Uh, hit me with questions. you know these are kind of like what I like to do here is a little bit different than like pre-market prep. uh I'm I'm guessing a lot of you are on pre-market prep. We get very into like the technicals the plays of the day you know that's I I go live every day 8 30 Eastern and you know a little more um I guess I would say technical, more more like chart patterns, more interpreting the news Etc What I like to do here is get a little more big picture like like like talk about maybe mindset or or like what you're struggling with or some of the stuff to go over recently last couple days um man yesterday uh uh Cdlx just a probably the best Oracle Play From Yesterday um what? I love about Cdlx yesterday was the you know you know we had uh uh uh bfrg.

Bfrg was an incredible morning Runner but a lot of halts. yeah it had a pretty widespread. it ran right at the market open and and halted a bunch. you know, kind of tough for newer Traders but like what was great about Cdlx and go back and look at that chart yesterday.

um just a great uh Gap up kind of Consolidated and then didn't hit the Oracle signal till about 10 45. so much more like newer Trader friendly and then today, uh Ifrx man like what? Pretty cool with Ifrx. There were about four. There were basically four different opportunities to uh to trade a Ifrx and um, last night.

uh well, not last night. yesterday afternoon. uh, breaking News Dropped the news on Ifrx was a great Runner Now listen I saw Cove like like this is a good point. like something you'll hear.

uh, you know this is another quote that I borrowed, but um, it's okay to be wrong, but don't stay wrong. Okay, and like last night when the breaking news hit like what I did and this is a good lesson I immediately kind of downplayed Ifrx at 2PM yesterday because I saw Covid okay and I'm like I'm like Covid I'm like gee I mean listen, we had our covid stock run but it's like jeez, it's you know it's it's Spring 2023. So I was kind of dubious of Ifrx. Now what I overlooked was FDA emergency used for terminally ill patients.

so like where I was thinking like covet I was thinking just like kind of whatever. You know it's like a covid treatment or or whatever. but this thing like helps people on their deathbed. So anyway, after hours changed, my opinion was a great Runner Then Oracle nailed it this morning.

and then this afternoon there were basically four opportunities to trade Ifrx. and probably the best one was kind of that midday move so love those midday moves, especially for newer. Traders What does the coin symbol next to tickers in Oracle mean now I'm guessing what you're asking about. it does look like a coin.

So uh Amy it's not a coin, it's a yellow s is what that is. Okay, so uh I'm I'm actually let me know. Amy are you talking about the uh uh uh, the yellow s Okay, I'm guessing you are if I'm wrong, correct me with the yellow s denotes is a stock under the SSR. Okay, the short sale restriction aka the uptick rule.

Okay, and that that is. Um, it used to be like. It's funny how the market always changes like I Specifically requested to have the SSR indicator added to stocks of trade it used to play be. We would always always look to.

one of the main strategies we had. Um, six seven years ago was to was to dip by stocks on the SSR. Okay, and what The SSR is any stock down more than 10? Okay, so now you can Google this as well. It's the SSR eight also known as the uptick rule and the SSR is triggered by a stock that is down by 10 or more Intraday 9, 30 to 4 Eastern Okay, and when that happens for three days, you can only short and uptick.

Okay, now again, I know it's confusing. Okay, but one more time if a stock is down more than 10 percent intraday 9 30 to 4 doesn't matter in pre-market doesn't matter in after hours, then the uptick is on. and a lot of people misinterpret it because they think you can't short the stock because the name is stupid. Okay as always, what's what's my the S.

Keep in mind the SSR is a government regulation by the SEC or Finra or somebody. What do I always say what's the first thing I will always say when it comes to government regulations. My boy Ronald Reagan he's my boy. Many great quotes but my favorite Ronald Reagan quote is I'm surprised no one's typing it.

What's my favorite? Ronald Reagan quote the not here it is. The nine most dangerous words in the dictionary are I'm from the government and I'm here to help. So the SSR is stupid and it sounds stupid because it says short sell restriction. so all new Traders think that these stocks cannot be shorted.

