Breakouts / Breakdowns & Flags | Active Trading Strategies
oh hello investors and welcome to our session here today so another interesting day in the market you know we've had we had three or four days of extremely large moose the downside we actually gapped up a little bit to start the day but we are starting to fade here it'll be interesting to see how the day ends looking at price movement and price patterns and the like what are some of the active strategies and how can they fit in well that'll be the topic of our discussion here today let's go ahead and start by popping through our disclosures here again you want to welcome here to active trading strategies my name is ken rose as always it's great to be here to discuss investing in the stock market particularly in this area where we're usually focusing more on shorter term trades rather than longer term trades and wayne disclosures here today just to keep in mind that our content is intended for educational informational purposes only it's not investment advice for recommendation any security strategy or account type spreads and straddles other multi-leg options strategies can entail substantial transaction costs including multiple commissions which may impact any potential return we also want to be mindful the short options can be assigned at any time up to x graduation regardless of the in the money amount we do use the pay-per-money software application here this is for educational purposes only we want to keep in mind that successful virtual trade during one time period does not guarantee successful investing of actual funds during a later time period as market conditions do change continuously also be mindful of these additional disclosures and do keep in mind that while this webcast does discuss technical analysis other approaches including fundamental analysis may serve very different views and in order to demonstrate the functionality platform we need to use action synthesizer where td ameritrade does not make recommendations or determine the suitability of any security or strategy from the world traders any investment system you make in your structured account is solely your responsibility that's what i thought we do here today is we'll start off by just doing a quick review of some of the highlights that are currently going on with the market right now and from those highlights we'll take a look at some of the key price patterns that active traders are usually looking for and that's going to be breakouts breakdowns and also flag patterns and we also want to demonstrate the trade using our paper money software applications let's go ahead and get started to do that i'm going to pull up the thinkorswim platform here and well it looks like maybe we're coming off the bottoms a little bit so here we have the s p 500 you can see they're in this rather long term downtrending channel actually we actually started the day by adapting up here just a little bit to the upside but we have faded we're currently below where we're at where below we're below where we were at yesterday we haven't quite hit the bottom part of our channel here just yet though but still moving down it'll be interesting to see if we go all the way down and hit the bottom part of our channel there i think that bottom part of the channel is sitting right there at about 3 700. if we come over here and take a look at the nasdaq more technology oriented index looks it looks like it is holding itself a little bit higher within the channel again same type of a channel right here but moving down here again a little bit of a gap to the upside it looks like we have fading but we're not yet quite below yesterday's low which is a little bit encouraging with regards to this higher growth uh type of an index right here we'll come over here and take a look at the russell over here on the rest you can see that russell we're actually in in we're actually in a uptrending channel and we kind of got tight and and and that up turning channel got a little bit tighter here than we broke out of that channel then we broke out of the bigger channel then we came down here we're currently coming down here and testing this this previous support level which is the bottom part of that channel it's basically earlier today we were below it and now we're sitting just above it one of the things to keep in mind investors as we're moving down like this that typically does increase implied volatility if we come over here and take a look at the vix we can see that the vix is relatively high as far as where it's been over the last six months we do have this candlestick pattern here on the vix which is a barry charlie suggesting a potential move to the downside we are still relative relatively high school when we're thinking about potential strategies as they relate to options we may want to look at those strategies where we would be selling options well let's let's talk let's let's talk a little bit about some of the some of the patterns that that active traders will typically look for to do that i'm going to bring up a little drawing tool right here and just make some drawings here okay so now you know one of the patterns would be a breakout pattern basically when you're looking to breakout pattern you're looking at an individual security it's probably doing something like this it could be in an uptrend or it could be in a downtrend and then it's had some difficulty breaking above a resistance level now it now may have gone to that resistance level once or twice or possibly three times but then it finally breaks break breaks out of