 Okay. Welcome everyone. Last day of the week here. See what we get. Yesterday was a good day. Let's quickly go over the market. Again, you know, the market's bullish. I just sound like a broken record now. I keep saying it over and over and over again. I've been saying it for weeks and months and years. There's just no let up here. You know, I did say that if we pulled back, we would not have a D pullback. So this was a baby pullback on the spy. But it looks good. You could buy the market today. Where we go, let me say, you know, I mean the first target obviously is the previous high. It's not that far away. It's only $2. So I don't know. We could make another brand new all-time high in the market today. Is no read here. So very interesting. Gapped down huge last night. Was it $2.60 this morning? It's rally $10 since this morning. Absolutely crazy. So no read on this at all. Can't short this and can't go long this year either. So you just leave the all-till loan. Very expensive as well. And I'll just see how this acts like after today. Interesting stuff to look at. I mean, 300 is in sight for this at some point this year. 281. You even think this is a devastating gap. But look, it was a $259 last night. It's rally $10 since then. So obviously not real devastation. Google looks amazing. Went up over the strike $2 yesterday and is heading up and making another brand new all-time high today. Really good. 844.18. Whether this holds this or not, well, depending the market, it looks like it might. So the option I call it expired today. It'd be up $4 over the strike. Doesn't make a lot of sense to hold something at least a full position until the last day. Even if you're a strike, which you were yesterday, but it didn't close there. Closed at 838. I kind of had a feeling the market would gap up there today. So really nice call that was. What happened with the target? Probably the last day for this for the big, big move was yesterday. If anyone was still in it, I would have been out. Let's just see. Yeah, here's the bounce. 5441. So that's done for now. Least temporarily. It's like a cost. Cost fell, fell, fell. Barely gapping up here. No volume. So this could rally today with the market. We'll see what this does. F and SR. I'm just not crazy about this, but I rated it. Cara, I didn't rate and don't really like this one. I don't like either. Hey, I think works and rates well and zoom Z. I like the best. So let's just let's watch to you. I'll put pay in the middle. Have zoom Z up is your main one. And I'll look at the longs that she put in the room and any questions, right? And let me know. Oh, CLR. This isn't gapping up. Oh, no, this is the with F and SR. You're saying where were the longs watches? Go ahead. What's your question? Yeah, what B. A. Let's look at this. Just a reminder. Monday Sunday, money's a class. If anyone wants to do a retake. Password for the room for Monday will be sent on Sunday and I'm off on next week. Just a reminder. B. A. Wow, I haven't looked at this in so long. SBGI. No, this looks weird. It's not capping up anymore. It's capping down. See it? What was the other long IBD? Oh, no, this is just what you call it. There's nothing here with this one. There doesn't look like there's any good longs. That's weird. That's really weird. Let's just take one more quick skin aroma dish. No, I think this is that people. There's actually no good longs except for the market. That's weird. For gappers, I mean. That's interesting. Like a Tesla. I put all the targets in the room, but the main main one is the zoom Z pays in the middle here. Nothing. I don't think it's going to have a small stop today because zoom Z will probably have a spread. Tesla doesn't look amazing, but maybe the market runs up today. Amazon will make another new high today. These things are just crazy. WFC. W what? WFC. That's Wells Fargo. It's a gapping down. WFC has volume. Let's look. It is gapping down. Is that right? That's weird. On the daily, it has 55.96, but in the one minute, it has 59.07. What does everybody have for this? I have ten different prices for this. Bad print. Yeah, it looks it because the 15 minute confirms it. This is gapping up. Yeah, I mean, you must have the bad tick, too. That's weird. That was weird. All the banks are probably going to run today with the market. Let's just focus on zoom Z, but it's not going to have a small stop people. So pay I think drops and works and could go to 19. Zoom Z target is 17. 1750, 17. 1750 is the first target for zoom Z. Everything's going to be a big stop today, meaning 50 cents or more because of the spread and everything else. Are you ready over there? And you're gonna be ready to do your size and stuff with the shares. Well, you don't you don't know. You don't know what the stop's gonna be. I'm guessing I'm estimating 50 cents. Yeah, I'm well I'm estimating. If it's 50 cents, you're right. Yes, you're right. I'm estimating them. Let's see. Just make sure you short it and then put the stop in right away. Okay, good luck everyone. Here we go. Pay isn't open yet. No one doing anything with that yet. Typical, typical, typical. Look at this. This is not open yet. Look at that. Typical. FNSR. You know what? I'm gonna put FNSR in the third chart here. Nothing else is setting up yet. In fact, I'm gonna put zoom Z in the middle. FNSR have up as a main one. FNSR. FNSR. FNSR 75 by 25. 75 by 25. FNSR. 75 by 25. FNSR. Nothing else is gonna hit yet. You can do 20. 75 by 20. FNSR. Don't do anything until it hits. Nope, it didn't trigger yet. Here Zoom Z. 99 by 50. Zoom Z if it hits. 99 by 50. Zoom Z. Gonna be a jack of all trades here today. 99 by 50. Zoom Z. Right here. Right here. Take it. Take it. Take it. Zoom Z. 99 by 50. It's gonna hit. There. Zoom Z. Are you in? All right. Let me just get situated here. This didn't trigger. That entry's off on the FNSR. Yep. Zoom Z was the one. Zoom Z was the one. Take it down to 1750. Hold on. Let me just move all this stuff off here. Zoom Z. Zoom Z. Are you in it? Do how many do you have? Okay, that's fine. That's fine. That's fine. Can I just see where it went? 85. 50. Put it at 55. Put it at 55. Just give it a little bit more. 1855. Just give it a teeny weeny little bit more. I don't think it's gonna matter, but here's some of the market. FNSR never triggered, so no one should be in it. Pay. Looks weird. I knew this would work, but this is crazy. Zoom Z was the one. You got to be in it. You got to be in it. Do you have the stop in? Now put it at what you call 1855. You have it there? Nothing. Here, try to write this down because it does nothing else. Nothing at all. I knew they all wouldn't work. It's weird. Weird, weird, weird. Well, that doesn't matter. Just leave it for now. There's nothing you can do, and it's working anyways. FNSR is desperately trying to set up, but there's nothing in this yet. Here, Zoom Z. So let's see how that's at 1750, okay? You. There's nobody else here. It takes sense off the entry isn't a big deal. You were 10 cents plus yesterday. Huh? Yeah, that's okay. That's okay. Okay. You're up. Let's see where it goes. I think really 1750 is realistic because of the market here though. I mean that would be a dollar from the high. 1760 