That's not right. you can only short an uptick. Okay now I'm probably just confused you because all stuff with shorting stocks confuses new Traders I Get it. Especially stuff like the SSR and borrows and locate fees and all this crap.

So anyway at the Ford answer is we don't really care because no one really targets the SSR anymore. I I mean I'd like to know if the SSR is on but it doesn't really change any of my actions. So see this is the the bummer. like that took I mean I feel like it necessitated a five minute answer that's one of the biggest with short selling.

And listen I was a short biased Trader for nine years. Okay, but it's just everything was shorting is backwards and it's I mean because you're doing everything backwards and there's all these rules, all these regulations, all these fees, so it's just like and and listen I am not anti-short So okay I would say I was 90 a short seller for nine years. Okay, it's just there's so much overhead. Like there's so much more to think about.

and as a new Trader you have enough to think about. it's just more. Okay, what in the world happened with Scam Back Stock Buru? Great news with the Dod and it just crapped Carl Listen, we talked about it. We knew what that thing was.

It was the worst. It's a scamic. I mean Carl at the end of the day you basically answered your own question like seriously, it's a piece of crap. Okay, so the reason it died is it never initiated the short squeeze and actually I got my notes right here.

Okay, so it never hit the short squeeze level so it was never a trade. Okay, so right, there's the notes from this morning. Okay, it checked every box. B-e-u-b-u-r-u is disgusting.

We're stuck in the world. I Talked about the fact that it should be. Remember B-u-r-u was today's Bfrg. It just never hit the short squeeze.

So so it's a piece of trash. Who cares? You know? let it die. Hey again and the point I'm making again. Carl The first part of your what in the world happened with the scammex stock, you kind of answered your own question right there.

Peter It's listen when it comes to spotting a false breakout. um, understand, it's been a little bit of a choppy week. Um, and can you give me the stock like like Peter it it and understand I'm here to answer questions and I'll give you everything I got. But if you can, if you can, give me the ticker and the day and like the time of day, it definitely helps me because and I'm not saying it's a bad question.

There are no bad questions, there's bad children. Okay anyway, it's a joke any any time that's that's my same dad joke because every you know. Anyway, nobody laughed. but um, there are no bad questions.

but like there's a lot of variables there. Okay, what was the volume? What was the sector? uh uh. was there float rotation? What was the overall market doing? Okay, so hit me the ticker the time Etc and I can elaborate. Okay, at the end of the day you had a stop loss.

Peter You are better than like 80 of Traders out there because you know what? You know what? Peter You know what? Guess what? Peter you got stuck in a failed Breakout but you stopped out like here's the deal. you wreck like like Peter and and and and I get where you're coming from like you don't like the fact that you took a loss. Nobody does. Okay, nobody likes losing money.

If you like losing money, you're a psychopath. Okay, you are a crazy person. You should be locked away for life if you like. Now listen, one of my favorite quotes is the Ed Psychota quote.

Another quote and psychotic quote is and I will butcher it but I will paraphrase so yo. Listen, some people like to. Some people like to lose AKA Psychopaths But the point Ed Psychota makes is some people simply like to lose Like that's why people will lose their entire savings at like the casino and they just keep going back. They get some sort of sick satisfaction on it.

So the inside code Accord is some people like to win. They they like to lose money. So they win by losing money. You're not that you took the loss.

Okay, a lot of people, most new Traders are whatever the stock is I don't know the ticker. Most people are still in it. You took the stop. you recognized a fake breakout.

That is a good thing now I Don't yo. this is something I Talk about the steady trade team a lot. Listen: I Don't expect you to throw a party. Okay, you don't get home from from or like I mean I'm gonna I'm gonna detached home office.

This is a separate building from the main house. Okay, like if I lose money. okay I don't walk across the driveway going to the house and be like hey Mrs Bowen woohoo I Lost money today now I Don't expect you to be happy about it, but it's part of trading and the fact that you took that loss puts you ahead of like 80 percent of Traders What's the future I Huh? you know, like The Matrix Okay, you want you like like you want to know the future of AI uh watch The Matrix Okay now I'm guessing you're asking about the stocks. Okay, so now listen, it's rough with AI the stock.

