Ultra Wealth 3 25 2024 Review and group study
Group session (YouTube video 'Ultra Wealth 3 25 2024 Review and group study') led by Jerremy Newsome with participants Garrett, Eric, Joe, Scott, Jeremy and Sue. The group discusses trading coordination (shared WhatsApp/TradingView charts), specific trade ideas, and multi-timeframe Elliott wave analysis on stocks including Chevron, Google (GOOG), Lululemon (LULU), Celsius, AMD, Nvidia, Apple, Qualcomm, Intel, CLDX and others. Topics include gap-and-go day trades, swing trading vs day trading, pyramiding entries, covered calls and puts, planning losses ahead of time, and using scans to find high-probability setups. Practical examples and specific levels (e.g., Google 150/155 calls, Lulu 360 moving-average support, Apple 165 target) are discussed alongside trade psychology and position sizing.
Chapters
There we go.
So something like this. One, two, all this is a three. This is a really big four. Something like that. Because this is some type of wave three right here with all that volume that really, really strong moves. That would have been sweet to own some chevron and those in that area. Here's the monthly chart. Yeah, so in general, good trend. Yeah, man. So chevron, good pick for you. Since we're here, we're talking about it. Garrett, per your request. Here you go, my dude. So this is in. Yeah, this is in our WhatsApp group. So you should all have access to this, and I think you should all be able to edit it as well. So anytime we're doing, like, a trade together that I know for sure, like, hey, I'm gonna be doing this trade. You should all do this trade with us. Whatever. We can post it in here under group trades. So, like when we all played Carvana or Nvidia, it's like, we'll post a chart and any other information in here. If you guys want to post your individual trades, you're more than welcome to. You don't have to, but it's always fun to just look at and see what you're all in. Obviously, where it says chart is where you can just simply post the hyperlink from your trading view. I think all of you know how to do that at this point. So you just post a hyperlink with this. Again, as much or as little information as you want. You all know that if you mark up your charts with text and with arrows and with lines and with all the stuff it will show in your hyperlink. Right. So you will. You will get all of it.
Yeah.
So anyway, just something to consider if you ever want to have it in there and post it. And then again, assets to watch is just. These are. I'll be updating these. These are a lot of the ones that I've already posted in here just so that we can kind of keep tabs on where they are and what they're doing and how they're doing and how they're moving. So, yeah, that's pretty much it. If there's anything that you all want to put in here for other tickers to watch again, you certainly can. We're going to get to crypto in the near future, and I love crypto trading. I think it's super fun. So we'll talk about that as. As time slightly progresses. But yeah, you'll see that CLDX is on here and Mongo database and NTRA is one that we've traded again and Lulu, because Lulu's gonna be a lot of fun for us over the next couple of weeks, I think. I think this is a really cool dip buying opportunity. But anyway, there you go. I think you guys all know how it's kind of like a. Like a group list. Is this what you were kind of visioning, Garrett?
Yeah. On the group trades. 1. You're gonna post a chart with your markups and stuff on it then?
Affirmative.
That's awesome. Yeah, that's a fantastic. I think it's great.
Sweet, sweet, sweet. Awesome.
Yeah.
Man, Jeremy, love that shirt, dude. Isn't it. Doesn't it feel just luxurious?
It's great.
There only be a few people in the world that have that shirt. So my nephew and you guys can't.
Wait to wear it in public. And people just be like, what?
So far. So far, people always seem to like it. They always just. They'll say, nice shirt. Yeah. All right, Eric, what about Google? Where'd you buy your Google? You have to be up on that a little bit because, ah.
I am up nine, almost 10%.
Okay, sweet. Yeah.
Because I bought that dip.
Yep.
And that was fun. I. I bought more in. I drew myself a pyramid. I get in on the first level, but I had bought some previous, but I'm averaged in at 9.9%, so that was nice.
Very cool. Very, very cool. And you said you are. You sold and you sold your Shopify for a profit. Are you going to rebound?
I don't know about that. Depending. I got to do some good wave counts on Shopify and see where it's at. It looks. We kind of drew a 1, 2, 3, 4, 5 on it. And so it's. I don't know if it's. The 5 would be on that earnings day. Right. That's what. That's what my chart has drawn on it.
Yep.
What do you think about the abc? Think we did that already?
We certainly could have. Yeah. So this could be A, this could be B, and this could be C. So we're working on, you know, a miniature 1, 2, 3.
This.
This is definitely a possibility that we're. That we're experiencing depending on the size and the scope of the. Of the trends continuation. So this is case number one, but it needs to balance essentially today for that to be true. Otherwise, this is a 1, 2, 3, 4, 5. Then we'll get a small correction here. And then. And then again that this area all needs to hold for that count to be true.
This.
This price here. And if that. If that if this level holds and these counts will probably ultimately end up being correct and then the bigger fractal would be that all this is the A, all this is the B, all this is the C. And then yeah, kind of continue the, the one in red is the most likely scenario, in my opinion. Yeah.
Yeah. I just decided to stay out of it for now.
Sure.
Do some other stuff.
Yeah, right on, man. All right, that's cool. Any positions that you aren't in that you want to be in, Like anything you're looking.
Yeah. So I've been watching Lulu ever since it came up on the radar and I think be talking about that and that'll be fun to, fun to see what that potentially is going to do.
So I, I, Yeah, yeah, yeah, exactly. This will be interesting. This will be an interesting one. So strong, strong gap down on pretty good, pretty good earnings. I mean they did, you know, they beat kind of across the board, but they're just, they're just really high. So I think the, the last one, this one and the last one. Right. They just, Tom, they're just up so much that they need, they need some type of pullback, which is fine. Pretty strong gap. So this, this type of gap. So again, based on our February discussion. Right. Family. Eric, walk me through what you think is the sentiment and the feeling of this overall gap. Well.
It was interesting to me because the earnings weren't horrible. In fact, it was all decent. But I think, I think you're right that it just needed to come back down because it had such a skyrocket in the last quarter of 23.
Yeah. But it was.
And it fell below those averages. Let's see what the weekly says.
Yeah. Yeah, let's go check out the weekly. Yep. So the date, long term, strong, strong gap because it, you know, it opened below the 200. So this was a gap. And go. Yeah, you had bull candles gapping down. So you have some, or had some people that were trapped obviously. And then you're opening below this pivot, you're opening below this candle, you're taking out these bulls. And again you're opening below the 200. So a lot of bulls pretty pre trapped on Lulu. So the selling event happened pretty fast in the morning. But this is, this, is this. All right. This is the 3 minute chart on Lulu. And again, strong gap and go below most of the moving averages right below the 200. So looking at this particular chart, Jeremy, tell me where you could have day trade this one bearish and or bought puts and, or shorted shares to Make a little bit of money. As it went lower.
