that we need to learn and we need to find out is why did it go up? Who ran it up and how would we have made it and why is it stopping at $9? That's what it is. Well, Dennis, regardless of trading options, we didn't get to that and that's a great question and we're gonna talk about that tomorrow, okay? So how we can implement options into this. But let me just put it this way. You know why a lot of people trade options? Okay, the main reason is because it can't afford the stock. Now, I don't know about you, but if you can't afford an $8 stock, okay? Because that's the reason why people trade options because they want to trade the Teslas, the Netflixes, then the videos, and they want to trade the stocks in the hundreds to $500 price range, but they can't because they can't afford it. So sometimes when you just trade the stock and just trade black and white, it's a lot easier just to do this, right? You don't have to worry about big spreads, commissions, yada, yada, yada. But that's a conversation for something else. Now, let's go, there was just another really quick. There's another stock that we were trading to Pfizer. There's another nice inexpensive stock that we were trading. Look at this stock, $28.30, stock hurry ran to $28.70. Not a lot of money, 50 cents, but you know what? It had a really good swing trade around 26 and look at the nice move it had right here. So we don't need to trade the fast-moving stocks all the time. I mean, if you want, you know, we could go look at NVIDIA, you know, trading at $890. And I know a lot of you here would say, well, I would never trade NVIDIA, I'll trade the options. That's exactly where I'm getting to Dennis about with the options. You don't have to go out there and trade NVIDIA because NVIDIA and all the news is on TV about NVIDIA, NVIDIA, NVIDIA. There are 20,000 stocks out there, which you have to learn is, and what we're trying to cover, we're trying to educate you, is that you don't have to risk a lot of money to do this to make have a successful career. But what you do need to know is how to get in and how to get out and most importantly, not lose money on it and control those losses. Because as everyone always mentioned yesterday, which we covered yesterday, the reason why people fail is because of discipline and psychology, all right? Now let's go to the PowerPoint. We'll come back to this, okay, the trading. I want to get back and I want to talk about, you know, one of the biggest things we learned in lesson one, okay, why indicators don't work. Now, hopefully everyone did your homework yesterday, like I told you. The journey to people out there, the first thing they learn is indicators. Maybe you took a course and you probably let, oh yeah, I know everything about indicators. The problem is there's so many indicators and everyone has another reason why they read the indicator better than the other person, but hopefully you came to realize problem with indicators is that they're lagging. And you don't want to be a lagger, you want to be a leader, but how do you become a leader? The way you become a leader is you got to know who's leading and who's leading are those sellers out there and those buyers. So let's stop reading the charts backwards, hopefully, and now when you start eliminating all those little fancy colorful lines, you're going to see how much simpler it is and that's why we use the word, the kiss method. Keep it super simple. Now, let's go back to level three. Now, before I go on to level three, I did get a bunch of emails from people asking me, how do I get level three? So what I want to do is I just want to put my email address here. So everyone just jot down my email right now and just send me an email. You could send it to me now, you could send it to me later, but if you want to know how to get BookViewer from the exchange, I'll tell you where to get it. I want to just give you a quick little workshop on it. All right, now let's talk about the BookViewer and let's kind of reiterate what we spoke about yesterday so everyone's on the same page. All right, so let me get my crayons and so I can start doing some drawing. All right, so, oops, wrong color. I don't know why it does this. Brown, what an ugly color. All right, right. So these are our buyers, these are our sellers, okay? So you have three very important columns. You got orders, you have shares and you have the price that you want to buy for. Now, as we're looking at NASDAQ BookViewer, what makes this so incredibly valuable data is that you get to see every buyer who's willing to pay the most for it and you're seeing every buyer that's paying less for it. On the sell side, whoever wants to sell his shares to the least is up here, whoever wants to sell their shares for more money is down at the bottom. So you're looking at a big chat room. That's basically what you're looking at, one big chat room. You're seeing every single order in the entire world. That want to buy and sell Apple. Now, getting back to who's buying it, who's selling it, who's long, who's short, it does not matter because you don't know what someone else is thinking on the other side. As a business person and everybody else who does a business, we always try to think with the other person's thinking, okay? Well, in this case, there's no way of knowing because they're hidden behind