 This is the exit here. I think people right here Don't let it pop over 30 if you did that trade. It's good. It's great here. This is the bounce Okay, question when you have a tailing arch with you order very far away. Yes He did that this morning with the zoom Z. I said do a test trade Trying to short zoom Z at 25, which it was not at this morning. It was gapping here Around whatever, you know 1825 so he had to actually put an order in and if it sits in his monitor That means he's got it to short that he cancels it If it doesn't sit it if it doesn't pop up in there, but he doesn't have it to short So he put him he doesn't have a jiggy to figure out that's he's testing to see if he has the short Rather than email the broker whatever he does a test right now. That's what he does So that's what you would do. You put an order so far away that it would never fill it in the pre-market And that's what he did with the other one steel hard. Good job. How much money did you make on this? That really was the morning exit people 10 minutes from 10 o'clock Mark We're gonna hold somewhere in here great trade almost a dollar boom out Jenner's jam Mountain girl steel her made 286 bucks good Let's let's go over What happened to the other one yesterday? Where did it go? Wow, this is still falling One from yesterday still going It's a 1540 something the TL our dean. Oh this fell broke the low kept going Where did this this ended up going? I think in 1575 yesterday 1571 Go over the test rate again The test rate is if you're not sure if you have something short you put an order out to short it so far away from the price It would never get filled in the pre-market if you order sits in your training monitor Then you've got it if it doesn't pop up then you don't but you must cancel it Otherwise you'll get filled or could get filled somewhere into the open So if it sits in the monitor, you've got it then cancel it then you know you got it And if it doesn't you don't have it you can request it Okay There's something else I was gonna say I forget what else are we talking about yesterday? What other questions here, this is a bounce on zoom Z and look no one should be selling this oh We were gonna go over Google we can do that over here. We can do that over here with the chart It's anyone still in Google at all anyone at all still in the Google Pull up your option chain. Are you signed in? Yeah, I mean into your options Express or whatever are they my retreat or whatever? Yes sign in Is anyone still gala had just said he should be Eric what gala had just said he should still be in Google. Oh, no Ericson no now Eric's actually gonna help you today, but I want Aaron to look up and see what it's worth first This is practice for Eric What would you sell it to on the day of that inspiration, right? It would deviate it would shrink Look, we'll pull it up. We want to see what we know what you paid for you know what you sold it How many shares did you have of it gala had you told me maybe $1,900 But you can tell me how the quantity you have of the price you have Well pay one to the target I said of course it did Hello Okay, what did to happen it's so you're looking at the ones expiring today the 840s Google What are they worth eight contracts? But what price did you pay? No, I don't talk to gal had I just want to see what I'm estimating what his profit would have been once we know But I want you to tell me what it's worth hurry hurry hurry It's today. Yeah, go ahead It's 260 430 by 260 No, that can't be right The 840s drop down go go go. Yeah expiring the 10th. Yeah No refresh Refresh and blow it up. Oh, you're looking at that was the change or the last what's the bid ask Go down down down. See you're over. You're in the money now. So that's why you're not used to looking at this here See you're in the money the other day you weren't Okay, now go ahead go up. Yeah, 840s ring 840s where there? No, no, no the first column is what no What is it? And then what's the second column? So that's the difference if you put an order out you go down. Were you oh, I don't know what they know Okay Okay, write that down 360 and 450 So then what a price would be four dollars. What did I tell you this morning? Those of you more than you told them four dollars. So if you had kept them till today You had three contracts with 300 shares. You can sell them right now the second you're out of it ready for four dollars So what would your profit be? Figure it out figure it out 300 times four. Oh, it's one 1200. Yes But what if they wouldn't have been you would have lost completely? Oh, yeah, everything why there's no time There's no time value whatsoever expires today and every hour and every second It's 956 that number Will be worth less and less and less as it gets into the close you understand no matter what it has No, it happened to me before I realized The week week of expiration it just it just shrinks and then boom, you know, right? Yeah, it's usually worth like 10 cents or 20 cents or something But the good thing about this was that it went it went up to the strike which I said and went over this right So so but you're still taking a chance Gala had would have made 3000 but what was your what was your price now? Let's just this is a very good discussion here people and this will help everyone and I know not everyone does options But it's the same point with the day trading whether you get out of something whether it moves one arm with one and a half hours Or it drops to three hours How what was your price? No, well, how much cost did you actually pay? You did not pay three dollars and forty cents the day that I made the trade call What was the price that you actually wait 25? He had to 120 125. Yeah He might have paid a little bit less because we took it in the morning What did you pay gala had? And he added I believe no, what did you pay? What was the cost of the option that you pay this is running up right now quit refresh it It's gonna be worth more, but just refresh it. It said 845 Galahad, what did you pay for the cost of the option one dollar and 20 cents one dollar? You didn't take the ones that expire on the tent. Oh Then I don't even know what you did. I don't even know what you did I thought you did the same trade that you didn't do that you didn't get the ones then that I that I called I don't even know what you did then you did something. Look at this. It was 30 out of 5. Yes So you could have made like 1300 or something, but who would buy that on the day of expiration? How does that know you're you're you weren't waiting years? You can you can always get out of these because they always have volume you can I don't know if it has a volume up in there But these these are liquid things. We trade liquid stocks. We trade liquid stocks Whatever we do for the day trades are for the option saying to buy the person buying this Why would they buy that on the day of expiration because people do this as day trades? I told you that you could have taken it that out of the day that we did it. Don't you remember? Oh So we can buy this right now. It's it's going targeting in this today is 845 850 Some people will are perfectly happy buying something and getting out of making 50 cents or making a dollar Okay, you know what I'm saying So as a day trade this stock gapped up the stock looks higher the market is moving actually Google is moving ahead of the market. Here's the market. Here's the market. Here's the market long as you were here The market looks great. So who will buy this someone that wants to trade here. It's not even 10 o'clock with the market Yes, look at Amazon it all looks good, too So it looks like gala had did a one week out So he paid more so we can't compare it to yours But it's still the point that it was a good good trade gala had I didn't realize that you did this and had a week left. So yeah, you could have held it But you still were at $1,900 so so Eric Eric He said he should have gotten out whether he had one more week left in it or not Why do you think he should have gotten out with $1,900 go because you lost money could have went against you You can lost everything. Can you hear what he just said gala had? But you just did everybody here when Eric just said talk a little louder. You could have lost everything You could have lost everything and how much money did you have at risk gala huh? How much money did you risk in the trade 2700? I've lost everything He said you could have lost everything. It's not easy to say it's very it's it's it's simple to say it's more than easy It's it's easy. It's so easy. It's it's ridiculously easy. That's it's why you're going to see a count That's how I understand what don't you're gonna be blown up as a council. How can he Eric is really going to be your You know before you be yeah Eric saying you don't want to blow up your account You don't want to blow up your account by being about money and trains and not losing it The gala had say no, he couldn't have lost the whole thing, but guess what? Yes, he could have tell me how he could have Here let's go over here. Let's go from your chair over here. Come over and talk How could he have a decent there's no way Melissa that I couldn't