 All right, so let's let's go back and Recap what we did. So welcome back everybody. It is the third the second of October. So yesterday You know, I put a tweet Facebook everything out there regarding about shorting all these Online brokers and the funny part is that we couldn't even we couldn't even figure out what was the news What was news and you know what this morning? I get I get a an email from my TD Ameritrade account and Guys, what is the news? What is basically the news? Anybody want the news with the online brokers were? Schwab was the leading contender of it the no commissions no commissions Wow, so guess what they're going from five dollars a commission four ninety five to zero Okay, now the next question is how in the hell do they make money? Well, there you go That is the question everybody should be calling up their online brokers make I don't understand Why are you working for free? Okay? You know, it's gonna be next they're gonna start paying you money To open an account because they're just basically floating right they're holding capital. They're floating money They're lending it out. So that's basically what they're looking to do So you get to trade with them for free and basically have all this money in capital and that's really what what it was And you know what I was actually pitching that I would say like 10 years ago 15 I'm like why even charge any commission You know what you guys do with the money? There's no you don't make money on commissions You use that money to lend it out for credit card for capital all that. So let's just be honest. So Now basically the cats out of the hat Yeah, they're basically holding money like a bank basically that's what look basically what they're looking to do All right, they are probably cash poor mark is saying well, listen the more money more cash You know what happens mark is that? You know, I don't want to go on a whole pitch regarding about Explaining what happened a financial crisis. Listen, I tell everybody if you want to see the greatest movie ever watch the biggest short Regarding about the financial crisis But at the end of the day what ends up happening is that these banks will lending more money that they hadn't been they hadn't in their accounts So I know there's some regulation that came into it. It's like the shorting You can't let people short stock if you don't have stock and inventory that's called the short That's called a naked short. That's something stupid. They should have got rid of a long time ago So yeah, I mean so basically they're probably seeing that their opportunities to make more money lending money Then just you know and getting people open accounts with them then then doing that I mean honestly what the hell they need $5 for I mean seriously the average trader online trader I think I don't even know if you do the statistics I think it's like maybe two trades a year or a month some ridiculous number like that So what the hell they need to find hours for they need at the end of the day They just want really they want all that we see you better today I had old ECM books in their market debt a bribing Listen, a lot of these brokerage firms do not give you direct access for that one reason, okay? You know, they don't want to they don't give you full access to the market in the market book So yes, there's a benefit from it and there's a non-benefit. That's why I was telling you when you're a student here It's Cybertrain versus and we try to teach you, you know, you got to keep your accounts separate It's not good to have all in the one umbrella certain brokerage firms are better than others for certain things and there you have it All right now regarding about what we're gonna be so anyway, listen, they still look great I mean listen TD Ameritrade when you're looking at it. This thing still has got some room to take a big hit But you know what was shocking who would ever thought that this stock would take would be down Literally almost 12 13 points over 30 percent or whatever it is just on that news I mean, that's pretty substantial, you know, by the way, let's go look at the Schwab trade. Let's see what happened with Schwab CH Dub is SCHW I See how that worked out for them. So not as terrible, you know, it's got some you could see It's got some nice support levels right around the $35 price range, but um, I don't know I Don't know I think I know it's TD I think TD is more powerful than Schwab honestly personally I mean, I think they have more of recognition owning owning that you know certain platforms Schwab just been around forever You know the psych basically like a dinosaur, but they got the name, but um, but they don't have the banks like TD Ameritrade does I mean, it's a big conglomerate, but let's just see what happens Fed to dump the $75 billion per day into repo markets until October 10 Really well, let's keep an eye on that one Jerry just posted a link regarding my TD Ameritrade Charbelies is less than less on Commission revenue. Well, I guess that space was gonna come down to it So there might be a good opportunity. Let's see if they listen. They're the geniuses. They know what they think They think, you know, let's see how they how it works out for them. But anyway Catastrophe is our opportunity all I'm saying is thank God. I wasn't long that position, right? Some people like, you know They own these stocks to Ameritrade. They believe in their company They bought into it and they just threw a big wrench smack in the face right in front of them All right, so anyway before we go into all these bank stocks Online brokers, let's go check out some of the other ones that are making some moves something. That's more up our alley Here's a stock TSG. The stock is up humongous and it's starting to back off Looks like it's gonna become a little bit more of a short You can see it tested major resistance levels right around here back in the end of in May So we got some good orders out there 4.7 million shares already trading pre-market So it looks like we got some great volatility in that one another one that took a huge hit and It's starting to