 All right folks welcome on back here for another fantastic edition of our weekly workshop I'm a cast inside our live trading room and across on social media namely YouTube there Traders talk so great to have all of our students here joining us Abdul Margaret Dave Allen Chuck Marguerite Kathleen and Drea all of us just joining us inside our trading room first And then again if you're on social media right now the handle is at cyber trading you I'll pop that up on the lower left there that you'll see any of our new members joining us on social media today live Or on the recording even just make sure to hit the like or follow subscribe button right there It goes a long way for us But also so you know when we're streaming we do these workshops each and every week But I know we simulcast across the market and inside our trading room each and every weekday Monday through Friday So with that said man, we got a lot to talk about right obviously on the screen right now This stock cgc is pushing up pretty nicely A bunch of trades from earlier this morning that we have the chance to go through and on top of that Well, I'll tell you what I mean the market right now Ain't looking too good You know we pulled back going into a 30 9 o'clock steady downtrend. We've only continued a little bit there since Even here I was elaborating this to our students just in our trading room earlier As far as like a potential gap long-term or mid to long-term like there might be a gap fill here over time So this could be the beginning of a pullback The reason I bring this up is because it goes to show especially on a day like this That we could easily make money on stocks going up, you know, not every stock is following the S&P or the Dow ESN Q whatever you want to focus on as an index or major, you know market mover So, you know just before I had cgc up on the screen. I was going to get to this eventually I I'm still in on this trade right now. It's pushing up pretty nicely up to resistance at 9 There are other trades moving though this one here to a CB this one's pushed up still at this point holding What we have from earlier VV PR, you know pre-market push then after the open It goes to show that as long as you're working together in a team and you have the chance to you know group together Brainstorm together with different stocks. Hell. I'm not watching every stock it you know every minute of every day So I'm always looking at the trading room seeing myself rich Fausto and then our students Andrea Brad Kathleen Grant Leda all our students that have been with CTU for a long time Well, you know, I know that they made good call-out since not just you know the stock making a push But where is there a big level? Where is there a big buyer? Where is there a big seller? So actually, you know, I'll get to some questions that came in just before this workshop started But I'll tell you what no webcam today, right? Don't see the webcam popping up, right? I'm a hot mess hot mess today actually no longer But basically without going much further as small little health scare last week and heading into today I was like freaking out actually this morning overnight. Well all as well Knocking on wood, but you know the hot mess and with that in mind earlier this morning I was a lot more worried than I am now obviously and I didn't really take the time to prep many charts at all I didn't take the time to go through my levels. I was too worked up, you know too much going on in my life Let me ask really quickly Dave Margaret Allen Abdul just all of our students in chat right now You know, hopefully it hasn't happened to you to where there's actually been a major medical issue, right? You know, we pray for everyone's health here You know, there's always scares though has that happened to anybody of late where you know Perhaps there was a bit of a scare You may have had to go to the doctor you're freaking out mentally and it's throwing your psyche off with trading Rose your psyche off from trading, right? A lot of us right Bill wishing you well my friend and all of us of course, you know Margaret Scott So I knew I wasn't alone with that like kind of generally everyone kind of goes through different issues But when it comes to risking money when it comes to making intelligent decisions with our money Well, what do we do? Unfortunately, we're gonna be a little bit more reluctant to take trades because we know that things are off, right? Whether you know, they're actually happening or it's a scare, you know, thankfully all as well but it's to say that there's always going to be something that could throw you off and In that case, I'm not going to be as keen to just jump in a trade to jump in a trade So to stick on VVPR for a moment, I will tell you I was watching this with my student Manny earlier on a coaching call and It is popped and I was looking for a pullback right down to this line Right in this moment here at the time and it just did not make that Stupid under and over and it's not so stupid mind you but you know, I'm a stickler to my rule set and Again, I'll take a trade when I feel most confident about taking it Especially on a day where my psyche is off or I have a lot going on things just kind of boggling in my mind So this I was looking for an entry. It just did not do exactly What I wanted it to do in accordance to my strategy and it just took off without me So that's like an even further, you know kicking, you know, what that's a real big like tease right there This thing flew without me All right, what do we do? What do we do right now? This thing is running up without me now. It's even worse All right, well, it's you know it pretty much rinse and repeat It's a matter of saying hey like, you know, is there another stock