People look at bear markets as a negative thing. But our traders tell us that it’s possible to make money in any market — as long as you have the right skills. Keep your psychology in check, cut your losses small and learn to make money on the way up — and the way down.
Chuck Crow tells us how he used the RoadMap software to predict April’s action. Jeffry Turnmire shows us how he uses “market echoes” create symmetry in the market and proceeds to show us where he believes several securities are going. Alan Knuckman explains why “sell too soon” is far better than getting out too late and explains why he sees a longer term uptrend developing.
Don Yocham lays out his bear market case, pointing at various indicators including the Volume Profile system he uses and the price of copper. Fausto Pugliese demonstrates how he “follows the money”, watching for market-moving orders using NASDAQ Level III.
He also extends a special “name your own price” offer to Ask The Pros viewers, giving you a chance to gain access to his “Day Trading Crash Course”, including a full week of access to his trading room, his “How to Beat Market Makers at Their Own Game” eBook, hundreds of hours of recorded strategy sessions and much more, all at a price of your choosing — anything over $1. Click here to see everything you’ll get and get ready to name your own price!
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►Click To View This Episode's Transcript◄1 00:00:00.000 --> 00:00:00.750 It sounds good. 2 00:00:02.040 --> 00:00:12.420 Celeste Lindman: There we go there's the recording and we're going welcome everybody we're so glad you're here we've got a group of incredible professional traders here with us to answer these questions they're all logging on right now. 3 00:00:12.719 --> 00:00:24.600 Celeste Lindman: And you're going to hear a lot of great tidbits about what levels, they saw in the markets, a few weeks ago, what they're seeing now and some really great calculator so you guys culture on your videos now hey welcome don welcome. 4 00:00:24.960 --> 00:00:43.140 Celeste Lindman: where's the blood have Alan luqman with us first time on ask the pros some really great insights with that Fausto welcome back to your State of New York, I know you were out there in Las Vegas also and we've got we've got Jeff returned Meyer here with us as well and is Jeffrey here. 5 00:00:44.940 --> 00:00:52.620 Celeste Lindman: Is Jeffrey here alright, we will work on getting Jeffrey here, we want to make sure Oh, he is trying to get in so. 6 00:00:53.280 --> 00:01:01.410 Celeste Lindman: we'll go ahead and get started hey you know there's a lot going on in the markets right that's kind of a silly thing to even say, and I know that there's a lot of fear. 7 00:01:01.710 --> 00:01:05.370 Celeste Lindman: And we're getting to the point now where you know it used to be like. 8 00:01:05.640 --> 00:01:11.880 Celeste Lindman: Everybody was like well when is this going to end when is this going to end where does it end and now it's kind of like traders are just depressed. 9 00:01:12.150 --> 00:01:23.580 Celeste Lindman: You know kind of putting their head in the sand and so we want to address that straight up and so kind of you know, want to ask you guys, what are your thoughts on that chuck what are your thoughts on this depressed feeling of traders. 10 00:01:25.500 --> 00:01:27.210 Celeste Lindman: you're muted right now chuck. 11 00:01:27.390 --> 00:01:40.410 Chuck Crow: Well, I think there's two things are you yeah i'm back, but there are two things to consider number one as a trader you're not really interested in in the bigger picture the market like the fact that. 12 00:01:43.080 --> 00:01:54.420 Chuck Crow: we're down 15% not really a factor for a trainer because my job is up or down in the moment right I don't care about what the market did last quarter last month, I mean, obviously. 13 00:01:54.930 --> 00:02:05.940 Chuck Crow: It impacts, how we look at the market, but you know the solace of being a trader is the investment side of things, where a lot of in faster. 14 00:02:07.980 --> 00:02:10.500 Chuck Crow: buy and hold that doesn't affect. 15 00:02:11.970 --> 00:02:21.900 Chuck Crow: It is not something we go into we go into now, most of us are also investors, so we see that side, but that trading. 16 00:02:22.560 --> 00:02:34.290 Chuck Crow: Knowing there's two sides of the coin, gives us talking earlier when we're doing the reset because you can be bearish and make money in the market that's moving down like this that's a beautiful thing about being a traitor and having that perspective. 17 00:02:34.620 --> 00:02:37.710 Celeste Lindman: Yes, having that knowledge is really key Don, what are your thoughts. 18 00:02:38.010 --> 00:02:45.510 Don Yocham: I agree with that 100% emotional detachment right, I mean that's I don't know if you get to pull up some Buddha books or is in the books or whatever. 19 00:02:46.560 --> 00:03:00.210 Don Yocham: You know, so no that's, not to say that you can't have you know long term views and bigger context and and you can certainly trade longer term perspectives, but you know you gotta it's the it's the most. 20 00:03:01.620 --> 00:03:03.420 Don Yocham: trading is probably one of the most effective. 21 00:03:03.420 --> 00:03:07.830 Don Yocham: Ways of checking your inner self right and and and and keep trying. 22 00:03:07.950 --> 00:03:22.410 Don Yocham: Working on keeping your emotions right so um yeah it's you know I think this it feels good if you're short in this market right and there's been money to make over the last certainly over the last three months, both long and short no doubt. 23 00:03:23.610 --> 00:03:31.740 Don Yocham: I think i'll talk about this later, I think we might be in a different regime and and kind of positioning for that, but we'll get to that, but yeah it's if you're. 24 00:03:33.480 --> 00:03:52.230 Don Yocham: If I told my my subscribers and 21 21st century well society, yesterday I mean you know we've done a lot this week, because a lot cropped up and that can be uncomfortable and in any trade if you if you can't sleep if you're constantly checking if you find you're hoping, rather than thinking. 25 00:03:53.310 --> 00:03:55.770 Don Yocham: You might want to lighten up and step back. 26 00:03:56.130 --> 00:03:59.910 Celeste Lindman: yeah well said really well said Alan what are your thoughts. 27 00:04:01.290 --> 00:04:08.640 Alan Knuckman: Well, for me, it's it's all about psychology and I think people need an attitude adjustment, these are the best markets ever in history. 28 00:04:08.910 --> 00:04:14.970 Alan Knuckman: commission's are free spreads are tight, you can execute your trading plan there's so many markets that you can get in and out of easily. 29 00:04:15.720 --> 00:04:25.020 Alan Knuckman: In that requires discipline so sometimes people lack discipline, but you have to look at it there's always opportunity, if you want to be bullish there's been the energy sector and resource stocks. 30 00:04:25.230 --> 00:04:35.100 Alan Knuckman: If you want to participate on the downside, obviously i'm an options trader, but you know puts there's been a lot of downside movement so it's only been four months since the all time highs. 31 00:04:35.370 --> 00:04:43.230 Alan Knuckman: And I think people's perspectives are a little bit skewed we get pullbacks the been opportunities let's see if this time is different. 32 00:04:43.800 --> 00:04:57.870 Alan Knuckman: I don't personally think it is, but I, like the risk reward down here at these levels and I like this bottoming action if we can build on it unfortunately we've changed from a by the dip market to sell the rally market but we'll have to see if that continues. 33 00:04:58.140 --> 00:05:06.990 Celeste Lindman: My like what you said there that change that is a new kind of phrase that y'all heard, we have definitely been hearing a lot of the buying the dip for the last decade right. 34 00:05:06.990 --> 00:05:07.290 Alan Knuckman: Right. 35 00:05:07.350 --> 00:05:10.200 Celeste Lindman: And now kind of a switch there so really good key. 36 00:05:10.260 --> 00:05:11.820 Alan Knuckman: Maybe maybe. 37 00:05:12.270 --> 00:05:15.300 Celeste Lindman: yeah maybe we'll see we'll do whatever the market tells us right. 38 00:05:15.330 --> 00:05:16.290 Alan Knuckman: Right exactly. 39 00:05:16.620 --> 00:05:19.890 Celeste Lindman: hey Jeff return my was he able to get into the room. 40 00:05:20.160 --> 00:05:20.820 Jeffry Turnmire: i'm here i'm here. 41 00:05:21.960 --> 00:05:22.530 Celeste Lindman: All right, good. 42 00:05:22.860 --> 00:05:24.480 Celeste Lindman: We want to hear from you what are your thoughts Jeffrey. 43 00:05:25.110 --> 00:05:32.190 Jeffry Turnmire: Well, I mean you know, give me any chart I can probably zoom it in and show you where it goes up and down any given day I mean. 44 00:05:32.400 --> 00:05:41.070 Jeffry Turnmire: You know any given market we've got 52 week highs we got 52 week close it just depends on what you're looking for where you're at whether you're investing or trading. 45 00:05:41.790 --> 00:05:57.240 Jeffry Turnmire: big difference there too, so um I think keep your psychology and check keep your big picture in mind, you know go in with parameters, if your parameters are voted get out, I mean cut your losses small don't don't write a big loss so that's some key things there. 46 00:05:57.630 --> 00:06:09.810 Celeste Lindman: that's good that's really good that's well said to look forward to hear more about these levels with you Jeff right here in just a minute to also welcome back from Las Vegas what are your thoughts on people feeling depressed in the market. 47 00:06:10.350 --> 00:06:20.550 Fausto Pugliese: Let me tell you I I bumped into a lot of depressed people Vegas I mean it was it was great it was a lot of us um, you know as the pros that with air, you know Jeff was there mark a was there, you know. 48 00:06:21.720 --> 00:06:26.790 Fausto Pugliese: lance was there, and a lot of people really want to try to figure out what's going on, I mean you really think about it, like. 49 00:06:27.870 --> 00:06:34.770 Fausto Pugliese: Everyone got pretty lucky when you know, everybody jumped into the trading when we had coven and, like all this is pretty easy we are home. 50 00:06:35.760 --> 00:06:42.630 Fausto Pugliese: has happened in the past year, I mean we've been on a big downtrend now people start to get worried like what now they start to realize they've been lucky, you know. 51 00:06:42.870 --> 00:06:54.090 Fausto Pugliese: Like because now you gotta listen negative be a traitor you got to start thinking about it, and this great opportunities out there as in you're going long and short, just like you'll Alan was mentioned earlier, you know, and you know. 52 00:06:54.750 --> 00:07:04.200 Fausto Pugliese: You, I agree with him, you know, listen to get charged with cheap, but when I started 25 years ago used to pay 20 to $25 a ticket and we even have threat with decimals. 53 00:07:04.380 --> 00:07:06.630 Alan Knuckman: fractions we paid 100 bucks. 54 00:07:06.750 --> 00:07:06.960 Fausto Pugliese: It was. 55 00:07:07.110 --> 00:07:12.150 Alan Knuckman: Great audrey we've given up 12 that you've given us 12 and a half cents, just to get in and out. 56 00:07:12.300 --> 00:07:14.550 Fausto Pugliese: Right and and some of them even a quarter. 57 00:07:14.640 --> 00:07:16.470 Fausto Pugliese: I mean, if you remember, and a half. 58 00:07:16.650 --> 00:07:25.890 Fausto Pugliese: I remember I Omega was a half spread like this $500 getting out of it so listen it's the volatility is there there's a lot of action I would. 