 It looks like you have mics off. I can't hear you. I love it. I was literally thinking I could listen to this all day. It was great. Yeah, there you go. There you go. All right. I would just, looks like everyone is just moving out of some of the rooms that we got going on right now and we're broadcasting live on all social media. So if you're watching on one of the channels, I don't know if you're on our Twitter or YouTube or we're also broadcasting on Instagram and on TikTok. So if you guys are watching, you can also click in and get right into the room and you can probably ask them questions. I know we have some staff that are sitting on some other rooms and they'll be able, you know, our staff is on their social media platforms. So they'll try to answer it or you can click on that link and get registered. So anyway, who actually came yesterday? You know, for the Tom Sosnoff event, just want to do a quick chat really quick. I would do a poll actually, but by the time we get that up, I'm running out and write that down. Susie, you were there? Chris, are we there? Good, good, good. Christian, Phillip, good, good. Janet, all right. You enjoyed it? Yeah, listen, Adam does it. Adam has, does a lot with Tom Sosnoff. I've done a lot with him back in, you know, no form of 20 years now, but, you know, we wanted to kind of bring him in and kind of show you a little bit about, you know, how the options work a little bit more and what has changed. I know we haven't had him on our end, you know, since before COVID, but Adam has on all the time, learned a lot from him and it's been awesome. Hold on, let me just get the, is the record up and running? Just want to make sure we got, yeah, we got up and running. All right, good. So, but anyway, today's event, what we wanted to do is me and Tom met up, me and Adam met up and, you know, we wanted to kind of like, you know, do something a little bit different for everyone as in, how do you apply, you know, options trading towards day, you know, day trading and, you know, we were actually, you know, for, if you heard what happened yesterday, we basically bumped, we met many of times. I mean, he's actually, doesn't live too far from me, he's one town over and, you know, once in a while we bumped into the train, you know, going to go into the city once, you know, in town once in a while, we bumped around, we bumped around a couple of more events and we always kind of talk about doing something and say, you know, let's just get something done. Let's just get something done. So, this is kind of a little bit different that we usually do, you know, here at Cybertree University and, you know, and also Adam on his end, you know, usually kind of like, do an event together and kind of share what we do differently. But we think we want to do a quick workshop because I thought that it might make sense for a lot of you to kind of see what it's like where you have two gurus trade almost very similar to like, because everyone here wants to trade options, doesn't mean you should and some of everyone wants to trade stocks, doesn't mean you should, maybe just learning from the wrong person, maybe you have a different style, but we're going to try to put those masterminds together and that's why we're here. So, what I want to do is I want to basically change the slide here and I want to go to the live markets now. Adam, I know that you have, you should have control too and I have control, but kind of get to show you a little bit what we're going to be doing a little bit differently. So, basically our goal is this, oops, hold on a second, hopefully everybody can see it, can everybody see us okay? Well, yeah, let me give, let me just add to the intro a little bit. Yeah, go ahead, Adam, if you don't mind. So, yeah, I used to see Fausto pre-COVID, we would both take the train into the city. So, I'd see him at the train station a couple times and then that stopped and we were both going to this event in Florida, ended up sitting on the plane, had a great conversation, two totally different styles, but at the end of the day we have the same goal, which is to find really good stocks to trade and that's what we all want, right? Good stocks, good levels, make good trades. And so, we started saying we should do something and then we decided to connect to yesterday's event with Tom Sosnoff because I thought it would just be fun to get more people on there, more energy, but I gotta tell you Fausto, the whole point of this was to find good stocks and you came on in front of everyone yesterday and you called out two stocks, you're like, there's two things we're watching right now. The first was ADIL, which I had never heard of, but I bought it after hours yesterday at like 242 because of you. Look at you, look at you, little sneaky on my life going over there. I told you I did on the call and that went above three today. That was a great call out. The one I didn't trade, but was also an unbelievable call out and it confirms that whatever you're doing, you're seeing your eyes are in the right place. Let's put it that way because you called out rent, rent the runway. It had earnings yesterday, it was trading at 11 and that stock was incredible today. It went to 24. It's now trading at 17. I have not traded, I'm not going to trade, it's too volatile for me. I don't want to buy 500 shares and lose 1500 in a second. Yesterday and after hours, it was sitting at 11 and changed and now it would have been a home run. That has me really excited for what we're going to do today and just to get the energy going and confirm the love of the crowd. How many of you also think the biggest thing you could benefit from is finding the right stocks to trade? Give us 100 for 100% right now and let's see the chat come in because that's really what I think it's about. We all want good ideas and it just confirms that putting this call together was the right thing yesterday because you came in two for two, guns blazing, so nice job on that. Yeah, and you know what? What's nice about that when you have somebody like Tom come in there and talk about the different perspective, you probably hear Tom kind of shot me down a little bit. Then you're like, I don't trade these kinds of stocks and I get it because some people don't and some people just don't see it. When you have something that works for you and which he had something that works very well for him, that's the reason why you're seeing like he was talking more about the bonds and more about more like branding stocks. But one thing I mentioned earlier when I did my morning meeting, I told everyone that we all traded pretty much the same. 70% of the style we trade the same. A lot of it is more liquidity, discipline, the psychology part of it, and eventually you kind of build your own style. Some people, it changes and that's why you got to listen to not one but several different people down the road and see what works for you and listen, if it doesn't, and if you don't get it within two, three months, it's probably not your style. Everybody's a little bit different. Some people like steak, some people like fish, everyone has a different flavor of what they like. Some people only like vanilla, some people like chocolate, some people like rainbow. I hate rainbow, but that's basically who comes to stock. So I like how to look more of like the more of the small cap stocks, the old Nasdaq national, they're not penny stocks or anything like that. The old Nasdaq national, but just the liquidity moves up pretty higher. I had something that I wish I would have talked about earlier yesterday too, but wait till I show you another one that's really moving, which I think we're going to have fun today trading it because this one, a little bit more on the expensive side, the stock GL, been a great short all day, great short. And another one that we've been trading to this morning, which we're going to have fun and we're going to share too, is we're trading Brevion. Brevion has been a good short too, where everything has happened with the EV stocks, but we'll check out those. I can't hear you. Sorry, I mute myself when I have trades that I know are about to ding, so it doesn't distract