 Steve G now so at the time for questions right before the open. We'll do it later Yeah, if you're here for the open house, you should just be absorbing anyways This looks good. I have a cleaning lady here. So you're getting her noises by the way Okay, stop's gonna be thirty six thirty thirty six thirty. We're gonna do forty nine by thirty forty nine by thirty Here do it do it get in right now stop is thirty six thirty Khc and here here it hit it hit it hit hit it you got to be in it back. Let's give it 35 I don't even think that's necessary. Give it 35 Here we go 35. That was the first target Here it goes great call Here it goes right on down Beautiful move here. It goes. Let's watch it at 35 gotta watch it at 35 Here what a nice move here And you could steal out of some of you one. I know some of you do that Have eleven thirty five ten You could do it again here if you want you could do it again here if you want Brent You could do it right here. You could do it right here if you want Or you could wait Let me just quick see what GIS did Dbx is going to This is already gone Dbx is already gone. That did work. I figured a bunch of things are gonna work today Pretty much was right on that not doing this STMP Dbx was the one already gone and then the one that we're in And if you didn't do what you could do in here Gotta get the stop in though still have to size yourself with the correct stop It looks great Muddy the stop I'm concerned This is two days this week that you asked you where the stop was like a hundred years after the trade is already on so I know you're practicing But if you were doing a live trade you couldn't take it until you knew where the stop was which I do call out We'll go over it when we're done But don't do this here now you didn't you didn't you didn't hear it You can't be doing stuff and then not knowing what the siziness stop is 36 30 But you shouldn't be asking after in the tree That's very important to get your sizing right very important to get your sizing right if you don't know where the stop Is then how do you size yourself? You can't just take it and put this stop in later. Do you know what I'm saying? That's concerning See what this does. I've got the stop. It's 36 30. I still like it. I didn't get out of any I don't think there would have been any reason to if you scaled out of some fine not moving the stop We're gonna see how this acts For some reason we get stopped in this. I'm gonna keep watching it. Maybe I'll go on the market as well. I Think he's gonna hold them Like we could go on the market now But I'm really not necessarily wanting to do two trades at once here today, and I do like this craft So if you're in it stop again, it's 36 30 and we're not given in any room If you didn't do it you're gonna get a chance to do it because it's gonna reset up here back Let me quick and see really quickly. What else is going on today with reports? I don't think that there is anything That I didn't know about just let me check. There's anything at 940 945 I really want to be in anything long today Now there is a bunch of snow. There isn't anything today. No, there's nothing today Everything was yesterday So we should be clear Some news out about Trump of the Democrats or something something. I Don't think that's gonna affect us whatsoever Breaking news about that Okay, if you didn't do this now here you could do it here muddy but the stop is 36 30 Here it goes. This is a nice claw 34 be a really good number in this today. I'm not saying I'm holding it to 34, but we'll watch it in the 34 some things Here we go. Take a look quick at the market again Let's look at dbx again So this had a move Markets just getting going market is tempting though. Man, this is tempting you at the same time It's two things at the same time. Let's just stay with this. You can go on the market though. I mean, it's the market's gonna go Here we go. KHC under 50 you could do it again You could add if you feel like getting nuts didn't hit under 50 again yet here, but it will Again stops the same Here we go. Really nice call. It's really nice week here. We're in a group. We're in a nice group here and yesterday Domino's went to 350. I knew it would I knew it would but we got to get back in a group here. We're doing things and we're running out quick I mean in the last month, we've been just holding stuff long and it's just I don't want to start doing that all year Just better to be done quick 939 we will be done today soon soon soon soon soon soon soon Fast trades are the best dbx had one move Just gonna leave that Market looks fine. This looks fine and This didn't do anything at all Was the other one that everybody liked Doesn't look like it's really doing much of anything Here we are Yay, we picked the best one who to thought who to thank it KHC under low, which was 35 10 we'll get a flush and we're done. Here we go And he had a lot of time to take it Brent. Did you do it then in the end? Brent has a new trading plan is gonna follow it and he's not gonna question it He's not gonna be like Al I had he's gonna be the opposite He's gonna write it down and he's gonna write it in blood and then he's gonna sign it with his name in blood He said yes, he did Here we go KHC so far today. Did you follow your plan? Here we go KHC Mimi are you here? Where's Mimi Mimi Mimi Mimi? Mimi. Did you do the trade? Maybe you didn't get yesterday's trade for some reason here we go KHC Here beautiful call really nice Let it drop drop drop let it try to break 35. It's gonna break 35 hold on Bootsy. Here we go under 35 Let's just see where this goes No, didn't break it yet Mimi's in it Mimi you're gonna make money this whole week. I