 All right traders today, we have a very special video for you as bow comes back with a new daily recap. It is December 2nd 2019 today he talks about AKTX ASLN BIM I CANF CLVS HEPA and ORMP First day back from Thanksgiving break Everyone is eager to trade how to keep your discipline in check and make money with the least amount of stress Also, we put together a free two-hour webinar for everyone open to the public Register now and reserve your spot at my investing club dot-co. That's dot-co limited spaces available All right guys, welcome to the day the recap. It's December 2nd 2019 11 17 18 market time. I'm gonna mute you Alex It's been a while since we did a recap. So happy Thanksgiving guys. Happy Thanksgiving Welcome back today was actually very hard to wake up. I I mean you imagine eating all the food during the holidays We were off for like four days five days and then you have to get back to work So how do you get back to work guys? You have to just go back to your process The process began before you even sit down on this on your desk, right? Um So it started last night last night what I do is I ate well I exercise and I went to bed very early I got I got into bed at 9 p.m. By 10 I passed the hell out and then I woke up You know we maintain my form my routine. It's like a golfer. I keep telling everybody trading is very much Routine and process based you have to get into a routine like golfers That's why you see golfers get into their stance and they do what they need to do same thing with NBA players They when they do a free throw they they have their routine because they're doing it over and over and over and over And so becomes second nature becomes a reflex and I call that trading like a reflex But but pretty much is a process is a routine that you do over and over and over until you you know It becomes second nature you the moment I deviate from my process in any fashion That's when I I'd like what the hell when I do I'm gonna make sure on the fly up And so the process once again begins the day before you've been trained it starts before you begin to your desk If you're if you waking up late, you're fucked Whenever I wake up late, I Panic I don't have time to do my research. I don't have time to do anything. So process is very important Look at Alex. He's cooking now. So what you see on the screen now? We were adding a webcam. So so here's Alex So keep your clothes on Alex So before I start I want to talk about the zombie rule and why the zombie rule is so important So see the LBS we'll start with the stocks the LBS This thought I actually didn't trade That's because it got restricted at one of my brokers and when I went to another broker It was like 20 something cents a share and I was just like I was too late I was like screw it and it was already you know, I was like, you know what is my first day back I took Friday off. So I haven't worked since Wednesday and last week. So it's been almost a week So I'm kind of rusty. I have not really done research on CLBS So I said instead of trying to tackle this. I'm just gonna let it go I'm not going to mess around with it because I don't get myself in trouble When you feel uncomfortable with the stock You don't have to trade every stock that that moves guys. You do not have to trade every stock that moves You you stick to your bread and butter or you do your niche or whatever and you can learn So what I'm learning about CLBS is this CLBS and you take a look at the stock And we talked about this many many times It's been up almost 10 days straight Forget the three-day rule. It's just walking up like crazy. You go You will go bankrupt before any of this thing goes down. So when you see a stock like this I tell everybody even says on Wednesday last week last week I said the best way to trade a stock like CLBS is to wait for the first red day When that stock makes the first red move, that's when you can pound it Okay, until then let it do its thing. Do not cherry pick this pop You know, this is all front side wait for the back side. Let it exhaust itself This sucker walked up for almost 10 days from $7 $6 to 17 plus, right? So let's go back to three days on this And so, you notice during pre-market, I told you guys the same exact thing look for the wait for the red Wait for the first day red. Don't fucking fuck around. And so let it do its pre-market thing So let's actually take a look at this. Okay, I'm gonna put CLBS Into a wow, this is a two-day and so let me to to one day in today The market opens at 930 and it did this thing right up It just fucking triggered all the stops and start taking down. It's still not ready today. It closed at 1493 So what happens is this so you can do a couple things you can start drawing your lines of support, right? So you're like, you know what man this thing is way over view up And so where would you short if you wanted to really short something like this you wait for to drop under The last major support in this case around the 1550 to $15 to this line You see something that that is the last major support and that's the same thing from Friday So there's actually pivot line so you can do a couple things you can get into a little bit early And then stop out if you want, you know, but the key is do you feel it's gonna go red? And so the red is 1493 So if you wanted to be really really safe you short it underneath this and It went down to 14 bucks. You would just made a buck Save money or what 50 cents or 25 cents, whatever