 Okay, good morning everyone. Let me know that you can hear me all righty. Let me just look at some comments here Jeff B is on the phone with his broker. He got the OCRX Catwoman 5x5 5x5 I don't know what that means I Need a catwoman translation. All right, so everyone should have had a really good day yesterday Based on that Let's be very very picky today Military talk catwoman. I didn't know you're in the military Catwoman you're an interesting lady. All right, let's look here at the QQQs and the spy The spy seems like it's going to come in today Again, is it gonna come in anywhere significant? No, we are gapping down Does that mean we're necessarily gonna fall not necessarily except for the fact that I actually think That we could have a slight teeny weenie little pull in today Like we could actually close today with some red in the body of the market, but it's not gonna be significant It's not gonna be big. It's not really gonna go anywhere and to be honest with you even 208 is a stretch I'm not saying that it definitely gets to 208 even Actually, no to 208 50 208 40 years That's a dollar from here But I don't even know if it's gonna do that because quite frankly the market is extremely strong Look what it did here this morning. This is in the pre-market. It ran up to two ten forty one The problem is this is a difficult place for people to come on to keep buying it So I'm not sure exactly where we go from here I rather would have seen it being bought in the gap which that isn't happening today or we wouldn't be gapping down Could we get bought of the live day today? Yes into an era of support Which there's several areas of support prior to 208 50 208 40 so, you know, I could come in at 209 25 ish 209 even But I don't think it's gonna come in right into the open so once again We know the market against us and be open today to look for a nice short Not that we have to have that our vice versa But I'm just saying for those of you that really are very honed in on the market the QQQ's However, look less bearish for a slight pullback Which is where I'm saying these markets are a little bit different this morning in the gap in the way they're setting up But the spy has been stronger than the QQQ's all along not in the last two weeks but I mean in general in the last three years and so Again, I don't really think the market is necessarily coming in any major way today And we could come down to a teeny weenie level support in the spy and the cues and get bought Do I think the buying comes in today significantly not necessarily although I wouldn't be surprised We have pretty much traded in a tight range the last two trading days And this has been a tough week for anyone to intraday trade if you were looking to take a trade with the market past 10 o'clock In anything anything at all unless you were here in this room and did gaps because This is choppy trading for traders who day trade and food for core trade and swing trade because they don't know What the heck to do with themselves people that are in longs that are in overnight longs are up Okay, and they're kind of if they're in good longs or the market and they're kind of saying to themselves cheese You know gosh, you know, I'm up but this could go higher and every day. We're strong and every day We're holding what should I do so they're not getting out, but then some people are scared Because they realize the market is up and has been running up like for two weeks straight in a row And then they wonder if they should sell so that's why you're seeing this little wiggly jiggly here Some of the selling like the 15 minutes shows a better Like you have this little drop off then it gets bought and you have a little teeny weenie that it gets bought And you have a little bit in here that it's like Because that's basically the way that it just described like what's going on in people's heads Like what I just described is why you're kind of seen that there But again, that's regular people that's on incidenting with institutions because of institutions wanted to sell off this market by Golly you would see it I mean, that's why it's so crazy just like by golly the institutions are buying the market That's why you see it. It's so definitively obvious it's like so obvious to me what something does in a gap and I Tape the room yesterday, and I'm taping it again today And I've been taping the room and I've been going back and listening to myself in this time period right here Right before the open which I'm giving you right now that we're gonna talk about the gaps I don't know if anyone even pays anything attention to anything I say But in you really if there's any time when you would pay attention to anything I say it should be before 9 30 whenever I get on the mic if I get on at 9 8 30 8 45 9 21 Listen to what I'm saying because my ability to be able to see everything in the gap in the pre-market before anything happens whatever time I see something is Something that you can learn from okay, and Like it's not just listening to that it's the combination of that with the gap class information So for those of you I know there's trial people in here But I'm saying the people that have done the class that are trading that have done the class The things I say in the morning, and you combine that with the class. This is how you're gonna get good. Okay But you want to know how you're gonna get good That's how you're gonna get good But I will say that there is something that I see that I haven't been able to define I'm not sure I'll ever be able to find it. It might be an inherent Talent that I have that I can I will never be able to define But my ability to be able to see what something's supposed to do before it does it Setting up not the gap on the day the setup to take the tree is something that I have not been able to define The entries we have we just take the entry But I'm saying what I know it needs to do and yesterday I said in an ideal world Fossil needed to do and do you know that darn thing just did it and when I went back I even forgot that I said that I listened to myself on the tape and it did exactly what I said and so Speaking of that and we'll talk about that more later with the fossil this has no resistance So there you go. I'm seeing this right in here now. I'm not doing this It doesn't rate good, but I'm telling you right now This needs to open a fall for planet and not rally it on it has no resistance This thing needs to fall for planet if it does you can do it. So there you go Okay, I'm seeing how this needs to set up if Walmart is going to play out today It does not rate good in the gap There's a possibility this could fall this needs to open and collapse through the floor of the earth And if it does that you can take it aggressively and it could go to the dream target today It absolutely could this has a huge target in it, but this has no resistance I don't want to see a boop of a green in this today or it's not going to work right or it'll be choppy and it'll be an insane to train it'll be insane and Who wants to deal with that nutsiness? So I'm just not I did pop in the room that you have to request this if you don't have it Anything that's on the cheap end you have to make sure you have and you should make sure you have everything But I just reminded you about this today This will have a very small stop 475 is not a dream target. It's realistic. This could rally Actually, I think this is what this is going to rally an ideal world OCRX rallies rallies and then it goes to five dollars I don't necessarily know if this goes right out of the gate But if this rally is it's fine if the target's five dollars of a rally is a rise at all in this setup Like 525 550 anywhere rallies This is even probably gonna work in a five or 15 minute even if it relies all the way up to 575 semi-five ish Can't go over 580 and I don't even think that's even gonna happen This is nothing here for this and this is the one that I like And this is the one that I'm doing but it has no volume and once again, this is a problem. It's a severe problem. So I really thought that would have volume by now Gosh darn it. All right. Well, you know, I'm gonna watch the key W. I like it I like it a lot. I put the numbers in the room This really is gonna get to the target today But I don't know what time unless it opens a reverse push is what you could do because there's no volume here And I don't think this opens here because there's no volume here and it hasn't moved for the last hour Gosh darn it. I really thought this would look better than this by now. I was waiting All right. Here's what we're gonna do I'm going to watch Walmart as the main one Because this could this could end up being a huge play again, but it has to do exactly what I said boom and This I'll put here in the middle if it gets the volume and there's what I'm doing and you can watch the OCRX if you feel like it Gosh darn it. Why didn't that key W have the volume by now? I'm not doing Walmart if it rallies just so you know Like I'm literally not gonna do it if it rallies and and if it sets up and I can call it for you If you want to do it fine, like I'm absolutely know that my read on things and warning what they need to do is right And I'm just not gonna do it And actually we should talk about that MDA AS today when we're done and the fossil This thing here Just everything's too thin. I like the key better. Could this work? Yes. Is it too thin? Yes thin spreading and the same volume as the what should I call it? Oh, yeah, I can put this on the secondary watch list if nothing sets up. I can watch this but this is just No one should be taking positions and things without volume Which we've discussed and really the only one that actually cuts the mustard today of Walmart Good luck everyone. We have to focus here now though All right, there's the volume coming into the key. No, look at this Walmart. No Look at that piece of crap. Just relax. I don't see anything here to do out of the game. Just relax yourselves Just relax yourselves No, this is still too thin. I'm not in anything. I'm just scanning. I'm watching. All right Walmart Okay, I didn't do this here I didn't even do this it made such a monster tail But this is going I was scanning trying to find something else to do the stop was really big But this