 Good morning cyber traders welcome back on this Thursday the 18th of July. How's everybody doing good to see you Ben? Good to see you Wayne good to see you all Chuck Dave Darryl Grant good to see you All right Casey everybody. All right. Let's get to it. So everybody knows the news It's going on with Netflix Netflix did not meet earnings yesterday. Apparently their subscribers went down a lot That's a hell of a little bit of a correction there But you know what from the Christmas crash from 240 would ever think it'll be a 240 but going right back to 380 This thing is obviously taking a little bit of a correction right here. Looks like we're coming right around here with support We're gonna talk a little bit about that because it is affecting to all the stocks Like IQ and Roku. But before we do that Let's just go over what happened yesterday because I thought yesterday was actually a pretty good day Not a lot of winners Which is okay, you know what it's a it's a great time to learn classes are going on So that's really what matters, but let's just talk about some of the stocks that did make some moves I want to start off talking off with talking with this about the CRC this was a short all day and The afternoon it pulled it and the afternoon it pulled the top It was on the top of the list and you could see how the stock right here Just like the trend is your friend don't want to buck that trend You can see how that stock just literally just came right that back down It was a nice afternoon trade too because around that 230 time frame at 1650 you could see it went all the way down to 1560 you know it's a nice little buck move right there You know and not only that but you could see it was contesting some support levels back in the Christmas crash But what a great trade love that stock got some good volume a lot of you guys did well on it Give yourself a round of applause Gold minings did well to all the DJ Nug J and UG All those did pretty well and then they'll get those things just kind of really been taken off lately. I mean look at this stock since Since since June it literally have a double. I mean, where's it? Where's Great grant. What's going on with gold buddy? It looks like all these ETFs these miners are moving all bullish, right? Nugget another one right there. You guys killed it on that one 14 to 32 Great movers the only thing about the ETFs You just got to keep in mind you got to be at least a minimum of a level-to-trader because these ETFs are pretty volatile Okay, and you know with that you kind of lose the benefit of following the level three and the level four It kind of makes a little bit difficult to follow that kind of stuff But overall that those did pretty well and the big one I just want to finish off this last one before we go to the watch list is the GS the GHSS That was great early this morning. That one just out of the gate. Boom buck forty three dollars You're done a 1030 game over that literally was probably the biggest winner of them all so overall It wasn't a bad day not a lot Not a lot, but but few how's your goal doing fouls though? Bill's asking, you know what? Unfortunately, I'm losing money still. I was one of those suckers who boarded at 1600 you know, I actually bought the the the gold itself and I wrote all the way to about 1900 because a couple of my big gold friends told me things gonna go to like four to six thousand so You know, I've been holding it ever since so you got to remember the problem with gold bill is that when you buy gold itself You know this, you know The cheapest you can get is a 40 a $40 spread There's an actually really really big spread in gold that people pride on We don't think about it when you talk about spot They're like, yeah, okay. I want to buy gold. Yeah, but you got a $40 spread there and when you think about it some people don't realize the the the What that actually means other than when you guys are here and you see what how important it is when we talk about in phase one You know because remember you're in class right now And one of the biggest things that we teach the most important thing is I always say this all the time It's not us teaching you how to make money It's teaching you to stop losing it and some people just don't realize to buy something to spread It could be so big that just like an options huge spread You know, they're already in a hole just to break even and it makes things very very difficult That's why the spread is the most expensive part of the trade It's not the ticket charge where people look at the opposite, you know, I always say this all the time I back when I started 20 years ago. I used to pay $25 a ticket With a quarter with an eighth spread we did fractions back then Fractions and you had to guarantee a thousand shares and you get people make a big deal that You know paying five dollars a ticket and they still can't make money Well, guess what that was like that was the least of our problems. It was this spread that made things very expensive So think about as soon as we bought a stock back 25 years ago before they went to front went to decimals We were already down a hundred and twenty five dollars Plus a twenty five dollar ticket and we didn't even sell the stock So we had to make a hundred and fifty dollars just to break even on per ticket If you remember back then and we and we made money back then. Yeah Yeah, those are the good old days All right, and you know what can the funny part is the hardest thing to teach back then when I was teaching new traders is math, you know It's it's amazing that you know when you deal with fractions You know that was probably one of the hardest things to teach But anyway, let's get back to the watch list because there's a couple of good stocks I want to talk about first of all talk about Netflix the Netflix missed earnings and the things all over the place they didn't get as many subscribers as they liked and Obviously, we're not trading Netflix because not because You can't make money with it. Who the hell wants to risk $300, but you know what you can trade that's following with it IQ this is the the Netflix copy of China It's so funny. China's a copies every major company we have they copy Starbucks with LK And they copied IQ with with Netflix, but anyway, we made a lot of money on the stock when we went public too If you guys remember we did pretty well with this stock But anyway, this stock is obviously taken a hit because of that and also Roku R. Okay you Also, obviously not this is a little bit out of our price range, too I mean some of you could probably trade it some of you level four and five traders But probably the IQ probably better