Short Term Bullish Strategies | Trading a Smaller Account
smite test okay we're good [Music] good morning everyone welcome to trading a smaller account i am delighted to be back with you with most of my voice this morning my name is barbara armstrong i'm a coach with td ameritrade and this is trading a smaller account so my question to you and my question to myself a lot of this week is what do you do when the market doesn't seem to have its mind made up and you have a chunk of cash and you don't want to just leave it sitting there doing nothing how might we consider employing it so that is the question that we are going to explore this morning as always it warms my heart to see so many of you here like up to half an hour ahead of time and you're engaging in the chat you're helping one another out um so thank you all for being here and for being so participatory good morning to doug and ap 514 and radio wayne and lamar and sandeep and uh ken and michael and vijay and sea gardner and anthony and krishna and ken and jeff and marcy and kate uh kj and ganesh and michael kazak and joel and laurel and scott and peter and the list goes on and marcy glad to see you got out of bed there are people here from clear across the country so we have people here from san francisco we have people here from michigan i'm tuning in to you from utah it was dark when i started you can see if you i don't know i'm probably just going to mess things up but you can see out my office window behind my poster there um you know that the light has now broken on another beautiful day here in salt lake city so let's get down um let's get down to business because as always we have a ton we want to cover if you have questions please type them into the chat i will do my very best to get to those as quickly as i can if you are brand new here today like be um i think you're going to be delighted that you found us so welcome we have michael tuning in from spain so um literally we have people this is like an olympic event right we have people here from from all over the world um if you are one of actually the majority who don't have the privilege of joining us live live or haven't taken that opportunity yet and you're watching in the archives you are you know you can ask questions just by typing them into the comment section below in youtube um i do look at those at the beginning of every business day and i'll get back to you quickly on those um also um i am in the land of the little bluebird the world of twitter there's my twitter twitter oh my god i can speak honestly guys um my twitter handle at b armstrong underscore tda we're going to look at several of the stocks that i posted things about in twitter this week so it's another way for me to communicate with you outside of webcast like this it's a way for you to be able to communicate with me also i sometimes throw some personal things in there like last week when i was skiing in big sky unfortunately i brought covid back as a souvenir so uh i've been staying very close to home my big event has been to walk to my lower level to watch you know a movie or some of the olympics this week so yeah anyway let's get through our important information so that we can get right down to business um everything this is an intermediate level class so all of the strategies that we are talking about i'm assuming you understand what the basic strategy is if you don't let me know and i'll take 20 or 30 seconds and give you a high level overview and then what i'll do is in the top right corner i'll post a link to that strategy okay so that you can go back and kind of watch a a walkthrough from the getting started with option series which i teach on tuesdays at high noon eastern um know that options aren't suitable for all investors there are special risks inherent to options trading that may expose investors to potentially rapid and substantial losses we do discuss that in each and every class if you're new to td ameritrade you have to apply for option trading privileges you also have to apply for futures trading privileges and we won't be talking about futures today but know that um you know we do on occasion in this class also in order to demonstrate the functionality of the platform we use the thinkorswim platform about the paper money side we do use actual symbols but that isn't to be construed as a recommendation anything that we do is an example um it's not to be construed as a recommendation on the part of td ameritrade or myself any investment decision you make in your live account um that's on you and laura i noticed your compliment thank you very much it's all about the lighting yeah so and know that all investing involves risk including the risk of loss okay so what's on the menu for today and this looks like remarkably familiar every other week i feel a bit like a genie in the bottle and that you know we have this teeny tiny agenda but phenomenal things that we want to cover in our 45 minutes together each and every week so what we're going to do is look at um what's going on in the market currently and one of the kind of tough challenges about this class is that we started as the market open so who knows like quite how the market's going to open we do look at the futures ahead of time we're going to review a couple of our previous positions and discuss some trade management approaches today we're going to talk about a trade that we have on devon um which is