is this is okay. I didn't call it. I didn't call it. I'm not in it Maybe I should have just sat and watch this and nothing else But I wanted to give it time to shake out. I didn't call this straight. Let's just wait a minute Stop is 84 90. Let's see what happens here in Walmart 60 cents. It's not bad. All right, just wait here. I'm on the Walmart now I haven't done anything. I didn't call anything in this you could have actually just hit that in there But I didn't call it and I didn't see it and I wanted to make sure this is going to do what I think So just stay wait. Okay, we're good. This is not gonna be a small stop. We're gonna do 99 by 75 and this is not a small stop 99 by 75 Walmart 99 by 75 Walmart Actually, no, let's do let's do 25 25 25 by 75 Walmart 50 cents there there do it 25 get the stop in 75 50 cents is the stop in Walmart You could do it here. Let's see if this has to go over right in here now Or it's not gonna work right in here now and you could wait and take the bigger entry if you want to under the number here Here it goes. All right, there's nothing else here. Hold on Now forget this one No, forget this one. It's like a Jennifer's Nope, this is just really really thin be careful if you did this if you did this actually Jennifer here This had no volume in here. I actually would be like completely all out of it literally It has enough volume now, but it didn't know the entry. I'll go back and look at that in a second Here's Walmart Walmart. Okay, here we go Okay, here we go Walmart and I'll go back and call that CSLT if it has another entry But it was too thin to do let's go down. Let's see if we can get this all the way down here This is what I'm doing with this I'm going to Time of the day is 935. Hold on Hold your horses. I thought of this through the break of 83 I knew to get out of the whole thing there if you want and if CSLT sets up I'll call it. It was just too thin to take in there though Just be careful Jennifer and nothing else is setting up, right? That was a good call in this. All right, here we go Here we go. Here. This is it Walmart I'm getting out of half of this into the next drop into the next reversal time Walmart. This is it This could this is gonna be here. Hold on. I can't answer any of those questions right now. Just hang loose I mean, you should be in this already. Okay, this has the volume here This is gonna give an entry in here if you just it might have gone to the target Okay Walmart you could have gotten out of half of that in there You actually could have done that if you felt like you wanted to you could have um, but this is Gonna keep going so let's just see here But you could have gotten out of half of that in there Time of the day is 9 35. If my clock is right, which it is Kind of today actually Okay, here we go. Let's see we can get this whole thing down into 83 83 Geez, should we just get all up here? You know what I'm doing If this goes through in here and breaks 83 hard and gets down to 8.2 8 to something something something I think I'm just gonna take the whole thing but do whatever you want do whatever you feel like doing This really could go to $80 today like this is working They gave a good entry in there stop wasn't ever the high and market Is really actually going to try to make another new high today And it is hilarious and the spy looks a little bit different here because the spy is showing more weakness Then the QQQ is which is good for the Walmart This here you can do this right now. I will put the stop over eight eight oh five eight oh five If you want to do it. This is late. I didn't call us exactly CSL CSL team. You could actually do in here I haven't looked at any numbers. I didn't rate the gap. I don't have the targets. I have nothing I would use 725 ish if you want a number in here for CLST just basing it on the chart pattern I'd put the stop over eight I didn't call an exact entry in this and I'm not doing it because I'm in the Walmart But you could do this thing here. It was too thin in the morning. It's okay now Stop is big here if you didn't get the perfect entry you could be tighter, but I really wouldn't be And I'm in the Walmart Okay, this is gonna bounce and I don't know where it bounces But I have the stop in and you could take out half in here if you're gonna swat a bullet But you shouldn't be sweating the bullet if you didn't Because it set up the way that I thought that it needed to I should have just watched this and nothing else But you know what I would have had a bigger stop if I had actually done the first one So all's out well that ends well and I'm sure I wouldn't have done the ad I I really Get a clean sweep through 83 if it hits through it. I mean it's just gonna go So we'll see but it hasn't yet and if this has another setup, I'll call it I think I'm only doing one thing today, which I basically usually do This never set up This never set up and again that was too thin. This is nothing here at all Uh, this was a bullish scat and is way too thin and crappola And here we are in the Walmart We'll go over that then trader gal Time of the day is 938 And basically this really could have been done. This could be done. I mean again. I didn't call an exact entry in this And you could have done. I mean this really this has to keep going or it's done Catwoman wants another entry in Walmart And you could have really scalped this kind of you could have taken this and got all out in here I mean basically this was a dollar Time of the day is 839 Okay, I'm gonna call another entry in this And add if you're ready in it, but that would be very aggressive to doing this. So I really wouldn't Walmart right in here. You can do it 79 put the stop at 30 79 by 30 Walmart 79 by 30 Walmart I think that's enough of a cushion in here. The spread is moving 79 by 30 Walmart. It's gonna hit right in here. You can do it You gotta get this this doesn't have small stops. There it is 79 by 30 Walmart if you want it I'm already in it. Here we go And maybe we should just get all out of this into the next push down wherever it goes because it could be a good one It could be a big one I don't know if it happens a second I just gave it to you 79 by 30 my lanta This market I have it's really craziness And here did anyone besides jennifer do this? I'm guessing jennifer did it on our own We'll go over this then too thin in here to take the trade If I had watched this and like this and rated this which I didn't I would have called this in here I don't know where I would have told you to put the stop because I don't know what the spread was at this time But this is going watch 7 25 for a bounce And we'll go over that when we're done And walmart so if you want to be very very particular You could even put the stop and break even for walmart. I'm not doing that But you could I'm saying Boy, it's like the week for expensive stocks Uh key isn't going to work. Don't short this It's not going to work won't go red today. No point in shorting it Absolutely not Don't don't do any it there's nothing else to do If you if you did this on your own, you're fine. It's working take it on down bar by bar it Nothing else is setting up besides this and walmart which we're already in And the market's holding And walmart has to hold and I didn't get out of any of it So I'm not doing anything else if I could stop that on walmart. I'm done for the day I'll take a one-hour loss and be done but after yesterday It's not going to be that big of a deal and actually I was just that funny. That's I didn't take any out So maybe I should have taken a half out of that but I didn't But it set up the way I wanted So let's see If you did the second columnist though the stop it has to be 30 Because that's how you would have sized yourself. My stop though is not 30 at 75 No one should have to stop over the high of the day. This is such a jerky stock though Really, this is just exactly how the straights Let me just see if there's anything else Or whippy I should say Not jerky I it's whip city Okay, if you have to stop at 30 it's holding This this is this is walmart. This is how this trades. It's an 80 some dollar price point You could take a new trade on walmart 99 you could put it at 35 in fact, put your stop at 35 now Right in here. You could do this 35 cents walmart You could take it right in here and if you did the one with the stop at 30 move it to 35 Just give it five more pennies and and I'm in it from the original one, but Look, this is holding this is this is, you know Yesterday this one is was so beautiful for the price point and even in the morning I said boy, this is a wippy thing. Usually it's wild. It actually acted like an angel yesterday So, you know, I mean you will have this but this isn't an acting like an angel today This is acting like it normally goes time of the day is 9 45 I want to see walmart break the low of the day by 10 o'clock But now that I saw this and a reminded of the whip You know, I'm going to be all out if it bounces anywhere at 83 and I'm just going to do that Could this go to 80 dollars? Oh, yes. Yes, it could Did it rate? Well, no, no, it didn't and trader gal's asking me about this will go over it I felt that if this set up accurately today on the day, it would have a sell-off Whether the sell-off was just what we just saw where it's going to continue remains to be seen Uh, but it did set up the way that I described that it needed to and it looks fine It's not doing anything wrong But the rating was not good on walmart But I didn't see anything else setting up and you know So I decided to do this because it set up the way that I wanted to and key w did not It's not going to go red on the day at all OCRX did not that won't go red on the day at all CSLT I didn't like because it was too thin and I never would have done it because it was too thin But you could have done the second trade in this but you would have had to be watching this yourself And this is this looks like it here. You really are bar by barring this but the stop over 30 Market is trying to hold its amazing cues are making a new high right now spy It's not but it is trying to hold and it'll be very interesting It'll be extremely interesting to see if the market holds and continues holding here at 9 45 If walmart does actually follow through to the downside because