 Folks, we are back. Welcome on back for our final edition of Traders Talk for this calendar year 2023. Great to see all of our students and members alike. Once again, we have Abdul, Grant, we have Margaret, Phil, we have Charles, Ravina, Brad, we had John before, Brian, we had Kathleen, and a whole slew of our students joining us inside our live trading room. Of course, let me know if you can hear me folks loud and clear inside our chat board, but great to see all of us there, great to have all of us back otherwise on Facebook live, LinkedIn, Twitter, YouTube, the works at CybertradingU for anyone that is new to the stream. Well, allow me to introduce myself. My name is Josh Levitin. I'm Faustos Senior Instructor here at CybertradingU. Welcome aboard to Robert G joining us on YouTube might I say, Roberto, might I say Roberto G. And with that, hey, if you are not subscribed just yet, be a friend, tell a friend, hit the subscribe button and always look to spread the good word of Cybertrading University at CybertradingU on all of our social media streams and platforms alike. But here we are, Tuesday morning as such coming off Christmas though, might I say again, Merry Christmas to you and yours and happy new year going forward, right? Hopefully it is a happy, healthy, most importantly healthy, but alongside those two a very prosperous year for all of us alike. So without further ado, great to see Ron, one of our new trial members joining us here. So whether you are a new trial member joining us inside our live trading room like Ron B is here today or joining us on YouTube, Facebook live, et cetera, fairly new to Cybertrading. Here every morning, traders talk or every Tuesday morning might I say, at 11 o'clock Eastern we conduct our weekly workshop traders talk. This really gives us the best outlet to go over the X's and O's as to why a stock actually made the move that it made. You know what I mean? Not just like, oh yeah, looking back at hindsight everyone should have bought at the bottom and sold at the top and oh yeah, if trading was that easy, right? You know, if you ever students call that AMD today. I'm just using this as a very quick example but hey, this is a stock that we love and you could have done really well on this trade in the morning. But you know, here in traders talk this workshop the goal of it is not for me to tell you, oh yeah, just buy the bottom here, sell the top here. Done, that's all, that's easy, right? No, yes, we are going over things in hindsight but we're breaking down real moves as they happen at least inside our live trading room. So let's talk about ARBB. This was a phenomenal pop that like probably like 20, 25 of our students collectively at the same time were in and took money on. So you know, to go over this move at least it's actually trying to push back up to $4 as I'm talking. So perhaps as we go through this trade it'll make a new move for us here. But ARBB news came out on this trade early in pre-market. What I'll do is even show my Benzinga Pro news feed. We're gonna do the bunch here folks. We're gonna go over all of this trade from head to toe but this trade started in pre-market. Let's see, I don't have any news for this. I know Rich posted some news on a bunch of trades this morning and I assume that ARBB was even one of them with it being up as much as it was. But honestly, this is all I got here so far from early this morning, eight o'clock. Yeah, this is, there is no technical news out on the stock even. So that can be a little weird of trying to trade it, right? And if that's the case, teach their own, right? Everyone has their own cup of tea and if you'd rather at least have a headline out for the stock I don't blame you. So that's that. But for those that were following this in our trading room without news, well we had resistance at 250, 50 cent level right here in pre-market. It popped a little over it after eight o'clock probably some lead print that came in but otherwise really did a good number after 7.30 in the morning held pretty tightly under that level. So you know that that's like this pretty big level to work off of the more buying that comes in off that level. Perhaps it could pop. Really silly question folks. I know every one of us should get this right away but especially those of us inside our live trading room but what's the next big level above $2.50? Just regardless of the stock regardless of what book mat may look like or level three, you know what's the next assumed level after 250? Especially for cheap stock. Next 50 cent increment here that being a whole number price at $3. $3 is the next assumed level. It's had a little resistance at 265 to 70 the pre-market tippy top right there but I would say $3 is your next assumed level. Let me ask us here folks from Patrick of Dual Brad Margaret is 50 cents a big move from a cheap stock like this $2, $2.50 stock. Is that a big move 50 cents? Do you think 50 cents is big or small? Every one of us saying yes it is a big move Mark saying a huge move certainly. So why would you not think hey if it could break over 250 there is a great case to see this try and run up higher to three. You know maybe it doesn't break three maybe it has a tough time breaking three. Obviously in hindsight, captain hindsight comment this is now trading at $4.20. So in terms of just simple risk reward simple opportunity in terms of what we look for here at CTU just without even looking at what level