an energy stock um a covered call and and look at how we might manage that and then we're gonna as always place um several new example trades that we'll get to manage in the upcoming weeks so that's what's on the menu for today so let's get right to it okay let me come back to put me in the corner we're putting barbie in the corner okay so let me just now i just looked in the corner here we started this year with twenty thousand dollars so we're you know our assumption is that we have a twenty thousand dollar account just to kind of um cover these basics for those that are new so we're assuming one we have twenty thousand dollars and that's what we put in the account as of jan 1. and then the second thing is our position sizing is we can't have a position size bigger than 5 000 which is 25 percent of the account size which may seem ridiculous now if you have a million dollar account would you put a quarter of a million dollars into one position no but when it you know or likely not but you know when you have a smaller account sometimes you have to take a little more risk in order to be able to do some types of trades now some might even with a twenty thousand dollar account say you know that's too high and that's totally up to the individual investor that's you know our trading parameters but even within that we can put five thousand into a trade if we were to buy a stock and say sell a covered call do a buy right strategy um we still aren't willing to risk more than 400 on any single trade and and we try and stick pretty firmly to that we might go four or five or four ten are we going to go 500 we are not now you know in your account you could do whatever you like but that's the rules that we are playing by in this account okay so just to kind of set the scene there okay so let's come up and look at the s p 500 and if you've watched any of the other classes that i've taught this week i i've kind of shown you how we can come below patterns here and we can kind of look at um you know what the the market has done this is a one-year chart and in the last year the market has obviously been up trending and then we saw this pullback you know of about 10 and you know in order to see that if you're newer to think or swim you know we're this is always so frustrating yeah you know we're down about 11 from the top here at the beginning of january you know and if you want to see these numbers as a percentage we can come to our year-to-date number and so we can see today it looks like the market you know it is is has opened about where it closed last night and is trying to rally and what this is saying is you know year to date we're down six percent on the s p we're down even more on the nasdaq we're down close to 11. and right now you know the nasdaq it opened about where it closed yesterday but but it's trending red now as we've seen many other fridays so far this year you know the market tends to have whiplash within a certain with it within many days and where it opens may not be anywhere near where it closes so we'll just have to wait and see um the russell which we had some fun trading iron condors in last year you know if we back up and look at this you know from a year perspective this was such a solid this was such a solid um support level here and it held all year you know until and until it got to you know the beginning of this year and then it fell and it fell dramatically and with this being about a 200 point range what did it fall about 200 points and it took the express train to get there my friends so now one could look at this and say well is this a new support level and if it does come back up here to this level is this now going to act as a new ceiling instead of you know maintain its status as it did all of last year as a floor and the answer is we don't know but it looks like like the other indexes you know it has opened about where it closed yesterday um and in the case of the russell that's trying to rally but this too is down about 10 year-to-date so if i go back to my year-to-date number you know we're down almost 10 percent so for people who are saying you know wow i ended the year so bullish well if you were in a bunch of bullish positions what this is telling us is that in all likelihood there has been some pain you know in all likelihood there has been some pain so in this class what we're trying to do is take advantage of whatever the market is doing and it could be bullish it could be bearish it could be neutral um and and and we are often looking for small wins rather than trying to follow the trend in one position over months at a time excuse me so this is a very active trading class even though we only get to meet for 45 minutes now one other thing that i do want to say is that um i teach a long options class on mondays at noon eastern and in that class which i didn't teach because i was sick this week so i've been gone the last couple of weeks but in that class i will take positions and put them into this account so i'm trying to treat it somewhat like a companion class to this now not all trades in that class will go into this account but i will sometimes place trades that go into this account and i will sometimes manage trades that we have placed in this account so just like you um you know we don't get to meet twice a week but it's a way that i'm trying to finagle um an opportunity for us to be able to talk about some of these trades and