 PTU Trader is welcome on back here this Thursday afternoon October 5th shortly after 2 30 p.m. Eastern time and of course this time of the day Welcome on back for our afternoon meeting great to see Brian still with us here from just before and perhaps a few more of us right now Just let me know if you can hear me loud and clear inside our live trading room or across social media Facebook live linked in Twitter YouTube Etc. We'll see him about 80% good to go now just coming off a nice combination of strep and COVID Yeah, it's been a while a wild week But we're definitely looking a lot better now feeling a lot better and great to see Brian later Richard Kathleen all giving you the green light here inside our trading room. So Right now. Hey, no better place to really start off with markets pushing up a little bit But with Tesla and TSL that Tesla ETF just in terms of looking for a stock that can go with the market You want something volatile and that is liquid. So there's a lot that fits that shoe that but you know in terms of volatility Tesla is definitely one of the most volatile stocks across the whole market And if you're intimidated by the price will a couple of options again Literally you can trade the options day trade the options or you could trade TSL L Which is an ETF, but it's a lot cheaper and if you have level 4 it makes it a lot more doable. So You know what they're not up like a bunch at all really like break even on the whole day I don't even mind just putting both of them just on our list to begin as kind of like a spotlight stock there I can't do that for like all the other side list stocks that we trade but Check in with a few other stocks out there. Otherwise, we'll go from top to bottom here though We'll really just go from the gainers list here. See if there's anything looking good I got a bunch of buyouts actually at the top. So we'll kind of just check those and skip over them really ORTX you could just tell from the 10-minute chart. It is flat and that's a buyout Skip over some of these penny stocks, too, right? I mean another buyout SP, right? This one is a penny stock. So to say as well nickname it But CEI is one of our familiar with just over the many years or months energy stock Taking a huge hit and likely reverse stocks split with that in mind over time But you know a nice little push earlier today. We're not gonna much focus on it though here All right now aside from the market squeezing back on up right now Got a couple good shorts earlier today. Didn't we had roadblocks? We had Rivian A few of the other EV trades at first even Tesla dropped off nicely Let's see what we can grab here the PFIE and they switch this back to a daily stock Had a huge run up over the last couple weeks few weeks here and then just yesterday I guess big drop-off. I don't think that we were as focused on this trade yesterday So trying to recover now just I feel like at this point basically more than just a little over 50% there from yesterday's drop Got a couple icebergs here on the ask 235 239 even if it breaks over this one And of course the fact that it's at the intraday highs I like I'll come back to this just at the end Not fully committed to it just yet though. Put this on the side list here. Yeah, PFI MSGM and other stock I wanted to just show because Fausto brought this up in the audio commentary not the move from this morning But just kind of scanning around and the stock made a big pop back in July early August you could say but more so back from the beginning of this year History often repeats itself. You could say that on an intraday level You could say that on a long-term level and they often mix well together So here you could just look back from February pop and drop All right You know it has the legs to run on the intraday But once the volume dies off once this begins to make a lower highs lower low It's cooked. It's done and the same as to be said back in July August time here made a you a big push 354 bucks up towards 850 help move, but Obviously look where it's at now. So All right finger FNGR has been a pretty volatile stock of late really last like a few weeks you could just see up and down through the spin cycle this thing has been through and Even before that back from late June even you could say so yeah popping right now up over 8% I just wish it had a better book, but you know what given the recent volatility, which we appreciate I'll put this one on there the finger trade and then TS Yeah, oh we works. Okay. So I guess I was late to the party on this rich, right? I just got around between cold and strip the onsite from the week before I Just thought that this was like brand new. I guess we works had a reverse stock split It was last month back in the beginning of September. It was made official, but you know just popped earlier I thought it was today, but nevertheless, I mean if this could still hold near the highs right now Just given how much it dropped off It reminds me a bit like the AMC squeeze that we had from earlier this morning Obviously look at where it is now So don't get stuck holding on to this longer than you should but you know to see a stock That got crushed from a reverse stock split never really made its bounce at that point yet Well, you don't want to hope and wait You don't want to hold your breath But if you keep scanning and you see a stock up a decent chunk percentage wise it's making higher lows It's setting itself up then perhaps now again I'm not referring to AMC now at this