three and eventually level four looked like at the time it's to say hey if this could break over 250 cleanly why not see a move up at least closer up to three. So hey maybe not 50 cents but if you can get 35, 40 cents out of that 42 cents that's a pretty handsome profit right? And on a thousand shares that's 400 bucks, $420. Here is the issue on this trade after 9.30. This popped and it got halted right at 9.34 like basically on the cusp of the first five minutes right there. So that's where a lot of us probably didn't have the chance to jump in. You know if you're a more experienced student if you're someone that definitely is no more successful day to day with us then perhaps you could try and take the first few minutes. Me myself I typically hold off on the first three to five minutes that's typically what I say. When I saw this pop I wanted to get filled on a pullback at 250 and it didn't give it to me. So the more it popped up I was thinking okay maybe like if there's an iceberg that comes into play I can make a new level. Otherwise three is the next price. Well this did what you all see it did here not just move up more but it got halted. So that's where I decided to take a chance when this started to come in on the HFT is just at what time is it? It was a 10 minute halt. It was right at 9.33 and 32 seconds. It was like pretty much right in that window. I said all right let's give it a shot. Now I got filled right at the high there 277 which I personally hate doing. I'm not a fan of like just jumping in to jump in but hey aside from even just saying three dollars which you assume to be a level. There's only about 6,200 shares there on level four. So right there there's not much showing even. Is there anything even above three dollars? Is there anything even above just even two dollars and 60 cents here prior to the halt? Not really don't really have any orange or yellow and certainly no dark red that would indicate a clear level of resistance really briefly. I have this up before from my coaching session with one of our students earlier Michael and he had a nice trade on CCL. Only reason I bring this up to you is because while comparing apples to oranges I think that we could all see here live today you got a big resistance at 20 bucks. I think it's a dark red line. That's easy on the eyes to call that a key level. On the ARBB after three dollars they're really or even after like 260 a year prior to the halt there wasn't much above that let alone above three. So that's where I said, all right let's give this a chance see if this can make the push up higher and if this pulls back and tanks right away after then I'll just take a small loss or break even just be quick to get out. That's not easy to say for a new student to do by the way. This certainly is more of like probably a level three stock at least given the halt. Thankfully this had good liquidity earlier today. Right now it's thinning out a little bit more as I'm talking so it looks like it's probably just more of a level four I'd say but either way in terms of how we categorize these stocks this is not a stock any new trader should be trying to jump head first into. This is not a stock that a new student of CTU should be trying to follow on a large amount of shares. You want to do it on small size that's one thing you might guess but it's already up a lot when it's reopening up here at three bucks. So if this crapped out the other way I would have had no problem getting stocked out completely break even but thankfully what this did was build higher lows that was shaking around the opening the halt print line here at 297. So certainly if not three bucks you can definitely guaranteed 100,000% say 297 is your key level going forward. It's about a 217,000 share transaction that came in on the tape. Now if you don't have level four you could actually see this the old fashioned way I do want to show that briefly if I could just on the old time in sales. So as you're watching the stock get halted well by the time it reopens up at the time 943 in like 50 seconds roughly hopefully I can get this one shot right there perfect. So it's a 217,000 share transaction it got filled at 297 by the time it was reopened up. So we teach this in our class in the phase one stock course and much further in phase two where you gotta have your eyes on the tape when it comes to seeing a stock reopening up off of a halt because this big price or this transaction creates a huge level for the trade going forward. So where this ended up shaking around on the first candle or two it began to re-solidify itself back above 297 from there we got a pretty big move shortly after. And with that I mean hey on this trade it's just to say you can scale out and the more it goes up obviously you're happy but the more it goes up you are expected for this to see a pullback right. We were saying 10, 15, 10, 30 is that infamous reversal time. We ended up getting out sooner on this trade it tried to pop over 450 it gave us a chance again but once the foot's taken off the gas pedal you know once this stock either makes a very sharp rejection or simply begins to make lower highs over time it could always pop higher but even with this iceberg order that showed up at 450 this is something that would prevent this from making the larger run up. So this was looking really strong up to five we had this order pop up here for about 22, 23,000 if it's not gonna suddenly add a nowhere