Okay, let me know if everybody can see the slide. I almost said good morning. Good morning. Good afternoon. Good evening. I don't know what time it is. I've been inside in quarantine for seven weeks. Every day is the same. Anyways, welcome everyone. How's everyone doing today?  And tonight we're going to talk about how you can earn a living trading right from home. So for those of you that have never heard of me before, excuse me, I created my own strategy. Gosh, it was a long time ago now, 12 years ago. And I've been doing nothing but this ever since. So I do use my strategy for day trades and I also use my strategy for options. But it's the same strategy, okay, either way. So it's on gaps. So I'm going to go over this here tonight, talk a little bit. If you have questions, you can put them in the room. All right. And if you'd like to call me, you can call me at 929-3200 gap or email me at Melissa at thestockswish.com. Okay. All right. So that are here. I don't know. Some of you may be training. I do see some familiar names. Some of you have maybe new to the market, but it's funny because once you get the market bug, I don't think it ever gets away from you. You've only got really two choices. You either get bit by the market bug and then you start trading and then you're involved with the market pretty much the rest of your life or excuse me, or you eventually will find your way into it at some point because it will bug you and bug you and bug you until you actually then just say, I'm going to jump into this. I'm going to do it. So bottom line is for those of you that are thinking about trading, it's a good time to start. Okay. It's earning season. Thanks, Kathy. Yeah. I actually, I just was, I was coughing, but I'm fine. And again, if anyone has any questions, just type them in the room. And I apologize that I'm coughing. So if the market bug has you, then you probably are ready to start making money trading. And when I started out, I was just doing this and I was back and forth making money and losing until I created my own system. Okay. So it's not like everybody wakes up one morning decides they want to trade and then makes money. And a lot of times what happens is people will do something, follow someone, take a trade from some newsletter online or a free webinar or free trading room trial, make money and then think they know how to trade. Actually, trading takes a very, a very thoughtful process. For me, I get up very early in the morning and I go through my process. It's a checklist that I go through each morning. It is a very thoughtful process that I do hours before the market opens. And that, so it's not taking potshots. It's not gambling. Okay. And again, I've been doing this a long time. So for me, it's easy, but if you're new, it definitely takes learning and a skill. And you can make money in the US stock market. One of the reasons why a lot of people from a lot of different countries want to trade the market in the US is because of the fact that the US market has volume and volatility. Not every market does. And there are also companies that I trade that are well-known companies. You've heard of them before. Apple, Amazon, Tesla, Boeing, things that you would know and you would be familiar with. Okay. But the question is how can you make money in the market and how can you do it? And again, for me, I really think a lot of it has to do with consistency. Okay. It's a consistency over and over and over again that I am constantly going after the same thing that I'm looking for, but it's in different stocks. Okay. But it's pattern recognition. And it's really based on technical analysis. So for those of you that don't know what technical analysis is, it's looking at a chart. It's reading a chart and it's going through and finding the gaps. I'm going to go over once we get to some charts here what a gap is. But it's a system and a strategy that I use on a consistent basis that allows me to be able to make money. I don't veer off of it. I never change what I'm doing. I do the same thing almost like a robot every day, but I apply it to different stocks. Okay. And I also tend to mainly want to short. Okay. So I'm mostly short. I will go long, but most of the trades that I do are to the downside. Okay. Any questions here so far? Okay. So trading for me, like I said, is fun and easy because I'm very confident what I do. Of course, I would be, I invented my own system. And actually every month when I do my class, it just continues to strengthen my own confidence and conviction of my system.  Again, like if you were playing a sport, the more you golf, for example, the better a golfer you are. It's doing it over and over and over again. And as you continue to do it over and over again, you make money and gain your confidence level, which helps you make more money. I call it conviction. It's all together. It's confidence and conviction. Okay. Any questions here so far? Okay. Anyways, for me, it's just something that I'm doing over and over. But for you, if you've not been successful, if you've had very limited success or you haven't had any success in the market, you know, you really have to take a step back, look at what you're doing, and maybe what you're doing just flat out doesn't work, or maybe there is no strategy at all. You can be successful trading, but you have to find those special keys to unlock that success. And it really has a lot to do the strategy. And you have to learn it. And then not only that, you have to apply it day after day consistently. So what I do works in any market. And right now, the market has been extremely chomping. Market's been trading in a tight range for the last month, really the last two weeks. JD, what is your question? You lost me there. You can use my system for swing trades, but I don't do swing trades. I do options because they have a fixed risk. So the difference between just taking 100 shares and holding it in overnight versus an option is that with an option you have a fixed risk, you can't lose any more than the cost of the option. And with a swing trade, you can lose an unlimited amount. I don't know if that answers your question or not. It looks like it kind of cut off there. Does that answer it? So again, the strategy that I use is based on stocks gapping, okay? So you can unlock the keys to your personal profit potential in the market, but you have to do something that works. And you have to have a strategy. A lot of people change what they're doing every other day. Some people go long and short the same stock on the same day. What's the strategy there? Zero, zip, nothing, okay? And again, in this type of market, you really have to know what you're doing in order to make money. And I credit myself to that because I've just stayed right on top of some of the things that we've been doing over and over and over again, just not letting up. And I've been right. So you have to learn a strategy. My strategy is gaps. Gap trading is where the real money moves and momentum of the market take home. Trading gaps makes it possible to trade for a living. So a gap is a difference between the close and the open. That is what a gap is. That's all that it is. Now, does every gap that occurs in the market or in stocks work to play? No, okay? So I've invented, again, 12 years ago, a system where I qualify them to determine if a gap is going to move, if it's going to have any volume, momentum on a live day, if it's going to have a big move, and also, is it going to move up or is it going to move down? Okay? Because that is an important part because how do you make money in the market? If something rallies, you have to be long. If something drops, then you have to be short, okay? So it's the focus on the one strategy. Again, doesn't matter whether you do an options or a day trades. And I will show you some options and day trades we did in the last two weeks here in this class. It's neither here nor there about how you would take the trade because an option trade is just a one way to do a trade. You don't need margin to do options trades, okay? But I don't do any swing trades because I feel like there is unlimited risk for that. So anyways, getting back to what I was saying, one quality strategy is all you need to pay yourself on a regular basis. And it's the consistency, really. And most of the time I'm trading just in the morning, okay? So it's between 9.30 and 10 a.m. Eastern time that you'd be looking for that time of the day to trade if you wanted to trade with me. Having one powerful strategy that pays you will open up your eyes to the true profit potential of the market. I think what's really interesting is a lot of the people that are with me, particularly this year, have really seen some of the moves that some of these stocks have had. And I mean, Tesla was one of them earlier in the year. Things can go far greater than you think that they can, up or down. And just because you have a small account doesn't mean you can't make a lot of money. It doesn't mean that every trade you take is going to be huge or go to the dream target. Most of the days you're just chunking it out. But you will have those trades that go big. And the market can offer you a real lifelong career if you have a strategy that makes money consistently.  