 All right ladies and gentlemen welcome on back here for another fantastic edition of our traders talk workshop our live Q&A Workshop hosted always in the cybergroup trading room and of course I want to welcome all of us joining us today on social media Facebook live in YouTube We typically do this workshop maybe two or three times across the whole calendar year on our social media streams So welcome welcome aboard to everybody for those of you that are unaware of who I am of course I mean who the hell knows who I am right? My name is Josh Levitin. You know who Fausto Puglisi is of course. My name is Josh Levitin I'm the senior instructor here at cyber trading University. I typically moderate our live trading room I conduct two-thirds of our stock trading course here at CTU for anyone joining us for the first time on social media today Welcome aboard if you'd like to ask any questions feel more than free to do so by going right to the Chatboard on YouTube you could ask any questions and as we go through all the chance to go back and just check the chatboard out But otherwise I'm going to type my email address in here in the chatboard below Josh at CTU trading calm after this workshop You could always feel you can always feel more than free to send over any additional questions Any stocks that you would want to talk about review with me on the side right at my email address there Josh at CTU trading calm All right, so for Larry and Kevin Grant Michael Deb Phil Donald John the hundred twenty of us today joining us live inside Cybergroup we have a lot to get to so Let's talk really briefly about this morning in particular and the morning watch list that we ended up putting out Because as we typically do in traders talk We'll have the chance to go over a couple of these stocks for in full from a to z Really break down why we put them on the watch list what we were looking for in the pre-market on those stocks And how they ended up playing out right? I mean listen if every stock moved the exact way that we thought it would work out beginning from pre-market None of us would be here if trading was that easy We just all be mega millionaires right out out on our own private island, right? So unfortunately, that's not the case, but that's to say at least with preparation Should come confidence if you're very good at identifying where the big volume levels are and if you're you know Planning ahead of time then you're not going to be as overwhelmed in the moment You'll be more prepared more confident to not like think about the maybes or the the potential ease Oh, what if the stock tanks after I get in? Oh, no No in the moment you can't think about that. It's not as much thinking as it is doing So what I mean by that is you know based upon jumping into a trade We can't just kick our feet up and assume the stock's gonna run Again if trading was that easy none of us would be here So it's to say as soon as we get into a stock. Hey, we have to manage the trade Where is our line of line in the sand? Where is our next support level in case of for wrong? Where should we set our stops to? All it takes is one losing trade to blow it all right So here at cyber trading University what I teach and of course Fausto down the line as well is More so than anything how to prevent yourself from losing money and we teach that first prior to you learning how to really make money and know You know why a stock is running the way it is. All right. How about this on YouTube today? George M joining us? Welcome aboard George. All right. I will recommend this to my friend for crypto He says perhaps there. So, you know what? We'll talk crypto at the very end. I started this workshop at 11 0 5 So we'll go a little extra today just to make up for any lost time and we'll finish up by going over crypto We have a request on cello CELO. All right, so really quick Let's go right to the morning watch list that we had here today. I'll post it for all of us here live Now Fausto put this out mind you at 9 15 Eastern time this morning 9 13 It shows but ended up putting out relatively a shorter watch list notice that there's not 8 or 10 12 stacks on this list We were contained at first to HLBZ, you know, the ever-so-popular uber Quantum scape QS, which is a stock that we've traded in the trading room previously NNVC a cheapy and then also another cheapy here CEI All right, so just to get something out of out of the way instantly You know because normally the way that I interpret this list here myself Is well, you know, are there any stocks on this list that I do pretty damn well on on a week-to-week basis or day-to-day basis? Unfortunately, there's not really any stock here that we trade every day or maybe CEI the last one there So I'll get to that but then from there it's to say well, what looks like the most active What's making the best move within the pre-market, so I'm actually going to show NNVC here to begin well Unfortunately with this stock NNVC as much as we were all interested in seeing how this stock would perform once the market opened up What 921 Eastern time folks this morning about you know eight minutes after Fausto posted the watch list NNVC got halted Right now normally stocks don't get halted in pre-market, but it's to say they don't get halted from volatility They could still get halted off of news pending if the if an exchange wants to suspend trading entirely They could do so so there is at least news pending on this stock NNVC and that came out or the the halt came in I should say at 921 in the morning. It hasn't been open since so it's just for me to tell you folks Well, I took the time myself to prep this chart up and I was excited to see how this would open up But obviously there's been nothing to show since and you know Maybe later on today or perhaps even in this workshop it might reopen up who knows but unfortunately there was just no trade on the stock right So outside of NNVC the stock I do want to talk about here because you know the HLBZ as crazy as that is and as big of a pop-in run Is that stock made today? I'm I just know from experience I'd say probably about four to five percent of us live inside cyber group We're actually watching this and actively trading it The reason I say that is because most of us are not level five traders as we would look to categorize you in our classes You know most of us are not really making that thousand two thousand plus per day You know traders that are you know very confident to trade a stock that has a fluctuating spread of anywhere between 15 to 30 cents That's what this stock was and still is right now look at it go on level 3 the the matrix here our level 3 program on the far right This is impossible to read Right if you could actively read this order book right now and tell me exactly what's going on then hey You're one step ahead of me, but for as crazy as this is hey We'll put it on the list, but I know that most of us were not as keen to trade it today I'm gonna start off by going over a stock that a lot of us were keen to trade unfortunately It didn't make as good of a move this CEI What I want to do is just skim this over briefly just to kind of show what happened to this stock upon the market Opening up and and what it happened after but really I want to dig into one of the other stocks on our list That was quantum quantum scape QS So that will really be kind of our center of attention at first year, but at first we'll go over the CEI So actually one of our trial members inside cybergroup today Jose S ended up Asking or you know alluding to the fact that it might be setting itself up for a drop-off a short drop on the CEI trade He had made mention of that in pre-market I think it