the order book. Then this is all real time, absolutely is this real time. Of course it's real time. And you know what? You should not have an account with someone who does not give you real time data, okay? Absolutely, absolutely. And we're gonna go back to the book viewer and show you real time again. But what we need to look at is just understanding the different columns, who's buying it, who's selling it at all different prices. Now, let me clear the drawings and let me go back to the word iceberg, okay? Now, look at this beautiful photograph. What makes this photograph stand out? An iceberg is not what you see on top, it's what you see on the bottom. And when you look at level two, you're looking at just the top price which has the best been the best offer. Total view is telling you what's at the bottom. And remember what I said yesterday, I came up with this word after watching the movie Titanic because we all know what happened to the Titanic. Didn't work too well for the most unsinkable ship that they call. It's not what was on top of the water, it's on the bottom, because on the bottom is where you see the big block orders. You are not gonna see the big block orders on top. And that's why you gotta have the right tools. Now, these big block orders are what gonna make the big bids and the big offers. And that's what makes support and resistance because remember, you cannot have support levels without those big buyers, you cannot have those big resistance levels without those sellers. So let's dive into a couple of examples and see what I'm talking about. Now, let's look at right here, we're looking at Tesla, okay? Tesla is trending down. Now I'm gonna ask a dumb question. Is this stock going up, down or is it flat? So everyone, let me know. What is this basically telling us? Let's see if everybody can answer this question. Up, down or flat? What do you think? Now, the reason why I'm asking this question is because how fast you answer this question is as quickly as you should be reacting to the direction of a stock going. You can't sit here to deer in the headlights and be like, I don't know, I gotta add this, I gotta add that, I don't, you know where, listen. Right away, up, down, flat. Okay? If you can't answer this immediately, you should not be trading. And so far, every single one of you answered it immediately. It's going down. End period and the conversation. Now the next conversation is this. Do you ever want a stock that's going down and was debating, do I sell it here? You know, like, do I buy more? What do I do? Well, there's only one way to answer that. What is your only thing that's gonna help you to find out where the buyers are? We need level three. Very good. So you need to follow the orders and no indicator can tell you that, okay? No mathematician can figure that out the formula because things change all the time. So let's go to the book viewer and let's go check out and see what we got going on here. So as we look down, the stock is trading at 177. All right? Now we look at 177. Is 177 a goodbye? Yes or no? That's really the answer. No, it's not. What is a goodbye for Tesla? What's a goodbye? I mean, if you can't read the red arrows, I don't know how much more to spell it out for you. Okay? 177, could everyone write that down? Could everyone write down once? Belle, I didn't hear from you. Alan, come on. Guys, you don't talk. You're never gonna learn how to trade. Don't be scared. No one's gonna pick on you. You are right now trading at home in your basement by yourself. It gets lonely. You don't know how to share ideas. If you wanna be part of Cybertrain University's team, if you can't talk, if you can't interact, believe me, you're gonna be fired. I don't think anyone here would have a job going in there and just sitting at the desk and doing nothing. You wanna make this successful? You have to get engaged. You gotta be involved. Okay? Now, the next question is, how many people that are buying it at 175? That's the next question. How many orders are out there that make up that 103,000 shares? And the reason why I'm asking you that is that think about that for a second. 3,134 orders. That's not three orders. That's not one order that make up that 100,000. It's 3,000 people around the entire world. Could you imagine being in an audience of 3,000 people? Okay? That's a lot of orders out there. There's a lot of orders. Listen, it could be you and I. I mean, maybe you and I could be trading like one share. Be one person by one share. It could be one person buying 10 shares, but I could tell you one thing. It's not one person by 103,000 shares. Okay? So there are a lot of people that are out there buying it. Now, this is the question I always get. People say, well, how do we know that's a real order? I mean, do you really think there are 3,000 people in cahoots with each other and trying to go after you, Dennis, and going after you, Martin, and say, let's try to trick Martin to buy Tesla. So let's call all 3,000 people at one time, guys, and let's try to get Martin to sell, you know, or buy Tesla or 175. So that's not happening. Okay? I've been doing this forever. You know, I don't know who these people are. You don't know who they are, but I'll tell you one thing. It's a lot of them and they're not in cahoots with each other. And the other thing, the