 So I thought we'd sit down today because it's good to look at what's going on with your trading sometimes outside of market hours. So I thought we'd sit down and talk about you've been here now a week. I guess today's Monday. Yeah. So you've been here a week. So all in all, what have you learned since you've been here for the first week? Take trade sooner, to take out sooner, to close positions sooner. Exit, you mean? Yes, to exit. It's very difficult because generally I do exit when you call an exit. Then why are you saying that you think you're doing it sooner? Are you just not following me? No, no, I am following you. There are times when I have left them slightly longer but you've only got to be seconds longer to miss it when it bounces. So that is a slight difference. Right. It's not that. It's being able to, being here, being able to discuss things with you face to face. And I aim things out easier than you would if you were talking on screen. Like give me an example. That gap today. You wouldn't have done that? No, not the gap, not the trade. But when you analyze what you see, being able to stand next to you and say, I don't understand that. And you going through the whole process of what you see. The points you make. Yes, the point itself. Yeah. Not just the actual gap. Yeah. With it. Because to me it was doing what it should be doing within the rate as you categorize it. Right, right. But when you explained it, it put a different light on it. So you liked it more or less? No, I understood what you were saying by your explanation. Okay. Does that make sense? Yeah. Now when it fell into the open, does that scare you off when things fall more in the pre-market or does it make you like it more? From what I've learned from you, I like it more. Okay. Because it gives me more conviction that it is moving in the right direction. Okay, okay. So all the time I'm building more experience from what you look at and what you see and what you pick up first thing in the morning. Okay. Because that is ultimately, you can rate the gap as much as you want. But there are times when you actually turn around and say, no, I don't like this today or I don't like this for this reason. Okay. And it's generally just before the market. Actually. Even though we've rated this. Three seconds before. Yes. So that puts a different light on things. Okay. But do you think being here is making you take trades, get in faster or just get out faster or just, you know, or just be more conscious of the fact that you want to book the money now because I'm drilling it into your head. Definitely. Take it, take it, take it. You know. Definitely more conscious of that. Yeah. Definitely because I'm sitting next to you. Yeah. And you're saying, take it out now. Have you taken it? Yes. Yes, it does. Yeah. Okay. That's good. Yes. So are you satisfied with your results here for the last week? Because on Friday when you left, we didn't do anything on Friday. And on Friday I got the feeling you were all worked up because you got out of that Netflix earlier in last week and that's what I wanted to talk to you about today. And you ended up having a good day today. You held the Google. You made out great. You could have made more in that. But again, it goes back to the same thing. What if you wouldn't have? I know. Stocks as today, it continued with the Google. Yeah. Could have made more. Yeah. You could have made twice as much almost. Yes. You could have made over $3,000, yeah, I think. Yes. Yeah. But does it bother you that you made whatever you made, $1,400 after the commissions or whatever it was, I don't know? I made $1,200. Oh, $1,200, okay. So does it bother you that you made $1,200? When you're taking into consideration that it's a Monday morning, I anticipated not doing anything today. Right. You did two things. From what I saw first thing when I started scanning. Right. So to pull in that first thing, yes, I'm happy about that. So how much did you end up making today? $1,800. Yeah, $1,600. No, with the two. Oh, no, okay. All right. So $1,600, yeah. Yeah. Yeah. So you're happy with that? Obviously. Obviously you want more. Obviously it would be good today. Who wants more? You want more? Yes, of course. You want to maximize a trade, don't you? You want to maximize it. But I'm quite happy with the day. Do you think that's possible, though? I mean, this was the whole point of last week's lecture. Do you actually think that it's humanly possible to always get out of a short at the low of the day and always get out of a long at the high of the day wherever that happens to be? Do you think it's humanly possible to do that every single solitary day, 200 plus trading days of the year, and get it right as often as a day? The short, the day trade, we took it out at the right time. That was, it was. It proved yourself. And occasionally I do do that. Yes. Yes, I do. And I say, this is it. It was perfect. Yeah, it was. Now, the Google trade, we weren't watching that. What it played out, if we watched the trade play out, right, may have actually given you more substance to continue with the trade and let it ride on. Or you might have missed the exit completely because you were in the day trade. Yes, you can't do both. That's why I told you to put the order out. Yes, they took me out. So yes, if you're just sitting there day trading. Yeah, yeah, yeah. And then the option takes you out in money, $1,200. Yeah. You can't complain of that. No, that's what I'm saying. But if you