 We may as well just I may as well just start talking I have a little topic I can lecture on today I can go over any questions we're not we're not trading today at least I'm not I mean click does not look good there's no volume here and wouldn't rate well either so and it's four minutes before the open so I don't like anything I've scanned I don't like anything any any ideas anyone's given me and I know that there isn't any good gaps today so it's like not even I haven't really rated anything so it's very unusual based on the fact it's early in season but it is what it is so the deck if you want to watch on your own it's totally up to you I am not doing this and I'm not even gonna watch in college because I just don't even have any conviction whatsoever so the spy looks better to rally today than the cues actually the the diamonds look better to rally than anything so what I thought we could first of all I thought we could go over a topic I have today I do a little teaching and then yeah that's it but before I do does anyone have any questions does anyone have any questions at all about anything from yesterday yesterday was a good day we can go over any questions you have from the week if not I have a topic to lecture on but I am not trading and I'm not calling any trades that wouldn't make any sense obviously if I like something else to call it I do it you have a question on Starbucks what's your question so this is just an open forum here you can ask me any questions and anything you want about gaps about day trades about the options anything because I'm gonna spend some time here with you if you want to go over stuff and I do have a topic to lecture about so don't leave even though we're not trading so I am gonna talk about something I think is important Brent is still in the option why I guess would be my question first of all I didn't see this last night is that bar real pretty much looks like it was real this looks like it was real here yeah why are you still in this Brent so I had called an option trading Starbucks it worked it was good galley had got out too early but at least he got out with money Brent is still in it which I don't know why but what is your question looks like that bar was real it's got another week to go yes but how much were you up yesterday in this like let's just you know I mean how much did you risk in this and how much were you up yesterday you were up $200 okay and how much money did you risk in it there's no way you could have only been up $200 in this at the high yesterday not if you paid 60 some cents for it unless you really only risked like a hundred bucks or something did you only get like one or two contracts how many contracts did you have okay that three contracts so three contracts okay so you pay probably around 60 so you paid 180 you were up more than a hundred percent and so the reason you didn't get out was it's a reason you didn't get out of the trade so while while Brent is writing in here it looked strong well it didn't close strong it looks strong it was strong now you sound like gala had well it looks good yeah but you had made a hundred percent return on it and what did I say the exit wasn't this wait till it goes over the high it's gonna go over the high wait till it goes over the high wait till it goes over the high wait till it goes over the high wait till it goes over the high gala had didn't listen to me got out early but this one over the high and you didn't get out and you were up your monetary risk you were up the second target 68 was the first target 69 was the second target second target didn't get out it didn't close strong yes it looks strong this chart is in an uptrend this chart can make a new high sometime whenever I don't know when could it be today maybe if the market rallies this could continue today but it's not the point it's not the point it's not the point at all it's went to the second target you made a hundred percent of the money that your risk and also even if you hadn't if you were watching this when this broke down here you should have just put through an order out and got out now I don't know how this closed but it definitely didn't close with you being up $200 the fact that it looks strong has nothing to do with anything this could fall today and still look strong your option could be worthless today by the end of the day and I could still come back and say the chart looks good so do you know what I'm saying do you know what I'm saying Amazon looks strong Amazon is strong Amazon gap down in earnings but the chart's still in an uptrend but I'm not gonna buy Amazon today and if you were in an option yesterday you're down today even though the chart looks strong do you know what I'm saying that's always gala has reasoning for not getting out of it well it looks good the market looks good here too but I would have been I would be out of the market options in the market yesterday and at least at least 50% or 75% of the trade now nobody nobody ended up doing them gala killed it I you know I don't want anybody else to but the point is that if you had done the mark the market calls they were great trades to get exit yesterday one because you didn't know what Amazon was going to do to because you didn't know what the economic data was out this morning and three although we could be higher today today is the last day of the expiration so the exit would have really been yesterday but either way the market still looks strong so it's like to say something looks strong when you're in the option it doesn't even matter anything anything at all anything that you're in here a little time to the discussion that I'm that I'm wanting to say gala had you didn't you just didn't write could be turn time you just didn't write that did you turn time why are you obsessed about pullbacks you are focusing on