 Hello everyone again and welcome to the new folks have just joined us here in the right place at the right time Which will be starting promptly in four minutes your host and presenter today Melissa Armo with the stocks wish calm Last person to join was tin cup to tin cup to thank you again everyone and welcome everyone I'm welcome. This is Kevin with online cater central We do want to welcome each and every one of you to the presentation today We try to be respectful of your time. We try to start on time We try to end on time and we are especially appreciated that each and every one of you We know the most important thing that anyone has is their time And we appreciate the fact that you've chosen to share your time with us here today Your host and presenter today is Melissa Armo with the stocks wish calm. We are Fortunate to have Melissa here with us again today And we do want to thank again each and every one of you and welcome you With that the sound of the trumpets, you know, it's time to begin Please put your hands together and welcome your host presenter from the stocks wish calm, please Thank you everyone and thank you Kevin and online trader central Let me know if everyone can hear me welcome My name is Melissa Armo And I own a company called the stocks wish LLC and today I'm going to talk about trading In the morning in a very very very short period of time just trading 30 minutes a day using one strategy That you can use to make six figures a year So let's get started Wonderful if you have any questions you can just write it in the room there I will see the questions as we go along And again, if you'd like more information you can go to my website www.thestalkswish.com or feel free to email me at melissa at the stocks wish calm as well So if you're a busy person and you have limited time You might be trying to think of some kind of way that you want to make extra cash But you're really just not sure exactly what that is And maybe you really your time is so limited that you don't have The time to take on another full part-time job where you'd work a full 30 hours a week But the nice thing about trading trading this one strategy in the market is that it sets up very quickly every day If you're someone also that is tired of your career Are working for someone else this might be a very good strategy for you as well And if you've never traded before and you've thought about trading before But you have no idea where to start Then this is a good place to start as well Maybe you also trade now, but you don't have a strategy that makes you good money You don't have a strategy that's consistent That sets up daily in the market or you don't have a strategy At all okay a lot of traders train the market, but don't have a strategy They think they do when I ask people what's your strategy. They describe something to me But it's really what I would describe as a play Instead of a strategy and we're going to talk about the difference of that today too And again many people that lose as traders in the market or investors lose because they simply have no strategy at all And really the key is to having a strategy and not only that One that works extremely well in the market because if you don't have one you need one Whether your goal is full-time income part-time income savings wealth or retirement There's one common denominator an ingredient that is necessary for lasting success in the market And that lasting success means that you're successful no matter how often you are in the market Meaning no matter if you are in it doing swing trading core trading options day trading No matter if you day trade twice a week or twice a month Lasting success means that you are successful on a consistent basis However, you do it and every trader needs a strategy This is the one key ingredient I'd like you to walk away from today and learn something from me Which is you've got to have a strategy if you trade it has to be real and it has to be good It has to be reliable and and it also has to make sense. Okay It really is about quality not quantity and trading the market When I trade in the morning, I'm looking for usually one good pick And I'm focusing on one strategy and not only that I'm looking for usually one good quality trade and that's it Now there are days sometimes that I might take two trades in one stock Or I might have two picks two different stocks same strategy But usually I'd say 95 of the days of the year that I trade I'm I usually only do one strategy One stock one top pick I have in one trade So I've devised a method to pinpoint really quality trades And I examine the daily chart of a stock to determine what kind of move it will make on the day Because I'm a day trader. Okay. And in what direction? I qualify each stock pick and if it rates per my 26 point rating system I will watch it for a trade setup on the day Highly rated stock symbols have quality entries, which means a good risk to reward Now I am going to go over actually a trade today that I called in the room That was a quality quality entry even though the actual strategy was just so so But in an ideal world every day you have a quality Pick and a quality setup. Okay Many go to target which allows for the maximum profit I'm going to talk about what I mean by that in a little bit too So the method that I devise is called the golden gap rating system. It's a checklist It's a checklist and again this goes back to the idea of common sense Common sense tells you that if you want to be successful in the market, you have to have focus Many people that trade do not have a focus if you learn my system It's very simple because you have the focus it is essentially your trading plan You don't have to devise a separate one for yourself Many people decide they want to trade and then they're advised by people they read in books You really need a trading plan and then people don't know how to create one and then they struggle with it Or they actually never create one and they kind of just put it off You really won't be successful unless you have a trading plan and the nice thing about my class and my system is it It actually is a trading plan at the time that I was creating it though I didn't I didn't realize that but then after I had created my system I realized that it really was a trading plan So all you have to do yourself is just decide how much money you want to risk in the market Now we're going to talk about making 100 grand a year So all the trains that I'm going to go over today, I used a risk amount that would Get you to that goal, okay Because that's the focus of today's webinar However, I will tell you that you're not capped at any amount of money you want to make in the market If you want to make 200 grand or 300 grand in the market using my system or more it is possible And not only that you can use it for day trading or even swing trading But the main thing I focus on in the morning when I get up before I trade and even before the market opens Is my one strategy, which is my rating system, okay And I do it in the gap and I go through the checklist. So I just go through the checklist and tally him up asking a question Do I manually go over the checklist? Yes, and I have been trading my system for seven years and the answer is yes And let me just go into a little bit more detail about that The best for the best the best, uh, how can I put this here? The highest chance of success for myself Is a direct correlation to the choices that I make in my own mind Okay So in other words a lot of people have asked me well, could you program this into a black box kind of system if you want to? But to be honest with you it will miss then things that you once you become an experienced trader, which I am We'll see okay Today's a good example, which I'm going to go over the trade from today in adobe You are the best one you are better than any computer if you know how to trade well People want to rely on indicators and machines to trade because they are afraid and do not trust themselves with the decision-making abilities And they're on discipline I trust my own