 All right, folks welcome on back here for another fantastic edition of our traders talk workshop here this Tuesday August 29th And hey end of the summer pretty much here great to see all of our students and members alike here Bon giorno to Andrea good to see Chuck Abdul later Brent Sam Lawrence Kevin Ira Wayne John Roberto Brian and all of our students Members alike inside our live trading room great to have you there great to have all this back Perhaps on social media Facebook live LinkedIn Twitter YouTube the works folks if you wanted to join us inside our live trading room Just scan that QR code on the top left. We've had a great time thus far this morning as you could see right now Obviously Mara is still pushing up up 22 plus percent. I honestly didn't even realize how much up percentage wise Mara was you know at this point right now We've been calling out the move since the initial pop. There's some news that came out We'll cover it all here in just a moment now really quick little housekeeping note though for any of our new members joining us inside Our live trading room or if you're joining us on social for the first time welcome on a board My name is Josh Levitan. I'm found to a senior instructor here at Cybert trading University Doing traders talk every single week since 2014 So any questions that you have for me feel free to send over right through my email address Josh at c2 trading comm You know it for all of our students here like Ira and John and then all of us here Otherwise you could private chat me instant message me inside our live trading room I just posted my my email there though for all our new members Ira asking. Have you looked at Hive yet? Hive I'll tell you Ira when there's honestly one stock moving just like this There isn't much of a need to focus on every other little one out there. Hive is a Bitcoin mining stock We'll talk about it perhaps in just a moment But really since the whole morning myself and rich and certainly Fausto with you and our students in class in the phase 3 Stock course that Fausto finished up earlier today, you know, I know that he was all about Mara We were talking all about Mara not just since this morning Obviously for a long time now and really let's just rewind for a couple of weeks here pretty much back from August 10th We were calling out a swing trade possibility on Mara But for it to drop really far down all the way down as low as this could be easy to say here But right around 1050 to 1070 we were adamantly adamantly adamantly adamantly calling out a swing trade So I had asked earlier, right? Hey for all of us here that were joining us Who here over the last week took a swing trade on Mara with myself and Fausto I gotta tell you a special shout out. I have a pair of Michaels here at Michael and Mike. I got Robert I got Anthony And that's that's all I got not a whole lot of us in on the swing trade here Fausto is really head over heels with it even like back I think like from this candle here when it was I think it was from this candle here from this one here When I was beginning to break a little bit lower Let's go over everything with Mara because we weren't necessarily expecting news to come out mid-morning and for this giant pop to happen But transparently enough Every trade that you take a day trade or a swing trade it begins with the entry point begins with getting into the trade, right? Well, we're not like getting into a swing trade in hopes of news coming out in the future If that's your strategy close your account. I don't mean to sound blunt, but It's a more it's a lot more of just news. It's a lot more than just news or fundamentals Charting obviously is a huge aspect to it, right? Just good old simple charting Of course, if you have your indicators, you could toss that in there swing trades But our whole MO here at Cybertron University is to follow the big money So again, just to reiterate from last week, I mean from the last two weeks. I've been screaming this out We had a stack of iceberg orders. We're talking about like 20 30,000 shares of pop Bear with me for a split second. I'd love to see if I could show this right now live It'd be really tough for me to do this year actually really briefly. So just bear with me for a split moment Actually, hell, it's not that hard at all. Give me a quick second All right, who here remembers this? This is actually back from August 16th, but we actually have even further back I think back in August 10th. We saw an enormous stack of iceberg orders roughly every 10 pennies apart from each other 40,000 shares 39,000 shares 54 all the way down. This is back from August 10 folks From 15 all the way down to where to where? To 1050 I Don't know that sounds a little it seems a little fishy to me You know, it's not really often at all or really ever have we seen this type of stacking on the order book for any stock Let alone Mara. So, you know, I actually recall the story back last year in the Bitcoin bull market where actually on a crypto exchange Bitfinex there are these massive bids and asks and they were kind of Controlling the price of Bitcoin back then. I never saw that price action to that degree Until a couple weeks ago with Mara and really we've been harping on this for a long time now Actually back in the 16th as you could see here More orders popped up even lower than 1050 all the way down as low as 950 But I was telling all of us here that we had strong levels at 1050 based off of historical charting I think that's a yearly open as well back from a few years back right around 1045 I was kind of harping on that to be a big bit of a level 1044 to 1050 It lines up with the first stack of icebergs that we had this looks like a mess of a chart here So bear with me for a brief moment There we go Got a bunch of crap here otherwise, but basically between 1044 to 1050 We were calling that out as the initial bounce level for Mara as a swing trade as a swing trade folks So, you know, I'd said over time it's going to take a bit to build, you know When the ETFs get approved that's going to really change the narrative on crypto and all that stuff Well, the ETFs did not get approved today. It didn't get approved today There was actually only just a lawsuit won by grayscale one of the companies behind one of the ETFs Well, no name within the crypto industry But there was some lawsuit that was filed by the sec And I don't remember the timeline on it, but it looks like just earlier today There was news that came out that grayscale won this lawsuit So I think that their ETF is now going to be like up for review again That does not mean it's approved and no other ETFs got approved yet Well, does that mean that this is going to dump back down? I don't really think so because we were calling out 1045 to 1050 as a swing trade It would be massively discouraging if this fell all the way back down and broke even lower So I think as a swing trade if you didn't get in from 1045 1050 There is still time but don't jump in now. Don't just jump in to jump in now This is going to pull back to a degree You know, basically for as much as it broke out off of like 1150 You could say it held it as support and ran up higher Wouldn't shock me if that becomes support on a pullback in the coming weeks perhaps if not by by this week Hey, if it pops up much more from this point and bitcoin continues, then I'll be happy Hey, I call that the level off of 1045 to 1050 for yet So it's really just a matter of hoping to see higher lows if you're not in already And hey, if you're uh, if you're