 All right, folks welcome on back here for another fantastic edition of our traders talk workshop here this Tuesday September 12th Shortly after 11 a.m. Eastern time as such each and every Tuesday morning we conduct these workshops great tab all our students members like inside our Live trading room got the big ol head set on today great to see Roger Larry got Grant and Drea Bonjourno Got Kathleen Michael Phil Brad Ray Sam Roger and all our new members joining us perhaps on top welcome aboard So all of our members there now if you're joining us back on social media Facebook live LinkedIn Twitter YouTube X Etc whatever you call it nowadays. Hey welcome on a board as well Just really quick and a pop the QR code up right now If you wanted to join us get the full rendition of this workshop alongside everything that we conduct inside our live trading room Just scan that QR code on the top left of your screen. I Just got stopped out on a trade here. It was like a dinky small trade Actually, I just came off a coaching call with one of our students in right now Yahuda I'm just got stopped out break even on this IO and Q looks like the markets are really starting to sink right now Let's take a look is it IO and Q only we're just the market as a whole looks like the markets peeled back the last few bars But nearly not as big of a not nearly as big of a drop is what we just had here on IO and Q So how about this let's start off on IO and Q great to have all of our members here joining us just collectively so We're actually going to talk a lot about this morning as a whole and and even Tesla from yesterday Tesla Big pop coming off that Morgan Stanley was upgrade and the outperforming whatever they labeled them as With I you and Q really quick learning lesson here Just like we always say inside these workshops in our main curriculum on top when a stock breaks through a big level What are we expecting shortly after my classic catchphrase for Larry and John and Wayne and Grant and Barbara and Kathleen and all of our students here What are we expecting shortly after a stock breaks through a big level? and we jump in Now I hope for the move to be up. That's my hope for what I'm expecting Regardless of what I hope for is a big Move a big move So we're gonna talk about a couple different trades But just before on a one-on-one coaching called one of our students Well, it was actually pretty interesting because we were watching IO and Q drop and drop It was on it was at 20 at the time and my student Yahuda and I and we were looking at this and I said, alright, you know, maybe it could bounce from 20 There was an iceberg there earlier as resistance Let me ask all of our students here once more when a stock breaks above resistance and it runs off of it We would like to think that initially for resistance to become what? Support all right, so I thought for as much as IO and Q dropped off from the highs here like all right Maybe 20 could be support. I didn't enter though at 20. We were just kind of looking at it Maybe we're going to we're just kind of shopping around. I think at the time we jump back Yahuda to CGC, which I'll go into next Well, I turned my head for a little while and this obviously continues to drop off a bit and At the time that I turned back to it Right away. This was at my next level and it was right at this green line I plotted I took the time to plot this actually last night I normally not as much of a night hawk the day before so, you know I knew I was gonna be busy this morning and pre-market myself. I said, all right Let me get a couple stocks out the way I plotted for IO and Q then I plotted for Tesla So, you know, we'll go into those in a moment, but IO and Q well Hey, it was already at my next big level It actually nipped under and over it right at the time I turned to it So let me ask us really quick What do we nickname green eyes for Margaret Larry Brad Ryan and Sam inside our trading room? We go through the motions every week here in traders talk. What do we nickname green as? Buying so not only was this a big level to me because I took the time to plot it like any level I plot to me is a big level Well, that's a big buying level, right? So right away. I'm not normally this impulsive to just jump into a trade But it ended up leading to a pretty strong under and over and I just jumped right in it was on a smaller size So this was a quarter-sized position. It was 250 shares I'm looking for a nice rebound though. I'm looking for a big move shortly after so Did I get greedy by looking for more than 30 40 cents? Yeah, not necessarily You know IO and Q's been such a big mover as a whole of late like the last month and a half So why not why could why not to see this stock? You know try and rebound and hold a higher low from 20 move back up a bit more Why not it's definitely it definitely has the power to do that But and I did this right before traders talk started live. I showed us inside our live trading room I did this live before I pressed record Wayne John Brad Catholic. You saw me do it I moved my stop up on this trade. So I initially had my stop set What was it you heard at like 59? I had a set at 1959 year so as it bounced and moved up here I said, okay Well, you know what we're beginning traders talk not only that but I was up a little bit at the time Well, it's either gonna continue or it's not gonna continue and we're gonna get this as the end result over time So I said I moved my stop up to basically break even I think even like a penny or two like at my level or under and Right as we started here splat big drop I am very happy with the end result on this trade a it's small size So even if this even if I did get out at 20 bucks It's not as juicy of a profit as I would have made if this was during better trading time from 935 to 1030 Eastern I'm trading normal size then at 1030. I still could be trading normal size or whatnot But on this trade it was dropping fast. I said, alright, let me jump in but I'm not going full size It was quarter. So I wanted a little bit more. I didn't get what I wanted end of the day I'm not gonna take a nick on this trade. I'm not gonna take a loss Any sort of scratch any of that. I'm outbreak even and I'm extremely happy that I got out there now Is it possible it could bounce from the next set of support lines these two right here together? past monthly close level at 1925 I think that was back from the end of July if I'm not mistaken right there Bing right there end of July 1925 close and then also another big buying level so to say green, right? That was at 1934 It's possible. This could be the next support level right under and over. It's holding it here But you know, I'm not gonna be so jumpy to take a trade at this very point We got traders talk right now So I tried