decision-making abilities. It's one of the reasons i'm successful And I also am a disciplined person, but really discipline just comes down to following the system That's it. It's very simple. Okay And if you have something successful, why wouldn't you follow it? In reference to futures someone's asked me we'll work for futures This is a system that focuses on gaps. So you'd have to look at the gap Okay, the gap could be in a stock or an etf and that is how you would have to apply it Make sense The golden gap system that I created is a 26 point professional bearish gap rating system So I focus on the shorts although you can do use it for longs and I do teach a bullish gap class But I prefer the shorts The purpose of the system is to help you evaluate which stock that is gapping to trade each morning using a checklist And if you've ever had any experience in the us stock market, which is what the market that I trade in There are tons and tons and tons of things that gap every day So you really do have to have a way to focus on which one you're picking Ultimately you're at level of success to be able to make six figures a year in the market though depends on longevity and consistency Because you could have one great day or one great week or one great month But if you're not consistent, you won't see that number of making 100 grand a year or more And obviously if your goal is to make more than that to make 20 grand a month or 200 grand a month or whatever Your goal is you have to see the consistency. You can't be falling back. Okay You can't take five steps forward and and 10 steps back. You're not going to get there The golden gap course will teach you a strategy that will help you sustain yourself in the market And that should be your goal really I find a lot of people are short-sighted and they're trading But you can't be like that when I think back when I started I didn't realize it would take this long To figure out what I know now, but if I had looked at it more as a process I probably would have made money faster. So you you need to understand that this is a long range thing You're looking to do okay like change careers Really and long range doesn't mean it's gonna it has to take you a year It doesn't even have to take you six months But long range means you can't in your mind think I'm gonna jump into this thing and not pay attention to the learning portion of it because there is a learning curve There every single solitary person that has come to me to learn to how to trade and take in my class As a learning curve and I have had people that have taken my class that have traded for longer than I'm alive So know that I'm very good at what I do because I focus on this one strategy for nothing else but seven years It's all I do every day and now I teach it to And everyone that comes to me learn something because I'm an expert in this strategy, which is gaps So you want to learn from someone that's an expert someone said you need an edge My edge is that I'm an expert in trading gaps and most people out there that trade gaps do not do them correctly Do not do them consistently? Profitably do not do them well Trading is about consistency and longevity if you want to have longevity you need to produce consistent results Or you won't make ovens your grandi here The golden gap course teaches you how to get consistent results in your trading So what ingredient do you need to be successful to make six figures of your trading? And why are some traders successful and some are not okay? Well, we kind of we're talking about this a little bit earlier the bottom line is that trading is a serious business It's like anything else you would do or any other business you would start if you went to a bank and said I want to loan money because I want to start my own business Do you think that bank would just give you money without a business plan? No, you would have to apply for the loan You would have to present a business plan. You would have to have a strategic Outline of everything that you're doing trading is no different. It's you it's a serious business It's a business you got to look at it as a business when I get up and very serious in the morning with what I do I don't want to talk to anyone. I don't want to I don't want to engage I want to focus on the stock I I want to have yes. I have my coffee. Okay Trading is a skill that can be mastered if you learn one specific strategy to trade and think of it like a business And I say book money and stop Okay, you're you have one job your job is you get up in the morning and you make money or stop And that's why I don't really need more than one trade. I have one job make money. Boom. That's it one one job That's it once the job is done. I'm done. I'm done and go back to bed or go to the gym Making money in the market. It's not about quantity. It's about quality and many traders trade all day to four o'clock I don't do that. I'm done very quickly in the morning and traders that trade all day tend to give money back to the market It's exhausting It is not a function of luck. It is a function of skill to be successful in the market You've got to learn the right method and skills and you can create your own luck Many people do not take trading seriously enough Luckily, I'm a very serious passionate person Who else would think of 26 points but me? So I think that's one of the reasons I've done well with this because I've always took it seriously But I take money seriously. Okay, I take it very very very very very very seriously So I think if you have that mindset you'll do well Some people do but don't allow themselves even a chance to be successful And this is what I'm saying, you know, give yourself a break and understand there's a learning curve here And maybe you've taken classes or learned other methods before mine or been trading and not had success Again, you got to give yourself a break. It doesn't mean you don't trust your instincts or trust yourself to make decisions in the market Or to trade or ever do a class again If you would get to the point where you stop trusting yourself or your abilities or your own ability to make decisions about things All is lost because you do have to trust yourself. I'm not there pressing the button for you Even if I tell you what to do You have to learn how to trade focus on one strategy and not only that learn a strategy that is consistent. Okay So what strategy can you trade and make money in 30 minutes? It's called golden gaps They set up in the market daily Okay, the moves happened very quickly in the morning into the open between 9 30 and 10 Many gap trades set up and are done in the first hour of the trading day But I'm looking to get in between 9 30 and 10 You can usually get 75 of the full days move of a stock in the first 30 minutes between 9 30 and 10 I know that sounds amazing, but it is true. So there's really no reason to trade all day Because I know sometimes it's like well, you can make a little bit more But is it really worth it? Is it worth if you just sit at your desk for four more hours to make another 35 cents? No, that doesn't make any sense Okay, and also the longer you're in a trade the more you're at risk And if you don't know that already I mean you should so the faster i'm in the faster i'm out The better my day is and the more money I make Gaps happen on a regular basis and they happen with momentum This momentum provides the opportunity to train to make six figures in your profits So you have to have momentum Otherwise you don't get paid if a stock just moves a teeny weeny teeny weeny teeny weeny bit here and there You're really not going to make money in the market. You've got it has to move Okay, now for those of you that don't know what a gap is i'm going to do a brief explanation of it here Some of you probably have heard of gas before but i'm still going to go over it A stock gaps in the opening price today is different from the closing price of the previous days trading This is a basic definition of what a gap is a gap is a break in the price action from one day to the next So a gap is a strategy in the