 Alright folks, we are back welcome on back here this morning this October 10th shortly after 11 a.m. Eastern My name is Josh Levitin welcome on back for another fantastic edition of our trader's talk workshop Feels good to be back feels good to sound like my normal self back in in my normal saddle great to see Chuck Jeff later Lawrence Charles Ray and had Kathleen before Egan Gary Barbara Mark Lewis full house joining us inside our live trading room joining Back on social media. Perhaps otherwise on YouTube Facebook live LinkedIn Etc. You know all of our social media streams at cyber treating you look to follow subscribe be a friend tell a friend and with that There is so much to talk about today folks. So obviously with the market moving back on up once again today Yesterday we had a strong run-up breaking over for 30 once again today another like three point move on the spy I have AMC on the screen. I'm in it right now I actually jumped in right before we started traders talk if you were inside our live trading room You saw me pull the trigger right there is on a half-size compared to what I'm normally doing at least from this morning here a Lot to talk about so bear with me We're gonna move around quick across this 60 minute presentation So again, if you're joining us on social media if you're on Facebook YouTube, etc You want to get the full rendition of this workshop all of the recordings all the education Actually, let me just get the QR code up right now a little Slacking there perhaps but scan the QR code coming up just on the top left of that stream Make sure you join us and all of our students here But AMC is moving on up right now really quick question for all of us on YouTube as well collectively open house here What's my next resistance looking at this simple one-minute chart, you know looking at the lines I took the time to plot early this morning. What seems to be my next resistance? Currently it said 1027 right now the price. So what's our next resistance? We got cats in 1058. Yeah, it's 1055 the price or if it's tiny font there that five looking like an 810 55 that price that blue dashed line, of course up top there Why how why do I have so much confidence? Well, it all draws back to yesterday actually and as this moves up I may look to have to close out this position if this gets there sooner rather than later But you know, hey if you were inside our live trading room yesterday You know that we were following AMC for a good portion of the day We're following it back from Friday last week even so that was actually really where we started the run-up Now I have a bunch of lines on this chart bear with me I'll explain a couple of them as we go, but long story short with this AMC trade Is that it popped at the open yesterday? Pulled back became a pretty ugly trade afterwards topped up very early on after the market opened up So, you know, we we ended up moving on from it at least after initially pulled back Now I'm on a coaching call to one of our students heading into the mid-morning and it was beginning to slingshot back up Well this level here. There's this dashed red line This was Friday's close price the closing bell print from Friday from the end of last week It was a huge transaction and given how much AMC ran from Friday What if what if this stock begins to break over this level? What if this stock begins to build support over this level? That's what allows me to have the confidence to enter a trade. So as it began to move up here I said to my student like oh, I think this could be a good opportunity Now I bring this up because actually, you know Hey, this student much like probably like the majority of the market Quite fearful with what's happening out there, right? Like, you know, obviously if you if you're unless if you're you know under a rock Everything happening in Israel around Israel between Israel and Hamas just and not just that There's other wars out there to obviously still situating Russian Ukraine. There's something with Serbia and Kosovo Kosovo coming out like just like happening right now as we're talking there's a lot going on out there and in the world and if you are fearful of a drop-off another recession whatever it may be Then you're not gonna be as confident to jump into a trade long and not gonna be as confident to buy, right? Understandable, I get it But this is where I have to say to students joining us here like Chuck Jeff Leda Kathleen Grant Charles You know a litany of our students here. I could shout yeah, Barbara Ray Lawrence Mark Sydney like all of our students here joining us Actually in the chat These are students that have been with us for months. If not years Perhaps a couple of us could say decades, right? Actually, I'm on year 10 right now as of this week So it is to say that we've been through the motions before We've seen the market push up when we don't expect it to and we should learn at least what happens or how we should look to react When we're initially wrong like oh shit the markets not dropping off. Oh shoot. We're getting a rebound Well, of course that you could sit there and do nothing that that you know Hey, you're not gonna lose money, right? Not jumping in but you're wasting your time if you're just watching the market And you have no intent to enter a trade So, you know, even if you're short on a position and it's it pops back up It takes you out. Okay. Well over time. I actually learned to begin to spin my sentiment and say, you know what? Okay, maybe this isn't dropping off and breaking a lower low. Oh, it's making a higher low. Oh, it's breaking back over this level What if so, you know, we go through this in class. It's not as easy to just apply right out the gate It takes a little time a couple months, right? But the more that you're with us you begin to realize so at first I jumped into this position Right place wrong time it pulled back, right? You know if we're expecting such a big move from this big level then we should see it sooner than later So it ended up popping at first it failed to hold support stopped me out pretty quickly after it was like as I was on the call At the guy so, you know, he was saying like hey, I'll bet you lunch like it's not gonna pop All right, he was right there. I mean I was prepared to own lunch Well over time across the early afternoon it stormed back up and hey, perhaps you could even say I could have jumped in Off this level I took the time to plot That I'm not looking to do. I mean that's making a lower low. It's pulling back That doesn't look healthy right there. So granted it did bounce ultimately from around that price But myself I felt more confident in the break over this big level here