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On this week’s show: Guy Cohen, Tom Busby, and Fausto Pugliese.
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►Click To View This Episode's Transcript◄1 00:00:00.000 --> 00:00:01.530 If you don't know that 2 00:00:01.750 --> 00:00:30.899 Celeste Lindman: the markets can go up, they can go down very quickly, and the thing is, you can lose money. In fact, you can lose a lot of money, and unfortunately the average trader does just that, and that's why we come here on. Ask the pros week after we to help you get on the right side of the market to help give you that edge, and that's what we're going to share with you some tips and tools that these traders use to do that. Of course they get professional results, you know. They get the amazing two hundred percentage, you know, and in very quick 3 00:00:30.910 --> 00:01:00.890 Celeste Lindman: periods of time, and they do that, using their knowledge and those tools. So we're going to talk about that. But you need to make sure that you understand whatever you are trading before you ever click that mouse. And so today, bringing all this great content to you, we have Tom Busby, the twenty-four hour Trader, We've got Faust of the Lazy with the iceberg trader we're gonna find out about that, and we have Guy Cohen from across the pond trading with an edge. In fact, Guy, Okay, I'm gonna go ahead and get started with you. I know you have a 4 00:01:00.900 --> 00:01:07.710 Guy Cohen: You got the iceberg training. You got the twenty-four. How? What's mine? You're across the pond 5 00:01:07.720 --> 00:01:21.649 Guy Cohen: Is that the across the pond trade? And the pond the pond? I'm the pond. Okay, So I I see we're going age before duty people before beauty. Rather. I'm. I'm going to share my screen. I think. Aren't: I 6 00:01:21.660 --> 00:01:51.640 Celeste Lindman: yeah, go ahead and grab the screen while you're doing that. Let me tell these great folks about you more about you, because and exactly what what, uh, what guy brings to the table is really this big money view, and he says that you, if you know what the leverage players are doing, and you have the keys to the kingdom over there in England, and he has four best selling books I got. I brought it up for you, that guy I this I've had this book for decades. Um! He's like four best selling books. Um options made easy The Bible 7 00:01:51.650 --> 00:02:21.640 Celeste Lindman: option strategies and volatile markets made easy. We like that right? And the insiders that the New York Stock Exchange uh your your ownet has license, guys options, software. He provides data, all different types of things. So we're really glad that we had a guy with us here today. So tell us, Guy, you know. Easy question starting up from you know. What is it like over on your side of pond, and and from the economy standpoint, and then then give us that big picture view and what you, 8 00:02:21.650 --> 00:02:24.750 I think we should be doing from your perspective right now. 9 00:02:25.140 --> 00:02:44.099 Guy Cohen: Well, um! What it's like over here is cold and wet. That's the first thing, and that pretty much sums up the uh economy as well right now. So you know the Usa. You got your problem, but you'll be fine uh you always shed your skin. You always innovate. I I you know I would always bet long term on the United States. 10 00:02:44.110 --> 00:03:11.969 Guy Cohen: Uh, we have some complicated problems over here, but that let's not get stuck into that I think it'd be. I think we would like to only be trying to be constructive here. Um, with you guys, and you gave me some a pretty hard task. I want to whiz through it, if I may select, because when I asked you what you wanted me to talk about, I mean, Let's get into that in a minute. Um! The The task you set me was uh It's almost like you don't want me here again. Um! So let's get into that. 11 00:03:12.440 --> 00:03:18.639 Guy Cohen: No uh before I do, though. Um save the day, because I think next week, if that No, I didn't think next me. I know next week. 12 00:03:18.650 --> 00:03:39.859 Guy Cohen: Uh, we're gonna do a webinar all about following big money for princes. Exactly what we do. It's the only thing we do. Um! And it is as it is backed up by actual real numbers. We are literally uh helping professional money Managers manage their portfolios with our automated systems just based on everything that I I do in terms of stock selection. So um 13 00:03:39.870 --> 00:03:49.679 Guy Cohen: save the day seventeenth of November, one Pm. Eastern time. I'm going to get into that. But so let's just put me on a mission today, and I got to whiz through this before I get kicked out, 14 00:03:49.730 --> 00:04:07.970 Guy Cohen: so the way that I approach trading, and the wise trader system is in three parts. First of all, it's market timing the most. It's pretty much a holy grail of trading. If you can get market timing. You know you all the wizard. Um! It's difficult. It's very elusive, but we're going to get into it today. The other components of What we do is once we 15 00:04:07.980 --> 00:04:37.349 Guy Cohen: don't screw up our market timing, Then we're into stock selection. This is where we talk about the big money footprint, seeing where the leverage players are going. We have empirical data with that real money in the markets, millions and millions of dollars to demonstrate that that is a real thing. And and obviously this is why we're in demand and other places. So that's what next week will be all about today. We're all about stock market timing next week will be all about um stock selection, and then the third component is risk management. That's your trade 16 00:04:37.360 --> 00:05:03.989 Guy Cohen: plan, and it has to be simple. It has to be clear, and it has to do with things like protect you. It has to do things like protect profits, and it has to do things like being able to follow trend, and it all has to be based on evidence. In the first place, if you're trading um any kind of strategy without the basis of evidence, without the base of logic. You're going to end up losing over the long term. So today uh this is what to Lester's request for me to do, 17 00:05:04.210 --> 00:05:32.110 Guy Cohen: and the idea as well about trading is this: There are complexities with trading, but you have to have clarity of mind in order to have clarity of mind. You've got to be able to do things quickly, otherwise you will not have the discipline to do it. You board, and you'll run out of steam. You'll run out of discipline as well. So it just bear that in mind, software, is there to help you and enhance you uh your performance, but also keep you on track. It's as much about keeping that discipline. So we need to make things easy, straightforward, and clear. 18 00:05:32.120 --> 00:05:51.949 Guy Cohen: So Let's talk about market timing, because this is what I've been asked to do. Um First of all, a bit about me. I'm a math guy, or I say maths, You say math, whatever potato to whatever the whole thing is, anyway. But the point is, let's talk about this. No, a pin, no conspiracies. I'm not into conspiracy theories. 19 00:05:51.960 --> 00:06:20.069 Guy Cohen: And And here's the thing: if you are great. But what can we do about it? Nothing. So guess what. Let's not waste our time with conspiracies. They might be right. We I might be a lizard living one hundred feet down. We have down the ground. I could be, but it doesn't matter, so I can't do anything about it. So get that out of your trading. Uh you know, out of your where, when there, also try not to have an opinion. I know it's difficult with all these, if you go on Twitter, and you see about one hundred different opinions from very respectful people. 20 00:06:20.080 --> 00:06:33.029 Guy Cohen: But really it will only kill your training account based on logic and and what we say. Trade what you see, what we see, our big money footprints supply and demand those things, and also take drama 21 00:06:33.040 --> 00:06:50.889 Guy Cohen: and victim Hood out of your training. I promise you the markets are not out to get you. There is no bogey mounted markets. I've had people literally trading with three thousand dollars, saying the Fbi out to get them, making sure that they lose. I They've got better things to do honestly. So we have to base things on logic and based on numbers. 22 00:06:51.000 --> 00:07:13.969 Guy Cohen: I'm doing this because uh it's Lester's asked me to do it now if you want me to talk about market timing and a whiz through this. So what I've done is had a few slides um every week I give a market review, and we have been pretty good on Market timing. And it was through this really really fast, though. Okay. So go to twenty-first of August. What did I say? I said. Various setups continue to look 23 00:07:13.980 --> 00:07:22.970 Guy Cohen: bearish. This is here. The way That little arrow is so you can actually go into my blog and read all this and sign up, and you'll get it as well. Um! And you'll go 24 00:07:22.980 --> 00:07:52.299 Guy Cohen: uh short term volatility would be super helpful uh telegraphing the next move down, and I think we got a plus mark for that, because the move next move was down. Let's move on to the following week. Twenty, eight of August. I'm. Giving you this to give you a little bit of confidence in me hopefully. I'm going to be misplaced. But this is a bit of confidence. Twenty eighth of August! What did I say? I go? Certainly not. Bullish A next stop, I say, we've hit. We've got. We've bounced off the two hundred. The next stop is the fifty day moving average. 25 00:07:52.310 --> 00:08:07.950 Guy Cohen: It's pretty close by, and the likelihood is we'll breach that, too. Did we breach it. We did so check in the box for that one third of September. I say, last week I said, not bullish today, I say increasing volatility. From Tuesday next week we had a holiday we can for the Labor Day, 26 00:08:07.980 --> 00:08:20.630 Guy Cohen: and then, I say, I could, I expect, continued activity at or below the fifty day moving average with increasing volatility. A factor took a few days. We had that ramp up, but then we did go below. So you know, not bad 27 00:08:20.700 --> 00:08:32.680 Guy Cohen: eleventh of September. We're in the middle of this little pull back here, so I say, Increasing volatility is highly likely of last few weeks that the previous week. And I say, stay the course. I believe It's the correct guidance. 28 00:08:33.130 --> 00:09:01.619 Guy Cohen: We typically get it right. That's because my method has no confirmation bias. Right that down. No confirmation bias. Okay, It's really important. Nearly every trader out there trades with a confirmation bias. They believe somebody you want to believe, and they kind of project that onto the markets markets. Aren't listening to you. I can promise so uh what I say. There, I said. Um, I can see. Look a bit of more, a bit more up with momentum. We got one day of that, but I can also see a bearish waterfall set up in play. That's 29 00:09:01.630 --> 00:09:13.369 Guy Cohen: it, does that. And that's exactly what it did. Just took a couple of days. Now we can't get things like day by day. But the general picture looking pretty good there. Eighteenth of September. Let's see what it said. Then 30 00:09:13.380 --> 00:09:39.509 Guy Cohen: I go. The big number for the spy is three hundred and seventy, four all there about. We slide through that, and the likelihood is hitting or even breaking down through the June lows. We're a critical juncture. I do expect at the very least to get near to that three hundred and seventy-four level. Did we get near to it? We did. Did we go through it? Yes, we did we break the June lows? Yes, we did. We got the bearish waterfall now. The main indices are well below that fifty days, so that all happened pretty cool 31 00:09:39.800 --> 00:09:56.479 Guy Cohen: twenty-four to September. I'm whizzing through because you want to know what's happening next I want to build the picture. I want to show you how I do things, and I I don't see. Leave a time for everyone else here as well. So I say twenty-four to September. I expect that to be a slow down in the fall, and even a pause or retracement. 32 00:09:56.490 --> 00:10:08.090 Guy Cohen: Look what happened? We got the pause, the retracement just a few days later. We're even more oversold that we were before, and the likely that the pause or tracing is high. Well, what did it do? It did it 33 00:10:08.460 --> 00:10:26.579 Guy Cohen: then? The following second of October. We're getting there guys, I think. Three fifty, I said. Next level support three, fifty-three forty-three twenty-three fifty is highly likely to be hit and we'll see how the behavior looks at that point afterwards. And I say again, this week we're even more oversold. Therefore the likely of another pause or trace into catch bread is high. What happened? 