market and as I was discussing earlier, you absolutely need a strategy to trade So this is not the entry This is not a play. This is not a trade. This is a strategy This is the definition of it Now what is a gap? Let's this is a daily chart. Okay. This is a daily chart of michael kors Michael kors closed up here the night before it says on the 26th of may At a certain number whatever it was 60 dollars in some sense and change and gap down here to around 49 something So the stock gapped meaning that the closing price on this day here of the gap of the 26th And then where it opened on the 27th the next day when the market opened at 9 30 was a different number In this case, it was a gap down It could have gapped up either way if it had gapped up to 67 50 that would have still been a gap But it would have been a gap up It would have been a gap though because the closing price here and the opening price here would have been different Okay, so that's what a gap is very simple explanation So you're looking for these you can scan for them in the morning a million different places to find gaps Again, I prefer bearish gaps, but I also teach how to trade bullish gaps like if this had gapped up Now why do gaps work so fast? One of the main things that's so enticing about my strategy is the time that it sets up and is done Gaps work fast because there's a sense of urgency creating gaps. It's a panic effect for shorts Or I better buy it now or i'll miss it emergency effect for long So if you're looking to go long It's kind of like you get the big move it along in the morning quickly because it's like Oh my gosh, I have to get it. I have to get it. I have to get it It's like an emergency that you want to buy it and again, it's a panic effect for shorts. I prefer the panic Either way though, okay Whether you get a longer short something has to be done and it has to be done now in the opening of the gap And that happens when the market opens at 9 30 That is how people think of it So i'm kind of explaining to the philosophy behind it because if you understand that you'll it'll help you understand What's going on in the stock one of the reasons I do well when I'm determining what to do Like I fill out a worksheet if you take my class. I have a worksheet. I fill out my worksheet every day Someone said do I do it manually? Yes every day I fill out my own worksheet for each individual gap in stock and I say how do I want the stock to set it up on the open What is the exact ideal entry? And I write it down and I write it down so that I know what i'm looking for when I go to grab the thing And then if it sets up the way that I want to then I take it, okay But i'm understanding what people are doing in the stock and that is enabling me to have the conviction to take it And go after it aggressively right at that time period When many traders actually wait till after 10 o'clock to take trades I would never do that. I don't take something if it's after 10 if it hasn't set up Then I I feel like there's no money for me to be made there. I know that sense larry's, but it's true Okay, I pass I wouldn't see the risk to reward It's how people feel and think and the reaction to the price gap that makes it go fast into the open And that is really the philosophy behind why gaps have so much momentum and they're also made by institutional money I'm not going to go into detail about that today, but the bottom line is that Powerful money in the market is what moves stocks in either direction whatever one they go And that is the way that individuals like you and I are able to be profitable in the market If you want to make good money in the market, you have to be consistent with your strategy And the big key is you go and you look for the same thing day after day after day after day after day What is one of the benefits of doing that? You get good Even if you did one thing every day for three months What is it 30 days you have to do it you develop a pattern of habit after 30 days I think they say 30 days of the pattern of habit Many traders don't even can't even get to the point where they're doing the same thing every day for 30 days I think one of the best things about working with me is I develop and people force the development Of the habit of doing the same thing every day after day So I force the habit upon you with the discipline that people need I'm also finding the plays and the gaps when I'm directing people and on top of that Then it forces the discipline on you to do the same thing And then over time as you continue to do that same strategy daily you get good And obviously as time goes by the more time goes by the better you get If you have no strategy though, you have no consistency now We're going to talk about mu mu actually gap down. This was over here in the 15th But the next day there was no strategy in playing mu So I actually do a different stock symbol every day Okay, because I'm looking for a new gap every day So I don't get up every day and play apple or netflix or mu I get up and look for a quality pick It's a different ticker symbol every day because there is not a strategy setting up every day in every stock There isn't And so that's another thing that people find that that they're doing when they're when they're treating and they can't find the level of Consistency they're looking for things in charts that just aren't there. It's just not there There was nothing to do on mu here on the next day But on here there was a play And on here it was a play because it gapped So you could have gotten up in the morning found the gap and rated it Now again, let's go over what a gap is a stock close up here 25 15 or whatever it was the night before and gap down here to 24 something next day So the difference between the close and open was a different price number again It could have gapped up but a gap down The most important thing you need to get from this webinar And what many people learn from me is that you need to plan a faction to trade in order to be successful In order to make six figures a year or any amount of money quite frankly in order to win to win in the market You need a plan of action You need a plan of action in place in order to be successful Trading and you need to prove in strategy and a system that works in order to make money trading You absolutely must follow this plan to achieve success and I do not deviate from it In fact, some days I call amazing trades and I just don't do them myself But I might call them in the room because I don't get the gap rating Or I don't see I see something about it. I don't like and then it even still goes on to work I am so strict right now with what I do And I think when you get to that point is when you get to a point where you're where you really truly Have confidence and conviction in yourself in the market because you know that if you don't get the play You want today from the market you will tomorrow And and I know this like I talk about this. I'm like I just wait for the market to give it to me I'm like I just wait for the market to give it to me There was a time in my trading where I used to fight stuff I would fight and fight and fight and fight and fight and fight fight fight to make it work And I never never went anywhere. I mean you cannot force things things to move Okay, you just gotta just let it come to you However, you need to know what that looks like So why do people fail and why do people lose money trading number one? They have no plan of action, which is essential number two They have no focus which is really basically something that many people need guidance for which I'm mentoring people on Number three. They have no strategy or play again. I teach us in the class and number four. They have no mentor And even though I am a very busy person at this point in my career in life I still do make people Time for people to talk to them and email them when they have questions for me And really the time to get me is in the live trading room There to ask me the questions that you need But I take pride in the people that I've taught for them to be successful. So