even people. Yeah, note. Don't take any chances here today. Oh, market isn't holding yet. FNSR just broke if you want it. Put a stop and put it tight at 2950. If you want to do a second trade, FNSR with a stop at 2950. I don't like this as much as the Zoom Z. We'll go back and look at it later. Here, Zoom Z. Zoom Z, just stay with this one, people. I'll only do one thing today. Market's very bullish. It's coming in a little bit. Here, here, here, here. Your hand should be in the button. You're drinking coffee. If it doesn't break 16, then you got to get out. Try to hold it. Try to hold it a little bit, little bit. Here, are you, is your hand, cancel the stop. Cancel the stop. Oh, that isn't good. Okay, keep going, keep going, keep going. You're gonna hit it out any second now. Any second now you're gonna get out, okay? Nice move. Nice trade. Let's even get one more jiggy. Take it, take it, take it. You get out. Get out, get out, get out. How much you up? 130. Okay. Why didn't you put the stop in? What if it has worked? I don't know where you wanted to put the stop. I said 55. But I got it at 1790. Oh, 50 cents over. That's what you meant. Yes, I said 1855. You're like, yeah, I can cover, but if this thing reverse wishes, no, you'll be covering $2 over the number. Do you know what I'm saying? We have to go over the end rates. We have to do that later. In fact, we're gonna, we'll do that over here because the thing is that you've got to understand where you've got to be out of it by. Here, that was the exit for this for the morning people. This thing has dropped more than a buck and the market's bullish. 1740. All right. What did you make again? 130 dollars. That's good. That's excellent. Very good. Where was your exit price? 1750. Beautiful. 10 cents off the low. And now here it is, you see it's at 1770. You see? Oh, right. Okay. Eric almost gave me a conniption because he didn't put a stop. I don't know why. All right. Is everybody out? Let's look at the other one. Good first day back. You're out. Yep, James. All right. Here, let's look at F and SR. If you feel like you want to do something, although I don't know why you would. I just don't know why you would. So wait and see if this breaks in the five minute. Zuzine was the one. And this even looks spreadier in here. Let's look at everything again. Hey, did work, but it was crazy. Look, drop broke, flipped over the high, broke again. Oh, you know what? Let's look at staples, that piece of crap yesterday. Where did that end up going? Anna took 3,000 shares and made 1,100 to $10. Anna has made back half the cost of the class since yesterday, and she didn't even do it yet. What did she do? She did the one yesterday, the TLRD, and today she did the one that I just called, but she's not doing the class till Sunday and Monday. I'm not saying people should do that, but it's definitely, it's terrific for her. Look at this piece of crap staples. Wow. Yeah, I just remember yesterday it acted crazy. Look, now today it's rallying. Gap down and rallying again. Best trade us a great call. Thank you, Melissa. You're welcome. I guess I can watch three things at once, but it's kind of stressful. Here, if you're still in Zoom Z, you can put the stop at 1775 and write it on down and see if you get it any lower. But, you know, this was the morning move. Look at your one minute chart. Blow it up. Blow it up really big. One minute, make it the whole big screen. Now, I want you to go to the bar at 9.30. Pay is working, but look how crappy it is. Here, hold on. I'm just trying to explain something to Eric, and then we'll go over the pay. Blow up the chart. I want you to blow up the Zoom Z one minute chart. Now, you see where your entry was? Blow it up. Blow it up. You see, you know where you got in? You got in at 9.31, right? Where would you put the stop if you were doing a saloon and you didn't have me? Where would you put it? I'm asking you. No, 18.30 would be too tight. I mean, you could, but it's awfully tight. But either way, you know, you took a little bit more today, but that was okay. It worked. Yeah, but I'm just saying though, I estimate a 50 cents. That wasn't like a rule or something. I was like, it could be about 50 cents. Actually, I was right. I was right. I said 99 by 50. I was actually exactly right. I don't know how I did. That's exactly right. I said it's gonna be about 50 cents. It was 50 cents. Anyways, the point is though, you need to know where to put the stop in. We'll go over that later. All right, let's look at pay. Pay is working, but the strap broke, slipped over the high. Wouldn't have had a retake. Looks really crappy. I did think this would work in a follow. It is working. Did you do it on your own? I mean, if you did it on your own, you made money, obviously, but it was kind of scary. You know, had a big drop, but don't have a lot of conviction when something acts like this. I did like it. I did think it would work. It did work. It took two tries. You would have made the money back from the first stop and still been profitable, but very, very hard. Zoom Z was easier. Chief, did you do pay? Zoom Z just had a weird looking bar here, which looks like if you had tightened the stop, you're out, but out with profit. Still could go into work, but you have to look at the length of the bar and this is pretty much, and that's good for that stock. What? We have to go over some entries. We're gonna go over that before you leave today, which, you know, it's up to you if you want to redo the class. Here, FNSR did go down, break, didn't get through the low, did have a little baby move in here, trying to go, didn't break the low yet, looks like it's gonna try. If you're in this, though, the stop has to be $29.50, it is gonna do it under any FNSR. Did anyone do it? This has a dollar target from here. Here it goes. FNSR, if you want a short stop, it's $29.50, I called it a while ago. I don't think you should do any more trades. Why? Why? The stop would have to be $29.50. It would be $0.70. If you took 200 shares, you could make $200, but if it doesn't work, then you will lose $200 or $140. You'll lose your profit for the day. Be happy. You made money today. You made money yesterday. You made money in the Google option. You've never traded in your life this week. Look, I'm gonna call you Journey Woman because you keep wanting to take trades. I'm gonna call her Journey Woman because he wants to take another trade. That's like Journey Woman. Can I do another? Can I? Can I? Can I? Sometimes it's just about getting the move and getting out and getting the money because honestly, you know, I do believe the market holds. I just don't know what time. It's 9.43 and it didn't hold yet and we kind of got lucky and this is still going. Journey Woman wants to do another one too. Steelheart, is he doing a second trade? He's getting nuts as well. Everybody's getting crazy. Alright, let's look at cost. What happened with this? Nope, didn't go anywhere yet. Let's look at Alta. What happened with this? Alta, oh my, Lanta. Alta ran up and just made a brand new high from look at it. That's crazy. Alta got down last night. Was it $259? $260 this morning. Ran at $10. I said, look at this. You can't do