point this trade's done But the we works as we were on just before It's still making a higher low Still has a good book You know, it's not really trading much volume per minute right now So there is still a little speculation behind putting this on our list, but right now I guess it makes the cut All right, we had the natural gas was it or is it yes the natural gas ETFs, right? Boil UNG FRO is a stock that I know is up big, you know with those front line This one's more flat now though at this point I feel All right, so UNG it's a little slow It's also flat right now, but between that the boil I don't mind kind of just slipping both of them on our main list as well Listen, if you're not trading boil or not focused on the natural gas Then just don't let it be a distraction to you take it off your personal list Just keep your focus on the ones from our list so far that you like like the TSL. Oh, maybe your finger we All right, so that's UNG and boil kind of together the natural gas ETFs now when those two go up cold goes down So doesn't mean cold. It's gonna be a good day trade here inversely All right, so there's FRO on the gainer side here If there's any other oil stocks or gas stocks that are pushing up pretty nicely folks Definitely, let me know, you know pretty much near 5% just as we're at the bottom of gainer side All right, so let's hop over to the loser's list see if there's anything looking good there All right, give me a quick sec still slightly recover a little water break there, but what a loser What a loser this stock was today you kidding me? I mean literally figuratively as well because how often you see a stock go from nine down to two in one day right So the thing on this trade was obviously the way it was looking going into the market open and pre-market After the market opened up big pop thing was looking incredible got halted a couple times on the way up If you always did really well in this trade Now I ended up jumping into this trade once it ended up break once it ended up re-breaking Over eight dollars. So it's a little bit after what I'll show here So just basically this line eight dollars will call it and it was Right there in which this popped over eight I jumped in expecting a higher high and expecting for this already at all-time highs Perhaps to continue up very fast and hey when we look at you know where the next level is historically There isn't any when we look at where the next level could be psychologically I mean maybe a whole number like nine bucks, but even bigger maybe even a decade number ten right ten bucks Maybe this could make a phenomenal move well just like we always say it's got to make a big move shortly after and that Intels it moving off of eat and not coming back down to eat whether it be in a minute after Five minutes after or hell on the seam bar. So hey just from experience If it's not gonna even hold over eat as it comes screaming back down. It's like Shit here we go. All right pull the plug and I ended up getting out on the street So pulled back right down to 807 or 806 I yanked it just you know Now if it's not gonna make a big move in your direction I'd like to think it's gonna make a big move The other direction now I wasn't expecting for this to come back down and break lower and come all the way down at two bucks today That is the absolute worst-case scenario nightmare fuel, you know that that if you get stuck holding on to this trade This is the worst-case scenario right because if you were intimidated and selling in selling it at $7 and taking a huge loss then obviously where you're at now that just it's unspeakable But this goes to what we always say at least right if it's not gonna make that big move I'm looking for It's gonna make a big move. Do not fight it. So I ended up getting out ahead of time that pulled back I expected this to hit 550 but I did not expect to see this just slice right under that and now is it even from there, so Well, if you've never seen that happen before well, you always learn something new every day So, you know consider this to be a lesson to learn hopefully a soft lesson is more of an observer Right just kind of sitting back here. I'm like holy crap I can't believe that that ended up moving the way it did and most importantly, I'm not a part of that, right? If you learn the hard way, please let me know I do not bite I get paid to help you so, you know, that is my job and I'm not saying it bluntly in in like to sound like a jerk I say it because it's my job I would get yelled at if I didn't help you here So folks, please let me know if there's any questions you have on this trade whether you're in it or not Just shoot me over a quick email. Josh at c2trading.com All right So with that is actually been a nice long day on the stick about three and a half hours in so far It feels good to be back in my normal coaching seat Got a nice full day tomorrow, too So I look forward to it, but let's see what we can grab here on our losers list now certainly not this certainly not vino Probably say the same on a lot of these stocks Markets pushing up pretty nicely. So I might not find a whole lot on the loser side outside of Rivian Rivian dropped off nicely from the after hours yesterday earnings and then this morning big move down Just I think at this point, it's more exhausted So, you know, one of my students was asking me earlier Just what are your what are your thoughts on it? And I just really just simply wrote to me I just think it's more exhausted now and