 All right, good afternoon separate traders welcome on back here this Tuesday afternoon as always on Tuesdays our post traders talk edition Here of our afternoon meeting great to see Chuck still with us I'm sure a fan of this cold run up here KOLD Natural gas ETF great to see Lita still here with us loud and clear from them Hopefully good to go across the board and for all of us in social media Facebook live or YouTube welcome on back as well So the down market I always love I always love it down market actually not for like any sort of swinging trader investment side of you know What I do but well it goes to show with what we do with day trading Not every stock is gonna move with the stock market, right? Not every stock is gonna drop off there could be some stocks to go off on their own on their own accord So, you know not as much cold because actually quite frequently when markets are down this natural gas ETF Tends to make a nice move up not all the time not like UVX Y as correlated with that But natural gas ETF colds been on a huge run up at least the last month or so so Nice run up here And I wouldn't mind putting this on our watch list at least to begin just breaking multi weak highs at least multi month highs Just jump back to the daily chart actually while I'm at it I wanted to jump right ahead to the Jasper trade JS PR Of course, that's what I was referring to as far as you know following some moves on their own accord going completely against the grain But you know looking at cold only you could see it's not multi-year highs at least ended up making this big squeeze up Seemingly to this peak back in late June of last year It seems to be where like right around 44 bucks that's still a ways away from 33 25 So I'm not expecting for it to you know Go parabolic once more and run all the way up another 11 points But historically speaking you would assume 50 to be a psychological level coming up as resistance Well, certainly 44 ish will be good to compliment that price. So, you know, at least for right now as a day trade We'll see if this could run higher But Jasper and JS PR right So we talked about this trade earlier in our trader stock workshop for all of a sudden social media Facebook live or YouTube That's our weekly workshop. We conduct inside our live room every Tuesday morning So from a to Z at least up until 12 o'clock Eastern time. We went over this move The disappointing part about this move for as much as it ran up It got halted over and over to the point where it barely offered any one of us like a real chance based off of strategy To enter like if you're entering you you're just trying to throw a dart on the wall and hope it lands You're praying and hoping it continues, you know, like we talked about in trader's talk earlier today No, not every stock is gonna be calla. Not every stock is gonna be Pali or I mean, you know Hey, we'll find one a day perhaps but not every stock is gonna be that, you know, 500 600% gainer So hey, this was running up by the time we finished up traders talk broke higher For as much as it got halted going up It got halted down and that's what made it very scary to try and even think about Trading when it's up that much percentage wise But if you take a look on the daily chart and I'm not out of the doghouse on this trade yet Although it did sell half my share position just a moment ago. I had to take the money and run really but On this trade there were a few historical levels to follow 171 was at first blew right over that. Well next level ahead, you know Historically speaking roughly around that three area 291 and the whole number of three So just a moment ago and even 280 was a bigger volume more meaningful volume based level But 291 we had this level in our trader stock workshop We're talking about this as a point of resistance and right over here. It did top off right there I was expecting for that to be the end of the run at that time Well, hey blast above it So when a stock breaks above resistance and it runs off of it, you know The hope would be to at least initially see support So I was looking for that even beginning heading into 1 o'clock going into the mid-afternoon And I've had my eye on this price since so going into 2 o'clock to 15 I just set a stop limit order to buy if it were to break above it I was watching it the whole time so it's not like I was like away from my desk like the second I got filled I ended up setting my stop order up right under me You got halted right away. So you know like what we talk about Much more often than not at least when you jump into a trade you want to see a big move shortly after That that reaction so if you don't get that reaction right away Not to say it's not going to be worth it, but it's a start of a red flag So once it popped and got halted just a moment ago I had a feel like this would look to continue heading into this meeting So Jasper long story short too long didn't read We'll put this on our watch list here so far for the afternoon in hopes of this making another higher or low and for this to You know really blow the roof off that last Historical what is that right off at three sixty three I put there three seventy three So basically hit there just earlier and then pulled back I do have my stop set on this trade right at ninety one actually so if it stops me outbreak even on the second half Just to be transparent I'm happy with how this trades going because you know one of our new students had brought it up earlier Right now two thirty Eastern time, you know much before that time, you know from like 11 o'clock to right now This is not where we should be gunning to make our days pay So yeah, if you're here if you're at your desk Then you know if there's any stocks that are still moving and then prep up your big levels And then see if the stock can make that move for you So I ended up taking a couple of losses on Jasper off the 291 at first It didn't make for the greatest trade, you know just before but I kept my eye on the level Just kept focused on what we always preach in class, you know when it breaks through the level on the way up So, you know, I ended up taking half my share out right off of three thirty four And with that if it ends up pulling back so be it right? I have my stop set of my entry price if it ends up exploding from this point forward Then we'll move the stop up accordingly All right, so we got cold We got Jasper and that's on a down market actually I did pretty good as a short really briefly I want to see how it's doing right now because coin base was like. Oh my god. What a gift I it normally doesn't work out as smooth, right? You know if it if it always did that work out that smooth then You and I wouldn't be here, right? So, you know, I