 All right folks, we're gonna be good to go here coming up in just a second here Just gonna make sure we're good across our live trading room Here we go should be good to go folks coming up for all of us inside the live trading room Ryan Chuck Dan Brian Ray and all of us They're live great to see you all be back once again My name is Josh level 10 for all of us on social media Facebook live YouTube Twitter and LinkedIn great tab all this back You're collectively for our trader stock workshop. So right out the gate We actually have a ton of trial members joining us here for this week coming off of last week's webinar with Fausto So allow me to introduce myself. I'm Fausto senior instructor here at separate trading University. My name is Josh level 10 I've been with Fausto been with Fausto since October of 2014. I also talk very fast my apologies But if you have any questions right out the gate folks just any trading related questions Please send it right over to my email address Josh at CT trading calm is extremely important as a trial member Let alone a student as well But no for someone that's new to our live trading room new to our streams Perhaps if you're on social media joining us today, you know, it's extremely important to ask these questions for us to go Over your trades and questions alike. Obviously right now. We have a nice mover here a little move up on the SOUN stock So actually we can talk about that to begin Ryan. I got your email One of our trial members here kind of asking there if I had received his email for today I did just so I see it a moment ago Brian But with that though, you know, hey SOUN is making a nice little squeeze up right now We can go over this to begin but I'd like to like really start from the beginning start from pre-market trading This is actually a trade. I just missed out on right now I was on a coaching call to one of our students Felix and I got stopped out for a break even trade It was on this and then moved right back on up without me made the move I was looking for but you know at this point in the morning It's not really where I'm trying to force any trades and I emotionally I can't really cry over spilt milk You know stocks moving up that I'm not in that I thought could have moved up anyway This is not the best time to be trading we know that so you know Let's why that's why we have to talk about the beginning from pre-market You know eight o'clock Eastern time when when news begins to come out for a lot of these trades Obviously the market open at 930 and onward. It's been a profitable day so far You know pretty good morning so far with a few different movers But no, we'll come back to this in just a little bit here Let's start the pre-market at least there were a few different trades that we had on our watch list early this morning I thought this could have been a really good pre-market session just with a few different Cheepies that were up big with the KPR X trade with the SQL the Cano stock we had Lucy which we'll talk about in a moment LAC is another one, but I wasn't as like high on that one It had like a big spread so you know that one will kind of dismiss But you know, let's talk about one that didn't like really work too. Well, it worked out alright But obviously as you could see here right now this cano chart clearly does not look too good right now It dumped off after 930 it was one from pre-market that was moving up pretty gradually going into the infamous 8 o'clock move Right so with it moving up the way it was I'm sure that you could imagine why I was inclined to follow this to trade it going into the you know Pre-market at least so let's unzipper this trade. We'll kind of see what happened on this stock Why I was interested in it and ultimately where I got it this actually netted me a few cents on this trade so My broker trade station meet we can't trade till 8 o'clock eastern time We can chart plan ahead before that so that's alright most trades don't really make as good of a move until afterwards anyway So it's just to say I missed out initially on this run up. All right Well from that point well, we begin to see a couple of like icebergs pop up on the bid You know one here initially off of 170 But then over time 180 and they move their order up to 181 So that's where I started to become very interested in this trade my first one on this was a breakeven I jumped in right off of 182 and I was looking for the bigger squeeze up right away And it just didn't give it to me was actually a minus one But it got out basically breakeven price and then once I saw it begin to inch back up a little bit later on Once a new iceberg popped up. I thought okay, there could be more to this like I had initially Suspected so I jumped back in same exact price right off of 182 I ended up getting out right off of 184 It was a quick two cent profit before the nasty shake and then at that point It started to kind of just squeeze back up a little bit But I wasn't as incentivized to follow it so this one it was pretty nasty for a little bit But it started to bounce up had a nice little ladder effect early on here even after I got out I wasn't as interested in it after but once again the same pattern kind of repeated But you know, that's where we see that's where we could at least say going into the market open We don't ever really look to hold on to any of these trades You know you look to kind of sell off take your money and run around 910 915 eastern time going into the open The way that I like to phrase it and teach it is you know Not only do you want to give the stock a chance to breathe and relax Give yourself a chance to breathe and relax and prep up for the market open So it's just to say at least that once the market open rang each This is a nasty drop and perhaps there's a chance you could begin to see a sling shot But if it doesn't make that big move that you're expected to see Don't get stuck holding right so it's easy to say it ended up kind of just pulling back and solidating I was not as interested in this trade going into the open So I avoided all this thankfully but no just it was one of the pre-market wasn't the biggest mover wasn't the best mover That's one that I want to go over actually one that wasn't like one to really write home about Because not every trade is one to write home about you could say this you could say the same to be said here on the KPRX You know clearly now this trade is not looking good This was one of the best lookers going into the pre-market It was like up the most it was trending up beautifully and it was coming off of really good news So the news that came out on this KPRX trade it was something to do with phase two So give me a brief moment here. I'll just type it in the chat board see what I could pull up Yeah, so KPRX shares trading higher after they received Investigational new drug approval for phase two study of whatever drug. Okay, so