34 00:10:26.680 --> 00:10:38.110 Guy Cohen: We got that little retracement there. Eighth of October. Here we're going now. Uh we did retrace before three fifty with it was hit. Sorry um! 35 00:10:38.220 --> 00:10:56.990 Guy Cohen: And the likelihood of it being hit remains very strong. Look what happened next? We hit it um and I said, and while we remain oversolved, and this time new lows are more likely to occur before the next retracement. We did get new lows before the next retracement. Pretty cool now sixteenth of October, 36 00:10:57.000 --> 00:11:11.469 Guy Cohen: regardless what happens to earnings we're likely to break to new lows in due course, I say, in due course, it in said. But last week I mentioned that new lows are more likely to occur before um the next. 37 00:11:11.590 --> 00:11:21.580 Guy Cohen: No, but um before the next trade in In theory we are now in that retracement. Okay, So we now, in this retracement. This is the upward retracement. 38 00:11:21.850 --> 00:11:39.020 Guy Cohen: Twenty-th of October. Um, And I say, look in due course mean that new lows are highly unlikely to happen this week, as the upward retracement still has legs, and it still had legs. We're in and up with the tracing. So you kind of get the picture here uh twenty ninth of October still think it's got legs uh 39 00:11:39.030 --> 00:11:57.990 Guy Cohen: um. I think we're still in that with retracement. By the way, that's where I think we are still now. Sixth of November. I say that friction is what i'm looking for around this level. I think it's fair to say we got a bit of friction. Um medium term outlook continues to be volatility with a positive bias during this earning season. So I said last weekend 40 00:11:58.000 --> 00:12:11.829 Guy Cohen: for this to be the case. We'll need a positive follow through from Friday search. Last Friday we had a search. I wanted some positive policy. We got that, but a recovery is likely to be short term. So that's bring you up to right now. So i'm saying that this move here 41 00:12:12.270 --> 00:12:17.929 Guy Cohen: is likely to continue for a while, but likely to also be short-term. That's where it was this time last week. 42 00:12:18.230 --> 00:12:27.049 Guy Cohen: So hopefully right. Now you're thinking he might have an idea where he's talking about, or he might just be really lucky. But all right, we're not trying to be a soothe here. 43 00:12:27.060 --> 00:12:39.729 Guy Cohen: Here we are eleventh September. There is a picture of Celeste, right? This is what's less to me. Yesterday I said, What you want me to talk about is because I want you telling me the thoughts for the remainder of two thousand and twenty-three. 44 00:12:39.740 --> 00:13:09.009 Guy Cohen: Good! Okay, it's quite a ways away, you know. Uh, Then she says, I want to talk about the European economy and the Us. Economy for and our joint elections, and they're coming up economic news. I'm not really an easy kind of guy. So i'm going to have to politely decline that invitation that one that sorry, because there's only so much time you can. It's going to give me she Then you want to say particularly the Cpi, and what the markets love today. They love. The figures done all right. Um, for good one that one. And then she said, Can you also give me this weekend's lottery numbers as well? So um 45 00:13:09.320 --> 00:13:11.289 Guy Cohen: in the post for you right now. 46 00:13:11.570 --> 00:13:12.580 Guy Cohen: So 47 00:13:12.630 --> 00:13:18.899 Guy Cohen: so rather than really wanting me to do market timing. What she's actually wanted me to be is the new Nostradamus um! 48 00:13:18.910 --> 00:13:35.149 Guy Cohen: And let's just see how that looks. There you go. How about that? Looks pretty good, Don't you think it's great? I just need the bid, don't I? There you go right. Let's get into it. So I look at the this is i'm gonna go. I don't know what made me do that. I just I was like she's asking an awful lot. This lady Um, 49 00:13:35.200 --> 00:13:36.310 Guy Cohen: All right. 50 00:13:36.320 --> 00:13:57.620 Guy Cohen: Here we go. Um, I take um, so I I have a number of tools, and rather than taking you into the application. I just made up the slides today just to make it quick, so that you guys can kick me out uh quicker. So let me uh let me get this thing done. So sorry apologies to Buster and Tom here I I I don't want to be uh taking up your valuable time. Um, But 51 00:13:57.630 --> 00:14:05.570 Guy Cohen: here's Here's the way I go about. I think you can probably see them pretty good with market timing. I now want to show you how I do it. 52 00:14:05.960 --> 00:14:34.959 Guy Cohen: So let's have a little. Look what I've got here. I've got a picture of the S. And P. Here I've got my obi. This is the options volatility Indicator: looking at leverage money Uh, this is on the actual spy, and then I have this thing called my medium term timer, and let's have a look at what it's telling me. Um as we speak right now. So if I look at the chart of of the spy, I can just see, there's quite a lot of activity around just above the four thousand level. You see this area here. Uh from May. You've got this area here in July. You've got this here area 53 00:14:34.970 --> 00:14:53.709 Guy Cohen: here again. It's It's a rough area. We're not being precise here, but a rough zone of friction around this area. There was September, and then what we have is the two hundred day moving average drifting into that level as well. So you see we're right in that kind of zone of 54 00:14:53.720 --> 00:14:55.119 Guy Cohen: what I call friction. 55 00:14:56.050 --> 00:15:10.569 Guy Cohen: My obi. This is really interesting and very important. What I see across the board right now is There's a little little bit of lack of participation from key stocks in this recovery from the leveraged level, and and that 56 00:15:10.580 --> 00:15:39.290 Guy Cohen: just gets me wondering how long this has got to go in terms of the medium term timer. We are positive, but we are not overboard, so there's a little bit. As we closed yesterday. I see some more juice in the up move potentially as well. But short term. That's what that's telling me about. Now I have a longer term market time, as well called the Obi Sentiment Indicator. We use the rivers durations of this for our market timing in our automated funds. 57 00:15:39.300 --> 00:15:42.969 Guy Cohen: Now what this is saying right now is, it's gone from being red, 58 00:15:43.280 --> 00:16:12.660 Guy Cohen: which was perished to being amber. And this I i'm not going to go into this too long and take too long to go. But this is the indicator here, and it's made up of three other indicators. One is an adaptive kind of Ai model of all Ovi readings for the each of the five hundred stops in the Us. So in the in the S. And P. Five hundred we want to talk about, and that's just gone into positive territory. But the other two indicators that make up this indicator up here are still in the red. So 59 00:16:12.670 --> 00:16:27.389 Guy Cohen: the obi for the main indices still in the red and the adaptive moving average. Very simple thing, uh, which is also part of this model, is also still in red for the indices. So a mixed picture there am but in the long term, but it's better than being red. 60 00:16:28.390 --> 00:16:56.599 Guy Cohen: I also have a few what we call um. I have a dashboard, and in the dashboard I have a number of pies, and there are a couple of pies I find, very important to market timing. This is the aggregate of of moving averages for obi. My options, volatility, indicator, which are negative, have a negative five day average or a positive five day average negative in red, positive in green. And here's what I look for in this. It's a very crude thing, but it's remarkably effective. 61 00:16:56.610 --> 00:17:01.740 Guy Cohen: See the little arrow here when we get a big search of positive 62 00:17:01.940 --> 00:17:28.200 Guy Cohen: uh a longer term positive ovis, it tends to mean reverse. So if you look at the silver line here, that's the S. And P. And so we see a bit of potential overboard situation here in December last year, and we see it again in March this year, and you see it again, because look at the way that the market comes down when these things peaked. So you have very few red bars or very little red bars and very high 63 00:17:28.210 --> 00:17:36.560 Guy Cohen: green bars, showing you that there's more stocks or a a a significant number of more stocks peaking green than red, 64 00:17:37.180 --> 00:17:56.939 Guy Cohen: and so that you know that's a sort of overboard kind of um the indicator. You can also get it to be oversold as well. Look at all the Reds here, and very few brains. So again it's not a precise thing, but it's the this what i'm looking at here. So in Aug in July we peaked and it and 65 00:17:56.950 --> 00:18:07.820 Guy Cohen: looked interesting, but the market kept on going. So that's one false signal, but it didn't take long, by the way, just one more here, and it did. And then we had another trough uh in 66 00:18:07.830 --> 00:18:24.389 Guy Cohen: uh September. That did kind of turn out to be an oversult signal. Just took a few more days to do it, and then we had another one right here, just literally a few days ago, where it looked to be peaking, maybe suggesting overboard. It behaved as if it was over bought for a few days, 67 00:18:24.400 --> 00:18:32.449 Guy Cohen: and then it's recovered quite dramatically, since in the last few days so a potential false signal. But what i'm seeing from this is, 68 00:18:32.470 --> 00:18:34.710 Guy Cohen: I suspect, what will happen, 69 00:18:34.900 --> 00:18:42.880 Guy Cohen: just using my judgment and my experience here. Um! Is that the likelihood is, we'll have another one similar to that, 70 00:18:42.890 --> 00:19:10.529 Guy Cohen: and then we should come down. So that's just one thing from this. I'm building a picture here, by the way nothing, and absolutely it's just another one. I have another pie I have for stocks that have crossed and held that two hundred day moving average or key levels in the last thirty days. And again, what you can see is this: peaks and troughs things. So we again we're talking about reversion to the main, and we have some interesting ones here. So here we had a peak of Reds, very few so peak of greens, very few reds. 71 00:19:10.580 --> 00:19:22.110 Guy Cohen: Um! And the market went down, and they did it again in March, and it did it again in August as well. So where are we now? Well, it kind of peak the other way. Uh, is it going to do it again? 72 00:19:22.120 --> 00:19:30.779 Guy Cohen: Questions open there. Sorry I know. Uh, Gene, I apologize to you. I'm trying to get on with this very quickly. I know I'm going on too long. You'll have plenty of time with the other guys. 73 00:19:30.800 --> 00:19:44.919 Guy Cohen: Another one here. Another thing I like to look at is pre earnings uh enthusiasm. If you look at January Wasn't, very enthusiastic market, went down slightly more enthusiastic in April market, went down much more enthusiastic in July market went up 74 00:19:44.930 --> 00:20:02.559 Guy Cohen: here. Not that much enthusiasm. Mark is Bucks, that one. But the question is for how long? Okay? And then we get the actual chart, the technical piece. Well, let's have a look. You've got the friction and all that resistance uh in that sort of four hundred, four hundred and ten area there, 75 00:20:02.910 --> 00:20:31.930 Guy Cohen: and you also have just a straightforward line joining up from January to march to August. Um Sorry this is uh! They go building the pictures, building a picture here that getting some mixed reviews here. Okay, right market timing. So this is what I think is actually happening. I think, uh right now that we're still in the upward retracement. Uh, but I also think is a very good chance of the October. Those will be tested before We then start to have a proper bullish market. The two hundred day moving average 76 00:20:31.940 --> 00:20:39.780 Guy Cohen: there about is the office next resistant area for the Sp. And I think the dow is overboard. I think that the 77 00:20:39.790 --> 00:21:01.420 Guy Cohen: the Russell and the queues, or the Nasdaq are at major levels, and so that's obviously an alarm bell there, and the S. And P. Has resistance at an upcoming level, it could be at any time. So that's it there, so I think that there's a little bit of further upside. This was at the close yesterday. We had a little bit of further upside. How much more there is to go I don't know, but I think then there'll