 Okay, good morning everyone. Let me know if you can hear me first things first J.I. Trader or JL Trader If your account isn't set up to short yet, and it and it will be in a couple of days I would just wait anything that you would do to the upside today would be not per my direction and I wouldn't be I wouldn't be overly anxious to do anything You've got to have a good month. I think it's something that you know You wouldn't disagree with me on so I think you should wait and just sit back and learn Journey woman asked about the ratings. I don't know why you're often those we have trials in here today So I can't go over the points, but we can do that another day But not the week before I have a class. So usually have trials in here Five is the one I'm going to do Very spreading right now, but I think this works the best Even though this rates good. I don't like the volume. I don't like the fact it isn't moving I'll have it up Market gonna make a new hide and queues and nothing stopping it spy looks weird Did recover Friday? Who knows? Could do it today again Climbing climbing climbing 230 looks inevitable. Let's just do our one quick trade here today and be done Look at this market So the problem with Mondays is always the problem that I never like Monday's is the lack of volume Whatever whenever you have something that's capping. It's like this. I mean this has volume, but Look 825 and nothing to hear so it's just I Don't know if we're gonna be able to quickly enter something here today. So let's kind of play it by ear same thing with urban Lack of trading activity. I much preferred Tuesday through Friday So, you know market is definitely bullish Any questions? KO is looks okay, too This is a downgrade. I think this is a downgrade. I did look it up area or anything This doesn't look like it's gonna go anywhere Okay, so five is up here in the main screen if you're here in a trial watch five is a short urban's a short This doesn't have enough volume, but it may go our is a buyout. Yeah Rwlk. I don't like these LTVs. It does have volume Spready. I need something to drink. I think I'm gonna cough again Forgive me. I love time to get something Screwed Okay, good. Look everyone. We're not jumping the gun today though. I'll tell you that because of Monday lack of volume bullish market a whole host of reasons and this is very spready, but I don't think it Do you hear the construction guys out front of my door? Okay, just wait Just wait Volume and this looks good, but very spready Let's look at urban volume Sorry to give volume to not as spreading. All right, so I'm still watching the five first Okay, this is rallying This is really okay. There's nothing to do yet. Just be patient and wait Everything's getting the volume though Oops, I still don't like the five Spread okay, there's nothing to do yet. Okay. I have urban up now. Let's just watch this a minute I'm watching two things right now here. I can't watch three and this doesn't look half bad if this holds here Although I didn't call anything in it yet This flips over 28, this is off though. Okay, let's do 96 by 40 Urban 96 other it just went I didn't get it here 96 by 40 urban crap there This is valid 96 by 40 here. I'm gonna stay on it. Maybe I can get a second entry Stops 40 in this. I wasn't prepared to do that. I was gonna do this one. This is still rallying I just move this over here. I think this could set up again though You could be in the urban well, hold on we make it a chance Okay, stop in this if you're in it is 40. I didn't do it because it hit so fast I'm trying to see if I can get this people Forget the five hasn't set up yet. Not enough. It does Ayi No, I would never have done this but we can look at it later. I did see the gap this morning I could have rated it. I was never gonna short that It was a good gap though PG I'll look at quickly Some of you in the air in the air, but I may I may do a secondary entry in that. No forget PG Here urban. All right, let's find another way in If you're ready did it the stops 2640 it hit so quickly that I didn't get it So let's see if I can get a second entry in it Which it looks like we're gonna get if this holds But the stops still gonna be 40. I will go over a yi, but there was no way. I was shorting that stock Okay, urban, let's do 99 by 40 and if you're ready in it fine Right in there's nothing to do. You gotta wait. I mean if you're ready in it, you're in it Still hard I'll answer those questions after I'm done trading. I'm trying to get this Some of you are ready in it. Okay, that didn't set up Just gotta be a little patient if you're ready in it, you're ready in it If you're if you were in it you're out Never set up again here who did it you're stopped out if you did it and I and I didn't do it It never set up the second time who's in what is anybody did anybody do it the first time? Gallagher did it came and do do did it you both got stopped out You must take the stop Pyro did it got stopped out. All right Yeah, you gotta wait if anybody had their stop in it 40, which is where it should have been you just got stopped out Looks like we're half and half did half people didn't do it with me and half people did do it Forget the five. There's nothing to do with that. All right. I'm gonna sit