hey, we always say it right? We're no pharmacists here Maybe one of us is but you know just to say that phase one phase two phase three and then you have FDA approval from that point So phase two is like kind of middle of the road when it comes to the pharma news, but it's still pretty significant You know just given that headline that came out This is an expected type of response right away, but hopefully there could be a lot more right, you know The stock took a huge hit. Oh, I don't know what happened here. Pardon me I have my one minute chart then daily chart there should show You know the stock took a huge hit over the last year So with all these different short squeezes we've been seeing and the way it was trending up going into eight o'clock Why not look for a breakout? Why not look for support to build? So this was a better trade at least from pre-market. It's still dotted off afterwards It actually had a nice little slingshot and then got halted upward at first But then dumped off, but I'll show you the level I was looking at on this position It was a little bit after that cano trade bring up my level for right now my book map here briefly All right, so it ended up bouncing from five essentially, you know from like above five bucks It bounced from that point and then it started to make a nice little shake around here, right? And I'm noticing that well Hey, we ended up having a lot of quote-unquote selling at a couple of different prices You know all these larger red spikes here on my book map on the the far right column here So you could say five ten Over time five twenty, but I had five ten and I had five thirty mapped out as key levels to watch on this trade So for me and what I was looking for going into the pre-market at this point I was looking for a nice under and over from that five thirty level So it took a little bit, but it eventually ended up making a nice little squeeze up It was actually after nine o'clock So I thought I'd missed out on this pop pushed up pretty nicely But I just remained focused on the level jumped in as it broke over the level and I ended up getting out before the open You know I just mentioned a second ago that you want to give yourself a chance to kind of breathe and relax before the market opens up Well over time this ended up dumping off pretty quickly within the first five minutes So you know that's where you could at least say take the money and run You could always jump back in leader on if the stock affords you that chance So it ended up making a nice little push up above five thirty it held above five thirty And you know that's where you could hope for a bigger better move But again I held myself to that rule like you don't want to hold into the open as much You got to make sure that you at least get out and you know if it ends up popping suddenly without you Again, you're not trading the first five minutes anyway from nine thirty to nine thirty five So you know you just got to keep scanning and seeing what's out there making sure that you're prepped up have your level set You know obviously going into the market open All right, so the KPR X trade otherwise after nine thirty it had dumped off. It just got really shaky You know got halted to the upside once That's where I caught my interest again But once it reopened up it completely tanked and then from that point I took my eyes off it So, you know, it's really just for me to say I missed out on this afterwards ended up shaking lower Broke below of my you know area line here five thirty five twenty five ish So support became resistance and then eventually that led to the lower low From that point though, let's get to the more of the main attraction here The SQL Okay, so the SQL this one had popped up going into eight o'clock or seven thirty nonetheless So we had it on our pre-market watch list. It was like kind of flat though going into eight o'clock So, you know, that's where I could say for as much as it already pumped up Although I put it on the pre-market list You got to watch out for that trend down off the highs You know if it ends up just kind of making a false break a back above one You know pop and drop it could easily continue to pull back and try and fill the proverbial gap down So you don't want to hope and hold but this trade it's extremely easy to say that it ran up nicely afterwards But that's where we could at least break down What gives us the confidence to think that this will continue in any matter whether it's for ten cents twenty cents Fifty cents a dollar plus like it ended up making what gives us the confidence to think okay It's not just moving up, but it's setting up for actually a respectable move that we can make money on All right. Well, that's where we have to plot our levels that ahead of time on this trade So most likely we're gonna focus on a dollar here because you know common whole number price levels $1 $2 $5 $10 etc No, that's typically going to be an iceberg level. We'll see what book map shows in a moment level four But otherwise, you know by the time it was eight o'clock. It was already under that level So I'm waiting for it to try and pop over that price break back over that that dollar level there Give me a quick moment SQL. I have it up on my book map here. So let me bring it up now Now this looks a little odd to show because it's not really as definitive with like where these orange and red lines are There's a lot of them, you know, it looks like one at 105 one at 115 one that popped up here at 110 almost like every five cents 120 pretty much every five cents But you know, it's just to say that all of those look pretty similar in color similar in size You know, is there any that really stands out one over another? That's the question Well, it's hard to answer. It doesn't really give me as much clarity actually That's where we could look at at least the CVP column and Certainly this larger darker red shade here. This was a bigger level and you know, that's right off of one That's right off of the whole number dollar right there and even 99 cents actually So it reflects right there on this middle column the CVP Column so this will show you how much volume has been filled at each price level across a session So certainly it goes to show at one dollar. We've had big volume filled at that price Not only do we have big volume filled at one, but to be transparent We have a lot more buying than selling filled Specifically at the price 103. So I would treat that as a resistance as much as I would one So let's plot that as well We'll make that green to kind of represent the buying there the more buying that we have off that 103 I'd be led to believe that this can make a much better run All right So after eight o'clock it started to make its move at first it popped and dropped it So the more times it could stab at that level break over it the more buying that we have off that