was like perhaps here at the time and all I told him was you know Hey, you know watch the tape watch the program time in sales because you know if we happen to see a lot of selling a lot of red On the time in sales, then you know what that leaves me to ask Well, what if history repeats itself after the market opens? So that's practically what happens right we ended up seeing big support break on this bar roughly off of 167 165 it looks like and then from there just steadily dropped off going into the market open So is it possible for it to pop and run after? Yeah, absolutely It's possible, but the question is well, what if what happens if history repeats itself? What happens after the market opens up after the first three minutes five minutes of this trading? Because we're normally not trading the first one to five minutes upon the market opening We're gonna see some wackier moves shakes and it's gonna trap a lot of us oftentimes And that's exactly what happens here like yeah, it made a small little spike up But once this came back down and practically, you know It made the same exact move that it had made in pre-market where it broke under support at 167 and Once it did that that was it One little blip where it broke above it but came back down and at this point you just know It's not as likely to make anywhere near a good move up So this stock was up about six seven percent in pre-market and it's only up two and a half percent right now Dropped off shortly after the market opens All right, so you know that was a brief one to at least go over unfortunately This CEI trade has been more of a tease than anything, but This QS stock and it's actually still in play live right now as we're talking But this QS stock was also extremely active leading into the market open So what I really want to do is go over this trade in full from A to Z for us here Actually, I'll keep these up for right now But I'll bring up level four I'll bring up the book map program and I'll show you what I was looking for in this trade So on quantum scape here in pre-market Well, you know the stock is moving up pretty nicely at first after 830 But after that point, what's the trend of this stock leading into the market open from? You know 845 or 9 o'clock Eastern time going into the market open Let's not exactly, you know going up across the final 30 to 45 minutes here when that happens If a stock is not really moving upward leading into the open Then I think that we have a little bit more time to see this stock drop or pull back or at least consolidate And then maybe just maybe it won't make its big move later on That's the first thing that stands out to me here. All right. Well, you know aside from that where are our levels? Well, it looks like we had a pretty big iceberg order pretty early on early on in pre-market right off of $23 and 40 cents Goes to show here actually by going back on book map. There was about a 25,000 share order on the ask right at 2340 For all of us live inside cyber group right now over, you know actual students Larry and Kevin and Deb and Grant and Michael and Phil Let me ask you on the time and sales program I'm talking about this program right here where I'm kind of moving this around this program time and sales When we see a big iceberg order on the ask of level 3 get filled like this big 25,000 share iceberg order at 2340 What color pops up on time and sales once that order gets filled Contrary to the selling that we had in red on time and sales for CEI You would look for green right green on time and sales means active buying volume getting filled So for every buyer, there's a seller for every seller. There's a buyer This creates resistance until it gets filled You know the only reason this gets filled is if we have people that are looking to take the shares from the seller If they actually agree to take them if they don't then there's not going to be much of a demand for the price or For for for this order here and the stock might just drop from that price acting as the resistance But early in pre-market it filled the order it even broke above that price again a bit later on So what if history repeats itself? What if after the market opens up this stock ends up breaking back over 2340? Well, I'd like to think should that happen, which again, it's not entirely guaranteed The conditional words of maybe or potentially or if come to quite come in mind here Because once the market opens up if this just drops right away, then you know Obviously, I'd say it's more of a short than a long But I'd be looking for a much lower price level to act as as support as a bounce level So once the market opens up. Oh damn this thing just tanked right? So goes to show that you can't exactly look to Guarantee a stock to move up once the market opens and certainly for this stock here It wasn't really like popping into the open if anything it was more like flat If anything beginning to trend down off the highs here prior to 9 a.m So when the market opens up this thing just completely crapped out But look what happened a bit later on and to just quickly summarize this trade Well, there was a much better level that you could have entered from first and that was actually off of 23 $23 it looks like this ended up providing as a pretty nice bounce level It took a little while to get the gears going here But it looks like it broke higher from 23 and from that point it really took off Now on this trade, I'll be very straightforward with you and tell you that right here at this point I can't tell you that I took this trade I was watching another stock at the time and I ended up missing this move When it broke over 2340 slammed right over this iceberg at 2350 and took off like I was pretty frustrated by that Well folks, this is where I say we can't just you know get too flustered We can't get too emotional with our trading we can't just jump into a trade in between levels because we missed it at first I Mean, you know the way I raised this from from yesterday was that you know Hey, most of us here inside cyber group are semi-retired to retired and I'd asked the question yesterday in class of well You know, hey, how many years were you in the workforce? Like how many years were you busting your ass? Working long days long hours to have the money that you have in your account to begin with and everyone was saying You know 30 years in the workforce 40 years in the workforce Folks I've been with CTU for seven years now, right? If I'm so concerned about losing my money and I've been busting my ass here for like seven years Exactly how concerned should you folks be about losing a ton of money on a trade if you've you've been working this long and much longer than me Right, so that's where I talk about money management. I can't just jump into this trade because it's just going up I have to have a legitimate reason the the only reason I would look to buy a stock is if it's directly breaking through a big level On the way up and unfortunately, I missed my trade here from 23. I missed it my trade from 2340 here when it broke from that price But that's where I'll tell you I ended up jumping in this trade a bit later on It was right from here It ended up dipping down and perhaps you know I could have gotten an even lower if there was a better level that I could have taken the trade from But I waited for this to break back over 2340 notice how well this held under 2340 Goes to show it's a pretty damn strong level, right? And that's the exact same price level that we had big buying from pre-market, right? 