 Okay guys I'm going to go ahead and start the recording we'll get started more officially here in the next five minutes waiting for some people to join at this time I'll just jump into a little bit of a disclaimer everything I'm going to share here tonight is just my opinion and not financial advice my goal here is to for the next hour at least purely devote myself to you to your learning and your education helping to support you become the best trader possible um if you have any chart requests you can drop those tickers in the discussion channel throughout the lesson if you have questions comments concerns etc please please please don't hesitate to reach out politely interrupt me we use the push to talk feature in academy so um John was kind enough to post those directions in discussion if you are on mobile or desktop might be different but check out your preferences thank you everyone who is joining us tonight if you are not able to catch it live or if you've got something else to do I'll go ahead and record it for you we're already running the recording now I'll post that in trading resources later so Griffith uh yes it will be recorded though I do encourage people to stay live the whole reason we do live analysis is because um I don't want you to have to wait for your request we want to see what the trading day brings tomorrow right but also I want to um if you teach a man to fish you know he can feed himself for his whole life instead of me just handing you the fish so that's the ultimate goal here all right mario we've got coop add it to the list awesome um if you vk we will I have a certain video on fiber tracements I can share with you at another time um the structure of this live analysis session is primarily going to be step one take a request because whatever you guys want to learn and focus on that's my priority with the time that we have together and then um for the remainder of the lesson I have set up some small mini lessons to reinforce the concepts from yesterday's fundamentals which is identifying chart patterns primarily I will be showing you fin viz tonight which is a great tool to use as a stock screener not just for chart patterns but for sectors industries and I'm going to show you my secret sauce of how I select my trades paypal added to the list to naughty no problem no problem we've got an amc request in the dms all right guys I want to go ahead and get started because those of y'all who are here I know you've already been here sitting here five or ten minutes let's make the most of our time um thanks again to John for helping me in the background again guys if you have any questions for me please uh feel free to interrupt me if you need to um you are also welcome to if you aren't able to speak I know some of you have families work stuff going on drop those questions in the discussion channel for me as well dusty adding prog to the list for sure for sure okay so um before I start disclaimer there's a screen share happening right here some people will go through these lessons and just listen to me talk and not be able to see the visuals I definitely want you to see the visuals so when you pull up the classroom the academy session go ahead and hit watch stream I am going to pull up the first ticker on the list which is upstart anytime I'm going to pull up a chart y'all I'm going to do two things first thing I'm going to do is look at it high time frame first because this will help us identify our primary trends remember primary trends are one year long by definition the other thing I'm going to do is I'm going to have a second tab open to finviz.com this is a free stock screener you don't have to use it um or you don't have to pay to use it and you type in your ticker and I like this website because it gives you a consolidated digestible version of all the information in regards to your ticker I use this to check my bias I use this to see a few things first I'll peek at the chart they have because they usually identify something in a certain time frame that people are trading off of next I'll show you my secret sauce I'm going to save the secret sauce for the end the cherry on top but I'm telling you once you understand how to pick these stocks it's it's pretty hard not to be profitable bro then when we come down here we'll see what institutions rate the stock price at this gives you a good insight into how the trading could be in the future based on how it was in the past as well as the top news headlines regarding your ticker so when you jump into chat during the day and you're like what's happening to upstart why did this happen a good thing to pull up instead of going to google and news and trying to sort it is going to the source that sorts sorts it for you goes to time um importance if you have your brokerages like if you use thinkorswim this will do that for you as well too okay so let's look at the chart for upstart first things first um upstart on the high time frame chart on the daily we see a primary trend of trending up right when you have a trend line some people use the bodies of the candles and they try and line up the bodies along the way other times other people will use the wicks if you aren't sure which one to go with uh my recommendation to you is always I want to teach you how to fish so do both and see which one lines up once you set a trend line though try not to move it because what people some people get in habit of is they could have seen in this last two weeks upstart lost its trend and instead of acknowledging the fact in front of them that it lost its trend and it is now changing a trend they might pull this down to a wick here and say oh well see it's still gonna bounce off the trend line right well well not so sure because the wick isn't a strong part of your candle body but you also want for a trend line you want at least three touches if you use this wick where is this touching nowhere so when we look at the primary trend for upstart we see one two and then three that's a trend line right there so on the daily upstart has lost its primary uptrend next thing we want to look at is the secondary trend which is three months so we count back it's December November October September so if we just look at this secondary trend right here from here to September what do we see it's happening has it spent more time going up or has it spent more time going down it's pretty uh pretty fair here you know a little bit of upstart but most of this is consolidation this is mostly sideways trading and you have a difference from this swing high here to this low of 60 percent so what do I think about upstart and high time frame it's lost its primary uptrend it's on a downtrend so the next step we want to do is we want to determine where we think it's going next I'm going to remove my drawings remove my indicators and I'm going to chart support and resistance on upstart actually let me do this first let me post this I'm going to post this in discussion real quick thanks for your patience as I load the chart guys I know that when you're in the lesson I want you to be able to hear about the skills as I'm teaching them to I don't want you to be like hurrying and scribbling down numbers or anything so my primary goal is when I share the charts I want to send them so if I forget to go ahead and remind me on that sometimes I get enthralled and get really into it okay so the next thing we want to do on upstart I'm going to remove everything have a clean slate no bias I'm just going to look for some supports and resistances here oftentimes old resistances become supports if you don't if you don't know where resistance was think about these being pegs on a pegboard where can you hang a shelf it's got to have a couple spots for price to rest at so we see this was a resistance burst through and now it's being tested as a support ideally for upstart this could be a range to buy but what you have here is a gap in price from here to here if you look on the daily or if you look at other time frames you'll be able to look closer at that gap if you want to zoom in and get real particular about what the price levels are but when you're looking at things on the daily you can pretty much I just put a rectangle in there that's my strategy this is a buying area this support should hold what we want to see is price to be bought upstart to be bought at this range so I'd say the lowest I'd want to see it go to be picked up would be 134 that's pretty far away the next resistance I see you see these candles over here these guys over here I would consider a buy at 147 17 and then I would also consider an entry 156 165 so could price come down lower yeah absolutely so if you're playing puts be careful the area for invalidation on this where we think it could break is this old support and resistance line right here this stock is generally in an uptrend still even though it broke its channel that it was going on we could see see it come down here and revisit this price area it's still above 100 so you never know what could happen but this is a top pattern right here around the top wait until this if you're in along on this one and know a couple different people asked about upstart so I can't personalize your trade but if you're in along like to naughty and don't recall who else asked wait to see reversal here by strength not weakness don't try and catch these knives if you're in along right now look at smaller timeframes and you'll we'll see that we did get a little bit of buying here the way to check is just to use your volume indicators right what you want to see is more buying than selling buying means price goes up selling means price goes down so I'll post this chart as well for upstart because those levels are kind of important here if you're in along I'd first take profit at the first resistance here 190 hope that helps you for upstart any questions on upstart before we continue all right next on the list is oh hey go ahead whomever was going to ask oh timehawks upstart put butterfly idea I'll say this all the analysts and x trades are really incredible but timehawk was definitely a personal mentor of mine I'm a big fan and although I can't speak to specifics of his put butterfly because I haven't looked at it analyzed it myself but I will tell you that just off the bat the fact that it's timehawk I trust it hopefully you have your own you've identified your own entries and exit points as well but generally I really value his his plays and his opinions next on the list Ben light happy to add those to the list my guy lucid and air bnb for sure for sure let's look at shop next tune naughty the good question before we move on upstart upstart tune naughty says how do I know the probability that gap fill on upstart let's look at a smaller time frame let's look at a little closer so the gap fill here was just price jumped up what happened was price got to this point where there was a resistance and this turned it into support so many people saw that and it was also coinciding with earnings which means crazy price action okay unreliable price action it could have gone up it could have gone down but because the price said a support could go here that's what made this go up I don't know if you guys can hear my my cat snoring in the background cheddar is snoring like an old man right now so if if that's a problem let me know I don't want to wake him up though so okay so the probability of the gap fill you never know 5050 yes you um yes it could fill no it maybe it won't but earnings are really volatile times so sometimes it'll go but look how long this is ran unchecked this is why price came back down here it has um it came back to check this zone boom came back to check this zone boom it has not come back to check this zone maybe it will maybe it won't we know that that's that primary uptrend right so I can't say for sure too naughty you're good so let's go on to awesome happy I helped you man uh let's go to shop Shopify Shopify on the daily oftentimes a lot of the tickers you guys request I will have traded to for the sake of the lesson I'm gonna keep it clean here uh Shopify we've already had our earnings so we look good I'm just checking those because as I mentioned earnings are volatile next I want to ask myself what's the primary trend here are we up trending or are we down trending we're definitely up trending next is there an identifiable trend on the chart there are a couple we've got one two touches here maybe we'll have a third there's another one here I love cheddar so much but he's so loud bro um these prices right