 All right cyber traders welcome on back for another fantastic edition of our weekly workshop simulcast inside our live trading room As well as on YouTube that being traders talk our weekly workshop So you know folks for all our students and new trial members here just joining us allow me a chance to Introduce myself here. My name is Josh Levitin. Don't have the webcam up today. I got a face for radio today But with that in mind I'm Fausto senior instructor at cyber trading University each and every week here in this workshop every Tuesday morning That is we have a chance to break down just specific trades that we had called out and not just showing you like Oh, we made money here. Oh, look at that trade there. It's it's matters saying hey What are the actual X's and O's behind taking any trade, right? And we'll go over of course the ones that we did call out from earlier trades that I took myself trades That I did not take myself trades that students took themselves and and trades otherwise that you know We'll see if they're moving live heading into the end of this workshop But this gives us really the second best outlet You know as far as what we provided cyber trading University in terms of putting a trade under a microscope and really digging deep I say second best outlet because otherwise if you're interested in joining our main curriculum as a student That is where we'd say otherwise, you know in our phase one two three classes That gives us the best chance to go over in our entire strategy in full But with that said though right before I started traders talk I had asked a question right a poll question for all our students here I quickly said hey, did you trade pre-market this morning? There's no wrong answer. I'm just you know asking to ask right? So for everyone that wrote back you had about, you know, 29% of us nearly 30% of us that wrote Yes, that they were trading this morning in pre-market Okay, I didn't have this set up on the poll at least here But for my 30% 29 to 30% that wrote yes, let me ask you what stock Or maybe stocks did you end up trading in the pre-market this morning? There are a few different stocks moving right? What would we end up trading Leonard on lace Gary on RVSN? Kathleen on lace Brian on lace there's more than just lace, but that's obviously the trade of the morning That was the best one of them right all right So let's start off on lace But even like I would say we could even start off on like a stock like a CRV actually, you know what? Follow me for a second. We'll go a CRV first Actually even better because look at this disaster right now pop drop looks like it's gonna probably just go lower coming up here Let me ask you here. What category what category? Category Stock would you give this like in terms of volatility? Would you give it one two three four five? You know we teach this in the phase one stock horse What category of stock would you give this and like how fast or slow would you say this is? What do you got Brian or a cat? Cal Margaret Kevin Brian. What do we got if I said your name twice Brian? If you have a saying for right Kevin saying three, you know There's no algorithm that we could plug in and be like it's a level three point six eight five four stock No, but as long as you're not saying I'll level one or two stock I think that you're within ballpark right reach of you know kind of the right answer So let's look at the spread right now. This is a live interpretation module right now live, right? It's live right now, but live. This is on a big spread. It's on like a six seven cents spread That alone is at least a level three. I'd say if not probably leaning towards a level four If I were to use like, you know the little indicator I pop up during that one class I only use it for that class, but the average true range You know, I don't know this is probably moving like 20 cents a clip 20 25 cents a bar here on average because look at these larger ones It means that this is a crazy stock and if you find the stock to be crazy right now Imagine what it was like when there wasn't as much volume out there even compared to what you're looking at live Imagine what it was like when you don't have the chance to set your seatbelt on Right when we talk about you know setting stops in the car example All right. Well, hey, it's only a Tuesday today But if anyone's going out to dinner with the old family later I could only imagine that the first thing that you would do upon, you know putting your your Grandchildren or maybe children otherwise into your car is to make sure that the seatbelts on right well Hey in pre-market We don't have a chance to put our seatbelt on on this type of stock on any stock let alone something with Not much volume really on the order book. Well, where am I getting to well? This wasn't really a great trade it all together in pre-market. Thankfully, I mean I guess it bounced a little bit, but that's where I could say well, you know what Today was a pretty rare pre-market day today was a very rare pre-market day because Obviously live right now this lace trade has a penny spread. It has a very filled-in order book This is exactly what it looked like at 8 o'clock This is the exact same type of order book that it was in pre-market I'm sure maybe you could say it's even a little more filled in now But this was on a consistently tight spread maybe at most two cents as it was moving higher So this was the best trade across the whole pre-market This was I think my second trade that I ended up jumping into not the first the first I'll actually show in just a moment. That was also a decent runner But this was the best, you know, this is the easiest on the eyes, right? So let's go over this trade at first We had this on the pre-market watch list, I believe at 750 Eastern time this morning I posted it probably about five minutes later than I normally do a little easy But you know, it's 750 in the morning. I ended up posting the