the wrong things that's why in fact that is why you exited this amazing trade that you could have made a lot of money in when the market gap down here and you took a loss in a trade that you were up in that went on to be a huge win you took the loss here because you were thinking it was going to pull back you are not trading gaps anymore somewhere along the way a year ago three years ago I don't know when you turn the corner and now you trade pullbacks which don't work and I don't want to spend any more time lecturing about it the fact that you just said could be turn around time that's that you should not be focusing on that at all not it should even be in your mind whatsoever and that's why you killed this trade you didn't kill this trade because it gap down you killed it because you thought the market was gonna pull back and you were worried you're gonna lose the whole trade and you killed it and you thought it wasn't gonna work because this happened on the 22nd the trade was good you should have either gotten out here or held the trade you killed this trade with a loss here because of the fact that or no here I'm sorry you killed it Monday actually I don't even know what date I'm at here I'm not today's February 1st you killed it here because you thought this is gonna pull back that's why you killed it you're focusing on pullbacks so you're trading something completely different and it doesn't work and I can't waste any more time on it I was let's get back to what I was saying here this very well could be higher today but you lost one day in the in the cost of the option chain I remember what we were talking about yesterday with volatility you get volatility in the movers and the big movers and the shakers in the market and Amazon and Google this is the only way you're gonna get paid in this and the only way the only reason this was worth any money at all and worked was because it went to the strike and went through the strike and went a dollar through the strike plus so yes this could go to 70 today but I gotta be honest with you you're probably gonna be up 200 even if it goes a 70 today maybe you'll be up 225 maybe 235 do you know what I'm saying like you lost a day and yes even this goes a little bit more than it went yesterday's high was 6950 like you're probably gonna get the same or a little bit more like not enough to worth risking it to hold it like the only way will be worth it is if it would go to just if it really go spike the fact that you have a week doesn't doesn't really matter you had to move it shouldn't be a consideration anything at all about any pullbacks you shouldn't consider it shouldn't be a consideration you make choices based on pullbacks that's not what I taught you you're not following what I taught you you are consequently losing you've been desperate for a huge trade you wanted a big winner I gave you the trades you even took one of them the only one you took you didn't do this by and then you killed the trade with a loss it's your fault a hundred percent until you acknowledge the fact your own responsibility that you're not doing the system I taught you then you're gonna continue to lose that's it you should be pissed at yourself you should be angry at yourself in fact you should be so angry that you start to listen to me what is it going to take now I was upset with myself two days ago whenever it was and we had that day when I ended up getting stopped out of the queues in the morning for one penny but I got over it I got over it I got over it by the afternoon and I got over it and yesterday we had a very active day but it but it was a good day long and short of it is you should get angry at yourself and make some serious changes and stop talking about pullbacks because you're not trading I got you're not a gap trader anymore it should be no consideration for you whatsoever at all because the trade went on to work this dropped which is exact again why we didn't do it so we don't short gap ups the stock gapped up we're not doing it I knew this wasn't good that's we're not doing anything anyways getting back to what I was saying here this still has no volume and flipped let's just quickly look at CVS CVS dropped CVS dropped I didn't rate it I didn't do it I didn't like the reason the market could rally my week is over in my mind here so you could have aggressively done this no way I would have done it you consider pullbacks which have no meaning you whether you trade them or not you consider them and actually the fact that you said you do not trade pullbacks is a complete and total lie because you don't want to enter a trade until it pulls back that is what you think and therefore you are trading pullbacks in your mind you can rationalize it however you want Gallagher but it is screwing up your trading method for profits period end of story be in denial you can continue to be in denial you can continue to continue to lose money I have nothing else to say about that subject Brent if this goes over the high today and you're up 150 between 150 200 eggs of the trade I wouldn't hold this into next week I wouldn't hold it in next week you're losing time value you must see exit yesterday now IBM hasn't gone this is trying to go this has plenty of time one day it's gonna pop looks stronger every day again what was I gonna say I wouldn't be due today now it's too bad so I'm gonna go over this because it's a good example here of the topic that I want to go over you could have shorted CVS you would have had to be aggressive I don't think it follows fueling through and I'm not doing it if you happen to do it on your own it made money I didn't even rate it that's how much I didn't like it let's go over this so let's just say and I'm gonna talk today about having a small account Mimi are you here Mimi it looks like you're here but I don't know