 For example, if the stop if we end up doing this I don't know if the stop and Hertz is 30 cents and you take a thousand shares you'd be risking $300 So you're the what the question you're asking me is with BP with buying power and margin Which is something separate, but you need to know what your dollar and Sense risk is which has to do with the share quantity you're taking and I think maybe that's something that you're that you're not Doing correctly if for example, if it's 20 cents and You take a thousand shares it'd be $200 So if you don't want to risk $200 and the stops 20 cents and you have to take less than a thousand You could take 500 risk a hundred bucks. I don't know what the stops going to be in this. I'm just using this as an example I'm not really been anything today. We're gonna look at two things. They're okay. They're not amazing They're okay Yeah, well, we'll talk I figured you weren't doing it that way Brad and Mimi was asking about the stop last week, too Which made me nervous that made me Mimi Are you actively trading now or you're just watching because you asked me about a stop like five minutes into a trade? We will go over that for Brad and maybe Mimi needs to help too when we're done here today. I Just Don't know if we should watch two things or one We should probably watch two any questions before we get started Hain and Hertz Are the two calling my home because no one knows my number Sales sales sales Okay, that's fine Mimi. We're still gonna go over the Margin and risk and stops and all that we'll do that for Brad then interesting day interesting day So market gapping down this morning see what happens here Should be some political news out this afternoon. We'll see what happens here not surprised markets gapping down at all So watching this very carefully here Watching it very carefully didn't call an option this morning almost did Trying to be a little conservative here, but not surprised at all. We're down this morning not surprised whatsoever So let's watch two I wish we could just see one thing and say this is amazing. Maybe we'll get a day like that Maybe we'll get a day like that this week. It's only Tuesday Good luck everyone. If I see something here, maybe we should watch Hertz first So now I switched I've got Hertz in the main Hain on the side here Just remind me of that question Brad. Okay stops gonna be 30 It's gonna be I guess it's gonna be it's gonna be Hertz and I do not have the entry 85 by 30 85 by 30 Hertz and it just get in it now. It's gonna break get the stop at 30 20 30 20 30 Hertz It didn't it didn't break, but it looks like it's gonna I don't know why it's sitting there and Hain's probably gonna work, too This is probably gonna work, too. So that for some reason just has a really crazy bar there What's going on with this? 87 by 30 is valid. This didn't break yet. I like it. I know what's going on with us here And this is gonna work, too. What is going on with this? There there there there shoe That was really weird. Okay, great. Here we go Hertz and The Hain look like it was working, too first target on this though 1960-1950 Well, I took it early that could have worked against me Let's just see here. If you if you if you didn't get filled hit it with another ECN It was acting strange there Hit it with another ECN. You probably get filled now Galahad. It's not that far away or wait So let's look at the other one, too I just don't like the way this is trading here after that first bar, but HTZ You got to start checking that Brad. Well, we'll go over all that later. You have to start checking that Here HTZ is anyone in it? Galahad didn't get filled. I don't know if you pressed it again Galahad here Hertz Turtles in it. Galahad's in it now And this just doesn't look right here even though it's dropping 1940-1950-1925 Let's just let's just see here. This is acting strange, but this guy I think 1950 is realistic here if you ever don't get filled press it again with a different ECN Broken here yet. Why is this taking so long? 1975 let's find that number See here if you had your water sitting and you didn't get filled you would have gotten filled just now see But you don't know if that's you never know if that's gonna happen or not But if you had an order sitting you and when this little jiggy went up you would have gotten filled And this is dropping. It's just acting really weird. It's almost acting like you can't trade it so Just gonna leave it. I mean it obviously dropped This is cleaner here just make sure you got the stop in I Don't think this bar is real. I don't know Is this bar real here because I read it differently Let's move off of this and see. I don't know I I had a different number there and now it does look like that printed did that print or not What does everybody have for the high in the first bar? Gallia likes perfection, but that's preventing you from doing well. So You can't I told you this before you can't be black and white you have to live in the gray if you want to do well That goes for all things Here we go HTZ So everybody has 45. I really want to leave it where it's at. I gotta be honest with you I don't even think that this should go back