 All right cyber traders welcome on back here for another fantastic edition of our traders talk workshop I should be good to go across all ends here inside our live trading room Definitely and across social media Facebook live at LinkedIn Twitter YouTube Etc for anyone new that's joining us here. My name is Josh Levitan I'm the senior instructor here with Fausto at Cybertrading University So first and foremost welcome aboard to any of our new trauma trial members joining us here. We got Robert Josh would be for Udache great to see all of us here. So for any of our trial members here Hey, we always say that it's best for you to kind of just take a step back and not really look to trade just yet Regardless of experience, right? You know, you might have 20 25 years of market experience before coming to you know A little cyber trading university. So what we meet what we mean by that is well, hey for anyone that has that experience Do you have that much experience with day trading with with following level 3 with following level 4 as we'll look to show and demonstrate here If the answer is yes Then certainly we'd say welcome aboard and you know, you're probably a stepper a stepper 2 ahead But otherwise though most that join us do not have that day-to-day experience with following order flow level 3 and level 4 So that's where we encourage you to at least be in the passenger seat take a step back, you know The markets go in nowhere. I mean in terms of closing permanently, of course I do think we're gonna see a strong move up within the market, you know, throughout the rest of this year into early next And that's been the MO basically here and traders talk for a little while now So with that said we're gonna go over a bunch of different trades from today You know, not just the stocks that were on our watch list like, you know, quadruple C CCCC and ADTX and you know JTA I you know, but we're gonna go over some larger cap stocks that have been influenced by this move up within the market So really quick actually a little housekeeping note actually may not see my ugly mug on social media right now I normally have my home office set up here I just got back from New York visiting my family and then of course some friends there, too Just over the holiday season here. I do celebrate Hanukkah. So great to be back It was great to be back with family, but now I'm back in Florida I'm not fully set up yet. My home office is a mess. I scratched my cornea last night. How about that my eye? So running off no real vision actually, I can't even see I don't have my contacts in why is that important because Hey, I'm a trader, too, you know, and if you know, I'm gonna look to risk my own money I'm gonna make sure I am very confident with doing so and I'll tell you what if I could barely see Probably not gonna be able to trade too much, right? I'm not gonna feel too confident I'm gonna need to like, you know, keep my face glued to the screen, which I don't want to do hurts my eyes So that's where I need to be ultra confident with the stock I'm watching with the levels. I'm looking at Well, there was a stock that I took the time to call out jumping on and it's been a great trade since We'll go to that one in just a little bit though I want I do want to talk about the stock that you know A lot of us wrote back to me this morning said that they were following and that was the one on our list here one of the ones at least CC CC so Pulling back down now as I squint close to my screen here C4 Therapeutics that actually sounds a lot better. I like that name C4. Okay, so C4 that actually rolls off the tongue a lot better All right. Hey really quick folks in pre-market. We know this stock is up percentage wise coming off of some sort of good news Well again, we can't just really buy the news because look at this stock since you know end of 21 Really so even if this didn't company did come out with good news over the last year It hasn't really reacted too well off of it, right? You know, it's only made lower highs and pulled back lower over time But hey, you know what with that said for as much as the stock does drop From that point from like $50 all the way down to sub five You know, if we have good activity on a given morning in pre-market, which is of course here Then perhaps we could see a move up, right? But either way this trend leading into the market open is not necessarily upward from 8 to 930 from 830 to 930 Yeah, I can't really like say confidently up, you know, it's making higher lows here, maybe but it's not breaking a higher high So that leads me to tell you That I would not be too jumpy to take this trade right out the gate even after 935 Let's have it prove itself to us by making that pop by making that higher high and then not only that Hey again for even trial members here. You could certainly answer this. This is just basic charting 101 When a stock does break resistance and it runs off of it Again, we go through this each and every week here. What do we expect resistance to get flipped into? Resistance becomes support, right? And a few of us answering on the stream right now on social media even so goes to show that as long as you have that You know in the back of your head as long as you're hyper focused on the strategy not as much the You know quick moves that the stock is making minute by minute or as I kind of say, you know Looking at all the fast numbers on the screen the bright colors that There's a lot to kind of digest, right? So you can get a little caught up you can get a little emotional with knowing when it when is the right time to jump in Well, hey, if we have our levels set on a trade like this prior to the market opening up It's going to give us a lot better of an opportunity to take that trade to anticipate resistance becoming support or so forth Or so forth. So give me a quick sec. I actually I'm going to bring up book map here in just a bit But you know what before even do that really quick actually, you know, much like I asked with basic charting 101 resistance becoming support Where are we most likely to find the uh iceberg orders out there for a trade? What common set of price levels the stock popped this morning? But you know what hey before we even dig into book map level four You know, where are we most likely to find the icebergs because those the first lines I draw Trying to