if you're listening so we did this yesterday but guess what we were up and we did it we ended up getting stopped and that was unfortunate but the reality is that you could have actually got out of this with profit and let's go back all the way over here wherever you got filled it wouldn't have mattered the trade was up when you took it in here it dropped boom so again you could have made 60 cents 70 cents 50 cents 45 cents 30 cents whatever long the story shirt was I didn't get out I took a stop in fact I even moved the stop but so I lost more than I wanted to however I gave the trade a chance to work let's say you have a small account guess what you could have gotten out of this you could have gotten out of this with profit without taking the loss so today lecture is going to be about what what do you do if you have a small account something that gala had complaints about a lot but he complained when he had a big account and it's something Steven is trying to I think risk more than he should be in his in his account whether whatever his money and senses he's trying to risk more and get fast moves I think if you have a small account you should be doing the opposite of what Steven is doing which is what getting out faster because if you have a small account your only goal if you're really really want to increase your risk then if you if your goal is to build the account guess what then you should be getting out faster almost like scalping now this really wasn't a scalp it had like five bars down okay it just looked really good so I didn't get out but it and again we got stopped but anyways you could have got out of this with money so if you have a small account what's the best thing to do be more active get in get out get in get out okay it doesn't mean don't put the stop in but it means risk a small amount and get out quicker to try to build on the size of your account it's the opposite of what Steven is doing so if you're trying to build up your account like if that really is your goal you have a small account you want to build it up you don't really care about taking money out each week or each month or whatever you're trying to build it up so that you can grow it to risk more while still learning the system then what you should do is chip away at it to build it or let's just say you have a bad day Mimi had a really bad day I don't know if there was last week whatever where she took three trades that she didn't want to take that because she let orders sit there and got filled in a trade I don't remember the symbol so she had orders that got filled triple and it was a mess anyway she lost more money than she wanted to because she made a mistake by not canceling the orders and so what what should you have done Mimi so like say you have a bad day chip away at it don't try to come back with some huge win that next day or the following trade chip it chip it chip it so say you lose a thousand bucks and you didn't want to because you ended up doing three trades that you didn't want to take you only wanted to do one make 200 make 300 make 100 make 150 chip it chip it chip it and if you're trying to grow your account same philosophy you have a small account say the five grand you shouldn't be risking a thousand dollars in every trade so what should you do take a trade you could have taken a trade like this made 50 cents okay take it chip it take it get out make a hundred make 75 make 80 and then that's how you grow your account because the fact is that you have to get somewhere with this in your mind to to to appease whatever is going on with you emotionally which some of you are struggling with Steven is one which is why he's had some problems Mimi you've made mistakes just platform errors and you're and now you are in a situation where you have to chip away now the losses that you created from that day and you weren't here yesterday which was a good day unfortunately but like yesterday's trade you don't you didn't have to do with the way I did it yesterday we took the trade it was good it was up if you had a small account you could have got out fast I did not but the fact is that I don't have a small account so you could money-manage yourself differently than me there's nothing wrong with that and if the trade sets up again guess what you can take it again what was the one we did yesterday this now Gallagher I still don't understand how you got out of this with a loss but anyways everyone should have got out of this it went to the target it was the reversal time it was a perfect exit it was a perfect entry was perfect and it was long story short long story short on this if it had set up again you could have retaken it so there was no reason to stay through it and hold the trade through 20 and if you realize that it's backing up and you have a small account and you didn't get out then you just get out get out with whatever profit it's better than losing now I didn't think this would go over the high but I definitely knew it didn't have a big target I knew it didn't have a big target so we had a great exit on this Gallagher I don't know how you lost on it but the point is though that you have a small account so you should have been out at the same place as me or even sooner or if you didn't react quick enough then you realize it's backing up get out it's whether it continues or not is irrelevant it's irrelevant same point here for you Brent the fact that this may continue you may get lucky today because the market is rallying too but it's irrelevant if it's going further do you understand your goal is only to make money and if you have a small account you really have to be very conscious of that all the time because you can't be overly active you can't take too much risk per day you can't overtrain I mean I can go on and on and on and on I'm saying that you take too