 All right, good morning cyber traders welcome on back here for another fantastic edition of our weekly workshop here traders talk Top of the month to all of us here live joining us here this Tuesday, August 1st We have Mark joining us here Ira Charles. We got Patrick. We got a full house today. Belle Manuel Ryan Grant great to see as always Wayne John a special shout out perhaps if he's here even if he's not Special shout out to Bill Ireland perhaps joining us on social media either way if not our live trading room wishing him Well if anything but great to have all of our students and members here right now otherwise and great to have all of our members back On social media joining us right now. Hey, welcome to traders talk if you're a new here We conduct this workshop in full inside or live trading room So if you wanted to get the full edition of this just go right down to the link on the banner below If you're joining us on stream and in fact and otherwise I'll pop that QR code up right now on top So just if you're fancy with that phone just scan that QR code here But there is a lot to dig into here this morning So with that let me ask us for all of us here right now What do you want to start? Traders talk off with I want to toss it to Margaret or Yehuda or Ryan or John or Brian or Mark What do you want to start traders talk off with? We got a couple questions to go through here that students that sent in right? I saw Ryan send over a nice detailed email earlier. I got a question from Mark I think from Lori to and perhaps on top Joyce got one from Joyce So there's a lot of questions to go through but what stock do you want to start off with I? Wasn't necessarily funnelling us Brian to say my options trade But you know if you if you want to go over the options trade from earlier we could certainly do that Little sarcasm with that of course I was leading it to that But of course we'll start though otherwise on yell yell is up on the screen right now I traded yell earlier in the morning, but I left a ton of money on the table I was not expecting this to make the such a big Continuated move that it made back from yesterday so to see a stock go from what like 70 cents up to near two bucks yesterday That's an enormous run to start so of course we've seen stocks that make bigger moves over time But you don't want to get spoiled you don't want to get greedy and spoiled right? That's how you blow up a trade now that said this was up in pre-market It was shaking around a little bit in pre-market, but it was active enough to where we wanted to focus on it for the opening Bell so it wasn't on our main list, but it was on thousands B list and as soon as the thing popped at first We were calling it out all of us inside our chat board here So actually let me just type inside the cyber group room here really briefly get the first call out this morning on yell Technically they were as early as 746 Eastern time I was for pre-market trading early in the morning, then you would see it 746 We were writing yell is pushing back up towards yesterday's closing price at 176 so let me ask for all of us here inside the cyber group room perhaps Let me just ask you was anyone here in the phase 2 class from this past week the phase 2 stock course class from this past week technically for the month of July right Well yell ran yesterday We could certainly go over the move that it made yesterday But let's even just start off with yesterday's closing bell price at the end of the day yesterday The closing bell print was at the price 176 So that should create a bit of a level to work off of heading into the next day The question is like how big is the level? So let me just try and pull this up for us here right at the close. It was about 60,000 shares I'm gonna show you right now from book map on our level 4 screen here. It's about 60,000 shares Filled at 176 Okay, well, you know, hey, don't get me wrong here 69 70,000 shares on the offer at 170 There is a lot even further up top at 2 which you would expect but don't discount 176 so I think it was rich that would that made that call out early this morning That was as early as 746 Eastern time It didn't make that breakout right then and there But if you're in the chat board and you see that there and you know that yell ran yesterday You start to get pretty excited you get start to get pretty interested But for the first test of that price, I would expect resistance So initially prior to the open it moved up there. It broke over it, but then it pulled back under it, right? All right We'll really quick little pop quiz for all of us here in that phase 2 class even phase 1 where we introduced the tape time and sales to you What color comes up on time and sales folks when a stock is moving up when a stock is running upward predominantly Ryan says green mark says green joy says green. We all should say green right well What do we nickname green as I mean hey when a stock is moving up primarily? Why is it moving up because people are buying it right Ryan? So with that said even though it shook under that price prior to the opening bell here Well, the fact that broke above it to start shows initial buying interest So from that point, of course, we know it happened after the opening bell It just ran right over that price again. It broke over to there was no looking back at the time got halted, right? So you might ask yourself Man this just popped again. It's up so much already and that was when it was at like two ten two fifteen this year when it got halted at first Well, how could you trade a stock that's already up as much as that? You know, perhaps it's gonna pull back perhaps that's the end of the move entirely You know, what if it just pops and then dumps off, right? Well again, it's all a matter of focusing on the where the big orders are where the big levels are So again, if you were focused on this trade in the pre-market If you were really looking to follow this for the opening bell today Then you could have easily went to book mat first just to say just to see ready. Let's just start with that practice This is basically what the heat map looked like. I'm gonna delete that green line there This is what the heat map looked like basically right prior to the market opening up So where do we have these dark orange lines that go across the page folks? If you see these dark orange lines stretching across the page Even if it disappears after a point in time, where do you see like the two biggest boldest orange lines? They got there just the ones that are easiest on the eyes not looking for a tricky curve ball answer right now a Lot of us though Ryan mark you hooda all saying and Charles and all of us otherwise saying basically 180 right 180 right there perfect However many shares that is it's about 28,000 29,000 shares early in the morning now that order got pulled but it was out there for a period of time like basically an hour so For as long as it was out there for even though it gets pulled. I respect