 Good evening everyone and welcome. This is Melissa with the stockswush.com and I am actually here with Tom Tom, welcome Tom. How are you this evening? great, great So I'm here with Tom and Tom has known me for a very long time and Tom has been trading God like more years than I'm alive. How many years have you been trading Tom? How many years are you alive? Trading more of the years than I'm alive, but I could be wrong it's close. It's pretty close. I mean I didn't even call them trade. They were investments. It was like 1981 1982 so are you just tell everybody a little bit about yourself? So you started out in the market and you thought you knew everything in the world And then you made millions of dollars in the boom and then what happened? No, no, no you missed you missed There were there were like six booms before that Oh, okay This is before I haven't seen any booms, but so just No, there were There were there were several booms I I Mean when I started out, I just wanted to you know I read about the mistakes that everyone else made and so you know rather than focusing on doing something Right, I was focused on you know what I don't want to do wrong Okay, and So in in the early 80s, I know you know I went back and I studied the market and I noticed that it moved to four-year cycles and That the last significant low in in the market was in 1978. So in 1982 I You know, I became very convinced that we were making a An important cyclical low in the market And not only was I right, but I mean it was an incredible lift-off. I mean the especially small stocks went up three four five hundred percent in a You know in a very short time and back then everyone hated stocks which just gave them more fuel to go higher The unfortunate thing was as right as I was about that call. I mean I was I was pretty young I got suckered into you know some kind of scheme that I broke right concocted with You know with options that you know So wait a minute. Wait a minute. You weren't doing actual equity trades. You were doing options No, no, no, I was doing options. I'm sorry. I was doing stocks. I remember that Okay, I remember I mean the funny thing is one of the stocks It may have been the second one I ever bought trades to this very day. It's commercial metal cmc All right, let's look that up. Go ahead. Keep talking go ahead Yeah, that that was that was you know had an incredible run Now I was also told to you know, the bottom fishing was the the way to go And I mean it can be I mean Uh, but the oil sector was just crushed That year that had just gone through a boom And uh, we picked up this little driller called peninsula resources. They eventually went out of business Mm-hmm But uh We had another one m.d. Uh, I don't know whatever happened to them. I think it it's a different company now under that symbol Wait a minute. Wait a minute. Did you buy this stock here the cmc? Yeah, where? What did you buy in 1982? I can't even see 1982. What price did you buy it? It was like 15 bucks 12 bucks, but you know, it splits so many times since then Oh, okay You know, it like if you held on to it. It was a huge huge winner I mean it would spend years going sideways and and then make another run up in them. It's a metals recycling firm And it made another run higher um Now the one we're going to talk about the Oracle trade, but you do something that is completely different from me Which is that you actually read or investigate the fundamentals of stocks, correct? Yeah, the story. Well, I mean, but there's a difference between the trade and You know a trade and uh an investment I mean, I'd rather do an investment and a trade because I can take some off from the trade and hold the rest for higher prices and to me investing is Easier because if you're right, you don't have to do anything Yeah, but the bottom line is with training and obviously this is why I'd like to do it And why I've always wanted to do it and then I forced myself to do it Is that when you train you have the money immediately? You don't have the money immediately when you invest I mean, you're in a position where you don't need the money immediately, but let's be frank Most people are not in the same position as you Well, it depends No, it depends on their age. I guess I guess Well, no, I'm talking if somebody doesn't have a lot of money set aside in the same means They need money right away Everyone I know And it's kind of I mean they they don't really do stocks they You know through the work programs that are available. They just invest in the market, you know And I know but I mean we have to get outside of the range of people that you know 100 and no chance of failure in my opinion outside of the range of the people that you know so People if you pull yourself back into the universe Do not want to wait to get paid money. Am I right or am I wrong? I mean, okay here Here's a great example. Tom works for walmart when you get up in the morning You work from walmart part time and when you work from walmart you go in there Walgreens. Oh walgreens. I'm sorry. God. Why did I say walmart? I don't even know where I'm getting that from Anyways, walgreens. I