Feb 8th, 2024 Ultra Wealth

Beautiful. That's what I love to hear. So many wealthy individuals. What an incredible day Thursday is here, my friend. I love it. Just so thrilled at how, how well, a lot of you are getting just some of the information and how much participation we're getting. Which is, which is perfect, right? That's obviously the goal. If you want more profits, just put more preparation in and at some point just study and practice and get a good grasp of things, kind of find out what's happening and how it's. How it's going to happen and go from there. So a lot of you have found beautiful bear patterns and bull patterns. And I also love how you're kind of able to interpret. Maybe it goes down, maybe it goes up. Right. Which is beautiful. And that also helped us, or at least, you know, helped me on a trade recently that we all kind of played together. So this one right here, Ntra the terra. And so Brian, this is one that we were talking about a little bit earlier. I know you played this one also. We played it one time, lost and hopped back in. I thought we'll look at that trade in just a second. But this is really like the epitome of like the, the best bear shot pattern. This is definitely my favorite. Essentially, as we continue to talk about this, I know that you're all familiar with gap and goes, right? We've talked about a lot, the gap and go, which is where the bear candle is gapping up. And when you get a really strong gap and go, and then that candle still closes as a bear candle, that's a super, super good, really, really powerful signal. If it goes higher, there are tons and tons of bears squeezed. And we'll continue to talk a little bit more about short squeezes in the next class. But who can see on this particular move. And I'll point to this move with a green arrow here. So once this candle and this candle comes in, other than the gap bears, who else is trapped? And can you see is anyone brave enough to try to mark on my screen who else is trapped using the annotation tool.

All those other bears around the 15th of October.

There you go. Yep, you got it. And so that's what makes that, that pattern really cool. Because if I draw a resistance line, can you all see kind of how like the gap up that occurred? You still had the people that shorted there last time that were really trying again with one last ditch effort. So keep in mind that as you're looking at the charts, just look to the left as well. The more what's that Jason, there's also.

Another gap to the left too. Or is that the one he was pointing at?

Yes, there is. Yeah, exactly. And so now if you kind of go to. I'll draw another straight line. Let's do this with a red line right here. So we draw this with a red line. You might be able. That actually might be a little bit too thick. Let me, let me make it smaller. You might be able to see how there's a double gap action right here. You guys able to see that, how you have this gap down and then when this gap up happens here, that gap, that gap gapped above that bear gap. And so you have like a double support resistance. In Japan, gaps are called windows, and they say that they are windows into future price action. How cool is that? Windows in the future price action. Really like that. Because if you understand gaps good enough, you're able to see where the. You're able to see like what something's about to do. Crazy, right? And the more time you spend with it, just really kind of researching it and just, just studying some charts, I think the better you'll really, really have of just kind of understanding what something's going to do and, and how it's going to play out. Next week we're going to talk about something called fades, right? Understanding when something may or may not fade. And then we're going to go into short squeezes as well and, and earning strategies, especially with, like, how you can start predicting and planning what's going to happen over earnings. But based on this particular chart here, again, this is a really nice bear shat pattern that allowed all these bears from here, here, here, and the gaps in the candles over here to all become trapped almost simultaneously, causing a really, really good push. And then you got a bunch of consolidation over here. And again we get stopped out on one long. So let's just go pull it up so we can kind of see that chart. Because I was really happy with this trade. I really, really enjoyed it and enjoyed how we, how we interacted with it. Okay, so here's the daily chart on nt. And this was the trade that John Alonzo stumbled across from some of his scans. And again, remember, we got wicked in right there pretty much by the penny. And the way I have my stop, I have my stop below this candle and inside the gap. So I got wicked out. I guess the day doesn't matter. I think, I think it was that day, but it could have been that day. But once I got Wicked out of the trade, I was able to see, and I saw the. The hammer. So let's just back up here for a second. Where's the replay? All right, so let's go with Sue. Sue, rate this hammer for me on a 1 to 10. I'd say it's at least a nine.

It's got a little bit of an upper wick.

It's got a nice lower wick. Yeah. What would make it a ten for you? I don't know. Okay, well, if you don't know, then let's make it a 10.

Okay.

Yeah, just because. Yeah, I would say it's a 10. Yeah, I would say it's 10. Just because. So here's again, here's some of the walkthroughs of it. I think we have really just this. The curvature of the trend, right? That pullback that happens. You have tons of bear candles, right? Bear, bear, bear, bear, bear. This blue line support resistance. And then I love how you notice, too, that how this candle does have a little bit of an upper shadow from a sentiment perspective. Jason, why is that a little bit of an upper shadow on a hammer important or why does it make it better? I should say.

I can't tell you. I don't know.

Answer that question, Eric. What do you think?

I think it shows that little bit of sellers came in right at the end.

Yep, exactly. So those sellers are trying to ruin the bull party just right. Right at the end. You know, some sellers, some. They're drunk, right. Have too much tequila, they pop into the party. Right. No one wants them there. Right. The last few minutes. And it just creates a little over the little upper shadow. But I like upper shadows because it still shows that you have some smattering of bears that still need to be shaken out of that position. You still got some people who think that this thing could roll down. And that's. That's why I love those little. Just, you know, little tiny upper shadow. Perfect. And so I did. I love this trade. And, you know, I had tons of bears closing above the tin, all kinds of good patterns. And I just had to get back in because that. That camera.

