 you see it now? I do yes very good all right let me know what tell me what you do with this that's the reason I thought I just have a couple minutes I was doing some work here what tell me what you do with this for the option and what I'm doing with it well what did you do with it did you take more did you keep what you had did you obviously you told me that you were still in it yes I I actually had the the 155s and then I were after it pulled back I then decided now take some 160s and the 160s are up the 155s aren't they're still down a bit yeah so you took the 155s just because of the fact that they were cheaper well yes they were cheaper and at that time they weren't too far away anyway yeah obviously obviously we've pulled back quite significantly so that's why I thought I would take the 160s just FYI I've been giving two choices because some people can't afford the higher strike but FYI if you kind of for the higher one do it because obviously the closer one is always better even if it would go into the second one you'd be up more so FYI I'm doing that because some people can't afford to take the other ones that have very small accounts I mean smaller than yours so that's why I'm doing that so FYI it's always better if you can afford to take the one that's closer to the strike even if I give two just for future reference right okay that you're in to is is is is fine so so you did not add to the 155s you took the second strike I took the second strike but I also added as well on the day that you said out yes yes I did take a few more handful handful on Friday to increase the position yes they got to be not that much not that much down for the 155s they got to be not that far away I mean I mean the 155s I'm down 65 dollars at the moment and the other ones you said you were up like 150 bucks no 1200 oh oh that's great yeah I thought you meant 150 dollars yeah I didn't understand your email I was reading that while I was in the car okay so what are you gonna do so how much do you have then of those 160s the ones that are up a lot how many contracts do you have 20 this could be another big trade for you so again what did what have you learned from this what did you learn from this I mean have you learned anything from this or not well well yes I mean you can obviously significantly increase your price if you take it when it's pulled back for a few days no honestly honestly where I took this position huh is it where I took this position it increased it increased my profit phenomenally to the trade on point the day that I called it the day that you tell them you were back in the room or whatever day that was you almost killed it if you had a 50% rule you would have killed it you didn't you didn't really put my point across I was just asking you when I only asked you once if your opinion had changed when it broke yeah I know what that means it's whatever people get worried and afraid because it was going in the wrong direction but there was nothing wrong with the chart so if you need to ask me for it that's a telltale sign that your conviction is waning but I wasn't asking you for it I was asking your opinion you asked my opinion because you were losing conviction just be honest no I wasn't actually it actually did everything that it should be doing and I'm sitting on this and I'm waiting for it to break that low of 160 because that's where I believe it's going it's technically a correction really if you want to look at it that's another bad thing to do everything you want to know it didn't it should have gone the day that I called it quite frankly yes it's gonna work but it's only gonna work because I called it out so far if I had called it shorter in this probably would I mean this would have only the 160s would have what would be working if I only called it out because I called it out for so far so I called it out for so far because I did but even still no this should have gone right away as it didn't the fact that it didn't it just didn't but I never said it did anything wrong but the fact is that you asked me because you almost lost conviction in it whether you want to whether it would have been it or not it doesn't matter I know I hadn't lost conviction in it I did believe it was going down but I just thought that it it wasn't as quick as you would have imagined it to be and I wondered what your thoughts were on that move your gaps show momentum show where it's going yes need further analysis to tell you because you can't really I mean as this happened in one gap you can't really you've got to give it more substance in what it's actually doing because yes it's gapped up but it gapped up didn't it on the Thursday which I think has affected your ability to take profits and also at certain times to not take trades I've called aka Baba because you think it has to do a pullback you have now completely changed the way that you're doing I'm trying to help you know I look at you and that's not why this worked at all this trade I called a week ago this is not what I taught you so you haven't learned anything I I want you to say that you know because the momentum the trend is still down most definitely but it's a question of is it going to perform in the time frame that we wanted to actually perform I did anticipate it moving sooner but obviously I also considered the time that you'd allowed within the option it did allow for this so there's not really a problem and also where I added to it was much better for my price listen I don't want you to start doing that in every trade I told you was okay to do in this one I told you was okay to do in the diamonds but quite frankly you could have now that I know you have a thousand bucks from Friday you could have got out of this into the drop-off from Friday and there would have been nothing wrong with that if you want to chunk it out if you want to build up a bigger account then you got you you will have to chunk it out in some of these trades and when I say you can take more you could do that on those trades now the diamonds you got out I think too early that was fine it was still a nice call but you know this is lower because it is but I'm telling you you could have gotten out of that you could have gotten out of that I could