that maybe isn't up You know a thousand percent or let alone a hundred fifty percent at the time two hundred percent now 277 percent live right now Well, if there is a stock that's only up 30 percent 20 percent 40 percent compared to this All right, perhaps there's more ground to cover right Now hey really quick. Does that make sense to everybody there? Just that simple like train of thought You know, this is up so much in pre-market not just the trend but percentage-wise you gotta imagine at some point This is gonna pull back so you figure it's probably just best to move on right like figure out a stock That's maybe not up as much right So that's where I'm looking around elsewhere I jump off my coaching call of my student Manny at the time at a 30 log into the trading room and You know, we were looking at this AI and C beforehand before we had jumped off you could see right here I had a level at $4 There was an even better level on this at 380 But point being what I did on this trade at least was I waited I waited a decent chunk And you know it ended up making a nice move here where pushed above $4 I did survive this shake as it pulled back nasty little shake there but it ended up failing to break a lower low and Beaking that nice little push back the next candle So easy to say but that did help me out where it pushed off the level and it made the better move afterwards in pre-market So, you know, it's a matter of seeing hey just $4 you'd figure to be a whole number level But not just that and it did hold pretty nicely at first in pre-market But the more times that we see buying from that level I'd imagine something's got to give right again My popsicle stick references I phrase it in class You know just let's say you have that popsicle stick in between your fingers. You're twisting it. You're bending it You're flicking it you're snapping it Probably not going to break it in one shot But you know the more that you snap it and twist it in whatever you're weakening it, aren't you? Okay, seem to be said with just any horizontal price level I mean honestly any sort of level whether it's a moving average or VWAP line or no trend line even so here Just that $4 horizontal price level first break here It was lackluster it pushed up a little bit, but then it came back down You know failed to make that big move shortly after so the more times it could at least nip this on the way up There's a better chance for that better push. So I was more diligent here waiting for this push I failed to get in from 380. I wish I could say I did that I know a couple of our students maybe Chuck or Alex got in there from 380 More or less once it broke above 4 again I took my entry from there led to still a pretty solid run, right? Ended up getting out is right around 429 430 even Abdul says do you have a hard time getting filled in pre-market? Very good question there that I can just kind of segue towards Yes, and it depends on a couple things, right? Let's say right now not pre-market Let's say right now even just real-time like 1130 in the morning 1115 in the morning For this stock AI and see does it even moving well? Yeah, not really How many shares would you trade at the stock for all of us your life? Maybe a hundred shares maybe 200 shares 500 thousand how many shares would you look to trade at the stock right now? Reason I ask is because you know for a stock that has a thinner order book and larger spread It's gonna be a lot harder to get filled in general regardless of size whether it's 200 shares or a thousand shares So with saying that you know it's a matter of a on larger share size plus being on a thinner order book That's where it's gonna be even that much tougher, right? So in pre-market you're gonna see this type of order book more often compared to you know much tighter spread better liquidity out there Leonard says thinner the volume lower the shares. Yeah, absolutely, and it's not to say that you're not going to get filled It's not to say you're always going to get partially filled. No That actually happens pretty infrequent to me in times or I should say hold on That's it I came up from you know much less often than not it happens to me So it's not as often But it's been known to happen especially on just stocks that have this type of liquidity though It's kind of why I harp to you so often at least focus on stocks that have better order books tighter spreads All right, so you know to at least go back as far as the whole concept of all right. Well, your psyche's off There's obviously something you're messing with your head. Whatever it may be work health family friends Even trading let's say you got your ass kicked the day before and you're still kind of you know feeling pretty down about that throwing you off What do you do? It's a matter of being more restrictive with your strategy and saying okay as long as the stock is making You know a perfect move where it's testing a significant resistance on the way up or on the flip side If it broke above resistance already and ran off of it then perhaps that resistance could initially look to become Support so you know furthermore when the market opens up and you have the chance to put your seatbelt on a lot easier to You know set stops on trades It's going to be easier for you to take entries right so in pre market I still wasn't fully focused the AINC trade got me a small profit But even that took a little while to get going, you know, I missed out on the huge pop on VV PR so I still felt a little like you know not a Discouraged really that's not the word to use but it's to say I missed out on a huge opportunity So you know I still got to realize you know there's gonna be other trades out there But I want to make sure that it matches what I'm looking