I like that the wick comes down and tests that. That gap, too.

Yeah. Yes, yes, yes, yes. Me too. This candle being a shaved top candle, we gapped up. And what Jason's referring to on this stock is you guys can see how it retests and pulls back into that gap. So this is a gap that needed to be filled, and there's a stat floating around. The first time I ever heard about gaps being filled was by one of my first teachers, Ann Marie Baines. If anyone's running out of trading books and you need another trading book, it's called the Trading Book by Anne Marie. And it's, it's a hefty read. But she talks about gaps. I think the stat that she throws around is 87% of gaps fill. And what that means truly is the close of the previous candle candle and the price action. Days, weeks, hours, or futures, whatever it is, the price action of the future comes all the way to the close of whatever the gap is. Up or down, doesn't matter, but 87% of gaps fill. So, for example, this gap right here, I know it's small, but let's just go the true or false. True or false. Does the. Does this candle fill that gap through? So are you all kind of able to see that, like how the price actions kind of coming into 86% of gaps? So that, that's a lot. But I think that could help some of you in your trading potentially. If you look at a chart, you go, man, there's a, there's a good chance that this gap is going to fill. Like Google, when I tell you all that this gap's going to fill in Google right on that candle. And I told you by March 18th, and since then, just we're trucking higher.

And guess who took some January 2025 call options based upon that on those red days.

Good job, my dude. This guy, right? Good job. And so the gap fill is going to be win slash if Google gets to 152. So essentially the close, the close of this candle is 115146. So when Google gets there, that will have been the filling of the gap. So some of you had some questions about some gaps. All right, Brian, so since you've been practicing this, true or false, Mr. Jones, this right here is a bear shat pattern on Google.

That is absolutely true. Because the bear candle on the second bear candle does not reach the opening of the first bear candle.

That is correct. And this was a bull shat candle pattern right there on Google. Yep. Yeah. Beautiful. So again, I've already seen Jeff and a few of you play these patterns really nicely. You don't have to look for them every day, but if you just happen to see one, you're like, oh, cool. It's a sprinkle of additional information. Right, fam? But that's really all it is. Just, just a sprinkle. Because in this situation with the red arrows, what the red arrows are telling us is, hey, this is a really nice bullshit pattern. It's a good gap down. But the bulls, man, they fought hard. This is a hard flipping fight. And we know that these gaps, 86% of gaps are going to fill. So it was a gap down. So you're expecting it to. Can probably continue higher. And you have a really, really good line in the sand. And funny enough, wouldn't you. Wouldn't you know it. The same bulls that fought there for that line in the sands, knowing how powerful that bullshit pattern is, look at how they defended that price action right here. So it's okay to get wicks below things, but did we close below that level?

No.

Nope, we did not. And even if you were shorting as a day trade, you're still able to make some day trade money in this wick. On the downside, you know, if you're just day trading and then obviously if you're taking longer positions or if you're selling puts, if you are buying shares or like. Or like Brian, if you're buying call options. Just knowing all this and just being able to see it, even. Even if it's after the fact, that's okay. Because even if it's after the fact, you're still able to really anticipate some price action based on previous movement. So check this out. Let's go back to Spirit Airlines. And this is going to be some. This is gonna be a very, very, very fun move if we close like this today, because Spirit Airlines right now is a bear shat pattern. And this will be a bear candle closing above the 10 EMA. So that could be really, really cool. And then, Eric, do you happen to remember when I was discussing how Spirit Airlines was going to retest and recover from this pattern, do you remember me drawing something like this? And where did it trade? Back into the high of that hammer. So when we were practicing our reversal patterns, remember family? And we got this just this. Another 10 out of 10 hammer. That was a spot where you can begin to watch or buy some shares or day trade or sell some puts or just. Or just really zone in to that particular trade. Now, I didn't. You can't be in everything. But my job, really, if I have a job, is to teach everyone what I see. Because at this stage, it's. It's really easy to me. It's. It's extremely. I see it instantly as soon as I pull up a chart because I spent so much time on the patterns, and then I'm going to take action. That's the other part. So when we're taking action. We're. We're creating our plan based on whatever we see, based on our intelligence, based our information, and then we. We go and we act on that. So, Jason, thank you for sharing your charts with us, my man. And on the WhatsApp group. That's very, very helpful. Love senior charts again. Anyone? Welcome to do that. That's the point. I'm going to study your charts at night when markets are closed. I'm gonna go back and look at everything, look at the trades that you're in, know what trade you're in, understand what trade you're in. Losers. Losers or winners, Post them all. Always happy to just kind of review everything. Hello. Hey, baby girl. All right, sweet. So let me go look at two gaps that I don't think are ever going to fill. They're very recent. Jeremy probably already knows this because he. He follows everything that I do all the time. So, Jeremy, what. What stocks. What are the two stocks that you think I'm about to say are never going to fill their gaps?

Put me on the spot. You definitely. I definitely saw you post one, but I don't remember what it was.