mike michael anthony or robert that joined me on the swing trade already, then you're sitting pretty nice Um, now hey once we saw a matter of pop though If you weren't in on it as a swing trade, perhaps you were chuck or brian and perhaps you got in as a day trade Right. I saw chuck make like a dollar on his. I'm sorry. I'm sorry. Pardon me I see brian got out on half of his position with a dollar chuck doing pretty damn well himself got like 75 cents Well, how could you jump in on this stock after the breakout? Because again, we can't stress enough like when fausto was teaching class and I was doing the trading room We were not expecting the news to come out You know, obviously mara had a small little trend to begin the morning much like You know pretty much everything the whole market ran up pretty early today. Um, I was more intent to Trade amd advanced micro device So I wasn't as giddy to trade mara at first before this pop Well, once that news came out it leads you to ask, okay Well, you know, is it gonna just make a pop and drop or is there a lot more left to it? So this could be easy to say coming up folks, but in terms of level prep Well for the mara trade here, I felt a pretty important price to watch was off of 11 28 That was a weekly close price then from there 11 50 So once it made such a big pop the question is do we see higher lows? Do we see it from 11 28 on a pullback? Or easy to say do we see it from the next level ahead at 11 50? So let's just at least show book map and show you what the heat map showed at this point Or the other columns that we had otherwise and kind of go through it all Bear with me for a split second here. Just kind of simplifying like heat map page making it a little bit easier for us to see All right, so this is actually like what book map looked like right before the news came out right before the news popped So at first normally you'd focus on a 50 cent level like 11 50 as a key level to watch There's only about 7 000 shares sitting on the offer there though So that doesn't show a big level just yet a big resistance just yet If anything it seems like 11 36 or so 11 40 ish just you know a couple of larger sell orders out there All right. Well as soon as this broke out and it popped up at first Obviously those levels got filled at 11 36 and 11 40 But the question is are there other levels that that build out over time? Easy to say we know that 11 50 became that support level to where it pulled back and it held over 11 50 But was it because of an iceberg order? Was there a big iceberg that popped up on the bid side? Was it from the cvp column? This is the delta column here actually just misnamed so over time it begins to make a move up over 11 50 It pulls back Okay, so what happens here? It doesn't seem like there's an iceberg that shows up because you would see a dark red or dark orange line pop up Here on the bid so hey for right now. It's holding generally higher lows Is there something that could stick out here? Or here that leads to a possible level Well, the first thing to me is like actually right over here. It seems like there's a good chunk of prospective buying I'll call it potential buying off of right around 11 65 ish 11 66 ish This is the delta column. So let me just actually retitle that for you. Just so you are aware There we go So here this shows the difference between the buying and the selling so hey There is some good buying at 11 65 11 66. So the question one might ask is Hey, if there's enough room to see this we's higher wouldn't we want to see this break back over 11 65 here? That's the question. What if there's more buying off of 11 65? So it pulls back, right? I think it dropped down as low as here 11 52 It's trying to go here we go so Basically what we covered in the phase 2 course yesterday and then at the end of last week Is simply that not just for a runner like this But simply in terms of a re break and seeing potential continuation on a move Whether it's a fast pop like this or more of an extended play throughout the morning You want to see a stock retest a big level in a shorter concentration Not uh, you don't want to have level tests far and apart from each other You want to see level tests that are you know very much within each other there so over time It pulled back Okay, well it only took a couple minutes mind you but it started to chip away at it here Well, the more times it starts to reach chip away at it in a shorter concentration I do begin to feel more bullish so easy to say it moved up higher after But the question is really from what price could you have jumped in from? Okay, again We know when we pull back the trade state or the book map here and show the trade station chart Well broke out right away and it actually did hold over 1150 You know you might sit there and think well, hey if I placed an order on the bid And it somehow gets filled at 1152. Oh, that would have been the best entry I can't stress this enough if that is how you focus on trades And solely kind of focus on shoulda coulda woulda in terms of oh, I could have gotten in from the very bottom You're not going to make it as it has a successful trader. I hate to break it to you You have to focus on the logistics the actual levels in which the stock was trading off of If there was an iceberg at 1150 and if it went under and over Well, that would actually qualify as a great acceptable entry based off going with momentum If you placed an order on the bid hoping for it to get filled and it did There is high risk of this slicing right back under 1150 I can't stress enough. That was not really a key level at first off the initial breakout Didn't really have a big red line there, right? So there isn't a whole lot of strength behind 1150 at first It's really more of a matter of seeing a break over 1165 1166 and then looking to make that better pop So easy to say but on the re break the more times it re broke that level in a shorter concentration It led to that big move shortly after that proverbial big move Um, hey, let me ask us here for chuck brine or actually others here Let's say if you're glenn or ira or mark or margaret or steve or wendy or jahuda Any one of us perhaps joining us on the sidelines right now We know mara moved up to 13 and change. We know it did but by the time it moves off of 1166 In your opinion in your opinion, what what quantifies it as big? What's a big move to you? I want to hear it What's a big move to you if you were to jump in off of 1165 1166 and if i'm looking for a big move shortly after What are you looking for how much how much do you call big? brine says five to seven percent Hey, I like that answer for brine because we actually don't discuss percentages really, right? Um, I don't like giving a percentage as much. It's just never really how I rolled and foused or certainly as well You'll never really hear him talk about that But it's a different perspective. It doesn't mean it's wrong. So in brine's sake if he's looking for Big enough Then hey the more often that he sees that and realizes that off of a level break Then he'll feel more confident to get that right Sam says at least 40 cents jith basically agreeing 40 to 50 cents there pretty much Wayne says it's trading at 50 cent moves. So looking more for 25. So let me ask you in what What um What leads you to say it's trading 50 cent moves? What leads you to say it's trading 50 cent moves there? I'm just asking no no no wrong on this. I'm just solely asking Grant says 200 or 12 is huge. Well, yeah Oh as far as seeing a whole number levels