59 00:07:26.250 --> 00:07:36.930 Fausto Pugliese: Being a day trader would just very conservative in a way of like Luke to conservative so we're like always like hitting the button like this is the bombs bottom like I did a meeting this morning and like, let me tell you look at some of these stocks like. 60 00:07:37.830 --> 00:07:50.160 Fausto Pugliese: Net and you look at I mean that's awesome brand names, I mean figure my tesla look at look at the video look at look at whichever call it as well apple and go as bad as like. 61 00:07:52.560 --> 00:07:53.700 Fausto Pugliese: netflix for crime. 62 00:07:53.940 --> 00:07:54.930 Alan Knuckman: Still apple. 63 00:07:54.960 --> 00:07:55.470 Fausto Pugliese: They know. 64 00:07:56.160 --> 00:07:57.240 Alan Knuckman: dollars in the quarter. 65 00:07:58.260 --> 00:07:59.040 Alan Knuckman: Like a rock. 66 00:07:59.160 --> 00:08:01.800 Jeffry Turnmire: I look at it, I guess, it is. 67 00:08:01.860 --> 00:08:13.110 Fausto Pugliese: Where is it now, I mean it's got listen it's got a hold of 140 that thing breaks, I mean it's pretty sad, I mean but it's just so we could talk all day about this, but i'll just tell you i'm still a little concerned. 68 00:08:14.490 --> 00:08:24.240 Celeste Lindman: let's hear more about that Fausto when you come up with want to hear more about that so obviously there's a lot of great information to get from these guys you're going to get more here in this next several. 69 00:08:25.020 --> 00:08:33.420 Celeste Lindman: minutes or so, but you know we're talking about risk in the market right there is risk and you always want to understand, whatever you're trading before you ever click that mouse. 70 00:08:33.690 --> 00:08:41.430 Celeste Lindman: And that's what these professional traders have done with all their years of experience and they're trying to transfer that to you and give you this information, so that you can make decisions. 71 00:08:41.790 --> 00:08:45.360 Celeste Lindman: and be successful like like they are, but they know that it takes a lot of hard work. 72 00:08:45.600 --> 00:08:52.290 Celeste Lindman: and not all the trades are winners, you lose you lose some you win some, but you want to trade with education, you want to trade with insight. 73 00:08:52.500 --> 00:09:01.770 Celeste Lindman: and definitely definitely understand these different markets, the different opportunities the short term, the longer term, all of these kinds of factors come into play so we're glad to have with us. 74 00:09:02.070 --> 00:09:08.280 Celeste Lindman: He numbers expert chuck crow from DTI he's a Moderator of the head trade room there. 75 00:09:08.760 --> 00:09:15.330 Celeste Lindman: He does this wonderful night owl session you got to get in on that, that is, to some fabulous really great information we're glad that. 76 00:09:15.540 --> 00:09:22.590 Celeste Lindman: Jeff return Meyer is back with us, of course, because he started trading when he was in the third grade open this first brokerage account when he was 18. 77 00:09:23.070 --> 00:09:30.570 Celeste Lindman: has a lot of knowledge and has this ECO trade system that you got to hear about he's I think he's like has this YouTube channel i'll tell you some other ways. 78 00:09:30.870 --> 00:09:36.360 Celeste Lindman: That you can get in contact with these guys as well, but great information every Tuesday that he shares. 79 00:09:36.630 --> 00:09:46.950 Celeste Lindman: And you know he has been on here calling the tops and bottoms you know pretty precisely can't wait to hear more about what he has to say on that as well, and then welcome. 80 00:09:47.220 --> 00:09:58.500 Celeste Lindman: To Alan nuzman so glad Alan did you are here with us, and some of you may have remembered you know we've had geico and on well they're like you know really big buddies here and they also have something you can catch. 81 00:09:58.890 --> 00:10:04.140 Celeste Lindman: Often they record this session together really informative about the market but anyway Alan has been. 82 00:10:04.500 --> 00:10:09.810 Celeste Lindman: In the markets where a long time he started out on the Chicago Board of trade is all this years of experience. 83 00:10:10.050 --> 00:10:19.290 Celeste Lindman: In markets and gives him this inside view that a lot of traders, do not have any shares that you can pick up a lot of great tips from him, of course, he's been on cnbc Bloomberg. 84 00:10:19.680 --> 00:10:32.220 Celeste Lindman: fox you know and i've seen him on these these channels as well also don yoga will be glad to have gone back with us has this kind of fringe program you heard him talking a little bit about it on the telegram channel. 85 00:10:33.120 --> 00:10:41.790 Celeste Lindman: Really playing both sides of the market very, very well this 27 year veteran in investment banking hedge fund analyst. 86 00:10:42.120 --> 00:10:49.650 Celeste Lindman: And really what I love about don to that is so important, all of you right now is that during that financial crisis, when so many people were losing. 87 00:10:50.250 --> 00:10:59.310 Celeste Lindman: Their tails like myself dawn was actually doing better and outperforming, so I think he's got a lot of great insight and then Fausto so glad to have file so. 88 00:10:59.610 --> 00:11:07.740 Celeste Lindman: That also gives us that key vision of what's going on right in the market right now being able to see those insiders what they're doing kind of where they're bidding. 89 00:11:08.070 --> 00:11:13.740 Celeste Lindman: and uses this kind of iceberg trading process you'll hear more about that as well, of course, he's a 12 time champion. 90 00:11:14.280 --> 00:11:22.230 Celeste Lindman: At the World traders challenge so listen up a lot of great information and he likes to teach traders how not to lose money so. 91 00:11:22.500 --> 00:11:33.270 Celeste Lindman: that's going to be some really good information as well, so let's get started chuck why don't you go first tell us you were talking a little bit about this calculator that you use for April that helped you to understand the levels. 92 00:11:33.780 --> 00:11:42.450 Celeste Lindman: In market and it made it, you know we don't like to use the word simple or easy, but you know it's kind of like the way that it's laid out the roadmap for you tell us more about that. 93 00:11:42.840 --> 00:11:47.670 Chuck Crow: yeah sure, and let me see if I can, if I can take over the screen. 94 00:11:48.780 --> 00:11:52.020 Chuck Crow: See just jump in and. 95 00:11:54.870 --> 00:12:14.370 Chuck Crow: forth all right here we go, we got a little image of the Roadmap from DTI that i've got up and running, and this is going to kind of be in the background, but we have a calculation that we use change is a percent of breaks and just want to show you this real quick. 96 00:12:17.010 --> 00:12:17.340 Chuck Crow: This is. 97 00:12:18.600 --> 00:12:19.260 Chuck Crow: Are you waiting. 98 00:12:20.850 --> 00:12:36.240 Chuck Crow: Last week's market and one of the things we're looking at you know open high low close right basic parameters for most traders and the goal here is to look at the range of the market, which last week was 247. 99 00:12:36.510 --> 00:12:53.940 Chuck Crow: Points look at the change is 33 and a quarter find out if something is off if it doesn't fit in this case we're good, but if we look at last month, if we look at April and you guys all saw it, we saw how far down the market went you'll notice that cpr line on the screen, but apparently. 100 00:12:55.110 --> 00:12:57.540 Chuck Crow: I guess i'm not sharing alive screen, let me try. 101 00:12:57.540 --> 00:12:59.040 Celeste Lindman: This, again, we were seeing it. 102 00:13:00.660 --> 00:13:01.740 Chuck Crow: I saw it okay. 103 00:13:09.960 --> 00:13:10.320 Chuck Crow: Does. 104 00:13:11.010 --> 00:13:11.850 Celeste Lindman: not appear yeah. 105 00:13:14.430 --> 00:13:17.430 Chuck Crow: The spreadsheet gotta gotta. 106 00:13:19.080 --> 00:13:21.690 Chuck Crow: It doesn't show up with, and what i'm not lying down here you. 107 00:13:22.110 --> 00:13:23.340 Celeste Lindman: see that yeah. 108 00:13:23.370 --> 00:13:25.830 Celeste Lindman: No we're not seeing it now anyway. 109 00:13:25.860 --> 00:13:30.150 Chuck Crow: Basically it tells me with the range in the market of April 400. 110 00:13:31.980 --> 00:13:40.320 Chuck Crow: Now let's try, what can we do all right now we just we should be just focused on the spreadsheet right yeah. 111 00:13:41.220 --> 00:13:53.550 Chuck Crow: Probably not working, but anyway um the market in April, had a 470 point range was down 404 points from open to close that tells me that the market was imbalanced that it was a big sell them there are. 112 00:13:54.000 --> 00:13:57.060 Chuck Crow: A couple reasons why we'll get into those at some point. 113 00:13:58.020 --> 00:14:16.680 Chuck Crow: But it projects at the end of April that for a retracement to occur we've got to get to about 4306 now, if you take a look at the way the market moves in the in the beginning of April or in the beginning of May, excuse me, the first thing we saw was a rally that went up to 4303 so a. 114 00:14:18.180 --> 00:14:28.620 Chuck Crow: pair of the month at 4144 there's expected unexpected retracement up to around 40 to 60 you know that going in how much does that help. 115 00:14:29.250 --> 00:14:40.200 Chuck Crow: I think you know a lot, I think, just knowing little things like that are going to help us out training now what I love about this cpr calculation, are some of the things that I can do with it. 116 00:14:40.710 --> 00:14:48.030 Chuck Crow: So let's go back to that beginning of April, and remember that the low of the year, at that point was. 117 00:14:50.040 --> 00:15:01.230 Chuck Crow: I believe, so we opened in 4144 and I want to figure out if the market bounces where should I expect it to bounce to, and this is a calculation that gets kind of fun, if you take before. 118 00:15:03.690 --> 00:15:04.050 Chuck Crow: work. 119 00:15:06.360 --> 00:15:10.440 Chuck Crow: And project out reasonably that was. 120 00:15:13.650 --> 00:15:14.130 Chuck Crow: Already. 121 00:15:16.470 --> 00:15:31.140 Chuck Crow: that the market to do I bounced up to if it can challenge that and what had been at that quarter points above 444 puts you about. 122 00:15:32.700 --> 00:15:36.960 Chuck Crow: In this training at the time of the Fo MC announcement, it was it 4186. 123 00:15:39.510 --> 00:15:42.750 Chuck Crow: People like to say that's cool but. 124 00:15:44.400 --> 00:15:45.810 Chuck Crow: hey check some of yet is. 125 00:15:45.810 --> 00:15:48.330 Celeste Lindman: Really breaking up might need to. 126 00:15:48.390 --> 00:15:49.770 Chuck Crow: Close a few things that. 127 00:15:50.880 --> 00:15:51.960 Celeste Lindman: we're having a hard time hearing. 128 00:15:52.170 --> 00:15:54.060 Chuck Crow: Most of the guys. 129 00:15:56.190 --> 00:16:02.550 Chuck Crow: let's see if we can just stop the screen sharing, how do I stop screen sharing i'm not sure how to get that stuff. 130 00:16:02.730 --> 00:16:04.170 Chuck Crow: Whatever we did was to be. 131 00:16:07.080 --> 00:16:10.110 Celeste Lindman: screen share Adam that'd be great and but. 132 00:16:11.190 --> 00:16:19.410 Celeste Lindman: While that's happening, the wall Adams doing that you know what chuck was going over as a lot of what he does every night and it's so hugely valuable and. 133 00:16:20.400 --> 00:16:26.880 Celeste Lindman: encourage you to get get online there at Dr trader.com see how you can get involved in that that nightly. 134 00:16:27.810 --> 00:16:33.030 Celeste Lindman: Night owl that he does it gives all that those levels, I know it was powerful for April i've been in on that so. 135 00:16:33.780 --> 00:16:43.890 Celeste Lindman: let's keep moving because seems like we've lost check there for a little bit let's let's go on with Jeffrey you know you did you called it a couple weeks ago, you were right here on ask the pros you showed us the exact levels. 