was close The point is you work for walgreens and every time I hear a story from you It's always about the fact that on the day people get their social security checks or whatever it is They come in and they spend it all That is most of the people on the planet. I mean you do realize that um I mean at least the people the reason the reason you and I like to trade is because We're willing to put the work in I said walmart. That's pretty funny that I said that. I've known you for so long. I knew it was walgreens But it's like an oxymoron. It was like fruity and slip. I said walmart before Did I say that before? Yeah. Yeah. Yeah. Let me look at wmt. Maybe I'm like the stock or something Maybe it's like telling you something. Yeah, you told me once they're going out of business or something. All right, let me go I keep talking Mart are the walgreens whichever one the anyway, most people do not No Most people Do not want to spend the time or the energy to trade period. I mean Even swing trading forget about intraday trading. They hold on to these things for 20 30 years and For most people, that's the right thing to do. I mean it takes, you know, really an extraordinary person to First to be willing to intraday trade And then to be able to do so successfully. You got to, you know, be very quick on your feet and make decisions quickly Now, let me let me complete 100 opposite of you I think quick on my feet and you like have to take all the time in the world to do it So what is the answer then for that? Well, okay, here's what Because that's true. I mean, you know it's true. There's a there's a couple of there's a um Okay, what what what happens is this You will you will often get Better entries, although if I really like the play, I'll get the same entry which was the case With oracle of that word, you know that we're talking about no wait, and again told me that nobody gets better entries than me Now you're taking that back That is often the case not always the case. Okay, these specific Yeah, um, let's pull up the oracle I mean the only way actually the only way And we'll go over the only way anyone would have gotten a better entry than you on Oracle that day is and I kind of did I mean not a better But it was the same I used to limit order and got filled like 20 seconds later right Is because if if you would have had the order Preset, I mean oracle opened and collapsed and if you would have waited for the collapse It would have been too late. But how could you predict that though? That's the point I'm trying to make Yeah, exactly. Yeah, and um The other thing is is generally Generally, not always You will get a second chance In the entry. I don't know. This is where you and I have a fundamental Disagreement, although I will tell you that your text today here. I'm going to read it out loud to the room Or whoever's listening your text today actually said to me something. I was like I have to put this in blood You said Although let me find it. Yeah, where did you send it? You said today that I'm really good at the at the immediate entry. Where did you say that? Yeah, I can't find it. Maybe it wasn't an email. I said it like Six months ago. Oh, all right. Well, I can't find it now. I thought it was a text, but it might be an email Right. Yeah. So then the night then you lost me. I'm always aggressive. You used to be I've actually turned you around It's taken like a hundred years, but I've actually turned you to the point I mean, it's something we're going to talk about, but it depends on the conviction. That's the key word Um, but I mean, this is the conviction conviction from what? Were you getting the conviction? Where? Yeah um, I'm either getting the conviction from um From the uh earnings report And my conviction level on oracle was pretty high Here's where it opened our oracle opened at 41 91 when it was in the pre market When there's a there's a there's a thing we're sort of getting ahead of ourselves here, but oracle I had forgotten about this oracle switched over to the new york stock exchange And it it was still pre trading pre market at 9 30 9 30 9 31 it actually didn't open on the nyse until 9 32 you can see it the the huge million share volume spike That's when it actually opened on the new york stock exchange. Let me go here. That was the day of this day here. Okay Right right there. Yeah Say what go with what you're saying Yeah, because because I remember that because there was another moderator that called it long that day um 42 42 15 by whatever that low was all right explain to people There's all kinds of other trading rooms and there's another guy that I know that that's Long and I he's often wrong on the opening place um, but nonetheless when it opened On on that huge block of volume you see that that bar was green for like three seconds And it looked like it was this one here at 9 32 Yeah, yeah, that was at a big green body and I'm like, oh no But it didn't it fell right down and and then I knew we had it We're pretty sure we had it I want to be aggressive. I want to wait till china clock. I'm asking you. Where did you actually enter oracle? Where did you