 What's up everybody? This is Giovanni from the Options Trading Channel. Today is Thursday, January 2nd, 2020. The first trading day of the year is in the books, guys. And I missed out tremendously. Imagine that, as always. And I just wanted to do a really quick video on the terrible decision that I made of selling right at the close on Tuesday, the day before New Year's Day. And if you go back to the previous video that I made, you'll see exactly why I sold. But either way, I did make a winning trade. I didn't make money on that trade, so I can't be disappointed. But this shows, this comes to show as to what I'm trying to accomplish here and why you should scale out. If you recall, I traded this signal here. I got in really, really late, and basically I only traded the last nine, 10 minutes of the trading day on Tuesday and New Year's Eve. And I bought in at 225, and I ended up selling at 260 for a 15% gain. And I only bought one call where usually I like to buy a couple of calls. I sold because I only had one. I didn't want to risk it if the market gapped down. And then I would turn a winning trade into a losing trade, so I can't be too harsh on myself. But this is a prime example as to exactly why I want to scale out. You sell half of your position at a 10% gain. The other half, you let it ride. You let it ride for bigger gains. You're putting yourself into a winning position, no matter what happens pretty much. That is the theory, right? And I'm hoping to put that practice into play. This morning, the market gapped up pretty good, pretty good. And those calls that I sold at 260 opened up at $3.47. I missed out on that huge trade there. And then sure, it kept up going a little as high as $3.78 and then came back down to as low as $2.71. But then went back up to close, well, right at the closing at $4.29. So again, traded from $2.25 sold at 260 could have held one until $4.29. But this is the power of scaling out, guys. I really, truly believe that you guys need to be scaling out on your trades. Basically, if you're not scaling out, you're telling the universe, you're telling the stock market that that's all you want to make is, in my case, the 15% on Tuesday. I basically told the universe, hey, 15% is good enough for me. I'm out. I don't want to make any more money. That is essentially what I told the stock market. And the stock market said, oh, okay, then screw you, I'm going to go up higher. I'm going to make everybody else more money. And then in the same video, I wanted to show you something interesting about this strategy. This particular trade, it's showing as a losing trade because by the time that it closed below the lower mobo band, it closed right here well below it, right? It is showing it as a losing trade. But how do you actually followed this signal here? And in fact, I did trade the signal. I can't remember from what price to what price and what option, but I did trade this here. You had to be a real sucker without a strategy, without a plan in place. Honestly, you would be an idiot not to turn this into a winning trade. And had you have followed this exactly, you would have been in a losing trade. So there's nothing to show that, I guess, correcting that in having good management, money management skills in this strategy. I've seen this a lot. I think that I can turn a lot of losing trades into winning trades in this strategy over the last, what is it, 360 trading days. Let's just show the report. Over the last 360 trading days, not 360 calendar calendar days, this strategy has given 104 total trades, giving us a total of $8941.43. Had you traded 100 shares of spy, this is how the strategy is currently set up to show basically just to show the strategy, the profit loss strategy, 100 shares of spy. How do you've traded every single signal that the strategy is set up for? And that's actually amazing. That is amazing if you really think about it. But we're not trading the underlying stock. We're not trading the underlying ETF in this case. We're trading the option and we can capitalize a lot more than that. I'm hoping to anyways and I'm hoping to prove that to myself guys. Comment down below what you thought about this video or what you thought about my trade that I sold on Tuesday after the closing bell. Comment down below what you traded, what you made money on, what you lost money on. If you have any questions or concerns, if you have any issues, comment down below or you can email me. I'll put my email in the description down below. Thank you so much everybody for tuning in. Let's absolutely crush it this year. Let's make 2020 the most profitable year yet, day trading the stock market trading options. Also, don't forget to hit that subscribe button down below. I would greatly appreciate it. Like and share my videos and we'll see you here on the very next trade. I hope everybody has an awesome end of the week. See you guys later.