here and watch urban and see if it sets up a second time It's what I wanted if it doesn't that I'm not gonna get anything today And some of you stopped out and if you if it doesn't set up again, then you'll take the loss and you'll be done What did I say? It was a maximum resistance on this 27 that's very far away Okay, I'm gonna keep watching urban Some of you did it and got stopped out Some of you didn't do it, which I didn't because it just set up too fast. I guess I got lucky there Can't go over 27 though. There's nothing else to look at. Just be a little patient here people It's Monday, okay 2663 I'm not gonna do this in the one minute now. I'm gonna see if it sets up in the five But if it goes over 27, I'm not even gonna do it at all. Let's just wait PG it was never crazy about. I'll look at it again No Boy, the markets look a lot different. Look at the cues and look at the spy Five never set up. Okay. I'm gonna stay with the urban here If this doesn't set up though, I'm not gonna get anything today. Here. Let's look Wtw and let me look at that You can give me other ideas here because if I don't do urban, I don't have any other watches Certainly no other down gaps to do Weight watchers is falling Weight watchers Not a great gap, but it's falling Here's the target on weight watchers. Well It did gap. All right. Let's see what the urban here weight watchers is a valid short though 2681 You gotta be so patient on a Monday Sue is saying 27 15 is the next century for urban. Where are you getting that? You think it's gonna go all the way up there? I wouldn't short this over 27 No one should be back in this yet. It's done nothing but rally ever since it bounced over the high People are buying this as a gap fill will go over it when not when we either were out of it Or it's not gonna work or whatever right now. I'm still watching it only benefit now Is that as a volume five is definitely never set up? And PG didn't work Okay, let's go back to this whether it's just fell out of the sky All right still watching urban last 20 cents here. It's not gonna work right over 27 Now this isn't gonna work. All right, whatever. What do you want to go over? I'm not doing it I mean the first trade was valid. We can go over that I didn't I didn't do it because it hit too hard and half the room didn't but some of you did It's this isn't we can't short this look at that. It's It's not gonna go red JC penny I'll go over that once I just see if there's anything else here. I can call or do but Wtw just open and fell with no volume Urban set up flipped and it's not gonna go red today. It will hold the green bar five never set up AYI was the best gap, but I never would have done it. I will go over that though JC pennies looks like it's flirting with trying to break the low in here from Friday. Yeah But what are you doing here if we trade gaps? This isn't a gap. It didn't gap today So you're trend trading this to the downside. I wouldn't do that. Listen. I didn't do anything Some of you did do urban some of you did nothing with me. Don't be over anxious Just like I said to JL trader. Don't be over anxious here. It's Monday It's the one from Friday Tiva. Hold on Let's see if this follow through if we could all squash the over Anxiousness that we have we'd all do a lot better in life myself included. I'm not just talking about trading Tiva Tiva doesn't look bad except for this is not a new gap today But it looks like a continuation under 35 Tiva could fall off a planet if you're desperate for a trade Which you shouldn't be but if you are 99 by 50 99 by 50 Tiva short if you want something if you're absolutely desperate it didn't hit yet But it's probably gonna 99 by 50. Well, I'd stop target is really big If Tiva breaks and follows through lower it I don't think it bounces here, which is 34 57 I believe it falls and collapses off a planet. I mean look at this thing So if you really really really want to take a second trade or if you didn't do anything want to do this 99 by 50 I'm passing because it's not a gap, but it fell hard Friday well after into the late morning afternoon and It definitely looks lower. Nope. See this is done. This is what it this one may even pass the number that sue said absolutely sound advice. Oh Thank you. What do I mean by 99 50 jewelry? I'll go over that in a minute, but I'm shocked you're you're asking me that now SSI if you want to make 10 cents on something go for it. It looks lower It looks lower. Let's take today and let's not waste it. Let's not waste the day Let's learn something today because I'm obviously not trading on some of you took a loss You're gonna have to suck it up because I don't say anything else to do if I do I'll let you know But I'd rather you take one loss. It shouldn't be the end of the world Urban isn't gonna set up again and Facebook is rallying a lot. I mean by 99 by 50 99 is the entry 50 is the stop and you got to know that before you take the trades and I thought you did I thought you did jewelry Some of you I can't read your mind. I can't read your mind, and I wish that I could but I can't I'm not that good I'm not a psychic, but 99 is the entry. That means if Tiva hits 3499 Underneath the whole number you shorted put the stop at 3550. Where am I getting that number? Let's