Now, what is a professional gap? A professional gap is a gap that moves in the direction that the gap is happening. It is called a professional gap because professional traders and investors are making and creating the gap, not retail traders, okay? There is a difference. Particularly right now in this market, again in the last week, you have not had institutional money moving this market either way up or down. It has been, it's been moved, baby moves, it's not going anywhere at all. We've been sidelined because retail traders are the only ones that are making these gaps. We've had no momentum hardly in the market. When I say market, I'm talking about the spy. That's the index I typically watch. Market vendor, your question is stuck if you're typing something. And Kimberly, I don't know he, we're trying to private message, but there's nobody here named Ravi. You can't talk to people in the room. The only person you could talk to is me. It's the same way in the trading room. I'm in charge. I only see all the comments and it's really just to have the focus in the room. And I'm the teacher. I'm the one in charge of calling the trades and answering the questions. I've been in rooms before when I first started trading in 2008. People have political discussions. It's really a disaster. So I've closed off the room when I started the business for the purposes of focus because the only focus we really have in the trading room is making money. And then sometimes I teach after the fact. But market vendor, your question is stuck. I don't know if Kathy, you can, you can help him. Anyways, in the case of a bullish gap, professionals are buying the stock. Therefore, the stock moves higher on the trading day. In the case of a bearish gap, professionals are shorting the stock. Therefore, the stock moves lower on the trading day. Again, is every gap down going to sell off? No. Is every gap up going to move higher? No. Okay. Quite frankly, in fact, lately it's been the opposite in some of the things. But I name my gap rating system the golden gap for a reason. It's like finding gold in the market because it has high odds of working. Everything when you do in trading is high odds. That's why you have to take a fixed risk. You can't just risk your whole account in a trade. What if you have $5,000 in your account? You can't risk that whole $5,000 in a trade. Every trade I take is based on assessing the risk. High odds or low odds. And I say, I don't want to take any low odds trades. So I say, does this have high odds? If it does, then I do it. So I have a 26-point rating system. 20 is the cutoff. 20 points or more, I say this is high odds. Under 20, low odds. So guess what? I don't do it. So golden gaps is 20 points or more on the 26-point scale. There are gaps that have a high odds of working on the day in the correct direction of the gap with a large momentum move. And by high odds, again, I mean an 80% win ratio. And this is across the board with the day trades or the options. Same system again, okay? Okay, I thought you had a question, Market Bender. Very good. Thanks, Kathy. Anyways, getting back to odds. Anything you can do to put the odds in your favor to trade will give you an edge because there's tons and tons of people that are trading the market at any given day. Okay? So you have to have an edge. What is my edge? My edge is I have a rating system that I prepare and use in the pre-market before I ever do any trades at all. I know exactly what I want to do in the pre-market before 9.30 every day. And if I don't like anything, I'm not trading. So I know my trades in the morning early. That is an edge for sure. Most day traders don't even decide what they're doing till after 10 o'clock or after the open. Secondly, I also am really good at reading the open. First 30 minutes of the day, particularly the first five minutes of the day. So I can read a chart very well in the one minute, which is again, very aggressive, but that's something that gives me an edge, okay? And three, I trade gaps, which gives me an edge too. Many people don't understand gaps. Many people that train don't, many people that are in the market that see money don't, many people that teach don't, or they teach the opposite of what they're supposed to be doing with gaps. I don't know why it is, but when I first started out and I was trading, I'll tell you this story really quickly, I made a lot of money one day with a gap. I didn't know what I was doing, but I said, wow, there's something to this. And then I tried to find and see what was out there on gaps that I could take a class myself. This is before I even taught myself anything that I do right now.  It made no sense. It was just dumb. And that's why then I realized I had to figure out something myself. It was a process that took about three years, but even today, 12 years later, there is nothing out there about gaps that is quality with the exception of my system. And I will say that full throttle. I just think that people find gaps complicated. They don't understand them. And particularly because of the way they have big moves, people find them scary and therefore then they shy away from them. But if you know what to do, they can be extremely profitable. And not only that, the probability, again, because we're looking for high odds, is something that you have to, you have to take advantage of. Because on any given day, all hundreds of thousands of stocks that trade in the market, most things will move with the overall market. So the reality is that unless you know how to read the market, if you have to have the market to get a move in a stock, and this isn't even just trend trading. This is just in general things move with the market in any given day. If you can't pinpoint and predict the direction the market's going to go on that particular day, like today and Monday, then you're losing. And it's very difficult to trade. And it's very choppy then, and you're basically scalping. So I'm trying to find things that don't need the market. Okay, for example, today, the market rally. And we've shorted UA. I don't have the trade in here. But that was one of the trades today. And it worked. And it had zero to do with the market. So the high probability is a very important piece of my system and the fact that you don't need the market to use my system. Okay. But the high probability is the quality and detail in the rating system. Again, I'm doing this in the pre market. 26 points is an enormous amount of detail. And that's why I get up early. It takes about five to 10 minutes to rate one gap. If you're new, for me, I can do it faster. But I do take my time. I don't like to rush it. Okay. Now this was back on the six. What is today? It was last week, I guess. Yeah. Today's May 11th. Yeah, this was last week. This is Boeing. See this little guy here? So what is a gap? This is a daily chart of Boeing. A gap is a difference between the close and the open. So Boeing closed here, open here. So it closed at a different price at an open. And that's a gap. This also gap down closed here, gap down open, dropped. So this doesn't even look like much probably to you. But it actually was a really nice trade. So what did we do? And again, this is a day in trade. Okay. Entry is 125.75. Stop was not small, but this stock can move a lot. 127.25. Sheriff's was 1500. Risk 22.50. Then we add in to the position. Again, plain momentum. Take it on down. This was a short. Okay, the bar is red. It was a short. It got down and we shorted it and then dropped. Exit was 121.40. And you say, wow, that's a lot of money. Yes, it is. This is a day trade. $9,690. How? Because 3,000 shares was the position and the stock moved. So the average price of the position was around 124 and change.  Boeing is in a great example of a stock. In fact, we shorted this today. We did another trade in this today. Boeing is a great example of a stock that has big moves. Okay. So we want to trade stocks that have big moves. And we want to trade stocks that move at all. And we want to trade stocks that have volume too. Okay. Now, I get this question a lot. Well, 3,000 shares. You don't need to take 3,000 shares. You could have taken 300 shares. You could have taken 200 shares. It's still a profitable trade. In order to get up to this point to work up to this sizing, obviously, you have to have the account size to do it. But you can trade my system with a small account. Your position sizes would be smaller. I'm pointing this out because to me, this is common sense. But a lot of people, I don't know why they think it's not common sense. And I've been putting in the emails, excuse me, beginner examples for people to see, but I don't know if that really comes across to people. It's the idea of the potential that when you have a small account, again, say $2,500 that you take it and you build it to five, then you have an account that's five, then you build it to 10, then you have an account with 10, then you build it to 20. One of the traders, actually I haven't talked to her for a while, but about a couple weeks ago, she started out the year with a hundred grand and she has made $400,000 this year. Again, in the first four months of the year. So you take an account and you build it and you grow it. And that's how you do it. And as you're going on along the way, you're learning as well with me in the room. Okay. Market vendor is pointing out exactly. No, you did not need $375,000 to make this trade. So before I answer this question, does anyone here want to explain to market vendor why you didn't need $375,000 to make this trade? Is that, let's see if anyone knows. This is not an options trade. This is a day tree. Chate, I see you here. Chate is not a student of the class, but Chate's on the options letter. Kimberly, you're following me for a while. Tell market vendor why he didn't need $375,000 to take this trade. Vito, you've been following me forever too. JD. So come on, some of you have to know this. Some of you have been following me way too long. And if you can't answer this question, well, I have a lot more beginners out there than I thought that I did. Nobody's even guessing. Am I talking to myself? Nobody wants to say the answer. They're afraid they're going to be wrong. Learn something. Kimberly got it. JD's writing. Chate says, what's the question? Chate, you stinker.  