 They like the sweet good offenses. They like them, man. Yeah. Well, let's go over the target option. And if anybody has any other questions, let me know. What scared you about taking this? I'm here with Eric today. Eric, because of the rally? Because of the rally, yeah. It went up to 58 something. Yeah, so. I don't know, I just said, I was like, oh. Well, that's not that far away from 57s. I called them 57s. I forget what day I called it. Did I call it this day or this day? Was it like a Tuesday or was it Tuesday? Oh, then I don't remember. I either called it here or here, I don't remember. Anyways, the bottom line is usually I'm calling them away from the strike to drop into the strike or rally into the strike. So the fact that it's only $1 away, that shouldn't scare you out of doing it if the chart looks OK in the gap. Now, are you looking at the charts before you take the trades and the national trades not all the time? So then how do you decide if you want to do it? You just say, I'm just, because you're not doing everyone. No, well, whatever it's a put, so. Yeah, did that make you nervous? Yeah, no, no, I didn't know how to. I never did a put before. OK. Well, I did, but I lost money on that. OK, that's all right, that's all right. I've been calling most of longs. Yeah, so I was just used to the call, so I was nervous about it, so I didn't do it. So if I had called a call, would you have done it? Probably would have. OK. Yeah, because that was easier without looking at the chart. Yeah, I probably did it blind just. OK, well, going forward, I think you should look at the chart for everything that I, every trade that I call anyways, unless you're going to just blank it, do every single solitary line with the same risk. I would look at the charts for now and to see what ones you have more conviction in or not. You would have seen it with the seeing in money. Would that work? You're just saying, no, the bar chart to do it. I don't know how real-time pricing is at. We'll pull it up today, and we'll look at it and see if it's real-time. You just got to keep getting a refresh. Yeah, that's probably right. A gala had saying that Eric would have been at us for $1,000. What's wrong with that? There's nothing. I don't think there's anything wrong with that at all. I mean, what's wrong with that? Nothing. So the reality is that when you're up in this and you know that you're up, you know that you're up, and that's all that you know. And if you wait and it goes to the first target and you don't get out, you don't know what can happen tomorrow. That's where the chance lies. So the probability exists, and this is important for you to understand, because we just rated that one gap as all we had done this morning. We'll go through them. But the probability exists in the fact that you're doing a system that has a high probability of working. It doesn't mean that they're all going to work. Now, high probability means that most do in the trades was the options of the day trades. Like today, that one worked for a move, but it didn't get the rating over the 20, but it did work. So you'll have things that don't rate well, that sometimes work, just like you'll have things that rate well, that sometimes work. You have the high probability, which is the system. But the money management has to be on you if you know that you're up and you don't get out of anything and you're up for a few days, which actually, he was up in this for three days. You get up in the morning, you're up. You get up the next morning, you're up. You have the next morning you're up and it hits the target. You got to get out or you got to get out of half, okay? Because it gets chance then when you're in something and it's working, if you don't get out because you don't know where the next number is gonna go because you have time value in the option and even in the day trades, you have time against you. You must get out of this trade here today if you did this one before four o'clock. If you shorted Tyson today, if you had done it, you've got to get out when you're up. This could push all the way back up to the entry price. You've only got before four o'clock to get out as a day trade, you're in and you're out. And the same concept with the options because of the fact that. Would they sell your position if you so well forgot? No, no, who's gonna sell your position? A little elf sitting in the middle of a ferry? Eric just has some funniest questions. Oh my God, I'm gonna have the guy here all week starting tomorrow after we get your bathroom up. You were saying the funniest things. Eric said, does someone take you out? Yes, it's a magical trade your favorite that comes and takes you out when you're up and takes the trades for you actually. It's called the stocks for your favorite. No, I know, but this is so cute, this is why you're here. No, no one takes you out and if you would have taken this and you wouldn't have gotten out, then guess what? You would have been stuck in this sucker overnight and what if it gapped up tomorrow and it gapped up to 63? You could lose your whole account. No, you've got to be responsible and you've got to get out. And in fact, one girl that I had that was so new, she forgot in the afternoon and saw she wasn't out of something. She was still had money in it. Don't make sure you look at that jiggy then and go and check on your monitor that you are actually out, closed. Even after you take it out, go check it. Check the profit, check the loss, like double check it because she thought she had gotten herself out and she wasn't and she caught it before the afternoon and she told me that. You've got to make sure that you're out yourself. This actually looks like it's still actually continuing here. Let me just look. I was waiting for the confirmation Susanna for this to go on a higher timeframe. I did not want to be aggressive here in this at all. Yes, you