the break it finally breaks break breaks out of that resistance levels this is just a standard from a technical analysis standpoint that is a breakout now this would be considered to be a rather impressive breakout because the stock spent a considerable amount of time here trying to get above that resistance level and there's also several instances where it came up and tested that resistance level and failed so the more time that a stock spans bang banging up against resistance level the more impressive it is when we actually get a break out of that resistance level and the greater the possibility with regards to underlying security hitting a target related to that breakout and usually when you're looking at a situation like this the target the target if the stock's been going in somewhat of a sideways movement some and some some sometimes the breakout level you you can have a lot of wallet you can have a lot of volatility going on down here or you could possibly have an ascending triangle a lot of times you will have a target related to that if you just have some sideways movement right here you take the width of this channel right here in fact let's grab a different um micro here for just a second if you're going sideways like this you take the width of the channel like that and you would go ahead and extrapolate it to the upside right there [Music] now another technical pattern that we can take a look at is is basically a breakdown pattern and you could be in an uptrend or you could be in a downtrend for example if we're in an uptrend like this and then we start moving sideways notice when we remove notice when we have that sideways movement we're defining a resistance level but we're also defining a support level right here and with regards to that support level when we come down and break down below that support level then that and that is a bearish breakout it'd be treating us much the same as a bullish breakout which we discussed a little bit earlier you'd have a target that would be related to that again that target would be you take the the height of the of the sideways movement and you would extrapolate that height to the downside in order to set a target related to that now there can be there there can be situations with regards to breakouts and breakdowns where you have a a pattern related to it one of the more common patterns is referred to as an ascending triangle so if we're looking at things if we're looking at things to the upside we have a stock that is going up like this let me change my tool surface like we have a stock that is moving up like this and it pulls back like this it comes up here and it tests resistance doesn't break comes down here fine support comes up here and test resistance again doesn't break comes out here and test resistance again and comes up here and it doesn't break this is referred to as an ascending triangle where you have the underlying security making higher lows while at the same time underlying security is having difficulty breaking above the resistance level if we have a breakout of an ascending triangle then the target related to that will be the back side of that ascending triangle that's that's the point of the triangle where you have it hit both to the top and the bottom so this would be the back side you'd measure the height of that backside and you would extrapolate it up here to the upside now a key thing to keep in mind with regards to transcending triangle investors is that on the on the ascending triangle you have what's called an apex right here and you'd like the breakout to occur before you get if you basically want to do is typically you want to measure the distance between the back side and the apex after you after you've drawn your line you'd like the breakout to occur before you exceed 75 of that distance if you get if you get way up in here so you're really close to the apex like this and when that breakout occurs it's not usually not as impressive and the theoretical probability of hitting your target up here because becomes less the further you exceed the 75 percentile right there now of course we have the same thing with regards to movement to the downside we have movement down here up here like this like this like this and in this case we have what's called a descending triangle and you look at and you would look at it from from the same standpoint where when we break down below here then we would have a target relate to that so that would be our our breakouts and our breakdowns now the the the other pattern the the other part of the other pattern that we want to look at is we want to look at flags and flags are relatively straightforward i'm sure many of you are familiar with flags this is basically a situation where we have an underlying security that's either an uptrend or downtrend it's moved up it's pulled back and you have a bounce you know last week we talked about making a trade based on falling knives and we'll go back and we'll take a look at our falling knife trade here after we get done with this general discussion here before we before we look at some potential nutrients because i definitely want to follow up on that but as as this thing is moving down you have what is sometimes referred to as a falling knife you have a completed bull flag pattern when you actually have the bounce right there now looking at what the market's been doing over here if we look over here these different sectors it looks like we've got a few sectors that are showing positive we have energy information technology and consumer discretionary which is a little