make a strong push up to it which we don't expect notice the other words that we're using there to describe it this is a lower high and you're seeing the foot taken off the gas pedal a bit there. So the difference between a stock like this and a stock like Neo which is also on our morning list I mean one is up God knows how much percent the other isn't so eventually when this loses its momentum going up you're gonna see a sharper retracement and this ended up pulling back I took a small loss on this after 375, 370 level I looked for the entry it was right here even took the trade and then I went break even again on the second attempt but afterwards I didn't jump back in I was on a coaching call for one of our students we were going over a few different trades but here we are now look at this thing now looks like it moved up just kind of wrapping up this move but you know moved up pretty nicely suddenly an iceberg showed up here at 440 and although that order got pulled looks like the order got pulled the stock went right up to the price and you had the same reaction it's the same reaction that you would have had if that order was there and actually got filled you know they pulled the order but I think it was to lower those last traders in and then they just smashed the sell button at market right back down so you know hey for a stock that's up this much we saw it happen on POL just look at the daily chart this is up like a thousand percent tanked C4 was up a thousand plus percent tanked you know we had the TPST trade which I always love to show from earlier this calendar year that was up three thousand percent I think that's one of the largest moves I've ever seen in my near ten years of being with Fausto well hey ARPB is still right now up three hundred and one percent as I'm flapping my gums right now that means it was up that much more when it was pushing here so yes it could keep pushing up so long as you see something that justifies the push you know hey if it just breaks higher and people just smash through all of the sell volume here that's one thing but more so it's to see hey is there any support that could pull up is there any support that could step in here like a ladder on the buy side this was something popping up but it was on the sell side so that's what pushed this down a lot further now on this trade hey you have the VWAT price here technically at three forty five you do have this order that's been here since ten forty two eastern this morning about forty minutes ago so with saying that this area here should be our next designed support but if it just breaks right under there and then just keeps tanking there's no entry so our whole philosophy of CTU is to go with momentum right so hey I'm gonna do it folks you're gonna be annoyed I'm gonna ask you to repeat my catchphrase for me inside our live trading room so for Patrick and like Joyce and Mark I know that you're quick to the punch definitely what is my catchphrase with buying a stock my best entries to buy a stock are directly after what my best entries to buy a stock are directly after what and Leida actually summarizes it quite perfectly there so technically my catchphrase goes my best entries to buy a stock are directly after it breaks through a big level on the way up well in this case if this is going to be the bounce spot here well we actually need this to break under this level first because that's the only way it's gonna break through this level here on the way back up so in terms of seeing support you gotta see that under and over move that Leida typed in the chat room otherwise a breakout over resistance is just a break over big level it's the same exact thing so here this is just looking for support we gotta see this go under first then back over if it goes under and then tanks there's no ball there's no game to play on this trade that happens earlier on a trade I think ah jeez it's been a long morning folks you had the IINN I think it could have been on this where you know it broke through a big level and it just kept dropping right there's just zero entry so you sit there you're like alright don't feel bad about yourself you're on the right thing but if it just keeps dropping and there's no attempt from the buyers out there then we're gonna follow that meaning we're not gonna take that trade we'll just either you know either see what the next level is which honestly isn't the best plan otherwise it's more so to just say move on find another stock out there that's moving right so you know ideally that's what I would like to do now really quick we just showed book map that is level four but I want to show level three this is the NASDAQ book viewer and just right now live before I go into the question from my student Arthur here I just want to show this live right now right just want to see what the NASDAQ book viewer looks live just at least you know from from NASDAQ side here specifically there isn't really a major sell order out there there isn't anything a hundred thousand plus shares out there 50,000 plus shares you know I can't really rely on a clear level as far as what's on here right now and that's okay you know that you know just because there is not an iceberg order out there doesn't mean there won't be one that pops up it just means that right now there isn't really much that I could dictate an entry off of here at least looking at this order book you know perhaps if I expand the price fields