your whole number dollar levels are typically going to be larger anyway But hey by the time this broke out and popped I would have thought 1150 was going to be big too Clearly it wasn't from book map though Now it popped off news That doesn't lead me to right away say it's going to be trading, you know 50 cent or dollar levels Or you're any certain increment, but off of such a big pop I do want to say if we get continuation Well, let's strive for a move similar, you know, let's say around that 40 to 50 cents And that's very shoot from the hip as far as like a number of cents that you want to strive for It could be a little less and I'd call that a big move It could be a little bit more and I'd call that a big move, right Wayne says just looking at the levels trading at usual 50 cent levels and dollars Well, if we happen to see a stock make a really strong pop, let's say in pre-market Then I'll be more inclined to say like dollar levels or mainly just the the round numbers So certainly now that matter has popped up as much as it did Now I think it's a lot easier for me to say it's best to be trading off the dollar levels, you know for right now Um, but hey in terms of just big move I'd like to see something roughly around that 40 cents 50 cents heck Maybe more depending on the timing of the day and depending on how much it's already popped Again, easy to say we know it moved all the way up to a high of 13 30, but You know, hey if this ends up holding over 11 66 It's 10 30 in the morning So there is a little concern with it being around that reversal hour if it pulls back It might just you know fill the gap and drop back down here. So Ultimately you need to see this hold it is Mandatory that this holds in order for us to realize a potential big move But in the sense of what's our next big level? I would assume the next big level would be 12. Let's just double check Yep, right there. You could see about 16 17 000 shares So normally we would trust a whole number and there we go. There's our evidence So hey, if you jump in at 11 66 and you get out at 11 97 That's like 30 cents basically on a thousand shares 300 bucks. I think that's some good money Is that a big move? I think that's a fairly big move. Is it possible it can make a larger move afterwards? Well, obviously again, it did but it's a matter of saying, okay Well, if you take all of it out right there, there's no wrong in doing that It's money simply that you didn't have before this popped and before you got in on the trade, right? So we don't want to always think oh, I should have done better on this Well, hey, if you're someone who doesn't normally make 30 cents a trade Really, if you're simply making like five cents eight cents, you're going to be more inclined to take the 30 cents, right? You you rightfully should and you should feel very happy about it afterwards So once it breaks more afterwards, you might say, okay, well, what could I have done better to hold on? Well, one one thing one little food for thought is you don't need to sell your whole position in one lump sum Brian took half his trade out and then I think he scaled out the second half perhaps So if you're not paying any commission, you don't need to worry about that, right? You could take a third out you could take half out you could take all of it out mind you But you know what if you're bullish on mara and if you're thinking all right Well, it's maintaining a strong trend here off the lows It's all easy to say in hindsight, but It's maintaining a strong trend off the lows here for the most part moving up So if it breaks the trend line over time, then you'll get stopped out Hey, that's that's good strategy. Hey, what if it you know breaks under 12 over time and it fails to hold over 12 I'd say that's good strategy, right You want to take it level by level in terms of trying to hold on a little bit longer um That doesn't necessarily mean that you should hold on to the whole thing and take it level But again, if you take half out here and keep half then For the second half as long as they could hold the higher low and maintain this year's support Then you could hang on right? All right. Well, again, it broke over 12 and continued. What was our next level above 12? Was there anything significant over 12? Well, here's 12 50 There's 50 cent level 11 50 wasn't really big but 12 50 was All right, so it continues to go 12 50 There really isn't much that sticks out that stays out there on the order book It looks like a let uh, it looks like 12 70 shows up for a moment, but it disappears It goes from orange to basically like ghost white. It means that a good chunk of that order got pulled at the time All right. Well, really otherwise there isn't a whole lot above just yet So that can beg the question Obviously mare is still moving up right now live Is there a historical level? Is there a level from the long-term charts the daily the weekly the monthly that we could use As the next major level ahead You know, of course right now it's still pushing up. Let's see if there's actually any like big cvp level here from bookmap Really 13 that was pretty much it. It just re broke over here and pushing off it now. So it looks great 13 50 but that wasn't really out there a whole lot since just until here All right, so hey 13 50 could still be a level But is there anything that really stands out as a historical to work off of? Not really a whole lot looks like a couple of long wicks here back from early august 15 80 no that's all 14 15 here the low on this candle 14 11 14 22 You know, those are within reason you know close to each other. So I could say loosely around 14 15 ish 14 20 ish What's this year? 14 36 14 38 14 35 That is pretty tight to me 14 39 Yeah, so loosely speaking if we'll just very shoot from the hip say Loosely speaking I would say 14 35 is like you're really strong historical top to work off of for right now And kind of below there like 14 15 ish just beforehand like the combination of those two Could be a strong historical to work off of whether it be for later today or tomorrow Just kind of that area You know if you're in on this as a day trade you could still worry about 13 50 as as your next level ahead then 14 If you're in it as a swing then you know, I'm gonna hold on for a little bit longer I'm definitely not expecting a major pullback so long as bitcoin doesn't completely flop But over time at least I'm sure we'll see higher lows. We'll see a little dip But if you are swing trading this from a higher price, let's say jumped in from like 12 50 13 And you know, you're gonna take it as a swing Not really the best decision if 10 45 to 10 50 was the 10 70 ish that area was you know The real support that we were looking for you know to take the swing trade like You know 3 4 percent higher if not a lot more actually no way more than that like 20 percent higher Obviously looking at where it is today But it's just to say that you should be more keen to take the profit then if you chase it on the swing You should be more keen to take the profit on the swing. So that is where I would look towards that 14 15 ish 14 35 ish if you took the swing later on. All right Um jith asking is that level the vwap y 11 80? Okay, so let's just couple follow up here on on mara here really quick So the vwap is here in white Uh back in phase one last week and then the phase one stock course. We showed book map We did a whole master class little tutorial on it in the phase one course Yeah, this is the vwap here in white this white line So on a pullback today, that