 All right, separate traders welcome on back here to wrap things up for the week this Friday, August 27 Shortly after 2 30 p.m. Eastern time and as always at this time of the day welcome on back for our afternoon meeting Great to see all our students and a trial members alike live inside the trading room Leda Lewis Norman I got dino skip up there got Wendy Depp Dave that these are there as well My tongue is getting twisted not just from all the students chatting inside the trading room But I got to tell you this day and you know, I don't even know where to begin with just one stock of the other I'm in a couple of trades right now. I'm down on it doesn't matter And I know that a lot of us feel the same way here, and I'm not gonna say how much I'm up. That's not my point It's to say that You always try and prepare for days like today, and you never know when a day like today Is gonna come and what I mean by that is this I mean this is Friday in the dog days of summer I said it from the morning meeting. It's like, you know, hey, I'm not expecting much out there This was I mean, it's not my best day ever which I know what that number is But it's relatively close and a lot closer to 10,000 compared to zero So right now like at this point in the day, this is incredible between not just the bbi g That's on the screen, but everything else that we had on the morning watch list today between the nna trade noro semi You know t-cat wasn't really the best, you know RLX was awesome RLX the last one on the watch list that that that was like a pretty decent stock You know, there were so many stocks that I didn't trade to a certain point and you folks killed it So it wasn't just me it was like everyone posting big trades or profits And I'll tell you this before I even go further for all of us live inside the trading room This is hey, you know if you're one of those students that that didn't do well today That didn't you know make as much money or perhaps if you're down Every dog has their day, right? So it's not to say that everyone should have been making money But once you get into a groove Then you have a better ability to manage the trades and manage your profits and begin to really snowball them So yes, there were losses involved in my day and I'll go over those and briefly for you in just a moment But you know, hey, I said on the other end of things there are days where I I don't have the best days But you know a couple of us hit it big by watching some of the stocks that maybe I wasn't looking at Right at the market open. So let's cover it all here the BBIG trade. I'm not in this stock right now I wasn't in this stock since 11 o'clock Eastern time this morning So it goes to show you that hey, I missed out on like a dollar fifty plus move on this trade There's plenty of fish out there to catch. So hey BBIG was one of the stocks that we were looking at heading into the market open You know, it's Bitcoin mining slash NFT related stock And no, we were hopeful to see this move with T cat or for T cat to move with this That wasn't exactly the case today, but man BBIG just kept going and it came to a point where I personally thought it wasn't going to make that push right out the gate and It ended up doing so it ended up re-breaking the resistance at four from that point Ended up leading to a hell of a run up really easy move at that point Building up with higher lows and re-breaking resistance. So, you know, when I say easy This is all in relation to what we talk about live inside the trading room each and every day What we talk about in traders talk each and every week and what we talk about in class each and every month So it's to say that after 10 o'clock Eastern time or, you know, sometimes a little bit later or sometimes earlier But you know going into the mid-morning you expect more false breakouts upon the first test of major resistance So hey, if you just have that in mind and then from there if you just buy directly after it breaks through the level You know the rest, you know, hey, it leads to a huge run and this ended up doing just that one of many stacks Mind you so right away the BBIG we're going to put this on our after afternoon watch list to begin I can already tell my tongue is starting to get tied up here. So bear with me folks for the next 25 minutes Didn't refelt the water but I got enough here. I think so BBIG on our list to begin The noro stack right and uro. Oh my god This was my moneymaker at least for the day and I'm actually still in this trade right now So i'm not in on you know the full position size like I was talking about from earlier today But you know this stock ended up making that exact move that we hoped for You know, I said it in the morning meeting if if this stock can make a fraction of the type of move that it made back You know in july 20th july 23rd the following, you know monday after Got less and it did exactly that it ran from you know 13 when it broke above resistance there even 1250 And then it spiked up towards 17 pulled back now I was in this trade from the morning, but I ended up re-entering the trade later on and when it ended up Pulling back down towards the opening halt print as we would call it You know, it reminded me very similar of a stock that we ended up trading yesterday. Oh, what do you know? It's sprt and we'll talk about this next don't get me wrong. We'll cover this move I was not part of this and this also proves another point I was making from the morning from from uh from the meeting this morning So at least from sprt's case we ended up seeing this stock begin to break above resistance I think it was right over here where it ended up beginning to break under and then right back above The opening bell print if i'm not mistaken it was from yesterday So once it did that it led to this huge rally all the way back up and that's what it reminded me of at least You know looking back on that trade the n uro I'm gonna average down on this position here