just go over it then I'll flip and go over the two gaps This morning neither one is gonna work and luckily I didn't do either, but the trading gods are on my side I think in 2017 34 39 is a high I'm giving it a 10 cent cushion because of the fact it has a moving spread So I have a normal cushion plus the moving spread and this isn't a down gap It's a continuation from the fall and I did get down it gap down on Friday had a good call in this I mean look at the number went to never would have thought my wildest dreams. It would have gone like that Here it goes. It's gonna hit right now 99 by 50 you shorted at 3499 you put the stop at 3550 if you want to do Tiva This is a follow through a continuation gap from the sell-off that happened on Friday and has a massive target I'm not gonna give you a number because if I gave you some crazy number You won't take the first profits, which is really 3460 you should piece me a lot of half that there And some of you should do anything because you did do urban which did set up but then flipped sometimes things work sometimes they don't Sometimes there isn't a rhyme or reason, but we are gonna go over the five which never set up and we will go over Urban Gator said why isn't you want to trade so bad a good call you started trader and before my call, but didn't thanks. Oh, I Did have it did did set up though was a valid set up and Tiva hasn't broken yet Tiva hasn't broken yet So but you can you can watch it All right, let's go over the five first because this one I never call him didn't do anything with and actually This still is lower. This is probably a great great great watch for the rest of the week lower Here, let's look at it This didn't rate 20 points first. I rated it and I missed something went back It really rated 19 at a 1950 50 chance of working or failing This did not work today. It never set up. No one should have gotten, you know Coerced into doing this very often you have these big sell-off bars in the stock gaps down medium to large Which this wasn't large, but it was medium gap down and then they flip They get bought into this area of support because they saw off the previous day And then they get bought into the they get they basically get sold into the gap and they don't keep going down They don't get sold anymore, but I will tell you this is lower. This is lower This looks lower even this week, but not today the market being bullish didn't help us today Do you see where this came in here open today? Do you see this all the way over here the stock had a gap down here They got bought all the way back from of the year ago almost March And so it came in today and got bought today on this area and just rallied up to the resistance It doesn't mean is it lower it probably breaks and follows through tomorrow It was a valid gap to rate today This was on earnings and it almost cut the muster, but it didn't so I watched it because I thought well If this broke early and broke through everything and fell off the planet it would really go But it didn't work that way. In fact when it opened it rallied In fact, let's just see in the first five minutes of the day. I think this even reverse whooshed It did I didn't even notice that because I jumped over to the urban, but it did so no one should have done it I don't think anyone did did you did anyone do this? You shouldn't have but but I just reviewed why this didn't work But this is definitely lower this week by tomorrow Sue is saying urban is setting up. No, it's not don't short this. What are you gonna short? You're you can't short a bar that looks like this here pretend this didn't happen That's what you're gonna short today. I Wouldn't bullish market Set up set up was valued first set it was valid Over to open a pop fail flipped went over the high rally for the neck for the last 20 minutes ever since then You're shorting a 15 minute bar that looks like this if you do it's a scalp It's a scalp that can make maybe thirty five forty cents, but I wouldn't do it I wouldn't feel confident and doing it I wouldn't feel a conviction Because this bar will not go red today the stock will not go red today Every time I look at a stock and look at a gap and every time I take a short. I'm I'm betting I'm predicting I'm taking it and I believe Fullheartedly that the stock will go red red on the daily chart and this isn't not gonna do it If you we look at this at four o'clock, it will look similar to that or worse You can do this if you want to but I'm not calling it and I would advise against it It did not reverse wish though it opened and popped it was fine It dropped it broke some of you did it it hit so hard I didn't get it and then I waited this look good this look good here Look I was gonna follow through I was just gonna take it and take the original entry and just get the follow through But it never did it and went poop and went over this thing here. This did not reverse wish It still could have been okay And I was giving it a chance to give it a chance at a certain point. You can't give it a chance anymore It's done it went all the way up to the resistance which was the low here, which was 2740 Close enough. This is basically the same area So it ran up in here and hit this hit the button here and it could