even if it bounces up a little bit just not worth it Traded a hundred twenty three million shares nearly on the day so far. It's gonna probably top off at a hundred thirty BGS nice little short the stocks been getting crushed up late, too What company is this B&G foods? Consider me ignorant never heard so Yeah, it looks like all-time lows though. Nope stand corrected not all-time lows But definitely multi-year lows and that's as weak as we could expect Heading into this afternoon. So, you know what? I don't mind this at all. I'll add this to our watch list as a potential short BGS Good spread near the lows here and today FSL why wow, I didn't realize this was down earlier this morning, too Huh not as much activity from pre-market after hours yesterday, but a sneaky drop this morning All right, here's bed bath. Yeah, I'm kidding. I'm kidding. It's the same inside joke every day I always mix these up. I actually always mix them up I've been like playing it as an inside joke of late bed bath beyond blackberry. Obviously that bath is no longer listed blackberry So blackberry down big today Just it's a little too slow a little too slow for me a little too choppy sideways You can see the same here as the $41 stock a little too choppy sideways here But you know if it does break lower There's a lot more room down right that that could be a little bit more compelling if you favor shorts, then I wouldn't I Wouldn't be surprised if you added that to your list All right, does anyone still have a blackberry asks John good question last one I had was recalled That was like 15 years ago 10 years ago 12 years ago something like that I think they tried making a big play into AI and send the EV game, right? I'm pretty certain they had some Product or launch or something in relation to the EV business for a little bit All right, so hey folks, let me know if there's anything else looking good up down left right more than 5% But otherwise, I think that will call it though. Otherwise I might get one or two pops give me a quick sec from Benzinga pro and getting these here You look at that pop MRTX Just got halted reopened up. Let me just check the news out on this trade right now MRTX RTX shares trading higher a mid and FDA advisory committee meeting Discussing the rival drug by Amgen That's all I got It's got a crazy book So I'm not really too interested in it right now if it was trading better volume then that's of course different But at least interesting to kind of see Now this I love the trend of okay. Hello, I definitely also a pretty big spread but I like the trend not just on the one minute chart daily chart to things But on a rocket ship of late Not at all time highs but enough for me to put this at least on our watch list the TNG X I just hope more eyes catch on this trade I wouldn't be surprised if you order book actually fills in more soon Just let it fill in don't just jump in to jump in right now folks Just let the order book fill in a bit or let's see if we can get a pullback first and then you know go from there Not bad a couple a couple diamonds in the rough here, right? Let's see if We can get another pop all this one's on our list already finger FNGR is already popping up a little bit higher right now So hey, we don't need to build out too big of a list at this point, but let's keep going while we're at it Yeah, this EJ. It's not looking too great Alright, so if we're starting to come down to stocks like this, then I think then we are at the bottom of the barrel anyway So it's not looking terrible of 5% and it's just treating 612,000 shares total in the day. So not a whole lot, but Check out the uranium stocks while I'm at it UEC quadruple you CCJ those have been pretty strong of late Those have been good sideless stocks. You want to keep those on your radar on a day-to-day basis But they're not looking like too special right now for this afternoon, but you know pre-market tomorrow check back in with them All right, so last one I said I was gonna jump back to the only one I had on our side list PFI Why not why not? I mean it's slow It's got a couple iceberg it's got icebergs. It's got to try and break through But it didn't tank since we left off on it. It's still showing a little strength Looking pretty good here for the meantime All right, so folks I'll tell you what I think that we're gonna call it got my colleague rich coming on the mic at three o'clock in about 15 minutes for all this inside live trading room now if you wanted to continue the conversation with us inside our trading room Just if you're on social media, that is just scan that QR code on the top left of the of the stream If you're fancy with your camera fancy with your phone get your week-long access inside our live trading room Get you all the recorded workshops that we've done of late including live access to a workshop next week But you know otherwise though if you're not as fancy with the phone the camera just go right down to the bottom of the stream Right there that rolling green banner. You'll see c2.co forward slash free right there to sign up for a free event right there But otherwise join us live inside our trading room and then just for John Leda Richard Cal and Kathleen Brian Leda Etc. I'll be in the chat board up until 3 30. So if there's anything looking good I'll be there to call it out alongside rich and hopefully you as well Right if you see something say something let's try and make some money here heading into this Thursday close talk to you all soon