 Howard, are you there? Did you do any trades? I certainly hope you did this trade. You did one. One is good. Jackie is obsessed with Target. That's okay. Do whatever you want to do. I told you. Okay, we're gonna have a little lecture. We're gonna have to watch the salto out of the corner of our eye. Markets lower. Oh my gosh. I'm really good at what I do. I don't know what I want to do with my life. I don't think it's this for the rest of my life. That's for sure. Look at this salto. Just let it, let's a little break 240. Man, this is gonna break 240 before it's time to clock. Holy crap. Here, I'm gonna give a little lecture. The lecture is here. Okay, so here's the thing. Does anybody belong to Equinox? Let me know if you do. Does anyone belong to Equinox? It's a gym. And if you do, do you do spin classes? So Equinox has spin classes. And if you want to do a spin class, you have to sign up for a bike. If you do not sign up for a bike, you're not guaranteed a bike, even though obviously you have a gym membership. So in places like New York and LA and busy, busy cities, even though they have a million Equinoxes in all these cities, you gotta like get a bike and you have to book that bike. And if you don't book that bike, you're probably not gonna get in the class. Like you literally have to book the bike more than 24 hours in advance. So for a 6.30 spin class in the morning, the first time you can book a bike is 5 a.m. the following day, the day before. So like if the class is on a Tuesday at 6.30 a.m., then a Monday at 5 a.m. is the first time you could book a bike. If you don't book that bike by five, the bikes are gone. You're not gonna get a bike. So that's point one. So you must get up at 5 a.m. the day before a class to book the bike. If you book the bike and you don't show up for the class, you get something called a strike. Is everyone listening to me? I'm trying to make a point here. Actually, let me look at this. Is everyone listening to me? I'm giving an example because I'm gonna make a point and I'm gonna do a lecture here. Everyone listening to me. If you don't show up for the class and you book the bike, you have to book the bike to make sure you get in the class if you wanna go. But if for some reason you don't show up the class, you get a strike. Jairon knows, you get a bike strike. If you get three bike strikes in a period, then you cannot book any bikes. In which case you can't go to any of the early morning classes or any of the good classes with the good instructors and you have to go to the crappy classes or you can't go at all. So you can have three strikes in a certain period. And again, I don't know if it's like three strikes in 10 days or three strikes in 30 days. I don't know. They keep changing them. Like they change the rules every other week. Now the last time I called, I said, well, how many strikes do I have? I don't even know. I said, I have two strikes. And the guy said, well, the strikes will drop off the first of the month. I said, okay, fine. Today is the 30th. So if I have two strikes, they should be gone by Saturday or Sunday. We'll see. But if you don't get up at 5 a.m. the day before, you cannot book a bike. I mean, you won't get it. You just won't get it. They'll be gone. So I have to set my alarm at 5 a.m. the day before a spin clash. And then I go back to bed and then exercise or whatever that day. If it was not a class for the good classes, for the morning classes for the day. Now, if you wanna cancel the class of your bike seat, you have to cancel it so you don't get a strike if you decide not to go or you whatever. You must cancel it by 2 a.m. 2 a.m. the morning of. And if you don't tell the, so in other words, who the heck is gonna cancel 2 a.m.? So like, you can't get up in the morning and say, oh, I don't feel good to there. Oh, it's raining or oh, I'm tired at even 5 a.m. an hour and a half before the class because the strike will go against you. You've gotta literally cancel the bike by two o'clock the previous night. So say you went out, you were drinking, you had a great time. You get home at 2 1.45 in the morning. You could cancel the bike and not have the strike go against you. It's so ridiculous. The point I'm trying to make is that there are rules. Equinox has rules. However, that being said, the rules actually help you get to your workout, get up in the morning, book the bike, get in a routine, get up, go, do it, do it, do it. And you need to do it because if you don't do it and you get the three strikes, you're screwed and you don't want it and having three is bad and if you have even one then you're at risk of having two and there might be a day that you really do oversleep. So you don't want to get up against the three, which I was. So it forces you. The rules force you to actually exercise, get up early, go to the classes, do the system. Now the rules are crazy but the fact is it actually forces discipline on you. If you want to exercise and you want to do the early morning class, which the 6.30 is the earliest of the classes on any given day of the week. Okay, got it. So rules are positive and rules help you. And whether you