 We are back welcome on back here for another fantastic edition of our weekly workshop traders talk inside our live trading room And on social media Facebook live linked in Twitter YouTube the work So great to have Steve with us Andrea Ryan who had said just before that the Lee and stock Li and just out of nowhere making a pop live and that's obviously one of a few different trades will jump to but great to see All our students alike inside our live trading room Just give me a quick chat back for all of us here collectively So let me know if you can hear me loud and clear it should be good to go across all ends so Hey great to have Prashat with us here on YouTube as well joining us today and again There is so much to talk about so far. So for all of our students that are enrolled in our core enrolled in our live trading room That is I off chance to get through all your questions. Actually, there is just too much to really Talk about with the market pushing up with crypto exploding with IMVO the 400% gainer that we had yesterday mind you and then today We had Lee and the stock that a lot of us were talking about just before INM from pre-market AST I just you name it. So let's actually dig right into it now. And actually there's a few stocks crypto stocks Making a pop back up Mara being one of them I am a happy camper on this move right now, especially as we're in traders talk all as well here So with that there's other trades that are moving with Mara. You got riot Making a move up up over 15% trying to make the same type of squeeze back up it is This stock I am a huge fan of so alongside Mara I am very bullish right now on this stock CLSK Long-term chart doesn't look too great yet. This move today at least definitely confirms what could be ahead But right now this is looking like a Fausto flag higher lows trying to move back up towards the high of the day off of 510 511 These are all crypto made namely Bitcoin mining companies for anyone that is new here at least Give me a quick sec actually a social me inside a live trading room in a second In a small little hiccup one second on social media. Good to go inside our live trading room Just had a bullet. Let me reset my mic there All right test one two should be good now Jeth Kath Phil should be back on the war now, right? Caught it early. Hey caught it early rare audio Issue from my side. So hey for all this collectively basically the Bitcoin mining stocks you know that we've been following and for more or less Mara is one of the companies one of the crypto mining companies that own the most amount of Bitcoin within their like treasury within their like investment and CLSK is a company that it actually is a cheap stock that not many would really think too much about it first when it comes to These like miners, but actually recently JP Morgan came out with a report saying that it's like their top Bitcoin mining stock to work with going forward. That's not my biggest reason It's actually more so the long-term chart look like this was actually about to flip Support and we started to see that actually just yesterday and now we had a nice gap up this morning Referring actually more so here last month or so So again to squeeze up there yesterday up towards 445 nice little chart level here Shipping away at it over time couldn't hold it and broke under it support should become resistance and it squeezed up really nicely today So that could be used as a swing level over time perhaps on a deeper pullback. I don't think that's gonna be the case So I think that with how Bitcoin's been looking We could see a really sharp squeeze up much higher actually over time like 40,000 perhaps then maybe a pullback But with that said like hey if this just goes for the remainder of the day Look at this higher lows still trying to make the breakout. So there is a lot to talk about now Let's actually talk about this beginning from yesterday the Mara trade This was a hell of a move a lot of us were in this really from the get-go yesterday morning So, let me ask us here first thing for your hood a very nice conversation with just before and jiff and Phil catamine Who all now can hear me. I appreciate it What's the first thing that we do when it comes to plotting levels when it comes to finding Where our big levels are what is the north star? What is the first thing that that we do that we feel most comfortable with the thing that we feel most trustworthy of? What are we looking at? There could be perhaps two answers to this question. There could be two answers to this question, perhaps And I'll tell you what our platinum and diamond students like Phil and you hooda and Sam same saying it too But actually at the same of that on top. I appreciate that to the opening ring so Really every answer I was in the chat board is honestly head on to like perfectly and the opening print so 50 cent levels whole numbers just that's your like, you know in terms of abstract assumed iceberg levels Psychological levels you could potentially say for a cheaper stock Those are going to be important 50 cent levels whole numbers like that's always like one of the first things I think about and then what I look at at least is book map I look at level four so obviously I know like 80 to 85 percent of our students have book map level four at this point Here, let me ask us. This is from yesterday's move, of course, but if you were identifying this as a day trade Yesterday morning in pre-market you saw it up like however much much percent in pre-market Where do we see these big iceberg levels folks where do you see the orange and red lines going across the page from left to right? What is out there the longest? What's the like the line that's out that the lines that are out there the longest amount of time now? A lot of us Lorenne Brian Joyce all saying eat 30 eat dollars 30 cents now that clearly is going to be Your resistance up top right your resistance. It looks about like 18 19,000 shares There's actually like 17,000 here as well at each 20 So like you know, this really is your big level then it's kind of blocking everything here at this point Eat 30 good call. What else we got? That's not the only level there that you could identify with you know, there's another price That's showing an iceberg that's out there for over an hour's worth of time over an hour That's a lot of time when it comes to