come down in here But then it'll go rally up again, and it could actually rally up to 28. So I wouldn't short it Tiva is Tiva working You're in Tiva Gala had All right Why do you want to trade so bad for the same reason everybody does you want to make money everyone wants to make money? Everyone wants to make money No one doesn't want to make money Gala hads in Tiva. Is anyone else in this? You're gonna you're gonna have to be patient with this I'll tell you right now if you this is not this is like an all-day play the Tiva I mean I gave it a wide stop It had a big bar Friday. You're just gonna have to patient the markets rally this morning. It's only 950 So these continuations again take a lot of patience best traders in Tiva New York City Bobs in Tiva Pyro Tiva didn't hit for you. It did hit It did it did it hit over here. I don't know what your chart says So we're not getting the follow-through in the spy We're kind of gapped down today in the spy and the QQQ's gapped up So maybe that was why we're not getting Really any good longs. I mean I didn't I didn't like any longs that anybody was talking about ETRM ETRM did open in rally you could have done a woman in high in this dollar stop plus Or you could have done it in here another crazy big stop. What the heck is this? Enterometics Wow, I would not have done this gap today, but it did work And you would have had to take a bunch of sizes now. Let's go back here. Somebody asked me Joeri, do you understand how to take a trade? This is very very important and I want to go over this I'm gonna go over a steel hearts question when I say 99 Do you understand the first number is where you shorted the second number is a stop? Make sure everybody in here understands that and you all should but if you don't then please tell me and then I'm gonna go back and go over steel hearts questions an urban with a 2640 stop to respond to dollars would you short 11 36 shares at 25 96? You people are so funny You must think that I'm a human calculator. I don't I'm not that exact I was just gonna tell you in my mind when in my mind if I was doing this here I would have my mind 99 599 by 50 in my mind is 50 cents even though it's actually 51 cents So in my Melissa mine, I would just say to myself If I took a thousand shares it'd be 500 bucks. I wouldn't I wouldn't say 1136 it's cute that you said that if you can do that in your head that fast then God love you But in my mind, it's not that exact. I'm like 500 a thousand two thousand twenty five hundred You know if I said if in my mind when I say 97 by 50, I'm thinking 50 cents So sometimes a little over sometimes a little under In the end it doesn't matter it doesn't really matter what does matter is that you get the trade you don't So overblown over size yourself that you want to risk 500 bucks and end up risking 1500 and you also don't want to show under Size yourself where you wanted to risk 500 bucks. You're only not risking 150 So so it's just in my mind It's math is easy when I when I round it out But if you want to be exact then and you can do it in your head that fast and do it or have a calculator next to you Some of these trades you do have time to figure it out in a calculator and and you can make a cheat sheet For the times you don't have times sometimes you don't have time now now today You did have time you had you had a long time here from the time that I said 99 by 50 in this to figure it out My way is better round it off. I think so because on a normal day like I can't even think of anything right now, but in a normal day if something would hit Just like out of the blue out of the sky. We wouldn't we wouldn't have time here. This looks okay I mean this do you see how this is back here? I'm gonna just let's go over this here And in fact steel heart was the one I think last week was saying wait a minute Nothing's gonna sell off in this market. Obviously not look do you see the stock drop the markets been rallying this morning Then it fell broke broke the low trying to go higher trying to go higher trying to go higher can't do it You see how weak this is you can tell by the trading action the woman it sure and and again This is you know just to follow through a gap from the from Friday, which it sold off way more than I ever thought it would I Mean I could have told some of you to do it over and over again here This is gonna hit another time. This is valid. This is gonna go, but you're gonna be in this to lunch So do you see here that this this is weak and this is selling off even though the market's very bullish And let's just look at the chart, but you can see how it's Trading you can see it And look where this has to go. I mean this has a long way down to go It's a good trade if you've got patience to trade out the afternoon today and a Monday. This is a good. This is a good call Okay, jewelry gets it and you took a small position at ETRM JL, I don't know what to tell you I told you not to do anything you didn't listen to me You did it anyway some days. You don't listen to me make money some days. You do listen to me and you make money I don't know I think if you just listen to me every day, so you make money once you've still can start to short again I know you made money in this today. I know you're