the market is showing utter strength here in the first 15 minutes In in a gap that I told you really may not go anywhere at all Probably won't and that we might have some red in the market today in the body But it's really wouldn't go anywhere big time anyways. Not only do we not have any red at all We have green and we have green very early and the market is strong So it'll be interesting to see what walmart does and I couldn't fault you for putting the stop at break Even a walmart now given the market and the time of the day and the rating But I'm going to just leave it I feel like relaxed here today. I'm not doing anything else And you could have watched this for follow through but there's nothing here whatsoever in that No, you cannot do a thing with this. What would you be doing in this? There's no gap here See that's this is the out of this Here here. We got to get a clean sweeping Jiggy under 8375 again We got to get a clean sweep under 8375 to get through the low But you could put the stop at break even here if you took it with me and you have nothing to lose So what's on my mind today? Weird day because when I got up this morning Uh, I expected I actually didn't look at anything last night. I was resting I I expected to see a lot of gaps today quality, which I didn't and I even looked at some longs So it's kind of weird because it's actually a busy normally day here. It's thursday Look this walmart looks good people really this looks good Uh It's just very unusual to have earnings season in the middle of the week and a thursday and not have like a thousand things to Look at like it was bizarre world once again but Expect more of the same like I I I I can't even say like this is going to be such an unusual year for trading Which I did tell everybody last year that I actually think that You know, we we talk about earnings season. We talk about that everybody says well, you know Do you have that many gaps in non-earning season? We do have gaps in non-earning season Not as many as you have an earnings season, but I got to tell you for earnings season time As far as the quality I haven't seen the quality In the last three weeks that I have would have wanted to see or normally see in earnings season So again, this is going to be a very unusual year to trade the market I think we are going to see quality when we see it whether it's earnings season or not And it could be in the middle of the summer. It could be in the middle of march It's it's really going to be an unusual year. It's not here Walmart It's not it's just going to be a weird year like things are not going to be exactly the way that you think normally for things I I'm just telling you So you just got to get up every day and look for the good stuff and you don't do anything if there's no good stuff Who's in this and who's not in it? Who did what? I only called this I didn't really call this because it was like way too late already going and I didn't do anything with it I never called this and it cannot be called and it's not going to go red And I never called this and it's not going to go red And this is a piece of junk here Okay shower singers and wmt jj's and wmt jennifer did three things. Wow jennifer you're like a Chewing a lot of things Jennifer did csl t wnt. I'm a qw like qw isn't going anywhere. I really I would just like kill that immediately Jeff B is in wmt. All right Okay, so I'm going to give the an ad Or a new trade if you feel like doing Walmart On the five minute, but you've got to give it a cushion So I'd say 88 by 35 walmart 88 by 35 walmart you're gonna have to be patient on this you're gonna have to be so patient that you might not feel like doing it uh But now I I I'm actually as this is transpiring here and I'm watching it if it breaks below the day This thing is going to go. It's really going to go. It's going to go through 83 then I'm seeing that now So this is taking so long here to get going that when it does get down through the low It's going to break 83. So it will get paid in this. I mean, this is fine here. You're up if you're in it It's just you have to be waiting But you could do an ad in there in the five. I'm not I'm not because I don't want to do anything with my price And it's really not that far away from your price actually But basically This is just too wimpy Reds and walmart too. Okay Big little topping tail on the spy anyways Oh, look at this Well, I didn't do anything with this huge I would never still be in this though I would have been out of it at 725 Nice trade here though, jennifer if you did it, but again, you have to have volume requirements You have to have volume requirements. I can't stress that enough You cannot trade stocks without volume requirements And you've been in here all week looking at this stuff now the volume did come in but not in the first setup in the open so You have to have volume requirements. It worked though. I didn't pay any attention to it this morning So if you did a good job And I didn't really call an exact trade in this so I don't think anyone else in here did this besides jennifer, but she watched it I'm in this. It's the only thing I'm doing What do I have for volume requirements? There's two requirements one on the live day. It actually has to have enough volume on normal days For one And two it has to in the gap and three it has to on the live day that I'm taking it. So actually there's three things okay normal regular in the gap And then on the day when it opens on the day of the gap that I happen to be trading it But you know, you do get things we've seen this I just don't do them That are very thin that sometimes open now. That's not how this acted today I there's I can't think of one look at this. This is huge. I can't think of one that did it Recently Because this doesn't count because this did have volume in here by this point or I wouldn't have even said it was okay Uh there There are times where like something will open like this and just completely fall off the planet with no volume Now that's that didn't do that today here. You couldn't have taken the trade here. There was volume in here And but there's been ones where it they will just fall off the planet with low volume, but then they can do the reverse That's what happened with this. You see this Let's watch this um the HLX I'll have to look at that But key w had no volume in it this morning And it and it opened nowhere near where we've looked at it and then completely flipped and isn't going to work So that's a lot of times the danger of doing some of this. No volume and it's too dangerous to do it with size so I don't So I pass on the ones that go like that that don't have the volume Although you could have done the later setup in that But in the end I'm ahead because more do what he did than what see SLT did today And it is too risky It won't hold a stop if you put it in with that volume like do you know what I mean? It would hit through your stop and you get blown through your stop like you would get blown through your stop a dollar I know because I used to play around with this stuff when I was really starting at the beginning stop on walmart's 84 75 For me if you did the late trade on this on the one minute chart I said to put it to 35 and that really should hold it never triggered on the five minute I still think it's going to in the 15 minute, but I did tell you like 10 minutes ago. You're now patient with walmart I have nothing else to call If you did this with me you're in this there's nothing else to do So the cues are holding the spy is trying to hold weaker than the what should I call it And this did anyone else besides jennifer do this? I doubt it because I didn't call it and I didn't rate it and put any numbers, but did anyone do it Excuse me And is anyone in anything else the walmart today? And I didn't get out of half of it down in there And I'm going to regret that if I get stopped out because of the move, but Catwoman didn't do anything else Jeff b I'm guessing you put the stop at 35 into the late entry. It did hit through 35 if you had to stop at 35 you're stopped out So let's go over this Here's where I did it in here. Here's my stop and here's where I did it It did have a big move. It actually did have a nice move in here. I just didn't get out of any Then I called it again in here It held the stop I gave then I called in here and said give it 35 now. It's rallied it rallied one penny over 35 It's crazy, but it still actually looks like it's okay here But if you had to stop at 35 you're out And you know, you can retake it if it sets up in the five I can call it or you can just let it be I'm still in it though Did anybody get out of any in here? I did not I know it stinks if you had to stop at 35 if you did the late call But I actually think it still looks okay So I will call it again for anybody that wants to redo it, but not right now Is anyone know anything else? Red still in walmart who's in walmart with me with the stop at 75? Look at this cues Jax did it and he was out. Oh, okay Look at disney. Oh my lanta. I haven't looked at this since. Oh my lanta. Has this gotten a 105 yet? Wow, okay line 38 still in it and I still in it cat woman got in it got all out the first shot or re-entered If you re-entered, where do you have to stop cat woman? Is jeff be the only one that did the second trading with the stop at 35? That's out But jeff you got back in. Okay. This is definitely going to need the five minute. It hasn't triggered yet Let's look here and see what we have on the agenda. There's two numbers out at 10 Let me just see what they were again Two numbers out of 10 This is like Oh my goodness Two numbers out of 10 and one and 10 30 and one 11 a lot of data today Big big day for the data. This is the walmart. I know Whippy and tally and jiggling and wiggling and what I'm in it. Okay walmart five minute I do oh five by 55 And this is a big cushion, but it's because of the jerkiness of it I do oh five by 55 walmart And that's what I do if you want to retake it And that's the situation and I'm not retaking and I haven't done in that I haven't changed anything that I've done since the first time I did it I'm very relaxed today for some reason. I don't know if it's because of yesterday Or I don't know why but I just am I guess I'm relaxed because this