day trading Sam and you have hooda at first and John saying it 775 right here, right after eight o'clock pops up big iceberg there, right? So it's out there going into the whole market open. It's like 30,000 shares My wisdom skills. How about that? So what happened this morning? Well, it pulled back at the open Could I ask us here? It's class week. I got to be annoying with it. I'm gonna ask you my catchphrase My best entries to buy a stock are directly after what for? Jeff and you hooda Phil John and you know, certainly if you're a long time Member here let alone on top of that a full-blown student of CTU my best entries to buy a stock or what Sydney That's the other answer and that's not the answer to this one just yet Getting ahead of yourself there, right? You got a question to ask before that at least but my best entries to buy a stock are Directly after what it breaks through a big level now The emphasis that we got to focus on here or the part we got to emphasize is on the way up Because hey if our best entries to buy a stock where after it breaks through a big level and we're buying a stock after It breaks under a big level What are we doing catching a falling knife actually worse than that? We're buying under it after it's already broken. You can't do that here You actually got to wait for this to break under the level because like I said if it crashes that price Then you're there's no entry then that support gets flipped into resistance But here we look for what's called the under and over when it comes to support at least, you know Resistance is resistance breakouts what we'll focus on but like under and over this this makes as beautiful of a move as I would ever Want it to make so again if you're like a gold student platinum diamond student You're with us like in our classes more times than you're not I know not everyone can make it for the live classes But you know I saw students that were in the phase one class earlier this week that were you know There are longtime students have been with us and hearing me for years So it goes to show that for those that are there with me more often you're gonna be more reactive to this move Simple as that you prep up your levels You do your homework and you focus on the mechanics of how to take the trade and then on top of that you set a tight stop You got to obviously play defense after and make sure your stop is set here, but Sydney let me ask you When a stock breaks through a big level and then we jump in what are we getting shortly after my friend? Because that right there is the answer I was gonna ask her ask for here And that's a big move shortly after a big move now Again, if we don't get that big move up and it keeps hitting that 75 price Guess what? We're gonna get a big move that that big support's gonna get broken through and it cracks So from here obviously we got what we wanted to pop to like immediately up to 8805 I Don't think that's necessarily a big move You know look at the cyber clock. We got a little bit more time till that illustrious 10 15 10 30 reversal hour, right? Maybe for a dollar $2 stock that could be deemed as a fairly big move 25 30 cents I envy oh from earlier from from earlier this week I&M from this morning in pre-market Leanne, you know the cheaper the stock is like that 20 to 30 cents is really good Have we not seen Mara make like a 30% move in one day? Have we not seen Mara make like a dollar 50 move in one day? So why can't we get like, you know 50 cents out of that? Why can't we get 75 cents out of that total? Dollar dollar 50 move. We're not trying to be perfect But we're trying to at least get enough meat off the bone to satisfy us and at least based off experience Perhaps we can anticipate to see a larger reaction So we did have in terms of being a perfectionist This did actually make the perfect move that we can hope and dream for cookie doesn't always crumble that way though, right? So I will say that played out flawless to strategy, but otherwise though afterwards Yeah, you got it like a hell of a move up moved level to level up to eat 30 So that would be perfect in its own or even a little under that take the money and run But again, hey for as much as this nips resistance and keeps testing resistance We went over this in class to a much greater extent in phase one yesterday catch back with us tomorrow We're gonna continue that conversation with charting But the more times it nips this resistance over time not only should it break it and make a you know proverbial big move shortly after Again another catchphrase another question. I got to ask you it's class week So I know you guys hate me already, but when a stock breaks above resistance and it runs off of it We'd like to think that resistance should look to become what initially initially what Question from Luciano coming in here. I got a lot of questions folks coming in So just give me a moment. I saw from private chat got a tent of that on the Lee and trade Make sure I don't forget that I should get my private chat window open your problem be a good idea Josh Support stock breaks above resistance. We'd like to think that should become support, right? Okay Okay, I think that's all that needs to be said there, right? Okay Now the first test that in which it came down to that price It made my famed under and over so this actually generated a beauty of an entry at first Now am I like a fan of this move as it sideways? No, you know, look how long it takes for it to break out. It's like 40 minutes of my time 50 minutes actually my time my time is valuable And I hope you think your time is valuable too as a day trader because if not then you're undervaluing yourself It is to say at least that we should be seeing higher highs and the more I'm watching this the more I can become distracted and miss a better move. It might be a better stock that I can be trading then Maybe just saying so you don't want to get stuck watching the grass grow So I'm not necessarily doing back flips over this kind of stalling out for 50 whole minutes my time That's really how I think of it But does it break lower? Does it make a lower low? No, it doesn't it actually holds double bottom and then higher lows the rest of the way through Now what we say folks really quick as far as like support resistance Where are we more likely to focus on support resistance like where are the