All right, here. Okay, I'm going to take 1, 2, 4, 63 times $3,000. Market vendor, are you listening? This is where market vendor was coming up with around roughly $375. But the exact, exact is $373,890. Now, Kimberly got it. She was the first one though. She gets a clap today. She said margin. Now, sorry, I took this off here. I put this back. So it's called margin. Buying power is different things. Market vendor can Google it, but Kimberly got the answer. Okay? So no, you did not need $373,890 in cash. Every trade that is a day trade or an equity trade is traded on margin. Why? Because we're flat before four o'clock. This trade, I forget exactly when we exited it, but it was well before four o'clock. Now, when you do an option, that is not on margin. This is not an options trade. We will talk about some options trades today, but just so I can clarify, you don't use margin for options. So for example, if this had cost a dollar per contract, I'm just making up to example, that's all that you would pay. Okay? If you've got one contract, it would be $100. Anyways, every day trader that trains uses margin. I thought you meant cash. Yeah, of course, then you do know about margin market vendor. Yes, that's right. So again, there's different types of trading accounts. For example, there's something called a proprietary day trading account. They give 10 to one margin. So how much cash, real cash on 10 to one margin, would you have needed in an account to take this trade around 37,000? That is still a huge amount of profit based on your cash position market vendor. That's right. So you would have made almost 10% of your account in one train. That's huge. And again, if you don't have $37,000 in cash, then you're not taking a 3000 share position. Then you're taking whatever you can afford. If you have, for example, $5,000 in a prop account, guess how much margin you would have at 10 to one 50,000. So let's just figure it out. 50,000 divided by 124.63. You could have taken 400 shares. So if you took 400 shares, and I'm doing this for you, are you listening to me, market vendor? If you did 400 shares, how much money would you have made on this trade? $1,292. Again, this is with a cash position of 5,000, and you would have made 20% on your cash in one trade. You don't need to take 3000 shares. 400 shares of this would have made you 1200 bucks on a $5,000 prop account. That is huge. You trade futures because you don't need a lot of money to trade, but you can make a lot of money with stocks and know you do not need a lot of money. And by the way, anyone that has less than $2,500 or even $5,000 really has no business trading futures or anything else. And that's my professional opinion. You get big moves in stocks. This moved $3. You could have made $1,200 with 400 shares, and that's not a lot of shares, and you would have needed only $5,000 in a prop account to do it. So again, this was a good example because if you have five grand and you can make 20% on your money in one trade in one day, that's huge, and you're not going to make that with futures consistently. So that was a good explanation. Did everybody follow me there? Kimberly got the answer right. Okay. Even the market bender didn't mean cash. It was a good explanation because I'm sure not everybody knew what I meant. And again, maybe I need to explain these things more.  And this has been a very active year, but maybe I need to do some more explanation of that in some of the emails so people understand. But this is why I'm spending an hour with you here today to talk about it. Now, as I was saying, Chates on the options newsletter, I called puts in Boeing today. Okay. I've been calling puts in Boeing. They've been working. So you can trade options and you don't need margin, but you've got to get the timing right. Luckily, that's something that I'm good at as well. You would have had to have the timing right for this trade going back to the daily chart here. Here's this little guy over here. If we shorted this, we had to get the timing right that day. Again, May 6. If we don't get the timing right, say when I call it, boom, this has to drop on May 6. This has to drop even faster than the option. And an option, I've been calling them out one to two weeks, but this has to go immediately in six and a half hours or from whatever time we do it. Do you see? So you have to get the time you write in trading, no matter if it's options or day trades. And you got to get the direction right. So how do I know this? I use, again, the rating system that pinpoints large institutional money. So gaps are created with large institutional money. That's what makes the gap in the first place. Again, sometimes there are big gaps. Sometimes there are baby gaps. That Boeing was a baby gap. It was not a big gap from the close to the open, just so you know. The professional gaps that happen in play out in stocks are formed by one thing and one thing only, large institutional money. Those are the ones I'm going for. Okay. Therefore, you need a way that will help you pick the correct direction to play the gap and then confirm that the large money will flow with it because you have to get that continuation from the open. Otherwise, it doesn't go anywhere and you can't make any money. By having a formula to rate and qualify the gap, you got confirmation and conviction that the large institutional money is on your side and then you play it. Gaps are an event and create a sense of urgency. We got to go right now, whether that's up or down. Thus an action is being forced by participants of the stock, whoever's in it, the longs and the shorts, the buyers and the sellers. And this is why gap trading is incredibly powerful.  Now, this was an option and we'll look at the day chart in a minute. This was April 30th and I called it out from last Friday. This was a nice one. This had followed through from Thursday to Friday and Friday to Monday. This was a fixed cost. So again, we're now we're flipping no margin. Five bucks. That's it. So if you bought 10, it costs $5,000. If you bought 15, it costs 7,500. If you bought one, it costs $500. That's it. Now there isn't a requirement with brokers that you need, I think a minimum of $2,000 to open an options account. So even if you did one of these, you still would have had to have a live account at a broker with a $2,000 minimum. But if you had, you could have made what? One contract. You could have made $600. So that is more than 100% of your cash that you would have made profit and that is a very, very good trade. Again, if you bought 15, if this is your risk and by the way your risk should be the same or close to the same in every trade you take, whether it's options or day trades, it's a consistency. Okay. Anyways, caution. This was five. And that was, that was a good cost for this. I've noticed the price of these puts has dropped, which is good for us. Sold at 11. Profit was $9,000. Again, you don't hold them all to the expiration. When you get the momentum, then you take it and you get it. Now going back here, see this here. So this was the one day here. Then it gap down. I call the trade.  It's close to noon. Then it had boom, had the follow through here. So this was from the 30th to the first, followed through here then once again. So this was a sell off. And again, we bought the puts, which is basically shorting. So this was an option, but called it on this day here. Okay. So this is another way to trade. Again, the Golden Gap system without needy margin. Market Bender doesn't like margin. Then you do options. Okay. Any questions here so far? This was another one. Again, it was a put. It was Mastercard. Same day called it. This was around 11 o'clock. Cost of this was six, which was very reasonable. Shoulded 10.50. 12 contracts was a $7,200 risk. If you bought one, it was $600. Again, you could have made 450 bucks with one contract. That is a good trade. Almost 100% return on your money. Now let's look at the MA chart. Here was the day I called it. Gapped down. Okay. So this is Mastercard. Daily chart. All of these are the daily. So again, this was a put, which was a short doing the system, the same system, but using options. So you can learn the system and apply it however it works for you. And one of the things is if you don't have time to be in the trading room live, be at your computer and do it, say you have to go do other things or say you're working. Now a lot of people are still working from home, but say you are at home. Now you can trade from home, but if you have to go back to an office eventually, options is a good thing to do while you're at the office because you don't have to necessarily be at your computer. When we're doing those day trades like Boeing, you have to pay attention. You have to be there. The options you can put the trade on. You get the email with the trade, you take it when you get the email, and then you just have to watch it and when it moves you get out. But some of them follow through may not be the first day, maybe the second day could be 24 to 48 hours. Could be a couple of days. So you do what works for you as far as the system. Any questions here so far? But for me, I mean I'm just in such a habit of doing this now for so long that I just, it's like hard to explain to somebody except for, this is really all that I do. So I think people make it harder than it is to trade because they jump around too much. They'll try futures, they'll try forex, they'll try options, they'll try day trades, they'll try swing trades, they'll do a million different things in between, they'll do Fibonacci's, they'll do they'll do a lot of different classes that probably totaled the same cost to my class but they'll do several different ones and then never make any money. I think people make trading a lot harder than it is. The benefit of coming to me is you know that you're going to do gaps. You know that is the only thing that we're doing and that's it and then you just say I am going to learn this and then that's the end of the story and I'm not going to do anything else because I think people make it harder for themselves because they try to jump around too much and then as a result of that the consequences are they never really get good at anything. Getting good is extremely important. It makes a difference some days when I'm looking at the market and when I'm looking at 10 different gaps. For me to pinpoint down the exact one to do today and again I'm going to go back to UA we did this morning was a nice move. There was a lot of things to look at today we did the exact right thing so when you really become good at something you have to do that one thing and focus on it. People make it harder than it is to make money in the market because they flip around and I don't know why because they don't they don't they don't make a million dollars in a week they don't make nine thousand dollars risking 200 bucks I mean people have to be realistic again what they can afford 400 shares of something is still a good quality train with profit and and you have to you have to say I want to make this a lifelong