and manage the trade throughout the meeting Hopefully but you know right now this stock is beginning to pull back But I feel like there's a chance this can keep going Reminds me of sprt in that sense, you know Hey, look at where sprt was this morning and then let alone from yesterday afternoon after 3 p.m. Eastern time So, you know for right now this stock is well, I have no problem putting this on our main list to begin You know just given how much it's moved up for us earlier. It's pulled back But you know, we've seen this stock, you know make a continued continued move up higher Uh continued move up higher into the afternoon. So, you know, we talked about that like we had said from the morning All right, so bbi g noro what else we got we'll talk about rlx for right now That's not going to move as much for for us right now But you know a nice little pop from the market open This was one of the first stocks that we called out at least after the open took off from 5 10 5 12 Popped all the web torches just over 5 60 Unfortunately the move for short lived but you know ended up making a nice pop mr I am another one from earlier today This wasn't on the morning watch list as much it ended up popping a little bit afterwards right after 10 o'clock One of our students norman called it out ended up making for a huge pop over six Ended up running all the web torches just almost you know 780 or just at 780 And for right now this stock also i'm in this trade right now I'm in right from 695 actually i was waiting for the shake back down and for the meantime I have my stop set so if it breaks lower i'm just going to take a Minus 2 minus 3 whatever it set out right there All right, so i'll tell you for right now mr I am you know if this could pop back up during the time we do this meeting I'll definitely be more keen to put it on the main list for everyone else Just because i'm in this trade and just because i'm hitting hitting them well today Doesn't mean that you know right away. You should put it on your list or you should just jump in right away I say it all the time You know if there's a stock that I feel looks really good then you know put it on put it on our list This right now. I want to see this make the pop up first before I Really focus on it any further. I might just you know dump out after we finish up the meeting All right, so I guess we'll go from the top and I don't know what the hell this is. It's up. God knows how much percent trading 142,000 shares across the day You know, I don't know what this is buy out or some sort of you know split glitch from trade station, but either way All right, so sprt will keep it going and for anything else that we ended up trading or calling out from earlier this morning Did well on what we'll go over briefly if we had enough time here for the afternoon meeting but You know hey sprt, right? So we talked about it from the morning stock ended up moving all the way up towards just over 55 Pulled back down and I said it to trial members I said it to anyone really who is you know more uncomfortable following a stock that already made such a parabolic move It was up over What was a thousand percent or whatever it was from five to 55 bucks at least by the time it was the morning meeting So and I say that across the last week week and a half So, you know at what point does begin to pull back? It was very overextended this move So you knew once the market opened up not only would it be chaotic but more than anything else So it begins to pull back further people to sell profits and just you know get out of the trade So with that hey it ended up shaking around and then you know as everything else ran up the crazy part about this whole day You know, you never expected on a friday At the end of august mind you like right before labor day You really don't expect it But on a day like today where everything else was moving we were calling everything else under the sun out This stock ended up running from like 40 all the way up to 59 and change without us even mentioning it Not a single soul in the trading room myself included Ended up even talking about the run as it made that pop going into like, you know, 12 o'clock eastern time and onwards So, I mean hey right now at this point. I certainly just hope that nobody's in this trade now is a long cat You know trying to catch a bottom I mean this move right now for sure is done looking at this drop off here And if it ends up making a you know a bounce from this very point I mean listen, there's other stocks out there to trade right don't let it be noise Don't let it be a distraction if you want to gamble if you'd rather, you know really gamble Then make more of an educated decision then hey, that's up to you And really if you want to just trade a couple shares go ahead. I mean just do it safe, right But otherwise though if you're here to make money if you're here to try to make that days pay or more in the next Hour and next hour and 21 minutes from right now Then hey, we're going to try and follow stocks that are not just cheaper But hell that are way easier to read All right, so let's keep it going though for the meantime because even though bbig is pretty volatile That is a lot easier to read in the sense of the order book. Let me ask you folks looking at level three right now Where do you have support on this trade? Little pop quiz coming off the phase one and two courses that I taught from the last two weeks here Where do we got support? He's playing around. Oh, you just missed it actually I don't know if anyone was just quick enough to catch it And you probably have to go back on the recording of this meeting here You do that right on our youtube channel Right at youtube.com slash cyber trading you know plug that in but otherwise at 550 550 right and how about this really quick? I do have enough time here So let me just check this really fast. Do I have it up on my book map? I do Give me a quick sec folks going to launch