do this without uh looking at my screen here too closely. So if I mess up, let me know All right 50 cent levels and whole numbers, right? So if it drops really far down then perhaps a price like 150 could be good support here at the open You know, perhaps if it could blast over to that could be your larger resistance that could get flipped into support over time 250 and so on and so forth from there, right That's the first thing you should do on every single trade the more expensive the stock gets then you're not using 50 cent marks You're using dollar, you know Levels there, but you know one two dollar stock you're going 50 cent prices there pretty much right away All right really quick. I'm gonna try and get this here correct Oh man It's pretty funny from my side. I can only like see like blurred colors right now actually from a distance So, you know folks, let me know here. What price levels do you see as potentially big? iceberg levels kind of looking at the Orange or red lines that are stretching across the page if there are any let me know You know, if you see any darker orange or red lines going across the page Then let me know what price you see them at mark and grant both saying 210 And then lee and sam saying 168 roughly ravina as well Yeah, a lot of us pretty much head on with that, right? Even though this order disappears it goes from red to blue again Oh, well, it was out there for a period of time. It was out there from 838 in the morning to 909 like 30 minutes in time to me I respect that, you know, that that's a lengthy amount of time there at least for pre-market So you still want to recognize 210 as a potential iceberg level Now definitely as an iceberg level because you could see this orange doesn't turn to blue It's it still is out there leading into the open But that's right at 166 to be exact. So we're all correct with that answer like 167 ish right there. You look close 166 okay Now outside of that, I don't really see much on the cvp column or the delta column that is too attractive to me Uh, you know, really otherwise we'll look at the opening bell print in just a moment, right? That's pretty much it. We'll see what happens right at 9 30 when the market opens up We'll see what the uh opening bell print was that big dot that we have popping up now on book map here That was at 182 Okay, about 68 000 shares 68 477 shares and hey, you know what I like to do this at times I'm gonna take a small amount of time here to go into the old tape, right? Just time and sales and if you just see right at right at 9 30 at the market open You'll see a much larger transaction pop up. I mean, you'll certainly find it. That's it's the one that is Basically sticking out like a big green thumb So right here at 9 30. Let's take a look right there 68 400 shares it is filled exactly at 182 So that's just the last piece of the puzzle as far as us plotting these lines We're not trading the first five minutes. Anyway, you look at the cyber clock first five minutes. You can't trade So we're not just sitting there twiddling our thumbs. We're watching the chart. We're looking at trends We're looking at new iceberg levels that may pop up But we're also looking at this dot this opening bell print, right? You know, hey at least comparing that opening bell print to some of the icebergs we had here like at 166 Well, again, all of us wrote that this was an iceberg level. It's about 40 000 shares on on the buy side Okay, well, we all wrote that that was a big level 40 000 shares What's bigger 40 000 or 68 000? We all know the answer to that question So that's where I just emphasize the opening bell print as such a key level to work off of on the on the day So hey, you know what? We already have the picture already already painted here But I just want to plot a couple more lines if you don't mind like the 166 Well, right at 9 30 it drops a little bit at first, but it doesn't drop that low So as much as you still need to plot that line, it didn't get tested It it wasn't a relevant level here today in hindsight. That's all right Well, let's move this line up to 182 And here I think my friends you can kind of see what happened after the fact but Oh Actually pardon me Probably the the best question of them all What color is this? This dot this big dot at 182. What color is it? And what do we nickname that? You know green as we now answer margaret and grant answering green. What do we nickname the green? buying Okay, well if there's so much buying at that price And it pops off that price when the market opens up Then the hope would be at least the hope would be For that to become support And sam really quickly that it's filled on the ask green means it's filled on the ask side Of the order book really quick again, but you know we nickname that at least on on time and sales buying So that's where you say hey once it busts over this price The hope is to see resistance get flipped into support. You have a nasty shake here. So actually it does go under and over This is kind of a nasty shake nasty little shake in hindsight, right? So probably stopping some people out Well, this is a much pretty prettier example of that under and over under and over and from there Hey, I'm not even going to ask you this one rosanne and sam and grant all of us here in the chat Because I ask it enough and I know you know this answer But when a stock breaks through a big level, we're getting a big move shortly after right? So with that we end up getting that big move right chuck So there we end up seeing it make the push up towards two to ten You know, hey over time it chips around two dollars here, doesn't it? It was to ten the stronger level in hindsight Looks like it at least here across the mid morning, right? So why is that important? Well, we actually had that answer Earlier in pre-market, right? Actually, we assumed two to be the larger level we do. That's the first thing I plotted But when there's 10,000 shares at two dollars and 161,000 shares at 210 You tell me what's the larger level, right? I mean, this is enormous. This is much larger than the opening print You always hear me emphasize the opening print as a big level Okay, well You know, this was actually much larger So it goes to show that it was the more impactful level today moved up there The first test Is the best test where we'd expect to see it hold So right