place additional trades because 45 minutes a week isn't a lot um to be able to dedicate but the last two years we've been up about 50 in this account which is a pretty good return on a one-year basis it certainly beat the benchmarks will we do that again this year who knows you know at this point we're up about uh five percent you know we're at 21 156 so far oh sorry just suck let me go back okay so the last of the indices we wanted to look at um the dow is only down about three and a half percent um but it's still down and of the four of the major indices you know it's the one that actually looks the healthiest isn't it and some might say well is this a big double top setting up um or you know some might say i spy like maybe a potential double-headed head and shoulders it could be you know we don't know okay but the vix is as we might expect higher i in fact i redrew my line because for a long time we were trading between kind of the 15 and 20 mark but of late we seem to have spiked up every once in a while to this 25 and that's where we're sitting closer to today but what that means for us as investors is what well it means we might want to consider some selling strategies okay so um if we were to go back to our agenda that's kind of what we're looking at from a current market perspective now which of the sectors has been strongest i find that the quickest way to see that is to come out here oh and i've got to log in again sorry it kicks me out oh sorry i had my caps on i can type honest engine i find the quickest way to see this is if we come to research and ideas sectors and industries and and there is a reason that i'm coming out here so today energy is the strongest and we have seen that an awful lot in the last three months if we take a look at you know the last week what's been strongest oh materials coming around the corner technology coming back and consumer discretionary coming back and then healthcare and financials energy has been kind of pausing over the last week but how about we look at the last month energy weighing ahead energy financials materials and then we've gotten industrials and healthcare in the mix as well um at last three months energy financials so and you know materials getting you know kind of closer to the top of the heat now could there be other strong stocks in some of these other areas yes but if we're trying to go with you know if we're looking at a positive trade a bullish trade we might want to be looking towards energy okay so i said part two was to come and look at some of our current positions and so one of the positions i wanted to look at was devin so we bought a cover we bought a hundred shares of stock at 48.58 when did we do that uh if we come down here to view trade we did that back in our first class january 7th um so we we started january 7th um with 100 shares and we had bought a previous covered call so if we come to our account statement we could see that we bought a call that expired january 21st for a dollar 22 and that ended up expiring worthless and then we waited a couple of weeks because it was sitting closer to support and we taught had a conversation around preferring to sell a covered call closer to resistance um brian there was no delay in class start so you may want to check the archive um yeah so so we then sold another covered call here on february 18th for 250. so part of the reason for pointing that out is we're up 551 dollars on this trade unrealized gains so with the market take it the market can give it the way right where the market giveth the market can take it the way um yeah so if we look at 550 um we would add another 112 to that so that's half our profit for the year it has come from this one trade but right now this expires in seven days and it's worth a dollar seven so we could capture that hundred and forty two dollars in profit by selling it now one of the things you may have noticed is there's this little blue dot blue dot means earnings is coming up what does it mean when earnings is coming up well when earnings is coming up volatility is higher and so if we look at that and say okay volatility's higher um could i come out and and and just how high sorry i don't know why that isn't linked when volatility is higher you know and volatility's at 60 percent and if we come and look at the charts we've got earnings coming up here on the 15th so that's next tuesday and i'm going to just change this back to dollars i apologize for the coughing guys um there's just not much i can do about that it's getting better um let me have a quick drink so here's the stock we bought it here it's been consolidating we're approaching earnings so if we rolled this out to march we're going to get a higher premium than you know if we wait until after earnings and let this expire worthless because we could let it expire worthless we could just say let's not press our luck what if this went down over earnings and if we look at the last couple of earnings i've got a smaller chart up here but it looks like it went up a year ago it went up on the may earnings looks like it went up on this one looks like it went up so the last three it hasn't had a negative response to earnings that doesn't mean it couldn't have a negative response to the next one um there are no guarantees but if we looked at this and said well what if i rolled this out to march you know given we were doing this as a short short-term trade so if i did the 55 strike in march i'd get 2.36 cents