icebergs most likely located? We said it before Joyce and a few of us Where are the icebergs most likely located here because we didn't even talk about eight bucks I'm not gonna talk about eight bucks. There's no need to this thing's off and running talk about 850 though So 850 is high the day level at first here generally held under 850 here at this point didn't test it So I would expect normally further to be like, you know initial false break over 850 at first like here first candle They definitely expecting false break pop and drop then we'll see what happens But otherwise again the more it nipped it nipped it even in that shorter three minute concentration It was strong enough at the time obviously to realize that larger Larger move up shortly after so with that and moved up and held support now. This is where things get cool This is very good things get really interesting. I'm giving you a whole phase one class here in like 10 minutes so this stock Mara had a big level on The daily chart and had a couple of them obviously you could see these two in fact If you follow Fausto on social media follow them on Twitter actually we ended up making a few tweets about this going into the market Open today. I'm gonna try and load those up right now Right there follow us at cyber trading you perhaps But you could see two significant levels from this year to watch 862 and 1066 we'll get to 1066 in a second. You better believe that Look at this We had big support back from April into July right like three four months at a time here So maybe this wasn't super strong at first. There's a few points where it touches like perfect actually But you know, it's not flawless at first. This is flawless Okay, it was testing this as a support at first. It couldn't get the higher high it dropped off All right. It was holding under it as resistance for like the last week I guess we weren't really inclined to focus on Mara the last week or so, but whatever Well, yesterday, we ended up seeing this smash over that 861 862 price right and what I'll do here now is plot a line there because you could see Wait a second. This didn't pull back the 850 to test it as support It just continued to hold over a higher price didn't it? So it ended up effectively holding over the historical level that we were focused on like 861 862 Price right there right from our tweet broke above resistance there became support under and over It did it a second time where it's like you're thinking it could crash So easy to say in hindsight. This was like the pivot where it made the sling shot under and over again But the more times it does test this you would think like a crap this might sink So it is to say at least this does like really hold the second time makes the higher high into the market closed session 3 p.m So beautiful move. All right now What we'll do is we'll go back to book map because we got at least this 1066 I mean it was in this range for a long time broke it above as resistance here This was a great support test led to a great bounce off like I think this was even fake news that led to this pop But we'll take it as a swing trade looking at this potential support Well, you already see what happened. I mean, I'm the stories already kind of spoiled here looking at the daily chart right there, but Over time this morning If you're wondering like hey, like, you know, you're just kind of doing this right now I like this is easy to see after the fact, right? These were my levels that I took the time to plot at 815 Eastern time this morning So you tell me folks. I think preparation pays off I got a bunch of crap on the screen probably too many lines for your eyes there But nonetheless this morning on my on Mara this had iceberg support at 950 and at 955 So I was looking for this to break into this and make a slingshot and that would have been like the ultimate buying opportunity Cookie did not crumble well there for me because this didn't make the exact perfect move that I wanted like like in relation to strategy At least this actually was perfect in the sense of like holding right over this skinny line But I want under and over so with strategy. I don't get what I want there But over time from there it leads to the slingshot above the next level You know easy to say but that that's what leads to the entry and then even from there like 10 bucks Make this fat here make it really easy on the eyes this line Notice in the morning pre-market this was testing $10 Early it broke over it Let me ask us here in the chat board Margaret and Luciano perhaps over time Definitely will look to have to go through our classes and you'll you'll learn this over time and Michael great to see Michael with us A long time like that actually I've seen Michael in the chat here and there, but gotta catch up the Michael It's been a long time and Don and a few more of us here on top When a stock breaks above resistance, what color are we getting on time in sales when it breaks over that iceberg at $10? What what color on time in sales are we getting getting green and What are we nicknamed green as folks? What's the nickname that we give green my nickname is Josh my Legal name is Joshua. So the reason I bring that up is because what happens if it fails to make the pop But in terms of a longer picture here that we have Buying even this buying buying it doesn't get the job done. It doesn't look good not healthy lower highs Even here it doesn't make the big move yet, but buying the more times it it's nipping that resistance with you know Good consistency if we keep seeing the stock test resistance and especially in a shorter time frame We should expect to make this pop So it's easy to say but after the open it pulled back It did break over this line in which that provided a great entry But then from there what's easy to say is this actually led to a great entry on top once it broke over 10 again like the re-break over 10 beauty of a move We are getting the pull back right now. I'm happy to be out of this trade at this point So the Mara position I end up I guess I got stopped out on is it as I end up pulling back here But if it's not making a big move up higher, I guess there's only one other way it's gonna go so Geez, we'll see what happens this trade later on But what I wanted to at least attend to the long story short on this was that if you focus on this line