here you see where all these touches are at so sometimes we have we identify supports and resistances horizontally but sometimes you're going to see some trends coming out diagonally if you haven't played with fib fans and things that's a cool technique for you as well another thing to look at um can be identifying where these high time frame resistances are and those higher time frame resistances are the peaks of the trend and then this low one you can do off of the valleys where the low points are so this is called an ascending broadening wedge um really just means price is going up and down and up and down but staying within a certain channel looking here on Shopify you can definitely see some primary resistances I will chart my supports and resistances my key levels in blue and I'm just looking for where those price shelves were where was price trying to break through and where has price held I'm not going to go too far into the back end of this pattern because I want to look more over here let's look at our three month our secondary trend we're in December so we want to go to September 1st ish so we've got this bad boy right here this is what we're looking at for the last three months of price action what do we see has price spent more time going up or has price spent more time going down if you can believe it this is actually revisiting the same prices that it was in the last three months so what is the secondary trend here on on shop on Shopify there's it's just consolidating I mean price is bouncing it's trading within a range what is that range that is this supply zone here which is where people feel like they should sell it because they're happy the price went there we're going to include these candles over here versus this demand zone where did people buy this price they bought it here how am I identifying these zones I'm using the top highest candles near resistance areas and the bottom bullish candles where buying started overpower selling to move up and go in there let me um post these charts shop so with Shopify we want to or with any ticker we want to trade the range we want to be buying at demand and selling at supply in supply if it doesn't break through resistance we want to short it we want to be inputs so if you're not in Shopify right now it's in the middle of a range we don't want to trade the middle of the range we want to go the top or bottom but you can also see that the confluence here that makes this special which is why people are asking for the sticker is because this is at a support line what you want to ask yourself is how many times has Shopify come to test the support line it came to test it once it came to test it twice and then it came to test it three times the third time is usually your third time's a charm it's either going to hold and move up to the next leg and and have a new trend where it's going to fail what did it do it failed because there was more demand for it at this level and price wanted to come back and test these old flip this old resistance and do a support so now what you've got to ask it's going for round two so let's change our colors so we can see this once it broke through this resistance it came over here boom it said this is a resistance for me let's go with our secondary trend can I break through it it said nah nah bro then it came to try over here it didn't get all the way down there so it's here for a second time what time is the charm third time's a charm so where do I think Shopify is going to go I think that um one of two places the bullish scenario is that since this support has been tested so many times and price is finally trying to give in and we're close to this edge of the wedge there's a chance that it could run back up here into the supply zone that's the bullish short time frame scenario next is it wants to come back into demand for a third time do you see this one two third time's a charm then what's it going to do come back up here and test the supply and hopefully break through when you look at these scenarios both of these one of these is short term bearish but really both of these are going to be longer term bullish and um you have confluence here confluence means a numerous numerous things in your um list that leads to more probability so for Shopify I see the probability of it visiting demand zone I see that this really wants to be an sr flip I see that in this ascending broadening wedge pattern price likes to stay within this range so it could come down here but ultimately where does price want to go we identified a primary uptrend of or a primary trend of up so where does price want to go up so if you're in shop I play um I play calls for the long term but I wouldn't trade the range here I'd wait smaller time frame let me add um these two are and uh paid paid a nail I've never known how to say your name you can tell me how to pronounce it but um if I get if I lose your questions in the chat from my chart spamming let me know guys don't be don't uh feel afraid to tell me twice so when you're looking here at Shopify the smaller time frame remember we were looking at which path it's going to take this looks um the price looks weak here it's at a support what you want to see our full bodied candles strong buying so you want to look at your volume and see strong green uptrending we're seeing more selling overpowering buying right now so for Shopify for that reason anybody in shop I'd say that it's likely that we revisit this demand zone we might not visit all the way down do you see how this one went down here then this guy here what we'll probably likely do is swing the mother candle right here and that's going to be about the halfway point if you've been in my support and resistance lessons so I'm thinking price will probably come to around 1400 that's a nice benchmark number and then we'll see that uptrend continue what you have here on the daily is a spinning top that means uncertainty right so p done thank you p done now what's the n letter though let me know okay so Shopify let's Shopify let's look at spy if you follow us in the podcast um we go over spy 24 seven basically jtw's baby right spy has been in this long uh trend sorry guys I should have asked before I moved on any questions any questions on Shopify I'll keep going we had the lows here from the 20s but since this past part of the year we've had this uptrend going but it's spies been rough man I don't know what to make about it I'm pretty bearish on spy if you're playing spy plans jtw is your man also like I'm a big fan of wags as spy plans I think that wags has a solid technical perspective on the market I think with spy we could go a little lower do you see when we talk about confluence in moonshot I love a confluence or confluence however you want to pronounce it we've got spy wanting to come down to this bottom part of the channel or the switch we also have this old support and resistance zone right here you see where it was resisting here didn't hold here resisted here didn't hold here so I'm thinking we could see spy go lower I don't um think it will I I kind of do think it'll go that low to be honest I'm pretty bearish right now but these are some of my targets for uh for spy what you what is nice though what you saw today was a big um some buying action but uh if you again heard me on the podcast I would recommend listening to the recording of that but I went over bearish um phases and I think we're in right one right now Fridays will usually open pretty strong in the mornings then they'll get a little weak but one sector index or one of the big averages like the Dow Jones will finish green to throw the bulls off the scent and not realize the bearish and be like challenging themselves right like is it really that bearish so we could lose a little something something here it's not good in my eyes not uh too big of a fan that's why I'm not trading at the moment but anytime I'm not trading what I want to be doing is teaching and giving unbiased objective perspectives so that's my opinion on spy at the moment um let's go ahead Narf thank you for your kind comments uh when you talk about not knowing enough to benefit yet just be a sponge baby just be a sponge for as long as you can and one day I promise you it'll click we'll do some more lessons geared towards beginners as well happy to hear some more personalized feedback if you also think I'm uh doing too much or whatever in the DMs later QS I've added to the list by the way we've got a lot to get through so I'm gonna go ahead and keep going next on the list Tesla if you follow my options chat trading I trade Tesla pretty frequently it's a stock I'm uh very familiar with very bullish on the long run so the daily trend on Tesla we're definitely uptrending still what we have here though is what we were just talking about with supports and resistances let's look incredibly basic here on Tesla we have here two um two three four this was previously an area of supply down here was an area of demand when it came back up to test this area of supply for the next time it broke through but what does price want to do when it breaks into a new segment it wants to establish new supply and demand ranges unfortunately we had a massive gap fill here and this came from movement and price of people buying strongly because there was an ascending um channel over here the Tesla was in for like I don't know six months and when it broke through that's what triggered the buying okay so when we talk about those gap fills being filled uh yeah price likes to come and fill those gaps eventually um do they always no you can't say with certainty but with Tesla here you have a resistance break through here that hasn't been tested as a support what else I'm seeing on Tesla is we're seeing one of the chart patterns that we went over in class this week and that's a bit of a double top action a double top pattern is when price comes up and it forms a new high and then it comes up in a um and it tries to swing that high but it can't break through right so what's it going to do it's going to want to retrace and find a new support realistically some points where Tesla could revisit the fifty percent of this mother candle right here realistically whereas another price price could visit it could come to there's a buying range here in this level 1039 1040 we'll look at that smaller time frame so I could show you that but it could come to the scat fill and really it honestly could come back down through here what you have here is a barrier is round numbers guys big numbers um a thousand 500 you know 750 all of that stuff those are going to be borders or boundaries for people to say will it really go that low or is this the new price structure well let's look at our secondary trend and determine that we have september first is there a price marking that we're doing for our secondary trends what trend is happening now up or down up baby so we have a primary trend of up we have a secondary trend of up but we have let's look at the minor trend smaller time frames minor trends are going to be three weeks three weeks so three weeks here if we pull up our calendar we're looking into november a little bit so our trend here and I'm just using this to show the point of area of candles that I'm looking at guys is sort of it's wanting to come back to the same point that it's at it ran up a little bit but it's almost retraced it ran up about 25% but ultimately price is retraced almost 10% maybe it will so you're looking at about a 15% gainer across the way here where do we think price could find the bottom where can we find a support maybe here maybe this guy right here which is what I was pointing out earlier when I was like small time frame because you see this group of candles here there's also a demand for it at this price range but that $1000 guys is going to be a kicker if it breaks a thousand tesla has this has this tendency to when it breaks a support man it loses it not only loses support from longers but what it is is people jump into puts because this thing has volatility that can pay out big big big so what you've got going on uh is when it falls through those supports you can lose 10% in a day we saw that with tesla already so if this is that double topping sort of a pattern here if it loses this support region if it loses that thousand dollar mark then man where could it go gap fill where could it go this sr flip region if it does guys this is a growth stock for a long term buying up all right if you're if you're um short time frame on tesla still watch those regions because