don't know why you didn't do the one yesterday But you're gonna have a wonderful week 35 Okay, you could get out here for bounces, but I think it breaks 35 So you're on your own to decide what to do here you want to get out fine When a bar by bar fine, I'm gonna hold it fine It's up to you. This is a move Here we go. Come on 35 and two there. It's gonna break it on the white stick and so long Quick somebody short a million shares Didn't break it yet 35 35 Here's the market. Here's this I would not do anything with we did the best one So you could be out if you think it's gonna break 35 you can hold it if you wanted to be out That's fine, too Doesn't matter You got a little bit more time here only 943 Let's see what whatchamacallit is doing here today 250 to could that have been more exact? No, it could not have been It I could not have been more exact about that number Two cents. That looks dead today though dead with no volume. All right. Hey, see if you're in it You're in it if you're out you're out either way Mimi you probably should have been out, but I Don't know what you're doing Hector's out. Thanks for breakfast. Yeah Hector's doing really well Hector's new Hector's new and listens. He just closes his eyes and takes the trades and takes him when he's up and he gets out It's really not like rocket science Hector's doing very well with everything. Hector's just like, okay, this girl knows what she's doing. I'm just gonna follow her dude Me to get out too. Yeah, maybe had a wonderful week Hector says yes, I do Can't you get out? You got your computer working today. That's good So if you're in it, that's fine if you're in it, you're still up if you're holding That's fine. We got a little bit more time here. I don't want to hold anything long today Got a lot to do today classes this weekend TV's up in the air Who's doing what? Jackie is out or in it shower singers in it Jackie's in it. I think it looks great. I'm gonna go on the market too, but I don't know if it's a quick trade. So let's Just stick with the ones that's working Brent's still in it trend traders in it Catherine's in it and here we go. Here we go. This is it though. We're not looking for any specific number What's the weather? We're just gonna do the trade and get out when it flushes through the low anywhere We go although this could go to I mean this could go to 34 34. Let's go drop another dollar 3450 is probably realistic Because again the market's very strong. Here we go under the low 35 nice end of the week still learning season We'll be in our tippy toes Once running season is over Like I was on my tippy toes this week though. Here we go K. H. C Here it goes Here it goes. Let it break 35 if you're still in it. This is it. Let it break You've asked about the point system the point system is 26 points the various 20 points or more You can do it But doesn't we're not No, it just didn't break it yet again 35 30501 This is nonsensical nonsensical Walter is asking about TV. It was on yesterday To my assistant my assistant doesn't emails did he put the wrong date in it was yesterday. It was on at four Clips on YouTube. I don't know this fan stuff 35 again not a hard bounce by any means whatsoever at all But now we're still waiting 948 so you could have been out of that there if you weren't out of it the first time just to Be safe. I don't think I'm being a pig waiting for this to go I do have a high level of conviction that it is going to go Guess we're gonna wait and see There's nothing holding this up at all Dave It went it's just a matter of how big it's gonna go You have people I mean just quick check something here But you have people that love as you very well know to buy these big gap downs traders Not institutions. I can tell you right now. No institutions buying the stock today I mean, that's one of the reasons why we're in it. I mean, there's just no way know how Never gonna happen in a million years was any institution going to buy this stock today So you have traders that are buying it for a gap fill Which clearly you can see the stock's lower, but I'm just saying it rated well Dividend or no dividend isn't gonna do anything here for this So either the target was 35 and that was in and the train is over or it's gonna go and break it So I hope I'm not hedging my bets that was profit down there hit it hit a good got a great price But I'm still up in the trade so Time of the day is 949 wanted a quick day. Let's just give this till 10 o'clock. I don't think that's asking for the moon I don't think that's asking for the moon or the stars, but nothing's holding it up. It broke 150 cents here Dbx is going again again. I didn't do this. I did rate it. This is this setup twice I didn't think it was going to but it did Okay, she were in if you're in this you're still up if you get out of it fine may set up again. I don't know Waiting but that was certainly profit in there not one arm, but enough So we're gonna have to wait a little bit But I think this would be worth the while if it goes meaning the move could be pretty big now under the law I mean, I was probably gonna get out in the 90s or the 80s or something, but now at this point If this does go down and break that 35 number, this will just kaboom. So It's really your call. Like I said, I said it when I touched it You had a hundred years to get out of this could I get out of it here here here? We're giving it a little bit of time This Really worked better than I expected Went right down to the target is 23. I don't know if it breaks that Market looks so tempting though, doesn't it? It's just like you just want to Do two things, but I don't want to get crazy and this is working