136 00:16:44.400 --> 00:16:48.900 Celeste Lindman: I hope, people were listening I hope they benefited from that, what can you share with us today. 137 00:16:49.440 --> 00:16:55.110 Jeffry Turnmire: All right, yeah let me a screen share here one minute see pop this slow. 138 00:16:56.460 --> 00:16:58.350 Jeffry Turnmire: All right, should have a. 139 00:16:59.640 --> 00:17:07.200 Jeffry Turnmire: chart up here, this is a gamma levels for SAP, this is the options now puts her on the bottom here. 140 00:17:08.070 --> 00:17:14.280 Jeffry Turnmire: All these Spikes down and calls are on the top right now the big thing I see is a lack of call players. 141 00:17:14.820 --> 00:17:25.140 Jeffry Turnmire: So there's a lot of people that have gotten really short in this downtrend in the market, and we have a big topics coming up, you know option expiration coming up next week that's the monthly. 142 00:17:25.770 --> 00:17:38.460 Jeffry Turnmire: And it looks like this 4000 level it's kind of a line in the sand and if I was a market maker and i'm trying to take advantage of as many traders, as I could i'm gonna be pushing this price up. 143 00:17:39.390 --> 00:17:48.660 Jeffry Turnmire: into this 4200 level by next say next Wednesday, Thursday, when most of the monthly options have got to be rotated or closed or you know. 144 00:17:50.100 --> 00:18:02.520 Jeffry Turnmire: One of the you know you got to make your adjustments when you're playing big, and these are we're talking thousands and thousands of options contracts here that are being held on the short side, so I see, this is a key. 145 00:18:03.930 --> 00:18:08.460 Jeffry Turnmire: thing for the market makers to help push the market higher now. 146 00:18:09.420 --> 00:18:17.310 Jeffry Turnmire: i'm one of the things I come on here and talk about is my big picture, we came down right to the support level that i've been looking for for quite a while. 147 00:18:18.180 --> 00:18:29.430 Jeffry Turnmire: And my path forward is looking at something like this, or come back up some key levels right now the 4020 level which we're just now pushing through and then we've got. 148 00:18:30.480 --> 00:18:45.300 Jeffry Turnmire: previous day highs at 4050 and 4065 that we need to clear this week, you know, in the coming days, this week is almost over, but uh we could quickly push right on up through that to the 4100 level by the end of the day to day. 149 00:18:46.590 --> 00:18:52.350 Jeffry Turnmire: A way to take advantage of the potential move higher and topics, maybe look at a 4100. 150 00:18:53.490 --> 00:19:01.980 Jeffry Turnmire: long and a 4200 short either on s&p 500 or ssp just take a zero off the end there for 10 for 20. 151 00:19:03.150 --> 00:19:10.200 Jeffry Turnmire: That may be a way to play it but right now I feel like we're probably going to see a relief rally at least through op X next week. 152 00:19:10.830 --> 00:19:27.810 Jeffry Turnmire: And NASDAQ came down right to the target and started bouncing today, so this these uh these things have been symmetrical this first move down we draw it on here as far as move down right here from the high down to here, and the second move down. 153 00:19:29.190 --> 00:19:35.910 Jeffry Turnmire: For we topped back here at in late March, April to right there, those are exactly symmetrical moves right now. 154 00:19:36.420 --> 00:19:43.770 Jeffry Turnmire: And the whole basis of my ECHO trades is looking for symmetry echoes in the market, they don't have to be exact, to the to the decimal point but they're. 155 00:19:44.190 --> 00:20:00.390 Jeffry Turnmire: The market tends to make echoes does that a lot of things that that rhyme or you know people say that market rhymes I say it echoes same kind of moves happen over and over so this right here and NASDAQ can be a solid bounce, at least for the short term. 156 00:20:01.890 --> 00:20:09.450 Jeffry Turnmire: Russell also hitting some key levels so looking for that to also bounce all three of these major indexes coming in line with each other. 157 00:20:10.950 --> 00:20:15.990 Jeffry Turnmire: Another one I look at often is oil right now we're kind of turning in this. 158 00:20:17.160 --> 00:20:26.790 Jeffry Turnmire: area right around 100 and 110 hundred 11 if we start breaking out higher than the high we made back last week or earlier, you know, on the Sixth. 159 00:20:27.180 --> 00:20:33.120 Jeffry Turnmire: Then we may be looking for some more upside right now i'm still longer term looking for this deeper correction. 160 00:20:33.570 --> 00:20:43.530 Jeffry Turnmire: So we haven't really completed it didn't have a lot of symmetry in the move off the highs from back in early March so i'm still looking for that to go lower in the short term. 161 00:20:44.700 --> 00:20:59.490 Jeffry Turnmire: gold has breached this long term trend line of the lows so we're looking for a lower low in gold, it could return back to the August 21 summer low so watch out for there if you're long gold, you may want to. 162 00:21:00.990 --> 00:21:02.520 Jeffry Turnmire: At least consider hedging your position. 163 00:21:03.600 --> 00:21:10.410 Jeffry Turnmire: And then everyone wants to hear me talk about crypto because i've talked about that quite a bit we did hit some tea levels on the downside there. 164 00:21:11.400 --> 00:21:18.480 Jeffry Turnmire: We pushed a little extreme you know, try to reach down to the next set of targets, I had down there i've had this target on there for a few weeks now. 165 00:21:19.050 --> 00:21:27.780 Jeffry Turnmire: Right in there, a lot of price action there break back out of that to the upside we can return back up to the 40,000 level quickly and then. 166 00:21:28.530 --> 00:21:44.400 Jeffry Turnmire: Breaking back into that trend line potentially up to the 50,000 to retest the top of that channel so that's what we have right now, of course, a break back below there can take us down easily to the 22,000 level where I have a next big confluence of support for bitcoin. 167 00:21:45.300 --> 00:21:48.870 Celeste Lindman: Things are really moving and leave it to a civil engineer to walk on the tree right. 168 00:21:50.010 --> 00:21:56.220 Celeste Lindman: what's a great way Jeffrey to for people to follow you tell them about this, you know, like this Tuesday event that you have. 169 00:21:56.550 --> 00:22:06.750 Jeffry Turnmire: yeah so every Tuesday at 5pm Eastern we do we go live on YouTube and and zoom and Jeffrey trader comm slash YouTube is the link to get there. 170 00:22:07.620 --> 00:22:15.840 Jeffry Turnmire: I do this live market analysis I take requests go through all all the charts that everyone wants to see I give you a we call it 30 minutes of awesome wife named it that. 171 00:22:17.130 --> 00:22:29.400 Jeffry Turnmire: We try to give you awesome market analysis and cover all the charts that you want to see, and this last Tuesday I think somebody said I I hit nine out of 10 on the ones that I predicted this week so yeah. 172 00:22:29.490 --> 00:22:36.900 Celeste Lindman: Excellent i've been on there it's really fantastic Adam has typed that into the chat so all of you make sure you go into the chat and grab. 173 00:22:37.260 --> 00:22:47.550 Celeste Lindman: That address how to get there to see more of Jeffrey really fantastic stuff so a lot of great things we've already heard already, and now let's switch over Alan would want to hear a little bit more from you. 174 00:22:48.300 --> 00:22:56.610 Celeste Lindman: Just kind of these timing and injuries, but before we say anything before you get started, I gotta tell you I followed your Twitter tray well that was fantastic. 175 00:22:57.030 --> 00:23:06.240 Celeste Lindman: And this is what I just encourage people to listen, because i'm like looking when you call that Twitter trade before and i'm like looking at him like Why would I want to get in Twitter right now but I listened. 176 00:23:06.660 --> 00:23:18.000 Celeste Lindman: And wow wow wow was like well, you can follow these guys on these different places and encourage you to get involved with Alan and Guy when they get together and they share their stuff. 177 00:23:18.240 --> 00:23:25.830 Celeste Lindman: as well, so anyway, I digress take it away Alan tell us some of your favorite kind of timing injuries right now to be a little pickups and stocks at a good price. 178 00:23:27.960 --> 00:23:30.810 Celeste Lindman: You are muted, we cannot hear you there we go I. 179 00:23:31.980 --> 00:23:34.320 Celeste Lindman: cannot hear you hey Alan unmute. 180 00:23:36.120 --> 00:23:36.540 Alan Knuckman: There we go. 181 00:23:36.690 --> 00:23:46.920 Alan Knuckman: yeah I got that all right, so to finish with Twitter, you know it was bad enough to buy, but we have some smart money indicators that, let us know when. 182 00:23:47.970 --> 00:23:55.020 Alan Knuckman: Serious money is is heading into a stock and that's usually a sign that something positive, is going to happen and it very well did now. 183 00:23:55.230 --> 00:24:00.000 Alan Knuckman: i'm an options trader, so we were positioned for success with that for longer term option but a couple lessons are. 184 00:24:00.360 --> 00:24:05.730 Alan Knuckman: Is I always tell people sell too soon, you know as soon as the market moves we use that to get out of hand for a position. 185 00:24:06.060 --> 00:24:08.820 Alan Knuckman: And didn't wait for all the nonsense and noise to happen. 186 00:24:09.150 --> 00:24:19.710 Alan Knuckman: and develop further, so you know if more if it continue to move higher great you know we still made our money but that's that's an attitude that people have to appreciate that you can get out too soon. 187 00:24:19.980 --> 00:24:27.840 Alan Knuckman: it's a lot better than getting out too late and, unfortunately, people are learning that lesson now um, let me just take a quick look at the markets and share the screen. 188 00:24:30.420 --> 00:24:37.050 Alan Knuckman: This will stop other screen sharing, yes, so let me go right here so we're seeing a relief rally today. 189 00:24:37.290 --> 00:24:38.850 Alan Knuckman: Obviously, but the question is. 190 00:24:38.970 --> 00:24:42.900 Alan Knuckman: You know i'm optimistic i'm bullish and, if we look at the. 191 00:24:43.710 --> 00:24:50.760 Alan Knuckman: The s&p right now, we can see where we stand we're getting a bit of a balance, you know the markets got over done to the downside. 192 00:24:51.030 --> 00:24:55.080 Alan Knuckman: Obviously, and in the big picture we're trading between 40 140 800. 193 00:24:55.380 --> 00:25:09.420 Alan Knuckman: on a weekly basis for the last whatever year now the midpoint of that is of that 700 point move is 4450 now we failed there and we've you know we've seen this big big drop and it's made a third bottom but. 194 00:25:09.780 --> 00:25:19.260 Alan Knuckman: The positives i've seen, I see a lot of positives out there, the positive that I see from a technical standpoint is, we can even make new lows but we're nowhere close to making new highs implied volatility. 195 00:25:19.560 --> 00:25:26.820 Alan Knuckman: that's typically bullish divergence we've seen the market turn around now we need to build a lot need to change the sentiment and we need to close above. 196 00:25:27.180 --> 00:25:35.790 Alan Knuckman: 40 201st and then attack the 4450 level again to kind of get us out of these woods, but to get into the positives. 197 00:25:36.210 --> 00:25:46.260 Alan Knuckman: we've got you know we've had a great earnings quarter, we had earnings and revenues beat and they were expecting about 5% earnings growth rate, we got 10%. 