here false breakout no surprise on that came back down Now over time it chips away at it and in the more nips and naws at that price in a shorter time frame You have a very strong pop-up to it again here But finally the more times it nips and naws at it like we go over you get that better reactionary move, right? So have a nice pop now, of course, this is where we can at least say hey, shouldn't this resistance at 210 Become support at 210 Let's take a look to see what happened on book map because clearly on this chart It didn't it started to maybe maybe a slight little under and over But clearly you're not getting that reaction up Right, you know once it goes under and over here, you would want to move back up rather fast Or at worst I guess for this 210 to become very like super clean support You could just tell on this next bar I could tell very blurry from my scratched cornea Uh, yeah, you could tell that this kind of just drops a little bit lower and you know right there. It's like, all right Now there was a larger shake that happened before that and that kind of is your red flag prior to 210 failing to hold this support like what happens here at a nowhere You have a big pop up. It doesn't even seem like much liquidity got filled on the way up here Now here's the thing this is where we could at least dig into the green and say Hey, if there's so much green here at uh, you know from book map from at like 225 Pops All right. Well, this should be blasting new highs then this should be on the way up towards, you know Wherever the next resistance could be at maybe three It pulls right back down and you know right there. That's a red flag I mean a that's a false breakout just to begin So maybe a false breakout could be worth like, you know 10 cent drop-off and that's it Maybe five cent drop-off and it goes back up When it makes the pop up first and then the smash back down That is a big red flag. It's easy to say in hindsight now But folks you stick with us here inside our live trading room each and every week This is basically a pattern we see all the time and all these like stupid pop and drop stocks You know, I say stupid because we've never really traded this stock before You know, we don't know the history of this company and you know, we don't have any allegiance to it So, you know, let's say like an uber or amd at least we're more familiar with If there is one thing we're familiar with on this stock is that Yeah, it's made some pop and drops in the past hasn't it? So history could definitely repeat itself in that regard, right? You got a few of us joining us on youtube right now All right, so you know with that said I again I can give you the the greatest hits here the josh Levitane catchphrase greatest hits list here as far as you know, what I say each and every week You know, what happens when the the fuel runs out of the car? What happens when the gas when the foot's taken off the gas pedal The stock doesn't just Stall out it doesn't just go sideways forever. It's gonna go in reverse for you go 60 70 miles per hour the other way, right? So that's basically what you're getting right now If you have any other questions on this trade just for all of our students here like rosanne or kathleen Sam john michael robert Let me know right now in the chat But I do want to go over a couple more stocks that we you know at least called out from earlier today Obviously go over email questions that came in too robert paul Paolo linda andy lee got a few of us that wrote me some good questions All right, let's go to uber here really fast because uber was not on our watch list This was a stock that we called out after the market opened up I was playing around with some scans while I was in new york again Like I wasn't even aggressive with trading in new york. You probably heard me say I was only working off one screen the whole time. So even there, you know, like i'm not hunting for too many trades I missed out on a lot of stuff But with that said i'm playing around on some scans and we all know how strong uber's been anyway Like generally one look at the chart, you know, this thing's been a rocket ship But over the last five days It really has been one of the strongest stocks that have been trading some good volume like this amd Actually before today a stock s has been on that scan there too and that thing has also been on a tear But i'm a lot more familiar with uber. I got a scratched cornea. My my home office is a damn mess I'm not trying to trade too much even today with my return back to my florida You know apartment my normal home office scheme at least i'm on three monitors now But I could barely see at least uber. I'm a little bit more familiar with I like uber My friend bill ireland one of our students in the trading room big fan of uber for a long time He's been killing it there But we've been talking together and we know it's close to all-time highs bill and myself and you know, we've been calling it out Really for a little while but Today I put more focus on it myself. This was like really the one stock today I personally decided to put some focus on today. Uh, that means amd. I missed this damn rocket ship today This was one of the only ones I was more focused on last week So thankfully last week was kind to me in amd there, but at least otherwise I missed out on this this morning. I was more buckled in on uber I wish I could say I was more focused on amd given the the two moves But uber still made a nice pop right and still made money on uber. It's a nice trade But how and why right? That's what we'll talk about Uh, actually this one will go really quickly into because it's a quick story But if you happen to see here, you know, just even from the daily chart Notice the close price from yesterday the closing price from yesterday the the data box that's popping up there you see those You know green numbers you got open high low close so close 62 46 right 62 46 Now we'll show you that on book map here right here Just the dot not the line as much but just to say that's 62 46. It was nearly 2 million shares that were filled All right, so let me ask my guy bill here bill if you're tuning in right now Is that a lot of shares for uber? And robert asking they're joining the smp 500 they are that that report came out I think last week the week before I think it was last week, right? Had a