put this stop? Well, I Okay, my initial plan with oracle was and then I was watching a trade pre market I was pretty sure that was the one I was going to do. All right, hold on Where did you all of a sudden get the conviction? This is at the night. This is night night night night night night night Okay, here's this is what I Tell me the price action and what when was it at night or in the morning that you got? Well, here's here's here's here's the whole you know chronology of You know me and that the oracle played Well oracle has a tendency to to fade the gap and actually ended up doing that this day Um, no, wait a minute. No one knows who you're talking about. What do you mean? They the gap Oracle tends to whatever way the gap goes. It tends to end up the day in the opposite It's got a huge history of doing it like it gapped up three months ago and it sold off all day and um and One of the reasons for that is because it's one of these institutional favorites. They they like to buy it when it's down I like to sell it when it's up Are you saying you feel like it's rigged or what are you trying to say? No, no, no, no, no, no, it's not rigged. Here's a daily chart of oracle like give me an example. What do you what do you mean then? Um, like this day here where it gapped down here back in this is October 2000. Yeah, that's that's one and uh What's the other day and over in it looks Yeah, it looks like in march March of this year. Well, uh, yeah, um Where? Whenever it gapped over 45. Oh Here here. No, no, no, no. You were like march 18th march 18th rated this gap. This would have been right on the cusp I mean, this would have been like not a hundred percent. I see what you see here. Like it could have done it We actually played oracle on that day in the room. I was I was there and I I I tried it but I You know and this is like right on the it was like right I mean, this is weird. I will agree with you that but It was the reason the institutions do this not because it's rigged. It's because It's because the liquidity is there where they can um either get in or out of it and um These bigger names they they you know that aren't going out of business and you know in two years They you know, they're talking about oracle. You're talking about oracle, right? Okay, go ahead Now what I I I send out a short synopsis to some people um the way I think that Oracle's gonna go and What I what I wrote on it is that it has a history of fading But I think I thought this was the real deal and and the reason I wrote that is Wait a minute. Are you tired of the gap here? You lost me? Yeah the one in march Yeah, that's it go ahead say what you're thinking Well that particular day. No, no, no, I'm talking about the gap in march. I didn't like okay I thought I thought it was okay and we did it in the room and when I think something is okay I'll do it, but I won't do it with serious size You know and I I had no expectations on you know, I'm happy to make a nickel I don't have no idea why you'd ever take a trade with no expectations. You were like the opposite of me I mean, it's like every trade I take I take I have 100 expectation Every trade you take you're like Maybe I mean, I don't understand that. I mean, that's why I'm trying to pull you over like to the side of like the sun Where I'm trying to talk you into taking sides I've been trying to do this for like the last 100 years and you won't do it But the reason is that and and you email me the other day you're like I get 30% conviction from you I'm like, wow, that's a hell of a lot conviction actually And I talked about it in the room and and yet there's nothing that I can say That will make you take size and of all the people that I have ever known and of all the people that I've ever traded You could take size and you wouldn't be hurt if you lost two million dollars in a trade You wouldn't be hurt. I have no idea. What is it that you were going to get conviction and you're like, well, maybe I mean you have got that what is lacking from you and I'm telling you this right now And I'm telling you this to help you I can tell you in one short sentence. What what what I probably want to avoid turning this into a real job Um, what do you mean a real job? So then you're gonna work for Walgreens or Walmart? Your action your plan of action is what what is your plan of action? I'm asking you right now It's it is 855 on Monday night. I want to know your plan of action this um What wait, we got like six things going on. I know but just answer one This this gap here in Oracle where your pointer is right that was Now the reason I did that with no expectations is It could have it could have continued. It's surely it really should have continued. It really should have Let's see what the market did on that day. Hold on one second 318 Let me just bring it up 318 Because you know Oracle is a market stock Right, let me just look at the market. I mean they reported that night And I would be here and see they earnings were okay. No, they weren't even okay. They were Just look at the market because this is very interesting The qqq's on Oh, see this is wrong It's really