much risk Steven so this point is the opposite what you should do is try to build your account up more get out quick but take less size to build your account to the point that you feel comfortable putting the stop at the right place you say you have enough money to take big size but it's it doesn't matter if you do based on the margin dollars and cents wise you don't whether whatever you have in your account I don't know whether financially you do or emotionally it's an issue for you or because you're not putting the stops in you're killing trades and you are taking them out and you're not putting stops in so even though you might be risking $1500 you're not putting the stop at the right place so really you're risking more because you're not giving the trades a chance to work so my suggestion is take less size put the stop in get out fast which you've been getting out fast but you've got to do it with less size and if I call a second trade do a second trade in it then do that to try to make a thousand instead of trying to make a thousand in one trade because you're killing them and not giving them a chance to go on and work I forget the one you did that with that worked for us it was a win I don't even remember now but it was one day this week the point is though that you should be doing the opposite not not holding getting out fast but taking less size you can build the account whether you have enough margin to take big size or not it's not the issue for you the issue is you don't put the stop in why you're scared to lose a thousand dollars or you really don't have enough money in your account to be able to afford to lose it I don't know but scared or reality it's the same consequence where you are not putting the stop in same thing with you gala had so you had a nice trade here yesterday I did say hold it over the high and I did say it would go over the high and I was right you got out early because you were scared scared that it was up so you were scared when you're up and you're scared when you're down you killed the cues because you were down 170 trade went on to work killed it with a loss you were scared here when you were down and you were scared here when you were up so you're scared every time you're trading so guess what you're losing so you're scared when you're down if you're scared when you're up and you're scared all the time so guess what the market smells you're scared and it's never going to pay you you want some trade to go on and be some huge winner right away so second after you take it market smells of fear in you just trust me when I say it you always put the stop in as a safety net but you will exit before it hits a stop well then what's the point of putting the stop in Steven what's the point doesn't matter listen to what I'm saying you're killing the train before the stop hits whether you put the stop in or not who would know it makes you feel safer to put the stop in but you're not giving the trade a chance to work you're killing it so it doesn't matter whether you put it in or not I'm glad you put it in but you still don't you're not honoring the stop you're not honoring the stop you're scared it starts to back up you kill it even though it's not hitting through the stop same philosophy same philosophy trading scared but then he was getting back to us saying Mimi you have no other option now but to chip yourself back because of the screwy thing you did the other day with the with the one trade you got to chip it back to look and say that you can have some huge trade right of ways to turn around that day where you took three trades we didn't want to I'm not saying it can happen but I'm saying thinking like that it's probably not likely like today we didn't have anything yesterday we had this it was nice it was good but if you didn't get out at twenty it flipped okay anyways that's the point I wanted to bring up chip chip it chip it and chunk it chip away at a lost day if you screw up and chunk it out if you're trying to build a bigger account from a small one you got to chunk it out it will help you because you will realize then that you can start to make some progress the worst thing that you could do is not make progress and and then you fall back so you know you don't want to take one step forward and seven steps back and go ahead that's what you're doing so I mean you want to take five steps forward and maybe one step back that that's you know that's the progress when you're walking up a up a hill it's you get tired you get a rest you lose some time but you got to keep going but when you go a little and then you fall back hard on your butt I mean it's just making your life more difficult so to take a huge amount of risk with a small account to try to swing everything around it just doesn't make sense and you're just not going to get there that way whatever it is gala had you're still in denial you're just in denial I mean I I didn't realize it the other day when you killed the straight but you killed the straight because you thought the market was going to pull back and you're still in denial you're in denial that you're saying you don't treat you you you do not trade gaps you are looking at too many other things whether it's Fibonacci's whether it's pullbacks whether it's the sun of the moon I don't know but you're making poor decisions based on that you also have no money management plan you still don't you absolutely still don't you still don't have a money management plan I'm waiting for it you can email it to me today you got till midnight because the next time you do a trade and you don't follow the money management plan that you're going to write for me I'm just going to forward it back to you and then you'll find another excuse I mean it's just you know it's like I mean you got it you got to start to just take responsibility