I make myself available to people Also, the never one reason why people lose money in the market is they do not have a system in place that works They even may have a system, but it doesn't work And if you're doing something for a while and you're not making money, then something's wrong You you honestly if you aren't doing the same System like just whatever you bought a system whatever it happens to be and you've been doing it for Six months a year more on a demo or live and you're not making money that it doesn't work You just got to say enough. Okay, sometimes people will cling to things And then they want to try to say it's them. No, it's probably the system doesn't work. Okay They do not have a system that is specific enough specialized enough detailed enough focused enough and meaningful enough to the Real trend of the stock and this is very very important because you have to take the trade in the right direction to make money Now this was adobe adobe from today and I will tell you that it ended up going to the full-on target It actually went past the target. I said 78 for this then on the day went through and broke through 78 And again another beautiful beautiful move that happened very quickly. Okay, so let's just look here Here's where adobe closed the night before And here's where adobe opened today the stock gap down Again the closing price is different from the opening That's all the gap is and you would get up in the morning when you would rate adobe Now I call this trade in the room in the morning adobe Rallying and it was a short right here and then it fell off the planet now this Fell down into the first target through the first number in the morning Do you see here the stock set up here approximately at 9 35 9 36? And the move that it did happen in 20 minutes you could have been out now It did make a bigger move down But you you would have had to replay it and again hold it much much later in the day Why would you have done that when you just had a beautiful huge move here in the morning? You would take this and you would be up money and you would be done And this is what I do day after day after day after day after day is to look for a move that happens in the time period between 9 30 and 10 and you can do as many of them as you see You can do is every one that you want But you need to know what to look for in in in the stock Okay in the daily chart of it to know how to play this long or short And he would also have to know how to take this trade This was this was an excellent call that I made today Entry time was 9 37 price was 79 75 the risk was 35 cents. What does that mean? That means that you would size yourself according to the stop I always use hubs hard stops and I teach people to use hard stops when I trade So I call the stop in the room If you had an intermediate risk, which is really what you would need to make a hundred grand a year You would have to risk anywhere between I'd say 250 and 500 dollars Approximately to make a hundred grand a year in the market and I'm giving an estimate here in these trades 595 1700 shares for this trade on adobe the exit It moved more than a dollar a dollar 25 into the first drop and you could have made 21 25 on this And this is less than 30 minutes. This was in 20 minutes Here it is. This is a one-minute chart. Cree course has asked me a question. This is a one-minute chart This is a daily chart But I will tell you it doesn't make a difference It doesn't make a difference someone else asked me that in the trading room today I think it was say had it was someone on a trial It doesn't make a difference this system my system is a price based system And when you get to the point where you where you learn how to trade correctly you will get that too It doesn't matter It doesn't matter if I had one traded chart to trade off of if someone said you only have one chart You only have one chart molested a trade off of I would I would pick the daily chart But but but I don't I have as many as I can but they're all the same Because the price of adobe is whatever it's trading at and it's the same price is trading at in the moment That it's trading on the second that I see it on every chart Okay Does that make sense? so Again, it's the There's a lack of correlation when when people ask me questions like that and I realize and I know how other places out there teach stuff I get it. Okay I get it when I started out. I went to a lot of free webinars too I didn't read that many books. I really just wanted to like I wanted the answers like now So I would go to the webinars too and I know what other people are teaching as well in my competitors But I'm telling you people miss to teach the correlation and this it's all the same thing It's adobe It's the price of adobe and if you understand how this price action is moving you will you will know how to trade this Today and you will make money doing it and this is what I do This is what I do like day after day after day after day today because I understand what adobe is going to do Like I'm predicting I'm predicting in the gap rating what adobe is going to do I rate the gap I get up in the morning and I rate the gap and I predict that adobe is going to sell off today And that's how I know and because I understand money in the market. I can predict what it's going to do I'm doing the exact same thing with the spy and the qqqs. I'm predicting they're higher and many many people are predicting they're lower Okay Which lie I teach the targets in the class crete course I have a trial for the training room You can email me if you would like a trial for the training room The training room is only open to join if you do my class, but you can do a trial. You can email me kathy Please put my information in the room for that Summary slide on adobe. You mean the trade here DC wants me to go back to there you go I am recording this Uh, let me just see the other questions here Well, you would learn on the class how to take the trade john But the general the general idea of where I'm showing you here is that I have a certain criteria I'm looking for and when I see it I take it, but I've got to see it by 10 10 a.m. Or I'm not going to take it. Okay It must also have a fixed risk So this is an important piece of being able to be consistent if you do not have a fixed fixed risk Meaning put in a stop then your risk on adobe is unlimited. In other words, let's just say you wanted a short adobe You didn't put in a stop Let's say you shorted adobe with 5000 shares You had the buying power to do it and let's say it didn't work and it rallied over $80 and rallied up to 81 you would have been down And without a stop in and you would have had an unlimited risk in that and just sized yourself like like that Like whatever not even thinking you have to be thoughtful about how you sized yourself whether taking a thousand shares 500 2000 5000 whatever and you also have a stop and that stop helps you be thoughtful about the size and the risk So that's why that's important too Okay How did you determine your stop in adobe? And what period ma's are those these are just moving averages? I'm going to go back to this chart here These are just simple period moving averages But I will tell you that you don't necessarily need these to trade. I don't I don't I could take these off and trade it wouldn't make any difference to me I don't look at anything like this one. I'm making the caller trading to be honest with you I I have them up because I had them up for so many years on like my smaller time frames But honestly, you don't I don't do anything with that. I know some places do I think if you if you focus on those Indicators and they they can sometimes take away from what the price is doing You don't need them to trade if you feel like you need something like that You maybe try it without it because sometimes I find people rely too much on indicators And then it becomes confusing and then they miss what this what it's actually doing You know what I'm saying like they'll look at it and they'll say well, that's rising. It's a rising moving average and