be a drop. 78 00:21:01.580 --> 00:21:23.130 Guy Cohen: Okay, very quickly. I've got that thing on the seventeenth of November next week. Then, uh, Jean, you don't have to go. I'll be going on way longer. There. You don't have to be there. No, no offense taken by the way. It's all right, and again It's all about market timing, stock, selection trade plan. Um, And i'm not going to do this because Jean wants me to go, and any case i'll do that next week. That's it. 79 00:21:23.140 --> 00:21:29.129 Guy Cohen: Maybe a little bit further up. Maybe we've already had that. And then I think we'll be coming back down. 80 00:21:29.140 --> 00:21:57.910 Celeste Lindman: Yeah. Oh, great Thanks, Guy, for sharing all that, because that's what we wanted to see. And and you're right. We did see some of that today, but you've laid out the levels for us, really well. And and I want to encourage everybody. Yeah, put that on your calendar. Go check that out, because what this guy does is fascinating. And uh, it really is a a a real quicker crystal, clear view of things going on we've got. We want to keep moving, because yeah, we've got some other crystal clear views that a couple of other guys have as well. And, 81 00:21:57.920 --> 00:22:08.879 Guy Cohen: Guy, I know that you have a very special event to go to happy birthday to your wife, by the way. Oh, I was last week. She she's like she's like the queen she has like a birth that it goes on for two weeks, you know. So it's like it was ages ago. 82 00:22:08.890 --> 00:22:38.479 Celeste Lindman: Yeah, that's great. And yeah, so we'll make sure you get that email to get signed up to for for Guys event as well, and but do have fun uh celebrating, even if it's a little bit late. So thanks, Guy for coming. And hey, we've got Guy. Uh we've got along with Guy. We have Fausto, and we have Tom here I mentioned as well, and so I want to get your guys take on some of these things that that guy has said as well and just real quick. Let me introduce. Fausto is with us, and he he's the guy that you really want to listen to. I mean twelve time champion 83 00:22:38.490 --> 00:23:02.810 Celeste Lindman: at the World Traders Challenge. Come on, I mean he knows what he's doing. He knows how to not only time the market, but make money in the market, and that is so. Key um! He has a great selling book how to be market makers at their own game. Do you see it kind of a common theme, understand? Standing where that big money footprint is a false, So focus is on level one, two, three, and four, and following that big money, 84 00:23:02.830 --> 00:23:18.429 Celeste Lindman: and he's really keen on teaching traders how not to lose money so just real quick uh Foster, what are your quick thoughts? And then I want to get to you, Tom, as well on. You know kind of these things the big picture down to the small picture that that that guy was talking about. 85 00:23:19.430 --> 00:23:47.060 Fausto Pugliese: Well, I I actually would, you know, looking at it, even talking about what happened with the market overall. Um, and how he looks at it, especially with the elections going on Um! It's to to me it's still gonna listen. There's always an opportunity every day to jump on any one of those stocks that are going to be moving. But you know. But by him doing that event. I've watched it before. Just go out there and watch it again, because you learn a little bit from everybody, especially after seeing what's happened over this week between the elections, between what happened yesterday with the Federate. 86 00:23:47.070 --> 00:23:52.149 Fausto Pugliese: And obviously you've seen the market down Today we're down about two hundred points, But I have about two hundred points. 87 00:23:52.610 --> 00:24:15.169 Celeste Lindman: Yeah. Well, and that's a a fascinating screen you have there um showing us as well, and can't like to hear more about all those levels. Hey, Tom? Uh, let me jump real quick over to you as well. And, by the way, Happy Veterans Day to Tom Um and all of the veterans here uh with us. We are glad that you here. So welcome, Tom Excited, Have you here as well didn't get a chance to say, Hey, 88 00:24:15.230 --> 00:24:24.859 Tom Busby: Yeah, I was uh I got caught up in one guy, I was saying. But anyway, uh, here's the way I I I think about the market right now. The market is uh, 89 00:24:25.180 --> 00:24:42.299 Tom Busby: obviously in three minutes. Yesterday we gain, and I say three minutes. We date. We gain five, and the Nasdaq, and that three minutes, and then all happen before the market opened in the morning. And so when you see that I've only seen it, I think maybe 90 00:24:42.520 --> 00:24:58.369 Tom Busby: three times in my career. One was one thousand nine hundred and eighty-seven. When the market was crashing. Uh the second time was when Greenspan came out and changed interest rates in the middle of the day, and that was the third time yesterday morning, and I thought it myself. 91 00:24:58.840 --> 00:25:13.819 Tom Busby: You know it makes you realize that your Tv set has a about a one and a one and a half minute lag, because the news item that was a trend changing moment was a Cpi, and I was watching the numbers go up, and I thought 92 00:25:14.260 --> 00:25:32.509 Tom Busby: we only got there. You know we didn't occur to be the lag the time lag. So uh, it was quite dramatic. It took a market. It was in the toilet, being down and lower. You get an idea. Of Tesla was at one seventy-four, and I just got through covering a little bit of it, 93 00:25:32.520 --> 00:25:35.309 Tom Busby: and I turn around. Is that one hundred and ninety-four 94 00:25:35.470 --> 00:25:43.969 Tom Busby: three minutes later. Okay, so that's just you know. What do you do, you know, just looking at? You gotta be kidding me. But I think 95 00:25:44.500 --> 00:25:55.009 Tom Busby: i'll try to simplify everything, and I don't know if it agrees or disagree with anything you've heard. But just what I think. Markets uh you know a little bullet right now, 96 00:25:55.020 --> 00:26:13.590 Tom Busby: and it softens if the S. And P. Goes below thirty, nine, twenty-eight, just right that number down, and that is simplified things. My target uh is about forty fifty to the upside forty, fifty, and that's what it frames it for me. Thirty, nine, twenty-eight to down downside 97 00:26:13.600 --> 00:26:32.799 Tom Busby: forty fifty to the upside. There's a stock I want to tell you about uh a couple of them. But the one I really want to tell you about is Tesla tesla's in a bearish trend. Uh, I think, Tesla it once this market, if it market rolls back over, which I think it will do, 98 00:26:32.810 --> 00:26:34.510 Tom Busby: and i'll say that 99 00:26:35.110 --> 00:26:48.270 Tom Busby: it might not be. This much might be next month, but it it has that feel to me like. Let's go on and and take it up and have a little fun as we bring people in buying stocks, using uh using sort of a 100 00:26:48.700 --> 00:27:06.479 Tom Busby: maybe stuff. It doesn't work. But anyway, that's neither here. But the whole point is is that I do believe that Tesla is gonna see a lot lower prices. I'm. Uh, i'm playing with a little bit when I say plan, I got a small position here and there with it 101 00:27:06.490 --> 00:27:25.979 Tom Busby: uh sort of trade it, and get the feel for it, because I do think it's a big money in Tesla. Um. This. The stock is bears for the month, even after this rally, and that's a that's a bad thing, and disney's another stock, a little side stock that's probably going lower. Those are two stocks that I think you're gonna see lower prices in 102 00:27:25.990 --> 00:27:27.900 Tom Busby: now. Uh 103 00:27:28.480 --> 00:27:46.410 Tom Busby: one. One of the things that I wanted to talk about since Fausto was here fast. I want thank you, and we got several people uh in my group that wants to thank you. But, uh, I don't know if this is the time to show you or what. But I've got a couple of slides that 104 00:27:46.420 --> 00:27:53.740 Tom Busby: uh sort of lead in what Faust is going to talk about. I think so. 105 00:27:54.070 --> 00:27:57.190 Tom Busby: How do you put the slide up there? Thank you, 106 00:27:57.640 --> 00:28:10.530 Tom Busby: and thanks everyone who's been answering those questions it's going to be very helpful. You're going to get a lot of good insights uh this summer. We did a little. We did a uh a face to face with Fausto here in, and 107 00:28:10.540 --> 00:28:27.610 Tom Busby: he pointed out that everybody this Doc called Tillry. I like low price stocks that have a future, and i'd ask spouse to about to Re. And I said, Fausto uh, I want you to look at it with your software and and tell me what you think you looked at and said, I think it's going higher. 108 00:28:27.710 --> 00:28:45.839 Tom Busby: And I said, I think it's gonna go from. We. We talk. We said maybe about five bucks. I said I might take a position. It typically I don't like stocks less than five. But I have a little history with Tory. I actually lost about the fifty dollars on this stock when it hit three hundred one day, 109 00:28:45.850 --> 00:29:05.350 Tom Busby: and so I've been waiting very patiently to get my money back, and uh, and so now i'm doing that. I bought the stock at three dollars and thirty cents. I didn't buy a lot of it. Then I had a one of my students that came into town, and uh, I don't know if Chris is here or not. Okay. 110 00:29:05.360 --> 00:29:13.770 Tom Busby: But Chris, uh Chris came in and and reserved a couple of days with me, and we started talking about 111 00:29:13.840 --> 00:29:14.910 Tom Busby: still. 112 00:29:15.130 --> 00:29:31.490 Tom Busby: Well, I'm sitting there with a thousand chairs on it, and I show with my position, I said. I said we played around with it, and I said, I got a thousand chairs. I almost sell the five dollar call it expires in March. Got about fifty, three, fifty, four cents of it, 113 00:29:31.500 --> 00:29:41.979 Tom Busby: but I like the math. If the stock goes to five dollars by Mark currently today about four, seventeen, it was at three thirty, and the stock is called away. My total 114 00:29:42.370 --> 00:29:46.429 Tom Busby: trade page twenty, five, fifty, minus the cost 115 00:29:46.490 --> 00:30:04.069 Tom Busby: of twenty, four, fifty, and less than half a year y'all do the map. This gets my interest even for stocks. They're three dollars, and uh and I will get Faust to some credit. I'm sure Chris is here listening. So I look at Chris, and Chris has got 116 00:30:04.710 --> 00:30:09.380 Tom Busby: a lot of shares. I will say more than a thousand shares, 117 00:30:09.450 --> 00:30:14.320 Tom Busby: and i'm sitting there thinking. Why, Don't, I have more share. 118 00:30:14.370 --> 00:30:19.489 Tom Busby: So I ended up stepping up to the bar, and now I got a bunch of shares of the stop, 119 00:30:19.800 --> 00:30:28.730 Tom Busby: and anybody would listen, You know, a few days later. So you're by the stock. Did this trade. I talked about it on several of my all services, meetings, and all that, 120 00:30:28.870 --> 00:30:32.570 Tom Busby: and So I actually owns Doc have a call. So 121 00:30:32.720 --> 00:30:38.150 Tom Busby: this is a stock that fast, though through a software identified at 122 00:30:38.970 --> 00:30:56.400 Tom Busby: at a low price. And I've done this with Pasta before over the years, and we got a lot of stocks over the years that when we get together I always ask about some low price stocks, because it really doesn't probably the best job in by I've ever met an industry in low price stocks. 