 Good morning everyone and welcome. This is Melissa Armour with a stock swash. This is TLRD This is a good gap today rated 20 points and it worked Eric did it. You did a good job saying this Okay, the only thing I could say today is just be a little bit faster But but you know this is still very new for you. So anyways here it is and The interesting thing is this is only even traded out for one year. I typically I'm not crazy about these It only has one year of trade history But it worked Actually, and you didn't even check if you had this short, but luckily you did. Oh, yeah, cuz you didn't check in the morning All right, let's take a look at it It was a little crazy until it broke. Were you scared because it backed up you took it and then you were down Little bit. Yeah, you were scared swinging around. Yeah here. Yes Because it was So here was the here was where I called it and then it then you were down in it here And it was almost stopped down. It was getting close. You had to stop in the way And then the same thing happened here and then you were down again You're at any dollars So if you want to get crazy you could have taken more here But the stop would have been the same place anyways a drop drop drop and then you got out And then it went a little bit more What No, you can't get nuts You are hilarious first of all You did not even fill out the sheet this morning to see what your maximum buying power is a position You could have taken you don't even know Remember you tried to do the target one the other day and you couldn't so who knows you could figure it out In fact figured out right now. What is the maximum amount that you could have taken in this? I don't know at 16 at 16 you you got filled at 1667 You wouldn't have been able to take a little over a thousand actually and you took how many Yeah, so you wouldn't have been able to take maybe like 1100 or something like that But if you don't even have that figured out You're really doing all of that in your head as well Besides the position sizing of the stock, so you know again on the sheet in the morning number shares Quantity you can figure out what you're allowed to take it's more important Yeah, you could have taken at least a thousand You know Anyways, the point is you did your right size for your risk with the dollars and cents if the trade had stopped Yeah, you don't max out my buying power That's what you would have been doing here because the bottom line is the stock couldn't be lowered You would have had to keep the stock the same just to stay in it and it was bouncing Some people said they did chicken and eggs. It's which is fine They laid trade like that this scalp to get out here and here and then here But I felt like it was gonna work. I felt like it was good. It was good Typical traders that look to buy these things in here and then they're stopped out here when you get the flush Traders like to buy these again for the gap fills similar to the urban what people like to do But do you see here the consistency as you rate the gap it rates? Well, you follow the trade you take it when it sets up you do it I said sixteen dollars for this today, but you know, I didn't know the time it would get there Let's see what it did get there. It was a little later. Well got to fifteen seventy five fifteen seventy one Time of the day was eight ten thirty So you would have had to hold it like for another half of you would have had to hold it for another half an hour Which isn't that bad to it was bouncing. Of course, nothing goes straight down. Yeah, nothing So if you can't stomach that then you get out you wanted to retake it again Let's just see it did have one more. It did have a setup in here late It did have a full-on set up I was lecturing but it did have a setup that you could have resorted it in here and taken it down for like Another fifty cents, but when you're up for the day and your goal is in for the day Then I think you then you I think you stop basically you made 15% of your account today That's good. If you did that every day, that would be fantastic. Okay, so there was nothing wrong with getting out where you did And some people got out a little bit later, but it's fine Do you have any questions about this at all today? Well when you what made you go from Because it was because the spread was changing see now here it was it's one penny But I saw it open up then it was opening up then were you watching this at all that they'd asked for level two You have to look at the spread So I always give the cushion for the spread and then it was opening up like five six cents And then I was like crap put pull it up. It didn't matter in the end. I think when it retested it 1705 but you got to give a cushion and then you give the spread cushion and I just didn't know them because it was opening up now. It was pretty firm now Oh, no, see there it is to say just thought it was two cents. See now. It's three cents. See now It's three cents now. It's two cents But it was it was it was like going five cents six cents then after we were in it And then I was like a boom and then gave a little cushion Doing something like that isn't gonna kill you if you give a little more run But you still gonna have a cutoff point Do you see yesterday if you had had to stop in for that one? You have to have to have to have to have to have to stop and and the problem is you got to know what for you to take The exit you got to cancel the stop and then get out and you got to be able to do that fast enough Because what if it doesn't go you think it's gonna get out Reminded me What you didn't you didn't put the stop in cancel the stop and then hit short Well, you got to remember that that's important. Yeah. Yeah, yeah So this was a good one today You did a great job and we'll probably get a good one tomorrow The only thing is we I mean literally you did a good job flipping to have this up today because staples was the one You're originally watching and I said just have this happen You'll be fine, but this really did end up working out the staples did not in fact Let's look quickly at the staples. Wow. Was this really crazy today? Look at it. Look at the first 15 minute bar. It's insanity The first 15 minute bar. Look at the tail on it. Look at the tail there that look at that spike That's what we watched. Look at the daily A little bit it did, but how can you touch this? This looks like a dangerous It was there was no correct entry or set up in this after the way that it opened it's unfortunate So this was much smoother even though we waited oops. No, that's the wrong one. Hold on Even though you waited This was much smoother ride. Don't ever trade something like that that has their tail like that. It's very dangerous It's too much machines and you'll get hurt in it. You won't make money in either direction something like that So this is Melissa With the stock swish here with Eric and we just reviewed the TLRD stocks will show play of the day Good job today or if made money, we'll see what we get tomorrow. Have a good day everyone