anything with this. And then it ran up and opened and swished this morning. Ran up $10. Now came in. This is nuts. The stock is higher. But I mean, how can you trade something like that? What was the other one? IONS. Nope, this didn't do anything. What happened with Target? Nothing would happen with Tiva. Zoomz if it goes below the low. You want to take it again? No, I'm talking with Journey Woman. Alright, no, this is a serious question here now for real. If you were on your own, would you take another trade today? If you were just listening to me in the room and listening to me and not sitting next to me, would you? I would probably take a smaller lot maybe. Why? Yeah, but you still are risking the profit that you just made. You have a job to do and you just did it and you did it very well. So why keep going after it? If you could make 10% of your account every day, that's all you need to be doing right now. Until you get it up. Do you know what I'm saying? Until you work it up and then you can start to take more risks. And then you have more flexibility. You know what I'm saying? If you're taking another trade today and it doesn't work, you could lose half the profit that you're up. Are you going to be okay with that? Do you know what I'm saying? This, you know, it's, where did this go? Zoomz did go down to 1720. Yeah, 20 cents. You would have another 40 bucks. So FNSR, I know you would have another 60 bucks. You have 300 shares. FNSR is working. I did do the targets for this. I think it could go to 28. So Steelheart did it. Who else did it? It is working. It broke later than Zoomz. Eric wanted to do it, but the stop now is late. I mean the entry is late. So the entry, if you had wanted to do it, Eric would have been when you were ready in the Zoomz when I called it. I called it, you know, 10 minutes ago. You were ready in the other one and then getting out. So this is too big of a stop now if you're taking the entry now. If you're already in it, it's a different story, huh? Right, but the original entry was way, way back up here, like, you know, 934, 10, 12 minutes ago. Thunder did another one. He can't control himself. 28. 28 is the number. Susanna is in FNSR. Did you do the Zoomz II? Or you just did this one? So Zoomz was the quick play. FNSR has the biggest target potential. It's working here. It's when you just had a good trade. I'm going to call you Galahad. You've been doing great. How can you be upset when you're at money? We talked about this yesterday. I said, what if you make money? Is that a bad day? No. That's right. So you had a good day. We came back to it. We had a big red bar. Boom. No, I called it back at 934, 935, but you were ready in the other one. In fact, your exact exit of the time of the exit of it was actually it was right around the same time. So you were exiting Zoomz as the other one was entering. You would have, and you're not fast enough to do this yet. You would have had to quickly get out of the Zoomz and then flip right over to the FNSR. Do it. Put the stop in quick and then flip to the other one. I mean, you wouldn't, I'm not saying you can't. I stopped out. I'm looking at that now. I'm looking at it. What? 933. I probably would have gotten stopped out. Which one are you talking about? It's the one week FNSR. You wouldn't have gotten stopped out. The first trade I called never triggered. Never triggered. That's right, but it never triggered then. Originally I said what? It never triggered. Yeah, it didn't hit that until the number until 934. Look at the bars. Put your jiggy on the bar and see the whole thing. You wouldn't have been stopped out. Here, this is the morning exit though. Steal hard if you're in it. 2850, 2842, 948. You're bar by barring in here to get it down till 10 o'clock if you feel like it. Bar by bar by bar by bar. In fact, I put the stop over this high of the bar, which is 58. This is a nice flush actually. This is almost a dollar from here. Holy crap, look at this go. Did anyone do this besides Tuzana, Steal hard? Who else? Sheep, did you do pay? FNSR worked so well compared to pay, which was crappy, but it did. I mean it's still going. Yeah, you're right. Here, this is the exit here. I think people right here. Don't let it pop over 30. If you did that trade, it's good. It's great. Here, this is the bounce. Okay, question from the other Italian actor to put the order very far away. Yes, he did that this morning with the Zoom Z. I said do a test trade. Try to short Zoom Z at 25, which it was not at this morning. It was gapping here around whatever, you know, 1825. So he had to actually put an order in, and if it sits in his monitor, that means he's got it to short, then he cancels it. If it doesn't pop up in there, then he doesn't have it to short. So he doesn't have a jiggy to figure out. He's testing to see if he has the short. Rather than email the broker or whatever, he does a test trade now. That's what he does. So that's what you would do. You put an order so far away that it would never fill it in the pre-market. That's what he did with the other one. Steelheart, good job. How much money did you make on this? That really was the morning exit people. 10 minutes from 10 o'clock, market going to hold somewhere in here, great trade, almost a dollar. Boom, out. Do you understand Mountain Girl? Steelheart made 286 bucks? Good. Let's go over, what happened to the other one yesterday? Where did it go? Wow, this is still falling. The one from yesterday is still going. It's at 1540 something, the TLRD. This fell, broke the low, kept going. Where did this end up going? I think to 1575 yesterday, 1571. Go over the test trade again. The test trade is, if you're not sure if you have something short, you put an order out to short it so far away from the price that it would never get filled in the pre-market. If the order sits in your trading monitor, then you've got it. If it doesn't pop up, then you don't, but you must cancel it, otherwise you'll get filled, or could get filled somewhere into the open. So if it sits in the monitor, you've got it, then cancel it, then you know you got it. And if it doesn't, you don't have it, and you can request it. Okay, there was something else I was going to say. I forget, what else were we talking about yesterday? What other questions, here, this is a bounce in Zoom's day. Look, no one should be still in this. Oh, we were going to go over Google. We can do that over here. We can do that over here with the chart. Is anyone still in Google at all? Anyone at all? Still in the Google. Your option chain, are you signed in? Into your options? Express or whatever, or the Ameritrade or whatever? Yeah, sign in. Is anyone still, Gala had just said he should be. Gala had just said he should still be in Google. And Eric said no. Now Eric's actually going to help you today. But I want Eric to look up and see what it's worth first. This is practice for Eric. Who would you sell it to on a day on that expiration? Well, we'll pull it up. We want to see what you paid for, we know what you sold it. How many shares did you have of it Gala had? You told me you made $1,800, but you didn't tell me how, the quantity you had or the price you had. Well, a pay one