Palantir, wasn't it? Palantir is one. That gap never going to fill. This one, this one here. And. And this one, this one here probably might not ever fill either. So this is another, smaller one. A little bit of a hidden gap. But that one, I don't think that one's ever going to fill. But how. All right, Jeremy, so do me a favor. Let's go back two days ago, three days ago. And I know that you can analyze this gap, and you do great on that gap. And that's not really what I'm looking for. What I'm looking for is, let's say, for example, you looked at Palantir and said, oh, wow, I don't think this gap's ever going to fill your brain. Said it. And then you heard me say it. What would be six ways that you could spend six hours figuring out Palantir to determine how much money you could put into this particular position?

Well.

I would study its previous gaps. Like, there's one right there.

And.

I probably do like a. Can you do a finvis scan for gap? I haven't messed with that too much, but I would also try to find other examples of gaps that didn't fill.

Yeah, I love.

See, like, just try to find the pattern and see, like, I'd be expecting some pullback and try to buy the pullback.

Beautiful.

What else?

All right, some more Challenge some more, some more tidbits. What about the fundamentals? What could you do there?

Oh, like the company fundamentals.

If you want.

So like, like what we were talking about with going big on some trade.

Yeah. Yep.

So, yeah, like, well, it just had, it looks like they just had a good earnings, judging by the green E. But studying that, understanding their market, their customers, all. All that stuff. And potentially I would probably look and look for. Since we're looking forward, I would look back at the previous. Okay, whatever that. Let's whatever their quarter, fiscal quarters. But like, okay, they're. We're in Q1 right now. What happened in the previous years when we went to Q2, Q3, Q4. Am I confident that there's a pattern there enough and that that would to me would correlate with like to the risk that I want to put on that trade?

Love it. Yep. All those things are valuable and all those things are true. And again, remember YouTube, right? Go in, see who the CEO is. You can hear about their future forecast. Does the company make sense to you? All the things they do? Are they getting any cool contracts? Are you family? Are we allowed to listen to earnings calls? Yep. If you bought a hundred shares of it, would you automatically get insider information or company information because you're a shareholder now. Could you go to shareholder meetings? Sue, I don't think you're. You're muted, baby girl. If you're trying to chat. Yeah, no, I didn't know that. Yeah.

Cool.

Yeah. So you're sure you buy a couple shares, you go to shareholder meetings, you listen to earnings calls, you can Google like. And it's fascinating. It's really fascinating because all those things are available to us. And again, the goal of this mentorship, as I said from the very, very first day after we finish, you'll never need another one again. If you do another one again, it's just because you want to, not because you're going to need it. It's going to be out of. Just like I like hanging out with people making money. But it won't be out of need because you start taking some of this information and using it for your future benefit. You should be good to go forever. Right? The patterns, the charts, the analysis never goes away. The process is never going to change. So what I'm going to do is I'm going to show another stock that I don't think is going to fill, and then I'm going to show you a stock that I did say probably will never fail, that did fill. I'm sure. When I was wrong on. And I'm sure what that looks like and how you can start going, oh, okay, cool. Well, you know, not only was news I'm wrong, but here's the cataclysmic events that happen when I'm wrong. And this is how you can start again. Either protecting yourself or investing in some risk protection. But before I move on to the next stock, if this gap never fills, does that mean that if Palantir does this in the next few months, you could do something bullish on it? Maybe. Possibly, potentially. Sure. Okay, so here's another one.

I just.

Go ahead, buddy.

I don't know if I missed something. What makes you. What. What are you looking at that makes you go, this gap is not going to fill?

Same question.

Yep.

Three things. One is stupid. It's experience. So that's. That one's done. Two would be volume and the type of gap that it is. And three is location. And how many people are trapped. So location means if it's. Let's just say the first nice gap in a while or the second nice gap in a while. I think those create good strength. If it just had like nine gaps last week and there's another one that one's probably going to fill if I know that 80% of gaps filled. So really, this is the only other one on Palantir that we have to look at. If you go to the left, you'll see like, that's. You had that one. That's pretty much it. Every gap in this whole section filled all up in here. But when it opened, when this thing opened, you were trapping any bear except this guy. Literally every other bear candle in the entire pattern got trapped at open, not at close, it open. And then this candle got trapped at close. So on one day, it took out a whole previous quarter worth of people. And then this is coming up in a new video soon, but I'll go ahead and tell you all because you're my ultra wealth mentorship. You ready for this? I don't think you're ready for this. Did you know you can blend candle days and stack days on top of each other by doing something like this? Type in two and then click D in the chat. You get two days. So each candle becomes two candles. Fascinating. Then you can do three days and each candle becomes three days. And so I'll do this every now and then. Every now and then. Not a lot every now and then just to see how strong this gap really is. And I'll go through multiple days. There's no reason to type in five days because that's a week. So you can type in four days. And look, look at, look. You see how it's gapping on every time frame? Yeah, yeah. So five days is obviously a week. Six days. Look at the six day, seven days. And then you have eight days. It's gapping on every time frame other than a week and seven and six days. And this gap, Jeremy. I mean, if. Pretend. This is a daily chart.

Bro.