really wrong Look what the market did on 318. No, look at that That's the market and let's go to the Oracle. Hold on. Let's go back And you know Oracle has gap down something's wrong here Oh, yeah. Yeah, I'm just looking at this now You know, wait a minute. I'm just seeing this. Are you long this over in the long term or what? Oracle? Yeah No Okay, because there's something wrong with this And I'm just saying this now Well, I'm just telling you right now that the day the gap in Oracle and the earnings It didn't go higher, but the market did and this is the market stock They're kind of shorter I know I know but again, I don't short bear bullish gaps But I'm telling you them that Oracle gap down here This was just recently on the 18 Yeah, that was the only thing Wait a minute. Hold on. Just hold on one second here Oracle's lower I know I know I just see this now. I just I'm just saying this now as I'm talking to you Wow that this this Hold on this gap here Gapped up High was 4310 Wow, I think Oracle is really Oracle still in an uptrend, but I think Oracle is lower now that I just know that one Do you think that yeah I mean, I thought about it the gap day, but you know, but I was too not enough information You just played the gap. It was still in an uptrend But I'm just seeing that now with the market and then the gap down that just happened a couple of days ago I'm seeing that I'm like that's a sign Because that's not right You're are you in this overnight or not? No, no, no, but I did notice the weakness today The thing I want to go over why I had more conviction than normal on Oracle. It was because I mean on these bigger companies All right, I'm bringing it up. This is the 18th. Let's go. Let's go to what you did. Okay, go ahead Right the the institutions that can be more forgiving You know on a minor miss on earnings and they often in an uptrending market They'll view these gap downs as opportunities to get a great company cheap But you know Oracle has missed their numbers Like every quarter for the last year Well, that's that's something to do with and I never look at I've got to ask you though. I mean, I'm just asking this on the video, but I actually never have asked you this This was the worst miss yet. Really? right and so My thinking is at some point these institutions are gonna say, you know, the old saying fooled me once You know, shame on me fooled me twice fooled me three times. This is try number four You know, I think they're gonna lose their patience with it and You know, I think it is gonna go down You know, probably a 39 anyway and then Then we'll see um, my plan with Oracle on on The day the gap was I wanted to short it at 42 50 And take it down to 41, but but about 15 minutes before the open it collapsed And that plan was out the window and so you had to take it where it opened and You know, we had We had a nice play on it Even even though, you know, it ended up, you know green on the day But I mean you'll answer this because I'm I'm surprised that you would be as aggressive as me because you're normally not I guess that I'm surprised you would be Okay, here's here's here's what I do Most days most days, but but the conviction level varies Okay and what I try to do is focus on The best available play um And I'll vary the size uh accordingly um But usually by probably no later than 935 I mean something now here's Here's we're gonna We're gonna You know, but it's not a difference of opinion. I guess a difference of attitude If you you go in with full expectations On on most plays and actually I will feed off of that to to an extent um But I generally go into a play with limited expectations um But I mean and I don't understand where how can you feel my ultimate the ultimate expectations is when I get into a play I'm not selling it no matter what I'm here what it does during the day And I have a I have a few of those that I mean if you want to pull up tbi tom boy indian I've had that since the day of the gap It didn't need I mean it but I mean go back to what you're talking about about at the fact that you have no Expectations like you lost me there. Okay. Okay. Look look at mba today This this gap down. I'd have done this to that thing. All right Let me just look at it because I don't even know what it is. But let me just look good Now first of all, I'm gonna look at the pre market nine o'clock 1 15 8 This is the problem. This is where it was gapping in the morning So if you're rating the gap you're gapping you're rating it here Now, I know it got better into the open but you're trading it on then on the fly Yeah, I know on on the rating this would have not rated well on on what you do But I thought it kind of went climactic on the daily had it just just huge. Yeah, it did I mean it did but I mean you can't be aggressive on this You know, so I thought a lot of people and this is what I mean I didn't have wouldn't have had any expectations on it. But if it fell 10 bucks, which it did you got something Let me just see here. Did you actually short this? Yeah, because my I was on the phone with real tech trying to fix my platform It wouldn't let me log in But I was