and go down lower you know at 350 it's probably through a different ECN notice there's only only about 4,300 shares right there at 350 well just before on book map on level four technically we saw a lot more from there but that's likely because that's through a different order book or ECN a smaller one but just here in this case this rare case you're seeing a pop up just through this ECN at 350 so it's not showing on NASDAQ side notice though the column where it shows the orders well that's how you could also try and identify potential support resistance so even on the sell side actually as we go up here looking at where my cursor is on the far right at like 410 there's about 13 total sell orders out there possibly that could be a level to work off of for 40 there's about 15 total sell orders out there that could be a level of resistance to work off of definitely 450 then because that's about 37 that that's definitely a larger level above but that's where here at 350 on the buy side notice here there's about 15 16 total buy orders out there you know the size isn't impressive making up 4,300 but the fact that there's a 15 15 total buy orders out there it leads me to ask well what if there's more volume once that price gets tested so you know we talk a lot about this in our main curriculum the phase one stock course we did this actually just this past month so if you're a new new student joining ctu i do recommend for you to even go back in like the november classes the recordings on your webpage just for you to go through let's see something may have just popped up actually suddenly here give me a quick moment and this is likely through the same ecn as the order at 350 look at this whoa on level four this just popped up suddenly 141,000 share buy order just showing up right now at three dollars and 55 cents so it looks like predominantly you're seeing more orders being routed through the edgx book or the arkabook either one so right now that definitely solidifies that area support 350 ish 355 area just see if it drops down there and you know we'll see if it makes that famed under and over move over time but getting back to book viewer at least you could still identify that area as support looking at the total number of orders that make it up because looking at 15 versus one or 15 versus three or versus five versus you know all these tiny numbers there that stands out so that's how you could also identify support resistance with book viewer let's actually go through one quick example here because this one actually I took this picture this morning and it was a great snapshot how so if you're listening you'd be impressed now it's to say that we had this larger order pop up oh you know what shoot I don't know if I ended up clipping it it may have been on the uh morning meeting video I ended up doing but it was a pretty massive sell order out there it was on this II add in stock ah crap I didn't actually take the screenshot we showed it in the morning meeting though at 9 a.m. this morning well obviously it's the line pretty much right here 270 it was a 175 000 share order on the sell side and let's see even on book map if it will show because I think it did there now that was directly through nasdaq so that showed on the book viewer and it shows on book map too so this one will be pretty simple to see here about 189 000 shares in total at 270 so you know when you see 175 k pop up that was it oh this was at 851 in the morning I'm looking at here so this is probably 10 minutes before the order showed up or 15 minutes before right because it showed or no not even like five minutes damn look at that it popped up at 856 I actually took the snapshot at the time 851 it's tiny font there but ah shoot well you see it there it showed up on book viewer try and take my word for that there and suddenly if it's not going to smash through that order at 270 it's more prone to see it drop off so I bring that up to you just because the same thing to a degree happened here at ARBB at 440 showed up before it moved up to the price and you know although that order got pulled the same result happened a massive shake probably a bunch of just market sell-off profit taking there now the question is do more buyers step in and that's what you're starting to see here so this may look to get tested coming up we'll see if this ends up laddering up on the buy side too perhaps over time here but let me get back to my question here there was one from Arthur that I had from email and I wanted to kind of just go into the book viewer here with that so Arthur a was asking how do you set up the book viewer and book map he's actually asking both he's actually in perfect okay so I don't feel so bad talking as much book map there for Arthur he actually has both okay I will tell you if you got book map level four that is then technically don't really need to be following the NASDAQ book viewer this level three if you have level four already that is if you don't have level four then you definitely need to get the NASDAQ book viewer it's an utter like necessity I mentioned that right away in class so at least Arthur has both so Arthur as a as a C2 student we'll be able to get you set up on book map down the line but really here for book viewer what I want to show for everyone is really just showing you like the columns that we use so when you launch NASDAQ book viewer it's going to auto populate a lot of these columns at times and