 separate traders welcome on back here this monday afternoon april seventeenth shortly after two thirty p.m. eastern time great to see ravina still here with us as well as mark and a few more of us here inside a live trading room great to see all of us here otherwise john michael phill and the aforementioned mark as well included so the office that you'll be loud and clear great to have all this back insider live trading room great to have all this back on social if you're joining us there on facebook live linkedin twitter youtube the works as i like to say so that further do let's hop into it markets been very stagnant today across the whole day and albeit down dropping a little bit here and there it's been a really good start to us uh... here inside a live trading room obviously as you could see on the screen right now cf rx although still having a tough time off this three thirty four it gave us so much to work off of earlier this would more than likely be the end the right anyway when i say more than likely well pay it just after the last week that we've had here you never know right so you know the stocks already up two hundred sixty nine percent or however much it is so how much more could you really expect out of it i normally wouldn't expect much at all from here and the tanks from this point as we're going through it throughout this meeting then i'll definitely scrap it and i wouldn't be surprised that it would tank so you know if it holds here holds here by the end of this meeting that'll give me just a little confidence perhaps to see one more final run but as i just said before it's having a tough time right now offer resistance you know perhaps you could focus on the recent highs here uh... maybe around three forty but there was really any respectable volume traded off of their so far throughout the day it's really off of three thirty and then there is an iceberg at three thirty four from earlier so that's where i'm kind of choosing three thirty four and it's still having a tough time breaking higher still very uh... you know choppy very jigsaw around the the level here so that's where you gotta be careful i'm gonna put this on our side list at least to begin and then i'll come back to it for sure at the end i'll likely be uh... covering this trade tomorrow folks for all this inside our trading room here in our weekly workshop traders talk a lot of alliteration of the tease but if you have any questions feel free to shoot me a quick email josh at cctrading.com any questions on this trade in particular certainly feel free to let me know uh... just if you do send me over your trading journal send me the excel spreadsheet you know what i'm talking about here folks like any of our students so now we'll look to cover this trade likely from head to toe from a to z tomorrow inside our live workshop this is like one of just a few different trades that popped massively for us today uh... the stock PRST Presto is uh... probably myself and Fausto nicknaming priest PRST just get a knack for a kind of nicknaming these stocks just based off their lettering you know Fausto taught me that a long while ago and that's how he was taught back in his days in the brokerage business so PRST Presto Priest however you may want to call it this ended up making another big move for us again so now pop really nicely in pre-market that's what led us to focus on the stock going into the open uh... when i say again i meant more so from pre-market actually truth be told we've never really traded the stock before it's like a relatively new IPO i guess from last year you could just see on the daily chart there's like little to no days where the stock was trading any good volume recently up until obviously this morning so whatever news came out on it if there is any i honestly don't think that we ended up even seeing the news out the time it led to a nice pump up at first up towards two seventy five two eighty then after the market opened up like i said just made a slingshot popped right away up over two eighty the highs there up over three and often away this thing went so you know based off the success that we had from last week one thing that you'd like to think of is not even just us inside our live trading room and not even you on social media if you're joining us there but like collectively if you know you're seeing like gf a i cx a i regardless of it's being an a i stock or not well even this morning although a completely come back down the black box trade you know just how much that stock is still up right now percentage-wise it was up that much more earlier in pre-market so based off the last week that's where you could think all right you know what maybe there's a chance to see an even sharper run if not coming up then at some point throughout the morning so you know that that's what happened on cf rx that's what's happened here on the prst trade you can see on this one right now making a lower highs so you know i'd be a little where i'm both here for the meantime the the priest and the uh... cf rx trade put both on my side list here to begin and then as we keep going obviously we kind of showed black box b lbx that did not work out in our favor going into the open pop nice at first but truth be told be called this out but it moved so damn fast like a like i know for fact because i looked in the chat no one was taking advantage of the initial pop that this had because it was just so sudden so from there it ended up making a smaller bounce off support where hey you could have jumped in for fifty cents a dollar or more i know a few of us did from that point but then the trend was down and it was pulling back lower by the time the market opened up you didn't want to catch a falling knife and look at where it's at now so i mean hey for the ones that have worked out so far for us we took really good advantage of but you got to make sure that you cut your losses here pretty quickly whether it's on this or any of the others you know just when we take a trade like fausta talks about in phase three you want to work off the thirty-second rule basically and he'll talk to you more about that coming up in a few weeks time with that but another one wint w i n t hey if anyone made money on this congratulations i really mean that i always root everyone on i did not trade this today because again it's made such a sudden pop that i thought i was going to be late to the party so i just said you know what there's other trades out there we go back to cf rx make money on that we go back to priest make money on that at the time but hey this one pumped up massively as well big run from like four bucks five bucks all the way up to near twenty topped off at eighteen fifty basically there you don't want to be on the the receiving end of the strap you don't want