that price at 180 But otherwise we all sit here and say 230. This was out here since 745 in the morning It was out there across the opening bell basically Now of course it popped it broke out it ran it got halted well at that point Perhaps you could use 230 as a key level to work off of when it reopens up It seems like once it broke over 230 here flew right? Well, let me ask us if you were attending traders talk even I think just last week about seven days ago We were covering this sub topic. Of course We took the time to cover this all throughout the phase two class more of the intermediate class I teach When a stock is halted when it reopens rather What exactly are we looking for once it reopens up immediately upon it reopening up? What should we be watching out for? But it says to wait which I agree you want to wait, sir It's like when the market opens up. In fact, you heard it, right? So how about that? Let's wait the first minute or so when it reopens, but What comes out at the opening bell even it's the same answer, right? It's what a lot of us are saying here in the chat now It's the halt print what I kind of nicknamed the opening halt print It's like basically when the market opens up again for the stock So really quick and getting the time stamp on this when this reopened up Let's see if we ended up calling out the big print at first. There we go rich did in the chat board now If you're on social media right now, I suggest for you to join us inside our live trading room I'm gonna repost this right now for John and Kathleen and ravine and all this right now rich exactly made that post himself Right as it reopened up as soon as yell reopened up. He wrote in the chat board yell print at 224, right? Well, hey, it's for you to recognize that yourself But at worst, you know, you see that in the chat and you say, okay Well, that has to be a clear level to work off of going forward Let's take a look though on book map and I'll show you what it really looked like here Resizing my dots there. All right. So when it reopened up Well, it looks like that iceberg at 230 may have disappeared There's maybe something there at 245. There was something here at 33 and a 43 But it's only there for a very short amount of time. It's not really a substantial amount of time. Those orders are there Now this though, this is the opening halt print. It's at $2 and 24 cents It totals for about 374,000 shares, right now. This is real. This doesn't go away This is not fake. This is legit. So if you're ever wondering like where's the big level I should enter off of Well, of course, there's other prices to focus on hell. This could have pulled back down to two It could have broke under and over from two and then ran There could have been a dynamo entry if it did that It didn't do that though So, you know, it's going to be easy for me to sit here and tell you what a stock did after the fact But it's all a matter of anticipating the the same patterns that we see here in traders talk Each and every week the same patterns that we see in class every time we teach the classes phases one two and three So really your better level to enter off of if you didn't jump in at first was off at 224 So I know a bunch of us were able to jump in on this trade just right over that price I'm probably not even going to be able to get all of them just in the chat there at the time But you know once it rebroke over that level and flew of course, we were all over it myself I thought nick listed earlier. He caught a bunch on it Actually, here we go. Nicholas was in in from 227 got out at 242. He got back in at 254 Andre was in on the options. Wayne had two positions on yell from earlier Chuck was in directly from 224. He got some good money on it And of course, there were plenty of others too from the morning and or even just afterwards Point being is that every trade begins with the entry, right? So before you sit here in this room or sit here on your own and ask Well, why did I not you know take as much on the table or you know, I should have held on longer or I should have set my stop here Before any of that conversation happens, it's a matter of where did you enter the trade from? Right, you know before you hit your target You have to think about sustaining your entry level making sure that your entry level holds So was there a chance that this you know, was there a chance that this may not have worked out the way it did? Of course But every trade begins with the entry point and every entry points derived from a big volume level So actually I want to show this if I can even on the time and sales I did this back in class so a little extra classwork. I'm doing here for you But I'm going to show time and sales right now just to illustrate the opening whole print Let's see if I can get the straight one shot one shot here. Come on now Nope, not one shot. I have to go back probably a few more seconds bear with me here folks My apologies Right there and there we go a second time to charm 224 in red. It's you know regardless of the color of it It's the fact that was at the price 224 a 374 thousand share block print got filled there So if it tanks from there here on this candle or these candles here then, you know, unless of two holds Then it's not looking pretty The fact that it moves back above it again provides that hope and optimism that that it could pop over it And hey, if it could break over it again, then game on then it provides that second chance to try and anticipate that larger move Uh, same thing happened to a great degree just before on Tupperware Uh, really quick. I wasn't necessarily intending on the Tupperware trade really quickly But you know just it popped up in the back of my head. So I want to go over this briefly here I have to lead all my lines for right now. So bear with me Tupperware earlier looked like a disaster And I'm going to show just from book map, but even like the the VWAP price. That's all I want to show Oh, no, pardon me Pardon me. This thing's flying back on up right now. I'm very happy to see this live right now What a pop this is making here But even from earlier, this is it. Jeez. What a move this made from earlier this morning This broke over the VWAP. It broke over the opening print. It made a hell of a start But then let me ask us here for Laurie and Wayne and Al and all of us here inside our live trading room Kath and Lawrence and John and got a trio of johns here right now today So we got john g john dub and john s So, you know for all of us here otherwise when a stack breaks above resistance and flies off of it You'd like to think that resistance would become what? Right every time here support well Clearly this did not hold the support, right? So, you know, of course it invalidated support holding once it crashed under it, but then brutally broke like 30 cents below below that price All right. Well, we wrote this stock off right then and there we said that's it game over move on to another stock And even after the fact I turned