for in strategy That's it Even this it's easy to say this in hindsight, you know after a stock like this shakes down as nasty as it does We just move on from it pretty much write it off But this resistance line at 560 did flip into support at first didn't it? So if you did have that level set up and you were hyper focused on this trade as it was a you know pulling back At least you know at the time it was approaching that support You could say all right. Well, what if it ends up testing it goes under then over? It's the first time it's testing it right where my cursor is That to me is like a really sound setup, you know, perhaps more of a captain hindsight comment looking at what had happened You know it actually bounced back up pretty nice. You had a good chance to make some you know You know decent money. It didn't continue obviously didn't make the higher high, but it was a good day trade It was a good little bounce off support, right? Now though. Hey, what about other trades that we were calling out from earlier today? Well really after the market opened I was taking some losses and some break evens TPS T was one of the trades that I was More focused on at first, you know kind of going back to at least You know stocks that you're more prepared for I didn't have these lines set actually from earlier today Or from this morning rather I had that from I had these lines from yesterday So these were actually saved overnight from the class I taught yesterday afternoon, you know for all my students like Abdul Who else do we have here that's gold or platinum Scott Dave Lee Allen Bill Roger Alex, you know You were with me in the phase 2 class yesterday So we were talking about a couple of different levels point being you know this TPS T trade of 541 did not hold support here too Nicely it tried I jumped in it stopped me out. I tried again It took me out break even here actually was afterwards it pulled back I washed out profits at this point so break even here But still didn't make the high or high that I wanted right? It happens right but at that point. I'm not just going to jump into other trades just to jump in Let's kind of go back to the drawing board for a quick second Rescan the market mind you Actually a little housekeeping note. You might see my gainers list here kind of all out of sorts That's a little glitch on my platform today. I'm using Then Zynga pros scanners as always just kind of on the side here anyway But you know, I'm always scanning throughout my day and in my morning I'm jumping on a coaching call with one of my students at 1030 and you know at that point You know I had a reschedule actually with my student You know you see had grandchildren come in and of course family comes first me I told him like let's just reschedule I think it's best for you, you know But with that in mind, I'm going back to the drawing board. What's next and I'm seeing ACB This is where we go back to ACB. This is where we go to CGC and This moved up a little bit higher since that's fine. I was kind of expecting it to to a degree But look at this resistance here. It was holding under this area for so long, right? And this is after 1030 like I'd said But it was holding under that level for quite some time, right? It's easy to see I think it's very easy to see that it's not just one little flash pop one little peak No, no, no, it's holding under that area or maybe even just that one-price level What is that 482 481 maybe for like 25 minutes 30 minutes now the question begs why how and Otherwise, where was the actual big volume filled because our whole mantra here at CTU is to follow the big money You know, not only is that a big level maybe on this one-minute chart, but it does show at least on the daily chart, too Hmm little higher 492 495 is right there a few days in a row where we had those tops But where actually was the big volume? That's like the larger question on my mind Now I had enough time here just across the last 20 minutes prior I jumped on my coach and called my student and You know, I saw right here. I'm like, wow, we got some big volume filled at 1007 in the morning You know, it's big buying clearly big green spike. So at what price that's the question Well, I'm gonna ask you what price. Oh, man, this is moving up nice here. That's good Give me a second here. Give me a second here. Give me a second here ECB All right, there we go Let's just do a little bit of That there we go Now there's only one part of this heat map or this whole window actually it's not on the actual heat map portion of it Believe or not, that's my hint. I'll give you but you know, if there's a price level that sticks out that has, you know, big green Spike big buying off of it. What price would you happen to see that be at? Again, it's not on the actual heat map portion of this but What do we got? Fill quick to the punch on 477 Margaret saying 472 Both good answers when you look at this column CVP because both actually stick out nice Now this is where I'll show you look at the column to the right of that though Delta Delta Actually shows the difference between the Red and the green on that candle. Believe it or not are on that price level So it certainly seems as if at 477 we have a lot more green than red do me, right? now I Can really dig into the old-fashioned tape here for you if you want but you know for right now would just kind of keep it simple and I'll put a line at 477 namely here and more or less just the more times it can nip that price You'd like to figure it can make a big move Shortly after you know if we have so much buying there and it keeps testing that price on the way up I'd like to think at least we should get some more decisive reaction then Maybe this is like four pennies on the way