 I am just in the middle of trying to reconnect my internet connection Yes, they've changed the telegraph pole this morning and So what's gonna happen before the market open or I'd say don't trade I can I can connect my mobile to my laptop to To access any platform, but I'm just gonna reboot the The router at the moment just to see if it helps. I did seem to have a connection, but When I sent an email to you it seemed to bounce back. I didn't I didn't get anything from you recently I just saw your Skype message. But anyways, I Did you hear what I said yesterday in the room about Apple? Yes, yes, it was a case of if you want to take it out today You can yes, and then you said but otherwise I think it's going higher. Yes, but what else did I say? I also said what else? You mentioned targets No, I said you're probably gonna have to suffer if you don't get out of this today Yes. Yes. Well, I think it's still going higher The others well, I'm not so sure about but I do anticipate them going up until Monday turning and going up well Here's the thing. I mean again There's a lot going on right now that could happen in the next 24 hours with the market volatility So who's to say we could we could rally but we're what we're gapping down this morning We could we could hold but I you know, I don't know how many days it takes for that to happen I guess the only looking at the price of the option and where it went It was a good trade to exit it yesterday That's just my two cents and that you know and and I didn't know exactly where it would go yesterday Or haul before it pitted off, but I did warn everybody in the room You know to this is pretty much a good exit here and or the first exit unless you want to suffer I guess the only thing I just wanted to go over with you real quick here before I start scanning is that I Just don't want you to hold every trade. I think Facebook is a good hole I think Facebook is a great hole, but I don't want you to start getting back into that routine of holding every single trade It's perfectly okay to get out it would have been okay to get out of this trade This trade turned over more than once this was a good trade You could have got out of this yesterday and I know you're you're waiting on the other ones They haven't moved yet. I'll look at them later But the point is that it's like why suffer in every trade waiting for it to go like Facebook is totally worth you have the size in that it looks great. You're still up in it Well, only just up Only just up well, you're up in the 160s that 155 you may not be up in because yeah I mean because of the rally yesterday, which I said to that one though I said the point I'm trying to make and what I want you to start to for two minutes here Is that don't go back into the habit of holding every trade? Facebook is worth the whole some are better than others. This was a good call It was it was a great profit up there yesterday I really think you should have got out of it now You don't have 20 contracts of this how much do you have of it one or two or how much did you have of this? Yeah, I think you should get out of this because you're not gonna make a million dollars even if this goes Do you know what I'm saying? Like it's like why You probably were up at least a thousand bucks like I think you should have taken it No, no, no, nothing like what were you up? I think 700 I looked at my platform earlier. I was I was up something like $350 I think and obviously that was the close last night. Well, whatever. I think you should have got out of it So it's too late now. So, you know, I think you should have gotten out of it because you didn't have a big size in it You are holding the other one and I don't want you to get into habit of holding every trade and it's very It's it's very difficult emotionally to be in three four five six seven eight trades or whatever and Waiting for them all because they're not all gonna go to big targets And then you do you understand what I'm saying like it's like I do yes, I do I can I can fully appreciate that Yes, I do I do see that like there's nothing wrong with taking a profit Like there wouldn't have been anything wrong with taking a profit in this even if it would go to 240 in the time I called it like there would have been nothing wrong with doing that because Facebook is gonna be the big trade for you when it drops So there would have been nothing wrong with doing that and I it's too late now But I don't know where this where this is the option chain is gonna open this morning But I'm telling you the next 24 hours are volatile and even though even if the market holds I don't know if we get over the high by Friday, which means that the better exit really was yesterday on this So I don't know and the chart still looks fine. It's not doing anything that tells me anything different here today But the market is gonna be crazy today and tomorrow. I think probably tomorrow And so I think you I think you should have got out of this, but it's too late So, you know, let's quickly we'll quickly look at Facebook while you're getting set up Yes And this looks great. I mean this is crazy. It's gonna be a big trade for you I just I just don't want you to get into a habit of holding every trade again because that is not a good idea Yes, yeah, I agree. I should have been out out of that for it got two days Yeah, it's pushing it. Yeah, it's not pushing it But I'm just saying that it was it was it was good enough profit Whatever you were up. It turned over. I've got a platform open now. It was up for 353 dollars Okay, so well that was into the close that wasn't at the high of the option chain So it was it was over two and and our no is over five. I'm sorry. I was looking at the other ones It was over five. So if you paid like two You know, that's you know, that's that's a good trade Yeah, I put 268 for that a shot. Yeah, so it moved it moved around one over. So that's what I'm saying That's like if you did four trades like that, there'd be