level four right now I want to show what happens here on this trade the stocks route the stocks on the nasdaq exchange. So Let's see if the order was at least. Oh, yeah, it was and I don't know if the order was pulled norman He said the order was pulled I want to see if the order was actually pulled or if it was filled and hey, you know Lo and behold, we can just go right back on the time in sales program just to like like actually see Looks like actually norman you might be right here man Looking at the tape looks like really not much volume filled off the 550 So, you know what? I'm gonna show book map and I want to zoom in here to see exactly how close he was from pulling that order If he did or what? Can you split second here? We got time today folks. We got time All right, so here's our big fat iceberg. It was on level three. It was on it was on the matrix Go back in the recording. It was there. Uh, and then obviously here. It's on book map Wow norman you got quick eyes, sir. Look at that See how it ended up getting gradually pulled from the book 262,000 shares 88,000 shares 14,000 shares So that all happened within the fraction of a second That guy pulled the rug really quick Very interesting, right? You never know what you're gonna catch here Inside the trading room at least All right, so for right now. Hey, uh, you know, otherwise that bbig trade we talked about it just to begin the meeting You know, it's still on our list. Don't get me wrong Just, you know, be a little careful around that 550 level if anything actually from book map There was a big 62,000 share sell print before that at 557 So even if it pops back above 50 be very mindful of a false breakout It's dropping off pretty hard here Also, mr. I ends popping back up. I have that on my on my other screen Just probably gonna put that on our main list still All right The ship keeps on sale and no pun intended here. I swear on my life no pun intended I did not have that planned here for this nna trade maritime stock, right? But uh, and it just happens that way, right? But nonetheless ended up popping above resistance off of 315 going into the early afternoon Then, you know, made a really nice pop made a really nice move up You know, I was really hopeful for this and this part I did plan SHIP ship, right? We talked about this in pre-market. It was doing jack. It was doing nothing Well, when that ended up making a bit of a pop, hey, this ship stock started to go a little bit GLBS I'm kind of kicking myself right now. This looks like a really low volume crappy stock But I had the intuition and assumption that this would move up I had an order in it or at my my I had a trade in at 307 I got out at 306 just wasn't going anywhere at the time Hey, nice little squeeze up here, but right now the stock is still like Untradable for us in the sense of volume, you know, so at least if anything the nna stock From earlier, that's the more active of the maritime shipping stocks out there Perhaps I don't want to focus on them right now. I'd rather follow other trades here in the meantime All right, if nna does pop them will reconsider at er the hell happens here Geez, I saw this pop up on my benzinga pro and maybe rich called it out earlier inside the trading room I honestly didn't see it if he did but man, what a run up on this thing. Holy smokes I missed this whole move too Geez ended up making an under and over from five after iceberg order broke You can seemingly tell from the volume spike ended up running up a dollar and a half filled or came close to filling a gap Damn, this was a huge miss on my part. Wow, what a run on this ater stock I don't know why the hell it's moving. I do not care You know fowlster would say the same thing and sounds ignorant to say But you know, you don't want to try and look up the news when a stock is pumping up like this Because you're not going to have enough time to even enter So, you know with that in mind ended up dumping off here Perhaps it could build a support. Eh, we'll see. I'll put it on our side list for right now But for right now the direction here seems to be down ATER Bob saying short squeeze. Yeah, it certainly seems that way, right? I mean regardless of the news That's all we like really just assume for it to be just say it's a short squeeze and with that the stock You know is making a nicer sharper run up pxl w You know another one from earlier today that ran up really well for us And I mean the stock from you know, really the beginning of this week back from Monday this week Ended up making a nice pop from like, you know 475 all the way up towards just about six and then obviously today ended up breaking out higher than uh You know this week's high to begin with so ended up popping over six year ran up really well Right now the stock is shortable. So if it ends up crapping out then perhaps we could try and short it as it did from earlier And uh, you know, it has good good liquidity. So, you know, I'll Put this on the main list. I guess for right now Doesn't seem that lively but tradable nonetheless more of a level to stock, you know, not really too, uh, too volatile for the meantime All right, mmat another one from earlier today This one we're more familiar with formally known as torch like tr ch and we ended up trading Uh, that stock back then, you know, really back from late june or early july time Then today, uh, you know, that was a long time ago. They changed their ticker a long while back So now meta materials mmat today ended up making a really nice pop once it broke out over 350 Ended up making the shimmy and pop over four later on It was actually a really quick break over four where as I had said, you know Normally look for a false breakout the first test of a major resistance It took a while to get the gears going for it to run off of four But you know ended up doing just that ran up pretty nicely once once it broke out over four Uh, you know, again very tradable. Don't get me