watching it You know, and then and then what happens to me is that you know, I get you know, uh, a so-so day on you know on Kind of would probably would have ended up being because I this stock is what I was long this stock two days ago That's why nothing. I kind of know what I'm pretty familiar with it Um, well, I mean I gotta tell you that this Bar today is actually pretty devastating for this. Yep. Yep. Yep. Sure is It's gonna be to support like real quickly really like tomorrow. Yeah Um, but and you know, Melissa, this is another one. I it See if I can see it. Uh, I did this the day of oh, there it is on June 3rd June 3rd, I I did this About little not what yeah there I did this that day on the gap And I sold some into that tail and I kept some And that's what I mean. No expectations, but then all of a sudden it takes off You know, and I sell some more But this is where the gap rating would help you because to be honest with you I wouldn't have thought this was anything fabulous Like I know but I absolutely love the earnings I know but this is where you could combine the earnings with the gap reading Right. I do that every day. I do that every day. All right. All right What was the reason for the gap today? I I never could find anything some some big short seller said it's it's worth 60 bucks and he's short the stock It's crazy Yeah, I I I was I was really you know Herried this morning because I couldn't log in. You know, I couldn't out log in Until my you know, well, you're not supposed to do anything that it's like it's like a sign a sign to just take Had I had I done the room today This is the one I would have done because the other gap was at you and it went straight up I know but you know most of people to remember not going to short stocks at this price point I mean, that's the problem. I mean This is expensive but I mean, let me just look at the stop here. Well, I would have probably been a dollar See what you're looking at right now. You see that's so much better and so much faster than I do I mean, it just takes longer for my brain to process I think that is a result of what like what's the explanation for that? Why does my brain work faster than yours? You have a faster brain No, your brain is the same as mine No, I think I think you drink too much tea or something to that effect Your brain has the same capacity as mine. So what is it even has more capacity, but it is not as fast You think my brain has more capacity. That's the nicest thing you've ever said to me I should like I should actually like tally up all the nice things you said to me the last month I like to put it on as a testimonial My brain is built for power Right So and what I meant was mine had the greater capacity. Your brain is built for speed Right. What's your point though? That's different brains. It's not it's they're meant for different things. I know when you're trying Disagree, but you know what you're gonna do give me cocaine or something every morning I I tell you if I ever start to do k-kane, they're gonna have to lock me up because I'm actually dangerous on k-kane like don't ever even slip me any cocaine Like I've known that for years. All right. Let's just look at this here. This is I know, I know Off straight like a banshee It just fell off a cliff Yep I mean, is there anything that you think you could tell new traders to help them If they're looking into trading gaps I mean what advice on all the years of experience that you've had in trading gaps Could you give to someone that's brand brand new that never traded gaps never traded my system? Like what advice could give that person? You know, it's a it's a combination of what what you and I just discussed Not not everything works and You have to be aware of that But but you do need the conviction otherwise You're not going to get into the play I mean one of the I mean, I think this is as hard as for me as it is You know for you Is when something actually does not work Yeah You know, you look at it in almost disbelief because you can't understand why It's not why it's going against the best late planes. You could have possibly Have had and that's it doesn't work as one risky unit. Correct. But you know, but as We've done from time to time There is the human, you know, the human nature part of us that that likes to fight back at adversity, but as you know From experience, you cannot do that with trade. No, you can't I mean, this is what I've learned from the experience of the umpteen years. I've had I mean You cannot move a stock. You can want it to go and wanted to go wanted to go You can't you can't make it happen. Right. Right. And and you know, and you just you have to move on I mean all the all the the one we did the other day um I I um And I was was going to do this one over um Over Oracle and and I was the only one that did it and and and you're I mean and I had a thesis laid out for this and it was your Point system that sort of edged me into it And it was lzb lazy boy It was too thin though. The problem was it was way too thin Yeah, it was kind of thin. Um You know and um And I mean I did it the once and it had a little pop