therefore The it's rallying on the day But at that moment I may be in the trade short or getting ready to short it So I don't use those for anything. I do have them up. I I just had them up for so long since the beginning I don't know why I even still have them up, but they look pretty No, I'm trading the actual stock. I'm doing an equity trade I'm not doing options. You could there are people in my room that actually do use my system for options. That is true Why did you short Adobe when you had a gap down? You thought your system was based on closing the gap No, Ed. I'm not sure why you would think my system was based on closing the gap Have you ever been to a webinar I've done before? No, that is a false phenomenon since you brought it up If you are playing gaps to fill themselves You're not going to be consistently profitable playing gaps. It doesn't work consistently I don't do that. I don't even say that in one video In fact, if I if somebody usually asks me that I usually end up yelling at them But I'm not going to yell at you today because I'm in a really good mood And I'm having a great week But I will tell you So that they understand how false it is So they never never never take a trade like that because I really would never want you to see to do something like that Because you'd lose money in the market and I genuinely want people to make money in the market And let me tell you something if you make money in the market That that doesn't that that doesn't that doesn't go against me So do you understand if I teach people and they're successful that makes me feel good It doesn't make me feel bad. I when I when I have huge days in the room makes a lot of money We all do good. It makes me feel good. It doesn't make me feel bad I'm not trying to hold back anything that I know From people that come to learn from me because I feel grateful that I know what I know and I teach them And I understand that it takes a lot for people to spend the money for my class I want to help them genuinely so when you make money and I make money We're all happy and I get upset people when they do things that are crazy And playing gaps at fill themselves is crazy The method well what I will in the next chart I'm going to go out on the next chart and Phillip just laughed because he's been with me for a number of years um My orders are limit orders. Let me go over the next gap the next example And I'm going to go over it and thank you for pointing out I didn't explain it well enough because you know what to be honest with you If you people don't ask the questions, I don't know what you know and what you don't Ask me questions. I have no idea what you know and what you don't so ask it away But let me go over this one slide and then we'll go to the next chart Which is the mew I just want to point out here the rate per hour of the adobe So 21 25 you could have made on that risking $595 for how many hours of work you add up the prep time because you got to get up in the morning You got to get ready to do it and get a prep so you have an hour Prep time 30 minutes in the trade an hour 30 minutes of work and you make over two grand for less than two hours of work What kind of job he's is kind of high rate per hour Only the most specialized of physicians law firm partners hedge fund managers And ceo's would make this kind of rate per hour working So I you're in the upper echelon here if you can make this kind of money this fast a thousand two thousand three thousand four thousand You're an upper echelon here of people in the planet to make this kind of money in this time frame Do you understand me? So you are really at the top of your game If you can do it At all and I need to point that out now. Let's go here to the mew ed is saying I didn't explain it Well, well, let's talk about it ed said About the gap fills now on the mew Mew was a short so mew gap down So I would rate mew using my 26 point rating system ed and that rating system would tell me whether or not I should be shorting mew In the case of a gap down if mew had gapped up I would rate the gap using the 26 point rating system and I would try to determine that if it was a good long Oh, I just heard a noise is everybody can everybody hear me or did I lose connection? Can you hear me quickly Kathy somebody did I lose connection or can everybody hear me? Am I there? Okay I don't know what that was. I thought I lost internet Okay, that was weird Uh, you do not have much time to find the gaps after the market opens I don't find them after they open chuck. I find them before the open you can you could be looking for gaps right now I'll tell you right now tonight oracles gapping down Peers gapping up it's 607 gaps are happening at night and they happen in the morning You you have you have more than 12 hours. You could prepare yourself. You could get ready to trade tomorrow morning right now with my system chuck So I get ready before the open. I don't wait till after the open. It's too late. Yeah, you're right You wouldn't have time but luckily I can figure it all out. I could work tonight all night long But I usually get up early and do it in the morning But you could rate gaps at night and you can rate gaps in the morning Okay, now getting back to Ed's question This the gist of this is Ed that I'm looking to rate the gap to play to the direction of the gap So in the case of mu I'll be looking to rate it to gap down Now I said I had a 26 point system. What am I looking for? I'm not looking for a perfect score I'm looking for 20 or more if it totals 20 or more on the list Then I can do it as a short if it doesn't I don't do it at all Ed So I'm not buying it then But I'm not shorting it then either If that was a cute question OB if you're not as good as me how long I need to prepare for the opening It depends how many gaps you want to rate it depends how many gaps there are But let's just say for example You would run a rate a gap and you were new I'd say you have to give yourself like five to seven minutes to rate one gap You could get rate them faster as you get better But I'd say give yourself five to seven minutes to rate one gap So in the morning you probably would rate maybe at the most four or five things So I'd say if you give yourself a half an hour to prepare you're good. Does that make sense? And that's if you're new You're not gonna rate 500 things. Do you know what I'm saying? You're not gonna do that And remember You only need one So if you find one You could you could just go with the one But I'm saying you could rate as many as you want and do more But I'm saying like let's just say you roll out of bed. You see them you you rate them you It's a good gap. You want to do it. You don't you don't have to rate any other ones now You could but I'm saying you don't have to because you only need one Does that make sense? But I'd say give yourself five to seven minutes But I'm definitely preparing before the market opens Chuck. I mean absolutely And if something ends up just falling into itself in a gap and opening into a gap with no volume because it didn't Gap in the morning before the open then I then I don't do it because then I have I call that Trading on the fly then and I'm not trading on the fly with the risk I'm taking Now here was the play in the mew again mew gap down close the night before I appear gap down Open fell drop you get a short of mew right here. Boom out rally back short of mew again Boom out you could have done two trades in mew or one trade in mew again Before 10 o'clock here's 10 o'clock mew bounced in fact it bounced This was the trade in here two trades in mew or one trade in mew and you're done Where do you see the gaps you can you can find gaps anywhere in the world you can find gaps scanners I mean it's not hard to find gaps Entry time of the first trade in mew here is 9 36 finding gaps is the easy thing is qualifying them that you have to learn Price of the entry is 24 dollars risk is 30 cents So again, you're trying to size yourself around that four five six hundred dollar mark Okay, if you're taking a new intermediate risk So 450 if you take 