when you're talking. I have my platform set to a cash register sound. So if I hear, if I make a trade deal here, like a cash register go off. But I thought to start, I think it would be helpful like, where did you get those stocks from? Because I'm watching everything and I didn't see ADIL or rent. So what is it about your community and the way you guys do things that you were just like, call them out? And then obviously I want to get into the second part, which is your secret sauce for looking at the levels and stuff, which that's what we've spent a lot of time talking about at the event and on the plane. But is it just your community? How did you find those? So I'm going to show you right now and we're going to bring those up. Hold on a second. So let me show you. By the way, Tom doesn't trade stocks. So anything, you could have talked about any stock and he would have been like, he only trades options. And mostly he collects premium only. He does not even a buyer of options. He's a seller of options. He's a seller of options. But there's a lot of advantages to that and I'll get into that today too. But I trade stocks too. So I'm the best of both worlds like you. So go ahead. Well, let me bring that over really quick. Does everybody see my screen okay? So everybody can see this fine? Do you see it, Adam? Yeah, we see it. Okay. So GL, if you notice right here, the way the style that we work as professional day traders is we want to trade stocks that have good volatility. We want to go through big percentage gainers and losers. Tom talked about that yesterday too. If stock doesn't have action in it, you're not going to make any money on it. Not only that, but the spread can get pretty big, get pretty wide and everything. Now, this is basically where we work on right here. Get my crayons out here to kind of show what we've got going on here. So right here, you see this right here, GL, it's the second biggest percentage loser. Number one on the list is a test stock. But that's the biggest loser on the New York Stock Exchange. Okay. So when we go out there and we trade, we just work off the big percentage gainers. This is all we need, the top 20. So we got the most active, we got the most Nasdaq percentage gainers, Nasdaq losers, New York Stock Exchange active gainers, losers, and volume. So that's basically what we're working on. So GL was obviously their first thing in the morning. Now, I don't know if you have news, but we actually, well, who's in our room? Rich here. Rich, what's the news? That's Rich's in here. Rich, what was the news? You could broadcast it on GL. Because GL was pretty bad news that came out on it. And then when you hear the news about you're like, what the hell? They're like, there it is. Okay. Thanks, Lovridge. So that's basically the news that we have. We pumped this in our room. You know, we kind of use Benzinga for our news service. We also do a lot with them too. And, you know, we found that. And GL basically, it basically was fraud, right? They had a big fraud, something like going on here. So I'm like, oh my God, because that's the first thing I look at. I look at like, I don't really care about the news too much. But when I see something like this, I'm like, holy crap, that's pretty bad. And I'm like, it's probably going to go lower. And then what happened right around here, I'm going to blow this up a little bit bigger here so you guys can see it here. I'm going to blow this up here. So what happened right around 1030, I mean, a big drop was right around here and mine 30 to drop, but then it kind of stopped. And then Tom also brought this up yesterday that, you know, like, for some of you don't know this, I think you saw us Adam. So I got, I built this mousepad, which is like the best times or worst times to trade. So I mean, there aren't times in the middle of the day you still could trade, but I still think that as a day trade is the most active time the first hour and last hour. But here you can see it did trade continue in the middle of the day and after 1030, even at $88, it dropped only to $73 on the short. And you know what, it still looks like it's going lower. So we're going to talk about that, you know, how do we know where it's going to stop is going to continue and how Adam would trade this also as an option trade. Now, I don't know if the stock has good options, Adam, you know, better than me, you know, because I'm just looking at the trend of the stock right now. Are there options on it, Adam? I don't know, you tell me. So some options have weekly options markets and some have monthly. If they have monthly, they're not as active, but they could still be good. So GL has a monthly options. So the next trade day would be April 19, then there's earnings April 22. But yeah, the options with the volatility today, and that's usually what happens, the options kicked in still still a decent spread. But, you know, and we'll go, I think the best order would be if you take a look at the book map and and talk about where you see activity buyers and sellers. I could then show you how I would apply the options to it. All right, now, I'll be honest with you, I'm not a fan of the book map on this one, because it is expensive and it's pretty volatile. Okay. And I want to confuse anybody other than you know, we just touch on, I'll just touch on the benefit of options versus stock on this one, because there's a lot. Okay. So let's say GL, we want to get involved. Right. I would never naked short this. I mean, pretty much after we saw what happened to GameStop a couple of years ago, you can, you can never make it short anything. It's too scary. Naked short, your risk is infinite. Nobody wants to deal with infinite. And so we're not going to do that. But if I thought we could benefit from it going down, I would look to buy puts. And the nice thing about this is we're in this for a short-term play. Like, we have no idea what GL does. You said fraud. Like, we know nothing else about the company, right? You have no idea what their earnings are. And we certainly don't care where it's going to be a couple of weeks from now. This is like surfing. This is a wave. We want to catch the wave. Let's say this is just complete collapse. We think maybe it could go down to 50. You know, where I would get involved here is I would buy an out of the money option. Like this, like even the 60s, they were just at 140. Now they're at 210. But you could buy the 60s at 140 and you could say, okay, if we get a three point down move, we're going to make 50 to 100% on that option versus if it rallies eight points, our risk is only that 160. So the benefit of the options on a play like this is if you get an exacerbated downside move, your option will swell up. If you're wrong and you miss, you could control exactly how much you can lose and the risk is very defined. And let me just remind everybody that at the end of this presentation where he just mentioned, we're going to actually tell you a little bit more about a workshop that we're going to do a month workshop on how to teach you this because like anything else, we can only talk about, you know, we don't get fit so much to spark your interest within an hour. But our goal is, is that if you like what you hear and you want to see it, we'll show you how we do it over a course of one month and train you and see it over and over again because not only do we kind of more day trade, we do swing trade. And when it comes to swing trading, you know, you could also hedge yourself on the options is that's what, you know, and that's what basically what me and Adam looking to do. But I really want to, you know, I know we talked about the rent trade and stuff like that. I want to kind of show, he's a Revion. That was a pretty good one. I want to bring up Revion. This is probably my best trade of the day today. I want to talk about and I think this will probably tear us off. I don't know if you could look at the past, you know, Adam, but you know better than me, but Revion was probably the best short that we had today in our room. Okay. And the reason why I'll say that and we bring this up and show you, let me bring up the chart on here, R-I-V-N. So you could