bit unusual when you have a market that's been beat like this one to see consumer discretionary is one of the top three performing sectors that would be considered to be a little bit unusual but it is somewhat informative as far as as far as who's getting hit the hardest with with regards to inflation you have when you when you have inflationary pressures going on not everybody gets hit gets gets hit to the same degree if you have consumer discretionary stocks these are usually high-end items if they're if they if they're with if they're withstanding the inflationary environment that would be an indication that the uh that the impact of the inflationary environment is perhaps affecting those those who are in the lower mid who are in the lower to mid income areas of course everything that you know there there are there are some there are some other considerations as well but if if if we're going to be looking if we're going to be looking for it for a both for a both flag bounce type of a situation we're probably going to be looking at energy stocks as a possibility it's also going to be difficult when you think about the overall market moving the downside is probably going to be a little bit difficult to find some possible some possible breakouts to the upside you probably got a whole lot of breakouts with regards to movement to the downside but this but but this formation right here look to the upside pull back and the bounce that is going to be our old flag right there and an active trader could possibly take the trade based on the bullfight both flags do have targets the target on a bull flag as you take where the bounce is occurring here you take the height of the flagpole right here and you extrapolate that uh from the bounce point right there that's going to be a bull flag that's going to be our whole flight target now as as active traders we're looking at these things from an active trading standpoint we're usually looking at possibly entering in here and setting up an exit somewhere in this area right here because we're usually going to be primarily interested in just catching a swing to the upside and as it pulls back onto this next pattern look to take an exit on that pullback and look for possibly the next swing here to the upside this is a bull flag a bear flag somewhat similar we have a downtrending stock that's gone down like this it moves down it pulls up then it just starts to break right here so this is a bear flag this is the pole this is the flag and this right here is the completion and the target on a bear flag is going to be equal to the distance well i guess you could say the height of the pull right here right for the pull right there extended for the balance of the downside something something along those lines right there okay so investors in look in looking at those patterns i thought i thought it would be a good idea with regards to today today to with regards to today's discussion is to focus on those patterns and possibly some particular strategies that we may look at in relationship to putting on demonstration paper trades for those before we do that let's take a look at the trade that we put on last week okay and come up here now the trade that we put on last week i'm going to come over here one more to have a blank slate here and i believe that trade we put on last week was on a t and t this was a bullish trade investors okay all right so so one of the one of the reasons i wanted to make sure to bring to bring up this trade and to and and to review this trade is because this trade underlines the importance of position sizing and when we put the trade together we identified what our maximum risk was on that particular trade and we decided on the number of positions in relationship to that based on based on what our potential max maximum loss was and you can see this is a bullish trade you can see by the price movement this trade is not looking very good at this picture point in time but let's just take a look at i'm going to come up here and i know that i i know that we're actually doing pretty good here until yesterday you know if if you think about the overall market the overall market got got hammered about three out of the last four days att was kind of hanging in there until yesterday then we did get a big gap to the downside big move and we're continuing to move down here solidly today so it looks like we're probably going to be in a max loss type of scenario and here the monitor page here is at t right here and what do we do here look it looks like what we did here is we did a long call vertical where we bought the 21 and we're looking for the price to move up and stay above 21.50 so we weren't looking at a huge move perhaps what we could have done differently is gone with a shorter time frame but this was just last week we're only talking about seven trading days so you know the the reality is this probably just is probably just one of those trades that are that that are always going to happen well let me let me say that that that hopefully will will occasionally happen but they but but they will happen you know we we do have losing trades here looks like our current loss here is 230 dollars i'm thinking that's probably very close to the max loss because of what's happened here in order for this trade to be successful this particular point in time over the next 10 days we need to get up to 21.25 i believe is the break-even point because i believe our debit was at about 25 cents so is there any way that we can get it to 21 and 25 cents over the next 10 trading days let's take a look