and so you know we if we look at that you know we could say well that's another hundred and some dollars and we may not think that that's much but on a twenty thousand dollar account dollars is one percent and so what we're going to do is the example of buying back the call that we sold that expires next week and then we're going to sell another one and we're going to sell the 55 now it only has to go up you know two dollars and 12 cents for us to be called out and so you might say well why wouldn't we do like 22 000 other people have done and do the 60. well because we intended this to be a short-term trading strategy and we're okay with being called out at 55 we'd have a nice profit now you know we could you know we'll take this premium and so what we're going to do is come how do we make that happen we're going to come to our working orders and we're going to come here and cancel this order and then we're going to come in here to our trade we're going to create a rolling order and it will roll to the next available date at the same strike we're going to go all the way out to march 18th and so we're going to collect another dollar 43 credit now if we get called out on this are we going to be sad no it let's say it goes up to 60 bucks a share next week after earnings and we get called out right away well you know what is it and and could that happen yes it could will that happen in our paper money account no it won't we'll never be called out an option won't be exercised early in paper money but in reality could that happen yes and all that means is we got our mats gained faster and in this case we'd be pretty happy about that yeah so i'm just trying to put a kind of a framework around that so we're going to roll this out and we still have our 100 shares and we're going to you know send that along away we go and when that fills we'll put it in our um i i forgot to put that back in our buy right covered call strategy now there's another one that i thought might be interesting you know now that we're on the topic of buy rights and a buy right is where we're buying the stock and at the very same time we're going to sell a covered call and so if we wanted to put this on our charts by the way we can just come here to our drawing tool and put a line here oh there we go we got it we're going to edit this and we're going to say um we sold the 55 call and that's march 18th and we can have that show up on the right and then we can make this be exactly 55 so we kind of know what we've done and if we don't get called out are we bombed no we we own a stock that's been doing well and and we're okay with that now if we wanted to look at this on another uh stock in the energy sector well it's gone up today so it's up three percent 92 cents i was looking at the 28 call so we can see this has been kind of consolidating a little bit right uh it's been kind of in this range you're kind of going what is happening here well you know it it's this is a stock that has its ups and downs look at this um but it's been consolidating but you know the last several days it's gone from kind of this bottom to the top in this two dollar range so maybe we could sell the 29 and and buy 100 shares would we be upset if we owned 100 shares of baker hughes and so if we come and we look at our trade tab it's already traded 700 000 shares today if we look at the 29 call are we the only people that might have had this idea well for march there are already 2 300 contracts on the books six calls have been bought and sold today at the 28 and could we do the 28 we could but if we look at the 29 you might be saying like why would you go such a short distance um so if we're looking at this does this have earnings this one's already had earnings so jerome um in the chat made a comment about you know does earnings next week matter well earnings we were trying to take advantage of the fact that earnings was next week on devon by selling that call when volatility's higher and we looked at the last four earnings announcements and uh we did that as a way of trying to ascertain what direction might be likely and of course there was no guarantee so that's an answer to that question i hope if not type something else into the chat and i'll try and get back to you on that okay so with baker if we look at this and say you know it's just a little bit higher but remember base hit base hit so this is a way of looking at a base hit and i can see that cameron may has joined us in the chat um and it's cameron may um who introduced me to this concept of buy right covered calls actually and and i'm grateful to him for that because i thought originally this was the dumbest thing i'd ever heard of like why would you buy a stock which is bullish and then sell a covered call on it right away and he said because you could in you know use it as a you know i'm paraphrasing as a base hit strategy where you might make you know one to three or four or maybe even five or six percent in a in a short amount of time okay so when we come to baker now this bit ask spread is a little bit um high because of volatility here at the 155 and 170 you're looking at about 10 but let's just see what we get because when we're live in the market and we do buy we are paid actually the mark which is about a dollar seven now when we go to exit no guarantee that that's going to be you know the same which can make