see Revion right here has got crushed right at the open. Right here at 9.30, just went from like 10.30 all the way down to a lot being 9.50. It wasn't, well, listen, it wasn't like that other one. That one was extremely volatile. But this is where I'm trying to get to. We've been watching Revion for a long time. Revion, you could look here on the long-term chart right here that the stock got crushed. It's basically a losses deal with Amazon. It went from $16, dropped down to about 11. This stock right here, if you go back as far as you can, this stock is breaking all-time lows, which is another thing that we kind of teach you in trading, you know, what basically that means. But what I want Adam to show you is what we spotted today that my traders in the room, we've been watching the stock for several weeks now, okay, is this. There was, you see this little red one. Does everybody see this right here, this line right here? Everybody see that? Okay, that right there is $10, okay, of a buyer. That $10 buyer has been out there for weeks. And he always shows up every at 9.30 every day, okay? And if you go back, if you have the, if you have a certain software, you can actually go back, you could see it even if you have this one. But my cold, this is what I want to show you. And I'll show you exactly what we're going to look at. Let me just, let me clear this out. Let me show you what's going on right here. So I'm going to zoom in this area right here. Hold on. I'm going to bring it up over here. And I'm going to bring this number here and you're going to see that number there. You see it right there? This is the actual order book right here. This is the current order book. These are all the orders. There were 1,000 shares at 1012. Yeah, 4,000 at 1010. But when you got to this 10,000, this, could everyone tell me how many shares is that that you see right there? What number is that right there that you see? You can't see that number. I tell everyone to quit trading. 600,000 shares. Do you know what 600,000 shares with $10 stock is? That guy's been there forever. Okay. For several days and I'll even show it to you here. Now, this is just an easy way of just looking at it. So here's Revion. Here's the long-term start here. And let me zoom in over here is what I'm talking about. So if I draw a trend line at $10, you could see here that 10 going back in February, going back over here in late April, and so on. A lot of support levels. When you break support, that support levels comes to resistance. So my question to you, Adam, is to show everybody, did you see any orders at $10 out there? Any future orders? Any orders that got executed? Anything that you would have seen that be like, you know what? Not only do I see it on the buyer side, but I see it on an option side. Did I see it where? When I was looking at Revion? No, no, no. Do you see anything? Could you see anything that got executed right at that number right around $10? I wouldn't be able to see that. No. But if you did, if you did be able to see it, would you have known and say, see that order get executed and would have got out if so, if that big iceberg order got executed? Like, if you had a buy out there at $10 on an option, and you saw that 600,000-chair buyer grid executed, would you still want to own that option or would you want to cover it? Do you want it out of there in a second? Exactly. Now, the point is, this is what me and Adam are looking to do, because some people are biggest failure rate in trading, and the main reason why most people are here is because they don't know how to take losses. That's the biggest thing. And I guess what I mean, Adam, was talking about yesterday, and one thing that I always go by is everyone likes to talk about the winners. You've got to learn how to lose first before you can make money. And nobody knows how to take losses. And here's an example of a stock that, if you didn't know that order got done, and you did a swing trade, and you sat there and be like, oh, it's revion. I own the car. I like it. When you take things personal, that's how you're going to get hurt. And you can see this little ball right there. Does everybody see that big ball right there? Does everyone see where it says volume? Everybody read that number where it says volume under that quotation? How many shares is that? It wasn't $600,000. Yes, it was almost a million shares that got executed at that price. That's how many shares got executed there. Yeah, it's a big order. Now, the way we're going to teach our classes with you, and what we're going to do in the next month in this workshop that we're looking to invite everybody into doing is that by seeing that order out there, Adam would have been like, you know what, pal? So there's a really cheap option trade out there. Let's put a put on it. And boom, he would put a put on it. And you know what? That would make it that much easier if you understand how to play an option trade on that one. And that's the really way you got to kind of go about it. All right. So now let me ask you this, that people were trading Rivian, right? Like if you wanted to, how would your community currently trade that? They would get shorted? Shorted. Right. And so you would go to short a thousand shares, you would do, it would be $10,000. Correct. And if it went from 10 to 9, you would make $1,000. Or 10 to 50, like right here where did that 10 to 50. And if you made 50 cents, 50 cents on a thousand shares, 500 bucks, $100,000 salary. Now let me show you something cool. Can I share the screen for a sec? Go ahead, share it. Share screen. Okay. So this morning it was a 10. Where did it open, Rivian? It opened at... It opened at something like 10.30. Okay. Do I want to... Is my screen in full screen mode, you can see it clearly? Yeah, you can see it. All right. So it opened at 10.30, right? Okay. So check this out. So let's look at the 9.50s right now because that's proportion. It's down 70 cents. So 9.50... No, this is 16 cents. This will be even more. So it'd be the 9. So it went from 10.30 to 9.60. It's 70 cents. So right now it's 9.66. So the 9 would be this. So if you wanted to buy the 9 puts, so this morning that would be the 10 puts when it was trading at 10.30, right? Right. It'll be 3 cents. Okay. So we're not going to do this because it's options, but this is the allure sometimes. If we wanted to do the equivalent of shorting 1,000 shares, right? It would be... I don't even know if it'll let me do it. It won't even let me do it. Okay. So if we did... I mean, you can't... It won't even let me put that big of an order in. But bottom line is if we bought 80 of the puts, it would cost us $240. Okay. You see the max loss? And obviously if it went to zero, which it's not, it would be 71,000. But if we got a 70 cents move in this, on $240 risk, we'd be making $5,600. Okay. So... And even right now, let's say we thought raving on would go to 9 by the end of the week because today's Thursday we have today and tomorrow, instead of shorting it for $9,600, we could literally just buy the 950 put, which is in a move with the stock, right? And if we wanted to risk $500, right? If we want to risk $500, if raving on went to nine, we're making $3,000. Okay. So when you take the ideas that you guys have and you add this options component, it's incredible because you could do so much less risk. Obviously, we've got to make sure that they're moving and there's a market. Not all stocks have a market. That's why we need both. Like a dial that you gave me didn't have an options market. It's the only way to make money now as a stock. But for this right here, for this right here, let's say you said I want to make $500. Okay. $500. That could be this. If you thought they could move 50 cents, then instead of getting short and the fear that Tesla says they're going to buy Rivian and all of a sudden it's a $17 stock overnight, you just lost $8,000. You just buy the option. It would cost $100. If it goes down 50 cents, you make the same $500, but you're not using $10,000 to do it. You're only using $100, right? And if Tesla announced overnight they were buying Rivian and it went up, the most you could lose is $100. That's the