 Hi! Hey, how are you? Okay, thank you as far as it goes. Well, you don't sound like you're in a bad mood, but now I realize why you're in a bad mood. I can totally tell when you get negative like yesterday, but I didn't know why. And no, I didn't, I did not get that whatever time you emailed me Friday. I just assumed, obviously incorrectly, that you got out of everything. And by the way, you missed a great second trade here I called in GE that's going and you signed out right away and you could have done it. This is good. This is good. It's working. It's near the low. What's that? GE? GE. I called this in the room this morning and it looks great. I mean, this is, I mean, so I'm watching this here while I'm with you here now, but you're, as soon as the first trade, if it doesn't work, you just sign right out. Well, the problem I've got is that I'm trading so small now that it's, you know, I take a loss. You called the spy, the spy was out in my price range anyway. So then, well, then why did you sign out? Then you could have done GE. Then you could have done it. Well, yes, there was nothing really stood out that I just thought there's no point me being, I thought I might as well concentrate on the options, which is what I did. But like you say, I mean, I should have been out, I should have been out for my last week. I mean, I out of some of the trades though, Friday, yes or no, you can get out of anything or what? Yes, I took 50% off the table. 50% of every trade or what? By cutting what I said to you, I'm 8,000. Yeah. I've cut 50% of that basically. So you got, you had all the trades still on Qs. Well Qs, you could have got out then up today. I mean, then you had the Qs on, were you in everything or what? The Qs was the only one that I didn't take. I took the spy. I got out of that a little too soon. Okay. The same with Google, I took that a little bit too soon. Okay. But then again, it was profit and I let Netflix run. And that was the problem. I shouldn't have let it run. I did think that it would open and it would continue on Monday morning, then turn back. It didn't. It opened and it felt like a break. Right. But I gave a lecture on that. And again, you weren't there. You signed out. Look at the chart of Netflix and tell me what you did wrong first. Besides the fact that you're up a million dollars and you didn't get out. Well, that's the obvious thing. Yeah. I mean, I should have taken the money and gone to the bank with it definitely on the Friday. And not bothered with the following day, but I did think it was going. That's why I left it. Yeah, that's fine. That's fine. It gapped up Monday morning. Into the open Monday morning when you watched it. What were you up? Well, yes, it did. Yes. I probably will have been up a little bit, but it wouldn't have been up very long. But I've had that before. We had that in Google once where the stock gapped up on earnings and it was very good. It didn't reflect it in the option and it collapsed. This was a very similar situation. Okay. All right. I want to get to a point I'm trying to make here, though. Okay. Then we go back to Friday where you have plenty of time to think. I'm looking at Friday. Well, how much money were you up between after three, three o'clock, three o'clock Friday, you're sitting there, you're like, you're emailing me. What were you up in this tree? About 3,000. Okay. So in your mind, how much had you risked for that? How much did you take in it? I'd rather not say. No, just, I mean, come on, I'm trying to help you here. 1,000, 2,000, 3,000. You are recording this. I know, but I mean, this is, you've got to be accountable for stuff that you're doing and it does help you because you can listen to it back. So what did you risk? I don't know if you're trying to make a point. You risked a lot or risked a little. Yeah, I did. Yeah, I risked 3,000. Oh, you risked 3,000. So you were up 100%. So in your mind, what were you trying to get out of it? So if you had flipped it around, one, what were you trying to get out of it? You see, I'm not looking at this in monetary terms, which is the problem. You see, I know this is our conversations previously. I know, but it's not sinking in with you. Okay, go ahead. I'm looking at the chart. The chart looks great. It is going to go like the dickens, but I mean, you still can't predict everything. Not Monday's bar off. And you look at the run up, the way it ran up those three, on those three green bars, it pulled back slightly. It was off again. I did think that we would have a slight pullback on Monday, not as much as we did. And then continue. I don't know what you're talking about about pullbacks. If the stock opened gapping up, if it would pull back, it would look like this now. So if you were thinking it was going to do that, I don't know why you didn't get out. I don't know why you didn't get out Friday or right away Monday. If you really thought that there was nowhere to go to pull back, except for where it is. This is the smallest baby is pulled back. It could be doing, by the way, which just proves how strong the stock is. But if somebody's going to pull back, it's not going to, if this would have held, it wouldn't have pulled back. So, first of all, stop trying to predict pullbacks, play what's happening. If you're seeing this and you're seeing, forget about the money for a second, although I want to go back to that. If you're seeing, this is what I talked about in the room. Pull up the one minute chart of Netflix from yesterday. Just pull it up. Look at it. I'm not going to even show you mine. Just look at it. Netflix. The one minute chart into the open yesterday, Netflix 312. Yeah. Into the open. Yes. Okay. So, so saying you were a day trader and you were day trading Netflix, what would you have wanted to go along right there? No. Okay. So based on that, you would have, you would say you were in it long, which you were, you would have seen that, you would have said, you would have said something to yourself. You had time to get out of that, not with $3,000 probably, but 2,700, 2,500, 2,600, 2,400, 2,800, whatever it was, you, you had time to look, watch a trade, get an order out, get filled with profit before it fell off a cliff really quick when you were, when it was there. And if you're, if you go, if you, I said this in the room in the morning and you missed it, if you are in something and it goes in your favor, in your favor overnight, I don't care if it's the market, I don't care if it's Netflix, Google, Amazon, anything, anything that's going in your favor, if it's, if it's a short, if it's a long, if it's whatever, if it's in your, it's going into your favor in the gap, where you run more money into the open, you better watch that sucker into the open to see if it's setting up that day as a trade you take as a new trade, because if it's not, then