198 00:25:46.800 --> 00:25:53.670 Alan Knuckman: Margins are strong and the p E ratio now is down to 70 which is 10 year average so for risk reward standpoint. 199 00:25:53.940 --> 00:25:58.500 Alan Knuckman: I like the upside potential here now i'm a longer term trader in the most of these guys. 200 00:25:58.800 --> 00:26:07.140 Alan Knuckman: I use options as my vehicle and I usually looked at three to six month options and use the most basic stock substitution strategy where i'm buying an in the money option. 201 00:26:07.560 --> 00:26:12.630 Alan Knuckman: Instead of buying the stock because it lowers risk it gives you better payoffs and so forth, so. 202 00:26:13.230 --> 00:26:21.000 Alan Knuckman: I actually you know use options, I think there a better way to trade there's always a better higher probability way that just buying or selling a stock. 203 00:26:21.630 --> 00:26:29.040 Alan Knuckman: Using the right option strategy, but like I said i'm a big picture trader and I think, from a risk reward standpoint. 204 00:26:29.820 --> 00:26:34.530 Alan Knuckman: We were we're at a level where we want to start paying attention here because. 205 00:26:34.920 --> 00:26:40.020 Alan Knuckman: We could get some follow through and that's what we need some follow through on a bounce that we've seen today finally. 206 00:26:40.380 --> 00:26:47.250 Alan Knuckman: About but, again, like I said we're still pretty close to that longer term sideways range yes at the lower end of the range. 207 00:26:47.520 --> 00:26:56.580 Alan Knuckman: But there are so many positives except the psychology and the price and typically when everybody has one opinion the market with the other way, so. 208 00:26:57.180 --> 00:27:01.680 Alan Knuckman: If i'm looking at positions i'm looking at you know December January positions and a lot of options. 209 00:27:02.130 --> 00:27:09.000 Alan Knuckman: But, again, I cannot overstate the fact that the vix here is below 30 we're nowhere close to that 38 high. 210 00:27:09.240 --> 00:27:22.560 Alan Knuckman: Even though the market continues to go lower and lower and lower there's so many stocks that offered opportunities, I wanted to give you a one in a strategy to try to turn that frown upside down is to use that. 211 00:27:23.520 --> 00:27:36.900 Alan Knuckman: inflated fear for good not evil I guess it's evil not good, but we see something like just randomly US steel us US steel has been traded between 20 and 30 for most of i'm sorry 25 and 35 here. 212 00:27:38.490 --> 00:27:45.480 Alan Knuckman: So 30 has been kind of a pivot point we're below that right now, if you wanted to get long US steel, you know you're kind of trying to pick a bottom. 213 00:27:45.900 --> 00:28:00.780 Alan Knuckman: there's a better way to do with options, instead of you know, trying to just take a stab at and say Okay, this is going to turn around because we've come back to this breakout point you know where this level of support is here that those those old those old highs you could. 214 00:28:01.860 --> 00:28:18.720 Alan Knuckman: sell a cash secured point so you could sell a 22 put what I have my number here at 22 point taken $1 um so that lowers your basis at 21 so you if worst case scenario, you get assigned the stock at 21. 215 00:28:19.470 --> 00:28:25.620 Alan Knuckman: You know, otherwise you're going to take in that dollar on that that risk that you have. 216 00:28:26.160 --> 00:28:36.330 Alan Knuckman: worship, be a 5% return in less than a month for the June options, so there are ways to turn the tide and take advantage of that increased fear in that psychology that. 217 00:28:36.570 --> 00:28:45.900 Alan Knuckman: Everybody right now is so so negative, but you know you've got to remember, there are a lot of stocks oil was free just two years ago, actually negative. 218 00:28:46.170 --> 00:28:52.410 Alan Knuckman: And that's been the leading sector in the market, so at a time, there were people that didn't believe oil prices would ever come back so. 219 00:28:52.710 --> 00:28:58.230 Alan Knuckman: Understand that markets are always going to change markets are always going to offer that opportunity. 220 00:28:58.590 --> 00:29:06.450 Alan Knuckman: And like I said before, this is the best time ever, but one of the things you have to do is learn take a loss and I don't think people. 221 00:29:06.990 --> 00:29:10.380 Alan Knuckman: ever learn that and then, when I teach people to trade and trade options. 222 00:29:10.740 --> 00:29:18.750 Alan Knuckman: I get it haven't get in it haven't get them out and take a loss, just so they understand that feeling it's not catastrophic you know you live for another day and that's what. 223 00:29:19.050 --> 00:29:27.030 Alan Knuckman: it's about is a series of high probability positions for success and I myself use options as a vehicle to do that excellent. 224 00:29:27.090 --> 00:29:32.160 Celeste Lindman: Well there's a lot of wisdom in there, you want to go back and get the recording on all of that already a lot of great stuff. 225 00:29:32.760 --> 00:29:38.670 Celeste Lindman: Now I know Alan is going to be you're going to be next week, you have a live event that everybody can go and listen to. 226 00:29:38.970 --> 00:29:46.320 Celeste Lindman: On Tuesday and I don't know it looks like Adam oh he's got the replay for our sessions, and maybe we can get out of the. 227 00:29:46.920 --> 00:30:01.770 Celeste Lindman: Link so people can get involved with Alan session for next week will be really great information so let's keep moving along here don you're up next i'm a little bit afraid to ask you this question because i'm a little bit afraid of what you're saying. 228 00:30:02.790 --> 00:30:06.240 Celeste Lindman: I want to know we all want to know we got a truth is good truth is good. 229 00:30:07.050 --> 00:30:14.160 Celeste Lindman: What what levels are you looking at Where are you seeing this market going I know you've been on both sides successfully, what do you see now. 230 00:30:14.430 --> 00:30:27.210 Don Yocham: yeah so um you know, and I guess following up Alan you can see, this is what makes him market right he gave us bookcase i'm going to give you my my bear case here, and you know and Jeffrey made the comment. 231 00:30:28.500 --> 00:30:35.190 Don Yocham: Just a little while ago regarding all this skew on the put buying right and this kind of. 232 00:30:35.190 --> 00:30:47.070 Don Yocham: High high game of positioning you know everybody's short it through the options markets, and you know I think now, possibly through next week, but today it's definitely all short covering. 233 00:30:48.240 --> 00:30:53.850 Don Yocham: today's rally let me, let me get this stuff out of the way here, so I can show you my screen um. 234 00:30:54.420 --> 00:31:01.050 Don Yocham: You know here's the amount of the rally that we've had so far today has been on almost no volume, this is volume accumulation down here at the bottom. 235 00:31:01.470 --> 00:31:09.420 Don Yocham: And you know we've had 100 point rally and not a whole lot creating so you know that that that tells me it's a short covering rally, but let me. 236 00:31:10.170 --> 00:31:15.090 Don Yocham: What I want to do is just take a quick step back, how am I thinking is evolved over the last week. 237 00:31:15.960 --> 00:31:29.430 Don Yocham: So you know, last Friday, and let me go out here and look at the two year, so this is a two year trading range on the s&p 500 and over here on the right hand side is the volume that occurred, you know across those different prices so basically we spent. 238 00:31:30.570 --> 00:31:45.180 Don Yocham: 2021 going from 2800 or two years ago, starting in 2021 right going from 2800 you know up through 4000 and there was a lot of volume, a lot of buyers lot a lot of going along there. 239 00:31:45.810 --> 00:31:53.490 Don Yocham: Right in here and i'll show i'll show you what this kind of break this out for in just a little bit, and then it almost it took a leap. 240 00:31:54.060 --> 00:32:01.830 Don Yocham: It jumped through 4000 and then now it's been over the last year in this trading range between 40 840 200. 241 00:32:02.460 --> 00:32:13.710 Don Yocham: You know in last Friday I was really torn right I love we're right here on the cost did look very bullish I definitely could see it trading up to 4800 just you know, on this on this incredible range. 242 00:32:14.970 --> 00:32:26.550 Don Yocham: But there was this there's everything else is going on, and I mean I think there's you know we're on the cusp of recession we've had a recession indicator i'll show you some to leveraging this going on in the market. 243 00:32:27.570 --> 00:32:32.700 Don Yocham: I don't even want to go through geopolitical risks and productivity is actually collapsing so there's. 244 00:32:34.590 --> 00:32:48.420 Don Yocham: there's there are some arguments of the bear side, so you know what I had everybody my subscribers do is just put some put on some insurance on both sides, if we put on a very out of the money ball spread on the s&p 500. 245 00:32:49.500 --> 00:32:55.830 Don Yocham: To kind of just get something in place a little bit insurance, and then we can think through it well during the week. 246 00:32:57.390 --> 00:33:08.940 Don Yocham: during the week and don't worry about these notes, these are kind of my thing, but during the week there has been a You know, as I go through my screens and and just try to dig up opportunities. 247 00:33:10.350 --> 00:33:17.100 Don Yocham: There I all I saw was for the most part, a lot of short positions you know every now and then a long position would crack up crap. 248 00:33:17.940 --> 00:33:28.770 Don Yocham: crop up, but you know i've just been seeing everything that looks it's telling me all the individual stocks so many of them, especially in the energy sector, which is weird telling me they want to go. 249 00:33:29.670 --> 00:33:37.470 Don Yocham: They want to trade lower right they may not have done it yet, but they want to right, so you know I kind of took that as a cue to kind of. 250 00:33:38.640 --> 00:33:46.680 Don Yocham: play the bear side, and you know bet you know other than these these short covering rally which can be pretty violent. 251 00:33:47.460 --> 00:33:58.860 Don Yocham: You know I think we next week we're going to see a break and and also this week there's been this tug of war between oil and the stock market, you know it is oil going up does oil want to take it higher. 252 00:33:59.400 --> 00:34:05.370 Don Yocham: And in the near term our does the stocks really want to go lower and there's really been this tug of war. 253 00:34:06.270 --> 00:34:15.360 Don Yocham: I also agree with Jeffrey I think the overall trend for oil is lower, I think it's going to give that up today or early next week and I think that's when we will continue. 254 00:34:16.170 --> 00:34:36.480 Don Yocham: Lower but so that's that's what I that's that's how my thinking evolved right it's we've got this 4000 kind of cost that we're still in but you know this this downside, once we get here once we get you know firmly into this range, which I believe we are there's going to be a lot of. 255 00:34:37.500 --> 00:34:46.320 Don Yocham: People that went long over the last two years, that I think are going to be trying to work their way out, and let me just go through a couple slides here to kind of walk you through my thinking there. 256 00:34:48.000 --> 00:34:49.620 All right, let's do this. 257 00:34:51.240 --> 00:34:56.910 Don Yocham: Okay, here we go alright so here's the me so put this on a view that. 258 00:34:58.920 --> 00:35:01.260 Don Yocham: I guess that works all right, everybody can see my charts. 