pre-market watch list myself. Yeah, the lace You had RVS said one of us said that there There's that AC RV right from before But that means that at 750 in the morning the latest the absolute latest because it popped earlier if it popped up On your percent gainers list if you saw maybe some chat prior to the list being posted I'm sure students like Grant or later. We're calling it out at first. You know, we're talking 730 735 in the morning there and if not students like Grant or later You had rich rich posting the news I'll give him a quick little shout right now because you know before the pre-market watch list is posted I have him just do a little commentary for us and when you post the news out at 733 Talking about laser photonics secures an order some levels to work off of so we were on this early But that means even furthermore You have the time to find support resistance, don't you and that's our whole strategy It's not just looking for it on the chart, but it's a matter of looking for it on the order book All right, so let's go through the motions and I'll just kind of run spoiler here to you folks I'll kind of tell you the ending here for right now. The answer actually is on the chart The answer actually is just looking at like resistance building from the chart But I do want to go through volume if anything All right All right, so let me show the heat map Let me show what level four looked like prior to the eight o'clock move because you didn't need to trade this at 730 You didn't need to be up at the crack of dawn to file the stock and make money on it Just as long as you are up early enough to prep up your levels for the eight o'clock move. It gives you that better opportunity so Let's see if I could try and Phrase this the right way. I don't want to throw anyone off Look on the column on the far right We teach this in class in phase one and phase two and feel like all three phases honestly spread throughout in different variations and iterations We teach this Look at the far right column where it says CVP What two price levels? What two price levels stick out the most? Not just one, but two What two price levels on the far right side column CVP? Stick out to you for like Margaret Cal Scott Dominic Sam Elmer there we go We schedule just a quick call that we had for yesterday Elmer look forward to speaking with you here and Kevin as well It looks like you know a few of us are saying like 220 Right head on there head on with 220 and you could probably say a little 225 Little 225 there. No All right, so This stock ended up making a pretty good push. It was after eight o'clock But at first it took a little time It was a little chippy it ended up moving up towards 225 here false breakout and Then on the way back up it tries it again, and it's not perfect mind you But it begins the push and what I mean by that it begins the push is well It doesn't hold above 225 perfectly here, but it's two different levels to watch That's why I was asking for for both and Barbara Jeff Margaret Scott Kevin and they're all saying the right answer there It was that 220 and 225 Combination right and you do want to take the trade off the the higher of the two levels because after that point You're looking for your better reaction After eight o'clock. This is so I think I went break even on this trade at first like on this specific stock This was the second trade. I believe across my morning, but on my first entry of this. I believe I went break even Yeah, I was in from 227 I sold half at 229 and then I sold the second half at 227 like the hell with this it's not making that pop and Then on the next candle, you know I don't want you to think I just like take trades over and over and over and over and over and over Trust me. I don't you know for anyone here that doesn't like feeling impulsive Yeah, that's the last thing I want to feel when it comes to trading But what I focus on is you know what if it's not gonna break down and tank and it's actually gonna hold above 225 Then maybe it could promote one more entry Now because this stock had such a tight spread such a good order booked throughout all the pre-market It's what made this stock tradable enough to try and take this on it on a couple of occasions Really quick. This is easy to say Disregard all these down wicks here in this upwick Just it might be easy to say that and easy to hear but just disregard the down wicks It's just here this ended up holding support effectively I jumped back in on half the size that I originally had it wasn't on the full size that I had there But it was on half and then at that point it ended up pushing up Now how about this really quick quick question here Pre-market trade easy to say a stock continued up higher Also in pre-market trading something to know is that there's no Volatility holds in pre-market. So if this wants to like run to the moon and you know, if they really want to do that You can see that happen actually actually quick shout to one of our members on YouTube just before answering that question on the on the lace trade Dell 225 there on on YouTube appreciate your participation there Dell but um, you know where I'm getting to here is that this stock ended up making a pretty nice little push, but It's easy to leave money on the table For Margaret for Elmer for Scott actually more for our like more seasoned students. So if you're just joining us Yeah, if you want to answer, please, but this is something you'll really grow comfortable with the more that you're with us here Let me ask for our more, you know experienced veteran students of CTO. Let's say for like, you know a year longer For a cheap stock like $2 stock $2.25 cent stock What would a big move be to you? What would a big move be to you? I mean you always hear me say it when a stock breaks through a big level should be getting a big move like, you know If I have a run for a Congress or president, you know, that's my that's my campaign slogan. You