up three pennies on the way down if there is that much You know volume filled at that price in general let alone buying you'd figure the move should be up and We should at least see it hold above that price as support So that's where I ended up taking this trade on a CB I got out as like we were starting traders talk as I did like at 511 510 Now that's because my other trades after the market open kind of sucked. It took losses and break evens I went nowhere after 930. I actually gave back most of my profits, you know from from the AINC trade That was a nice one that held me above water at least this Well, this definitely takes me at least back into the profit if not a lot more and then now at this stage I still have the CG say Now the difference rather pardon me the similarities between CGC and ACB or both are within the same sector The reason I'm trading both are because I'm familiar with both You know when when one moves the other tend to tends to move so that's where at least for right now It's actually trying to hold support got to be a little mindful of a break here coming up live Already just kind of nipped under this year at like 873 Yeah, it's pulling back. It might be time to get out on this trade here, too. Let's see 33,000 share print got filled at 855 Give this just a little bit. I don't mind hanging on for a split second longer right now We're still above water here on this trade Yeah, it's some resistance here at 848. Perhaps that could be support as low as yeah, that's fine I'll move my stop up on this trade now Just to basically like 845 844 even It stops me out. I take the money so be it But that's where we take the money and run on one and we try to keep the other just in case if it can make a better move I started to but now at this point We got to manage it manage it a little bit tighter and we'll look to see if this could become support and for this to Move back up. All right, Alex says is your audio disrupted. I don't believe so audio should be good folks Let me know Got your question just in private chat Alex So we'll get to your question just a bit a couple in the main chat as well all good from everybody else and Alex you were good to go too. Nice. All right, Alex said he fixed this issue. All right really quick Let me scroll up. I got some chat that came in from earlier. I just want to make sure I can get to first All right, so How about this we got two different Abdul case how about this there we go nice So we have our gold student Abdul who had asked that earlier and our new trial member Abdul here just mentioning Can you please recommend any strategies or content to me to master book map for scalping? Okay, so You know book map in general might I say and and I mean this like you know We put out some good content ourselves on our YouTube channel here at CTU, you know like for free You know book map themselves has a great channel Fausto and myself are both on there at times to do different webinars with them And they have other you know presenters that you could like poke at I never like to mix and match strategies too much So that's the one thing I'll say there like don't like just like kind of use one like all these different people's strategies But it's just the overall concept of how to use book map all together now That's where I'll tell you though in our classes in our like main Curriculum that we provide like after your trial membership with CTU if you want to become an actual student join us in the phase one stock course I Just came off a class yesterday folks. I'm still kind of in class mode here I got my PowerPoint, but you know actually right here if you see Abdul our trauma trial member here phase one at the bottom class 12 Intro to quote-unquote level four that right there is what we you know nickname book map So that's a whole 60 minute like detailed class that I do in our beginner course the phase one Right tend to go over just how to use the basic principles of it the heat map All the other columns namely the Delta column I even try and hide Not to like hide any information, but you know just really quick note if you're on think or swim You know you have a lot of these tools to your arsenal I don't think that you can get that Delta column perhaps, but outside of that all of these other tools here that you could use All right, so you know if you have further questions on book map all together That's where I'd say just you know you could private chat myself a duel or you could email me on top You know after this workshop later on today, and I'll be more than happy to at least address any other questions. He got there All right, so we jumped a private chat next from a from a man Alex So he says Fausto had a tip this morning. He said three simple tops Very three. Sorry. He said three triple tops. Jeez my dyslexia there If not moving up closely to drop can you confirm that I heard him right? Thanks. All right, so let's repeat that again. I have bad reading skills Fausto had a tip this morning. He said three triple tops if not Moving up likely to drop. Yeah, I mean, it's the same thing as saying, you know the 32nd rule It's the same thing as saying if it's not gonna make a big move in one direction It's gonna make a big move just the opposite way, right? It's the same exact concept. That's all You know that's literally it It's the whole reason behind CgC making a stronger push over time even on this trade here my entry on the stack was off of 832 831 ish even that was a strong iceberg level from earlier this morning. So Who's this area? Who's this area altogether? That's what it was So for myself on this trade there was a bit of an iceberg level here since the market opened up at 836 They got filled On the way up. So, you know green and then we