opened the way that I thought it would So I feel confident it will sell off today and hold the red No matter what the market does Like what I'm saying is that no one is going to buy walmart today I guess that's what I feel confident in that because of the open in walmart today in the gap That walmart no matter what the market today like no one's going to buy walmart today So walmart's going to do one of two things here you go walmart's going to continue to sell off today break through the low and go to a number Here's the five minute on walmart Or walmart's going to just flat line here and be do do do do do and stiggle around this area between 83 You know 90 and 84 30. It'll just be like flat lining here Like not really go anywhere not flipping go red and not continue down Not flipping on green and not continue down red. So walmart is not going to get bought today by anyone So it's either going to break Continue to do so or it's going to just flat line here and be like Done like it had to sell off in the morning. Nobody's buying it Nobody's selling any more of it and it'll just flat line in which case we could get out like breaking even there was some profit probably I wear the small loss but You're up in this if you're in this with me now, you're just having a patient And if you lower the stop to 35 you're out you could retake in here It's setting up on the five it has to convince they break through 83 75 or it's not going to get any push It's not even the lower the guy Catwoman got out the second time. Catwoman. Are you taking in the third time or are you done with this now? Should volume requirements be based on your sizing? Good question Let's go look at this. Oh, this is crazy Here's exactly what we're talking about about things selling off at no volume although this has volume in it now HLX let me go back and look at that one. Did that do that with no volume? Let's just see I forget Here's the problem If you say to yourself 217 Somebody tell me if Walmart does something Yeah, this is what this was the one because it didn't have any volume and just sold off straight So the vine came into the sell-off You could have done this here. There was volume in it by this point This is like a kamikaze though, but it would have worked Yep, there was no volume in this one So this is what usually happens with that lack of volume If it does go it could go huge. That's the chance you're taking it's almost like uh, you know how people like to do post and pre-market trades and People like to do them. Sometimes you see something that gaps like for example here I just want to keep my Walmart up here in the middle Like this Let's pretend that we Saw this Like if you had seen this happen first of all, you wouldn't have been able to do anything in here It just would have went boop and there it was Then you say to yourself. Oh my lanta. This is like what you're doing here You would see this and you would say you would see that bar. You say i'm shorting this sucker now here If you short it here it's at 87 This is nothing to short. I'm just saying like let's just see this falls out of the sky. It's at 87 You take a post market short. This is I'm not telling you to do this. I'm not this is no strategy here There's no nothing here. I'm just saying this is kind of similar to the the idea of the thinness It does end up continuing and you get up in the next morning And you get up in the morning and you're up three dollars in a trade But the stock could have rallied all the way up to 94 or 95 or 92 You could have been down three dollars in the trade. I guess it's the point I'm making So it's like the idea of doing anything long or short With no volume requirements is very risky almost as if you're playing in the post to pre market because you don't have a stop in You don't have a stop at all. You can say it's a paper stop, which that means nothing So you really have no stop in and even though if it works, it could be huge Like you could have got up in the morning here, but up 10 dollars in fossil now it ended up opening you know Where I did but I'm just saying It could have been the reverse so for everyone you do that falls like Uh, the cslt or the himx with no volume You have Just as many or more than end up being like this that don't work And it doesn't pay you and it's it's actually too risky. I think that's the problem. It's too risky now. Could you do it with, uh Small or share size? Yes, you could but still if the odds are not in your favor Overall to profit from it Then it doesn't make any sense And the danger is then that you're in a position where you're used to trading with small volume Then you never get your mindset to a position where you're trading with large volume I don't think anyone in here has a problem with that. I think some of you I think some of you are fine with trading with size and you just do it I think some of you are not fine trading with size and you just never try to I think everyone is kind of in their own mindset about sizing and like Generally most of you and i'm generalizing here. Don't move outside of that range I don't know why but I think in general some of you just trade a position size you're comfortable with and that's it The exception of maybe one or two people that attempt to trade outside of their normal comfortable level of size And then they don't do it well But I would say in general most of you stay within a range you're comfortable with and you just stay in it You don't veer out of it But the problem is that your brain getting back to the way your mind works gets used to taking trains without volume Without size You're used to taking trades without size You don't train your brain to take trades with size and then every trade you're taking is Similar sizing which is the right way to do with our unit But then you never get to the point where you're taking larger risk and then you never make more money And so then your brain is trading training itself to take small size And then how do you ever make the the big money? You don't So then it all it all just doesn't really in the end make sense You train yourself to do the right thing on stocks as if you'd be trading with size Even if you're not at that point yet with your learning or with your account so that one day you can be there And the risk to reward doesn't pay in those trades because for everyone that works three don't And then it doesn't the numbers don't make sense Anna's saying correct. Let me get back and look at what jennifer says jennifer did it without volume 80 percent of those work for you Been testing it for a while I don't know what you're doing to look at the gap jennifer You didn't do my class So I have no idea what kinds of things you're doing to look at a gap or determine what gap you're doing or just moving every single gap down So I have no idea what criteria you use If what you're doing works I'm not sure why you're looking at what I do if what you're doing works and you're a profitable day trader and gaps I'm not sure why you're examining my class or trial in your room If you have something or you're making money go for it If you've tested trading thin stocks and it works 80 of the time for you that is a huge percentage of profitability of time for things to work I I don't even know why you're even here then. I mean that is a massive percentage of profitability for something to work And something like that I I I'll just give you carte blanche to say I believe you but in my experience for seven years looking at gaps of fins They don't work like that, but I don't know what criteria you use So if you have a criteria to hone those ones to get those ones to work 80 of the time go for it do it and Dying it out you know I that's not what I do But if you have something that works do it I always say to people if you have something that you're making money in the market, just do it Do it I think a lot of people don't have things that work Consistently, but if you have something that works just do it I mean you don't even need to look at something else that that at all It's like people want to do different things people want to do options They want to do futures. They want to do forex. They want to do gaps. They want to trade stocks. They want to do overnight They want to do everything You know, I just don't Think like that like if you have one thing that works, which I have one thing that works This is all that I do. I don't want to do anything else. I don't need to do anything else Surf dog dreams of teaching me options I just can't see myself ever wanting to do them But you know in a dream world surf dog wants to teach me how to do options so badly Because it's less cost expensive as far as doing the stock as far as the cost to take the position Which I understand where he's coming from But I just have no desire to learn anything else other than what I'm doing because what I'm doing works And I just want to keep taking bigger risk and what I'm doing eventually and this Walmart is going and everyone should be in it If you did it and you have it at the start with me It's going and here is Walmart and hold on. I'll look at your comments in one second here. Let me just look at the market I mean, this is really actually stay with the Walmart. Look at this. Look at the market Look at the market. Look at this All right. Let me just look at your questions. A couple of months is good. A couple of months is a Couple of months is a couple of months. I mean if you're making money 80% of the time it's for a couple of months I wouldn't not believe that Again, I don't know what criteria you're using So Trading alone stinks or sucks. She says You're looking for a place where you trade similar style. Yeah, that makes sense I think a lot of people like being in here because they get the confirmation Uh confirmation like if they get up in the morning and see something like Jeff B is new and he sometimes puts in a pick And Jeff B has not done the class I think Jeff B likes the confirmation if Jeff B saw something Now again, Jeff B hasn't done the class yet, but if Jeff B saw something and I like something Then it's like the confirmation So I get that Jennifer's is true since you're very profitable. Yes, and also I have a good eye I mean I have a good eye when I went back and looked at this. I was like, what the heck? I