2340 right here So what if history repeats itself, you know, hey if this could pull back down I would need to wait for it to break under 2340 and then right back above it Took a you know probably about five minutes for it to do so but right here when it popped over 2340. I got filled at 42 Swift trade up. I ended up getting out on the trade. It was right around 2375 or 2376 Obviously pushed up a little bit higher Now at this point right before I started a coaching session with one of our students Allen, you know what I told myself this The only reason I'm going to buy a stock is if it Directly breaks through a very big level that I prepped for on the way up But to even be more broad and in general than that I'm not gonna buy a stock if I'm not led to believe that it's going to move up to a higher price in a very short amount of time Simply put right like that's the only like Main reason I would ever buy a stock, right? If I'm led to believe it's gonna be at a higher price, you know In a very short time upon me getting it So that's where I say right over here, you know what I took the risk. I waited for this to break under 2350 You know, maybe even 2340 unfortunately, you know, it dropped down to the VWAP here And you know it put it pushed back over 2350 and I ended up jumping back in this trade I got in right from 2353 and I was in for just about like 25 cents again Let some money get off the table there and I got out before it ended up, you know dropping off a bit further here I got somewhere out right around 23 2370 2372 Every trade begins with the entry points. So upon me getting in here I'm extremely hopeful that by you know, maybe 11 o'clock by the time we start traders talk that this could have been breaking over 24 but you know what after I got in and realized, you know what? There's a nasty shake and a pop. Hey, maybe it could fly Unfortunately pulled back and I'm thinking here at this point where my cursor is. Oh, oh, this is kind of a lower High from the real peak, you know, if it ends up dipping back down here This might begin to slump off So I was hopeful upon me getting in for this to be a 50 cent winner if not a lot more But once you realize the lower highs are kicking in and the stock is failing to move up higher You know, it's a very basic line I'm about to bring to all of us here today and you know for if you're joining us in social media for the first time It might seem extremely basic and and you know, just a very simple line or oh, I knew that already Well, if a stock is not breaking higher There's only one other way the stock is gonna go, you know, the chart goes from left to right The stock goes up and down That's all there is to it So if this stock is not going to break out higher right here and pop back up and run up to 24 And if it ends up dropping back down and you know just failing to break higher Folks, you got to learn to fold them. You got to learn to take the profit So are there points on this trade where I could have held on longer or where I could have taken a better profit? Perhaps I mean I not only perhaps the answer is yes, but I was pretty content taking the 20 or 22 cents here Because I had a pretty sweet entry So that's where I say, you know what, you know, it's alright if it didn't go up to 24 make the big grand move I was hoping for it to make, you know upon me getting in I set my stop and it led to a quick 20 to 25 cent profit on A thousand shares 250 bucks That's fun All right, but look what's happening right now live and normally here in traders talk We really do not do live market in scenarios because that's what we kind of go over in class, right? Next week is phase 2 where I'll be more in the live market myself And then the week after is really our advanced class with Fausto Puglisi trading the live market But you know what if this stock is going to begin to perk back up and perhaps break over 2340 again that pre-market level that we had and more so if it breaks over 2350 Well right here if we keep seeing more buying more buying off of 2350 Then I'd easily be led to believe that this stock later on today will have a have a run and test up towards 24 So we'll check back in on this quantum scape trade coming up in just a few minutes But seeing this break over 2350 is encouraging At least for the short-term future for this stock not the immediate future This still might shake around but this is a clue. This is a sign seeing this break over 2350 Well, hey on time and sales. That's more green on the tape, right? By the time this breaks 2350, that's more green more green if we keep seeing more green off that price then Over time I'd be led to believe it's gonna make that run All right, so we covered unfortunately NNVC that was like really a Non-discussion because it got halted eight minutes prior to the market opening up on the CEI trade Unfortunately history repeated itself and we ended up seeing the sell-off You know as the market opened up and that did not lead to any sort of run that led to a big drop Well the QS like we had said before led to a good move There's one other stock I do just want to cover myself and then from there will dip right into the email inbox that I have and go over any questions That you folks had sent over but this stock here CRVS This was not on our morning watch list here today folks This was really the only other stock I was more interested in Personally the reason I say that is because CRVS made a huge run going back into Friday and Friday afternoon It closed extremely strongly and hey it ended up actually popping and breaking higher yesterday going into the afternoon Right, so based off of yesterday's activity Albeit it wasn't on the main special watch list that we put out if you did well on this stock yesterday If you did really well on this stock back on Friday last week I would like to think you'd be more inclined to follow this stock going into the market open if it ain't broke Don't fix it right so on this trade. I'll bring book map up in just a moment But clearly you could see much like the QS trade. I ended up prepping this this chart, you know going into the open I have a lot of lines here, you know 550 in blue six here in blue This yellow line convene conveniently enough. This was actually the very high the day today Why is this line so strong? So I'll cover that with you folks here coming up right now So on CRVS right away, you know, this is where I say I Was interested in this stock going into the open But I was more interested in QS just based off the activity like if I ask, you know What's the trend of this stock going into the market open? There's not really a trend. It's like kind of you know trading within a range It's holding over a support level here right around 549 of all prices 549 to be exact as support 548 I'm sorry 548 acting as a potential support But otherwise there's not like really a respective trend on this stock right before the open All right. Well, it looks like here's a resistance level at 6, you know a bigger order on the ask at least there Bigger order on the bid at 5 or 501, you know whole number of 5 you would respect and I put a line there Let's go back to yesterday's book map You know, this is the book map from yesterday on the CRVS stock So it looks like at least on CRVS We ended up seeing the opening bell print yesterday this big green dot on book map This represents a hundred forty nine a hundred fifty basically thousand share print that was filled right at 498 that was the opening print price yesterday We had our closing bell print yesterday that was right around Hmm, that's not a coincidence. I don't know what would be, you know That closing bell print is exactly at six dollars and seventeen cents, mind you So I'll tell you if you are following this CRVS stock going into the market open Then what you need to do is go back to yesterday's data