Hit your daily profit goal. Thank you. You're welcome Just go on the market too, but finally take your first slide of trade listen to your advice and get out when you're up Good job Jiro's in and out. Very good. Have a great trip. Jiro's going away. What are you back? Are you are you going the whole week or just for a couple of days? I forgot Jiro spends more time on an airplane than he does at home Gone for the week. I have a great time Secret to happy marriages travel. Oh Have to keep that in mind Says Jackie Here goes the market. No, I'm gonna be very disciplined today that market keeps trying to suck me in but I don't think it's gonna be a fast trade. I mean you could you go on the market and scalp it Scalp it but that might even take a half an hour hour. If this goes down this could we could be done in this in 10 minutes, so Markets tempting keep looking at it every second Every second Okay, we're in it. We're waiting either you did it and get out Or you did it again and got out. Are you ready to waiting nothing to do but wait? Is there only two people in this with me Jackie and A Everybody else got out a Brent's Brent still in it. Okay, let's talk about this trade is a good example Size it for 75 cents. What do you go 50 cents? Is that one hour? No, but it went to the first target. It's an area It's profit again. This isn't about an exact science although it did go exactly to 35 and bounced So if you're risking 75 cents, you make 50 cents. Is that a good trade? Yes That's a good trade and you can't ignore the fact I went to the first target That's why I told me need to get out and gala had you probably should have gotten out I don't know if you did or not anybody that has a small account that needs to chunk chunk chunk chunk chunk it out Should get out For all the reasons I just said now if you're playing it on through and you believe it has more room to go And you can wait a little bit and you have time then fine But this isn't about it an exact science you risk 75 cents you make 50 cents it bounces at the first target That's an exit. I don't think we missed it. I think this is lower, but I'm just saying This is not an exact science Gotta play the move Because we're still up in it I think it's fine. This looks really good. Do not want to trade all day today and Classes this weekend. I want kind of just get some stuff done today. Here we go. KKHC Warning though. I'm on the 5 a.m. Show on Tuesday and gyros out of town I mean, I'm gonna run the room but Tuesday It's gonna be touch and go cuz I'm gonna have basically no sleep. I'm gonna be up at 2 a.m. Again I've said no for like two months, and I just can't I can't keep saying no They've asked me so I'm gonna be on and gyro can't do the room. So I'm just letting you know. I'll be here I'm not gonna have any sleep Gallon had it for still in it. That's fine. But if it bounces off at 35 here this next time then I'd be out You should not I gave a lecture the other day, but you you come in and you sign out I I don't know if you heard it if you have a small account You should be getting that as soon as you're up to build your account Let's just I'm not gonna be so realistic here in fact I should start marketing for beginners because it's like I just I mean this to me is common sense But like say for example here. I'm gonna write in the room. Let this keep going I'm taking that off just so I can write here saying you make $100 Now I'm gonna make it even Smaller $50 per day, and this is an average $50 a day is $250 per week Now an average means and that's $1,000 per month an average means what? Average means you may not make money every $50 every day. It's an average So one day you may make a hundred one day you may lose 50 50 is an average so I'm being very conservative here So that would be a thousand dollars a month a thousand dollars a month Times 12 equals what $12,000. It's not nothing for a part-time job That you would do for one hour a day and go ahead your no, I'm talking about an average I'm talking about the fifth 50 average That's what I'm saying the average average means it accounts for Days where the trades don't work Days where trades work more than one hour. It accounts for days that we don't trade. That's an average Gallah had wants to argue with me Anyways averaging $50 a day would be $12,000 a year and with very little risk and a very small account Let's just watch this here because I kind of got distracted, but I think this is fine 3512 it went down to Go ahead. All you want to do is argue. So I mean I Don't know what to say anymore. Nothing is good enough for you Average means not that you're risking $50. That means $50 is your average gains It doesn't mean you're only risking $50. That's not what I said You could make that money easily if you listen to me, but you don't want to That's your choice. You know, we all have free will We all have free will I think the biggest challenge for people is Well one knowing that they have free will but even when people realize that they have free will then they still don't know what choice to make They're still stuck and they can't decide. They don't know How to make a choice because they think that they really don't have a choice People often feel like they don't have a choice. I have to do this or I have to do that or I can't do this Or I can't do that. Hold on. I have to turn the heat down. I'm sweating here. It's cold and women it's hot in New York. I just this weather has been the same Yesterday I wore a winter coat to Fox and I was sweating It's 55 degrees But if you don't dress warm then it gets sick and I can't I can't afford to get sick again Trend trader is gonna follow in his phone. Well, that