I had my other screen up. So I didn't see if you're pointing somewhere prior, I didn't see it. But on the 398 line when it, you had a bit of a pullback and I would have been looking in there too for like a bearish day trade.
Yep.
I can't, I don't have a little pencil.
Again, what the heck. Yeah, where's your pencil?
It's like does what it does.
Yeah. So for me, this one really, I, I love the, I love the compression that came in pretty early. I did not day trade this personally, Tom, but I could have slash would have. So for perfect bull candle. Perfect bull candle. Really good compression. Again, below a bunch of those moving averages. I was telling someone the other day, for me again, I will always probably, I would assume, make more money swing trading than I will watching day trades. I think most will as well. I think it's easier and you can do it with bigger positions and you get less stressed out, less fast. But from a day trading perspective, what I do and what I enjoy is just waiting for really nice momentum, waiting for really nice gaps, waiting for something that's very clear and obvious to me and then I can pop in and just go, take that, go take those trades. And. And there are situations where the more you think about it from that perspective of, you know, swing trading is just you hanging out, having a good time, reviewing charts, spending time during the week, spending time during the weekend analyzing wave counts, analyzing your long term moving averages, looking at the daily, weekly, noticing the trends and then just kind of playing the trends as you see them unfold. And then a day trade would be, you know, every maybe couple days you see a really good gap that you want to take advantage of. Even if it's on the same stock.
Right.
Even if it's just on Tesla like you, you can do that. So, yeah, beautiful, beautiful short. Again, retested whatever line this was and failed. So from a day train perspective, very, very nice gap. Really, really fun to trade for anyone who played it. And then now looking at the weekly time frame, so we're going, I mean you, you already know that. You already know the wave count. That's the best part.
Right.
If you're looking at this like you know that this is some type of ultimate wave three and wave five and then all this was some type of wave four and then this was a new wave five that we made a new high and then we, we started selling off because again, wave five Just has to go a little bit higher than wave three. And this, I mean, this was, you know, $20, 25 higher per share, which is relatively significant. But now you, you got the top of the wave five and you got the ability. Then here comes the sea wave. So. And. Or again and. Or 1, 2, 3, 4, 5, where we end up going a little bit lower. Ultimately, I think 360 is a very, very, very reasonable spot for Lulu. That'll be the 100, 200 simple moving average. Right. So it just simply allows us to expect the likelihood that this probably is a wave three because of the volume, because of the size of the candle, because of the gaps. And again, if we wanted to, we could have the pretty strong perspective based on the gap on the daily chart that we most likely are going to go a little bit lower before we end up potentially going higher. So, yeah, definitely a fun one to. For us to begin to watch and to get kind of begin to plan on Lulu. So this, and especially when it comes to the option sales, we're going to be looking at this chart a lot as well. For sure. Because there's, there's a lot of volatility on it right now. Yes. All right, cool. So there we go. Quick analysis of Lulu. What about you, Big Scotty? What you in, my man? Other than AMD and arm?
Yes.
AMD I think I, I had the wave count as a. We're in a four, but it's just dipping really lower than what I expected.
Arm.
I'm still in arms. Been pretty positive for me. AMD I'm losing a lot of money. I keep buying more shares. So I did option. I did a sell a call and that expired last week. I did make money on that. Not enough to wash away the wash the loss, but it helps.
Yep.
Can you do a. Can you sell a put? But if you're. It's automatically going to sell the shares at a loss.
Right.
If it hits. So you shouldn't do that because it's so low. Because I bought it so much higher.
Well, not, not if you sell a put. You have to buy a put for insurance to protect yourself in case the stock is going down.
Okay. Yeah.
So you want to be. You want to be in a put. If you want to make money as a stock goes down, you want to, you want to buy one. Right.
But can you buy one if you have shares of it?
You can buy a put anytime you want for your entire life, always and forever. You have shares. You don't have shares. You're in an ira. You're not in an ira. You can always buy a put. It's just an individual trade that has no connection at all to the shares.
Okay.
Yeah.
Which is the good news, I think.
Yeah. I just don't know how much lower it's going to go. I mean, I think we have a ways to go to get to my, my two spot, but if you think it's going down there, it's. That's a ways down.
Yeah, yeah, it's gonna go down.
You know, I bought. My average price is like 185 or something now because I keep buying in love.
Yeah, I mean, hey, it's like it's at 179. So keep, keep in mind you never, you never buy the exact bottom of anything ever. So it always got a little bit lower than you sell. Sell it. For, for me, I, I think that this is a nice little pullback. I think it was needed, Tom. Some type of 1, 2, 3, 4, 5. And again, some level of correction it's coming in. Just makes sense that we kind of pull back to that general area a little bit. This, this yellow line was the previous all time high. And one thing that stocks like to do with previous all time highs. Tom, this is a little bit of a, an extra tidbit for you all that I've noticed. It's not, it's nothing that I live my life or hang my hat on, but I always say that you'll end up getting something called a smaller term retest and then a longer term retest. Generally this principle aligns with all forms of support resistance, but certainly works well for all time highs. And so what I mean by that is you'll get, I mean this is exactly it. Let's say you get a breakout of an all time high. You'll get a pretty quick retest. So this is like 73 accurate. You get a really quick one where it retests the previous all time high and then a move higher and then ultimately a longer term bigger retest of that same level date. You know, usually it's weeks or months after and then that'll consolidate and then we can easily bounce from there. So pretty interesting candle here, right? Nice, nice upper shadow. Nice little shooting star type of candle. Jeremy, what was the little tip? I told you to look at a chart from a different perspective.
It was. Hold on, I don't remember all the characters you had to put in, but it was like.
I have a note. He has a note.
Yeah, you type ones forward slash and.
Then the ticker there you Go.
I thought there was like an asterisk in there or something, but.