I could I was up a lot more than I am now and actually you could have taken more and gotten out of it well and just one of the 155s you could have you could have you could have taken it you could have not added now just listen to me you could have not added to the 155 just left it and then you could have taken the 160s which I didn't know which ones you had and you could have taken you could have really plopped it on and you could have made two three grand and get out now I'm just giving you ideas here I've had a just it's kind of like you're you you're sprinting some of the days you sprint some of the days you take a rest you take off you don't work out so I'm just giving you some ideas here now I believe this continues but I I don't I don't know where it goes tomorrow morning so when you when you decide to do this now you've got two positions on a lot of money invested in one stock one ticker symbol you're gonna be watching this like a hawk every second that it trains from now until the time you're out of it I know you but I'm just saying I'm giving you you could have done what I just said before I didn't know you you had two different strikes but you know that's an idea I do think that this warrants take you more I said it you could have added I wished it would have gone immediately it didn't sometimes I do sometimes they don't either way the trade is good but I still haven't heard you say anything yet though that I want you to learn from this so you start to do better without me directing you here every second you know go ahead the one thing that that I found good is that confirmation on Friday that was really good I mean the power behind that bar it was just straight down I mean not just that there's a good story behind it as well isn't there which I didn't know there was gonna be a Facebook breach like 50 million users on Friday I have no idea about that and I called the trade on Monday yes well that's beside the buy whatever it is that's caused it to do what it's doing but it just was setting itself up you could see on Thursday it was setting it's at the close of the day it was looking like it was going to fall on the Friday and it did you're you're still you're still not focusing enough on gaps I still I gotta tell you gotta go back to the basics you're still focusing on things that I think are you're saying on many other things and I think that that has become problematic for you and I'm trying to get you back to the basics because when the simple the more simplified you can make it the more focus you can make it it'll it'll be easier for you because just listen if you have 10 things you gotta look at then and they and they don't all match up some do some don't you're confused if you have one thing to look at and he tells you everything is good in that one thing you're like okay fine everything's great and then it's less stressful to do it and that's I guess that's the point I'm trying to make it's the only thing that I look at is the gap and you're looking at all of these other things and I think that is what's creating all of this over-analyzation in your mind and also where you're changing your mind all the time now let's so okay so where are you gonna get out of this it's the next question here I want to ask you quick tonight we get now well first and foremost below 160 I believe it's going below 160 and I would think I'm probably looking at maybe it could be it could drop until midweek which could take it a lot further than 160 but I mean if it breaks 160 I mean I'm looking at my chart I would be saying it could it could go well first target 154 and if it goes further than that it could go to 149 but that's just a number on a chart so you know it might not get that get that far so if it goes to 150 where how much money would you make in all this whole thing combined I don't know I haven't 10 points on to what you're up at 10 points on so at 10 points on to 20 contracts you'd make 20 grand but you'd make around 20 grand is that right that would be very nice well 20 contracts 2000 times 10 points is 20 grand right I mean I always find it a bit of a speculative thing you know when you're trying to calculate option prices because half day options class going to do December but I mean just without even determining say there's no there's no additional pricing in there at all 10 points 10 points through the number that is going to be times the amount so the point is it'll be around 20 grand give or take so at least so based on that what would you do then would you get back on track with things or would you start to think every trade is going to be John Mungo I mean that was good did you do Tesla did you do the Tesla trade yeah I was that was way way too too much I wasn't I mean it opened the price that it was on the on the screen before it opened yes was a good figure but as soon as the price opened no it just it was just too expensive I did but you've got to be a little bit realistic in what you're doing that that's fine that's fine that's fine do you make 20 grand in this that would be great I just just you just have to you're still I don't I still don't think that anything that I'm saying is getting across to you I'm helping guide you in these to make wait it is it is I don't talk about something else I forget that you said that was totally nuts you're you're still not focused on the right information I'm guiding you do this do this do that and that's fine yes I can see that Melissa I can see that and I do I can see what you what you see in a gap but there are other things as well that coming to play that are significant that as an addition no I'm telling you there aren't I'm telling you there aren't well I'm telling you that there aren't I'm telling you that things that are nothing is not significant and that's why that's why you need to focus on that you think that otherwise you think otherwise because out of a hundred trades a hundred don't win but that's not reality and that's why when there's a really good one you can you can make more of it but it doesn't mean you do this with everyone okay this could go to a huge target yes that's true but don't expect every single one to the diamonds traded to but again don't expect every single one to tassel