This was 1067 That was the strong long-term historical level. They were focused on from earlier this year by long term I mean back from like May June July time resistance became support I actually have a doji on the daily chart right here right near it So there's a lot of fuel to the fire that played into 1065 1067 1070 ish area to act as that top And actually if you look on book map there wasn't much resistance on that trade Mandicing sinking yes, and it really dropping out looks like Bitcoin likely making a sharper pullback I don't know if it's the market here as a whole but probably Bitcoin So you know a little profit taken from that last run, but you could see it over time There wasn't really much resistance Around 1065 1070 your next resistance up top is at 11 right on the Mara trade So 87 88,000 shares you would expect you would expect for this to move up there. No problem But you know hey, this is really the main tool that we look at But you still want to focus on your long-term levels if there's any chart level from even the last week You can kind of hone it on but here though You would expect for the first time to have this get retested as resistance The first test is the best test So I don't root for a stock normally to tank but as far as a learning lesson I was actually rooting for this to pull back pretty hard here at this point obviously not just a Prove the itself as a level But so possibly get another entry and that's what happened actually here a little bit later on Looks like pre-market resistance right here Early in the morning right around ten dollars and twenty cents holding really well going into the eight o'clock move Held generally under it going into the market open But even as chippy as it was at this point This wasn't really looking great great as a level when we would want it to be It ended up providing us that support a little bit later on before we started traders talk So I was looking for the high or high just before as we were going through here, but I Mean it's like I always say if it's not breaking higher. There's only one other way. It's gonna go We saw a TPST up like 3,000 percent two weeks ago That's what we're that's why we were so confident with I in VO yesterday as it was up like even to 300 percent itself Well, this thing is up like what like 30% probably 40% the last like day or so. That's a lot That's a lot. Don't get me wrong. Do not get old Josh. You're wrong. That's a lot but Why can't we see more we've seen it recently on a lot of different trades All be it perhaps those are lower float lower volume if Bitcoin is as volatile as we are led to believe it is Well, what's gonna happen when we're actually in the bull market, you know, it's Explode look what happened in last bull market with Mara So I'm not just sitting on my hands hoping for that to happen. But as we make a higher low here Is it not possible to make a higher high over time? Is it not possible? I mean, I think it's possible We had that the iceberg 11 But and this is the but because because trading is based around ifs and thens and butts But if we don't get that high or high and this makes a lower high from this peak What often comes with a lower high? I want all of us to write in the chat board here because we covered it just less than 24 hours ago yesterday in class Lower highs often times come with what often times come with what? As hopeful as I am to see that higher high if we get a lower high Often times we get a lower low. So this end up failing to hold support once it broke under support That's all she wrote for the time being this actually dipped right into the iceberg support here that was out there in pre-market Wow, let's see if that's still out there live So, you know, I'm tossing a lot at you here with this one trade There's still a few more stocks that want to cover questions to address but more or less Just because this is dropping out doesn't mean that we can't get a bounce leader on today So, you know, that's where I'll say hey if you see this back at 10 bucks heading into the afternoon meeting at 2 30 I do Don't be surprised if you hear me say oh this led to a great entry from 950 to 955, you know This support line could still hold now granted I'm only saying that from a level perspective if bitcoins dropping like a rock right now Then you just got to set a tight stop mind you if you are looking to get the balance It's got to be soon You don't want to have this sink any lower because seemingly my next support line doesn't seem to be until like 920 919 It's like a weekly doji level if not mistaken as well back from that So, you know, hey even if you drop lower from that point So something like this actually would be a decent entry, but you really have to play tight D Super tight D by the way like by like a penny or two Yes, I know some traders don't like hearing that because they'll probably retort back and say like, you know But I get stopped out so often and like, you know, I always see the stock bounce back up after without me Well, that kind of comes down to two things. Hey, are you really and I Genuinely mean this like are you really entering at the best price at the best level close enough to the level? Like if you're chasing this you jump in right now at 963 and then it pulls back Be down 13 cents before it even breaks the level. So that's where like having a bad entry or an off entry from your price it It's not gonna be advantageous all together But it's just to say at least in terms of having your stop blown through. Yeah I mean a tighter stop you're more genuinely led to believe it could take you out But a tighter entry allows you that maybe extra couple pennies there, right? Even if you have a good entry, you could obviously still get stopped out You know, you have some traders out there that worry about market makers and all they're gonna hunt the stops and Don't focus on that focus on you. What I mean by that is this I think all of us actually actually I didn't show it. Pardon me Showed it yesterday not from today. This right here is the Mara iceberg from 950 and 958 so I even rounded down I even played a little safer there try to go a little bit closer to 950 by making this iceberg here at 955 on my chart So you see this out here. It's out there all morning in pre-market This is the easy to see support line right here looking at the pre-market book map So