it a little more difficult to get out profitably but if we looked at this 29 and we just right click anywhere on this line come up to buy covered stock 2737 is what we would be paying to get in and what's the most we can make on this if baker hughes continues to go up is the difference between these two strikes so a dollar sixty-three and you might say you know that's not a lot but in this class that's like a dollar sixty-three if we round it to two hundred on a twenty thousand dollar account that's a one percent return on our entire account and you might say well on a trade by trade basis how attractive is that well let's see if i take a dollar 62 and we're live in the market so it's you know varying a little bit divided by 27 uh 35 that's almost a six percent return for a trade that we might only be in for how long while the march expiration would have us out at 35 days so if we look at that and say to ourselves self would i be okay with a six percent return in 35 days if you answer yourself yes then you know we'd say okay fire in the hole now you might say okay but aren't we potentially risking 2 729 you are smart yes we are so might we want to put a stop on this we might and where might we choose to put the stop well we could just say you know i think this 28 is going to hold so if it goes below that others might say you know i want to look at this i'd be okay to do this strategy a couple of times maybe so i'm going to look at this 2624 2624 times 0.97 so if it goes below 2545 i want out okay so if we put that in as a stop and if we're in at 2740 we're risking how much less than 200 dollars and you know our stop is going to be below this entire range so we're trying to set ourselves up so that we've got the greatest chance to stay in the trade and be profitable so we're going to come down to single order first trigger sequence right click create an opposite order we're going to make about a market order because we don't know exactly what that option would be worth make it good till cancel but we're going to say hey if baker hughes goes below 2545 we would like to call it a day 25 45 okay and then i'm going to click the next line if so if it's less than 25 45 we'd like to exit confirm and send our max profit on this 163 dollars it doesn't take our stop into account so it's saying if baker hughes went to zero this would you know result in a loss of 27.37 we do have an exit in place um now just because we have an exit in place is that guarantee that we're going to get out at exactly that price it does not and i think we we know that but it bears repeating because we have things that happen on occasion like facebook for example that gap down last week and um you know had we had a stop in place you know we wouldn't have got out anywhere close to that and so if you're new to all of this you might write in here you know goal is to get called out base hit strategy you know this is a note from you to you so no one's going to look at this and go look at what this crazy person wrote in the notes no one else is going to look at it yeah so there we go so we've teed that up and and i'll make sure that that one fills okay so that's that one uh let's look at how about we go and look at something outside of the energy sector um how about we look at wells and one of the challenges is that it's you know i can't really tell what's going to happen well so we can see here's the stock it was kind of consolidating broke out to the upside and then it it has just recently um you know broken out and come back you know had a one day pull back and is moving again to the upside so with this one given we're in the financial sector which when we looked at it remember you know 30 days 60 days 90 days financials have been strong and also um [Music] uh energy's been strong and that's why we're kind of looking at financials and energies because even though the market um is down year-to-date it seems to be struggling to kind of move to the upside okay so coming back to wells fargo could we look at this and do you know do a spread you know it's 58 a share so we can't really afford to buy a hundred shares of this and do you know a buy right and nor do we want to fill up our account with with buy rights we have a 20 000 account we can only do a couple of those um but could we do a short put vertical so if we look at this and say okay um could we come out three weeks is the bid ask spread tight enough well we have 164 contracts we have less than a 10 cent spread so could we do the 58 and the 56 and would there be enough juice to make it worth the squeeze well 50 cents that's about a 25 return on our risk we're risking 150 to make 50. and if we come and look at our delta on this we've got about a 63 percent chance more or less that this could be um you know this could expire worthless and that's the goal here um and so if we look at this and say we can risk 400 how many could we do we could do two and if we come to single order first trigger sequence right click uh create an opposite order we might say hey when we've got 80 of our max gain we would like to buy this back now some might say eighty percent why not ninety percent well why not you could this is you know you can do i just picked that as an example you could make it buy it back when it's a nickel you know so we could do either one and some might say you know now let's say next friday we've got 75 percent of our max gain we were willing to