123 00:30:56.410 --> 00:31:07.999 Tom Busby: But if you can tie into options, That's where I come in. Then you got a heck of a little little play here. So anyway, this is Tillry, and that's what it did do. I have another slide at them. 124 00:31:09.870 --> 00:31:15.950 Tom Busby: Maybe I don't, maybe. Oh, yeah. So when time and talk about to, or he said, let's use. Uh, 125 00:31:15.990 --> 00:31:22.999 Tom Busby: I said, let's use options, and we did that very close, exact setup we did. There's two things I will say, Okay, 126 00:31:23.230 --> 00:31:24.250 Tom Busby: uh 127 00:31:24.500 --> 00:31:35.939 Tom Busby: I. You felt that it was both. Oh, Chris, Yeah, I'm, I didn't sound like they said. But Chris said this: get to know me and watch foul stuff. And Chris, uh, 128 00:31:35.950 --> 00:32:03.920 Tom Busby: I think, would tell you that. Uh he's probably smiling on the way to the bank because he's got a bunch of shares. I will say he doesn't have more shares than I got. Now. Okay, I will say that. So uh, just to we'll we'll compare if we both have this dot come March. But if it's five bucks, Chris, I gotta tell you. If it is five dollars in December I might have to say goodbye. I'm just telling okay what to say that about Fausto. And Uh, thank you so much for for the uh 129 00:32:03.930 --> 00:32:06.789 Tom Busby: theillery, and we'll see what happens from here. 130 00:32:06.860 --> 00:32:20.820 Tom Busby: Sounds great. Sounds to me, Tom, like you. Oh, I still some money. Well, actually, he owes me money. Yeah, uh, because I've given you some pretty good stuff, too. 131 00:32:21.340 --> 00:32:30.429 Fausto Pugliese: Well, you know. Actually, I wanted to jump in there just show and talk about, you know, regarding about like what Tom was talking. And my expertise is that I was always taught that 132 00:32:30.470 --> 00:32:34.750 Fausto Pugliese: you don't have to go out. If people have this misconception, you think you have to spend a lot of money 133 00:32:34.760 --> 00:32:55.390 Fausto Pugliese: to buy expensive stocks, and then what happens? And they trade an option because they figure well, maybe I can't afford it. May I trade the option? I'm like Well, listen. You could still find some really good deals on cheap, expensive stocks, and, you know, like til ray like Tom was talking about it like you said he was fifty dollars like fifteen dollars. If I go back, and if I show you two. Ray went one day with the three hundred back in eighteen. 134 00:32:55.400 --> 00:33:02.079 Tom Busby: That's where I lost my fifty bucks in about a hour. 135 00:33:02.200 --> 00:33:19.460 Tom Busby: Well, well, let me tell you some. You're lucky you got out because you would have got a hammer in. I've been a long time. I knew when I look I went. I knew when I went to the bathroom, came back. It was time to leave. Okay, about five minutes late. I must have been expensive pissed. I've honestly that was very expensive. 136 00:33:19.470 --> 00:33:29.410 Fausto Pugliese: But anyway, getting back to certain stocks like that. Um, and i'm going to show you a couple of things, because that's that. There's a There's a bunch of them like that, like till right? And um it is like i'm gonna to show like 137 00:33:29.620 --> 00:33:43.110 Fausto Pugliese: Carvana. There is a couple of other rooms and that got hammered so like I try to find stocks that got really really destroyed, and I look for the big buyers, and that's what we're gonna talk about. Um like right here. I'm going to show you something really quick on on 138 00:33:43.120 --> 00:33:52.519 Fausto Pugliese: on something called Level four we're gonna talk about right now. I'm looking at a stock called, you know, Robin Hood, and you could see Robin Hood started this morning around eight dollars and seventy cents. 139 00:33:52.530 --> 00:34:04.350 Fausto Pugliese: Now, if you notice right here, it's kind of like stopped right around ten dollars. Now, if you do, the man that's a dollar fifty. Move on a thousand shares like a fifteen dollar move in a matter of an hour. But you'll notice that right here 140 00:34:04.360 --> 00:34:15.320 Fausto Pugliese: which i'm gonna show you some techniques and strategies. Do you notice that there was these sellers out there? And if you look at that number right there, close close closely, that's between between um 141 00:34:15.330 --> 00:34:45.319 Fausto Pugliese: that nine hundred and ninety Ish! That's a hundred thousand share seller. The guy got executed another one hundred thousand shares, so I got executed another one hundred thousand shares, so I got executed. So this is like start to turn into a short squeeze, which I want to talk a little about it. But the goal that i'm going to try to teach everyone here is basically how to follow the money. And there are a bunch of other stocks that move. Also. I'll bring up, and i'll show you to as we go along. But I did do a poll really quick, and I noticed a lot of you guys been trading for a while, which is great. Kathy and 142 00:34:45.330 --> 00:35:03.079 Fausto Pugliese: and Jerry one to three years and everybody else. Listen, Great traders never stop learning, and that's the big thing. Why, we here to ask the pros. Listen. We just sitting here, and I learned something new every day. You know you don't want to be the smartest person in the room. That's how you you know you want to. You want to hang out with smart people. I always tell everybody, But 143 00:35:03.090 --> 00:35:11.380 Fausto Pugliese: I have one more question to ask everyone here before I go into this detail of teaching you everyone. Um! Are you afraid to buy on a down market, 144 00:35:11.400 --> 00:35:14.509 Fausto Pugliese: you know. I mean, let's let's think about. Is anyone anyone here? Just 145 00:35:14.560 --> 00:35:28.630 Fausto Pugliese: the damn right show, You say No, everyone else just say the same exact thing, Danny. There's no reason to be scared. We're traders. Okay, we trade on liquidity. We trade on that. There's no volatility in the market. We're not going to make any money. So 146 00:35:28.640 --> 00:35:43.150 Fausto Pugliese: you know, when you see what happened here back in two thousand and twenty-two we had, like the the the Nazak, drop from sixteen thousand down to eleven. You' like. My God! Is it ever too late? Is ever to come back? I mean Tom just mentioned earlier. I mean, you saw what happened yesterday 147 00:35:43.160 --> 00:36:01.360 Fausto Pugliese: that came out of left field. No one knew that that we were gonna have an inflation drop down this uh in the sevens from where all the way up to nine. So what does that tell us? They like? Maybe they're not going to raise interest rates. You had a one thousand two hundred point move yesterday, and I listen. I have some screen trades. I'll talk about them, but I got lucky 148 00:36:01.390 --> 00:36:10.320 Fausto Pugliese: we got lucky we we didn't we? We? We prepare for that. That's luck. But in trading you don't want to be luck. Lucky you want it. You want to trade with skill, 149 00:36:10.330 --> 00:36:30.430 Fausto Pugliese: and that's you got to know how the games being played. So that's the most traders fear trading in a very bare mark. It's probably think of a a few opportunities to trade. All right. Um. Let's go see a stock that we trade the other day. Uh Gr. Wg: You probably never heard of this stock before uh in the past week. But look what happened to the stock, and hold on. Let me get my little 150 00:36:30.630 --> 00:36:41.270 Fausto Pugliese: point around here, so everyone could follow along. But if you look down here at the bottom, these are basically day one day, two day three, I mean, here's a very inexpensive stock that ran from three hundred and fifty 151 00:36:41.280 --> 00:36:58.629 Fausto Pugliese: shot up all the way up to about four hundred and fifty flat line. Then, when the market opened up, because we trade the first hour. The open boom goes from four, fifty to five, fifty, and now goes over to five hundred and eighty. Now let's talk about a stock that we traded um with. Uh with the with with the elections. 152 00:36:58.640 --> 00:37:07.789 Fausto Pugliese: Um! Everyone obviously is familiar with President Trump. He actually left Twitter, and he started his own company, and it was called Dwac. Now, 153 00:37:07.800 --> 00:37:25.460 Fausto Pugliese: you know, everyone was projecting that it was going to be a big red wave. It didn't really happen. And then, in all of a sudden, you heard that Trump was going to make this big announcement, which we all assume, what it is. Boom! That stock ran from twenty dollars. This is one day shot up to thirty. Okay, and then listen Back 154 00:37:25.470 --> 00:37:53.409 Fausto Pugliese: Back in the day when he first went public this thing ran from twenty to seventy in one day, and the second day shut up. Well, actually, this is wrong, Iraq. You went to one hundred and eighty in two days. Now, i'm not a genius. I don't have a crystal ball basically i'm going to show you how we find these stocks, because as a trader we just focus on momentum, and that's about it, and it's all about like just Tom just told you about till rate. He lost fifty points like, How do you lose fifty points of stocks at three dollars? That's just f four. 155 00:37:53.420 --> 00:38:13.539 Fausto Pugliese: Well, you got to know when to get in and get out of it, and some stocks are very volatile than others, and that's why some of you got to be very careful with stocks you trade, and what you qualify to do versus what you don't. So these just real. This is a couple of real stocks that we traded in our trading room, which, by the way, i'm going to invite everybody here to come and see these trades that we do. 156 00:38:13.550 --> 00:38:17.910 Fausto Pugliese: Now, how do we find them? Is basically right here? It's not a really crystal ball 157 00:38:18.170 --> 00:38:26.599 Fausto Pugliese: basically Um, I work off my big percentage gainers and losers, and you know, depending on what industry is moving. It's going to show up there 158 00:38:26.610 --> 00:38:39.049 Fausto Pugliese: um like you could see like a Here's a stock Sh Fc: It's up one hundred and ninety-two today. Fsdr up one hundred and thirty-five percent. Look at these stocks, these percentages. Look at the losers. You can also go short. 159 00:38:39.060 --> 00:38:56.869 Fausto Pugliese: So there are a lot of stocks out there that are moving. So when you find out. And you say, Well, how did you know that industry was moving? How did you know that a pot? So the industry was going to move? I go to Ev stocks. I know oils. If one shows up they all show up. Now the goal is is trying to risk the least amount of money with the high matter, reward meaning. 160 00:38:56.880 --> 00:39:03.719 Fausto Pugliese: We don't want to trade something that is very expensive. We want something with very good spreads, and not only that, but we want to see 161 00:39:03.730 --> 00:39:17.770 Fausto Pugliese: who's buying it. We want to know where the algorithms are. The high frequency trades, the dark pools, all that stuff which I'm going to teach you. Okay. So why did Gr. A. G. R. W. G. And W. You know, Dw. Ac. Move up 162 00:39:17.920 --> 00:39:27.460 Fausto Pugliese: basically supply and demand That's it. It's not that what he said or she said, or what happened? It's all about buyers and sellers. So 163 00:39:27.470 --> 00:39:42.490 Fausto Pugliese: the goal I want to try to teach you and explain to everybody is the way I was trained is that I live here in New York. This is the financial capital of the world. I was a market maker. I worked on the Nasdaq um, which, by the way, i'm done with this i'm actually going to be on Nasdaq today um 164 00:39:42.580 --> 00:40:01.540 Fausto Pugliese: doing an event for them, because i'm going to be teaching them level through their book viewer of you know, to their audience because they realize the exchanges, realize that you need to know how the market works, which is no different than you should know when you jump in a car. How's a car work got for this something happen. You should know what how to deal with it. 165 00:40:01.550 --> 00:40:20.360 Fausto Pugliese: Trading is very simple. You follow the big money, so we How do we find these big orders. How do we find out what I call iceberg orders? Well, Basically, the big orders we could find them by following the order flow. And that's really in the market. So there are four ways how you view orders. 166 00:40:20.370 --> 00:40:25.190 Fausto Pugliese: There is a level one, a level, two, a level, three and a level four now 167 00:40:25.350 --> 00:40:30.949 Fausto Pugliese: level one, a level two. Everyone has. Okay, It's basically for you, like you look at the 168 00:40:31.250 --> 00:40:47.989 Fausto Pugliese: the look on your Tv that will ticker on the bottom that's level. One. That's a quote of a stock that's trading Level Two is basically outdated, which I know. I don't know if anyone does anyone here have level two. By the way, just put in a chat, I don't wanna basically just go on it on a tangent. But anyway, here a level two just give me yes or no, 169 00:40:49.840 --> 00:40:56.480 Fausto Pugliese: and if you do just let you know what's outdated It's been outdated since the nineties. Okay. Every broker gives it to you, 170 00:40:56.490 --> 00:41:15.130 Fausto Pugliese: and you know what That's not really the way to look at it. You gotta look at something's called Level three, and then obviously level four. So the question to create support resistance levels in the market is basically buyers and sellers. Now, a lot of you here, look at the past and like, Okay, where support? Where's your resistance? Where's 171 00:41:15.540 --> 00:41:34.429 Fausto Pugliese: I don't do that? Okay, I look at Where's the buyer? And we have to sell in the future. And then what i'll do is what makes that support and resistance levels in the past. Those same buyers were in the past should be in the future. So when you go out there in your trade and you like, How does the stock break this support level? How did it go past this? 172 00:41:34.440 --> 00:41:40.110 Fausto Pugliese: These are things i'm gonna show you how it works. So let's go. Talk about level three really quick. Um 173 00:41:40.340 --> 00:41:52.040 Fausto Pugliese: buyers equal support. Just keep that in mind, you guys lot of people do it backwards. They look for support. Make buyers. That's not the way you look at it, and i'll show you what we got going on here. So right. Here you have the stock trading, 174 00:41:52.050 --> 00:42:02.800 Fausto Pugliese: and it's right here around Twenty-seven dollars, right? Stock goes down and you notice it stops right around here around ten o'clock in the morning, right around two thousand six hundred and fifty. Now Why, twenty-six. 175 00:42:03.060 --> 00:42:07.290 Fausto Pugliese: Why not twenty-five? Why not twenty-seven? 