question I have to tell you is they're not fake orders because I have another people ask me, how do we know those are real orders? You want to know how they're real orders? When you come into trading room, we'll find Tesla, we'll find 100,000 share order out there and we'll use your money and we'll execute and see how fake it is. You want to take that gamble? Okay? So there you go. Now, look what happened when it hit 175. If you weren't prepared, didn't know that someone was going to buy it, it went from 175 right back up past 180. Now that's a pretty substantial profit right there. And listen, 177 was a good buy because right now it went up as high as 180, right? But why pay 177? Because who knows what could happen at 175? But you could always buy $2 cheaper. Why buy $2 more when you go buy $2 cheaper? That's not a good deal, okay? And anyone ever buy, you know, it's funny, my mentor always told me this, my Jane Palizzi always told me this. This is Fausto, do you buy gas? Okay, anyone here buy gas for that car? And please, the electric people don't get involved, okay? Okay, so you ever go shopping for gas? Do you stop at the first gas station you see? Or you'd say, oh, you know what? If we only go up two blocks up the corner, the guy down the corner selling the gas for 20 cents cheaper. So would you want to pay 20 cents more? Because it's right there at the light or would you rather go two blocks and pay 20 cents cheaper, okay? You know what I'm saying? Now I know somebody that will actually pay 20 cents more and you know what? That's why they, that's called bad money management. They're like, why would you go out there? Is it really going to kill you or two blocks to save 20 cents? Well, what's 20 cents? I don't know, over the course of the year, you fill up your tank, 20 gallons, 20 cents. You know, you save yourself several hundred dollars. Right, exactly, Robert. So that's my point that I'm trying to get to. Being a good trader is not just buying the stock. You just need a good deal, okay? And that's how you know where the deals are. Jeffrey, that's another, I like that one too. Maybe the person's just lazy. Well, could I ask you something Jeffrey? And I'm glad you brought that up. Does anyone here ever employ somebody or work with someone that's lazy? Have you ever worked with someone that's lazy? Do you want to work with someone that's lazy? Do you want to trade with someone that's lazy? No, that's why we're here. We're here to make better and smarter trading decisions. Let's go over another buying opportunity here. Revion, okay? Revion is coming down pretty hard, all right? The most stock that we traded. By the way, did any of you guys ever watch my last episode at NASDAQ? I actually was doing a presentation at NASDAQ about a week ago and I brought on Revion. It was a great example about it, but I'm gonna bring it up again, okay? So Revion came all the way down and you could see that there was a buyer right here hovering right around this 12.58, okay? Now, there are buyers everywhere, okay? There are buyers 4,000, 3,000. So you could pay 12.75 or you could, listen, I know it's not that big of a price difference, but if I can go two blocks and say 20 cents on 1,000 shares, 20 cents on 1,000 shares is how much money, fellow traders? What is, what's 20 cents on 1,000 shares? $200, okay. So you wanna know what savings is, okay? And I'm not using the 20 cents gas, all right? 200 times five days a week, times 52 week. Okay, so would it be nice to keep that extra $52,000 in your pocket at the end of the year? Oh, but what's 20 cents? Okay, well, you know what? 20 cents adds up after a while, all right? So what do you think happens next? It didn't go to that price, it went, so if you're waiting, you bought it here, you could just wait it and save that 20 cents, bought it $200 cheaper and look what ended up happening. Yes, it ran all the way to 1350, but let me explain to you what good traders do. Good traders, you know, always try to just get a good deal on it, but we need to know where the buyers and sellers are at all times to have that game plan. Let's do one more example for a support level, okay? So here's Amazon. By the way, this works at every stock. So don't even look at it. Well, why are you looking at, you know, Bank of America or, you know, why are you looking at some of these other stocks I never heard of? Well, this is what we do here. You know, this is how you become a good trader. You know, like GXAI, like, I never heard of it, I'm not gonna trade it. Listen, at the end of the day, if you have less risk, more reward, that's what it's all about. But if you wanna look at Amazon, well, check out Amazon. Amazon opens in the morning and starts going red. It's going down. Now, what's the game plan that we've learned so far? What is our game plan on this stock? What do we need to do? See, no, Louis, you're wrong, okay? We need to see where the buyers are. We need to find the iceberg orders. Exactly, exactly. Very good, Mark. Very good, Dennis. Very good, Margaret. Oh, we need to find where the buyers are. See what I just did? It was a test. It was a test that proved to all of you that you're still thinking where the chart is and looking at the past. Forget about the past. That's second protocol. Right now, we need to see where the orders are, okay? And off the bat, 