 Good afternoon everyone and welcome. This is Melissa Arma with a stock swash, and I'm here tonight to review a cam This is a gap up. I think that the playing tomorrow is long Because of the market in a gap now that being said This is a this is a good bullish gap for For the day anyways So let's look at the target to this Target of this is $50 tomorrow It really has to open and Open and go immediately almost. I don't want to see this break 45. That's a dollar away from here But I don't want to see this break 45 here into the open if it breaks 45 into the open. It's not going to set up, right? It holds 45. This is a good long Target's 50. This is a good target on the day the stock can run $5 on the day And I do believe we have the market with us tomorrow, which will be good for this long-term pattern in this I do not like higher but as a day trade you can day trade bullish gaps Even against their overall trend just like a short stocks that are in enough trend. Okay, so this is a one-day Wonder here up to $50. It is a good gap. It is holding nice and strong. This did have earnings tonight Actually, here's the 45 area now I just had a really important conversation with someone about profit taking and this is something that I talk about in the room We've been talking about it more and more. I'm giving the target of 50 I give target some things our targets important Yes, but I'm realizing in teaching people actually teaching people is giving me more experience than ever about Targets because in my mind, I I always have a target in my head with a stock because I'm always thinking What is it worth the risk to reward? But I don't always hold every trade to the target Even even some of it or all of it I usually don't hold all of it to target and sometimes I don't even hold a piece of it to the target The most important thing about trading is making money and I consistently make money now Do things consistently go to the target that I want it to every day? No, but I consistently make money so we have to go with that and Take the trades with the picks in the entries and make the money that we can based on where the stock is going and what we Can sustain because what if it doesn't get to 50 tomorrow? What would be a target before 50? Well, I'll tell you right now. There's a bunch of them 47 and Then the next one here 48 if this gets over 48 it should blow to 50 but What this probably is going to do is go to 48 and then come in hard and Then maybe rally up to 50 So will you be able like let's just say you go long this in the morning here around 45 say it pulls back in the morning You go long at 45 it rallies up $3. You're up three bucks. Let's say you have 2000 shares You're up six grand. Are you gonna give back? two grand or three grand to make another Four or five or six or whatever, you know what I mean? So this is where this is where the money manager comes in very often in my day training I I don't like to hold late. I like to do the quick play and out whatever it ends up being Sometimes what I will do is take the quick play enough. I'm up my goal for the day I get all out into the first run up Sometimes I take the quick play and this isn't along usually I do shorts But in a long I take the quick play I get the move I get out of half Then I let the rest go to the next target if it doesn't then I'm out if it does then I'm out of the next number Because stocks don't go in one direction. They just they just don't they look like they're going to but they don't You know wiggles and jiggles back and forth. This is money manager This is common sense and this goes even with the options plays I've been calling to Everybody has to have their own money management. I think I Think I'm gonna have to write a class on money management because I'm I'm assuming a lot and I I'm Assuming a lot with people in reference to money management and I can see now after teaching for Well, I've been teaching. I've been teaching for four years trading for eight teaching for four I can see that there is there is a lot of things that people want to want to learn about money management for me it comes down to the common sense of being up money and and And knowing that it's never over to the fat lady sinks. What does that mean? It means when you're up if you take it all out, it's you got it You got to decide what you have no regrets Okay, what are you gonna have the regret about are you gonna have your gripping up a lot in the trade and then? Losing it up and losing in train losing all the profit and losing in it Or you're gonna have a regret getting out too soon like what is your biggest regret when you think about the mistakes that you've made? Trading this is what you kind of have to find a common-sense ground with yourself and everybody's a different personality Everyone's a different personality and although I'm a risk-taker in reference to my entries the fact that I even trade at all That I call things that I'm day-treating the one-minute chart doing options all this stuff I still know that you have to have good money management, which is you want to Take money off when you're up It doesn't matter if you take it all off or half But the worst thing you can do is be up a good amount of money in a trade a goal for the day Even okay, and then not get out of any of it and then losing the trade So please please please if a cam doesn't go to $50 tomorrow Don't sweat a bullet if it goes to 47 or 48. That's a good solid trade. This really does need to hold 45 though I think this is good with the market tomorrow if the market holds long, which I do believe it does But you I gotta watch the market because this stuff is an endowment and I'd rather see this rally with the market I do think this probably goes to 50 though, but not without a pullback So be careful be very very careful everyone and use common sense with money management Okay Have a great day everyone email me with any questions if you'd like more information at Melissa the stocks wish calm