just like just kind of by default there's no save button that's the only gripe voucher and I got with this whole thing so sometimes it might give you all the numbers that you don't need so the ones that we try and focus on the columns that I you know show are orders shares and then like the price meaning bid or ask so all these others here otherwise I'm going to just take off again and it should just give you this you want to make sure that the price column here is checked off because if not it's going to look like this you want to have it checked off so right there and then filters we teach this more in the phase one stock course that I do so more kind of showing you how you could filter this based off a certain price range or certain order size and all that through the filters tab on the top left all right now book map that's definitely a bit more intuitive so that I could talk to you about more on the side perhaps just after you finish up trader's talk where I could just email you back on the side there all right uh when this is Josh screenshot my turn up on windows no it's I checked already just on my other monitor I was checking by my uh file folder and I didn't see it there so I appreciate the suggestion all right so hey II and then dumped off after that iceberg order showed up unfortunately that was a bit of a loser here this morning I had a question from another student um you know I just mentioned it at least generally speaking because they were a bit frustrated going into this week they took a lot of time to study going off of uh you know christmas and the holiday weekend hopefully they they didn't spend too much time studying right you got to spend time with family there right I'm just teasing but you know it's great that they were dipping into the classes still but they they were a bit frustrated through email and I could just tell this from my side of things so without mentioning the student it is to say that their biggest right is feeling overwhelmed by how much is moving out there in the market even before the market opens up and then once the opening bell hits basically when the market opens they say you and Fausto are really just diving into a bunch of different trades that weren't even on the list um you know makes new students like myself very frustrated how do I take advantage of the callouts being made and how do I feel like this will be something that's worth my time so that is a very good question and I do want to make mention right this is not this part is not to this student but this part is to everyone else just as a blanket comment there is a lot to digest in our classes phases one and two you know there's a lot that I teach it's a rotating cycle of classes meaning it's not the same classes we do every single month that actually makes it really boring right so a number of years back I expanded Fausto's curriculum and you know 16 classes uniquely in phases one and then 16 in phase two just one thing to mention in 2024 I'll even show you a small little snippet right here we are redesigning the curriculum it's been a little while it's going to be three months cycle instead of four that's basically what you're seeing there so it's not to say there's less to go through but we're going to be able to at least make it more efficient for the student to go through so you don't feel like you're staring up Mount Everest you know when you're going through the recordings now that is where though we will have a much greater chance to answer this question how do you build up your like personal list throughout the morning and you know really how do you just stick with that everyone is a different human being right so it's not as easy for old Josh here to tell everyone oh you got to do your best to stay focused on a group of two or three stocks and that's it there are some people here that simply don't have that in them to like they're just much more antsy to look at this look at that look at this look at that and that's just like a character trait as a person that's you know everyone is different I have my own character flaws I'm no robot come on so it is to say though that no matter what I say in this conversation I know that I'm speaking to a group of people a group of humans and not robots where I don't have a 100% expectation for everyone to just do as I say it's not as easy right so that's where beginning in pre-market you do want to take the time to be organized and scan you know if I don't if I don't have my list set up at least by 8 30 in the morning then I'll feel like my backs against the wall when it comes to prepping up those stocks that I am interested in even if I do decide to dwindle that list down to a group of two three four stocks and that's it all right well if it's 9 15 in the morning and I figure that out I only have 10 15 minutes to plot levels and that is not going to take you a long way right before them you're going to feel like your backs against the wall so one thing to do is to just simply be a present at your desk if you're able to be at your desk by 8 30 Eastern you have a full 60 minutes to grab your coffee to stretch the legs to take a step back and breathe and be like okay what's on the gainers list here what's josh calling out in the chat what's rich calling out in the chat what's on the pre-market watch list right like simply put if you're not there at your desk doing that to begin if you're you know maybe at your desk but if you're just