Okay. Yeah, yeah, totally. No, you're good, man. And so the reason I like to do this is I like to just look at the chart and see would I, would I be bullish? Because sometimes my brain just like forces me to be bullish all the time. And so I have a hard time looking at bear trades. And again, I'm not saying AMD is specifically bearish, but just looking at this, it does. You know, it looks to me like a nice little reversal candle, some type of hammer style candle. We close above it and so it, it looks like we could come back up to, to here, which is again just the reverse of amd. So AMD on a weekly chart. Yeah, I think we'll pull down just a little bit lower today. It's a small little gap down. So it looks like we're going to open below the low of yesterday's candle. Now we still have tons of time before that happens, but open, open and below the low of here and we have this, this gap over here to fill. It'll be a fun day trade to watch. For anyone who likes to day trade. This is one of those where I love Mondays especially. Depends on, on how well I closed the previous week. But Mondays are good because you get a gap on a daily chart and you get a gap on a weekly chart as we talked about, you know, in February. So we are, we're testing the low of this candle. We're testing the low of this candle. There will be, there'll be some nice moving on amd and yeah, anyway, ultimately I think 160 is a good, good bouncing spot. So for you, Scott. Yeah, just stay cool, calm and collected. If you have some puts, for example, if you bought, if you buy regular April and let's just say you buy 170 puts right for, for April. What that means is if AMD goes lower, right, you have two, two perspectives. If it goes below 170 on, you know, the third Friday of April and you leave it alone and you don't do anything, it will auto exercise your shares. It will sell your shares at 170. That's what you were talking about earlier, right? So you'll, you'll, yeah, you'll auto sell Your shares at 170 if you have the shares to sell and if you hold those to expiration. But if you don't hold an expiration, meaning let's say you buy the 170April put today at open and eight minutes later, AMD is at 1 sec, 1 165. And it had a really big sell off. You could sell that put whenever you want because you bought it, it's your asset. So you can, you can sell it a day from now, a week from now, an hour from now, or a minute from now. And if you bought those for five dollars and you sold them for eight, you'd make a three dollar profit in the middle. So that, that's your money. And then that kind of like what.
I did on mdv, I sold it before expiration, but I was up like 200 or 285%.
Yeah, yeah, exactly. So that, that's, that's precisely correct.
So you can, I'll look into getting to that to help weaken my loss.
Yeah.
And then ride it back up again. Would you continue adding to shares to it as it's dropping?
I would, I would just do your, do your pyramid and find out. Make sure you want to know. Do the math. I wouldn't just do it arbitrarily.
Yeah, I'm in pretty heavy right now.
Okay. Yeah. But just do the math and if you're in tevy, then I probably would wait.
Okay. Yeah.
And, and keep in mind again, you can do call sales again. So if your cost, if your Average cost is 185, any, any call that you sell above there. Right. If AMD ever came up to that level, which it will in the future but if it comes back up to there and you get called away, as long as you get called away above where you bought the talk for that'll be profitable.
Perfect.
Yeah man. So that's. So that's am.
Yeah. I'm also in Google, Tesla and Apple.
All right, let's go look at some.
I still have. I got a bunch of crap.
Yeah, all good. Yeah. Yeah. So this was a fun wave count that we all did. And I'm sure that some of you remember that I was calling for a wave four to come in on Apple thinking that this was a big wave three. This is one of my favorite wave counts that we did together. And I just. For everyone who has shares of Apple, myself included, I do think it's almost a mathematical certainty that we get to 165 at this stage. So again, we all know that Apple's not going anywhere. And that's one of those stocks, you buy it low enough and large enough and hold on long enough that you'll, you'll make money. Right. It's the second largest company in the world, second most profit.
Well, they just got hit with a big lawsuit from the government.
Right, Correct, correct. So that got again, they've had that, that's the 15th one that they've had. So usually, usually their Federal Trade Commission sues them for being a monopoly. Was the, let's see, 2003-2005-2007-2009, 2012, 2015. Yeah, so they'll just, they'll just issue them a check and that'll be that. So, yeah, it's good, good time. But that was the day that they announced that. Yeah. So strong gap. So anyway, for all of us who have shares of Apple, just make sure that you're kind of looking at, you know, your levels and your price points and all the things because I'm telling you that it will go to 165 and then we'll probably chop around and then from there ultimately I do actually think that we do, we do and probably can go a little bit lower than that, Tom. Although it's a very good spot for it to bounce. That would be a really, really strong channel. I think it can bounce there. And so I will buy at 165. But since over here we broke the hundred on the weekly, which is these, the price we're pretty much interacting with now, I do think that that could give it reasons and rationale to ultimately get down to 150. That is a possibility. So the reason I don't necessarily love that plan is because that would create a very, very large double top for Apple and that the size of that double top would kind of make me feel like it could go a little bit lower. Although so did this double top when it happened and you know we see that it reversed, it did make one more low and then had one of the best face ripping moves it's ever had its life. So that could also happen again. So anyway, long story short, I'll be buying at 165. I'll still know to protect myself if it starts breaking below there and I'll probably do that with day trades. So if it starts really strongly breaking the hundred on the week on the weekly, I'll just be protecting myself with day trades down there. I won't be probably buying a whole bunch of options or anything like that. So there we go. That's my thoughts on Apple Google. So your, your brother Scott absolutely nailed the wave count on Google. I think it was last Monday. So I mean almost future telling, it was all, it was literally just a gift. Let me pull up his exact wave count from the other Monday. So this was right before market Open. And the only data that we had. So it looks like witchcraft at this point because it was so spot on. But we did that analysis right here. So here's what Google looked like at the time. We talked about the strong, the strength of that gap and we're like, oh, this is a really easy, really obvious 1, 2, 3. Right, we're gonna get away 4 and we're gonna go wave 5. So that was the analysis on that, on that day on the 18th, that Monday. And we all know that that is exactly what transpired, which is really cool to see this stuff play out in real time. So all that means is when this little move on Google happens, right, this little retracement, we could, you know, we could have been a buyer, Tom, if we wanted to, or we could have done something else. But I do think that it can easily press out and have one more little push in here. This is, we're coming into present day in just a second. There we go. So this is, this is right now. So that's kind of like the ultimate wave count. And again, just seeing how this is kind of playing out. One more little poke above 152.50. I also have some shares of Google with you all as well.
Would you exit at that point? We talked about it hitting all time high again or bouncing off the all time high.
Yeah, yep, you're exactly right. So this is the previous all time high now on Google. And if we go and actually look at really fast. Let's do some line drawing. There are some interesting levels here. I will sell Google, to answer your question, yes, at 150 this Thursday if it closes above because I have a collar. So I have a. Sold a sold call at 150 because I, I think ultimately that I could buy Google back for less than 150 sometime next week. So I'm, I'm okay. Just let it hang out, let it do its thing ultimately, because I do think that this gap will fill this one right here. And I think there's gonna be a good chance that I could buy Google back less than 150 at this particular price. Joe, are you in a caller too, or are you just chilling?
I sold a call at 55 for. Well, I have 200 Google. So I just did one at 155. An April call.
April. 155. All right. 155. You just keep trying to get called away on Google and just never do.
