 We're going to use green for money. Okay, so Monday, Monday, how much money did you make? You didn't do any day trading, you did the one option. It was like, run 200 bucks or something. I think I was 200 or something. Okay, you reached 200 dollars. Tuesday, you exited the one option. How much did you make? 580 or 600? I think it was 600. 600? Yes. I think it was 600 dollars. Plus, you had the day trade. I forget how much you made in that. Day trade. Like 200 or something. I think it was something too. Yes, it was a little bit. Okay, so it's approximately 200. Yes. First of all, you should know this exactly. Since it was your money. Okay, so that's 800 total. These are profits. Okay, today on Wednesday, how did you get out of that? What was that? Just below 500. Okay, so let's just say, because some of these I think you made a little bit more. Let's just say 500. So this is 800 and 500, 1300 plus 200 is 1500 dollars. You're up 1500 dollars for the week and you got two more days left. If you make 500 dollars Thursday and you make 500 dollars Friday, how much money will you make at the end of the week? 2,500. So, if you make 2,500 dollars. If you make 2,500 dollars. So, let's just say you do that for the next eight weeks. That's not including your losses. We're not talking about that right now. I'm talking about right now starting this week. Now, let's just talk about the month because you're here for a month. Right. Let's talk times four weeks. I'm talking about all losses right now from the day you came and started trading with me to the time you leave. Okay. 2,500 times four. I'm not talking about anything you've done before you got off the plane. All right, at JFK or where we got off the plane. Yes, we will. LaGuardia. You got off the plane at JFK and you get on the plane at JFK when you go back to London. If you have 10,000 dollars, what are you going to think in your mind? Great. Okay. So, what's the problem then? It's not a question of not liking the money. It's playing the trade and where you are or where the chart looks or should be going in your mind. So, where you perceive an item to go to that profit potential. Okay. Now, let's just talk about that. That's a classic. I know, but don't you understand? Take six, lose how much. Yeah, I know. Or miss how much. It's not getting looser either. No. First of all, I don't remember the day I made this call. Was it here or here? Was it a Monday or Tuesday? I made the option call. Yes, it was. Okay. I could never have predicted that on Tuesday... No, it was Monday. It was Monday because I did it this week. This was Tuesday, today's Wednesday. On this day here that I made the call, do you think that I could have predicted that this would go? You got 80 cents from the strike. And I gave four weeks out, March 3rd. You're good. So, yes. Do you think that I could have predicted that I was going to do that in 24 hours? Not 24, but you are. Less than 24. But you do. Is it playing well? Yes, I do. That's why you take the trades. That's why I do it, yes. Okay, so you expect me to predict every second that this stock is breathing? Absolutely not. Well, then what's what I'm saying? That I do have failures, but... No, no, I'm saying that if I'm predicting that someone's going to go there and it does in less than 24 hours, you think I'm going to predict that it's going to go to another thing, another thing, another thing, another thing, another thing. I'm not watching this every day. I'm doing other things. Of course. If you were doing this on your own, you're going to manage the trade. And if I'm making the prediction to take the trade in this direction and it goes in the number and you're up, you've got to manage it yourself. You're lacking the money management. So, the only thing you're lacking, you're willing to take the risk of doing it. But then you're not getting out because it's the money manager. You're lacking because you're facing your own chance. Yes, but I also consider other things that would tell me what something's doing in time. Okay. So, whether or not it could go further. Of course it can go further. Of course it can. It's probably going to. We talked about this yesterday. It's going to go more than 50. It's going to go more than 50. What if it doesn't in March 5th? Yes, but we had plenty of time. We didn't have a lot of time with this, didn't we? So, you're not going to... The option's going to stand longer. That's why I consider that option. I consider that position within that option. If I said that this is going to go to 250. Now, just listen to me. I'm trying to make this so crazy that you get this. And this obviously didn't work. That failed miserably for you to understand my point. You were happy about 10,000 for about one second. I am happy. But I also consider what the chart is telling me. You're not listening to what I'm saying here. I'm going to make an example that's so crazy that this better get the point across. If I say Netflix... Please do, yes. ...is going to... If I say Netflix... I make a crazy list of calls. You do all the time. And I say Netflix is going to 300. Which, by the way, it is. Well, let's just say... I say Netflix is going to 300... Alright, let's do it here. Here, hold on. Netflix is going... I'm talking about letting that... Netflix is going to 300... Strike... Strike... Yes. By March 3rd. I make this crazy call. It costs you... Like nothing. No one's buying them. It costs you ten cents to buy ten contracts or something crazy. Because no one in the world thinks this. Yes. I... I'm a mystery. I call these things. No one knows why I know these things. You get the next morning. After I take it... After I call it... Okay? Pretend the stock had earnings. Roll it back. Which it had the previous week. You... The stock was trading... I think it was trading at one... It was like around $140. What was it? It was like around $140 or something? I think it dropped to $140, isn't it? The day that... No, the day that I called it... Anyways... It was somewhere around... It's going to... I'm just saying it's going to... It's going to hurt a little price of a month. They're going to say, How does she know this? She's crazy. They came out with a Netflix TV or live streaming. They got all these shows. They come out with news and it has earnings. It blows away the expectations. You get up the next morning. I'm making it up because now the earnings are a couple of weeks ago. You get up the next morning and Netflix is capping up to 256. And you say, Holy crap. I have a month left in that. It's going to get there. She was right. And you're up. Let's just... Let's just figure it out just for so. That wouldn't be good about that. I think I know because of the time that I have. That's not a problem because you've got a choice then, haven't you? No. We got a choice yesterday when you were $1,000. You've split the position and taken half an hour to see a wealth of money. You could have done that yesterday. You could have got out of $500. And that was remote for them anyway. Yes. It was early in the day. I didn't look at it. It was going to go further. It did. We were talking with you. It sounded like it was going to go further. It did. We went that day but the point is from $1,000. This is the just... Yes, at that moment. I can't wait to make it my place. Yes, at that moment in time I was up $1,000. That's all that matters. That's the element. I can't predict. I can't predict the time that nobody