sounds nuts But all right. Okay, if you're still in it, you're up. We're gonna watch this very carefully now. It's time to clock Looks great though. Here. This is exactly what we want Exactly what you wanted. You could have gone on the market too. I was tempted. I almost still was tempted tempted tempted There it goes classes this weekend You'll get the pass for today If you're signed up, if you're not you can email me. Here we go. K. H. C. Under 35 35 I won 35 Here we go under the law Anyways, go ahead. Are you listening to me? Your problem is that your expectations Again, you can't do anything about the trains that lose You can't there's nothing you can do about a trade that loses nothing You we're gonna have some trades that lose. Here we go. K. She under the law. This isn't one of them This is a good trade Anyways, you can do something about the trades that work And that's where you have poor money management The only way that you can make money is if you make sure that you get out with the winners You mismanage when I'm talking about the options trades right now. You mismanage them. You want more out of every trade So you're always wanting more you need to you need to take what you get and fine if you do you'll be up Here we go. K. H. C. Today's a good example here. If you got out of this at 35 You didn't hedge your bets. You had a good solid trade. You walk away If you're still in it though, we're making more and it's dropping. It looks good I just explained how you could make $50 a day average and still be better off and you Want to fight with me? So What I mean, you know That's what it is Here this went down to 3490 Gosh, I don't think that's it. But now this is bouncing Lower your expectations gala had take the money that the market gives you lower your expectations That's what you should be doing. I'm not saying this for everyone. I'm saying this for him Although it probably could benefit some people you'll make more if you lower your expectations Your expectations are too high. For example this today, you're still in the trade and that's fine But you should have got out at 35 because what if you would have taken a loss in this trade today? What if 35 was a low? It was not you can't afford to be up 80 percent in a trade 75 percent of trade whatever this was You know not one are but well more than a half and then knock it out with profit You don't have that luxury. This was real money today. Okay It is right here You want too much out of trades and you're losing instead of taking out the gains Walmart perfect example. You didn't get out of that trade with profit. It's still on but you should have gotten out of it 3491 Here we go. We are hand of the button here watching this seeing if it breaks gosh, I really think this does but Let's just look at what the market's doing here quickly Gala had you don't understand the concept. I mean, it's just like talking to a wall. It's like you don't understand the concept You just you just don't get it You'd rather lose in a trade than take money off if it doesn't go where you want I mean you just that is how you trade you will not Stop trading like that and I don't know what else to say to you anymore What is better a 35 dollar loss and our 250 dollar loss? The fact that you even asked that is ridiculous. You were up positive in this trade Neither is good. No loss is good when you let a good positive trade go negative Whether it's 35 or 250 dollars the fact that you even asked me that is the most ridiculous thing I've ever heard You said that the other day you said that the other day you missed your exit on this this trade was positive You preferred to take a small loss Rather than get out with money and that is exactly the point that i'm trying to make the fact that you Still don't get that is ridiculous You are trying so hard to lose money That is what you work every day to do Your goal should be to make money and that means the only way that you can make money is if you get out when you're up Because theoretically and and i'm just saying this theoretically Seriously if you if you traded one stock every day, I mean theoretically if you took positions on and never got out You every trade that was positive would go negative at some point like this we're in it's fine Do I think this is lower? Yes. Am I calling this as an overnight? No But theoretically would this go over our stop if you held it as a swing trade at some point? Yes, it would be it would turn from a positive trade today right now into a loser So why that the only way that you can that you can make money is when you get out when you're up theoretically every positive trade could be a loser at some point if you don't get out when you're up and book money This is like 101 investing trading Here we go khc Come on. This better go sooner. I'm gonna get out of this Because I really don't know what happens here Later today with the market. There's so many things going on. I'd like to get out of this in the 80s or the 70s I think this can go but we're we're handing the button here now people God I'll finish talking to you when we're done, but you don't get it. Here we go khc 95 You just don't get it. It's like out of this Just wanted to go though What happened? There was their bad press on this or something like what was the news out on this khc? Because I didn't read up about it. Does anybody know? Nothing. It matters. I don't even care. I'm just saying No, gala head. You don't get it. You don't get it at all If you got it, you would get out when you're out of trades when you're positive We're giving this a little bit more time, but we're not giving this much Investigation You know, I can't