yesterday's chart and it's to say well Where were the where were the bigger bigger levels and it's not just looking at the iceberg orders the dark orange or red lines Going horizontally on book map that is but it's also looking for the bigger spikes of volume and more so where we had bigger Singular transactions on the tape so it's to say that at the market open at 9 30 at the market close at 4 p.m Eastern time we're gonna see some big Transactions on the tape the bigger the print the more meaningful the price level should be so right now as we're talking Well, there's our breakout this thing's popping up even much higher right now But it's to say that why was this price level such a big resistance? Why was this the top today? It's because right at the market close We had a pretty big transaction of 40,000 share prints that was filled on the tape That's like asking what if there's a 40,000 share iceberg order here on level three Would you not respect that I would So, you know, that's why I kind of draw these lines here on the chart right before the market opens because it gives me much greater Confidence with identifying what could potentially be a very strong level After the open that is All right, so really quick just going back on CRVS here at least CRVS unfortunately pulled back down But again though, it's a clue that was a potential clue for what Pete what could be ahead later on today on the QS trade It ended up failing to break higher, you know pulled back broke under 2350 If we keep seeing this perk back up and breaking above 2350 here then I'd like to think it's only a matter of time So I was kind of foreboding it for warning us here that this might be right place wrong time But either way, this is easily a clue for what's to come ahead And on CRVS you can now easily say the same thing because when a stock breaks through a very very big price level Then I'd like to imagine we're going to get a very big Move shortly after so it's just to say notice this was not an iceberg level per se There was not an orange line on CRVS at six dollars and 17 cents There was not but folks that doesn't mean that it's not a level. I mean again that 617 Acted as the very tippy high of the day simply because that was where we had the closing bell print from yesterday So that's where I say in pre market, you know from 830 going into the market open You know unless if you're of course trading you should be lining up your charts prepping Where are the big iceberg orders? Where were the big prints on the time in sales program? You know the reason I'm harping on 23 50 so much here on qs I mean, certainly it was an iceberg level once the market opened like for example This dark orange line at 23 50. So that creates a huge level at 23 50 already Right an 82 000 share iceberg order. So so clearly that's an iceberg level But the reason I was also harping on 23 50 for this trade Is because right at the market open well This is even much bigger than just the 82 000 there at 23 50, but right at 23 dollars and 47 cents at the market open The quote-unquote opening bell print as I like to call it. It's a 365 000 share transaction I'm going to break out the old calculator here because as good as I may seem to be I I don't know this math off the top of my head folks. I'm going to do 365 688 Times 23 dollars and 47 cents And that tells you that this transaction is as valuable as 8.5 million dollars Pretty damn big right Now that's not one person this year is not one person This is a conglomerate of transactions that were set to be filled at whatever the market open price was So that came out shortly after the open and it was priced at 23 dollars and 47 cents All right, so let me know if you folks have any questions on this trade. I think that uh, you know, it's happening right now, right? So Let me know if you have any additional questions on this Qs trade now that it's clearly running from 23 50. I think that we're going to get our test of 24 in due time All right, so Here I want to go to a question that tied in really well with basically all that I've been covering so far since we started traders talk Uh, this comes in from patrick one of our students inside cyber group He was just simply asking what do you look for in pre market to determine? What stock you think will most likely go in the direction that you predict? Is it the smart money prince? Is it heavy buying slash selling from retail traders at certain levels? So my uh, my umbrella comment is Everything that I had covered there answers patrick's question But to go a step further into it right because he's more asking What stock or what do I look for in pre market to determine what stock? I think will most likely go in the direction I predict so, you know, at least for what I scan for in pre market I could only chart or prep and line up so many of these stocks folks like I can't do it for You know 10 or 12 or 20 stocks. I don't have enough time And and that's me speaking because you know, I always say this in a great way I offer this up to every one of us live inside cyber group and I will right now again I highly encourage you folks to private chat me at 9 a.m. Eastern time You know, hey if you're looking to wonder what what I'm watching right before the market opens I have a list of about six or eight students that do this on a day-to-day basis Um, you know, if you message me at 9 20 Eastern or after I can't guarantee your response because I'm going to be already locked in On my own trading but hey if you if you message me at like 8 50 in the morning 9 o'clock Eastern Maybe a couple minutes after that. I have more than enough time myself to chat to you and say, hey, here's the stocks that I'm looking at but What I'm telling you is that even with that I can only prep up so much, right? So I know that I only try and line or prep up maybe three or four, you know stocks at most going into the market open So let's say for this morning, right this morning in particular I only lined up for stocks this morning. I lined up the nnvc, which unfortunately we know is you know halted the qs trade I ended up lining up the It was qs crvs nnvc and sdc so Crvs you can clearly see I ended up Charting lining up and look at this run right now. There you go And then the other one I ended up charting and lining up with smile direct club Those were the four I didn't chart or line up uber I didn't chart or line up hlbz and you can see on cei, you know, I was interested in that stock, but Um, personally that stock has been more of a tease than um, you know a consistent runner So thankfully I made the right call with not charting the stock, but it's to say though that You can't try and follow eight or 10 or 12 stocks right at 9 30 You're going to overwhelm yourself. You're going to drown yourself with too many stocks that you're watching So I know that with the four that I charted and lined up with sdc With crvs I mean held obviously news came out on qs and with that up as much as it was in pre-market You knew this was going to create some sort of opportunity for us today Maybe a short if it drops off. Maybe a big long opportunity if it's the right time, right? So why try and overwhelm yourself and not try but but but even like why follow why try and follow 6 8 10 12 stocks right at 9 30 You know that this is going to be volatile enough for you You know that you're going to be more than occupied with your time trying to follow this stock I know that if I know that then you should know that right like I mean I say that to myself I have to yank my only shit times and say josh calm down You can't be following too many stocks here right now So to give a long story short for patrick here who had asked, you know, what