can. That's the element of chance if you're taking that chance. Yes, if only you wanted it it's $1,000. Yeah, take it. No, I just told you if you're here and we make 10 grand in the next month are you not going to be happy? You said yes. That's an hour for $500 a day. So why would you be happy to make $1,000 a day? Yes. Okay. Anyways, if this would happen you would be up some crazy amount of money. Let's just say you're up $100 grand. Like $10,000. Yes. No. Because you would have bought $10,000, say if you were 10 cents. If you're up $100,000 I don't think you would get out of that trade. I'm using your logic right now. I have so much time left. Look how great it's doing. Yeah, you would have bought the chart. It looks amazing. You would have bought the position if you were up on the chart. But you're not doing that. But it's not $100,000 is it? You're never going to get to the point where you're up $100,000 if you don't get out for about $500 because you're going to keep losing. You're like, whatever I've got as long as I keep my account at this point, as long as it holds this point. No. Okay. Yes. You're never going to get to the point where you're going to make that kind of money by taking more size or risking more to get the trade to get out on your own without risking chance and just taking the trades with low profitability. I taught you an assistant if you don't start but keep promise because we're not going to keep doing it. That's what I'm trying to say to you. Yes. Providing and covering myself and not consistently losing. And yes. You're denied. You're just not getting out. Yes. I know. I thought that would just with him in a swoosh look like he was going further. That's why I held off taking it out. You're not here in the next month to take any chances. You're feared to learn something. And your biggest problem is not that you get out too soon and you get out too late. If you were a different person which somebody else might come because of that coming after you in the first week of March he may have a different problem. Of course. This is your problem. Your problem is that you're not getting out when you're up. You have no problem holding me. If you would have felt that today fine. Get yourself into a pattern of behavior where you are booking profits and then like I said to the room then you can give yourself a little, a little, you know, rope. Okay. But you're not doing that yet. So do you know what I'm saying? Yes. In the moment that you're doing that and you're trading live and you're saying like, you know like the bada. You know, I regret not getting out of that that day. I gave myself the rope because I knew that back out was so good. Yes. But, but then I didn't give myself a long enough rope to hold it for the next week, which, which I wish I would have had that money then. I wish I would have done it. But, but, but looking back when I see what I do. I agree. I agree. I should have done the same. Right. But I'm saying looking back it's just the same thing with Netflix. Okay. When I was up that first trade in the first day was up $8,300. I didn't get out. Pulled all the way back. I was down for like four weeks. I did the trade rally back. It was a period of like four weeks. I couldn't wait to get out of it. I was just couldn't wait till the day I could get out of that trade. Yes. So when it went up and rallied up to the previous high of that day I could get out of it. So I didn't pull this up. But I had no more juice left of me then to hold it in the next week. Yes. I had no more juice left of me because I had been so stressed out for that month period. Okay. So I'm saying to you it's not worth it to do that unless you're going to take you're going to play that element of chance every time. Which the whole point I'm saying is no one could have predicted. I could have never predicted that the day after Labor Day that Babba would have got up. It was some kind of news related thing on the stock. I could have never predicted that would happen. So I did the right thing getting out the Friday before. But I really should have gotten out the day that I was up the $8,300. Do you know what I'm saying? Yes. I actually did the same thing at the same time. Yes. I bought it again on the pullback because I ended up coming out slightly less than that on a particular day anyway. Which day? Oh, did you last day? Which was that big thing that I was talking about because that's where I was up 10. Oh. Oh, you didn't I thought you added more. I did. But it dropped back. But how did you have been It's a time diminishing the diminishing price. I forgot how to do the enter. This is not auto. No. Not at all. Shit. I'm gonna switch over there. Anyways, the point I'm trying to make here on this video here the point I'm trying to make is that you are risking the point I'm trying to make is that you're taking that you're putting this is actually something that I can't believe before years I've talked to people I've never it's I've never made this conclusion in it and this is really really going to help people and help me teach people. You know when I talk to you over the class and they want to hit the class and they want to trade and they want to do stuff and even when I'm talking to myself and I'm talking to other people on the phone when I'm talking to my friends or whoever. Do you think chances are big? Is it more high probability rather than same chance? Chance to me is very niffing. But that's what I'm saying. High probability to me gives it much more credibility. The chance is not the system, the chance is what you're doing and the element of chance is time and that does play a factor in the market and that is why people struggle with it. So first of all many people don't have a good system but I taught you that and obviously I mean I can see things in lifetime that no one can say but even I know there's an element of chance. So when the element of chance is the risk that cannot be predicted and and you can't rely on that then. If you can't rely on that then you can't trade like that every day. Now this is working too, look at that. Yes, I looked it up, yes. What was that deer? Oh, carrot. There it is, yep. So here's this, this is the system, the system is like it up in the morning I rate the gap, I rate the gap, I realize this is a great gap. Yes. I call the option call for everybody to go along. That day we take you on a red bar which was crazy and it worked and that's why everybody made so much money. 