before didn't get what I wanted the market somehow bounce up coming up here then I went to I'm sure we'll go with it I think there's a lot of chances to look for a move on that stock alongside a bunch of other trades now at This point so, you know with the CPI CPI report out tomorrow with the PPI report out on Thursday Overall, there's no great need to be aggressive and very trigger happy to do this do that do this do that You know normally we tend to see hesitation before these reports come out But otherwise let's say for a stock like CGC Well, hey same deal right and I said this before it's my student Yahuda on our call If this isn't making the big move here off the big level that we plotted 151 this this one I wrote in the chat board I said Yahuda and I are looking for a move off this 151 it was right here at this time Well, if it's not gonna make that big move like we're looking for you don't want to hope Because where the markets are already likely to be flat to begin with Then you know for something like CGC let alone that popped up from last week at 50 cents It already hit 195 today. How much more could it keep going? So you want to trust your levels don't get me wrong You want to play to the levels that you took the time to plot and the levels that you know are damn strong But not more than that Not any more than that right clearly it goes to show on my IO and Q trade here And then probably on a litany of other stocks, right? So a couple questions early coming in on the chat board right now inside our live trading room again for all Social media right now joining us just scan that QR code on the top left get you access access to our main chat board All our students a Brad Grant John Ryan chatting right now asking questions. So Ryan saying hey Josh was that green line? the CVP of support Closing print from the previous day now Ryan. Are you referring to the price in 1968 here? 1968 this I'm gonna say that was yesterday's closing print. Yeah That was yesterday's closing bell print 1968 It was green on the tape. So I guess I labeled it green there with that in mind So technically it was yesterday's closing print. It was filled on the ask So this is this could have been the moment for this to be support but if we're not getting that run-up then over time not to say it's just gonna break under it, but You know hey when a stock breaks under support and drops off from it support should then become Resistance so even the in the event where this begins to pop back up a small bit I wouldn't be as bullish right out the gate You know if you jump in from this next set of support lines right now and it starts to go You know easy to say that you might be in a good position by the time it hits 1968 but given how well that was actually holding a support a bit there on the first move back up to 1968 I would initially expect for that to be resistance All right, so there's a lot that I want to talk about here. This is just what we kind of started off with with the way it dropped, right? So Let's go to CGC. I Want to go to CGC obviously it's dropping off now So it's not a great trade here at this point. It was a great trade from this morning It was a great trade from yesterday was a great trade from last week and so on and so forth Now we've been aware of this for a little while the pot stocks that we've been calling out from the beginning of Octa from the beginning of August as a potential short squeeze and for the majority We've been really head on with that. The only thing is that till ray TLR Y is like an absolute slug This thing has been so slow compared to all the others out there ACB Sndl over time VFF from yesterday that was on our watch list So, you know the main horse though in the race has been CGC and we've been calling this one out, too There's a lot to digest on this trade because of course it ran up once again today And we'll talk about that right now, but here is something that threw me for a loop This threw me for a huge loop early this morning And when I say that I don't want to confuse students and I don't want to discourage new students in the sense that it's hard to try and anticipate or you know identify and You know things move quick. No, no, but you know at least for what we can see Well, if there's something that normally doesn't show it leads you to ask why right? So I want to get this actually here if I can try to get the timestamp that I chatted Rich my colleague here in the chat board early this morning. So Rich was this early in the morning, man We had so much chat going on between you and I and private here And talking all about football to my Giants Fausto's Jets. All right, so early this morning We ended up seeing some big prints getting filled on time and sales here on CGC, but it was at a really odd price and it was at the price $1.95 195 Why I mean yesterday's high was only 179 and then in the after hours yesterday It only moved up to a high of like I think exactly that 179 180 ish if not mistaken, right? Got close then it dropped off, right? So this never hit 195 194 Where I'm getting to is and I'll show you this on the tape This morning it had to have been like at 815 820 in the morning I'll go back on time and sales right now. I saw a bunch of different prints coming on the tape way at a price So it led me to think and led me to ask why and You know, hey, we got to turn ourselves into a five-year-old at times and ask why Why do we see all of a sudden? There we go. Thankfully didn't need to waste much time here. Thank God There we go 192 192 198. This is why Clearly there is zero Zero Charting trust me when I look in the chap where I see, you know, a lot of trades get posted and I go back myself I say, all right, like why did this trader get in here or there? I look at all the charting. I see this all So the only way for me to say that this is legitimate is if these are dark pool transactions that are off exchange Basically in-house from instant from client to client within the same institution Now this all came in basically at the same time 192 192 198 195 and so forth. So I wrote that to rich earlier in the chapboard like between ourselves because it's not a Guarantee of anything really until we see the stock make a very convincing move upward I'm not gonna really think much of that And we see this crap all the time in pre-market at least at 8 o'clock see these big spikes at 8 o'clock You know unless if there is big volume filled at these prices I'm not gonna think much of it, but this was really far away from where Cgc was trading in pre-market let alone where it was trading at all Yesterday like at all. It didn't even sniff the 190s, right? so Hey this morning. What happens if After the market opens up preferably after the first five minutes. What happens if Cgc begins to break out begins to punch above big resistance So hey, it's easy to say it ended up actually holding under and over from 140 Big buying level there. I labeled but this morning by the time the market opens up on The Cgc trade opening bell print right here. It was about 1.4 million shares That's pretty big to me at 151. All right. Well, hey, what happens if anything if this breaks over this big level We should be expecting what after folks? Big move shortly after now. What time did this break over this level? 