it could do something that tells you you got to get out of it. And Netflix clearly told you in the first 15 minutes of the day, and definitely in the first 30 minutes, and really even the first five, that really you should have gotten out of it, that was okay to hold it, it was actually okay to hold it, because it still could have gone up in the market, went up yesterday, but I'm telling you then, you got to watch it, and that's what you did wrong. I really don't even have a problem with you holding it, because Netflix is so strong. But the point is though that you didn't watch it, and you do this all the time, and you say to hell with it, to hell with everything, I may as well lose all my games and lose it all, and that's what you did. I don't say that. Well then why do you get out? Why do you get out? But to answer your question, yes, I, I wasn't watching the chart. Unfortunately, and this has happened previously, I've been looking at the day trades, and to be quite honest, I'm just thinking of stopping the day trades, because they are, they're cutting into my concentration. That's not true. That's an excuse. That's an excuse. The only reason you want to stop, it is an excuse. You, the only reason you want to do that is because you're not happy with the size you're taking with the day trading. That's the only reason you want to stop doing it, and if you would be booking these prop, you are not in that many options that you should be, this should be taking away from what you're doing. You're, I'm not calling that many. I don't know what you're doing on your own, but you should not have any point of taking away from day trading from doing the options. It's supposed to make you more money by doing both. You should not and will not have to watch all of these trades every single day. I'm not calling that many, but if you're in something, then you got to watch it if you see you're up a lot, but that's not every day. It's not even two days a week, unless you ran all kinds of things that you've been told me, which I don't think you are, but God only knows you should not need to even watch those, but something like this you would have needed to because it was up, up, up, just like if you had been in Amazon. If you had been in Amazon, which I'll pull up here and look at that one. Actually, can you see my charts here? I don't know if I said it. You can see it. No, I can't see all charts now. All right, hold on here. Yeah, but it's the problem. The problem is you're making excuses about the day trading because you're trading small size. Yes, I know you. I know you. Stop. I know you. There was something if it's not big size, but this just goes to show you you're trading big size. You risk three grand in Netflix, which is big size, and you still can't manage it right. So what does it have to do with anything? If you were six grand in this, you wouldn't have managed it right. You have to correct this problem. You must correct this problem. 2018, this is your year. You have to correct it. I'm not sure though what it's going to take you to correct it, but I know one thing. When this started dropping, I wouldn't answer why you didn't get out of it. With money, why? As you say, I wasn't watching it. You weren't watching it at all? I wasn't watching it. No, I should have seen it. And yes, in hindsight, looking at it now, I should have gone out of it. What did you mean, 10.15? You weren't watching it? 10.30? You weren't watching it? You didn't look at this at all yesterday until the middle of the afternoon. Is that what you're saying? No, no, no, no. No, I'll rephrase that. I've got it on another screen at the day trade platform on the other screen. So you see where it goes on the daily bar, but I didn't, and obviously a lot of the time, these things close, the gaps actually close, and then it continues. It sits on support and then off it goes again. Yes, and that could very well do that. That could very well do it, but you're running out of days, and you're running out of days and you're up a lot. Oh, no. That's the problem. Yes, I made the big mistake. I should have been out on Friday. I realized that I like a weak in hand because it gets to today and the price just collapses. There's nothing there. You know, it moves so quick. You still didn't answer my question why you didn't look at the trade until yesterday afternoon. Well, I did, but I didn't think it was going to come back so far. But it doesn't matter if you are looking at it and you're, now this is, you've got to have rules. I tell you when you're up three grand and all of a sudden you're up 1500, you better get out. So you can't let 100% of your gains, 100% of your, but you can't let your gains get away from you. This is what I'm saying. Like if you have to watch even your gains, you can't let all of your gains go, first of all, you can't let your gains run into complete losses. And second of all, you can't let all of your gains go away. If you didn't watch this in the first five minutes or the first half an hour because you were day trading fine, when you, you have to check your positions. If you don't, you can check them every day at 10 o'clock, that's fine. But even a 10 o'clock of you would check this. I don't think it would have been, it wouldn't have been completely flipped around. You would have been able to get out of this with something. And, and then it really fell hard obviously after lunch. But the point was you still have to check it. You have to check it. It's not that you have to do everything in the world with it. You have to have it somewhere and check it somewhere between 930 and 1015, 1030. You got to look at your positions. If you have positions on and you have to look at them and you can't let all of your gains get away from you. You know, I don't have a problem with you holding this into Monday. The chart looked great. No one could have predicted that there would have been whatever news that came out or somebody talking on some channel, whatever. But when you watch it and you see it starts to fall away from you, then you got to throw in order out. And I just don't believe that you didn't look at this at all yesterday. I believe you looked at it and saw it down from where you were up. And I believe you thought, well, you just said that it was going to come in and hold somewhere. And then as it kept going and going and going and going, I know you and you say to hell with it. So what did you end up doing with it? No, I don't say to hell with it. What did you do with it? The money does matter to me. It should matter to you. The money should matter to you. This is what I'm saying. That's what I just said. The money does matter to me. Oh, okay. It does. All right. Good. What did you do? It does matter. It matters incredibly to me. And what did you do? In fact, it's becoming more so mattering to