be in this trade for three weeks we'd have only been in it for one could we change our mind and say yeah i'm willing to get out for 13 cents free up this cash ring the bell take the unrealized gain and make it realize just because we put in an exit doesn't mean we can't change it so we're going to put that in with our short put verticals now others might say and i know last week and i i haven't had a chance to listen to the class yet i know james filled in for me while i was um in big sky having fun on the slopes um you know he talked about i think short put verticals and long long call verticals or short verticals versus long so if we were really bullish on this you know could we do a long call vertical instead and what's the difference well one of the differences is that with our strikes at 58 and 56 as long as it stays above 58 we're golden it doesn't have to go up you know if we do a long call vertical it's more directional but if it's successful the percentage of gain can be higher compared to what we've risked so if we wanted to look at that you know we could look at this say the the 59 and the 61 now has it it was it hit 60 yesterday so it doesn't have to go up a lot to get to 61.
so if we came to our trade tab and i i thought it might be interesting to just be able to compare and contrast so if we came up here and said okay we're going to look at buying a vertical at 59 so we could do 59 and 60 how much are we risking 54 cents how much could we make we could make 46 cents and it only has to go up you know 40 a 42 cents for us to see our max gain yeah and you know if we did 61 it has to hit a new high that it's not hit before but our gain is potentially higher so you know we've not done one of these really tight ones lately let's let's try this so what are we risking how much could we lose this entire debit so if we can risk up to 400 dollars how many of these could we do well we could do seven of them how much could we make well we could potentially make 343 dollars what are we risking 357. now could we put an exit on this as well we could say well maybe when we've got half of our max game when this gets to the point where it's worth 76 cents we might say you know which because the max gain would occur if this was worth a dollar right now you know we've got transaction costs here of nine dollars and 10 cents but we could come back and and do the same kind of exit thing create an opposite order and say you know what i would like to exit this when we've got half our max gain when it's worth 75 75 cents so that's how you would put that in and we could also put in an exit and say by the way if it loses half its value we don't really want to lose half its value we could put in an oco order so i'm not going to do that today um in the interest of time but you could just make this an oco okay so confirm and send we're going to put that in our long call vertical bucket okay using the price of the stock the price of the stock if it's a heavily traded stock you'll notice like with wells fargo this is trading five million shares over five million shares already today when we looked at devon it's already traded a million three so the bid ass spread on the stock itself pennies so the bid ask spread on the stock can it get wider it can um but it tends to be tighter than the options are okay so there was a question about that in the chat okay let's look at cvs and we don't have a trade on cvs this is in the health care sector so we'd have covered three sectors today um and again here's a stock that's been up trending nicely came down on earnings yesterday and is continuing to you know to rally today even though i believe it beat on earnings it just said you know we had these really rose-colored glasses on and uh with respect to our projections for this year and we've modified those a little bit and the market um wasn't super fond of that um but you know could we do on this one a short put vertical could we do the 100 would there be enough premium and you know it's trading at 105. so you know we come down here if we look at the monthlies the hundred you know it's it's a 12 we've got lots of volume on it and i so we get a 40 cent credit so we want 50 cents would give us about a 25 return on risk and so sometimes when we come and we look at these things i did this deliberately because i looked at this before the market opened there's not enough juice to make it worth the squeeze by our definition and so what are we looking for in this class well we're saying if we're going out 35 days we want a 35 percent return on our risk and if we can't get that then we're going to look at something else so then might we say okay you know i'm going to spit in the bucket and say cvs you're dead to me you're too expensive i can't afford you know well we could buy you know some shares we don't have to buy 100 shares but if we think that this might continue to the upside could we do a long call vertical here so if we look at the long call vertical you can say you know we still like the trend now these are five dollars wide so might this be a little rich for us it's if we looked at the first strike in the money the 105 and we said buy vertical 217 so how much can we make the difference between the strikes five bucks so the most we could make on this we could make you know 283 confirm and send how much can we lose 217 how much can we make 283 now you know do we want to wait until we have all 