to the target I said, of course it did. Hello. Okay, what did you happen? So you're looking at the ones expiring today, the 840s, Google. What are they worth? Eight contracts. But what price did you pay? No, I'm talking to Gala had, I just want to see what, I'm estimating what his profit would have been once we know. But I want you to tell me what it's worth. Hurry, hurry, hurry. It's today's. Go ahead. It's the 430 by 260. No, that can't be right. The 840s, go, go, go. Expiring the 10th. Reflection load up. You know, that was a little change in the last. What's the bid ask? Go down, down, down. You're over, you're in the money now. See, that's why you're not used to looking at this here. See, you're in the money the other day you weren't. Okay, now go ahead, go up. 840s where? There, no, no, no. The first column is what? No. What is it? And then what's the second column? So that's the difference. If you put an order out, you go down. I just want to see. Okay. I can't read it. They keep moving it. Okay, write that down. 316 and 450. So a midway price would be $4. What did I tell you this morning? You could sell them? $4. If you had kept them till today, you had three contracts with 300 shares. You could sell them right now the second you're out of order. Ready for $4. So what would your profit be? Figure it out, figure it out. 300 times 4. Oh, 1200. Yes. But what if they wouldn't have been? You would have lost completely. Oh, yeah. It's a lifetime value whatsoever. It expires today. And every hour and every second, it's 9.56. That number will be worth less and less and less as it gets into the close. You understand? No matter what it trades. Unless it keeps trading up. Huh? It happened to me before. I read the expiration. It just shrinks and then boom. Right, it does. It's worth like 10 cents or 20 cents or something. I went up to the strike, which I said, I didn't want to over the strike. But you're still taking a chance. Gala had would have made 3,000. But what was your price? This is a very good discussion here, people. And this will help everyone. I know not everyone does options, but it's the same point with the day trading. Whether you get out of something, whether it moves one hour or moves one and a half hours, or it drops to three hours. What was your price? No. That's the day that I made the trade call. What was the price that you actually paid for it? Yeah, he might have paid a little bit less, because we took it in the morning. What did you pay Gala had? No, what did you pay? What was the cost of the option that you paid? This is running up right now. Quit, refresh it. It's going to be worth more. But just refresh it. It's at 845. Gala had, what did you pay for the cost of the option? $1. You didn't take the ones that expire on the 10th? Oh, then I don't even know what you did. I don't even know what you did. I thought you did the same trade that I... You didn't do the ones that I called. I don't even know what you did then. You did something on your own. What did you do? $435. Yes. So you could have made $1,300 or something. Who would buy that on the day of expiration? I would say... You can always get out of these because they always have volume. I don't know if that has a volume up in there, but these are liquid things. This is what we trade liquid stocks. We trade liquid stocks, whatever we do. For the day trades or for the option trades. The person buying this, why would they buy that on the day of expiration? Because people do this as day trades. I told you that. You could have taken that out of the day that we did it. Don't you remember? Someone can buy this right now. It's going. Targeting in this today is 845, 850. Some people are perfectly happy buying something because they're making $1. You know what I'm saying? As a day trade, this stock gapped up. The stock looks higher. Google is moving ahead of the market. Here's the market. Here's the market long. The market looks great. Someone who wants to trade here, it's not even 10 o'clock with the market. Let's look at Amazon. Amazon looks good too. It looks like Gala had did it one week out. He paid more, so we can't compare it to yours. But it's still the point that it was a good, good trade. Gala had, I didn't realize that you did this and had a week left, so yeah, you could have held it. But you still were up $1,900. So Eric, you said he should have gotten out. Whether he had one more week left in it or not, why do you think he should have gotten out with $1,900? Go. Can you hear what he just said, Gala had? Did everybody hear what Eric just said? Talk a little louder. He could have lost everything. And how much money did you have at risk, Gala had? How much money did you risk in the trade, $2,700? He said you could have lost everything. It's not easy to say. It's simple to say. It's more than easy. It's ridiculously easy. That's why Eric just answered for you, huh? What do I understand? Eric is really going to be your teacher here, Gala had. Yeah, Eric's saying you don't want to blow up your account. You don't want to blow up your account by being up money and trades and not losing it. Gala had saying no, he couldn't have lost the whole thing. But guess what? Yes, he could have. Tell me how he could have. Here, let's go over here. Bring your chair over here. Come over and talk. He's saying there's no way, Melissa, that I couldn't have lost the whole amount. But yeah, anyone. But that's not true. Why? Why isn't it true? It could have went down. It could have went down. It could have went down. And give me an example of what that would have meant. Here, this is going to help you too. Because yesterday I was asking you about the scab up or two days ago on the tape. This could have done what? What could this have done that he would have lost it? He would have lost way more than half his money management or possibly the whole thing. What could it have done? It wouldn't have been worth as much. It would have been. It could have gapped down. Yes, it could have. And it could have gapped down to 820 or 815. And there's no way then it would have made it. Not by Friday, not by next week, not by anything, by 840. Then he would have been forced to hold it. Well, he's not forced to do anything, but he probably would have held it because he does tend to do that. And that's why I said he's got to take out when he's down half. But when you're up $1,900, that's real money. So he's still in it. No, he got out of it yesterday, are you upset that you could have made $1,200 and you didn't? You don't look upset. No, I'm just... It just seems that when we get out of stuff, it's like, oh, it goes to everything. It just... Keeps going. Yeah. With the options or the day trades you made? I don't know. It just seems like as soon as you get out, it's all of a sudden everything works. Like, well... But you're getting out in traffic! Yeah, I know. So what do you think is the definition, though, of what do you think, though, is the definition of greed? If you're holding something too long, are you taking the chance that you could be up in it and you're risking the whole profit? I'm risking the whole profit, you know. Yeah. Do you want to risk the whole profit to hold everything to