could be some big support. Don't get me wrong It never really tested the vwap since like 9 35 in the morning. So that would be one thought Why is 11 88 not a big level because it doesn't really I mean sticks out a little bit here, but not Extremely larger than you know a lot of these others. It's a little bit more, but it's not You know really that much larger. So, you know, it breaks higher over time. That's all and again just to stress enough 1165 was the better level. This was just the much stronger level to watch and then 12 It's a darker red line. So I'd respect that is the major resistance and again book map from the delta column We saw if it wants to continue then and we need to see a strong break over where we had some good buying off of 1165 It built up 1166 and you know, that was the next best level at least from that point All right, really quick Let's just see if there's any questions for all of us on youtube facebook etc I got richard joining us here on youtube or our facebook might I say so welcome aboard richard I'm just saying did you see the orange line near 1190? Well Maybe let me ask us though. I think this is what jith is referring to um Folks, what's the bigger level? Is it 1188 or is it 12 bucks? Tell me if our whole mo Is to follow big levels Kind of yelling that word big because folks look at this 28 000 this is a lot larger than 1188 so in the event where 12 does hold as resistance Which obviously it's hindsight 2020 to say it popped and ran higher, but Truth be told if 12 does not make that clean breakout then we're not really expecting a great move then right So we do want to take it level by level 1165 first and then you know around this area So that means hey if you took it from 1165 then you have some good room to make maybe 20 cents If not, maybe 30 cents plus if you jump in off of 1188 here Your next resistance is 12 which was already bigger than this anyway Right way bigger twice as big So if you jump in from 1188 you're not taking it from the best level I mean if you are looking to chase That is one thing But I know that most of us are not looking to chase, but I want to make sure that we take the FOMO out of us. I want to take the oh no this might run up without All right. Well, what's the bigger level? What's the best levels to enter off of? Right if there is something that is just right there and you see it's dark red Right there. I'm not as jumpy to take it from this. This is not bigger than this So if you missed it from 1165 then I'd say likely off of 12 Now again, this did actually what we would normally want it to do This part could be easy to say in hindsight, but folks If you're grant jiff sam carol mark bell Ryan john the 120 of us live right now inside our live trading room We do this every single week literally the following the following that we're about to do we do every single week For as much of a starter for as much as mara runs up and up and up and up and up and up I would like to expect the first test of resistance I'm going to clear all these lines by the way. We'll draw the historical ones up higher in a moment For such a big resistance there and mara running up and up and up and up and up and up and up I would like to think the first test of that level the very first test of that level where that iceberg gets tested and hit I would like to think it's going to hold or make a false breakout, right? So it moves up It kisses 12 here But really what i'm referring to is actually here. This is a 15 second chart. I don't trade off a 15 second chart folks I don't recommend it I'm just only showing this to kind of expand the one minute bars here a bit better But the first real break over 12 Yeah, it shook It made a false break here Now the question is What happens if it keeps retesting that level in a short concentration the more times it nips above that level We would like to think there's going to be a more conclusive more decisive reaction off of it So easy to say it moved up higher, right? I know that I realize that But what you should realize is that each and every week that we're here in trader stock We're going over the same setup Granted if this blows the doors off of 12 right away and pops up instantly Well, we might not have a chance to jump in and I realize that as i'm teaching you this right and you should realize that as well Because if you're here every week, well Hey, what we're teaching each and every week happens a lot more often than it doesn't But it doesn't mean it happens every single time So for the occasions where a stock makes a very unexpected breakout and pop where you think it's going to hold or make a false break Those are frustrating moments where the stock really rips and runs higher You know, I'm sure all of us here don't mind missing 10 pennies on a trade if you miss 50 cents a dollar Makes it a lot more aggravating, right? I understand that But if you follow what we preach here in terms of hey for as much as mara runs up and up and up and up I'd like to think the first test of that level it should hold Then the more times it nips and knows at it. We should get that run Well, it was really quickly after I understand that but It broke over 12 it pulled back it re broke over 12 When the stock breaks through a big level What are you expecting shortly after folks? big move So you want to set a tight stop if this fails to make this big move going up There is a case where it can make a shake down first But obviously it ended up holding doing its job really pretty move here across the day All right Sam says if it takes out 12 goes up pulls back below Then tests again resistance becomes support by above around 1203 or so and yeah I agree and and actually to go into that further sam everything sam said 100 correct The only thing I would say is that you don't want to wait for that to become support though We would think it will become support on a pullback But you don't need to see that become support before the entry is realized So again sam absolutely correct and you should expect 12 to become support It needs to if you're looking for this to run off that level Heck even if it Comes back down here. Well in the event where it breaks under 12 and if it takes you out here Don't just move on to the next trade mind you This could look to build back up and what if it does move back above 12 on the coming bar after or the bar after that Well, then in that case you could say okay If it breaks back over the level and I jump in from there again if I re-enter on that Well, then it's got to go then it really needs to push right So, you know for anyone that's new joining ctu or if you're on social media joining us You know, I kind of nicknamed myself a bit as captain hindsight at times because here in traders talk We go back in hindsight on a lot of these moves, but I'm not just going to sit here and tell you that oh by the bottom so the top it's Not that easy No, I shoot straight. I tell you how it is because hey at first 1150 was not a An easy level to realize it wasn't a clean attempt But 1165 was 12 was even 13 ahead. Let's see what happened here at 13 bucks Granted the more it does go up. We should expect just exhaustion over time But the first time it tested 13 false breakout Right Now in between this test and this test it is about like seven or six minutes or so So, you know, hey, if you jump in right here, I know it does go up a little bit But simply the more times it breaks over it in a shorter frame than that. I feel a bit better So probably over here if you're still looking for that squeeze