those higher time frame regions are going to have a lot more importance than others for some people I saw some people today saying that this is a symmetrical triangle when you have a symmetrical triangle um it means it's 50 50 going to go in one direction or the other what it really is it's just another form of price consolidation price is choosing where to go up or down and to me it looks like uh it looks like some downside but when you're making higher lows nobody knows where it's going to go the method is to measure this 5% and then measure from the breakout of this 5% boom that's going to be your target look for areas of confluence and i'd adjust it accordingly so i'd say about there then if you think you're going to break to the downside take it from the peak of the triangle boom 5% the reason I chart the symmetrical triangle later do you see how the how the targets are different but similar to these areas that's confluence you want to have more things going in one direction so i'll post the uh small time frame for tesla which i'm not thinking it looks hot but you also have to know and tesla's just a beast when people decide it's going to go long it's going to go long uh learning stocks thank you so much for the compliment uh o e g i'm adding to the list i've got quite a list going on here and i'm going a little in depth into tickers so i'll pick up the pace a little bit just to make sure that we get through everybody's requests because again my time is here for you not for me to hear myself talk so coop coop a software what's the primary trend here on the year uh not liking it y'all not liking it we are not making higher highs in fact we're making lower lows that means primary downtrend what are we looking at the three month scale yes garav this is going to be this is recorded and thank you for your kind words so we're looking at our three months here let's hit up september boom what we also had earnings in this period so this is the top chunk time we're looking at kupa kupa we have a clear um what when you look at this primary downtrend guys i don't want you to look at these other things people thought here's a multiple bottom scenario but when you're looking this is why understanding those trend analysis like we go over in fundamentals are so important right so what we have here recently if it's not a double top it could be considered a triple top this is why it's important with chart patterns you want to look for confluence confluence is a multitude of factors leaning in categories if you have um like a pros and cons list you know and you're breaking up here is the pluses or a lot bullish scenario here's bearish scenario and you're starting to tally up the things that look bullish and you're starting to tally up the things that look bearish this means probabilities on your side with whatever category you go into okay so with kupa the probability is on your side that this is a good shorting opportunity likely this person who requested this chart is probably already in some shorts because of the primary trend and the secondary trend being downtrending but let's see if it's found um any i mean it's not looking cute let's check it out let me find some semblance of a support here on the daily for you so what we want to do is find the um old resistance and that's going to be where price is going to want to revisit here so is it almost there yep but it's this the first and only time this is tested this so where was the next one there where could the rebound be there so this is the range you have to work with on kupa if your short term um your middle of the range i wouldn't trade it if you're not in it if you're long uh gg no re uh if you are short congratulations enjoy enjoy your steak and lobster filet mignon dinner i would possibly watch for 173 to break to see if it can revisit that lower one um but take profits on your shorts take profits on your shorts paypal heavily requested ticker this evening paypal primary trend on the daily we have uh a topping pattern we want to look at the last year so we want to look since december 1st of 2020 so for here so do you see why i'm identifying that on the chart because i want to pull it over and just look at this for what it is okay so this is um another ticker that we talk about a lot in our podcast show if you haven't joined us for that tuesday and thursday mornings and friday afternoons tomorrow we have a special guest by ranon with us on friday but this is revisiting a strong demand zone there's a strong demand for price at this level for buying this is the supply zone up here this is a good example of trading the range right here even if you um when you make an entry like this the maneuver is you want to layer and layer your entries i'm going to use green because green to me is buy making money you want to layer your entries into this demand zone you want to set your stop outside of the demand zone i always use red for my stops because that's my my color cue if you look at the structure you want to ask yourself with your stop how much money can i lose if it's not a lot of money tighten this up if you're willing to wait through a little uh movement and structure you know get this out of here a little bit and place some more entries but the reason with paypal that you want to have this around where i showed you before is because this is a demand zone people should be wanting to buy it which is what you're seeing starting to come back in here on the daily which means price should go up if it loses then that means that this is no longer seen as a demand zone paypal is no longer seen as a valuable deal for 175 to 185 which means it will go lower so this would be my play for paypal i want to have you double check the sectors and indexes which we can do if we have time at the end here i don't know that we will because i'm purely here to serve you that's my main goal as a coach as a teacher and but i would i really like this one for a long run especially i mean since paypal got into crypto earlier in the year i don't know if any of you have used it i have but it's fairly decent so we had another second upstart had an amc request and amc here we had some patterns where we were making higher lows but we were making lower high so we had an example of that triangle so what did i tell you to do with the triangles is measure the opening of the triangle and then apply that so you've got 60 percent here that's crazy because it's amc of course it's crazy right the apex you can run it up to 60 percent and mark that as a pt boom you can take from the apex 60 down here mark that as a tp boom what i see here um what we want to look for now is confluence which one of these is showing more signs of strength think of these as a magnet which one is stronger for price to go off of the one that has more confluence of other factors will have a stronger magnetism this one has more because this was an old resistance that has not been tested as a support so likely amc was going to go down here how could you identify that it was going to go down here when you watched it break through that trend and fail to swing these highs this was the opportunity to short right here and if you shorted you made a killing if you're in amc the person i believe who shared this with me had some long calls for 60 dollars do i think that amc could get back to 60 dollars yeah eventually i'm hope that there those are long long long calls and i would look i wouldn't add any more contracts at this time i would wait for price to find a bottom some of my buying areas would be the 50 percent of this candle right here and that would be one one entry just in case it wants to swing it and go up the mother candle gives birth to the new trend usually at that 50 mark price will find a little bit of buyers my next layer would be here i'm going off this candle here this resistance from this wick and here another 50 marker so i would be looking if you're in puts this is these could be some pts for your shorts if you're looking for long entries that would hold off for now in amc good luck progenity prog prog prog prog i think uh bahamut he posted a chart for me or um to help out some of the requests because i know i'm running a little bit behind i'm gonna actually just um i'll look at this for literally a minute but i really again another valued um analyst really really appreciate his ideas and what i'm seeing here primary down trend uh are we going up or are we going down we went down we're trying to recover to the up where do you want to see this find a support you want to see price find support here blue are my key levels here or here lost it lost it where's the next one down here i'd shorted to two two dollars maybe two dollars fifty cents but i would probably consider entering long just to see if it plays off this up or move around 169 169 good job hopefully bahamut's chart is more mature than mine um but thank you for helping to pick up the slack there y'all appreciate everybody who's um helping out our members lucid lucid is um a shit show of a stock bro um their cars are pretty cool you know cars pretty cool but we had earnings and i usually don't play earnings within 10 days post or prior so held off on that one for a bit um but lucid here is forming what is the primary trend if we look at it on the year is it going up or down really you're seeing um some sections of consolidation consolidation distribution up here consolidation distribution right here if you're looking at this as being a supply zone because this is an old resistance area where price has not broken through yet and you're looking at these bottom areas where people liked to buy as being a demand zone and you can also use volume to correlate with this you see okay price was here people bought when it did here look at that buying section if you want to see some other spots where people like to buy there are other indicators you can use like volume profiles that will show you based on the price um but i don't want to overwhelm you here today so i'm gonna stick with the og volume look here look where this was boom this guy right here so there's a lot of action here why was that happening here why did it break through here because this was a resistance that was broken through now you have to ask yourself where's the next support if it's not going to break through supply on this run where will it come down to to test i see three areas i would like to see it stop if you're going to take or pts for a short of around $40 remember those round numbers have importance um this area right here around $35 and then last but not least you're looking at the you see this wick wick wick but this guy right here this price action right here where there was selling and then people bought it up this middle ground right here in confluence with these wicks would be my areas for lucid for lucid trading the rain lucid is a good example right now of trading the range if it's going to break through it would it would have some crazy news some catalyst and go through here but why do we think that's not going to happen number one third time's the charm this was the first test this was the second test not the third test we're seeing selling when it sells it goes down trade the range here take some um i take some shorts and i would start pting around $40 you could do it earlier if you wanted to go for the scalp and go for this range i really like that play as well but um you want to have some of your hold on to some for this big range other people will say this is a cup and handle i know some people are saying look at this but let me tell you about chart patterns real quick yeah this could become a handle in which case it would retest that old resistance of support and then bounce off sure maybe i'll post that as an example but what you need to look for with chart patterns are confluence what could happen here is instead of that becoming a handle you could um this thing could gg out come back down here all the way to demand zone form a double bottom and then come back up so you don't want to be stuck back holding here with um with some long calls when you should have been trading the range trading this primary trend the way to look for that is when price re approaches here wait to see if these levels hold wait to see if this cuts through like butter which means it wants to dump back into that demand or if it's doing some sideways consolidation which means people are buying it up check those volume profiles okay so that's my opinion on lucid next we've got actually let me stop any questions y'all feel free to