also had some big green here at 833, you know, that's my price where I got in from on this trade So, you know, it took a moment of time before it ended up making the better push But you know more or less if it wasn't going to hold support Then it's more likely to pull back if it's not gonna keep its foot on the gas pedal in terms of Trend in terms of buying even just before, you know, I had a you know manage my trade here at this point And say oh shoot if this ends up failing to you know flip this into support It's pretty strong chart level here. I have you know, it's not just the tippy top that we focus on It's more of the consistent one two three bars right there four five six right there You know, that's that's pretty solid. That's a solid chart top So, you know to kind of just jump back that's where I see even here like hey if this wasn't gonna move back up I'm still not out of the weeds necessarily, you know, I'm gonna profit on this trade regardless if it does pull back more But you know, it's just if it fail to push back up here It's not gonna be a surprise to see it dump back down It's not to say every single stock makes a full-fledged reversal mind you But do we want to give back over profits? No, did I want to give back my profits earlier on TPST? Hell no But better to get out with zero profit and a break-even trade Compared to hanging on to a big fat loser over time hoping and like ah, so you know to even Simplify just to like, you know what you would said, you know that if there's a triple top That's a pretty strong level, right? Again once more CGC like you could just use this Now I will mention that the time in between this test here. What was this at 8 or a 10 0 4 10 0 3 and This level test here at 10 43 There's a lot of time in between that What you want to focus on and this is where we teach this a lot further in our actual classes, but The more times it tests it in a shorter concentration That's where I feel bullish the more times in a shorter concentration So when you think about that it ended up beginning. It's better push from this level at this point. I Was ready in the trade from the 833 835 ish area But you know from this level it provided a great entry even from here It just took an extra nudge that's because you know just it was testing it more frequent in the shorter time zone All right Let's see really quick again from Alex just Asking in pre-market how to trade when stops are not allowed That's also a very good question and again. I'm not just pulling this back up just to be in class mode right now It's just on the top of my mind at least but hey Phase two when you graduate from phase one and move on to the phase two course You know, I do a lot more live market You know, I know that this is kind of live market to a degree traders talk here But I'm not like really doing X's and O's as much as I do in an actual curriculum But you know, this is where in phase two I have a whole class devoted to pre-market class 8 intro to pre-market right here So that's the full 60-minute breakdown on that more or less when you're using When you're trading pre-market, you can't use stop orders That's where you'd have to make sure that you're only using a limit order first But your price level is set a little bit I'm sorry your your limit price is set a little bit lower compared to where the stock is trading at So like even here, let's pretend. This was pre-market here. Let's pretend. This is pre-market Make sure my that's to limit All right, so if I wasn't able to set a stop here, let's say this is pre-market and of course, we know you can't trade Market orders and pre-market you can't set stop orders there Options market is not open. You can't buy your puts or calls there yet Alright, well here what you want to do is to manage this trade to make sure it could hold above 848 as support Well, you'd probably set like a limit price. Let's say like that not that low like 828 maybe even 836 something like that and just have your finger on the sell button That's as much as you could do in terms of you know doing what you would call a manual stop This is where I tell you for anyone that like is trading pre-market. Please make sure two things You know you're that you're trading a stock that has a more liquid order book first because with something like this It's a little bit easier to manage at least it gives you a little bit more to focus on in terms of liquidity and Normally for a stock that is more liquid It's not going to move as fast Comparative to otherwise it's not going to move as chaotic compared to otherwise. So I'm just giving you my thoughts here and it comes from being you know with CTU for 10 years teaching our classes and being a professional trader myself But everyone has a different cup of tea and I don't mean this in a negative way as much But it is true, you know, there are some folks here that that have a more like, you know Riskier personality where they look to take trades on like crazy spreads. I Don't want most students to be doing that because more often than not they lose on those stocks You know, that's kind of why we say that there's like a 90% failure rate rate in trading, right? so with saying that the reason is because people aren't as focused as much on the strategy and Focusing it on liquidity. So for a stock that has a bigger spread. There's more uncertainty behind it And typically when you're trading pre-market at least after 8 o'clock the order book fills in a lot more After even 7 o'clock. There's a chance Because some pre-market brokers open up their trading to retailers at like 7 o'clock. All right Maybe there's something at like 7 15 7 30 there is there could be But when you're out there like 5 in the morning for there is no need for that You