176 00:42:07.430 --> 00:42:25.840 Fausto Pugliese: Why did it pick that number? Well, when you look at and go on to the Exchange, which, by the way, you can get, you can actually buy this right through the you you could buy through your broker, or you go right to Nasdaq cost fifteen bucks. I don't even know why anybody would not even buy this. You kind of like it. It's like the cheapest thing you could buy to be a better trader. 177 00:42:25.850 --> 00:42:36.060 Fausto Pugliese: It's gonna This is the exchange you have a for, you see, like Tom would tell you and everyone else to tell you when I first started. If you want to buy a seat on a New York Stock Exchange, of course you seven million dollars 178 00:42:36.070 --> 00:42:47.939 Fausto Pugliese: Now, of course you're fifteen dollars, so why would you not want to buy your seat on the Exchange? You get to see all the orders. So right here you'll see there's a two hundred and forty-nine orders. Seventeen thousand shares look we bought at that price. 179 00:42:48.130 --> 00:42:57.729 Fausto Pugliese: I don't know about you, but that's a that's a lot of shares lot more than the guys that want to buy five shares three thousand. I mean. That's a pretty substantial amount, so 180 00:42:57.760 --> 00:43:07.540 Fausto Pugliese: like. I told you, buyers equals support, and that's what caused that stock to go up there. Now let's look at another example. Let's look at resistance levels. 181 00:43:07.640 --> 00:43:15.950 Fausto Pugliese: Um! Here's a big big resistance levels um right here on on on on gr 182 00:43:15.970 --> 00:43:20.349 Fausto Pugliese: forty thousand thirty-nine thousand right around six dollars a share. 183 00:43:20.560 --> 00:43:23.600 Fausto Pugliese: Not know about you. But you really think about this for a second. 184 00:43:23.900 --> 00:43:26.080 Fausto Pugliese: Did you really need 185 00:43:26.260 --> 00:43:28.009 Fausto Pugliese: a chart to tell you that, 186 00:43:28.190 --> 00:43:41.320 Fausto Pugliese: or you just said, Oh, he's just looking at right in the data. And we're like, Okay? Well, maybe I should look at my heat map. Maybe I should look at the news on the company. It doesn't matter what you think it matters where the street is at. So when I eliminate the chart, 187 00:43:41.330 --> 00:43:59.529 Fausto Pugliese: you kind of puts two and two together. So let's go over a couple of a couple of more examples. Okay, let's look at this stock, Mara: Okay, Obviously, we all know what's happened with Mara with with uh crypto is getting really hammered, you know we haven't talked about that so in a while. But everybody's like what? What's going on with with with crypto whatever. Well, there are socks that do trade 188 00:43:59.540 --> 00:44:06.169 Fausto Pugliese: um there that do trade with with with with crypto and some of them like Mar. These are blockchain. So 189 00:44:06.580 --> 00:44:13.509 Fausto Pugliese: let's just kind of forget about the market in general of that industry. Your concern is this: If you own this stock right here, 190 00:44:13.800 --> 00:44:29.630 Fausto Pugliese: do like, Okay? Well, it's going to zero. I mean, like, Listen. They eventually bounce right. They're gonna hit us the port level, and you're probably looking at them like there was big support levels at ten crat. Now it's at nine. Sixty. Do I get out now? Well, if you look right here, 191 00:44:30.050 --> 00:44:32.209 Fausto Pugliese: every stock is a little bit different. 192 00:44:32.390 --> 00:44:44.199 Fausto Pugliese: Some stocks have a lot of shares, some will have very little shares now, you might think and say fifteen thousand shares, not as many as you show before, where it was one hundred thousand. But look at all the orders out there. 193 00:44:44.220 --> 00:45:02.109 Fausto Pugliese: Six hundred, four hundred thousand, you know. I mean sixteen thousand, and there are fifty-three orders out there that make up that fifteen thousand, not the one person there, the five person there that's a very substantial amount. So every stock is different, which, by the way, 194 00:45:02.250 --> 00:45:14.060 Fausto Pugliese: one of the big things I teach and I teach all my traders is that you never make money until you sell it. Okay, you got you have um. We teach something. It's called the Three T's tradable 195 00:45:14.070 --> 00:45:23.979 Fausto Pugliese: trend and trap. So if the stock is not tradable meeting doesn't have a good spread, or whatever you can get yourself in trouble. So you got to be careful not to just jump into any stock. Now 196 00:45:24.710 --> 00:45:26.200 Fausto Pugliese: look what happened to Mara. 197 00:45:26.300 --> 00:45:36.590 Fausto Pugliese: It's going down, down, down each one of these candlesticks a one minute, one, two, three, four, five. It kept hitting it, hitting it, hitting it, hitting it eventually. You want to go past nine hundred and fifty. 198 00:45:37.250 --> 00:45:38.559 Fausto Pugliese: I wonder why? 199 00:45:38.570 --> 00:45:59.509 Fausto Pugliese: Okay, maybe has something to do with that big buyer out there at nine, fifty to fifteen thousand, because he was going to execute it. And guess what people ain't. Stupid traders are not dumb. They follow the money. Okay, because somebody obviously is trading more shares in him. And if anyone has ever been to an auction or every I mean, somebody gave me a great example. Um, 200 00:45:59.520 --> 00:46:12.259 Fausto Pugliese: you know, if you ever go to a car auction I went to once, and everybody's like. Listen. That guy comes over here. Watch out because he's got a lot of money, and if he wants that car he obviously knows something's going on. Okay, 201 00:46:12.270 --> 00:46:33.029 Fausto Pugliese: So what do you think everybody else is doing to do it, or all thing. They don't look what he does we think we do here on Wall Street. Do you ever heard of Goldman Sachs, the Godfather Wall Street be called. You might not like them, but that company does seventy percent of volume Wall Street. Okay, I could tell you some crazy stories. What they've done, you know. And you'd be like, Why would they do that? They're like, Yeah, Listen. They're not dumb. And you know what? If you see him hitting the bid 202 00:46:33.040 --> 00:46:41.750 Fausto Pugliese: You better listen. You better listen, because he obviously knows where the stock is going, and like Mara, if you knew that buyer was there. Look what happened in a matter of 203 00:46:42.100 --> 00:46:48.450 Fausto Pugliese: fifteen minutes. That goes from nine, fifty to over ten dollars a share. That's a fifty cent. Move 204 00:46:48.890 --> 00:46:55.790 Fausto Pugliese: fifty cents on a thousand shares of a five hundred dollars. Do that every day. It's about a hundred thousand dollars salary. Who doesn't want that job? 205 00:46:56.040 --> 00:46:58.929 Fausto Pugliese: Who was with that job. Let's go Check out, Carbono. 206 00:46:59.380 --> 00:47:00.999 Fausto Pugliese: You look in the shard right? 207 00:47:01.150 --> 00:47:02.669 Fausto Pugliese: Harmon is going up 208 00:47:02.900 --> 00:47:10.069 Fausto Pugliese: now. I'm going to do a quick test, for everyone. Let's have a little fun. Let's see how good listeners we had out of the hundreds of people that are in here. 209 00:47:10.360 --> 00:47:14.680 Fausto Pugliese: What do we? What would you do? What's, What's your game plan in Carvana Stocks going up? 210 00:47:15.090 --> 00:47:16.120 Fausto Pugliese: What do you do? 211 00:47:16.770 --> 00:47:17.979 Fausto Pugliese: What's your game plan? 212 00:47:20.600 --> 00:47:29.430 Fausto Pugliese: There's only one. If you listen carefully. What I said, there's really only one thing you got to look for. Okay, where are there you go? 213 00:47:29.920 --> 00:47:49.470 Fausto Pugliese: Look for the sellers right now. Does it chart? Show you where the sellers are. I don't see crap there. I don't know i'll see anything, so let's go, hop on, and look at. And as that book viewer. Now, if you notice right around ten dollars, there's a fifty thousand share seller out there. Six orders out there now, without even thinking of anything else 214 00:47:49.480 --> 00:48:05.550 Fausto Pugliese: in theory, I would say, ten dollars is resistance house, though well guess what congratulations You're right, because if you didn't, if you didn't get out owning it when the market opened up at eight hundred and forty, and you didn't sell it at ten, and you wouldn't stuck and got greedy, because 215 00:48:05.560 --> 00:48:12.009 Fausto Pugliese: Carvana and also even show you like. Oh, yeah, I know Carvana. Um wasn't that stock, 216 00:48:12.330 --> 00:48:18.670 Fausto Pugliese: you know. Was it carbon a three hundred dollar stock wasn't it like Maybe this is the bottom. Oh, yeah, Great, No problem. 217 00:48:18.690 --> 00:48:23.569 Fausto Pugliese: Let them get. Let's get through that fifty thousand share seller first, and we'll worry about that later. Okay, 218 00:48:23.840 --> 00:48:38.219 Fausto Pugliese: By the way i'm uh something just came up and sell us on to bring this up. Remember that stock stock I showed you about the short squeeze. This is. Uh, uh, Robin Hood. I told you it was one hundred thousand shares, one hundred, one hundred, one hundred. What happened to the price of the stock? 219 00:48:38.720 --> 00:48:41.220 Fausto Pugliese: It went from ten dollars, so he at ten thirty, 220 00:48:41.570 --> 00:48:45.070 Fausto Pugliese: and you're probably wondering how this. Why is this not going up? 221 00:48:45.100 --> 00:48:55.219 Fausto Pugliese: You know. You just said it was a short squeeze. Yeah, maybe somebody is getting squeezed. Lot of shares got executed. That is a very big resistance level, and guess what somebody bought it 222 00:48:55.250 --> 00:49:14.139 Fausto Pugliese: and somebody screwed right now, not even for one hundred, not two hundred, four hundred thousand. And look at this stock. It ran from nine hundred and ninety. It's already at ten thirty, and we'll go. We'll come back to it, and we'll see how it actually pans out. But the thing is this: It's all about following the buyers and sellers. All right. It's all about support resistance. Now, 223 00:49:14.150 --> 00:49:30.729 Fausto Pugliese: what I just showed you. We're gonna talk about this next. It's called Level four. Okay, now, um. Back in the day I used to trade on Level four and used to be called the Internet. Machine. We had to pay about a thousand dollars a month just to have this system like I said today. Of course you're fifteen bucks, I mean, like 224 00:49:30.760 --> 00:49:38.920 Fausto Pugliese: we, we W. We W. What's What's the discrepancy there? All right. So let's see the history how the order book works. 225 00:49:39.350 --> 00:49:49.840 Fausto Pugliese: You see the stock right here. These little red lines. These are very big big orders. Okay. And you'll notice that what these big orders make are big. Our big buyers 226 00:49:50.140 --> 00:50:05.209 Fausto Pugliese: buyers are on the bid sellers are on the ask, and you'll notice that the buyer got executed, and then it, and what's that executed? It went lower by grade, executed. It went lower. Okay, Now my question to all of you is this: 227 00:50:05.490 --> 00:50:09.330 Fausto Pugliese: Do you see those same buyers there on the chart? 228 00:50:09.840 --> 00:50:12.820 Fausto Pugliese: How would you have known those buyers getting executed? 229 00:50:13.380 --> 00:50:20.350 Fausto Pugliese: You can't, without having the right tools. Okay, without following the orders like this example. Right here, 230 00:50:20.810 --> 00:50:35.840 Fausto Pugliese: here's a stock that's trending down all right, Started around one thousand four hundred and fifty at nine thirty in the morning, so that big red dot that red dot means that there it was. A big, big, big order got filled. Somebody went out there and executed the bid, and you would see that in time and sales. 