and I got out of it It essentially break even but then it set up against where I did give it a second chance And and that turned out to be the right thing to do um, you know, I see and I had I mean, I like to have a two pronged belief going into the gap not only the You know, I want the gap in the chart and I thought with lazy boy. I thought we had a a third Even a third effect or a third prong that would Uh sparks and fear into people holding the stock And that was the fed was meeting that afternoon and lazy boy is related to home building And I thought anything which is related to interest rates And there was fear that the fed could start raising rates and uh, which is bad for the sector So listen, I think you should write my blog because I don't have time to do it And you talk about things that no one is interested in like as far as like most people are interested in but I'm not interested in But I will tell you that the great thing about you is that you look at these things that I have no time to do But you know, what's so funny like Just for a second Melissa, that's that's the difference between a fast brain and a slow brain. What do you mean? My slow brain goes through all this stuff that you know, and you know, and you're more of a gap and Oh kind of girl, you know, I'm like, oh, we have this and we have this and we have this and you lay it all out This should really but I do have that in the morning when I'm reading the gap Do you understand like I'm do processing that Slowly from the time that I roll out of bed, which is way before you even blink an eye And I am looking at the gap and reading the gap. So that is my slow process. Do you understand the difference? Right, right, right, and you're very good at that. Yes. Yes. Yes. Yes But um You know, I and I still do I still think that the two of these combined together is um The two what? The the two of where you're just looking at the chart and I'm looking through what I could write in a blog is is pretty good You know the combination of the two But I'm never going to do it. You do realize that You realize that I'm never going to look at anything other than price action and reading in lifetime I mean, you should realize that by now at this point. I know I know I know But What I'm saying is I've already done it So you only have to ask one question. Do you like this? And if I say yes, then I've gone through all that But what you said to me the other day I was like floored when you said that you get 30 percent of your condition for me I was like, wait a minute write a testimonial because I mean that might have been just a number, but it certainly Well, I mean whatever. I mean it was like that's like pretty high actually I would say you're good at what you do and that's been true for a long long time a long like like like years and years and you used to send me these little email things A and B is good and and I and I have this great play on A and This was the first one that you ever sent me this and I don't even remember this It's the capacity thing again What did I say? What's that? What was it? You sent me this like four letter email amd is good And and I had a great day in amd, but it rallied first not and I walked Into this day I we've talked about this before and I've never understood Well, I when I emailed you back. How did you do an amd? You wrote me back another forward email that said amd annoyed me and This was um, at least this was three four years ago in september. Okay um Yeah, and I I mean that's it's no big deal. I just always wondered why amd annoyed you you know that particular And I actually think you've gotten better that day. I think that kind of popped that amd had that day I think you would have been in it and not uh, and not been stopped out because you give your your, uh Your positions a little bit more breathing room than you used to I absolutely must help with that That's that's interesting because um I mean what you said about you know, either the play is going to work Uh, or if it stops out it never it you know It it will never work And I I've seen that true. I can't think of a I can't think of one exception to that that I mean, I remember there was one that you did twice Um, which was cynics and it uh, this was earlier in the year and it never worked Coach never worked again. I mean no if they don't work that off of that they will they don't work I've definitely I mean it's been seven years, but I would consider myself an expert now I'm reading that first five minute period where I actually have to sometimes hold myself back Or I just hammer it But it's such an instantaneous thing tom that I don't even know like what I see like no, I sense it I sense it when you sense it It's like I can I can feel it. I can feel it through It's like adobe. I mean, I didn't even do this thing. I mean, did you do that? I looked at that. I looked at that Adobe when it had gone Into the previous day's bar I called that trade like I was that was like magical. I should have been in television when I called that trade Where was that here here? But look at this here today. See that was the problem. Look at this I