up here So I you know do what you want if you want to move it up move it up. I think I'm gonna leave it In fact, I am so Brad did get the HTZ. Okay Here we go. Let's try to hold this down in the 50s So I was having an issue with 75 and I really can't see any reason that makes any sense why That Here's the market Here's the market crap here be in this and I'm gonna look at something here to maybe call an option in this Just stay with the trade stay with the trading and to try to do more than one thing at a time Just stay with this trade. You have to stop in you have it in I decided not to move it But it's struggling with 1975 it's gotta go that with them especially with the market here I don't know why that is having a hard time with that number. We got it I mean You know, if you wanted to piece me a lot of that, but it really wasn't much I'm trying to stay with this I mean, I think it looks great, but It did not break 75 yet. I'm talking about HTZ And I'm trying to get some options out here for people in the letter and watches at the same time But I really just don't think it made any sense to get out of anything there and Hain is setting up again. Hain you could short if you want stop 70 It's it's about 50 cents Hain you could short put the stop at 2670. I'm really gonna stick with HTZ I don't know why it's doing this, but I'm not putting this stop. I'm not moving it So, I mean do whatever you want to do with that. I don't think it should be backing up over this over 20 I'm gonna find out right now. We're still in it. I'm not moving to stop That's how I size myself anyways Highest point in hit was 25 still hanging on let's just see and Hain went back down to the low and now is bouncing to so Don't just I think everybody should have the stop where we originally put it not over 45, but it's totally up to you You know, you'd lose more than one hour and we are gonna go over that today This is holding I don't like the way that it was struggling with 75 And I can't see any problem with the number and based on the market. They should just go so I don't really want to move the Stop I don't want to give it any more excuses here Okay, I sent out two options letters for anybody that's on the letter where we're just in this here now waiting This holds this is really gonna go and I'll call it again Hain I told you you could do and I gave you that I gave you that I gave you the stop So if you wanted to do that, I'm not doing two things here at the same time Hey, never really gave you if you wanted it wasn't a small stop looks like it went down to the low I don't know if it broke any further. I'm not doing anything else right now. I'm focusing on this Gally had I'm not gonna get an argument with you about the market If you did Hain and Hertz great Trying to focus on this Make sure you have it at 35 Make sure you have it at 35 Hey, hey, so he's a 26 for those of you that did that that worked. I'm still in this I'm not doing two things. I really don't want to do anything else after this I think this has been very choppy. I think being focus is the best thing We ended up having a half decent day yesterday for a Monday. I really just don't want to do anything else I'm sticking my guns with this if you did both great You're still in this if you did it and Hain went You got a watch 26 though. It's at the target. This was a good gap. So I believe it goes But this did reach the first target. So if you did that and you did it late, I would scalp it Gally had you are arguing with me if you're trying to tell me you think you know better than me about the market. I think you're Smoking something over there in London. All right. Who's an HTZ? Who killed it? Who got out if this goes back down to that number 70 1975 it will break But it hasn't yet. It struggled with it It's very jerky I'm not giving it over the high and I really don't want to do anything else Happen to that we need to be a little more relaxed here. It is summer after all. What was the one the other one? Z what happened to that? Oh, I didn't even rate this You got lucky not doing that sucker. What was the other one? There was another one, too I'm sure a singer that's up to you as far as how much you want to have on as far as your wrist shower singer saying would you do this one? We have the other one on it's Up to you how much you really want to have on at one time that you feel that you can stomach It's pretty much the best answer. I can give you there This set up. This was late If you've got more than one trade on say two three four five for the overnight If you're if you have a problem mentally with that then don't then don't do that many You know, I don't I don't know what to tell you with that some weeks I don't call any some weeks. It seems like a calm word is earning season You got to be aware of that. There'll be more an earning season than non earning season. Here we go. Hello Here we go HTC have no idea why I had a problem with that number But here we're getting back down around it and as soon as we hit through it We should have an ice drop and then we're out nine forty six If you don't want to have too many trades on then don't don't do the new ones I like the new