 Good afternoon, everyone, and welcome. Welcome to the Stockswish Show play of the day. Actually, this ended up being a really, really great trade for me, and this was not the first thing I watched today. Not even close. And let's go over why. Why did I not watch this immediately today? Because it gapped up at first thing. So here you have this, and it's seven o'clock in the morning. And I get up early. I looked at this early. I saw that it's very early. NBAC gapped up. It was a gap up on earnings. And then all of a sudden, do, do, do, right before the open, it started gapping down. Now, this is not always the case. Usually what happens is something gaps and holds the gap, whether it gaps up or gaps down. But every once in a while, you'll have something that actually you look at, it's gapping up. And then all of a sudden, it's gapping down, or you look at, it's gapping down. And all of a sudden, it's gapping up. So you can go back and relook at stuff. I usually don't do that. But given the time of the year of fall, earnings season, and the market as it is right now in days like today, I guess doing a one look see over is a good idea, at least after 9.15. I think things, if they gap like at 9.28 or 9.29, it's just they're not, they just don't have enough volume in it to go in and play. But Bank of America did a volume in the pre-market because the fact that it was gapping, even though it was gapping up, it had volume. So I did not do the first trade in this because it wasn't watching it. But if I had watched it and done the first trade, this is what I would have done here. Now, as it turns out, this would have been aggressive. Okay. But if I liked this gap, it was my top pick. I always do the first entry here. It was. However, this was a really nice trade. And then I may never have played it again on the day. But I didn't do this trade. All right. But I saw it break. Actually, bread in the room pointed it out. And I saw it break. And then I wanted to watch it to see if there could be some kind of setup in it. If you don't know how to look to trade stocks, though, you might have jumped in this thing here. Luckily, I did not. I waited, waited, waited, waited, waited, waited, was patient, knew what I was looking for, knew what I wanted it to do. And waited for the confirmation. Why? Why did I want to wait for the confirmation? Let's go back here in the five. This is now what would have been the second entry in this. Again, I didn't do the first. I wanted to wait for the confirmation because at the time in the morning when this was rallying back, retesting the high of the day, the market was rallying. The market actually had already rallied over the high. And market was swish swashing. And the first thing the market did this morning was showing signs of bullishness. Okay. Now it didn't last. The market broke today and broke the low late late in the day in the afternoon. But in the morning, I wanted to wait for the confirmation that BAC would follow through. And so it ended up following through. Okay. And here was the two minute. If you wanted to be aggressive, you could have shorted it on the two minute at 1614. 1615 ish. I ended up taking it at 12. Reset up again in here had an ad drop and the break. This ended up making my day. This one trade made my day. Now I did an ad and I took double the size in the ad. When I do ads, I usually that's usually how I do an ad. Okay. I usually do an ad where I'm taking the trade on the confirmation that may or may not differentiate my stop or price, meaning that I might do an ad in something, which is again, usually what I do and end up worsening my price a little tiny bit, not much, but a little bit and more taking more risk. Sometimes I do an ad where I'm actually not changing my price. Price is the same. And but I'm taking more risk. It's still an ad though. Why? Because of the fact that I'm taking more position size and whether I change the stop or not, I'm taking more position size, which means more than one risk unit. We were discussing this today in the trading room about risk units and how one good trade can pretty much make your day. If you are having a bad day or a bad week, one nice solid trade can actually make your day positive or your whole week positive. Why? Because quality trades are important to have and are very, very strong and give you ads like this did. This actually had another ad. I did not, I didn't, I didn't take any more after this, after the first ad. I took an entry in an ad and it was very close to the original price. But anyways, this actually could have taken more here. I mean, if you had had 100% conviction, the market was going to break the load today, you could have taken more here. This actually had multiple ads. And I didn't do this one in here. Okay, I felt that was too far from my price and I was waiting to see exactly what the market was going to do exactly here in the afternoon. But today was the day we could have followed some things on through again into the lunchtime period or afternoon. Why? You had the market with you. You had the market with you once again today to the downside, falling and dropping late into the lunchtime period or afternoon. And if you've got something working for you, you may as well just let it right on out. But this concept of risk reward is important because if people don't understand it, then they'll be all over the place with a risk. And again, one solid trade can make your whole day. Even if the first thing or the second thing you like in the day doesn't end up working. Although I have found that many, many people when they watch something that it doesn't work, have a hard time then doing another quality trade because they get all in their head about money. The most important thing that I actually teach in the Gap class is that you have to focus on the right information. Whether trade works or not, it's never your fault. It's not the market's fault either and it's not the stock's fault. It's the same way when something does work. You have to know what to look for. If you see something that rates per the system and sets up, you take the trade. You size yourself according to the risk. And you have the targets and you play it on that. And if it works, you stick with it and you play it out to the target. And if it stops you out, then you take the one hour loss. That's why you have to size yourself correctly in the trades though. Because if you size one trade for a risk that's too great and it doesn't work, and you size another trade for your regular risk and it goes on to work and be a really nice trade like BAC ended up turning out to be today, then you won't see the results that you really could have seen if you size everything the same. It doesn't matter to me what people size things. It just has to be equal. It's a constant. It's like if I wrote a wrote a algebraic thing, it's the C is the constant, which is the risk, which is the R unit. It has to be constant and has to be the similar at least for a few months. It's not something that should be changed once a week or just at the whim. Whether the market's rallying or following either way, it shouldn't be. So BAC, I said they're out of possibility of actually going to 575, 60, or 550 on the day. As it turns out, BAC went all the way down. It basically almost went to 1540. I meant 1570, 1560, 1550, 1540. It went down to 1543. And the market helped us go really bigger. But I really thought 1570 was realistic then when I decided to do the ad. And I would have been very happy actually with that. I really would have been happy with that. But as it turns out, it just kept on going and wrote all the way down. So nice, nice, nice solid trade here in BAC. I'm just really, really happy with the day. And I got two more days of trade out the week. So we'll see what we get. And I'll be watching the market extremely close tomorrow to see what it's going to do. Look at the volume in this thing. Look at the volume in that. Aye, aye, aye, aye, aye. So yeah, so BAC, here it is. BAC, play of the day here. And it was all due to Brett popping it up on the list. And I took a look at it and saw how it broke. And really, really nice trade here in BAC. I did the right thing waiting for the perfect entry. I'm so good at entries. Did the ad, got an excellent ad. You could have even heavily traded this with more size than even more. Why? Because BAC can just load it up. You can just load it up on BAC because you can take so much volume in this. I didn't realize there was 170 million shares in this though. I just, I just saw that now. But this, this thing always says volume. Anyways, nice, nice day in here for me. And I'm really proud of myself for, you know, following this trade through basically and taking the risk that I did with the ad because it was more risk than just one R. And I'm allowed to do that for my trading plan and an ad. But if you're just looking at one trade, one stock symbol, one R, one trade, the R should be the same. If you do an ad and you allow yourself to do that, you're doing it because of the confirmation. And everybody has to know where they're at with their own risk amounts. It's something that you really have to decide when you set up your account and decide you want to trade. But you got to know a system that teaches you how to make money. So here it is, BAC, Golden Gap here of the day. Have a great day everyone. It is Wednesday. Two more trading days that week. We'll see what we get tomorrow morning. We'll see what kind of picks we get. If anyone's interested in the Golden Gap class, email me at melissa at thestockswish.com. The next class is October 25th and 26th. Have a great day everybody.