259 00:35:02.010 --> 00:35:03.270 Celeste Lindman: Yes, let's great. 260 00:35:03.390 --> 00:35:05.280 Don Yocham: Okay, so history lesson. 261 00:35:07.020 --> 00:35:07.980 Don Yocham: fed funds rate. 262 00:35:09.060 --> 00:35:13.860 Don Yocham: Since 1980 they have systematically been trying to. 263 00:35:15.480 --> 00:35:22.920 Don Yocham: raise rates to nip inflation in the butt right here, we started off with inflation rates much higher than we're dealing with today. 264 00:35:23.670 --> 00:35:42.780 Don Yocham: And they spent 30 years and Greenspan called it opportunistic deflation right trying to get the overall level of inflation trend lower right and so here's you can see these pike's, this is the Fed funds rate and you know it peaked at almost 20%. 265 00:35:43.980 --> 00:36:00.720 Don Yocham: And they used every opportunity they could to nip nip it in the bud and tighten right well, the last time they really did anything but nipping was back in 2008 and they of course went to zero, so they spent the last 10 years trying to replace puppy back up. 266 00:36:01.740 --> 00:36:05.310 Don Yocham: Now they're starting to get the fruits of that, I suppose, on the on the money side. 267 00:36:06.420 --> 00:36:23.040 Don Yocham: You know, but for context you know they just raise what 50 basis points we're up to 83 basis points on the Fed funds rate, and let me that's not a whole lot that's not a very high interest rate by historical standards at all, and yet the market seems to be vomiting on that. 268 00:36:24.390 --> 00:36:28.290 Don Yocham: That realization right so here's here's one thing margin accounts. 269 00:36:31.740 --> 00:36:36.780 Don Yocham: That what margin lending and that sort of thing right, so you think look at how margin. 270 00:36:38.430 --> 00:36:39.270 Don Yocham: stock margin. 271 00:36:40.470 --> 00:36:48.840 Don Yocham: exploded, after all, the coven stimulus that yeah I mean this is over 10 years right margin never been anywhere close to that and it almost doubled. 272 00:36:49.710 --> 00:36:54.540 Don Yocham: In that year, and you think that didn't have anything to do with the rally I mean when people and. 273 00:36:55.170 --> 00:37:02.550 Don Yocham: anytime people have been talking trading over the last five years 10 years they're talking about buying stocks that go up right so maybe they had a little tailwind. 274 00:37:03.480 --> 00:37:06.810 Don Yocham: But now that margin that margin is starting to break down. 275 00:37:07.140 --> 00:37:18.990 Don Yocham: Right they're starting to reduce that March and they're taking their deeds there's de leveraging some early signs that he'd leveraging going on in the in the financial markets, hedge funds same thing, this is a prime brokerage lending starting to pull back right. 276 00:37:21.150 --> 00:37:28.800 Don Yocham: The and as a result of those higher rates right so here's real yield and i've talked to you guys about these before right, this is this is. 277 00:37:29.220 --> 00:37:36.480 Don Yocham: Real yield adjusting for inflation expectations so basically take the 10 year treasury strip out the inflation expectations and you got the real deal. 278 00:37:36.810 --> 00:37:48.840 Don Yocham: Right well and and and it's a growth indicator if real yields are going up on their own organically that's that's a positive sign for growth right, but this is all fed induced right they are artificially. 279 00:37:50.670 --> 00:38:01.110 Don Yocham: The fed the hikes are working for sure, even that small at three basis point is that a significant impact on bringing real deals higher right, and I think that's has a very. 280 00:38:02.280 --> 00:38:16.470 Don Yocham: Very a dampening effect on growth earnings everything over the next but that's where we are that's where we are in the economy, and I think we're you know we're looking at recession i'll show you that in just a second. 281 00:38:18.150 --> 00:38:22.260 Don Yocham: And, as a result of that investment grade yields are starting to pick back up higher. 282 00:38:23.640 --> 00:38:25.200 Don Yocham: High yield spreads are blowing out. 283 00:38:26.430 --> 00:38:36.240 Don Yocham: Not to historic proportions, this was 2000 this was after coven this was all the oil field debt blowing up but we've made that turn right. 284 00:38:37.650 --> 00:38:49.470 Don Yocham: And you know even that inflation expectations are backing off a little bit is priced in the market we'll see how that comes out all the latest CPI print came in higher than expectations right. 285 00:38:50.520 --> 00:39:00.840 Don Yocham: and financial conditions are starting to move back up and again, this is only unlike an you know, a very small series of interest rate hikes right, so the. 286 00:39:02.970 --> 00:39:10.920 Don Yocham: With always felt like the economy was relatively fragile I think now that for agility is getting exposed. 287 00:39:12.060 --> 00:39:21.660 Don Yocham: And you know here's the recession indicator you guys have seen this, this is the 210 spread every time it crosses below this this this line is a to 10 spread. 288 00:39:22.320 --> 00:39:34.710 Don Yocham: Every time it crosses that line recession follows and we got awfully close we'll see if it touched it or not, but it's certainly not something that you can dismiss right as a probability as a likelihood. 289 00:39:35.700 --> 00:39:44.850 Don Yocham: And then, finally, Dr copper has just been flat out spiraling lower so those you know that's my. 290 00:39:46.530 --> 00:39:54.720 Don Yocham: that's that's why you know for on a bear case, I think that we could be not only are there some fundamental reasons to think that. 291 00:39:56.730 --> 00:40:09.030 Don Yocham: The stock should trade lower, but I think what you get apart from these little short sell short covering rally which you just gotta either you know trade every single one of them or knuckle your way through. 292 00:40:10.050 --> 00:40:13.470 Don Yocham: We get into this we get into this higher volume range here. 293 00:40:14.640 --> 00:40:24.090 Don Yocham: decidedly and I just think we're looking we're looking you know easily we could be looking at a 3000 on the s&p so thousand points lower from here. 294 00:40:24.930 --> 00:40:35.550 Don Yocham: And you know it's always a matter of you know, stay in line on your feet and seeing what else is cropping up in the market, but I think this is the overarching tempo and I think this is the overarching template for risk assets. 295 00:40:36.000 --> 00:40:42.120 Celeste Lindman: Excellent was a great presentation as Adam has typed in multiple times in the chat how you can go get a recording of this. 296 00:40:42.480 --> 00:40:50.070 Celeste Lindman: Those are a lot of great slides don thanks for sharing those with us and you all can go right there on the Fed websites and and keep track of those and I highly recommend that you do and. 297 00:40:50.340 --> 00:40:58.530 Celeste Lindman: And just you know it just really helps your insight on what's going on in the market and just reminder that you can follow dawn on he's got a telegram channel. 298 00:40:58.800 --> 00:41:07.890 Celeste Lindman: and other ways, you can get involved with don as well, and then Twitter speaking of Twitter Fausto I follow you on Twitter and. 299 00:41:08.220 --> 00:41:14.010 Celeste Lindman: You know you've got that that list of stocks that you putting out because the you have a unique way of looking at this. 300 00:41:14.460 --> 00:41:25.170 Celeste Lindman: At the real small term and it's valuable is so valuable helps to pinpoint even longer term kind of moves, but you had Twitter on their listed I also noticed coin was on there as well. 301 00:41:27.270 --> 00:41:31.560 Celeste Lindman: tell us a little bit more was it, what are the most important things for us to know as traders today. 302 00:41:32.310 --> 00:41:41.490 Fausto Pugliese: Well, you know basically when it comes down to it, you just got to really follow the money you know, and I have a bunch of slides right now I show them that was shown later. 303 00:41:41.730 --> 00:41:43.530 Celeste Lindman: don't go for whatever you want. 304 00:41:43.560 --> 00:41:44.010 Fausto Pugliese: All right. 305 00:41:44.070 --> 00:41:45.360 Celeste Lindman: awesome in Vegas to so. 306 00:41:46.410 --> 00:41:51.870 Fausto Pugliese: Let me, let me, let me share the screen give me a second right here me share a screen to there we go everybody see that okay. 307 00:41:52.170 --> 00:42:01.050 Fausto Pugliese: yep alright perfect so basically, the main thing I try to focus on is following the money and then, just like Alan brought up you just talking about Twitter have he looked at a different way. 308 00:42:01.410 --> 00:42:07.800 Fausto Pugliese: I also looked at in a very different way i'll bring Twitter here really quick and just show you what's going on this what we call level for. 309 00:42:08.790 --> 00:42:16.350 Fausto Pugliese: I was a market maker I basically was taught the living here new Yorkers taught how to basically how to follow orders institutions hedge funds. 310 00:42:16.620 --> 00:42:24.780 Fausto Pugliese: I show people how to follow the algorithms and stuff so on right here, you could see that you know, this is a gold premarket trading, so I usually start with my traders. 311 00:42:25.140 --> 00:42:33.180 Fausto Pugliese: right around you know 745 eight o'clock in the morning Eastern time and you could see that there was this big order out there, he came in a little bit late. 312 00:42:33.480 --> 00:42:45.270 Fausto Pugliese: But it at 40 there was a you know, a 77,000 chair buyer that's a still actually out there, right now, and some of you probably thinking about like where support and resistance levels come from well. 313 00:42:45.930 --> 00:42:52.350 Fausto Pugliese: If I bring over Twitter over here in an execution system, and let me just bring this over here to show what i'm talking about. 314 00:42:53.340 --> 00:43:00.840 Fausto Pugliese: bring up a chart right here it's going to kind of keep it simple you could see right around here around 40 you know the stock had a really tough time breaking it. 315 00:43:01.350 --> 00:43:10.650 Fausto Pugliese: And if I bring up a long term chart like right here, you could see that 40 was a more of a major resistance levels, when you break it becomes support. 316 00:43:10.950 --> 00:43:17.610 Fausto Pugliese: So you know when I saw that i'm like listen, you know there's always opportunity he still you know musk is still a buyer you just. 317 00:43:17.910 --> 00:43:26.940 Fausto Pugliese: she's just calling them out why they're 5% of the fake accounts out there, so there's always markets out there to trade in, like some of you also like. 318 00:43:27.390 --> 00:43:33.360 Fausto Pugliese: So, so you bring up, yes, we had coin out there, this morning, a couple of things I want to talk a little bit about those two. 319 00:43:33.690 --> 00:43:43.380 Fausto Pugliese: But the main thing that I kind of focus on is just basically how to follow orders now, obviously with risk disclosure, but he knows you know there's no guarantees what we talked about so please. 320 00:43:43.770 --> 00:43:50.250 Fausto Pugliese: Hold me responsible for it i'm here just to show you how icon of trade, so the main goal with trying to look at is you know. 321 00:43:50.640 --> 00:43:56.820 Fausto Pugliese: It tip of everyone today is, you need to follow the money, I mean that's really what it comes down to it, that's how I was trained. 