good pop and you know, that's what pushed them pretty close to all-time highs But um, you know, hey 2 million I'd say is a lot of shares for any stock, especially something more expensive like 60 62 dollars So hey green we take that as buying right? We nickname that initially is buying So that was really like one of the only levels that I was focused on throughout the morning And the more that it was nipping at that price. It was really here. I was saying, okay There's pretty good opportunity for uber to try and make a new move up Didn't happen right away. It ended up breaking over that price, you know, it just was chipping around there for a little bit I was doing option calls on uber So if I was trading the stock to be transparent with you, I don't know if I'd be getting stopped out or not I mean, it didn't really break lower, but it dropped off like 15 cents from 62 50 basically 62 46 that price um The purpose of this example is to show well Hey, it took a few attempts But it broke off 62 50 and made at least a pretty decent move up to the next resistance made a 50 cent move up So you still at least want to hang on hang on to this trade if it's making higher lows It's moving up. I'm not trying to take a small profit because I dealt with the shakes Hey, let's follow what we always say here when a stock breaks through a big level We should be getting that big move So if you're still in the trade at least and it's not breaking lower at least and you know, you're stomaching the shakes It's a pain in the pain in the ass. It really is but it's starting to move up again This is not a big move Right So there's a quite blunt phrase. It's not a josh catchphrase mind. You know I'm a lot more clean than that But you know, it's basically to say Bleep or get off the pot, right? That's kind of the catchphrase there. That's kind of the phrase there basically, right? You know, let's see this make a more decisive move off 62 50 62 46 where we had that alleged buying Robert asking what is that line the green line? I don't see green. I see yellow But that actually I'll just delete it was more just the closing bell Print this green dot from yesterday. That's what I was focused on But hey this stock I was focused on at 8 30 in the morning at 9 in the morning, right? This was not just you know stock ABC that popped up on my radar Midway through the day You know those types of stocks I have a lot harder of a time to feel confident within taking an entry Because I don't have these levels prepped up in advance, right? If you have the answers to the test before the test is given out Don't you think you do it get a better score that you'd score higher? So that's why we take a lot of time and pre-market from 8 30 to 9 30 You know the hour before the open you got to make sure that you're prepped up at least for the stocks Or stock that you're you know really harping on So again, I can't stress enough myself today. Hopefully my eye gets better tomorrow pop my contacts in I could barely see right now Uh, so I'd probably chart a couple of different trades personally. I normally do two or three Today I really just said uber looks strong if we can get a bounce with the market off the cpi report Perhaps that could be a good trade Um, I wish I said that about amd because that made the better move But point being is that this made the move I was looking for it to make off of yesterday's closing price And one more time for me folks in the chat board right now one more time for me When the stock breaks above resistance and it moves off of it We'd like to think that resistance should become what? Ah robber joking here. He says hey, some of us have uh color slash eye issues too Yeah, my actually my dad is uh Mostly color blind. So uh, I'm hoping I don't catch that over time But yeah resistance should become support, right? Right on The freaking nose On the nose this hit 62 46. It's not magic folks. It is big money And trust me. I am not the brightest bulb of this bunch. I am not the sharpest tool in this shed. I swear to you I'm telling you right now Probably on the lower end of that so it's to say that as long as we have these levels prepped up It sure gives you a good opportunity to at least focus on the basic principles You can't reinvent the wheel with trading So even book map is not reinventing Strategy, you know, maybe it's allowing us to remember where certain levels are so it gives us a good edge but It's not revolutionizing or it's not a completely different strategy from what we've always been preaching right Resistance becomes support support becomes resistance Now hey the more this pushes up. I'd like to think eventually This can make a push to the next resistance level, which was actually yesterday's high I think 63 was actually just the the clean high of the day from yesterday 62 99 So, you know the more times it nips and does that this resistance we should be expecting A more decisive move, right I mean hey 50 cents of a pullback from the first test year. That's pretty decisive. Don't get me wrong But I would like to think the more it keeps going at this price on the way up Then we should be getting that higher high, right? And you know, we're actually really close to all-time highs on uber Right bill I gotta go back to my weekly chart here actually to show that There we go 64 0 5 all-time high back from feb of 21 We're right there So this could be a really good swing. Well has been a great swing trade obviously, but you know We'll only continue to be a good swing trade as it's breaking all-time highs Especially with the market looking really strong over the last month. We got the fed meeting tomorrow You know, I think a lot of us are expecting the same thing out of the fed tomorrow, but We're not always expecting the a certain reaction, right? So it's more of a matter of following said reaction tomorrow afternoon But should be getting other pop that's definitely going to take uber into new territory. I feel over time All right really quick folks just got to go through the chat board making sure i'm not For getting any questions. I am not All right now Hey, I always like to say feel free to email us ahead of time Just any trades from your journal that you'd want us to go over or any other questions entirely Send it right over to my email address josh at c2 trading dot com any one of us joining on social