938 okay, so absolute prime time trading like flawless 10 out of 10 prime time trading. This is breaking through this big, you know big opening bell print level I can honestly label it green since it was green on the tape So why not expect for this to go but not just that Well, since it's breaking over this big level and we know reversal time to be around around 1015 to 1030 Eastern time Why not try and look for a move close to 194 or 192, 198 maybe or whatever is there, right? So when I'm in at 151 and this thing is freaking flying I'm confident to see this try and get closer towards there, you know if this can break above 169 I was saying that this was the next major level. I had plotted so, you know, I was saying in the chat board here We might have a little turbulence at 169. Don't be surprised But if this breaks above this level rather fast then things are looking phenomenal for this to try and get closer So easy to say that's what happened if this was shaking around 169 even the slightest here I would have gotten out on most of my trade at this point because what's wrong with about 17 18 cents for a $1.50 stock. I that's a pretty solid profit to me You know, even if it goes higher, that's not a small move in relation You know, you always hear me say you look for a big move shortly after big move. I Don't have a number. I don't have a percentage to give it's very You know shoot from the hip the more that you're with us inside our trading room You do have expectations simply put for a dollar dollar 50 stock Hell if I can get 40 cents on this like it made that's the home run That's the ultimate like pipe dream to you know, try and jump in and out on But heck if I can get 17 18 cents here I think that's justified with the with the entry and I'd be very happy if I got out there Well, it broke right over this level without any fight. Are you kidding me? So of course, I'm gonna hang on to this trade of course. I'm gonna stay in this trade then So at that point the more it pushed up a more thought alright, we're gonna get close to this We're gonna get pretty pretty good towards 192 198 whatever and at that point I ended up getting out on my position was like pretty much right there at 192 191 or so It was it was actually on options trades as well with CGC So on the stock I did get in at 151 but on the option I time the entry very similar with the stock trade I jumped in on 150 calls here right at right once it broke over 151 and I got out on the calls once it was right around this 190 area because Obviously you can keep going up a bit more the premium price that is but when you already have the majority of the meat taken off the bone You don't want to get greedy. You really don't want to get greedy. I mean not only that but Yesterday I personally missed out on CGC and the run that it made. I was more infatuated with my with my till right So with how much it pumped yesterday with how much it pumped Last week and then this morning on top You really don't want to get greedy right you can't Because it's easy to say but It's easy to say but this dropped off not only right from that price But if you're counting on that reversal time to be 10 15 10 30 I Would expect for it to be around that time But the more and more and more of stock is pumping up Big trees fall hard right and we've seen that in the past I mean hey look what happened to Carvana back earlier this year not even like of late, but like earlier Or I guess it was even last year at this point But I guess you could also go back into July time now at the stage But for as much as it pumped up eventually comes back down right so if you're in as a day trade Then you want to make sure that you're out before the the top of the roller coaster is hit Especially before the roller coaster is coming back on the way back down right so you know ultimately there It's just better to take the money and run Wayne says in our chat board pigs get feds Hawks get slaughtered like that. Yeah, Wayne You had a good morning this morning and and you know, I just say that because he was very active in chat I was seeing it very you know, just evidently Had a nice bunch of trades out there on CGC. I thought it was and Wayne was the other one you got yet a nice one early was it the Pozum COSM in pre-market. That's also one that we'll talk about Lira and Cosme says yeah, let's go to Cosme next because I'll tell you this was a good morning I expected the markets to be very flat and shaky and hesitant with the CPR report out tomorrow and Because of that. Yes I'm not going to be as trigger happy to take certain trades on name brand companies Especially when the markets are dropping that IO and Q trade was a bit of an exception based on the level I had but outside of that that doesn't mean that we can't find like the cheap runners the inexpensive stocks that are popping big You know just earlier today once again, we works another big squeeze up on this trade So, you know from yesterday's call out that we had once again this flu Well, eventually it's going to pull back pretty hard, right? Well earlier this morning. We had a similar move COSM and this was a big pop earlier or like right out the gate at 825 and Thankfully I was you know logging into the chat room and I was setting up myself and I saw this I think rich chatted it to me actually at first give him the shout there Well, when I see something this big of a pop Right away. It you know gets me going. I start saying all right. Well, where are my levels? Where are my levels? Okay, well, obviously look up book map But this is a pretty big pot. So right away. I was just kind of looking at the daily chart here. I Normally don't have these circles showing here actually at the time to represent it But you know the white candlesticks here you could even see You know pretty odd. I mean the stock trades like crap volume every day. So I don't want to really think too much of it but Three days in a row. You had a doji at the same exact price 121 what's that all about? The open and the closed were the same exact price at 121 those days then even this one after 120. So I'd say 121 120 seems to be a bit of a Historical level so as soon as this stock popped in and we first made the call out on the pop My next call out right away. It was at 835 in the morning. You