Look at this thing, look at this thing. Boom, bang, shazam. Just, I mean, trap, trap, trap, trap, trap, trap, trap. Volume strong. So Palantir is going to 30. There's no question. That's just, that's just happening. I don't think that gap's over and filled. Um, so that, that by itself is the price of the mentorship right there. Just being able to change time frames. Because how, how, how much does that cost? You just. Yeah, yeah, just click budget, like. Ah, we'll see. Can you do. Every Single candle is two weeks? Yes, you can click 2 and a W. Fascinating. So it just allows you to just scroll through things a little bit quicker just to kind of see some sentiment and just see if there's anything fun that changes or stands out to you. But that's Palantir. The next one is Arm Holdings. This one we'll see about. It's probably gonna be a little bit controversial if it fills or not, but I've just never, I've never seen a stock move this big before, like a big name company in a day. Like, I'm not saying it's not going to go, go down. Me saying a gap is not going to fill doesn't mean it can't do this. I just don't think it's going to go all the way back down to close this one.

Love your sticker. I love your sticker.

This one, it's possible because it's not a gap and go. I don't have as much conviction on this one as I do on Palantir. You do have a lot of people trapped. It's not a gap and go. Or I was a bull candle gapping up, but I'm just. It's about to have bigger volume than the IPO and.

It'S.

I just haven't. I haven't seen a gap like this on a big name company in a very, very, very long time. I can't actually remember the 49%.

Okay.

Unbelievable. So what, what's the, what's the chance that does something like this? I mean, that's like 60%. And then this would be, I don't know, 5% and this is like 1% in my, in my opinion. Just, that's just from experience. But that gap is so strong, man. And it is huge. Like, this volume is incredible. You got Elon Musk right there, you know, so he's going to keep the stock up. Just, just some, just some fascinating stuff. Here's your hourly chart. And so the reason I'm looking at the hourly was because this was the pre market high from earnings. So we broke through that like cheese, cheese and cheese and a knife. So now that resistance. Can you guys see that resistance pre market, that resistance is now going to be a support. So I just don't, I just don't know if ARM has the gusto to trade back down all the way back down to 77. So that's. Those are two, two things I think that at least worth watching now for integrity purposes. Here's last time I said that, not the last time. Here was a gap that I said would probably never fail that did fill. And this is Roblox. And let me just turn my lines off for a second just so we can kind of see a little bit more depth. And here is the gap that I said would never fill. But here's what's important to know on Roblox is even though I was, I eventually became wrong. The way I took this trade is when the stock came back down to the, the support there and we had a strong down day. Do you think I bought calls?

Yeah.

Yep, I did. Now I had a little bit more conviction on Roblox because like Brian's kids, my kid plays Roblox more than I sleep or eat or breathe. And so somehow there's 47 hours in a day and they're all dedicated to Roblox and definitely not homework. So I was like, all right, well, I know how Roblox makes money. Hashtag going broke because of Roblox. I'm joking. I don't spend any money on Roblox, but I always. Well, I do, but I only spend money that I make on Roblox. Number two. It was a great gap. It was the, it was really the first one of its kind. Right, Jeremy, can you see that? Like if you look to the left, there's no real other gap since amazing volume. It was a gap and go. You trapped like five months worth of people. And I was like, nope, never going to fill. And so I made some big proclamations on the Internet. All right? So I took, I bought Some calls, bang made, you know, 70, $80,000. Sweet. Well then, after you make good profit on a trade, a good run up, very similar to Nvidia, what do I do with the profits? I reinvest profits. Once I make profits on a good trade, strong analysis, perfect, obvious. It looks simple to me and to everyone else, we make money, we make profitable trades. What do we do with the profits? We can reinvest just those profits into some positions. Right. So then later, later on Roblox, I, when, when Roblox comes back down to that support and there was some warning signals here, let me shrink this. And I'm keeping the green line so you can just see the, the support. And what really ended up happening on Roblox when that took, when I got taken out is can you all see either a double top or a triple top or something you call whatever you want. There's something up there. It's pretty gnarly. And so I bought calls here again, this time with profits. Knowing that you had a pretty nasty reversal pattern, I was like, man, I sure hope we bounce out of this thing. And we bounce and we came back down and then we bounced. And then what happened? That was it. That candle was the tombstone in the coffin or whatever the, however the term goes. I think it's nail in the coffin, but does that make sense? So on that day, well, we, we closed below the support that held for two and a half months and I had to abandon my campaign. And I sold my call options that I bought with profits for a loss and then I bought some puts because we can make money if the market goes down. I was like, all right, guys, I'm wrong and I'm trapped. My analysis is trapped. Do you think other people are going to have the same feeling?

Yeah.

Yes, they are. Absolutely. And then look at this volume, right? Let's pretend that I don't exist for a second. We close below this volume, how do those people feel? Also trapped. So you have the reversal pattern that we've already, we've started studying these, right? The double top or the triple top. If you pull up the, the 10 EMA. Do you think there's a few 10 EMA trade signals in there? Yeah, there's a few. So you get bull candle below the 10, bull candle below the 10, double top neckline. All these bull candles close below the 10. All these bull candles close with the 10. So you get tons of reversal signals and the support line. That's really what it looks like to me. If a trade's going to go South. So if Palantir does something, it's going to have to do something like this same thing with arm. So I can make the statement it's not going to happen. And really that's just for recording purposes. So I look cool three months from now if it doesn't happen. But the truth is for you, I want you to have the same type of conviction at some stage in your analysis where you go, this is my thing. This is what I'm going to do. Got it? And after you have that, you then begin to do what?