the target? Galahad does. Do you want to? No, I would feel bad if I lost, yeah. You would feel bad? Yeah. Yes. Like, if you had not... If you had held Google today and it would have been worth nothing, would you have felt bad? Yeah. Yes, okay. Hmm. If you're in cost and you're down half, you should kill it. I bet you are and I bet you didn't kill it. Galahad's talking about maximizing the trade. This is the whole, whole, whole big discussion I had, the Mr. Perfect discussion with Galahad, although this doesn't really pertain to you. I see a little bit of that in you because you wanted to take another trade today. Although it did work and it was true and you were here with me, but you did good. Actually, this is still working people if you're in it. Listen to you, you're funny. But look how this rallied. See, this didn't keep going. This went 10, so you got out of this almost at the low. This is Zoom Z. Look, bounced, went 10 cents down and flew up. So look, if you hadn't gotten out of this, this is back at your price. It went 10 cents from where you got out of it. Look, this is the Zoom Z. You were talking about the FNSR one there. Okay, yeah, that, yeah, the one we weren't even in. So they don't always all continue down after you get out. No, this went 10 cents down and then it flipped. You know? Yeah, if you're down half in this, then the answer is easy, kill it. And if you haven't done it, then you're not following your money management rules. Pay. Pay worked. Pay worked, yeah. Pay worked. And he was getting back to this whole thing where we're talking about here. This was the whole Mr. Perfect discussion that I had with him when he was here. When you get to a point where you were becoming better at the trader and more skilled as a trader, then you will be able to do this. At a certain point, you have to prove to yourself that you can be consistently profitable by taking trades and making money and getting out and taking trades and making money and getting out and taking trades and making money and getting out. And it doesn't matter the number of bars. And it doesn't matter about maximizing the profit. I don't, there's no way I can get that through to Galahad, apparently, because he was here for a month and he still doesn't understand that. But Journey Woman has that problem. You, I don't know. You're just here for a couple of days. But the point is that you can't maximize every trade when you were just trying to book money and you're in that learning curve and you really have to get the consistency down about making sure that you get out with the profit. Should I just have 30 cents as a target? No, you're following the targets on the chart. You're following the exit signs and you're following the reversal signs and you're following the market and you're following my direction. So you're following all those things. You have 17 things to follow. The exit signs, the reversal signs, the candlestick to the market, what I'm calling in the room, these are the things. So it's telling you, telling you, telling you, telling you. Usually they all come together. It's usually very easy to see. This was a very, very easy to see that this was the first exit on this two days ago, almost at the strike, two days left. Market you don't know yet hasn't popped. Stuck out up on the day. You still have time value. Do you know what I'm saying? So it's, once you get as a good trader and you're making money all the time hand over fist, then you will be able to take more risk and you'll be able to hold longer. And I would still not say to hold the whole trade then. Once you can take more risk and you become a more experienced trader, you would still get out half here and you would hold maybe half back, but you would have more money risk on the trade. You wouldn't be risking three contracts and he wouldn't be risking eight. You'd be risking 50 and you'd get out 30 here and you'd ride 20 or you'd get out 40 here and you'd ride 10 until you can do that, until you got more money under your belt and you can do it and you have more experience. You can't do stuff like that. If you only got two contracts, then get out the two and take your money and run. No one's ever going to make the money that they want to make in here if they don't understand that. And I think Galli Had was a great example of that in the Mr. Perfect lecture. It was kind of funny, but it also was very serious and it was very, very serious. And I'm not sure if he took it seriously enough and I'm not sure if people took it seriously enough because it was funny, but it was a serious, serious lecture about how to make money as a trader because when you're in that learning curve and you're just getting used to taking size or you can't take the size yet because of the size of your account, then you have to book money. If you can make 10% of your account every day or 5% of your account every day, that's exactly what you should be doing. So you could save 30 cents, but your share of size will be different every day. Some days you could take 300, some days you could take 200, some days you could take 200, some days you could take 400. Some days you could only be able to take 100, because the stock might be big. So you don't know. Now what Gator does is completely different. Gator scalps some of the trades we get stopped out on Gator's out with profit. So Gator has a scalper mentality as soon as the one bar goes red, he's out. We don't trade like that in the way I call it, but I'm looking at lots and lots and lots of different things. But until you can build your account size up, you can't be swinging for the fences in every trade because of what Eric said, the whole thing could lose. And if you think it can, then you're wrong. It can, even if you're in an option. Even if you have a week left, the stock can get down and it can be all over for you. Well, I mean, I just was trying to tell him to book money. He's been doing better at it though because he got out of this yesterday, but now he's upset that he didn't get out of this, that he didn't hold it today. He's upset that he got out of target with $1,600, and he could have made four. So he might go back to doing what he was doing before. I don't know, but if you can make four grand in two trades in one week, then I don't see what the problem is with doing what I'm saying to do. The reality is they could have not worked, and you were up several thousand dollars, and that is the reality. When you have an account that's worth a hundred grand, two hundred grand, five hundred thousand dollars, then I'm not saying swing for the fences. Then I'm saying you can have a little wiggly jiggly room with some of these things to hold it, but I've got to be honest with you, your total mentality then about money might be different if you had a million dollars in your account. If you had a million dollars in your account, your mentality would be different. You know, what would have been different if you had a million dollars in your account in reference to the trade today, huh? I want to say that you want to concern. Yes, yes, and guess what? Would you have wanted to do that second trade today? If you had a million dollars in your account today, would you have