You're probably going to take a break even or a small loss at first if you jump in from this area But on the next break over it Well, it doesn't make that higher. It doesn't make that big move just yet It breaks a higher high and it still chips around there a little bit You're not fully out of the woods just yet You know granted the more stock goes up you are going to see profit taking or consolidation within a range But hey over time it made a move here where you could have jumped in once it broke over And then even more once it rebroke over it later on as we were kind of in the middle of traders talk Well, it needs to hold over as support if this wants to make a continued move up higher It's got to contain it as a support It tried to do that earlier and then it failed. Well, it's got to do it here Otherwise, it's going to break a lower low over time and continue So easy to say but it actually continued from the stage pushing up a little bit more Again, 1350 you would assume to be your next big level If there's no red line or orange line, then you can't really deem it as one 14 a lot bigger than 1350 though So 14 definitely is a clear target now in mind for this trade about 45 000 shares sitting out there All right, so I'll tell you what folks I was not necessarily expecting to go over Mara prior to 1015 today So honestly a fantastic move on Mara if you ended up jumping in as a swing trade from the last week You should have You really should have because Fausto was calling it out even here and it was like kind of chopping around I thought it was going to go lower. It did but hey even from Fausto's perspective. It was at such critical support here It's only a matter of time. He thought so it was a great area Ultimately it led to a great pop off the news today But you know, I think that there's going to be more to come on the swing trade over time All right, so the Mara trade was a nice one to at least go over here Just a couple of like small trades. I do want to just jump to really quick tibc Loser Easy to say it's a loser. Why? Well, here's why What's the trend of this stock from eight o'clock going into the market open From eight o'clock eight thirty going to the right side of my chart. What's the trend of this trade? Wayne says down Sam says down then flat I don't think anyone's going to be saying up, right? I think no one here is going to be saying up Certainly, so, you know this stock has no real active uptrend throughout the majority of the pre market I mean, it's just flat or otherwise still kind of making a bit of lower highs there Uh, the tibc really quick. Let's just show you what the float looked like Throughout the morning throughout the day, you know, this stock was trading like eight and a half nine million shares Uh early in pre market early. I think that this was Less scanned at eight fifty in the morning. So at eight fifty in the morning It was already dropping at that point beginning to go flat Well, it was trading eight and a half to nine million shares at that point in the morning All right. Well at that point in the morning. I mean, that's a lot for any trade really How much volume does this stock trade normally? Well, two days ago it traded a little over half a million total Uh day before that it traded just over a million before that 1.4 million Uh back in early august 397 000 shares 571 000 This stock is trading a hell of a lot more volume than normal And i'm sure news came out that led to the pot But this stock not only trades a little volume on a day to day It's also on a microscopic float a really tiny float here 1.3 million shares So this is extremely boomer bust in pre market I was looking for a nice trade on this off the VWAP line actually I was looking for this to try and go in pre market and had a good entry, but it just did not Continue So, you know, that was earlier made such a nice pop It pulled back And here's the VWAP right here in white that white line that going across Here was when we were first kind of looking at it as support and then over time Hey, if it fails to break a lower low if it fails to drop lower Well, it leaves you to ask well Shouldn't it and then otherwise well, what if it doesn't so right here is actually where we were more aggressive with looking for that bounce And it still took a while it got us like 20 cents if anything 15 cents that is not really I mean, it's it's money. It's money that I didn't have before I took that trade but Compared to the pop it made here. It's not as satisfying. That's for damn sure So Hey at that point there if it's not going to make that big move Maybe at 930 it does but god forbid if it doesn't make the big move after 930 This is going to completely drop off. So Of course, it broke down and and here we are today. It's like filling the gap still a 309 307 I mean, this is a prototypical pop and drop type of stock, you know, look at the daily chart here Just history often repeats itself, right? GSAT was a really simple trade. Uh, this was very easy. I got to say This was on our morning watch list, right? It was on the nine o'clock list right here You know, hey going into the 930 move. This was really flat It was trending up at least at this point, but then it fell flat So, you know, if you weren't as attracted by this stock going into the open because of this I don't blame you, uh, but obviously it was on our main list Let's start and stick with our list to begin So at first it ended up dropping off wasn't a great trade What ended up making a small pop later on, right? And it was like right here We started to see this begin to make a nice pop Well, I was saying well, hey, if anything right now at this point, we need to see this Get flipped into support because clearly that was a pretty big resistance line It was holding really well under that throughout pre market So after it broke out and popped I had missed this I missed out on this pop So I'm thinking all right. Well, it might run without me And if it does then I might just go to another stock and just move on I don't need to jump into this, but What if it pulls back? Well, I'd like to think resistance should become support. No So at that point we ended up seeing it come down and move down towards like that 135 134 area So I think from earlier a couple of us. I thought Kathleen and I thought brad earlier both ended up jumping on this with me I think read it like 1027 I was asking who had jumped in on that. So, you know, if anyone took this trade This was just very straightforward because it's slow moving It's level one prototypical stock. It's not crazy fast like mara is so, you know If you if you think mara is moving up too much and you're chasing it Understandable, I mean, I think mara popped even after this occurred, but you know, it's just comparing the two, right? So this has a great spread great volume on the book It popped at the time but before this pop even it wasn't the fastest stock out there. It was relatively contained So it was level one and at that Hey, when a stock breaks above resistance and it begins to move off of it at first We would think that resistance becomes support So actually sam to go back to sam's great comment earlier on Um, the mara trade right resistance into support Well, hey when I turned over to gsat, I already missed this So I would need to see this come down and I would need to see this at least come down under and over or kiss it at best Well ended up going under and over jumped in at 135. It was good for like eight cents for me nine cents I wanted more but at that point it was testing