know, it's like one of my famous catchphrases, but That's kind of ambiguous. It's kind of generic basically. What does that mean though? You know, what's a big move to you for like a $2 $2.25 cent stock? Cal says a dollar Kathleen says about 40 or so cents Leonard saying 50 Scott saying 20 or so cents Barbara saying 25 cents Kevin saying 50 cents Gary saying 40 cents Phil with a Michael Jordan number 23 cents if you meant to type little Michael Jordan number there Margaret 30 cents so like we're kind of around the same vicinity all different answers to a variation, but Generically you're within a ballpark of each other, right? Notice that no one wrote 5 cents. No one wrote 10 cents. No one wrote 8 cents Because to me that's kind of a small move for stocks that we see that make a big breakout like this So, you know what? I'll start off myself It depends on where the next resistance is mind you so 250, you know, it could be your next resistance being a 50 cent level Little resistance here at 250, right? So to jump in at 227 out under 250 And you make 23 cents there you go Phil Michael Jordan number That is not small How big is big? Well, this trade here if it were to go from 225 ish up to 250 That's not small. Let's just put it that way So if you were to get out right there, I'd say that I'd feel pretty accomplished with that profit Now on this trade maybe something I personally should have had more faith in and I mean this because I saw this in the moment I just wanted to take the profit eventually, right the more any stock goes up the more you're like, I'm gonna get out Well, look at where we have resistance From back in March back like in the beginning of March mid of March there. We'll write around 245 246 Well, hey, if it could break above that cleanly and hold above that Then there's a case to see continuation Where I probably messed up a bit where I could have held on longer for this trade was simply that, you know At least move my quote-unquote mental stop up to like 245 242 Uh, I say mental stop because again, you can't set a physical stop in the pre-market You don't have a real seat belt on to buckle yourself in with So there is more risk with holding on to a trade because you don't want to squander a profit, right? You know, I'd said this was the second stock I jumped into in the pre-market session. The first I'll show you in a moment Um, but even that like I don't want to start off the morning Not even to say zero but to start off with a completely wasted profit I'll do that when I have money underneath my belt I'll do that when I'm up a few hundred bucks in my morning or afternoon when I'm like, all right fine Like if I blow like a 15 cent profit here like, okay, that's okay because I'm already up Here I don't really have that even if I made money on the first trade It's still early in pre-market. So let's still try and get our Days pay underneath us. Let's get our cushion money underneath us So there's always more willingness to just take the money and run, right now It popped up to like 261. I think I got out. Yeah, 261. I got out I was thinking maybe you could pull back and shake back rudely and you know Hey, even there to get in from 227 out of 261 That's not a small move Right I felt accomplished with that Um now continue to push up. So of course the more it pushes up. It's like, I shoot I should have hung on to it Thankfully, this was the second trade. I made money on on the morning the first I'll again go back to in just a moment kind of going backwards here in the morning, but basically After this one, I felt pretty good. I said, all right, you know what? Unless if this thing runs to like freaking five bucks without me, you know, I'll be pretty pissed But otherwise, I'm sure I'll find other trades once the market does open And we did But you know, that's where you don't want to try and get too emotional with leaving money on the table I definitely could have done a better job on this trade by holding if I had more trust in that 245 historical level Well, in that case that would have been, you know, a nice little mental Line of support to work off of there really quick actually I wrote this to you earlier in the chat. Unfortunately, I didn't get that low But I did mention to you at 8 35 this morning for all of us at least inside our live trading room You'll see this pop up top rate Said lice had a strong historical level at round 245 that was broken as resistance earlier Should be support on the pullback. I'll show that one more time So I was looking for that. I just never got it. This thing just flew Now at this stage as we turn over to it real time now at this point Well, low float stock, you know, low volume stock typically it's not a swing trade You know, typically a lot of these stocks just die off around 10 15 10 30 in the morning No surprise if this pulls back to 245 later on today I'll be looking for a bounce there But not as a swing bounce and not as like a bounce to get back up to 350 even Hell if I can get that same 30 to 40 cent move type on Support, you know go from like 245 level back up to 280 maybe 290 That'd be a pretty solid trade, right good game plan to work with because of because of expectations and also because of that big level that we had resistance should initially Look to become support All right, so that was actually the second pre-market trade. Let's go over the First one that I took it was the vv os vv os. Oh my god, this thing looks horrible now Uh, it looked pretty bad even after like nine o'clock. So it didn't make the cut wasn't really good looking going against the open But this stock had a pretty decent push after the eight o'clock move And again, this is where otherwise it pays to be a member in Sutter chat board pays to follow the moderators myself Fausto obviously with that in mind and rich too, but you know just earlier right after eight o'clock I wrote to you vv os making a move after eight o'clock eastern time Right wrote wrote