nothing wrong with that You got to learn how to if you really still want to have some big size trades right now at this current placement of where you're at With everything you got to pick and choose what those are if you should not be everyone. Yes, I agree definitely Yeah, I realize I mean these others The cubes are down 300. Yeah, I'll look at all of them. I'll look at all them later I don't have the time to do that right now because I didn't scan yet But then that's gonna take like a half an hour for me to look at everything And also I don't want to look at it while I'm talking to you because you'll say something that'll upset me like pullbacks But the point is though that you they all aren't gonna go it They all necessarily aren't gonna go the same time. Sometimes they do sometimes they don't okay in the case of Apple And you didn't do the diamonds They both went yesterday and those really were the first exits and good exits on those two trades yesterday and You didn't do the diamonds, but those were the exits on those trades those two went yesterday In fact, I would have preferred doing the diamonds the kids to be quite honest But you you called the diamonds later and I take the kids I did I called it later and I'm sure you probably thought it was too late But it wasn't or I wouldn't have called it and although I could have called it earlier I wanted the confirmation and so I called it when I thought it was good to go and I know yeah So I mean so I just don't know what happens here in the next 48 hours with the market It's going to be sketchy. And so that's that was the point of what I said in the room You know you got it today, you know, you're gonna suffer you're gonna suffer even if these continued You're gonna suffer like suffer meaning you could wait three or four days hold it. Would you hold these others? I mean, I'm down. Well, fifty seven percent of one and thirty six percent on the other You know the answer to the question. Why are you asking you know the answer to the question? What's the answer to the question? Well, I anticipate them moving up, but I don't you know at the moment No, but it's nothing to do with it is nothing to do with the chart at all It's absolutely nothing to do with the chart you follow your money management If your money management is you kill the trade at half of these trades go down today If the market would fall off a planet and you're down half Then you kill the trade if your money management is you're holding that you're in them And I can tell you right now. You can't change your money management all the time This is where you have aired in the past. You don't need to ask me what I think of the chart It doesn't matter what I think of the charts, huh? Yes Yes, I have to change it at the moment because I have so much outline with Facebook and Yes, I have these other four trades that are sitting well, then you're not being consistent Then you're not being consistent. Well, no, no, I know I'm not being consistent I know and like I say I am picking and choosing But as you've just said you have to pick and choose a little bit How your money managing these four there for the for the risk amount as far as I told you to add Facebook I wouldn't have done that I wouldn't have said to do that unless I told you But I'm saying you can't pick and choose as far as these go where how your money management is because nine times out of ten Then they're gonna go and you're gonna kill them or vice versa You know, you can't do that. You can't now kill three trades if they all get down half today Which I don't know if they're gonna be you can't do that because then you will take three losses The apple was up you didn't get out and then the three you'll still be up because of the Facebook trade if it's huge But I still think that the terrible money management Philip that you just terrible money management You have to choose a risk amount they can say oh my god I'm in I'm in all of these now this is too much Well, then you did too many trades or your risk is too much and I really think you need to do all the trades So then you've got to cut back your risk unless I tell you that you can add like on Facebook You got it. There's a big risk in about between five and six. So the nowhere near the Facebook trade So I'll have to see how but that was special. I told you you could do that. That's that you're up in that I mean, there's a 50 fives. I didn't know you did but anyways, it doesn't even matter I think they're gonna work to but yeah, I didn't add to the 150 times I need to the 160s So I haven't I have more 160 than 155 this is one of the reasons why year after year week after week Day after day month after month you are not consistent with your results who change your mind all the time at some point You're gonna have to listen to you're gonna have to look at the facts and say I see what she's saying This is a problem. I do I do see what you're saying But there are times when you have to look at individual charts such as Facebook and say right this is on its own No, that is only with my approval that has nothing to do with these other trades That now you were considering killing today whether they're up whether they're down whether they're whatever you're wanting Change your management all these trades. You want to kill all of these trades today because they didn't go Because the market's capping down because you're worried about losing money and then you want to kill them Which is a completely different money management than that then you've been doing because when I asked you you said You were gonna hold every trade then hold it all through I I did I do intend doing so Yes, and the Facebook continues is not a problem. I think that they can all tank can those extra trades It doesn't matter. It's just the Facebook one has to continue So what are you worried about? I am not worried providing everything does it should do and then we'll be very happy No, I mean, I think you you didn't manage Apple right