jumping the gun and you're ever anxious, but remember last year You want to do better this year? I Know it's tempting and and and and you see something and you see it going and then you want to do it But it's so critical to get the right entry in these things It's just critical critical critical Now let's look at this because Sue was very excited about doing this, but I don't think anybody should Did anyone actually end up doing this? I don't think you should I don't think it will go red So did you do it or not? If anybody did do it you're scalping it and the target's around 2650 I'm not even no guarantees. It even goes there So let's go over it This one did rate well enough to short it is a short in the bigger-term picture. Absolutely We talked about where this got bought today Okay, but this is probably good for the rest of the week too just like the five really not making carry on this but This is definitely a good This might even be a good swing trade Does anyone else have any other questions? I think I answered everything. Let me go back and look The whole the whole thing about why do you wise, you know, why does everyone want to trade so bad because everyone wants to make money? That's why it's like it's some of these things You know, we did come talk about this on Friday. I mean it wouldn't have made any sense at all to do any options on a short week And a holiday week, but you know on Friday. I saw Amazon rallying. I saw Google rallying I mean all of these things I saw rallying and I wasn't in any of them and really a Thursday Thursday, you I mean, I know yeah, it was Thursday Thursday. I saw I don't know the time it was in the morning or later I mean by Thursday, I realized that all of these things would have been great trades So I'm gonna do an option and something even if I gave it out the full-on week It just didn't make any sense. These things were so expensive to do so so we can't you know It was been so expensive to to do an option and take it out in the holiday week Even when you see it's gonna do it It just it just doesn't even make any sense and then you're chasing it You can risk XYZ amount or take less shares. That's true It's not it just doesn't make sense then you just say what it just is too expensive and and it just doesn't make sense And I'll wait for a better one. I'll wait for a better opportunity I'll wait for a better opportunity that that makes sense. I mean of course I wish that I was long some of these things and options after I saw what the market was doing in the holiday week between Wednesday and Thursday and then Friday it was clear but you know You know, you have to be able to pinpoint the opportunities before they happen. So you get good entries and And very often I do that in those option trades, but some of them I I can't see it's gonna go there I mean look at this. This did not get over this number. I don't think let's look 884 just doesn't really count. You see how this retested this? This is really a crap shoot here with this Amazon. You see how this ran up and retested this? This didn't really get over it. So I mean I wish that I had been able to capitalize on the bullishness in the market last week, which is very very clear In the QQQs, but who could have how could we have predicted that we couldn't have so, you know That's why we look at things that we can predict using the rating system and this isn't gonna go red today I really wouldn't be short this and I didn't make an official call on this past the first setup But the first set of fail, it was still valid to do if we took a loss in it today There's nothing wrong with that one loss isn't gonna kill you and this just never set up, right? It's like a WTW You need to know why 2715 was not a right entry on urban I'm guessing you're on the one-minute chart. I don't see 2715 where I don't even see this in here Soon, where is the 2715? If you're looking to take an entry in a one-minute chart. I don't see 2715 at all Here's 2715 Where I don't see any entry in here that I taught you and I'm confused where you're saying 2715 at all. I Don't know where you were getting 2715. Do you want to tell me? Where is 2715? There's no setup in here Again, I wouldn't short anything in here that even is looks like it's setting up because of the way the gap is traded out today But there's no trigger point at 2715 in here in this one-minute chart. I Can look at the five, but I don't think there was in the five either No, there wasn't You want to tell me where you got that number? It's not here. It's not here. It's not here and it's not here Let's look at what the best gap was today, which I which I didn't do and and I wouldn't have done It was this so let's just see what the stop was It would have been 206 What do you have been this I have to actually get the calculator out for I Probably would have put the stop at 209. Well, it would have been $2.50 So this would have been $2.50 for the stop. Let's see where it went It actually was two hours in here. Holy crap. Look at that. I wouldn't never done it though Would anyone have done this if I had done it? I would have never done it I did see it and it was a good gap, but I didn't rate it because there was no way I was gonna trade it I don't really thought urban of the five would