154,000 shares are gonna be bought at 7150, okay? Now, without looking at any chart, any indicator with the Dow or NASDAQ is doing anything else, I don't care what anyone says. There is your Achilles heel right there. That 154,000 share buyer at 175 orders, 175, 171 orders that make up that 154,000. What do you think's gonna happen next? I don't know, it's gonna probably be a repeat, right? Yeah, I guess so. But just like the other two examples, it hit that support at 171.50 and shop to 173. So, hopefully it's just starting to sink in a little bit. Now, remember what I told you before? This is not the Fausto indicator, okay? This is not the Fausto Cybertrain University platform. You have a seat on the exchange. People paid millions of dollars for this, you know, years ago. They got rid of that. There's no more exchange. Everything, you all have access, what's called direct access. You all have access to the market. That's the beauty of this whole thing. Let's talk about resistance. Now, when it comes to resistance, resistance is basically having a game plan when to take a profit, okay? And that is everybody's issue too, because everybody likes to get greedy. Greedy is not good, like I said yesterday. It may be a work for Gordon Gekko in the movie Wall Street, but it doesn't work for trading. Greedy is bad. Greedy is what kills you, okay? Greedy puts you out of business. The way you make money in the market is you gotta always take a profit, okay? You didn't make any money until you sold it. So if you bought Apple at 169.50 and we're trading at 173, okay? You need, what do we need to do? I'm gonna do another quick pop quiz on that. What do we need to do with Apple? If we have a profit, very good Irving. Anyone else? Sam, now you're on the same page. Martin, you're on the same page. No, Jeff, we don't look for a trail and stop. That's not the word I'm looking for. We need to find the sell orders, okay? What's a stop order? If you don't even know, do you wanna stop these, take a profit now? But the question is, where are the orders? Little did we know at the number right now, we're at a sell order. We're at a ceiling. We're at a resistance level. You got 106,000 at 173.50 and another 38,000 at 173.52. Within two cents, we got a lot of sell orders out there. Well, if you weren't prepared for that, boom, the stock went down to 171. So as much as you think the stock is going up, I'm like, oh, the stock is strong. It's making a double top, making higher highs, but it doesn't, listen, everything eventually backs off. Nothing goes up in a straight line. By the way, have any of you guys subscribed to my YouTube channel yet? We just posted a link up there. Did you subscribe to my Instagram or TikTok or whatever you're a fan of or anti against? You guys subscribed to it. I did a video on Apple. Okay, I did as you did. Mark, what are you waiting for? You didn't do it yet? We just posted that up right there. Thank you very much. Also, if the staff of CTO, could you guys also post the Instagram and the TikTok because we always have people of fans of that too, all right? Subscribe to it right now. Make sure you ring the bell. Subscribe to the channel, okay? And, you know, and make sure you friend us on it. But we always send alerts, but I did a video on Apple, okay? And I showed some really, really, really great examples of big iceberg orders at 170. You probably want to watch it. Probably want to watch it, all right? Now, let's go over another selling opportunity. Bitcoin. Who here likes Bitcoin? Anyone here like Bitcoin? Who likes Bitcoin? Bitcoin, Bitcoin, Bitcoin, right? Some people are like, oh, I'm anti-Bitcoin. Jamie, who's anti-Bitcoin? Jamie Dimon? He says, don't you dare buy Bitcoin. If any of my traders trade it, you're fired. That's what he's saying. You pull like a Donald Trump on them. So anyway, so, do you know that there are stocks that you could trade side by side with Bitcoin? Okay, I'll give you an example. The stock coin. It's a coin is the brokerage firm. It was a great morning runner. This actually ran more than Bitcoin did. So you don't have to be a fan of Bitcoin, but you know what? If they're talking about it, the stock is running up. You know, you don't have a wallet. Who cares? Exactly dentist. There's Mara. There's Riot. There's also the ETS out there. But coin, I want to go over because it was a great, great runner up. But the thing is, when do we take a profit? Well, listen, the stocks are always constantly making higher highs. But when will it stop? We have to have that game plan. Yes, Bitcoin kept going higher. Coinbase kept going higher. But I'm not going to be the person holding the bag. We need to know where the sellers are. And when I look down here, we're trading at 1.66, 2.66. When we get to 2.70, we got 100,000 share seller. What's amazing about this screenshot right here of coin, look at all the 100 share orders all the way up until we get to 2.70. Okay, it's not 2.60. It's not 2.80. It's not 2.65. It's 2.70. There's 47 orders out there that make up that 100,000 share order out there. We think happens next? I guess we all know that answer after watching the last couple of slides. The stock came right back down. Now, I asked this question yesterday. I'm going to ask it again. Did I lose anybody yet? Did I lose anyone? No, no, no, I lost anybody