that to you at 803 Doesn't guarantee it's gonna pop right that that means nothing in the grand scheme of entries and exits But it alerts you to say okay the stock, you know, it's moving after eight o'clock. It popped up quite a bit All right, where could we find well resistance and where could we find support? Where could we find support? So I was on a coach and call earlier here and this ended up falling right into my lap So let's ask us here really quick. I'll try and fancy my book map I probably got too much here showing but All right, uh, let's see. What do we got? What do we got? Let's try and do a little of this There we go For all my students here if you're just on youtube, you probably won't understand this That's where we encourage you to just join us inside our room. Take the little trial membership there Actually got a bunch of us from our wealth 365 presentation I think Fausto just finished that up a moment ago Welcome aboard if you are a new trial member to ctu Kind of running headfirst into our workshop here each and every tuesday we do but you know otherwise, you know Hey, just make sure that you book a time to speak with your education advisor They're the middle man or middle woman between you and Fausto you and myself And they'll be able to go over at least the trial, but let me ask our students bill got him here with us today Have alan got barbara kevin phil gary got margaret. You know all of our students thomas Look at the column c o b just the column c o b Where do we see an iceberg order out there on the c o b column? Is there an iceberg order out there? What price do we see an iceberg order out at Kevin and gary saying 290 290 iceberg margaret agrees A lot of us following suit Well, this is where I like to toss a little curve ball as an instructor because the the chat psychology I've been there as a student in an online class where if you're unsure about an answer You see some students right before you and then you kind of follow like a two night That's not really an iceberg I mean, that's 2,300 shares in the grand scheme of life And especially for a dirt cheap stock think about that that is about $6,000 worth of money For anyone that does not have $6,000 in their account my apologies for asking this question But you know who here has at least $6,000 or more in their trading account at this current time I would imagine a lot of us so You know in terms of like, you know, is that big money? That could literally be you or me out there We're not market makers. We're not big money out there, right? We don't want to be Believe it or not without mentioning names. There's a couple of uh Rooms trading rooms in the past that have actually like been like flagged and legitimately caught by the sec For like trying to do pump and dump schemes and they're there are the big money Uh, that's not what we're doing here. So, you know, it's just to say at least here 2,000 shares 2,300 shares That's nothing I mean, that's an orange line out there on the heat map Right, look at that orange line out there because it's relative to what's out there But that that doesn't indicate like iceberg that doesn't indicate like that's respectable money out there And transparently enough I'd say the same thing with only seeing 5,000 shares out there, right 5,300 shares But it broke above it It broke above it after eight o'clock, right? This is where I at least focused on not necessarily the size because the size was still not large Only 5,000 shares Folks, I don't trade 5,000 shares. There's really any stock out there. I do maybe 2,000 at most myself But you know, it's still to say this is not tremendous money out there It's not a huge iceberg like we saw earlier on RVSN or LACE or any of these others out there from before So this is where we got to be careful But it did pop this as resistance It moved up from it as resistance If you really put this under a microscope as we, you know marketed traders talk to be You have a little ladder kicking in on the buy side too. Look at that Now I didn't take this trade here because it was right after eight o'clock I'm not just jumping in headfirst into the unknown, you know, we got to see at least something play out initially You see either more orders to fill in Or in this case it popped right away Hey for all of us here, I think you know it's coming But when a stock breaks above resistance and it runs off of it, I'd like to think that resistance should initially become what? Resistance initially become what? Not the second time not the third time not the fourth time but the first time Now it looks nasty here. It looks like a nasty shake down But this is where I focus on under and over Under and over. I'm not placing orders out there waiting to get filled. I mean even earlier I always try and write this once a day at this point I mentioned this just on the stock LACE in pre-market not this one But I'd said, you know, hey, don't catch a falling knife. You can't catch a falling knife You can't just place a buy order out there just assuming support to hold perfectly Especially for something that didn't really have such a good spread at first That's That's horrible risk management if anyone does that And I'm being just very transparent I don't mean to sound like a meanie when I say that because if you're someone that does that I could only imagine that you've gotten whooped on trades because You caught the falling knife it hurt. So here what I Specifically look for strategically intentionally look for is to see it go under and over under and over So 320 was my level under and over And it led to the move up now at this point. I was already on my call So it's just a matter of like hey the more it pops Of course, I could try and ride the wave, but This was my first trade on the morning. This was trade numero uno here. So, you know here on this one I said, let me just get out. I got out is actually like 406 or 401 Yeah, 401 and then close. I just basically Hit a price