if you know, that's a big level then you got to have the confidence to take the trade But you can't have this like pull back again Look at how much it dropped like you don't want to have this continue to drop for as much as it did pump up yesterday I'm not expecting it to drop any lower and if it does I'm not expecting it to fill the gap down completely But why can't it drop down towards like 920? Next support level. So are you really? Ready to be down 15 cents 20 cents 25 30 cents Without setting a stop or setting a stop. That's too wide again. I'm tossing a lot at us here in a little workshop I got I got to go over this a lot more in a class, but that's where I say at least with this type of balance It could still provide a great move, but Every trade begins with the entry. That's it All right, so with that actually really quick at a transition really quickly to another stock stock that has way less lines Way less lines zero lines actions CLSK So I said before has big fantasy LSK They actually own a lot more Bitcoin within their like treasury or fund or whatever you want to call it Compared to what I thought they're just some crappy small cap stock like you know There's a few of these that are like miners this hut trade SOS looks bad. Like eventually these will go BTB T Bitfarm and we see this crap all the time for lack of better freezing. I Was pretty blown away by what I saw at CLSK. There's some report coming out like oh, they own this much Bitcoin It's actually not too far off from Mara. Oh shoot. All right Well, not only that but JP Morgan came out some report very recently where they they addressed CLSK is like one of their Favorite or best up-and-coming, you know best Crypto Bitcoin mining stocks to come for next year. That sounds good That just came out like a few days ago a couple days ago at that So I was thinking this could really go and pop and it did it popped yesterday it popped this morning So all together on this what I was looking for this is more simple, you know, I was looking kind of just right here pre-market support broke under it Stock breaks below support support should initially become resistance. This was right at the open So there's no thought of entering there. It drops off, right? Well as I saw Mara push up and Bitcoin and all that stuff You know, I said, all right This could be a good entry as it pushed up above this pre-market support line again at 482 You know, I pulled back and then led to a great sling shot up higher from 482 up towards $5 at least You know cheaper stock it made like an 18 cent push that alone is nice And then it moved up even a little higher. So this one I think we could see here on the daily chart weekly chart mind you weekly chart Pretty much right there, right? I mean you see it head on look at that back from April, May June, July Is that not the same as Mara right here? It's basically the same Type of level, you know, it's not going to be perfect 100 correlation, but that's where on the CLSK trade. Hey, look at this. This was damn strong No, no fake outs really here just broke over it Resistance did become support on this weekly candle and it led to a great bounce back up like hell of a move This has to be But for as much as it broke under to support support initially Right there And with that That's all she wrote so that's what led to a really good entry on this trade We're really gonna exit on this trade might I say all together if not from $5 then even from just a larger historic historical Let's go back to our friend Mara because I saw a CLSK pulling back. So you figure Mara like did I drop off a little bit now and yep, there we go All right, so hey, that's right cleanly tell you if you took this entry here It's like all right. You look to likely just get stopped out now. Is there a case to see this now go back up? Could it bounce now? Yeah, that's the purpose of being a day trader. You got to watch this to see what happens I'm not in the business of catching full and nice. So I don't mind taking a break even trade Nor do I mind taking like a minus one or minus two not much more than that You know if you take like minus five and you take like six or seven different minus fives That's like a decent stab that you're kind of hitting your hand with right you don't want to take a bunch of those You know even still like taking a bunch of different minus ones or twos It's not the most encouraging thing out there, but at least that's how you play tight defense Here right now It's not to say oh, it's just jump back in time But all right, it didn't crash right away here if it pulled back under the level But hell on the next bar this thing might just crap at that and break lower So, you know here will be pretty important to see what happens. Do we continue down trend? Do we see higher low now build that would be the next step as far as seeing like What's to come from the like the 950 price? But it doesn't look like this wants to bounce just yet It seems like we have our next level at least right around that 919 right now Really quick and pull up Mara here. Yeah, look at this ice. You got an iceberg here on the ask I saw popping up there Singles dropping No harm no foul feet go break even and you might say oh you should have gotten out right here No, I mean maybe like if you want to take small profits perhaps but like We've seen Mara make like a dollar fifty move here this morning. Why can't it make like a 50 cent balance? You know what I mean So there are plenty of times where I don't take the money and run or where I could or whatever because it's tiny to me I'm looking for more and that's not greed. That's just trying to play strategy But if you don't get what you want you got to get out You got to take the the break even you got to take the Minus one and actually very good question from Anthony and our chat. I got to make sure I don't skip questions, right? All right, so after Anthony action go go through chat go through private chat go through email. Make sure I catch myself Anthony asked me what is a minus one in terms of dollars very good question. So I on a thousand shares Let's say for this Minus one is $10 loss You know 500 shares $5 loss 100 shares $1 loss So minus one is like cents per share how many shares you're trading times the amount of pennies per share that you might lose out on So let's see what happens here. This might