know, the only people I actually coach on how to trade at that time are people that are like International overseas in Europe, you know, if they're in Belgium or Germany I got off with a student just yesterday, you know, that lives in Germany here and You know, hey, you're more in the zone because you're not wiping the crust from your eyes that early in the morning You know, it's probably like late morning early afternoon for you then and you're in the zone You're like you're me right now, you know, so that's what I tell you here You're a little bit easier to focus on at that time to trade for pre-market But even as such if our whole philosophy is to focus on the big money And there's not nearly as much big money out there at that time or even a 7 o'clock or at times even 8 o'clock You know, not every stock has a good order book then Then it's best to just kind of be more observant weight trade smaller size anything, you know, you could play around You know, you could you know trade that crazy spread stock, but just do it really for fun That doesn't mean that's high risk if you're trading in on 10 shares, you know You know, if you're doing it on small size that just means that you're doing it for fun And that's okay because you know that you're not going to lose big So that could be one way to kind of wean yourself into, you know Being more comfortable with pre-market trading just to trade a lot smaller size at first knowing that you can't really set stops all together All right, so current time 1137. I want to make sure that we have a Chance to go through some emails and then some other trades just from earlier today from yesterday All right, so Question from question from one of our new trial members, you know, thank you for your email Do you happen to use book map? There we go. We did answer that just before if so, what is the best setup for? They say TS I count that as trade station the broker, which is what I use here That's what you're looking at. But maybe they mean think or swim TOS From a video if I if I had if I have that right, you know Just let me know if trade station or think or swim TS they had said but you know more or less basically trade station here We actually have like files templates. We can email out to you You know think or swim has book map and I would just say contact book map or I'm sorry wrong contact Think or swim contact your broker there and ask about book map then in that case and they'll be able to discuss that with you We'll help you once you become a student really and once you begin to go through our classes We give you as much handholding as possible when you first join us and get you set up on two introductory calls with my With my colleague rich and then from there like three real coaching sessions one-on-one where we have the chance to go over trades that you've taken Go over trades that we're watching together privately So, you know, that's where I have a better chance to kind of break down think or swim trade station altogether either broker But basically book map if you want to just like kind of like a quick little instance of this year I don't mind just kind of going over one or two things right now Even like on CGC you could just see here. This is beginning to pull back seems like the 569 Level might be trying to hold his resistance right now chopping around it This was an iceberg resistance from earlier. It broke under it just before Support got broken through so support should be resistance at first here No surprise Now question is is it gonna flip it and pop again? Or is it just gonna pull back? You know, that's my risk that I'm running right now. You know, I'm in from 833 834 I think you know if it just breaks lower I'll get stopped out And so be it just take smaller profit on the remaining part But you know now at this point, it's just like if this could hold here and get back above this line Then there's a stronger fighting chance for this trade to make a better push later on today Let me ask you right now in the event where this stock ends up making a pop Makes a new high the day, you know makes a new move up What's our major resistance up top? What is our major resistance up top for all of our students here in chat and our trial members here When I say that notice, I'm talking singular not plural. So there is only one price. I want you to answer Should be an easy one all this answering it though in chat already a perfect ten right so You know ten dollars that area, of course will zoom in on it get you in the actual like you know area there But ten seems to be resistance, right? Now here though, this is where things get interesting notice that we had an iceberg order that was like on the sell side all morning here at 941 941 it was about 40,000 shares Now I wouldn't really respect that line too much since it got pulled But how long was it out there for? nearly an hour and a half So that's a long time in this day trading world that we live in is a long-ass time I mean that you know 30 minutes is a long time Why was that order out there? why Now I don't have that answer you don't have that answer don't even try and fathom like just You got to put ourselves in the shoes of a four-year-old at times a five-year-old got my got my lovely nieces Hannah and Eliza and You know they're growing into those that age age range right now, you know why? You know just kind of that curious minds, right? All right. Well, you know we got to put ourselves in those shoes Hannah and Eliza shoes So no why why is this order out there for so long? Well the more this pushes up and if this could pop I will still treat this as potential resistance. I will now Technically there's still about 15,000 shares out there like in between. I guess like you know kind of here