could scroll up in the chat board folks It's there too lazy time stamp. I said at 835 Cosm has a big daily chart level 121 well right at 835 it failed to break any higher came right back down Normally I move away from stocks like this because we see all these pump and dump trades all the time This could easily come back down and just sink lower Actually at times we've seen that make the percent percent losers list over time from there Well what I'd called out afterwards or what I saw afterwards is what led me to become interested in the trade again I ended up seeing later on it broke down a lot, but off of 110 There was about a 26,000 share iceberg that popped up on the buy side on the bid side there, right? All right Well what time is it 840 in the morning 842 in the morning just about roughly So we still have time to see this try and materialize now It needs to at least hold above that price so you know for myself I ended up waiting for this to go under it and by the time it started to chip back above it It was just on the sequence here I ended up jumping in with the price was at 111 Easy to say afterwards because it ran up but folks I shoot straight You know I just mentioned how I missed out on CGC yesterday because I was too infatuated with Tilray So you know at this just easy for me to tell you but by the time this broke back over 110 I jumped in rather quick because it had a tough time really with it at first But you know what if it's not gonna hold under it and tank more and it gives us another shot of it breaking over that Price again 111 it was at 110 it was 110 my entries at 111 right so with this it ended up getting back over that 110 price and then from there. Hey, it's a big level looking at the order book You know, we don't have too much volume out there even before that iceberg showed up our biggest one was at 125 For about 17,000. All right. Well, that's a big level. We'll have to respect this as a big level here at 125 All right. Well What's bigger? 17,000 roughly 15 16,000 there or 26,000 so when I saw this pop up I definitely said I'm like, all right. Well, let's see what could happen here over time But once it re broke back over this level we say, all right Well gives us the chance to try and jump in but obviously it not just has to hold above it here now But it has to make a Big move shortly after so with that it ended up moving up towards 121 I took half my trade out or three quarters of my trade out here I think right at 121 then the remaining part I think it was right at 132 or something like just later on Right around here. I think at this time I got out on this on the last quarter Money is money, right? So if we make two cents on the trade then it runs up 35 cents without us Obviously, that's very disappointing and the more we do of that it could be discouraging down the line You know, obviously us here at Cybertrain University We look to try and help you understand what we're doing not just wrong But what we could be doing more so in the right direction to allow us to hold on to a trade better If it happens once it happens to the best of us if it happens often Then that's something that you and I would like to work on together with this though Hey to get in from 111 and get out even if it was at 122 125 That's a decent game. It's a dollar stock So, you know what like 10 cents 12 cents, whatever it is if not maybe more. That's a pretty good trade Obviously we see cheap stocks make these extraordinary pops and runs like this might go to three Obviously, it's not gonna go to three now, but I'm saying we've seen stocks make these historic runs We're not trying to play lotto, you know, I kind of phrased it that way last week And I know all of us don't have that at the forefront of their minds Right now or when they're trading live, I know you don't think that But we do have to kind of phrase it that way to realize that we have to be on as much on the other side of that spectrum as possible We got to be more conservative than greedy But we got to try and hit more base hits and singles and doubles compared to home runs at first The more, you know singles and doubles that we hit I'm doing baseball reference guys got to realize after last week with you know, Giants football We lost 42 nothing at home Jets last night don't even want to mention it even though they won I got to do baseball references right now the more base hits that we get Then it's gonna allow us to feel confident to say all right. Well, I'm doing this enough How could I hit the home run? So that's how we look to train our students ultimately, but even as such Getting in from $1.11 and out at 122. That's not even a single. I'd say that's like a double maybe even a trip That's a decent trade But then obviously from there once it breaks back over that 121 level here that we you know called out, you know said historical level roughly 121 Well, if it breaks above that then when a stock breaks above resistance and runs off it a bit What you see on the chart is what we always talk about Resistance becomes support and then from there it moved up a little bit more right went up a little bit further Then from there pulled back So it just goes to show this has been a really good morning all together Not just from the regular hours the market open but from earlier in pre-market, you know You follow us inside her chat room. You look at the iceberg orders look at level three level four The opportunity has been there really this whole past week Really this whole past week and I'm not just talking for myself here the last Wednesday I think I got my s-kick. I'm saying just out there in general There is plenty of opportunity that Fausto's calling out that rich is calling out that obviously that I've been calling out And you know if it's not one stock that you're in don't beat yourself up too much It's just a matter of saying okay. Is there room to get in on this trade? No, okay. Is there another stock I can get in on right now. Oh look at this stock right here Okay, are there any big levels here for this stock? No, all right, probably best to move on actually really quick just go over this On my coaching court earlier with my student. You know, and you know, it was a great question at the time So I want to go over it five Psychological level easy to say not just any regular whole number price But a pretty damn big level of work off of there. Well over time. Let's show you what happens on the we works Nice little move up right actually looks like a nice simple chart when you put the heat map on it Yeah, this doesn't really look too tempting doesn't really look too easy to read So when you look at this move up and up and up and up and you missed out on a good chunk of it You might ask okay. Is there more room on this trade when you look at how ugly