1500 shares exit in here. This is the first drop It's just boom This is 375 bucks you could have made this happened like literally within three minutes. I'll go back Entry time the second trades 9 40 price of the entry is 24 risk is 30 cents You take another 1500 shares Out 2370 into the next drop you make 450 to take two trades in here. You could have made 125 dollars Very quickly because here's the first trade drop out. Here's a second trade drop out boom done Go on with your day And this is momentum This is This is what you want to play Because it happens and it happens quickly and to be honest. This is why I like the shorts Again rate per hour not as much as you would have made if you had done that don't be but still beautiful $825 to work for 30 minutes. Who the heck makes that kind of money? Dan is asking if I'd share one point. No, I'm not doing that And I and I'm not going to rant today about why I'm not sharing information that took me three years of my life In the market to figure out and a webinar. I'm teaching you stuff here You know, please understand my my information is highly valuable Okay To be able to do something consistently you make this kind of money is very very valuable And yes, I do charge for the price of my class But I really can't possibly give away any of the stuff I teach in the class for free This stuff here to me is just like basic knowledge But I'm teaching you something here because many people don't get this and the fact that I'm talking about You know the difference in these charts like again, this is stuff It's good questions for people to ask me because a lot of times people I just don't know what people know and what they don't and I and I've been told this before You know, I've been told this before in reference to my teachings But I you know, I I mean people to ask me questions So I know what you know to help you learn it because to be to be honest I just assume that everyone's very smart and bright knows everything. So you've got to ask me questions I I don't know what you know until you ask me, but I'm not teaching you what I teach in the class in the webinar I may be answering the question further your presentation. How do you find gaps prior to the market opening? You can go on your platform and find them Do the platform right now? If not, I can show you at the end Pre-market, what do you use to view the gaps again? My platform options help options help you have a platform You have a platform options help. I'm surprised. You don't know how to do that I'll show you in my platform what we're done here options help you have a platform. You can do it I can't believe you never asked me that before now Uh, you have success trading non earnings gaps. Yes, of course gaps Hey, listen Mew was not an earnings gap This wasn't an earnings gap Okay And actually neither was the next example That we're going to talk about Things gap for many many many many many reasons Are you sterling? You might have to change platforms or there's might be some a type of thing in there that you can ask your customer service to teach you How to to actually uh find to scan for the gaps I'm surprised. I'd be surprised options house if you don't have the ability to to scan Uh, let me just see how much is the capital required to put on 1500 shares? This is very easy You take the price of the stock Times The x is for the multiplication symbol The cost basis price of the stock cost basis times The number of shares equals So that's basically the formula you take the price of the stock Okay times the number of shares equals the amount of buying power needed just to write it down. Let's just pretend the stock costs a dollar So if the stock costs a dollar times a thousand shares Okay, you would need $1,000 in buying power and I'm just I'm just doing this to make a simpler thing You just plug any numbers in there. You can do it with a calculator. You can do it in your head I'll go over that at the end about the scanning Have you traded futures before how do you get started with the course and how much you need your account to start? We'll go over that at the end. The course is $3,500 How much do you need your account to start? You can start with whatever amount that you want to start with in a in a day trading account Whether you go with a retail trader a proprietary day trader will depend on the capital allocation They will give you for the buying power So you would have to talk to the broker about the buying power That they will give you based on the amount of money that you would put up If you go with a proprietary day trading account, you can put up less money than a retail account with more buying power For day training. Uh, so example just creek course figured out yourself 24 times 1500 shares equals what? Figured out you can figure it out with your calculator right now Let me just see the other questions here And that might be easy for you, but there has to be a best source for doing so your platform What source you can recommend for newbie your platform? This is so easy. I honestly really it's your platform And you're paying for your platform if you're a trader your platform your platform your platform There's lots of reasons again for gaps It's like you can just you have to just rate it. I rate the gap I I there's there are a lot of earnings gaps But there are things gap for downgrades and upgrades and kramer talks about something to something gaps I still rate the gap no matter what again the mu was not an earnings gap Where does the information come from that make up the 26 point checklist that came from my head? And I and that's what I teach in the class, but I'm looking at the daily chart to determine it But that's how you're going to get the information to decide if you get the point rating or not Do I have a minimum percent gap in the stock you consider? No, I don't I live any minimums or maximums Except for the fact that I'm not going to trade something that's too thin. I don't want to do a stock that's too thin I don't want to take 5 000 shares is something that is 50 000 shares And then I'm 10 of the people that are in that stock on the day I I have no percentage of anything has to do with anything with the actual gap or the rating whether I do anything The only requirements I have is that I cannot trade something that is too thin because if it's too thin I won't be able to take size in it if it can't take size in it then I feel like I feel like why bother trading it Because I won't be able to make money then I don't want to take 100 shares of something for it to drop a dollar to make 100 bucks There's plenty of stocks in the market at a volume I see the gaps again in the in the morning or at night You love me already. Oh, that's nice Uh options help email me a brown that I can refer you some brokers. Let me just see if I got all of the questions Crete course, did you figure it out yet? Did you figure this out in your calculator? Why keep talking 24 times 1500 shares equals what? There you have that's your job for tonight figure that out And when we're done here, we'll look at the platform All right, I think I got everybody's question So why trade gaps stocks that gap have big moves on the day Stocks that gap usually have their moves within the first 30 minutes of the trading day Stocks that gap have huge moves with small stops, which means you can make more money with less risk Okay, and stocks that gap have a chart precision, which Boy, you know adobe was pretty perfect today. That is very unique in the market This precision will help you stay consistent So you can achieve your goal of making six figures a year and there is a precision in charts I think that's why I love this stuff if I thought I was gambling when I traded I wouldn't trade and now I am taking risk There's an element of risk no matter what because you I put in a stop obviously because I know I'm at risk And I put the stop to protect myself But I tell you there is a chart precision that even like today when I call that adobe I almost I almost call that trading was just like I just no one could see my face after I