wanted to do FNSR or not? Yes or no? Well, no, I'm asking you. I doubt it. Well, let's just go for just for the hell of it, huh? Yeah. What? If you're used to having it, then it's different if you've had it and you're used to having it, but if you've never had it, I don't understand your point. If you've never been in that position, then it would be hard to imagine like... If you've never had a million dollars and then you have a million dollars, what are you going to do? I'm probably going to be protected. So you'd be conservative if you had a million? Yeah. So you think if you had a million dollars for ten years you wouldn't be conservative when you were here? You're like, if I was high in my whole life then I wouldn't be conservative? I don't think it would bother you as much if it would just... No, I'm asking you some real serious questions because you're never going to get to that point if you don't have the right mindset. And it's really not that different because Gallagher was saying, you know, it's really easy to talk if you have a huge account. You can maneuver in and out of positions because when I was telling him what to do about coming back the one day and I was saying, boom, you know, the cost, I wanted him to take more and he couldn't. He's like, well, you know, it's easy and I get it, but you could just lose more if you're doing the wrong things. So the bottom line is you still don't know how to trade. You know, you still have to know what to do. You could take, you know, 5,000 shares of costs if you've got the BP, but you could still lose it then. So it's neither here nor there. But for the Zoom Z, for example, like Anna made 1,100 bucks. So if she had made... If you had made 1,100 dollars today now just work with me here. If you had a million dollars in the bank and if you made 1,100 bucks why? Because, well, I mean, that's a good profit. It's a good profit. It's a good profit. Just like his $1,900 yesterday in Google was a good profit. I mean, so you see what I'm saying. I mean, this is a thing. I think it's better, and this is the point I was trying to make when you were here, Galahad, it's better to have no $10,000, $12,000 Baba trades the whole entire year and make 1,600, 1,900, 1,000, 2,000 and not take the losses where you're up $5,000, $6,000 and then you completely lose the three grand that you have at risk of the trade over and over and over and over again trying to make that $10,000, $12,000. It's better off if you have no $10,000 home run trades this whole year and get out when you're out 1,500, 1,900, over and over and over and over and over and kill the ones that are down half. You will make more money doing that. That's the point and as a result your account will grow. You here with this, you screwed up your size the first day but you made money the last two days you know you're so, so new, I think you did the right thing getting out of the Google the day anyways here the two days ago but this could pull in but it's you know, you're really taking the chance if you're holding something on the last day and like you said you can lose it off. If you're in the train you have to kill it at half loss any trade that you take that's an option. The stops and the day trades if they stop now this didn't stop today it's flipping but if the train stops you lose 1R. In the options I would say lose a half lot because the way I've been calling them they either go right into the money and also this is the way I'm calling them I'm calling them that they're either working like immediately in the first 24 to 48 hours or they're not and that kind of tells you like it's not a good one and this is where I noticed that when I went back and looked at all the trades I called last year for the options it's pretty obvious the way I'm calling them they either work like right out of the gate or they kind of pull back a little and hold, hold, hold, hold, hold and then take off or they collapse into themselves and then you just kill it so you just don't even waste your time sweating a bullet in it. Make sense? But you can't take full losses you can take full losses in the options that's the point I'm trying to tell you you're still thinking about the stuff that's happened in the Pascal ahead you can't do that and your risk has not been the same in every trade you've taken and it has to be you can't risk $5,000 in, you know, in Amazon which failed and then risk $2,000 or $1,400 in Target and it goes on to work you can't do that okay, it has to be $2,000 or $5,000 $5,000 it has to be the same risk you can't swing for the fences and say boom, you know, or whatever and actually the only one that I ever said was amazing in the last 18 months I've been calling these was BABA, this is the only one no, I lie it was BABA and Amazon Amazon in January of 2016 and BABA in August of 2016 were the only ones that I said to every single solitary person these are amazing take them and I told the room and it was in the letter and every person in the room did them and those were the only two in the last 18 months that I said take, take, take Amazon in January of 2016 and BABA in August of 2016 yeah now you have a story tell the story with what you did with BABA this is really good because you've been doing business for years but not you know, not with gaps what did you do with this trade in here you took it? I took it and went up to you have $700 I think it came I came back down some when it came back in where, do you remember the day was it in this week here? real big move yes it was the next day and then I got out it went down a little bit when it went red I had money I just I had $1,700 $1,700 you were up well what did you risk? Do you remember what you risked? how many contractors did you have? $300 in it it was unbelievable you probably got out the red day because red scares you because I remember you said that in the google my guess is that you got out here I thought you said you made $1,500 when I asked you what was the biggest trade you ever took yeah anyways it gapped up this day so it still had the price and it had a month left but that was fine this wasn't a bad exit yeah this wasn't a bad exit but this was the exit on this day and I didn't get out either and I regretted it and then I suffered the whole thing but the big move was here and that was chanceing it and I didn't get out the last day I got out of here then but look if I would have chanced it this still wasn't the last day of expiration I'm not sure what to say I wanted to convince some of you about and again we were talking talking talking about this R concept and I really just want to flush it down the toilet but it is something that traders discuss and talk about and so I did when I first started to teach and train and I have the one discussion in the class about it but I haven't been talking about it anymore in any webinars for more than a year it's something that I think the most important thing is the consistency of the profit and watching what you're doing and keeping the losses down and I am more convinced that again the options either go right a ways or if not you kill them in half and swinging for the fences isn't the best idea and best way to trade and you can