I know it's happened once so far, but.
April.
All right.
Sleep fun. Good. Great. Level.
Yeah.
Great.
I just did that on Friday, so.
Okay. Sweet, sweet.
Should I have done two then? But I just thought I'd leave half of it to potentially go higher if it does break, but.
Oh, yeah, that's. I mean that's, that's up to you, right? Yeah, that's, that's absolutely okay. I, again, for me, I'm never really. I just have that mindset where if I ever get called away on the stock, I never care because if I sell a covered call, I am always selling for a profit. And generally if I can sell for a profit, I cannot. We can always just get back in right after we are free and clear. We can get back in with just profits after that point. So think about this way team again. You know, next week we're going to be diving into these a whole bunch all even though most of you already know a little bit about just cover calls and purchases puts. But for me, my thought is, let's say that you buy Google down here. Your cost basis is 140 and you sell at 155. So you're making $15 a share and that's going to be just pure profit, whatever that profit is. I can always then rebuy Google one of two ways. I could just buy some shares and obviously it wouldn't be a lot of shares, but you can buy your shares with the profit and then if it goes higher, great. And then you could always get into a bigger position later. That's always plan number one and. Or plan number two is use your profits and re buy some call options. Because call options by their nature are the right to buy the stock. So if you have a call option and Google goes up. Garrett, true or false? If you have a call option, Google goes up, you can exercise that call and own shares lower.
That's right.
Yeah, that's right.
Passes your call. Sure.
Yep. So the call. Exactly. The call has to be in the money. Yeah, call has to be in the money. So what that means is if, if you're buying that call, let's say the, let's say it's at 150, right? And Google's above 1. Google's above 150, then yeah, you have the right to buy Google at 150. So if you want to exercise it, all you have to do is you just call the broker or let it expire in the money and then you get your ownership of Google at 150. When. Or if it's at, you know, say 165 and that's a nifty little thing to do with call options. So just as a reminder, you always have that capacity to, to do that.
Sometimes it works out better. But you do give up your premium.
Correct.
If you exercise wherever, so.
Correct. So the money that you paid for the option, that, that just. So you're, if you're profitable on the option and you paid for it. Yeah, that money just kind of goes away.
But.
Would you automatically make that 15 gain once you buy it at the 150 though?
Correct. Well, your shares, your shares would be.
Shares would make that game, right?
Yep.
Correct.
Correct.
So you could just turn around and sell it right then.
Correct.
True.
Okay.
Isn't that nifty? Yeah, super nifty. I, I think that's just awesome. So anyway, those, those are always things that I consider and I just generally don't ever. I try my best not to get massive FOMO if the stock is just rampaging like that. So anyway, saying all that to say gray covered call Joe and I got, I got a 150 that expires that I sold on the gap up here. I sold the 150 expiring this Friday or sorry, this Thursday. Markets are closed on Friday. Bam for good Friday. So just small little update, markets will be closed. All right, so that's kind of my general thoughts on Google. We will, we will battle this for a ways. But check this out. So since I, I just talked about stocks kind of retesting their all time high, what do you think would be the plan if Google does something like this and it goes to here in the next two weeks or, or two days if Google did that? And we just said you're going to love this guys. You just, we just, we just looked at it, said the hourly wave count was a 1, 2, 3, 4 and then we have that wave 5. Would it be a massive surprise to you that we have that retest of the old all time high? Old resistance, new support. Like we can already, we, we can already plan that. We can already, we can already think that ahead of time right now because the likelihood of that occurring is pretty good.
So.
That means it'll never come back down to fill that gap.
Oh, oh, for sure. Absolutely can. Yeah, yeah, absolutely. So I mean this is way five. We, this is the abc. Okay.
Oh, that could be the gap, Phil.
That could be the gap and, or, and, or again here. And then we, we retest it and we have a little bit of a bigger move. And then like I mentioned earlier, you, you're going to get a small Retest of the all time high and you're going to get a bigger retest of the all time high. So something like that. It's very possible, especially over earnings. Right. It's gapped down the last two earnings and then ultimately went higher. So it. Let's say it does that again. That almost be too easy if Google gapped down again on earnings and filled that gap and gave us an opportunity to buy again at a lower price. But it wouldn't surprise me either. Hey, all good.
The only stock I really want to get in, Jeremy is Celsius. That I can't really figure out the wave count on it. I've drew it a bunch of times.
Oh, Celsius.
I think we just hit a five and we're coming back down in ABC right now.
Let's go ask Ms. Joe since she's so rich in Celsius, she's made enough.
Money to get back into.
She's made enough money to never buy, never pay for Celsius drinks ever again. Yeah, I'll let you go ahead and share your screen with me, Rockstar, and then.
Tidy it up a little bit. There's the share.
All right. Joe has started screen sharing. All right, folks, we all ready to make some money?
I think we were showing overall that this was.
Yeah, I was having a tough time look finding it on a day chart. So I went to the week chart to draw and then try to stretch it out from there, but I still think I'm off.
Yeah, I thought we were like four and this is a long four and then we're up five here. So we're looking at ABC still.
Yep, I would think so.
Yeah. You can see it easier on the weekly for sure.
Oh, yeah, that's pretty.
Yeah. Yeah.
So.
Somewhere either maybe like 1, 2, 3, 5. Okay. Something like that.
Now, since we're still practicing this le. Go back to the weekly chart, leave that count open for me and then turn your replay on and go to here or maybe or even a little bit further if you want to look for the back. Yeah, if you want to. And then, and then go. Okay, so we, we know that that count is easy now in hindsight, right? Because this is what, this is what wave counters always, you know, make fun of me for. So like, oh, well, it's all. It's easy to see when it happens. It's like. Well, true. But let's, let's use our rules. Yeah, that's fine. Anywhere in there is fine.
Let's use our idea again, FYI.
Yeah, you're Good. Let's use our rules for the. What has to be true and what, what we see and all that stuff. So let's. Let's say that this is all the data that we see on the screen. Walk me through what your wave count would be or would have been.
Now at this point, we'd have the 1, 2, 3, 4, 5. For that one, we'd be looking at an ADC. Somewhere. Some more. Using this kind of as a level potentially that it'll get down to.
Okay, So this count, the two here, looks like you have 1, 2, 3. So it looks like two goes lower than one on this, on that count. So we can't have that too. Or is it.
No, it's. It's just slightly above. It gets close.
Got it. What if it was too close for comfort? What would your recount be.
On that one? Does it have to start from the beginning or could I start it here? Then just do 1, 2, 3, 4, 5.
