 start from the beginning how much are you up in the train at the high of the option chain work with this morning I don't know what I was first thing this morning but the moment I'm up 805 I was 1100 a few minutes ago well you should know where you're getting out of this before you take it and if you did add yesterday which I told you to do so look you made it a better trade that was good advice I'm glad you did it but either way when you did that you should have know where am I gonna get out of this so next time decide where you're gonna get it out either a price point or money or something yes well the target is normally the strike price isn't it yes it hasn't hit it's hit 264.41 that's pretty close well it's not it's not 265 is it I mean it's close I mean six hundred dollars because I mentioned this in the class over the weekend I said I have a trader that panics when he's up you're the only person that I know that panics when they're at money decision because in the moment you're up you panic you're panicking right now you're up $800 you'd be happy this trade isn't gonna get away from you today so relax whether you take it out with 800 900 a thousand 725 you're up and this trade is not going to go away from you today so relax don't panic now look and see if you want it if you want to swing for the fences even though you were gonna kill this immediately and I told you to add to it and try to hold a little bit longer that was good advice if you hold it tomorrow and I'm not saying you do but let's just look what would you be up what do you think it'd be up if it got up to the high which was if it got up to 266 if it got up to 266 what would you be up it's it's hard to put a figure on it because last night this option it was virtually it was virtually break even right it fell it fell back just at the close and that's when I added when it fell back right but I mean so it's hard to put it's hard to put a figure on it Melissa because it's so volatile so much more today is all of us get to 265 by Friday people play options for a day people play options for two days people play options out because people who just bought this today don't you understand that's why now you have this move so people say oh it looks like it is gonna get there and so now you've got that now you've got the interest so it's not it's not a surprise every time it looks like it's gonna get closer to the number or through the number people are there's more interest in it it's gonna it's gonna run up that creates the volatility so you're worried about time and I'm saying wait a minute it's gonna you're gonna get this is gonna go that's why I said you yesterday you did a good thing adding now I'm just trying to look at this here I mean I have the yeah I have the cheaper ones obviously which is why I got quantity yes worth about and again I'm figuring in time like 50 cents more and I'm just being very conservative here so what would that mean for your profit this is an estimate 50 cents more what I pay I paid 30 cents is my average no fifth oh right well it must have been it was about 11 if you say 1100 I was up no this morning for you to exit what was the exit here I'll look at that what was the exit of the high what was the exit of the high this morning option train yeah that's just a problem I don't know how I can I don't think mine displays the the option high price all I have it listed in my option list is bid midpoint and well I mean it must have been it must have been nearly 48 probably I mean looking at this now I mean it's sitting here at 43 is the mid 60 60 contracts wow you have 6000 shares yep okay I'm up 685 now I average is 30 you seem quite confident this isn't going to pull back no I mean I'm telling option change it's going to come around again you'll have a chance today to do it it's only 10 15 in the morning this trade isn't going to reverse today that's why I'm saying relax if you if you had gotten out before we got on the mic I wouldn't have had a problem with that that would have been good trade $1,100 I wouldn't have a problem with you getting out here I'm just saying that first of all going forward you need to know where you're going to get out of the trade before before it gets to some number of the new panic that you need to get rid of the panic stop the panic well I mean I'm looking at the chart I'm looking at the weekly chart I mean he stands out a mile we have no resistance on the weekly chart until that major high and he's saying if you knock it down to the to daily there's nothing there's nothing stopping it okay which was 30,000 shares you would make $4200 what do you think you should do no don't I'm asking you seriously relax yourself you're gonna all right all right seriously looking at the chart and I can't see anything that's going to stop this and hold it back okay I would run up and let it go over the high which I mean the higher on this bar is 265 93 it's nearly 266 worth 50 cents more than at the high today I'm estimating conservatively it could be worth more it probably will be it'll be a dollar through the strike but I'm figuring time value so I'm estimating that so based on that what do you want to do you risk getting out of this with not as much of a gain as you had at one point today or even now but still a gain unless for the only thing that will ruin this trade is if the market gap down tomorrow morning and I'm not saying that that could happen or couldn't happen I don't think it does but who who the heck knows shut the market apps down tomorrow morning which who knows if it could happen or not it doesn't look like it will but it could and you need to know that if it would the trade will be ruined it would be ruined and you wouldn't you would either get out break even or small game or small loss yeah I don't think the market gaps down huge even if the gaps on tomorrow but any gap down through under today would create this messing up the whole entire thing is and it's not gonna look like it's gonna get to 265 again by Friday and I wouldn't hold it till Friday unless you're up a lot but I'm telling you that if this continues tomorrow then based on that you would be up to at 50 cents more and you'd make $4200 then then how would you feel how would you feel about continuing doing options how would you feel about continuing into the earning season would day trading again would that make your life