what do I look for in pre-market to determine What stock I think will most likely go in the direction I predict That answer really should be plural. What's stocks? So I try and line up three to four stocks at most and then from there out of those three or four Well, I'm asking myself. What's the trend of this stock leading into the market open? If the trend is completely down Then I'll tell you I think that we have a little time to prep and see this stock either consolidate or if it ends up completely diving off Then we know what's going to happen after like, you know, unfortunately bkyi I called out in pre-market right at eight o'clock made a great move It was one of the first stocks I wrote down on my notepad. I told myself at 8 15 I said this should be an automatic pick I'm very likely to you know prep and line up this chart But afterwards at nine o'clock. I see it like breaking back down here I see I'm like, wow, we have a lot of selling on this trade. It basically dumped all the way back down So I'm not going to follow this stock at 9 30. It's not really is going to it's not It's more often than not not going to be worth my time Looks like it made for a small bounce So could there have actually been a trade to take on this perhaps But that's where I asked myself. Well, you know, what's the direction of this stock? Leading into the market open from 8 30 or 9 o'clock Leading into 9 30 the final 30 45 minutes or hour prior to the market opening up What is the trend because at that point if the trend is clearly down Well, it's down because we're seeing more selling Stocks go up because we see buying stocks go down because we see selling folks So after the market opens up the question is What if history repeats itself? What if after the market opens up this stock continues to show more selling as it's, you know, testing of support breaking below it More often than not it's going to lead to a continued drop off All right So, um, you know, I don't just stick on one. I try and prep for about three or four And at that point, you know, it's just to say I'm not perfect on on my uh I'm very good at my lining up But I'm not perfect with the sequence in which I go from stock to stock to stock Like for instance for the three or four stocks, I prep and chart What if I turn over to a stock a fraction of a second after it makes a big move I might just be there maybe a fraction of a second afterwards and it runs without me. So Uh, you know, I'm just a human like everyone else is here, right? So as much as I try not to overwhelm myself There are still times where I'm just straight up there at the wrong time The stock already took off without me So I either have to try and react to it and wait for the stock to, you know Make a move to a level that I want to take the trade from or I gotta drop the ego and say, you know what? There's plenty of other fish out there in the sea for me to catch plenty of other opportunities So, you know, what if I miss a move on a stock that I prepped and lined up Then I'll jump to the other three that I prepped and lined up for and see if there's a trade to take From any of the levels that I that I charted Keep in mind folks, if you prep your charts up at eight thirty nine o'clock, you know You you have to be pretty good at identifying where the big levels are But if you are, I mean clearly there's a reason why you put a line there So you have to have confidence within yourself and your own decision making in order to just jump in a trade All right going back to qs here. This thing pulled back down briefly Uh, it's not fully ridden off yet. It doesn't mean that it's going to fully tank I mean, hey, if it holds From where it's at right here or it just holds over 23 50 and then spikes right back up Then that's going to lead to more buying and that can lead to the run up to 24 All right question from Matthias one of our trial members joining us here for this week Do you look for iceberg orders as you prep for this stock? Of course, and that's what we were talking about just before like on qs right on this qs trade And I'm just showing this from book maps perspective because unfortunately we can't rewind back on the pre-market On our platforms But here at $23 and 40 cents. This is pre-market. This is an iceberg order Matthias It was on level three was on the order book. Obviously book map shows it You know on their heat map with a dark red line But with that in mind this right here is a massive order for this stock to break through A 25 plus that was in share order on the ask that was sitting there at 23 40 So that's exactly why I have this line here at 23 40 that was a key level from earlier And now at this point if this stock really wants to run it can't make Lower highs lower lows. So, you know, really this is kind of a do or die situation I feel like on this qs stock right from this point here But even you know as we even analyze this trade from this point forward Well, our next major resistance is an iceberg order. There is an iceberg order on the order book It's a 52.6 thousand share order that's sitting right there 24 So not only is the answer. Yes, I look for iceberg orders as I prep for any stock But the answer is always yes I'm always looking for iceberg orders on the order book in order for for us to identify potential targets Or, you know potential support or resistance levels at least Without book map, you could easily look for iceberg orders by reading the trade station matrix On the right side of my platform here or if you don't have trade station and if you don't have A Broker platform that offers this type of program at least then I would strongly recommend for you to go right to the nasdaq website That's data dot nasdaq.com You know their product is the nasdaq book viewer It's an order book that's very similar to this program here the matrix But it just shows the nasdaq order book in full So that's a great tool if you don't have any program on your platform for that or book map entirely All right, so we keep it going down through the Email inbox that I have here and again for all of us on social media today joining us I appreciate you sticking with me here during this workshop We try and do this maybe two or three times across the calendar year on youtube But uh, if you're interested in joining us live inside our trading room I'll just get this out the way now You can go right down to this link on the banner below To continue the commentary that we have inside our live trading room But otherwise though if you have any questions that you would like to ask me outside of this workshop You could do so by going right to my email address send an email right to josh at c2trading.com Once again, my name is josh levitan. I'm the senior instructor here with fowstow at cyber trading university So hey after this workshop live workshop, you could always continue our conversation and just ask me any questions via email All right, so with our Conversation on iceberg orders. I mean I probably had answered this just you know through discussion But I want to ask a question that davis had emailed me earlier this morning So he was asking in the trading room When a quote-unquote ib order meaning iceberg order is being called out How do I distinguish whether it's a buy? Or a sell to know if it represents support? Or if it represents resistance So i'll tell you I I know I answered this question just before at least you know our last example It's to say this right and to hammer the point home This stock right now is trading currently around or at 23 63 23 64, right? If there is an iceberg order and if it's on the ask of level three like here on this program the matrix If it's on the right side here under