 What's going on everybody? This is Giovanni from the Options Trading Channel. I'm getting a signal here on the queues while the entire markets are up to ginormous. I'm going to play this a little bit differently, differently from what I normally trade it because I want to trade this signal here. I'm going to trade the 190 calls that expire in 11 days. I'm going to actually set myself a sort of stop loss here. I'm going to go ahead and trade two and market. I am in, I believe. I'm in at $6.40 and I'm going to get a stop loss of $6, $6. I'm going to limit my downside and it's already coming down drastically, but it's okay. We're just going to sit there and just we're going to see, we're going to see what happens here. Just to show you the order here, bought two of the April 17th 190 calls that expire in 11 days, bottom at $6.40. They're already down quite a bit, at $6.19 by $6.25 and normally I like to be deep in the money again for demonstration purposes. $6.40 plus $6.40, so I'm going to sell one at $7.04. That's what I'm hoping that it gets up to. All right, guys. Let's see what happens. Let's see if we can get up to $7.04 so we can sell out at a 10% gain and we're going to hold the other one for bigger gains. Went ahead and sold one at $6.50, tiny minimal gains, but let's see if we can get more at $7.04. I just don't, that gap, that ginormous gap is pretty scary, but I did sell one just now, $6.50. I went ahead and sold the other one at $6.70 and that's good enough for me. I only made $40 today. I just, I have a gut feeling that it's going to start coming down and it's going to be tough. It's going to be tough for it to actually, excuse me, it's going to be tough for it to actually continue up higher, so I will take that and it might blow up from here and it did blow up. What's up, everybody? This is Giovanni from the Options Trading Channel. I got to follow my plan. I have to check my emotions at the door and it's really frustrating. It's really starting to get to me. My biggest issue right now, this second, is the idea that I don't have enough money in my account. Should I get myself in a really bad trade again? The last time that I had a really bad trade, I lost $500 and basically I traded the strategy itself and that's okay. There's not a single strategy on this planet that is going to give green trades, green signals, perfect trades all the time. It's just that's not the way this works and I understand that. So I really do have to check my emotions at the door and really just trade the strategy, trade the plan, follow the plan and that's what I'm going to do really quick. Let me show you something that I did and I want to explain something to you about the strategy that I'm using that I absolutely love and I'm just going to let the numbers work themselves out and let's get to the screen so I can show you that. What I wanted to show you, I did this over the weekend. Basically I got the trading report of all the trades for the last 365 trading days, not 365 calendar days but the trading days so about a year and a half or so worth of trades. In the last 365 trading days, the strategy took 108 trades. Had you actually traded the underlying stock ETF spy and traded 100 shares and traded the strategy to the T and you didn't imply anything else just followed the signals, the entry signals and the exit signals, you would have made out total profit of $7,847 after 108 trades. Here is the interesting thing. Out of the 108 trades that the strategy took, 57 trades were in the red meaning it lost money and you can see the total amount lost. Had you again traded 100 shares and exited when the strategy said and then 51 trades were in the green. This is not implying any kind of skill, any kind of strategy, it's literally just following the arrows entry and exit arrows. Here's what happens when you add a little bit of money management skills and managing the trade. In a nutshell, what I did was I went in individually on all the red trades, all the bad trades and implemented my 10% selling half at 10% and writing the rest for bigger gains or exiting out at the exact entry level again. Breaking even on the second half, you can see by the W for win how crucial it is that you implement money management skills and you can see, obviously I'm going to go ahead and count them for you, 34 out of the 57 you could have squeezed out at least 10%. I hope I'm making myself clear. You have to put some type of scaling out strategy, money management strategy, it helps out tremendously. Now some of these trades that you're in the red, there were big losses, there were about 40%, 50% losses. So basically for any one loss, you might take you three or four trades to actually regain that loss. Many people have different ideas, you may want to find a strategy that makes more money percentage wise than your losses, but either way guys, I just wanted to show you this, how amazing it is once you implement your scaling out technique and or money management skills. There you have it folks. I'm just going to let this thing do what it's supposed to do, what it's designed to do and it'll work out guys. So stay tuned on the very next trade, although today's trade was a green trade, I made a tiny little bit, but I didn't stick to my strategy, I didn't stick to the plan. So hopefully the next time I will win or lose, I'm going to show you that trade, win or lose, I'm going to trade the strategy. Thank you everybody so much for watching and greatly appreciate it. See you here next time.