283 likely not but you know might this be interesting so we're going to put that in our long call vertical bucket yeah yeah actually i'd love to take credit for that the juice isn't worth the squeeze the first time i heard that was from someone who was a coach on our team for many years mike fallot but i i kind of liked it so i've adopted it so thank you to mike foulette for that one okay so what else could we go out and practice you know we don't have a lot of time so here are the ones that we are not going to look at today you know citibank and and i posted something on twitter so if you aren't following cameron may and i on twitter you were doing yourself a disservice but i posted you know something you know saying like hey do you see a double bottom here where it's breaking out or actually that's just come to the post where i already did all the work uh here was city so you know we had an inverted head and shoulders on a tilt with a breakout you know so could we do some type of vertical trade on this a short put vertical a long call vertical could we just plain old buy a call yeah you know so that's one that we might look at if we wanted to do some additional practice trades uh wells fargo did we already do this you know i'm i'm suffering a little bit from yes we already did wells fargo sorry guys i didn't check it off uh how about matt so you know here's an insurance company and it's part of the financial sector which is coming kind of crushing it we have a little bit of a you know cup and handle pattern here moving to the upside so you know what might we do here you know could we do a short put vertical could we do a long call vertical and where might we put our strikes so just some additional ones for us to look at um i was looking at putting on on ctva and this is moving to the upside so we had a triple bottom it broke out cortava is i believe in the indus uh sorry it's in the material sector i was going to say industrials so this is in the agricultural industry so could we do a buy right here somewhere close to where it's currently trading you know and so i'm going to go ahead and put this one on we don't have time to do this in class but what we're going to do is look at that march and we're going to do the 50. so you might say is she new i mean it's already a dollar in the money but you know if you kind of do the math on this um whoops and you say you know we could make a dollar 30 on a 48 investment um a dollar 30 and it's already there uh a dollar 30. whoops dang it okay let me just get my calculator here 1.30 divided by uh 48.70
that's a two and a half percent return um on a stock that's already hit the target you know so it doesn't even have to go up it could go down a couple of dollars and we would still break even you know and end up with a potential return of 2.7 kind of blows your mind doesn't it you know now could we lose on this trade absolutely could this turn out to be a losing trade yes it could so actually i've got it here we'll put an accident um but we'll put that in our our buy right bucket there we go okay so we've done a lot today we've placed a bunch of new trades we did one on baker hughes we did one on corte'va we did one on wells fargo we did a couple on uh cvs um yeah so we have been busy busy busy look at that um baker oh this is working orders here's our filled orders uh wells fargo devon we've got one on cvs tdot and on ctva teed up so we've got we've covered a lot if we come back here to our menu for today you know i think we did what we set out to do we took a look at the current market conditions we reviewed our previous positions um and then did something and then we placed some in some new example trades and quite a few for our 45 minutes worth right so guys i just want to applaud you for being here today i cannot begin to tell you how much i appreciate it i appreciate cameron may pinch hitting and joining us in the chat he always brings tremendous value with him um i i i'd like to say that i miss you guys and and you know last week i skied uh big sky and had an absolutely uh fabulous time but i hate missing this class it's like i know we're not supposed to have favorites um but this is absolutely um one of mine so just keep in mind that everything we do in this class is for education and informational purposes only none of it is to be construed as a recommendation on the part of td ameritrade or myself everything we do in this paper money account is for example purposes only but i think that you know we've linked arms we're learning a lot together if you are new and you aren't already subscribed to this channel you'll not only want to smash that like button but you're going to want to subscribe to the channel turn on the notifications and join us um week to week and if you're watching this in the archives as cameron loves to say please consider this an invitation to join us live at 9 30 eastern when the bell rings we begin our our trading day here in trading a smaller account um and know um of course that all investing involves risk we have shown several examples of trades that didn't go our way this year as well so thank you thank you have an absolutely awesome weekend everyone i will look forward to seeing you in long options on monday up next is getting started with stock investing connie hill um at noon eastern so take care everyone have an awesome weekend enjoy the super bowl and the olympics and i'll see you monday