the pre-market highs If it wasn't going to continue to hold higher lows go up You know just best to take the money and run I mean, it's not the best trade in terms of percentage But it was clean and it was money that we didn't have to begin the the trade. So That is always what I'm most focused on, you know What gives me the best chance to make money if there's a stock Popping and it's moving too fast and if there aren't any big levels to focus on like at all Then I'm going to let it run without me the hell of it. You know what I mean? Like other people can can try and make money on it if they do I'm happy but I care about what fits best for josh. What fits what's fit what fits best for me as a trader Even earlier amd I've been a lot more focused on amd of late just trading the options of it alongside navidia right alongside navidia Well seem to be said here. I mean hey for amd if this was looking for a continued move up higher Well, was there a big level that you could have focused on for a for a re break, right? More expensive stock faster move I understand that But here from earlier a couple of different things standing out We had a nice dark orange line here at 104 So that became resistance at first on amd Then over time here's something I want you to focus on look at the cvp column But look at the delta that corresponds with it So not only do we have you know a good chunk of volume filled around 104 10 but It's a lot of buying So it's big volume But it is a lot of that, you know big buying really So if you were wondering why this had a tough time with 104 Well, this was resistance at first it was so right here here This could have been a good little entry But if it's not going to continue then you have to say okay Well, maybe there's another opportunity later on maybe there's another level that's better. Well, it wasn't so So easy to see right away here, but over time as this built out Well, it seems like 104 10 104 10 ish Is a pretty strong delta level a lot of buying that came in from the chop from the consolidation So the question is what if it ends up continuing to break over that price? Here So again, just one more time showing it. It's not just the the Delta column here Because if this stuck out, but there was no volume there at all Then i'm not going to treat it as big like for instance here This sticks out a little bit where my cursor is but there's like no volume treated there like 103 40 ish Here there's big buying But there's also a lot of volume corresponding with that specifically. So you know, that's what makes 104 10 here pretty strong All right. Well, what if it re breaks over it? What if there's more buying off of that price? You know it moved up, but again, it's got to hold this as a higher low It can't break back lower too much and it's got to really continue. So Of course from there it went but that was what 104 10 Yeah, right there So the more times it tested that price in a shorter concentration Higher low the re break led to a nice entry, right? So ideally that's what i'm watching for on on like a day-to-day basis pretty much Richard asking here on on facebook actually my apologies, richard probably sent that from a few minutes ago What is your view and thoughts on that stock? Which stock exactly richard? My apologies just catching her comment right now. So if it was on mara or amd, let me know Actually in the interim I actually want to jump back to a stock one of our students ira had asked about ira One of our students asked about hive It's a bitcoin mining stock Similar to mara, right and as much as we were calling out mara too We were saying hey look at the pop on coinbase There were other stocks that moved with the bitcoin news that came out Mara is How do I phrase this Mara is in my opinion. That doesn't mean right or wrong. It's just I am Believing my own mind with this where I say Mara is the best bang for the buck crypto stock Meaning that you know granted it's not the cheapest where you know, it might make this big cheap little run Now you're going to find others out there hive is one of them BTBT is another one eventually will make a move bit farms is another one cheap You know if you're looking for a cheap stock that can go with the others and that's different but i'm talking something that is within our price range And something that is not on a very large float and something that is proven to make You know, let's say a dollar move on a day-to-day basis So that could also be coinbase that could also be riot But I think mara has a lower float than riot which is good for this practice and coinbase I think is pretty high float as well. So My opinion. I just thought riot was the most bang for the buck But if you're looking at other crypto Miners out there like hive Hey off of that news then this is likely to go with it, right? So of course it did. Well, were there big levels on this trade? Okay, if you were focused on hive as I was trading mara There's no wrong as long as you're following obviously the trend but the levels that it's presented You know, are there any clear levels for this trade? Hive If there's not then I'm not going to be as incentivized to try and follow it So what I mean by that is for Wayne and Carol and Roberto and Cal and Mark and Sam and just got a private chat here really quickly. So for all of us here really briefly. I want to ask you I want to ask you Looking specifically at the heat map only the heat map. No other columns just the heat map Where do you see a big level? Only looking on the heat map. Where do you see a big level? No other columns and richard. We're going to get to your stock in just a moment He was asking I think maybe an otc otc stock rvv tf. I'll take a look at that in just a moment I will say for anyone who's joining us on social media today richard and all of us Otherwise if you're interested in joining our students inside our live chat room Continuing the conversation with myself and the man himself Fausto scan that qr code on the top left just on the stream get you access to a week long trial Is there a clear big level on the heat map here on the heat map? Mark and charles saying 350 wane says 352 carol. I think saying 347 I don't really see one. I'll be honest with you Um, maybe I can clarify a bit because I think one of us wrote right here 346. Maybe because of this dark red okay, so to reword this better because I I probably could have phrased it better The bitcoin news came out at like 10 to 15 in the morning 10 21 in the morning. So Truth be told we had no business following mara before that let alone this thing so I actually appreciate that answer from carol because that was that was a dark red line mind you but Is there a big level looking at this heat map now? Is there a clear level that stands out to you that you would bet your life savings on as a big level Wouldn't want to bet my life savings on a lot of things, right? Carol says the heat map is a mess. Well, that's the point, right? It definitely is a mess. This thing is just you can't read this I mean even from earlier a good answer from carol on the 346, but Outside of that. Is there any dark orange stretching across this page that looks anywhere near a big level? I mean, hey at four bucks. There's a Light blue line, right about, you know, 3000 shares just 3000 big Well In relation to this I I guess But is that something i'm willing to risk a personal money on? No, why because we've seen a lot larger levels that we've made losses on So i'm not going to feel as giddy to take a trade off of like a 3000 share Price, you