that you want to make it done, right? There's a lot of good traders like a congrats Joe Let me see let me let me bring this on to show everybody what Joe did I want to read what he did So good job Joe When we do is uh, so let me do this Joe. Let me bring you on. I am going to unmute you Joe. Oh, you have a mic Hey Joe Yeah, hey, what's up? Hey, man talk about your train. Sorry, is my is my career or no? Yeah, just got talking a little louder Yeah, sorry my Oh So I would read what Joe did go ahead Joe and we'll wait for you. No big deal Mike better now. Yeah, I wanted to show I'll talk about the mindset and where you entered and why you entered there an accident, etc So, yeah, it was When when I saw the chart it was very much it was very different from from prior days So if you guys look at the daily chart on CLBS and you notice the clear difference between today and the remaining days is There was a very large gap up today I think it gapped up like six and a half percent or something like that And then you had the big morning push which if you look at the prior days was a very very different setup the Price action from everything else in the prior. So if you look at bow's chart look at the opening Prices on the prior day see it grinds at the open and then it breaks that morning high And it continues higher it continues to grind higher so right there at the open you can see that $13 level on his chart and You can see that it grinds higher. So today when it gaps up a lot that to me is What I call basically price exhaustion the the chart was exhausting itself So really all I waited for was the volatility to finish and I was like and Sam said it too Me and Sam were in a in a chat together and he goes bro a new low of the day and this thing is toast It's going red. I'm like yeah, bro 1550. That's my line like when it breaks that I And I go calming crazy because we don't really say death line in large caps or even mid caps because man There's no true death line in those charts. It's not like a small cap company and you don't have to stop and And so bow said it right. He said major support and I always mix that up I always will say death line, but it actually is it's true bow said it right its major support So 1550 to me was a major support crack It had a new low of the day major support and again, I waited for that five-minute close So if you guys look at my chart That I posted there from the trader view upload when you look at that chart You can see the five-minute bar closes under 1550. I wait for that close. I shorted there I started there and It just proceeded to dump. So I took half off and When I was up about 50 or 60 cents I believe what it was and then I took I intended to take another half of my half off at the $14 level, but I Accidentally covered everything which I guess that was the the market gods telling me that was the right decision to do anyway, but Covered into I I intended to cover in the whole dollar numbers So half and whole dollars to the 1450 level and then the 14 level and just cover along the way because I think bow mentioned that like 1393 or 1392 or something like that SSR was gonna trigger and it I To me it it was it was gonna come too far at that point. So I don't remember what the prior close was on COBS it was 1493 about 1493 So I did I still left the calculator. So Fort so 1493 times 90 percent when the SSR it came out to that So it never quite reached SSR. Yes Nothing changed. Yep. And so this is what happened guys So Joe said in exhaustion another word that you may hear often is a blow-off top So they call this a blow-off top And so it blew off twice actually don't laugh That was to blow off It was here, but that's how you can make your money. So the closing price Let me see what the closing price for this is. So let's go back to 3-8 chart It trapped a lot of times man knows this oh there we go guys the difference is this on Friday It had a blow-off top supposedly right it did the same thing But it never hit red the closing price of here guys The low was what here at the open it never hit red. You see that it did not go red So that is the difference between today and Friday Friday had the same move It went down and it trapped You say it went all the way up like but it peaked at different times you guys it peaked at 1030 where the zombie was supposed to be right and so it's like yo it during the zombie it tanked out They worked it way up So that's why we say I don't want to mess anything during the zombie hours Even though it's a blow-off because you never know but the easiest trade once again is if it went red It did go red and so you did the same thing and then look what happened guys at 1030 on the dot Was the low of day it trapped again The reason why Okay, this all hindsight whatever it may be you call it. There's so many Bag holders man of shorts shorts are fucking trapped and it does not unwind that easily guys This is not a small cap This is not a small capped pig. This sucker is a mid cap There's different rules, but then once again the same rule applies at 1030. So great job Joe. I'm doing that Are you done? You want to finish saying where? No, I was done. That's it Awesome. Great job Joe Now like this new format, but you see what happened guys at 10 freaking 30 man If you do not respect this by now, you're gonna blow your account up as a short seller So, how do you take advantage if you're along? It's very scary actually going along this thing's under red I wouldn't