beauty of the options. You don't have to make it as you pop into like an insurance policy. Well, it's controlled risk and you still get the same benefit of the upside. The only way this stuff doesn't work is if you want to be a long-term trader. If people on here are saying, no, no, this isn't the way I trade. I want dividends. I want to own stocks for years to come. Nothing I'm saying is applicable. But what I think your community does and what I do is we're surfers. We see a wave. We get on the wave. We get off the wave. If we're going to surf, this is a better way to surf. This is not better. This is literally another option, you know? It's called options. Yeah. It's just cool. And then one more thing is, let's say like that $10 buyer became a $10 seller. And let's say you see that iceberg order there and it's sitting there. Well, now we might go out until next week and say, okay, it's down. We think it's going to stay down. So we could sell the $10 call by the $11 call for 18 cents. And let's say we want to do 20 contracts. Now we'd be risking $1,600, but we would make $340, but there's a 70% chance of success. So if we wanted to just put in an order and say it's not coming back up past 10 unless it gets through that order, we could throw this in there. And most likely there's a 79% chance we'll make $360 by next week, literally doing nothing. And if we're completely wrong and Rivian ran up to 11, sure, we could lose 1640. Now, if you didn't want to lose 1640, you know, you can make less, you could do over 10, you could just 820 to make 180. You know, that's a bare call. These things, and especially when you have more conviction, like here's a good one, like that's why I was asking, I know you said you wouldn't use iceberg orders on GL, which by the way has gone down seven, eight more points since you started this call. You're good, man. You find things that are moving. That's what I really like about you. That's what has me excited. You know, that's what started all these conversations. I hope that comes through. Like the fact that you got on a call and 30 minutes later and said, this is a short and the stock's down seven points in 30 minutes, that's like legendary. That's like the only reason why I like, I didn't want to push it too much and talk about it because once again, it's, it's a little fast. It's very risky and very fast. Yeah, but let's say like for April 19th, let's say you came in and said, oh my god, there's, well, okay, the options aren't here right now. But let's say you came in and said there was a whale at, it wouldn't really work because these are tooth fin. But do you have any more popular stocks where you could find an iceberg order? Oh yeah, there's plenty of them. I mean, I'll even do a brand name stock. I mean, I'm just showing you like, I want to just bring up what was active in a day. I want to, I want to get more of those. I enjoy that. But if you want to stock in a level, I'll show you something. You want to show the iceberg order and I'll take it back. Yeah. All right. So let's say, let me see what you find something. So you could take the screen. Yeah. Yeah. Let me just have to find something a little bit more brand name. Now the problem that when you deal with a little bit more of like the fabulous seven type of stocks, once again, options that of course you're more, the stock cost you more, but it applies to everything. Okay. It applies to everything. Okay. I will bring up, hold on, let me find, I'm going to bring up, I'm going to bring up some, some brand names because it works for brand names too, if they're, if, you know, but you could probably do this more on the long-term chart. Let me just see. It's loading up. Sometimes I deal with these. All right. So, okay. Let me bring up, let me take over control and show you what we got going on here. Trying to get the screen so I could share this. Oh, duh. Sorry about that. All right. Screen one. All right. Can everybody see that? Okay. All right. So I'm going to bring up Apple. Let's bring up Apple. Okay. So Apple's moving up pretty nicely. We had a big rebound in the market. We were down like 250 points or about 19. Apple's doing pretty well. So Apple, um, just want to bring this up and show you what it got going on. So you already have default orders. You got a big buyer right here at 165 for about 295,000. You got another quarter million at 180. You got another quarter million at 190. And here you have that 800,000 shares. So 200. Remember I was talking about this yesterday with Tom about those limit orders that are out there in the future? Now, if you look right here, you see right here in the market opened up, here's 930. These orders don't kick in until, this is what's called program trading. These orders don't come in until now. They're right there. How they kind of popped in there right there. Yeah. So here you have your limits. Now what you could do now is kind of tell everyone, well, because everybody's like, oh, I want to trade Apple options. Apple options. Okay, great. Let's look at the Apple options. Here are your limit orders out there already. And let's just see where these orders are out there. Now, if I don't know if anybody's remember when I bought this up to Tom, I was kind of asking him, and I don't think you really kind of understand the question as much. But what I was trying to explain to him is that, and maybe you probably understand Adam a little bit more because you day trade. He doesn't really day trade, stock trade more, like you say, does more options. But if somebody puts an option call out there, something like ridiculous out of the money. Is that order getting like you just can't put an option order out there without without risk? You're reliable for it. Yeah. You're liable for it. But do you think somebody will put an option order out there without making sure that they can cover it in the stock market? Tom did answer you saying that usually those big orders have stock on the other side to protect them. Right. That's what I'm basically saying. So isn't that wouldn't that be stock on the other side, but put that order out there? Yeah. Okay. So that's my point. So if you look at an option that if somebody would get to execute at 200, you could see right now there's a 768,000 share order out there. Now that is a real order because you can't put orders out there. The exchange won't let you put orders. Exchange won't let you put orders out there. Those are real orders. Okay. So they're not fake orders. Now somebody could cancel their order. Some people could change their mind, but you cannot. And I wish there was a brokerage firm out there. Let me put fake orders out there. You can't, but that's a real order out there. Now what I like you to show everyone here, you know, Adam is show me some of those big orders out there on options. So someone could have a game plan and like, what made that big option pull out there? Would you say 180 is the near term level there? Yeah. Like right now you could see that there is a quarter million at 180. There's another 395 is six here at 165. You could see them already out there. Okay. Gee, I got halted. So if you go to Apple, yeah. So if you go to Apple and you have the 180 level, so now what we do, I'm sorry, I didn't change subject, but damn, you know what, I would have. That was a great call. It was supposed to be a fortune in being in his room, but it could have made a killing on that. That's fine. Did you have any or no? No, you know what? I don't like to teach what I'm doing webinars and I have stocks because I have ADD. So I can't do two at one time. Me too. We're the same. So let's say we go 180 on Apple and we go to next week, because that was the near term level. Right. There's not much there, but you have the 180. Like I wouldn't even do this trade. There's no premium. That's part of the problem is that we're in such an up market, bull market, that premium is lagging. So what I maybe do is maybe go out an extra week, but do it ahead of earnings and say 180 will be the near term top. And here we could sell the 180 and buy the 185. And this isn't a trade I would make because it's 10 to one 90% probability that you would just collect $276 off