know a level that has 3000 shares off of it So truth be told this moved up made a nice little push at first There wasn't any big level to focus on initially if you want to assume four as a whole number that definitely is not wrong You could assume that four level but Otherwise though even here now as we look on the other columns There really isn't much that sticks out as like a big price to watch It looks like over time here. May I do something here very quickly? Make this a little bit easier on the eyes. I reckon now, so it's not dark red. I changed the the settings here, but you know You could see 18 000 now popping up on the bid side This is at like 1105 in the morning at the price 390 So from there, let's ask what happens It goes down Does it break through this iceberg? Does it break through this order? It dies This is extremely important right now. Why? Well, it seems like finally we have at least a level that sticks out 18 000 20 000 that were on the bid Well, that is something a little bit better. That's you know a little bit larger of a level carol, right? That's something I can feel a little bit more giddy to try and take Actually really briefly. I'm not gonna just try and spin this here folks Uh Crap where to go the bglc trade. Where is that one from yesterday? It was the runner from yesterday that I missed and it was there for the Taking and I was teaching the class and it moved up without me Well, the the gripe with this stock if anything was that this was on a huge spread This was on like a five cent spread four cent spread as a dollar stock But there was at least a 76 000 share iceberg on the bid that popped up Well, thankfully that is what led it to move And unfortunately it moved up without me because I didn't like the spread It was on a crazy spread for a dollar stock Well hive at least from earlier here Well tried to pop but it failed initially and at least it ended up going under and over right here This actually is worthy of an entry. It breaks back over this big level All right. Well, if this is going to remain bullish right from here We need to see this obviously continue So it's not just a matter of seeing it lay over this as support But it's a matter of seeing a try and crack over four bucks and continue So it tries to do it at first here but As of right now it's still not really making that big push So there wasn't really a great trade that we could have jumped in on for this hive stock really there wasn't Mara at least had better levels that you could have used they're all going to move similar But you know, we're not trying to throw darts on the wall and assume that they're going to land right? Meaning that just because one stock's moving doesn't mean we're just going to trade the other stock again, that's Trading is not always that simple, right? So it's a thought it's something that leads us to say. Okay. Well if Mara is moving What about queen base if Mara is moving? What about hive? So you're right with thinking that but if the stock does not have easy to see levels for you to enter off of Then the more that you're watching that and you're just more puzzled by it. You're like confused. Well, where should I get in from? You're wasting time The clock is ticking Mara is moving up higher This might even be moving up higher without you So you don't want to get lost just looking at a stock and if there's no easy to see levels Just move on to the next trade then let's see if there's something else that's moving that's similar, right? So again, I can't stress enough Mara we called out because well it has easy to see levels It had easy to see levels and still does Um, you know, I could have called out riot too. I could have riot definitely has easy to see levels Very similar to Mara So no wrong in trading riot, but I think Mara oftentimes is better bang for the buck I'm sure riot will have its days as well But you know just generally as long as the stock has levels that are easy to see big icebergs So, you know, that's kind of just my take on that ira again, tradeable as tight spread good volume on the book Xavier here saying in the chat board right now icct popping. So, you know, we're wrapping up traders talk in a couple minutes. We're not really Uh, you know, it's jumpy to take trades heading into this late morning session But hey Xavier with a shout icct did pop here, right as we were starting traders talk So is there room for more? Could there be room for more? Find out Take a quick look here in just a moment. Oh, actually really quickly. I'm sorry for uh Michael or I'm sorry for richard on facebook. I'm gonna get to your stock in just a moment Just to be transparent here I'm definitely more inclined to look at the trading room chat first take priority for all of our students joining us My apologies, but we will take a look at that stock that you're asking in just a moment So from icct looks like there was a pretty big level About 26,000 shares 27,000 right there at 625 Now it looks like that order I don't think that order really mainly got filled because you don't really see as sharp of a spike on the cvp column Granted give me a second here. I'm gonna reformat this make it easier You don't really see a big spike on cvp at least in relation to this actually so You know, there there was a level here. It was chipping around it a little bit I guess it broke higher, but the cvp doesn't really stick out as well there So i'm interested in seeing what the next major price to watch is here I would assume seven just as a whole number, but there isn't a whole lot showing there just yet Did this stock get halted earlier? I don't think it did Looks like it just popped and then it really crashed Uh, it didn't get halted in either direction and If anything it looks like there was a little bump of volume filled here You know on the bid so some selling pressure around 680 ish or so All right. Well, I'll tell you what it's not really breaking lower or tanking from 680 just yet It actually just popped above at a moment ago here What if this gets flipped into support? You know if this ends up getting flipped into support over time here Then I'd be led to believe that there's room to see more So 680 I can try and see as a big level to watch here for support Otherwise though otherwise if it does drop from there then I mean cvp here not until 6 but otherwise that's where maybe you could try and go with like a chart level You know, it looks like maybe just right here was a nice peak It became a nice support for a moment here But I'd be inclined to say 680 is a larger volume level So live right now you'd want to see that act as a true support if you're looking for that move back over seven If you're expecting this to get closer to eight sooner than later then Honestly, I think this is a must. I think this needs to hold over this right now If you're expecting that move sooner than later If it breaks lower from here and then chops around more It might just continue to break down over time But you know, maybe later in the day it could realize that better move I think regardless looking at the order book with how thin it is It's a huge risk. This stock is up 330 It's got thin volume on the book So it is not as ideal to try and look for that, you know late morning early afternoon move Again, I think this one as well All right, not as bad. I guess it's a brand new IPO though So this stock I guess just got listed on the NASDAQ a couple days ago or even yesterday So there's little history to work off of on this trade, but it still is on a pretty low float It