interrupt me okay cool we got our flow going down air b and b a b and baby let's go okay so on the daily what's our primary trend i can't i can't with this stuff sometime man so um air b and b right now is a really good example of a classic s r flip you've got some supports and resistances here that have been tested tail is all this time right so it came through here didn't want to hold dumped it came back up here didn't want to break through dumped it so you've got some demand buying where it's not here people aren't buying here people are selling the demand is coming from this mother candle this big bullish candle right here about the 50 mark you can get technical and break out the measuring tool and measure but why i like to do the rectangles is because you'll see from the bodies of those candles where people were buying right where people were buying at touch once twice and then it's off to the races now where are people selling air b and b well look at this resistance so the red um vk yes the red to me is supply this means there's too much in supply people want to sell it this is the price they want to sell it for red means selling green means demand this is the price they want to buy it for green means buying thank you for that clarifying question i hope that helps others as well i really like questions guys i'm here to help you not to hear myself talk and looking at this range right here air b and b is it at the top of the range middle of the range or the bottom of the range middle of the range good traders most profitable traders they aren't trading the middle of the range they're waiting for the top for the bottom of the range could this come all the way down here to the screen again yes absolutely will it i don't think so i think it will come down to this region john i love you uh i think it'll come here i think it will come in this area because it will have some stronger support from this price action right here um but if we look here at our secondary trend from september the other thing that we're seeing that makes me feel like it might not come all the way back down to this demand zone is a bit of an uptrend for some time sorry i got distracted by a question so it could come down here and then continue up or it really could come visit this green thing for round number three if this thing comes down here guys buy it buy it boom air b and b's i don't know if you if y'all have rented one recently but these people are living out these like renting out of them these days if air b and b comes and stays at these support levels i would consider longing taking some small entries for a long as well otherwise right now i don't trade this don't enter this trade um you don't want to be trading the middle of the ranges that's not what the best traders do wait for the setup so we've already shared some setups that are in supply and some setups that are in demand those ones have the most probability on your side because of confluence bv you had a good question for me said do you see a mother candle in the supply zone just the way you pointed out in the demand zone i'm going to show you a trick my man's bv inverting the chart is an absolute frickin game changer the way i view a mother candle let me explain to anybody who hasn't heard this in a lesson from me before is it's a big bullish candle that gives birth that's why i call it mother right to a new price structure a new market structure or a new trend so you see how i'm identifying this one i like to identify the candle that's towards the bottom that's bullish full bodied and mark the halfway point i can do that up here at the top excuse me but i want to look at inverting the scale just for my eyes to see it better so um maybe we call this the deadbeat dad candle instead of the mother candle because it sells and runs away i like that i'm going to call that the bv deadbeat dad candle there's not really one here that's full bodied full of selling the biggest one you can see the deadbeat dad right here we mark it at the 50 percent boom let's do it then we invert the chart again i love you so much bv for helping me uh do that and so what you can see next time if you want to have a long that could be a pt you want to have your pt with round numbers around 200 just to be on the safe side your first one then your second one could be the deadbeat dad leaving for six and milk for the gas station not coming back and then your third one let it test to run these highs and supply let it see if it'll get to 210 215 and 220 so those are my airbnb uh this is pretty much the same chart but i'm gonna add here deadbeat dad candle so you can help with your price targets i'm adding amazon to the list for you couple of magic we have uh four triggers left on my on the clock we got 15 minutes we're going well i'm happy to stay a little longer if it helps anybody we're looking at qs next let me erase all my garbage all my junk primary trend is it spent most the last year we want to find december first so here look at this nice big mother candle look at that bad boy oh all right primary trend have we spent more time going up or have we spent more time going down we spent more time going down sometimes to help yourself if you aren't sure you want to help um you want to identify the height the highest points and connect them together seamless thank you so much have a good night um to help you see the trend so is the line going up or is the line going down right next we want to look at our secondary trend we want to look for that september first date and let's identify here is this spending more time going up or is there spending more time going down you can give yourself some trends off the bottom lines you can give yourself some trends by connecting the tops usually price we want to look at the higher time frame first so we see on quantum scape we've got that primary down trend but what is it looking to do here it's an ascending broadening wedge it's looking like it wants to come up when price comes into convergence with these levels here what price is doing here is consolidating it's trying to find a range it's trying to find its price it's trying to find its value this is going to be a pivotal moment this is going to be the time when it chooses up or down how do you how can you place your bets on probability on whether it will go up or down by using confluence so let's identify some other factors here let's find some supports and resistances if we see this big mother candle here from this time last year this is our primary trend candle and we mark the 50% on the mother what do we see we see a strong areas of confluence here this became a so it wanted to be tested as a support then it became a resistance now when it was tested as resistance for the third time's a charm boom broke through now why did price reject here other than our identification of trends what else do you see I see a strong resistance point here a nice it used to be a support is now trading as a resistance so what you can do is identify those areas of resistance here at the top like that that's going to be a area of supply and then an area of buying as an area of demand that 50 of the mother candle we saw that it went down below it that means the swing when it came back to swing origin and returned to where it was from it didn't hold to go up it started failing so you've got your demand zone all the way down here at the bottom when you see now that price has left this demand zone you got to ask yourself do I think it will revisit it find some smaller time frame supports and resistances are key levels to chart your entries and determine probabilities now we have a really good look right here at quantum scape what do we think price can do if we remain curious about this well we can look at volume we can look at our primary trends and our secondary trends and we can look at our supply and demand zone we're nearing this demand zone where people are going to want to buy it up so price are likely to stay down here and then come up to try and retest this resistance this supply zone what it will really likely do is it'll probably come through get bought up in this area maybe a little consolidation right little question mark but I don't even think it will go that low why because it has this other smaller trend to contend with I think it will be bought up in this area it will go through here to break through this resistance maybe it might not have a lot of juice to it maybe it will consolidate underneath this as a resistance and then it will break and into an uptrend where do we think a resistance could be where could we set a PT for a nice long well let's use this old structure where this where this resistance would flip into a support we can set a conservative PT down here we can set a PT right here we can set another PT up here those are my opinions on quantum skate qs is the ticker some really good finds here tonight I want to say that some of the people who I have seen in lessons before I'm actually feeling very impressed at how you're identifying your trades so keep that up keep that up oeg oeg what do we see primary trend up or down or move it all around okay so we see December 2020 we see primary downtrend we see primary downtrend what about our secondary trend you can connect the highs here what about our secondary trend we want to look for September 1st what are we seeing this bitch sleeping what's it doing what's going on it lost a support number one okay next it lost the this mother candle right here that tried to make this thing happen it said no there's another s r flip so where can we see price going down to now where do we see our next area of confluence this whole chunk of price right here there was a lot of buying going on so there's some strength here there's some strength here but where could we set a shelf where could price rest a little bit maybe as deep as there so what I see for quantum skate this isn't quantum skate I'm sorry if I was saying qs oeg possible demand zone it's in right now but I'm hesitant to say so to me this looks this has a few red flags on it um let me just tell you if we think it could go where we think it could go it could go up here hypothetically but let me tell you the red flags I'm seeing first and foremost it lost a ton of support a ton of support second the red flags are prime unless you're shorting in which case you know haha right primary downtrend stinker secondary trend trash minor timeframe trend dumpster fire losing support right the biggest red flag of this guy of all is this big volume candle right here this is the signature pump and dump telegram scheme some dude who had too much money in time on his hands was like yo this is at a demand zone buy it and boom or I bet you there was some news here for June 1st for oeg how can we check that at the beginning of the lesson I told you you can look for news or confluence or anything that comes up in those timeframes you see on your chart down here so what do we say June 1st what happened with oeg June 1st orbital energy groups recently acquired subsidiary Gibson technology services reaches agreement with tec on 700 mile okay so they mergers and acquisitions baby so they're buying new things so you see how I I haven't looked at this shit I've never traded at this stock but I'm able to determine from June 1st there was a rumor okay there are mergers and acquisitions that got their stock to buy up but guess what still couldn't get the job done performance issues other than a merger and acquisition what motivation does this downtrending red flag bad boyfriend of a stock have to give you jack shit I would not be in this unless you see price finds a bottom and starts to show signs of reversal then what you could do your little scout play could be on one of these entries you know just to play to this resistance that looks like it's nothing and yeah your money's probably better served elsewhere but it's a 26% move once you get into these smaller timeframes on these penny stocks you can do more of that if you want to but my two cents as a trader it's just not worth it when there are other plenty of other stocks out there that aren't as red flaggy to do that if you want it to be really ballsy with this stock for some reason short it you could but let me tell you why that would make you the red flag and problem it's because this thing is in a demand zone all right so you've got to you've got to think that you're going against trend by doing that so whomever is an oeg my hopes for you my man's my brother my sister my lover pray to god pretty god you were shorting