could have shorted this up here but I didn't want to do that on this because of the fact that it didn't rate good. So even though I called it, I was waiting for confirmation. Yes, this was the correct entry but also you want something 20 points or more for that which this wasn't, okay? This still looks like it's going though. All right, let's get back to the target option. So this went to the first target today which actually went to the second target. Went to the first target was $57 which was a strike and then $56.50 which was today and the next target is $56. So he has 4,000 shares and he could have, well he sold it but he could have made four grand if it went to 56. It will go to 56. Will it today? Will it tomorrow? Will it the next day? It expires on the 17th and you're taking chance if you don't know. So if you have 1,000 bucks, you know you've got 1,000. If you're up 1,700, you know you've got 1,700. Do you know what I mean? So we'll see how you do this week but you don't want to get out too soon but you definitely don't want to get out too late. I think that's what the person was saying with the $1,000. But yeah, but that wouldn't be too soon to me. To be at 1,000 bucks, that's money. It's 1,000 bucks. It's $1,000, you know what I mean? I mean that's what the whole move in this here today. Yeah, it's 30 cents. It's not amazing if you look at the stop at 50 but the gap rate, like crap, you got in right into the money. What more do you want out of life? Again, the system is you follow it and I've been doing great with the picks. I can't force these things to work though when they don't. There was a couple last week that just didn't work right but all in all for the most part you follow the system and just use better money management which I'm gonna have to start teaching more about here which is why this is a good lecture. Well, you could be in this already if you're wanting to be in this for a longer term short if you want to, Sue. I mean you could be in it already if you want to but I thought the put was a good play because it was cheap. It was cheap. It was 60 some cents or whatever I call it. So you could have bought 10 contracts and spent 600 bucks. So actually Gala had what was your fill in this here then? What was your fill when you ended this today just so I can give Eric an example? Anyways, let's go over what you were saying here. This is okay. It's okay that this failed if the gap rates good. What you want to see is that it doesn't fail overall in the chart which it didn't. This is target. This is the option again. Let's see then. Go ahead. That's another thing. Go ahead. When it goes against you your option will lose value. I mean I know it's for a short period of time but then it's sometimes. Go ahead. It's a little scary to look that you're down so much from your price. Yeah. In the option. Like give me an example. Like if it would okay it was worth 60 cents now it's worth 20 or you know now you're like oh wow then it has to go that much further. Yes. Which will you will depend if the chart still looks okay and if you still have time in it or not. But as I was telling Gala had you got to kill these when you're down half. So for example if you would be at 60 cents and if you were down under 30 I would kill it. I would just kill it. I would just get out okay. So that will help your money management better. Cause usually these ones I'm calling are going right into the money or they aren't working and it's almost like a sign okay. But if it pulls back a little bit you take more. Actually I had him add more when this was starting to work and that was rare but we had a slow week last week and I wanted him to do well and I thought this could drop and break and go to this number here on Friday and I wanted him to have a good day. He had a good day today. But don't do that on your own. But anyways going back to this here I'd kill him if they're down half and as far as the rallying back it might move against you a little bit but there's nothing wrong with that. This isn't very volatile. Google, Amazon, those go shoo, woo, doo, doo, doo. You could be downing it and then all of a sudden you could be up three times a day one day. So that is, this is different and this is why also I haven't been really calling hardly any puts. Cause this has not been as volatile as the other ones. So anyways he made a dollar 10. So if your cost was 60 cents and you made a dollar 10, how much would your profit have been? Get your calculator figured out. Dollar 10 minus 60 cents is what? Oh my God. He has a Radio Shack calculator which is as old as mine. Mine is a Texas instrument from like 1985. Actually mine might be older than yours but it's not, it's pretty close. Radio Shack, I'm not even in business anymore but there used to be a radio shack here in my house. I'm gonna take a picture of that calculator and put it in an email. A dollar 10 minus 60 cents. Okay, 50 cents. It's 50 cents. So if you had 10 contracts at 50 cents, how much would you have made? Well 10, I'm sorry, yeah, 10 contracts. 500? No. 10 contracts is 1,000 shares. Times 50 cents. Here I'm gonna answer Suzanne's question while you're figuring that out on that calculator from 1982. If TSN hit 62 dollars, will that consider retest airing go short? Okay, let me answer Suzanne's question here. How are you making out? You're gonna be out of the trade before you figure out how much you've made of it. No, not 500 shares. Times 50 cents is why 100, yeah. Okay, that's all right. We'll go over it then more. Here but this looks good. Now Sue is asking a good, good question. She was saying if, oh TSN, I'm sorry, I had the wrong chart up. I'm just talking about TSN not target. We're flipping back and forth here. If TSN goes back to 62, do you wanna reshort it? Is that what you're saying? I would not. I would not personally. That's totally up to you. Does anyone wanna guess why?