and you start you need to start to get upset like and like really get mad you should just be mad at yourself you should say at least as I just can't believe I did that and you should get so mad at yourself that you should change sometimes that's what it takes apparently you're not mad enough at yourself because you still keep making the same mistakes and ignoring me Wednesday was a different story Wednesday was a very difficult day Wednesday was just a very difficult day and I don't even want to talk about that right now it's just you know I'm trying to move past it Wednesday was a hard day and way too active and I haven't even looked at the commissions what I don't I haven't even looked at it because I I don't even want to go back and look at when I'm ready to go back and look at it we can go over it it might be this weekend it might not be till another week I mean that it's that's one of the reasons why it's so bad to actively trade because my commissions are going to be absurd it's it's going to be the highest commission day I probably had in more than a year it's just I don't even want to look at it because it's it's the commissions are going to be ugly when when you're over trading which a lot of people do all the time but we don't it's it just sucks up everything and it adds to your losses and it takes away your profits when you over trade and Wednesday was a day if you did all the trades you you got killed in commission so either way Wednesday was a hard day excuse me why are men your most troublesome students I don't I never said that I never said that at all I never said that men are most my most troublesome students I have more men students than female students although I have more female students towards the end of 2018 that I have had in a while but there's just more men that trade the market and so therefore I have more male students than I have female students and I never said that I have bad men students or men students are the worst I never said that it just so happens that Jackie is a female and she's doing very good but I have men they're doing very good I mean Gerard who who actually he's going to be back next week he was out of the country and he was he was a student of mine and he does well so I mean there's plenty of men that do well I think shower singer for the most part does well he's been here a long time I haven't talked to him for a long time um it's not just it's not just the commissions I shouldn't say it's the ECN fees like if you're using ARCA to get out it's it's not it's the ECN fees it's the ECN fees on top of the commissions it's it's like I count that as commissions because I say it's the cost but it's it's the it's the ECN fees plus then the commissions it's like the total cost of the fees is like you know which normally when we trade like if we have a day we go boop boop and it's out now we could have just stopped here yesterday but I'm kind of glad that we did two other things it all worked out in the end but anyways like if we had done one in and one out boom you know that's what we try to do and what we usually do but when you end up doing two three four you know and then it's the ECNs and then it's on top of that with the commissions that's what I'm telling you it's you know this is can you imagine trading all day every day like you would pay thousands and thousands and thousands of weekend commissions if you traded size I mean I don't do that but Wednesday was a particular day that I absolutely 100% over-traded there's just no excuse for it but I ended up chipping some back which was positive for me mentally but at the end of the day it was a very long day and it all could have been avoided from just giving this more room so you know you seem to be having difficulty as a man you're saying with some of these things I think the only difference between men and women and I may be incorrect in this men can correct me or the women can correct me I think that men are harder now just listen this is very important I'm going to say whether you're a man or a woman men are harder on themselves for expectations than women I'm saying that as a general blanket statement I'm saying that as a general statement I'm not saying it's correct in every case I'm saying in general and this is traders or other professions as well men are harder on themselves for their own expectations of themselves for financially making money that is my general analysis of knowing women and men and teaching them and then just also being out in the television world men men are expected to be the breadwinners for the most part and again I'm generalizing and so therefore men feel pressure and men feel that their expectations of themselves need to be XYZ women I think sometimes have it easier women are not necessarily expected to be the breadwinners and women are not necessarily expected to go out and make a crap load of money now if a woman is very motivated and wants to do that that's a different story a woman may put that pressure on herself I'm one of those people in that category I do that to myself I don't have to do that to myself I choose to be very aggressive and very motivated and that's on me but it's a choice okay that I push myself it's different where the expectation in society is that I think men in general put the pressure on themselves if you're single what doesn't hold what do you mean can't he she even said it exactly yeah if the trade is backing up and you can't afford the full loss you're trying to build your account back you should get out and not wait for the stop and wait say that again no I was talking don't get confused about Steven Steven here is taking trades he didn't be no it wasn't being what was it Steven did something where the train went on to work and make money and he killed it when it backed up I'm not saying you should do that