Friday's closed price And with that once it rebroke it heading into the mid-afternoon easy to say but it made a big move shortly after So how about this really quick? I actually Replotted my levels heading into this morning. So there with me a quick second What's my top line up there right now? For Grant Kath and all their students. What's our top resistance line up there? Obviously it broke over the red line heading into 2 o'clock where my cursor is moving on up and up and up and up 986 right 986 that dashed. It's a skinny line, but hey, why let's say let's kind of put ourselves in like a five-year-old Like a six-year-old why you got to ask that question all the time why? Remember we ended up following back from Friday last week All right now I'm gonna do something that I don't normally have the chance to show because I can't always do this for every stock And I'll always keep my computer running over the weekend here But I ended up leaving my computer running over this weekend And I have like a ton of data on AMC that I could share with you so this is actually dating back from Thursday of last week on the fifth and You take a look it didn't really do a whole much of anything on Thursday the fifth But we had a resistance at nine bucks. All right. Well above that 985 986 and at the time, let's get the full amount here There's about 28,000 shares about 28,000 shares at 985 right there That's all the way back from Friday Thursday. Now you go to Friday's trading which is right here moving on to Friday's trading six Well, it looks pretty interesting because also at 985 for the majority of the day You had a pretty big level out there big sell order out there It was about 27 28,000 shares pretty much the same size so Talk about consistency right now. There's other levels here at 1026 Here at 1015 obviously at the whole number decade number 10 bucks But in terms of consistency that order was out there all of Thursday and now most of Friday for hours on end So I find good reliability in that right the more an order is sticking out there, you know for a long period of time I'm gonna have faith in that as a big level now in this case with it breaking over This first big level for me 935 936 Well, I'm expecting a big move from this price So to me 14 15 cents is not really a big move for a nine ten dollar stock Let alone something that could be as volatile that has wings as much as AMC can have You know, this stock has made a huge run in the past for us and it's coming off actually a reverse stock split So that's what could make it a little volatile here in the situation and from the end of last week as it was So again, I'm not looking for like that 12 or 14 cent gain If it pulls back and like a really tanks here Then I'll take a break even or even like take like a minus two minus one But like it might sound greedy, but it's how we teach it in class It's how we teach it here in traders talk every week when a stock breaks through a big level We're looking for a big move shortly after so I was looking for this to move over this 950 and go higher well over time 986 was my target. That's where we had that iceberg and It was a perfect hit. It was a direct hit right there I was saying in the chat board in the afternoon on Friday. I was actually going food shopping I came back by like 245 like three o'clock and then or before that actually like 230 ish and as it was moving on up I said, alright, well 986 is gonna be our target heading into the clothes. So in and out I was kind of my fridge like kind of unpacking and you know seeing it inch on up and up and up I said, alright, well may as well to sell underneath there. I'm not gonna hold it overnight Maybe I could have should have but that's not the intent of the trade to begin with so No, it was to get out by the end of the day or at least where the next big level was and Easy to say looking at the chart, but it's just according to a game plan It's according to know what we go through each and every day here But hey, how about this really quick question because this will take us to where we want to get to for right now On AMC but across the board on a bunch of other trades, you know again It was PLTR that popped today. It was IO and Q that popped today. No, we had Tesla that popped today I want to go over that possibly but let me ask us who here inside our live trading room I want full participation here, please who here after the Let me rephrase who here within the first 15 minutes of the market open today from 930 to 945 Who here in that time took a trade if you took a trade in the first 15 minutes of the market open From 930 to 945 just on anything. Let me know You know, it doesn't matter which one doesn't matter how many just let me know Did you trade the first 15 minutes of the market open today? Bunch of us rightfully so right prime time trading this from 935 to like 1015 1030 So, you know a bunch of us Ryan Kathleen Lawrence Brian Don Gary Ray Larry Mark says no, sorry mark Going down faster Chuck Sid Richard Aaron George Joyce got a bunch of us right for those of us that wrote yes I'd like to imagine that you were at your desk at your trading desk having your platform up and running your eyes glued to your screen Certainly by the time Fausto did the morning meeting at 9 a.m. Right now I'm certain like, you know more of us even we're at their desk at like 8 o'clock Eastern time or even a 30 Eastern time where you have plenty of time to prep up your levels, you know where I'm getting to now You know where I'm getting to a trap to so that's where I say from 830 at least if you're at your desk 830 Eastern time There is no excuse, you know, if there's a stock that you are interested in following even if it's something that you know Is just kind of flat at first. It's like a sideless stock You say, okay, this could be one of my two or three stocks I'll look to follow here for the market open for the first 30 45 minutes of the day And even if it doesn't make that big pop at first Well, hey, even if it pulls back you could find a slingshot you could find a higher low You could find a breakout later on so as long as there's something that is really fancying you Like a volatile stock that you either do well on day-to-day or a stock that clearly in pre-market is making a move Then you have all the time in the world to plot these levels to go back on level three and level four Otherwise and and figure out where the big iceberg orders are Let me ask us really quick who here has level four doesn't matter if it's the main version or the thinkorswim version Let me know Doesn't matter which one. Just do you have level four? Book map whether on thinkorswim or the main version a bunch of