95% of the people that did the trade got out here. A couple people got out the next day and went poof but they still made good money because it did run up a little bit that day. A couple of people, you and me and a few others suffered through all of this. Yes. I added more to the trade it ran up. Absolutely, I got out here. Yes. And then I did this because the moon on that gap update was so massive my profits would have quite tripled or something ridiculous and I was upset but that was even silly for me to be upset because I should have got out here. I agree, we were about to get out of there, went for the pullback, then took it again. But you wouldn't have known this would happen here when at this moment, at this moment and the moment that you're just deciding to get out of the trade you don't know this is going to happen. No. This is predictable, this is not predictable. Until it happens, this is predictable. You're taking chance and I was taking chance by following that through. I was very stressed out this period here. Not because of the amount of money I risked in the trade because I did something so crazy. Like letting any $300 drift away, that's, you know, it's a great, it's a lot of money even to me. So the point is that this is predictable if you do not get out. There's an element of chance that it may never go back to that number in the time they are in the option or the time they are in the date trade before at 4 o'clock. So chance is something that you can't trade based off and that's what you're doing too much. Your money managing based on trade chance. You're taking, you're saying, well I, because the system works so well I can predict the gap and I see the chart and it looks good, therefore it's going to go to the number. Okay. But the element of chance is that you don't know the time that it's going to go to the number. It may not get there in the time of the day before you have the other day trade or the time of the option. And so then the deflates through the option and pulls back. You're either out with a loss or break even or out with less. And just like yesterday you booked that 600 bucks for it, you're upset because you didn't book a thousand and then you're even more upset when you saw that it ran out and you could have doubled your money. Now let's go back to this here because I'm going to go back to this because this would never happen in a million years but I want to make my point. If you had done Mr. Perfect, which would be Mr. Impossible, Monday, Monday you would have held Apple. Yes. You would have gotten out in the morning when we saw you're up 830 bucks. You were Mr. Perfect. You absolutely knew that was behind the day and you booked the 830. Tuesday. You're Mr. Perfect. You booked $200 in the morning. I think that was all that that big trade you even gave really. That was a great exit. Then so let's just say Netflix. It doubled. So you had it at 180. I think it was three. I think it doubled. I think it almost doubled. Yeah. So how much did you risk in that? 2002. Okay. So say you got perfect exit. Highly get up. Okay. This is Mr. Perfect. You're Mr. Perfect here. Wednesday. Mr. Perfect. God, Mr. Perfect. That stopped. Did it drop two dollars and three dollars from where I called it. 62 something in it. I think it dropped three dollars. So let's just say Mr. Perfect, you got the whole three dollar move. And you made $1,500. Okay. So how much would you have made here? Let's figure it out exactly. If you were Mr. Perfect. Is there any trades I'm forgetting here? Any options or anything else you did with me? I don't think so. I think that's it. Yes. Mr. Perfect would have made $4,700. That is a good amount of money for three days of trading. It's excellent. Okay. So instead you made $1,500. Here, let's get rid of this. So instead you made $1,500. Is that what bothers you so much? It couldn't have. It couldn't have because in your mind you did not tally that up. Sometimes I think so cycle like that. I've done that but you didn't do that because you didn't even know. So what did I just say? $4,750? Yes. $4,750 you could have made. This is Mr. Perfect. This is reality. You made $1,500. Yeah, that's killing positions. Just follow me here. Mr. Perfect, reality, what could have happened based on chance not knowing? I think there's a little gap. Right. Which is that. It's a real trend. Right. If they had all times. So you risked $500. Let's just, you had risked $500 today and $500 on the day trade. So it was $1,500 plus, what did you risk today? Oh, we did that. What did you risk in the Netflix? What did you risk in the Apple? Oh, $2,200. $2,200. Yeah, $2,200. Yeah. Plus $1,500. Plus Apple $2,200. No, you're $2,300. We added that $2,340, $6,000. I'm going to try another way to make my point. Since Netflix went to $300 or $256 and made the point, Mr. Perfect, reality, what could have happened? Oh, by the way, this is a loss. Yes. You can't live in this world here. This is the world that you're living in, by the way. Not that bad, but it's pretty darn close because you're not living here and no one is Mr. Perfect. This is where you need to live. And as you live in this world, you're going to start, this number is going to, it's going to get better. It's going to get better. And then, but you can only say, don't you understand, you're never going to get out of this. You're on a hamster wheel, you're never going to get out of this roulette wheel. You're never going to get out of that because even if you had, even if you had a million dollars and sent this to you yesterday, you would say I could have made $10 million. You wouldn't be able to make $10 million. You're saying I could have made $4 million. I don't give a crap about that, $1.5 million, but you could have lost $6 million. No, because if you'd get into that position, you would manage yourself there, wouldn't you? You would cut half an hour. You're never going to get to that position if you don't start thinking like this. That's what I'm trying to tell you. I understand what you're saying. Yes, I do understand. Yes, okay. This is a really good point that I'm making clear. Oh, it is. Yes, I agree. It is. Some people fall into money dumb ass luck or a board into wealth. They still mismanage it. They give it all away. They spend it. They blow through it. You see that all the time you hear it. They hire bad accountants, attorneys, people steal from them just because even if you have all the money in the world, it doesn't mean that you would make the right decisions. So what life is trying to teach you here, I think, is that you've got to start making better decisions. And if you do make better decisions, then you're going to get where you want to go with the numbers before the comma. And you will never get there if you don't get, start living here. Right. It's interesting because the most people that I talk to that have this issue are not risking the amount of money you're risking, have $2,500 accounts. And their mentality is, oh my god, I could just make $500 a day or whatever. It's interesting that you have the money that you have and are risking the money that you have that you have this situation. Because it's usually people that don't have that much money at all that feel poor. And I'm not saying they're poor, but they're poorer than you that have that problem with not having the comma there. I'm trying to figure, I know this is a lot, this is great. But there have been days last year, 2016, where I made some of their days, I made this and it trained over four grand. Yes. And when I started doing that a couple of times, I was like, holy crap. And then I was making some mistakes because I was holding things too long. And what I realized reviewing my whole mentality and the things I was doing is, what we've been doing is much, much better. Yes. Boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom. And not having the stress of the possibility that this may not go there. And then being up my goal for the day and then getting out with 600 bucks. And then saying, why do I do that? That's crazy. Do you know what I mean? I'm watching the train again, I see the reversal time, I see the bullish market. Does that mean I'll never have a train like this again? No. Does that mean you'll never make, you'll have a week like this just because this could fall in the sky, like PBI. You could have had, I mean you could have had it, we could have gotten it, we could have