back over to this trade After this even happened again. It was after it dumped back down. I told everyone here I'm like, oh man. I look what just happened on top of where I guess I missed it But it tried actually popping back up once more and the same damn reaction happened And now it's bound to break the lows here and just utterly collapse that you know If it didn't die off here Then it it's definitely done for right now game over. That's what I said. I wrote that to you. I said that to you verbally Well much more often than not that's what you're expecting You're expecting for this to break lower lows for this to eventually drop much lower. Let me ask us Looking at the heat map here. Roughly. What's our next big support level looking at this picture? You know under the assumption that this keeps dropping. What's our next big support level? Four bucks So why would you not think with the lower lows and making the same damn reaction here where It probably wouldn't have even thought it would have made this move anyway You would have thought that it would just sink right from this point lower Well, it's definitely bound to do here then right Well, if it fails to make that big reaction down guys and gals if it fails to make that big reaction down here for all of us right now I'd like to think there is hope and optimism that it could provide that chance For that big move that you were looking for up originally like from pre-market So it took a little while And there was another point here where I was a little reluctant of it making that move because I thought it would have Done it sooner at this stage, but it broke back over it once more and then on the re break Through this same level it provided that last chance and that's all you needed So, you know, this really started the run on Tupperware that we were calling out got halted Got halted and then look what happened here pretty similar actually opening halt print at 554 Right there halt print now at first it tried holding it as support it shook around a little bit here Uh really quick math question for all of us wane and grant and danie joining us right now And charles and all of us here karin, etc Focus on the price five dollars and 54 cents Is there a 50 cent level or a whole number level that is very close in price to 554 Is there a 50 cent level or a whole number that is Quite close to the price 554 A lot of us are saying 550 bingo So it's not just 554. That's a level, you know, this is just mere pennies off from 50 cent level if there was an iceberg here, which looks like there was a little guy here just right before the the halt Maybe not so little about 60 000 shares. Okay, I'll take that Well, the fact that that is there it provides an extra level for this to work off of this is a small range to work off of as support And then as resistance here, but it looks like just now Live as we're talking this just smashed right through this again So hey game on there's definitely a great chance for this to run up even higher now But we need to see this now hold the support. Well, we need to see it You know hold the support again So if it can't hold it again, if it can't break higher, then It's bound to make a larger drop off. You have to take this level by level So, you know for any of our new members here, I do want to just jump to something really quick tiny I mentioned it during our audio broadcast from the morning For any of our new members that join us here, you might be a swing trader You might be a long-term investor just have a portfolio work off of that, right? And you might be relatively new to day trading if not perfect But I'm just mentioning if you're new to day trading you might think that holding on to a trade for like 10 minutes 15 minutes is like a scalp Folks that is no scalp. You know that is just I would say a day trade to me A scalp is like within a matter of a minute or like a couple minutes couple seconds at that That is not our cup of tea. You know, we don't try and scalp myself and Fausto But we have to work off the cyber clock just what we teach in class Normally around 10 15 10 30 You tend to see reversals within the market after that point Typically you tend to see more false breakouts and headaches So you would like to be a little bit more patient with re-entering a trade And certainly you don't want to hold on to a trade all throughout the morning into the afternoon Just under the assumption of hope Just hoping it's going to make that move But with that though if you get out on a trade and you leave a little money on the table A as long as you're content with the money that you've already locked up You can't really get like greedy, right? But if the stock provides a chance for you to jump back in if it breaks back over a big level Then don't feel so hesitant to enter. It's easy to say that But I would want you to feel more reactant to jump in as soon as it breaks back over that level You have to set your stock Really quick. We have new members joining us. I'm going to probably keep making the same damn joke every week, folks So bear with me here. It's probably one of my new catchphrases But let me ask us really quickly for manuel and john and charles and kevin and all of us joists and all of us Otherwise got a bunch of emails have to answer here coming up Do you put your seatbelt on when you drive your car? Do you put your seatbelt on Before you leave your driveway or do you put your seatbelt on as your 50 60 80 miles per hour already down the expressway Don't be smart. Tell me give me give me the real answer folks, right before leaving, right as you're pulling out the driveway at worst There's no difference here when you jump in a trade You insta have to set your stop and by insta I mean like just as soon as you get in That's the next step. That's the next step in the instruction book. That is you putting on your seatbelt That is it, right patrick after the crash, right? All right, so with that I think that we all understand the point, right All right, we're getting silly now warren's asking what's a seatbelt? All right. Let's move on. Let's move on So let's jump to some emails right now great great to have mark s back in the fold with us right now mark solely one of our longtime students You know attended our on-site class just our most recent one from this past year and Actually, by the way folks we have our on-site class our trader summit coming up at the end of september You have a couple of seats remaining with that probably a few I'd imagine so just make sure that you talk to your education advisor They'll be able to give you all the travel accommodations and just information and details with that some live workshops Included alongside just the trading with thouston myself But with that though mark great to have mark back in the fold here mark asking Working on some more group time and I hear you talking about options more I wasn't necessarily trying to segue right to my options trade brian, but with mark's question How can we not