career I'm looking at the longevity of this and you say I don't have $37,000 right now to take this position but I do have five or I do have 10 you know I always call everything live in the trading room I always call the entry to stop and the target of the exit when we get out in the trading room yes it's not a rule I don't know what you mean a rule I just I call trades live in the room that's the benefit of being with me in the room daily and I also talk about the market what I think about the market usually before the open but I'm doing an open house this week if anyone wants to come you can email me if you want to come some of you've been following me for a while and you've never signed up and the only reason I can say you've never signed up is what one you don't have the money to pay for my class or two I don't know why you wouldn't sign up so some of you really have to think about what you're doing and why you haven't signed up for some of my classes Kimberly you're one of those people you were gonna do the class six months ago and you never did and if you're here you're you're there's a reason that you're here either something I'm saying resonating with you that makes sense or you don't have the money to sign up yet I don't know but I think that this has been one of those years where people are struggling trading talking about this picture and just looking at this here I mean the market has been so chopping that people are losing and they are continually going after stuff that makes no sense I call it potshots like gambling and for me when I look at the number of trades since January 1st not just the day trades the options too man it has been a hugely active year I don't I don't know why I've done less TV maybe it's you know we're in quarantine nobody's going to the studio but it has been an extremely active year there's been stocks to trade there's been moves to trade there's been things to do but it's not taking potshots it's there's a thoughtful process that goes involved when I look at the market and tell you where the next move the market's gonna make or when I call a trade and say it's long or short and sometimes again you know when you're new and and this is for the new people you may not understand everything that I do but that's the process of learning you know and you just have to have an open mind about it and say I think this girl knows what she's talking about I'm gonna listen to her now here was another one here oh this was the same day I called the 291s a lot of times I'll call a couple strikes we've been doing this in the spine we've been doing this in Boeing we did in the W I can tell somebody's gonna fall from one number to the next number to the next number and then what I do is I get people the option if I'm calling a couple different ones you can take it get out you can take one and get out you can take two and hold them or you can take two get out of one hold the next one and so I've been doing this a lot this year it's particularly this year for the last four months because people can constantly be booking money then so like both of these were the same timing and different strikes but you didn't have to hold them you could have taken them on Thursday got out on Friday you could have taken them both Thursday got out Monday or you could have taken them Thursday got out one Friday one Monday I know one girl in the room she's been taking them getting out and then she's been taking them again and again I don't do that but there's another idea too again it's about chunking it out so cost of this was five dollars sold at ten fifty profit was eighty two fifty again do you have to risk seventy five hundred dollars on this trade no this isn't a margin but you do need this much cash in your account to place the trade at a fifteen contract position but you can buy one and still make money so you could have bought one contract and you could have made five hundred fifty bucks that's a nice trade uh what I'm not what do you mean how do I know you don't know till I put the trade out Kimberly what do you mean you don't you don't know till you get the train like you're not going to know ahead of time and if you're on the options newsletter you don't even know what I'm calling till you get it like whatever happened to be looking at now these ones here I've showed you I did call later in the day but most of them I've called in the morning this was the same one here so I called two different strikes 291 and 290 that was on the 30th now let's talk about another day trade this is different actually let me go here to this let me go here to this this is a daily chart this is twitter so this is a day trade now on this day this was not an option but I did call an option in this too which worked this closed here this got down this was earnings we took a stop in the first trade we lost okay shorted it had the stop in got stopped now that was the tally thing here so this pushed back much more than I anticipated we got stopped I stayed on top of it remember I said this earlier I've been really just squeezing on top of things that I like holding the conviction and the second trade was big so we stayed on top of it took the stop took the loss waited waited waited resorted it got a nice drop in here the tail was what stopped us out so we resorted it at a higher price because you see this here so originally we were in it aggressively got stopped resorted it actually above where the original stop was and then we added I saw the momentum was in dropped beautiful trade again do you need to take this much size in this no the average price of this was 2925 the exit was more than a dollar so if you have a thousand shares then you're making over a thousand bucks if you have 500 shares you're making over 500 bucks and this was not an expensive stock and again here's the day chart and I my my assistant didn't put the twitter put in here but we did a put in this too so the put in this worked boom found through the next day but this was a bearish gap that moved lower anyways you know when you're trading even if you have any kind of comma day a one with a comma let alone two numbers in front of the comma is a really really nice move I have Jackie in here Jackie does the options and the day trades this was last week when we did the mat and the Boeing and the W but Jackie doesn't trade with big risk I think her risk per trade is like 200 bucks so Jackie does not trade with big risk and actually Jackie is one that is doing the options and she's like taking them getting out as soon as she's up retaking them and then getting out of them she's like doing like I'll do one trade and she'll do like two and one or three and one but that's that's what she's doing so you can do that too but anyways she is not taking big risk she is staying trading and she's doing options any questions here so far but you know I again if you're interested in the open house this week email me for the password information seeing results count and some of you might find for a while I think you know that I know what I'm doing and you've been in the room and maybe some of you even have made money in the in the room before and trials are open houses but you yeah I think you have to decide how committed you are to really learning and trading because my my class is $7,000 it's $69.99 for a two-day class right now I'm doing a special we're offering the trading room free to the end of the year so that's a great deal because you could be in the room and get all my day trades for the rest of the year normally it's $500 a month after the class and everyone in the room normally is a student of the class but I mean it's people always just look at it like a fly-by-night thing because they've never seen any longevity and any success in anything they're doing so they're constantly searching once you find something that works you will stop searching and you will understand that you really can do this for months and weeks and days and years I think some people are so short-sighted on trading or the cost of a class like mine because they just they don't believe that it's something that they're going to be able to do forever but in reality it is I mean people always say well why don't you do this and why don't you do bitcoin and why don't you do something else why all I've done throughout the years is take what I know and increase my risk year over year and again like I said earlier I've been more active this year so I'm just doing more trades but using my same system and taking more risk it wouldn't make sense for me to do anything else this is what I do and it works so why do something else when you have something that works there's no reason to do anything else all you have to do is then do more trades or take more risk and that's how you make more money is the difference again between taking a hundred shares and a thousand shares or ten thousand shares you know uh thanks Kathy yeah and Kimberly most of the trades that we take of the cost of the options just so you know most of them are not pricing most of them are probably under seven seven is probably expensive one but we there are trades that are expensive high price stocks that may be out of your range to take google tesla you know some of the ones amazon some of them maybe 35 dollars a share if you can't spend 3500 for one contract you're not doing those those are not ones we do every day and not or even every week but most of the ones we do I mean I'm saying under seven but really probably most of them are five and under just to give you some kind of an idea but I have noticed because there was a period in March where every trade was very expensive I mean the volatility it was that it was when the shit hit the fan and everything was closed and remember we had the 15 day period and then it was the 30 day period the volatility in the market mark was halted every day for that one week it was that I closed the room I said that's it we're taking a week off like things were wild and the cost of everything was insane things have normalized now now again there's a lot of us are still in quarantine but things have normalized for pricing where it's not an astronomical price to take stuff with the volatility and also um you know the market