There we go. Okay, I like that. And so pretty close, but. Yeah, exactly. Almost. Almost the same thing. But what that does is it makes the ABC a little bit smaller.
Okay.
Because the wave count.
Smaller on the two count. On the two wave, you mean?
No, just the whole, the whole thing. The whole, the whole. Okay, yeah, was a little bit smaller. So if the count is smaller and it's more compressed, and that means that the ABC can. Can be more compressed.
Okay.
Also, if this is all the data that you have, I probably still use a little bit of the data that we have over here, which is. This is probably a one. It's probably all A two. Right. Tons of good volume. Spike. Tons of good volume, which means this is probably all a wave three, which, which means that this is probably some type of way of four. And then we. And then we get a wave five. And, and in order for that to be true. Right, with your big wave three here. So I still got. I gotta be able to count the 1, 2, 3, 4, 5, which we, we. We can all see is pretty easy to do on this wave three. So even if Joe keeps the same big, big picture and then starts to kind of again get compressed in here with this 1, 2, 3, 4, 5, which is what she drew earlier. I really love that count because if that's the case, and that means again that this, this could be the abc because it, it did have an obvious B wave. Right. With that small little bull candle. Or if it's bigger. And all this is the A, all this is the B, and all this is the C also fine. But if that's the case, then that means what should happen after that C wave. And it should mean that. Exactly. So we can't go lower than that, which means that then we have to have a 1, 2, 3, 4, 5. And if that's the case in that 1, 2, 3, 4,. This is where you guys gonna have fun with this because again, we already know what Celsius is doing. So this is some of the work that we can do. We can always practice this and just have fun with it. But if we know that this is a 1, 2, 3, 4, 5 on the way up. Now let's exit replay. And I bet you'll all be able to see the 1, 2, 3, 4, 5 that has comprised this move higher on this wave 5.
Yeah, should go up then two, three.
Yep.
So we can get that. I. I agree. And then pop into the daily. And then let's do account on the daily as well. And I think that that wave 4 will probably most likely be some version of an ABC. If this is the 1, 2, 3 that you have drawn.
Right.
And you can. No, you're good. And you can already see that. Yeah, you already got the 1, 2, 3. And then. So this is the wave four that you have.
Right.
We can also see one of two things pretty clearly. We already have the A, here's the B, and here's the C. So that's one. That's a. A strong possibility, Scott. And then the second one would be, this is the A, this is the B, and this is the C, both of which are. Are ultimately viable if this truly is a way for pullback. And then we have our wave 5 continuation higher. That's my account.
See, I have. I have that as a wave five ending at the top.
All right. All right. There's your wave five. So you got the four, and you got a big wave five, which means that this should be the A, this should be the B, and this should be the C. And then restart will.
Go back into a one after that happens.
Correct? Exactly. And then that all that retracement is a wave 4 from this particular pattern.
So my support line that I had drawn was like around 179 that it's gonna hit again kind of where her red line is.
79?
Yeah, 79 in there where I think the sea is going to touch again. But I don't know if that's too much. It's a pretty big pullback.
It. It is, but that would be very reasonable. Yeah, that be very reasonable. I think that's I'm just looking at.
Moving averages and it's pretty far away from everything. So I think it's going to, if it's pulling back, I think it's going to try to pull back to those averages, but I'm not sure.
Yep, I, I agree with you. I agree with you. If, if I was going to buy on a nice dip, this is absolutely where it would be. I think you nailed the analysis. And the best part is, and the only part that we have to consider and the only part that we have to think about is, okay, this is what we want it to do. Am I willing for this to be an ABC and then this to be a 1, 2, 3, 4, 5. Like, am I willing for that to happen? Because that wave count does work based on what, Joe, what you have here on your screen, right, Joe? And you have to ask yourself, am I willing to take that trade? Do I want to take that position or not? And can the, the answer can be no. You're like, no, I don't really want. I, I really want this at 7. I think my wave count is correct and I want to pull back more. Okay, cool. So if you end up missing the.
Trade.
Don'T either, don't take it because of FOMO when it's at 105 and say, well, that was one of my probabilities, so I'm just going to wait. Or you find some type of smaller position to get in if it goes higher and you, you play it with the, with the risk and again anticipate it to continue to continue up. But that just comes down to how bad the know, how bad do you want to be in Celsius?
Is that realistic, Jeremy, to think that, that, that ABC would, would come down.
To.
Like the, the $69 range to fill that fair value gap and, and hit a 61 fib, Or does that negate your count?
Doesn't negate the one that's on this, it doesn't negate the one on this on the screen. It would just, it would require for that to happen. Require Celsius to trade sideways for a while or some type of crazy news event. I don't, I, I don't think it's going to go down to 69 for quite some time, personally, because again, just based on, based on the wave count, it's just too strong. Yeah, that would, that would be a really, really wild way for, and we've already had an ABC correction, so we're going to get some, some level of push here. So just kind of Based on the overall trends and the scope of the trend and the fact we're in a way five, and probably a few other things, I don't think we're going to go down 69 anytime soon.
Can you get an ABC correction and then an ABC correction without going Back to a 1, 2, 3, 4, 5?
You can, yeah. But that has to be on a pretty small time. Has to be on a smaller time frame relative to what your count is for that to happen. But the answer. The answer is yes. Absolutely. Yep, it can. But this is so. So since we're here on this chart, I'm just letting you all know that this count is correct. So with. With this inside little pattern here, if this breaks, it's going to go into 100, no question, because that'll be a 3 wave on after this wave, 4, meaning, like, you already had your ABC here. So this would be a 1, 2, 3. Just letting you guys know. All right, cool. Whose request was that? Oh, yeah, that was Scots. Okay. Jeremy, I know you're not in a bunch. Is there anything that you want to look at? Any positions that you are in or any positions that you want to be in?
I'm just scanning. I have. I can show you a couple things.
Connect.
So I made. This is like a watch list of things that just chart studies going forward. So some of them I might want to trade. So, like this one I made. I did this count a while ago based off of, like, it was some. Sometime back in the beginning of March or something. So just kind of like looking for a pullback. So that's what I'm watching. This one is a mess. But let me go that daily.
Maybe that's better.
This was. I think I posted this a few weeks ago. This is like one of our studies from, like, February or something that I just kept in and I did the bar chart thing, and it's just crazy.
Dude, good for you. Look at that. Absolutely amazing analysis, dude.
So just building confidence in my analysis.
Sure.
While, like, looking for things now it's like really the Elliott waves that I've been watching.
And.