at the chart 21 21 25 and keep that in mind i'm going to bring a horizontal line across here 21 25 [Music] p1 that is going to be about our breakeven point so is it possible it's possible investors but it is highly unlikely it is just highly unlikely and when you when you look when you look at where we're at with with regards to 10 days out there there are some possible things that we could possibly do here we could possibly roll we could we could roll this thing out to buy more time however we got an earnings announcement right here that's coming up so i don't even know that i don't even know the i don't even know that that that we may consider rolling rolling things out let's see this let's play the party investor that's watching the price action right here is going to look for some indication of bullishness and with some indication of bullish miss may with some indication of bullishness maybe like to roll this out if we can do it at about the same debit just in an effort to buy it to buy ourselves some more time but right now we're basically looking at a maximum loss situation right here okay so that is that and do keep in my position sizing of course let's let's let's let's look at some potential examples with regards to the price patterns that we have discussed okay i just want to come over here and take a look folks about um how we're doing with regards to our technology here all right so chris yeah i i have noticed that hopefully hopefully we are doing much better here with regards to that lag and trust me i'm doing everything i can here on my end to try to try to resolve the buffering in that type of situation yeah really oh boy okay it looks like possibly we we still do have a little bit of an issue there i'll i'll try to i'll try to primarily stay on the charts here because i think i think the lag and those types of things already exasperated when i go to full screen okay alrighty well let's look at some examples here then earlier today we had a nice example of a breakout with the market kind of fading as the day's gone on i don't know if we still have a breakout here here on fedex but it actually looks like we do you can see you can see right here that we have a nice breakout of this resistance level on fedex so let's bring a line across here to identify that breakout point right there we have a nice breakout of resistance on fedex one thing that's a little bit troublesome right here it looks like we have an earnings announcement it is coming up here and like sometimes in our macintosh environment here where charts don't clear up and give us information like to get it looks like that looks like the the earnings announcement's going to be coming up on on about 6 23. i don't know we'll be able to squeeze any kind of a trade in there with regards to a breakout we've got going on here 23 624 627 let's see we have here come up here to the trade page the fedex you could buy the stock and sell the stock you know there wouldn't there wouldn't necessarily be any carbon doing that it doesn't look like we're going to be able to swing anything in this area right here let me try something a little bit different folks i'm going to come over here and just see on i just want to pull up the s p 500 here and sort by symbols and i want to see if we catch fedex here in the s p 500. usually i can pull up the information here yes we have earnings 623 after the market come up here so we can go to whoop that 6 24 would be nice if that was just a day shorter here 6 22 that's only going to be three days so let's let's let's do this let's go ahead and try to take the just a short term trade here 6 23 after the marks we could stay in this trade till 6 23 we can stay in it after 6 23.
i'm going to click on the i want to come over here and take one more look at the chart so from a theoretical standpoint this old resistance level that we're breaking above becomes a new support level i want to add an additional study down i'm going to change the studies we have here for just a second because what we'd like to look at is we'd like to look at average volume [Music] because if you have volume on the breakout that does that does that that that adds to the theoretical probabilities that that breakout will hold up as a support level you can bring up the volume [Applause] average study this one right here and then right now the the default setting for this is 20. only part of the investor that wants to take that up to 30. and i have a line here that we can see a little bit better in our light chart environment right there and also darken these guys down as well okay and i've got volume average let's apply that and there we go okay as you can see that we that we definitely have a nice volume spike so obviously there's been some kind of news that there's most likely been some kind of news that has come out for fedex prior to the earnings announcement and that has affected the stock in a positive way will that hold through the earnings announcement well it's possible but we actually don't know the answer that we could do is we can enter a trade go ahead and go along the stock here and then see how much continuous movement we possibly get to the upside if we get enough movement to the upside up here we may feel okay holding it over the earnings announcement that we have some profitability that that that that we have achieved however if it's kind of vacillating here and sort of flatlining here at this support level right here then we can choose to exit the trade if we drop down below the support level we can choose to exit the trade before june 2030.