just fallen out of the sky and dropped five dollars, like look at the split. I'm not saying this is never going to happen, but I'm saying this is, this is the element of a chance that you're risking that makes no sense. You're saying I would almost rather lose 6,000 so that I can try to make the 4750, I don't care about this, even though this is reality. And that's what you're saying. You're saying well as long as I have money in the counter, this is 6,000, I'm fine with it, I'll lose it. I'll lose it if I have to, because I really can't, I can't plan if I don't make this. But that's just silly, that's what I'm trying to tell you. Thanks. But this is not that money and that's what I'm trying to tell you too. It is, it's good point. You don't think it, you don't believe you're sitting here. I just, I don't know what to say to you, I didn't have much time. I relate it back to what I said before, what I'm risking and think well if I have a loss, it has to then cover that loss. What I make has to cover that loss. Get out of that. You made money the last three days. Stop talking about stuff that happened in the last two weeks. I'm trying, I don't even want to go back and look at your feed out, but there have been day after day after day after day after day after day after day of calling, boring trades. I don't know how you could be down. It just doesn't make any sense. You're telling me you're fine or what are you going to do, but I know you're not or you would be happy with the last two weeks of trading. Yes, there has been variances on this because I've been swapping computers to this laptop. But what you did today wasn't that. And yes, I have problems with the platform. So yes, there are several days that I've missed which obviously reflects against your profit potential, your continuity with the trades. Right, but there's, there's going to be times when it happens, but it shouldn't be every day for two weeks that there's an issue or problem. No, no. So you got to get in a groove or things are just here in a groove and you're doing it. I guess is what I'm saying. Everybody has hiccups and things that fly from the internet, the whatever. But what I'm saying is, okay, okay, this is, you know, I was trying to see this to the room the other day. If you have $10,000 in every option trade and you made only the terrible amount, this is like, this is like why even, why do they get out of bed to make $3,000? You know, would you get out of bed to make $3,000? Yes. Yeah, I think we would. I think we could. But, but you're saying I'm not getting out of bed. If I don't, if I only make 30%, if I was 10,000, I only make 30%, I'm not getting out of bed for that. I'm not getting out of that trade. I'll let that whole thing go bustle. So instead of making three, it's $3,000. So how are you going to get to the point where you can risk $10,000? Because you actually did risk $6,000. Oh, here, this is one of the, this is proving my point. You actually risked in those trades. You had Google, Amazon, let's add it up. Here, let's add them a lot. You had Google. I had six. You had Amazon. I had six. I'm struggling. You had Vapa. Yes. You had six for Amazon. All of them. There was, there was Vapa. Yes. So you did do it. So you did risk $6,000. So if you would make 30%, it'd be $2,000. Would you not have been happy making $2,000? Which would mean, basically, a little bit here, a little bit here, a little bit here. Now, it didn't all work, but this is the point. I know what I'm saying. The total amount of dollars that you made, if you had risked six in one or on the line. I did risk six in one. I risked two in age. But how many, how many of those failed or how many didn't build the problem? This is why we talked about your idea that 50% of the losses are all the ones. Yes. Yes. And when you're up in the other ones, you're going to get out. Right. You're still going to be ahead. I will, yes. You're letting the bad ones go bust. And then you, then you need the other ones to go to some big trade. Yes, you're right. Yes. But you're meeting your expectations. If you're on target to make $2,500 a week, I don't, I don't know what's wrong with that. You can place an option trade and you risk $2,000. You expect to at least make a $2,000. Who said that? Where is that written? Did I write that in the class? Did we talk about that? Where is that? Is it, I don't, I, where is that? I have no idea. We got that. Did you read that online? Did somebody else tell you that because they didn't get that for me? No, no, no. Okay. So where are you getting that? I expect because I will place them in the trade and the next trade could fail. So I need to recoup what I'm putting out on the table. No, you didn't answer my question. Why, where did you get that thing in your head that says that? I remember you discussing risk-to-reward ratios. Yes. Earlier on. And that was a case of if you're doing a day trade, you want to be making three times and then take a loss. Yes. So you can absorb it easily. Yes, but many of these do. Many of these do go on, but I'm no longer taking the I'm going to chance to hold them because it's too stressful. You are taking them out quickly. Yes, definitely. Yes, I can see that. And I'm seeing the longer that I trade and the more experience I get that, first of all, we live in a volatile time to market. It's very volatile. Look at things that happen with the election. There's things that happen that are unpredictable. So if you want to be in it for the long haul and to be more consistent, then you don't take the chance of some of those things. It sounds great and it does work very often. And in the last two weeks, some of these things fell all day that I get out of them in like five minutes. But I never got upset with myself. I never looked back and said, I could have made this, I could have made that. I did that with the Babba. But I never, that was like the last time I looked at anything and said, Oh, I should have held it. It's been like the last time I felt like that. I mean, honestly, I didn't get out of Apple when it popped up. That was in October. But surely you look at what you way things have played out so that you can assess the situation for next time. But that's what I'm saying. It's the element of risk that you're taking where you're not following the system and just getting out when you're up. You're assessing every situation and saying, well, this chart looks good. Therefore, I'm going to hold it. This chart looks good. Therefore, I'm going to hold it. Every chart looks good or you wouldn't be holding them. I told you when you came, when you looked at Amazon and Google, I said, kill these things and throw the rest of the money into Apple. Yes, you did. We did. Yeah. But, you know, would I have said that on Friday? I don't know. I don't remember I looked at these on Friday. What was the word? No, I would have. I would have because of Amazon here. Because the debt changed. No, because of the stock happening down in the earnings. Thursday. No, it was Friday morning. It was the earnings day. Okay, before I switch it, obviously now you probably would be up in this and you kill it. Oh, yes. Oh, definitely. Yeah. But that was the right thing for you to do because you had too much on and then you're in your head about it. You know, I think that the most important thing for you to do is to still kill it at 50% loss. So this is working, but you could have retaken it. You could have retaken