 Testing one to just let me know if you can see my screen here. Is that good cafe start in a few minutes Good to go okay dope. I'll be right back everybody The presentation the schedule starts exactly 430 eastern time and ends at 530 eastern time We do want to thank each and every one of you for your time and your participation here again today This is online creator central. I see that some people are still registering But we do we do try to start on time So I would like to at this point ask you to please put your hands together and welcome our host and presenter from the stocks wish calm Thank you Kevin and thank you so much everyone at online trader central calm Welcome and happy st. Patrick's Day to everyone My name is Melissa Armo and I'm here today to talk to you about Learning how to earn money day trading and quite a substantial amount of money day trading actually I own a company called the stocks Wish if you'd like more information you go to my website www.thes stocks wish calm Or you could email me at Melissa at the stocks wish calm if you'd like more information And Kathy's gonna put my information there in the room You can also go to YouTube and I have a lot of trades on YouTube as well So let's get started here today. Feel free to ask me any questions as we go along I will answer them as we go along here today. We have a lot to cover We're gonna start out talking about being lucky. It's a good day to do this because it's March 17th It's st. Patrick's Day and some of you are celebrating and it's gonna be a wonderful fun night to go out tonight and celebrate So as you're sitting here right now thinking about trading thinking about your trading day thinking about your life Or maybe how you traded today or what's happening your finances? Do you consider yourself a lucky person or do you consider yourself an unlucky person? Think about it on this st. Patty's Day. Do you are you in the category of the lucky people or the unlucky people? Ultimately success or failure really has a lot to do with your perspective And it's very interesting as I teach people and the more people I come in contact with I really believe this Of course, I've always realized this but I'm seeing more and more evidence of this and the more people that I connect with because a lot of people who have made an attempt to trade unsuccessfully have a bad attitude about Trading and the market and they may have their perspective is actually skewed Whereas there are some people who have a very positive outlook about trading and the market and Even if they maybe have not had as much success as they would like to they actually have conviction and believe in the market It's a place to make a lot of money and their perspective on this is actually very positive. Okay So I want you to put your perspective aside for the moment and just sink in this morning or this afternoon Listen to what I'm saying to try to get a new perspective if you're in that category feel like you're unlucky then just Stop on that and let's take a fresh perspective today Just for the next 60 minutes and think about the things that I'm going to talk to you about today to try to get a new perspective on the market it's time to think about taking control of your own destiny and Basically creating your own luck other than leaving it up to the whims or the whimsicles of life or chance But deciding to take control of your own destiny and make things happen for yourself I personally have done this and I'm teaching people to do this even now You can start now if you want to it's kind of like you really don't have to take forever To be successful trading it might take some time you might have to learn but it doesn't have to take forever a Lot of people want to trade they want a day trade, but they've absolutely no idea where to start This is a clip of the QQQ's and the market today near the close a lot of people want to trade But they just don't have any idea like where to start from where to when what do I trade what stocks? What do I do what market and maybe you actually are trading right now you are doing it? Okay, but you're not doing it in a way where you're seeing consistent results You don't have a reliable method to trade and you are looking for one This is a chart of WSM a bullish gap that I actually discussed in a webinar that I did last week on the day of the guy And it made new highs today and is on its way in continuing the following through Maybe you've been just searching for a new career Maybe you're sick and tired of the thing that you've been doing a job Maybe you've had for the last 10 15 years and you're just tired of it You want to find something new you're not making enough money and you're sick to death of it You're bored you might actually be bored and the interesting thing is it's it's the worst to be bored in your career Because you get up every day and you have nothing to look forward to and you know what it is about training that I love It is so not boring. It is the least boring job in the world. It is exciting actually I'm very passionate about what I do. In fact, I was talking to the phone last night to somebody said gosh You're so so passionate about what you do and I said of course I am of course I am it's exciting to trade the stock market and I like that is exciting to make money doing it So why wouldn't I be? Excitable and passionate about trading when you're successful making money in the stock market It is exciting. It is fun And it is the best lifestyle career you could have ever had because you're basically working for yourself and Every day is something new every day. I almost trade a different stock This is you and you're feeling like at this point in your life in March of 2014 Like you're financially behind the eight ball in your life. Maybe you're at a point in your career Maybe you're at a point in your age Maybe at your point you you know with whatever your personal or financial situation where you feel like gosh I should be farther ahead along than I am right now and you look at this and you and you get upset with yourself But there's really