me. But at the same time, you have to point to balance what you're actually seeing on the chart and what that's telling you the next move is going to be. No, this is where you're going like crazy town. When I call the trade and you look at the trade and you see it and you say, yeah, boom, this is a good one. And you take it. Then you have it on. You decide if you're going to kill it. If it's down half, you decide if you're going to run it out. Say it goes up immediately. You're up right away. So it takes a day, whatever. Then it goes. Then you're up. You have to have parameters because even though I'm predicting it's going to go here and they go, you still can't predict where it's going to go every second that it's breathing. Is this still going to continue higher? The answer is yes. But for whatever reason, yesterday after it gapped up, even though the market held this fell. And so you have to have parameters where at some point the money does have to come into the equation. And that's where you're not putting the pieces of the puzzle together. After the trade is on, you got to know, and you should know before you take the trade actually, where are you going to get out? And you're looking at the chart. Two days up. Move's two days. Okay. It had the second day up in the gap. That was it. Yeah. I mean, that Friday was the day. That was it. No, that wasn't even it. This has been up for 7,000 days. I don't even know what you mean, two days up. This moved. This has been moving, moving, moving, moving, moving. I mean, not every trade that I call is going to be a five-day move. I mean, I realize that. But I mean, after a slight retrace, which is what it did with that one small red bar, and then the large green bar on the Friday, I expected more of a move. Why? Why? Why did you expect that? Why? Look at the chart. Why? Amazon is a classic example. I had two contracts in Amazon, and I took it. The target that you said, 160. My target was 170, was 1574. You mean 1560. I'm giving you all the targets. I didn't say it wasn't going to go past there for one. I gave that as the first target. The fact that you chose to go out is fine. You were up money, but that was the first target. I never said it wasn't going to go past there at all. You're not consistent. Take every trade out of the first target. Take every trade out when you're up. Take every trade that becomes back in your down half. Hold every trade at the dream target. Pick a side. Get in a lane. You're doing everything different, and your results all over the place, and it is painful to see you be up this kind of money and to knock it out. I really thought you got out. I swear to God I thought you got out. I mean, I don't even know why I'm surprised. How did you get out of this thing? You got out of it with a loss, I bet, didn't you? When you saw this yesterday, and it started depleting itself, why didn't you just throw an order out and say, oh my God, 500 bucks. I'll take it. Anything. Anything. Why didn't you do that? Because different options on the different times erode at a different rate. This eroded faster than what I anticipated. Hence, I took a partial loss in it, which obviously I didn't have done. Okay, that still didn't answer my question. When you saw this was down, down, down, falling, falling, falling on the chart in the options train, and you were up three grand, and then you weren't, why didn't you throw an order out to get out with profit? That's a good question. I mean, these are the things that you got to get your head on straight about. Like, if these are split second decisions that sometimes you got to make, because if you don't happen to be watching it, and then you go and you see this green pop up, they say, oh my gosh, crap. I'm only up 700 bucks in this now. What's going on? Quick. I'll look at the chart. Oh my gosh, it's 50% retrace yesterday's green bar. The market is red, and it's not going higher yet today. I don't know what's going to happen. I can't let this whole thing go against me. I don't want to take a $3,000 loss in this. I'm going to get out with something. If it sets up again, I'll retake it. That's what should be going through your head. Maybe not in 30 seconds, but at least in a minute or two or five, because these can move so quick. As fast as they can go up, they can go down. Yeah, they can. Definitely. I just, yes, I should have looked at it in a different way. I thought that it would pull back a little bit and then go off again. It did. It is going to. That's exactly what's going to happen, but you have the option only on your part. It will be just to see what happens from now and whether it breaks over that high again from now. I don't think that's going to happen this week. It's Tuesday. No, I don't think it's going to happen. I think it could be a little longer than a week before it goes over. I think we could be coming back further. It doesn't even matter. The train right now is done and it will be trained. It was done after Friday. It was done. That was it. Friday. No, you could have got out of it Monday morning. You could have got out of it Monday morning. Yes, yes, I could have got out of it Monday morning. It could have gone higher Monday. You could have. You don't know because the market didn't. This didn't. But trust me, if the market had, this would have too. So, you know, you don't know. Somebody says something on TV. Some news happens. That is something you can't predict. But the charts telling you that it had a good move. It had the pop. It broke out. It's going to continue higher, but you can't predict when and stop predicting pullbacks. Anyways, I told you that. I think that you've been doing better overall, taking profits this year. But this one here, I, you know, it seems to be, and this is why it's, you know, I just know you. It's, you want to say, well, I'll, I'd do better if I had bigger size, but you proven that you don't. I think that if, you know, the Zen trader, I talked to her, she's taking, she's doing great because she's doing one contract and every one. I mean, I almost think you'd be better if you had less size. I mean, you know, I'd like to see you make, you know, three grand on a three grand trade or whatever, but I don't want to see you lose three grand when you're up three grand because you really lost six. You lost six grand because you risked three and you were up three, you lost $6,000. And when you think of it like that, because that was reality. You had $3,000 and you put $3,000 on. You really lost $6,000. And when you're up money like that, that's how you have to look at it. You have to say, Oh my gosh, this is $6,000. Anytime you're in these options trades, if you risk four and you're up four, guess what? You're really, you could, you could lose eight. The four that you're up and the four that you have risked and you've done that