on the bid And click close because again, you can't set a stop in pre-market. You can't use a market order in pre-market So you have to intently follow Level three or level four and just watch the bid and really use a limit price That's under that because at least if there's an order that pops up above Where your limit price is at, you know, at least you're going to basically get filled at that price. It's called a Marketable limit order, believe it or not Some brokers at least caught that So, you know vvls was a nice trade here because we ended up seeing strategy play out It's not just because it moved up. I mean hell look at what happened shortly after I got out this was actually you know a very nice exit in the grand scheme of it all but You know don't even need to be perfect with the exit as long as we have a clean entry as long as we're pristine with getting it, right? Now that will kind of bring me towards now this point in the morning where You know even from earlier but now more so as well If you already have let's say however much money under your belt on the morning If you're up like a hundred bucks, you know if you're trading smaller shares to be up a hundred bucks That's like you're kicking ass You know, but however much money whether you're up a hundred five hundred if you're up near your day's pay like eating on All right. Well at this point now you could afford going break even And you shouldn't let it affect your psyche one bit All right, and what I mean by that is yeah, of course If a stock continues to pop up and up and up and up without you it flies without you up a hundred percent move without Of course, you'll be pissed that happened to me last week in class I tagged in for thao so he needed me to teach phase three Well, I wanted to stay true to our rules and wait till 3 30 in the afternoon to take trades Well, the trade that popped started off at 305 in the afternoon And I didn't want to feel dirty and impulsive. Well, the freaking thing took off to eternity without me So of course the more any stock goes up without you you get upset But folks, you know what if you're up 10 12 cents on a trade now and then It washes out, you know it pulls back and you go completely break even or if you go maybe plus two Or if you go minus one or whatever it is like within that tiny vicinity You shouldn't let it affect your psyche. It's like the last thing that you should ever give thought to just move on And that's not to say move on to a different stock You might want to still follow the same stock maybe right place wrong time But just move on in terms of that exact trade and you know, hey, maybe we'll make that move momentarily But let me ask us here and I'd asked earlier, but you know, this is where I was kind of coming to now at this point Uh, we got master's week. We got big golf tournament, right the green jacket. So who here is a golf fan? And it's a little fun. Who here uh, or who do you have winning for the masters? One of our students said who is that as alatoris? I think Anyone here a golf fan and if so, who do you have winning the master's here coming up? Little fun with this. I want to have I also I'm not the biggest golf fanatic. So I don't know who's on pga now. Who's on live who's doing what so You know, hey, my apologies there, but Anyone here a golf fan? Let me know No one here a golf fan I don't blame you. It's a slow sport. I'm more of a combat sports guy myself boxing mma. I really am college basketball. It's wrapped up uh Sympathetically, I would be a Yukon Huskies fan, but Abdul there we go. There we go from earlier. Abdul did mention he is a golfer himself when he tries to get out. So hey When you go par on a hole Let's just say you yourself you go par on a hole. Let's say it's the let's say it's the 10th or 12th hole And I'll get to why I say that exactly in a moment the 10th or 12th hole. Let's say we go par Is that bad? Abdul Scott is that bad? If you go par on the 10th or 12th hole Should you be upset with yourself? Should you be pissed like oh damn it? Abdul says chalk it up to experience. No Alan says par is good Absolutely, it's good Now here's the difference between golf and trading And especially with the dynamic of this chat board because you know as much as I know that most of us like do not think this way At the end of it all we are all human beings and sometimes emotion gets the best of us right myself included But that's where I say The only people that you're competing against when it comes to trading is yourself You know hey in this room I'm not competing against Alan. I'm not competing against Abdul or margaret or lee Or or dominic or sam or kevin or anyone here. I'm only competing against josh, right? Now with the golf tournament where I bring that up is like hey if you keep going par par par par And your competitors your fellow golfers out there are going one under one under one under, you know double legal albatross Starting to toss out all sorts of golf names out there. Uh, you know just to say that you're going to fall behind right That's clearly the difference That's where I tell you here when it comes to trading stocks since we're basically our only competition right now Don't get upset if you go par on a trade It's okay Especially if you're already shooting pretty well on the morning if you've already had, you know, uh You know one under or you know two under whatever you had a hole in the hole in the one right Well, hey if you go par par par all the way through for the rest of the day That's a okay in my book. That's still a hell of a hell of a round now Let me ask does anyone debate that perspective does anyone have any Questioning on that perspective or or debating on that at all. Does that make sense to everybody? Because you know, hey, it's not so easy to think about that as you're trading It's not so easy to be like, you know Think about this under a very unique perspective be more full You know fully thinking about it But