wrong. It's up 20 plus percent shortable So it has you know dropped off a little little bit Uh Like if I put every stock like this on our list, we might be at 50 So between pxlw and mmat and we'll put both on for right now Wow, look at this pop on btbt All right We're getting a pump on bitcoin right now with all of this going on today folks And as much of a bitcoin head as I am I haven't really checked in much You know, I saw riot and mara push up pretty nicely earlier today Uh, that's not really moving up as well. Mara's making a nice push There we go My buddy my buddies who held from 46 50 must be happy There you go. Lovely. All right. So, uh, yeah, mara for the meantime up 11 plus percent We would have found this anyway. Uh, it's hard to not put this on our list It's hard to not put btbt on the list and again We'll get to bitcoin entirely at the end at the end of this meeting All right, cool N e g g new egg another runner back from late june early july, uh, man another push here. Jeez It's on the way up to 20 obviously, uh, you would assume a major major iceberg order to be there There's only about 6 000 shares showing but I would I would certainly imagine for there to be more volume filled there If it's not just shown from level three, it will likely be market transactions and just otherwise program trading kicking in Let's see We got time Wow, it's only about 5 000 shares. Yeah, wow. I was wrong. Let's see though That that might not be the end of the story because now I got another 1400 so you might have some guys looking for the false breakout and then they'll dump it back down You knew a false breakout would happen that first, you know test of 20 Yeah, new egg. We'll put on our list here. Cool at the end of it all We might give the boot to the uh slower ones the mmat and pxl w for right now We'll see Uh a and y another stock. I did pretty well. I'm personally today I ended up making a nice pop and run as it broke out over 4 75 4 80 I ended up catching off off support here right from 4 80. I got in 4 82 is my entry price officially and then I ran it up towards over 5 Then I got out officially on the last half of my position at 5 33 or something like that Uh, I dumped back down and yeah for right now this stock seems relatively exhausted Uh tradable kind of like the others like we talked about but again for right now, we'll pass on this at least Wow, unfortunately a dump off here on the xcla I was hoping that this would be more towards the highs now at this point point But unfortunately dumped back down ended up making a nice pop and break out over 230 and Uh, yeah for the meantime, I don't know. It'll be a tough bargain to see this stock pop right back up Break out over new highs has some big orders on the ask for it to break through and fill So it's got to get going It doesn't really seem like it's going to make that move All right, let's hop over to the loser side here folks. I don't really see much else on the gainer's end here I'll probably come back to that in just a moment though. Uh, we'll check out the loser side here in the meantime Savva familiar means to click that uh, savva familiar name just pretty expensive Right, so it looks like this had a really nice move all together ended up popping shortly after the market opened from 52 up to 60 back down to 50 back up to 60, you know foreign change and I you know they that could have been a nice trade very volatile in a good way I mean if you know how to trade a stock like this that has a very thin volume on the book Yeah, I use level four more so for this but uh, yeah for right now pretty flat Wb was his weebo. Yeah Peloton down still Oh, you don't really see uh, too many familiar names that are more within our price range aside aside from this iq Iq I clicked on right as I said that so it doesn't count but iq Near the low of the day right now. That's pretty interesting and it is shortable, you know a little slow Right, so it's too slow for you then perhaps don't put it on your main list But right now I mean hey we got support showing on the bid at 850 the stock I think is near all-time lows. I think that is the all-time low set back from like a week ago Or maybe even this week From last thursday 816 the all-time low. I think on this stock iq This stock was once known if i'm not mistaken and I could be wrong But I know my stocks here. So, you know from its ipo. It was hyped up as the chinese netflix Could I be wrong on that? Chinese netflix, I think they had said for iq But man nonetheless ended up taking a big drop at the uh midway point of 2018 And then it was only since dropped off. So yeah, I mean hey this stock I mean it might not make the biggest move but for right now. I'm pretty interested in it All right, so folks what else we got up down left right more than 5 percent anything that you would want me to Check out take a look at here. All right taking a quick look here folks got from gene on noro. Let's take a look Pulling back down. I took a look at it as we were like kind of going through the loser side So I knew where it was I was hoping for like a pop right back up You know, I'm still in this trade actually on a half size position. I didn't jump back in yet I have an order set actually now over 17. So I was hoping for that pop and entry but we'll see we'll see I mean hey sprt. We talked about that yesterday. I gave you the playbook on that and thankfully that ended up working out picture perfect Uh, but we'll see if this could snake its way back over 17 and begin a new move back up I don't mind keeping this on our list for right now I gotta extend my chat here my apologies From davie says wish moving up. That's not good for my from my neuro trade. I'll tell you that much uh Wish dropping off here. Yeah, but it was moving up pretty nicely just a moment ago I at least still get neuro at a discounted price if I could find support I'm up enough at least where it's not going to kill me Uh clove this thing's not doing anything