it today. So if you would kill this at the 50% loss, you could have bought it back today. Because of the gap you made. Because of what it is today. Yes. Right. And it holding. Holding the whole area here. So I'm saying you're never going to lose that. You're never going to, if it's really going to go on work, you'll always be able to get back in. Yes, but if you mean why, why kill it? Because you could say, right, okay, what it makes that level. They're not going to kill it. Because the element that you don't know. I'm losing more, I know, I realize. But that is obviously a crucial level because one, it's holding the gap. And you have so many there making a base. Yeah. So there's a good chance that it will hold. No, I'm just, here's another, this is giving you ideas. Yeah. You could have killed it with a half. You risked your brand. You could have killed it, lost a thousand bucks. Today you could have bought it back and spent a thousand. Yes, yes. Anyone who made the thousand back again or maybe more. You don't know this looks good. But anyways, the point is, if you can't handle the stress of riding this out, then then you kill half. Now, if it wasn't down half, you could have played it out. But it was. But I can't handle the stress involved in holding it. It's not a question of handling the stress. It's a question of... No, the stress is that you're losing in too many trains. The stress is that you're losing in too many trains. And then the stress is, it's not the same as a normal person's stress. The stress is you're losing in too many trains and then the stress is on you that when the train is working, the stress is on you that you've got to hold it. You've got to hold it. You've got to hold it. You've got to give it a big one. The stress is on you then to hold it. So it's like reverse stress. But it's not big. It's like a reversal. Yeah, but I know, I'm not going to say big, but I know when I place it, I consider that to be the risk I'm taking for that train at that time. I understand that you're able to take the risk. We talked about this all day yesterday. I get it, but you're not... You wouldn't be more than 800. You wouldn't be. Yes. Where did that go? But you know why I couldn't hold it. Because you said, right, if it runs up to two o'clock, it doesn't go higher at two o'clock and take it, it pulls back. You can't make every decision. You have to make up your mind. Yes, well, I would have held it. I would have continued with that position if I had not discussed it with you. At that level, I'm 130. When you were discussing it with me, then you should have got out with 800 bucks. That's what I'm saying. Or hold it. Above. You told me you were going to. You told me you were going to hold it. I did. You told me you were going to hold it. And I said, I think it goes negative and then you're out. I did. You said, yes, I'm going to hold it. I'm going to hold it in tomorrow. I did. And then you change your mind. I did. But you picked my conscience, so to speak. I know, but it's just... Because if you don't want to make a loss, take it. If you don't say... But I guess what you have with that 25... Oh yeah, 25 contracts, yes. It would have at least achieved something. Yes, that would have done very well. So you actually would have made almost seven grand if you were Mr. Perfect. But you weren't. Okay. But that's the whole point. No one is Mr. Perfect. Okay. Yes, you actually, I forgot. I forgot that Apple had that pop the next day. You didn't even remember that. You didn't tell me. The point is there's plenty of opportunity for you to make money. It's all over the place. And I'm giving you the trades. I'm giving you the calls. So why do you have to squeeze every single solitary penny and thing out of it? You're squeezing. You're trying to squeeze every thing out of something that can go and you're not getting it. And as a result then they're going bust because you're trying to squeeze every last time. And Apple, Apple, you got out of it because then you got scared. You got scared because it was going to open in the morning and you were going to be down. And you saw it deflate and you were out 200 bucks. And the chart looked great. No, I wasn't. There's no afraid. Afraid doesn't want me to do it. Because I took the position and I took the risk. I accepted the risk. When I take a position I accept the risk of the cost with the cost amount. Oh my God, I know that you sit up 55 times. I'm not disagreeing with you. So it wasn't a case of being afraid there. It was a case of we, when I talked to you, I didn't want to make a loss on that day. You weren't down. You weren't down. If it didn't go above that level at that certain time, then I was going to take it. So I took it. But just listen to me for a minute. One minute you're saying I'm looking at the chart, what was that? I'm making decisions to stay in a base of the chart. The chart of Apple on the close of Monday told you you should have stayed in a position and you shouldn't have got out of anything. You did. So then you didn't base your chart. But our conversation, our conversation, excuse me, until later in the day, that stuck with me. So then when it sits around 113, I had thought, oh right, we're coming back now because it made the hire earlier. It didn't. It just plateaued. But obviously the more you sit and watch it, the more you realize it. It didn't, it went up there. But this looked great to contain. And you do know how it recharts. Yes, it went to, it did. It got to over the following day and it did close reasonably well. The whole point I'm trying to make with this is that you keep changing your mind, number one. It's not about whether or not you're willing to take the risk. You are. Taking the risk doesn't mean you're going to let the trades go bust when they're not up enough money for what you think is enough. If it's not what you think is enough, Apple doesn't care what you think. Whether it's going to keep going or it's going to stop or it's going to haul or it's going to completely lose, which you would know. If you get out of the half loss you have trying to do it or close enough. This will be care what you think. You'll have to decide that you're making decisions for to take the trades and the risk based on the money that you have and the system I taught you. You're allowing this to be an element of chance and it's something that absolutely no one can predict, which is the timing of when some of these things will go to start numbers. I'm very good often at seeing things in live time when a day trade is moving in a gap. But sometimes they go bigger than I think. And sometimes they don't go as far as I think as well, but we're still up. So no matter what and no matter how good you are, there's an element of chance for me when I make the calls. There's an element of chance that is involved in the market when you decide to trade to trade. And so what I'm saying is if you know there's an element of chance involved that if you want to make money instead of losing, knowing that there's an element of chance still following the system, you're not going to take any more chances. I don't know if this is what I'm trying to say. I think that you would make more money if you got out every time you're up. I don't think it matters because you're not going to be Mr. Perfect. Some days you will get out of Apple at 800. Some days you'll get out with 200. Some days you'll ride into the next day and make two