mean, again, I was sick on Tuesday Like I really didn't feel good at all on Tuesday when I was in here in the room But like I said, this is the only thing I had 100% conviction in and this sucker went to the dream target I mean, it's like I should have just taken like 25,000 shares of that Put in the stock rolled away went back to bed slept for five hours and came back. This thing worked I mean, I have a good eye I mean, look at the market. Look at this. Look So, I mean, that's the thing where you get the confirmation from me In the rating. Look at this and again, here, let's go over this Let's go over this right now because Trader God has a good point This didn't rate well today, but I have a good eye and I said, you know what if it does this it's gonna go I mean, this is why I'm in it But really if you were very very strict today, you didn't do the Walmart Who didn't do the Walmart? Who did not do the Walmart? Be honest with me And if you didn't you were strict you were stricter than me I did the Walmart today because it's the only thing that's set up and it's set up the way I thought but to be honest with you it did not get the rating. I rated it. It didn't get it Did anybody not do Walmart today? I'm being honest And if you didn't you were strict and you get an a plus plus even if you didn't do this Write it in the room and tell me Dave the other Dave already signed out. I bet he didn't do it He's very strict. In fact, if there's nothing the rates never 20 points. He signs out immediately And he's not here Jaffa didn't do it Okay You get a compliment jaffa because you were very very strict Jennifer did it because she believes in me. That's nice. Say since you didn't do the class That's very nice compliment. Jaguar paw didn't do it because of the rating jaguar paw Has increased his risk and is being disciplined and that makes sense Line 38 I did it but only have slides because of the radiant and daily support That's okay, too. You could have that in your training plan as well. Hold on. We have to pay attention here This is one of this is the number I wanted has to break through 83 75 kaboom. Go do it here. It didn't do it yet It has to this has to break through this Hold on I know it's going to though it has to um Just hold on one second I'm going to get out of One third and I know this is just me being a stickler poo But I'm going to get out of one third here if this actually does not break 75 just a third just one third of it Just hang on one second I'm going to still keep two thirds of it just to because I This could push back again and again and again and again I still think it's going to go and break it or I get out of the whole thing here But I'm telling you how to break 75. I don't know if it does it this second Come on. It's going to do it. Here you go. Let it go. Let it go. Let it go. Let it go Let it go. All right, um Yeah, that's another a plan of action You could hear this goes nice call here today. Jeez. Oh my gosh. This did not rate good. This did not rate good people This is my eye anyways getting back to what I was saying the Training plan that you have could say gaps that rate 17 18 19 No one should do anything even remotely under 15, but you could say between 15 and 19 I'm going to take half size or if melissa calls that I'm going to take half size Even if the rating isn't 20 there that coming your trading plan you can actually say But if the socks whoosh makes the call and does it If the socks whoosh makes the call and does it I'm going to do it half size even if the rating is not 20 points or more there here. Look where this goes I mean Just and I was even giving the market room to commit a teeny weeny weeny weeny Oh my land The market's getting bought today. This is actually buying this is buying market's getting bought I don't even know why I'm surprised here All right, if we don't break through the low of the day though, I am actually going to get out of path So let's get ready for that and then the rest wherever we go time of the day is so late here I can't believe how late it is. This is crazy late here for being a trade. It's so late. It's ridiculous In fact, I'm not letting this get over 75. I'm taking half out if it boops over 75 here Just hang on one second. I'm out of half of this if it doesn't break the low right in here It's not going to write the second Okay, hold on trader gal. They'll read what you wrote in one second Uh, all right, let me just read what trader gal wrote. I think this uh, now hold on Yeah, here it goes. It's gonna do it. Oh my goodness. Let's just come on vacation tomorrow Man, I'm really this if this thing drops anywhere where there's an eight One in it. I mean, I don't even know where this goes But I'm just saying if I if I find me this for like a three dollar move again today Like I'm just gonna I don't even know it's just I can't even have any alcohol right now. Listen. I'm sick. I can't even have any wine I can't even celebrate. I like I feel like such crap. I went so much over the count of mitigation I can't even reward myself for the glass of wine here. Let me read what trader gal wrote A hand in the button here to if this band says I just took out a half there I'm not taking any chances to get bounced back in the 70s. Put the stop back in put the stop back in that's here And I still have half but that was a good decision Okay, all right. Let me just read what and I just did this to just a book some money here. It's very very late I still have half the trade. I like it. It's good. I love it. It's gonna bounce again All right, this this second trade and third and oh my goodness. Look at this. Look at it Oh, that was a good exit for half in WMT as an example of what I prefer using high of day stops To avoid getting picked up them have to move to new lows true Except for I did take a good entry with a stop that was not the high of the day that was aggressive But you're right about the full on second or third entries in reference to what you're saying for the initial You could use the initial stop not high of the day. It's whatever the initial stop was But she's saying the risk is much higher at that point. So I'll take the first entry Yeah, that's fine, too. Did you do the first entry? I hope some people listen if you really think this is going to some crazy number You're gonna have to be careful. You're gonna have to like be patient here now I did get out of half of that at a good time there Okay, you did do the first entry. All right, let's go over this here And there's nothing else to do and I got out of half that at a perfect time. Oh my lanta Jeff B. Did you retake it? Okay, good Jax No, I was talking to Jeff B. Jeff Jax you Didn't have to retake it because you got out of the whole thing in here And I think that's fine for you and you're doing the class this weekend And you're not gonna get crazy aggressive until after that anyways, so that's fine um Meanwhile And Jax was so nice. He actually sent me tea for my cold I left it with the concierge. That was very nice Uh, so thank you Jax for thinking of my health this here Again, Trader Gal's point is valid, which we all know if you're in here more than like Five days, I mean even more than like three days The the aggressive entry is always the best when it Sets up and works meaning the gap like what am I talking about? Sometimes you get a gap and it doesn't work point in fact This I never called a trade in this today. Could you've shorted this? Yes Are you up any money in this? Well, it depends where you shorted that I don't even know if there's any volume here I think this was too thin even a short this year So I don't even see myself doing it and I wouldn't have done it because of the way it opened But anyways the bottom line is this this was a gap that could have been valid that could have gone out to work It did not do it so it didn't work didn't call a trade and it didn't do anything with it. Leave it be It's not going to go red Sometimes you have ones, okay that You watch but they never set up something you don't take them and you don't lose any money Sometimes you have ones you watch they set up You do them you make the money Sometimes you have ones you watch They set up You put the stop in They stop you out They don't work You see right a ways you're not going to work you get off of them Because it did something that shouldn't have done After it's set up Sometimes you get them they set up you get stopped out they could they do what I call they fix themselves and then You can retake them and then they go on to work The last two things I discussed are very rare It is very rare that we get stopped out of something And that it fixes itself and goes on to work It is very rare that we get stopped out of something And it fixes itself So but there is times that that happens and that's why you have to have a plan of action for if you get a stopped out Are you going to retake it? Do you still have conviction in the stop in the stock to do it? There have been times though since january 1 where that has transpired Like and not had the follow through meaning that there was a short on the second move But it didn't have the follow through to the target So if you had done the second training you could have made back the money from the loss of the first one If you had retaken it if you'd done the retake if you kept the conviction retook the stock Readed the setup made money made a leash one hour in the move in the secondary move But it never went to the target and you never really got paid So you basically just got back to break even on the second trade That's never the reason you would be should be looking to retake something And I'm not saying that's a revenge trade I'm just saying that's never a reason to retake a stock If you retake it you should believe that it's going to go on to work to the target And that's the problem here like first of all this never set up But let's just say it had set up failed And you retook it Okay Why would you do that? You like again the read on this is that this will hold the green today and every stock you look to short You're looking for the body of the bar to be red now fossil Had such a tremendous gap and such a tremendous move in the morning That it actually did not close with a full on red body Do you see how did anybody see how this