turned over to coin base as it was already right off the lows here roughly off this 3430 price It was perfect timing just fell right into my lap I'd called it out right away as a short just right in front of us saying hey coin base looks pretty weak Looks like it could be a good short broke down right from that point down to 34 led to another entry from 34 down towards 3350 For mid-afternoon not not terrible right not terrible and if I had missed out on that who cares It's not really the best time the day to be treating. So, you know, I was there It fell on my lap. God bless cookie doesn't always crumble that way So I still left some money on the table for this coin base short, but now at this point looks more flat Who's turning down at this point right now as I'm talking then I'd be more interested in putting it on our list I'll maybe come back to this by the end of it all, you know, keep it on our side list for right now All right got Jasper up on my other screen though. So what we'll do is go from top to bottom I'm gonna keep my other, you know, I on a Jasper see what that's up to as we go through I shouldn't have even clicked on this I forgot about this because when a buyout is you know made official stock does nothing So I actually remember this from the morning, but yeah, we didn't really trade this Now one that we did trade looks pretty crazy right now RSLS by we I actually don't mean me I did not jump in on this one. I wish I could say I you know It was able to jump in from like 10 ran it up to at least 12 12 50 But man this thing ended up just keep on kept on giving and giving ended up running up much like Jasper trade got halted a couple of times a few times over at that and even off the down halts You would expect for the stock to gap down to which it did a little bit But for it to move lower if that to be the end of the ride end of the show and it ended up giving us an even bigger squeeze Up later on so, you know now at this stage this trades all over the map, you know Up and down lower highs higher lows, you know, it just looks like a wedge So I'm not too interested in this right now looks just way too much like a gamble stock now at this point Let me keep it going MSgm if you're able to short this stock, maybe you know, this is normally what happens when a stock gets halted on the way down After a big run up, you know, typically that's a wrap that's game over ATNF, I don't know if this got halted down. This has been a really nice trade today So I ended up following this one from earlier upon the market opening up led to a good squeeze from that point But I took my eyes off it after and when we were doing traders talk It was beginning to make a subtle bounce not like the best, but it was grinding up and heading into like one o'clock blew the roof off of resistance off of 475 if I'm not mistaken. I deleted the line here at the time, but 470 ish. I had as a key level to complement the five We had a low the day back here from December 15th 477 and then the close here right off of 480 So roughly around 477 480 it was No I felt like there was a historical level to follow at that point and really was holding underneath it that and five bucks But blast above both led to another run up as high as close to six Now at this point, it looks like it's making a lower highs, but I'll tell you I mean it's active enough It's active enough for right now You know just if it ends up making a lower low obviously will look to move forward from it move on from it But I'll put this on our main list for right now 18 f still I lag il ag the stock we ended up doing really well on back from early to mid-october You could just see this big spike day like 40 plus million shares, you know is a pop and drop So it's not a swing trade. These are all day trades that were really calling out You know, even if like day over day the stock ran up unless if we told you beforehand We were focused on it as a swing. It's easy to say in hindsight So, you know, if anything what's easy to say is for a stock as like low float low volume normally as il ag is This is the expected type of move pop and drop ended up pulling back down You know, hey if this stock can make a fraction of the type of run it made for us back in mid-october I'd be really happy and it ended up doing a good number today You know ran up pretty nicely had an ugly shake here. So now at this point, I think we'll definitely move forward from it All right now This is the point where I will say there's not a whole lot else that expect for there to be looking good just in a down market You know, you had a few up at the top of the gainers list and there might be like one or two gems here in a moment, but Sift through it here pretty quickly ATTX I mean if the spread and if the order book looked any better I actually would put this on our list right away. It's at the highs But it's just not really trading a whole lot of volume per minute You know, if it ends up making a better pop or more volume joins that order book I'd be more interested, but See if there's anything else looking better like volumize if anything this looks great as a chart If anything, it looks like a fowl stuff legs building to the upside, but let's see if there's anything looking better Chuck on his Billy trade from earlier today Billy just a good sideless stock Really over the last month and a half two months, you know one of the China stocks that have been moving up pretty nicely for us Time Billy xpev Billy probably the sharpest of them an IQ, right? So right now not a whole lot too much happening on Billy But nice pop from the open had a good good little bounce off of like 2675 earlier 2625 I should say but you know, we'll focus on it come tomorrow morning. I'm sure it's a good one To follow going into the market opens Billy All right, so I think that just about wraps up the gainer side the grom trade. This was nasty I was looking for this to hold support off of 195 it ended up breaking under and over it It led to a nice pop But man this thing dumped back down as fast as it popped So that's where I say like hey, you know, if you want to see the stock run It's got to make a pretty strong reaction off the level it did here And I had my feet kicked up to a great degree not literally but you know when it pops up near 20 cents from your level Okay, you're on the right track But when it comes back down as fast this could be easy to say because it already happened But this is experience talking to you folks You got to get out, you know, you can't hope and hold then at that point, right? It was off to such a good break off that 195 again looking for the run up close towards 230 ish 235 And then perhaps up to 250 maybe Well, one one can only dream right one can only