brought them down, you're doing them individually. Mm-hmm. And the day trade was done. Mm-hmm. Then you looked at the option to see what it's trading at in the market. Mm-hmm. You might, it might give you a different light on it. But this is, right, I'm trying to tell you though, you can play these more. You can do these options as day trades if you want to. You might have gotten back into the Netflix the day you got out of it and gotten out of it then at the end of the day or even the next day. Yes. You can be a little more nimble in those than you've been instead of holding them forever. Do you know what I'm saying? Yes, I do. You can be, I'm trying to show you how you can play them a little bit better. Right. You don't always get a second exit in those. But I'm in a second entry to get a second trade in it to have a second exit. No, you might. Even the Great Baba had that. So you might get these and 50% of them. And then if you don't then you don't then you don't retake it and you're out with the money. So then you're out. Do you know what I mean? I think in my own mind it depends on where I am with the money situation. If I'm, if I'm comfortably in front then I will be more willing to let things play out a little longer. That makes sense again in a perfect world except for the fact that you don't know because tomorrow morning you could get up and the market could be gapping down because it's been running, running, running and it still could keep going but what if it doesn't for tomorrow's morning and then your stock acts down after you were up money and it sounds all great and you're in control and everything's fine and it looks good then something happens. And this is, this is the unknown factor that's involved with trading. That you have to take the money out when you're up. Yes. Yeah. It does not then relate to the trade and how long you're taking in time if you were at an option. If you had more time within that option and you were quite, well you had conviction that it was going to bounce a little then it was going to continue but you had plenty of time within your option to continue with it. Yes. But I want you to add a couple zeros on to these numbers here. It's easy to say but you know if you risk $20,000 instead of $2,000 in that trade, you say well I'll give it a little wiggly jiggly. Well what if you're up $20,000 and it pulls back and you're now up $2,000. Do you know what I'm saying? Like add a zero on to the number and this is the same thing I tell the beginner people when they're taking 100 share lines and they get very frustrated and they feel the need to rush out of size add a zero to it. You'll see the money and you can't do that to get it right and that's what I'm trying to instill in you while you're here. But to me that relates to how much profit you're up to whether or not you cut the position down in size. So you're up say $20,000. You could cut out. Well if you want to start doing that you could do that now. No one's stopping you from doing that now. You could have got out of half of it Friday. You could get out of the rest today. You could have got half of it out in the morning today. Then do it but then you do it consistently. Don't change your mind everyone you're doing it. Either you get all out and you get back in if it has another exit or you take half out and you let the rest ride because the rest could go bust. Or you don't let it go under half. You need to decide. This is part of the thing with your day trading where you were back and forth with it. Get consistent. It doesn't matter to me which way you play it. Well I've tried to be consistent. Yeah. And the numbers that I've used. It's only when I've been hit too many times. Okay. Yeah. That's when I pull it back. Well you've got to cut it if it's not working in the half loss. Yes. That's what you're going to do going forward. You haven't had any losers though in those since you've been here. Netflix worked. You got out. Touch your nose. Touch your nose. Okay. Yes. Yes. Okay so getting back to what I was saying though. You're happy today with the money you made today. But in the last week are you do feel like you could have made more. Yes you could have. Yes. But when you use that example of 6,000 loss on the board the other day. Yes, yes. They all didn't tank. We wouldn't have lost 6,000. No, of course not. Because they pulled away. Yeah. And they did, you know, balance up a little. Yeah. So it's hard to, it's hard to put a perspective on the whole thing really. See your perspective is that my system works so well that you don't look at yourself with the possibility that you could lose 6,000. Good question. That's really the reality. Yes it is. Because the reality is that you could. Did you? No. Could you? You're saying these charts are so good. Melissa, this would ever happen. That's because of the way I taught you and the cause I'm giving. But I'm saying because you're thinking that way you're not taking it seriously enough about the money that you're up. And I want you to feel good about that. Because it's just not realistic that you will be perfect every day. Today at the exit in the morning the day trade was perfect. Today your exit in Google wasn't perfect. But you know what? It was half a point or 75 cents maybe off of you could have made more or one point off. You never know. Nobody can predict. That doesn't matter. It was a Monday. It was a Monday. I made $1,600 on the Monday. Yeah. So you made more money this week than you did in