us ton of us do right Aaron John Charles Mark Larry Sid Gary Barbara and I think before I'm losing All my chat right now will I'm gonna talk to you after traders talk looking forward to it He hasn't yeah, so that's where I say hey you have the chance to plot these levels And that is where for this morning. Well on AMC in particular. This was one of my two or three stocks I took the time to plot I can't do this for you know, every stock out there. I can't do this for You know eight ten different stocks I can only do it for two or three at most and I'll tell you what after the last week that I had with like catching Strep throat and COVID together. It's been a wild week and a half for myself It feels good to be back in my saddle and it's like actually something I enjoy doing so. Oh this morning felt great Get my level set on AMC again on AMD Which will you know go into and then a couple more and like I said PLTR Iow and Q Tesla if we got time so Let's even go back to Yesterday as it ran up Well, let me ask you here really quick because this will kind of give us our answer to today's chart Is there anything that stands out to you looking at this heat map here? Just looking at the heat map in particular I know sometimes I'll ask about the columns and you know some of the spikes and whatever Just focus on the heat map in particular. Is there anything that sticks out there? Ryan and Mark both saying 1055 right? Yeah, and it was out there since 10 o'clock in the morning yesterday There was a hundred two thousand share order out there and it was out there for Basically the whole day right from 10 o'clock onward So talk about reliability and consistency the longer an order is out there the more I could trust it and say Oh, that's right. Yeah, that huge iceberg order from yesterday, right? So, you know, this was something I took the time to recognize yesterday and from there I made sure that I didn't forget it Now right now on this trades pulling back on me So I do have my stop set on this just if it pulls back to break even so going into this trade That's kind of what I was saying. So, you know right here basically I need to see this hold right here Otherwise should be taking me out here soon. It's unfortunate But you know if it ends up holding here, then we're still fine But I do have a target for 1055 for later today The issue is it broke over an order that popped up here at 1018 and now I was looking for that to be support It just pulled back below there and now I need this which is where I got in from right here at 1011 to be my support line Now which doesn't seem like it wants to be but hey if we end up getting a higher low later on or if this even holds From earths at right now, you know, there's a chance. So it's all about the opportunity at least It's what led me to jump in in the afternoon yesterday. There we go. It actually just took me out right there See and took me out right there Fun. Hey, I'll draw a line right now at 1018 and if it ends up breaking back above that then game on same trade I'll look to take just over 1018 Plot a new level there. All right So AMC was a nice trade yesterday into this morning still I think has a chance to be a great trade heading into this afternoon I'm checking with the spy see if it's making any big drop It looks like the spy is still rocketing on up actually consolidating the last three or four minutes, but You know, otherwise, let's go to a stock that I didn't take the time to plot But a stock that I know a few of us actually were following from earlier today Tesla will just jump ahead to Tesla actually next So I want to do this one next because I don't have any recognition of where the levels were or are currently Captain hindsight comment here. Hey, it popped at the open moved up to 266 just about It pulled back here broke higher If trading was that easy, none of us would have a need to be here myself included. Let's just shoot straight So that's not the purpose of this the purpose of this is saying Where were the best levels that one could have entered off of if you were really following tesla in pre-market? It's one that you do well on consistently and you say, hey, you know what? You know, I'm going to follow tesla today Maybe buy the calls on it off of 260 or whatever price you look at 265 Maybe maybe take the option on it. Like I said, then you need to prep up the stock chart. So I'll tell you what I don't even have Tesla on book map here So you're going to get a raw reaction right now. I don't know where any of the levels are or were You know, I assume certainly one thing actually out the gate Is pretty much every five dollars for tesla you're going to find a pretty strong level to keep an eye on So again, we know it popped at the open But question is where were the best levels that one could have entered off of So right away if i'm looking to trade tesla before the open, I'll look to plot levels like 255 260 265 270 etc So, you know, I'm just otherwise for right now I'll plot up to 270 Right there. All right. So here, let's take a look on book map right now I did hide what happened after the open here a bit. This will load up all in just a second It's probably going to take a little time at first, but All right, so you could see 260 showed up right now about 18 19 000 share sell order at 260 So that's expected. That's an assumed level. It just shows it there. So it confirms the order But when you kind of zoom out All right, 260 255 I will tell you 256 was a nice little level at first 257. There are some orders every dollar It's just to say every five dollars. I find to be a lot stronger of a pin of a price point to watch So I wouldn't necessarily plot every dollar even with those orders, you know showing I'll just go 255 260 etc. Let me ask us here really quickly though Is there a specific spike that sticks out on the column cvp? You go on this column here from top to bottom. Is there anything that really sticks out on that column cvp? That's some questions from ryan, which I'll get to in email in just a moment Sometimes I get stuck in my tangent get lost in my tangent here as we start traders talk and I'll definitely go through some email questions in just a moment 258 right a lot of us saying 258 you go down. I mean this definitely sticks out like a sore thumb So clearly there was a lot of volume pent up like traded from consolidation this morning on tesla Could have been from really early, but otherwise just more like from eight o'clock prior and afterwards here I would say this could stick out a little bit here just looking at the delta side, but Otherwise 258's your your big volume level that's been filled at least across the morning Now there's volume on