Go in with some size.

Precisely. And then come up with your risk reward ratio. All right, cool. This, this, this, this. But you spend an hour, two hours. And the more time you're spending, the bigger your size can get, the bigger your risk can get, the more comfortable you can be in the position. If it's just a random swing trade that you know, Nancy's post a trade set up, she's like, hey guys, I haven't done any research. I don't know anything going to get in for a day or two. Risk unit. Awesome. Because we like money, like fun. What is, what is Entera ntra? No idea. How much research to do in the company? Zero. I spent, I didn't spend a second. I just pulled up the chart. Oh, cool. Boop. Done. That was it. But when you start having conviction on a company, you learn something about it or you have, you have a position and you're aware and you're smart and you do some research and that's when you can start really getting in. And that's how wealth is made. When you're putting all the components that we're talking about together and we're going to keep, we're going to keep building a case. That's the best part. We haven't even gotten to Elliott Wave yet. Because when I did Elliott Wave on Roblox, I count this as a 1, 2, 3, 4, 5. I was like, woo. And after the fact, after I began to lose, after the double top came in somewhere around here, I was like, oh, I guess that was a 1, 2, 3, 4, 5. But we haven't even gotten delet wave yet. So you start stacking on gaps, trends, moving average, fundamental research, analysis, appropriate risk, pyramiding, averaging in. Right?

Yeah.

That's how wealth is created. There is no wealth like the stock market. And then when we get into options. And we start talking about you, hey, you just made $20,000 that month and you know, your bills are paid, you got some extra income and fantastic. And you're doing your analysis, and you find or you're given a breakout like Nvidia. And you go over to Nvidia and you're like, golly, gee whiz. And at 600 an hour, the money option, right, is worth $3,000. And you're like, all right, well, I got some extra profit. I'm gonna just buy this option because it expires in June, or maybe those are now worth significantly more than $3,000. So you start taking, like, little stabs in the dark, and then you start leveraging it, and it doesn't have to require a lot of money. And then you can 6x a position, and then you start rolling your profits into future positions. I mean, imagine if you made $60,000 four times on Nvidia this year, and it was all profits and you had $200,000 until you took a hundred thousand dollars and put that into a bigger position.

Crazy.

Can it, can it start stacking pretty quick, family? It can. Especially if you're like, oh, cool, this is a really good trade. I'm going to get into a hundred thousand dollars worth of options. And if it goes to zero, eh, it's all profit. Is it going to go to zero? Nah, I have good risk mitigation. Here's all the information. Here's my risk. I'll lose 20,000 if I'm willing. And when you tell your brain that and you just start thinking, if money is just this tool of expansion rather than actually a thing at all, it just helps you elevate so quickly. And then you get that aligned with purpose and conviction and, you know, your values of life and what you're trying to accomplish and the impact and the enrichment you're trying to make in other people's lives while it's your life. Ah, this becomes so fun.

The, the trade with Roblox that you showed that. I mean, now we're looking back at it, it looks just so obvious, right, that it had to go short at that point. Did you see that at that time? And go in with some size?

No, not with. Not with size. And here's the only reason why this will. This will sound funny. I. I don't ever go into puts with size.

I'll.

I'll play them. You know, I'll buy something in my brain. I just, I really do have a hard time just shorting the crap out of things.

Man, you're a perma bull. I mean, I've known that since day one.

Yeah, I. I am. And, you know, it's a good thing Sometimes it's a bad thing, sometimes it's a good thing when market's going up. That's for sure. Yeah, I am, I'm almost, I'm always seeing the kind of, of the rosy color glasses. So I just took a risk on that one, a regular risk. So but I mean I took a $5,000 risk and turned 15k profit. Awesome. And I took that 15k and I transferred it to my son's.

At the.

Time was TD Ameritrade. But you now Charles Schwab. I trans and I bought some Roblox stock and I bought, I bought some at 75 and that was it and just left it alone. So there's those, those shares are still there and I've been adding to those over time. And I've been selling covered calls on those Roblox shares for years, essentially for two years. And though that covered call premium, I've been able to buy more shares of Roblox. Speaking of Roblox, we are in a channel since we're here looking at it and we're above the 100 on the weekly and we are above all the major moving averages and we're trying to break out here. This is a bear candle above the 10 EMA on the weekly chart family. If Roblox breaks all this resistance it's going to 60. And they just had a pretty good earnings. So most of the earnings was me and Brian's kids. Yeah. So you know, and I got a cover call on it right now. It's a, it's a January, 2-23-53. So I got two weeks left and that's going to expire worthless I think. And then I'll just, I'll start selling another one and so on and so forth. So that's Roblox since we're on the chart and it did have a good earnings gap. And you know this. So I'll ask you, since you asked Jeremy, what's the percentage chance this gap right here fills? 0 to 100.