work. I don't think anyone would have done this with me Yeah, except for maybe Tom But I couldn't do it. I mean, it was just no way Gallagher you would have done this You're the only one besides Tom, but it actually was two hours right in here. Look at that in Two minutes. I don't I don't I don't think I could have shorted this at a one-minute low even if I Was gonna short a $200 price point gap like this even if I liked it and was gonna do it I don't think I would have done the one-minute low. Let me just look at this here 203.50 again, it would have been about two two and a half bucks for the stop huge move Look at that dropped not quite about eight bucks Eight dollars. All right, let's look at what's out for tonight. No one wants to trade even one. There's nothing good Let me just look at what's out tonight Because of the fact that everybody wants to make money I mean so, you know and and I want to make money too, but I definitely think that I've gotten better a more disciplined not chasing things Or trading when there isn't anything good, especially last year. I just don't think it ever pays Why do you think people lose in the market? I mean people people lose well most people lose So you didn't you didn't answer my questions why? Why you thought 2715 was a number here? I Have gotten more disciplined. Oh, thank you Some of you want to have fun along the way well to me making money is fun actually but the problem Is the losing is not fun? So making money is definitely fun. So if your choice is this is tonight This isn't moving at all. I'm just going to scan here while I'm talking if your choice is if you want to make money That's fun. That's true losing though is not fun. So if you if you have a choice to have fun No reaction, which would be not doing anything. You're not having fun You're not having a terrible time or having a terrible time, which is losing then, you know You can't have fun every day. You could try but I don't want to be miserable, which is losing Some days you just have to be neutral like a stock Cuda, maybe this is out tonight. The other thing didn't have enough volume This is then to boy thin things tonight, but I'll put it on the list Right. I'll put the list in the room, but everything looks really thin. That's out tonight Because it because it started going down because it started going down at that point I this bar is the high in here the high it's set in the day at 943 the highest 2727 and I don't see how it started going down at that point if you're looking here the high This is 2711. I still don't get the 2715 none of these numbers say that it didn't start going down at all It's not going down whatsoever It's been rally never since this breakout bar here that happened in 934 If you scoffed it made $60 and run home with that money and don't look back This is not going to go red today Doctor told you the target if it keeps going Irish 28, but I know I made just flat line here I still don't know where you're seeing the 2715 unless there's something off on my charts. Here's tonight's watches I used to say this all the time to to Tom it's just so important to feel good about yourself and You don't feel good about yourself when you do things that you know, you shouldn't now There was nothing wrong with this and I almost did it I had the hand of the button and it hit it broke too fast and then when it bounced I thought I'm gonna wait for the confirmation the confirmation never came The confirmation would have been the secondary entry the break of the same number the follow-through and to hold the high and didn't do it So I never got the confirmation. It had the volume in here though. It was a valid valid entry It just didn't follow through So sometimes things rate well trigger fail That's when you take the loss if they set up again, you can retake it I kept watching it. I kept watching it. I kept watching it. I kept watching it. I kept watching it. I kept watching it It never set up. So I didn't chase it Of course, I wanted to train today, but I think I'm more relaxed on Mondays than any day of the week and I luckily I didn't take a loss today The problem with Mondays is you have low volume and You don't have everybody sitting at their desk looking at stuff or pre-planned things from the night before And the market is bullish. I don't care what anybody says and even if we've fallen a little bit here I mean, we're still bullish very very bullish and back up near close to the highs again. So You know, we all want to make money, but I think I think as you As you grow as a trader and mature you realize that feeling good about yourself is more important than Necessarily the money some days even though there's probably days where I if I start the day down like this Let's just say I had done this if I had done this and taken the loss in this which I didn't But let's say I had if I had could I have been able to find something else to come back in the day? Yes, would I have I don't know maybe it depends if I had to leave the house Or if it's something to do today or if I had time to sit here and and fight to come back for what one are I mean fighting to come back is you're down, you know, five hours You know as some of you have this mentality like oh my god, you can't lose at all