uh i went by here just put your money somewhere else unless there's something here i didn't see which uh what i look for is volume 1 million plus check performance here to date is 25 plus for me which doesn't pass next institutional ownership i look for 60 plus it doesn't pass my check well next is a recent IPO because there's uh less resistances for it to run through and i don't even care about that because i just know the stock is trash so there you go that's my opinions on oh we already did coop we had two coop um offers sir or asks for take a request so if you were asking for coop later please scroll up in the chat i'm sure i posted a chart next we've got um amazon simple guy i am adding vbiv and hood to the list amazon all right we again just like tesla if you follow me in options chat amazon tesla is my bread and butter uh ted stoner yes indeed this is being recorded okay so amazon what do we have going on here with our primary trend is it spending more time going up or is it spending more time going down you know what amazon's doing amazon is the biggest like um oh thank you ted stoner it's like a cock you know it's you've wanted to break up any one of these minutes now and it's just not going it keeps finding these smaller time frame support resistance flips to test and it's just at this point i mean uh it's a middle of a range let me clear this out okay so when you want to identify the primary trend do we see it going up or do we see it going down if you come to these consolidation points here's what i tell my students who have trouble with the trend lines or they say this doesn't really look like a trend to me you're absolutely right sir what you want to do then is just go buy price find um find december first or december second third whatever today's date is and look at that price zone and mark it on your chart what do you have there you can do a ray you can do a horizontal ray but what i'm seeing here here is around three thousand two hundred nineteen dollars um what i'm seeing here for the price today is around three thousand four hundred okay so there's your primary trend how much did it go up from here to here seven and a half percent even though people think wow it's up hundreds of dollars this is why we use percentages in the field of finance because all money and amounts are relative percentages of the way that we can relate to the things right hey question ah bummer hey um too naughty what do you mean by amazon and tesla is your bread and butter bread and butter is a euphemism or figure of speech meaning like this is my wheelhouse this is what i'm good at this is my main meal this is my main source of sustenance amazon and tesla are my most frequently traded stocks um because they were the most profitable for me because i trade them so often i know the charts all that good stuff so that's what i mean by bread and butter for amazon what do we think it's doing for our secondary trend let's identify september first around this region here oh look at that boom two now this is our secondary trend on amazon is it spending more time going up or is it spending more time going down when you have this whipsaw this up and down where it looks like it's going up but really it's not we can't really know just compare the price values it was 35 25 at the beginning of this secondary trend and now it's 34 so it's going down the other things you can do are connect these peaks remember connect the tops and connect the bottoms it's just playing connect the dots like when you were a kid to identify so we have the primary trend and not to confuse you i'll change this um color up here and we have a secondary trend so let's stay curious where do we feel that price is going um vk oh jp mog i know i love you hearing your voice was the highlight of my day that's that that's the end of our session getting to hear jp mog so i was not just kidding vk asked a question thank you for your question he says how how do you identify secondary trend and it's always from september here's what i want to tell you on that one my guy so primary trend i want to type this out i don't like writing it okay primary trend is one year so you take today's date which is 12 to 21 and you go back one year which would be 12 to 2020 all right that's why i'm choosing the dates in the chart a secondary trend is going to be three months okay so you take today's date and you go back three months this is where i'm pulling those september dates from it's not always september that's just the time from today right and then the last one is a minor trend or small time frame trend and that's going to be three weeks okay so we've mostly been looking at primary and secondary trends today what we're looking at with amazon um is we have a primary trend that's sort of not doing too much seven percent we have a secondary trend that's sort of in this ascending broadening wedge what do we think about amazon where do we think price could go let's be curious let's look for some confluence here do we see buying or selling more you see some similarities here you see strong sells stronger buying is it worth taking a chance buying in this range and thinking that it could continue in this secondary trend pattern well i see something here does anybody see anything here what about this guy right here what do we call her the earth mother swing of origin a mother candle we also have this area that was a resistance before that how now has an opportunity to be in support so if you're going to take a position on amazon you could try and enter in layer in your entries here with that 50 mark and go for the long if price continues up this direction however if price breaks this support because it's going with the primary trend and wanting to bounce between those blue channels instead of this purple channel then where do we think price could go look at some other areas we've seen before i'm looking right here at this guy could be a target for a short this guy right here you see wick wick it didn't want to break up through there it had some resistance here it had some resistance here and then we have a pt here as well so those are our short pts if this price if the secondary trend doesn't hold this purple diagonal ascending um this isn't actually i said call it ascending broadening wedge but that's incorrect this is a rising wedge what price likes to do typically in a rising wedge is to come up and then it's either going to consolidate here and break out but if it shows that it's going to come back down to the bottom then it's going to shit the bed charlie day style so my amazon decisions are here but since i had multiple requests for this one let me go a little more in depth um when are you so ted stoner asks actually let me go back i stay chronological y'all uh to notty can you point me out some of your amazon tesla plays or ideas that you discussed in the past whoo girl um i've probably posted more than i say girl but really human person 2021 right uh just search my name and the tickers and you'll be disgusted um i'd love to do that but for the sake of time i have a few other requests uh oh thank you gara for showing that appreciate it um the x-trades app guys i'm not um i'm not good at using the bot i've been trying to start it soon but i'm very live and act in options chat i'm a scalper that's my um strategy i'm small time frame so by the time i take entries and i go to post it in the bot i 90 percent of the time have already exited or my premium entry has passed so i don't feel comfortable alerting that yet but when i go for some of my swing plays some of my higher time frame swing trading which is what i'm going to be getting into into in the coming months since i'm going to be a little too busy to do my uh scalping i will be using the bop more so i'm figuring out the bugs and kinks right now but um i will definitely make a better effort to chart my trades in there for your following in the app but for me mostly just uh search my name search amizel or amy and then your ticker and um you'll see me spamming stupid quantities of ideas sometimes um with big fan you say amazon and tesla almost have a randomness to when they're going to have very short term explosive breakouts to the upside are there any patterns or key indicators that you watch to provide some type of improved predictability to these big fan that is an awesome awesome question if you are with us for our fun with stefan and i for our fundamentals lesson uh yesterday we went over a few indicators that we like to use um one of them is v wop another one is uh bowling your bands or bowling your bands and um moving averages rsi so if you are looking for and i love this question too because it shows me you've really been paying attention lesson of looking for influence right like how many things can i get in the bullish category how many things can i get in the bearish category so what you can do is um looking at the rsi uh for example you want to look for the areas between 30 and 70 these are similar to the supply and demand zones where people are going to start buying around 30s and they're going to be looking for selling there's going to be some more selling pressure around 70s we want to not play the middle of the range which is sort of what's going on here with amazon which is why i gave you both um both hypothetical scenarios and the pts but with the rsi here rsi is sitting at 45 i would wait um you can do the same things with rsi's that you can with your charting sometimes it won't go as low as into the 30s sometimes it will find a support to trend upwards you see that happening in some of these areas past but for the most part what people are waiting on with amazon here is for it to make a decision of up or down you're absolutely right that there's short term explosive breakouts but you're incorrect by saying to the upside because there's also to the downside this thing if if any stock can be volatile to the upside it can also be inversed and have volatility to the downside in amazon and these contracts are expensive for playing options there's a double top here that um i mean it just dropped it was almost actually from the listing of the day from the height of the day it was like 10 almost 10 drop so there's explosive breakouts and drops to the upside and the downside on these a lot of these stocks are unfortunately manipulated but they're also just so heavily traded that's a really actually great um great thing for them if you trade because the more volume means more movement all right which means more profitability for you if you're playing the probability volume i usually said in my indicators what i look for is more than one million these stocks are trading at three or four million plus on any given day so that's what i'm looking at with amazon for ted stoner you say it's time frame same across all types of trends this guy right here i'll give a little screenshot this is what i'm using ted teddy boy ted from how i met your mother um is time frame same across all types of trend the time frame is when you're charting it today but let's say in three months i'm looking at amazon i'm not going to be looking at september to december amazon i'm going to be looking at december to march amazon does that make sense chas when would you use a minor trend good question when we're looking at these higher time frame trends we always want to go from i want you to think about stock tickers as a forest and the individual candles as the trees so if you're a bird and you're trying to get an overview perspective you want to be looking at the forest instead of the trees and then go down into the forest to identify those smaller time frame price actions so chas when would you use a minor trend so the minor trend is three weeks when we use a minor trend when we're doing a swing trade or when we're in the stock and we want to be in and out within three weeks okay so you can also be using minor trends if you're day trading or scalping like i said where we can be looking at some of these smaller time frame pieces of price action recharting and making our decisions there when you're using a minor trend you you're likely using one of three trading styles one is intraday or day trading two is scalping which is day trading on crack which is just like in and out in and out in and out or three is swing trading which is not holding it's holding by definition holding for less than a year but holding for more than a day so that can be really um interesting time but the reason you want to use uh let me go back to a bigger time frame here bud the reason you still find