this is Well, I'll tell you what I said it to you hood on our call And I'll say to all of us here if this were to run up like at this time if this like blasted over five and ran up Right away up to six I Wouldn't have been really that affected that would have been honestly very emotionless by it I say that because the damn thing was very tough to read it has no big levels at all as far as book map goes So hey stocks go up and down without us all the time, you know, we got to get over it So hey if this pops up without me and there's zero easy to see levels That's all right. Let's just see what else is out there, right? So that does happen every now and then but you know otherwise, you know, hey, there's always another one Right, so I'm gonna go through some emails here go through some other questions in just a moment But even as such like right now like hey, we works trying to move up again Anything else moving live right now? AMC trying to go back up a small bit up that stock has been on our radar a bit of late So there could always be more out there for us to get our hands on there. We go AMC Actually looking very liquid right now on the order book, which I'm a big fan of so for right now It's actually making a strong pop big iceberg on the bid That's as much as I'll go into AMC right now. We do have questions that were sent in earlier from students I do want to take the time to go over the point being there's always another trade out there that We can get our hands on so, you know, don't get stuck hoping and holding if anything All right, so really quick folks here. I want to go through a couple of different emails that came in So I want to ask our students this for this question a question came in from one of our new members Eric and Was asking hey Josh I was wondering if you knew how to run a pre-market scan for the stocks We are looking for in thinkors swim when I set up my search with the parameters I'm looking for it doesn't perform the search. It appears to be a data issue Is it too early for thinkors swim to run these scans? So for any of our students inside our trading room if you're very familiar experienced with You know the thinkors swim scans the gainers and losers lists or any custom built scans that you can make yourself You know, please let us know right now if you can help out our student Eric here if you can So I'm actually going to copy and paste this one inside our chat board because I I normally don't do that But you know, it's actually something that I know a lot of our students could help me out on right now Because they have thinkors swim. I Do not use thinkors swim. It's a great platform I advocate for anyone to use it now with with level four data integrated with it book map I highly advocate for any of our members to use it if they have it So just sent that there in the main chat for any of our students right now If they want to help Eric out with that question there Alright, so we keep it going so from Ryan and perhaps I'd answer this just because he may have chatted me just as we were going live here So I'll still go through it though, Ryan Can you review the historical levels on the ticker of CGC and why you set a top price? So the 194 we we got but let's definitely go back on CGC and I'll go over the remaining levels all right, so We know that green is known as buying right we take green at face value is buying So we ended up having closing bell print from yesterday right here at 169 I Was expecting for that to be support here at this point ended up crashing right under it and dropped So support should become resistance on the way back up if it moves back up there later on I Right now the way it looks I doubt it will 151 was the opening bell print from today. That was a damn big print 1.5 million shares 140 140 is also green. That is also what will nickname as a big buying level right we have to if it's green Well, why was that plotted? Why was that a level? I got a lot of dots here, too, right? So I'm trying to do something here There we go So I just filtered out the dots a little bit there Ryan you could see at 140 about 667,000 share print that got filled and then I mean it shows more evident on the Delta side here I had this all stretched out. It's my like real detailed version of it But got a lot of green a lot of buying a lot of green there at 140 from basically This is the CVP Delta column stretched out. So 140 was a big level there Let me just mess around here one second make this easier for us. There we go back to the dots here All right, so that's 140 there Ryan and then finally 130 I had as a regular CVP level It's not a drastic spike not a drastic one, but it sticks out a little bit Basically, it's to say every 10 cents so to say is likely to be some level But otherwise there's a lot of significance towards 140 as that was a big buying level from yesterday 151 is this morning's opening bell print I'll just make that yellow to kind of show the the difference there for right now and then 169 was the closing bell print from yesterday. So This is just all from yesterday though, you know throughout the morning the early afternoon from pent up Consolidation 140 was a big volume level big buying level at that. So that truly is where you would want resistance to get flipped into support This might sound easy to say folks just kind of looking at it after the fact, but hey, I didn't take this trade I didn't jump in here at the crack of dawn. I'm half asleep, but I'm half a week And I I go through it a little insomnia hours early in the morning like two thirty three o'clock in the morning By somehow wake up a little bit later at four o'clock. I checked my phone I'm like, all right, what are my positions at where we know where these stocks at I go back to sleep. I Woke up. I waited till four o'clock I saw a CGC drop and I said to myself. Ooh, okay. Well, it's right at that 140 line there I wonder if we're gonna see resistance become support. Obviously it bounced off of there I didn't take the trade was half asleep. It was in my bed, but it goes to show Well, it clearly was a strong level because look at the reaction after moved up 23 cents after off the level It went down there here after the open and slingshot it then once now here It's trying to now officially lay over it as support So if this is truly meant to be and if this is truly meant to become a big support I mean, hey, if it bounces off of this level sooner than later, that's good But you actually want this to build up as support right now coming up Because it really didn't build too much as a support couple of tests and pokes But that was all like this was really the first like time it laid over it to like test it as that support and You know laid above it for like five minutes, but then collapsed All right, the more