Mimi I'm saying Mimi you weren't here yesterday but because you had a bad day with that lost the one day if you had been here Mimi yesterday we took a stop in vain I would have screamed Mimi or you should know it yourself to get out of this with whatever two hundred bucks because that would help to chip away at what you were down that previous day that's the point I was trying to make Steven I'm trying to help him to stay with the trades you Mimi need to chip away at that loss and also make sure that you're getting the platform you know down correctly uh if you're having trouble taking the trades or putting orders out or stops in or something then I would cut back your size until you're more acclimated to the platform which may be another solution as well candy is very responsible so you push hard for success you were lightly when you were married it means you're responsible for yourself even when not you were still self motivated yeah I'm the same way you know I've never been married but I would imagine that if I was married it's hard to imagine that I would be any different but I it's just hard to imagine but there is a pressure on men and I don't think it's it's fake I think it's real I think it's I think it's I think it's real so I mean what are you gonna do it's like I mean if I had to be honest with myself I said well here I am I'm still single now who am I gonna marry now it'd be great to say well I'm gonna marry someone that's less successful as me now how do you define that well it could be a million different things but let's just say I need somebody that makes less money than me am I gonna fall in love with them sure I could fall in love with them they could be a wonderful amazing person they could be handsome and loving and wonderful and fabulous and everything great but is he gonna feel okay about that or is he gonna feel emasculated by not making as much money as me I I don't know so it's you know you get it's at a certain age I think you get to a point you say well it is real the feelings that men have about you know their own success their own financial success it's legitimate and I mean it it it spills over into other areas into someone's personal life so it's like it's real and I think you know so men feel pressured to do very well all the time with everything they do and make more money than the woman and that's I think that's real women women I'm not saying women don't feel pressure but I'm saying that women you know I don't know I don't I'm not saying they handle it better but I'm just saying like women I don't think in society it's not the same now if you're a single mother if you have kids if you don't have a spouse or if you're just period single and you're the breadwinner and yourself then maybe you do push yourself because you don't have someone else to fall back on but that's you personally it's not necessarily society anyways the point I'm trying to help the people with small accounts today or that have been making mistakes with the platform like a like Mimi chip it back and chunk it out to build your account and stop putting the pressure on yourself to try to make x y z amount of money at a certain period of time we're about halfway through our earning season give or take a day or week and I'm just saying that at this point you know you you need to get like get it together and I know that this week there were some days that were easy at the beginning of the week then Wednesday was hard yesterday was an easy day today we're not doing anything which was a good decision because nothing really was good but we still got earning season the whole next month and you know it's time to get it together so you have this weekend to get organized in your mind like what are you going to do you could have a trading plan where you're scalping out to try to build your account it doesn't mean it has to be your trading plan for the rest of your life so you could exit trades with profit before I do unless I tell you this is greater at swishes you could do that it doesn't mean it has to be for the rest of your life you could say well this first quarter earning season until April 1st I'm going to just scalp and that's okay or I'm going to cut back my risk or whatever Canty's been too cautious because of her size of account yeah there's a difference between cautious and scared okay so it's like I don't even like that word cautious I would say responsible responsible is a better word so there's a difference between being scared and being you know irresponsible so if you if you are taking a ridiculous amount of risk like say of a 2500R account and you take a thousand dollar loss in the day that's totally irresponsible it's almost half your size of account but to take a trade like gala had did with this and kill it that's scared that's trading scared and he killed a trade when he was up scared so I mean you know it's there's a difference between trading scared and being you know responsible you have to know what the difference is and you know what it's not that hard to tell because but it is hard to tell if you're not if you're not if you're not honest with yourself which gala had you're not honest with yourself you're in denial about the strategy you're using to trade and make decisions you're complete and total denial so if you can't be honest with yourself you're not gonna you're not gonna make good choices you gotta be honest with yourself and say you know what I can tell how I feel when I'm in a trade and I'm scared and I can tell and I'm nervous and I'm worried and I'm scared about it like Brent asked me about this today he's nervous he realizes that he should have got out yesterday Brent you can tell me if I'm right now you're nervous and you feel it and you're like oh crap I miss my exit on this probably so you ask me about it because you probably