the ask a 260. That's your you know cell resistance right here You know big order on the ask But as far as like big levels go big volume from consolidation There is certainly a lot more volume traded at 258 compared to other prices here So perhaps specifically at 258 you can keep an eye on for a breakout I know you could say like maybe like 258 25 little chart level otherwise if you want to be safe And wait for that level to break out at least otherwise that wouldn't be you know wrong to think there You know for such an expensive stock perhaps to give a little bit more slack But it is just to say there was a lot of volume from 258 there um All right, so captain hindsight comment again, it broke out pretty nicely at the open But here's something that does stick out to me. Uh anyone here use doji's Again, I don't really go through this here in trader stock. I do it a lot more on like a one-on-one coaching call I'll do it in the phase two course when we talk about prepping the open But does anyone follow doji patterns at all? Looking at the open and the closed price on on the same candle on the same bar um I don't do a day trading when it comes to like the one minute chart the five minute chart the 10 minute chart none of that crap Simply though On a long-term chart there could be a lot of significance behind it Especially if it's like a weekly or a monthly here is a daily, but what's interesting to me here is that we have a nice doji Uh You know for a listen for a 260 dollar stock for the open and the closed to be five cents off I'm calling it a doji. So there's some people out there that are like, no, it's not a doji. It's not the same exact It's a it's a very expensive ticker. So you got to give it a tiny slack. That is a very good candle you could use as a doji pattern now what that means is that there's just a lot of hesitation around those prices 260 and just right there 260 and five cents So it just simply is to say like that's already a significant price to watch from this morning Yeah, that iceberg order out there. I'll just draw a line at like 260 and five cents right there Hey, when the market opens up, we end up seeing a big pop. So if this could break over 260 Then we could see that make a nice run Perhaps you'd want to see that become support at first But man, this just blows the roof right off at 260 initially and just that's it So ends up making a pretty strong run right out the gate Now it ends up topping off like around 265 But this is where I could say the more it pushes up and up and up and up and up and up and up You do want to a focus on the cyber clock around 10 15 10 30 as like potential reversal time But what that more so means is for as much as a stock moves up and up and up and up and up The first test of a significant resistance at least after a stock has already ran up You got to expect for it to be a head fake or for it to hold perfectly otherwise Meaning hey the first crack at 265 Pop and drop Then it was shaking around there a little bit If you're expecting a higher high later on and look to take it Then this wouldn't be a bad idea to try and jump in on a re-break But hey just like we always ask here when a stock breaks through a big level What are we getting shortly after what should be at least be getting shortly after ryan already has it big move Well, it doesn't make a big move here. It makes a higher high But that's like you know like said this is like setting off a firework looking for a big Explosion grand finale on 4th july and getting like a dud getting a sparkler right there So it ends up making a higher high, but it's disappointing comes back down It's not the right time And then I do want to check just one thing here pretty quick From this morning on tesla Yeah, so here's your 265 it showed up pretty nicely after the market opened up about like 79 80 000 shares roughly I saw there Yep So the more times it does needle that thread the more times it does like test that resistance pin up against it break over it It's weakening weakening that level So you are expecting the real run later on very similar to my amc trade that I had from yesterday Once it broke over that big level again often running she went So seem to be said here at 265, but once it Failed to run off of it here It pulls back under it Resistance should become support. It doesn't or tries to and then fails Won't support them becomes resistance. So over time it tried on a few occasions, but failed But the more it looks to press that price. I mean later on you should expect that high or high And it ends up breaking above 265 again The stock breaks to a big level. What are we getting shortly after there? We go So it's not just a higher higher looking for that deems a big move But given the price of the stock given how much it's ran up already Or at least the legs that we know it could have tesla can make like a two dollar move like with like that So you could say that on a lot of different trades and the video obviously as expensive as it is You know amd, which is a little less expensive than tesla On a big level break. Why not expect a dollar? Why not expect a couple dollars on the trade? I mean seem to be set at 260 just during prime time hours once the market opened up Why did it not hold support? Well, it's just too strong. It blasted right over it. That was it Bulls were seemingly in total control, but it's not as surprising because you're expecting a decisive reaction off the level break The question here would be actually really quick. This is flying wouldn't shock me if we got 270 by the end of trader's talk Even the way this looks I was going to ask did we get any buying interest at 260 in pre market or overnight? It doesn't even look it That's how strong this trade really was though because it's more understandable for this to break out and fly If there was already buying interest at the level and pre market or at the open but man, this was like just Hovering right under it. It didn't break over it. It didn't touch 260 If it did that would be less surprising to me to see like oh wow the big breakout over it just flew right away Now at this stage obviously with how much it ran up You're going to see a lot more consolidation even if this continues to get to 270 later So you're seeing that here trying to break a little bit higher right now Oh, looks like there was an iceberg order here at like 268 51 or 268 50 ish right there That popped up just suddenly so yeah about 120 000 share order just showed up And you got filled you got filled so it ended up breaking through that order Actually probably a lot more got filled at market given the size of this dot So 268 50 becomes a big level on this trade now after