it lays over here is actually a good sign You know if it ends up flying off of this sooner than later then that's even better That's the cherry on top. I guess but I wouldn't necessarily expect that here. I would more expect Resistance to become support All right, so for Eric would ask that about thinkorswim. I know he's in the chat right now responding So he's getting a lot of love from our students right now Kathleen Sidney Ryan John all helping you hood as well I appreciate you folks all helping my student Eric out right now in the chat a Lot of conversation about that in the main chat board. So I'll keep that going right So I appreciate all of us helping out Hey, if you want to join us inside our trade trading room all of a sudden social media scan that QR code We are a team. We are a community and a family together. So I knew that we would come in handy right there all of our students So thank you very much All right, so I talked about the CGC to a great extent right Ryan next question actually from the email actually is to going back Can you explain please explain what a Fausto flag is? Using the Gernstock as an example as mentioned by Fausto this morning So a Fausto flag is a well It's a chart pattern in this case We were referring to a bullish Fausto flag where we were looking for a breakout higher Imminently now here before the failure of it actually this is what it had looked like we saw this pop-up at the time and Resistance was holding at 265. It was very clean top So a Fausto flag we have a lot more time to go over this in phase one of our stock course But you know, we have a set we have higher lows ascending lows there and then the Highs remain the same it creates an ascending triangle aka Fausto flag as a sloppy draw on top there we go and Normally you expect to see the bull squeeze out the the buyer squeeze out the sellers the bull squeeze out the bears And it leads to a nice pot Now it's actually a great example to go over a Fausto flag I don't like spitting out statistics too often because often times this works out But I don't like giving a fixated number. You could actually go on a Gentleman's website the chart pattern trader calm I think Thomas Bulkowski a very well known chart pattern trader. I mentioned this in sporadic classes Let's just say between 70 to 75 percent success rate with an ascending triangle a Fausto flag Right now 70 to 75 percent folks. That's like three quarters. Is that a lot? Is that a lot? Three quarters at the time it works 74% is that a lot not throwing anyone off here at the way. I'm asking the question Oh, I got to do better all of us saying yes, and rightfully so it should be a lot. That's a lot I mean hey if your win-loss percentage is barely over 50 But if you're really good at cutting your losses and letting some winners run I bet you're profitable. I bet you're making money and that's at just over 50 percent. How about three quarters? How about 75 percent that's awesome Can I ask you folks? Is that a hundred? Is that a hundred percent three quarters? Let's say if you jump in this trade right here it breaks resistance you jump in Should you be kicking your feet up? Oh, we did it hundred percent. This is gonna go right now, right? No Now the thing with this that makes this extra dangerous is that it's done in pre-market Done in pre-market here where you can't set stops and especially for something that might be on a thinner more spaced out order book There is higher risk with any pre-market trade But on a false breakout and it fails to make that proverbial big move shortly after It's gonna make a big move shortly after folks I guarantee you just not in the direction you're looking for so easy to say but a big pop and drop now What's also easy to say here is that well, you know, hey it failed here at this time, right? It made a nasty shake down Well, we clearly know this is a strong level because it was holding it for a number of minutes in a row It's a clean flag made the right call out. That's a bullish Fausto flag folks When it breaks over this level, let me ask you here, we know that it broke under it and dropped, right? but Where it broke over? 265 and it was moving up and up and up and up and up above 265 at that very time What color was coming up on time and sales there? Ryan says green. I'd say correct and we nicknamed green as By So what happens if this continues to break over 265 over time what happens if this keeps nipping at 265 It keeps trying and trying it leads to the potential of this running higher and making that big pop You wanted the first time so this wasn't as great of a run-up actually at the time It was like chopping around a bit held above it got the job done. Don't get me wrong You get a little close towards 9 30 so thankfully by the time it really broke out and continued I feel like that's enough to take the money and run if you were in from that 265 level You know what I mean? Like that's the big level to begin with right? Hey, it failed Ugly shake if you took a 15 cent loss here 10 cent loss here. It is unfortunate Right, especially if it's on a thin book and you really didn't have much of an ability to get out where you wanted to Like if you had to take a bigger loss sucks. It really does like it's not a good feel. I can't sugarcoat it But what happens if the if the sucker keeps just testing that resistance keeps going and pressing up against it It's giving you that opportunity so really good example to go over actually because Not everything is sunshine and rainbows as much as we would want that pop to take place right away big pop and run And as much as it does happen Well, hey, there is another opportunity on this Gern trade just took a little while for it to happen afterwards But it did get the move did get the job done there All right, so bear with me folks really quickly here Just want to keep going through my email inbox keep sifting through right now for all of a sudden social media Facebook live LinkedIn Twitter YouTube the work say let me know as well if you have any other questions that you'd want to Go through before we finish up here got about 10 minutes to go I did want to take some time to go over the Tesla trade the Tesla trade All right, so just checking the chat board right now. We are good. It looks like it's fun Let's go back right now actually before we go to Tesla Let's kind of cycle through those trades that we were just looking at here. So Hey CGC is inching off that 140 level So, you know, you wanted it to hold up above it as support at minimum This little move up is actually a little bit better than I would have expected at this current time So it's healthy. It's good What else did we have the ION Q? Hey, look at this, you know, it actually dipped off a little lower first But then it broke back over these