don't have 100% conviction that it's gonna continue as far as even though you have an x-week even though you have another week even though it looks good even though it's strong so you try to tell yourself well it looks strong but you know you didn't even need to ask me this show you're nervous now you're in it I don't know if you're flat if you're up you're not down you're not down in this today I mean what are you up what are what where is it at but the point is that you knew you can tell so when you're honest with yourself you can tell it's like you don't even need to to ask me you know lack of confidence in the trade the reason that you have lack of confidence that you had lack of confidence in this specific trade was that you didn't have 100% conviction that the market was going to move higher and the reason is why because you believe that the only good entries are pullbacks you are not trading gaps you didn't look at the gap in the day that I called the trade and think it was good you didn't look at the follow through as good but that was a lie because I said to you oh why didn't you get out here when you were up $100 well it looked good Melissa you said it looked good so then here all of a sudden you thought it didn't look good it was still good there was nothing wrong with this so you change your mind every day one day you think it looks good one day you think it looks bad one day you think it looks good one day you think it looks bad because you're not focusing on the gap if you have 100% conviction in the gap and the stock has one red day or even a gap down you're not gonna all of a sudden say well that gap up that happened wasn't good you're not gonna say that at all but that's what you say to yourself so I mean the reality is if you didn't have confidence in the trade well then why did you take it you shouldn't have even taken it at all you change your mind every day just like you do about your money management so you are doing that because you're not focused on the gap because in your mind in your belief system the only good entries is when something comes down into support after a three-day pullback or a five-day pullback or a two-day pullback or something and then goes so that's the only time and if I call a trade into momentum you don't do it because you think that it's too late even if it goes like a rocket I think you didn't do Lulu one of the ones you didn't do that was just the way I described I forget what it was it was like a month ago or a couple weeks ago the queues have sold off should you go along the queues now no why again why shouldn't you go along the queues today and why don't we go along the market today this pie looks different but why this was nothing why I mean it's like seriously that I'm like talking to like myself why aren't the queues along today as a day trade again if you're still in the trade that expires today then good luck it could go over the high from yesterday but you really got to get a move over 170 to get paid bigger than yesterday but why wasn't this a good day trade today everyone should know the answer everyone except Jeff because he isn't in the class yet somebody better answer this right let me just see what else is going on here I'm on fox today for the first time in a month I said yes because I've been sick they want me to look at a small cap I don't I don't look at small cap stocks I just don't yeah great what no one answered me why isn't the queues a buy today why isn't the qq queues a day trade today even though it's green even in the market strong even though we had good economic data Canty is kind of getting it but that's not really the answer I'm looking for there's nothing to do in the queues today but somebody wanted to buy it and somebody said why isn't it along and I'm asking you why isn't it isn't along today and nobody answered Canty is trying to work it out in her mind but it's not a hundred percent Brent got it he just did the class and great job because you did just do the class it didn't gap up it did gap but it didn't gap up accuse gap down spy gaped up so we're not going long a gap down stock closed here last night at 168 16 wasn't a big gap down we wouldn't have shorted it could have gone either way I said there's no play in here open at 167 37 markets rallying could go over the high could have found through yes but there's no long here to day trade because the market gap down I really was a nothing gap down though but the spy did have a nice move and can anybody tell me why the queues don't look so good even though they're stronger overall apple is just not doing anything even remotely interesting and that is a big part of the queues and I don't know this is going to dry everything down you took it for granted don't take it for granted don't focus on the moving averages that's what galleyhead does don't take it for granted that's all you should be care about everything else is secondary there's something else I was going to say for those of you that we didn't we didn't finish the class because I was sick on sunday I'll send an email out about it today I think I think everybody should just retake the class next sunday although I could finish the two hours that we did not finish this week one day I think it's better just for everybody to retake it on the sunday which is February 10th options classes Monday for those of you that are doing it already sent out the link if you didn't get it email me and then next week we should focus on trading and making money and I think you should just retake the class on sunday the 10th galleyhead I don't know what you focus on but whatever you tell me you focus on today you'll change tomorrow so it's kind of like whatever all right so help me find some small cap stocks here since I got to figure this out and get back to them right now what should we look at