my question is mark says Why would you go long a call or short a put when it has to go in a particular direction? If you're a writer meaning a seller of a call or put you have the option of just going sideways or in the opposite direction Of the option sold There's more to it in this email But really just to kind of simplify it just to you know let everyone know about six No, nice about three months ago. I started dipping myself into options opened up a smaller account for my day trading I just put some money towards my options account here and I just started dipping into it You know hey for some more expensive stocks You could at least trade the option on it the premium of the put or the call and that's simply what I do That is all that I do I I buy puts and calls mainly calls Just as I lean more towards the upmarket. So, you know at that that's all I'm doing mark I don't know anything as far as debit and credit spreads. I don't know anything about the betas and betas and Greeks and any of that Um, you know that that's all now with that though I don't want to just give that to you as my answer But in terms of at least translating how we follow options with the stocks that we're calling out That can give us a little good insight as far as what I was looking for on a few positions from today So for instance really quickly, let's say on Tupperware This is a position that I'm still holding right now now on this trade as it was beginning to build out off the 480 I attempted the entry. So let me get you my entry on the options trade of this I'll tell you what my trade manager is a freaking mess right now. So Give me a quick sec. I gotta make sure I get all my time stamps here. Correct right now All right, so I ended up getting in on Tupperware options. The time was at 956 and however many seconds, but it was right around the price like 60 cents or so But more or less it was as it was beginning to perk back up, right? It was as it was pulling back and trying to squeeze back up here Well, of course if this ends up failing to make this move back up Only have to get out because although today is Tuesday and time technically could be on our side If you're doing a weekly option, which is mainly where I touch It's the fact that If your strike price is further away from where it's being traded at there's much higher risk So if this snaps down and your strike price is five bucks or if it's 550 Then the premium is going to drop off a lot. So you got to be really tight to get out On a stock that has more illiquid options where the spread's bigger. It's going to be a lot tougher to like set stops So, you know in terms of actually trading options with our stock holdouts That's something I would really want to work with you on just as far not marketing specifically just the student themselves You know just as far as just tightening up your stops and knowing where to set them if anything With that at least on this trade. I set my strike price for 550. So it was a little further out I had hoped to see this try and recover and move back up Especially with it failing to break lower here initially I was thinking okay, there was a chance that this could really look to try and push up higher It was pushing up early in pre-market. So, you know, maybe if I did it at five bucks, there would have been more How do you say? Maybe I would have had more calculated risk with going a smaller strike price lower strike price there So either way the fact that this didn't break lower was a great sign The fact that it's moving up much higher now, of course right now We're doing pretty good on the option. So as far as at least the profitability in terms of trading the option right now It's basically trading at a dollar the 550 calls it's basically trading at 95 cents a dollar right now, but Even right now, I mean hey if I were to trade this on a Thursday There's much higher risk in terms of time decay. So in terms of the expiration time left Any big shake could be brutal. So I try and even go the next week out I've learned with trading options if I'm doing Thursday or Friday trades All right, so that's a little insight at least with options But let me get more to the AMSC because I know Brian was looking to go into that here with me and That was an options trade as well is an options trade I might say I got out on half the position as soon as the market opened up and then the second half I'm still in on So AMSC what the hell happened to this stock this morning folks? I mean jeez at four o'clock this spiked all the way up to like 24 bucks and then pulled back So The first thing that I'll say is on this type of trade is I was not expecting this to make this exact move At that exact time, you know AMSC is a stock from yesterday that we were calling out if you look back on yesterday's chats There were about probably nine or ten separate public main chats about this damn stock Now the reason for that is because I was led to believe that there was some unusual options activity on it already It was pushing up already to start from last week. There is some hype on it with being what's called a super conductor stock Honestly between you and myself if you're on social media gets to know myself a little bit better It's a bunch of shit above my pay grade I don't know really much at all about super conductors and quantum and all of that You know energy type of discussion Perhaps I should but all I know is that it's the next hot topic like AI was So This is really one of the only major ones that is within that kind of industry. There's the super conductor industry I think there was one otherwise from this past week or the last two weeks actually that was tagged with it But I didn't realize that it was tagged with it until like I think yesterday Io and q I think that this is also a type of quantum or super conductor type of stock Qs is one also But not having a strong of a day today at least but amse it's lower Float it's smaller market cap Potentially that can lead to a more explosive move, right? Well, I thought that this had the potential to make a reaction like this over a much longer period of time On this trade when I went to look yesterday there weren't weekly options on this really it's monthly options So august 18th is the nearest expiration date that you got for this and back yesterday when it was trading at $10 It was going for like 75 cents for $15 calls That's what it was going for yesterday on it So my strike price was pretty far out because I was very bullish on the thought It could have been $12 strike price could have been 13. It was a little further out There's higher risk with it, but I got a cheaper premium just with that in mind It was about a few weeks away. So there's time on it not like it's expiring this week All right. Well, you know, hey, I wake up this morning at 4 a.m. During my normal insomnia hours I couldn't go to sleep really much at all last night Um actually signed up for jiu-jitsu class yesterday, believe it or not and the combat sports