start to be a move here and just got to wait a little bit longer for support to build The market here kind of looks like it's pulled back Along with Mara. I did chart the spy So spies back to my very strong level here for 2258 basically like a very strong historical weekly chart level Held it so well in the morning session very impressed with how I did it But again the more times it nips this price. It should eventually break lower. So You got to be very careful here across the whole market. I feel That's where for certain trades like Mara. You got to be patient on to see things play out You know, just got to watch everything in Bitcoin for this. You got to watch the markets obviously all together Lost that there for a second All right, so let's jump to Leanne. I got a couple questions on Leanne Not my ex-girlfriend the stock So it's to say this was dropping off at the market open It was pretty flat going into 930 though So, you know, if you thought this would be a great trade for you to look at going into the open Don't blame you. It's not tanking there at the time. You want to see it break out a little bit higher But obviously at 930 we see right away this thing like craps out So when you get this, you know strong drop-off right away Unless if you're looking for that slingshot you got to assume it's like, okay If we get lower high, then we're gonna get a lower low. I got to see a higher high if anything for this to continue. So I'm gonna just actually pull up book map then I'll go to my traders that had some questions on the stock So I'm probably just gonna do a small little Analysis of this myself then we'll dig into the questions that we had All right, so with myself being infatuated with the crypto stocks much like a lot of us honestly today I didn't really trade Lee and I didn't focus on it or buckle in on it as a Like like to the point of knowing where the levels are I was calling it out with Fausto in the morning Broadcast, but I don't have the lines on my chart. I can't tell you off the back of my head, you know, what's what So we had Definitely absolutely definitely a support here at 239 240. There was an order on the bid that got filled It was only out there for a small while, but this actually pops up and is out there for a little bit, too Which complements it. So like 239 240. I would say would be a pretty strong like area there Three iceberg level 350 a 50 cent level whole number kind of deal there Nothing else really sticking out to me and that's all right Now we do have something that sticks out at the market open actually This is the last thing that I was gonna say was a great answer to my question earlier I think Sam brought this up on top of like the basics like the real like core basics of 50 cent levels whole numbers and just looking at book map, right? Well, specifically like the opening bell print is a pretty important level to watch for any trade the reason I say that is because well Looks like our largest iceberg out there on the book after 930 certainly is at a three bucks It's about a 44,000 share 44,100 share order on the ass This is 81,600 shares. What's bigger? You tell me Let me know folks. What's bigger 44,000 or 81,000? I Think that we all know the answer Obviously, but I got to make the answer it because Hey, how much respect are we or are we not giving the opening print? Like, you know, I know that a lot of us look at this But everyone should be looking at this for those that are ignoring this you're doing yourself a giant disservice So this was at 248. We would assume 250 to be a level perhaps But hell this could have been at 241 and I'd say that this is larger So it's the price that matters here and the size at 248 we had a key level right there. What happened after the open? Well, of course it dropped off and held resistance there and pulled back We did have a sudden slingshot so I want to go into that like what happened around 210 the price right here No, I don't know if there's a really clear level there of support I didn't see in pre-market, but it led to the breakout over Okay, well broke over 248 here folks when a stock breaks above a big level when it breaks above resistance And runs off of it. I'd like to think that resistance would become what one more time One more time for the crowd support I Don't make the rules up folks and I'm not captain hindsight as much as I only call myself that That's because here in traders talk we have the chance to go over this afterwards But in the live market you need to be thinking of these principles on your own Right, you're not gonna have Josh you're asking that question as you're looking at this shaking around very quickly so You know actually very briefly to kind of go into it once more like I have a student that I was on a call with like couple days back Unnamed and it was a great call and you know just to say that like, you know, they Gave me a concern that a lot of students. I mean practically ever you student gives me All this is really fast-moving, right? Like all this Like all of this I'm saying like not just the screen Me I am fast talking. I speak fast. I'm flapping my guns at 930. Like I'm an auctioneer Fausto to like trust me we get it and on top of us. It's the platform It's the amount of stocks that we're calling out It's you know the fast-moving numbers the bright colors as I describe it All we got to do is focus on the core philosophies of momentum and charting like really those two There are like Some things that I'll look at that Fausto doesn't necessarily use himself and that's okay He keeps it extremely simple keeps it super simple, right? So he'll really go into like You know on certain occasions like indicators and like all fit the notch You Mac DR side and like you know to each their own but if anyone has like five or six of these stupid indicators on their screen It's making things way too overwhelming. That's how you're like making the the ball go faster in terms of baseball You're increasing the speed of pitch making things too fast too overwhelming. You don't know your left hand from your right So yeah, Mara, I had a lot of lines on that chart, right? So it's each their own there You don't need to be as crazy as old Josh on that but when it comes to the opening print and it comes to like a break above resistance resistance become support and from there That was all she wrote so That's