before and you just did it now. You're just looking and you're saying, Oh, that's a hundred percent. Actually, a hundred percent is great, but either way, even, even, even in the day trades, I'm telling you the way that you have to think about risk is like really, you're really risking what you risk plus what you're up if you don't get out. And then you say, wow, $6,000. I would like $6,000 because right now, today, if you added $6,000 to your account, that's actually what you have in your account. If I don't know if you took the full loss in this, but I'm saying that's what it amounts to. You would have $6,000 more cash, the money that you put on is the risk. And then the profit that you were up, you could add $6,000 onto that account and you'd be happier. You'd be in a better mood right now today if you had $6,000 more in there. And you, that was real. You're telling me I would. Well, I know. That's what I'm saying. You have to, you're just looking at, you're saying, Oh, it's only $3,000. No, it's really cents. There's not only $3,000. It is $3,000. Exactly. It's not only anything, you know. It is value. There is value in it. No, I didn't take the full loss, by the way. All right. Well, then that's, I got out before it went. I mean, it could have tanked, it could have continued. And I do, like I say, I do wonder how far it's going to go, which way now as well. No, don't wonder. Don't care. It doesn't matter. There's no, there's no new trade in here. Just let it be. You do this to yourself too. Then you second guess the decisions that you made, or you'll jump back into this thing right here. I don't see anything right now with this. Let this be. The market is red right now today. I didn't expect that, but who knows. Wait, I mean, you know, sometimes you just, it's okay not to be doing a trade. You're wanting to be so active in these options. The danger is the active things. No, no, I'm specific. Please don't, don't misunderstand me. I, I am very specific in the trades that I take, even on your trades and hence the ones that I have taken and the ones I haven't at certain times, there is a reason for that, which is why you pressed me in your webinar the other night as to why I can't explain it in something like that. But there was a reason behind it. And it's because of the time that we're in at the moment. It's a very unstable time. Hence you get the moves that you get. But that's good. That's good to make money, but you still have to capture the gains when you're up. And you still have to capture the games when you're up. And I think one of the biggest challenges for you is that you're not consistent. I've said it all along and I think that you're still trying to change this big dream trade out of nowhere. If you made, if you made 100% on every trade that you took, which I'm calling a lot of good trades, I mean, some of them aren't working, but a lot of them are. And a lot of them are going 100% and a lot of them are going more. If you would manage to book 100% turn around on all the ones that I've called and even risk three grand, you, I mean, you would be doing a phenomenal. So you're just not consistent with what you're doing. And I just don't know which side of the fence to tell you to be on, but I know you got to pick a side and then you have to stick with it and you can't be upset. If you get out quick, if Amazon goes 100 points over and if you hold it and it falls like Netflix and he can't be upset too. Because see, if you had held Amazon, it wouldn't have mattered if Netflix went bust. If you had got out of Amazon quick and Netflix on the day, then you would have been fine too. Do you see how you did the opposite of both and pick the wrong ones, which inevitably happens when you're not consistent? I know. It's quite ironic. I was whole. I've been holding Facebook and Netflix. I sold out the spy options and I sold out Amazon and I sold out Google. Yeah. I don't know what's going to happen when this has to do with the market. The ones that did go is Facebook. I took half a loss on Facebook as well. That's okay. That's okay. Because if this doesn't work out, which I still remains to be seen, it's still code. But if it doesn't, it will set up again. So that's fine. But again, the consistency. Boom, boom, boom, boom, boom, boom. You have to be consistent with it. Where are you getting out? You're not consistent with your egg sets. You're awesome. I try to be consistent, but obviously in this situation. I thought that you were. I thought you were doing better with it because she looks really good. I thought you were doing better with it, but now you went off the rails. You went off the rails and I know why you went off the rails because I've been talking about Netflix. It's so, so strong. It's one of the strongest things in the market and you went off the rails because it only had one day and you thought it would keep going and you also went off the rails because you risked three grand. You risked three grand and then all of a sudden you're like, oh my God, I'm going to make 10 grand on this one train. I know. No, I was looking at the chart. It only moved. I mean, I can't remember which day we took it. I think it might have been. I called it on Thursday. I was it on the Thursday. Right. I think I took it and I think I must have taken it at the highest point of the day. So obviously it pulls in. And this was another reason why I haven't straight away being cutting them back because you can get in at a bad price and then you can find they pulls back within to your price. But that's okay. You still should only risk what you're willing to lose. So you cut it 50% on the first day and then it goes on the second day. So you can see my problem. It all depends as well on where you are with that. Here, it doesn't matter. You have to take a risk that you're more comfortable with then. You give yourself some wiggle room. You're giving yourself no wiggle room. I'm looking at this Netflix chart and although you're right, it could have continued for three days after. I don't see that that would have necessarily happened. You didn't email me what to do with this. I assumed you got out. I think everyone did but two people and you. The point is though that I don't know where you're getting from this chart that this would have had another three, four, five, six day run. I mean, I'm just telling them where you're getting it. It ran up three days. Then it came in for two. Then it popped. I mean, just the nature of the chart, it's slowly climbing, slowly pulling back and taking off again. This, these last two, the Friday and today, it's pulled back more than it has done in the whole move up from the ninth. I know, but what does this have to do with anything? I'm still looking at it and I'm saying take away today and yesterday. I don't know where it would have seen that necessarily