322 00:43:57.210 --> 00:44:03.930 Fausto Pugliese: and basically that's how I think most people look at it, you know the dow's been down almost about 15% but. 323 00:44:04.380 --> 00:44:13.530 Fausto Pugliese: We literally last almost $3 trillion and market value we made a little bit back today with the market up about for almost 500 but, like you were talking about Celeste before I mean. 324 00:44:14.400 --> 00:44:23.250 Fausto Pugliese: Everything that we do in our trading room, we also tweet it i'm also live every morning on YouTube and Facebook at 9am and at 230 but right here. 325 00:44:23.880 --> 00:44:30.900 Fausto Pugliese: With crayons out here yeah I got my crown is beautiful so i'm looking for, so you can see right here, you were looking at these stocks, right here, we start around not. 326 00:44:31.560 --> 00:44:39.690 Fausto Pugliese: Those are basically old pre market and you could see you had to Twitter, the real big winner was this one right here i'm gonna bring up that one the. 327 00:44:40.080 --> 00:44:45.810 Fausto Pugliese: The The virtue and this one of frame will actually really, really big big runner ups. 328 00:44:46.290 --> 00:44:58.140 Fausto Pugliese: Now let me just clear this out, so you guys can see this, and let me change it right here so virtue of this morning just was a rocket this thing literally just ran from 830 in the morning, you could see it ran ran $9. 329 00:44:58.590 --> 00:45:10.410 Fausto Pugliese: Pre market really nice move up to 11 kind of do a little bit of a shake and 1030 did a nice spike from 11 to $15 a share and it's only 11 o'clock i'm I just took this image right now to show it to you. 330 00:45:10.980 --> 00:45:17.520 Fausto Pugliese: The a here's a couple of the stocks that also moved this was yesterday this thing ran from like 78 to 90. 331 00:45:18.030 --> 00:45:24.420 Fausto Pugliese: llc it was pretty cool that one in pre market righty open 1650 always $18 so. 332 00:45:24.990 --> 00:45:31.290 Fausto Pugliese: A lot of people always ask where do you find these big movers now there's really no secret as a day trader because that's really what I am. 333 00:45:31.590 --> 00:45:38.700 Fausto Pugliese: we're just kind of work off the big percentage gainers and losers and you could see all those spots that we talked about are on that list, now the thing is. 334 00:45:39.360 --> 00:45:49.290 Fausto Pugliese: That you always want to ask, I mean, how do you know which one is going to give you the least amount of risk with the high amount of reward, how do you know which one to follow the main goal is this you follow the money. 335 00:45:49.710 --> 00:46:01.410 Fausto Pugliese: there's a lot of those stocks that are moving, but the question is which one has the least amount of risk with the high amount of award which one is showing you the big buyers and sellers out there, so there's four ways of viewing this. 336 00:46:01.950 --> 00:46:10.440 Fausto Pugliese: And that really focus on order flow, there are there's Level one there's level to this level three and shoot what a tertiary level for. 337 00:46:11.760 --> 00:46:19.380 Fausto Pugliese: here's just a basic description of some people just kind of educate everybody with the differences, because everyone always asked what is Level one what would, what do I see. 338 00:46:19.860 --> 00:46:27.180 Fausto Pugliese: And what is Level two you know now I was just live i'm live, you know very frequently i'm a regular guests at the NASDAQ. 339 00:46:27.600 --> 00:46:32.910 Fausto Pugliese: NASDAQ has her own TV show and I specifically focused talking about something called book viewer. 340 00:46:33.240 --> 00:46:37.950 Fausto Pugliese: Which is their platform where you trade off it's like having a foreign exchange i'll talk a little bit bit more about that. 341 00:46:38.280 --> 00:46:47.220 Fausto Pugliese: But basically, what i'm usually kind of showing everybody is just you got to follow the money and the problem with Level one and Level two, is it really not giving you any data. 342 00:46:47.490 --> 00:47:00.810 Fausto Pugliese: You mean you're just seeing what live orders are you're not seeing exactly who's buying it who's selling it and you're getting some good data to see the bid the ass you know P ratio book values market CAP level to. 343 00:47:01.950 --> 00:47:13.350 Fausto Pugliese: outdated, you know it's free you know now it's free but that's all it's worth but for some of you don't know what it is basically you got your buyers you got your sellers you get to see exchanges. 344 00:47:14.280 --> 00:47:22.110 Fausto Pugliese: With they want to buy it for and how many you know how many shares everything's multiplied by 100 The issue here is that. 345 00:47:23.400 --> 00:47:36.510 Fausto Pugliese: there's only showing you want to order, do you not seeing all the orders now getting back to what I just showed you before, and let me change this back it all comes down oops wrong one. 346 00:47:39.630 --> 00:47:49.620 Fausto Pugliese: When you what you need to do is you want to know what to trade, you want to know where to look for those stocks, so you need to follow orders and the one place that we focus on is called NASDAQ book viewer. 347 00:47:49.980 --> 00:47:55.560 Fausto Pugliese: I don't know if anyone ever had it, but you can get it right through nasdaq's website they charge $15 now like you know. 348 00:47:56.160 --> 00:47:59.130 Fausto Pugliese: Some of us have been going around been around here for a long time, as you know. 349 00:47:59.850 --> 00:48:06.780 Fausto Pugliese: You don't have a seat on the exchange back in the old days just Of course you several million dollars now, you need that anymore. 350 00:48:07.080 --> 00:48:10.770 Fausto Pugliese: So the big thing is now, you can actually just you have a seat on the exchange. 351 00:48:11.160 --> 00:48:18.180 Fausto Pugliese: So NASDAQ actually i'm one of their speakers that kind of educate everybody how to use their platform which is called book viewer and. 352 00:48:18.510 --> 00:48:24.000 Fausto Pugliese: This is a pretty cool tool, where you get to see all the buyers and sellers, you have to understand something here. 353 00:48:24.690 --> 00:48:31.440 Fausto Pugliese: All right, and you read this carefully, you can have a support level without buyers and you can't have resistance levels, without sellers. 354 00:48:31.860 --> 00:48:40.080 Fausto Pugliese: So going back over here and looking at the book viewer just want to kind of put this in a better perspective for you we're looking at a basic chart right here, and this is what I teach my traders. 355 00:48:40.500 --> 00:48:43.320 Fausto Pugliese: Do you want to know where to get in you want to go to know where to get out. 356 00:48:43.620 --> 00:48:57.660 Fausto Pugliese: I don't teach the past I teach the future, the future is where are the orders so we're looking at a chart right here, you see a stock going from 1360 and a matter of 30 Minutes it drops all we'd want to 1260 and you're like okay why 1260. 357 00:48:58.230 --> 00:49:08.880 Fausto Pugliese: Why not, why not 13 well if you looked at NASDAQ book your yet 181,000 chair buyer out there let's you got 100 chair buyers you got 5000 chair buyers. 358 00:49:09.240 --> 00:49:19.770 Fausto Pugliese: there's 180 1000 and, by the way, yes, that is a real order, and if you don't believe me when you come my trading room i'll be happy to find one will use your money you tell me how fake, it is a look to see how you get ahead of it to. 359 00:49:20.370 --> 00:49:27.660 Fausto Pugliese: The most fun part of it, but though these are real live orders okay their algorithms their high frequency trades their institutions. 360 00:49:27.900 --> 00:49:33.570 Fausto Pugliese: So it's more or less following the order, and if you knew that that buyer was there, the stock went from 1268 to 1340. 361 00:49:34.050 --> 00:49:44.460 Fausto Pugliese: here's a selling is a sell stock goes from $2 all the way to five in a matter of two hours now that's a pretty substantial profit right there you know people want 1000 shares of stock. 362 00:49:44.670 --> 00:49:53.550 Fausto Pugliese: let's just say you bought a three and sold $4,000 quarter million dollar salary not bad, so you have to kill it, but how would you have known it would have been went down from five. 363 00:49:53.820 --> 00:49:59.370 Fausto Pugliese: Why did it go to eight wine to stop that for well there's a 215,000 share seller out there. 364 00:49:59.820 --> 00:50:09.780 Fausto Pugliese: So, remember, this is not my software I didn't invent this OK, this is NASDAQ this is their exchanges with every single order around the entire world is placing orders okay. 365 00:50:10.350 --> 00:50:19.950 Fausto Pugliese: This is what we call an ECM it's called electronic communication network, I was actually believe it or not, one of the developers on when EC ends came to fruition back in the early 90s. 366 00:50:21.060 --> 00:50:24.270 Fausto Pugliese: But this is basically what were the exchange actually. 367 00:50:25.590 --> 00:50:32.490 Fausto Pugliese: You know, obviously led to so let's go over a couple more examples okay so let's look at AMC, for example, very popular stock. 368 00:50:32.880 --> 00:50:42.360 Fausto Pugliese: You know, one of the main stock stock is trending down right it's falling down now The goal is this we've all been to stocks right and we're like do I get out now do I do we like where. 369 00:50:42.720 --> 00:50:53.160 Fausto Pugliese: where's the bottom right well the bottom is this follow the orders okay that's all you need to do is follow the order so let's go hop over here on NASDAQ book viewer so. 370 00:50:53.670 --> 00:51:00.000 Fausto Pugliese: Listen losing money you're in a stock and that's I mean i'm more of a fan of kind of teaching people how to stop losing money not how to make money. 371 00:51:00.270 --> 00:51:11.040 Fausto Pugliese: Because winners take care of themselves, but when you look over here you have 170 6000 share buyer right there at $16 now like I said that's a real order okay that's that's on the exchange. 372 00:51:12.150 --> 00:51:24.360 Fausto Pugliese: I don't care about the 600 share buyer I don't care about the 200 share buyer but I damn well know, care about that hundred and 76,000 share buyer and guess what when it got down to that price it went from 16 up to 1660. 373 00:51:24.750 --> 00:51:34.860 Fausto Pugliese: And that's what day traders are looking for we're just looking for you know just making those little profits, making a day's pay and just following the big order now. 374 00:51:36.180 --> 00:51:43.530 Fausto Pugliese: let's look at American Airlines same thing okay stocks going up where's the resistance levels lot of you traded American airlines. 375 00:51:43.890 --> 00:51:56.160 Fausto Pugliese: little bit more of a brand name stock you won't get as big of a what we call iceberg order out there, but you had a 57 54,000 shares seller at 1425 you know listen there's 4000 chairs 2000 1000. 376 00:51:56.700 --> 00:52:03.630 Fausto Pugliese: You know what stock started 1320 had a beautiful run over the course of the day, you get around one o'clock you like and wondering. 377 00:52:04.320 --> 00:52:15.000 Fausto Pugliese: Why is it going down well look at that if you didn't have a game plan it didn't get out that price boom thing goes down to 1360 you know that's a 65 cent was now for a day trader, some of you like. 378 00:52:15.540 --> 00:52:28.320 Fausto Pugliese: 65 cents right well at 1000 shares $650 do that every day you blow through $100,000 like that okay so day traders, a little bit more more conservative when it comes to looking at those orders. 379 00:52:28.890 --> 00:52:40.710 Fausto Pugliese: Now this is what we call iceberg orders an iceberg order is a big block order everybody only looks at top, but if you don't have the right data to look at the bottom that's how you blow up your account now let's talk about one last thing. 