to be on the top of the roller coaster ready to you know fall with it so uh... yeah obviously now we're gonna write this one off and as we go i'm kind of skimming my price column here another one that didn't work out well for us the you know s t s a trade led to a little bounce initially in pre-market but otherwise same deal this is i just said on wint you want to catch the falling knife because if you tried well you're holding on for uh... a little while here aren't yes so the more this pulls back perhaps we even see this break towards a dollar or fill the gap completely maybe over time will fall will focus on this trade again i mean looks like the stock had a big gap down from last year so maybe over time this can make an eventual gap fill or continue to but certainly not today i you know don't ask me about tomorrow i'll i'll have to have this thing prove me that it's going to be a good viable trade for tomorrow morning in pre-market all right we keep going g m d a actually here i did not notice this pop at the time at one o'clock in the afternoon maybe rich called it out then looks like he got halted reopened up uh... still showing some fair activity right now i mean really good liquidity on the book very cheap stock obviously uh... you know we're not always catering to these like cheapy dollar stocks for anyone that's new to see to you i just want to make sure that you realize that you know but just the stocks that are up the most more often than not they're gonna be stocks that are pretty much either low-flow low-volume or just otherwise cheaper uh... you know it looks like you got that buyout on rxdx but not trading by x yeah that's right go back to the g m d a trade a you know what broke over a dollar it's low risk right now in the sense of the spread with how slow it's moving but hopefully more eyes can catch on to this trade heading into the final hour hour and a half here and i don't mind by putting this on our main list just just to a start you gotta get one on there right i mean i have two on the side list and we had at least put one on there so far uh... toro another one perhaps that we could have put on our watch list if the volume totally didn't die off oh my goodness you kidding me here not even just on this instance going into newton time but you know at two o'clock try breaking higher obviously it failed but you know hey that's fine maybe it'll just kind of hold strong move back up again hold trend pretty nicely but when the volume peaks and then dies off like that that is not a good look that's not a good sign so you know hey unless if this pops back up later for us that's one thing but i'm not gonna be as inclined to follow this one right now i'll put it on our side list but i'll definitely go back to the other two that are on there like the priest and the cfrx you know just give that one more look at least this one's not making the cut though drama d r m a we want a little drama here in this market going into the close that's that's what we let's what we make money off of here pretty much right volatility the action uh rsls had a nice pop earlier but then died off and i mean hey i even had called that out at some point going into the early afternoon if it wasn't this pop maybe was pushing back up here then the ugly shake down so uh you know you just don't want to follow the stock that's too illiquid for the price all right we keep going here markets making a small tiny bounce back up cnsp another loser from today this one was more expected from my perspective it was up so much from friday the end of last week and i don't even recall us even following the stock for friday maybe we did maybe we didn't i forget what i had for breakfast this morning it's just that with it gapping up this much more in pre-market earlier it was dropping off going into the market open i mean going into the eight o'clock move it was even down and so you know that's where you kind of add two and two together you put it on your list in hopes of a pop but i i honestly was not as confident on this one compared to some of the others and thankfully we avoided this one at least now xpev popped up from earlier you know a lot of these chinese stocks just depending on the health of the market will make a gap up gap down so it looks like china stocks ended up gapping up pretty nicely here xpev being one of them obviously neo nio being another neo had a much better pop error run earlier this morning after the opening bell it's trying to eke back up right now nio for about five or six cents but it's not going to lure me in just yet i have been off of neo for the last two months i mean there's been plenty of other stocks out there that have been really good to us so the ai trades in particular bbai as i'm going to it right now moving right back on up this looks like a much better chart to me so definitely i'm more inclined to put this bbai stack on our list let me just get to the rest of the other ai trades while i'm at it cut myself off there a bit let's say so you went up nine percent a little slow but you know it's holding well i mean bbai looks like the better trade up to two ai in particular i feel like this has had some weakness to it since that sec complaint or notice or whatever the hell happened there from two weeks back uh i'll put this on my side list here the ai trade but in particular the the bbai big bear ai there um bfr g's not looking good mr ai i know manuel has been doing in and out on gf ai i think oh no my apologies manuel cx ai i mean there's so many of them uh this one's down so much percentage wise today that maybe there's a chance like hey if the star is aligned for the ai trades all together that this down as much maybe this is the beginning of a dead cap bounce i just feel like the liquidity is so thin here to me it's just not worth putting on our main list just yet but yeah i mean for the ai trades if anything this one bbai looking probably the best so far maybe so un after that one all right so i'll tell you what so far we have two stocks on our main list but um you know i'm sure we'll find more just if there's anything else looking good on the way up folks type it in the chat board let me know there should be because number 50 is up like 13 percent the labu etf i know fasto is big on this one earlier today this is the biotech bullish etf so nice bounce back up this trade it's near the highs i mean hey you know you normally don't hear me you know put this on our watch list or see me put this on on our watch list i'm gonna do it today because if you think about trading boil etf you know if you have book map if you have level for that is then it's going to give you an easier ability to follow the big money on level four if you're following it on there so yeah i mean i will put definitely the other one on our