that's where you know, we need to talk about this stuff here and traders talk, right It's easier to put a trade under a microscope easier to put a morning under a microscope in full And say, you know what? Hey for our students that are down on the morning right now Let's do a little math. We've got basically four hours and 15 minutes until the market closes today, right Market opened up at 9 30. Let's say you didn't trade pre-market So it's a bit about two hours and 12 minutes so far since the market opened up, right About four hours 15 minutes to go I don't I'm not going to get the best math on this but you know in terms of a round of golf. We're probably on the seventh hole right Makes sense. We're probably on the seventh hole So if you're down right now, I think that we got a lot of time to come back I think we got a lot of time now, you know, that's where I can go further and be like, well, hey You know is every minute of every day going to be as nice No, because coming up we should probably expect things to be pretty slow and stagnant. That's true That's true Maybe some of the golf some maybe some of the holes that we'll be playing on will be more par fours than par threes But that's where we need to be more selective with our shot perhaps but point being is From this point going forward from 11 43 a.m eastern time We got plenty of time until we finish up our round of golf for today So, you know, we're not going to jump into anything live right now But I want to go over some questions some emails add a couple deep detailed Ones that came in from before but I just wanted to mention that initially, right For anyone that's not as familiar with trading pre-market, please note that I don't want students to be as active trading pre-market Until they become more familiar trading the regular hours like right now when you have the chance to put your seat belt on at least, right? But that's what made this morning so advantageous because Lace just being the star of the morning. This had a penny spread or maybe at most one to two cents spread the whole way through Made for a good trade Even rvsn here this one from earlier Irving this ended up breaking lower on us just there before right so we were patient on this trade it broke down We were watching it Didn't make that move back up Well earlier this one ended up bouncing up pretty nicely Not the greatest trade to write home about but Hey, this had a penny spread. It had a very liquid order book You don't tend to see those types of stocks move as well during the pre-market hours So again, that's why I was kind of hyping this up to be such a nice morning from from the jump All right really quick coming in from one of our new new trial members here max and Um, I'd mentioned just I'll try and get through as much of this email as possible very well laid out email And I'm going to get back to him otherwise individually just you know, whether it be private chat here or Email response later on or tomorrow the latest but get through as much of this here We got a couple more though So max basically just a new trial member here joining us deciding if it makes sense for him to become a student Moving forward long term 30 years of experience already within the stock market but more with investing though like long term investing portfolio based and Up until this day they haven't really been a day trader All right, they want to learn more about level three. So that's what kind of let them hear They had more questions in relation to different videos that we had sent out as a new trial member Um, I would say max just really quickly and you'll probably probably have further questions for myself I'll look forward to at least answering those but you know, these traders talk workshops are your best outlet as a trial member I know that we offer us on time and sales and Entries and exits and and whatnot. We actually need to touch those up going into this calendar year That's on our docket. So I want to mention that your most relevant recent content that you want to go through Are these weekly traders talk workshops and every week There's just different questions that get sent in and different stocks that we have the chance to go over But those are more recent just week to week to week. Um, I just wanted to mention that at first So really quick just something I'll kind of just mention actually here I'll answer two questions at the same time just from another student too Just basically saying, you know, we don't show as much on the nasdaq book viewer inside our live trading room So that is true because myself my colleague rich, you know, we have trade station as our main broker here both of us Uh, but that doesn't mean that you need to have trade station And if you don't have trade station then odds are you probably need to get the nasdaq book viewer on your platform or pardon me, uh, not on your platform directly, but you know, at least to go directly to the nasdaq website And sign up for that. So actually just to answer for another member. I think that was asking You can go directly to data store dot nasdaq dot com and sign up for it yourself $15 a month exactly But I'll do it like a really small synopsis on the on the book viewer here briefly and then just keep going Uh, let's see if there's any stocks moving live currently No, that's not looking good Let's go to xpev Let's see if this shows so hopefully this will play in my favor with the iceberg order that you may see Let's use a different one for the time being maybe just something simple like an apple or a tesla something more name brand You can go with Yeah, let's do apple Apple typically is known for its icebergs. I mean a lot of these larger cap stocks, you have some good ones, but all right So the nasdaq book viewer is laid out pretty similar to my trade station matrix in the sense that you have the buy order side here on the left You have the sell order side here on the right So let me ask our students