yet. Still there. Good, not me. Is that hard? Was that complicated? Did we need to start using some math formulas and crossing and the degrees and counting these candlesticks and the greens and the reds? You see how many people like, Mark, it is, I hate to say it is pretty easy, but like I got back to the beginning, the reason why it's not, the only thing that's not easy is people that get greedy and cocky. That's about it. That's all. Well, look what happened to the coin. If you didn't get out, and this is over the course of one day, it ran from 270 all the way back down to 245. That is a huge, huge crash on it. And on the right-hand side, you could see what happened with Bitcoin. It ran from 7,000, and in one day, it dropped all the way down to 64,000, 66,000. So you could see what's great about this photo. The chart on the intraday is literally almost exact like how Bitcoin traded. So if you want a good indicator and you can't follow Bitcoin, you can always find coins. If you want to know what Bitcoin's doing, follow Coin's doing. Now let's look at one more more resistance level. Mara, okay? Another Bitcoin stock, it's a mining stock, okay? Now here's a stock going up. I'm sorry, Moderna. Let me say Mara, Moderna. Moderna was that stock. If everybody remembers, it was the quote, unquote, Moderna shot, COVID. Stock did great. Obviously COVID's gone. Moderna did too well after that. But stock had a good run. It's irrelevant. I'm not using things holding it personal. Listen, I'm in a business to make money in trade just like you are. If I see an opportunity, the good trending stock, we're gonna trade it. But the game plan is if you had a good profit, good traders are always looking for resistance levels, okay? That's what it's all about. Lewis, thank you very much for sharing that. Let me just, by the way, if the staff here, if anyone sees a good chat, could just share it with everyone. Appreciate that. So following Moderna, look what ended up happening. Having this 90,000 share, so a 114, you could see right here. Once we got around close around 10, 15, we got a big run at the open. It just tested it, it tested it, it tested it, tested it. Never wanted to get past this 114, 25. Sure enough, boom, came right back down to 110. And that's a pretty significant loss, you know, like, or, you know, not more of a loss, but it's just a nice profit that you're giving away, which I know we don't like to do. And that's why I want to get everyone to realize iceberg orders are what control the market. So when you're looking out there, if you're not looking for the iceberg orders, which you know do exist, because I've been doing this for 30 years. And by the way, companies like Nasdaq would not let me come do presentations in there. If they thought that their tool, their book viewer did not work, you know, they wouldn't have become there doing any speaking for you. That's why you gotta have the right tools. Once again, I saw some emails coming in. So if you want to get book viewer, that's my personal email address, just write Fousa PSE2 court. And by the way, if you have any questions that you want to ask, feel free, I'll answer your questions too. Okay? All right, let's dive into level four. Now, this is really cool. Okay, you think level three was good? I briefly talked about it yesterday. We're gonna talk about it today. So level four is a heat map. Now, I know everyone likes charts. I'm gonna go to the chart now. I remember I told you we're gonna go to the chart. We're gonna go to the chart now. But now what we're gonna look at is now we can see the orders that are here. And let me just draw my, let me draw, let me draw what I'm showing you here. So right here, this is level three, okay? This down here is level four. Now, what we're seeing now is we're seeing orders. Like you see this big order down here for 200,000. Now you could see how long he's been out there for and what's gonna happen at that price. You could see orders that were in the past and if they got executed, which is what we're seeing here, and that's what's causing the stock from going lower, okay? So now we're starting to see more of a heat map of these orders that not only were in the past and how they reacted in the past if they got executed or not, but now seeing the future on top of it. So let me clear this out and let me show you a little bit more. Some of you are getting pretty excited, aren't you? I'm glad you guys getting very excited and that's why my goal here is to not only train you, but hopefully if this makes sense, eventually you'd be part of Cybertrain University, okay? And you're gonna wanna learn more because I just scratched the surface right here. This is just the beginning of what most people are failing at. I wanna show you an example of the stock right here on this order and you could see that this order right here was out there and you could see how it never got to that order and what happened, he canceled his order and then he put it out again and then he canceled his order and he lowered his offer and then he lowered his offer and that offer was at 40,000 shares. So what happened here is that somebody was trying to sell the stock and you see stocks like, why is the stock trending down? The reason why it was trending down is because the seller was out there and maybe he had more shares to