level You're expected to see at least a bigger move off of it now. What does that mean? Well, we hope for that big move to be up, right, you know, we're buying the stock it came out with some sort of news I'd imagine didn't even check just before but it's just to say that the more and more buying that we have off a Big buying level it should look to make a pretty good move Hopefully up certainly up with the trend But if it's a false breakout if it were to pop above Lose its steam and then ten minutes later comes crashing back below 103 and crashing back below one dollar Watch out. That's where false breakouts happen, you know, total headfakes and it completely comes back down. So thankfully We didn't really have to worry about that about that too much You know these shakes here are more just like late prints that came in that just temporarily affect the chart there But it's actually I don't want to say fake But I don't really factor these spikes in with my real trading as it's beginning to move back up So I'm keeping my eye on the bid ask here on the spread on level two as well Of course just with level three. So I'm watching it begin to push back up and once it broke back over a dollar I will tell you I did jump in off a dollar 103 I didn't plot as a level on my own end at that time So even looking at level three or even looking at level four with you folks right now Seeing this I did not recognize that real time myself So, you know, it's just extra reassurance to see well, why did this have a tough time breaking higher at first? Well, it wasn't one dollar. I mean that was big don't get me wrong But 103 was the real kicker once it actually broke 103. That's what led to the much better move up Thankfully it worked out for me on this trade, but I ended up getting out much earlier I ended up go much early on this trade. I ended up getting out on this right off of 110 For a dollar trade and it was already kind of shaky to begin with You don't know in full if a stock is going to explode and run all the way up to two let alone 150 So, you know, I was up a couple pennies to begin with on those trades And this was after eight o'clock to begin with so actually I don't think I was up anything at that point So the more reason to take the money and run, right? It's a shame that I personally missed out the more and more it ran up, right? The easier it is to hold on from a lower price, you know, the bigger cushion that you have then Mentally of more flexibility to say, all right, let her ride a little bit or oh, let me take out half my trade instead of all of it But you know what now at 11 22 Eastern time? I have that flexibility You know, we kept trading throughout the morning built up your cushion You know cushion money at least across the market open and from pre-market here So, you know, there's gonna be trades where you're not gonna be perfect on you're never gonna expect the perfect move And for it to hit all the time, right? You know if that was the case I wouldn't be here Straight straight up. So, you know, at least at this point it ended up making a much better move more after a 30 It ended up beginning to hold here off the lows But it pushed up higher off of $1 and 30 cents and really at that stage made a much better pop So let's look at book map here and I'll show you and myself where I could have potentially Re-entered because I didn't really care to check that much afterwards I kind of just prepped up some other trades and I came back to this one too going into the open But I didn't really answer that question to myself like is there a price where I could have gotten in on this position After I took my money from 110 So we had said before that basically every five cents was some sort of iceberg level But that doesn't really mean as much if They're all kind of the same size, you know, not every level is going to be equally strong each and every go around So with saying that, you know, it ended up grinding on up grinding on up I don't really see anything that truly stands out there from the CVP column It really naturally just lifted off if anything maybe you could say that 130 looks like a smaller Looks like a bigger iceberg popped up for a smaller period of time But even from there, it looks like they may have pulled part of their order over time here But hey the more and more it's stabbed at the level I guess you could say that once it re-broke 130 it led to a much better pop Truth be told though, I mean aside from saying that there wasn't a whole lot that stood out on the CVP column from that point You know, there's a pretty big iceberg that popped up temporarily at 169 That I would respect greatly as a level, you know, it was out there for about 10-12 minutes Or maybe even close to 15 so the longer an order is out there Certainly the more I'll respect it as a key level to watch even if it does get pulled over time So that's where you could say 169 became a pretty strong level to watch at least throughout the pre-market session Resistance became support going into the open But now at this point, obviously, it's just been really flat It's actually been holding over that price really most of the morning But just like we talked about the more times it stabs at that support much like it could stab at resistance The more times it stabs at support it's gonna eventually crash below it. So I Would be careful on this one especially with the dragging down as sharply as it is right now All right But yeah, SQL want to move up from $1 if anything obviously wish I could say I held on most the way through if anything but you know cushion money's cushion money my you know style of trading does not necessarily Not my style of training. I primarily don't really trade pre-market as often I really saved my trades for Fausto in the market open with everyone here So, you know at least in pre-market if I have a little cushion money to start my morning off with I'll be really content. I'll be pretty damn content on that, right? Give me a quick second at least for all of us inside the live trading room. Just want to make sure that my chat is good here There we go. Sweet. All right. There we go All right, so we went over Kano. We went over the KPR X We covered the SQL for the most part in pre-market after the open it popped up got halted Nasty down halt here and this could be simple to say but we say it quite often when a stock gets halted on the way down Much more often than not It's not a hundred percent, but much more often than not it's game over So I want to hold myself to that rule the second I saw this down halt and the gap down afterwards Just game over you move on from it, right? Lawrence you making my day my friends. I appreciate that. I appreciate that got an ugly mug though All right, let's see what else we got though here in the meantime Lawrence wrote isn't our lira handsome devil got an ugly mug Lawrence I appreciate it, but all