isn't isn't being halted I mean that was a ridiculous week I'll never forget it that it was it was it probably went on for about two weeks and then I said that's it we're taking a just a little break here anyways you can do golden gaps for day trees or options as I said and again if you're interested in the open house this week just email me making money is fun it doesn't bother me when I take a stop because I know the next trade is probably going to work just like the twitter so it's like I look at it I say wait a minute this gap rated well I'm not going to give up on the twitter I know this is going to go patience patience patience and then I hit it again and it's called a retake and again I review that in the class as well but um you know I I know results are important for people and people get that but everybody wants to be unrealistic I think about the timing of things you only have a certain amount of money to trade with whatever that amount of money is and you have to use that money wisely everybody is like that even big funds have a certain amount of money okay so and companies only have a certain amount of money too why do you think that all these companies wanting to take this PPP money they have the certain fixed amount of money and they got to make it work okay so you're no different really than a company than a corporation and a large hedge fund everybody has parameters that they have to work within those parameters and that's how you're going to move forward and that's how you're going to be successful and it is empowering to be successful more than that to be able to work from home I I never thought you know rewind January 2020 that I wouldn't be out of my apartment for the last seven weeks I have not stepped onto the streets of New York City where I live this beautiful fabulous place for more than seven weeks and thank god I can work from home I can't even imagine what it is like for people and actually I have many friends and they're they're you know they're on furlough or they're being laid off and some can do their jobs from home some can't but it's not ideal for people unless you normally work from home so it is very empowering to be able to work for yourself I've never felt so empowered as I have the last few months because in this time of crisis when you're relying on something that is completely out of your control completely out of your your uh your employers control I mean completely out of even out of the government's control I mean this this virus that has taken over the country and taken over the world and things are not back to normal everywhere I know if things were starting to open up nothing's opened up in New York so I mean people I don't know I mean I don't know when this country is going to get back to normal and I really hope at least it is by the end of the summer but it is very empowering to be able to train and work for yourself the market never closed even in those difficult periods when it was halted the market is open and relied on and it's there every day Monday through Friday it opens and it closes and I mean that's saying a lot Kathy works from home too luckily Kathy was there new tickets for a concert it got rescheduled to 2021 my god why why that far out a year gosh I hope things get back to normal July 2021 yikes well well they they said they they have the football schedule out apparently they're going to have games in the fall but I don't know if people are going to be in the stands anyways the golden gap uses a 26 point checklist to train so I get up in the morning I go through the checklist I rate the gap and then as I was saying to JD I call the trades live in the room so I I use this rating system for a purpose it's to find the high probability of directional bias for the entire day in an ideal world okay two big moves in the day again ideally early confirmation of the bias in the mood between 9 30 and 10 am eastern time and precise entries with follow-through and a good risk to reward I'm trying to make one to one if I can take it whether it's a day trade or whether it's an option sometimes or more but that's my goal okay when I'm looking at the target but I'm always looking at the daily chart and I'm using that to analyze that on a large time frame then to make trend decisions on the directional bias for the gap again is it a long or is a short is it a putter is it a call all large traders of every kind look at large time frames make decisions particularly institutional traders and they are in this market okay and I'm trying to make entry decisions then on a small time frame like the one minute so I traded in one minute if you come to the open house this week in the trial you'll see I'm calling trades in a one-minute chart that has a high degree of focus and accuracy but using the daily chart to make decisions for the stock pick it allows for accuracy in the direction and then putting the stop in so I can take several thousand shares okay and get in and get out and again we're usually in a few minutes I'm not in something for six hours during the day even though we we are in trades and we have to be flat by four and talk about the day trades but using the one-minute chart allows for good risk to reward trades with accuracy okay so again what's a good risk to reward one is good you hold it longer you can get two or three four is great sometimes sometimes we do an ad like I was saying an ad means I can see the momentum is coming in and it's going to follow through and I'm not doing that with the options but you could you could actually usually what I'm doing is the the different strikes and to me that's kind of like an ad because we're really still in the same stock uh you know separate train but same stock looking for a bigger move and again I think 50% is good in an option but ideally I'm trying to get them to 100 okay one to one anyways the golden gap strategy uses a rating system which pinpoints opportunity for you to enter before the big move happens and again that is the key I'm in aggressively I'm in quick I'm in fast I'm in between 9 30 and 10 a.m like I said I've have it pre-planned in the pre-market what I like to do what I want to do but you do have to use stops like I said with the Twitter that Twitter rally if we hadn't had the stop in we would have been we would have been down an unlimited amount before the stock went and sold off then so you've got to use stops any questions here and I always get this question to think of it like whatever amount that you want to make and back it up so same for example you want to make a thousand dollars a week okay I said then your goal should probably be or you should probably risk about 250 dollars a trade I think that's probably a good a good suggestion that gives you five days you know one or two trades is not going to work out so you risk 250 a train and you're looking to make a thousand bucks a week and that's four grand a month that's good many people are not making a thousand dollars a week trading so I would take your goal and then back it up if you want to make a thousand dollars again your risk needs to be a thousand dollars a trade and you cannot risk a thousand dollars a trade with a five thousand dollar account doesn't matter how much margin you have you would need at least 10,000 ideally 15,000 to risk a thousand dollars a trade okay because again what if the first trade I call like the Twitter has a stop and you have to take the second trade okay so you have to be able to take more than one trade per day even though many trades we do like the UA the UA went immediately okay so anyways you know you have to think about one do you really want to do this like how committed are you like do you really want to trade two why are you doing this you want to make money on the side or do you really want to do this for a career like I knew when I decided to do it that I wanted to do it for a career I was doing mortgages I wanted to get out of the business I wanted a new career like I that was the reason I got into it and I knew that all along that's probably why I really dug my heels into figuring out a system even though it took me three years like I was determined to make it and figure this out I think when you know when you're doing something else that's great you make the transition to to trading full-time but you have to know like I really want to do this and having that attitude like where you're really determined will help you make it it will help you get there because you're going to take it seriously okay and if you're in a certain age in your life where you feel like you should be doing better and this is I mean this is very interesting because I mean who would have thought that you know 14 percent of the people in the United States would be unemployed 14 percent that's crazy but if you're in a certain age in your life where you're not doing as well as you feeling you should be doing and this is pre-covid 19 before this before all of this happened you know you can do something about it but again you have to be serious about it and and I think like people feel often like things are out of their control it's not out of your control it's just a lot of times things happen and people then don't know what to do get confused or are scared to act you do know if you want to do this or not you don't need me to tell you and I don't know if trading is for you or not but you do know if you're bitten by the bug like I said earlier the market bug or not you either are or you aren't it's the level of seriousness that is up to you so you know and what I found you know since I've started the stocks whoosh it's 2012 I've had the business for the last eight years I've I've come in I've come in contact with more people that are not serious about trading than are so that that tells me something in an eight-year period and that's one of the reasons again why many traders fail because they simply are not serious about doing it they they say that they are but they're not really it's the it's not just talk it's about action and it's about really meaning what you say I'm putting some meat and potatoes behind it but anyways in today's world it's just not the same as 25 years ago or even four months ago actually what we think is a