make more money getting out when as soon as it goes right into the profitability rather than trying to have these massive massive huge trades for the options or even the day trades there are sometimes when these things go further and even if they do like here this got to 28 this got to 28 in here let's see where it backed up this in here right in this here and it dropped in here you would have been up 70 some cents a little bit less it backed up in here and guess where it went to 2887 here's where it went you would have been up 10 cents 20 cents you would have been up 25 cents so here's your whole day here's your profit for the morning now you've given back 70% of the profit you could have held it down you could have made more you gave back if you had your goal in for the day you held it held it held it to try to get it down to 28 you gave back more than 50% of the profit to try to get it down that doesn't make any sense do you see it? here I'll blow this up this is FNSR you wanted to short this as it was dropping as I said it's too late here was the entry but this is the move in the morning and Steelheart got out the bottom line is this is the morning move 22 cents from the target out here it rallies all the way back up here's your entry here's the rally back it holds but how do you know chance you don't you don't know if it's really gonna go again and break again to 28 and if it does do you know what time it will get there no you don't this is not chance rating the gap tells me the gap is good gets a setup call it take it boom you're up this is not chance this is an executed system that we use based on my having figured it out and doing it for eight years and you take the entry and we have the targets but even the targets are estimates because this really could have been it I'm sure 2825 is somewhere on this chart let's go look I mean I really felt that 28 was the number but I'm sure this is here somewhere here it is so this was a number this could have just stopped there it's chance if you hold it to a bigger number this could go down all the way in here it's gonna try to break 28 so you can learn your stop if you want to get something to ride back but what if it takes you out with profit over that area there around 2870 2880ish but if it takes you out then guess what you did make your goal for the day or you were up more money earlier and you're mad at yourself and then you feel like you want to take another trade or you feel like you did something wrong or you hate yourself and it's not good to hate yourself I'm sure Galli had you feel bad about yourself for your eggs and in Google and your eggs and in Target and that is that's terrible that was the whole point of the one discussion I wanted to have with you the one day that you didn't want to have on film and you were mute like a mute and you feel bad about yourself I know for your eggs this week on those two trades and you made $4,000 and that is something that I cannot help you with I wanted to talk to you about it the one day and you zipped up like a closed zippy but that is something he did I wanted to talk to you about it and he didn't want to go there then so what you have when you make $4,000 is something that I can't help you with would you feel bad if you made $4,000 no that's right you got to feel good when you make money and if you don't feel good when you make money I can't help you so the market is along and the stop should be in the spiders $2.37.25 this is not too late you go along here $.70 stop $2.40 the QQQ if you want to right now it's an all day trade stop has to be under $131 it could be $130.90 let's take a look at all the strong stocks and see what they look like do you have any questions about anything you want to go over today we have to go over the entries what else I think you reviewed day two of the class which is Monday can you or not you have to go to work that's okay if your max loss is $2.30 that's all you can lose if you want to kill it at half loss that means for down 115 bucks you would kill the trade apple looks good what do you do look at this thing what did I say this morning what did I say about this morning what did I say about this morning it was continuing I said it's probably going to make a brand new all-time high today oh yeah nobody got burned nobody got burned nobody got burned did you do something I didn't know did you shorten it you are funny I never asked you what you do what do you do for a living you work at the IRS oh my lansa it's just so causing you tell them to refund them out and then we do the amended returns say not an accountant no wow big IRS office in Philadelphia it's probably like huge just like anything else people call anyone information you just read the urn they have it on the pdf file and you just give them the information no wonder you think you're a pessimist people call yelling at you every day do you get nasty people on the phone how do you deal with that no you just tell them I'm not going to continue the conversation if you keep you know do you hang up on them you never hung up with anyone that's a large air force for the IRS and he gets nasty people no wonder you want to do something different with your life oh my god how do you deal with it when people aren't mean to you you just learn how to take it you can't take it personally you have days you have good day bad days but we're not on the phone all the time so that's good now we're on all day that will end when it's an April 18 so it'll get slow wow that's interesting yeah yeah he's undercover he's got his fill being here that's for sure alright let's go over the entries for Eric okay so here was the first entry here boom short it stop here drops do you understand it do you see what you did yes yep you ran it's good so why didn't you know where to put the stop I still don't know what I meant I know let's scare everything the stop in no I got in I'm thinking I got in a 1793 before you had I thought you said the stop should have been 1750 1850 this is where I'm not calling the dollar where you're getting screwed up in your head about the entries but you should know well today I was looking at two things but you gotta know where it's at you gotta have the chart up and look at it and know that if you're getting something at 90 something if I'm saying 50 and that's above it therefore it's a dollar above it so 1793 wherever you got hit then the stop's 1850 okay you're gonna just have to pay attention because there's nothing you can do okay you got in it right but then you totally ignore the stop and I'm telling you that this could have gone against you it didn't and it's fine but you still gotta you gotta learn how to do that right because I don't have time to give the dollars so you gotta know that if I say 90 something and then if I say a smaller number for the stop it has a number ahead of it that's higher it could be 1850 it depends on if this is a cheaper stock but for example what was the other one the other day did Cien have one above the thing there was one of the ones that was cause like I could say 2350 the stop might be 2502 I mean you never know some things are smaller stops than other ones here it looks like no the only way to do is look