right, so the SOUN trade that leads us back to SOUN one of the AI stocks at least Now what goes up comes back down, you know A lot of these stocks ended up making such a big move up from last week that of course and from yesterday Of course as well that eventually we got to expect to see them pull back. So SOUN the AI trade BB AI all of these runners from the last week or so You should expect them to pull back and that was my attitude going into the market open. That was my thought But still with that in mind. This was a trade this one here the SOUN in particular This was one I really wanted to sink my teeth into because well, hey, it's pretty damn tradable penny spread very liquid book pretty cheap AI the more expensive this got over time here the last week and a half The order booked in doubt a little bit, you know, I could trade more shares of a cheaper stock I don't want to say always had better opportunity cost trading a cheaper stock not always the case But you know in this case, I felt like there was going to be more bang for my buck on the SOUN So on this one at least I didn't really follow this out the gate at 930 because I was looking for that bounce later on More around that infamous 1030 reversal time So I missed out on it just before we were beginning traders talk and as we started here, but I didn't really miss out on a whole lot I reckon Let's go more to the daily chart in this one. I Mean the lines there already I just came off a coaching session with water students Felix and we were hunting this trade Looking for a nice entry on it. So it was just bad timing Not almost a bad timing, but right place wrong time So you can at least see it, you know from last year August, September October It was basically pinning itself around 380 and around 375 or so, right? I think we could all agree 380 to 375 basically right there That's a pretty damn big level to watch, right now This could even be a swing trade opportunity, but I don't know the first thing about this company Compared to another stock we did well on as a swing trade this week on Buzzfeed, you know different companies At least I know one not the other but you know an SOUN more or less I was looking for for a bounce on this trade right off the 380 375 area So just before it had popped up right before we started it had pulled back and I ended up raising my stop Up even on the position because well it led to a nice reaction at first and I thought there was going to be more to it and I said You know what if it's not going to give me that reaction. I want going into traders talk I may as well just move my stop up and just be extremely conservative and take like a break even trade So that's what happened right here as we started it took me out actually stings to say but unfortunately after it pushed right back up Well hey in terms of following strategy following principle and rule set The more that you're here the more that you're likely to follow these rules And the more that you are following these rules the quicker You'll become it identifying different patterns and setups So this is where I could be transparent and tell you and it's not like shoulda coulda woulda I'm teaching a workshop right now, you know, I know that there's going to be another trade for good old Josh later on today, right? but if I wasn't doing traders talk and I got stopped out right here and If I saw this pushed right back above 380 I Could easily see myself jumping right back in maybe on half count position size maybe full But I could see myself taking that entry because well, hey, there's a reason I had this level plotted I think that we could all agree that you know that 380 370 is pretty big So I would like to think that we should get a good reaction off of it So shoulda coulda woulda right, but there's always going to be another trade later It's just to say now well it held under four That's a bit of a red flag right because over time you do want to see the next resistance get flipped into the next support So this year you didn't really want to have happen Just to say over time you would have wanted to have seen this become support There's still plenty of time for that to happen, but the more times that this gets poked at 380 as support Eventually it's going to crash below it So that's why I was kind of more hunting for it around here when it was breaking back over the level right breaking back over it Kind of going with the momentum there on that one All right from Ryan asking are we still doing traders talk? Oh, I hope that he could hear me I hope that he could see me. We are currently doing traders talk right now and it's time to log out log back in then All right, so it looks like Ryan wants to get his email Questions answered here pretty quickly. We'll get to that question right now Ryan We'll get to that and answer emails right now. So let's do that here I'll jump back to all of this here in a moment. So Let's go to email now. How about that? alright, so Ryan sent in four questions and I will tell you what folks really briefly if you are a trial member joining us This is no better place to go over your questions than traders talk right here But if you are a returning member and if you've been inside our trading room for longer than a couple weeks I would suggest for you to consider taking our classes I'd suggest for you to at least look into the phase one two and three curriculum They'll give you the best insight as far as knowing what we're doing what why we're doing what we're doing More time to go over a lot of these questions as well For instance, can you elaborate more on the 32nd rule? This is an easy one for me to go over this one's easy The 32nd rule simple if the stock is not moving in your direction within 30 seconds of entering the trade Odds are it's not going to make as good of a squeeze as you'd like So just best for you to either just set a really tight stop play break even or just get out You know the way that I phrase it is you know, hey, if it's not making that big move that you're looking for I Guarantee it's going to make a big move just the other way What is the ideal time to enter a trade pre-market? You know typically after eight o'clock I'd say Typically after eight o'clock, you know, if you're able to trade before eight o'clock, you know You can go for it, but typically after eight How much data would need to be seen in order to establish a trend when entering a stock? 