231 00:50:35.850 --> 00:50:42.180 Fausto Pugliese: Look at this bit. Look at this line right here by got executed by got to execute by all of a sudden look at this big red line 232 00:50:42.770 --> 00:50:46.979 Fausto Pugliese: that is, a nine hundred and seventy thousand share seller at thirteen. 233 00:50:47.150 --> 00:50:51.049 Fausto Pugliese: Now let's think about this for a second. What do you think is going to happen at thirteen? 234 00:50:51.420 --> 00:50:56.599 Fausto Pugliese: Okay. Why would anybody even go out there and advertise that. Okay, 235 00:50:57.030 --> 00:50:59.569 Fausto Pugliese: it's only one clear answer. The guy wants out. 236 00:50:59.590 --> 00:51:20.739 Fausto Pugliese: You see, when you want to sell something, you can't be like, Oh, is that a real tree wherever listen, You don't think it's real. When you come in my trading room i'll find a nine hundred thousand share seller, or use your account, and we'll see if you get executed, and see how you like it, and i'll have the fun joking about it, and see how you get out of it. But no, that's a real big seller, and you know what. Look what end up happening. 237 00:51:20.750 --> 00:51:37.439 Fausto Pugliese: Went from thirteen stock didn't want to go up. Now, drop down. He dropped his bid down to twelve. He still got nine hundred thousand. No one wanted to sell it to him and look what end up happening. It dropped all the way to one thousand and sixty, all right, and his seller is still out there for us. It looks like he sold out two hundred thousand of it. But 238 00:51:37.450 --> 00:51:48.720 Fausto Pugliese: boom! It went away down to ten, sixty, so from fourteen down to ten, sixty. If you did not have a game plan, and knew that seller was out there you would have got crushed. Now let's go check out uh bed, bath and beyond. 239 00:51:49.020 --> 00:52:04.129 Fausto Pugliese: Now I don't know if anyone is, if don't know, please. I get Somebody told me all the day all they going out of business. I heard about this. Listen, I. We could have this conversation and talk about this. You know about the company. I don't care what they're doing. Okay. All I care about what happened over the course of the day, 240 00:52:04.140 --> 00:52:22.179 Fausto Pugliese: and you could see right here that there were big big sellers on the stock, and you could see that in these red lines the cellar got executed, went higher. So it got higher, got executed, executed, got higher, and you see these little lines on the bottom. Those are those are volume bars be like, hey? Someone actually bought it just like I showed you 241 00:52:22.190 --> 00:52:34.369 Fausto Pugliese: what's happening right now with Robin Hood. See, these big green bars Look! So they got executed when higher. So they got executed when higher, so that execute went higher. Boom! So we have actually get it higher. Now, how much higher is it going to go? 242 00:52:34.590 --> 00:52:35.580 Fausto Pugliese: Well, 243 00:52:36.200 --> 00:52:37.580 Fausto Pugliese: you got about 244 00:52:37.670 --> 00:52:41.180 Fausto Pugliese: fifty thousand shares that can be sold around one thousand and fifty. 245 00:52:41.450 --> 00:52:45.760 Fausto Pugliese: So where is it now? It's almost at ten, fifty. Okay, 246 00:52:45.830 --> 00:53:05.069 Fausto Pugliese: Now, it's all about having a game plan. That's what trading is all about, just like right here. Look what happened with with um that bad, and beyond seller gets done just like what I just showed you. What's going on right now, or Robin Hood and look where it's going next. Biggest sellers at sixteen, so like it or not. If you're short, you're screwed. 247 00:53:05.080 --> 00:53:20.900 Fausto Pugliese: Okay, if you're long, you you, you you pop in bottles of champagne because you're going from fifteen up to sixteen. Why? Because you see those orders getting done, and there's nothing in between to prevent it from going higher, you know, like one of the big things I was taught. Let me just use layman terms. 248 00:53:21.310 --> 00:53:24.360 Fausto Pugliese: We're like in a building right? We're in a floor and ceiling right. 249 00:53:24.400 --> 00:53:27.849 Fausto Pugliese: If you look down, you see the floor. When you look up you see the ceiling, 250 00:53:27.890 --> 00:53:30.169 Fausto Pugliese: so in between there's nothing there 251 00:53:30.200 --> 00:53:40.929 Fausto Pugliese: so like it or not, you break through that that ceiling. Guess what you go into the next ceiling, and that's what ends up happening with stocks like this. Now, my question to you is, 252 00:53:41.130 --> 00:53:49.439 Fausto Pugliese: could you have took that that that strategy, and apply it to what we're looking at a chart right now? I'm not the a Bulger band, the Shankin 253 00:53:49.650 --> 00:53:51.020 Fausto Pugliese: an rsi 254 00:53:51.070 --> 00:54:03.890 Fausto Pugliese: stochastic I mean, people love this crap, but at the but as a trader we don't use it. It's too confusing, and you know what there how many, how many indicators are out there. There's like thousands of them, and everyone's got their own style. 255 00:54:03.900 --> 00:54:20.919 Fausto Pugliese: But you know what I will always go back, and you keep just going here. I'm like, okay. I just care where the future is. Not what happened in the past, because a lot of indicators were invented by mathematicians. Now they're good for swing, trading, and long term trading, but as a day trader getting in and out does not work at all. 256 00:54:20.930 --> 00:54:39.689 Fausto Pugliese: So What do we do? We just follow orders. That's all we're doing, and when you keep things simple and you look at the right one versus the left one. You could see that you could see support to fifteen, but it's very difficult to see what all those indicators on the right, and believe there's some some of you getting so damn overwhelmed with these things that you'll never do a trade 257 00:54:39.700 --> 00:54:57.120 Fausto Pugliese: you end up. You end up being, you know, you like a technical analysis, paralysis, what we call it. You know we here in trading, so traders use indicators because charts only tell a fraction of that story, and when you do something what we talk about which is called the kiss method. Keep it super simple. 258 00:54:57.420 --> 00:55:05.149 Fausto Pugliese: When you look at this, you're probably saying, Oh, no, This is confusing, you know, and you reason why you think it's confusing, because you see a bunch of numbers, 259 00:55:05.340 --> 00:55:10.510 Fausto Pugliese: but it's not as confusing as you think. If someone explains it to you in layman terms. 260 00:55:10.790 --> 00:55:25.580 Fausto Pugliese: It's all you know on the right, I mean, we're looking at Trade station. Me and Tom have done so many events with trade station, but like on the right to call the matrix, it's cool. It could be your Nasdaq book View where it tells you where the orders. Are you got a time and sales? You see where the transactions are taking place. 261 00:55:25.590 --> 00:55:31.859 Fausto Pugliese: You got your watch list on the left, I mean. You got a simple chart a one day, and a and a daily. 262 00:55:32.100 --> 00:55:40.629 Fausto Pugliese: Does that seem complicated? I don't know. I think I think this is more complicated. Anything is the one that this one on the left that anything. Um. 263 00:55:40.650 --> 00:55:46.219 Fausto Pugliese: So listen. If you want to build your career and find these orders, you know 264 00:55:46.390 --> 00:55:54.410 Fausto Pugliese: I I want to teach you guys how to do it. All right. Um! There are a couple of the stocks out there that we're moving. Let me just show you how much time we got. 265 00:55:54.610 --> 00:56:07.099 Fausto Pugliese: I've got some time here, all right. Let me just show you some stocks that we traded today. All right. Just bring this up to here, so um here is Comp. All right. So C Omp: you could see this stock right here, 266 00:56:07.770 --> 00:56:09.219 Fausto Pugliese: so a very big hit, 267 00:56:09.350 --> 00:56:17.520 Fausto Pugliese: and right at the gate. Around nine thirty is stock ramp from two dollars and twenty cents, and by ten, forty. The thing already ran to four dollars, 268 00:56:18.230 --> 00:56:24.210 Fausto Pugliese: two dollars to four dollars that I don't know what the hell this company does. I really don't care. Okay. But 269 00:56:24.320 --> 00:56:26.070 Fausto Pugliese: when you go to 270 00:56:26.350 --> 00:56:27.689 Fausto Pugliese: right here 271 00:56:29.990 --> 00:56:31.519 Fausto Pugliese: on level four. 272 00:56:32.130 --> 00:56:47.239 Fausto Pugliese: Look at the big buyers sitting here around two hundred and sixty, and look at the sellers that started showing up right around four to four dollars, and you're still out there. So when you're trying to figure out, why is it not going any higher? Why did it back? Go from four? Well, maybe if you notice there was a seventy-one thousand share seller out there, 273 00:56:47.410 --> 00:57:06.610 Fausto Pugliese: Carvana. Same thing. Let's look at this one. Hervana had a really good run up. Look at. Look at these red lines. You don't see him on the left. You see him on the right. That means he's a buyers buyer kept bidding it, bidding it, bidding it. But now, when you're getting around here around the one thousand two hundred and thirty, the one thousand one hundred and thirty, one thousand one hundred and fifty. Look! The seller started showing up to those little red lines. 274 00:57:06.790 --> 00:57:18.470 Fausto Pugliese: Plug. Everyone's familiar about that when Tom and I were talking about that every time we were we were down in Florida, plug up Plug also had a big run up. I got to go back and go change this back, make it, you know. See, the morning 275 00:57:18.870 --> 00:57:21.030 Fausto Pugliese: plug was another one. Um 276 00:57:21.450 --> 00:57:40.789 Fausto Pugliese: lot of big buyers showed up on this stock a little bit faster moving stock as a day, trader, though, so, but you could see right here in nine hundred and thirty huge seller right now at resistance, right around, you know, right around eighteen dollars, you know, and you could see It's not really going to too far. A good one was draft king. 277 00:57:41.020 --> 00:57:56.189 Fausto Pugliese: So draft King Um. This is another one like like more of like Tom you were talking about like you like the you know. I was talking about the Tillray draft king. I did more of a swing trade on it. I've been holding for for about two, three days. Look right here. Do you ever see this right here this big red line. 278 00:57:56.290 --> 00:58:02.599 Fausto Pugliese: See that right there right there, If you add that up that was close to about two to three hundred thousand chairs. Look um 279 00:58:02.630 --> 00:58:05.300 Fausto Pugliese: out there looking to be sold. Guess what 280 00:58:05.650 --> 00:58:07.430 Fausto Pugliese: the seller got executed, 281 00:58:07.470 --> 00:58:16.310 Fausto Pugliese: Somebody said, Oh, you want to sell it so i'll buy it. Look what it end up. Happening it ran from to 282 00:58:16.390 --> 00:58:33.750 Fausto Pugliese: And look right here now. You got night now by having a game plan. You could see their sellers have four hundred and sixty, and the next one's at fifteen. Let me see as any other big sellers out there. But this one's the best one of them all. Look what happened here at. There's a one hundred and thirteen thousand shares seller. So to point something out to you quickly. 