even touch it dude, but if you do if you do set a heart stop Learn learn this pattern learn this zombie rule pattern, you know, you you you may All you do is if you wanted to just just check this out at 1030 to see how it moves This is the pivot line once it broke the pivot line for 1470 get into the long you wouldn't make money 1480 get in the 1480 Ride it up so but the key is just knowing these areas knowing the time rules and all that helps you as a Short bias trader as a long bias for Once again 1030 on the dog this stuff is just I mean I can't make this shit up, right? And so let's see where it topped up it topped up. Here's a 1650 line. Look, it's the same thing line-to-line man 1550 was a major one the broke 1550 boom went all the way back up to 1650 So you use those lines the next line would be one like up here at 17s There we go if you just shorted the 1650 line you're in the money take the money you get the hell out if you want Any questions guys on that? So we've seen an example of a zombie on a larger type of stock Phenomenal phenomenal trade guys. Good job on that I'm looking because I got I got a fancy order feel I even though I had no So I'll show you what I'm doing right now Let me finish it because I want people copy these traits and you may lose money So don't don't copy just learn guys. Let's start. Okay, so that was CLBS What we learned was this the first day red wool is the easiest trade for these type of stocks Don't cherry pick the top you're gonna die Learn the 1030 rule even though this is the first red date It bounced off of the 1030 zombie rule always be Recognizing those rules man layering your wrist parameters Don't just think that it just your money in the money a dollar this thing just went from 14 bucks to 1650 man You're dead even if you're in a 1550 the last major support like Joe said You wrote it out to 14 and you're did not take any money off You're down you just went from up $1.50 to down $1 of share How bad of a trader would that fuck your mind up? You're not bad trader. You just got greedy and how many times that we get greedy guys a lot So you have to plan your trade if you don't play your trade you making shit on the fly you would not cover Why would you cover a 1450? Why would you cover any off of 15? Why would you take it off of 14 bucks? When you're in at five 1550 you would fucking have held that shit and watch it go up and you know what you would have added I would tell you the mind of a jay trader now This is something that I don't want anybody to do guys and this happens to me often when I was earlier in my career Because I got very greedy so what happens is this 1550 breaks because you're like oh man This might be the death day. This might be the death day. It's a blow-off top. It's a blow-off candle And so you're like, oh shit I knew it and so you're like I'm waiting waiting for it goes with 17 bucks It never goes back up and you're like should I hit it at 16? No, it's it's stabilizing. Oh fuck now 1550 you're like fuck. I'm not gonna hit it So you hit at 15 bucks and you're like yes 15 bucks. You made a dollar a share And but in your head, you're like I wish I wish please go back up so I can add more Because I was right but I was so scared to enter any size if it goes back up I'm gonna put all my account in because this is an easy trade. It's been up 10 days in a row. It went from six dollars and 17 bucks I'm an idiot not to go on it. So as it goes back up from 14 dollars or 14 50 to 14 70 You've already fucking entered most of your account in and now you have 15 bucks and you're like, oh fuck it hit my average I'm all in. I'm gonna use margin 1550 fucking use margin 16 dollars. I'm all fucking in. Please pray 1650 I just stopped out I went I turned a winner into basically now. I broke my fucking account. I blew up because you're greedy You know, so plan your trade Set your orders and you don't have to do all of it. I put I staggered the orders guys Just so that when it hits there so quick sometimes go boom Like this it went boom 14 dollars was boom You would never put it there in real time. It would never hit for you guys You have to put it in some ahead of time So I put it at call those fantasy orders There are fantasy entries and fantasy covers But the point is I put them there to make myself not get greedy How many times you fucking get greedy and get fucking blown everybody that fucking got greedy here started adding adding and adding at 1550 That is the miracle fucking area that I wanted, right? So That if I was in this fucking stop And I'm like, oh my god hit 14 dollars Please 1550. I'm gonna put all my count in You fucking dead 15 50 60 50 That's the fuck it is Why that treat makes perfect sense guys But look at the time fucking zombie time guys They're able to do this when the volume is nothing Hey traders, this is tosh. I go by t bradley 90 in the my investing club chat Just wanted to reach out and say if you have any questions about m i c joining m i c Maybe you're a member already. You have three ways to contact myself personally and through m i c You can hit our social media You can hit me through pms and chat or you can contact us through my email at tosh at my investing club.com That's tosh at my investing club.com I will get back to you in a timely manner and I'm saying this because I'm here to help And I don't want anybody to be afraid to reach out and ask any question that they have We are here for you guys. All right. See you guys