15 minutes worth of data 45 minutes worth of data That is something that is trade by trade so it could be even less than that I don't like to give a vague answer to anyone at all because just as a student I know that I don't really appreciate getting vague answers more than specific answers But that's extremely situational in terms of just trade by trade Maybe we could break down one more here for us at least Jump back to my kind of analysis here, right? All right, so Lucy Lucy was a great trade Lucy was a great potential trade actually You know, it was on our list going into the open. It was running up actually right before 9 30 So it caught our eye pretty nicely here, but I had this at a good level and a good time It ran up really well from when I was jumping in on it, but clearly it didn't continue, right? So what happened on this? Well over time you could see it broke higher, but why do I have my line at 360? What gives? Well over time here and we'll kind of just show this for the time being I Called it out initially actually was like as is below 360 at this stage. It was after 10 o'clock So I noticed that 360 was a pretty big level It was actually after 10 o'clock anyway when this big iceberg order got broken through about 23,000 shares on the ask Now over time you could see more and more volume got traded there It just naturally was a big level from book mat from my CVP You could see also here. I mean not only was it was it a big volume level, but it was a big Buying level so the more buying that we have off that level I'd imagine it for it to make a pretty strong run pretty strong move upward, right? So it's saying that it took one more false break here and then on this go around after 10 15 in the morning It ended up leading to a pretty good reaction led to that better bigger move up, right? So in terms of kind of answering that question to you Ryan You know how much data do you want to observe or whatnot before jumping into a trade? I mean hey, I mean if we have more data, it's going to be more to our advantage more data It means more evidence for us to make a conviction on whether to enter or not, right? So I don't want to have just five minutes worth of data and that's it But it's to say at least once this popped going into 9 30 That's where you start to figure out where your levels are like all right Let's look on level three level four see where the big icebergs are You know, we wait the first five minutes after the open anyway You know in in theory if there was a big level to enter off of here That was noticeable beforehand and that could have been a good entry right there prior to 9 50 eastern time But i'm just pointing out that I ended up recognizing 360 as a key level Uh right around 10 15 and fortunately for this one where I could say You know sometimes I'll get caught in a false breakout at first and then it makes the better move This one really I was patient on the first one and then once it rebroke later on here I jumped in led to a great run All right Really quick from Joyce in the chat. We'll go back to Ryan's email in just a second How do you make the decision to not chase up? I love that question. That's a great question to answer here Because it allows me to not give a blunt response, but give a response that allows you to think Just allows you to think think just perspective right hear me out Does anyone here need like a password to enter a trade Does anyone here have handcuffs wrapped around the wrists that prevent them from taking a trade or not? Is there a fee that we have to pay To not take a trade the only thing or being stopping us from doing anything or Allowing us to do anything for that matter is ourselves So what do I mean by that? Well Basically I answered the question of how do you make the decision to not chase up you say There's always another trade Now what do I mean by that? Well, you do want to play it level by level So here on lucy if you missed it from 360, it's not to say. Oh, just don't trade it. That's it No, I see where the next level is see where the next level is from there and react at that point So, you know, hey, maybe your resistance can get flipped into support See what happened at that point, but otherwise the more and more this can Break above the next resistance maybe over time. This can make a sharp a pop from four and go Obviously it didn't do that. So ended up consolidating and then eventually pulled back. So You know at that stage it also tied into Reversal time pretty well roughly around that 10 15 10 30 So, you know, those are things that I think about when it comes to entering or not entering and again What I mean by that is I'm following rules. I'm following what we preach in class And it's not just what Josh is preaching to himself because keep in mind I'm basing my own trading around these rules that I'm preaching to everyone here, but you have to keep in mind these are rules that Fausto taught me in 2014 So I've heard it from him long enough to where it's been built within my own like kind of habits each and every day This could be easy to say but the more that you're here It's going to become very fluid to follow these, you know more cardinal rules than anything For for instance, if anything, you know, one of our cardinal rules never turn a day trade into an overnighter, right? There is a fine difference between swing trading and day trading and you should know that difference Before you press the buy button Now another distinct rule and again the more that we're in class and the and that we watch these classes and are in the trading room You'll know it yourself, but I'm sure every one of us could have answered. Hey 10 15 10 30 is that reversal time So if we know that if it's that cognizant to us there if we know that reversal time so well Then we should be a little more reluctant to try and jump into a trade as it's still moving up and up and up and up At what point does this look to make its false breakout, right? Now could Could I answer a follow-up questions that one choice? Because one oftentimes I'll get a follow-up and it's well, what happens when you miss a move That's a different question then, you know, how do you make the decision to not chase up? Because I can make the decision to not chase up, but what happens if I just miss the move What happens if it pops without me makes the the bigger pop when I'm not expecting it to I'm expecting a false breakout. So I sit on my hands But it pops suddenly So at that point you would want to hope for a resistance to get flipped into support meaning Let's say if you were kind of sitting on your hands too patiently here and it moved up Well, you're going to either look for 360 to become support Which at first it tried to it broke under and over right here generating a potential entry But it needed to make a good reaction, which obviously it did On this specific trade it obviously ran up pretty well from my from the call out I had if you missed it from there It's just to say you either wait for that to become support You wait for the next level for an entry at four bucks, which easy to say It actually didn't even break over four. It actually didn't even suck anyone in from four bucks It actually just held under that level perfectly So that's actually a good thing didn't suck anyone in from four and tank on anyone from there But the other option would be What other stocks are