so with regards to setting a potential exit here down below this theoretical support it would be helpful if we had the average true range study down here at the bottom so let's bring that up steady and let me make this so that we can see this a little bit better i'm going to go on the average true range like i want to go on a you know what i'm going to go ahead and stay with 14 on that you play the part of the investor that's okay going with just the standard one okay so this so this gives the average to range and notice the average true range does include this big gap right here investors uh i'm going to go ahead and try to go to full screen here for just a second and doing that i'm going to i'm going to take a look at the chat window to see if i'm still if we're still having issues with buffering okay all right here we're we're right right now we are we are conducting a test of buffering i just want to kind of know where we're at with regards to technical issues so with with with regards to the average true range average two ranges of study it gives us an idea of the volatility of the individual security sometimes if we're looking at setting a stop loss if we're looking at setting a price target we will we will use a random number and sometimes we will use a percentage of the existing price the nice thing in the and the and the advantageous thing in relation to using the average range is is it's correlated to the price of stock but it's also correlated to the to the volatility of the of the of the price of stock as well so for that reason we'll play the part of the investor that is looking at using using a percentage of the average true range and assessing the risk of the downside now you could also use the average to range with regards to setting a target to the upside as well you could do that and that and that may very well be something that would fit in from a from a from an active trader's perspective okay let's take a let's take a look at applying this though okay all right and let's see full screen makes you into stop motion okay that's the last time we'll do full screen i'm going to stay away from that the end i've got i've got engineers on call but sometimes it takes a little while to show up you know hopefully hopefully they'll be here pretty soon so we'll go ahead and uh we'll we'll we will not do the we will not do the full screen anymore today although i do like to do the full screen i think i think i think it helps explain anything but we'll just we'll just we'll just stay with with what we have here folks okay all right so um let's go with with regards to this huge gap that's occurred this huge gap occurred as part of an announcement we want to keep in mind that stocks usually stocks usually don't have announcements on a day-by-day basis so because of that rather than use the average true range we're at here i'm going to use the average free range where we're at before the announcement because i don't expect another announcement and with regards to the earnings that will be an announcement and that and that could have a significant impact we may choose to exit the stock depending on how much profit we may obtain up to that earnings announcement so rolling over the average true range of that particular that particular point it looks like the atr on this is about seven dollars and 58 cents so what we'll do is we'll go we will go um 25 of the average true range below this theoretical support level with regards to setting an exit on this trade or or another we're setting a stop loss so i've got seven dollars and 58 cents that's the average true range right here before the move to the upside and i can see the number over here i go when i hit that guy right there i'm sitting at 758 i'm going to multiply that by 0.25 so it's 25 percent of the average true range i'm going to come down below the support level by that much i want to find the difference between 25 percent of the average true range and the theoretical support level that i have right here let's say minus two two four point nine seven that gives us a stock price here then just gonna drop it down 223 dollars and seven cents that's going to be where where our stop is at now we have a nice gap we have some strong volume this is actually holding up fairly good in relationship to the overall market so we'll be looking at going ahead and entering in based on the breakout of the resistance level and the strong environment we currently have here today looking at entering in here at about 229.33 so to calculate our risk per share we want to find the difference between our entry and our theoretical stop right here so this is already a minus sign right here so i'm going to do plus 229 that thing's moving around i'm going to use i'm going to use 229.40 a little bit above where where we're at that gives us our risk per share then of six dollars and i'm just gonna round that up to 6.33