enormously better if you could make $4,000 in this trade yes yes so then what do you want to do well I'm just saying I'm possibly the market could gap down tomorrow but honestly I believe that you should hold the trade you need a really big winner like this you did the right thing adding I think this looks great I don't think that this reverses and again you're taking a chance but all the other things here look very very strong the spies at the highs you know and the only reason the cues are down is because of Apple and I can't find any reason for Apple trading down but again Apple so strong it doesn't matter anyways so the spies not go over has it it's still red today well nothing I mean it's obviously different market and it's a small amount of stocks anyway I mean again the only way that we don't get over the high this week in the spy or the diamonds is if we get down I think you should try to be out of this trade by Thursday but I'm glad you added and I glad you held it and you turned a small trade into a big trade even if you get out of it today so you got two decisions here this is gonna go back up to the high look it's heading up there right again right now you're gonna get what is it up right now now you're up more again what is it up yeah I'm up 895 at the minute so I mean like I said $900 900 bucks you take it and you were if you did this consistently I'd say take it out today and bang it bang it bang it but I know you need a good win and I honestly think the chart looks great but you gotta know you gotta know you have to know that if you hold this that if you could lose the whole thing and how are you gonna what do you want to do and I guess what I'm saying is you really should have decided this yesterday but when this trade is good and everything's going it you panic and you gotta stop doing that well I'm also watching the town sales and there's more green than there is red so which is obviously more positive it's moving it's not falling back is it I told you you stop panicking I said we can talk you got to live one does not want to let the money slip out of one's fingers no and everybody in the room I took us everybody else to take it out so it's up to you it's up to you yes well I mean you could sort of split difference and say right I'll hold it into the close today couldn't I the consistency unless there's overriding factors that tell you that the trade is good to hold like it's swash or like it like it did like you got the market with you're something that and but it's hard to say that because it's the market trade but I'm saying you if you have overriding factors the problem was in the past every trade that was looking good you basically wanted to hold and then that was ridiculous because you you shouldn't hold every trade is what I'm saying so this looks good it's run up for two days it's finally getting the interest now which it hasn't had it hasn't had really until start of late yesterday into today but you know it's breaking out it's breaking out so you know the only thing that I caution you on is if we gap down tomorrow which is the only thing that would ruin the trade the trade will be ruined and so conservative people would take the trade out with a thousand bucks or more looks like it's gonna get over the high here now it's gonna get out it's gonna make it here this is gonna be worth more than 1100 today there it goes yeah there were in fact there were a lot of sales at the base here it goes here it goes what's it worth now how much you up now 1495 trade size fed like you can trade size but you got to make the right decision so this is a test what are you gonna do here's another idea you could get out of $750 worth of it now and you could get out of half of it now and you could own 30 contracts because you have so much up till tomorrow there's another idea I'll do that okay I'll take the the safe position I'm not saying get out of 265 I'm saying today the problem I have is knowing that it's the right time because obviously when something turns it's too late because the option chain reflects that I know but getting out at the perfect price you didn't do a good trade that was that money you're not gonna get out of high this so get 76 or 267 or 270 you will not exit there I can guarantee you that I'm telling you right now you're never gonna get out of the high and along you're never gonna get in at the low for the price it's not your job your job is take the good solid trades this is a good solid trade and you listened to me yesterday when I said you could be more aggressive and you didn't perfect if you get out today and make 1400 bucks and tomorrow you could have made 4,000 because in the past you haven't and then the next trade the next trade you would help too long like Nike Nike the exit was yesterday that was good advice that's it exactly I waited till the following day it's not followed through the following day and that's another my fingers burnt so obviously the safest thing to look at it everyone or this one or this one no Nike chart does not look like this is a different chart every gap is different every chart is different you're trying to apply the same method and finger pointing it there's different things that rate differently and there's different things happening and that's why I said ask me which I'm trying to help you here but the point is though that either way you shouldn't hold every trade because you're never gonna get out of the high some trades warrant that some don't but you're doing your money management should be consistent with with everything else when you're killing them which I don't think it has that and and and either way here in my professional opinion here I believe this trade continues but I don't want you to yell at me if it ends up gapping down tomorrow morning because I can't I can't I can't determine what China's gonna do or Trump so I'm just like I'm just telling you this looks fabulous I think this has a one two three run up the only way that I would get out of this full position today if you want to get out of half that's your call the only way to get out of the full position today is if it goes to some sick crazy number like 266 if this gets over the high today then for sure get out of the whole thing but if this actually goes up and this is good here now like I said if you want to get out of half this up to you I wouldn't answer the whole