moving out there at that point because there's plenty of other fish in the sea to catch You know, it's still it's still good time to be trading. We're getting close to that 10 30 But it's still proper time to be following a few trades. So for uh, I think it was the slqt That Fausto had his eye on you know, that was also something that was still moving at that point The you know, obviously the so you entered we had our eyes on going into 10 30 beginning to make that bounce Easy to say but there's other trades out there That's where I could more or less ask about, you know, hey, what's your monitor set up like are you only on one monitor? Just following just us in the room and that's it If that's the case then it's going to be a lot harder to juggle and follow all of these different charts That doesn't mean that you should be on 18 different monitors following 25 different stocks Just to say you got to follow more than one thing at a time give yourself at least more than you know, one option to look at All right, so let me jump back to ryan's emails here. So, um Going back. I want to just jump back to ryan here for right now So we answered that one question three how much data would need to be seen. It's very situational I hate giving a vague answer But again, just trade by trade we have to follow the big levels first and once we get in We need to see a pretty good reaction to start if we don't Odds are it's like, you know plate your level, but if it breaks below your level just take the loss and run, right? No ego Uh question for do you normally take out all profits if you are reducing your position size by 50% in a trade? If i'm reducing my position size by 50% aren't I not getting out of the full position? So you're asking do you normally take out all profits if you're reducing your position size by 50% That sounds like a trick question. You might be trying to throw me there ryan No, i'm sure that wasn't um, you know, that's correctly written there So if you wants to follow up on that let me know But if you are reducing your position size by 50% you are Not taking out all of your profits there Right I mean, maybe you're thinking first in first out type of trading But I I just kind of do it more on cost average basis and that's it. So Um All right, let me just keep going through some emails right now. I'll follow up with ryan in just a moment Okay, so this is a good one here. So are there any? Um, basically it's a it's a longer email. So I'll try and summarize it Uh, so for as long as you've been trading are there any new strategies that you've incorporated that you've looked to have followed I'm not talking about book map because that follows the orders and looking at for the icebergs But are there any other strategies that you've employed or used over the last however many years? That has given you confidence to try and trade well The the key with this much like I talked about with following too many different stocks is You don't want to follow too many different strategies And we talked about this before we talked about this in past traders talks Actually, the member asking is a new student. So I want to make mention that, you know, we've covered this in the past mind you Um, but this is something extremely important, especially for new students joining us because if you're a student That's been with c2 for, you know longer than a year I imagine that you know that you've committed yourself to c2 strategy Like you're here for longer than a year, right? So you believe in the strategy and you're using it I'm talking to new students students that have joined us recently that you know like us and they're giving us a shot But you know, they don't know if this is fully for them or not You know, maybe in a couple months they realize it's not for them and they move on The best piece of advice that anyone could ever give you with trading regardless of what avenue of trading it is Whether it's options or investing or swing trading or forex or crypto or any of that The best piece of advice that anyone could ever give you in any market anywhere Any person anywhere can give you is focus on one strategy and that's it That does not necessarily mean to you know, just only focus on icebergs and literally nothing else I mean a trading system a trading system in full Ctu has a trading system that we preach We go over all throughout phases one two and three of our stock trading course There are other educated other educators out there You know friends of c2 great partners that we do business with and they have their own classes You know the great tom buzz be of dti, you know, he has his own you know system, right? And you know, I would suggest to anyone for any trading system You name it if you're going to commit yourself to one system Don't try and dip your hand into all these different pots without being a full-fledged master of one already You know what I mean So if you're a blank slate to begin with Then I'd still suggest for you to take it one course at a time one system at a time Because you don't want to overexert yourself or overwhelm yourself overexert energy with studying But especially at least for any of our students here that are joining us regardless of of overall experience It's just to say that you got to take it slow and steady So if you are someone that likes trying this person that person Ask yourself the question Are you making consistent money each and every day in the stock market right now? Are you? If you are the next question is are you making the type of money that you want to be making? I'm sure there's going to be a fraction of us that will say yes to that and I'd say that's awesome. God bless. Congratulations, right Felix, there we go. So, you know just to say at least that You know Most of us aren't going through that, right? It's just to say if you are Trying all these different classes. It's harder to try and absorb that knowledge from each and every instructor I mean, we're not robot people We are people So, you know, it's saying that yeah, I mean myself. I learned kind of from Fausto early on back in 2014 I don't need to go through a little bio of myself. I did that Like a month ago here Just to say at least I came in with zero trading experience and you know, that allowed me to really focus in on Just Fausto just CTU You know, I was a sales rep for him at first and you know Kind of just going through the motions of just kind of working with like new trial members and you know I realized like wow, this is actually doable so What I could have done was I could have tried to look at all these different indicators Look at this and that and over time I did I did and well You don't really see me use too many Indicators or anything else other than what we preach in class, right? So I've gone through trials and tribulations myself Um, you bumped your head on the hardwood floor a little too much every now and