sell. Maybe nobody was selling, nobody was buying it from him. So he says, crap, I gotta sell it, I gotta lower my offer. He's like, damn, I'm nobody selling, I gotta lower my offer, I gotta lower my offer, I gotta lower my offer. So that's basically what he was doing. He was basically pushing down that stock and that's why the stock went going down and just keep in mind, not only are you and I now seeing it, but these are the algorithms, the high-frequency trades, the dark pools that you keep hearing about. Everything is being advertised. And by not knowing and seeing him out there and kept pushing down the stock, if you want these people that own the stock at 1150 and you're wondering why now you're down at 1040 or 1070 and like, I don't understand, why does it keep going down? This is the reason why. So you might see him unless you're keeping track of the orders out there in level three, but imagine now seeing it on a heat map. And not only that, but he was out there earlier and look at him, he just lowered his offer again. He's been doing this for the past 10 minutes. He's kept pushing it down, pushing it down and pushing it lower and lower and lower. And lower. Now we're down to 1050. So this is what we call a ladder effect. A ladder effect is a lingo that we use that when we trade, we're looking for a pattern of someone that's maybe trying to bit up the stock or he's running it down. And that's what we're seeing here is a stock that's getting run down. Remember, now what we're gonna do, we're out of time right now, time flies, right? Now, who could be here tomorrow? Who could be here tomorrow for our last day? Good, all right. So tomorrow, what we're gonna do is we're gonna take everything that we've learned and I'm gonna quiz all of you. We're gonna go out there, we're gonna trade together. I'm gonna find some stocks that you're in and we're gonna trade them and see how they go up and down the way they do. We're gonna use everything we talked about, the book viewer, level three, level four and we're gonna have a lot of fun tomorrow, okay? Tomorrow, we are going to meet, I believe, 11 o'clock. I think it's 11 o'clock, okay? So what's gonna happen is, yeah, I think it is 11 because tomorrow, if you bought your trial, which I'm gonna post up again, okay? I believe I have the link here. I hope I have a link here. No, I don't. Let me get you the link. I thought I had it up here. Hold on one second. I have it on the other slide. Where are we? Let me get you that link. We got the link up there. Just, if someone has a link up there in the trading room, I thought I had it up on the slide, but it's actually missing. It's a QR code. There we go. Thank you very much. So basically that link right there, just click on that link and on that link right there, it's a $9 trial. So we don't let everybody in the room because unless we know who you are, we don't want you in there. So if you seriously wanna be in the trading room, we open up the room at 8 a.m. in the morning. We're gonna do live commentary from 9 to 10.30 and then we'll take a break for 30 minutes and we'll come back and we'll go out there and do what we're planning on doing, all right? So join us tomorrow for lesson three. If you don't wanna be in a live trading room, then you don't have to click on that link. You could still come in tomorrow and do phase three if you want to. If you wanna be in the live trading, then here's your chance to be in there, okay? All right, any questions? 11 a.m. Eastern time, 11 a.m. We're gonna be live in the trading room from 9 a.m. to 10.30 because we're gonna be in the trading room right here. Where are we? So here's the trading room. Let me just show it to you. A lot of you are already here already. This is the live trading room and these are all the traders here on the left-hand side. See them right here on the left. Right now they're looking at the stock NYCB and you can see we're trading all day, okay? But there's no live audio commentary right now but we're gonna pick it up. If you do register, we're gonna have live audio commentary at 2.30 to 4 o'clock. So we'll see you then. All right. Margaret Fausto, your presentation's great. Always learn something new. Thank you very much. No problem, Morgan. Thank you so much. I appreciate that. You know what? And we're not done yet. I mean, we got one wonderful day to do it and then the goal is hopefully everyone's learning a lot and then what you're gonna get with that is we're gonna be able to talk to our staff. We'll tell you a little bit about if you wanna do this as a future business. If you like what we're doing, how you can learn more, we'll be happy to make you part of our team. But once again, there's no way before you ever get involved in anything, this is just a good way for you to kind of like get an idea of what our style is and if this is something for you or not, all right? So tomorrow, lesson three, all right? And that will be at, okay, 11 a.m. ET, all right? We'll see you for a few months and I'll continue learning. Trading practice is good, presentation, good job. Thank you very much, Alan. I really appreciate that. Thank you very much. All right, David. Well, I'll see you in the trading room, all right? All right, everyone. If I don't see you in the next few minutes in the trading room, we'll see you back here at 11. Thanks.