secure job today maybe gotten tomorrow no fault of your own okay so look at the world economy and the decisions that lawmakers are making for you kind of scary when you think about that right now this is why people are protesting your rioting do you want to create your own future do you want someone else to determine it you have to determine it for you we can be great employees productive outgoing hardworking and it may not even matter people have filed for unemployment no fault to them Neva Marcus which is the store that I love to shop at just declared bankruptcy last week very sad okay they had to close but you know people can be great employees work hard and in the end the company can't keep you on even with the PPP some people are being laid off because this is going on far too long or far longer than anyone hasn't had anticipated it would back in March if a company has poor management they may fail and it has nothing to do with you or your industry might fail or the time of the circumstances look what's happening the world today and it's nothing to do with you you're a skilled person you have a great mind you can work for yourself in the market yes it does cost money yes it does take a level of determination yes it does take work but you can do it and the sooner that you're better because you can see from this year how things can take a turn and again no fault of yours but this is the world that we live in and the smart people the people that are really getting ahead they don't whine and complain and make excuses they say this is what it is this is what I have to do and they go out and they do it okay you can create your own job security you can be an independent person you can create your own opportunity by taking upon yourself to learn how to trade the market and make money trading that is what I did 12 years ago when the mortgage industry was collapsing in 2007 and 2008 I knew that I had to get out and you know fate fate was that I found out about trading in the market any questions here so far and it is talking about the system the more often you make money on a consistent basis the more confidence you're building yourself and then you get the conviction the confidence it helps you trade well you're making money along the way again I call it chunking it out and that helps you produce positive results it helps you grow your account and and then eventually will help you take more risk okay because even if you said well I have a hundred grand to take this trade are you going to use XYZ amount percentage of an account even if you had a big account you still have to really know what you're doing you know you have to say I know this is going to work okay and again the time is involved with it with the level of understanding helps it's the it's the knowledge that helps you take the risk so how do I how am I able to take big risk in my trades because I believe in the system and I have such a high level of knowledge okay no one would risk 7500 dollars in a trade if they didn't feel it had a high odds of working even someone that had millions of dollars just think about it common sense and it's the same way with someone with a small account it isn't any different the the percentage isn't any different okay if you have knowledge and you have a small account you can take that and you can use it to get ahead anyways you need to have the right attitude and if you do you can make it big anyways my system is called the golden gap I teach a course in it the classes this weekend March no not March March I'm still back in March May 16th and 17th is the class this Saturday and Sunday the purpose of the system is to help you evaluate which gap to trade each morning using a checklist so I go through every morning do do do and I go through the checklist and I do it the golden gap course teaches a strategy on how to trade gaps the course teaches a 26 point rating system to find the best gap to trade each day and the course also teaches students how to play the stock on the day which is the entries and the course teaches students chart analysis and technical analysis on an advanced level it's a complete system go over the system the entries the targets the gaps again I prefer to short although we will go long um oh here was another trade I guess my system put in here this was TSN this was last week this was a putt this was a short this dropped someone's asking Kimberly said how much did it cost this was dirt cheap 45 cents you could have paid for one contract you got to load it up on this you could have loaded up on this with a small risk look at that again 100 return on investment this was here I called it and then it went here JD you love my style of trading some day we have the capital you will join I hope you do I hope you do before I retire because I'm not going to do this forever that I you need to know anyways then this was another trade the QQQ I don't know why my assistant put these at the end oh this was a day trade we did this here shorted it aggressively out of the gate this is really tiny this is a one-minute chart where we shorted the market here and we got the drop we got the sell off this was back I'm going to read this here it looks like 421 it's about two weeks ago again five dollar move size and the move but even if you couldn't take 3000 shares if you took 500 shares you want to make two grand or more if you took a thousand shares again it would have made more than five grand it was a huge huge five dollar plus move okay almost six dollars actually here's the sell-off this is a one-minute chart but it was a gap in the market this closed here this gap down rallying it we did it here's the drop anyways again empower yourself to trade in your own world in your own home in your own apartment wherever you live in the world wherever you work for yourself and it definitely changed my life and it can change your life too and if you're feeling again the the lack of independence people feel right now like the government's taking over tell you take your power back you can earn money for yourself and your family you know and if you want to go out go out so make the time to start trading again options you can do anytime of the day day trades are only in the morning the golden gap system is a 26 point professional bearish gap rating system the purpose of the system is to help you evaluate which gap to trade each morning using a checklist this checklist tells you what to trade when and in what direction the 26 point checklist predicts directional bias in a stock one strategy is all you need to be successful people do too many things and they never get good at anything one of the reasons for my success this is all i do and i'm very good at it but i'm good at it because it's all that i do do you understand it's like one plus one equals two so i know how to reinstitutional money it's how i make the calls class is this weekend may 16th and 17th right before the moral day holiday you'll get in to start trading it's still earning season nine to five is a class eastern time costs the class of 69 99 us dollars email me if you want to sign up and i'm doing an offer through this friday roam free to the end of the year now any questions with anyone let me just say here i know you went a little over thank you for let me do that capy does anyone have any questions does anyone if you're interested in a trial email me um let me just see what if there's anything going on here tonight i don't really see any earnings tonight here that's anything no any questions from anyone thanks capy listen have a great night if you want to come in the room this week email me it's melissa at the stocks wish dot com look at that beautiful picture of new york one of these days the city will be back to life again i'm lucky i have an apartment with huge windows because some of my friends are stuck in little tiny apartments with no light at least i have a lot of light good night everyone have a fabulous night and email me if you have questions about the class or the trial okie doke take care you're welcome


Hey everyone, happy Friday. Today is August 24th. Welcome to this week's video update. Before we jump into the alerts, just one quick announcement. It's not quite ready yet, but we are releasing a new course coming out here pretty soon. I don't want to put a date on it yet because every time I do that ends up being a little bit longer. So pretty soon we have a new course coming out all about trading the VIX, V-I-X, and volatility-related products in ETFs. So it's going to be a good one. Look forward to sharing that with you. Of course, you as pro members will get that automatically loaded into your member's area. No cost, no additional cost, or anything like that. Just adding to the value in your pro membership. So look for that in the coming weeks and look forward to some feedback on that. But for now, let's jump into the alerts for the week starting with the trades we made on Monday. Started out with an opening trade, did a short strangle on Ford slash ZN. So I wanted to discuss this. I had some additional comments in the trade comments on this one because this is a little bit different. What happened was, remember we look at TLT, the corresponding ETF, to get a reading on the applied volatility. Well, when we put this on on 820, the IV percentile was up in the 53 range. So it was nice and juicy, nice and high for selling premium. And then literally within an hour after we put the alert on, the IV started dropping and just continued to drop until it got down to about this level, which is about the 15, 16 level. And the options weren't contracting. The implied volatility wasn't really contracting that much. And it would end up, I talked to TOS and ends up it was just a bad data feed from the exchange. And so we went ahead and kept the trade on. And then just a few days later, implied volatility is so low. It was under 10 on the IV percentile and IV rank. And so we went ahead and took that trade off instead of waiting for the full 50% of max profit. We booked about 20% of max profit, but we went ahead and took that off because it was kind of a strange deal. I've actually never seen it happen quite like that before. So anyway, that's that's what happened there. So