ask That would create a resistance If there is an iceberg order and it's on the bid side here, let's say in blue where it says bid Well, that would create a potential support The key word in that sentence is not support or resistance. It's the word potential It's not guaranteed support or resistance. It's potential support or resistance So it's to say that currently live right now We don't really see an iceberg here on either side like right now live There is no clear iceberg order on the bid or no iceberg order showing on the ask At least you know until 24 That means that this stock is like more in a point of indecision a point where it's kind of trading in a smaller range You know, perhaps 2350 could still be support But it's just right now. There's no iceberg order acting as that support level right now So here in this case We need to make sure that we have at least a support level if it's not from level three Then it's at least from past history like these lines are still going to create support But otherwise that's where I showed on book map at least, you know, this dark red line at $24 Well, this will represent the iceberg order that's currently out there It's a 52 000 share order and it's and since it's on the ask and you know, it's just simply above where this stock is trading That's where I say that you know, that is resistance for right now. That's our major top. That's our major resistance level Now when an iceberg order gets filled and this will confuse a couple of us Perhaps, you know, not davis would ask this question Perhaps just one or two of us and if it does, please This is what we talk about all throughout the phase one and two classes when it comes down to our discussion on the time and sales program But it's what we had covered just before for all of our students that said green Well, when an iceberg order on the ask gets filled That's where we see green on the time and sales program Well, green on the time and sales program indicates that the order on the ask got filled Well, no order On the ask is going to get filled unless if there's enough demand for that price So that's where I say if no one buys the 53 000 shares that they're trying to sell at 24 We'll simply put that order doesn't get filled It acts as a top and we're not going to see any sort of green on the time and sales at that price So it's to say at least that when we see a big iceberg order on the ask get wiped out and taken out Well, that's actually what we would call active buying at the time like again here on qs That's where I said well if this breaks back over 2350 and if we keep seeing more green on the time and sales off of 2350 That's where I was led to believe for the stock to run up and so far it's still doing a pretty good job at that Now for every time that an iceberg order on the ask gets wiped out and filled and taken out Does that guarantee that the stock is going to Perfectly run up to the next level No I mean nothing and nothing in trading is guaranteed folks You'd like to think that if a stock breaks above a major iceberg that it has a much greater chance to do that And that is the case But obviously if you look here when this ends up breaking over the iceberg order that was there at 24 There was an 85 plus thousand share order that was sitting there. Well once that order got filled We saw a ton of green On the time and sales program right here Well clearly after it broke over that order it didn't last too long above 24 So that's where I say My best entries to buy a stock are directly or immediately After it breaks through a big level On the way up Well, this is exactly that it breaks through a big level on the way up Can I can I ask a question folks and be truthful with this? If so because that would be you know the best way to review this You know set up here Did anybody here in cybergroup for the 120 of us joining us in our live trading room? Did anyone end up jumping into this stock right after it broke over 24 here? Donald says no, all right If anybody did just you know, let me know you don't need to tell me how you performed on the trade If you'd rather not say that of course, right But I'll tell you if you bought this stock right after it broke over 24 You had the right line of thinking with the entry right now The next sentence that I'll say will kind of sharpen up what you should do right after you get in because Well, my best entries to buy a stock are directly after they break through a level going up a big level going up Well, this is a big level Well shortly after A stock breaks through a big level on the way up We should see a pretty big move Very shortly after a stock breaks through a big level on the way up Very shortly after we should see a pretty big move All right, so if it jumps if it breaks over 24 and we go long what I mean by that is What if that big move Isn't up Well, I'll be the first to tell you it's going to make a big move. All right big move down so It's easy for me to tell you but upon getting into this trade you absolutely have to set your stop Like if you don't set your stop here, that's where you turn, you know a potentially great entry into a nightmare of a trade So hey, I didn't take this myself, but if I did I'd say that was worth the entry It was potentially worth getting in but you know what if it doesn't make the move that we hope for it to make You know, we don't control the stock folks, but don't let the stock control you So like michael said in the chat board, he took it, but he got stopped out. All right You know, it's things taking any loss, right? Like if if this was on a thousand shares and you get stopped out at, you know, 2385 It's a hundred fifty dollar loss like that's not fun taking a hundred fifty dollar loss but You know what? What if this stock Broke back over 24 like right here Well with more buying off that big big level I'd like to think that we just we we'd eventually see a massive run back up to make a new run Perhaps even up to the next iceberg So perhaps this could have been right place wrong time. That's all Well, obviously it was because it held under 24 near flawlessly after actually like exactly flawlessly And and came back down All right Now it's to say though that the more and more buying that we have off of 24 Eventually, I'd be led to believe we'll get our real run Just you folks know because we're going to finish up traders talking about 10 or 12 minutes from right from right now So if you're joining us today on social media and if you're not going to be joining us in our live trading room afterwards Folks do not jump into this trade the first time that it Rebreaks above this line here. Should this stock go back up to 24 the first time that it tests it And if it eventually breaks it the first time I would anticipate the same type of false breakout that you had here Because it's been a damn long time since it even tested that level. I mean it tested 24 right around 10 15 eastern time It's currently 11 54 eastern time That's a long amount of time in this trading world that we live in So that leaves me to tell you that given how far this stock had bounced back up from Right around 22 90 ish to see it make a move all the way back up to 24 I would be more hesitant to anticipate a false breakout at first And then maybe the next time that it shimmies back up to 24 that it will make the real run Exactly like what happens here 2350 right notice it broke 2350 it didn't run right away There was a shimmy they shook around at first and when it rebroke right here That's where it made its move I want to just keep going through my inbox here for right now I got a couple of emails that I know I won't have the chance to get to so I apologize in advance for