fan myself And I got my ass handed to me yesterday on day one in brazilian jiu-jitsu class So I was sore. I was tired and man I woke up at uh four in the morning just suddenly and I said, okay, let me check my positions I checked till ray at first till ray was trading at 250. I got out on this trade already from the morning I took like a minus $10 loss on it. So be it My qs at the time wasn't going much of anywhere. I was chopping around on light volume And then the last stock I checked was amse. Can you imagine is that of like the three stocks you check? This is the last one and then it's up like 48 percent and busting over 15 bucks in the morning I'm like what on earth is happening here. Are you freaking kidding me? So I think there was some earnings involved with this on top that obviously could have led to the unusual options activity prior It goes to show that the big money typically knows right Well the thing with options is that you cannot get out on options in pre-market Maybe for select tickers like spy you could trade it prior to the open, but when this was at 24 bucks I knew I couldn't get out. So I'm sitting there like shit I really hope this doesn't dump back down again like if this dumps back down to 15 It would be a little discouraging and of course that's what happened it pulled back So if you know when the market opened up at 9 30, I got out instantly on half the position And then the second half right now I still just have just to see because it's I mean obviously deep in the money And still above my strike price, but you know otherwise on this amse trade Well, where were the best levels that you could have traded the stock? You know, where are the big money levels that you could have traded the stock off of made such a big pop And then from there just gradually pulled back So what i'm about to go over on this trade really quickly doesn't have as much to do with the big money it does but Let's dip into a little indicator talk. Why not right anyone here familiar with Fibonacci's I don't use Fibonacci's often at all, but only under this type of circumstance. Do I So this popped and then it pulled back all before eight o'clock even hit So it's a clear bottom which was built basically from the close yesterday where it was trading And then the top right here, right? So What a Fibonacci does retracement what it does is it essentially creates these levels that are set apart from each other based off the Fibonacci sequence Does anyone here remember from earlier this morning when I was calling out amsc off 1350 looking for a bounce Anyone here for that earlier this morning? I was calling it out off 1350 So the more it pulled back I was really jonesing for this to hold because I needed it to for my own personal sake for the second half of my position So obviously it's easy to say it worked out, but the more it drops. Well, that was my next fib level Well, it made my perfect move folks. It broke under the fib. It broke back over the fib Entry run So this could have been a great spot to jump in on this if you weren't already in from yesterday, perhaps But, you know from there made a beautiful move up to the $15 level $5 price like this $15 You know that should be a key psychological level to start and if there was big volume there Anyway to back it up then even better So it had a tough time breaking 15 breaking breaking breaking then finally here as we're doing traders talk live Just rebroken so nice trade now on this amsc again. It's basically right back on up to its opening bell print All right, so you got the opening bell print right now on amsc at 16 bucks So obviously we'd want to see it hold above that or just rip off of it There is a chance right now. I can get halted pretty soon with this with the pace. It's popping at See the thing in pre-market is that on this trade when it was running up as fast as it was There's no halts in pre-market. So this could have went to 50 bucks perhaps, right? It wasn't able to fall back asleep once I saw this at four in the morning. I was like waiting for pre-market to open I was already up before four and I was like, all right may as well check my positions So I waited for damn four o'clock to open up and the ones I saw this I mean, what would you do? I I I would I should have went for a run around the block. I just Couldn't go back to sleep after Um right now just for anyone kind of interested with the option right now. I guess, um I got the $15 calls yesterday at 70 cents And right now it's trading at four dollars and 20 cents. It's on a 30 cent spread So for 20 to 450 is the uh premium right now on that for $15 calls But the thing is though is that on that type of trade It was a smaller position like compared to like the Tupperware trade or Nikola or any of the other day trades We were calling out Even yell if you did the options on that You know, that's going to carry more liquidity to it and it's going to be on a tighter spread Even when yesterday when I traded it it was on like a 10 cent spread So setting a stop in that regard it could be a little troublesome, especially on a more rapid shake All right, so really quick gotta keep going through some emails folks So students like mark joys lori and ryan sent in emails earlier folks early, uh Bird gets the answer there right early questions get the answers at least after I start after I finish rambling So here we are now a couple more questions coming in we had mark and now joys coming in here Going back to yell Joyce is in the yell halt or in yet on yell just before the halt at 221 With a stop with a tight stop loss at 218 when it reopened it did shake her out and she didn't trust the activity So she started to look at just other trades other moves were like r gti and that amsc Uh didn't get profits either And just you know otherwise, how could you more so look to go over or get back in on the yell trade? I think that's what joys is alluding to there with her question So let's at least cover that there again, you know, we covered the 224 price But let's cover the stopout part, you know, if you were in the yell trade from the halt Right when it was at like 224 or whatnot here on this candle There's a bit of a chase to it, right It's simply because it popped up so much off the previous peak off of like 185 or whatever that is 180 ish there And it broke over two so fast If you were in the trade from 215 to 20 even there 224 where it got halted There there was a sense where you chased it, right? So unless if it pops right away and continues running Then it's going to be tougher to manage. That's where a it's going to be normal and easy to get stopped out When it reopens so normal and easy. It's not unusual Especially if you're in from right where it got halted by So It's not to say that you know, hey should you be in the trade to begin with there or not But that's part of the consequence with taking the trade if you're getting in right before the halt That really is just it because what do you do? Do you just set your stop much wider? Well, what happens if it fails to break out higher again and just dumps much lower? You know, you're really going to risk that much money I'm going to look back on that trade and say, ah, I should have made my stop tighter There's always a catch 22 So the thing is is that you need to give the stock a little space if you get stopped out to where you say, okay What was the big level again? Where's the big print? What are the icebergs look like? And once you have that level which in this case was the 224 It's a matter of just watching it more. It's a matter of just keeping your eyes on it You know, what time was it here when it reopened? 