grand, but you don't want to not get out at all when you're up. And in the case of Netflix, it was the same thing. You would have made more. But would you have felt bad if you'd gotten out in the morning with 1,000 bucks and then in the afternoon you would have made three? Would you have felt bad about that? Because I'm moving out. You know? Absolutely fantastic, Jordan. Well then why did you- I'm ideal. I'm ideal. I know, but why did you feel bad now when you look 600 and then you were upset that it went? I still don't think it was wrong that you got out with 600 bucks. I think you should have got out when you're at 1,000 because you saw it. I was talking. But I'm saying- I'm saying what's wrong with the money that you're up? Whatever it is. I guess this is what I'm saying. You're never going to get to the point where you're risking more to make more if you don't start looking money. Whatever it is that you're up. Yes, yes. Your expectations are too high. But the funny thing is you're going to- If anything hasn't made any sense at all and you start doing it, you're going to make money. The dollar's the sense. Yes. I still think making 500 bucks a day is great. If you're losing and they start making 500 bucks a day, that's great. Whether it's 0.25 a good hour or one hour or whatever, it's good. You know what I'm saying? Some of the days will make 250 bucks. Some of the days you will make 500. If we have a little bit more, if you weren't here with me, if it wasn't the third day, maybe it was two weeks into it, I would have let you hang on to that a little bit. Right now, the most important thing is you're going to bring every day. Maybe you want to make $1,000, you probably would have been that today. So you have to start getting into this habit of looking money, and that's all that's concerning for me right now for you to be here. But I'm saying it will even out that some of the days you'll make a little bit more, some of the days you'll make a little bit less, but it all evens out. And then even if you still have one loss here or there, so then you make $9,000 that month if you have two losses. You make $8,500 if you have three, or eight, if you have four. Yeah, I mean, and then you're still doing the options. But to have six grand on the line. Yes, that is unusual. I don't normally have that amount out. Definitely not, I make no waves. Yeah, and here's another thing. Again, you need to get out when you're 50% down. But if for some reason you don't, you have six grand on the line, two are almost plus and you're down four. And then you have one that's working, and you're up $1,000 or $1,500. Take it to even out some of those 4,000 losses. You want to chump that out. But you're in your mind, you're thinking now I got to really have a big one. You know what I'm saying? I don't really have any. So then it runs up, you're up a certain amount, and then it deflates again, like this is probably just what you need today. Same thing with Netflix, which I'm surprised that way because I told you that well. But that was only really because of the time. Now that I'm thinking about it because it was a month, it's still like the three and a half weeks out Netflix. That's why it looks still so good and now it shouldn't change. Yes. Because it really looks like it's going to get over $145 now. But that's the benefit, isn't it? Higher price with longer time. It is, but it's just a matter in the end. So time doesn't matter. And so time doesn't matter. And so time doesn't matter in the end as long as you're making the money. I don't know. I just want to go over it in the day. But this is the main thing I wanted to try to get across from you today. And I didn't even know we were going to talk about the chance thing. But there's an element of chance involved in the market. This is why some people don't like the stock market. Normal, everyday people that aren't traders understand this, they have money in 401Ks where they have a stock broker or they have a mutual fund and that person is making decisions and they don't know boot from boot on a chart. They feel like it's risky. They feel like it's an element of chance. They feel like it's gambling. They don't understand. You understand that there actually is a method to what we do. So based on that, take it and run with it. But don't forget the fact that there is an element of chance. You don't want to lose more than you win when you're making such good decisions to take the entries and the right pick if they don't go where you want. Because the element of chance is you don't know the timing. You don't know if it's going to go where you want in the timing. You know you're going to make money most of the time but you don't know if it's going to be a half hour or one hour or three hours. But depending on what you do, you can have a certain idea of where something could go to. I do. I taught it all the time. May go to in particular the time. I told you. I said this is going to go to 1.30 between now and February 10th. It went there that day. Yes. How would I have ever in my wallet a stream to know that? So nothing predicted. Yes. 50-50 that I would have known it would work. I said Netflix is going to be 1.45. Did it get there? No. Got it in 80 cents. So it will go over 1.45 between now and one month. But what if you're down in it or you have been for two weeks until it goes? I don't want to live with that stress. No, it's not good. I understand. It's not going to be a decision. Yes, definitely not. It's really just about, it's just about, and this is another example of it, it's just this thing here with you about the money is, it is about, in your mind you're thinking this amount of money and that is such a problem for you. You really, if it was, if you were making $20,000 a day or something, you're telling me it, I don't know. I want to believe you, but then I think then you would have another number that would be crazy. So I don't know. But you know. But I'm telling you, you're never going to get to that point until you've learned to do this right. So good lesson today. And you made money. I did. Don't go back to Netflix today. You put money yesterday. No, I told you. But you see, you said to me as I was going out the door, you're going to go back in it? Are you going to go back in it? I said no, no I won't. So if I say I've got to do something, then I'll do it. Okay. And I'll speak by what I say. Yeah. But yes, it was incredibly tempting when you looked at the chart and there's more, you know, more time progressed. She knew there's something else. See, there was the element of chance. I said to you, I bet that this is going to come down. Go under the price that you bought it. You did? You could put it no order out. I said, you could put it no order? I know. But how do I, I saw that in the live moment, in the live moment I saw it, but I didn't know for sure. I didn't know for sure. No, no. But I said that. Hope you're having enough intuition. Yes, I have intuition. But even I, I'm wrong sometimes. Well yes, you are. That was a little bit same. But you are there. Yeah. But it's because I'm in touch with what I'm seeing in live. Yes. But at 8.30 a.m. I might not have, I might not have. But then as I'm seeing it, I'm like, oh, it's going to go there. And then it does. Yes. This is the pattern progressives, isn't it? You see what's happening, the way things have progressed in the chart today. Yeah, it's more than just the pattern. I mean, you've