this. And why is your maximum loss 2700? So we did six contracts. Okay. So we did six contracts. We're selling the 180. We're buying the 185 for protection so that if it went above 185, we can't lose. Okay. So the most we could lose is 600 shares, five points less to 46 cents. Now, if we did one contract, we'd be risking 455 to make 45. Doesn't sound a good trade. No, no. This one's a high percentage trade, but the risk reward, usually I'm doing this where maybe I'm risking 700 to make 250 or 300. You are the house in these trades. So you're going to lose more than you make on a credit spread, but you're going to win 18 or 19 out of 20 times. And then what I do, what I just did, I just made a really good trade in Tesla. I don't know if you saw last week, there was news on Tesla on Friday in the middle of the day came out that they weren't going to make the inexpensive cars. And Tesla dropped from 172 down to 160. Going into that, we had a bear call on Tesla. So we had the 172 50, 175 trade on for like 80 cents. Okay. Now, when that Tesla dropped 10 points, we could have covered these for 40 cents, but it was a little hard. Like the market got messy because when you see extreme moves, options market gaps out because they don't know what's going on. So everyone steps back and says, well, if I'm going to fill here, it's going to be for a really good price. So then what we did was rather than try to close the trade, we sold the 160, 157, 50 for 45 cents. So we took both sides of the trade. So that's the way I defend trades. If it starts to go against me, I'll collect credit on the other side. So the risk was 250, doesn't change, but now the premium collected increase, which lowers my overall exposure on the trade and increases my profit potential. So if I just had a bear call, I'm making 85 cents, I'm risking 250 less 85. So I'm risking $1.65. But once I add an extra 45 cents here, now I collected $1.20 and I'm only risking 250. So in one contract, I'm risking $250 to make 125. And so what happened was Tesla shot up and when it got to like 170, we collected, we bought back the 45 cents options we sold for 4 cents, home run, and then we were even on the other one. So we just closed the trade for a 45 cent win. So it's management. So a lot of times I might start off with like, and again, this isn't the trade I would, Apple's not a trade I would do, but it's a little, it's a little too extreme. But if we went here, if we did the 180, 185 for 40 cents, we could always add in at the right time, like a 160 to 50, 150, 750, and now it changes the risk reward a little bit. This one's not a great example because there's no premium. They're not expecting Apple to move that far, but that's what you could do. Now, let me ask you a question. Do you have to, on the option side, do you, the price right there, like let's say Tesla right now is hovering right around 170, so that's at 174.20. There's an option call out there at 175. Could you do an option call out like 174.98 or has to be 175 flat? No, it has to be 175 flat. But like, you could get good money for that even for tomorrow. Like that's $1.25. So if you thought there was an iceberg sell order at 175, you could sell the 175 call by the 177.50 and this is the kind of trade you would do, where you're risking $6.84 to make $3.12 on the idea that Tesla stays below 175 by tomorrow. Okay, so this is my problem that I have with the option on that, okay, and this is where I kind of train my traders to be very careful because everybody out there, first of all, we always teach everyone, never, ever, ever buy and sell things and in zeros and fives. Okay, so I'm going to show you why that is because what just happened. All right, let me just share my screen and show you what's going on here. By the way, I've never seen anything like this. GL got halted again at 56. I've never seen that. This is like a movie when you see stock collapse like that. This is just complete destruction. Yeah, got hold of 56. Yeah, when we started with, what was that, 75? Yeah, that was a pretty good short. What was the news on Rivian? I don't know, Rich will be able to figure that one out. I'll put it in there, but I want to show you something on Tesla really quick. So Tesla, look what happened to Tesla, right? It never hit 75. Okay, it hit it. It got close. If I zoom over here, blow this up really quick here. So you can see right here, it got close to it. It never got close. It was only like 60 cents away and then it dropped to 74. And same thing right here. Now, if you look at level four, there's a 97,000 share at 75. So it's like they already know it's already out there. You see, so that's the issue. So you might never get executed at 75 because they know that the orders are already out there. But if you went out there and you sold it just before, like you always want to sell them to strength. So if you know a stock's going up and you come up to a big iceberg order, you never want to sell to that big iceberg order. And we're going to teach you this in our one month class that we're going to be teaching why that is and how that happens on my perspective. But then when Adam comes in, he'll show you exactly how to implement that as an option because you do want to, if you had an order out there and if it doesn't get hit, this is one of the reasons why you're probably not getting like, oh, it was only like 30 cents away. Why didn't it execute? This is one of the reasons why. So it is important that that's why being Adam here because a lot of people fail in options and don't know why and like, you know what? I could have, could have, should have made it, but they wanted and didn't know why it didn't ever hit that strike price. This is one of the reasons why. So when you implement level four into that trade and you want to know why that order was out there, this is one of the reasons why. So like I'm like, I would probably say like I'm the Marines and like Adam's like the Air Force, you know? So like I'm the first one that goes in and I'll report back to him and say, Adam, we need your help now, that blows place up, you know? And that's where, you know, the destruction is when it comes to that, you know? But me, like we're like, we're like, you know, we're the ones in there. We have to kind of feel things out what's going on. Just got to be smart about it. So yeah, they're talking about, they just talked about it on CNBC. I had up the, what the GL. Yeah. I mean, that's what you got any more that you guys are looking at today? On the loser's side, I mean, there was the APVO that dropped. That was a little too cheap. You can't short that one. Rent was pretty good. That was the one from yesterday. This one died on us. This one's an IPO, MNDR. So we didn't want to trade that one. We backed off on that one. This one was on our watch list, but it died. This one we had this morning. This one moved pretty well. I got in, I lost money on this one. And thank God I did because it dropped from that seven. It dropped only to six, but it's starting to make a big move now after 12. Once it got past this seven, you could see that that seven was resistant and now became a support. The stock's a 51% of 2060 cents. And this one right here, the issue with this one right here is this. There's a huge iceberg order right now that's hovering right around eight bucks right now. So you could see him right here. See him right there? Like 35,000. And he's been out there since this morning. So once this order got filled right here, right around seven, now that seven becomes a, that resistance becomes a support. Now it looks like we're getting close to him right now. We're going to see if he gets executed. You can see it right here. I'm going to share both screens. You can see it here. Here's the level two. You can see a time in sales. We're getting close to that big order. We'll see if he gets filled. Do you see any options on that? There are none. There are none. Okay. So I just went to go look, but now when you see these things, do you guys look to see what the news is like to know that like on that other one there was fraud versus like a biotech announcement versus earnings? Well, I can tell you this, biotechs, I've used