this order got filled So let's just kind of see a play out. Obviously it just broke over here, but 268 50 Right, that's it So resistance should become support here It's going to be a shaky trade just given the price and the volatility as we know tesla to be You know for as much quote on quote buying as we just had there We should look to a see a big move But b you got to see support hold if it's not going to hold support right here Then i'd be very careful at least as far as the top of the ride. It's up three plus percent If if that's not going to get flipped into support now then That's a red flag at least across the next like 30 minutes hour Probably a couple hours heading into like the mid afternoon So we'll see what happens on this tesla trade coming up. We'll come back to it All right, so let's go to email right now had a couple questions come in from ryan I think from alex also and then i want to make sure we just finish up on a couple other trades All right, actually it's being nice segue actually ryan So from ryan, please list the historical levels that act as a top for the uh pltr trade that we did today There we go So Here's what pissed me off with pltr. I was going to get to this anyway, but i'm happy that ryan brought me here It's a nice segue I got pissed off today on pltr And this played out as you could you know probably see pretty flawlessly with where my levels were set It's pulled all the way back down towards this big green line here at 1761 So I believe that was the closing bell print from yesterday on that trade Yeah, from just yesterday monday's close yesterday 1761 if you see that there in the the data box that pops up So there was a big print that got filled yesterday pltr at that price right there 1.3 1.35 million share print got filled at 1761 So in terms of big levels, then we know that that's going to be significant to watch for today 1805 was also a pretty big pre-market level I had in mind this morning Which complemented 18 bucks whole number So really at the open we ended up seeing this just pull back and tank and I was like looking at it for an entry I was thinking you know what it might shake down below the green it might nip 1750 And I was thinking about jumping in right from there That was like in my head real-time moment. I had that in mind And once I saw this just perfectly bounce right from that 1761 so flawlessly Didn't even sniff under it. I was looking for a big shake under it to like get closer to 50 Uh just within the first couple minutes that was so I thought there was gonna be a little bit more room to the downside And then I was going to jump in Damn thing was too perfect ended up bouncing so nicely and then from there just uh, you know It was just in between my levels for a little while after so I really had no business on pltr across the morning after Moved up higher after but you know It was just kind of stuck in between that green and then like 18 1805 for a little while Now you could see 1805 becoming a pretty strong support. It has been there could be a good case to see an entry on You know from that price right now That's kind of my tangent there. So let me jump back to ryan's question about historical levels So were there any historical levels looking at pltr long term chart? Yes, absolutely actually and um I realized this ryan this morning also now that I remember it It wasn't your email that made me think of this actually it was just kind of myself thinking like okay Where are the historicals actually I didn't plot it but watch what I do Just remember this because I looked at it. I was like you've got to be freaking kidding me. This is like too perfect all right, so You see pltr dropped off from like the end of 21 into 22 And you can't really use too many levels here price levels here Unless if it's something that's holding for either like a series of days at a time or like across like a couple instances here Over the year if it's holding really well, that's different For instance, this could have been a nice level to watch over time It looked like it was holding Right around 1430 pretty pretty nicely here and then even on a pop and drop occasion It held it before the pop and drop and the reaction was pretty Harsher a strong rejection from that price level and it broke lower Yeah, that could be something to keep an eye on but what I saw though is right here and it was like 1770 ish 1775 just this stretch of days Back from 21, you know broke under it, right? So I'm not even going to ask you. I'm going to say it myself It's so simple that I expect every one of us inside our live trading room to Really get at this point when the stock breaks below big support and tanks from it support should become Resistance and you know it is to say that over time yesterday it was it was more yesterday's trade That pltr ended up moving back on up towards that historical level right here the 1775 And did a pretty good job at holding it right so that was yesterday Now what happened today with that price will kind of plot a new Level to actually represent that in just a moment So it's 50. We'll just kind of move this guy up top here So that was the 1775 historical level. I'm gonna make that purple Just make that easy to kind of see there. There's a lot going on on the chart a lot of different lines So it's just more or less yesterday's trade at least dry and not today But yesterday at the open it broke out pretty nicely It eventually broke higher from the 1750 level and yeah broke over the historical for a bit But just like we say the first test of that level Especially after it ran up and up and up and up and up I would like to think it's going to make that you know hold or pop and drop You know make a big move shortly after and by that I mean like a rejection a strong break You know of that level and we'll see what happens. So it pulled back under it and dropped off quite a bit Uh, I had a strong gap up this morning. So from yesterday's close into this morning There was a decent gap up You would think that over time if it's going to gap above it then perhaps resistance could could then become support Um This morning, I wish I could actually say I had this line plotted Maybe it would give me more confidence to just lean into this trade here at this point After I missed it from the 1761 But again, I was still thinking it was going to break lower towards here first just didn't get it More or less it pulled under shook around a few bars and eventually, you know, it broke over it pushed up off of it a little bit Uh, you know, maybe on a pullback leader today. Let's say if the markets take a dip back down a little bit Then perhaps that 1775 can get tested again to support just