one day. Yes. Than you did last week. So guess what? This week's probably going to be a good week. Oh dear. Do a bit. No. It's probably going to be a good week because you're starting out very strong. Yes. Yes. I can see what you're saying. Yes. So like I said last week you were, now just follow me here with this rationale logic. And then I'll make my point. Last week you were feeling eh because you didn't hold the Netflix. He said no he didn't. Just let me finish. Friday we did nothing. Forced you to zip it. Today look what happened. So there's never any reason to feel like you missed out. Because the market will always give you then something good in return for doing the correct action. Yes. I always feel like that. I always feel like I will be rewarded if something like that happens. So you were upset last week. And I said don't be upset. And then you did the right action Friday. And then you did the right action today. And look at how it benefited you. So if you continue to do right actions it's going to come back around to you. It just will. Because the market kind of senses that with people. This is one of the reasons that people lose so much. They constantly take wrong actions. Even when they make money sometimes they take a wrong action. But they think it's a right action because they made money by double up. But that's not how you consistently profit in the market. You consistently profit by taking correct actions. Even if it means sometimes cutting a trade early. If it's the right action based on all the things that you had to make the decision in the first place. All the information you had. The market, you know, rallying a lot. You want to get a quick exit in the short, whatever. You take all the information and you make the best decision at the time. But as long as you take the correct action the market will see that you're doing that. And reward you over time. It's the people that don't get hit over the head with the market. So I'm telling you it will come back around. It just will. I'm just a little low to pull a position. I know, yes, you can pull a position when it's in profit. But not at the size that you want to pull it at. What do you mean a size? The profit. The profit's not really where you want it to be. This is what I'm trying to say. Where you want it to be. You can always be taking little bits, can't you? You can always take a little snippet out of the market. But when you get hit by a loss it can be bigger, can't it? It can't ever be bigger than what you risk. You risk $500. Say you're risking $500. Okay. You make two. You have another day. Yes. You make another two. Yes. On the third day you lose your five. Yes. Now how annoying is that? But you haven't been doing that. You've been averaging one hour at least since you've been here. On the day trades. Yes. You could have held that one little bit more. But I'm forcing you to get out before it bounces. Whatever day that was. I don't even know what day that was. Wednesday or Thursday. Yeah. I think it was Thursday. You did. Yes. And I forced you to get out and it kept going. Yes. But anyways, it's not like you're making 10% of all of these that you have this many wins and one loss sucks it all up. That's not the case. Even if you had, now just roll with me here. We figured it out this morning. I don't remember what you were up. 3,500, 3,100. You figured out the one number wrong. So whatever, 3,000. Even if you had two losses this week and lost $500 the next two days in a row, you'd still be up to grand. So I don't know where you're getting. It's in your head. You see, I split it as well. I class day trading different to the options. So the two are separate. I don't class it as a whole the way you're talking. You're talking as a whole. Yes. But I like to compare each to its own. I don't know if that's beneficial right now. Right now you have one objective. It's making money. Yes. It's a big whole of a pie. It's fantastic. I like it. Yeah. But I do like it to balance each side up by itself. Okay. Because to me, you get a better idea of how each side is working rather than just rolling it all together. I think you can make more money doing the options if you get better at holding them and seeing them well and plopping on the sides and killing the ones that aren't working right away faster but you're not there yet. But I'm trying to guide you there. You are. And I think that that's probably what you'll end up doing. And you did do some of those last year. I think you said you were up 40 grand or whatever at one point. Whatever. What was that month last year? August or September? Is the position being left? I would have been in Florida. Yeah. Yeah. So you definitely have the potential to make a lot of the money with the options. That's true. Yes. But in day trading, I think you can take more size. It's just you've got to get better at getting out and then you could go back to the size. Yes. Yes. I mean, if you could make two grand, if that was your R, at least day trades, you'd be very happy with these options. Very happy. I have made three and it's really nice. We're using the risk of a thousand. Right. Exactly. It's fantastic. That's an ideal situation for me. Yeah. If I pulled in three thousand. Yes. I would be very happy about that. Okay. Well, then that's your goal. If you want to prove to yourself, you can do some of these things that we had in the last week. Yes. So you're going to get there. So do you feel better today than you did last week because