media today Feel free to join us inside our live trading room actually scan that qr code on the top left of your screen right there But you know for our students that emailed me actually again josh at c2 trading we have linda paulo Robert andy. We got a few more perhaps. I think on top I gotta dig through my inbox here. So let me go through a few of these actually all right, so Let's take a quick look Sometimes you get some responses to uh an email we send out and the responses. Nope I don't have any questions right now. I'll see you there though. So I think i'm getting that from a couple of us right now to begin in email So at least one thought from a student or from a trial member here I believe I think they're they're not a student just yet just a trial member That's all right But we want to make sure that you go through our full curriculum before you really begin to start trading larger sizes or At least, you know 500 to 1000 shares whatever it may be Even if you have a large account size If you haven't produced well with that account that doesn't mean You're gonna, you know produce good results with us right away You got to make sure you have this strategy kind of soaked in so I got a question just from one trial member unnamed And we'll just say you know, hey, I kind of get frustrated since I'm new at this kind of trading It seems like I only find stuff after it's made a big move So, you know the one thing I just want to comment on there if I can You know, it's just that wasn't a question as much just kind of a sentiment And what I could respond to in that sentiment from my trial member that emailed me is that A large part of my confidence comes from preparation. We just went over it right Hey, let's say if I had two eyes today and not one eye and let's say if you know, I'm on my normal system here Well, if I'm feeling sick if I wake up late if I'm not there to prep up ahead of time Then for those stocks that I'm interested in I'm not going to feel as confident to jump in And then I'm going to feel more overwhelmed because I know I'm late to the party and then I'm not going to scan as well So there's a process behind making sure that we're behind the ball on at least most of these trades One thing that we have to accept and I just say this to everyone is that We're not going to be there to trade every stock folks. There's like, you know Thousands of publicly listed stocks that will look to call out perhaps over time We're not going to be able to Be on the ball from low to high on every single one, right? Just you know, we always have to accept that regardless. That's where amd Personally me. I know a bunch of us did well on amd today. I did want amd last week, but today Hey, I missed out on this one. Um, hey cccc. I missed out on this one But as long as you're able to Be more prepped up beforehand You know, hey again I'm working with this. I'm working with like 80 percent of our students Of course just in our room between the one-on-one coaching sessions You know, if you're a long-time student it comes with your course packages You've got a boatload of them as a new student. You get a few But either way I'm working with the majority of our students that are in this class right now This is this workshop and I have one in particular. He's going to crack up right now unnamed unnamed won't mention name Uh, just mentioned that you know, I went over this with them on a coaching Call last week as far as the preparation behind it and You know, they Definitely are very firm with with understanding what what we're preaching in our classes and I know it from dialogue We have great conversations about Opening bell prints and halts and you know levels. I know they have good levels But the one thing I know they're lacking or they have been is the preparation behind it And that's what's going to make you a little late to the party or going to make you a little more frustrated thinking that you're late to the party Maybe you're not late to the party Maybe even with the stock moving up there could be damn good opportunity to jump into the trade As long as you have your levels set So even if you didn't take it from the first good level, you know, there could always be more opportunity You may be late to the party, but you're always able to grab a good piece of the pie There's a difference between that And just outright impulsive chasing correct so You know as long as we're methodical with getting in and we're taking it really from a clean level and we're getting in just a few pennies above it Then hey, let's look for a big move shortly after right Sam says that's why rich starts with the top stocks on the winners list because they're likely as to move up Absolutely, sam josh does that as too So yes, we always start from the top here at c2 and those are the most active, but those aren't always like The best ones right because sam We need to incorporate spread Pretty much more than you know the top of the winners list right that actually is even more of a concern but you know just to kind of answer that that kind of Sentiment from my trial member joining us here. They were frustrated since they were kind of new at trading The best thing to do is focus on the prep part because it's a marathon not a sprint You know unless if you have the irs or the mob knocking on your door trying to uh, you know squeeze some money out of you I think that we all have a little time to try and get this right So that's where you know as long as you're studying after the fact and applying what we're preaching You know to studying more than anything you're going to become more reactant when you're actively trading You know screen time is as important as studying but Otherwise as long as we have these levels figured out then we're going to be able to do well over time. That's it All right from waney says as you focus on a few prospects Near miss that gets away from you simply proves you were looking in the right place Keep the faith and continue. Yeah, that too. That's one way to think about it wane, right? Um Ha I just mentioned just generally right like let's just say like if you if there's a trader out there that misses Most of the moves that that they're looking at You can't always you know It's it's much harder to always think Me like that if it always happens to you, right But that's where you and I would need to work