levels which could have generated a good entry right here And now we're back to my 1968 price and hey, let's see that be support There could be plenty of action left on this trade folks. I'm telling you so we'll keep our eyes out there AI this one as well from the morning session was a great This one actually really quick before Tesla allowed me to do this. I got to do this Give myself some flowers here. So AI Folks, I have no life. It I don't know, you know, I don't have a lot going on It's easy for me to remember this stuff. So that's where I could tell you AI I remember from the beginning of this damn year We were calling out a bunch of prices up and down left and right. You're calling out a bunch of stuff. I Just remember this as if it's in the back of my head like back of my hand 2588 I had this number in the back of my head shouting it out for a long time now Now AI came out with earnings last week. It was wasn't on Wednesday after we finished up traders talk last week so Gapped down not a good earnings headline, right? With that in mind though, just like we always talk about once the stock breaks above Resistance and runs off of it in the event where it pulls back to that price We'd like to think initially the first test is the best test so Back last week 2588 it went under it went over it has been a machine since and even earlier today Dropped off quite a bit, but now it's back up towards big level from this morning at 29 bucks and Actually a little chart level here more than anything at 2890. You'd want to see this get reclaimed as support For my AI trade right now. It was a day trade. I'm talking about from a swing trade perspective I have the October 20th calls on AI October 6 or 20th 20th and at 209 my average price on that so All right, so let's go to Tesla right now and we'll finish up by wrapping up all these other stocks So I took the time to plot Tesla for this morning All these lines are levels for this morning's trading. I did not trade Tesla today There's a lot of stocks out there folks a lot of irons in the fire a lot of pizzas in the oven Whatever that catchphrase is Hey, I could have traded Tesla. I chose not to there are other stocks out there So as far as how my levels ended up playing out. Well, let's just kind of take a look It's easy to kind of recap that briefly here. So, you know, basically 270 $10 incremental level here broke under it. I would have expected resistance here a lot better So it snapped above it rather fast. I remember at the time once this popped up right at that point It definitely caught me off guard. I saw it begin to slingshot up and I was even saying like wow That's that's pretty damn impressive. I I wasn't necessarily expecting that to be our squeeze there So from that point over time, well, hey, if it keeps pressing up against resistance the next set of levels here Basically, we'll call this green to be a big buying level roughly at 272 So the more times it nips and laws at it, I would expect for that resistance to get broken Well resistance should get flipped into support so over time Well, even this one at first became support it crashed under it though support became resistance after Went down to this next level to be supported tried But you know with how strong it broke under it here initially over time The sellers continued to win the battle here short term and then this continued to drop off All right, well now we're at our previous big buying level right here the green So this really should be our big support though otherwise for this to be so much big buying Resistance what broke over it. So if anything this really should be our big support This would have been a very viable entry right here. This would have been a sweet entry to take and Hey, you know, you might not say that given the quick aftermath, you know bounced off of it But then tanked Every trade begins with the entry, you know, my IONQ entry right here was an A plus entry just the wrong time This Tesla entry right here if someone took this entry it's an A plus entry But it's not breaking out of this downtrend yet off the highs. It's still having a really tough time So if it doesn't make that pop and go then it's more prone to see support get tested again And that's where you know break even trades happen I don't care about missing a Little profit in the grand scheme of things compared to Or and then eventually taking a break even trade Compared to taking that loss, you know compared to coming back to it and being here. It's like, oh shit I should have set my stop but You know what? Hey if we're expecting such a big move shortly after probably should be making a better move than just this little thing, right? That's all so you know over time it continued to drop it bounced off 270 finally And you know, this could still be a point in time where we're gonna see support build this last shake here isn't too Pretty I'll say that much but over time if this could rebuild over 272 support. I'd consider it IONQ still holding over 1970 right now 1968 that prices Spy hasn't dropped off too much off these last set of highs So, you know if this trend continues them are in good shape, right? The Tesla trade so to go back on that actually so we just went over this briefly my levels that I plotted for this morning But yesterday was obviously the better move, right? So I'm gonna actually do this more on book map because I have other levels. I plotted that I don't want to make it too confusing so Just go back on yesterday's book map here for Tesla and You know, hey, this could be easy to say in hindsight but If you're reading the chat yesterday live these levels were here, so Let me ask you this is after 8 o'clock. This is pre-market after 8 o'clock. It already started to pop up pretty nicely at first looking at the CVP column and the Delta column Where do we have big buying? Where do we specifically have big buying green? Or do you have green? 