Look at the sell order side What price has your largest order on the ask What price has your largest order on the sell order side? scott's saying 170 uh, eric agreeing with him Yeah, 170 and that's easy on the eyes. That's an easy one for us to kind of unanimously Maybe it's moving here and there and maybe it's you know in a different color because of the way it's laid out But it's the one that's at 170 it's 18 plus thousand shares And then when you look at the number of orders that actually make this size up There's a total of 227 different sellers out there So it's very similar in terms of how you read the trade station matrix that I have It's very similar in terms of reading even level four just looking at the uh shares or size column It would be and seeing what price has your largest order at it Um, now if you look at this order and compare it to the chart I think it makes sense with why we had resistance earlier at 170 Maybe there was already a seller out there and this is just a new one that popped up But 170 was resistance earlier and it should still look to be you know later on today if it decides to move higher Uh now with the trade station matrix, it's not to say it's superior. It's just that it's literally built into my platform Just convenience see matter. That's all and you don't need trade station to day trade specifically It's more just you know, that's what I always had back when I was like I I've been with ousto for nearly 10 years my 10 year annie in october So You know really I started off just with trade station. I maybe did think or swim for like a Week or like a two week stint early. I barely even remember that. Holy crap Um, but you know, we had a partnership with trade station then and you know, we're broker neutral So it doesn't matter if you're on active trader pro from fidelity or you know, Schwab street smart edge, which Thankfully now I got a call with one of our students. Let me ask does anyone have street smart edge from Schwab? Because it is to my understanding that you now have book map on Schwab Thinkers think or swim and Schwab did the merge So with uh think or swim they have always had it They've always had level four aka book map as we formally know it to be But um now Schwab, I believe has it. I believe Schwab now has the book map You know on their platform But it doesn't matter as long as you have a direct access trading platform. That's what matters most It's just that if you don't have the type of data Then nasdaq book viewer is your best bet We'll go over maybe like one more example here briefly You know, I have some other questions from from max here just in in the email But I'll probably be more thorough just with writing them back specifically on it um How do you deal with pullbacks fake orders, etc? So Any order that's out here you have to treat as real You know for anyone that and I'm just being you know Kind of comedic when I freeze it this way. So, you know, I'm just saying it to put it in relation You know for anyone that that's out there that's worried about the world ending every single day They probably don't live a happy life You know what I mean For anyone that's constantly worried about like fake orders. Oh, they pull pulling manipulation They're just not going to get a firm grip on Strategy and going with momentum you got to treat these as if they're real Now is it possible in which an order can get pulled? Of course I mean hell if you know, I I think the stock's going to go up higher than maybe I pull my order and place my order at a higher Price that that's completely fine. So Yes, that does happen that happens quite a bit But we treat these orders as if they are real because they are I see them with my own very eyes So once that order gets pulled then we'll react to say Oh, well, what if that seller at 170 there the 18,000 gets pulled? Well in theory if that pressure from the sell side gets relieved Then perhaps the stock will have a better chance at running upward That would be a thought But you don't want to overthink because you don't know fully what's going on as far as like maybe that order is at a higher price Maybe they're going to place that order at a lower price momentarily. So you got to keep your eyes peeled It's always a matter of reacting. I just try not to overthink about it I just plot my levels and you know, I treat those orders as if they're real now dealing with pullbacks That's just more or less to say with our style of trading Out, you know, we're trying to go with momentum We're trying to be on the upswing with with momentum So even for a lace and that breakout above resistance at 226 we had 225 early this morning Well, it took a few attempts right place wrong time at first So that's where Fausto namely uses the 32nd rule he teaches in the advanced class that we offer You know, basically if it's not going to make that move Shortly after you get in it's best, you know, in which you set a tight stop or just trust your level maybe at best But otherwise, you know, right place wrong time often happens, right? So maybe some of my dialogue from before has already answered these questions now just kind of indirectly Kind of my golf examples and going par on a whole right Basically just to kind of sum up time and sales is your receipt of a transaction Let me ask you really quick. What's CVS known for? Talking about CVS pharmacy, not the stock, of course, but you go to CVS you buy your You know goods your your medication. Maybe maybe get some shampoo Some deodorant, what are they known for probably doing investigation for how many trees they waste per year Yeah, they have long receipts Well time and sales is our receipt for the transactions that are getting filled live So it's not as easy to read compared to some of the other programs because it moves the fastest So more or less, that's where I'll tell you Once I get in the trade, I got to make sure my foot's still on the gas pedal meaning like basically You know just