if I skip ahead to the ZN close piece, and then I'll go back right here. So on 823, which was yesterday on Thursday, so we put it on Monday, closed it out Thursday, booked a nice profit over 20% of max in just three days. So nice trade. And here's where I mentioned, you know, normally we would hold for at least 30%, somewhere between the 30 and 50%. But I kind of explain that here. So I wanted to touch on that again, just to make sure everyone was clear on that and why we took it off so early, but ended up being a nice winner. And so we'll book it and redeploy that capital somewhere else. So just FYI there. Next trade was an opening trade in Baidu. So we needed a little bit more short delta. So we added a short call vertical in Baidu. And as I mentioned down here at that point, our short delta to theta ratio was at about two to one. So for every $100 of theta, we had about 200 short delta. And that's, that's, that's great. I mean, I think that's a good place to be right here. Remember, we always kind of be one being in that one to one to somewhere in that five to one range. We're at about two to one at this point. And right now, sitting today on Friday, we're about two and a half to one. So right in there as well. But we wanted to add in a little bit of short delta. So Baidu looked like a good candidate. And remember, there's no magic indicator. There's nothing that's going to tell you the directional move of a market. But what we're looking at here is just, you know, Baidu has had after earnings drop significantly and then continue dropping had a little bit of a bounce. And so we just looked at this as a decent point of entry for it to potentially roll back over. You know, that's, that's not saying that it will, there's no probabilities around this. I mean, it's just a directional play. But, but we looked for that kind of a situation when we're adding directional exposure. And in this case, we're looking for some short delta. And so that looked like a good candidate. It's just kind of hanging out pretty close to where we sold it down slightly on the trade, but just looking for some downside to benefit that piece. Next trade was a closing trade in BBY, which is Best Buy. We put on a pre-earnings long call, looking for some upside momentum leading into earnings. Got just that, booked over 30% profit in just seven days. So that was a nice trade. And let's go, let's go ahead and look at the chart of BBY. I think if I remember right, it continued to go even higher. So we would have booked more had we held on longer, but you can't play the hindsight game. So, so we got out here on the 20th. We got in on this day here. So we booked the profit here. And as you can see, the next two days went boom, boom, and Skyrock did even higher. So could have been a massive profit, but you know, you can't, you can't do that. You got to take your profits at your, at your, at your target and, and move on. So nice trade there in BBY. Next trade was a closing adjusting trade in EWZ. So we closed that one set of our short strangles in EWZ, booked over 45% of max profit on that piece of the trade. EWZ continues to stay high as far as implied volatility goes. Still a lot of uncertainty in the Brazilian market, which is why the, the options are expensive, why the implied volatility is so high. So continues to be a good trading vehicle in EWZ. So here's, here's what we have left our September short strangle. You can see prices out here. So it's out of our range, but the reason we haven't made any adjustments yet is because if we take a look at, if we just look at the calls, you can see we still got a lot of premium left in those options. So there's really no reason to adjust at this point. And then with the puts, obviously, you know, they're in the money and, but we'll just continue to hold this. And what we'll end up doing is in September we've got, we've got 28 days to expiration. So most likely, once we get down to around 21 days to expiration, we'll roll that out to October, collect some more credit and continue to manage that, that trade is necessary. A few alerts later, so I'll just go ahead and go over it now. We, we ended up adding to this. So we added a strangle and we did that out in October with 56 days left to expiration. And you can see this is still very centered prices right here. No profit or loss at this point, just waiting for some more time to pass before we do anything on that. So we've got those two pieces, the adjusted strangles in September. And then our other strangle we just put on is in October. Next trade was an opening adjusting trade in EWZ. So here it is. So here's where we entered that new strangle in October. And that's the one I just showed you. Then we've got a closing adjusting trade in oil. So forward slash CL. We closed out one of our short strangles in CL, booked a profit over 50% of max. And then we're still holding our other short strangle, which we did another alert in oil today where we rolled and adjusted that. So let's just go ahead and take a look. In fact, let's go, let's take a look at that roll first. So it was the last trade we made today or the second to last. So what I did is price had breached our upside short strike.  But with just 24 days to expiration in those options, we went ahead and rolled from October to November. Because remember, we don't want to, we don't want to just roll our puts up in October. And then a few days later, we're going to have to roll the entire thing out to November. So we just simultaneously rolled our puts up and rolled out from October to November. So remember in the trading options on futures world, you can't do that role just in one transaction. So it's two separate ones. So we bought back our, the current position, which was the 68 and a half, 60 and a half strikes. And then we sold the new strangle in November and we did that at the 68 and a half and the 67 and a half. So essentially what we did is we rolled our puts, which were at 60 and a half. We rolled those up to 67 and a half. And then we rolled the entire thing from October to November. And this causes a lot of confusion, especially for newer traders, just because it's, you know, it is, it is a little bit of different concept and the fact that you have to do it in two different transactions is a little bit confusing. But just remember, it's the exact same thing as if we were rolling on a stock or ETF, we just have to do it in two separate transactions, which is why we have these, these two separate posted trades here. So, so let's take a look now at CL and take a look at what that looks like. So it's basically, it's almost like a short straddle, right? I mean, these strikes are one point away from each other. If they were the same, that would be considered a straddle. So it's just a very narrow, very narrow strangle. And that's what we like to do when we roll, just keep those strikes the same, collect more credit, give ourselves a little bit more time to collect some theta, and then, and then we'll potentially take this off. Now, if you take a look at where we at, where we're at P and L wise on this oil trade, I mean, we're already, we're up, we're up several thousand dollars on this trade. So as soon as we book this, it'll go into the closed trade section on in your membership here. And then, and you'll see it was, it was a very nice profit. It's, it's currently a very nice profitable trade, but we're just extending duration. I didn't add another strangle here.  Sometimes you'll add another strangle or another piece to the trade. And in this case, we just rolled, and part of the reason is, is if we take a look at oil on the chart is it's kind of where implied volatility is. I mean, if, if Ivy percentile is up above 50, you know, I would have been more inclined to not only roll the way we did, but also add another kind of centered strangle around current price with implied volatility under 50 with the Ivy percentile under 50. Oh, in this case, the Ivy rank is, is 44 Ivy percentiles down at 19. In this case, we're just going to roll and manage the current piece instead of adding. Now, if, if things change and implied volatility spikes up, we will definitely look to be adding another piece to this. So kind of, kind of is a basis of where Ivy levels are. And then where we are with overall capital usage, you know, if, if, if we're looking to put on positions or want more exposure to oil or something like that, that's another reason to add to it. But in this case, we're just going to manage the current piece and, and, and manage it as needed. So again, that's what it looks like. And just waiting for some more time to pass and theta to decay. So let's get back in order here. Sorry, jumping, jumping around a little bit. So here's that closing, adjusting trade in oil. Next trade was an opening trade in CRM. So we open that on 822, which is on Wednesday. And this is a pre earnings long call. So just like we teach in our earnings course, looking for some upside momentum as well as a potential expansion in implied volatility to benefit the trade. As I mentioned, they announced 829. And let's look for about 20% profit on this trade or more. And then we ended up taking that trade off today. So again, I'm going to skip ahead to the trade we made today. And this morning we took that one off and booked almost 50% profit in just a couple of days. So put it on on Wednesday, took it off today on Friday, the 50% profit in just a couple of days.  And hopefully some of you may be waited and got more profit than we did. So that's just part of the game. You got to take your profits when they're there. Sometimes you're going to leave a little bit on the table, but that is just the game you play.  