make up the rules or somebody else makes up the rules, you got to follow rules if you have rules because rules help you overall. Even though some days it's annoying. Some days it is annoying and some days you may make a mistake or not follow the rules or you get up late and you miss the class and you get a strike but you're allowed three before you're cut off is the point. Is everybody with me? Let me know if you're with me and let me just quickly look at the market. So rules are good. Now you can make your own rules or someone else can make the rules. The rules are crazy but they serve a purpose. Now what happened here with this trader dude, okay? This trader got up on a Monday. He risked $500 he made money. His hour by the way is 500. Then he got up on Tuesday. He risked a little bit more. He risked 600. He lost. So then he got up on Wednesday. He decided to cut back his risk. It's supposed to be 500 but because he lost on Tuesday he decided to risk less. He risked 300. He made money on the Wednesday. Thursday he got up and he's feeling like he's behind the eight ball for the week because he lost on Tuesday. He should have risked more on Wednesday and he cut back his risk and then he did well and there was a good gap and he got up on Thursday and decided to risk more. He risked 1200. He basically doubled up thinking that he'd make up the difference for the Tuesday that he lost and the less money that he risked on Wednesday for the good trade that he did that he made money but he basically didn't risk enough and he lost on Thursday. The amount that he made and lost these days is irrelevant. Friday he got up and he risked 750 and he made money. What are his results for the week? Well, nobody knows but the clear point here of this trader is the trace of trader did not follow any rules at all. He did what he felt like on any given day of whatever he felt like as far as his risk. He's doomed to failure. He's not following any rules and he's making decisions based on his money, his P&L, the account balance he has. Maybe he looks at the chart like some of the traders do and say, well, this looks like it's gonna continue or this looks really good or it doesn't look really good. Nobody's that good to do that unless you're trading for 25 years and doing nothing about my strategy which no one here is not even me because I only created this 12 years ago. So this person has to have rules. This person is not following the rules that the person made for themselves. They get up and then change what they feel like every day and as a result, this person is all over the place. The results are all over the place. They may have made money for the week, who knows depending on if they got a really good trade on the days that they did make money because they did make money three out of two days of the week but they risked way too much on Thursday and quite frankly, risked more than they were on Tuesday. So they lost for sure, 1800 on the week and overall, again, even if they had one big day where they made two hours, even if they ended up break even for their week they didn't have probably some amazing week profitability wise. They might have been down. They might have been flat. They might have been up a little but they didn't have a fabulous week and it was all because of what? Because of the fact even though they lost less days than they won or one more days than they lost they did not follow the rules. Okay, no bike for him. So the point is that you gotta follow rules and if you don't follow rules whether I make up the rules and you wanna follow or you make up the rules and you follow them yourself then you're not gonna succeed. And the worst thing that you could do is also be in denial. Like if this person would say, oh, I did everything right. I did everything fine. I did everything perfectly. I followed my rules. No, you didn't. And that's the worst. And if you're one of those offenders where you're making a mistake after mistake after mistake after mistake after mistake and you don't wanna recognize you're making a mistake then you're really in a pickle. Then it's almost like you, it's like getting on the scale and seeing that you've gained weight and just being in total denial and then running out and having a piece of cake and acting like that's gonna help you lose any weight and skipping spin. So the reality is that you have to follow rules whether Equinox makes them or you make them yourself if you wanna be successful, if you wanna work out, if you wanna do anything, this is just human nature is that maybe sometimes we disobey the rules and we oversleep or we make a mistake on a day but when it's continuous and habitual it becomes a problem. You will not be allowed to exercise and you will not be allowed to make money in the market because the market will enforce for you the disciplines by making you lose. And if you're not willing to look what you're doing honestly and know that you've just made bad decisions here for a solid week and if you do it week over week over week it's really gonna reflect any results. So this is very important. So that was a good lecture. Does anyone have any questions?