that But um, I want to answer bob's question. I want to jump into crypto extremely Extremely briefly I say that just because there was a question on one of the cryptos that we were talking about So we'll do a little review on that but from bob. He was asking bob w one of our longtime students inside cyber group He was asking you seem to be watching so many stocks What does your setup look like? So bob I show my setup in class. I actually showed it just yesterday in the phase one stock course We're talking about setting up your computer and platform So I have four monitors that I trade off of right I have one monitor that I use specifically for book map I have one monitor that I use as my main trading platform I have one monitor setup for benzinga pro and then last monitor I have is kind of a combination between just like miscellaneous if it's like my emails or you know another Internet tab if it's like for binance for cryptocurrency Or it might be a multi-stock template. I might have just a template that I have with like four charts a chart for each stock This is where I jump back and of course bob had asked this question at like nine o'clock in the morning So, you know much earlier prior to me kind of screaming to you folks Don't try and follow so many stocks at the same time, right? So again to reiterate that You know even if fowstow puts out a watch list that has eight or ten stocks That does not mean that you need to be following eight or ten stocks So part of my scanning in the morning is like kind of off of book map One thing I will mention is that on my book map monitor here Well, I'll quickly kind of just go from tab to tab and these are all just different stocks that I have populated on my book map So that gives me at least, you know a quicker ability perhaps to just kind of skim through Oh look at rwlk at you know breaking higher right now So like things like that like I'll kind of just you know go through this book map At least for the stocks that I have up in advance, right? So that's one thought but otherwise, um It's based off of just constant scanning the market Benzinga pro has a really excellent Signals page that I use at times to identify stocks that are breaking the highs of the day or lows the day So right now as we turn over to benzinga pro live here Uh, this is the signals page These are all stocks that are real time breaking highs of the day So there is one stock that stands out to us right now folks, right? crvs The second it broke back over six and of course 617 that level Man, that was it. This thing's a monster. All right. Um I can try and give a better detailed answer, but really the time that I uh using class would be the best uh Time for me to kind of answer meaning that you know in the phase two stock course We have specific classes and actually if i'm not mistaken Yeah, coming up next week bob, uh, we're actually doing that exact class preparing to trade the market open It's a two-part series that i'll be teaching next week in the phase two stock course But that will really kind of hammer that point home of how I prep to trade the market open How I kind of maneuver around my trading system once the market does open up and so forth All right, uh from a tiis if you spot niceburg Order on the bid acting as support Do you need to look at the ask column to see if there is a big order for a sell meaning is if there is a resistance So uh to answer that question matias Let's use crvs as just a quick example. So In this case right like i'm going to flip your question around to kind of tailor it towards this trade But what if there is an order on the ask what if there is an iceberg sell order? Do I need to look at the bid column to see if there is a big order to buy at The specific level at the specified level. So what matias is basically asking inversely here is You know, if there is an iceberg order acting as resistance and the stock is moving up towards it Do you need to have an iceberg order on the bid? Right around where the stock is trading at and that answer is going to be no and much more often than not you do not see that If there is like for instance, like, you know, if there's a massive 68,000 share iceberg all of a sudden that pops up here Well, god bless that that's even sweeter. That's like the That's like the icing on the cake, right? So That's what I'll just say when we see orders getting filled Well, that's why we need to read the tape because no stock is going to move up Without there being orders on the ask that are getting taken out Meaning that there's not going to be any sort of movement upward Without there being icebergs on the ask getting wiped out by people that are looking just to take the shares from them There's not going to be any sort of move up without Seeing any sort of, you know, bigger order getting filled and without there seeing a ton of green on the tape So that's what I primarily watch out for when it comes to following the momentum of a stock So it's to say that at least, you know, as this stock was moving up There was clearly an iceberg resistance at seven It ended up holding under it pretty nicely And then from there shortly after it seems like the stock is just so strong it popped right over that price and continued running All right, so lastly here and actually um got one of us on youtube asking and also added the email come in from one of our students John and he was asking about it too So he was asking about the stock the crypto C. E. L. O. He said today you would go over C. E. L. O. It was up 15 Uh last night on its way to $2,000 By january 2nd 2024 now that's john's guess his prediction Um very bullish and that might seem out of the realm of possibility for a lot of us there Uh, but I don't think that that's out of the realm of possibility But let me just pull up this one crypto at first at least for john Uh, george on youtube right now if you're joining us george Is there one that you would want us to go over because every monday wednesday friday? I do the full in-depth review of the positions that we've been tracking obviously bitcoin But also cardano. So those are the two that were most heavily invested in Uh, but if there's one that you would want us to look at before we finish up definitely let me know I'm going to answer john's uh question here on c e l o just to provide a quick analysis on that All right Uh, so let's see here. I like to look at a few charts I mean to each their own but the way I've been kind of uh going through crypto over the last year and a half at this point Is I like to have a few charts that I like to toggle back and forth on the hourly I like to use a six hour chart. I like to use a daily weekly monthly So I don't really keep us in tune with like a one minute five 15 minute chart because there's too much that goes on I'm not day trading crypto folks I'm investing in it and uh, you know, I guess you can kind of stay swing trading it But really it's more just kind of holding on and accumulating just throughout So on c e l o we left off on sello kind of here because one of our students john who had actually emailed me This morning to go over it. He was talking about it the few days before this whole pop happened So we actually made mention of it when it was around like four dollars for 40 ish And then we had this massive spike where it popped all the way up towards like 10 50 11 dollars per per uh per coin And it pulled back down So seems like there was just a lot of choppin movement around since and over the last, you know, a few hours last day and a half Really the stock ended up making a pretty nice move back up, right? So let's take a look here because I don't know if these are all-time highs. I assume for it today This is a daily chart here So on the daily chart, let me pull up. Oh my god here. There's that there's that that No, the 500 is not activated yet But it's to say at least that the 100 EMA the 200 EMA looks like there was a small cross before this spike up Listen, I mean right now It's kind of right back to where we had resistance dating back to last year where it ended up topping off right around 650 ish maybe seven here 725 Was this high from today? 