on the way on just on the way down All right, so that's like 1775 level run I don't know what else is like next as far as like the next key resistance So I don't mind taking the time to check that out at least so AMC tanked I'm happy I got out of that thing break even basically it was a minus like three You know the grand scheme of things. It's at nine ninety now thing tanked So, you know what if it's not going to make that big move I want today or at least there Get out and run maybe it does it later And if it doesn't do it later, maybe tomorrow, but you know, that's a day trade. It's not a swing trader recommendation So as long as we're not holding on to that any longer than we need to Um, yeah, it looks like on the pltr though. I mean, okay, so as I recall now I was going to say there wasn't a real specific price. There isn't a specific price I'm going to plot here that looks really strong. What I will tell you that was generally speaking around 2050 ish to 21 or it's like a 50 cent range between 2050 ish to 21 Nice little bottom, you know a few points were dipped down pretty harshly here from covid And then just again like lower or higher or low trying here at this point But just around that area 2050 ish to 21 and even at this point it moved up there back in late july early august Yeah topped off at 2025 or 2024 before pulling back. So You know, perhaps there could be room for more if this is really strong, you know pltr. I think it's like a security defense tech stock Uh, it's like a mixture. So there's a lot more to it than I definitely know of on it, but Hey, if it has any affiliation with like what's happening in israel and what not, you know Wouldn't shock me to see this make a stronger push up as maybe they could be labeled as a defense company and I'm going to see it push up towards that 2050 ish 21 area, you know All right, so that was one of ryan's three Let's just go through the others here pretty quick Can you demonstrate the best way to set up a stop order when entering a trade that was halted? That's something I definitely do in the phase two course ryan. We did that back in september setting stops taking profits Basically what I will tell you here is just if you're in the halt Then you just need to mark out where your key levels are You can never predict what a halt will exactly do when it reopens up There are times where it reopens and it gives you plenty of time to manage the trade. Oh, it's like holding Supports holding support. Oh, it breaks support stops me out. Oh no Like there are times where it gives you plenty of time to like figure that out And then there are times where it just gaps up and then tanks after and gets halted down immediately Uh, there are times where it gaps lower on the reopen and there's like no reaction time for you to use to get out so It's very situation on terms of the halt. It's something that is more unpredictable Um, and I don't like unpredictability. So not to dismiss halts altogether It's to say though the more a stock does get halted on the way up. I'm not a fan of it It's just you got to make sure your levels are marked out really You know figure out where the opening halt print is when it reopens because that's basically your key price to watch Uh, let's see if there's a halt. I can try and kind of just use today. Maybe I don't think that we had a halt today That was to was saying earlier All right przo yesterday, I think or no przo on friday last week I see a few chats from rich in our chat board from friday last week. That's when przo is getting halted. So Maybe I could use that right Yeah, I could use this I think Yep, we could use this All right, so more or less It's just one thing i'll mention quickly is that the opening halt print is going to be extremely important Uh for really any halt situation. So for instance, this popped up at 942 on friday morning got halted From you know volatility halt reopened at 947 five minutes later. Let's get the tape Let's get the tape And go back two days. I hope Don't make me look foolish trade station. All right, we can go back. Let's see how far I might have to like shuffle the deck again here Probably went back a little too much. That's all right. It's working at least There we go So when this reopened up off of its halt, look what we see here and this is back from friday last week, you know przo Even right now just like kind of comparing apples to oranges, you know live right now as we're talking There's a 1314k iceberg out there 225. Can I ask you folks? What's the bigger size? 13 14 000 or 453 100 because that's what this is 453 100 or Whatever that was 13 14 000. What's the bigger size? I think we all know the answer, right? But the reason I emphasize that is because if we're calling some iceberg order big Oh, it's a big level. Oh, this is a big iceberg 10 11 000 Then how significant is this? Tell me like how if you're calling that big On the on level three that 243 or at $2 43 cents 10 613 shares That might be big for what's out there on the water book and you might be correct with calling it big But if that is big then exactly how much respect are we giving the 453 100 share halt print? So that's where I could tell you at least in terms of set and stop this thing Really it opened up pretty quick Let's see that was at 134 right dollar 34 when it reopened up So it ended up reopening up pretty quickly shook around you could see it did not hold it as support Did not break higher as it begins to needle back under the level. You just know it's like all right Well, if it's not making that big move off the level, maybe it could make it later on But you don't want to be stuck in this trade as it's shaking back under the level Might be easy to say looking at the end result, right? but In terms of other trades, even if they didn't get halted Ryan even if they didn't get halted Simple to say but like vs me back from last week, right? I mean this was a nightmare if you didn't get out ahead of time on this trade I took like a 10 cent profit or 8 cent whatever the hell it was something tiny I was in from 8 bucks broke out pulled back on the same candle. It's like, all right. Well, I know where that's going I know I've seen this story before I know it's happening here Right. So if it's not making that move that you're looking for it to make it shaking back under that big 453,000 print lip You got to get out. You got to set your stop around there. Basically, right? And it's a great question to ask for everyone here. Not just ryan because I know ryan is definitely Understanding he's here every week and traders talk always, you know asking questions and very good questions might I say but just always ask some questions