call the trade But I like sat here with my you know mouth on the floor about the way I called that adobe today It was chart precision You do not need a hundred strategies in place to make money in the market You need one strategy in one play which works And if you can combine one strategy in one play and do them extremely well You can make six figures at your trade and not only that you can make more And that's what a complete system should do for you It should not only provide you with the knowledge to be able to trade well But to be able to make more money over time And a few good trades can make your month So there's no reason to get upset if you get up one day and it's a slow day or it's July 4th Holiday day before the holiday and you don't have a good gap then you then you just go to the gym You go on with your day. You don't trade Okay, it's not about this idea of doing things that are crap You are still even though you have the strategy in the system and you learn the method You're not going to do something that isn't good. All right You got it Crete course. Okay What is a psychology behind the gap? Well, let's talk about that when we're done. That's too long of a question, but I will answer it Let me just get through the next last example here, which is Michael Kors Michael Kors, okay It actually somebody had asked about reasons for gaps Michael Kors got the other day And this was not an earnings gap now this was but this one wasn't DC you people are so silly. I'm gonna laugh at some of you people DC just asked me what percentage of wins do you have in 100 trades? No one wins 100% of the time Do you honestly think that I win 100% of the time? Some of you are so silly. I mean, I just have to laugh now. It's just really silliness You know, do you think I'd even use a stop if I didn't if I didn't ever lose? Come on Let's get serious here. Please. I just got done talking to you about how serious I'm about trading I you know, come on Anyways, let's go to the Michael Kors. So Michael Kors had a drop Again into the first half an hour here of the period I'm looking to trade in the first 30 minutes So here was one that got again someone asked about the percentage. That's nothing to do with the percentage Here's where it closed and here's where it opened Okay And here this was a good gap here. Here's where it closed and here's where it opened See the percentage is very very different. It's nothing to do with the percentages. Okay So anyways this gapped and here was the play in this again in the morning Okay entry time 9 36 price 47 80 risk is 15 cents on 3 000 shares the risk is 450 dollars Exits 47 20 total profit 1800. This is a good trade. It's a four r trade meaning for every dollar your risk You made four dollars Again in 30 minutes. This is an advanced risk. Let's say you don't want to take that immediately But i'm telling you this is where you need to be to make this kind of money between three four five hundred dollars in your risk You could risk half. So then you would have made 900 dollars still a nice trade Now going back to what I was saying earlier to Okay You are not taking a million So the idea of taking a four hundred fifty dollar risk Let's just say you've never taken a four hundred fifty dollar risk on a trade before But you probably have lost if you've been trading for years at least four hundred fifty dollars in some of your day's trading But again if you're looking for quality and you know, you're only going to do one Then you know what i'm saying? It's like many people will take eight trades and lose a thousand dollars Whereas I take one and might risk a thousand dollars on one And then then it goes on to work. I'm making several thousand dollars in the trade So it is about the quality It is about the quality. It's not about spreading it out into a million different trades Like a crapshoot like well some will work and some will not work That is so not the way that I trade. So again Learn to the takeaway from here is not just to focus on one strategy, but one play and one quality pick Because in the end many of you that are trading I'm sure Are taking all these trades like well some will work and some won't work or it's 50 50 or whatever I don't take trades like 50 50. I'm like I have a hundred percent conviction And I go after the trade and I take it full on and I take the risk Okay, and many times it'd be the same risk that somebody might take in 10 trades, but I don't do 10 trades And so because I know that I won't do 10 trades. I can take the risk I need to take to make the money Let me just see here. Oh my lanta is true Melissa, not sure if you mentioned it, but how can you tell if you're looking the night before the stock is going to gap without seeing the next day's candle The next day's candle. You can still see the gap We'll go over that when we're done here Rate per hour and cores was $1,800. Again, it's an amazing rate per pay I will tell you though There's people in New York that I've met that are making this kind of money that are in high level jobs That own companies that are CEOs that I've met This year that are making thousands of dollars an hour But I for the most part it is very unusual to meet people that are making this kind of money in their jobs But I have met some very high level people this year that are making this kind of money But to be honest, they you know, they're they're older than me Okay, and I've been doing what they're doing for a long long time The the nice thing about trading Okay Is that And answer this here who is the system for is that anyone can do it Anyone could do it You don't have to go to school and you don't have to be experiencing some business for 25 years to make this kind of level income Okay Now I'm not saying you're going to make it the week after the class because I have no idea what your size of account is And I don't know what your learning curve is in your mind How quickly you're going to be able to grab the information I teach you and put it to use But I do know you can within a fast period of time meaning doesn't have to take years And many high level executives that are making this kind of income are It's taken them years to get to this level. Do you understand the difference? So if this doesn't have to take you years to get to the level And the nice thing is because it took me three years to figure it out I spent the time to figure it out. You don't have to do that Your learning curve is shortened if you come and take my class and because I already figured it out I lost money in the market before I figured this out So who is the system for anyone that wants to trade and it has the time in the morning to do it between 9 30 a.m. And 10 a.m. Eastern time. Should you be in the room in the morning before 9 30? Yes At the time I give yourself at least 30 minutes an hour if you want to or prep the night before if that works better for you I'm done trading every day usually by 10 10 15 10 30 And I run the room 11 because I teach and review the trades afterwards But it doesn't matter if you're young or old or a man or a woman If you've never traded before you've been trading for 30 years Anyone can do this and if you have a system now you use that you like that may set up later in the day You can do this in the morning than do your other thing But I have found that a lot of people lack success in the market and consistency because they don't really have one thing They do every day And this is what I have the ability to be able to teach people to do and it helps them make money People that like or need to make money quickly each day and fast gap moves are the ones that really really are meant for this system So you need the strategy to make six figures a year. This is what is necessary to do it Which is what the topic of the webinar you need a strategy You need a play and you need a concept to give you an edge the following components specifically and in their entirety This is what you need. This is what a complete system is and any complete system. You can make this kind of money is what it takes And let me just look here at some