380 00:52:41.880 --> 00:52:49.650 Fausto Pugliese: And I want to talk about level, for now, this is really gonna blow your socks off so level four actually how can I say it um. 381 00:52:50.520 --> 00:52:53.610 Fausto Pugliese: For some of us some of the traders and and we know what we're a cold ECM. 382 00:52:54.210 --> 00:53:03.120 Fausto Pugliese: Well there's also the New York Stock Exchange is also ED gx there's also archipelago, there were other exchanges, other than in New York Stock the NASDAQ. 383 00:53:03.420 --> 00:53:11.190 Fausto Pugliese: So what this does is it aggregates it it actually with ty other orders out there from other exchanges so even though you might want to use NASDAQ. 384 00:53:11.670 --> 00:53:17.280 Fausto Pugliese: There might be a big order on the New York Stock Exchange, that you will not see so these platforms actually will put them together. 385 00:53:17.670 --> 00:53:24.060 Fausto Pugliese: So what we're looking over here is not only we're going to see it more visual and more of an A color basis, so let me show you what i'm talking about. 386 00:53:24.900 --> 00:53:36.360 Fausto Pugliese: We have an iceberg water in the stock right here we're looking at he bought OK, so the stock at 930 you could see a big red red red line roughly that was about I don't know about 50 to 80,000 shares, I think. 387 00:53:36.570 --> 00:53:38.190 Fausto Pugliese: From my experience or the color on it. 388 00:53:38.550 --> 00:53:41.430 Fausto Pugliese: You sell the stock just literally got to resistance levels. 389 00:53:41.580 --> 00:53:57.450 Fausto Pugliese: And you're like Okay, how does stop breaking resistance well that resistance level got executed and once you got executed Bam look at that there was no one else out there stock goes, all the way up to 520 you like well why 520 how did you get to 520 well listen, you should have big little. 390 00:53:59.520 --> 00:54:05.670 Fausto Pugliese: bar right there at the bottom will right there at the bottom that buyer got done and, with that buyer got done listen. 391 00:54:06.180 --> 00:54:15.270 Fausto Pugliese: you're going to have resistance levels everywhere, but when that seller are done boom that thing's gonna go with you, without you so if you're short you screwed if you're long you're going to be happy. 392 00:54:15.810 --> 00:54:20.220 Fausto Pugliese: So getting back to it, what do we do we follow the orders. 393 00:54:20.850 --> 00:54:29.880 Fausto Pugliese: Now let's bring in indicators into this alright so as a day trader we don't really use indicators, because they lack too much for us by time they kick in a little too late. 394 00:54:30.420 --> 00:54:36.510 Fausto Pugliese: And i'll show you what I mean plt are no other big stock think about this for a second over here on the right hand side. 395 00:54:37.230 --> 00:54:43.680 Fausto Pugliese: 460 5000 share buyer guy pops up there right around 930 in the morning, you could see clear as day. 396 00:54:44.190 --> 00:54:54.570 Fausto Pugliese: Listen, that is, a lot of shares okay that's a hell of a lot more than any of us here, whatever trade even together or beyond it talking close to about $6 million worth of stock. 397 00:54:54.900 --> 00:55:04.530 Fausto Pugliese: OK Now the question is this, what do you think's going to happen when a test the buyer $12 okay will go up or will it go down well guess what. 398 00:55:05.250 --> 00:55:16.380 Fausto Pugliese: hit that buyer buyer got so bit by a little bit shot up to 1213 shot up to 1225 shopped at 1236 all the way up to 12. 399 00:55:16.800 --> 00:55:26.190 Fausto Pugliese: On 1258 and eight people kept buying it now in a matter of 30 minutes, but if you do the math 12 to 1250 let's just use simple math 50 cents. 400 00:55:26.430 --> 00:55:35.310 Fausto Pugliese: $500 on 1000 shares $500 hundred thousand dollar salary, you know you've done in 30 minutes that's why people like day trading and you're done for the day. 401 00:55:36.450 --> 00:55:44.610 Fausto Pugliese: Now you could apply this to swing trading and you could do this for crypto crypto trading you could do for futures trading I specifically stock trade. 402 00:55:45.000 --> 00:55:51.600 Fausto Pugliese: So that's that's really what I was born, then what i've done on been one of the original day traders SOS band is that started so but. 403 00:55:52.170 --> 00:56:00.360 Fausto Pugliese: But that's really where I really focus on in here now, when you look at the chart and you look at this you look at the chart you look at this you like. 404 00:56:01.140 --> 00:56:12.780 Fausto Pugliese: there's a lot of moving parts here you're not I mean you got bolger bands macd stochastics you know RSI you know you can really get yourself confused, there are about a hundreds, but thousands of indicators out there. 405 00:56:13.140 --> 00:56:29.370 Fausto Pugliese: Now, for me, I just like some people like visual well I like to look visual I like to look at orders and by seeing those orders it's all about following the orders and it's all about keeping things simple it's what we call the kiss method now, how can we learn more about doing this listen. 406 00:56:30.780 --> 00:56:39.420 Fausto Pugliese: I, like everybody to come and join my team now listen I practice what I preach you know I got several instructors that work with me, I want you to come in, you can see, these people, just like you. 407 00:56:40.200 --> 00:56:45.630 Fausto Pugliese: come in and see what it's all about coming out trading room i'll show it to you live, this going to help everything. 408 00:56:46.260 --> 00:56:57.780 Fausto Pugliese: What you're doing with everyone here to speaking also it just gives you a different perspective of just following some orders are out there now basically is the room, you know everyone, he will be a big chance to be invited. 409 00:56:59.250 --> 00:57:08.520 Fausto Pugliese: Like I said what's The worst thing can happen you learn something but see these other people out there they're just like you see how they buy see how they sell it to they think for themselves, she. 410 00:57:08.970 --> 00:57:13.860 Fausto Pugliese: you'll see why we're trading Robin Hood or Twitter, you know or your coin base, you know and. 411 00:57:14.250 --> 00:57:26.250 Fausto Pugliese: I think I own coinbase believe or not, that company was public I owned at 420 bucks I got out at 422 and I said screw this this thing is ridiculous crazy volatility, you know what. 412 00:57:26.550 --> 00:57:33.600 Fausto Pugliese: Those are big height when that when crypto really was at a time, look where it is today drop down oh dropped always down to 40 I would have been crushed. 413 00:57:34.050 --> 00:57:41.550 Fausto Pugliese: And how would I have known that because I follow the orders people says oh i'm getting out getting out and obviously you heard the news what they basically why they got crushed but. 414 00:57:42.330 --> 00:57:53.220 Fausto Pugliese: we're live every morning at nine and 1030 and i'm also live every afternoon at 230 to four rebroadcast live in our trading room we trade live without traders, we teach how to think for yourself. 415 00:57:53.490 --> 00:58:01.620 Fausto Pugliese: You know, we also have an alert service, where you can actually access it on your phone, so you have to worry about any of that stuff so you don't need to be there, by the way, this is not a full time job. 416 00:58:02.100 --> 00:58:08.700 Fausto Pugliese: And I got traders there one day a week I got traders there every morning but it's all about just making you money for the day and that's it. 417 00:58:09.270 --> 00:58:18.630 Fausto Pugliese: Now come and watch this trade, you get to see what it's about you could you could use other people's trading platforms, because I have people that I mean I don't know how involved and serious you are but on. 418 00:58:19.050 --> 00:58:22.230 Fausto Pugliese: But you could try a little bit of everyone stop you should try everybody's a little stuff. 419 00:58:22.800 --> 00:58:29.190 Fausto Pugliese: You should be able to catch on it right away it's not that really hard, and this is the basically the promo i'm doing for everybody just name your price. 420 00:58:29.850 --> 00:58:40.260 Fausto Pugliese: I don't care I don't all I want to know is, I know you're a real person that's basically it name your price I don't care what you want to pay us just go to see to trial that's all you have to do. 421 00:58:40.890 --> 00:58:47.820 Fausto Pugliese: we're going to give you a crash course on it, how to trade will teach you, you know, basically, do you need a brokerage account. 422 00:58:48.180 --> 00:58:58.050 Fausto Pugliese: Do you basically how much money you need to trade we'll talk about you know, do I do I need to be a be there every day, you know these are things that will cover. 423 00:58:58.830 --> 00:59:06.660 Fausto Pugliese: In the trading room with you you'll talk to my staff you'll be on the phone with them we'll just talk to our instructors, you know, we want to make sure that you're making a very. 424 00:59:07.080 --> 00:59:15.930 Fausto Pugliese: wise decision, because you could blow up your account like that, I mean, I had a student, the other day, you know listen my students always successful know but. 425 00:59:16.650 --> 00:59:24.960 Fausto Pugliese: One of the main reasons why because it's some of them got stuck in a position, and they they blew up their account I don't we don't like to do that, I was in Vegas with the other. 426 00:59:25.560 --> 00:59:31.590 Fausto Pugliese: The other gurus and I think that was one of the biggest reasons why a lot of people there, they see what's happening, they get nervous. 427 00:59:31.860 --> 00:59:39.390 Fausto Pugliese: You know, one of you were joking around the trading room they're like how could you have a bad time in Vegas well listen people out there just goes over to Vegas and Gamble did you learn your me. 428 00:59:39.750 --> 00:59:49.080 Fausto Pugliese: And I tell you that's one of the biggest issues and that's why we here to ask the pros but all i'm asking is this, if you want to see how to follow Level three level four. 429 00:59:49.590 --> 00:59:56.160 Fausto Pugliese: And you want to see how to follow these orders, I mean if you're in a trade right now, and you want to know, am I have support just name your price, I listened. 430 00:59:56.580 --> 01:00:04.170 Fausto Pugliese: $1 $5 200 I don't care, whatever it is, but this is what we're going to cover you're going to get workshops, you can the traders talk you get it. 431 01:00:04.440 --> 01:00:13.290 Fausto Pugliese: Basically, going to be in our trading room live all day and not only that, but if you register here now i'll even be able to give you a coaching class, I mean listen. 432 01:00:14.340 --> 01:00:23.490 Fausto Pugliese: i'm a New York guy i'm very, very honest with you, I will not sugarcoat anything if I find that you stopped for you, or rather tell you point blank right there but. 433 01:00:24.180 --> 01:00:31.140 Fausto Pugliese: there's going to time where you're interviewing us here and there's gonna be times when i'm going to interview you so if you register, you know right now. 434 01:00:31.530 --> 01:00:37.320 Fausto Pugliese: Name your price $1 $5 I don't care 2800 whatever you think i'm worth if you're not. 435 01:00:37.890 --> 01:00:43.110 Fausto Pugliese: Just do the trial and guess what at the end of it trial i'll give you money back if you feel like i'm wasting your time. 436 01:00:43.650 --> 01:00:57.510 Fausto Pugliese: But but don't make the mistake that some of those people there that I saw in Vegas because 90% of them are not really doing too well, and you got to learn before you can earn and that's why you here i'd ask the pros that's absolutely yeah all right. 