 Welcome back again folks. I'm glad to have you with us Now it's always good to talk about good plays and I'll let you in on this one which was not a good play and I'll I'll explain what I saw in the first place and why it didn't come out to be a good play I tend to think that we learn a lot more from our mistakes and I will try to show you why it didn't go my way and Maybe we can all learn from this now Visa was upgraded on Tuesday ahead of the FOMC minutes coming out. I was very surprised and very bullish on the upgrade And I believed we could have moved pretty good On this on this upgrade. However, when you prepare your day, I've shown you this before this is the one hour Chart, look at support. There's support in this area And I'll show you Zoom in on this So there's support here Which happens to be there and then the next line of support is this area and Remember this area. I'll show you later what happens with this area. So basically we are opening above This area anything above this enters above the old one Making this whole thing bullish Let's go in the five minute and I'll show you what I saw about this I'll put the the line on the old support Here on the left side Let's make that on the five and you'll see what I see This was the open This was the old resistance Now we're opening higher. I'll zoom in on that We're opening higher It's a little dip below and as soon as we got up there. I think our entry was pretty pretty good This is where we entered for a long, right? Let me get out of this And I'll show you what I saw afterwards Let's go back to the one hour the next line. I told you was this one Right, let me zoom out a little bit Like this so what happened close enough was this You know it came from that high Down to touch support well twice. I really let's do that again. You need to Support support and then we're not right so you can be sure that this line here is Old support it will become resistance, right? Let's put that back on a five minute and see what happened in today. This is what happened we alerted here and Then what happened was? Knocking its head on the old resistance like I told you and then what happened is we crossed it Managed to get above it and that's it. That's when I thought we're good and we're looking good for a long run. I Chose 230 Because I believed we could go higher than to 230 however going 230 With only four days to go with the FOMC minutes Coming up. It was Way too risky. Why? because FOMC minutes will affect a ticker like visa where visa is dependent on Whether the inflation is going up or down or if they increase the interest rates or not all this will affect the How much people are spending if they're trying to slow down people spending? Visa is going to get affected so this was way too ballsy and I should have gone on a later date later expiration if I wanted to be to Stick with that strike and the reason for this Why I thought we could go Higher is this Look at this daily the daily showed that we were Breaking above You know, there's one green candle another one another one we were breaking above this and At the time this candle was a green candle, right because the open was there We started going up There was a spike and it was a green candle, right? If it clothe like in this particular case it closed red because it closed at this level, however all the time we were above the entry line the whole thing was green and My point my idea and target was this line, which is Higher than 230 was 231 something so this was my target and This is why I was aiming for a ballsy play Homerun play that I call them and it obviously didn't work and look at this here What happened people got a little scared midday and we started tanking big time, right? We started tanking but not a little bit We started tanking all the way Until this resistance Support sorry, there was one tiny green candle there and the rest pretty much is red Bounced on the on hold support went back to 200 EMA and then flushed after hours on That fear of the FOMC minutes coming out on that next day so I Did not expect this whole thing to flush almost eight dollars from here to there Basically this was voiding pretty much whatever was left in the premiums If we had gone Another week out it would have been much safer because what look at what's happening now We are back to the level where This was here Now it's back to this level Obviously we were we entered higher however, it would have remained a lot more freemiums then if we had Taking on the same weight so sometimes when you look for a home run it doesn't quite work out the way you want it and I was very very bullish on it and Was too risky of a play knowing that FOMC minutes could have affected the the visa play it should have gone or not touch it at all So basically when you enter a trade make sure that you are aware of the possibilities That can happen Let's say you're playing Tesla. You know that you can have a recall flashed in In the middle of your trade well, that's Probable but the probability is a pretty low However, if you know the FOMC minutes coming out you have to be aware of it and Trade accordingly. So this was a bad choice of maybe play it or at least a bad choice of expiration date and And that's it. I hope you get something out of this and Maybe you not make the same mistake Again, all right folks. Thanks for watching