Doesn't like look too distinct, but at like 934 ish 933 ish So, you know if this pops, you know, maybe this area in general could act as resistance Let me ask us really quick. It's below ten dollars. So I'll still call it a you know relatively cheap stock What common set of price levels Should we normally focus on anyway for a you know relatively cheaper stock? You know in terms of looking for icebergs what common set of intervals and you know price levels Should we just normally be focused on anyway with right 50 cent level says Sam and then Scott whole number levels, too So, you know, that's why we got ten up top ten dollars, right? But you know as far as like hey, you got this line at 940 on the nose 940 it is I'll respect that Maybe I don't know 15k here. Maybe Well, maybe at 950 There's 18,000 19,000 there So it's more or less for me to say that it's not like ten dollars is just the only resistance level there There's gonna be an area I believe that this will hit resistance if this decides to pop if this just pulls back and so be it, right? Now the key word in those two phrases. I just said the first word there. I said it two times if right Remember how I always say trading is conditional So if the foot's taken off the gas pedal on this run and this does break a lower low All right, I get stopped out. I'm out of the trade and so be it take my money but If it's not going to make this higher low and this better pop up soon enough It's like pulling back now as we're talking if this breaks lower than odds are it's going to keep dropping So there's no guarantees with trading altogether Let's see if this could hold over time and the event that it does Perhaps there is a case that will move up higher later on We'll come back to it probably during our afternoon meeting at 230, but more or less I would still treat this as a Resistance in between from here up towards 10 All right So I'll tell you what that kind of answer that question from my trial member there briefly like I wanted to give you a little something there Right, but otherwise from a to z up and down like honestly You can like try and go through these traders talks as much as humanly possible, but you're probably gonna put in way more effort learning Via traders talks then you would honestly going through our organized full classes So, you know in the phase one class again I went over that just even a week ago or two for everyone live there intro to level four. Oh, okay Here we go. This is a good one. This is one for my student Matt Okay, Josh with the Bitcoin halving coming up Just wanted to get your thoughts just on what's ahead and as far as if there's going to be a very good buying opportunity on the miners Yes, and it's more or less for me to say that the mining companies are not going to be as Direct with bitcoins move we noticed that a month ago. So, you know with like stocks like clsk I mean bitcoin took a huge hit overnight. So we had a nice pull back on bitcoin Maybe I'll show you that graph in a bit But hey clsk definitely reacting with bitcoin with that down drop here today It's more or less to say like a month ago This had a nasty pullback or a few weeks ago nasty pullback and bitcoin was holding bitcoin was perfect It was moving up higher over time So that's where it leaves a bad taste in your mouth to try and expect strong correlation very strong correlation On a stronger move on bitcoin, you should expect at least a decent reaction with it but At least from a month ago or a few weeks back It's going to lead me to say If you're going to try and focus on bitcoin, I would say buy bitcoin or otherwise if you're not going to buy bitcoin Coinbase likely will have a better correlation with bitcoin otherwise. Just go to the ETFs ibit Let me just show you right now ibit blackrock bitcoin etf And I'll compare this actually with the Bitcoin graph I have up live right now It's a five-minute chart. Let me go to one minute Is this delayed? No, it's live. Okay, good 9 30 Yeah, it looks pretty similar to me. Look at that move You could generally see this is a very strongly correlated move these two, right Now to anyone in the know this should be no surprise, right? Just blackrock owns I don't even know the number but in the 30s of thousands I'd imagine if not much more in terms of actual bitcoin So, you know, they're probably going to acquire more and more over time more and more funds pouring into these ETFs all together So that's where you're going to see some good relation between bitcoin itself And these ETFs ibit is the one that I focus on though. So at least this is still not too expensive It's a good one to definitely try and you know look for on a swing trade long term All right, but you know bitcoin altogether. Yeah, we're going to pull back no surprise and here's my thoughts on this really It's no surprise to me. So Anyone ever hear the the phrase in our trading room if you're not familiar with crypto It is a okay, but for anyone in our trading room if you're ever familiar with the phrase buy the rumor sell the news right Now that's not going to happen here in crypto We're not going to have like a bear market. It's not going to drop like all the way back down and that's my strong belief I'd be shocked if that were to happen That's not going to happen here, but in terms of this bitcoin having event happening Uh in two weeks and like 13 days, I guess it is right calling it 13 days My thought at least was well, you're probably going to have some people sell off to try and shake like all the newbies out All the people that like just expect it to pop up perfectly once this big bitcoin event happens this having event So You know, you can go back it did pop up pretty quickly after each previous Having event there's been