basically what I wanted to dig into there now to question from a student on this trade They got in on this position. They took it two times at two thirty five So there are two trades where as follows they got in at two thirty five They got out at two thirty six just break even said it was slow And then they got in again at two fifty two and then they got out at two fifty nine I typically don't enter two times, but maybe should I? Okay, that's a great question for my student there and you know to answer that I Mean it all comes down to how confident you are in the big level that you're risking thousands of your hard-earned dollars on Notice how I phrase it that way, right? I'm being very blunt with that because not directly to this trader I know they have their head on straight honestly from our dialogue. I'm coaching but for like everyone I'm speaking to like 120 people right now So it's like I got some new traders with me too and for those traders I really am concerned about like in terms of you know what you can't just jump into a trade to jump in You know if you're doing that then there's no good cause and that's not gonna take you anywhere You're gonna be spinning your tires in the mud over the next year You got to have reason and validity to enter a trade. So with that, that's where I emphasize big levels Okay, if there's no big level then I'm not entering a trade at all let alone twice I Get stopped out oftentimes Take break evens oftentimes because I'm here all throughout the day and with that I'm not Hidden home runs or doubles every day or every every trade I should say You know there are times where I get stopped out often and then I'll make my big move up A la Mara here you see in a tiny retracement back up where that could have led to a potential move So there could be more to come on this over time It's simply to say that for a trade that I get stopped out on if I am 100% confident not just speculative But if I am 100% confident of the level I'm using then I will take that trade a second time Yeah, even a third time Now though what I mean by that is setting tight stops break evens minus two not like doing more than that You know you keep hammering away and taking minus eight minus ten That's where you're gonna get like really hit hard. So let's go back to that Leanne trade You're right now trying to I don't know trying to squeeze up there, but let's say I don't know 250 was though Okay, let's say you didn't think about the opening print and you were focused on 250 you jump in over 250 It looks good and then it pulls back and like it stops you out on this candle. Notice it breaks under 250 by a penny It's like I shoot it didn't go higher. It didn't in my tank well if it stops you out and then Instantly after it stops you out this damn thing pops back up again in Terms of day trading like we know we're not holding on to this all day Let alone maybe the next like 30 minutes but if we see a stock stop us out and then it very very very quickly moves back above that Not to say very too often very big level, you know that you are 100% confident on using then that's where I'll look to jump back in like just before on Mara You know as I'm talking right here. Is it possible that could have been a nice entry on this trade? Yeah, like even here if you got stopped out from the first attempt and then you jump back in on this All right, as long as you're playing tight defense, you're doing the right things necessary to anticipate a higher low Now like, you know, not every trade could I say that about because like not every trade of my bullish on If there is like some crap pharmaceutical company that already pumped and dumped I'm not gonna be that keen to think it's gonna break out again. So this doesn't look good That's for sure. I wouldn't be trying to hammer away on this trade because of how it looks right now the Leanne Clearly didn't break lower from this area. I would have no interest in this right now or at least for my cursor is This is starting to peak curiosity again. So let's just see what happens on level four right now There could always be another trade if there's a clean break of resistance Well folks our next resistance seemingly is at 350 We had a level here, but that's just from choppy consolidation So there's nothing there that I could have used as like a level. It's really just 350 So if this could snap over 350, we still even have this iceberg ahead at 375 that popped up a little bit later on Right there So I wouldn't be too vested in this until this can really like flip 350 into support at least then from there You hope to see the higher high up over 375 This thing still has a long ways to go for this to be like an actually good trade But you know if it could do what I said then there's a chance for this to go That's how we take it. All right, so really quick folks 1153 haven't even gotten to my emails yet haven't even gone to the Even though I took it off my book map I said that there was a chance we'd go over it if we had time the I in VO from yesterday Geez this thing was up 400% So basically what happened here if anything If you can at least kind of follow along right here, you see a line at 178 Right, we had resistance. I believe it was at 175 But they've moved that line up a few pennies We had an iceberg at 175 yesterday morning in pre-market going into the open So it was out there on level four And more or less it broke over that price and it got halted on the way up. It actually popped up so fast. It got halted here reopened popped up again and then it I believe got halted one more time here And then it reopened got halted one more time on the way down very chaotic trade very unbridled Trade as far as like pop and drop high risk high reward. Thankfully for this high reward Thankfully and paid off, but I think it just goes to show. I think you see what I see right there It's pretty common sense that iceberg at 175 in pre-market that resistance level Got flipped into support, didn't it and this ended up making my famed Under and over broke under broke over run game over All right, so really quickly I'm actually just checking my email right now I had a question from a trade on the lian stock as well. I hope I addressed their question there at least They unnamed they said that they made the wrong entry and lost money. So let me just Show the chart again So the real