Hubert Senters here. Let’s take a look at a question from Ron and then we’re going to talk about what a crock of shit happened today in the markets. Here’s a question from Ron. Less than two weeks ago I bought VIR after 2 candles above the cloud at $35. It started up slightly and yesterday it closed around $43. Today, it opened at $53.25. I don’t look at news items. I know about greed at the top (don’t buy) and fear at the bottom (sometimes a good buy). However, I had fear today on the way up with VIR. Had great profit. Sold it at $53.25. Afraid of losing great profit. Well it closed at $77. I want to learn from this trade. How would you have handled this situation? Thanks, Ron. We’re looking at VIR entered at. So I’m assuming you entered at $35 on VIR. Let me just look at the chart. I don’t think you did anything wrong. When you have vertical moves like this you’re damn if you do and damn if you don’t on these type of moves. When you get moves that go vertical like that it’s not a terrible trade. If you’re saying you got in it $53. Let me see. So you bought it two weeks ago at $35 and you jumped out at $53. Here’s basically your trade. You’ve got long right here. Put this area right underneath your buy. That’s probably right in there. So you bought in on that bar and you sold on that bar. I don’t think it’s a bad trade especially as vertical it went. You could definitely squeeze some more out of it. So one thing that you could do to fix this if you’ve never traded explosive moves that go like that. Reading tape is very beneficial. It takes like I said about a decade to get good at that stuff. Another thing that you could do is use a Parabolic SAR so I’m going to remove Ichimoku and throw on a Parabolic SAR and you can kind of see what that looks like. I’ll just do it on top of it so I’m going to go like this insert analysis technique and then i will go Parabolic SAR. So in this situation you would still be long and your stop would be $44.60. So at this point I would dial it down and go I can probably do better by using the 60-minute chart. So in this example, you would have made slightly more. So this would head you long and then you exited right here at $91.58. Now, I notice it did not get the dead high and the dead low nothing can in my opinion. But this is the way that you can use a systematic approach on vertical moves up and down and take some of the pressure of you to make the right decision. I don’t know about how you gap fill but the stuff that Robinhood and Ameritrade and stuff did with those retail investors to death. That’s just wrong. What’s good for the goons should be good for the gander. It’s supposed to be a FREE market. It’s not supposed to be a no, I’m going to protect you from yourself. You know what I’m saying? It’s really disgusting. I don’t like it. And I fully support everything that Wall Street Bets guys did. I think it’s the way the futures going to have them. And at Wall Street doesn’t learn from it. I think they’re going to have an issue on their hands so I don’t know how you guys feel about it but the cool thing about is even if you don’t get behind or believe in the Wall Street bets theory of what they’re doing. You could still place a trade so if we look it like GME. And you’re like I think those guys a bunch of idiot. Okay. That’s fair market too then place the trade, short it up in here and let it drop. You’re entitled to your opinion. If you think it’s going to go to the moon you’re entitled to your opinion. Buy it and hope it goes to a thousand. That’s what makes a market. But when you start putting constraints on people and say you can’t sell. or i would just say you can’t buy this equity. You can only liquidate your position. Stuff will just go up like if you’re only allowed to buy in order to liquidate your position and there’s no selling allowed to happen on the short side. This is outlie. This is outlaw shortselling because what’s the point and if we can’t do it. Anyway, that’s a rant on my side. Good luck. Hope it helps. See you on the next video. Hubert.