I 80. Wait, what am I looking at? I'm sorry.

86%.

87%.

Yeah, sure, 87%. I like that one. Yeah, I like that one. So that's, that's the minimum. This gap hasn't filled yet. It probably will. And this gap hasn't fully filled yet, believe it or not. So that one also hasn't totally filled. So since this is not the first one at recently, I'll give this one a 98% chance of filling. Right. Quite high, good volume, but it is a double bottom and double bottoms. Love retesting the neckline. And it's a, you know, it's not the first good gap in a while. It's already had a good movement. Right. And we, the, one of the reasons we trade up is because we had a gap up here that we need to fill. So that was, that was one of the reasons we had to go higher because we had to fill this gap and now we got to fill this gap.

Price Action Magnets.

Price Action. What a great. That's a great football team name. Or, or a rap crew. Jason, when you start your rap group, just call it Price Action Magnets on it. All right, so that's what we got on Roblox. And yeah, it did look it. It was conviction enough, Eric, for me to get out of all of my Roblox positions though, right? So I had shares I had called, I got out of everything and then bought puts and it did, it got pretty, it got pretty rough at that point. Okay, so does anyone have questions on how high Mongo Database is going to go? Anyone?

I would love to know.

500 is my target. I mean, earnings is a month away. So just, I guess just hang out until then. My limit cell is 5, 14, 15 present moment. So anywhere in this general vicinity, just enjoy. Now this is the part where obviously it can. It's going to depend on you because we started talking about Mongo Database on this day here specifically. So if you purchased and have any calls, shares you bought, the breakout you bought, whatever however you're in and whatever size you're in, whatever conviction you're in, if you're in this position and you say, oh cool, I'm up enough to. If I'm up enough right now to buy a new X, Y, Z, and I've been waiting and needing a new XYZ for an XYZ period of time, could you do that? And my answer would be yes. You're like, man, me and my husband, me and my wife, we've really been waiting a while to go to Barcelona. I mean, I sure would love a trip to Barcelona with the kids or without the kids, right? If you haven't taken a trip without the kids in a while, you need, you know, Eric doesn't have to worry about that. He's past that. But if you got, you know, if you need nannies, whatever the case is, it's like, if it's enough where you're like, oh, cool, I can do all these things now with this thing. That's, that's when I sell positions. So if that a number happens before 500 or 514, go for it. Obviously, you're going to have to have a pullback, right? We're going to have to have. We're going to have to hold through some type of retracement, and nothing goes straight up right to your target instantly. Although this might.

That's a good time to load up again when. Yeah, it could make it down to 450 again pretty easy, couldn't it?

Yeah, yeah, yeah. 450 is very reasonable. I wouldn't be scared of anything. 440, I mean, that's. That's all this week. You know, the low this week is 425. So you're. You guys are already up 50 a share minimum. So, yeah, there's. I mean, just. I could have made just this trade and be good for the year. I wouldn't have had to do anything else.

Because you went in with that much size.

Sir. But even. Even if you don't, though, right? Even if you don't, even if you're just like, oh, I'll get in with whatever 100 shares, I mean, this is still a $5,000 profit. Like, that's a great. That's a mortgage payment. Like, that's a really nice win. That's a great plan. And there's a lot you can do with five grand, especially if you need to know what it is ahead of time. But it's just all about the study, the application, the. Everything from here to here and piecing all of it together, just really looking for patterns and being a part of mentorship groups like this, that's what helps you build conviction on. In anything. It's just knowing a lot about it, knowing a lot about that instrument. So since the market's still open for 15 minutes, and I know that we want to look at our stocks all the time while we're together. Does anyone else have anything else you're looking at or any questions on anything specific?

I'm just getting itchy to sell some calls on Coin and Carvana. I don't know if that's a good idea or not.

Look at it. Yeah. Corny car. Before we do, this is the swing trade that I have open. I posted this one a while ago, but I'll just refresh your memory. So I'll ask my girl Nancy, Queen bee. So, Nancy, am I putting size conviction into this or is this just a risk unit?

Well, it depends how much research you've done, but I would say it's a risk unit.

Spam. Yep. And that's just because, you know, John posted it, whatever, Tuesday. I was like, awesome, looks great. And that's it. This is the pattern. Now, if, if I wanted to, could I go and study everything about intuitive machines? Right. Absolutely. Sure, I could. Me and Nancy could. I mean, Nancy is an amazing researcher, by the way. If you ever need someone just to research the heck out of something. This chart doesn't specifically look awesome. Right? It. I don't even. I don't even know what this is. It looks like a SPAC Special Acquisition Company. It was all. I have no clue. I mean, not, not pretty, but it sure could pop really fast. So just throw a risk unit in. This is called boredom. This is called just hanging out, having a good time. There's a pattern here. You got money, let's click buttons, go make some stuff happen. Now, Carvana, this is a. This, this is something special for me. I would wait on Carvana a little bit longer, Joe, personally, and that's just because we're getting the double bottom we wanted. So there's a. There's the nice double bottom we broke out of the bear candle yesterday. Volume is increasing. There's nothing at all stopping until 5535 and then earnings are in two weeks. Ish, Tom. So my thoughts on Carvana is if Carvana can get up to 56, which I think it can at that point, 5607 58, we should be able to get into a collar and, or you or whoever else is in this position and you should be able to ride free until earnings pop into a nice 65, 50 march collar and just sail into the sunset. Now, on Coinbase, I would look pretty drastically selling some calls, just see what's down there. I know Jeff and Scott are doing some put sales and some other option strategies down here, which is cool, but you got three bull days in a row. Today's a pretty decent update. 8%. You're going to get a little bit of volatility and earnings are next week, so this one's going to be one. Just kind of depends on your cost basis, if you can find a good caller. And I know you're a pro at these. I'd probably go 115 or lower on the put option because if it gaps below there, that's where everyone's going to get just absolutely murdered. And for me, I'm doing the 150 covered call on Coinbase. I was talking to Scott and Jeff about that yesterday and that's what I'll be comfortable with. But if you can buy a put that's closer to your cost basis and you can still make a net profit on the collar. I would do that. And also Ms. Joe if you're just cool just to hang on and chill and let it do its thing.