closed actually? This closed and the market was strong yesterday afternoon, but that's not what made this do this This closed Like very strong for a gap that did what we shorted with the move that we got for the move that we Got paid on this to the downside today. I mean yesterday But I'm saying that that's because of the way that the gap transpired Usually when you're doing a stock and you're trading a thing then you're in it You're looking for it to be read read on the day Hold the weakness And the problem is that after a certain point you recognize that it's not following through And that any secondary position you've taken it or if even it's a first position if the rally was too big or The good whenever in a certain number is something that isn't going to make it go red And therefore you're almost doing what I would consider a scalp trade Can you make money in those? Yes, whether you took it whether it's the first time or the second time Can you make money in them? Yes, of course you can But but the whole idea of what you were trying to do with your whole life of the gap is gone Like every time I go into something I'm going into it Like that and that's gone then after you see this and you're like Uh, it's like I can't get excited about doing it. Look at look I don't have any conviction If that's really that's the best way to describe it And I need to be talking more about conviction to start to instill some of this in you But I mean that's what I'm talking about about like I conviction in walmart today That if it did what I said it was going to do in the morning Because I said there was no resistance in this If it fell off a planet Right away. I said I have conviction to short it and that's why I did it I really wouldn't say this to fall off a planet Kind of kind of and that's why I guess I stayed with it here even though I just had to drop But this move in here Actually was enough to make me feel like This is almost a dollar So 84 80 here is the high and the low here is 84 oh one And I didn't get this here immediately here, but this dot would have been bigger Jennifer saying I must say melissa. I did review my log up past trades And about 90% of the trades you've been shorts and the ones that made the most out of the shorts You never even noticed I can't believe you never even noticed that. I mean I shocked that you never even noticed that. I mean, this is why I like to short I mean, actually, this is why I got into the shorty in the first place and actually I'm Very specific with what I do in reference to my Uh ratings and numbers with the trades and things but like when I was deciding when I it's not like I just woke up When morning I decided like I'm going to do shorts because I've looked at all my results of shorts and I saw it It was like I just decided that I would do shorts because like somewhere because I just knew that my results were better Like I never said I never went back and tracked everything. I never went back and tracked anything Like that's not how I even figured the stuff out I mean, I just kind of like integrated it with what I was doing I never went back and looked at my results and tracked them and decided and made a conscious decision I'm only going to do shorts or mostly do shorts because I went back and tracked my records The fact that you did that is good for yourself. My personality is not like that My personality is I'm like living in a moment and I'm doing something and I just know I know that I'm making more money on the short side like and the records were to affirm that obviously But I mean when I decided at the beginning it was like I was like oh my lanta and I just realized it and I'm like I'm just doing it. I mean this this is it. This is the way to make the money quick And so I just knew from experiential like this is all experiential here Like me deciding to even do this But if I had went back and looked at the records it would have showed the same thing And it also was the timing and that was like a no-brainer. I mean, it's just like a no-brainer that shorts fall out of the sky faster than logs There's absolutely no panic that happens in buying Except in a rare rare occasion. Oh my gosh. This is a great point. Listen to what I'm saying here I gotta write this down and hold on I'm gonna forget this There's listen, this is I'm gonna say something very important is everyone listening And I have to stop in this. I got out of half at a perfect a perfect entry I mean a perfect exit for the half. I still have half this stuff And if you you could have got out of the whole thing there, but actually I think this is fine You just went through your logs us all the hour this morning. Okay In general in reference to shorts You have the panic which makes the selling action. We play on it We shorted before that huge selling action comes in or the momentum We're taking the aggressive setups. You got to know what that is These setups happen quickly if you don't know what to see and you're doing it You shouldn't be doing it. No one should be trading on a one-minute chart In an 83 dollar stock that does not know how to read gaps on a one-minute chart At all, okay, which many people don't know how to do But this is why you if you're observing in the room on a trial you should just observe This is why many people take the class before they sign up for the room, but in reference to longs You have buying that comes in You have buying that comes in buying people are buying disney. It's a nice strong stock You don't have panic That's creating buying in disney It's just nicely rallying People like it. They're buying it for whatever reason It's higher in general. You do not have panic in longs That's why the moves take longer to go. You might have to stay in the trade longer You might have to wait long for the setup to happen. Do you get aggressive setups along? Absolutely Sometimes what you get is a quick trade in a long and you can almost just scalp it quick quick quick quick And it was almost like you could just take it go and take it right out the whole thing Let the thing pull in and then buy it And then you have your second trade which goes to to to do and actually if I traded longs in a regular basis It's exactly what I would do. I would still be aggressive. I would take the long entry aggressively I would get all out. I would not get out of half. I would get out of that whole stinking thing I booked money I'd wait and see if it reset up sometimes they don't Then I would and then I'd be more patient in that trade let it ride And then I'd risk one r in that and hopefully I would have booked at least one r in the first trade So I'd be breaking on the day if it wouldn't fall through or more the first one depending where it went And either way I wouldn't hold it because sometimes they don't reset up And sometimes they do but they don't hold the stop Because longs make little tally things and have so many machines in them But anyways, my point was If I played long all the time, that's how I would do it It would be different than what I do now in the actual way. I would do it but the The idea of the lack of panic in longs is real except in very few cases And really I can't think of any right now except the market But I'm not going to say that's the only thing it would be Because it will carry over into all other stocks that people want to be in this year as a result of what the market's doing But the market will be the instigator of that so One of the reasons that the market is going to have an incredible year this year is because fear is going to come in Even in the upside because people are going to panic because they're going to think that they missed the up move And they're going to buy and they're going to buy late And that's what's going to make the market go to the crazy number And I don't know exactly where that number hits often happens But I'm saying that's why I know the market's going to keep going this year It is very rare you see this you might see it once every 10 15 20 years You might see it never again. It is going to happen this year You will have it partly over into other stocks that are bullish this year Where people will buy as a result of panic the panic or the fear is that they're going to miss it That they don't take it. They're going to miss it. This is very very rare. You don't have this on a consistent basis going on That's why I don't go long every day in my life. Can you make money going along? Yes Is it a little bit different? Yes, would I play it differently on the one minute chart? Yes But you don't have the panic and fear for the quick moves in reference to shorts like you do all the time But I will say that there is panic and fear that's going to come into the market this year Even with the market rallying higher because people are going to miss it Either missing it now or they're going to still miss it and later even after a push It's really really big people are going to say that they miss it and it's going to be unusual But that is I just realized and that's why I just wrote it down There there is that is what's going to happen this year, which I really kind of saw play out Which is why I said people are going to try to at some point people are just going to give it up And it's probably not going to be until the fall Of 2015 but there will be actual fear that comes in that creates buying this year Which is very rare and it's not a usual thing in stocks It will parlay over and fall over into other Companies not the market this year as a result of people feeling. Oh my gosh. I'm missing this. I'm missing this. I'm missing this I mean, you know what the kind of kind of happened with apple Not recently but like whenever this was like, let me just look at this chart I mean this kind of kind of would happen with this. This is so rare though. It's like so rare It's almost like people it's almost like people are so in love with something that they panic and fear that they have to buy it That is so rare though in logs. I mean, this is so rare. The fact that I can even see this is like really But here let's pretend that we go back. Remember the price of this is different now Let's go back and back and back and back and back and this whole chart looks different because it really was different because The price point wasn't the same here like