that this would have gone higher. There would have been no way to really say that other than the market lifting it, which didn't really happen yesterday or today. I'm saying that this stock had a big move, a big move in the first week of March. And then it really didn't pull back at all. It rested, it rested and it popped. So I mean, when you look at something like this, you say Amazon doesn't look anything like this, by the way. Amazon doesn't look anything like this whatsoever. I'll tell you exactly what Amazon's done. Amazon had a move weighing back in the middle of February, then it rested, rested, rested, rested, and it rested in a gapped up every day. I mean, a slow crime. And then it had a nice steady, easy move. This really hasn't had a monster move. If you look at it overall, it hasn't been monstrous. I mean, if you look at the numbers it is, but really on the days, on the live days in the trading, it hasn't been monstrous. This might have continued today if it wouldn't have been for the market, but who knows? But really, this is not the same kind of look of a chart as Netflix. Netflix has had nice smooth, solid green bar days with moves. Amazon really hasn't. It's kind of made some really weird moves in the gaps, but it's still been very profitable if you've traded it right. The fact that you didn't hold it was fine, but again, you weren't consistent. You got out of that quick and held the other one. Get out of both of them quick when you're up or hold them both. Either way, if you had done that, you would have been fine with one of these, but say you had done this, say you had been in it, say you had been up in this here today and the strike was 1550, you'd still be up now, 40 points through the strike, say you were still in the trade. If you see this drop today, would you stay with it and say, oh, it's going to turn around, it's going to go back? No, it expires Friday. You see something's not working. You see it's not buying through. You see it up a lot of money. You see it's over the strike, which Netflix was too, even yesterday morning. You have to at some point use good money management and make a decision and watch what's happened on the live day and decide to get out. You have a problem with exiting trades. It's been your problem for the last two years or longer and it's nothing to do with your day trading. You're making that as an excuse. There's nothing to do with that. You want to focus on this because you think you can make a crap load of money doing it. And I'm not saying that you can't, but if you mismanage them, then you can lose. So really the day trading is like chunk of chunk of chunk of it. If you could build that day trading account up and still do this, you'd be great. And I think your eye is more trainable when you're looking at that because if you had looked at these trades, like they were day trades, you would have known exactly what to do because that's what I would have done, but you didn't look at them like that. I taught you how to read the one minute chart. And if you would be looking at these options trades when you're up a crap load of money into the open, you look at it the way I taught you how to read it and you know how to do it and you would say, uh, get out and you would just take it and you would take the gains out or you would get out with a loss if you saw it doing something too. Yes. Yes. You are right with that. Yes. That day trading keeps your eye sharp. But I do think, yes, you could make a crap load of money doing options. Yes. What did you say? I do believe you can make more money doing the options, definitely. The day trades, the time and effort is far more. It's not really more. It's just in the, it's just in the, it's just in portrayed you're looking at it. Yeah, but there's too many variables out there in the day trading platform works. You get hit into the right price. I mean, most of the time my fingers sit on my screen and I can hit the key on time and it just doesn't, doesn't film it. Well, that I don't know. Point to an option. Yes. You get a point to an option and you're in it and that you, the way you go for the run. And it's not a precise, is it? No, you're just looking at yourself where you're, you're saying if you take five, five day trades equal sometimes what one good option is, but it's all the same thing because you don't get options every day. You don't get options every day and you'd have to risk an absurd amount in every option to be able to have this work out for you as enough as the only thing that you did. And you're not at that point yet. And you're really not at that point because your money management just isn't there anyways, but your eyes stay sharp with the day trading. It's just stretched out. You're doing more trades. You may not make $3,000 in a day trade, but the only reason is because you're not risking $1,000, $1,500 in the trades. The good trades I've called, you could have remade some of that in that. You're not doing it because you're not risking $3,000 and you're not risking $1,500 and you're not because you can't. You have to get that account filled up and when you shine out of the room, two minutes into the day or five minutes into the day and I call a great trading GE, you're not, I mean, you're not going to get anything. You're going to miss lectures. You're going to miss trades if I call a trade, which this was and is, and this is, this looks great. I think it's going to break below. Anyways, the point is though that I don't, I don't, I need you to start doing better with your money management. And that's why I said, I take a couple of minutes to talk to you today and we, we talked now for half an hour, but I really, really, really, really, really need you to start focusing on what's happening with the price action. When you're up a lot in these, you're thinking the chart and the day chart and you're looking at it, but you've got to combine everything together. Money management, day chart, what's happening with the market? What's the one minute chart doing into the open? Is the gapping up, is it holding it or is it collapsing? You know, I mean, you really lost six grand or whatever, whatever it was. If you look at it that way, I know you said you didn't took a full loss, but it really, it's a hundred percent flip around the profit plus the loss. And that's really how you have to look at it because that, that's, that's the money you put on. You invested in a trade that you don't have now anymore. Do you know what I'm saying? Plus the gains. I do. Yes, I do. I mean, yes, looking at Netflix at 10 o'clock, it turned. Well, it was after 10, actually. It was what time will that be? You were still here to start. Yeah, 1006. Yeah. It turned, it turned and then fell again. So it rose back to 10 and then collapsed. You can't tell me looking at that one minute chart. There's