watch list there fasto's labu all right so that was one more find that was one more there but if there's anything else looking good on the way up folks type it in the chat board now let me know here i'm gonna hop over to the loser's side first i mean we talked about a few of these already mr ai down big i didn't even realize that was down even that much more than uh the other one it's just not moving nearly as well so we're gonna pass on that i don't know if there's any news that came out on that one too like a direct offering of shares or common stock offering very blatant shoot from the hip guests there my assumption would be yes i had a feeling that was going to happen at some point on these ai trades hell wouldn't shock me tomorrow morning if cfrx or priest has stock offering so might well confirms it right there for me for me there we go and folks you can you certainly know if you're a regular here you know that i don't really look at benzinga pro for news too much so i wasn't trying to like make myself stand out that that's typically like what happens after a stock is up god knows how much percent but the thing is that you you don't know when you don't know what time whenever that news hits though it is a bad bad look it obviously dilutes the stock price anytime there's direct offering news or common stock offering news don't be surprised tomorrow morning you wake up priest down like 42 percent on direct offering of shares whatever it may be right now maybe just because of that one maybe the others went with it in sympathy or just naturally what goes up comes back down that of course happens too so that's where we tell you you know these are not swing trade recommendations unless it's directly said from faust or myself that it could be a swing trade overnighter opportunity but we're trying to be in and out same day if they move up higher next day then cool make money on it again the next day then potentially or i'll follow another stock that i could roblox i know fausto talked about this earlier this morning for as much as the stock got crushed you would have expected at least a better move man what a waste of time for like a 40 dollar stock you would have expected maybe a better dead cat bounce up to 42 42 50 maybe 43 then a pullback or just lower highs then the eventual break lower later on haven't gotten any of that so uh i mean i didn't follow the stock but if you did then i feel bad for you waste a lot of time unfortunately stt you could definitely say the same on i mean certainly since the morning dirna obviously same there pretty expensive all right so folks let me know if there's anything else looking good viv here just short of all but not really going anywhere as well just wrap up the loser side here that's pretty much it that's all i got from the loser side so yep if there's anything else folks from the chat board on social inside or live trading room just let me know john on mara which i ended up taking a bite on john just before but i ended up getting stopped outbreak even so slow normally or so it's so slow today normally we've seen a trade better so it's just more of a thing where you don't want it to waste your time that's all so take the take the diamond run um that's all i got here inside our live trading room mike saying dbgi which i know he was following from last week but it wasn't really treating good volume then uh today it's up 21 percent i don't know where i missed this maybe it was climbing up as i was going from top to bottom just now that likely was the case with this recent move but uh you know what it has good spread for right now mike and that's the thing that i like the most about it when i said it was treating a light volume back from the end of last week it was in relation to the spread but also just low volume total seemed to be said here right now it's only treating 301 000 shares but a lot of that and most of this move has been based off the last five or ten minutes so it's a pretty good shout and normally where i wouldn't put a stock that's this low volume on our watch list here you're expecting for more eyes to catch on to this trade so now at 230 to 248 eastern time here i would imagine coming up by three o'clock they should be trading half a million shares if not more if not then we'll kind of move forward from it but it's an interesting look here right now mike i'll give it give it a look here all right then for all of some social media his book live youtube the work same i think that's all we got for right now so if there's any questions that you have feel free to shoot me a quick email gosh at c2trading.com is the handle if you're interested in joining us inside our live trading room though especially for tomorrow's live workshop traders talk you know recently we've been posting like one or two little clips on our youtube page but if you wanted to get the full hour plus long workshop each and every week especially tomorrow just go right down to the link on the green banner below the stream right there to get yourself set up to get yourself started uh but for richard for chuck for leida john etc all of us right now here let me just check benzinga pro lastly i failed to do that actually so pardon me there i'm not trying to rush off let me just check benzinga pro here a little oversight so before we wrap up uh you got prst you got pkst what's this that's too funny no way that this stock is pumping up in sympathy just because of the name hey dyslexic traders unite so let's take a quick look at pkst here is it even worth our time no it's not worth our time it pumped up earlier actually so it made that run actually with the other one earlier that's too funny though because you have the prst and then pksd but this one obviously now is ran its course it's done uh but hey as i turn back to prst i actually didn't go back to my side list here so as i do that before i wrap up prst definitely gonna put back on our list with this recent run back up cfrx not as much at least just yet i mean it's pretty much ready to snap lower in tank failed to break higher at least off that 334 so i'm not going to put this on our main list let me go back to the last couple here toro not going anywhere so far ai still not really fully keen on it the other ai trades better and then the other ai stock that we were kind of considering s o u n it's still pushing back up a little bit but this one's pretty slow right so you know i'll add this to our list it'll be at the bottom it looks good if you're more of like a level one level two trader new student this and the bb ai both could be good but the other one the bb ai is like a little bit more bang for the buck i feel so all right folks so hey best of luck trading go into the market close i will be in the chat board up until 330 i'll see you all there take care