mean, I'm not surprised but anyways 17th. Let's go Did you do it? On my call Did you do it on my call on the 17th? Yeah, the Adobe play. Yeah, did you do it? Yeah, that was good. That was like I remember you said Adobe can't get through radio when I call it That's pretty amazing It wasn't even gapping when I called it actually because it had rally It was already gone. It already filled the gap And this was like an enormous our trade. Wow. Wow. Yeah Did you do it? So you did it you're saying you did it? No, that was the lgb day. That was an lgb All right, okay. I guess I Well, you know, I could you keep saying I could someone could just do all my calls and actually I know every single solid to everything that I call and then because you would be the one with your personality Come back at the end of the month and say I did this I did this I did this I did this And this is a result because you track those things and I have no I don't really track them. I just I just remember I know I could care less because every day get up and have amnesia and I Did I have amnesia? Say that but there are some you remember what I said No, I have amnesia with the trade Right, right, right, right. Yeah, whether they're good or bad. I have amnesia But I'm saying that you you yourself could do everything you've got the buying part of your in your account You could do like every single solid to everything I called including the market by the way Yeah, I I just I just um, this is like crazy. This is the best entry You're ever going to get an adobe for the rest of your life I mean to take a 30 some cents stop and that and have a drop of dollar This is this is a very expensive stock and it's so whippy and it actually just sold off like a banshee My conviction told me this would work But the fact is a gap rating told me it wouldn't but I called the trade based on conviction See, you know the blog that you asked me to write right, right, which I did write on adobe the night before Right, I had adobe initially lower and then higher and it just scrambled my brain when it went higher And then lower no it was the dinner would have flipped like today. I mean look at this here today Look at this And then I do have to get going because you know, it's like 10 minutes past my bedtime, but let me just look Okay, okay farmer girl. I know They have a website out now for girls like you What's it called? Farmersonly.com or all the country girls are I know but do you really think that I need to be associated with that? Do you think that it's actually going to get me viewership by the television show? I know but markets neutral neutral slash bullish for the clothes today All right. Well, this was really really good. We're going to have to absolute 100 to do this again I think this will be helpful for people I appreciate you giving your insights on things that I do not look at But that many creators probably do look at or investors per se Do you have anything else you think you want to add tonight? Well, just the FNSR Friday was Did you do it? Yeah And I was I didn't even have the darn gap and and you had it called it and It was nice 1950 I mean if I make this stuff up. I couldn't make this stuff up. I said 1950 It was a three times Friday. That's it ridiculous mess Ay, ay, ay, ay, these are the trades. I look back and say why didn't I make a million dollars? You always ask me that I'll say this one last thing and I'll let you go What was the one thing you said to me? You said to me, what if you actually get what you want or something like that or what was it you said? Well, why did I say it? No, you said be careful what you wish for you might get what you want But you know what tom? I have wished for things and I've gotten what I wanted. What do you have to say for that? Well, a lot of people do that. It's just most most people tend to enjoy The road to get to what they want rather than actually getting it And okay, so what's your point? Well, that was it. Oh, well in the other thing a lot of people You know will wish for something and then get it and and finds out it is not what they Had expected at all. Yeah, but what does it have to do? Well, I don't know nothing. It was just a it's a No, you were advising me when you saw so I thought Actually the whole the whole the whole the whole phrase goes be careful what you wish for you just might get it That's that's the way. Yeah, but I've gotten it. Well, is it working out? So far Hey, by the way, do you know do you know what I mean when I say that? Now He's some like a towel towel blood or something We'll like put them in blood because I think that you've said the nicest things You've ever said to me in the last 100 years and the next time you argue with me I'm going to resend to you in an email. Everything nice. You said Yeah, but it's all still true. It would all still be true if I mean if I We disagree on something. It doesn't take it doesn't take back any nice things that I said I don't take I don't say things that I would Don't you is when you're saying mean things though. Never said. Well, I shouldn't say never said anything mean is Yeah There are times you Have once or