ones. I'll explain why whenever we get out of this, but I have to also answer Brad's question Gollyhead wants to challenge me and say the markets higher Here we go. Yeah, I hope that see if you would have gotten filled here You would have you would have you would have gotten filled. I was in an unusual situation, but she would have gotten filled Here here, you would have gotten filled for sure here if you hadn't gotten filled So here we go four pennies under the low HTC Apple's done with that move Let's look at everybody else here This today may 8th. All right. Here we go. Let's just watch this drop 1960 1950 Okay, so I just made two options calls and Gollyhead disagrees with me, so he's probably not gonna do them Here hey, if you want to do it again, you could do Hain if you didn't do it scalp it stop 2660 Everything's fine. If this breaks 26, you can have another big drop the stock can move again If you're an HTC, I'd stick with it. This is having no problem. What's Brad's question here? So Brad based on Wherever you got filled. Let's just let's just make it easy here today Let's say you did 90 by 35 and I'm just trying to make it easy here. Let's say you did 90 by 35 What's the risk in that Brad? And I'm just gonna try to make it really easy for Brad here trend trader Then I'll send them to you right now. We'll have to figure out that problem. Are you getting the big emails? 35 is what 35 is what I'm talking to Brad or anybody else wants to answer, but I really want Brad to answer No 90 by 35 Here here we go. Hold on Hello, there it is some movement. Okay Here we go. Here we go Don't you dear bounce Here we go. Yay breaks 50 if not, we're out Wow and a nice column. We stuck with it too and I had the stuff of the right place Yeah, here out out great. This looks like it could get to 19 there today with the market I don't know what time Nice trade And we held it till the point that we needed to okay, let's get back to what I was saying. All right, let's go here No, it's not a dollar 50 You take the amount here. It's gonna try to break 50. You take the amount take the amount and the amount is 45 cents is how you will determine your risk so 45 cents That's not gonna have anything to do with your buying power here This is gonna try to break if anybody's still in it. Watch it. Watch it. Watch it. I think it's gonna break 50 now though 45 cents. So again, if you take a hundred shares That'll be what 45 dollars 200 shares and be what 90 dollars and so on and so forth That's how you have to figure out your monetary risk I think you're a little bit all over the place with that Brad So if you would normally risk a hundred dollars per train How many shares could you hear it just broke great great call great credit for stealing it here? Oh, wow, look try to hold it if you can get it under 30 here. Is anybody still in it? This was a good call and I did was so bouncy bouncy. I said 1950 I stuck with what I said here It got to 25. This is what a nice move. Wow. What a nice move if this hadn't acted so bizarre We could have taken more in there, but I just wasn't gonna do that today So anyways 200 shares would be 90 bucks. Go ahead. Didn't you make money today? You wish what? Did you make money today? Yes or no? Because you should have Brad do you see what I'm writing now as far as your You know BP if you made money then stop complaining stop wishing. What are you wishing for? You just made money today? 1990 times 200 shares equals what? That's what's gonna come out of your buying power Brad I had if you don't stop change your attitude You are never gonna turn your situation around you are never never never gonna turn it around your attitude is so negative We've discussed this before here HTC is getting down to 19 if anybody's in it watch it look at that bar Here it's at 19. This was a great call I'm fine with what I did on this though personally Brad you would take 19 dollars and 90 cents times 200 shares and that's what it's gonna take out of your buying power Go ahead. You need you know what you need to change You're just not doing it and you're still have a negative attitude. So you're clearly not doing it If you made money today, you should be happy and you shouldn't be complaining Do you hear me complaining that I got out of this and it's still going? No 3980 Brad is saying that's right So that's what it's gonna take out of your margin or something. I didn't figure out exactly on a calculator, but Estimated it's close to four grand. So that's what it's gonna take out of your buying power Now do you understand it Brad? Mimi you've been getting them I'll send them to you Mimi, but you've been getting the options calls So they're probably in your span is the first I heard that you have had an issue I will send them to you as well Mimi That was a really nice call They're probably in your spans Mimi, but I just sent them to you and any single solitary person that's still in this You should have your hand in the button to get out of this any second if you held this down to 19 It doesn't break 19 get out if it does stay with it and see where it goes. It's ended up being huge trade Oh my god, it just broke it just broke. This