either way and You know, it's a good question for anyone to kind of go over because it demonstrates the fact You got to have tight defense on any trade We got to have zero ego Like if you get shaken out on a trade and the stock pops back up on you for like 10 minutes later That happens to the best of us first off. I don't want to brush it off in that regard But it does happen to me every day And it happens to Fausto and I'm not saying that we're the bad I'm just saying that's the general comment it happens to the best of us Right happens to you it happens to me happens to everyone It's to say though that if you know what you're looking for in an entry And the stock affords you a chance at that same entry maybe 10 minutes later Maybe an hour later Maybe a couple hours later like my amc trade from yesterday Then it gives you a good chance to try and take it and expect that big move shortly after Look what happens here big pullback, right? So if it wasn't going to hold over my 1011 price here at 1018 price, whatever that was You know big pullback right away after and that's it Yeah, so prz o trade that was just a quick one to kind of address Ryan But if you want to shoot me a message on the side where I can go over that with you a little bit more on the phase two class back from september setting stops setting stops taking profits, you know, we covered it there Demonstrate how to set a stop loss when shorting a stock in trade station I definitely cover that in that class setting stops taking profits Absolutely, and if it's not in that class, we also covered in our shorting class as well, which I believe we do in phase one So some trades that a student had sent over to me looking to go over but actually I think that they had meant it for our coaching call one-on-one coaching call coming up this week tomorrow So for that student, I'm going to save their questions or save their trades for that call I think they replied to the traders talk question though on it Uh All right, so I tell you what I think that we're just about good to go right now We got our friend Vic traveling right now in europe and he's going to come back in a couple weeks looking forward to seeing him Just shot me a quick email right there All right, so you know what we're good on emails right now I want to make sure that we have enough time at least to go over a couple more trades pltr We'll try and get back on the i o and q trade. We'll jump back to Let's see what's market doing right now Market's just laying flat here just higher lows consolidating Wow, my amc is rocking right now or amd. I'm sorry my amd trade rocking right now So alongside amc my dyslexia news is gonna trip me up my amd is flying right now So this I took half my position out earlier on like before traders talk started just to lock up money And I could wish I wish I held on to that position right now I'll show you my options platform otherwise. Geez this thing is flying. All right, so let me reset my chart So I ended up taking the 107 calls on amd earlier this morning And it was just one of my two or three stocks. I took the time to prep You know, I can't say that for every single Trade that you know, we call out right. I didn't line up tesla today in that flu I didn't line up i o and q today in that blue So, you know amd here this big fan of so on this trade It pulled back at the open and I was initially looking to buy the trade right here at the time I was kind of pulling back it broke right under this I got a bunch of lines here actually so I'll try and kind of clear the crap a little bit But more or less it ended up breaking under my first support line This was the closing bell price from friday last week very similar trade to what I said with amc So it broke right under it though Kind of disappointing. I was looking for a trade there and just didn't get it So I ended up turning my attention over to my amc trade there is moving up pretty nicely And at the time when it popped up, I thought okay, we can get a good entry So I will say I took my first part of the trade here as it was shaken back down It shook lower at first So I was down a little bit on the first part of my position And then when it began to slingshot back up and over the same price again I just said okay Higher or low was built if this is going to hold over this price and we have a real shot at least for the run up So on this trade, I ended up getting filled on the first part of my position was at 197 then the second half at 210 as far as like the call price It was the 107 call so I took it just for the weekly. I'll show you the graph here So this is the 107. I've had this up on my screen. So basically it's the same chart where I dipped down at first It ended up pulling back and ended up building support right at this point so This is where I jumped in jumped in on the trade And then I ended up getting out on the first half of my position before traders talk started It was really as it was kind of pulling back down here I just took the profit and just took half my trade out But the second half I still have and this is where I already got so close to 110 That could have been that could have been a nice take profit right there just to get the hell out pretty close to 110 All right So I may have to just pull the plug on the second half this position sooner than later But this is a nice move up and I was going to say our next resistance on the stock chart Is that 110 big resistance here right now about 89 000 shares on the yask Oh, that was a nice pop-up It got close enough for me to like just pull the plug on the trade But I wasn't watching at the time and now it's pulled back just a smidge. So now I'm kind of thinking Okay, does it pull up one more time here and get closer and do I just get out? I'm going to hang on to the position now at this point. I got to see support now build a little disappointing I actually just missed that by like a freaking Half second right there and you might say oh just get out right now Well, I want to see a build support at this stage and get a little closer to this iceberg and then I'll react But just for as much as it ran up and up and up and up and up Like to see it peak right here to me That's pretty darn close to where the sell order is So would have been nice to like take the profit just as it was running up like look good like that Yeah, we'll see we'll come back to this trade. Hopefully support continues to build from this point Let me ask is anyone in on the amd trade with me right now amd Brian or maybe rosanne in the background right now any anyone of us maybe gary Man, this has been a hell of a trade back from friday last week and then obviously from today So, you