trade today I really think that it continues but that's it is but obviously I mean like the profit now it's down to a thousand dollars it's just back down to a thousand dollars again solution to my situation and where I am at the moment is to say right I'm up a thousand dollars I'll take it and you take it you book it and you know you have a thousand dollars don't you yes but I also I'm also considering what the chant is telling me and this is the problem because I've always had this problem I look at the chart I think that looks like it's going higher and yet it doesn't go yeah but sometimes you say the chart's higher so that's that okay and I told you yesterday get out of Nike this is it okay so you don't know ask me you were making arbitrary decisions about things saying this looks good and this looks bad and this looks good you said Baba was gonna do XYZ and that was ridiculous that was a good trade and you missed it and so you know I and I must say you should have held Baba I think Baba was a 1-2 but and then the fact that that continued you know it's neither here nor there I don't I don't think anyone should have held that down when they had the drop off when it did I think that was a 1-24 hour trade and I think that was perfect but that did continue to for the the third day down but anyways you're you're trying to apply everything to the same thing in the sense that again you're going you're trying to get out of the high of every trade for just it's impossible it's just ridiculous it's not right so if this pulls back and I'm up 500 profit it pulls back so far would you say right kill it today get out no why would you want a $500 would you not take the money because that's what I'm saying you have to decide what you're going to do this trade today will close before 4 o'clock with a profitable you will be up I don't know I do what you will be up but you have all day to get out of this trade with money whether it's 1,459 dollars and 22 cents or 524 dollars and 62 cents it's a profitable trade if you're that worried about it coming down to be worth five six hundred then the answer is easy you're too much in fear about it not continuing then get out now and stop panicking I don't want you to sit here all day and panic when you're up money you have any idea how crazy this is there are this is why I mentioned you in the class there are people that lose all the time and they they panic and with good reason they're down money all the time you panic you're the only person I know that panics when the right or you don't take something because you think it has to pull back and you've added the trades that you should not have done now I told you to do this that's a different story right okay well I am I am sitting here in the trade it's watching the woman it bar it's just jumped just get on the woman it bar a little bit so which obviously indicates strength so I don't particularly want to kill the trade do I don't feel a good trade yeah but you won't do that would you because that's just no good is it you can't have white people say take it don't take it you are looking at the screen and I have that as the target because I can't see anything else that's in its way to stop it going I'm taking your advice and I'm going to sit in it and I'm gonna and I'm going to look at it again at five to four I'm deciding if I'm gonna take it or not and if it's up so much money then I mean I can't I don't want to let it go over into tomorrow I think it might be pushing it a little bit and it might if it doesn't it's not in the money it will lose more well we're in a volatile time at the moment we were trying to this time that's why if you get it you could or thing into tomorrow because the chart looks great knowing that you could make over four grand or more and you're okay with the amount you risk if the whole trade goes bus which you should be taking in anyways or you get out half today with the money protect yourself and let the rest run up which means you'd make about two grand in the other half and that would still go be a good trade and so then you'd make 750 plus these two you'd make $2,700 so how much is the difference between 42 and 2700 because if this runs up and you get out of half at 750 and I go for the risk I would literally go for the risk if it's if it's going to go for it I mean I spent until it was 1800 dollars if it if it all goes on me so that's how much I've got on the table I'm going to I said yesterday was the exit on night gate you need to know that not every trade you shouldn't hold so there's no reason to think it won't continue unless some travesty or news happens overnight which certainly could let me just look here and see what economic data is out tomorrow morning Thursday Thursday mornings a bunch of stuff Philly Fed stuff like that so the low low stuff tomorrow morning nothing on Friday so I don't see any any anything that would move the market in either direction as far as that goes it would just really be tariff news right yeah yes so I will hold it I'm saying I think you should watch this today check it but don't panic because you're up you've got all day to day to decide to get out of a positive if you want $1,500 is a great trade if you think it may make a big difference to go into earning season with a big profitable trade like this that will help you day trade and do more options and really feel like you're getting back on track here before earning season in a positive direction then I think it's worth you holding it because it'd be a big training it could be over five grand you've got to leave it you mean honestly I'm saying 266 but if we get anywhere near that we're gonna go over the high and that could happen in two days it's not out of the water that the it's not completely ridiculous to think that this could go to 267 268 it's gonna it's gonna go to it's gonna go to 270 I said that three weeks ago and Barney I was right so you can see here now this is going and it could happen very quickly because the more that it goes the more interest will come in so the buying really started to get take hold of the option chain today that's a good sign that's a good sign I'm saying it's a good sign for even the one that expires on Friday yes yes yes okay I'm glad you took my advice watch it I'm around here if you want to email me you know watch it right okay thank you Melissa all right yes thanks bye