942 Okay, so really quick folks. We know that reversal time is let's say 10 30 Let's even undershoot that let's undercut that 10 30 time and say in theory that reversal time is at 10 15 in the morning Okay from 10 15 in the morning Or from let's say from 9 42 in the morning to 10 15. How much time is that? From 9 42 in the morning to 10 15. How much time we got there? I'm just closing out the contract mark at the end of my trades when I'm trading the option I'm never really holding and turning it back into a stock like exercising the option there We got a lot of time point being right like 30 minutes The world is our oyster with 30 minutes folks So what I mean by that is again doesn't mean for you to hold on to a trade that's just dropping and dropping I think that was a great call by Joyce to get stopped out on a tight stop But it's just a matter of hey, let's just give it a little bit more space a little bit more room In terms of seeing what it does after can it break back through a big level on the way up So, you know, hey, you know it from for myself for all my students here Actually, we got a lot of longtime students joining us here and perhaps a couple I see lurking in the shadows I may have not have seen let's say a quick shout out to Keith be in a long time So great to see Keith with us and a lot of us So otherwise that have been with us for a number of years and Hey, there are points where I miss a trade and it runs up right away without me And I am really frustrated right But then there are times where you do see me catch a real big move and runner and it's like wow, how do you get in Folks, I don't catch them all I don't catch every big move again You know, if I leave money on the table and the stock rips right up without me and You know, it's way far away from a level I was focused on and if I feel like I'm chasing I'm not going to jump in There were so many trades today that I missed out on the yell trade I left a lot of money on the table on But um, you know pushed up much higher without me the Nikola trade at first in pre-market I was in with a bunch of us from three bucks I got out at 320 once it pushed up at first took my 22 cents in fact and ran thing just kept going But you know, otherwise though, we're not always going to be perfect It's a matter of being present for the moment though. It's a matter of being aware and present um, you know, if everyone has to or if someone has to Part ways and and you know do something more important with their lives of family health You know anything like that, of course comes first work Whatever it may be you got to step away. So you're not going to be able to be there all day folks Um, you know, if you are at your desk throughout the morning and you definitely have more time Then that's the first step, right? But from there it's a matter of saying, okay. Well, you know what it just shook me out here Let's just give it a little bit more time here. Let's just watch does it collapse and keep dropping? If so throw it away If it is just lingering and lingering and lingering Okay, well, you know, let's find our big level here and let's see what it could do All right going through my inbox right now. Ryan. You're on deck here. Just going to lori first though. So lori um, oh actually more about the uh, not a question about the trades but more about the polls I like this myself and fowlstone now if you're joining us on social media first Again, I'd recommend for you to join us inside our live trading room What you could do is just click that little link on the banner below But also skin that qr code if you're if you're good with your phone there in your camera Join us for a week inside our live trading room We like to post a lot of different polls and survey questions You know just to kind of better know all of our students and for you to know your fellow traders in our room But on top it's just good communication. It keeps things fun and exciting So, you know lori is asking when you put the poll info up on the screen Is it possible to make a sound alerting us that it's up there? So just right away I will say I thought that there was an alert a sound that alerts us there I will double check on that because that was an assumption from me. So I'll double check on that lori right away She says I have the chat open half listening to the talking while focused on my trading screens rightfully so by the way Most of the time, you know, you can't only be focused on the room You have to be focused on your platform folks and your money. So rightfully so from lori She says if there was an alert noise like something that when it gets halted it would get her attention So really quick. I thought that was the case. So I appreciate her sending that question Wayne does say that there is an audible alert So lori perhaps I could have rich just chat you here just um, you know over time today and he could assist with that Let me ask all of us here. Does everyone hear hear The poll alert sound whenever we post a poll is there an alert sound that pops up there? I thought there was I assumed there was A mixed bag though Honestly a mixed bag right now half saying yes. Half saying no All right, well, I'll tell you what rich my friends I'll talk to you on the side about that and then we'll chat just everyone here with an update on that So good heads up from lori on that Roberto asking here just briefly in the chat. Could you revise support and resistance on nikola? Let me get to ryan's question first. Roberto He has sent this just much earlier in the morning and then i'm going to jump right back to the chat for you So let's go to ryan ryan asking here Would you say that most level four traders such as yourself are able to live off profits earned from day trading? Or do many of you still have a second job to assist with expenses? Given the unpredictability of the stock market when trading so first and foremost allow me to say I mean this is just a question that You know to each their own if anyone would like to share more information about themselves Let's say just to be very straightforward if you're someone here That's making like a thousand dollars a day consistently If you would be as this kind to perhaps give a little bit more insight to you know yourself to answer ryan's question here I'm going to give my own insight ryan So, you know, obviously