twice before really gotten my iron up But that's because I'm actually forcing you to like I'm in your face I'm in your face about something like take more size. This is ridiculous or whatever that case may be But it's still the same concept. I'm in your face Yeah, you're you're not there's just two things that that trigger First it has to be something I disagree with Anyway, then two I have to be tired and then and then what every once in a while you will be angry and that That's like the magic ingredient It's not just me being nice to you. It's you're being nice and I'm reflecting off your license It's it's but I'm nice a large percentage at the time though What's that? But I'm nice a large percentage at the time um Yeah, I mean We uh, you're you're doing the opposite of we have this cat. We still have them and We rescued him from like certain death 10 years ago What and when we rescued him he was like the nicest cat ever But once he became back to a normal cat because it was needs conveying And when you still have this cat Yeah, okay. All right. So then what? My wife ran over his tail with the car five years ago and his name is now none, but But he's still he's still here. He's with us and it's wait a minute. What is this? We did the you you did the opposite of you You were when you were struggling you were, you know Angrier and more emotional and more careful. Yeah That wasn't always the easiest to have to deal with at this, you know, as a friend with a friend So but now that you are doing well, you've become nicer and nicer and nicer The opposite of the cat is what I'm saying. So what's your point though? You've become nicer and nicer and nicer, but what's your general? Well, it's nothing to do with you and me that at the point the tip for people was you know to Things don't always work out and you don't want to fight a stop because it will fight back You know, and there's always another day. I mean if something doesn't work one day That's a great tip. That's a great tip for traders What you used to tell me and I never listen to you, but it's a great trip It's I mean it's a great tip because the fact is that on and on and on I would I would trade with I didn't like something or if I would fight it I would probably till four o'clock And you always told me you there's always another day But you you know, I'll say that too and and really it's it's it's it's really not be nice to melissa day. I'm just talking I know I told you put those taxes you sent me in a testimonial you keep taxing me. I'm like right a testimonial But you know When you had to you were often a great fighter too. I mean I know I used to call me a warrior. Yep. Yep. Yep. Yep. And actually, you know what the irony is like my broker It's almost like my broker would give me anything I ask for because my broker Like believes that I'm a warrior like my broker see me come back from Tremendous lost days and like almost to the point of insanity like my broker could write a book on me You know, and and that's a great It's a great great to have Yeah, but it's not a good way to live. Oh my god. I was like going insane like thank god I'm not living in that period like I could never go back to that. Please I can never go back to that and what you just said that that is kind of why I don't want to take enormous size No, no, no, you're holding yourself back. You could be making more money. You're not doing it. You're in fear about it I don't know what the issue is. You know, you know, how to trade you have me on your side I'm calling the trades 30% conviction. You're getting from the trades With the size that you could take I'm taking more risks now than you and you have a bigger account than me And I gotta tell you this right now. I'm telling this because I love you You need to consider that there's something in you that's holding yourself back and you're in fear You're in fear of the risk. You're in fear of losing your fear of the market And I'm telling you right now I'm taking more risks than you and I'm making more money these trades than you and I'm taking more risks than you And there's something wrong with that You have a bigger trade in account than me and you have been training with me as long as me and you See the trades I call and you believe in me and I don't know why you're not doing them with more risk That's very well said actually every bit of it is was very very well said I'm saying this is to help you. I'm not saying I'm saying this to help you Because you can quit that job. I kind of like go. I mean I'd like to cut back a day, but I know Yeah, but then But then I'd have to hire three girl assistants here to help me with this Well, whatever. Tom occasionally helps out in the live trading room. I'm doing that tomorrow, right? Yes, you are and Tom is 100 different from me in his actual Speaking and calling to the trades, but he has a great eye For charts because he's been training for a long long time and I will say that Tom Is very conservative in reference to his risk So that is actually a good thing for the trading room. Thank you Tom so much for coming this evening All right Have a good night. Thank you