make a little bit of a comeback Which is what I like bottom fishing is this x a x sm You could see at 2 o'clock it finally made a made a rebound. It does got resistance levels from yesterday So it even though it's up 10% you see a stock was at 30 look where the resistance levels are and You know once again, it is it is a health care stocks, you know, I'm not always a fan of those kind of stocks I'll be really careful of those but I've been with that one looks pretty good what we got going on I didn't look at the other bank stocks. We'll come back to them. I forgot to look at Interactive brokers and all those So anyway another stock that's taken a very big hit right now And it looks like it was trying to come back listen when it rains your pores my god ten dollar stock some of you remember this stock it gapped all the way down never ever came back and It's what this went down to a dollar a whole dollar I don't know it looks like it's making a little bit of a comeback right now great volume Not as great as the other stock with to you know This only trade 200,000 shares being down 50% but this one looks pretty interesting Well, I'm gonna put this on my level for see what we got going on I got I see some nice support and resistance levels the stock looks like it's gonna probably continue to be a short Just broke 52 week loads. This one's starting to trend down really nicely SFIX Sketchfix incorporated, I don't know what that is who cares anyway looks like a little opportunity for a short right there UNFI Another stock that's taking a big hit right here. It's looks like it's got some good support levels going back in here in August So we do definitely have a nice little rally So we got some support levels right there. You got some nice orders got a 1600 share buyer right now at 821 26 So we definitely got you know nice little downtrend nice little short look for those support levels and Oh and then all the gold stocks are moving Jnug I know I know you guys have mentioned this a jnug is doing pretty good All these are all these gold stocks making a little bit of comeback you could see it's basically it's gonna be testing yesterday's resistance levels But yeah, all the all the golds are up now regarding about some of the other bank stocks Here is interactive brokers I mean they all gonna have to follow suit all of them all these online brokers gonna have to follow suit So you see what ends up happening and they feel want to compete But you know what the funny part is it finally got exposed They don't care about the commissions all they care about is holding your money so they could float it and trade it That's basically what the goal is and you know what that should be a Wake-up call to every single trader out there, right? What do I always tell everybody why we in this business? Why it why is you know all these politicians you hear going after oh going after Wall Street this and that because they know This is where the money is they're the ones that control the money is this is basically you know listen when I when I when I got Into this industry, that's what made me you know what made me quit being a landscape architect and said hey dad You know what I hate them. I don't take over the family business But it looks like a lot of people that you know being here on Wall Street is where people make money Why didn't I get into learn about finance? He says son listen. I'm an immigrant. I don't know too much about it I know how to plant tomatoes, you know, I know how to cut grass, you know You go with your hands of design, you know But if you go find something that doesn't get your hands dirty And make you and make you make your more money than do it and you could see why so anyway They're being exposed you could see that and that's why we're doing it. So listen if you can't beat them join them That's why I always say anyway Andrea, what's about TD Ameritrade in Canada leader? I don't know TD in Canada. Listen, I don't know I mean listen you probably you a lot of you and Canadians You know this you're being monopolized by five banks, you know, it is a you know is a socialist type of a economy where they control everything and It's one of the bad things about competition there, but I mean listen Until you guys can you know come and start trading here. I Mean, I know you have I know you interact the brokers up there in Canada. It means pretty cheap I mean, but yeah, I mean they got to probably follow suit eventually. I don't know We'll figure you guys will figure something out. Me time. Let's go sit there and try to make money on it Listen, we're not gonna let's not cry of a five dollars a ten dollar ticket charger, man That's the least of our problems, right? TD bought a lot of our banks. They sure did they sure did they're buying everybody up. All right guys listen Good luck today. Sorry. I ran a little bit late and Let's learn the trend is our friends. So let's not buck that trend. All right. Good luck everyone happy trading and Oh and don't forget like I said earlier Benzinga today Wednesday closing bell. Don't miss this opportunity. We're gonna we're gonna you everybody that is going to be here Logged in on for the event for Benzinga You guys are going to be able to get a free promotion to use the platform the advanced version of it by attending the event So go out there. He's gonna talk about it This is your opportunity to actually ask questions regarding about the Benzinga This is an exclusive event that they're doing they very very rarely do these you know going on to a partner event and answer questions and Which is always great because they're outside there their realm So you can kind of be freely to kind of answer those questions So guys do not miss the Benzinga event today after closing bell. All right guys, so make sure you'll register for it We'll see you all then in the meantime. Be safe. Don't get crazy. Don't try to get too cocky make your days pay You know today's the first day of the month the way I look at it and Let's because the kids back to school. So try to be a little careful today. Right guys. Good luck everyone. Happy trading