seen, you've seen the gap. Yeah, you've seen the gap. You've seen it. You've seen it. And how it's holding it. Yes. Yeah. You see the way it's acting. You see whether it's either being bought or when it's selling off. Yeah, definitely. Yeah. You're going to do good when you're here. I just want you to go back and keep doing good. And I, I, I don't know if you will. Because this is really a deep-seated issue for you that I, you know, that you've got to get a handle on. It is deep. It's all, it's my main problem, which is body management. But I just gave you a solution every time you wrap it up. You have. You're overthinking it. Yes. Forget about the fact your expectations are too high. That you're not going to solve in a month. My expectations are too high. But you know what? I always end up exceeding the expectations that other people have for me or normal people, even if I don't meet my own, but then eventually I do. But you want your expectations to be high. Right. Because you want the goal to go for. But you don't want to be miserable. You don't want to be miserable. No, no, no. You don't, absolutely correct. You don't. But at the same time, you'll have to have something to drive, to keep yourself going. And know where you want to go with something. For what you want. You have one goal. It's to make money. Absolutely. That's the goal. If you don't start doing that, you're never going to get to the point where you're making 10 grand a day or a six grand in a trade over and over and over and over again. If you had $200,000 in an active account, which you could do options and day trades, or split it up 100 and 100 or something or whatever, or 50 in a day trade and 150 in an options account, you can do all kinds of things. You could have three positions on risk in 10 grand a piece. You could do all kinds of things. And you could be making lots and lots of money. You could make 40, 50 grand a month then. But how are you going to get from point A to point B? You're correct. Yes. You know what I'm saying? It's going to be a difficult route. Yeah, yeah. I mean, here's another trade that then we're really going to go for the day. But then I look back at that Google and the Amazon from the beginning of 2016. Oh, Google. Yeah. I can relate to what you're going through. But I'm also very self-aware. I was up like $32,000 and those two life positions every day I get up. And I kept thinking it's going to keep going. It's going to keep going. It's going to keep going. It's going to keep going. It's going to be worth a million dollars. And it's all going to go. They're all going to go in the areas. And they're all going to go. That was $32,000. I did get out of some of each of them beforehand. But then half of one of the other one gets later. Then the next day Google wasn't worth this much. Google collapsed. Yeah. But the point was when I look back and say my expectations, my expectation was that I was going to make $100,000. I had made $32,000, which is 30% of what I was thinking that I would make, which was a crazy number anyway, should be the amount of money that I had on the risk. Yes. I think the trouble I had in both of the positions. You're looking for the right way. You said if it goes, then you know. Yeah. And it could have. It might have. It could have. It might have. Right. But there's an element of chance. Of course there is an element there. Yeah. But you didn't expect, I didn't expect it to deflate when the stock gapped in the position that it did. But it didn't have a market for it. On the day the auction price would not reflect what the stock was doing. But it didn't matter. It stopped in around the day because it didn't have the market with it. No, it didn't. But the market was a bit more. Yes. Yes. But I'm telling you that, again, going back to high expectations. So I've had a too high of expectations. And that was ridiculous because $32,000 was a lot of money. And if my goal was 100 and I'm not 32, why wish 32 to make 100? That is, that's gambling. So I kind of gambled in that. And looking back, that was crazy because it was real life money. It was there for a couple of days. It wasn't just like, it was like when Demi, it was real and there. Those were over 10 grand for like a good week. Yes. Do you know what I mean? Like whether I got out with 25, or 26, or 27, or 32, who the heck chairs? Yes. It was, I was gambling then to hold those positions into the earnings. And I'll never do that again. I'll never be at the kind of money again, ever, ever, ever, ever, and let that happen. I agree. I'd be in the same position. But you're still kind of doing that with less money and less moves. I wouldn't compare it to today. I mean, you're talking 32,000 as opposed to 2,000. No, you're- Hey, are you really? No, you're still thinking that you're going to make 10, 12 grand in all these, because you're risking three, and you're making nine, and you're risking four, and you're making 10. No, absolutely not. No, no. If I was risking two, it moves to four, I'd be happy. That's quite, quite okay. But you're not happy if you make two? Yes, I'm happy if I make two. You're happy if you make a thousand? You weren't happy the other day when you made 800? Then when will you be happy? I guess is what I'm saying. I'll be happy if you make me two thousand. That would be nice, but obviously you don't know that. You have to put yourself in that position, so you can't really say that, but yes. Think about what I'm saying here. I do. I know you do, but you've got to be something about it. I'm just assessing the best way to know about making it work. Stop what we're thinking and just get out of here. It doesn't matter if it's 600, 800, 1,000, 2,000, 3,000, You see, I wasn't the problem. I don't want to get out of something too soon. Why? What's going to happen? I don't want to get out of too soon. Why? What's going to happen? Because the next trade I take And what? We'll lose so that we're losing more. Okay, now we're getting somewhere. Now we're getting somewhere. So you're not getting out of these because you're afraid if you get out too soon, if you don't get out too soon and the next trade is going to fail, yes, you weren't telling me you think the next trade is going to take as a loser, but you sat over there and said every trade I take I think is a winner. That's again somewhere. Now listen to what I'm saying. I do. That's why you didn't tell me the next trade is going to be a loser. No, I didn't. I didn't tell you the loser. You let it go to a loser. You let me up without a loss. Well, I'll put it on. When I placed the trades, I stacked them up. If I didn't want to accept what I was going to lose. Oh my God, stop saying about the accepting of your business. This isn't about that or about the fact that you could afford it. You and your mind, just listen to me. You and your mind, your mind is thinking I think this might be a loser. It's not. I'm trying to beat it. I'm trying to beat the fact that the next one could be a loser. So if I take one, two, three... The next 25 trades you take could be losers. Guess what? They could be. But are they going to be? No. What's the worst thing that can happen to you? You get out of the trade with money. The next one you take is a loser. Are you going to die? No. You just heard the girl in the room today. She lost in that one trade last week, which by the way, we took twice. So she was in a panic, panic mode. So she lost, I don't know, probably. Let's