Thank you.

I'm going to buy some chairs and let it ride. What are you buying to close your Tesla put sales. Are they profitable yet or you leave them alone. What's your plans?

Yeah, they closed this morning.

You close them out, you rich woman. Well done, Joe.

Killing it was at 81 I think is what it worked out to.

Yep. Great job. Okay so Joe has got her put sale money in. I love it. What about your Google?

I don't have anything on Google right now. I haven't shown a lot of premium yet so none just have the shares.

So just waiting it out.

Just the shares. Yeah.

Awesome. I love it. Anyone else? Eric. What you in Big Dog? Other than the.

Yeah. Today was a nothing happened at the SPX today. It's an inside day so I screwed on for a little bit and then I walked away. Put it that way. I I'm in shop qcom Google couple all everything was up. Everything's up that I that I'm in. Except Noi and Sophie. Those are my two. Like should I just cut them loose or should I stay in and let's.

Look at hang out real quick. So Eric, walk me through this. Is this a a gap and go yes or yes.

Yep. That's a good one.

Is that a first bear candle closing above the 10 EMA? Yep. Is that an inside candle? Yep. Is that a beautiful pop right here?

It is. It's beautiful. And I wrote it and I'm in profit and I'm wondering if like take the money out and be done or see if it's gonna get up to I don't know 150 again the good question.

This is going to come down to time frames. 150 will happen on Shopify. Letting you know that that might it probably my estimation two years, two and a half years. Okay. Kind of, you know so that just depends on your time frame before you got into it.

Right.

But yeah that's going to happen. It's not even not a matter of if.

So I'm up 14% in a week or less than a week. So that's good on that stock. And so my question is get your 14 take it out, go into something else. Right. Run it. Run all these little when they're doing their thing or just plug it in and just let it sit. I don't want to wait two years for it to go to 160. I mean, I could, but might be better to use that money for something else. Right. Make 14 again in a week.

Of course, I will let you make that call, my man.

Okay.

Every trade that you get into, just know that that's going to be your ultimate decision at some stage. Yeah. Take gains or hold again. Research, study, conviction, pre or post for, you know, for your options. Also, the more you study covered calls and collars. We're going to get into that a lot in month four, obviously. And there's tons of videos on it now as well, but. And I can have a session with you. Anytime you guys want a session about winning things, let me know. But you could always get into a caller ahead of time. Buy some 75 puts and sell some hundred covered calls for march and protect yourself and let it ride into the sunset. And then two earnings due. Yeah. Before you do anything crazy, what was Nio.

N I o?

Neo. Gotcha. Okay. Neo. So I played a Neo position. So this is how I played it. I bought. I bought shares here. And as soon as I bought shares, I instantly bought these puts because I've never made Neo in my life, ever. Not once. And I still play it. So as soon as I bought shares, I bought puts. And then those puts are going to get exercise. If I was in on Neo with you, which I am, and if we went below this candle, I would bail and just get out.

Okay.

Because it's. It's a dog. Dog with fleas.

Yeah. We got a little bit of inside candle stuff. If it breaks above that other one, there's not a lot of trap people there. I guess there's a gap to fill.

Yeah.

Or not in the other chart.

Yeah, yeah, sure. It needs a pop here. If it doesn't, it's going to keep getting punched.

Okay. And it might. It's got to probably fill that gap below it anyways.

Right? Yeah. Well, yeah. Agreed. Agreed.

Thank you.

Agreed. And then Sophie, for Sophie, just. Just watch this. This little price action right here. Nice little support. You're above the hundred. So this is. I would call it. Let me do it in orange. I'd call this like a little bit of a warning zone probably right here. Just like, all right, you know, maybe. Maybe buy a put, maybe protect it. It's probably the best position in the world. Anything below here is going to be not awesome. That's the 100 on the weekly. That's its last. That's his last hope. And Prayer. If in the next, I would say three weeks if we close below the low of this candle, that's also not going to best signal. So it needs, it needs a little bit more love in his life, Sophie. And maybe it starts to press up a little bit higher but I think it's just going to chop around, trade size for a bit.

Sure.

Yeah.