283 00:58:33.760 --> 00:58:49.510 Fausto Pugliese: This doesn't just apply towards day trading. It does so. It also applies to a swing trading, because people have their orders set up in the future, because, as I go out, you could see where these big lines are. So now you could say, okay, maybe i'm a swing trader, and maybe I I don't want to sell it at 284 00:58:49.520 --> 00:58:57.589 Fausto Pugliese: fourteen and sell that fifteen. Maybe I want to sell a little bit higher because I want to hold for a couple of days. I was a fan of draft king because draft King. 285 00:58:58.020 --> 00:58:59.740 Fausto Pugliese: If I bring it up here 286 00:59:00.190 --> 00:59:17.350 Fausto Pugliese: you could say I remember trading drafting at seventy dollars. You know It's It's football season. Maybe it's coming back. Draft King took a huge hit. When you look over here in the past month. Huge support levels at eleven dollars, you know. So you got to have a game plan, so you could apply it towards the long term chart. Now, 287 00:59:17.360 --> 00:59:36.589 Fausto Pugliese: basically, what I'm looking to do is I want to teach all of you how to use this data, you know, and also seeing it during the daytime. So what I like you to do is join my trading room, you know not it full time or part time. Okay, this is not a full time job, but if you want to do it you could do it. But you know, let's just see what we're doing 288 00:59:36.770 --> 00:59:55.900 Fausto Pugliese: and apply it because you could apply this towards your option trades. That's why Tom always has me down there. You could apply it towards your um. You could do this for a fourx. You could do this for crypto. You do for all that stuff. So what i'm asking. Everyone is so. Um! For the first time ever on. Ask the pros. I want to invite all of you to get 289 00:59:55.910 --> 01:00:06.810 Fausto Pugliese: all this data and all this education, so I could teach you how to follow the big block orders. Now I came up with a program. It's called the Cyber Group Plus. This program is designed for traders, 290 01:00:06.820 --> 01:00:20.129 Fausto Pugliese: And also you're going to get Mentors shipping, and you're going to get live classes that it can teach you where you're going to work with it. And basically these are what you're going to get. You're going to get one year access one year, not this one hour that we're doing, 291 01:00:20.330 --> 01:00:27.690 Fausto Pugliese: and the funny part is, imagine how much you've learned here, being in thirty minutes what I covered. Imagine what you learn, you know in a year 292 01:00:27.700 --> 01:00:46.610 Fausto Pugliese: it's not gonna take you a year. Probably take you about a couple of weeks, maybe some bad habits to break. But we're gonna do traders talk. We got live trading room. We got workshops all these present out one hundred hours of recordings. You're gonna get um thirty Premier workshops of of Cyber Group. You're going to get my pro class of the phase one 293 01:00:46.620 --> 01:00:49.190 Fausto Pugliese: where you're going to get a coaching call. 294 01:00:49.230 --> 01:00:56.959 Fausto Pugliese: You're going to be able to talk to me on the phone. Okay, i'm going to throw this all in with the cyber group. And in other words, you're basically going to get 295 01:00:57.010 --> 01:01:12.339 Fausto Pugliese: everything is going to be live. It's not going to be, you know, bombard you with all these videos. Everything i'm just show you with the live void icebergers and everything else. Now in the past. I used to charge like two thousand five hundred. It's a lot of work to teach somebody it really is. But I found that you know what 296 01:01:12.510 --> 01:01:27.350 Fausto Pugliese: I want to bring down the price a lot, because I figure I could. If I really have serious traders out there, we actually will make money together, trading together like Chom Tom, just to you know, like when he does this with with his traders. Eventually, you know, when you can mentor people, 297 01:01:27.710 --> 01:01:29.940 Fausto Pugliese: you Redo better trading with each other. 298 01:01:29.980 --> 01:01:39.059 Fausto Pugliese: So I said, you know what? Let me. I'm not. I don't care about the money as much. Let me bring down the price. So today I made a big change. Um! And what I want to charge everyone so, 299 01:01:39.070 --> 01:01:53.629 Fausto Pugliese: but i'm not done yet. I guess we got a lot more. Um, we're gonna clue to coaching a one on one coaching. You gonna get It's about a four hundred dollar value. So I told you i'm gonna throw that in there. Uh, you're gonna get access to education, you know. Uh coaching. This all costs. 300 01:01:53.800 --> 01:02:06.860 Fausto Pugliese: It's a lot of work to do that. So i'm going to not even cut it in half. It's not going to be three thousand. I'm going to be one thousand two hundred um! But I I got some more. By God, I was to be given away. I didn't think it was given this much all right, whatever. 301 01:02:06.890 --> 01:02:17.160 Fausto Pugliese: Special bonus we're going to give away. Oh, it's going to be our Black Friday access early. Okay. So we're going to do that. So we're going to give it for one hundred people, and we're going to cut another fifty on top of that. All right. 302 01:02:17.170 --> 01:02:36.890 Fausto Pugliese: Okay, There we go. It's gonna be five hundred and ninety-seven. There we go. So this is what you're gonna get. You're gonna get coaching. You're gonna get the classes. I'm gonna teach you how to find these stocks. You get the watch list. You're gonna get our alert service. Um, It's going to be one big year. Okay, all for five hundred and ninety-seven Now, like I told you the goal is 303 01:02:37.320 --> 01:02:57.030 Fausto Pugliese: if you really listen. I know a lot of us tried different classes from different people. You should try little bit of everyone, but I think Now, when you see how much you we talked about right now regarding about, you know. Listen. If you just traded that stock hood since we started, you would have paid for the class for the year ready. Okay, let's put it that way. That would have paid it for itself. 304 01:02:57.090 --> 01:03:10.990 Fausto Pugliese: But there's so many of them out there, and it's not just Hood. There's you know. There's Carvana there till right There's You know what we're creating right now. Oh, that that they're trading in the trading room right now. Uh, they're looking at Snap! Tap! You could see it. Let me bring it up here. You can see all the traders in it. 305 01:03:11.070 --> 01:03:24.519 Fausto Pugliese: You're gonna get access to this room right here. Look, everyone's in there. Look at all my instructors in there. They're trading, you know. Shopify. You're gonna see the trading room. You can see the chat. You're gonna get the alerts. You're going to meet all the traders in the room. You're gonna get all this good stuff 306 01:03:24.720 --> 01:03:27.399 Fausto Pugliese: once again, all for five hundred and ninety-seven. 307 01:03:27.710 --> 01:03:39.470 Fausto Pugliese: Now, what I want to do really quick, is, I I I did get a couple of questions that people were asking me before they signed up, and I want to kind of bring it uh bring up these questions less, and then i'll be able to take some questions. Um. 308 01:03:39.590 --> 01:03:46.490 Fausto Pugliese: So so basically just a couple of questions I want to answer. So people always ask me. I never heard of level four before. 309 01:03:46.690 --> 01:03:51.359 Fausto Pugliese: Well, well, the the bottom line is like Who? Who the 310 01:03:51.500 --> 01:04:10.300 Fausto Pugliese: a lot, unless you are a market maker like I was. Um, you know what they some people called something different, like we used to call it, we used to call Internet um. I like just quote level four. You know, Some people like to call like different programs out there, but you know we all very familiar with level. One quotes Level two quotes. 311 01:04:10.310 --> 01:04:27.399 Fausto Pugliese: Now we got level three level four, and then also you got to remember who really trained you. You know I know Tom uses level four. He put it right on to his onto on to you could actually sync it right into your thinker. Swim account, you know, like, Why would you not want that? You know what I mean. But before you do it 312 01:04:27.440 --> 01:04:39.379 Fausto Pugliese: you gotta have someone to teach you and make sure it's set up the right way. Now, another question people ask is How big of an account do I need uh to place these type of trades simple five hundred and ninety-seven 313 01:04:39.440 --> 01:04:40.479 Fausto Pugliese: that's it 314 01:04:40.500 --> 01:04:58.009 Fausto Pugliese: don't worry about how much money it is certain stocks, whatever is. Just worry about this first, and then you can worry about the All this stuff labor, because that's how people get themselves in trouble. They think they don't have enough money and account. They have too much money, whatever it is. That's the least of your problems. Okay, you don't want. Never put it a kid in a car 315 01:04:58.020 --> 01:05:12.249 Fausto Pugliese: to drive without taking spend the money and getting to drivers at first, and that's the way I kind of. Look at it. You gotta learn how to play the game first. Don't worry about buying the car. Let's learn to learn how to drive it first. Can I trade these stocks with a regular brokerage account? 316 01:05:12.310 --> 01:05:18.330 Fausto Pugliese: It depends where you brokerage account is some brokerage firms give you direct access. Some of them don't 317 01:05:18.830 --> 01:05:31.889 Fausto Pugliese: today what i'm done here. I'm going to be on Nasdaq. I'm going to show people on direct access and um how it looks, how you orders. Get out there, so I wouldn't worry about that right now. That's at least your problems. You might have the right brokerage account, but everyone's 318 01:05:31.900 --> 01:05:44.119 Fausto Pugliese: there's people all over the world. So it's a case by case basis. Um, how do? How does the live fiber group trade trading trade experience work? It's all hands on. It's all interactive. I'm just going to tell you this. 319 01:05:44.130 --> 01:05:52.669 Fausto Pugliese: We don't tell anybody what to buy and sell. We're going to teach you how to think for yourself. I actually spend more time teaching and talking about the losers than the winners. 320 01:05:52.700 --> 01:05:56.299 Fausto Pugliese: The winners take care of themselves. I like to talk about losers because 321 01:05:56.420 --> 01:06:15.319 Fausto Pugliese: people have a problem with psychology. People have a problem with deer and the headlines. People get a little nervous getting it, you know um over. Analyze certain things. I know a lot of you could probably agree to that, but the experience is going to be hands on very big when it comes to custom service, and my staff is also. And you're going to see that 322 01:06:15.330 --> 01:06:33.339 Fausto Pugliese: with that expense uh, do I need to buy any special tools software. To make advantages of this investment. Uh no, you don't don't. You're gonna take care of that, all of you. You're going to get that all part of the program here at C to you when you're in the trading room. Uh: Okay. So let's jump into the chat. Now, do we have any questions out there? Really? Quick? 323 01:06:33.350 --> 01:07:02.810 Celeste Lindman: Yeah. Yeah, a lot of lot of great questions. Um, they're wanting to know how well you're answering a lot of, because they want to know how they get involved. They have questions, specific questions about some of the setups they are on, like Robin Hood, Like how many shares were we? Exactly where they were? Um, But really just how you can get set up and get started with you. Does this like Is this something that starts like? If they, when they sign up today? Do they go to the room today? Do they go to the room on Monday? What? How is that gonna work? Okay, that's a great question. So when you sign up we're gonna do a little. 324 01:07:02.820 --> 01:07:27.720 Fausto Pugliese: Listen. We have to qualify you. So there's gonna be a couple of questions we want. What kind of brokerage account you have who trained you all that and see if you have these tools. So please answering the best of your best as you can. You're gonna get an appointment with one of our education advisors. They're going to do a walkthrough. Um in a portal page. They're going to show you the video is, they're going to book your appointment um with the instructor, or like I said with me, if you register 325 01:07:28.080 --> 01:07:48.380 Fausto Pugliese: and we'll have that conversation, we'll talk about it, so I get to know a little bit about you. I always feel when you do things personally. You talk to somebody you open up, and you feel a little more comfortable than being in a chat room. So you're going to get, you know. So that's how all those things are going to get but what we're not going to. We stay time. You're going to get right into the room. Okay, we're going to put your feet in there, But we're going to. We're going to take baby steps. 