trades it's on an 8.09 million share float It's trading 41 million shares today You tell me I don't think that that lines up too well. So I would say that this is definitely heavily traded If it keeps going from here, God bless it But it is on such thin volume such a thin book That if you are wrong with this holding as support and if this fails to hold this as support It's going to make a hell of a drop and it's going to be nasty So you just don't want to be a part of that there if it had better volume on the book I'd be a lot more inclined to you know, say, oh, this could be a great trade to see if it pushes higher You know, not just because Mara is my pet project as far as like a swing, but You know looking at tomato tomato here. Mara is on a good book. It's got, you know, great volume type spread You could say the same on an amd I mean the whole market's at the high of the day right now You could say that on a lot of different trades here tiger moving back up pretty nicely Xpev one of us was asking about just before I'll do that and then I'll finish up for Richard on facebook So Roberto asking how about xpev xpev? Yeah, I just chatted me a moment ago saying I've been trying to follow it, but it's been difficult Could you give it a look for the class? Yeah, so From earlier today Okay, so really quickly on this Neo had bad earnings Bad news bad earnings led to a drop. It was down like seven plus percent going into the open or shortly after I'm not Going to long a stock that's directly coming off of bad news If someone could present a reason why I should do that, let me know right now That leaves me to say neo bounced this morning I was telling everyone like stay away from this. I'm not really as jumpy to trade neo It's coming off bad earnings However, if the other chinese ev companies are moving well and the whole market's moving up then of course those are the ones I'm more Incentivized to follow so xpev made a similar move as neo did but one is down a lot more percentage wise than the other One seems like it has a lot more bearer sentiment than the other So xpev I was a lot more inclined to call out and trade and you know at least you know focus on a few folks here So at least on this trade, let me just bring up bookmap roberto One second one second All right, so a couple of things here Looks like the opening and the closing bell prints from yesterday monday. We're right near the same price just basically 1846 1843 It's not a doji technically, but you know at least both of those with them being so close to each other I would think that you know, both of them could create a bit of a level to work off of over time So that was at 1843 and at 1846 that was the opening and the closing bell prints from yesterday I think it's easy to say that once it broke out of this as resistance and it ran resistance became support Not only that but the vwap was there below it in case it shook down a bit more Then the vwap would have been that tertiary support line right there right below the two So that is just easy to say in hindsight, but in terms of let's say pre-market What happened after the open all that good stuff Not really a whole lot. I guess something's sticking out right there 1843 or so same price Uh market opened up obviously this dropped with neo So, you know truthfully so if I'm not going to long neo at all Then I'm not going to be as incentivized to long xpev at first So once we start to see the bounce back up on xpev That's where you could begin to think okay. Well, maybe this can push up a little bit more even if neo just stalls out a bit Um, I know neo still moved up over time But this was just the one that we were calling out a bit better a bit more So once it broke over its opening print here that was at like 947 in the morning This is the opening print from this morning. This led to a nice entry. It it false broke it at first So first test it held then on the re break Led to a nice move So that was really your first entry on this trade off the opening print moved up pretty nicely Then from there first test of 19 it held And then that became support the open and closed price from yesterday that 1843 1846 That's it there All right, folks last one from richard. My apologies. You're actually we'll go through two of his action now. So Uh rv vtf. I'm assuming that's an otc stock. We don't really trade the otc's I don't have the data myself on my platform for it. So You know normally just to mention especially like a real legitimate like otc bb or like penny stock basically We're not trading the pennies out there If there is a stock below a dollar that we ever trade It's probably knocking its head on the door of one dollar itself So something like this we stay away from inside our live trading room I don't like to just brush that off, right? You know, perhaps I can give you a little advice as far as seeing potential support build here over time But just generally richard, that's where I'd say like, you know for The other stocks that we're calling out, you know, we're trying to follow stocks that are perhaps coming off of news But otherwise stocks that are showing great great activity across the day Live right now. This actually isn't looking too lively, but big is still near the highs It's been gradually chopping upward this morning Something like that could pose as a really strong trade for the afternoon session around like, you know, 330 in the afternoon otherwise No, we'll need to change the channel in terms of uh, moving from one stock to another when mare is still just Continue and look at this First test of 1350 it held it popped it then pulled back. So zero surprise there Not really a big cvp level for an entry here at this point So simply I'd say the more times it knocks its head on 1350 That's where we could be more inclined to expect that move up higher Again, we were talking 1415 1430 as potential historical level ahead on this trade for mara Call me the mara whisper. I guess you can call me this but I feel like there's cooler nicknames for me. All right, folks, we're gonna finish up right now Oh last one from richard abev Not a penny stock. So this one's on the nyse, but extremely flat. It's not doing anything So as far as a swing trade, I mean you this might need to get flipped into support Basically three bucks or so But as a day trade, even though it's you know nyse listed, it's you know above a dollar. It's within within our price range There is no movement there if you're trying to watch the grass grow then Let's be a good stock for you But otherwise I say that of course for all this year I know that we're not trying to watch the grass grow grow watch the paint dry So for richard and all of us on youtube or facebook or x or any of these social media platforms joining us here this afternoon I appreciate you folks joining us But if you wanted to continue the conversation and continue the continue the education of mine you I got a refill up on water But hey a couple of options You could scan that qr code on the top left of your screen get you access to our live trading room Or otherwise any questions that you have for myself here any follow-ups richard or any one of us live Send over a quick email josh at c2 trading dot com is my email address Man the more these I do I got to make sure I'm filled up and good to go with water So we're going to wrap up here folks. I hope that you enjoyed We'll continue the audio later this afternoon inside our trading room at 2 30 eastern with the afternoon meeting All right, folks. I'll talk to you all then take care