one are you should not feel like you're fighting to Come back because one loss can spiral into three or four before eleven o'clock and You're really chasing chasing your day then I mean so the problem then becomes you know If you're if you feel like you can't accept one are lost or one loss of the day or One loss in the week or one loss in the month if you can't stomach that then your risk is probably too great Or your mental attitude is shot and you've got to overhaul it because no one should be fighting to come back from one loss And I'm talking from experience because when I first started trading I felt like that I never wanted to lose but but you learn through experience and you grow and you mature and you realize It's not that big of a deal and that the potential that that the one loss could turn into three very quickly Which would be harder to come back from is is a problem because if you start out the week with two losses or three losses And that's how you're starting out your week It's you know how are you going to end up making your financial goal? Even if you have a great gap Tuesday Wednesday Thursday Friday if you take too many losses in the start out the week In a Monday you could you might be able to come back the following day in one full swoop break even but then you Got the rest of the week Which would be Wednesday Thursday Friday And that's if you make three hours on the Tuesday if you lose three on one day You're basically not starting your week till Wednesday You know what I'm saying? Where is your mental attitude going to be this this Trying to come back and trying to come back and trying to chase it and Trying to get them out in front of it and trying to trying to trying to trying to trying to come back Here you know what I should you'll have to go came and do you I'll see you tomorrow then um Look at the five trying to come back from behind as a mentality or Having that mentality is problematic even if it's a reality. I don't know if this makes any sense No, I would I would not I would not do this I would not do this to set up a 940. It's set up before 10 o'clock But I don't like the way they're rallying here at a length of first 15 minute bar Could you get a short in this today better than urban? Yes might this go red today? Who the heck knows it might it might go red today But the fact is that it opened a reverse swoosh It ran up here straight up till 940 I don't know for sure if it goes red if stays green I said I think this is a good watch for tomorrow if it collapses under the low though If for surely we'll go to the numbers I gave this morning, but it's going to do it late It's 10 15. It's Monday. This is set up though in the 15 minute So what I have done this now. Is there an entry in there in here? Yeah On the two minute you could have done this here. You could have done it here You could have done in the five you could have done the 15 minute you could do it right now But where is the stop the stop would have to be over 39? It would be one dollar I think this is a better watch for tomorrow or tiva if tiva goes Let's look at the tiva again Tiva hasn't gone anywhere yet, but it still looks weak Forget what I was going to say. Oh trying to trying to come back I should talk about this tonight in the webinar. I really not a football person I really just don't even understand the game at all. I know when you get a touchdown It's this many points and when you have a field goal It's this many points, but I did watch the games. I like had them out of the background. I was doing stuff yesterday um The giants that were talking talking talking or they had a good first period or whatever they were up three points And that you know, and then they were up six. I mean they they weren't really scoring. They weren't really they they were They were they really weren't pulling ahead. They weren't being aggressive They weren't being aggressive enough to win to pull to pull ahead. So then they started to get down So then it was break even I think then they started to get down And then they were trying to come back and then it was a blowout. It was a blowout like the first game So, you know, if you want to win you come in strong you come in strong at the get-go Trying to come back is nearly impossible in sports and in training I'm not saying it's it's it's impossible, but I'm saying it's the it's the hardest way to go Now what the problem with training is that some people's mentality is and I get this all the time I mean actually still hard. I had this conversation with you whenever that was a couple weeks to go Two weeks ago. I mean when when when people mentally in their mind are thinking that they have to come back from anything anything at all Which which and I this is a complete generalization, but this is people's mental's attitude Like let's just say you started trading Let's just say you started trading on your own in 2014 and you lost money the whole year whatever you lost Then you took a class you didn't learn how to make money in that class So then in that mind you tacked that money on that you lost from the from the training from the market Then you tack on the money that in your mind that you're down negative from the class You took because you couldn't make it out there and