Yeah. All right. Yeah. I just need to make the call on when I'm bailing on them or if I just keep my position for a while and watch it set a stop loss and sure figure it out.

Love it. Of course, my brother. Anything else? Anyone else looking? Anything specific? Scott?

Jeremy, can you look at Weight Watchers because it finally is starting to move.

It is starting to move off of 378. I bet you bought some at 378, didn't you?

Not quite that low. I was buying positions but then I got the max I was going to spend with the zero.

Absolutely zero.

Nice.

But now I'm just waiting for the upswing. Probably sell it in the sixes somewhere.

You're so cool. Yeah, it was funny you mentioned it. This is the spot that needs to bounce. This, this is it. This is the exact support that I have. Look at this family. I mean it is. If it doesn't bounce here, it's toasty moy. And so your stop loss which was once 0 could now I think probably got brought up to 3 or 350 and just like you said, let it self in the sixes and well done, Nancy. Good trade. A little R unit increase right there. Awesome work.

Yep, thanks.

You're my pleasure. Scott. I just had a quick question on bitcoin. It's risen like $6,000. Should I, you think it's going to retest back down a little bit and get out while it's high or hold Bitcoin until 70,000 and preferably buy a little bit more. That be. That'd be my. I, I, I didn't know if it was going to retest them and sell. Reinvest the profits back in. Ah, just hold that one, man. It could but just buy, buy more. If it pulls back to 44, 000.

I have, I have been buying a thousand dollars on bitcoin every single day that it's red. That's how I've been playing it since it started dumping after it hit 70 or 49 or whatever it hit a couple weeks back.

Yep. One thing, one thing I have learned, Scott. Bitcoin is a fickle little master to sell and to reinvest. And sell and reinvest. It's. It's a unique challenge, what I do. And this is my. My experience, my. My opinion. Buy, buy, buy, buy, buy, buy, buy forever. And then when it pops as a huge move, sell a giant chunk and then go buy whatever you want. And then. And then when slash. If it has another dip, then you can start that process again because you'll. When your friends from high school reach out to you, Scott, and they're like, have you heard of this bitcoin? That's when you should sell. Right? When a bunch of the elite guys start talking about bitcoin and they start sending you all the. All the bitcoin mining investing projects in Costa Rica, that's when you know you can sell. Okay, until then, until everyone starts talking about crypto again, just keep holding it, because we're going to go back up to the 60s without question. 60, 65, 67. And Bitcoin will be hitting a hundred thousand. That's not even a, like, oh, there's no. A hundred thousand a coin. Yes, it'll hit a hundred thousand. Probably 2026 at the latest. 2025 at the earliest. And there's a lot of banking issues right now. There's still some more banks out there that are slowly collapsing, and just no one cares. So New York City Bancorp is. Is about to go to zero. If you. And I think you guys all know that I'm not going to be buying this.

So you don't want to repeat the First Republic, huh? You don't want any more First Republic buy.

I'm not gonna redo that one. Nope. So I'm not even going to touch this thing, because I would love to say that they're not going to let another regional bank go to zero, because who's providing the capital for the country? I don't know. But New York City Bancorp is not strong at all, and it could easily just keep trickling back down. This is a big deal. And as banks continue to fail and have terrible earnings and the regional banks just go to zero over and over and over, this will be the fifth one. Bitcoin's gonna go higher because. No. Everyone's losing trust in the US Financial institution right now. Our debt keeps going up, regional banks keep failing. And who owns bitcoin? The world, Everybody. That's it. We all do. Jason, you're bullish on crypto. Is that. Is that true? I heard you're bullish on crypto.

Yeah, I've got. I hold a lot of stuff. I get it. I still get in on a lot of pre sales.

I love it.

Are you guys buying it on Gemini or Coinbase or what?

Coinbase.

Coinbase.

Did you mean seeing my referral links? We can both get $10 free bitcoin.

Send it.

I got.

I got into private group to get access to a lot of the pre sales. Been doing that since 2017.

Yeah, yeah, you're. You're. You're a dirty guy, bro. You need to go take a shower. Got to do it. Got to do it. Those private groups, one of the best assets you can ever buy, Jeremy, is what, A ticket into the room?

Yes. I was gna say something similar, but yeah, yeah, yeah. I was say investing in yourself, but yeah, pre.

Pretty exactly.

Yep.

Take it into the room. You buy those bad boys and. And you get into rooms like this and you meet all these amazing people. So again, I know you know this, but guess what? Your homework is until Monday. And I'm included in this homework. Reach out to somebody in this group. Talk to him on the phone. That's it. Just call someone from this group. Hey, tell me all about you. How's life? What's new? Who are you? Are you up to? How much money are we going to make together? What. What. What deals are we doing? Just reach out to somebody. Learn who. Everyone in here is amazing. I know all of you very well, some of you better than others and. But I. I want to keep knowing you. So I'll be reaching out. Some of you here, you can reach out to me. That can be part of your homework. Reach out to someone else. Just call people. That's your homework. This weekend. Next. This upcoming Monday, we're talking about fades. Fades? What are fades? Other than a cool haircut that Scott's gets? That's what we're going to talk about. Love you, team. Have a great weekend. You're the best.

Thank you.