anything there that looks like that was going to hold. I looked at it in the room. We talked about it. You missed the lecture. I'm going to go back and look at it. I mean, pull it up. There's everything I taught you was right in there that would have said, you would have never gone long that. I mean, literally. No, I wouldn't have gone long it. I'm not looking again. I'm looking at what's telling you that that's going to continue. Yes, it bounced. It dropped at 9.54. It bottomed out. Then it took off again and it's turned six minutes past 10. Then it continued on the downward trend for that day. No, no, no, no. This was kaputzi. Really? If I had been watching this and again, it's so hard to go back. I didn't watch this on the open. I probably would have said sell it right now after 9.30. Right. And if not, I would have said for sure by 9.32. Right. You're trying to rationalize looking at this and then the bigger picture in the chart. But you read this wrong. I got to be honest with you for the day chart, this stock has had a move, move, move. It rested. It did not pull back for two days last week, Wednesday, Thursday. And then it popped. It popped. It was more like a pop than a rally. Then it just popped like a bubble that burst. It was like a lucky trade. I mean, the stock was higher, but it really popped. And that's where you got that balloon effect of the option chain, which makes it be worse so much so quick. You get up in the morning, you were down, and all of a sudden, woo! It's running, running, running, running, running to the moon. And everyone's thinking what you're thinking. It's going to go to 350. It's going to go to 400. I think somebody in the room said 400. I mean, everyone thinks that then. That's why then the option chain goes woo! What you do when it closed the way it closed, and then you think, oh, right, it gaps open again. And you think, oh, it's going again. And it's just pulling back. You wouldn't have thought that after if you would have watched the one-minute chart. You wouldn't have thought that if you watched the one-minute chart. Number one, and number two, if you have money management, not knowing how you go into the weekend with one week left and not knowing the market and what it's going to do, which I think could happen. Not knowing that, you have to say common sense rules the day. I'm of $3,000. I'm going to get out. I'm at $5,000 for the day. I'm going to take it all. I'm going to be happy. I'm going to have an amazing weekend. I'm going to say one more thing to you and then I'll let you go. One of the things that I thought about this today, and I wanted to tell you this, which I'm glad I thought we're talking today because I didn't think of this last night, this isn't fun for you anymore. You've lost the funness about it. You used to love to trade. You used to love to read charts. You used to love to do it somewhere along the way. This isn't fun for you anymore. And you got to get it back. Doing TV right now for me is so much fun. I absolutely love it. When you're doing something that it's fun, it makes it so much better. And you used to love to trade, read charts, make money, do all the things. Somewhere along the way, this has become a big stress ball for you. So now even when you're up, it's stressful because you don't know what to do. And you're trying to make a decision. The fun has gone out of this for you and you got to get the fun back. If you can find a way to make trading fun for yourself again, which I think it is fun. And I think you still think it's fun too in some part inside of you, but it's like the fun part has gone away so that even when something amazing happens, it's like not enough now for you because really Friday was an amazing day for you. And then you didn't capitalize on it. You didn't lock it in. You didn't lock it down. Yes, it is. It's fun making the money. It's fun booking the money. It's funny if you get out. Providing you book the money. Rather than trying to pick a target, think where it's going and folding as well. You're making money stressful now. When you're up, you stress out. You stress out more when you're up than someone that I've seen that loses. That's what I'm saying. You stressed out. I'm sure at some point on Friday, you sat for an hour or half an hour or thought about getting out, emailed me, tried to look at the chart. We're trying to predict where we go. And you didn't know what to do. And then you end up holding it and you thought you made the right decision. But the fun part was making the money. The fun part was taking the trade and having it be down on Thursday and all of a sudden be up so much. The fun part is saying, oh my gosh, can you believe this works so great? What amazing. The fun part is risking three grand and making three grand. The fun part is looking at the chart and even knowing they could do that at all, even for one day. The fun part, you got to get back to trading because you're missing the fun part. You've lost the fun part of it. And until you get that back, even when you're up, you don't think of it like happy, happy, fun. You think of it even as stressed, should I get out or should I hold it? And then you're complaining about Amazon and you got out of that with money. That's crazy. No, hang on. I'm not complaining. Yeah, you did. You complained. You complained here. You complained in the room. You said, I got out too early. I got out too early. I got out too early. You made at least $1,000, did you? Yes. But it's like I've said to you before, when something goes and it continues to go, you have to capitalize on the ones that work so that they compensate for the ones that don't. But you're not going to in everyone. If you don't hold everyone to big, and if you don't hold everyone to big, and you get out early, then you better get out of all of them early, which you didn't do in Netflix. Make a decision. Pick a choose a lane. I'm saying to you. If you think it's a fight. I did. I did. I chose to hold Netflix. I bought you one. You got to choose. It was the wrong decision. No, you have to decide what you're doing to be consistent with all of them. If you think the most fun thing is to hold every trade to the 100-point move, go for it. Hold them all. Hold them all. Then you would have gotten this. But the point is that you can't have to be consistent. Boom, boom, boom. Have to be consistent. Either you're killing all when you're down, half and retaking them. Or you're holding them all. And if they go, they go. And you're positive, you get out. Or you're holding them for the quick moves. And you're getting out of the whole thing or getting out of half. You're holding them off for the big move. You can't pick and choose. First of all, you should be doing all the trades. You didn't do the queues. And that was, even you could have got out of the queues