So all the life of a trader. Okay, so next trade was an opening adjusting trade in EWW. So we added a short strangle in EWW in October and still holding our adjusted strangle in SEP. So if we take a look at EWW, you can see implied volatility still staying nice and high. So going back to that oil example where we didn't add another strangle in oil in EWW, we did add another one. And so part of that is implied volatility is nice and high. So it makes sense. If we didn't have a position on it all, it would make sense to put one on and eat EWW. So in this case, we're just simply adding to our current position. And so here's the one we added in October with four contracts. And you can see it's dead centered, implied volatility has gone up a little bit since then. So you can see we're down about 28 bucks, but still very centered. And then our other adjusted strangle, you can see prices kind of hanging out up here near the upper end of our range. So by adding this in, we add to the position where implied volatility is high. And if you click on both of these, you can see it kind of widens our breakevens, gives us a bigger range to move around in, a larger max profit. And so that is why we do it. So just playing the wait and see game in EWW. Next trade was the closing trade in ZN, which is the note that I already went over. Next trade is the closing trade in CRM that I already went over. And then the adjusting trade in oil that I already went over. And lastly, we did another opening adjusting trade in this case in EEM. So very similar to EWW, where we had an adjusted strangle on in September, which is this one here. The price has come out. It's breached our short strike. And the reason I haven't adjusted yet is because we put this on as a fairly tight strangle. In other words, we have the strikes closer to where the money was at the time we put it on. So you're going to give it a little bit more room when your strangle is tighter. And so prices sitting right here between the short strike and between the breakeven. So if we look at just the put, you can see the amount of profit we have left is about 40 bucks. So it would have been okay to adjust this one as well. I'm giving it over the weekend.  So that's where we're waiting on there. But if you had adjusted by rolling these puts up, I wouldn't have an issue with that either. But at this point, we're just going to hold this one. And in this case, we went ahead and added another one. And so you can see this is very centered. And we just added that today. So no, no, no profit or loss at this point. And again, the reason we did this by adding was look the IV percentile, it's at the 65 level. So it's nice and high. If we didn't have an EEM position on already, we would probably be looking to add one. And so in this case, we already had a piece, but we went ahead and added another one as well and started building that position out in October. So we have both the September piece and October. And remember, when the September options get to around 21 days to expiration, then we'll look to roll those out to October or if we're in the profit, we'll go ahead and close it. So we'll see what happens. But that is the game plan. So those are all the alerts. Let's take a look at some of our other positions. We've got a strangle on in 4 slash 6E, which is the Euro. This one is doing nicely, nice and centered. Got some profit here of about $675 out of a potential $1850. So waiting for a little bit more profit before we book this one. I mentioned oil, ES. We've got several pieces in ES here. We've got we've got an iron condor. So let's go ahead and take a look at that first. So that's right here. So you can see the price is hanging out kind of near the upper end of the range, looking for a little downside to benefit that trade. And then we've got a short call vertical, which was previously part of an iron condor. And we held that to keep that short delta in our portfolio. You can see with the strong move up in stocks, prices outside of our range here. So just looking for some downside to get back in. And then same with our long put vertical, which we have on to add some short delta to our account as well. And you can see with the strong move up prices outside the range now, just looking for some downside to benefit that one as well. Gold in gold futures, we have two different strangles on. You can see prices right here kind of hanging out near the upper end of the range on this one. And then we've got our other one, both of these are next October, by the way. And in this one, you can see price, we've got a profit of a little over $300 out of a potential $1,100. So looking for a little bit more profit before we book that one. So you know, the best thing that could happen is gold could play a little ping pong, just kind of bounce around and take one off for a profit and bounce up and take the other one off for a profit. And so of course, that's the perfect world. We'll see what happens. If we need to make adjustments, we will. If not, we may just book those and take the money and run. We'll see what happens. Wheat, we've got an iron condor on in wheat. So you see price right here, need a little bit of upside movement in wheat to benefit that trade. Apple has been a little bit of a thorn in our side. You know, huge move up. Apple has just been super strong to the upside. And so we're looking for a little downside to benefit that. I got a couple questions. Why haven't we done this? We're almost at max loss on this piece. And that's exactly why we haven't done anything on this. You know, if we were to roll, that's just going to give more exposure. Whereas this, you know, we're almost at max loss. So if it continues to rip higher, it's not really going to hurt us much. But if we do get a downside move in Apple, it could benefit us. So we've got a lot of time left in September. We've got 28 days. So we're going to continue to hold this. Again, we put this on in our portfolio to add some short delta to some short bias. And we'll continue to keep that on.  So we'll just continue to watch that and manage. And it's kind of being used as a hedge in our portfolio. We've got to keep that short delta, that short bias when we're selling premium. Same thing in Baidu. We put this on for that short delta. I already mentioned this in the alerts, but just looking for some downside to benefit that piece. Or maybe I didn't mention the alerts. Anyway, we put this on for some more short delta. So just looking for some downside to benefit that. Still well within range. Just waiting for some time to pass and potentially downside movement. DIA, we've got two short call vertical spreads that were previously part of Iron Condors. You can see price has moved slightly out of our range. Just looking for some downside to benefit that. Again, we've continued to hold that for short delta. Kind of sound like a broken record with this short delta. And it seems like we have all this short delta on here. But the reality is, like I said, we're only at about two and a half to one versus our theta. Part of that is because we've got more positions on right now, with just opportunities and different symbols. So our theta numbers are pretty high. But at the same time, we're about two and a half to one on our short delta. So definitely not too much short delta. E-E-M I mentioned, E-W-W I mentioned, E-W-Z I mentioned, FXI. Okay, so this is another position we have on. We've got two butterfly spreads. Here's the put butterfly spread. You can see price is just kind of hanging out here near the upper end of the range. Need some downside and FXI to benefit that. And then the call side we already adjusted. And I got some questions on this because this is kind of a funky looking graph.  So even the peak of the graph is below the zero line. You got to keep in mind when we rolled this call, all we did was we rolled the call from, I think it was it like 44, 45 somewhere in that range, and we rolled it down to the 41 and left the long strikes alone. Well, when you do that, so we booked the profit from that piece and we rolled it up. And by doing that, it's going to make our graph look a little funky. So you almost can't even pay attention to this graph on a butterfly after you adjust that way because it's not going to tell the whole story. It doesn't take into account what you traded the other call that you already closed out. So we're just going to continue to hold this. We're in a positive theta position. You can see 42.66 is where we're trading right now. I'm just above that. And so 42.71. So we're collecting a positive theta of 407 per day. So still beneficial to keep that on. And then as we get closer to expiration, we'll continue to potentially roll this or manage it or just close it out. We'll see what happens. It depends on where price is as we get closer to expiration. But remember, again, we're in September. We've got 28 days. We've got a lot of time. So we're just going to continue to hold that for now. IWM, we've got a couple pieces on here. We've got this short call vertical that we need price to come back down into range on this piece. And then we've also got a full iron condor where you can see price is just kind of hanging out up here. Again, you could use a little bit of downside to benefit that. QQQ. We've got a couple of short call vertical spreads similar to DIA. They were previously part of iron condors. You can see prices right here on the breakeven line. Just looking for a little downside to benefit that. And then Tesla. Tesla, remember, we put this on last week and implied volatility is up near, you know, in the 90s. And it's starting to contract now a little bit. And it's just kind of bounced around, kind of settled down around this 320 area. And you can see because of that contraction implied volatility, we've got a profit now of over 350 bucks. But we've got a max profit of over 1300. So looking for some more profit in this one, hopefully price can kind of continue to stay in a nice steady range. And if implied volatility continues to contract, hopefully we'll book a nice winner there. And lastly, XLK. This is another one we have on for short Delta. And you can see prices just inside the range there. Just looking for that to kind of hold on and stay to the downside to benefit that trade. But remember on these short Delta trades, of course, of course it's going to be a drag when the markets just rip and higher. But remember, you've got to keep that on because if we have a vicious move to the downside, or we just kind of have a little bit of a rollover in the market, you're going to want to have that short Delta on. So just continue to manage that. And everybody have a great weekend. Look forward to another great week of trading next week. Have a good one.