together one on one or hey You send me your journal if you're not doing coaching with me then you could always work with me via email Send me your journals and I could at least go over that with you on the side But you know, it's always good to have a second set of eyes on trades And there's always a good perspective that we could provide that's constructive that could help you at least You know in the in the next trade that you take from that point or the next one that you watch So you could be more confident with actually reacting to it and taking it All right, let's go back to the email machine here Just go back to email questions again. We always say first come first serve Especially via email josh at c2trading.com Here we go. Just really quick. You got a couple of these that come back to me So from paul actually saying i'm new to the service just soaking it all in at the minute No specific questions at this time a okay. I just tend to get those emails at times from new members So I got to kind of fish through those every now and then All right from andy. Here we go a couple questions from andy. Good ones here so Let me see Nope, I got them. Pardon me. Yeah, I got the chart that you sent over. It's on the stock alt What I'll just do andy just to show everyone else. I just showed the the book map level four for it So andy's asking a couple questions What do you do when you identify a circuit breaker like a halt basically andy's asking more or less What happens when a stock gets halted if i'm in the middle of the trade? Should I get out as as soon as possible if i'm not able to get out? Should I avoid the stock entirely or i'm sorry? If he's not in the trade yet, should he just avoid it entirely? That's the first kind of question there that he has Uh as a new student joining us, let's say if you're a month or two in I would not be aggressive with hunting for trades that are already halted and to just jump in on them expecting to move up higher Um, I say that just generally to new new new students that are a part of the gold course here at ctu Now if you're already in the trade and it got halted Hey, that could be really good, of course You just got to make sure you have your levels mapped out and otherwise if it makes higher lows You know continues to make higher lows then you're in a good position If it reopens and it just gaps up right away Like i'm sure you'll be more impulsive to sell and take the profit because you want to do the right thing And just take the money and run right? That's what we all should be thinking more so than less More than less so, you know, you're going to look to get out instinctively I feel that's kind of just you know second nature because you're up more money than you normally are So shoot, let's just take the money and run But as far as like an actual example, let's say an actual example as far as seeing a stock get halted Well, there was one halt today. I think there was just one halt today that we had it was the ad tx An ad tx got halted right at 9 30 So hey at 9 30 this morning We're not trading are we? We're waiting the first three to five minutes anyway, right? Well, I think this actually got halted for not a five minute halt, but this was a 10 minute halt Meaning that you know, if it's not a five, it'll be a 10. It's actually very Beginner-ish rule to give but this is really how Fausto and I Calculated the vast majority of circuit breaker halts are five minutes Like I'd probably say like 95 percent of them are five minute halts It's not 50 50 not 60 40. It's like 95 five So assume five minutes If it's not five minutes if it's literally five minutes and like one or two seconds goes by Then it's a 10 minute halt. So this ended up being a 10 minute halt 9 31 9 41 correct Okay, so again this popped right away this example So unless if you hung on to some pre-market trade, which we don't advocate students to do Right, you want to give the stock a chance to breathe and relax You want to give yourself a chance to breathe and relax Right, you always say that here in traders talk So let's just say no one's in this trade yet. It pops up right away. It gets halted. What do we do? Well, man, this was up a lot percentage wise at that time I mean it was testing 8 8 50 by the time it reopened up Uh, you know, it's up 65 percent as we're talking. So this thing had to have been up even that much more So you definitely want to be hesitant. You don't want to just jump in to jump in, right? I mean just take one look at C4 that stock from earlier, you know popped up earlier it pulled back You don't want to be on the wrong side of a shake right even with this bouncing back up a small amount There's no guarantees that that happens, especially for a crappy like low float stock like this So, you know, that's where I could say at least hey when this reopens up from its halt Well actually pretty similar to 9 30 when the market opened up for this trade 80 tx We ended up actually seeing a halt that came in this was like, you know, what we'll call the opening halt print We talk about this in phase two a little bit when I have the chance Let's see. I might need to go back just a small bit here on the time in sales Just get the right timing here on the tape There we go All right, so when this reopened up from its halt, what happens? Well, we had a big print on the tape right at 8 29. It was 113 thousand shares that came in Right Now it's actually yellow on time in sales. Believe that right What's the actual condition? What is the actual technical condition for yellow? What does yellow Really mean? What's the Legal birth name of yellow like we kind of you know describe it My nickname is josh my full birth name is joshua max levitan, right? What is the full Condition for yellow do we know do we have any takers on what yellow is? I got larry my guy larry here right away. I love this answer from him and he is correct It is not just filled at it's not just filled at the ask That's green Yellow is a step above it is above the ask Now We kind of group that with green right and we kind of group it with green And we say okay. Well, you know green and yellow. We nicknamed together and say that's buying right Okay Well, if that is actually supposed to be that much buying at that price then Certainly, we should be seeing a pretty good move off of it very shortly after then right It should