for 30 years, biotechs never come back. They'll never, if they lose FDA approval on something, that is everything. They never, ever come back, very, very rarely. Something like this, like, you know, this is obviously, this is a biotech stock. And obviously, you know, it's pretty good news. You could see here on the long-term chart, we were trading this last couple of days. It was right for about 250. It ran to 11. It was more of a short squeeze. But what's happening now, it's starting to consolidate what we call that it never really backed off too much, but it's starting to be pretty strong. But it does have, if you see on the long-term chart here on the right, it's been having a tough time breaking right around, right above this $8 price range. If it does break it, then we got halted again. GL is on an off-trend, starting to make a little bit of a bounce. Got to hold it down. That was going to happen eventually. You know, I mean, the thing came down way too much. You could probably have a couple of people covering right now. But if it does get past this eight, you know, then, you know, then we have to look back and say, okay, well, next biggest seller out there is at 9 for $4,200. You got about $10,000 a year or $5,840. But you're starting to see, this is called a ladder effect. Now all the people are starting to push it down. See what says 95, another $10,000, another $6,000 showed up. They're coming in there filling in. So now orders are starting to come in. Now it's starting to drop. You see how it never hit $8? Yeah. It never hit $8. That's why that's like, you got to be very careful of the whole numbers. Most people have a mentality to think that. Now, do you, so I feel like the biggest thing with, with these trending stocks, and we could almost call them waves, like if you're using iceberg, then waves, I guess is the thing, right? Right. Right. I actually did, for some people that never watched me before, I just came out, I did some really nice, I just started pumping these out. I did a really good YouTube video. I just have to open my garage for the landscaper. One second, I'm going to have a second. Yeah. That's what happens when you get home. Hold on a second. Let me bring this up. Let me go to my channel. So here's my channel really quick. And you click on videos. Right here are a couple of the videos that I just did. There's a part one or part two about how to use NASDAQ Book Viewer. I did do one, which is our most popular, which is popular right here. You can actually get it on Thinkorswim also. I'm trying to get Tasty Trade to kind of get level four on their book also. That would be amazing, but it's a lot of work. But they have it on there. There's a couple of good videos on that. But I have, here's our event that's going live right now. But yeah, there's a couple of videos here. So if anybody wants to kind of see and watch some of those videos on how to kind of like, how to use them a little bit better, just feel free to kind of just go on that channel. Watch it, like it, friend it, whatever it is. But any questions so far? We're going to pretty much going to wrap this up. We're already past almost up to our hour. Any questions so far? While he comes back, let me just kind of bring this up really quick. And let me tell you a little bit about what we're doing. And then we're going to stick around and answer some questions for everyone. So basically, what we invite, we just want to invite everyone here is we want you to kind of see how two masterminds, two gurus that have been around for the longest time and how one actually started as a day trader and promote himself to be more of an option trader, where I always stayed as a stock trader, professional day trader, and how you put two masterminds together, because some of you keep hearing about options you want to know. And some of you lost a lot of money in options. Some people trade stocks and lost some money in stocks and don't know why. Well, we're going to try to mix that up together. But we can't teach you how to be a good trader within an hour. So we decided we want to take, do a masterclass for everyone here, which is a four-part class. Now, we're going to talk about iceberg orders. We're going to talk about how to trade the option on it, how to find them, when to get in, when to get out. We're going to talk about risk to reward, all that stuff. And by the way, we're going to, we can make trades while we're on there, right? Right. We're going to do trades out there with you too. But remember, we're going to do trades. Like what I do by students, sometimes I like to do bad trades, just kind of see how you guys react to it. Because the main thing is it's not about watching people make money, it's about how we deal with the losses, because that's everyone's biggest problem too. So we'll get into bad trades too and see how you react to it. So this is why we like you to join and take this big event that we're going to be hosting here. And we're going to get very, very deep on the options and stock part of this workshop. So this program is going to be four workshops. It's going to be a four lesson. We're going to do it over the course of I think over two weeks. We're going to start it in May. And in the meantime, we're going to give you some access, a couple of other things with it. I'm going to bring this up really quick with you. So it's everything that you're going to be getting with it. You're going to get the four live workshops. You're going to get class recordings. You're going to get one month access to our professional trading room that's going to come along with it. You're going to get traders talk library. You're going to be getting live trading in the room. So not only is it more education, but you can also get access to our trading room. Let me just show you the trading room really quick. This is our trading room right now. And you could see that everyone's in here. You could see all instructors here on the left hand side. They've just been chatting away, by the way. I'm just going to bring this up. You could see them here, GL, GL, GL. You could see that Josh, one of my instructors in there, our top instructors, it just nonstop. CLSK has also been another one that's been on the big move too. And we do live commentary. Adam's going to be in there also and is going to contribute to that in the middle of the day. So you're going to get all that stuff. So it's our live trading room. And we're going to talk about the options trading. We'll teach you how more or less the iceberg orders. Now, this is the deal that we're going to be giving everybody for this workshop. If everyone has a phone, you could scan that QR code right now. We were thinking it would probably be a $2,000 program, but we're going to do it for the first 50 people that register for $8.95. That's it. Okay. And you're going to get all that good stuff for that price. You're going to get him. You're going to get me. You're going to get the... Because I know there are a lot of people on Adam's side that know nothing about iceberg orders and high-frequency trades and algorithms. And there are a lot of people on my end that know nothing about the option way they keep hearing about it. They tried it and they weren't very successful at it. So I don't think there's anybody better to bring in than bring Adam. And I've been used to 30 years. I have never done a duet like this because I've always been waiting for the right person to do it with. You've never done this? I love that. Yeah. So we're doing four live sessions where we're iceberg order training plus options training. And what do they get? The room for free for how long? They get the whole room for free for a whole month as we're doing the class. So what happens is that even when we're doing the classes, then whenever they're there, they can always be in the trade room a lot. And then that's where we're doing some of the... Because remember, the trading room is like Sunday football. But you can't learn how to trade in Sunday football. You've got to be there to midweek. And that's what the workshops are all about. Because when you're in there, we're going to talk about it and then we'll discuss it. So we post