You should have got out yesterday because you shouldn't hold every trade you were up It was good enough money for one turnaround. I think that the other ones haven't gone yet I don't think you should change your money managing plan and then the charts look the same to me There's nothing different in this and Facebook you shouldn't change your plan of action from day one You said you wanted to hold it you took the size and anyways It's too late now Anyways, because if you really weren't gonna hold it if you couldn't stomach holding it with the money that you were up You should have got out two days ago And these are things you have to decide and determine when you're when you're going to take the trader when you're doing the ad You have to make these determinations Facebook had a great move. I know you said you didn't know what you were up in that day I know was at least six or seven grand It was a good move two days ago. It was early when they drop five There we go, you could have made five grand Four in one and one in the other there you could have been out with $5,000 It would have been nothing wrong with that. That would have been great training 1200. Yeah So yes, it's pulled back considerably Yeah But you've done this long enough now that you should know what you can stomach and what you can't I can't get I can't make that decision for you the problem. Yes, I can I can stomach it. It's the problem It's anticipating when the yes, we do have pullbacks, but yesterday was quite strong pullback It was within the price of the option chain how much I mean I could have got out of it yesterday I actually got it back in again There's no reentry in this here and don't add to the trade this morning. Don't I am not That you even think yesterday was a strong pullback You know, you need to put you know, your glasses on look at the chart I know what you're saying. I'm relationship to the chance. It's not much You cannot be based on your P&L It has to be based on what's happening and if you lose conviction from one day like yesterday Then you are lying when you say you can stomach holding something. I haven't lost. I haven't lost conviction Well, then I don't know why you said yesterday was a big pullback the options chains are volatile That's why you can make a crap load of money really quickly because they move just like yesterday that moved against you Guess what? If today this breaks 160 again It'll be up more than five grand because it's really gonna look like it's headed to the number I'm telling you you know this. It's like why do I have to just say it over and over and over again? Yes You can't stomach these you want to play them, but then you can't stomach the volatility in them So then you really can't do them Isn't it when you up so much like I say you could have taken me out and taken the money again But that's what if you were so convinced it was going down if you're so convinced it's going down. What if you were so convinced It was going down, but you say no my luck. I can't get out of the thing. It will probably turn What will continue down with me not in it wouldn't it? I don't understand what you're saying You've had plenty of good luck with trades that have gone in your favor Then you've had crappy money management, which I think Apple you should have got out of like I mean if you have two contracts of this I don't know what you're what you think you're gonna hold on to this to make what even if you would have held on to it What's the most you would have made $1,500 you don't have a lot of it. There's nothing. I wouldn't have to Chunking it out. There's nothing wrong. Chunking it. Chunking it. Chunking it. I'm not. I'm not I don't Don't mind a thousand dollars. That will be very nice. I know but why risk losing 600 Yes, when you were up four or five hundred to make a thousand. Do you see what I'm saying? It's like yes, it makes sense because you're like, okay, I'm up five, but I can make 20 or more. I Love the chart. It looks good. Don't look at the option chain. The chart is fine You got plenty of time left. So do you see the difference? It's like do you understand? It's like You know what I'm trying to say? It's you can't hold every trade Take the money when you're up when you're up in them Specifically where you're at right now only hold the ones or add to the ones when I tell you it's okay We'll do okay, but don't change your money management with these yet at some point You're gonna have to wake up and say okay. I'm today is day one I'm gonna manage all my trades the same unless Melissa tells me this is an extra specially good one Which I did with Facebook, but if you if I don't then you manage them all exactly the same no additions No changes in money management plan get out when you're up if it runs over a hundred percent over Which Apple did yesterday then you get out you have to you have to say okay today is the first day I'm doing this right I mean you're worried today about the trades that are down like the cues whether they work or not though You put the trade on you put the risk in You did what you did and you got to live with it now, and that's why you can't change your mind halfway through the trade Because it because it's because it's a nightmare and that's why you're going to look at the chart You you you want to see something in the chart that's gonna convince you to kill it because you want to kill it now Because it didn't go right away. No, but that if it gaps up tomorrow You'll say oh, I knew I should have killed it and then no, you know, no, I don't I do believe they're going higher I mean, I believe they're going higher into next week, but that remains to be seen. I could be wrong So you've got to look up, you know Look at every aspect. I'm you that's not how you should be managing the money That's the point. I agree the money. Yes is separate to the chart. Yes. I do I agree Yes, okay. Thank you And be careful if you're having issues with your computer. Yes, we'll do thank you very much