And like, just going back and checking on this is one that I'm watching. Semrush, because I wasn't too sure I had. I. I actually, I deleted this morning, but I had another count that I could see where it was like a big. It could have been like a big three down. But then once. Once we had this come in and I couldn't get like a three, another wave count inside, like the three. I knew it. We Weren't going lower. So now I'm just.
W. And I had.
I. I had, like, called it here, like, waiting for. Seeing if that gap would fill. And it gapped up. So now I'm just watching for.
An.
Entry point, potentially thinking maybe I can grab. Get in on the wave four pullback. Unless this is like. So that. That was the other thing. Unless this is the one and this is a two pullback. Because I could see how you could count. I don't know why it won't let me. But like I said, you can count like 1, 2, 3. But I could also see how you could argue and say this is a big one, then a two and then a three.
Sure.
So I'm just kind of watching that going forward. Forward.
How would you. How would you feel about your analysis if we took out this upper shadow today or tomorrow?
I would. I would feel like. Yeah, I feel that I probably. I still don't. I'd still. I'd probably call it a three, honestly, because I can see how.
Well, you have a draw on your screen. You have a drawn on your screen, right?
Yeah. And.
But now my question is like, is it a big one?
So here, here's. Here's what, here's what's happening. Jeremy, just. You just gotta trust yourself, man.
Yeah.
Right.
Well, either way, there's a pullback coming if it's a one or a three. Right.
I'm. Yeah, there'll be a pullback coming, but everything pulls back at some stage. But wave. What. What wave is often the strongest? Wave three. So what I'm telling you is don't miss this ginormous move that's coming if we take out the upper shadow of today's candle.
Gotcha.
Because you're going to want to catch that wave three that you have drawn.
On your screen, right? Yeah, I didn't. So I was tempted to get in here. But I had that like. Like I drew before that we could be in. I could see how it could be. This could be like a one, two, and then a big three down. So I was like, I'll just wait. And then once it went. Once it filled this gap, then I said, yeah, we're in. We're in a bullish wave three. Not a bearish.
Yeah, I love that. And. But the truth is, like, if. If we pull back down here, could you get in? Yes or yes.
Yes.
And if we take out the high of this candle, could you get in? Yes or yes.
Yes.
Correct. So you. You can. And you can have those set up ahead of Time, you can have both of those trades set up ahead of time. Because these are some of my favorite trades to play are essentially these slightly no name companies that were just, you know, not a lot of people know about them. And we spend five or six hours on the chart and we're like, dang, this looks really pretty. And then we get a setup and I'm, I'm gonna pick on sue in just a second. But you get a really, really high probability setup and you take a trade. And I like trades like this because a stock that's like, usually for me it's $100 or less. I like because I can buy a decent amount of shares of them. And my brain goes to, okay, if a stock is somewhere between 5 and $50, I can buy 10,000 shares pretty easily. And if I buy 10,000 shares of SIM Rush above the high of this candle at, let's just call it 1250, and I sell it at 1350, I'm pretty sure that's $10,000 because I went up a dollar. Right, right. Isn't that just the math? Yep, that's just the math. So now pull up cldx, which was the trade that sue gave me. Sorry, cdlx, I think it is, yeah, cdlx. Oh, I'm hitting control.
That's why.
Because one of the things I want you all to notice, family, is when you, when you're doing the analysis, yes, you could always be right and you could always be wrong. But you, you got to trust yourself at some point. Otherwise what's the point of doing all the work? And so you gotta, you gotta go, okay, I'm building this house and I'm painting it yellow and I don't care, right? Whatever happens, happens. Because on this one, sue, you had your gap and go, you had your bear candle, which is a bear candle above, you know, above the tiny mate. But it was an inside candle. And then the next day you had another inside candle. This one had a nice little upper shadow. And you told me and us about this on this really good gap up that day. And what was really cool about it is it had this beautiful, beautiful compression. But again, just here's what I do to prevent myself from getting FOMO or, or, or to prevent, present, prevent myself from having fear is when I see a pattern like this, I will back trade it a hundred times and I will envisioning myself getting in with again, let's just say 10,000 shares, which really is not that crazy of investment, right? All of us here can do that. And if we get into 10,000 shares here and we sell those 10,000 shares here. That's a two dollar move in three days on 10,000 shares is $20,000, I think. Yeah, that's pretty cool, right? And it's like, can we have the ability to essentially find seven trades like that a year that are pretty high probability that we can, that we can find a relatively high degree of certainty. It's going to move two to three dollars in one direction or another that we can set up a trade on that we can buy 10,000 shares on and make $2 per share, make 20 grand. Seven times a year is $140,000. Like, is that out of the realm of possibilities? Nope. It's very, very, very, very, very, very easy and extremely realistic. So we, we just have to practice it and know it and see it. And again, at some stage we just have to trust our analysis and then pull the trigger. And some. Because sometimes you'll lose, Tom. But if the analysis is on right, you'll be surprised at how often these things can really win. Especially if you're not just like searching aimlessly, but when you're pulling up a chart and you're pulling up your patterns and you're pulling up your candles and everything, you're doing it with intention. Right. I am looking to create, I'm looking to find, I'm looking to build some level of confidence. And I'm looking for this particular, I'm looking for this trade that I'm going to take that I'm either going to make $20,000 or lose $5,000. That's what I'm doing today, right now. And when you have that type of intention, when you're doing your scans, it's really, really, really powerful. Because I'll share, I'll share with all of you because sue did all the work for me for cdlx, this is how I traded it. And even though the risk reward wasn't perfect, the only thing that was stopping it was the 20 EMA on the monthly. And so I didn't. There was literally no other moving average in the world other than that one. And that's where it was. And my thought process was once I saw this candle, I had to take that trade. So from 1479 to 1679, it's $2 a share, 10,000 shares, 20 grand. Right.
Jeremy, I love that. Is that cool that since when you showed us the screeners, that was something that became very evident to me. I was like, oh my God. The game just got so much easier because I can look through and go, I don't like that. I don't like. I can be picky and I don't like that. Ooh, I like that. And you just find your pattern, your setups, and just play them.
Bingo. That's it, man. That's literally all that that is trading summed up in a nutshell. Eric, how many. How many houses do you look at before you pick one to flip?
It's 8 to 1.
8 to 1. So it sounds to me like you're spending a lot of time and then you're looking for the one that just makes sense. And then once it makes sense, it makes dollars. Yep, yep, yep.
I like that. Once it makes sense, it makes dollars.
There we go. Let's go. All right, awesome. Sweet. So, Jeremy, if you missed that trade, you're gonna have to do a lot of push ups, dude. Alrighty. Also post it in the. Again, make sure you guys go post some of your. Your trades in here. I expect a lot of you to have a lot of these filled up. Especially you, Garrett. You're the one that asked for this. So your. Your column has to have a bunch of tickers in it.