is crazy. Look Wow, this went more than a dollar from where I called it. This is insane And you know why people were trying to buy that that was a great call Is anyone still in it and I'm not saying you should be but I'm just wondering is anyone still in this to get that through 19 unbelievable quality I said, yes, dude are put a stop over 19 Brad made 70 dollars and hey and he's happy if you've sized yourself, right? That's what that's what that's what counts That's what counts because what you don't want to do and I think maybe this is why you've only been allowed Sometimes to take one trade bread. I think you're over sizing yourself But now you know now you know how to do it. So I don't think you're going to make that mistake again I think everyone should be out of this. I was out of this a while ago But it was a good move was profit. It was money and I wasn't crazy about any of the gaps today This did work. This had the biggest move. I think This had a couple little plays in it, but it was really weird here. I just didn't like the way this traded out So you could have scouted this here here. They both worked. This was the best one. So I picked the best one It just took a little bit longer to go I wasn't curious about anything really today. I gotta be honest with you. So I'm glad we stuck with this I wouldn't take the max shares of your buying power unless you have to unless you have to to to meet the requirements of whatever Your risk is per dollar and cents to get the position for the cost of the stock If you have to if you have to to do that then fine if you do not have to do that then don't It's not you shouldn't be maxing out your buying power every day. No just for so Because then your risk is not consistent either All right, so I think brad's got that down Mimi you've been getting the letters. I just forward them to you, but probably just check your spams Is everybody out of this? That was a great call. I'll send it to you right now jackie You're on it too It's not too late. So don't no one have a cow Does anyone want to go over anything? It was a great call So turned out to be an easy day, which I couldn't see before the open But I did see this here the red in the market Gala had if you just did the trade that I called Which was a spy put and you told me 15 minutes ago that you think the market's along Then that is another problem that you had that I didn't even know you had So if you believe the market's along, why are you shorting it? I have no idea what you're doing gala head Why would you do something that you don't have conviction in why? No, you're not following me. You're not following me You are not that's why you're having problems. You are not following me But you will you will a hundred percent screw up this trade. I guarantee it to happen You will screw it up even if it works Because you don't believe it's going to work and you did it anyways I honest to god If you don't see the trades I call you shouldn't be doing them. You think that this is a long and I called the market lower today From the option letter you should have all gotten it But if you do not think the markets along short if you think the markets along, why did you do the trade? And I have no idea why you think the markets along You are looking at other things that are are so messing up your head They are screwing up your head like nobody's business I mean besides the fact that you know, you have been very very negative you are absolutely Just totally of lost sight of everything I've taught you completely. I don't I don't know You really need to pay for a retake of the class and you need to stop looking at other things And and you shouldn't have done that trade because you're going to screw it up because you don't even think it's going to work Today was a good day Could have had a little bit longer. I don't care You got to be happy for what the market gives you any questions from anyone about anything at all James the acid today was a great day. You are correct today was a great day Every day you make money in the market is a great day And it's not to say the days you lose aren't great. You might have learned something from a day that you lose I think it's unfortunate sometimes when There's two or three days in a row where things don't seem to be shaping up immediately a quicker fast And that was the case last week It was almost the case yesterday turned it around today was good I think these are challenging times here in the market where you got to get the read right You got to get the read right We stayed with this trade. We almost stopped out It worked. It was it. It was a good read and it was a good call And you just got to keep doing what I've taught you if you veer off course You're 100 responsible for the decisions you make Pred says you learn quicker when you lose. Well, that's a good way to put it Well, you learned about sizing today. So that was important Okay, have a wonderful day everyone good luck Wherever you're doing on your travels or wherever you're going today I will see you back in the room tomorrow morning I would not do anything else tricky here political news coming out this afternoon. Trump talking at two