hope and with that once I broke back under 195 I went break even and I never really looked back at it. I mean I looked at it But unless it's flipping this into support wasn't gonna work out That was more of a level from the like five or ten minute chart here briefly So just to show you know, it was like holding this pretty nicely is like a little top going into the open So that's where I was looking for that to get flipped into support just never happened All right, so with that a little squeak up here. I see off the lows on the spy S&P ETF Let's just check out what's on the loser side for right now folks seeing if there's anything looking just as good if not better Yeah, TS LL. That's the Tesla bullish ETF. So We'll check out TS LA. Obviously Tesla equity here, you know, pretty expensive You know still to a lot of us most of us myself So I'm not going to be as keen to follow this comparative to the others that we've covered But it's as volatile enough of a stock for us to re-put back on our list So, you know if you want to day trade some calls on it looking for a squeeze up higher into the close You know that that's one idea Or vice versa if you think it's gonna pull back off like 110 and shake back down again heading into the close either or however You want to play it. You don't need to trade the stock. You could trade the option on it too. All right What else we got here PDSB it's shortable. It's down big right within our price range Not like looking too attractive though. I mean it's squeaking back up a little bit You know the order book doesn't look that great. I Don't see much else that stands out here folks. How about that? I mean, I'm sure there is definitely a lot more that's down that illustrious 5% or more that we look for here at this point So if there's anything else looking good, just type it in the chat Neo not looking too great either way G you little spike up on GM there. I mean, I know it's going with the market a little bit But that's a strong little reaction there Going through them all folks going through them all myself right now. I was taking a look the airlines the cruise lines the gaming casino stocks all of them mlco Chinese mlco Chinese gaming company Macau gaming right here mlco This is actually big been a good sideless stock of late to looking at the daily chart the screen in line for a really nice Pop looking at the resistance there that it's been building and today like breaking above You'd want to see a close above that resistance though and hold above at the following day, but I You know what this is low risk to put on our watch list still It's obviously not near the highs just right now from the morning But making a higher low nice little trends liquid enough Michael and Grant talking about PBR That's a crawler. It's a crawler Warrant says RSLS bedspread. Yeah, I mean, that's the type of stock I'm not looking to trade really that RSLS trade Let's see what else we got though just from Benzinga Pro then we'll call it Got AT&F already on our list So hey, we don't need to build up too big of a list folks when this is still looking pretty strong at least as of right now GSPR is still hanging around for me But you know just I'd rather see it break higher soon It did technically make a higher high off this last local peak But really hasn't done much since so if it ends up pulling back to my 291 Then it wouldn't shock me So I took half out at 334 Happy with that Coinbase not a whole lot happening a little move up at the market right now, but that's all there I think that's just about it folks last one here Sorrento SRNE. That's going nowhere last one for real C Kpt I don't know what I'm looking at here folks. I think this is where we're scratching at the bottom of the barrel right now Tim saying TQQQ We talk about this quite frequently folks unless if you have book map It's going to be extremely difficult to apply our trading strategy to an ETF So, you know cold we have on our list because that was at the time breaking highs This thing just pulled back quite a bit with the markets beginning to squeak back up So I might look to scratch the cold Off our list right now as is but you know my stance on ETFs unless if you have level 4 and trade it very well Then, you know, I wouldn't look to follow it So if you do well on the TQQQ daily there Tim, then I'm sure you'll be more inclined to trade it yourself. That's it I think that just about wraps it up folks not a whole lot else out there for me to go through really We have four stocks in our watch list and one of them is Tesla So if you don't tend to trade a more expensive stock then really start on those three the JS PR the ATNF and even that Macau gaming I like that MLCO looks really strong over the last week and a half So that in particular, you know, just keep a small eye around the VWAP area, too You know, it's been trying to tease a pop over the VWAP price right off that 1212 and we'll see if it can make that move All right for all of us on social media Facebook Lover YouTube I appreciate your folks sticking with me each and every day each and every afternoon happy new year Hope everyone enjoyed their you know holiday season and hope everyone has a happy and healthy year coming up Actually for all of us inside our live trading room I sent out an email to a number of us just last week in regards to New Year's resolutions folks Not just in terms of life, but of course here in terms of trading So, you know, of course, we always like to say, you know, make sure that you attend class make sure that you're journaling your trades Make sure that you're studying and not just journaling to journal just you know actually studying from said journal, right? You need to put those extracurriculars in but Even before that we need to have intent with what we're doing like why why why in the hell am I even here right now? What am I looking to do for the next 362 days now before the end of this year comes? So I'd sent an email to a large number of us and if not then you know, just think of it yourself as a trader What am I doing right now for the next 362 363? You know days this year. What am I looking to accomplish? That's where it all begins folks So I just wanted to make that known before we finish up this meeting for all of a sudden social media Facebook Live or YouTube if you wanted to join our live trading room continue the audio broadcast I know that Rich will be on the mic coming up in t-minus eight minutes Make sure that you go right down to the link on the green banner below the stream just to get yourself started But for all of us inside the live trading room right now later Tim Mike and all of us there live right now Best of luck trading heading into the market close. Talk to you all soon