the link right there. By the way, Fausto, I realized there's people that already have your room. And I think what we said that I'll certainly honor is if they have your room and they're doing the mastermind, I would give them access to my featured service for the month, which isn't a live trading room, but it has webinars with the calls and trades and stuff like that too. So you got both rooms. Yeah. You got both. So that's good. That's great. So there you go. You got more. You got more towards it. That's right. So we got both rooms, not just one room. You got two rooms for $8.95, which I think is an absolute steal. You know what I mean? And basically, like I said, the link is there. And basically, when you get here, just fill this out. Here's that registration page. Here's everything that we're going to be covering in there. We're also going to get coaching with it. So there's a lot of really cool stuff you're going to be getting with the trading room. And if you want, you could always upgrade. If you want to do for a whole year of being a cyber group room, no problem. You could always upgrade right now for $9.97 on top of that. So that's a little last minute bonus if you want to add to it. Now, a couple of questions did come across here. I just want to talk about a couple of things really quick. Adam, and we're going to answer some people's questions here. What if you already belong to CTU? Once again, that's why you're going to have access to Adam's room. Okay. That's the reason for that, Phil. Now, the question is, do I have any questions for us? Can I go ahead and type into the chat if anybody has any questions? Just do that right now. If you want to address a few couple of main questions that do come up, that's very popular. So why everyone's asking, let me tell you everyone this. So do I, I never heard of level four before. And that's fine. A lot of people have, having, unless you are a market maker like me on the New York Stock Exchange, on the NASDAQ market, that's who we used to trade on something called Instanet, just basically like Instanet. All right. I missed that, the level four. I used to see that on my platform. I traded on at Daytech and we have Lightspeed, which was all the quotes on the bid and the ask. And it's a big advantage. So I'm excited to show people what that's about. I think that'd be really cool. Yeah. I mean, listen, you know what, the problem, and I tell everyone's the issue right now is like, I'm also featured at NASDAQ, you know, every, I've been there for several years now. You can actually watch some of the videos, we're on Instagram, you can watch some of the shorts I did with them. They, I'll actually show you right here really quick. Here's some pretty good shorts. Here you go. So here's some of the shorts that you guys want to watch them. But there's a couple of videos that I was actually broadcasting recently. And let me explain something to you. The exchanges want you to know how to trade on their markets. Because if you know what you're doing, you know, you'll be able to client theirs forever. And like the differences back then when Adam started and when I started, you can get NASDAQ BookViewer for $15 a month. Back then we used to pay $1,000. You know, it was a fortune. I mean, it wasn't cheap, even level two wasn't cheap. Everybody's like, I'm going to pay $8.97 when I started for level two quotes. Now it's like you get it for free because it's pretty much obsolete. But don't worry about buying anything right now. The only thing you need to buy right now is the $8.95. That's all you need. So don't worry about it. You need this before or after. We're not here in the software business. We don't work for these companies. None of that, you know, but that's the most important thing. How much of an account do I need for this type of a trading? I'll tell you the exact size of account you need. $8.97, $9.95. That's all you need. Don't worry about brokerage accounts and you need to get started, whatever it is. You don't need any of that money right now. The biggest mistake I always tell everybody is like, why would you want to go buy a car if no one ever taught you how to drive it first? You know what I mean? Just let's show you how to play the game. If you got the brokerage account, run perfect, but you don't need one to be part of this, you know, to be part of the training and also or what kind of brokerage account that you need, whatever it is, we'll discuss that when it comes down to it in the class right now. Whatever you have right now, we'll work fine. Okay? We're brokerage from Neutral and that's where we're here. And how does a live cybergroup trading experience work? Like I said, Adam is going to have his room. He runs at his certain times. We run all day and out certain times. You could bounce back and forth. You don't have to worry about that. Do any special tools of software that trading advantage for this invitation? No, you don't need anything. If you were able to get into this room, you're fine. That's it. That's all. You don't have to, you don't need any special software or anything that needs with that. All right. Now, we got a couple of chats that came in here, Adam. I'm going to go through it really quick. And let me just leave this up there so we can see what they're getting. That's it. Do you only day trade stocks or is it swing trading as well? John, I also do swing trade. Absolutely. Okay, absolutely. But you can't be a good swing trader unless you know what happens over the course of the day, because that's what trickles into it. And if you want to be a good opposite trader, sometimes you want to leverage yourself and you don't want to tie up all that cash, and you always need to be in cash. You always want to be, that's why I like trading. Especially I like to sleep at night, but I do do my swing trades. Listen, I have my own IRAs and everything else when it comes to that. Any other question? The cost? Yes, Joe. It's $8.95, the cost of that workshop. Yes. Well, it's four parts. And then they also get a month free of your room or my room. Both. It's pretty cool. Because like that person said, well, I'm already in Faust's room, why am I going to pay for it? No, you're getting access to Adam's room too, that you don't have to worry about paying for. Listen, let me just tell you something. I think you just paid for the class if you just shorted the stock that we were in the in the GL, right? Kind of paid for itself. You could have made money right now on the short, on C, you know, if you didn't see that big iceberg order right here, which we're going to talk about, the CIDL. You shorted 100 shares on GL when you said to to start this call. You'd be up $2,000. Yeah. By the way, I don't, I would not, that's not, I don't think that's what we're going to be trading. We're not there yet. We're not like the guys who are like compounding. Like if you would have done that and then you did it again and again, you'd have a million dollars. We're not doing that stuff. No, we're going to make good trades. We're going to provide good education. But I think at the end of the day, what's always drawn people to you and also what's always drawn people to me is we're real. We love trading. Like if there was no one on this call, you and I could be sitting here for an hour talking about these same trades and having a great time. We did that. We did that on the plane. We did that in Florida. We did that when we got back. So now this is just a chance to go for people who like trading. This is not for buy and hold investors. This is for people who like the action, who want to trade and find good ideas. If you want to find good ideas, then I think this is going to be a really cool experience. Question committed. Joe's question. And for a year in the trade room, yes, for $1,000. So usually that goes for over $2,500, Joe. But if you sign up, if you want to upgrade right now with the workshop, it's $9.95 for a year in the side group room, in the trading rooms. So instead of being there in a month, you get a whole year. So that's where you get that coming into it. And you got to remember too is like, and let's just kind of remind everybody. I'm getting a couple