look to hold above this price and pop higher Well, it does It holds above it on the next two bars and it goes up to nine fifties, right? That's a pretty good move so far Let's see more then right maybe it can go up to 10. Maybe it can keep pushing All right. Well, clearly you could see it doesn't and over time It ends up pulling back that larger red candle right here So right then and there you start to say uh, oh Well, you know, hey if that's supposed to be buying then at least that should hold above it as support But here's the thing it did that already That already came and gone this that was here The more times this nips this price as support It's gonna break it now On this pullback even that's like a red flag that that right there is like, oh well Let's think about it If there's supposed to be that much buying there will like be been saying it should hold the level and run It slices under the level over time, right? When it begins to pull back under the level and it holds under the level Right then and there is where we can then say finally then could say Well, maybe that isn't buying And if that's not buying There's only one other thing that that is going to be And that is selling and to go a step further into that. Well, hey, there's two types of selling, isn't there? There's people taking profits selling like taking the money and running selling And you know what if anyone's able to short this stock It's hard to borrow on trade station for me But you know if you're on some like offshore crappy prop firm that like gives you the the shares to trade Low float stuff that you can blow up your account. This worked out at least, right? You know, hey it held under this level This would have been the responsible price to try this from and it worked out at least, right? You know support became resistance. It still shook around it slightly. There was a pop and drop from there briefly, but It made a big move from that level it sure made a big move from that big level, didn't it? So at the least we're not trying to short this stuff We're just trying to get out before this thing crashes back down, right? So when it comes to that type of halt andy going back to andy's email You know, this was just one example There's a bunch that we can go over on a weekly basis here and traders talk or class But this one the opening print the opening halt print there when it reopened off of that halt Well, that's the price that you traditionally want to follow Now I say that to everyone as a new student I would not suggest to be trading a stock that is reopening up off a halt, right? If you're already in one then perfect that could be a really good scenario More likely to take the money and run though off a pop and you'd feel good about But you know, if you see a stock getting halted like this, you don't want to just jump right in after All right, one more from andy here. What is a good exit for this successful trade? That's the one he sent the picture on and I'll show you what he sent me here This is the ALT trade and this is actually I'm sorry. I can't show the book map. This is from The seventh. This is from last week. I believe So ALT Andy sent me the chart. I'll basically show you it from trade station. You just sent me a stinker swim chart. I believe so from the seventh at The market opened basically Andy I keep forgetting you and your brother are an hour actually ahead of me not an hour behind me there So I was looking at 1030 market open. I was like, what the? No, no, so Yeah, an hour ahead of us there Let's see That's the eighth Seventh bingo. All right. This is the chart that Andy sent me here. Basically asking me like what is a Successful entry or I'm sorry. What is a good exit for the successful trade? So Andy says that he exited on the first pullback of two bars So that I'm not too sure of as far as the Exact price and time so that's where we do encourage at least folks if you do have a trade just to send me please just send me like the the journal like the Excel spreadsheet at least if you have it from class Even if you don't have that just send me like the time and price that you got filled that Because then I can like really correlate pretty quickly with this, you know chart. So one thing I could say Well, actually one thing I could ask How about this? Let me ask all of our students here in their chat board including Andy. Perhaps if he's here Um, what time are we normally expecting reversals? Cyber clock you look at your wrist watch here. You'll cyber clock and what time are we expecting reversals here? Around 10 30. All right. This thing popped up pretty nice It really pushed at this point prior to 10 o'clock and right at 10 o'clock Even on this dip it still held support right a little higher low moved up again All right. Well the closer we get to 10 30 I'm naturally thinking that You know, eventually this will look to fade off or not provide as much of an opportunity to make money So as long as it keeps making higher lows then that's one thing But it seems like just right on the freaking nose at 10 30 I mean, it doesn't get better of an example But I want to be a transparent and tell you at least as we always say here You can't trust 10 30 exactly on the nose For every trade on every day of every week of every month, you know, it's not that flawless, right? So Let's say you're in the position already and it's moving up. You're in from let's just say even 740 And it's popping and you're up like 50 60 cents Naturally, if you're not up that much on a normal basis on a per trade basis and you're up 50 60 cents here I'd be more inclined to get out Now again, if it's still making higher lows and you're seeing support clearly getting built and not breaking Then you could still play that game, right? You could still play the higher low game and keep seeing it go But you know over time you just want to be more mindful of the closer we get to 10 30 then does it become worth it? The majority of the time Like the vast majority of the time The answer is no So it's just that this one was too perfect to where like it hit 10 30 basically on the gun like right there then text So that's like really what I can kind of you know shed light on there Andy for that one trade I don't have the book map though. So I'm sure that there's a lot more to it there Uh, let's see actually if I can try and go through one