753 so it spiked up to break that high and came back down Eh, I mean right now it might be still in a point of consolidation You still might look to see this consolidate and then pop up higher But otherwise, I mean hey, it wouldn't shock me if it continues to just spike up over time as it did here The chart that I'd be more interested in viewing is not not just the sellout to usd But for anyone tracking crypto you really want to follow the charts that are correlating your coin to bitcoin Like ce l o to bitcoin chart itself So in comparison to bitcoin, I mean obviously showed on the usd chart But ce l o ended up making a pretty nice spike over the last day and a half in comparison to bitcoin So to me if bitcoin is continued to run up over the next three to four months Then perhaps we'll happen to see this either begin to drop back down if bitcoin's going to run up sharper Or if this decides to run up sharper in relation to bitcoin, then we'll see it continue to pop If it breaks the all-time high here, then that's obviously a very very bullish sign on the ce l o If you're looking for a potential support level if you're looking at the sellout of bitcoin chart There is one that I happen to see and that I'll chart for us here It's kind of in relation to the past highs that it had but notice right here. It looks like it was making a top Made the same top here So perhaps if this wants to hold as a support level It'll come down consolidate around this price over time not drop too far off from it But then eventually spike back up and run All right question from george. She's asking can you please look at crypto using book map? Unfortunately, george. We are very we are running extremely thin on time. I'd love to but I got a schedule It's a kind of a coordinate with I got coaching sessions with students all throughout the day Actually running about five minutes late. I told my student I'd be joining late right now, but it's to say that if I had time earlier to load it up. I would Perhaps next time I could do that. I know that with crypto or I know that with book map You can track crypto on it. It's very useful very useful For iceberg orders, right? Now george on youtube is just saying very briefly before we finish up It was before that last comment, but can you check out ethereum and that I will do So, you know with the drop-off in bitcoin that we had over the last day and a half I mean although sello was looking really strong in comparison to it Everything else ended up kind of dropping off pretty sharply ethereum It was one of those two, of course So looks like ethereum is beginning to pull back. This is on a six hour chart Which you know, of course, I find pretty useful So it's to say that ethereum ended ended up pulling back towards the 500 EMA that I have on the six hour graph Essentially ended up holding it perfectly and spiked back up You know just in the midst of the last couple of days So that's a pretty encouraging sign ethereum to bitcoin. Let's take a look So I already charted this this I ended up going over briefly back from friday last week But yeah, I mean for right now ethereum compared to bitcoin still kind of shaking around. This is the 200 EMA on the six hour graph here Perhaps we'll hold this support if it doesn't perhaps this you know horizontal line that I charted if not that Incorrupt in correlation with the 500 EMA here. This could be the next big support otherwise all right Cardano one thing I'll mention it because I showed this yesterday and again monday wednesday friday. I'll do this more than anything but Cardano I charted this and I showed this to you folks just you know less than 24 hours ago With the cardano summit coming up at the end of this week I was expecting a bounce here and I loaded up loaded up more into cardano over the last 24 hours So a nice little bounce on the cardano to bitcoin chart that we have that's all All right, so folks. Whoa. How about this to wrap it up as I was flapping my gums for the last three minutes Uh-oh some big news coming up folks Patrick Roded or he wrote NNVC reopens. Holy smokes. All right. So before we finish up. We'll quickly show NNVC Obviously got halted again. So the stock currently is halted once again. Now this time it's halted from volatility Meaning that you know moved down and up too fast to the point where it got halted Well, it looks like this stock ended up breaking under and then right back over two lines that I had here 485 and 490 You know, I can't say that I would have predicted that by all by any means But with this stock getting halted on the way up now I'd like to think this is a pretty good chance to see this continue to go up across this day So for right now, what we'll do is try and look for any big iceberg orders on this stock It looked like there was an order when this reopened up at 550. There was an order on the ask at like 588 maybe 590 that is Otherwise there was an order at 6 So for right now, let's see. Do I have this set up? I'm gonna draw a line at 588 for right now You can see that I prepped up the nnvc chart like I told you I did Uh, I drew six as a resistance level in advance 588 in particular that seemed to have been a complimentary iceberg level here that could back six up So we'll see what happens. Also when this reopened up when this reopened up folks, look at this big dot on book map That's a 213 000 share transaction. So again, that's like asking. Well, what if there's a 213 000 share iceberg order that pops up You'd have to respect that right Well, that's what I'm saying here. So outside of the orange lines that are showing those are icebergs Well, this was an actual transaction that popped up when this had reopened up from its halt So out of all of these lines that I have here, I'm going to draw one more We're going to finish up and then we'll check back in with this stock during the afternoon meetings So hey for all of us on youtube today joining this special workshop. I appreciate you folks joining Again, once more if you'd like to continue the conversation You can easily do so by going right down to the link on the banner below signing yourself up for a week Long trial inside our live trading room Otherwise, I'll catch back with you folks later on this afternoon I'll be doing the afternoon meeting as always and we'll check back in with this nnvc stock And we're going to see what happens in particular at 5 23 Is this stock going to reopen here shake back down under an over 5 23 and run Or is it going to keep going and popping back up from this point? We'll find out. We'll see what happens here coming up very shortly folks But I appreciate everyone sticking with me here throughout traders talk today for all of us in social media Um, thank you once again for all of us live inside cyber group as always I appreciate you sticking with me and thank you folks For right now, we're going to jump off the microphone in cyber group as I'd said I'll be back on at 2 30 in the afternoon We'll keep the chat going obviously if there's anything else that makes a big move from this point forward Our focus will of course be on be on nnvc If there's anything that we see we'll say something but aside from that folks I'll be back on later today. I'll talk to you all soon. Take care