so so there there there are two things to look at here investors one is going to be um how much when we when we look when we look at our risk per share here how many shares do we want to do okay and we had one way to and one way to address that would say okay let's say we're okay risking two thousand dollars on the trade we take our two thousand dollars and we're divided by our risk per share right here that would give us our number of shares [Music] then we want to take that number of shares and we want to multiply that by our entry price right here and that will give us our our total investment and we want to look at our total investment as a percentage of our portfolio and see if that percentage is acceptable it may or may not be it may or may not be an acceptable percentage with with regards to our world portfolio but the important thing to want to keep in mind is we want to look at both of these numbers if we just go by our risk per share right here we want to keep in mind that this stock this stock took a huge gap to the upside it could take a huge gap to the downside particularly on a earnings announcement and if it takes a huge gap to the downside and gaps below our theoretical stop price which is going to be sitting some somewhere here at about somewhat somewhere about this level about 223 but gaps all the way down here will be filled down here rather than up at this area right here and that's one of the reasons we want to take this into consideration is realizing that something somewhat cataclysmic can occur and we want to be mindful of that so let's first of all start off by saying we're okay risking um two thousand dollars then so we'll take our 2000 here let's get rid of this guy two thousand dollars and divide that by six dollars and thirty three cents i lose what it was and that would suggest we could get 315 shares i'm just going to round that to 300 in the case the investor may want to do cover calls or something along those lines but if we spend we get 300 shares and we spend 229 for those shares we have a total investment of 68 hundred now sixty eight thousand seven hundred may be okay for many accounts uh but if if if if you're looking to get some diversification with without over diversifying and that's 60 and that 68 700 equals 70 to 80 percent of your of your portfolio of your portfolio value which would be all your positions plus cash all the other types of things then that may be too much if it is too much let's say that let's let's say that we're looking at say you know what 68 000 is relatively high i'm looking at this from the percentage i want from the percentage of the holding i would like to have i'm okay with 25 000. you want to take that stance and say okay i calculate this based on risk per share but it's too high i'll just take a 25 000 investment here i'll divide that by the that's jumping around now it's 230. 230 and that looks like i can get 108 shares in other words 100 shares we'll play the party investor that's okay picking up 100 shares here so to bring up the order then i'm going to come in here and do a right click i'm going to choose buy custom [Music] i'm actually going to i'm actually going to use an oco bracket order on this because i want part of this to get me out before the earnings announcement in the case i forget about it i can go in and i can cancel these when i go in there but initially i just want something okay if i if i inadvertently forget about this i want something to take me out of here before that earnings announcement after the market on june 23rd to use oco bracket i'm okay just entering the trade for today right here i'm going to set a i'm going to make both of these until cancelled okay here here's where we set our stop order so i'm going to put in our stop order right here the stop order is going to be at 223.07 and this order right here is a limit order and i'm going to put in a number here that says i'm actually going to change the limit order here just a little bit let's see if i can go mark it market order must have day time in force let's go back here to limit and let's let's set our limit order here to um maybe maybe i won't be able to do this folks i think there is a way to do it in the interest of time i may pass on getting too tricky here but let's go ahead and click on our gear right here see we've got here so this is our limit order time in force this is our limit price limit set to mark you know in the in the interest of time i'm gonna i'm gonna do this another way okay make your first trigger sequence like so and let's take this i'm going to take my limit order alpha here delete let's see we've got here some things over there on our real estate there we are so this is our buy order 100 shares it is a limit order but it's currently set at the existing price currently 2323 it's bouncing around here's our stop order i need to reset that at 223.07 [Music] hit that and we'll do a confirm and send send this into our holding center like so and that was filled okay so we bought it and we filled it now we want to put in an alert on this guys there's alerts right there and i want this alert on fedex next i'm going to click on the ask price here and i just want an alert with the day on it give me a date here right or below i'm not seeing a and i'm not seeing an option there okay so investors what we want to do and i actually like i actually like to like to pull up my picture here but what would like to do is have something in the system to to give us an alert on june 23rd because on june 23rd after the market closes we are going to have an earnings announcement um we're running a little bit short on time there there there's one or two other stocks that i would like to look at so next time we gather here and i'm not sure if i'll be here or if pat will be back but if i'm here we'll go through the process of identifying what we have on the thicker swim platform to give us an alert or give us a message on june 2030 in relationship to that okay were a couple of other stocks that i did want to look at with regards for example so here's fedex and another one to possibly take a look at is vlog now earlier today on vlo we actually had a nice bull flag was going on we had a movement to the upside to pull back here to the downside and we were bouncing and