kind of looking at the news twiddling your thumbs you're wasting time so it's not just being at your desk but it is like eventually hey what's on the gainers list let's start scanning on our own what's already on the pre-market watch list and start from there so let's say i i n n well hey we know this was a loser today that's easy to say in hindsight but after we picked the two or three stocks that we're interested in well hey let me ask us aside from just plotting levels which is so important obviously it is aside from plotting levels support resistance what is one other basic characteristic of a chart that we need to follow hint follow right so you know what's on the chart another basic you know characteristic of a trade aside from support resistance mark sam i mean of course volume there too brad but that plays into the whole buy sell side right or and plays into the whole uh support resistance thing right but trend yeah trend simple trend okay hey this popped in each 45 in the morning right looked pretty good uh i put it on the morning watch list right it was one of four stocks i put on the list at like nine o'clock nine oh five in the morning right okay leading into the market open from 850 to 930 what is that trend from 850 in the morning going into 930 the 40 minutes before not the market opens up what is that trend is it up is it down or is it flat after the big pop obviously you know around 850 in the morning all the way to 930 the 40 minutes prior to the opening bell what is that trend up down flat what do we got robert saying sideways still saying down raiment saying sideways market saying down no one's saying up that's the answer there right zero people here saying up so that leads me to say okay let's just even say down just to go with this example you could say sideways great answer just notice no one set up and if we're not really seeing much buying pressure here at this time what are we more so seeing even if you said flat what are we more so seeing if we're not seeing buying pressure momentum to the upside we're seeing selling pressure momentum to the downside right so the question you want to ask is what happens after 930 when history repeats itself now hey you could say that in relation to a pop like if there was a ton of buying here near the near the top and pre-market and it breaks over that there could be a fair entry there could be a legitimate entry right there and let me just take a look did I even remove this for me no not it okay okay so we had that iceberg at 270 again that's where we had the major resistance there really isn't much here that is signal is like any specifically large price and then you have the massive sell order popping up here anyway so to me there really isn't anything looking good here as far as like you know maybe if there maybe if it could smash over 270 that's different even before the market opens up actually look what happens it seems like this order still shows at 270 but you have a new sell order popping up it was for about 87 plus thousand shares there now since this order showed up for me on the nasdaq book viewer at the time it did lie at least go back on the morning meeting it was there we saw it all as a team then my belief is that you would see this one also at 250 so you have an iceberg at 270 and iceberg at 250 and by the time the market opens up it doesn't even false break 250 doesn't even test 250 doesn't even give you a hard time the drops off but makes it easy for us to say let's just move on right so it's not even just to assume the first breakout is where you're going to expect the run but it doesn't even give you one false breakout not even one it just makes it so easy where it's just all right drops that's it so not a bad setup if you were thinking like all right let's see your resistance turn into support but clearly once this begins to shake lower here at this time it's only 938 939 in the morning that is where you just say all right done move on and you know you don't trade it but you say all right that's it clearly the you know history repeating itself part is more in the sense of this continuing to trend down right so you know that's where otherwise ardb what made this such a great trade was well a from my trade safe when i took it from 277 this didn't break lower didn't stop me out on a break even trade thankfully this held that 297 price and kept going well even here this is like not really a safe entry it does hold support nicely around 350 but there's no guarantee it's going to come back up again you know if you take the chance it worked out but you know this was on a pretty smooth downtrend here too so over time the more this could begin to build support then perhaps there's a better trade on it or you know if there's something clearly popping up that that could be a ladder on the buy side something of that nature but yeah right now this looks like it's just pulling down towards that 355 350 here for the time being and and the v-wap and then you got the v-wap there too that's a third level right there the factor in uh robber saying if you see that coming how about buying a put so i don't think this one's optionable to start that's a very good question in terms of general strategy a if you are experienced with trading options then that would be something to cater that that that would cater to you you don't need to do that just so you know uh if you don't trade options then just realize then there is zero