I started here with thouston in 2014 And since well, yeah, could I live off my day trading? Probably especially now over the last two years like honestly the answer is probably Do I like getting a little extra income doing literally the same thing that I would just do otherwise and just trade? Yeah, so I do I do like that. So, you know, it doesn't make much of a difference for myself Aside from the extra money. So it's good. It helps to pay the bills So that is one reason why I still stay here, right? It's just extra income and it helps myself out a lot more Manuel was asking what was your question? So allow me to re-ask Uh, basically ryan's asking, you know, let's say for someone that's consistently profitable. Just, you know, it doesn't matter how much Let's say if you're making 500 or more a day consistently, let's just say Doesn't matter how much from that point forward. Don't list the number Just if you're making 500 or more a day if you could answer this Do you feel like you're able to live off your profits earned from day trading or Specifically for yourself. Do you have a second job that? Assists with expenses given the unpredictability of the stock market man trading Please give realistic examples as a level four day trader as I'm striving towards this goal And I would like to trade full-time. So it's a really great question to ask from ryan It's actually a question that doesn't get asked as often So, you know, I just you know teach their own if you don't want to answer no sweat Uh, barba says she is retired and she's just supplementary Supplementing her income doing this ryan says he has a second job, but he works from home So, you know, perhaps with the hours he works it allows him the ability to multitask or otherwise just put focus on one and then Clock out and focus on the other Mark says he works from home. Yoho to works from home to Ira says he feeds a family on day trading since the mid 80s even with commissions on a 60k account You folks remember yesterday if I ever mentioned that we have some heavy hitters in this room I may have mentioned that even in the morning All right, so, you know bell says working from home Manuel says he has his own business and that's supplemental and I know that just from coaching with Manuel Like there are times where he's not able to be at his desk You know, he might have to like just help like, you know family members that may be out and he has to pick up the slack So I know it's been a hassle on him and he's been killing it and just specific I mean a lot of us have so a big shout out to all of us Perhaps that have answered that but um, you know, just again it goes to show that You could do it to supplement your income, but if you're working from home already Hey, why not stick with that if it doesn't really cause you too much stress and like low quality of life You know, if you're working 60 hours a week and you're day trading on top that is some tough stuff I wouldn't say that's worth it. The juice isn't worth the squeeze then Um, you know, that would be a goal for you then to make sure that you could supplement your Life just by trading alone, right? But hey, if you're pulling in 20 hours a week 15 hours a week with work And if you know, it's not stressing you out much at all Then why not stick with that and then just do this on the side, right? Now though, there's a a key phrase that I want to use them because before you look to do this full time You need to become and ryan knows this keyword But i'm just saying this as an umbrella to everyone here. You need to become consistent You need to become consistently profitable first and that does not mean Every singular day of the week for a month straight, you know I don't know if there's some people that try and hold themselves to a perfect standard like that You're going to drive yourself crazy losses are always going to happen folks Uh, but it's a matter of containing the losses and it's a matter of saying hey Much more often than not throughout the week. Am I winning more than i'm losing So you might have one or two down days across the whole week But if the down days are much smaller than the profitable days are I would say that's pretty consistent Right Now if you're at that level then you should have full confidence to say that you could do this for 11 Because hey, if you've been doing it for a matter of months at this point then It's like riding a bicycle, you know, it's like once you get the groove and you look back It might be a little scary like oh shoot. Can I keep doing this? But Obviously over time you become comfortable and you say all right. This is a possibility. I could do this. I could do this Um, you know, everyone has all these different light bulb moments over time throughout their uh You know time here at ctu or you know time elsewhere if you're doing courses with someone else prior to coming to us You might have light bulb moments with them where you study you listen to them maybe a few times over and Finally whatever they say it might finally kind of click with you hit you in the back of your head and say Damn, so that's what they mean this whole time. You might be reviewing a trade from your journal and you might sit there and say Wait a second. Well, it really broke that level just like josh like screams about And as soon as it broke through that level on the way up it it ran So like things like that It's not going to be uniform from grant to yohuda to mark to ira to bell to ever We're different humans with different brains with different experienced levels You know, if you have 20 30 years experience coming into ctu Does not necessarily mean that you're a great day trader now if you have great day trading experience specifically coming to us You're an exception But you know, you have to learn the sport first And really with that it's a matter of saying if you're doing this pretty consistently week over week Don't be afraid about the future if you've been doing it for a period of time Why think that you can't do it for the future consistently? Don't be pessimistic. You got to be you got to think, you know Optimistically, right? All right, so really quick from the chat right now bill saying that that's what i'm working on consistency Mark says nothing wrong with multiple sources of income the markets can dry up at times. That's a great point too So even when things are slow in the market, you're not making as much across a given month You know, let's say we're out of earning season. We're going into august right now, which is kind of like lockdown time across the whole like us really like it's like the last of the summer months There's no real major holiday there. So I think a lot of families are going to try and finish up It's like like like with last second vacations You're going into labor day week there as well at the end so You're not going to make as much week over week week over week not for your doing but it could be for the sake of lack of volatility within the market Mark says