say she lost 400 bucks, so I don't know what she's risking. Yes. Which isn't a lot of money. But to her, she was scared. So then she didn't trade the rest of the week and every day was a winner. Now she's back in the groove. She's gotten over it. But I won't do that. Because I've been doing this so long that I realized that you have to play the complete time period. Because if you do one, the next one will be a winner to make back what you just lost on that. You're going here again. You're going back, making back. There's no making back. Monday was the first day of your life. You're not, you get out of that making back. You're still trying to make back what we killed in Google and Amazon on Monday from last week. It doesn't matter that you have to get out of the high in those. Maybe you would have held some of those a little bit longer or maybe you would have gotten your $1,000. If in your mind you had lost in Google, I don't know what's going on in your mind. I'm trying to figure it out. Oh, really, it's back to time. It's the time we've had enough time in Google and I want to stay with it. But obviously if it ends at the end of this week, then you think it's going to diminish faster than it will actually move in the market at a stop-up move. Okay, all of these things are chance. Well, yes, but you have to relate it, don't you, to the time that you have available You're overthinking it. before it actually expires. No, you're overthinking it. You're down half of the trade to get out. Netflix, fantastic. Yeah. Through the roof. Plenty of time, no problem, process holding. Right, right. Great. Yeah. If it was ending this week, you would be out ASAP, wouldn't you? What you said was very, very important about the thing with the losers. I do believe that is what's going on in your mind. It's going on in your mind with the day trade. I definitely know that. I definitely know that. You're going to get more consistent with the day trading here. You've got to find a way to be more consistent with the options, but I don't know how I'm going to get a call while you're here. But the day trade, I'm going to force you to get out of these trades. So you stop worrying about the next one that could be a loser. You see, if I was on my own, trading is the day trades. In my own little world. Right. And as soon as that move moved, I would be out if I was on my own, not listening to you. Okay. But when I say listen to you, then I follow what you say. Right. To the team now. I didn't used to. I used to take all the Kamikaze trades. Yeah. Ads. And that's when you get that variance in whether something will win or not. Or you'll be consistent. Well, you're going to, you're going to be consistent this week. All right. Yes, yes, yes. Definitely. Yeah. What did you get out of today before you go? What did, what do you mean? What did you get out of this here today? Besides the 500 bucks you made, what are you, what are you taking away here back home? You're not in anything, you're not in any action, you're not going to do anything else this afternoon. Well, I'll take my part what you said to me. You explained to me. Huh. To what it's still in me. Yes. That you're never going to, you're never going to make the money that you want to. If you don't start making money right now. Yes, I can see that. Yeah. That stands out. It's me. Yeah. Definitely. Yes. Because you're, because you're, because you're right here, which is either, you're either going to move forward. Yes. Are you going to work back and start losing a farm? Or are you going to stay where you're at, but you're not really moving forward? Start consistently getting out when you're up. And I think you'll find then that the losses will be less. If you get out when you're down half in the options and don't do more than one or limit of the day, one or two traits in the day traits, whatever, which I think you're doing for the most part this year. The day traits. Yeah, yeah, yeah. And don't take more than one. Right. But let's go. Generally, unless we do it twice. Which I don't do it all the time. Yeah. But we did one the other week, which was twice. Yeah. And maybe I'll never do it again. Because the first was a loss, but the second was a profit. Yes. But at any level, in fact, it was up on the day. You mean CL? Yes, of course. They took it over. Yes. Right. So I'm back and forth with that. Yes. I'm back and forth with that in my mind. You know. But the point is, though, that I think that you just, you know, you're never going to get to the point that you want to get if you don't start with your money. And I think that you don't, you're like trying to, you're like trying to say, you're like, you want to be like where you want to be in 12 months. But it's not 12 months yet. And if you would have rewind back two years, if you would have not thought about wishing you were out where you were out right now, you would have already been there, been there for like the last two years. I don't know if you understand what I'm trying to say. Yes, I do. It's like, if you go back when you first started trading and you say, if I had taken my time and been normal, okay, the normal person, not try to be Mr. Perfect, which no one is, and risked the farm, I would be where I would be where I want to be by now. Yes. So it never pays to push it more than you can do it. And I'm not saying it's impossible because I showed you, you could have made like seven grand this week, even with the risk that you had. Yes. Real trades, real money, you had them on. But you would have had to be perfect. And that's just not realistic. And every once in a while, I am, but it's not realistic. Again, could I have made over 30 grand in Baba? Yes, but I didn't. I got out. But that market did give Amazon and Google earlier in the year and it did give me 30 grand in those. Yes. So next time the market gives me that, I'm not going to knock it out. So. That was an unusual time, wasn't it? The holiday period. Because if I had held it, it would be 40,000 on that last day. You're talking about Baba? Shut up. Yes, in Baba. Yeah. So it's... You're going to have to say, you're going to put that chance. You're going to get lucky. Whatever once in a while, you're going to take a trade. It's going to be a huge winner. So stop trying to get huge winners in everyone. Because everyone's going to say, well, you are going to get lucky. And you are going to be Mr. Perfect. And you're going to have to get lucky. And you're going to say, you know what? This is really good. And it's going to go. And you're going to hold it. And you're going to do it. But not everyone. Because not everyone is perfect like that. And no, there's too many variables. And you're taking a chance. And you even know that when you're doing that one, we're taking a chance. Yes. Yeah. Like, I mean, again, I didn't do the Netflix. I didn't do the Netflix. But I would have gotten out of it. Because I kind of made a decision. Like, around the holidays, last year, I've been like, screw it. If these things run up anywhere close to the numbers, when I've been on the mistake, I haven't gotten out. Because of lack of stress and time and having to babysit these things and babysit them. Now, I could have babysat that yesterday, but I don't want to babysit something anymore for two weeks. So I kind of made it in my mind, if these run up right after taken in 24 to 48 hours, you know, out. All right, you're good. Thank you. Had it, had it.