 Welcome with us folks tonight. We focus on the exit strategy Getting in is the easy part getting out is Not that easy and knowing ahead where we want to get out is probably going to make the whole thing a lot easier So this morning we were looking at MU yesterday. We had a down day on the market However, semi-conductors were pretty strong and MU was one of them staying strong. However, pre-market activity was to the downside and let's replay this a little bit and This is this is the pre-market, right? And we're coming down to a line That is this low see this blue arrow. This is the low of the pre-market. So basically look at this time It's almost nine o'clock We are prepping our day and this is what's happening. So I'm this is pretty much what I usually do This is at the open. I draw a line. See this blue line This blue line is all about the low of the pre-market. So when we when we opened If we were to bounce on this line and start rising while we know we're on bullish side However, no, we are opening and see this big great red candle right at the open is telling you oh no everyone that was bearish at the pre-market well Whatever support we had we now have lost it. So we're down to below it and My idea was to go along to go calls on it So as soon as we drop below that line I'm not even interested. So let's keep going to see what's happening. And this is what happened this morning and The the reason I'm doing this is I want to show you something Now see how it's moving back up. See how it's moving back up towards our line. We're are still under Where the buyers were at pre-market? So there's no interest is going in going long yet Look at this here This candle is touching the line that blue line, which was the old support from pre-market and look at that Now it's getting very interesting See we're about to get above it. It's getting rejected But as soon as we cross over the other side We are Attempting to be on the buyers side. So the blue line we step on the upper side of that We are entering the buyers side. So Normally if we cross that we enter calls or could be a good idea to enter calls To go long, however market was kind of hithy We were not so sure we yesterday. We had a very big down day. So everyone's kind of walking on eggs. So I decided to wait See what happened the next candle and rejected that blue line pretty much Well, we're quite some accuracy. So I'm still waiting for proper entry because I am more of on the More I prefer to trade the bullish side So let's keep going here. Oh, we even lost that low The intraday low right now this is approaching the area where we entered and I'll show you a little tip About what I was looking at right just give me a second here. This is where I'm transferring you to We are now at the Tesla chart and look at Tesla. This is the one-hour chart However, this is what I have done. Look at this bottom here, right? Same bottom here. So we got a double bottom. So we know Tesla bounce twice on this line Chances are we're going to bounce again as soon as we reach that line. So I had an alert set for this line on Tesla and As soon as it dipped or crossed the line the alert went off Why Tesla? because everything else I was looking at was not as precise as Tesla for a support line Tesla was going down with the rest of the market and Tesla being quite a big weight in the s&p 500 I was like this is a very precise line where it will probably bounce which it did After the after the drop. So as soon as Tesla hit that line I was pretty sure that the rest of the market would probably do the same thing. Let's go back to the M. U. Chair So I said the idea was to know when to exit However, the obviously I need I need to show you where I entered in the first place So we were talking about the Tesla Alerting the downside it was 20 1024. I believe so it was just about close to here And this is when I decided to get in now. Obviously This was looking very bullish for a second the yellow line that we have that you see in the chart is the team on the 30 length charts on the five minute and Right now it looks like we're anticipating, but it looks like we're going to go Upwards from here. So it was pretty confident Now we're going back Down, however, we're holding it's dipping a hair below and Now it's holding see this candle is showing you that we're just about to hold and yes It's holding very well. So at this point we're higher than the entry point. We keep telling you Don't always focus on the premium price you can focus on the chart itself So if it went now it went it just looks like it's holding It's going sideways kind of thing and now it looks like it's going to pop right now. We're above the Tima The yellow line From here The target is what target is that 8340 the blue line Which was the low of the pre-market activity when we reach that obviously we will get in trouble because Everyone at that point was ready to buy however They were not selling so basically it's a line in the sand that says here are the keys for the bull side and Vice versa when it turns around so let's let's take it upwards from where we Entered in if you guys want to see what happened. Well, it's moving We're above the Tima that yellow line, right now It's moving upwards and it's moving towards our and that's it There you're at the line When you're looking at this chart, it looks like it's going to go to the moon. It's going to cross that's going to 85 No, the plan is to trade to 8340 and this is what you have Right in front of you. You need to take it We exited right there on the line as Planned what happened afterwards doesn't matter I can show you but it doesn't matter We exited right there and boom It got rejected and the rest of the day traded Underneath it and now we're under see the yellow line. We're under the yellow line now So this trade ended up being profitable. It ended up being something that I believe Exit was called let me review here We had the sorry if it's scrolling down The emu play was For 4554% so entering at 1024 Exit 8 at 83 40 we took the 82 calls for this week But the idea is to show you that we can stick to the plan and it works to the tee Now the Netflix play Identifying the exit was a little different I mean strategy was different because now you can see there was a an intraday double bottom I don't really like to play Like late in the day double bottoms But in this particular case I was kind of bullish for the end of the day and spy and I thought We had a possibility to at least reach the top there now see all these blue arrows It's and it's the blue line again just as we did as we did on emu Blue line is what I see as a strong resistance look at the previous day on that blue arrow on the left and then we shift to The intraday where there is you know the morning Activity and then it's stop on the first arrow Comes down it tries to cross the blue arrow But it doesn't it gets sell it gets a sell-off on that second blue arrow Here and then it moves down to the red line red line is the double bottom with what we see Intraday and let's move from here and I'll see I'll show you what I was looking at now This is becoming bullish because it's above the team up However, what we want is well, you know, I was not a super big fan of trading intraday Late in the day like that I could just said however That one looked really interesting Why? Because paying somewhere around three low threes I believe we could go at least to mid fours so there was a good potential for that and you know taking something that has I Don't know. I was 40% for a small scalp with a very precise target with something that was appealing to me so again yellow line is Tima on five minute and This is where it became very interesting It was holding the line and we decided to enter at that point. It was Dipping very very close to it and then it started moving to the upside right very close to that line It rejected it. We could have sold right there for a candle and a half kind of thing that after getting in however This is exactly what happened at the close It touched our line again, however, we managed to sell on that line precisely for Good profit. So like I just like I just showed you when you have Let me just make me take a screenshot of this here Hold on Here was the entry we're coming to the Tima and I was under the impression that we were going to go bullish for the remaining of the afternoon and bouncing on Tima We were just shy of that blue line that I had already in my chart and then Then we touched it and this is where the exit was So from here to there is not much right? I believe here was very just a hair under 6 6 16 and here is just under 6 20. I mean it's 6 19 and 17 so from this to that taking the 6 20 calls ended up being a 42% 42% play So just to show you that knowing in advance where your target is going to be is What we are really looking after so I Hope you guys are learning a little bit from this From this video the idea like I said is Target strategies will exit strategies on target is all part of the plan Sometimes it looks beautiful looks ready to go However sticking to the plan is always the best strategy Hope you enjoyed what you enjoyed the show and I'll see you again soon folks. Thank you