level was the opening print that 248, but they said 276 So let's just take a look at that there really briefly a ton of buying right here. How's that? All right, I got a ton of green here a lot of green bats looks like a ladder on the bid here to try to squeeze up Depends on what time they entered but for this to be a resistance. It was out there for a little while Moving up and up and up the first test is the strongest test. We say this like every day So right here and I just say this out loud because you see the reaction This right here is Extremely easy for us to anticipate the first test of a resistance like that We would expect to see hold or be a pop and drop be the best test Now after that what happens? Oh, yeah bingo breaks over it Flipped into support move up simple as that That is Legitimately as simple as that But again, like that is something that we talked so frequently about just even in phase one We did yesterday less than 24 hours ago. We covered that that was my whole like mantra The first test is the strongest test first test is the best test like that Quick shout out to my friend Alex Alex one of our new gold students said no question But he's back to the salt mines this week use Looking for a big day on Bitcoin yesterday. Got it. He's a big fan of my Mara and CLSK and just wishing him well Let's keep it going. Let's keep it moving and see if there's any other emails Maybe I thought I saw an extra one out there I if there's any questions folks I skipped if you see anything that I did not answer just yet definitely let me know here in the chat But I think that otherwise we may have covered all bases here. Oh from Luciano Luciano one of our members here in the chat here Actually, my apologies actually Where do you set your stop loss on a trade? So I'm gonna be a pain in the ass here I'm gonna tell you that I have a full 60 minute class in the phase two stock course We did this a month ago in September. It's called setting stops and taking profits That's like I have 60 full minutes to kind of go over that one sub topic. So it's all in phase two there the Too long didn't read version which doesn't really help us right now like you know helps you at least learn the abstracts but This one workshop is not going to make you a good trader I hope that trial members realize that it takes months of screen time and class time to really have this in great But to answer Luciano, though truthfully this to say every stock is situational Basically, I'm gonna be very conservative with my stops. I said it basically right under my big level But every stock presents its own unique levels to work off of so That is the best answer that I can give you in the time that I have left honestly So I'm conservative with my stop setting. I Move it up at times, especially the more I'm in the money But once I jump in the trade, it's like really right under my big level not at my big level But under my big level and I'll kind of work from there From Joyce is the first test the best at any time of the day The more a stock is showing direction already and it has a resistance ahead you should expect that resistance to hold That's my answer there. So that's not necessarily time dependent, right? But like hey Leanne the more this goes up and up and up and up Hey, you expect 1030 to be reversal time. So that's like kind of part of the answer of timing there I guess but then you could say all right. Well, where's the next big level 350 Okay, I guess it actually hit there, but even here at this point, you know It ended up popping pulling back down if there was resistance there by any stretch of the measure then I Would expect that to hold that would be my thought just look what happened on Mara. Come on right here at the I'll delete this line now because now I can pretty it up a little bit. But like right here 1067 that historical first test best test Didn't matter if this was at 1030 in the morning or at 12 p.m. Or 2 p.m. If this was the first test I would have expected I I did expect that to hold and I would expect that to hold Regardless the time today. Oh Boy Sam at the horn here. I don't know if I have enough time to answer this one This is a finance philosophical question that leads me to say I might not have enough time Why do people enter huge icebergs on the ask which will suppress the price they want to sell at? Sam actually I could answer that here very quickly But I I have more time in phase two not even phase one phase two I actually have a lot more time to kind of go over it, but the answer that will help you here at least is Maybe those orders are not meant to get filled Maybe those orders are being used as facilitators to squeeze the stock in a direction We don't know what the intent of that order is But what we won't We don't know what the intent of that order is in terms of is that actually meant to get filled or is that used as a facilitator? When you see a big fat iceberg on the ask, you know, that's a sell order. You know, that's resistance, but When you see it pop up like that. Yeah, initially I think oh shoot There's a good chance it might pull back down right away. That's the first thought that you should have There's a lot that would go into this answer Sam I can't really I can't answer it here with what we have left. I gotta finish up right now head on jump into a coaching call right now It's one of our students Perhaps if you want to address that on private chat with me Sam I could answer that with you later on today if you want to message me, but otherwise folks We are gonna finish up. All right, so hey all this collectively inside our trading room private chat me there You certainly know how to access me there, but all it's on YouTube Facebook live Twitter, etc I hope you folks enjoyed this week's edition of trader stock Just every Tuesday morning live on social media But if you wanted to get the full rundown get access to everything myself and and Fausto himself there, too Inside our live trading room just scan that QR code on the top left of the stream Get you access for a week long trial inside our live trading room Get you all the education the chat everything that you need to know in terms of becoming a consistently profitable day trader We look forward to seeing you there, but our next audio broadcast will be at 2 30 Eastern later on today folks All right, we'll talk to you all soon