minor trends helpful is because even though the higher time frames hold more weight to the directional movement of the stock you want to be not just capitalizing on the probabilities in these high time frames you want to be capitalizing on getting the best entry possible this is where we give a shit about minor trends this is where we care about where price is going on small time frames this is where we care about layering our entries because let's say that amazon is about to go um go long here let's say amazon is about to continue up in this wedge and come re-challenge this 3700 level again which it very well could here's where I use minor trends Charles I want to plan my entries and I want to look at what price would be best to get it at well I could enter in here I could be entering here as another layered entry and I'm using that because these candles do you see how this line didn't exist when I was on high time frames you're going to see other patterns emerge when you look on small time frames these minor trends that are three weeks so just to just to specify here for you if we're looking at three weeks let me pull up my calendar December 2nd November 25th November 18th November 11th through 18th ish is a minor trend so where am I looking at that for I just use the shapes because I'm a visual person November 18th this is our minor boom look at that look at that that's a minor trend when would you use a minor trend when you're playing off of higher time frames and you're in confluence with that to plan a premium short entry we couldn't swing this high we didn't break out you could have shorted here and you would have made an 8% profit if you were following that minor trend going and you're saying this is to the downside likewise if you're going to look at this entry and you're going to watch amazon tomorrow and monday there is a chance that it doesn't bounce here because the primary trend is still has this range down here so this wedge could break okay this wedge could break and what minor what would you use as your defense for it could break well you have three categories you have your minor trend you have your secondary trend and you have your minor trend or your small time frame trend three weeks primary trend on amazon right now is that giving me bullish or bearish vibes the primary trend has this blue lines it's primarily bullish but where's price at in relativity to it now a bearish it wants to come down here and test this area the minor the secondary trend that we're looking at for three months what's it giving me bullish or bearish bullish this rising wedge the small time frame trend the minor trend is it giving me up or is it giving me down down that's a two to one ratio that means probability is on your side for that bearish play so there's an opportunity it could it could happen so when you're looking at that's such a good question when would you use a minor trend whenever you're looking to plan premium entries to increase your risk to reward ratio so that you're taking trades that are one to four or one to three instead of one to two or one to one and also to help maximize your profit clears day clears day new trader thank you for bumping the thread adding those to the list so next i've got vbiv hood twitter and draft king so hang tight if you're interested in those at this point guys i'm running 15 minutes over schedule i'm still gonna go because i'm here for you until until we ain't no more we're gonna shut it down you don't have to go home but you don't have to stay here if you're interested in these hang tight vbiv hood twitter and draft king otherwise hope you got something out of the session i'm not going to be offended if you leave thank you so much for the kind words guys that means a lot to me this is really just this is why i do what i do love it so much john it's absolutely correct we have academy sessions every week going over the fundamentals um ted stoner do i use anchored vwap and in what situations are trend i have to be honest with you i don't use a lot of indicators ted i use them for my bias checking because i read the price action i read the candles and i go off of the basics sometimes when you use indicators bro i'm just going to put this on just so i could show you it gets messy the more sometimes um you get analysis paralysis right there's too much going on and you're like but it's here but it's here this is why we want to go right just look at the trend is it going up or is it going down so to answer your question do i use anchored vwap i'm going to be 100 honest with you no so in what situations are what trend um when i do use vwap it's in a scalping capacity i'll use a vwap trend ted uh when i'm trying to plan for an entry or exit and i'm like good this is primo i see that it's the bottom of the secondary trend it's at the bottom of the minor time frame trend it's at the bottom of vwap where do i think price will go i think it'll go to at least the middle vwap i'd set that as my first pt and then my next one when it comes to anchored and all the fancy stuff no bro i'm not about that life like honestly the fewer indicators the better sometimes but that's just because i'm also um i don't want to have too much because then there's too much to digest analysis paralysis the enemy uh john thank you so much for helping out with these questions man i'm just it's crazy vk is vwap work only for day time frame um when you're doing this you notice then that i did pull up vwap it's not really going to give you much it's not going to give you much the candles are going to tell you everything you need to know because volume weighted average price the candle tells you this is the open this is where it closed price opened here at 350 35 30 and it closed at 3675 guys i would really instead of relying on some indicators um here's what i would advise you to do if you want to be serious about your trading and you want to learn to read price action uh i want you to do number one learn how to read candles number two uh look at youtube look for hiking ashi we actually have some lessons on this coming in xhub and i know we have some of our analysts who have gone through it but hiking ashi is basically price action that's helping you identify minor trends okay so that's i understand the candle itself i understand the candles and the partners around it and then last but not least is um looking at the trends of the candles right but really when you're looking at these candles the price action this is when you want to start to understand how the candles instead of doing trends how they set the pace for what's happening around them like here's a swing high here's a swing low here's a swing high here's a swing low what you want to do is ask yourself are we making higher highs or making lower lows because that's going to give you a q in which direction it's going to go off of so um when you're talking about is vwap work only for day time frame um price for day time frame what i want you to do when you learn how to read candles is to just read candles on the daily honestly look how this is one day's worth of trading on july 6th amazon opened at 35 30 and it closed at 3677 or something okay that is what i want you to do you can be a successful trader if you learn to read candlesticks and then you look at a daily chart period that's all you need to do to make money and be able to tell up or down you know it gets um blown out of proportion up or down up or down buying or selling okay and then the candlesticks tell you your entries for buying or selling all right so we've we've beaten amazon to death but this was a really good one for lots of examples on other stuff thanks for the follow-up questions guys um thanks again for the kind words uh ken trape do you have a minute to go over a 20 000 foot view of your scalping strategy these trends seem more ideal for longer swings are you targeting intraday support and resistance for scalping yes ken um my my tl dr of my scalping strategy is exactly what i'm doing now actually every morning or every night never in the day time frame i identify never in the day time frame what i mean by that is never during the trading session okay so tl dr aim is a scalping strategy i identify primary i identify all three trends before the trading session starts then when i'm in there i have all this crap marked up on my chart and i'm in a three or five minute session and i'm watching three things primarily i'm watching volume because that's telling me when people are buying or selling i'm watching for these minor trends and then i just go through ken boom i just come through here and i mark all of these key levels and i'm looking at these levels and i'm watching price and i'm asking myself by those candle bodies by the way the candles candle bodies form is it going to go up or is it going to go down where is it going to stall out where should i sell i'm going for very small time frame scalps i'm going for 0.7 to 1 percent which in an options contract will yield you maybe 15 to 25 percent i'm not going for anything crazy but i'm looking for those premium entries and when that those scalps can when they coincide with the confluence here like i see this bounce possible of trend i see supports here i'm taking that scalp and guess what i might not sell it right away because it might right up every trade you enter enter with the mind frame of it being a scalp if you're going to try and do the day trading thing because you want to be able to play hot potato you don't want to hold it in your hands and get burned okay you want to be able to hop it off and how do you know when to hop it off those key levels just going in that's why my charts are annoying sometimes when i pose because they wind up looking like this and this doesn't give people information the high time frame stuff is cleaner that gives information small time frame stuff is amazel's crazy pants crackhead energy day trading stuff omar vk go rough everybody thank you so much for the kind words new trader awesome uh d-raw great thank you so much uh ted i was a teacher for eight years to use the phrase again for a second time this is my bread butter baby i love it i love it um i have a few more tickers and then i'm going to get get uh heading out here today so let's go for vb ivy vaccines to naughty i saw you just had a question uh let's see when you scalp do you go for weekly contracts or do you buy longer duration contracts you can skip this question it's off your agenda to naughty no i genuinely look i live for your questions i am here for you i'm not here for myself um so if i'm and it's actually on topic because ken just convinced me to give the tl dr of my secret sauce so my scalping strategies do i go for weekly contracts yes let me tell you why because the shorter the contract um if i think that i'm only going to hold it for a few minutes or maybe even a few hours then i don't need to buy time my strategy if it's low time i'm picking same week x breeze i'm going for fridays um this there's a few analysts who do this as well you'll see it sometimes uh wags does it um but my boy guru is my um podcast bestie and jtw his daily spy plan is always playing same day x breeze so when you're going for scalping you do have two options you can still buy time but what you don't have is the greeks working in your favor to increase and juice up your profit right but if you're going for the same week expiration you have that juice in there the problem is you have to have balls of steel to do this because you can't go in going i'm going to get that juicy amazon weekly contract because it's cheap and i know it's going to go on the street you don't know anything you have to be just as willing to lose what you're putting in as you are to profit so when i go to scout personally am i going for weeklies yes because it's better for my risk management because i'm using less of my capital i'm um more confident in my ability to play hot potato right i'm not going for the big win but because of that one percent move in amazon i can in a weekly contract i could profit 45 percent instead of taking a two or three week out contract where i'm only going to profit about 15 percent because of the way iv works um you know like the delta the theta the vega all that good stuff so thank you for that um john agrees with me he says i personally go for weekly because it yields more results but it comes with more risk absolutely double edged sword to all of this stuff too naughty though i do want to clarify sometimes like with amazon if i were going to take a scalp on that right now