making sure that we keep seeing orders from the ask from the sell side getting broken through getting filled So the more stock is moving up you are seeing that and the more of that that you see Well, you should see green green green green green on time and sales All right, I will mention at least a lot You know a lot of things I can dig into further I need the time to go into it further So that's where obviously only five minutes to go here in traders talk got a coaching call to jump on to with one Of our students in a bit But really though our phase one stock course offers everything a to z at least that you need to know You know just further from max here his email Just in relation to you know criteria that we put in the stock screener Um, you know volume volume traded across the total part of the day plays a big part of our scans So we have like criteria for that in the morning versus the afternoon Um, but otherwise even as important as that is again just making sure the stock has a consistently filled in order book For the ones that are on like very thin volume I Just there's no other way to phrase it than this There is a much higher risk and you are to a great level Gambling right. I mean we're always gambling in this market, but you know, we are Using less strategy and applying more risk when we're trading a stock that has very tiny orders out there and has a big spread So, you know, I don't really have a stock to kind of jump to right now. Maybe This thing here From earlier a failed move from before You know, just stocks that carry thinner liquidity. It's not going to be as easy to make decisions off of right So that plays a big part in our criteria essentially All right, then if anything hey for max here or any of our other trial members joining us here Again, I do say go through these recordings the traders talk workshop recordings I know max went through some you know workshops on top some like supplementary workshops We do offer as well Traders talk is your best bet though. We host these on our website The recordings of them so you can go through last weeks last months just all over the recent editions but that's where you'll have a better kind of Ability to pick my brain more on you know trades that we've called out of recent All right really briefly here. Let me just finish up. I got to go through a couple more emails if I can Um Well, there we go an email that came in from jill. She just says you know, unfortunately She's going to miss it live, but she'll try and catch the recording and then that's what that's exactly why we record this So, you know on youtube on the c2 student portal. That's where we have our main hub for traders talk there Uh, there we go alan just see his email right now. I got to this from before just indirectly But he said, you know, we'd like for you to talk about lace still trading on paper Beneath to see what your opinion is what could have been a better entry point exit So we definitely hammered that one home. Uh, let me know if you have any follow-ups at least they're alan or any of us Altogether just on that lease stock I'll tell you a trade I missed. Oh, this one really pissed me off talking about missed opportunity. Oh my god Uh, well, you know what it's bouncing back up now. I reckon it wasn't like the world's biggest miss But I took a seven cent loss on clsk after the market opened up And from there it bounced I took a short and it was a failed move right place wrong time I say right place wrong time because Well, look what happened later into the morning as I was jumping off the microphone It retested the vwap. It smashed under it. Oh my god This would have been such a clean entry and I just wanted to wait another minute And this thing was just off to the racetracks at least on the way down Um, it did not continue dropping at least as we just saw it But you know broke below the vwap as support support you would think would become resistance And now though it clearly is not this is not holding this as resistance at all So we might be on a on an upswing here coming up for clsk But it is to say earlier, you know, I took a small loss at first here on the short it bounced That's fine But on the way down I missed this and this would have been good for like at least 25 30 cents as it were to go Down at 15. So just wanted to a little show and tell there as far as like, hey, oh, you know, I traded this I traded that well, it's easy to say I made money on certain trades, but I'm going to tell you where I lost I'll tell you where I missed out on a nice swing and that was a nice opportunity to try and jump in short just Ah, it's all right. We're not always going to be there right place right time All right, folks. Hey, I got to jump on to a coaching call I definitely need to be there right place right time for that So, hey, let me know if you have any other questions for myself here. Josh at ctu trading.com is my email Again, if you have any other questions or trades, please let me know any follow-ups at least from this edition It was private chat me on top and inside our live trading room. So for uh, you know, Alan Jorge Leroy Loreen Frank Alex Patrick Margaret Alan Sam all of our students here You know to do there at least private chat me on top if you have any other questions I'll be able to respond back at least after a few coaching calls But I'll be back on the mic all together for us here this afternoon just at 2 30 eastern for the afternoon meeting Again, hey as a trial member joining us if you are just signing up from well 365 welcome aboard You have a lot to kind of sink your teeth into That's where we first and foremost say as a trial member. Do not look to trade Do not look look to risk real money if anything Because there's a lot to go through there's a lot to learn and we want you to take the time to kind of You know soak this knowledge in and then apply it. So, you know, hey all together We'll be back later on this afternoon. Take care