I asked so I can see what you guys are all doing.
Yeah, I'll be. I'll be filling this up. Don't worry. I'll have some in here for sure. Okay.
Count is very small right now because I'm. I just feel like I'd be doing myself a disservice until I get to the point where you guys are through the. The videos.
I'm.
I'm like into February now, so I'm getting close.
But you're good, man. Sweet. Cool, cool, cool. Let's see. All right, Miss Sue. Yep. Share your screen with us. Walk us through charts, trades, setups, what you're looking at. How happy are you to be out of Rivian?
Yeah, I am.
I have.
I have one shared left. I kept one share.
Yeah, that's fair, people.
Just because.
Yeah, yeah, all the time.
Where am I at?
Okay, So. Am I on there?
Yep. Yes, ma'. Am. We can see your alcoa chart.
Okay. Yeah, this is what I've been looking at lately. Just not sure if I want to get in here or wait till it breaks the neckline. But I have the weekly 200 up there and the weekly 100 not too far away. So that's the daily. But I mean, the wave count looks good to me.
I think so. Yeah. So we've. We've done. We've done a co. A little bit this is one that I'm. I'm setting up myself. My plan is I have a very similar perspective, but essentially where when we get here, which is kind of like your end of your target, I'm also going to play the downside. And then if I'm wrong on that position, which is possible, that's fine. Then I'll know that we are in most likely or hopefully this wave three. And then I'll get stopped out of my short, maybe, maybe lose a little bit, whatever, and. And then I will get in on the pullback of this way four and ride the way five. So.
Okay.
Because the way my count is, it's either a 1, 2, 3, 4, 5, or. Or this is an A, B, C and then we go lower. So it's just one of those, like, I don't know for sure, but I'm going to play both directions. Now that's something I want all of you to hear, especially you, Jeremy, because I'm literally planning the loss ahead of time, right? Most of you only plan wins, plan your losses and don't care about them. Who cares? It's gonna happen. Team, you're going to lose time or positions. So if you're getting into a trade, Scott, for future reference, like, you can go, okay, I'm buying AMD here, but I know it's going to go lower. So you tell yourself that because you can plan ahead of time. Like, we're never going to get into the low on anything ever. Like, it's always, always, always going to go lower once we get in and it's going to go higher after we sell. So when you start telling yourself that level of certainty, right? And you're planning that level of certainty ahead of time, I know there's a chance I might lose on this trade going short. I'm gonna go long first. I don't think I'll lose on that trade. And then after it hits kind of the area that sue has drawn up there, I'm gonna get out of my long, get in with a short. Then if it turns into an ABC and then it goes lower, then I win and it's awesome. And if it goes higher and I get stopped out, I already know what I'm going to do if I lose on the trade that hasn't even happened yet. That make sense Family? Like, that's. This is. That's where I want you to get to. I want you to get to that point where you just start. Are being okay with your losses and you already plan on them if they happened. Oh, Well.
I think mentally that's just a mental exercise.
Yes, ma'.
Am.
Exactly.
You're exactly right, though. I never plan on losing or think about that. So I think some reps of thinking that through and practicing that in my head or all of our heads.
Heck, yeah. Me too. Me too.
If you could practice it without it actually happening.
Yeah, exactly. Exactly. If only.
Sign me up for that course, please. Yeah, yeah, yeah. Okay.
So, yeah, that's. That the other one I was looking at, or actually I got in here, thanks to you, because I was going to wait till it went much lower. Oh, I'm on the weekly chart. It's got a nice gap up, Is ibit. So, yeah, I was going to wait till it got down here, and you said, you know, don't. Don't miss that just because you're demanding that it goes lower. So I did get in at 37 and it's got a nice gap up.
So.
Yeah.
Happy about that.
Yeah. Well, but. But you had your. You. You still had other orders, right? As in, like, you had other orders set up if it went a little bit lower, too.
I still do.
Yeah.
Got it.
Yep. Yep.
Because there's still gaps down there, so maybe they'll fill, maybe they won't.
Now, why do you think I said that? Why do you think I said, like, hey, don't wait for it to go all the way down before you start getting in.
I guess we don't know for sure on the wave count there. I'm not positive.
Why?
Yeah, you said if open above this, it could soar.
Yeah.
Well, here. Here was. Some of the reasoning is I forget the exact chart that we were analyzing when you had it set up, but I think it was. I think it was the daily chart. Go to the daily chart for me really quick. I think this is how you got it initially drawn. And. And the really hilarious, like, kind of cute part was your wave four was drawn like it is now, which. This is the bottom, and then it's not going to go to there.
Oh, that was.
That was the ending of your wave four. I was like, if you. If I saw that Your chart was 1, 2, 3, and then your 4 was here, and then it would game of 5. I probably wouldn't done anything. I probably wouldn't have said anything. But it's like, that's why I. With Jeremy, I'm like, bro, you have a wave three drawn on your screen and you're scared to take it. It's like, I don't know, what's the point of it? Being a Wave three.
I get that.
Yeah.
I think. And I'm like, Jeremy, too. It's like. But I'm not so confident that this is correct because I just learned it. You know what I mean? Plat. You're saying draw it and just believe that that's true and go with it until it proves you wrong.
Correct. That is. That is literally Elliott Wave and almost all of trading, arguably as well, because trust me, team, I get it. But you don't know anything that's going to happen for sure. But what you can do, what we can do is we can understand our risk and we can know what our risk is ahead of time. And so that is calculatable and that. That is determinable. Right. And so we can. Okay, if I'm putting in this amount of money into this particular stock, how much research did I do on it ahead of time and how much risk am I willing to put in? And if I'm wrong, how much am I going to lose? And we. These are all things that we can know ahead of time. Yep.
Yep.
I love it. Awesome. Okay. Well done. And I'm pretty bullish on crypto. That was. That's probably like an ancillary season. Yeah.
Coin. I think coin is up again, too. Or not again still.
Yeah.
Which I'm still sore that I missed out.
Yeah.
Yeah.
Wait till it comes down.
One day of selling.
Yeah.
Coinbase, man.
What are you.
Just crypto in general. What a crazy, crazy market out there. Crazy markets. Okay. Yeah. I'm trying to think if there's anything else really spectacular for us to review or cover.
Could you just go over Nvidia?
Yeah.
Just based on that move up and stuff, I did get a few shares and bought a call when it broke above that level.