questions Are your targets based on that's too long of a question pink. I teach that in the class about targets and entries Uh percentage number dc dc wants an exact percentage of my winners It is well over 70 but i'm going to say 70 to be conservative just for you dc But I will tell you that this year 2015. I have never traded better in my life You'd be better off asking somebody in the room what my percentage is that's been trading with me this year because I bet they say over 80 It could be even over 90. I I am having a great year Okay, but I have been trading for seven years and I really just don't do anything if I don't like it anymore And by the way, that is what it is. Do I sometimes have losers? Yes. Why do I sometimes lose? There are times when a gap doesn't work. That's why sometimes I lose So that's the only time I lose when the gap doesn't work And you must take that into account when you determine your risk and trading that there will be some days when the gap will not work Okay, but to be conservative, I'm going to say 70 But to be honest with you if you found a system That worked even 51 percent of the time With a payout of three risk units in the trades that work and one loss in the ones that don't You would be profitable Do you understand that But my system works way more than that, but just think about that dc Uh, yeah, the people that run companies work a heck of a lot more hours than this In cup is talking about michael kors This chart of michael kors here you just kind of use the moving averages But you should know the course was going to chop around to whatever that moving averages You're using caught up at the price wrong and then is when the price really began falling enabling your profit on the trade No, again, I don't look at that. I'm gouncing the nma bounce off as either 21 or 50 right or not No, there's no 50 on here. And again, I just went over this I don't use the moving averages train and it wasn't going to do that That again that type of mentality it was going to do that It was going to it was going to bounce off of this or not go until this moving average. No, no, no, no, no You do not make money using moving averages people You don't so I teach a class the golden gap course is a two-day class and how to trade professional bearish gaps The golden gap course is designed to help you strategically find pick-and-play stocks to professional bearish gaps If you made money just falling moving averages, do you have any idea how easy it would be to trade? We just all follow moving averages I go la la la la and I'd wait until it bounced off it and I shorter over wait until it went into when I buy it Think about it common sense common sense people. Okay. There's a lot more to trading than that So food for thought is that most people do not have a focus And this is what they look like then when they go into the market in the day You cannot be relaxed when you're like this and it's very stressful Again, I got up in the morning. I look for what I want if I find it. I take it if I don't I don't it's about making the connection that When you learn how to trade making a lot of money is actually not only Possible it is probable and it is actually your right Your it is your right to go into the market and take money If you are willing to do what it takes to learn it and to actually go in and take the trade and take The risk and do it correctly and wait for it or look for it and know what to look for It is not something that many people are able to do because they lose the fact that they have to have the focus It is about making that connection So the golden gap course will teach you a strategy that will help you sustain yourself in the market Trading is about consistency and longevity if you want to have longevity you need to produce consistent results The golden gap course teaches you how to get consistent results in your trading with one strategy Which is your daily focus if you want a life with personal freedom and a sixth figure income You need to make a plan you need to train A training plan which my class provides Okay, so the golden gap course is a complete system to use to trade It is a full day course in how to strategically find pick-and-play stocks that are professional bearish gaps retakes are free The class is online so you can be anywhere in the world and take it The class is this weekend june 20th and 21st if you're interested It's from nine to five p.m. Eastern time again So when I asked the class of the class it's 34 99 if you would like to sign up You need to email me for the sign-up papers at melissa At the small at the stockswish.com. Let me see here If you have a small bank role the method of a small account Seems like a work well with options. Yes, some people have small accounts. We're doing options check Okay I don't use them at all tin cup too I I don't But if you don't believe me, I don't know what to say um Do whatever I don't a tin cup too. Whatever you use use it if you're using moving averages and they work for you Go for it. Don't try to convince me of something that I don't believe in I'm successful at making money and I don't use certain things And no one is going to convince me to use something that I don't want to use or do something I don't want to do and luckily I don't it doesn't matter to me because I'm making money so You don't need to try to convince me of anything if you are making money. I'm not sure why you're here I don't know what to say. I don't go to other people's webinars because I'm I'm successful So I really I'm not sure why you're here to learn from me then You you really have to do what works for you if you are making money in the market now congratulations Do it use what you know go forward If you're not and you want to learn something they come to me, okay I also teach a class. It's called the trends course. This is July 28th and 29th 12 to 4 cost of the class is 999 It's a course in how to read trends and stock charts. This is for longer-term training longer-term trends I'm offering the wealth manifestation course free for students in the month of june anyone that does the gap class this weekend I'm offering this class for free Okay, it is normally 399 if you want to do this class separate It's just a trading psychology course, but it really gives you an eye-opening look into the way that I think about Money, which is one of the reasons that I'm successful. Okay I also do have a bullish golden gap course, which I'm teaching this month as well The date of this class is june 25th and 26. This is during the week thursday and friday next week Thursday and friday 12 to 6 cost of this class is 3499. This is if you want to focus on bullish gaps Again, I prefer the shorts, but I'm very good at bullish gaps too, which is why I've been calling the market well So summer is here. It is a great time to trade Um, I'm also doing a bonus day three for this class, which is on the monday after the class I'm doing, uh, I'm rating gaps. I'm going to be rating gaps live So on monday of next week, so saturday and sunday is a class in the monday morning We're going to trade and rate gaps live I don't do that in the room every morning going through all the ratings where we're going to do that on monday So i'm doing a day three bonus day for this golden gap class to really help people And and remember you can be successful and make this kind of money and have the life you want I believe that anybody is capable of doing it. You have to set your own goals. You need to be focused You need to know what you uh need to do in order to accomplish that those goals But I certainly can help you work that out All right, does anyone have any questions some people wanting to go over And to go over some things about finding gaps I don't know if we have a minute here to quickly bring that up or not I just let me quickly bring up my charts here Just if you can if you can just allow me one minute here kathy to answer some questions people had about gaps Can you give me just one minute here one minute any other questions anybody has While I bring up my charts here hold on one sec