264 says Ryan. Yeah, it's the most obvious one there, right cuz CVP sticks out big time then this definitely sticks out here, right? You could say a little under that here, too. What is this like? 263 42 cents Okay, what's this up top? What's that? That's like 264 and 30 cents right 264 30 Alright, so this morning all throughout pre-market like before 8 o'clock even hit I was specifically calling this out because if this wants to make a big move up again We got to see this break above big buying so 264 is that level it really is But clearly it had a tough time with this area here So let's respect this here a little bit and it built up as a top and then it here as well So I was calling out 264 30 or maybe it was 264 25 just that area I was looking for that to build out as a big buying level for the morning yesterday Well market opened up 930 ding ding ding Well looks like right away when the market opens up this all of a sudden takes Kind of the cake, you know, it takes the full spotlight and focus So this is the opening bell print from yesterday Monday morning. So not just any given day It's the weekly open price That's at 264 and 34 cents. That's I mean nearly a million shares will loosely say and you know Clearly that is going to take the cake as our big level to work off of 264 and 34 cents So, you know what let me go back on this if I can Basically where you see these two lines That was where the opening print was So by the time this started to perk back above that price again heading into like the 950 time slot here going into 10 Well, the more times it's pressing up against it and we already saw a lot of big buying in pre-market I'd like to think that we should get a pretty big move shortly after no Now hey Tesla's pretty expensive. We're not gonna a lot of us are not trading Tesla the equity You know, you could you could have a couple of alternatives though So for any of my students that trade options easy to say And I said that because looking at the move afterwards Yeah, it is easy to say this thing ended up making a pretty strong run up higher over time But you could trade the premium on this you could trade the calls on this by the time it ends up breaking Above that price again at first here and then later on really when it begins to form higher lows keeps giving you that shot If we're expecting a big move shortly after it's okay to Be there at the right place the wrong time and for you to get stopped out break even where oh, maybe I could have made a little bit Oh, I could have taken a little we're not here to take a little We don't want to get greedy, but we're not here to take a little we're not here to make just like 10 cents on a $265 stock You know what I mean, so yeah, I don't mind going break even or a washout trade It wastes a little profit I could have taken there We go through the same motions each and every week because well We see the same patterns repeat each and every week So, you know hey Do you want to be on the right side of this not to say in terms of win or lose? But do you want to be do you want to follow that sentiment and you know? Hey, if we're expecting a big move shortly after then let's at least trust our level It breaks under the level then all right, you know, obviously we're gonna have to get out But if it breaks above the level, let's make sure it maintains above it But by the time this starts to go up again Well, that's clearly where you're starting to see that you're in the right now And so long as this now hold over this is a higher low play the higher low game Then that's where you look to have your run So it's easy to correlate buying the options on Tesla So long as you have the right stock level that to 64 and change Well, hey, it showed us support here at first so that definitely validates the strength and validity of the level Broke under it here. Okay support should become Okay that checks out well the more times it presses it we should get that big move and You know I harp on this because obviously Tesla news came out yesterday and everyone does follow Tesla to some variation So if you're not trading the equity obviously you could trade the option If you're not trading the option you could trade the ETF The Tesla ETF TSLL Tesla ETF we call this one out honestly or we call Tesla out because you could trade the ETF So by the time this rebroke over that price the equity at least Ryan, you know, we were talking about this live at the time I got filled at 1703 on the ETF. That was my entry and I ended up getting out I think it was by the time Tesla. I don't have the exit price on me offhand. It's in the chat, but Tesla losing track my tickers here so many damn stocks By the time it ended up hitting 270 yesterday Tesla That's where I got out on the majority of the TSLL and yeah, I kept going up higher a little bit more but listen when you're in from here and You know, it's a storm and up towards the next major iceberg resistance That's enough meat off the bone. I'm content. You know what I mean? So I may have left even a small portion on the table and ran up a little bit But still this ran up a lot more after even after I got out It just goes to show there were a bunch of trades out there throughout yesterday and today Goes to show if you know where the right levels are. There's gonna be plenty of opportunity out there All right, folks, we're gonna finish up traders talk right now Let me know if there's any last questions that you'd want me to go over I'll have the chance to do that via private chat coming up I'll tell you what I don't want to keep talking because the more I talk the more I miss out on this This is actually starting to move off my level now at this point this 1968 So I'm gonna jump on to a few calls coming up with a few of our students even coaching calls on top How about this one of our gold students joining us on YouTube today Roberto could see you here I just saw your chat right now my friend my apologies saying just to let you know thinkorswim does not permit book mat for international accounts I did not actually If I knew that it didn't come to the forefront of my mind So I'll count that as new information for myself for bird. Oh, thank you for bringing that up there actually asking how could I be able to use the level three in Interactive brokers and or thinkorswim so Roberto that's something I know that you're a student of CTU joining us on social stream right now So insider chat room you definitely know just private chat me I'm gonna be on a few calls coming up But it's very easy for me to type back to you inside our chat room So please like honestly private chat me and I'll be able to go over that with you in our trading room Probably before the 230 meeting comes up. All right Go over interactive brokers go over the book trader that they have there It's honestly the same exact way that you would use the trade station matrix right here on the far right for interactive brokers Now there is more to it than just that that's really the majority of the answer But to go into the more nitty gritty to go more into the deeper fun or details of that Definitely private chat me in our room and then we'll catch up. All right, Roberto All right, folks, we're gonna call it for right now I didn't get my new jugs of water my new water delivery, but got water here So good to go on that but I'm gonna jump on to a few calls coming up So hey for all of a sudden social join us inside our trading room just to catch the full rendition of this workshop alongside the full Trading room on top all of our students and instructors together But hey, I'll be back on the mic at 230 Eastern just for the afternoon meeting folks talk to you then