i would go further out because it could go in either direction so if you're prof if you're probable if you're 80 20 or 70 30 go for a weekly if you're not sure don't take the trade to begin with but if you're going for swings go for longer by time by time anytime you can afford it by time it's just giving you an extra cushion for your risk management learning trader very detailed explanation thank you but also i'm sorry because i know sometimes i'll get passionate and some of my newbie traders um please give me feedback in the dms i welcome all questions comments concerns but uh learning trader if you're following me or if you guys are just taking on like a sponge um i'm happy that my explanations are being helpful for you thank you for the crazy guru is right uh for weeklies do you play in the money or at the money or it's dependent on deltas and but yeah it depends on the price of the contract um i usually most people will see my plays i like to go one or two out of the money if it's because it's going to be significantly cheaper if i think that it's going to go there let me tell you when that works ted uh when you are charting the primary this is why charting the trends are important if i chart the primary secondary and minor trends on amazon and if i'm going for the scout play let's use this one as an example i can take a little out of the money um a little further out of the money call because i think it's going to get there because i see that i have all of these all this confluence of traits that are going to push the trade in my favor the more probable i am the more willing i am to be flexible on on my prices on all that stuff when you play in the money you're guaranteed to get more profit but you also remember you profit from the range that the price takes so what you have to measure is what your risk is so for weeklies my personal thing is i do um i it it depends on how much i'm spending if i'm going to be totally honest with you i very i'm not a person who's like i always go to out of the money no it depends on the price of the contracts it depends on the other factors of trends and it depends on my strategy sometimes you're buying some that are at the money at the money in the money you know stuff like that but yeah it's all dependent on the greeks bro too naughty thank you so much cup of magic thank you so much big fan options if you do end up holding on to a single leg long too long oh yeah we've all been there do you typically cut quickly roll it down or out do a repair by selling a short leg against it uh big fan i'll do a ghetto spread a ghetto spread is um selling the neighboring call so let's say i took a hundred and fifty dollar call on apple and the trade is not going in my favor it's going to like a 145 i will sell uh the next call which would be like a 150 to 50 to help cover some of my loss if i'm a pattern day trader if i'm against pdt flagging rules to help cover some of that um using the search bar in the server of a ghetto spread will yield you a lot of results on that but to be honest um let's talk about just the just the vanilla option long here a single single long um do i typically cut it quickly i what i do is um and you're saying too long so a long could have been in profit let me pull up uh let me pull up cosco i played here my long could have been in profit and i could um i could have been here right with cosco i could have been at 560 and been feeling real greedy man i could have been feeling real greedy right but at this point i'm already in profit so what i do what you do to prevent this holding too long and or cutting too quickly is you move up your stop instead of thinking about what limit will i set for or will i sell for what price do i want my contract to go to if you're waiting for a contract to five hundred dollars but it's still at 350 but you're in profit already 25 percent move up your stop loss instead of setting a limit sell that's not a loser's mentality that is a guaranteed profit hearing strategy that is a profitable trading strategy so do i typically cut too quickly i i'm sensitive to the red but you're going to have that stop loss when your trade goes green don't let that that trade turn red move that stop loss um guys what i mean let me spell this out because some of you are DMing me so telling me that this helps you stop loss you originally said it at the amount you are willing to lose for some traders that is 50 percent that is not acceptable to me i am a 25 15 or 10 percent girl depending on that trade okay so i set that there and i said it and i forget it i will eat stops all day for breakfast i don't care when my trade goes in profit the stop loss move to break even okay that means that the least i can do is to have tried my trade but not lost anything the way you win as a trader is having stop losses in profit that way you're either winning or you're winning okay but these are your first steps you've got to enter the trade with the amount you're willing to lose at your stop loss there um setting it a little bit outside of structure will give you a little leeway then move that to break even so your green trade doesn't turn red then green or green baby helpful hope so okay um big fan i went into that a lot and we can get into that more but i would encourage you to search the server because we have um time hawks another one i'd look at i'll also look at big t um gaurav do i play leaps uh yes but i'm gonna leave that for another day because that could be a lesson on its own please forgive me for not going into that one i had a few more tickers i wanted to look at um john thanks for picking up the slack on some questions appreciate it uh ted stoner that was my stop loss strategy for um do i average uh okay um actually so big fan what you're talking about is doing a repair and rolling it down i'm actually going to give you a little bit more to your answer because of ted's this covers it too there's a phrase called kicking a can down a road it means delaying the inevitable if i'm already going to take a loss i'm not going to bury more money into that just so i can sell for a bit of a smaller loss averaging down is a bad habit to be in how do you prevent yourself from getting in a place where you're averaging down by layering and scaling in your entries we talk about this all the time in the podcast jtw it's good at this if you want some mentorship on how to do this um please reach out to Byron or Birkenstock who can arrange for you to have a session with a mentor i'm one of those mentors if you're interested we can um get you started on how to uh customize your stop loss strategy um yes doing trailing stops can help what you want to do is make sure that if you're starting a plan of having in scaled entries that you aren't setting too tight of a trailing stop you know what i mean because maybe your 10 loss point might be your average down entering thing so this really all depends on your trade plan so to help answer your questions most uh please um talk to Byron or Birkenstock for mentorship uh bv adding fubo to the list thanks again for the deadbeat dad candle bv i'm gonna love that forever um thank you so much my mother will be proud of how you pronounce my name yay i feel so happy to hear that uh big fan first loss is the best loss who says that bro all losses are set but that i that just hits hard hits different okay vbiv let me get back on track we are going on an hour and a half of this i'm not done yet i'm happy to give you um give you guys some mentoring here i'm gonna call it a night regardless though at nine though but i hope you feel like you're getting your money's worth with our membership so vbiv let's look at that primary trend what did i say for the primary trend it's one year today's date is december 2nd 2021 so let's look at december 2nd of 2020 where's december 2nd that's around this point right here so we're looking at this chunk of this stock let's look at our three months let's go to september 1st or 2nd we're looking at this chunk okay so let's look with our primary trend here for one year you can look at this as a high a lower high a lower high a lower high whether or not you include that the primary trend for the last year is we're making lower highs now let's look at our lows we've got some scattered differences here we made lower lows then we made some higher lows but what we see in common is the support zone remember from our support and resistance lesson we learned that there are sometimes zones instead of specific lines one even number all the time these are also demand zones okay we also see here that we have a supply zone so let's get back to using some of that terminology and some of that structure here with vbiv so in our primary and our secondary trend our primary trend is remember if we aren't sure where we start here we can look at price comparison where we really truly started for december 2nd price was let's go closer so i can show you this i know you're watching my stream too and it's not as big so please tell me if i get to uh zoomed out on that i want to make it the best for you i can price opened this is why reading candles is important as well okay so my candles guys i know people comment to me on the blue i do that so that i can read the bodies and the trends rather than focus on the red or the green but my light blue or my bullish and my darker blue are my bearish so this would be my green this would be my red so on that december 2nd date we had a we had a bearish candle price opened at 356 and closed down here at 316 okay so 356 to 316 where was it at today we had another bearish candle price opened at $3 and closed to 271 so when you see all this mumbo jumbo all this junk just compare the prices it's gone down it's gone down you can also see that we're being reinforced by some of these trends here where is price currently trading in the secondary trend we also see price has spent more time going down than up you can look at your beginning and you see that it's pretty much been a little bit of a consolidation period right hasn't changed too much here it's lingering around this demand zone remember our third time's the charm we've got visit numero uno which was just a wick so it doesn't really count just the tip doesn't really count guys you got to go all in one two three so what are we seeing with bbiv we first of all we see a range right second of all we see um a solid trend that's going on each other thank you so much john appreciate that um so we see a solid trend we want to trade the range we don't want to be trading the middle of the range here so you had some people who came up here though and you want to look for other factors we want to look at volume on vbiv yes it was in demand zone yes it's in demand zone here but people just got done from a huge sell-off remember how i told you that's one of our red flags here look at this volume profile what you want to see is even some peaks and valleys not some big red flags pump and dump trash so when we aren't sure about our technicals if we want to have a second look at something remember we talked about our finviz screener vbiv let's look at our dates on our charts and see what was happening this week in regards to vbiv well first of all we obviously have the covid news vaccine news but when we come down here we can look for december 1st or 2nd look vbi vaccines to present new overall survival data from phase 2 study and blah blah blah boring vbi sub vaccine FDA approval of a new vaccine there we go so that FDA approval meant that people that's what caused this price to jump up in the morning there was rumors of FDA approval people buy the rumor and sell the news people buy the rumor and sell the news when you see these catalysts and you see these red flags that means there was a there was something there likely fundamental it was something on twitter somebody tweeted it was a merger and acquisition it was a pump and dump it was a vaccine approval it was the opportunity to catch a leg on momentum but people buy the rumor and sell the news where did they sell the news at the nearest resistance in this case we have a resistance zone we have a nice supply zone do you see this area right here and this area right here okay that price was not going to go towards people also have some round numbers here three dollars three twenty five three fifty ish range all right so these tickers they don't have enough volume to have the price to go up here even with the momentum of the FDA news so we had some selling so what do we think for vbi v am i bullish or am i bearish i'm bearish on vbi v