these numbers on the right aren't right Yes, that that is what happened here. Look at this see Gosh, you know You really got to understand what's going on in reading price action in gaps It's the people but it's the people that make the gap So that's what here. Do you see this? This Does everybody see this? Now this is apple You get up, you know, these numbers here really aren't right Because when they did this This stock was at some different number here Which I did had saved some of these charts, but I'm just telling you these numbers really aren't right here like on the right Let me just look at here some questions Agree, but at retail price is not wholesale and it's laughing. Yeah But it doesn't matter because people will still feel the fear to buy But that that it is so rare that that happens in a strong stock It is going to parlay over as a result of the market into strong stocks this year not everything but some things Okay It's going to be a big opportunity short too later this year and stuff that people are buying that's weak that it really This shouldn't be buying. Let me just write that down too. I really took my vitamins today This this here. Hold on. Let me look at my Walmart trade I still have the stock of the original place Jeff B Just wrote that he took out of the rest of it or killed it. That's that's fine I mean, I don't know where you had the second stop in this And this hasn't gotten through the first stop or the second stop here, but this has a big rally So whatever you want to do with this, you could take out of it. I mean, it's back up with the original price You're so profitable I'm just going to keep what I had. That was a good exit though in the half. Man, that was a good exit Let's go back to apple This Created panic buying or it wouldn't have done this Okay This this is very rare and this is so rare And and and I don't know exactly like, you know How the market's going to look like with this I can see the price in my mind in my brain I can see the price like I see it outside. I know the spy is going to 300 But I don't know how the candlesticks are going to look but This is what happened here like People almost like we're panicking that they didn't have apple long here That that is so rare that people would panic to go buy something But I'm telling you the the market this year is going to create that It stops in the market and that that did happen here in apple. I mean, I can see that that's what happened here Okay, it's the only one I can think of like to say that exactly But you know, it's a very rare thing. That's another reason why the market's going to have a very special year this year It is so rare that that happens So the short sign works on consistently if you know how to do it because you get the panic in the fear that comes in It comes in quick and the quick move happens fast I'm not saying the bullish move in the market happens fast this year But I'm saying there will be fear based longs that take long positions late in the market this year and in bullish stocks and in everything Based on the fact that people will feel like they missed it Like they they're missing out like, oh my gosh, I should go long here if I didn't go long here Oh my gosh, I'm gonna miss it. Everything's going to the sky and people will buy At terrible prices and late and that is what's going to drive the market drive it up more I hope you people listen to what I say. I really hope you listen to what I'm saying Jaguar paw said about a month ago. He said PCLM will hit 1500 this year and now it's a 12 13 At the beginning of the month of stock was at a thousand. Let's look at it. This is surf dogs like baby mama I gotta really concern my voice here people Did this gap up today? This was hard today. This was hard to do anything with today Okay, so what's your question here Jaguar paw? What do you what do you want to know? Yes, it's going to 1500 this year 100% conviction and no chance of failure. What do you want to what do you want to look at the gap today? I mean very hard to buy that with the way that it's set up, but This is gonna flipping a green today. I mean, this is just nuts. I know one should be day training this but This is a long what what's your what's your question here Jaguar paw? You don't believe it's going to 1500 you do believe it is your question in it. You have no idea or what are you saying? This with the market will Absolutely good. It's like not even that's not even the dream number like I'm not saying that's just that is a target There could be other targets. I can't I can't see anything past that right now in this But I know this is going through that number. I mean that's like no brainer Oh, you're saying my calls are always sharp. You're always on it. Yes Yes, because I did say that and I don't remember when I said it when when did I say it? I'm sure I said it in here when it was doing this crap and people thought it was a short But there was nothing wrong with this. I don't remember when I said it I have no clue when I said it, but I probably said it around the fall last year or the end of last year I don't think I talked about this in the summer But I probably said it when all this was going on do do do do do do do do What is making a series of lower highs and lower lows and everybody in the world wants to Do options in this to the downside in a million miles and there was like what? I mean this thing is a beast And there's nothing wrong with it even with all that Wiggliness in there and it was never in a downtrend and again This is why you gotta learn how to read trends and you really don't learn how to read that except for in the trends class But you don't need to know how to do that for day training specifically But you do need to know that for overnight so really actually to do an option You should know how to take a trend and something for a long term if you're in it for a long But this is like not even a dream target for this I mean this could go to some insane number this year if the market goes to 300 which i'm telling you it's going to do This could go to 2000 like I wouldn't put it past anything in this I mean do you understand how much things when things are want to go They're going to go like they are going to go as much as they want to go with nothing stopping them Like infinity and beyond basically Like infinity and beyond I just got done explaining to you This idea of the fact that panic is going to come in to people to buy That might happen once every lifetime of the market or once every 35 years or once every 25 years It hardly ever happens in stocks. It's very rare and it's going to happen in the market It will parlay over into stocks this year if the last time it happened again I wasn't even trading at this point yoga gal if she's in here still Let me see if she signed out or not yoga gal you here yoga gal might have been doing stuff at the time with the internet bubble I I wasn't trading then yoga gal was a stock broker That whole thing with the internet bubble and everybody buying everything in the world every every internet stock was going I mean all of that going on. I mean that was probably the last time they were going to see something like we're Going to see this year except for people aren't Able to see it the way I see to ultimately define it because there was an explanation for why that happened because there was all this All these same type of sectors the sector this these companies the sector that had this burst And the market was taking off and it was a time in the world and the us and things were just taking off economically But like because there isn't a rationale for this to be happening here And in fact people look at the economy of the world in the united states and they look at the way the world is And things are happening and their rationalization for looking at the market is that we can't possibly keep going And we've been going for a while and we can't possibly keep going because economically things are not what they should be reflective in Country's deaths, but there but you can talk and talk and talk and talk and analyze all you want It's a price is saying one thing you've got to go with it And that's how you make money like you've got to go with it. You can analyze and over analyze and Subjectivize and do everything you want But if something is flat out in your face telling you boom, it's like how can you not see that it's like Do what I do Is more like like if you're okay, say, you know someone here. I have to pay attention to Walmart all right, i'm still in this but I don't know how it's gonna end up here with the rest uh, it's like it's like, you know If you had a friend and the friend said something to you Over and over and over and over if we're dating someone this is a better explanation This is a better analogy So you're dating someone and the person says all the right things all the time. Oh my gosh, you know, they love you It's fabulous and they give you compliments all the time You can't you know can't get enough out of this person wonderful things But they don't actually do anything to show you that they care about you Eventually you're gonna be like do I believe anything this person says? Like you have to look at the reality of the situation. Okay You can you can you can hear everything all the The analysts out there you can hear everybody analyzing why the market's going to crash why it should crash Why it makes sense for it to crash They can talk about oil. They can talk about the dollar. They can talk about the economy They can talk and talk and talk they can talk and talk on tv for 24 hours a day for seven days a week for 12 months a year But if you see the price doing something That is in your face Which is the market the market is Getting bought today in your face. I didn't even know this would happen today I think I said in the morning. Don't even be surprised if we rally today I'm just putting it out. There is small small possibility. Don't even be surprised and that is what is happening It's like really I mean this is getting bought so you can you can over analyze everything and rationalize everything But at the end of the day boom, okay, look hello There it is so, you know That's why you got to learn how to reprice right and it's not just what the price is doing It's what the price