either that could go to the target to but don't expect every single one to we are getting into earnings season there will be some will be quick ones there'll be some that'll be non-quick ones but you know it's just you know I just I think you're gonna get 20 grand in this trade I'm glad you have the size in it but the point is though that if you start to make that kind of money in these trades you have to get back on track and it's it's it's it's not just the money things and you really I think are looking at things and charts you shouldn't be looking at and I pretty much said that all year I pretty much said that all year I pretty much said that all year when you were in the room every day I said that all year and that's why I just gave you an F about saying the pullbacks again I mean it's just like Howard was in the room and he was talking about going over the pivot he said well this is going over the pivot I don't know if you were there that day and I said well yeah I was but but you see certain certain pivots can mean different things and it depends on which pivot you're actually looking at but you know it depends on what you're familiar with trading and what sort of things you are your eyes trained to see you see your eyes to see gaps and that's the point I'm trying to make you would do better if you would be more like me and only focus on that and because you're focusing on so many things and then the money issues are coming up as well it gets to be a big bubble and you know you're you're doing good now the last couple of weeks stay on pace here this is a potential to be a big trade I don't think 150 is crazy in the time that you've got left in this I don't think it at all but you know either way you haven't said anything tonight that's totally that you've learned anything and I'm taking the time to make these little videos and then I'm posting them to help other people too but I mean I can't I can't do this for the for the rest of my life you have to learn something from these conversations and tonight I don't know what you learned I don't think you learned anything well I have yes I have I mean obviously it's the gaps and the gaps that you react to and you'll see the potential in the trades and that's why you call the options on the the gap moving the stock and what's the potential in this trade why why why do you think that I might happen to agree with you about the number that I could go to in the time what do you think why well there are several other gaps that you would look at that haven't been actually closed you could say or overridden get up at 180 or well 175 that area but what does that have to do with it going to 150 well I'm looking at why do you think this could go to 150 that's what I'm asking you why do you think that that's realistic and not insane well I'm looking at several numbers that you don't you don't really regard but if my crosshairs you see you see one that 150 is the actual low of the 26th of March 18 so that's the number that I'm looking at for it to break yeah but I mean why do you think it's why do you think that it could go there I mean I know all these numbers on the truck is a bazillion why do you think though it could go there in this timeframe that you're going to trade conceptually here well why explain it to me well it's just the state of the chart the way the chart actually looks the way the way this the stock has been moving has been steadily moving down climbing back again and then dropping again so when you look at that and you look at the movement that it's been making that is the area when you take it down that is more of a potential bit ahead I know but just explain you were talking to a bum on the street in New York why do you think it's gonna go 150 I'm serious I know you are but I'm trying to explain and I look at other things that give me other numbers such as Fibonacci that you don't like because it confuses you but I first of all the street doesn't know what a Fibonacci is and the market moves as we all know the market moves and it hits Fibonacci numbers and it can react around those numbers yes it reacts to Elliot wave so they have no meaning no meaning no meaning no meaning no meaning no meaning right right okay then well would you like to I want you to talk to a bum on the street and I want you to tell him why you think the stock is gonna drop 14 15 points in the next two weeks well even I mean just looking at that big the big gap down that we had what was that just in August we haven't climbed over that we still look weak if you want to look at it in that sense but at the same time I'm looking at looking at other numbers as well to give me that target he doesn't know what you're talking about he's like how do you know Facebook is gonna drop 15 points it could very well rally up 15 points I could name numbers like 180 182 178 175 I could name numbers above the price it would say it could rally the bum in the street is single how do you know it's gonna go down 15 points if you go up 15 points Philip you tell me you tell me I want you to tell it to the bum on the street I'm trying to tell it to the bum on the street you want to talk to the bum on the street about Fibonacci but he doesn't have a laptop with a Fibonacci number on his chart so he is just sitting there and he's trying to decide if he has his last dollar if he should short the stock or buy the stock well well you could say that by Friday you know we they happen to lose her well you know give access to 50 million users accounts on Facebook which is a pretty strong sell isn't it pretty good so selling so what happened and what happened well we had a big selling day strong selling so I mean if you're looking at if you're looking at it from a candle point of view I mean it's slight gap down but I mean not just that it was Thursday's bar Thursday Thursday closed and in fact Wednesday the same climbed fell back yeah but Wednesday the third day it gapped up it gapped up from Wednesday it did selling off again it's selling back again isn't it then of course Friday well Friday confirmed it it got down slightly till we're taking it down which close the end of the close of the day very negative so you're talking about most he's saying hmm so you're so you