despite the fact that it's in demand zone because the um it showed that it didn't have any any strength here to break through when it had the momentum and the chance to has performance issues vbi v has performance issues but let's look at this from some other chart pattern perspectives i forgot to be posting some of these charts y'all my bed swing jam appreciate the good vibes thank you so much if i take all of this away hi stephen how are you clear that up where you want to put your stop right because if you're just putting your stop at a point just based off the you know percentage that isn't especially if your fatalities and protection mindset but if you put your stop to the validation point just basically off that then um second and then another thing that i want to bring up was when we talk about these trend concepts we talk about the minor secondary and primary and the time slots that they do just like on an aspect is a year but guess what the primary starts as soon as you get past the three month like there is no limit on the primary trend it's just a trend that's over a three month time period here is the standardized concept is going to be because like the three levels that we've discussed and shared is basically the fundamentals of it and you can get more in depth right so like you can break it down it's a six level that's what i mean is the primary trend could have three levels of primary and secondary trend in three months it doesn't have to be exactly three months you know it can be 75 days you know it's just a template so don't you say okay it's 90 days oh i'm buying right now and you know based off of the trend it's fantastic it's in the theory it's like a 1920s theory by the way which is ironic it just shows that so you know exposure than ever would be at times of year-by-year supports so if you can look at any chart this technically if you were to flip the chart and say hey you can see that this you know this is only showing i mean traditional markets since august wow actually so guess what we're doing price discovery right so this is price discovery so price discovery the fact is there's going to be a potential buy a good year a nice lead one and the trend is going to be reversal and it's just because just based on probability when these reversals occur or when these price discovery aspects occur it's that you test that once there's a reversal so for instance on hood is a perfect example is what you want to do is just to um you know because with any trade you want to start as a scaffolding right for some sort of local achievement so it's with stocks i think what's so high that we can see that you know for the most part forty dollars thirty nine hands so that created this move there but it's like between 40 and let's say 33 and guess where that demand range is it was that before the reversal occurs you can expect the probability of retest in that range because it doesn't support rather than resistance and guess what now we are a trade trade setup basically setup for big-time market i think this market particularly has a lot of potential i trade things based off price action price action for the traders here you know x trades they have this mindset of you see it it isn't about the amount of money it's the amount of user base and the fact is you're getting such a larger amount of the user base and you know users that are getting their first influence into the market and think about this if i don't know you know maybe somebody who knows nothing right let's just think that i know nothing about the market so i probably know i'm starting to look things and come to do these right so you know the thing is is i just definitely think that the long-term phone apps for the most part is just in my opinion i'm something that i kind of see like let's say this week right here this mother candle establishment look to see what happens in this this next week in close because if we start to see holdings like we saw at between 33 and 40 where you have this demand zone right so we want to see a week two weeks maybe even a third week pre-test we're saying we're not going down then that's your big price when it comes to essentially taking even the trade to take is just spot by scaling and like that's what i'm doing personally i'm scaling in 25 all the way down the corner so that's what i've been doing myself i think honestly if i started doing that personally in my own trader i'd probably see some pretty serious success in the aspect you know i most part in stocks you get uh this week has been fantastic this week for me i'm looking at all these tickers i'm like this is awesome i'm starting to see some equipment i'm starting to see some downside movement you know i really i really enjoy it so you know this is a really interesting time in stocks because for the most part if you think about it if you scroll out to like multi-year standpoint on some of these huge tickers they think mostly in primary trends are going up right so that by definition if you want to get some nice spot buys for the next year yearly supports so resistance turns support now looking at twitter here is a perfect example does that fit that definition are we starting to enter because if you think about it in that aspect you won't have fear right because you're entering based off of this is now it doesn't mean that you don't have it doesn't mean that you don't have a like when i buy spot on things i have massive scaling like you know what i mean what i say is like let's say i have do is i would do four six percent scaled in interest so i would do you know that how much would that be not only 25 percent of 1,000 to 250 now my point is if i doing that then whenever there's reversal if i want to do the most the now risk to reward is much greater that's going to continue to the way once the reversal has occurred but if i'm scaling it i'm buying blood i'm trying to catch it all the time you know just do small scale in entries you know it to be very patient because that's the thing with stocks is for the most part you can just play along do you need to you don't think that you don't need to be you know so rushed about it and you gotta be very patient about your entries and we talked about it you know the first lesson you know you want to only take two to three trades um that is six months asking you know so like if you ask an example you look at twitter let's look since 2020 how many trades did you get to a million taking but i know maybe i see one two three or the other was you know maybe two short opportunities that were halfway decent and that is right there's spot shorts there's spot longs um so no it's stephan you're my knight in shining armor because i thought i could keep going and then when i as soon as i stopped to breathe i'm like oh my god two hours okay so um here's where my man john g comes in clutch left on the uh on the docket we've got draft king fubo clsk roblox and neo um so john thank you for posting the roblox chart uh we just went through hood we finished up uh twitter here with twitter again um i agree with stephans commentary on that you're coming into some goodbye ranges when remember that the dump this week was jack dorsi who's selling his shares he's leaving stepping down a ceo and then twitter has also announced one of the youngest ceo's um in the game and so there's some uncertainty there from that fundamental aspect that you can capitalize on if you understand price action you can watch for those reversals watch for supports to hold all of those good things but still look at this selling level wait for there to be a confirmed change in the price action to where people are buying so that you don't catch those falling knives but how do you do how do you um plan for those entries scaled entries so twitter is um in the long run we've got lots of good examples for that yes agreed so stephen with the solid advice next we've got a little draft king action um john thank you for neo if you want to work on clsk for those friends who don't know um john g is and uh a moderator he's on team x trades and team crypto traders he's been beefing up his trading levels very proud of john for being a full-time student and um you know full-time off-topic degen troll as well as no just kidding but a lifetime elite plus member at x trades and just really passionate about giving back to the community really improving the technical skills and all that stuff here so really love to see it thank you for your opinions and help tonight john uh with draft kings um let's see what we got working on here i'll call this one my last one for the night hope y'all found this session helpful okay so we want to look at december second ish range last year and again it doesn't have to be the exact date but this is where we're looking at this is our zone right here we can look at smaller timeframes we can look on the weekly or we can look on the monthly to help see those candles but what you see here with draft kings is regardless of which time frame you look at you have a clear top pattern this is uh in the high time frame it's like a rounded top the smaller time frame you've got that triple top action you couldn't beat this high price couldn't swing so then where is it going to go it wants to find the next support levels where could the next support levels be on a weekly standpoint with draft kings you have a few different places where you would have liked to see price held hold originally is here for a chance at a continuation to the upside because that means there was some demand in this range with these candles right here back in november december range but it didn't it didn't want to swing here that would have been this range right here instead when it lost this range right here again there's that 50 of that candle that we've been talking about and it came back down here we're looking for price to find a bottom before we see some reversal to keep it simple you just want to ask yourself is a stock going up or down is a stock having more buying or having more selling over here from september you can see about this range is a small time frame trend is this stock going up or is this stock going down right here you can see there was a pretty clean downtrend here once price came over here and failed to swing these highs and break into this tested supply range up here at the top this would have been some good layered entries for a short and then where do we think bottom can be i don't know it's draft kings i always like to have hope for march madness um on a fundamental play i remember saying that last year as well and it didn't really uh come out for me so one thing to do when you're feeling um uncertain or if you're like hey where could a bottom be you can look at some past history of the price which is always going to give you the most unbiased thing when it comes there but otherwise you can look into some i love that wants to correct it you can look at some other perspectives fundamentally what are institutions rating this price value at where do they see price going remember institutions they have to pay there's this holding here 60 above 60 percent so this is a partially manipulated stock but it's also means that it has the volume right but my three criteria here for institutional ownership and met volume is met but it's not meeting the performance here to date so how much worse can it get it's trading severely below its moving averages we see some bad sides over here on the daily and on the weekly chart but what you want to see is price to find the bottom and i think that you could start to see some reversals here with the lowest point being around 26.62 but when we're at these price levels where we haven't broken a hundred yet remember from our support and resistance lesson as well is that you'll have round numbers being spots where price will always want to find uh a floor right so you got like a 20 ish range 2250 25 dollars whatever the case may be that's where you can find some value here if the lowest we would go i would say might be here but what you want to see is that if in order for this to remain a growth stock is to be trending up over time you also have this to look at as well so what you want to see is buying overpowering selling confirmed reversal in price thank you so much for the it's not a kind of oof chart clsk so that's draft kings for me i'm tapped out we got four minutes left i'm not going to do any more uh charting but i'll let you guys ask me anything you want to know in the discussion channel before i finish up the recording here actually i'm gonna end the recording