is doing the gap that hones me in to tell me what the market's going to do But I'm saying that in general you can Talk and talk and talk and make sense of you can make sense of anything you could take one side of an argument I guess this is why I've gotten to this point in my life because I really did I majored in philosophy. I majored in Philosophy it was constant writing things and arguments and if this then that and I guess that's what I do with stocks I do if this does this then it's going to do that if walmart opens and crashes through the floor today We can short it then we can short it if walmart does this then we can do that If fossil does this then we can do that. I guess that's that part of me That is a philosopher that says if this then that which is comes back from my original training, but I'm using it now with finance But the interesting thing is you can you could make a good argument for any argument if you you could try But in the end one is what you see That is evident You got to like see it and you can't be Blind by it like there are people that are not out of their shorts in the market. Yeah, it's like If the reason for taking the trade is gone exit the trade That's a quote by me melissa armo If you took the market short because it made a series of lower highs and lower lows in here You should have been out of it You should be out of it by now and there are people that aren't If the reason for taking the trade was you thought it was a good trade because the market made a lower high here And you went short the market and you stayed in in here and you stayed in here You should have been out of it here You should have been out of it here or the very least here and people are not out of it yet If the reason you took the trade is gone you got to get out You got to exit it and people haven't done that yet So, you know once again, don't put a blindfold on about seeing what's something not every trade is going to work out that you do You have to make certain that you don't take a bigger loss of something that you should I don't know what's going to happen with the second position of walmart today. I have absolutely no idea I did do the right decision though getting out of half of that The lower the day didn't really break it But I still I'm holding with this because look at this and look at the market But I will tell you that it is 1046 It is 1046 and I have things to do this afternoon and I'm not sure what I'm going to do I may have to kill this because I have an appointment this afternoon I don't know what it's going to be looking at at that time But you're on your own if you're still in this past 11 o'clock to do whatever it is Or you can take it out right here break even with the rest and put the stop Where it is you could lower the stop you could have gotten out of it all and there you could have done a million things jaguar pot Said I said it back in january about pcln. You've been watching ever since wanted to do an option, but it's too expensive I said that in january I should just start doing videos on every Major stop Why don't you put it in the room some suggestions of why don't here? Here's an idea I'm not saying I'm doing this right now. I'm sorry. I voice Tell me in the room every stock you want me to look at Let's I should do them this for this year pcln apple Netflix Microsoft I could do a video on all these things for what I think they're going to do this year I want to see the big ones What else give me some other big names Give me some other big names in stocks starbucks Look at this. Look at this I haven't even looked at this uh first of all Did anyone do the swing trade I called a swing trade in netflix did anyone do it? Anyone that was in the swing trade letter I called a swing trade in netflix. It is basically At all it hit through two of the three of the targets. I think did anyone do this. It was expensive to do amazon I'm not doing this second, but I'm just saying I should I can go back and look at them myself the next year Look at this. I mean look right and this is holding so I made my point It was a good one if you listened to me today eBay All right, if anyone comes up with any other suggestions you can email me Maybe I'll do that next week I'll have to do it soon Does anyone have any questions about anything you either did all the Walmart you're out Or you are still in half of it and no one should be in the whole thing The gap classes this weekend saturday and sunday some of you emailed me about doing retakes. I did receive them Line 38 I got it and if you are new and on a trial and you want to take the building gap class the deadline to sign up It's tomorrow It is thursday february 19th One more day in the week and I have no idea what we're going to get tomorrow And I'm not ever really concerned about it Everyone should be positive today I did the key that we end up doing This isn't going to go right Does anyone have any questions about anything at all? Do you know what you're doing with Walmart? You're on your own here. It's actually holding. I mean I know it's like Really had a big rally but gosh, you know Just it's it's you can't like even just It's just when I see things like and I never know what that is. It's completely unpredictable But what I said today was actually accurate The peer fear and panic is going to come into the market this year is going to create fine That is very unusual It might happen once every 30 years and it is going to happen in the market this year and no one can see it But me because the thing is that it's not going to have an uh a reason to do it like before it did have a reason There was an internet bubble. There was a sector of stocks that was driving the market and there were companies There was a new creation of this Manifestation of this wonderful thing that's not part of our lives and there isn't anything like that now And despite that countries are struggling and they're deep in debt I I don't know how I see what I do. I I actually really have a gift to read The stock market the u.s. Stock market and I feel very grateful for that because There is no instigator reason for it, but I can read what the money is doing I'm reading the price. I'm reading the gaps. The gaps is telling me everything It's the gaps and the money in the gaps and so that's how I'm seeing what the price is going to do And it's that's why you can use this for anything you do with your whole life Because you don't have to have an instigator for something you can analyze and over analyze and look for reasons for everything But at the end of the day, the only way you're going to make money is if you're reading the price accurately And things don't even need a reason to do it I'm seeing how people are going to react which is how I'm explaining it in layman's terms Why it is going to set up that way But it doesn't even need a reason and actually explaining people's reactions Our emotional reactions isn't even a legitimate reason really because they may not be Uh reactions that are valid. Okay. It really there's no reason to be panicked to buy something I'm not saying that these there's justification that's uh Makes sense intellectually for what's going to happen But I'm telling you that that is going to transpire because I understand money And I understand the way people think about money and it might be because I've spent my whole year Um a whole life my whole year my whole life doing things that had to do with finance Because before I did mortgages and I understood how people thought about money Because I was always looking at people's credit reports and their debt and how much could they afford to buy a house And how much money they had in the bank and how much money they wanted to put down And what their debt to income ratio is maybe maybe because I always was in finance And I dealt with so many people in my prior career talking about money constantly and now talking people Now constantly about money and I have a very good understanding about money that I really do understand how People think about money wealthy people rich people poor people All of them because I did loans for people that had didn't have a dollar to the name and the paycheck to paycheck And I did loans for people that had tons and tons of money and Just I've topped them all Any questions about anything about anyone Good discussion today good discussion today Walmart stopped doing anything wrong by taking all of its life But I did actually get out of half that was an amazing exit and I have no idea where it goes Do I think it's going to 80 dollars no now at 10 53 looking at the market today? The answer is no I do think that there's a chance that it is not crazy for Walmart to drop break the low Go through 83 and break through 83 and then I'll be all out if it goes down the low of the day It doesn't break then I'll be all out Do I think it goes down the low of the day and doesn't break no if it goes down the low of the day It's going to break it'll break down. I'll go through 83 and it'll poop down go We're somewhere around 82 something to be out. It's just not going to 80 dollars today Anna saying she's a client that managed her credit lines for those crappy mortgages Yeah How can you say? All right. Good job everyone today. I have a fabulous day I will see you tomorrow Okay Email me if you need anything have a good day Do you have any questions about the gap class email me for a fantastic day? You're up in the Walmart if you took it with me if you did what I did in it You're up in it. You're up in it here if you don't have the patience you could kill it You could just kill it right here and be up with the rest of the huh Jagger process. Thank you for today's lesson line 38 says great lessons today Melissa. Thanks again. Have a great one You're welcome. Jennifer says thanks bye And I said she's still in half a Walmart So am I there's nothing wrong with it? You could even bar by bar this and which is what I might do because it's 10 55 And I do have things to do this afternoon. I might just like bar by barring this in the five Like if this drops to 84 to be honest with you, I'm probably gonna put my stop at break even Go get ready for what I have to do this afternoon and just kind of like manage this in between like Doing my hair. All right. Have a good day everyone