of dings right here. Some people registering already. Beautiful. All right. You probably hear my phone ding. All right. So anyway, regarding about that, everybody, you hear so many people out there preaching and you might go on YouTube and be like, hey, Fausto, this guy's got a million followers. Why don't you have three million followers? First of all, listen, Adam and I are not the greatest YouTubers. We don't really care about that. It's not our job. There are people out there that's all they do all day. There's a lot of bad actors. Adam's been long enough to know what you can say and not say, how to be compliant and not be compliant. I mean, I don't know if anybody knows this, but I just found out recently, I didn't know that you were on Jay Leno show. Yeah. How did you get on the Jay Leno show? I want to ask you. Well, I did some dating shows on NBC and we never talked about work. So I made it to there were 20 guys competing for Miss Missouri and I made it to the end of the show. So it was me and just one other guy and they came in and they said, by the way, what do you do? And I was like, I have a trading firm. And at the time I owned a trading company with three other guys and my job is to teach people how to trade. So they came to my apartment in New York. They sell Fortune magazine articles. They came to the firm and like, are you a millionaire? And I was like, yeah. And like, can you say that? I'm like, I don't really want to say that on TV, but like, what can you say? And so I talked about it and I have like thousands of people writing about the market. And by the way, so the name of the show was average Joe. So it was regular guys going for Miss Missouri. But when it came down to the final, when it came down to the final three, they brought in three male underwear models. So in the end it was me versus an underwear model and she chose the model. And people were so upset that I got my own show, which was called Adam Returns. And when I came back on the show, they're like, Charles Schwab wants to sponsor something where you teach the women how to trade in a competition. So we did that. And I did a trading competition on TV. And honestly, the interest generated from the public, because I was teaching professionals how to trade, there were so many people that wrote in, that's what led me into this business. That thousands of people were asking for help in the market. So I started a community. But in answer, so in the, in the finale of the show, there were 30 million people that watched the finale. So they had leading up the finale was on NBC. They had me come on the tonight show. I think it was, no, they had me on to talk about my second show. So they had me come on to talk about the second show, which is really close. How long was that? So I did it 2003 and 2004. Oh, right before the crash. Yeah. Oh, my God. That's out. You're saying 2003, I started 95. When I first got started, you backed that too. But think about now it's 2024. You're talking 20 years ago. Yeah. That's scary. It's a great memory. Yeah. But you don't forget that. Well, my, my, my, my whole of fame was I was almost on a, I also have a cook, I have a home living channel. So I was, I was almost on with Gordon Ramsey on the master chef show. Oh, really? Yeah. Yeah. So I was out of like 35,000 people. It was a second show. I was down to the last 25 people to get, no, the last 200 people to be on the show. And it came, it was me against this other person from Long Island. And so I had a passion, I mean, if you watch my show, it's all, I love, that's, that's my therapy. Like one of the things I do is like, I teach people how to cook, but then, you know, I love to garden, I love to cook. I love to take care of chickens. I got them over here in my house and stuff. So it's fun. You watch this pretty cool show. But what happened there was like, it was just me and him and not as fortunate like you though, they liked his story better, which looks like that's the reason why they liked you too. He was like, his wife died. He's taken care of his kid, you know, and, you know, this is his passion stuff. Italian kid had a much heavier Italian accent than me. He was like, we know, you know, and, and he picked him over me and, and fortunately, he, he finished third on the master chef show. So, so that, that was like this close to getting on that one, but that was pretty cool. That's pretty cool. But I like yours. That's awesome, man. That's awesome. So anyway, getting back to registering for this event, listen, this is why we're here after 30 years, you know, each been around for so long. It was the first time that I ever teamed up and did a workshop with, with somebody like the level of Adam Mech. So I think everyone will pretty much enjoy it. So take the time, register for it. If you have any questions, you could always email us and we'll be happy to get ahold of you and discuss it. But like I said, this is, you know, log in now, get into the trading room. Don't wait last minute because we want you in the trading room to kind of get your feet wet and start getting up there. And then you'll be able to get there. One last thing I want to bring up regarding about that stock, CA and DL. Okay. Yeah. I'll give this up really quick for you. Look what happened to the price of the stock. It never tested $8. Never tested $8. And it just keeps going lower and lower and lower. If you look here at level four, see how never tested it. And all of a sudden, another guy jumped across him for $9,000. Look at that thing drop. If you didn't get out right before that $7.90 and didn't know that, now you're at $7.20, how's that working out for you? These are things you're going to learn in this workshop. All right. I love that. I'm excited. I'm excited to have everyone come on. So we're going to do this in May so they could sign up now, right? And then they're going to get the four sessions and access for a month. And I think, I literally think one day of trading, like I used to sell pop-up events where I would live trade for a couple hours and I would sell it for like this much, because the idea is that we can make thousands. So I love the idea of the four events during market hours. That's a key factor is that it's during market hours. Thank you. I'm going to break it up over the course of the week. So it's not like, you're going to have four lessons back to back. You're going to have a lesson. You're going to digest it, you know, a couple of days later, we'll do the second one, a couple of days, I'll do the third one, you know, break it up over the course of the month. So we can kind of work our way through it. But it's basically, you guys got a little taste of the, what we're going to be doing. Any other questions? Any other questions? Good to see you, Bill. Actually, Bill, I don't know my students in there. Where do you go, Bill? Hope you enjoyed it. All right. So like I said, you got our emails. You got the registration. If anyone has any questions, feel free to email me or Adam and looking forward to it. All right. And thanks for being here. And you created a lot of buzz. I love the way you just call out stocks two days in a row. It's one day, one day, maybe two for two. I don't even think that's lucky. But not ever four for four. That's, that's, that's impressive. The goal is to teach everyone else how to figure out in their own. That's the key part about it. As long as you figure it out on your own, you know what you're doing. You know, like I said, listen, I'm looking forward just to take the class, just to learn from you. You know what I mean? To see what you're doing on the options, because I always want to learn, but I was never really good at it. But likewise, and your, your idea flow is going to be invaluable to me. So I'm hoping this is the first of a bunch of, you know, like you see me with other stuff, I'm not organized with events and marketing and all that stuff. But when it comes to trading and spending, I could do this all day. I could literally come on with you at nine and go to 430 and be psyched. So all right, cool. All right, guys. Thanks for listening. We'll see you in the trading room and please everyone join the sign up soon. Bye.