up in your league. All right CODX let's start going through some something a little bit more affordable You can see this one is gapped up pretty nicely this morning. It's got a nice little flag on it four million shares trade the stock some of you remember we traded it I think was in January when the stock gapped up and went from a dollar to about almost four dollars and four hundred percent So we know the stock can move So let's keep an eye on me fix my time frame over here Minutes there we go All right, that one looks like it's pretty good OTLK is also for moving pretty nicely this morning And you know, listen, it's not a lot going on this morning But one thing I do like is that some of these stocks are training a lot of mark a lot of volume in pre-market You got this one OTLK. You got a 24,000 share buyer that's sitting here at 224 ready So we know we're at pretty big support levels The stock took a big hit you could see it from ten all the way down to about a dollar some of you remember We did trade the stock. We know the stock can move Okay, we traded this back in June when the stock took off It went from a dollar to about four dollars and it was good for about three days So go back to your journals. Look how you trade it. Check your notes. If there's anything could remind you that how the the the The trend was or the personality of how the stock traded knowing what level it was remember The big thing is I know what you're covering this right now in class is your journals is how to take very good notes Because I always tell you this you're gonna trade these stocks again. Okay, you see us trade these stocks They get you know, if they go up big small whatever it is the ISL CEI or it OTLK you're gonna trade them again. It's very important. You follow them is you're gonna You know, you want you want to remind yourself It was it a good did you do good or you did bad now this one? I know it's up with this one I kind of was a little excited about this one, but she's starting to break lower lows I'm starting to see some orders on a bid getting hit. I might scratch this one out It's only up 10% but she was up a lot more. She was up at 2 30 this morning Not really being cooperative, but I thought maybe I don't know we'll put this as maybe Let me see a phase two. Let's let's call it If the other ones don't work out and they will come back to this one But you never know when they open up. We'll put it on the watch list I like the volume if you're a level one trader, this might be up your alley stocks of 11% Cheap little stock good spread great volume. So I know we have some beginners that still You know still trying to learn a little bit. This might be up your alley right here If you still a deer in the headlights and you're afraid to hit the button and don't know what it's like You know, this one looks like it might be a little active this morning The other big news that you're hearing a lot about is eBay now eBay also had good earnings after hour after hour Shockingly, you know eBay was I remember the one of the big brand names when I first started I mean eBay was one of the one of the original comm stocks out there if you remember and took a huge hit I mean Amazon destroyed eBay eBay was like Amazon was eBay's biggest competitor and I mean you could have done the same thing, but looks like a eBay starting to make a little bit of a comeback You know, it's it's got it looks like it's testing the higher highs. Let's see what happens here but overall pre-market it's it's doing nothing so that might die and What do we else we got here? Oh, I wanted to talk about this NBRX trade Now for some of you remember the stock This is also gonna be one of the sleepers on the watch list because you remember this back in April This stock went from a dollar to three dollars. We know the stock can move. It's got a it's got some decent volume I've seen these things come out of nowhere and they pop So I just want to put on the radar just keep an eye on it because the stock was one of those nice Really good short squeeze that we traded and last but not least XBIO The stock is getting decimated you saw it would happen the last couple of days So I'm just want to throw this on a watch list. You might might get a bottom fish But as we know biosciences these stocks usually don't come back I always liked think that sometimes the people will own it yesterday. They find out this morning They got destroyed they might average down might cause a little volatility in it. I don't know we'll just throw it as as a throw that in the Part two, you know phase two if one doesn't work out maybe we'll consider that but other than that I mean listen, it's not a big list. It's not great You know shockingly for a Thursday, but what is what it is? All right, but we always find new ones that do pop up when the market opens up. All right guys anything I'm missing I did not call out Anybody else find anything? It got pretty much does it. Yeah, I think you guys found the same thing. I found right, okay? So all right so guys before we go just remember big day today We got open house that we do every Thursday at 12 o'clock. So yeah, you know go out there and let your friends know tweet it Facebook it, you know email anybody get them in there Let them see what we do the open house is gonna start today at 12 o'clock And then don't forget see two classes of phase two is continuing Greatest talk and the big big event my old friend Tom Sosnoff from tasty works the founder of thinkorswim is going to be coming on on Tuesday July 30th He's gonna talk about his platform. He's gonna talk about trading. We're very fortunate to have him You know how what a busy guy is he's One of the most respected people in the industry. So make sure you guys register for that let everybody know it and Especially if you're an options trader, you know Want to keep an eye on it. All right. He's the greatest guy in the world. I'll be honest with you I don't so many videos with him so many events with him been known him for it's got to be over 10 years now So when he first started the company, I was there when he built it. It's just a great success story But he's also just a talented guy. So don't miss that opportunity to meet him and be registered for that event All right guys guys. Good luck everyone happy trading and we'll see you for the other if not class 12 o'clock in the afternoon meeting for all you new members here Hopefully you guys are having a good time and learning it before we're talking to you Just let us know and always keep in mind trading Greatest job in the world, but it's not for everybody and you know what that's okay. Good luck everyone. Happy trading