then and you learn your lesson the hard way Uh, you know, I can tell a couple stories where I fell in love with moving averages, you know For a couple weeks back in 2017 or 2018 and you know, you learn your lesson You realize that your entries are absolute crap and you're like, what am I doing wrong here? And you realize like well shoot. I'm not following the big money I'm not following the the iceberg orders and what led me to be here to begin with so You know We preach certain things in our class is not just iceberg orders Obviously like court charting principles, you know, we'll focus on the preparation behind trading the market open and the market close So there's a lot more to it than that, but to learn from this guy that guy You know, I would find your groove and once you find your groove Stick with it from that point. Don't try and dip your hand in other pots All right Phil's saying josh you've been using the fibonacci's lately. Please explain your use and buying or selling So that's been more in relation to swing trading. Um, it's not as often that I'll use it for day trading phil I could go over one use of it that I had today. I deleted the the fibs from my chart But I plopped it up quickly just to see Actually, we'll see how the levels played out because I don't remember exactly how it played out So let me just go to the trade. It was one of the big pops from this morning Yeah, it was the kprx Now Again, I don't want to go too much into indicator talk right now because I don't use this too much But you know with fibonacci's I would say that Extremely situational if you don't see a really good opportunity to use it Then simply put Don't Don't force it that that's just what I tell myself if I'm having trouble. All right, don't force it So here I Saw a good opportunity to use it I what I did was that basically went from the close from yesterday and I went to the top here And over time this was holding pretty well. Oh actually at first. Pardon me I did it from this one initially and that's where I was commenting phil early in the morning here in pre market That five was not just a whole number level But it was actually a pretty strong fib level for this trade I'm going to do a little copy and paste here for all this insider live trading room at least I just did that right now You'll see the chat that I made from 735 this morning kprx is a or at five is a whole number Also a fib level for this trade holding well for now pretty interesting. It did for a little while there Now eventually it broke a new high So I I would have to like shift it here to represent like the the bottom to top here on the retracement So I would use these lines to try and follow this trade for after the open So what happens here? Got choppy around this here for a while I would kind of focus more on the 50 percent and probably even lower than that like the 61.8 As your bigger levels So 448 450 right here and then below that like 420 419 But you know, this was easier for me to use it because you had a pretty clear bottom And you had a pretty clear top when you don't have a clear bottom and top It makes it a lot harder for you to try and use it so to force it again icebergs above all folks Following the big money looking at big prints on time and sales big dots on book map icebergs It's always going to take precedence and carry more weight to me than anything else again I learned it with fibs. I've learned it with moving averages. I've learned it with mac d rsi I've learned it with all these little things. I try and study um on my own ends And you know at first you learn the hard way again because you fall in love with those strategies at first because you think it's the holy grail to compliment icebergs, but without having actual respectable experience using it You're not going to know when to get out of trades when you should and you're going to mess up So that's where I say until you master following the big money and what we preach in class more than anything I would not suggest for you to try and dip your hand in all these pots. That's all I've lost enough money myself doing that for you. So Bell says is the one year chart a c where The previous resistance or support or six months chart is okay, too So I to kind of answer that as best as I can there I don't know why this is converting to a one minute there. I should have been there we go So, uh, you know, basically bell, I'll look at like a daily chart. I'll look at a weekly chart. I'll look at a monthly chart basically meaning where the candles of each Or the candles on the chart represent one day one week one month But I can go back a number of months and years here on this kprx if I need to You know, for instance, if there's a stock breaking all-time highs I'm not going to know if it's breaking all-time highs until I go back on all the historical charting So if I need to go back as far as I need to then I will I'll primarily use a daily chart to do that though where one candle represents one day But when it comes to setting up my mornings I'll often use this as well the weekly chart or even monthly if I need to Now with that this can be a good example so I'll plot my regular chart here coming up for you in a moment I'll show you the exact levels that I took the time to plot here this morning on this kprx But I'm going to show you the daily chart first or the weekly for that matter pardon me notice that You know, we're not looking at this here. We're looking kind of where my cursor is Let's try and like pluck a historical level You know see where there's like a historical Level because this is like from the last year or so right last six or so months Well, let's just try So right there Notice it bottomed out here and here and here Basically at that line basically at Um, well 560 it is 560. I think Yeah, just about 560 or so right just about I'll move that up a little bit right there perfect held above it here And then on this weekly candle it smashed under support When a stock breaks below support folks and it tanks from it support should initially become what? Now this is where I say at least the more that we're here The more that we're in traders talk the more that we're watching and taking classes the more that we're just actively watching the screen You're going to be able to apply this much quicker right and react better I mean hey just look how fast everyone answered that question sam ravina joys bell michelle one of our trial members even It's just a basic charting principle. It's like it's like trading 101 looking at a chart You know regardless of uh, you know ctu and how much I want everyone and new students to Follow what we preach to the highest level in class You know if you come in with your own trading experience regardless if you've followed the markets for One year five years or 50 years That's like one of the first rules that you learn with basic charting You know when