necessity to do that there's zero need so if this gets discussed just realize i'm assisting other traders that are interested in trading options right so to answer robert's question if i inn he's talking about optionable um yeah i mean listen if it's liquid if the option order book is liquid and you think it's not going to break higher and you jump in buying puts won't make sure you set your stop obviously because if this breaks a higher high over time hey look at what happened even earlier look what happened to c4 you know i don't know if that was optionable even but if it was imagine getting smashed on the run up here as it continues so you know on any single trade stock option you name it you got to set your stop you got to put your seatbelt on to answer robert's question full if you're experienced with trading options and you know you follow the cyber cyber trading university reversal time rule and thinking like 10 30 you can really pull back lower then there's a chance where hey if it breaks support then there's a case to see it hold resistance after dropped off nicely it's a gap fill yeah why not but that's like easy to agree on after the fact right you got to find the right level to take any trade from to start so you know hey if there is no clear level of resistance that you would buy that put from and it just drops off from a sudden price and then it goes without you so be it you know that happens to me on the way up with certain trades that buying calls or just buying the stock outright um hell that arbb popped from 250 without me initially like shit come on like this thing's got to pull back right so i had to take it from the next leg up but yeah i mean i'm not a big fan of that at least i you know if there is a trade that goes without me you can't beat yourself up for it this is one of the worst weeks to be actively trading anyway even if we had what we had today i'm still saying that because you're not expecting much so the market's not permanently closing after today tomorrow or after the end of 2023 it's going to be open in 2024 hopefully it's going to be open in 2025 too no it definitely will be and we're saying that we're always going to be able to capitalize on a new trade as long as we are at least present at our desk and at least have a good level to take the trade from to begin that is what matters most um you know hey you can look at matter right here and say oh my god this trade moved up so much how could i have gotten in well we've been calling this out as a swing trade for a long time now since back in like late august right like brian and i a bunch of us louis grant all this talking about these crypto stocks it's not just the fact that this stock moved up but we had a such a strong level that 1065 1070 go back into like july we were talking about advantage traders so once this re broke this strong level that's what allowed the entry on the trade at least allowed the opportunity to jump in you know what i mean so even if you think they're going to move up all together regardless well you got to find the right price to do it from right so you know it's just to say that i wouldn't have been as jumpy to call that out as a swing if i wasn't as keen to see that level now roblox really quick because my god chuck was talking about this earlier and i want to make sure i got this for him so i was chatting with chuck back on friday right and we were talking about roblox pushing up nicely it's one of his bread and butter stocks so the way i looked at this chart as a wow like across the whole calendar year 2023 it was like holding you know certain highs pretty nicely here you could say uh you know breaking 52 big highs or close to it here but once it broke this trend line though it was pretty choppy at first and chuck was calling it out on more thursday and friday from last week so really just these two candles it was above the line and i said wow okay it's already been chopping around it here a bit a few days you're trying to lay over it as support maybe well the more it's above it and it's closing above it then you're in good position to see a good swing trade over time i wouldn't have been as jumpy to say that if i didn't see this trend that was built off these highs back in april and then like you know july time here you could also likely say that you have a psychological level to a degree at 45 dollars five dollar increment but yeah i mean just once it's above that the trend line at you know just makes for a clean possibility at least so we'll keep an eye on this roblox at least throughout this week going into you know next week so forth but it's all based off a strong level now the level that we focus on is initially based off level three and level four uh then you could look back on your regular chart and see if there's any strong chart level to take a trade from but you know at least right now as we're talking about roblox we don't really see too big of an iceberg showing up here midday you don't normally don't see icebergs popping up out of the blue like that so you know folks if there's any other questions you got for me here definitely let me know as i've been doing this exact workshop every tuesday morning for the last nearly 10 years i realized this is one of the slower weeks of the year i don't get too many questions on this week so you know i'm not trying to end trade to talk early but definitely if there's any other questions that that you got for me let me