like three or four in the past, you know, 12 years So that's where like cyclically it leads to a very strong bull market So i'm long term on this, you know that but that's where at least short term very short term immediate term when this bitcoin having event happens It would not shock me to have this pulled back Try and do like a false break of support to stop a bunch of people out Probably sweep out a ton of liquidity on the buy side People look like real jerks knowing that they you know got their orders liquidated Uh people that look like real, you know greedy jerks knowing that they bought at the very top And then after that drop big squeeze Up that's my prediction. I don't know if I'll be right or wrong on that, but it's better to be safe than sorry So, you know, I've been buying over time really since mid to late january when I told you off of like 395 here Broke under and over that exact price and bam Well now at this point you see a distinct lower high on the bitcoin daily chart, right lower high All right, well lower high might equate to a double bottom at least maybe a test of support again So I think I have these up just from my like previous like kind of research here My charting just kind of this bottom here first this candle then this one held So around 60,000 could be a nice support level to watch out for as low as Uh, it's at 65 now. So, you know, maybe even by the end of this week, we could see it make that test Um, you know, it's a pretty strong drop today. So if it's not going to try and make that high or high It's more likely to try and retest the support Right. So that's all I'm focused on there for the time being and that would kind of align up with that whole having event Happening within the next few weeks or a couple weeks I think probably it'd be about like six weeks in my opinion before you get that real rally that everyone would expect 68 weeks All right, so I will tell you folks. Uh, that's all I got as far as emails or chats So if there are any other questions or stocks you'd want me to look at here before we finish up Let me know unfortunately I'll just see what so here on bottom right got taken out That's stopped out on cgc here. So if this ends up popping back up for us just afterwards I'll try and jump back in if it looks good. I have no need to just yet So right now it seems like this is pulling back now at the stage You know, maybe if it makes one more push later on we'll focus on it, but At least for the time being it was a decent move ACB even here this stock the other like pot stock we were talking about You know just more or less new iceberg seller popping up here at 525 So in accordance to cgc dropping back a little bit wouldn't shock me if we end up getting more of a pull back over time on this one here Bouncing back up for now. That's fine We'll see if this ends up holding support coming up later on if so then we'll try and look for that 940-ish area If not, then so be it. That's kind of my thought All right, folks again last call if there's anything else looking good up down left right That you'd want me to look at here call out just before we finish up Vvpr this thing's done Oh, Irene, this was a nice trade from yesterday a nice little push Had some huge volume filled at 625 and that's 635 for this trade It was more like throughout the morning that that it ended up running But going into the afternoon and we ended up seeing big volume traded at those two prices Well, I wonder why look what happened just early in the morning. It pulled back below those levels Uh, they were red to begin with So we would nickname red this selling maybe somebody new And you know with that in mind, this is a bitcoin stock also So the overnight drop on on bitcoin this miner ended up pulling back quite a bit You know more and more selling came into the afternoon, but perhaps it was the con before the storm Didn't even come close to this as resistance But I'd expect this to hold as a top year over time, you know kind of went up towards 620-ish 621 And then just made that pull back All right, so folks Hey, we're going to finish up for the time being going to jump on to a couple more coaching calls one on one throughout my afternoon 12 o'clock 12 30 one actually throughout my day I'll be back on the stick here at 2 30 eastern for the afternoon meeting And then uh, you know at least from there we got the full afternoon heading into the close all together So for all of a sudden youtube facebook live all of a sudden top, you know a couple things first and foremost I appreciate everyone just joining us all together here each and every uh Tuesday morning at 11 o'clock Just if you're interested in continuing a couple of options If you're not followed or subscribed to our youtube our youtube channel just yet Just uh bottom left right there still sticking up at cyber treating you just make sure to follow us on youtube Namely that's where we're hosting all of our education and videos alike But if you're interested in taking the next step joining us inside our live trading room with our students brad kathleen john grant michael Everyone there right now Just get that qr code on the top left with your phone with your camera If you're not as fancy with your phone or your camera no sweat actually scrolling on the bottom right there You got the old-fashioned hyperlink there uh ctu.co forward slash trial You could just type that in there on your address bar takes you to a nice landing page gets you signed up for a week Long trial to our live trading room, but that is where we'll continue our commentary at least throughout the duration of this day So you know for all of us there alive I'll be back on the stick like i'd said just this afternoon at 2 30 and we'll talk from then take care