a stock breaks below support and tanks from it support becomes resistance the floor becomes the ceiling and vice versa So on this trade For the first time that this is moving back up to that historical level past support How could you not think that that would be resistance? So that's at least to kind of just answer ravina like or it takes a bell that is I'm sorry You know, I'll go back as far as I need to it could be years back If I need to if there is more recent relevant price action from like the last six months, then I'll focus on that first I'll focus on the more recent Price action first, but if I need to go back years to do that or months or years to do that absolutely I would All right That one was from back like six months ago at least so that was just more visible from the weekly chart and really stuck pretty nicely so All right, so folks we might be wrapping up traders talk for right now I got to just go through my inbox one last time go through any other questions. I may have missed For any of our new members here keep in mind that we do traders talk inside our live trading room each and every Tuesday morning That is I know that we're doing this on social media here today So I appreciate all of us just joining me here live right now, but we do this workshop each and every Tuesday morning So if you're interested in joining our live trading room, just go right down to the link on the green banner below the stream To get yourself set up for a trial But before we finish up though, let's just kind of do a quick scan around See what else is out there before we wrap up and see if there's any last questions at least that s o u n Unfortunately, you know again and we talked about this The more times that this stabs at this level here You're expecting the support to break so You know you got to watch out the more times it can at least break above it There's a chance for it to get that better reaction and snap up higher above four So going into our afternoon meeting our next stream on youtube and facebook live or social streams there I'll be looking for that You know if this could break back over 380 then i'll look for an entry on it, but Obviously now it's training down pretty nicely. So Um actually coming off the a i trade. How about this? One of my students I was on a coaching call earlier felix. Uh, we actually took that s o u n trade together and it stopped out before Temporarily ran up there without us, but you know the a i trade. I thought this could be interesting We'll check back in collectively on this one as well You could even see the yellow line. I put here myself I was on a coaching call with our student felix and we saw this here on level four So there was a pretty big iceberg. I mean it was there still there right now at 24 bucks But there was one here 24.04 pretty big as well in size So that should be pretty significant as a support. We were focused on that going into traders talk Uh, I didn't mention it verbally in traders talk until now But you know, we were writing about that in the chat board and then now at this point with it breaking the lower It only leads me to believe that we'll see this come down to 24 at least but why this line? I mean I put this line here What's that to do with so I actually went back on book map a number of days back back to friday's trading and You know pretty interesting This order was here the whole time It generated a really good support afterwards, you know this 22 23 000 share order It was roughly off of 23 88. I think that price is Maybe 23 85. I'll move it down a few pennies actually, but right here, you know, it was from friday. It held so well It's just a potential support to complement the 24 level if anything. So it's really the 23 85 level right here that i'm going to focus on for a potential bounce on this trade It's dropping off pretty steadily. So I would look for this range collectively to act as support And we'll see where this trade can go alongside the uh, so un all right From dan so un is voice ai think about entering a trade with your voice. Ooh, that's pretty interesting. How about that? Think about that. I'll look more into that dan appreciate the the heads up there Right now as far as any movers that are trending upward actually I mean right now I haven't tapped into with the spy of recent so looks like the market's been moving up pretty nicely since we Started this workshop a couple of good slingshots perhaps Not on coin base. That's for sure I was expecting coin base to have a nice bounce there clearly not Um a firm I think has earnings this week afrm something to keep an eye on I think for tomorrow Uh, clearly this is trending down. So maybe a little uh Little bearish momentum on this one prior to earnings Man spy was doing pretty well just before you know It's actually up on the day a tiny amount from yesterday's close and it was trending up just before So there's not really a whole lot actually pretty interesting to see Airline and cruise line stocks just really weak right now against the market casino stock like mgm pen national A shop Shopify looks pretty damn weak on the way down to big support at 50 And then that led me to scott right here. I was gonna get to this So I was kind of like doing a circle around to the small caps But yeah, scott with a good call on the bgr. Why this popped up on my benzinga beforehand So this is looking pretty strong. This is something I do want to keep an eye on Berkshire gray ink Don't know the first thing about the company. I doubt it's related to berkshire hathaway I'll just double check to make sure I don't know that though. So either way We'll follow up with this one. It actually looks pretty strong. So I do like it here But otherwise say again ai I'm going to look for 24 and that 23 88 area for a bounce and we'll see where that can go But again for all of a sudden social media facebook live linked in twitter and youtube If you have any other questions that you'd like to send on over feel more than free to shoot me a quick email Josh at c2 trading dot com. I appreciate your participation throughout this workshop here But if you're interested in joining our live trading room Just go right down to the link on the green banner below the stream to get yourself set up to get yourself started I'll be back on later on today at 230. All right folks So we'll catch you up. We'll see where these trades lead us here the ai the bgr y and a couple others For any of us inside the live trading room now if you have any other questions that you'd like to send over my way Certainly You could always email me here But private chat me as well private chat me. I have to get back to a couple of us Jeff tom and mark and a couple more of us. I think even from earlier today I'll chat you folks folks back just in a moment here All right, so again, I'll be back on the mic for all that's coming up later on at 230 talk to you soon