Remember AI is the market leader. It got a big haircut the last couple days but the crazy thing is AI still held support. Okay, so what we're looking for. let me look at so basically what we're looking for is that reclaim of so it held that lower level again today.

man. so bring up the chart guys. look at that bounce a couple weeks ago when it held 21 and it's right there today I think we start to grind back off of this and if AI the stock C3ai starts grinding higher, all the other ones are going to follow it again. Man, what time of day? um I mean Monday is this thing was ridiculous on Monday So again Peter if you could one more request um if you could, what time of day? sorry I keep bugging you but um, um, what's your thoughts on d-wac Please stay away I mean it's so it's D-wac Listen, it had its day in the Sun it had many days in the Sun D-wac is so full of bag holders.

okay um no no Now as always price action trumps everything. but um this just Dwac is just like like if you watch okay if you watch every time dwac Gap like like this is something this is your research project watch every time D Whack gaps up it. It fades all day. Now it doesn't fade all day because the company's bad or or or whatever.

The reason it fades all day is when you have a stock that is absolutely loaded with years of bag holders. they all sell the Gap up. Okay, like a great example is weed stocks. Okay, if you ever wonder why I hate weed stock so much, there is literally a decade Like the first big weed stock run was literally I think it was 2014.

we're talking a decade and that is why every like like weed stocks or gravy. every time you see weed stocks Gap Up they fade all day. And it's not the news, it's not the it's not the company. it's just there's so many people that are stuck at a higher price that when you get a gap they they create selling pressure.

So remember the market is a market buyers and sellers. So if you've like like what would you do okay like what would you do if you were holding some stock, you were holding a loser for like two years and it gaps up 30 percent. What would you do after you had and I don't even care what price you're in. Okay I don't care what price you're in, what do you do after you hold for two years and it goes lower every day and it gaps up 30 I know what you're gonna do I know what I would do I'd sell.

Okay, so that's why d-wac Every time it gaps, it trickles lower and then a month later it gaps and trickles lower. So gfai at 1 20 P.m All right man. I mean it's just. you know.

Listen, crazy volatile stock man, crazy volatile stock. So this is so you're gonna hate me. What's the name is it? Peter Peter's Gonna Hate Me Yep Peter Prepare to hate me. Listen, this thing had eat.

This thing had 14 of range. Okay, 14 of range. The low of the day was eight. the high of the day was basically 22..

you're gonna get stopped on these stocks I mean look at later in the day I mean and I'm sure you know Peter at 2 p.m it exploded all the way up to 20 bucks. But you have to stick to your plan I say you make right decision I mean I see those two huge red candles? but I say good trade man, you took the break Isn't the hottest. Here's the deal. Peter This was the hottest stock of Monday everyone was trading gfai Monday you traded the best stock and you traded a good chart pattern and you got stopped.

Just a lot of range on this thing I mean look at it now. it's all the way back tonight. Okay so I don't know I say Well done. So I mean it was the best time one day I mean it opened, it opened it eight and went to 22.

you traded the best stock. it's just you got stopped. so um uh thank you Peter All right guys I do need to run. um it's almost seven I got a man it's been a busy week.

Ugh man. um so many trades, so many webinars, a lot going on this week. um I'm still feeling it I didn't I flew back from Florida last week and I didn't uh um, didn't get in till like 3 A.M Sunday you know Monday morning. So and then I the this is how dumb I am.

so I I get home at like 2 A.M Monday Morning by the time I get to bed it's 3 A.M this is how dumb I am I get back up at 4 45 a.m to work out with my personal trainer at 5 30 a.m that's how stupid I am I should have slept in. but anyway and then I trained again this yesterday morning and so um I'm still like feeling the effects of freaking Sunday night and getting one hour of sleep. So all right guys, have a great day, a great night. uh Alex will drop the link to pre-market prep.

would love to see you there in the morning and uh good stuff tonight I Enjoyed this great great questions So um yeah, all right. have a good night guys and we'll see you next time.