today and still been out. So you should have done them all. But even way, even still, you need to be consistent with the ones that you're doing, and you're not, and you weren't even happy with this. You see where the joy is gone. The joy is lost. You should have been like, yay, I made a thousand bucks on Amazon. You should be laughing like, oh my God, this is crazy. I could have made 10 grand if I had held it. You should have been like, damn it, damn it all. I get out of this too early. It's all your fault for telling me the first target. You see how all the fun is gone from you. All the fun and the happiness and the looking at this and saying, oh my gosh, can you believe that? It went 60 points or the strike. You know, I mean, get the fun back. The fun, the fun of doing it. If you're going to hold it, hold them on. If you're going to get out of them, make booking the money fun. Choose what is the most, what's the most fun for you? Are you going to have fun when you make 500 bucks or a thousand bucks? Are you going to have fun when you make eight grand in one day? I mean, what is it going to take for you to get the fun back? That's a good question. Well, you better think about it. Obviously got to get it back, haven't I? I mean, I was happy that it was up that amount, but I just didn't book it on that day. And it was purely and simply because I didn't think it was going to continue. Wait, you're talking about Netflix? Are you talking about Netflix? Yeah, Netflix, yes. Yes, I mean, yes. I was happy at the off-riding line. I think you better get out of your head about that because the market's very volatile. And even sometimes, I think somebody's going to continue right-of-ways and it doesn't, even though I'm right a lot. Bottom line is, and when you're off a lot, you got to look at the money and you're not doing that. You need to be more consistent about where you're getting out. You're not doing a good job about predicting what's going to continue. Or not because I bet in your life you never would have thought Amazon would have gone over 1,600 or you wouldn't have gotten out of it. So stop trying to predict the highest point that you could get out. Stop trying to say, well, I didn't get in at the lowest point when I get in. You just money manage the trades that you take and make money on the calls that I'm doing and kill the ones that aren't working when they're down 50% to save yourself, to retake them if they reset back up. Find a happy medium that you can live with, holding them all, or getting out of half, or getting out of the whole thing. Find three choices you got, but either way, you better be consistent what you're doing because when the big ones run, you're not going to be in them. And when the ones don't run, you're going to be in them. I mean, look, this is just what happened. You weren't in the queues, ran up huge. You weren't in Amazon, ran up huge. So, you know, and thank God, you did get out of the spot. That was a really nice trade. You captured the gains. You made the great decision there exiting that on Friday. You know, and I thought this would continue here, but once again, it probably still does. We'll just have to see where it does tomorrow. But the point is, find a consistent way to do, and you have to think about how to get the fun back. You got to get the fun back, and you have to get the fun back right now because you're thinking, oh, now I just lost this much money in this, and now I got to take the next one, and now what's going to happen? You're going to get, I'm going to call a million more trades this year. So, don't worry about it, but you have to think right now and decide before the next trade I call how you're going to manage it because you're not consistent, and also how you're going to get the fun back. You see, it's relating how many you're going to call to what I'm going to put on the size. I don't know. I don't know. So, like this last week, I did push it. I pushed it a lot, and I had a lot on the table. So, obviously, if you're calling a lot, then I need to, and I'm relating it to my size, I need to reduce my size for that quantity of options that could be on the table. Well, then figure it out. I mean, sometimes, like I said twice this year, I've called them in waves. That was just, but it's only been twice, but when they have, they've all worked. I mean, Facebook, I don't know yet, but the rest of them did. Either way, the point is that, it's not going to be every week that I'm going to call them like that, but you obviously weren't consistent with that either. You did not risk $3,000 in the spy trade, and so you weren't consistent with your risk either. You weren't. I did. I did risked a lot in the spy trade. Oh, you did risk $3,000 in the spy trade? I had 66 contracts. So, so then did you get out of that with 100% flip around? I got out before really, really got going. I made decent money. I think I made $2,000 in that one, but I could have tripled that. I mean, again, you have to decide this. You have to decide this. You have to decide what you're doing with this. Look, everyone, everyone that goes, you're getting out of early, and everyone that doesn't, you're not. You have to decide what you're doing here. You must, and then be consistent. Think about that today. Think about that tomorrow, and think about it before I call another trade so that you do the right thing the next time. There is no, there is no wrong answer if you get out early and you're money in them. There's no wrong answer if you hold them because a couple are going to go and be massive trades. What is wrong is when you are doing different things with different trades and different risks and different exits and invariably, like I said, you always choose to hold the one that doesn't go and then you think that there's something wrong, but there's nothing really wrong. And there's nothing wrong with Netflix. I really honestly, looking at this, if you had emailed me about this Friday, you know, this made a pop. It made a pop. It had a really strong move in March. This chart is not like Amazon. On the day, this is different than the way it's been, Amazon's been poop, poop, poop, up, up, up. These charts don't look the same, but either way, it's still the point that you're up a lot of money and you should have got out with some profit. A hundred bucks. I mean, a break even. You know, it's difficult to see you take a loss in something you were up three grand in. Yeah, you're right there. Bow to yourself. You're never going to do it again. Write it in blood. I'm serious. I mean, I'm serious. It does nothing to yourself when you lose. It just tips away at you. No, sometimes you're going to lose. The trades don't work. Sometimes it's going to happen. It's just part of life, but you can't control that. You can't control being up $3,000 and letting yourself lose $3,000. That you can't control. So the things you can't control is nothing you can do. But that isn't most of the time. It's only a little bit of the time. And you can't be managed yourself then. So you'll keep loving yourself every day. And you've got to find a way to get tough and love yourself through these mistakes you're making. But how are you going to do it? You're going to bow to yourself that you're never going to do it again. Say it. Get angry. Say, I am never going to do this again. And then find the happiness back in trading. Find the joy. What makes you happy? Does it make you happy to see three grand on the screen? Does it make you happy to have the Amazon run up to the moon? Or does it make you happy just taking a trade in the morning at 10 and getting out with 500 bucks at 11? The one guy got out of that spot today. He made $600. He was happy as a clam. So what's going to make you happy? Making money? No, you have to be more specific than that. Because obviously making money doesn't make you happy or you would have got out of netbooks for $3,000. Like I say, I was following the chart. And yes, on the Monday, I should have been out of it. But I just didn't think he was going to come back so far. I didn't think he was going to go a little further. And that was my problem. If you go buy the money, then on Friday, be out. Be out. Take the money. I have previously taken the money. Like I said before. I don't think you're good enough at reading charts to determine it by the chart. I don't think you are because I would have looked at this and I would have said that was a pop-up. It was a breakout pop-up that just broke out for the day. I wouldn't have said this is going to run up for five more days. I wouldn't have said that. I mean, it's hard to look at it now and say that obviously. But I can see the way it traded in the first week of March. It's not the same as Amazon. And it did not have to continue. And it will continue. But now who's to say where? This could pull all the way back to 300 or 270 before it goes up again. Or it could pop over tomorrow. This has had a huge, massive move. You're looking at it too much in a vacuum. You've got to look at this stock since the gap up that happened in the earnings back in the middle of January. And then I've got to go after this. But look at that gap up. The stock gapped up. You know, I don't know how many points to the gap up here. Let's just see. Close the 227. Open. It gapped up 30 points. Gapped up 30 points held. Held and has run up 100 points. I mean, what do you want? I've called a bunch of trades in this already. I don't know if you did all of them or made money in all the ones I've called since then. But I mean, I've called so many in this. They've all worked. I mean, what do you want from the stock? There's no reason to read this if this would keep going after that call last week. Forget about the market. This stock is tired. It is still higher. But I don't know when. It needs a break. I mean, what do you want from this? Look what it's done. Yes. Yes. Okay. Right. Listen, I want you to do well. This is your year. I really thought you were getting better. I still think you're getting better. But you can't give up on the day trading because it keeps you sharp. When you're in stuff, you got to look at it in the morning. If that means you don't day trade that morning, then fine. But you can't forget your positions. But either way, you need to come up with a consistent money management plan, number one. And number two, you need to figure out what you're going to do to make yourself happy. Because somewhere along the line, you're losing the fun of it. The fun is going out of trading for you and you got to find it back. I believe that you can find it back. But I don't know what that is going to be for you. And you got to find that back. Because when you do something and it's fun, it's even when you lose, you're not going to be so stressed out. It's like, well, things didn't work out as great as I thought that day. But I still love what I do. And that's kind of how you have to look at it. But if you are just miserable every day, even when you win, then it's like something's wrong. Yes. Yeah. You're right. Okay, thank you. I really hope you get these things right this year. I just... I told you, you should sign up for mentoring sessions just to get with me when you have a position on and you're trying to decide to take it off. I mean, I told you that. I said, you just do the mentoring sessions with me and we'll do a session when you're trying to decide if you should get out of it. And I'll tell you, get out of it. I know, I know. And if I'd done the right thing this week, there would have been no problem. Absolutely. You obviously missed the bit that said, unrealized. I get 100 emails a day. I know. I do expect you to see... I expect you to just scan and just glance. I really do. I can fully appreciate your position. I'm sorry. I should have said, I am not out of this yet. I know. It's my own... But if you had said that to me, I would have... Would you have gotten out? I don't know. I mean, I don't know. Yeah. Yeah. Well, if you had said to me, what are you doing in that? You know, you should be out. I would have been out of it, Melissa. Most definitely. But I said congratulations. What did you think I was congratulating you for? Taking the trains? I mean... Yes. I don't know. I mean, they're trains I call, obviously. I mean, it's like, doesn't... I mean, the brain power comes. The your... I'm just gonna say this one thing, and I gotta go. The brain power comes is you have to decide what to do. After I call the train, after you take it, then it's yours. It's your baby. The girls? You have to take care of that baby. And you have to decide what to do with that baby. If you just throw the baby in the mud, then I mean, come on. That's why I look at other things to give me an idea of where something's going in the future. Well, they're not helping. Which you find helpful, which I disagree. But even if you do, you can't ignore the money. Correct. Thank you. Write up some kind of plan and action for yourself and stick to it. Before the next trade is called. And we'll watch Facebook and see what it does. I have no idea here. I really, really don't. But if this fails, then I'm sure it'll set up again. Same thing with the spy for sure. And obviously you're out of the Netflix. And we'll see. We'll see. There's going to be tons more trades. I just think that you have to be more consistent with what you're doing. And you got to find the fun back for yourself in trading. And I don't know what that is. But I really, really seriously think that you need to think about that. I do. Yes. Thank you. I do. All right. That's good talking to you, Philip. You too. All right. Have a good day. Take care. Okay. Bye. Thanks. Bye.