326 01:07:48.390 --> 01:08:02.069 Fausto Pugliese: We're not going to go out there, and you know. Listen, like one person told me, How do I get access to level four for fifteen dollars. Goose. I am not going to tell you that, because if you do do that, you'll end up making it more harm than good. Go out there, Buy this first. Let me show you how to do it 327 01:08:02.080 --> 01:08:10.879 Fausto Pugliese: in detail before you spend a single fifteen dollars, because that fifteen dollars could be a fifteen thousand dollars loss, you know. But if you believe what we're talking about, that's going to help you 328 01:08:12.000 --> 01:08:41.620 Celeste Lindman: great, so well, you need to get signed up, and you need to do that right away, because this is a special price. Uh, this is that that black Friday kind of price you want to get involved on it. It's that whole year What I like about it You thought so is how you said It's not only like with day trading. It's like swing trading already. You can see the levels that are on there with any types of the stocks that you're trading and being able to be in there with also for a year like you said It's like, you know you're You're You're gonna learn a lot of things pretty quickly. You're going to be able to start making 329 01:08:41.630 --> 01:09:07.130 Celeste Lindman: money right away. That's going to be really helpful, because you're going to start to understand these things that Fausto is talking about and keep in mind. He's the guy that teaches the Nasdaq people how to use the tool. It's very, very. He's a professional at it. You're gonna love it. That's why Tom and Faust are such good friends. They They work a lot together on these great trades, and so I think you all just need to get signed up there right away. 330 01:09:07.140 --> 01:09:16.360 Tom Busby: What one thing I could say something. It's hard to get a word in edgewise. We're used to. 331 01:09:16.380 --> 01:09:17.399 Tom Busby: Uh, 332 01:09:17.810 --> 01:09:19.229 Tom Busby: first of all, 333 01:09:19.609 --> 01:09:29.320 Tom Busby: if you read my book. No, that's true. Put this out there. If you read my book, there's a chapter in there talking about my worst trading day of my life. One thousand nine hundred and eighty-seven 334 01:09:29.600 --> 01:09:38.479 Tom Busby: Fast those approaches he takes the losers and he goes to those losers with you, and you learn from that. 335 01:09:39.620 --> 01:09:53.929 Tom Busby: Probably assumption I make is that I probably don't do that enough, because I don't. I don't think about losers anymore. I Just think about how i'm gonna make money. So there's a different mindset, probably. Why, we make a good team. I'm not going to spend my time. 336 01:09:54.069 --> 01:10:11.430 Tom Busby: I'm not gonna spend my time because I've spent my whole career study losers to get all the winners I get. So you gotta learn the background. If you ever have a problem with that you already go to read my book. I talk all about That's number one number two. 337 01:10:11.510 --> 01:10:16.270 Tom Busby: If you will learn what Fausto is teaching. If you will learn 338 01:10:16.280 --> 01:10:32.239 Tom Busby: entry techniques at this level, you could parlay that. Maybe you don't want to do this type trading. You might want to do a different style of trade, and that comes by learning this first, because what this is is a pretty simple approach. 339 01:10:32.250 --> 01:10:41.900 Tom Busby: Hey? Where are people selling the stock where people buying the stock. Okay, and this software he's talking about. I've got it on my computer, and 340 01:10:42.110 --> 01:10:46.779 Tom Busby: I know how to look at it from a big picture standpoint, but 341 01:10:46.890 --> 01:11:05.299 Tom Busby: he'll tell you the details and how to make that work. Okay, So uh, in this. Okay, I got a request for Fausta Fausta. If they sign up, if they sign up and they go to all the stuff to get to your trade room and all that 342 01:11:05.550 --> 01:11:20.340 Tom Busby: we you commit to having a video call with them after they've had a few training sessions where you can find out who there is serious or what about going and really learning how to do this. The reason, I say, that 343 01:11:20.470 --> 01:11:21.570 Tom Busby: the 344 01:11:21.720 --> 01:11:38.149 Fausto Pugliese: video call is like being face to face, and if he's able to do that with you. I think you're gonna get more out of the program. That's my personal view, Tom. I I I Yes, absolutely because I feel like, Listen, We try to 345 01:11:38.160 --> 01:11:53.399 Fausto Pugliese: we, we, we, we, we do this for a long time, and I kind of teach, and I feel like we we we we we kind of run. See to you like a doctor's office. Okay, you're not going to go get surgery without seeing the doctor first. 346 01:11:53.410 --> 01:12:01.420 Fausto Pugliese: All right. Some people go out there, and they're like Oh, they did. This diet is great, and so on. You know I always kind of use this. I always kind of use this theory. I tell everyone 347 01:12:01.540 --> 01:12:03.329 Fausto Pugliese: how many of you ever been on a diet? 348 01:12:03.450 --> 01:12:09.449 Fausto Pugliese: I think everyone's been on a diet right? So when it comes to running a diet, you want to, how you lose weight, 349 01:12:09.980 --> 01:12:11.700 Fausto Pugliese: hire personal trainer 350 01:12:11.770 --> 01:12:28.709 Fausto Pugliese: and get a nutritionist. But people like, okay, And you got to see the person face to face. He's got to work with you when you have people involved in your life. That's how it would make you better as a trader. So by me talking to you like Tom does the same way. Listen. We're going to tell you point blank. Everybody here is a case by case basis, 351 01:12:28.720 --> 01:12:40.819 Fausto Pugliese: and you know, until we find out, know a little bit about more about your situation, what you're doing that's going to help you become better. So jumping into a program and says, Oh, let me try this, and we try that. You probably will never, 352 01:12:40.830 --> 01:12:50.019 Fausto Pugliese: ever in this day we'll ever meet somebody like Tom and I and everyone other gurus here at at as the pros. We will love to get on the phone with you and talk to you. But you know what 353 01:12:50.170 --> 01:13:00.200 Fausto Pugliese: we can't talk to everybody, but if you made an investment in us and us, we'll make an investment in you, so that's why we're asking. Make a small contribution. Get your feet. Wet. 354 01:13:00.320 --> 01:13:20.229 Fausto Pugliese: Pay five hundred and ninety-five thousand five hundred and ninety-seven, and then we'll go from there. And then just point out one other thing: um. I want to bring up that just to show you how the system works. Look what happened to Hood. Remember, I told you those big sellers out, and that big resistance that that was that one thousand and fifty. Look what it end up happening! Big sellers started showing up, and at one thousand and fifty Now it's at one thousand and twenty-five, 355 01:13:20.240 --> 01:13:37.929 Fausto Pugliese: by knowing where those orders are, and having that game plan. If you slapped on an indicator on that, you will never be able to figure that out. So, hey, fasto! Put Toelry in there, if you can. Sure no problem. I got up. You might go get something out of this right? Yeah, of course, I gotta let's check it out. 356 01:13:38.790 --> 01:13:47.510 Fausto Pugliese: So Tillray has a big seller right now that just showed up for about two hundred and fifteen thousand right here at four hundred and twenty. See, i'm right there, 357 01:13:48.460 --> 01:13:49.969 Brady, our four hundred and twenty. 358 01:13:50.070 --> 01:13:52.869 Fausto Pugliese: He was out there since ten o'clock in the morning, 359 01:13:53.190 --> 01:14:00.419 Fausto Pugliese: and you can see how it went there to four hundred and twenty. It came back down, and then, obviously, the guy just added to his order. Now, if it keeps going, 360 01:14:00.700 --> 01:14:05.600 Fausto Pugliese: I'm going to go back, and you can see there's really not that many orders out there. 361 01:14:06.090 --> 01:14:08.749 Fausto Pugliese: I'm going to seven dollars ten dollars, so 362 01:14:09.050 --> 01:14:10.330 Fausto Pugliese: you could see it. 363 01:14:10.860 --> 01:14:15.700 Fausto Pugliese: Here's our big resistance, so that four hundred and twenty, and if I bring till ray, 364 01:14:16.330 --> 01:14:17.330 Fausto Pugliese: hold on 365 01:14:19.460 --> 01:14:21.840 if I bring till Ray on the chart here, 366 01:14:24.710 --> 01:14:27.769 Fausto Pugliese: and we blow up a big chart right here on a swing trade, 367 01:14:28.800 --> 01:14:32.320 Fausto Pugliese: if you notice, and let me get a trend line and show. We got going on here 368 01:14:34.010 --> 01:14:40.410 Fausto Pugliese: just four hundred and twenty, and you'll notice that back in August was resistance back in May with support. 369 01:14:40.460 --> 01:14:46.800 Fausto Pugliese: Okay, if we can get past that, you could see four hundred and twenty to four hundred and fifty is resistance right here. 370 01:14:47.210 --> 01:15:05.629 Fausto Pugliese: So I mean, I know you looking at five five is a very big resistance, but right now I mean it's been on a really nice move, so what it had to teach by traders what's going on, that as much as that big sellers there, if that celery gets done, Guess what next? Stop is you know that four hundred and fifty. 371 01:15:05.640 --> 01:15:08.010 Fausto Pugliese: That's how you trade in today's markets 372 01:15:09.400 --> 01:15:12.649 Fausto Pugliese: was that that was that was that difficult? Was that complicated? 373 01:15:13.720 --> 01:15:16.019 Fausto Pugliese: So it's all about having a game plan. 374 01:15:16.720 --> 01:15:34.809 Fausto Pugliese: Uh we, as a question is, uh, is Tom saying that you you're good. That's that's a huge plus for me? Well, thanks a lot, Wayne. Well, listen. I know, Tom Tom, how long we don't need to tell. Twenty years now Probably twenty years. Yeah, at least twenty years. We travel all over. Have it. How many times you've been to Canada together? Oh, 375 01:15:34.910 --> 01:15:54.220 Tom Busby: don't go with foul to Kennedy. You gain twenty pounds so, but i'm a little bit of a Foody, I guess i'm a little foody, I guess late at night. I like the duration, you know, but it's the Italian diet. I but we had such a good time, and folks 376 01:15:54.230 --> 01:15:55.780 Tom Busby: work with him, 377 01:15:56.720 --> 01:16:13.230 Tom Busby: you know. Learn this stuff. It will make no no matter if you don't want to do that short term trade. That's what everybody misses in it fast. They try to be swing traders long term traders, and they don't know the basics of why they're going to enter when they should exit. 378 01:16:13.240 --> 01:16:22.119 Fausto Pugliese: You bring a great point, and and and, by the way, thank you for your service, you know, as a veter. I've got to mention that. But um! But getting back to the military, 379 01:16:22.230 --> 01:16:26.489 Fausto Pugliese: who's the first people that go into war, it's the marines right. 380 01:16:26.500 --> 01:16:47.180 Fausto Pugliese: They're the first ones that go in and then and then what happens? Everyone else knows, and they and out there scoping out the area as being a day trader. You're scoping out the area with. You know what happens over the course of the day. That will make you a better swing trade, or more and better investor and a better options, Trader. So you know. Yes, you can apply this to a swing trading. Yes, you can. But 381 01:16:47.190 --> 01:17:04.740 Fausto Pugliese: but you'll You'll be more excited by knowing okay, what's going on today? You saw what happened yesterday. Marco went up like one thousand two hundred points. Now we're down today is it was at like a a short squeeze, whatever it is. But you know what that's these. It is not something you could talk about in an hour, you know, if you give me, 382 01:17:04.750 --> 01:17:10.410 Fausto Pugliese: you know. Just give me a little time to go through these programs with you. You could apply this towards anything 383 01:17:10.450 --> 01:17:13.230 Fausto Pugliese: all right. So um. 384 01:17:14.070 --> 01:17:16.180 Fausto Pugliese: But any other any other questions. 385 01:17:16.800 --> 01:17:28.429 Fausto Pugliese: We pretty much go, cause I gotta. I gotta get ready for Nasdaq. I gotta I'm doing a big event with them now. Uh so I got to head over to the uh to the city. But, uh, but, Tom, thanks for having me, 386 01:17:28.440 --> 01:17:44.600 Fausto Pugliese: Celeste. Thanks for being here, and everyone. I hope you all enjoyed something, and, like I said, we'll see you next week on. Ask the pros, and you know what. If you have any questions anybody you know, like I said, I know some people are not the best typers, or whatever it is. Just drop me an email 387 01:17:45.060 --> 01:17:59.330 Fausto Pugliese: You'll be happy to kind of answer. You got any questions at the Psc. To you, Corp. And then, hopefully, better yet hopefully, i'll see you in the trading room. Thanks. Everyone for listening. And um, you know that enjoyed your your veterans, and if everyone all the veterans out there, thanks for your service. 388 01:17:59.360 --> 01:18:02.469 Tom Busby: And I think, Tom, you want to say something. 389 01:18:02.820 --> 01:18:07.500 Tom Busby: Pick up your phone after we finish it. I want to ask you a question. 390 01:18:07.560 --> 01:18:13.530 Tom Busby: Okay, I'll call you when you finish.