look at anything else right now. I looked at stmp this morning. I did rate it But this was the better gap. Here we go khc under 90 We'll look at those things later right now. We're gonna focus on getting out of this trade at some point here soon Is a good trade Here we go. Yep. There it is boop. Boop. Boop. Boo. There's 85 83 here we go if it doesn't break 80. We're out nice call Back in the saddle again That's it. I'm out. I'm not gonna deal with it bouncing over 35 But at this point now I broke 35 Again, I think this can go to 34 50 34 20 34 But I don't know if it goes there between now and noon or what time great trade great trade everyone But if you're still in it, you're up If you're still gonna hold it fine, no place to move the stop though If you're in it, you're really just riding this puppy out And it could continue here could continue right now. I think there was a good exit 85 82 Here here. It's at 80. Why is everyone yelling about this stmp? This was insane. Would we have done this? The answer is no. I did rate it It just If we had nothing else to look at I would have done this maybe I don't know. I probably would have done drop box before this though This is the best gap. Here it goes at say 83. You could still be in this I think we had a good exit on it. If you're still in it, fine You're waiting to see if it breaks 80. It looks like it might here it goes It's it's it's this is fine if you're still in it good Anyways gala had you don't get it or you would have taken your profits out of walmart And I could name a million other stock symbols I could name a trillion I could name a billion So anyways long story short I think you're better at day trading because you get in and out and follow me in the morning if you're here in the room But as far as the options go you're horrible at taking profits. You're the worst I've ever seen So you are now wondering why you held this because into the close here You were down 30 dollars and now you're down 200 dollars and that is your biggest concern in life That has nothing to do with what I point I was trying to make At all or the day that I even talked to you You should have managed this trade and got out when it ran up and got out with profits And you failed to do so and your reasoning was because it didn't go to the target Which was 105 even though you were a profit It didn't go to one of five right-of-ways and it also wasn't a hundred percent return on investment So you ignored the profit that you were up and you preferred to take the loss or just let it go negative That is what you do every time it is asked backwards and until you stop doing that You will continue to lose because you're taking positive trades and you're holding them till they lose So if you have some trades that lose and positive trades that you let loose Then then what is the result losing? And every once in a while I call a huge trade and I tell you to hold it and that trade you get out too soon The one trade I call every 90 days that is a huge winner You get out too soon, but that's not really your problem Your problem is really not taking profits too high of expectations in your trades When you should be booking money consistently on trades that go right into the money Here this goes this just broke 80. Is anyone still in khc? I'm not but it looks great. It looks beautiful It was a good solid week. This looks great. I mean this could go right down to 34 50 But I think we had a good exit because we ran it for a while. We waited for the break at least Of 35 in the 80s, but if you wanted to make another 10 15 20 cents, you might get it in here Brent's out any questions from anyone about anything at all TMP. We didn't miss out on anything. We had a good trade that was much easier to do and much better in my opinion You know Let's just see what else is going on here any questions from anyone What is today today's friday? And this looks like it's going to go right down to 70. Is anyone still in khc? I think it's I think it's going to go to 34, but I just don't know what time that'll be Yeah, Jackie, we can do a video after this There's nothing to do with anything of anything. You just said Brent No, I don't have any questions about anything at all If you're having difficulty, then you should lower your expectations if you're giving back profits And and turning profitable trades into losers lower your expectations You'll do better if you average 50 dollars a day, which is not your risk and doesn't mean you're making 50 dollars a day You'd be better off gala had You won't do that In fact, the total amount of reversal in this again, I don't know what it was I know you actually you said you had a price of 120 ran up to 165 So that's 45 cents Do you have one contract of this? Again, I keep trying to prove my point, but I'm really going to give up soon with you gala had because you Just refuse to understand this you want to think you're right So keep doing what you're doing keep losing 45 cents. You were up I think you had one contract So if you had one contract of this you were at 45 dollars You chose to let a 45 dollar gain Go against you and now you're down 200 some dollars I think if you have one contract Oh, you have two contracts. Okay even better. So you were up 90 dollars Now you're down 200 So you're up 90 dollars you should have got out Again, if you could book an average of 50 dollars a day that would be Beautiful you'd make a thousand dollars a month, but you're not doing that But you could have actually made almost a hundred dollars on this trade Where is the up again? This is common sense 101. I'm going to go over it with you even though we did it already Even though we went over