Dats and veru. I'd say the same on dats and veru Little slow the thing with dats perhaps. I mean this one This one is at all-time highs. I think I mean i'm on a monthly chart right now, but obviously from the last a couple weeks We've been following the stock and you know all-time high. Yeah, it was from today So if this can get get back going then perhaps it can make for a nice trade But the stock's trading about like four or five thousand shares per minute in volume. That's like a very light right now That's not what you want to see. All right. I got to get my bitcoin chart up and then we'll officially wrap up here folks All right, let's see if I can get this in a one-shot deal. There we go. Oh nice All right, so bitcoin really quickly just heading into the weekend It seems like every friday going into the weekend There's always a big move shortly after this meeting on bitcoin So, you know even more so today than anything then I want to go over this Uh, I ended up beginning to pull back below the 49 000 across the last few days That's the line the level that we were talking about top line here is 50 000 I just had that up as a psychological level, but 49 is the level I've been harping on and uh with that I mean, hey, it's not going to be a surprise to me at all to see bitcoin begins to slump back down Temporarily if I'm wrong with that and it just blasts off again. God bless I mean, hey, there could be any sort of good news or catalyst out there. Otherwise that we don't know about Maybe there could be some renewable energy mining deal out there coming out in the next week And then you know next thing, you know, bitcoin's back to 60 You know that could always happen. So if that happens, that's a very good situation for me to Be wrong on with this potential pullback But otherwise, yeah, I think that we're going to see a bit of a pullback now This line here is not where I think it's going to pull back down to If it does then, you know, I'm ready for it But otherwise this line is like the last major point of inflection that we had here ended up closing back on February 1st of the week of uh, just under it and then here closed just over it And then when it popped above it here and closed above 39,000 it ran up pretty nicely again. So, you know, it's to say maybe the midway point perhaps right around like just a clean 44,000 we can see a pullback down to and you know from there, you know a new higher low and then a run back up later on So that's just a thought that's an idea. That's all but but um, you know Otherwise everything else I wanted to talk about here Cardano ended up making a really nice bounce back up recovery really just from the from the last couple of days Dumping off with bitcoin and everything else. Let me get to a hourly chart here on that See really dating back to this morning at 6 a.m. Eastern time ended up making a really nice like 20 cent run So, you know, I told one of our students Lewis who's uh, you know in in this, you know crypto right now I know a bunch of us are it's to say though that you know, hey I think that there's a great chance we could see three by late next week And I say that because with smart contract being deployed on cardano blockchain coming up september 12 I think that we'll see a new run happen before that point and I think that we'll see it dump back down even before that point So, you know, we'll see what comes on this trade. I was saying 310 would be the next local top and I still think that's in play But um, you know, even at that point, you know, maybe bitcoins ready for the next big rally and that could lift all the other cryptos up Including cardano and we'll see what happens here. That's all Uh, this is the last thing I wanted to show before we before we finish up Just kind of a showing a quick outlook on the long and short interest and activity across bitcoin ethereum cardano Not a whole lot really happening on bitcoin across the last seven days. No major spikes in the long or short interest Ethereum looks like it picked up a tiny bit, but not a whole lot since really wednesday tuesday this week Cardano has been more of a mess We ended up seeing just a whole bunch of activity across this week Shorts ended up closing their positions for a little bit here ended up spiking back up It seems like heading into this this morning early afternoon. So we'll kind of keep track of that at least but Otherwise not much to really write home about that's all All right, so since uh, I was flapping my gums about crypto looks like datz has pushed back up How about that a little push back up on datz? I don't mind putting this on our list here for right now We got a decent list for a friday afternoon folks Normally, I wouldn't have so many stocks on our list heading into the end of the week But otherwise we've had such a good morning today and some there some stocks right now moving up pretty well So i'm gonna keep the list as is and you know for all of us right now in social media facebook live youtube Let me do two things First and foremost and as always on a friday. Enjoy your weekends. I'm not gonna tell you to join our trading room You know to do so now at this point But otherwise if you have any other questions feel more than free This won't send over a quick question right over to my email address josh at c2 trading com I'll check back on my email email machine at least coming into sunday at least end of the weekend But send over any questions that you have for me at least otherwise. All right But for all of us live inside the trading room, you got me up until four o'clock today I'd said that yesterday, but I'll be honest after that sprt pop I gave you the playbook on that and I jumped in over 17 So the second that popped and ran and I made my money I wiped my hands clean. I said that's it. I think I have an all-time record to break today How about that? So i'm here for the uh long haul i'll catch back with you folks coming up pretty shortly though Take care