starting to move up here to the upside right here however we're starting to fade right now we're fading with and we're fading we're going into the body of this candle so we could do a conditional order base based on some kind of recovery and do a bull flag trade based on that if we were to do something along those lines my target on this would be the height right here of the of the pole here we are right here there's the top of the pole right there there's the bottom of the pole right there that's the height of our pole to come over here and duplicate that and bring it over here then put it right here and that would give us a target then on this one up at the at the 150 740 level i just want to identify yesterday's high yesterday's high that's going to jot this down was at 135 66 if we wanted to be above yesterday's high by 10 percent in order to take the trade and and when i say by 10 percent i'm meaning i'm meaning by 10 of the average true range the average true range is currently sitting at let me sitting in 550 so for a trigger to get into the trade then we've got 5.5 times point ten equals fifty-five and we wanna be above yesterday's high by that much by ten percent of the eights are now do we wanna go ten percent twenty percent thirty 30 or 50 well we're using 10 for our example if you're thinking you'd like to go lower that or higher than that that's that's totally fine okay the real the real answer to what to what is going to be the most appropriate atr will actually be in your trading journal based on a fair number of paper trades i'm going to add this to yesterday's high which was 135.66
this would be a this would be our trigger entry then at 136 21. so we got that and then we have our target at 157 [Music] 40 and we can put a stop loss at 20 percent below our support level right here 129.32 so let's do that i've got we've got target we've got entry let's put it let's calculate our stop loss we've got 5.5 is our atr we're going to go 20 let's go 25 below that your dollar 37 below support right here minus one two nine point three two so our stop then would be at one twenty seven 94 and in the interest of time folks because we're all short of time we'll just do 100 shares and assuming that is the appropriate portfolio amount taking into consideration risk per share and everything else we're just going to make that assumption the interesting time to put our trade together then we'll come up here we'll do a right click we'll choose by custom and we'll choose oco on this one and order to enter in i'm going to make this a um a stop buy order and that stop buy order saying the price needs to go up to 136.21 and we'll give it the rest of today we'll just look at this we're looking at this primarily in relationship today so if the market gets strong going in and close that'll take us if it doesn't it won't and then we have our target order right here that's our limit order right here the limit order is going to be at 157 that's our limit order and we'll make that good till cancel and we'll make our stop order good till cancel then our stop is going to be at 127 0.94 i believe is where is where stop
was at and we'll just we'll just go with 100 shares okay all right so this is all conditional do a confirm and send and we'll sit we'll send this to our to our holding center as well we'll send that in excuse me so it's always a relief when we do that investors to see that no order was filled because we have a contingency with regards to entry and we have a target up here and we have a stop loss down in this area right here okay hi everybody let's let's go ahead and let's go ahead and wrap things up here for today i just want to take one one look over there in the chat window to see if there's anything uh that i can possibly answer with access to the platform here that might be difficult for barb looks like bar's been doing a fantastic job of addressing all your questions there well let's go ahead and wrap stuff up here all right so what did we want to do here today well we wanted to review market highlights we wanted to discuss breakouts breakdowns and flags we wanted to demonstrate how to place a paper money trade i believe we covered all three of these areas just just a little bit of a heads up folks love to see over there on twitter i post things on twitter related this area as well as other areas of investing my twitter handle is at kroc underscore tda i also strongly encourage you to follow barb on twitter she does a great job and and posts a lot of great information there her twitter handle is that be armstrong underscore t i'm sure she'd be more than happy to send her twitter information to you over there also just circle your calendars for thursday at 3 p.m eastern time barb teaches an excellent portfolio management basic session so don't forget to circle that on your calendars in wrapping things up here today investors and wave disclosures do be mindful that our content is intended for educational informational purposes only it's not investment advice or recommendation of any security strategy or account type well hey everybody usually usually at this point i i i like to pull my picture up to give you a more of a personal thank you and a personal goodbye however we do have issues with the offering i will continue to work on that that is my number one thing that i work on each and every day i do hope that each that each and every one of you have a fantastic afternoon and evening that's the success you're investing and hope to see you back here once again next week bye everybody we'll catch you later thanks again [Music] you