I think I am. I am in that trade also. So I. I just think this is really pretty. All this is a good resistance. I. I think that it could easily. You could easily retest that price. Right. We can pull back down here and throw a little bit of lower shadow and pop. But, you know, AMD's gapping down stronger, a lot stronger than Nvidia is gapping down. Nvidia is opening flat. I love this trade. I don't know. I'm in it, too. What else to say at this point?
Yeah, I just got. I got an April call, so not far out because it's more pricey than I normally spend. So stretching my comfort zone a little.
Bit there, but, yeah, they're pricey. Yes, yes, yes. Totally. Well, again, same thing. Anytime that you're out. You're starting to stretch the comfort zone. One of my things I tell people to do, and this is just my opinion, course, but one of the things that I kind of emphasize is lower the bar. What that means is let's say that you normally trade. I'm not even trade. Let's say you normally run, you know, three miles and you're like, okay, cool. That's. That's my normal pace. It's like, all right, well, if you've never run 10 miles, go 10 miles, but don't go as fast as you can, right? So do more than you've done before, but just do it so that you know that you can do it. And what that means and trading is if I ever take a position or an investment or something that I haven't done before or haven't done as much of, kind of like you're mentioning, Joe, I'll just take a profit. Once it's once, it's reasonable. So, like today, I think we can easily get to 960 today or tomorrow. And then, you know, you're going to be up a decent amount, take your profit and go, cool, sweet. And you're like, awesome, I. I did it. I'm really proud of myself. And then you can take that profit and buy some shares and okay, with these shares, if it goes to zero, because I think Nvidia is going to have another split soon, personally, which is kind of crazy. And then it'll be the most viable company in the world, probably by the end of the year, which is wild. I mean, it's already very, very close. So it's incredible what we're seeing. It is really, really incredible what we're seeing. And so based on this count, and this is just my thought, Joe, obviously, but we gotta stretch it a little bit because now that I'm, you know, as it's moving, 1, 2, 3, all this is a 4, and then this is a 5 and 5. So we should. We should just continue to go higher and I'd be comfortable with it just to wait out, wait out and let it do its thing.
Does look like a four right there.
It sure does. Yes, it does.
Yeah. Or I was thinking an ABC and then moving up further for another count.
Yeah, that's what I was hoping for. I agree. And when this lower shadow never went lower and filled this gap, that's when I was like, really?
Wow.
Because, I mean, that's really all I wanted was I just wanted an a B and then a C to come down here, and then I would have been ready to rock and roll again. So I didn't, I didn't get in on put sales. I'm, I'm only in with a breakout of this candle, which is a little bit of a smaller risk for me because we're so dang high. Right. So I get it anyway, kind of like that earlier mentioned I, I talked about on Celsius. It's like how bad you want to catch it if it keeps going, you know, because if Celsius breaks above 94, 23, it's going to go to 100. I'm saying you all know that now. So that's up to you if you want to make money on that or not. But Nvidia, same thing. It's like, how bad do I want to be in if it takes out that candle? And apparently I wanted to be in. I prefer to get in at 800. But it didn't give me that. So.
Yeah, trapped all those bears. So.
Yep. All right, you still in Qualcomm over there, Scotty boy? Sweet.
Good for you.
You're up nicely. So Qualcomm's been pumping all of February and all March. Just went straight up. And what about your Intel?
Sold it.
Sold Intel. All right, well, good job.
Well, I sold it. When it hit back at that other second high again, I was like, I took a small loss, couple hundred bucks, but I didn't think it was gonna break.
So good job, man.
Move my money somewhere else to lose money.
It wasn't losing money fast enough in intel. So I was like, take it out. Put it into a different slot machine. Yep, gotcha. Well, look at this gap down on intel today. I mean, you're probably this, this is a great gap on intel, by the way, from a day trading perspective too. So if anybody is interested in day trade, AMD and Intel are gonna be pretty interesting. Looks like this, a hundred SMA on and this, this is what intel kept failing, by the way, was the 200 on the weekly. But I know you knew that adjusted for dividends. Where are we at? Yeah, this is a really good cap down on Intel.
You think it's going to fade up today? Because then you would have a bull chat, right?
I think it's gonna daily. Yeah, I, I, I, I don't know. I think it could retest for a minute or two, but I would short intel with everything that I could at 4,140 if it got up there today. This is a really, really good gap. So it could fade momentarily, but I would expect it to Go lower.
Have you ever played a day trade where you chase it? You just keep moving your. You're basically one R down as if it keeps dropping.
Is that chasing or is that just going for more?
Both.
Yeah. I mean, usually for me, chasing, it's like, oh, I know I'm getting in late. I know I'm getting in late. Like, I feel like I'm getting in and I shouldn't be getting in. I. I do that. I have definitely, absolutely done that. But going from. Yeah, going for more. Absolutely.
New some nudge.
Yep. The new some nudge. I'll do that. Sue, what's one of my other rules for when I start holding day trades longer? There's one rule. Wonder if you know it.
Holding day trades longer. I would look at the S curve for sure.
Has nothing to do with technicals. Joe's smirking. I bet. I think Joe knows she's been in too many tests already in the money.
Well, you made 4R more for the month.
There she goes. Yep. Once I have four hours realized and. And that can be on anything that could be put sales swing trades. That could be anything once I have four R's realized. Because that's kind of like, again, remember, guys, I'm a full time trader. So my. I base this stuff on just bills. So my bills are essentially four hours a month. So if I can do four hours a month, like, I know my bills are paid. Once that stress is off my shoulders, I'm good to go with everything else and I'll start holding for more. Yeah, Scott. So there's. If there's just a beautiful. I'm like, oh, my gosh. I don't care if I'm at two hours for the month. I'm a. I'm a robot. In fact, I'm a chicken robot. Like, I'm g. Get out of that trade so fast for the smallest gain of all time. But once I get four hours, yeah, I start trading like I actually know what I'm doing. So. Which I am at, I'm at 4. I'm at 5.3 hours for the month. And we got a whole week left, so I'll be happy. That probably end with seven or eight Rs this month. That's what I'm hoping for. So. All right, team. Well, hey, appreciate you being here. This week again is just study week. I would love for you all to post your charts, post your trades, post your concerns, questions, comments. If there's anything that you need help with individually, please let me know. Reach out. I'm always here for you. And then next week, we start the party. I know most of you know a lot about options already, so I'll be very brief in my overview and I'll talk more about that on Thursday. But go be amazing. Go make a bunch of money this week. Have fun day, trade, swing trade, invest. Create income. All the other ways in your life. Keep me posted. You guys are amazing. Yep.