437 01:00:57.780 --> 01:01:07.890 Celeste Lindman: Well yeah I was just going to jump in there faster, not to interrupt sorry about that, but yeah like you said 90% you know they're hurting because that's what the average trader is doing they're losing money and that's why we are all here. 438 01:01:08.160 --> 01:01:13.650 Celeste Lindman: to learn, and you said a couple other things also to you know all of these traders that are here all these professional traders. 439 01:01:13.890 --> 01:01:26.280 Celeste Lindman: They learn from each other, school is not out for the pro they're always refining their skills in there and how they are able to see the markets by listening to each other and applying these things so fast is right, you know they try their stuff. 440 01:01:26.520 --> 01:01:36.930 Celeste Lindman: Each one of these guys tries these other guys stuff all all the time is incredible you know you talked about following the orders talking about following the money you know our spot following the money. 441 01:01:37.320 --> 01:01:45.240 Celeste Lindman: And these traders are successful in a variety of timeframe so i've never ever seen this when you are, you name your price, are you kidding me. 442 01:01:45.480 --> 01:01:50.040 Celeste Lindman: Name your price you just click on that link right there go check whatever price, you want to pay for this. 443 01:01:50.370 --> 01:02:04.050 Celeste Lindman: and get involved understand this level for type of trading that thousands talking about it is phenomenal it's incredible so you just go right there to that link 8000 people were asking what's the duration of this how long will they get to be with you. 444 01:02:04.170 --> 01:02:12.390 Fausto Pugliese: it's basically right there just one week you only need a day i'd be honest with you just one day I mean, even today, I mean the market, you know, the way it rallied early in the morning and so on. 445 01:02:12.810 --> 01:02:19.920 Fausto Pugliese: You know it's it's but the the big most important thing that you need to do is that when you do register, you have to talk to my staff. 446 01:02:20.280 --> 01:02:27.630 Fausto Pugliese: We have these these videos want to make sure you do either just you know what you're looking at when you go into the room, because a lot of you even even here you're watching. 447 01:02:27.930 --> 01:02:33.480 Fausto Pugliese: Some of us talking and showing you these charts you're like what does that mean what does this mean, you should know what you sound like you know we talking about. 448 01:02:33.750 --> 01:02:38.490 Fausto Pugliese: But make sure you do to get the customer service, make sure you talk to talk to our our our. 449 01:02:39.120 --> 01:02:46.530 Fausto Pugliese: Our education advisors, so when you get in the room, you really, really can see if it's view or not, because, let me tell you trading is not for everybody, and I think everyone here. 450 01:02:46.770 --> 01:02:52.860 Fausto Pugliese: will explain it we all have a really different style I think a lot we all came from education of Fort Knox you know. 451 01:02:53.580 --> 01:02:59.670 Fausto Pugliese: I think 70% of US trade exactly the same in a way of discipline and psychology that's one of the. 452 01:02:59.940 --> 01:03:08.820 Fausto Pugliese: things that really everyone has to learn a lot more, and then you just kind of build your style listen, you know, some people like you don't I don't have time to day trade me i'm more of an option, I like it. 453 01:03:09.240 --> 01:03:14.340 Fausto Pugliese: You know, go out there, find somebody come to the ask the pros and all of a study here but. 454 01:03:14.640 --> 01:03:21.780 Fausto Pugliese: Some people are scared to day trade it like if they go, you know you're gonna lose all your money listen listening to 2000s, I mean, I know, Alan probably remember those days. 455 01:03:22.260 --> 01:03:30.750 Fausto Pugliese: Back in the Internet bubble when we had all those day trading firms so yeah of course it's not like that you don't mean it and if it needs to be around this long, I have this you did something well. 456 01:03:31.200 --> 01:03:44.640 Fausto Pugliese: But um but yeah I mean it's it's it's you have to learn how to play the game you got to find what style, you are, and let me tell you us traders i've learned a few things just listen everybody here great traders never stop learning and that's what you have to remember. 457 01:03:45.120 --> 01:03:55.590 Alan Knuckman: optimism wins we've got you know, remember that there's always opportunity so markets aren't good or bad there's just different opportunities, you have to have the tools and the skills to attack them. 458 01:03:56.100 --> 01:04:04.050 Alan Knuckman: And, and like Fausto said things were a lot different in the late 90s, and you know day trading was something that I, I dabbled in. 459 01:04:04.320 --> 01:04:10.890 Alan Knuckman: But now my lifestyles change and I like to use options and trade long term and not look at the markets during the day, some days I pick it up. 460 01:04:11.100 --> 01:04:18.900 Alan Knuckman: And day trade that's fine, but most of the time i'm looking big picture, it just depends on your personality your risk tolerance there's always money to be made. 461 01:04:19.620 --> 01:04:21.150 Don Yocham: Up optimistic in yourself. 462 01:04:21.330 --> 01:04:23.580 Alan Knuckman: that's it yes yeah hundred percent. 463 01:04:24.210 --> 01:04:28.800 Celeste Lindman: Well, and I think you know jumping back on that day trading thing you know that's really what transfer my trading. 464 01:04:29.040 --> 01:04:36.540 Celeste Lindman: Was understanding that day that day trading that market, and you know i've had some training similar to these guys and. 465 01:04:36.810 --> 01:04:43.080 Celeste Lindman: You know, it just wasn't it just wasn't paying me and I lost an awful lot of money in 2008 2009. 466 01:04:43.380 --> 01:04:50.700 Celeste Lindman: So it was that day training that's actually when I first met Fausto as well to is right at that time frame, it was a real low for me it's all about having my head in the sand. 467 01:04:51.120 --> 01:04:55.140 Celeste Lindman: But it was that respective it was that inside of that level for. 468 01:04:55.380 --> 01:05:10.380 Celeste Lindman: That was very transforming So even if you aren't going to be a day trader I highly recommend that you go find out more about this and you understand what is going on in this belly of this well so go to that www.ct you.co CEO slash trial. 469 01:05:10.710 --> 01:05:22.170 Celeste Lindman: You know, pick a price there that they have for yet and get signed up for the week learn learn learn, just like all these guys have said they've all said they're learning from each other, I know, all these guys have honed their skills from. 470 01:05:22.200 --> 01:05:24.060 Alan Knuckman: each other, we love it here one thing. 471 01:05:24.300 --> 01:05:35.790 Alan Knuckman: This is the best time ever for the that the biggest reason is because a risk control, you can control risk like never before, when I was a kid and used to trade futures they didn't take stops at night, you had to. 472 01:05:36.030 --> 01:05:46.230 Alan Knuckman: You had to get up three or four times and call Japan and see what bonds were doing so right now, you can control your risk and each and every trade dramatically and that's the biggest difference. 473 01:05:46.560 --> 01:05:52.290 Fausto Pugliese: And the other thing I want to add is that to everyone to realize that if you're an options trader swing trader, it will start from day trading. 474 01:05:52.620 --> 01:05:56.760 Fausto Pugliese: You know the way how you become like a very good option traders like because it's really black and white. 475 01:05:57.030 --> 01:06:05.850 Fausto Pugliese: I mean, I was all Tom busby we had a big event, and you can watch that recording we did a really I mean me and Tom would train to train together, he even jumped into level four is like. 476 01:06:06.120 --> 01:06:13.140 Fausto Pugliese: basket I get down um I think or swim platform because i'm like yeah he's like Jesus he made a fortune trading oil when when it when it when we sort. 477 01:06:13.410 --> 01:06:19.170 Fausto Pugliese: So the thing is like whatever happens over the course of the day, will trickle into a swing trade and they will trickle into an option. 478 01:06:19.410 --> 01:06:30.660 Fausto Pugliese: So if you're an option trader, you know, like instead of people were in a train the same option over and over again, which by the way, let me just give you a little everybody recommendation, if you lose three times in a row, and a stock don't ever traded again. 479 01:06:30.960 --> 01:06:35.340 Fausto Pugliese: It goes through striker out rule, but if you understand what happens, of course of the day, like wow the stock media has. 480 01:06:35.550 --> 01:06:40.650 Fausto Pugliese: holy crap custom great options or you might be like you don't want my I want to do a swing trade right now. 481 01:06:41.010 --> 01:06:47.400 Fausto Pugliese: But It all starts what happens over the course of the day, we're like the marines that they say call us and then obviously you bring the air force and then you bring you know. 482 01:06:47.640 --> 01:06:54.600 Fausto Pugliese: The navy and everything else, but once you understand how that plays then you'll know that and then you might you know I don't have the time then i'll maybe want to. 483 01:06:55.140 --> 01:07:07.530 Fausto Pugliese: You know, do, do you know you'll find your niche but i'm basically saying just like Alan said, like we all dabbled we all tried it, but it all led into you know other things that will help you understand what which is really your style. 484 01:07:08.460 --> 01:07:18.600 Celeste Lindman: And I would even say you know 2022 is the year of having a lot of different types of styles being able to do a lot of different things, and really even going down smaller in that time frame, which is exactly what you're teaching there. 485 01:07:18.900 --> 01:07:23.490 Celeste Lindman: Fausto so thank you all, thank you all for being here, I hope you all. 486 01:07:25.050 --> 01:07:25.950 Alan Knuckman: go ahead and do it. 487 01:07:26.190 --> 01:07:34.830 Chuck Crow: Listen, I got 1.1 point I want to make and lecture sounds coming across well, but even if you don't trade using a particular. 488 01:07:35.430 --> 01:07:50.790 Chuck Crow: system, knowing that system is there and having that as a tool and advantage that you can use going forward is going to help all your other trade so knowledge is a good thing, the more you have the better you're going to be, even if you're not trading. 489 01:07:52.530 --> 01:07:53.550 Chuck Crow: It was just. 490 01:07:54.210 --> 01:07:55.770 Celeste Lindman: Excellent very well said chuck. 491 01:07:55.770 --> 01:07:56.580 Celeste Lindman: i'm glad that you came. 492 01:07:56.610 --> 01:08:02.040 Celeste Lindman: On and said that as well because there you go you hear from these pros they're saying they learn from each other so. 493 01:08:02.280 --> 01:08:10.620 Celeste Lindman: Make sure you get signed up there with Fausto we're so glad all of you were here with us today all of our professional traders, all of you in the audience as well, hope that it's helping your trading. 494 01:08:10.860 --> 01:08:17.940 Celeste Lindman: and we look forward to seeing you back here next week on ask the pros But until then go to that website WW cto. 495 01:08:18.210 --> 01:08:30.000 Celeste Lindman: CIO slash trial and get involved with file so find out come back here next week and tell us what you learned will be glad to hear that have a great weekend everyone, even if it is Friday the 13th.