stepping away for some time can help you get back in focus also I would agree there, especially if you're doing this every singular day with us taking a few days off definitely helps There's a phrase that's bluntly said. It's just more comedic, but uh touch grass, right? Step outside. Enjoy the nice outdoors. Breathe the fresh air and enjoy the life Step away from your bright computer screen for a number It does you some wonders Uh, you know, it says when I hear josh's bellowing voice running back to the room. There you go, right? Uh, john says listen the music early morning helps me stay alert exactly, right? Especially this good old playlist that we got john Each and every one. No, but ravina says set your goal and work towards it every day stepping stones, right? You know, you don't want to shoot big right away because if you don't hit that goal consistently at first You're holding yourself to such a high expectation where you become discouraged really with really with what's to follow Right now it looks like tupperware trying to eat back up one more time as we're just following this live right now So it's got to break up higher here pretty soon AMSC stock just for reference. It's still kind of lingering right now. It's got to build support here still and hold If it snaps these lows then I could see us go back to 15. So got to be careful there Uh, let's go to reberto's question really quickly from earlier about nikola Can you revise support resistance on nikola? Definitely a quick one there So nikola from the morning ended up making a nice pop at first that pulled back to three Which you would assume to be support Thankfully it held the support. I was just more looking myself at 305 is like in as equal level. Perhaps we'll call it Uh, you always want to trust the whole number more but just seeing it hold around here It was very good sign leading into traders talk just now If it's not going to break any lower then perhaps there is a chance and there is hope to see it try and pop higher Now from that point though on nikola Your opening print this morning was about a two million share block print at the price 323 what's it doing right this very second it is testing 323 as resistance In fact broke over a few times just a moment ago Let me ask us here for ryan and kathleen ravina all this year when the stock is moving up It's moving above resistance. It's breaking through volume going up up up. What color comes up on time in sales folks? green And what do we need nicknamed green as? What's the nickname we give it? Buying so the more proverbial buying that we have at 323 specifically Then there's a chance for this to run higher. So it tried doing it before Hey, maybe it tried to jump in right here once it popped above it Let me ask us one more time when a stock breaks through such a big level Simply what are we looking for shortly after? Every week here right big move Well, it better make a damn big move right from this point because otherwise you don't want to get stuck hoping and holding Even if it pops it later on here It doesn't provide much incentive for me to hold on to a trade with more uncertainty about the move If this continues to hold then the probability of this dropping does increase So I'd rather just if I took this trade if I were to take this trade here Then if I already I filled it like 324 then I'm out at 322 321 take a dinky little loss there But you know, hey keep your eye on it. What if it does continue to push back up? What if it does break over that price one more time? Well, it didn't reverse off it in tanks So if it could provide one more moment where it tests it Then it gives us the chance to think that it's going to break out and make a much sharper run higher So, you know, right place wrong time that happens quite often happens to the best of us So it's saying that it's all about just kind of patience and keeping your eye on the trade. That's all Being a present as we'll now say kind of being present and in the moment just watching out for these stocks as we're calling them out Now really quickly we're going to finish up traders talk in the next like five or so minutes Lastly on this topic. It's just to say if you're joining us on social media right now again You don't need to scan as you're with us inside our live trading room That is what myself rich and of course the man himself Fausto is here for So Fausto was killing it earlier on the yell stock in our advanced trading class earlier today the phase three stock Stock course and with that though Hey, if it's not in class it's inside our live trading room So all you got to do is be present with us inside our live trading room to continue these call outs So hey, we'll find out what happens momentarily with this Nikola if it ends up making the pop over that 323 again Uh, just go right down to the link on the banner below the stream Once again, I'll pop that qr code up as I had up just a moment ago You actually scan that qr code join us join grant you hood at Kathleen the 120 of us right now join us Very impressive number here for for a leap morning All right, so let's finish up right now. Let's finish up here I think maybe one more one more email question came in if not then I think that we're all set Just kind of going through all my inbox stuff right now folks checking the junk folder Going once going twice checking everything make sure I didn't ignore anyone just yet All right, so folks, I think that's just about it. Last call for all of us here in the chat board All of a sudden youtube social media facebook live all of us inside our live trading room, of course Let me know if there's any last questions that you got from me here Certainly if you're joining us inside our trading room just a private chat away It's an over a quick instant message a private chat me I'm gonna jump onto a couple of coaching calls going into this afternoon coming up But now I'll be able to write back to you on the side here in just a moment And then for all of a sudden social Hey, we just stressed enough just join us inside our live trading room to continue the commentary But otherwise any questions do you got for me if you're not joining us there just email myself josh at C2Trading.com I'm gonna finish up here with a quick look on the AMSC. It's beginning to inch down a little bit So it's not looking as good now the Tupperware Definitely still in good shape so long as it can maintain over this 550 It's been choppy around it throughout the last 30 or so minutes 20 or so minutes But hey, if it's not gonna tank from there it provides. Hope that it could make the next big push So the fact that's now holding above it here at this point Let's keep it above it at this point and see if it can make that better push if not then obviously watch out But hey again folks, I hope that you enjoyed I'll be back on the mic for all this inside our live trading room just later on this afternoon coming up at 230 I've got to refill up the water. I'll talk to you all soon. Take care