you felt like you got out of Netflix too soon? Yes, I do feel better. Good. Thank you. Yeah. So is there anything else you want to talk about before this week? I mean, I think this is a good start to the week. We had a good solid first week here. You've learned a lot. It's keeping that continuity. But you don't know because it's a trade. So every time you place a trade, there's a possibility of a loss. That's good. But you don't know, do you? It's just a case of going with it every day and playing the trade out. Right. Being consistent in being trading every day is the same risk. Right. But you still don't know, do you, at the end of the day, if they're going to go to work? Did you just realize that like yesterday? When are you going up this morning? No. Are you been trading now for how long? No, no, no, no, no. But it's most annoying. I mean, we've had several. Just lately, maybe, you win a couple of days and then you lose another day. I mean, and it's been able to keep you frowned. Does it bother you, though, if we have five winning days and then you lose in Juniper? No. I mean, does that bother you that much? No, five winning days. Or we're not four winning days. Whatever. And I have one loss at that. Like you can't get over that in your head. No, it's irritating. But this is what the market is. This is what trading is. You can't hang on to it. You're hanging on to Juniper or UA, whatever the last loss was from two weeks ago. You can't hang on to this. It's February. You can't hang on to things like this. I mean, we're going to talk tonight. It's going to be a good lecture about money. Maybe I'm wanting to steam ahead more. And it's just getting forward enough. Maybe that's the thing with me. Maybe I just don't feel as though I'm getting forward enough. What have you been getting forward enough? Profit enough. Profiting enough. Well, you pull back. The only way to get forward is to take more size. If you feel like you're ready, I'm not going to stop you. But if mentally you're not, then don't do it. What's the most important thing for you right now? To be consistent and feel comfortable and relax and learn something here and make money. Or to plow forward at all costs. What if we have four winning days and you make 10 grand and they have one losing day and you lose 2500? I mean, will you be upset? No. Well, then plow forward. I'm not stopping you. Not in that situation. Yeah. But I mean, any situation could happen. One day could be a win. One day could be a loss and the next three could be wins. If you can't get back on the wagon after the one win, then it's going to be problematic. See, I can do that. If you can, then you're not ready to plow forward. Tomorrow you could take more size and tomorrow could be a loss, but then the rest of the week could be huge wins. Will you be able to get back on the horse then on Wednesday if you lose on Tuesday? I don't know, you know. One loss is all right. One loss is quite comfortable. Okay. Even at 1000, one loss is comfortable. Well, then why are you talking about a loss that happens weeks ago? It's when you get several day after day. But you hide behind that. You haven't been doing that. No, no, no, no. It's just, shall we say it's such a lot, that you change it and up your risk. So you're scared that it's going to happen? I'm not scared. I'm not scared about that. I'm not scared about losing. It's just the plain fact of the matter. When you up your risk, it's very comfortable to be making for several days. Yes. Then losing a day. Yes. As opposed to dipping your foot into the water. Well, then you're just from that point, you're not ready to increase your sizing. You're not ready to do it. When you don't even think about that, then you'll be ready to do it. Which you're not. And I don't know when that is. Hopefully it'll be during the time that you're here. But I'm just saying you're not then or it wouldn't be bothering you. You will not make money in every trade that you take. I've been training for eight years. I still have days that I lose. This is what it is. I don't think you ever get to a point where you're okay with that. I can say this because I know that I'm not. But I try to just not think about it. I do other things. I really do a good job trying to think about other things. And I have an amazing ability to be able to shrug something off and just pick myself up and move forward and act like nothing ever happened. I mean, I really can do that extremely well. Actually, my old broker told me she's never seen anyone like me be able to do that. So, you know, you really have to get to that point. And it's just going to be experience. I'm quite comfortable taking it. And I have taken the risk. And I have lost on the risk. But you've got to be able to get up as if it never happened. I can. Because at the same time... But you wouldn't be talking about it here with me if you could. No, I'm just weighing everything up because of the fact that you... it's that consistency striving forward. But I do... I can take the risk and I can take the loss. And it's literally drop everything, the machine and do something different. Okay. Then come back the following day. Yeah. And it's because of staff to gain. I have done that several times. I know. You wouldn't be here. On a thousand risk. Yeah. I know. You wouldn't be here. Yeah. So, you are doing it. But I'm saying you're doing very well. Why are you worried about losing? You've made me every day as you're here. So, what are you worried about?