thing here, maybe So that was the seventh there Let's see the high from the previous day was 762 I don't normally just use that as a level but You know just hey if you had that plotted and it smashes under there then Obviously, that's a bad sign. It was already dropping off pretty sharply prior to even hitting that price so yeah, I mean like you don't really You know book map is going to give you a better story But alongside that the the reversal time roughly around 10 15 10 30 is what you want to kind of look at there Um, oh got an email from my friend here Lee and Lee. Yes, we will absolutely chat coming up here I'll get our next coaching session scheduled actually We'll do that coming up at the end a few minutes here But we had a quick question on jtai Yesterday at about 945 Uh, just discussing how to handle pullbacks when you're in a trade. Cool. So let's go to that one right now a ye so oh, I gotta go back on my chart reset it That we did not trade we did not trade that mess But yesterday we did trade jte jtai and it popped up pretty nicely This is what lee was talking about here and he's asking like how do you handle pullbacks? So let's see. Do I have this on my heat map here? I hope I do but I don't think I do I might need to load this up here pretty quickly. We're going to finish up traders talk in a few moments here folks again Just going to say this early on social media Just if you wanted to join us inside our live trading room Scan that qr code on the top left if you're not already subscribed to our youtube channel at least Be a friend tell a friend spread the good word at cyber trading you on youtube on facebook twitter etc But join our live trading room catch up with us all throughout the day fowstow himself as well Just scan scan that qr code on the top left of the screen now that though is a filibuster there is book map loaded for me. There we go Here is jtai and this is from Let's see and this is from yesterday like early afternoon I might need to go back even a little bit more here lee One second my left eye is killing me Oh, man. All right. Definitely take a break from the computer screen later today. I think I have some coaching calls coming up on top All right. Yeah lee unfortunately. Let's see is it gonna let give me what I want Ah, it's not letting me load up prior to 12 o'clock eastern time here You could see it popped up again and then dropped into the close But lee was looking for before that it popped up at the open yesterday And then pulled back and then had the bounce up So I would have loved to have shown that lee on the book map. I I for some reason don't have that data there Here's one thing that we could focus on how do you deal with pullbacks? Well, let's talk about reversal time again. This was popping up going into 10 30 So by 10 30, this was already shaking from here You know, it made a high or high again, and it made one more. I reckon but You don't want to hold on to this You don't want to hold on to this like you know mess of like a range here Unless if you're in from a really low price, you don't need to hold on to this and you don't want to But otherwise, let's kind of talk about maybe This pullback That could be a pullback where maybe we could focus on a higher low or maybe the run up later throughout the morning, right? You know, it does drop right at 10 30 here. It seems But you know, is there a level maybe that we could utilize? Well, I'm going to shoot from the hip here. I don't have book map open But you know what if we actually go back to the chart here pre-market Looks like generally 250 pretty strong resistance. Anyway There is a chart level definitely right here at 222 That seems pretty good to me now. It does seem like that level is pretty choppy though afterwards I just want to mention that So I only got that from the chart. I don't have book map to confirm volume there So it seems like that was pretty choppy But what wasn't choppy was the 250 level this broke over 250 And that resistance did get flipped cleanly at least into support. That's like easy on the eyes there perhaps but In terms of how do you handle that pullback? Well, hey, if you're in from 280 at this point, then there's no handling you just take the loss You don't want to hold on to a 30 cent drawback for such a cheap stock That is a huge percentage of a loss that that you should not really be taken You know if you're trading options, I know some traders will look to you know hang on to a trade for like 25% loss or whatever And maybe that's even a little too much there But options is more leveraged and I understand the reason for that With trading a simple equity a stock. There's no need to do that, you know, especially on this trade Hey, if you try doing that when it was at 310 320 Look at the drawback that you're dealing with here. There's no need to rip your hair out Is it a guarantee it goes back up again? Absolutely not Absolutely not. Look at adtx here, right? You think this is likely to go back up later? No, I will say if this goes back up later Count me as heavily as heavily surprised that would be jaw dropping I would not be expecting that right because that does not happen more often than it doesn't so uh, you know with that said stock like You know the one that we just had before the jtai Look at where it's at today. Look at where it'll be at tomorrow, perhaps and so forth But you know with that said the first little drop back that you had 250 that did become support If you weren't in the trade already then that could have been used as a really good support level to enter off of All right, folks So we are going to finish up though officially for traders talk here for this week If you have any other questions, feel free to shoot me over a quick email Josh at ctutrading.com is my email address again. Please any trades that you want me to go over You got to send me your journal. I might start to kind of say, you know We'll go over the trade unless if I have that excel spreadsheet Right or at least to have the clean times and prices in which you took the trade I want to make sure that you are journaling that information because it's for your own benefit as a trader All right, so folks again, let me know if you have any other questions. Josh at ctutrading.com We'll be we'll be back later on this afternoon at 2 30 for the afternoon meeting. Talk to you all then