know i got a nice trade though on sxtp stock trying to push up a little bit right now let's take a look at this live now is that book viewer here i have it filtered slightly it's on 500 shares minimum but we got 133 about 10 000 plus on the bid so technically that could be support looking at every other buy order above and below it as far as resistance looks like right around 150 you got 25 total orders making this up here between 148 and at 150 so i would simply just focus on that if you're using that as that book viewer 133 and then basically 150 no i'll even destroy the line at that 148 though but all right let's take a look at book map in just a second here and again that goes across the board for all of us at cyber trading you if you're on any of our social media streams right now as we're conducting this workshop welcome on a board just make sure if you have any questions feel free to type and then before we finish this up go another about five or so minutes here but yeah sxtp hey this ended up making nice little pop-up just a moment ago here looks like it broke over vwap price which you know for all intensive purposes could be good but it held under vwap really well from the morning here here here now it's trying to lay over it so you know for a mid morning trade late morning trade literally coming off one day from christmas where you typically don't have too many participants in the market or as many at least i wouldn't be as jumpy even if this pops up from here it's totally okay to miss a small move if there is a better level ahead meaning like hey if this really wants to pop then perhaps if this could break over that 148 150 i you know see i see if you can make that push if it makes that break then what's our next resistance after that because if it's not for a while then i'd rather take it from a higher price on book map at least it's a more balanced order book you don't really have like anything that stands out 170 a little something there but really up top at two bucks 20 000 plus shares on the sell side so yeah as long as this could hold over 133 there's a chance for the 150 and then maybe later today we'll get get our better push that's all all right so folks say i think that we're gonna wrap up here in just a little bit typically not as many of us on a holiday week let alone christmas heading into the new year anyway so um there's one other stock i was looking at for a second but it died off the Tupperware trade so Tupperware had a pretty large block print that got filled at $2.25 earlier looks like it at least held it as support here so there's a case for another push higher but this also has some good resistance at $2.50 yeah i mean this is how you could tell so notice a there's no real large order at 250 oh even 258 actually that number is my apologies i was going to go into the whole uh orders column again but you could see a 258 even there's about 27 total orders that make this up so pretty interesting that it's 2700 shares and it's 27 orders and maybe that could be in manipulation just that's a very clean balance there but nevertheless i would say 350 or 250 anyway would be a big level and then from there 258 at 27 total orders here making this up i understand there's also like 20 000 here at 243 but i keep an eye on like this 258 this is here for a reason so i think over time you'll look to kind of see 258 acts as a top on this trade but we'll find out even later on this afternoon just at 230 eastern we'll come back for the afternoon meeting we'll reconvene see if that 258 becomes a strong price to work off of folks but hey i think that we're going to finish up for right now just more of a shorter traders talk for this week but again expected given just not as many of us here not as many questions that came in and that's okay that's all right but for a dual Patrick Ray Robert you got Amy Joyce Brian all of us here otherwise i'm here throughout the day i'm actually going to jump on to a few calls coming up at 12 o'clock and then 12 30 but um you know i'm in the chat we're all throughout the day at least so if there's any questions that you got from me here shoot me over a quick chat or email on top and then of course for all of us on social media here if you're interested in joining us inside our live trading room continuing our commentary throughout the day uh at least whether it be today tomorrow even next week just make sure that you scan that qr code on the top left of the stream get you inside our live trading room there uh one of our education advisors would be able to reset your trial to begin so you can have a full five days not come in midway like today or even with the holiday coming up on monday with new york's day you don't want to have that day you know ripped off so obviously our intent is to make sure that you get the full experience so if you look to join us inside our room just scan that qr code on the top left and then call our office our one of you one of our education advisors will be able to discuss with you when you'd like to start and reactivate your trial to begin then uh but any questions that you got for myself though feel free to shoot me a quick email joshc2trading.com goes for Roberto or anyone on us on youtube that joined us here today or any of our social media streams otherwise um but again i'll be back on this afternoon just for the afternoon meeting myself or rich at 230 eastern we'll go from there talk to everybody then take care