at the chart I know I know I know it's all good in everything when the trade works you have to protect yourself see the high in this one here was 2514 low in the day was 2352 so it dropped from 25 something to 23 something but it took all day but I'm just saying you still gotta pay attention to the numbers of the thing you have time to do it you're not acclimated enough cause it was your first week doing it to do it fast enough but the point is you've got to do it because what if it doesn't work I think it would have gotten me out anyway cause I have that $200 well you said you would have covered it but the point is it doesn't matter they're not going to kill it well they might kill it but they might kill it with who knows when they notice it or kill it they might kill it with a $500 loss by the time they notice it and kill it when the stock reverse is against you what was the one yesterday oh staples gosh how could we forget this was insanity this one here this really was a failure yesterday cause look at it today institutions come in it would always be well look at the whole chart in this but it's just here this you say well la la la but if you had had to stop here and if you would have said well I'm going to just cover it the length of this bar here is 50 cents the second bar between two minutes from 917 to here it's 70 cents so if you were supposed to have to stop here I don't know why you would have done this here but say you shorted it and you're supposed to have to stop here you're like well I'll just cover it you're going out like way up here by the time you press it I mean this isn't moving a live time but we watched it yesterday and it went to you know what I mean it's seconds that you have to do it and then the order has to get sent it's not just you pressing it the order has to get sent to the ECN and then it has to get filled this is like second second seconds but this is also happening in second second seconds this is not a slow moving thing that's why sometimes when you press the button to get out of something you don't or get into something you don't have an exact fill you press it and then it's a couple pennies in or you press it and it's a couple pennies up do you know what I mean? because the order has to be sent I mean this is as close as live time as training is ever going to get for us people but it's just the point that you have to have to stop in alright let's look at the daily chart of staples here I think it's just a good example something that's just down a lot it's just down a lot and it's backing up but I would never go along this our institution is buying this no not in the chart that happened here that failed it's getting buying now through the second day through somebody's buying it do I think that this change is a trend in the chart no would I buy it no do I think it's going to drop again yes do I know when no but I wouldn't buy it so it's very choppy well it's actually training smoother today than it did yesterday does anyone want to go over anything else and then I'm going to just here Google's coming in now 29 does anyone want to go over anything else here about the week or anything today anything at all what did FNSR do yes what how's everyone doing you took FNSR in paper at 10.06 and made more in six minutes and you did the zoomz trade oh I thought you did that for wheel journey on me said journey woman you have to decide if you're going to do one trade a day or two trades a day all the time just like galley had can't change his mind on the amount of the risk you can't change your mind or your mind of the days of the trades are you doing two trades a day or one trade a day are you doing retakes you're only doing one trade you should be doing one trade a day that's it you risk a sec galley had I don't think so because you risked more on this trade here which is fine it worked in Google then you did in the previous ones the last two weeks you risked more so I don't you know make up your mind I was crazy absolutely crazy but did work I felt that it would gapped up failed then in the morning gapped down dropped you would have had to do a retake in this to make money I think the easiest one was the one that was the zoomz and this is still going is anyone still in this at all it's could get to 27 so do you want to do two trades journey woman or do you want to do one trade if you risked 2800 if you risked 2700 well that's more than you risked in the option in target it's more than you risked in the other options again I don't care what you risk I'm just saying figure out a number and pick it if you had risked 2700 in Google and we're at 1900 with you about now knowing that you could have possibly made 4000 you probably would have got out I don't thought about it but I probably would have got out I think you would have got out because you made the decision to go out the other day you said I'm going to get out you made the decision yourself I know well that's why it's interesting because when I asked you like I said do you want to do Costco and you said no the answer is no then you don't want to do it so if you have to think about it the answer is no that's the telltale sign if you're questioning it then the answer is no holding it or getting it or taking it or doing it or doing a second trade or whatever you know what I'm saying your intuition is trying to tell you something you see I think that journey women the idea of you risking more and doing one trade would be better off for you right now I think that that would have better results for you risking a little more and doing one trade not doing the two I know you want to do a second one but I think risking more and doing the one trade is better so that when they really go and work and fall hard you'll have a good what you think is a good amount of money on the one trade that works and even when it's a small win then you'll feel okay about it I think you should do one trade and do the good amount and then not do two I think it is easy when you get out of the mentality of trying to make huge trades if you would decide in your head that you are perfectly acceptable and okay with not having a $10,000 winning option trade this year if you can live with that and go to bed at night and get up in the morning and face yourself every day and accept that that's the better thing for you to do to get out with the profit like you did in the last two in the last week then I think you'll be fine there's nothing wrong with making $1,900 or $1,600 in one trade that was posted last year yeah I made those yeah and he did too so you see that but now he thinks every trade is going to be that it's not that's just the reality that is the reality that's the market not every trade is going to be a huge win but it is absolutely possible to be consistent with what you're doing with the picks and making money and I've never been more consistent than I have been in 2017 there's reasons for that but the reality is that it is about the consistency with it and not letting it get under your skin if something goes longer than you think here we're going to do a little exercise we're going to do a little exercise here just hang on one second I'm going to bring up a PowerPoint