know, it's more expensive obviously, but you could trade the options on it very similar like you could trade tesla You know, you could do nvidia But obviously the more expensive the equity gets the premiums are going to become more expensive too So, you know, I have my own threshold. You know, I don't really trade tesla options as much just because of the price But you just trade it the same way that I would trade amd here. It's the same strategy being applied All right So what have we got here any of us on social media facebook live linkedin youtube Let me know if you're interested in joining us continuing the conversation with us for today or for this week Skin that qr code on the top left just on the stream But for joys brian john brad barbara Shipping me up here with their names here ryan grant sydney and all that's just joining us here Just let me know if you have any last questions. I actually Uh have one. I forgot actually right here from private chat. I'm sorry liberto Can you explain exactly what a reverse stock split means from liberto and private chat just before a quick one? I just forgot forgot about Yeah, absolutely. So when a company does a reverse stock split Oftentimes it's not for like a not good reason They're oftentimes like trying to raise more capital or raise more shares Trying to remain above nasdaq listing requirements or like nyse listing requirements, namely So that's the majority of the reasons why you'll see a stock do a reverse stock split when they fall under a dollar And they have a number of days where they look to vote on or like what how much they do it for So there's a process behind it, but a lot of times where you'll see let's say Well, actually probably on the top gainers list here So smx be a nice segue to go over smx briefly before we finish up traders talk Not much to really go over it looks like on this trade, but you see where it says smx hb f f And f means fail to meet nasdaq listing requirements or nyse listing requirements So that doesn't automatically mean that they are going to do a reverse split tomorrow Or they've already voted on one But typically there's a number of days that they have in which they need to at least get themselves back above nasdaq listing requirements So you know if that's just to say i'll get yourself back over a dollar Oftentimes what a company will do is just do a reverse stock split So you'll see like a one for 10 reverse split one for 20 Now in amc, I don't think they broke below one dollar as for the reason as to why they did Over a reverse stock split It was probably just because they were getting too beat up and they just needed to potentially raise capital, right? So with saying that let me actually go back here Think at the timeline right here When did they exactly do the reverse split amc this this last go around it was it was a one for 10 The reverse split happened on august 24th. At least that's what i'm being told So yeah, they were dropping off for a little while before the split happened But normally when a stock does a reverse stock split You might get like a pop the morning of it You might get on like the pre-market chart little run up reverse stock split news that came out It's a pop and drop. It's a pump and dump play. It's going to come crashing back down later on like they always do So a it's not a swing trade no matter what But b even as a day trade It's very dangerous because once you're on the top of the roller coaster on the way down And you're not realizing you're you're in that position. You're on the way down The drop off as you see here on amc was pretty steep as much as I was looking for 10 55 I mean even this morning like before amc broke out and Yeah before amc really popped here It was like right around here where I became more interested in it like around this area But one of our students don was calling it out and off the initial pop that it made I was like, all right, you know, that's something but like I was super reluctant at first because I know amc's been That pop and drop stock in the past and it's coming off that reverse stock split news So for as much as it pumped up already from friday last week from yesterday It's going to come back down very hard So whenever that is, you know as bullish as I am at one point if I see a lower high and I get stopped out I'm not shorting it per se right away but You know, I'm not going to be surprised to see a crash and burn after right Same sentiment every time if that's such a big level that we're seeing the stock trade off of or if there's a level that we're deeming to be very Significant and it hasn't made a big move or reaction off of it yet so far in the day It's down to it's either going to continue It's a sense up and move up and run up higher Or this is what we get So unfortunately with like the reverse stock split factored in, you know, it ran up pretty nicely back from friday last week from yesterday, but This seemingly was the top of the roller coaster here So once it came back down under this level and failed to hold it as support Made a pretty fast drop and that's often the case with what a stock does with the reverse stock split All right, folks that takes us 12 o'clock I got a coaching call to one of our students coming up right now Actually a couple calls coming up across the afternoon want to make sure that i'm Timing so for all of our students here on social media facebook live linkedin twitter youtube etc Last call at least for today If you wanted to get the full rendition of this traders talk workshop all of the recordings week long access to our live trading room With our instructors fausto himself make sure that you scan that qr code on the top left of the stream also Pardon me because if you're not as fancy with your phone not as fancy with your camera Want to join us inside our live trading room? What you could actually do is go right down to the banner on the bottom right there ctu.co Forward slash trial moving a little faster on the bottom probably pop up just in a moment right there again There you go Just go right down to that link otherwise just to sign up for a week long trial to our lot to our live trading room Our next audio broadcast though will be right here at 2 30 eastern i'll jump back on the mic Rescan the market probably not trade amc But see what else is out there going into the market close But otherwise for students like brian kathleen and grant brad charles laden all of our students right now Hey, probably slow time to be trading right now, but hopefully the market maintains its trends here And hopefully a nice close ahead here for us. So best of luck trading here at this point folks I'll be back on later on today. Take care