you take another class another class and then you go trade again Meanwhile in your mind you're you're from day one When you ever you started this process till wherever you are right now And in your mind you're chasing to come back So you are you are behind the ball of the get-go from the beginning instead of getting up every day looking at The five or urban or whatever and just trying to make money on the day living in the moment Is one of the reasons why people struggle with trading and And it's definitely one of the reasons why trading educators get the short end of the stick In fact, I was talking to Roshan about this this morning I was talking to him about this this morning and because I got some nasty nasty email over the weekend From a person that's been following me for quite a long time It was interested in the class and was even in in trials And then went off on me in an email out of some some anger that was seemed so personal But this person didn't know me at all and actually had done several trials But I think they've been following me since since the class was a lot cheaper And all of a sudden this person was very angry people want to put a face to the anger Which is why people don't like trading educators and i'm generalizing here Some of you really appreciate me which I which I am thankful for But people want to put a face to the anger they have with the losses in the market They want to they want to put a face to them because I have a face to my business Sometimes they put a face to me So if they see someone that knows what they're doing or is successful Or is charging for information Even if they know the person knows what they're doing and been following them for a while Which this person has or they wouldn't been watching every video or reading every email for um teen years They want to they're that person probably has been losing for the whole time they've been watching me and never did the class And once you just yell at somebody So the problem is that people have to accept personal responsibility And you can't you can't live in the past and I know it's hard But yeah, otherwise you're chasing from behind and you never you never get a threat The giants didn't come in hard enough to win yesterday. Who knows why they just didn't It was a boring game from the start And I thought when the announcers were talking that they were they were doing well I thought they're not doing well or not doing anything at all So and then they then they then they let it slip away And that's it was done I knew it was done after as soon as they were as soon as they were up by the six points And it was like 14 to six I know I said this is done and then it turned out into a blowout and they just had Touchdown after touchdown after touchdown and the team against them and again, I'm not into sports of football They were really reminded me you got to be aggressive. You're going to win This chasing to come back mentality It doesn't serve you and the problem is that people are like that in their mind about the market and classes And they roll it all together in one big lump and they never they never make it They never really pull ahead somewhere along the way. I forgot how much money I lost at the beginning I have amnesia about it. I would never want to live through that experience again And and I never will but if you don't have amnesia about stuff you did Trust me You're going to have a hard time pulling ahead I don't watch sports in general. I just happened to watch the the games yesterday because Because the Giants are in New York. It would have been nice if they made it And friends of mine actually went out to the Steelers game She had the facebook live on there because their big Steelers fans and they they won that was a blowout All right, good lecture today great lecture today great lecture today And for those of you that lost money in urban suck it up Come back in tomorrow. We're going to have a good week. I have no idea what we're going to get As far as the market Just let it pull back or do whatever it's going to do. I don't know Earning season doesn't start till next week. We talked about this I don't know what I'm going to call an option again. I have absolutely no idea. I know we're not going to chase them Think about what I said It's good to hear. I'm not a Steelers fan. I I don't I don't really have an allegiance to anyone I just I just would have been fun to have New York be be in the in the Super Bowl. That's all But they they weren't aggressive enough They didn't come in to win They got behind And it's hard to come back from being behind And if that's your mentality you have to not only do you have to Overcome the coming back in your mind the pressure It's the pressure the pressure you're down the pressure you're down the pressure you're down You're down you're down by one touchdown two touchdowns three touchdowns. Holy crap We got 11 minutes left to go. It's never gonna happen So i'm not saying this that way with the market, but i'm saying one loss you can come back from on the week Three losses to start your week 11 o'clock on a monday It's hard. It's hard mentally You got it? All right. Have a good day everyone And i'll see you tomorrow You're welcome jewelry. All right. See you tomorrow