no reason to because you can change your circumstance You you can and it doesn't have to take a long time Here's a good quote from Karl Bard though No one can go back and make a brand new start anyone can start from now and make a brand new ending So you can change whatever your circumstances are and you can learn to do something different It's time to make a fresh start and the beginning of the year is a good time to do this to give yourself a chance A new start a new career a new life and not only that a new you and what is the vehicle to do this new start? It's day trading and that's what we're going to talk about today. So what is day trading? What is the definition of a day trader a day trader is an investor who attempts to profit by making rapid trades in today a Day trader often closes up all the trades before the market close and does not hold any for open positions overnight Some day traders use leverage to magnify the returns generated from small stock price movements And that's a very short definition of day training, but it's true This is really what day training is you take a trade the market starts and opens at 9 30 and you're flat every day by 4 o'clock and usually actually I'm not at most of my trades by the morning Every once in a while I'll trade in the afternoon But I'm a day trader that likes to trade in the morning time of the day Which again is why it's a really nice lifestyle because you have other things to do you can do them in the afternoon And you know what the funny thing is there's mostly men in this industry There's more men in this industry than women that are traders But you know what day trade is actually great career for women because if you're a housewife or you are a mom You can trade while your kids are at school in the morning And then I have plenty of time to pick them up to go be soccer moms and do all the things It's actually a great career for women to women and men. It's a great career And day trading can be highly lucrative. This is one of the reasons that I love it Was talking about this today in the live trading room The reason that I want to trade is because I want to make a lot of money And I'm not gonna say anything other than that because that is the truth That's the reason that I got into it and talking about perspective Okay, to some people the idea of making a quarter of a million dollars a year seems Absolutely like it's crazy. It seems like astronomical like oh my gosh, it's so much money But you got to put things in perspective It's a lot of money to make if you are living right now to circumstances where the median income Okay, and it's a lot of money to make in a short time frame And it's a lot of money to make to work from home But in the bigger picture of the market the larger picture of what the market offers for for anyone For investors for traders for anyone that exists. It's actually a very small small small tiny piece in the bigger picture So how can you become successful day trading? Well, it takes much more than hard work A lot of people say why I've worked hard. I've worked so hard and worked so hard to get it But it takes more than that, okay It takes much more than that to be able to earn even a quarter million dollars a year as a trader It takes more than that it takes ingenuity and it takes a detailed plan of action to trade the number one key ingredient to becoming Successful the traders having a specific strategy that can offer you reliable and consistent profits on a regular basis Meaning every week Trading success and financial success in the market is not by pure design It is by you setting out to say to yourself, I'm gonna do it. I'm gonna do it I'm gonna have a plan of action. I'm gonna make it happen. You have to have a niche You can't just go in willy-nilly every day and trade buying support and shorting resistance You have to have a strategy and if you want to trade like everyone else out there And then your results are just gonna be like that like everyone else is which is guess what? Losing and we're gonna talk about that in a minute If you want to have outstanding results and you're trading then you need to be different You need to grab hold of what works and learn from a trader as a special talent for reading the market, which is me That's why I'm here. That's why I'm talking to you today And that's why I'm teaching people Learning a methodology and a system is that is unique is important for you to be successful and having a mentor that's Successful is important for you to be successful. Okay. I have a unique method and a strategy that I train Okay, and I created it myself So you got to have a Design a plan of action is set out to do it. You have to have a niche I'm gonna talk today about some longs and WSM was a long that I called But I prefer to short and I actually think that shorting the market Which is what I like to do gives me an edge because not that many traders know how to short many many traders Don't know how to short don't feel comfortable shorting don't like to short or don't do it Well, I prefer to go long, but the great thing is about shorting is there's a lot of panic action that comes into stocks when they Have selling action that come into them that traders can take advantage of by shorting the position into So let's talk about this. How can you earn a quarter of a million dollars a year in the market? Is it possible to make this kind of money day training and Is there any money in training stocks or is the stock market dead? I put this in here today to talk about because somebody actually emailed me I don't know if the gentleman is here today. He said I heard the market's dead. He said I heard it's dead The market is not dead. I'm here to tell you that the market is not dead It never was dead. It never will be dead The market is alive and well and even though there's all kinds of things out there People are doing forex and trading different kinds of markets The United States stock market trading the Nasdaq and the New York stock exchanges is alive and well and ticking and breathing It has more money in it than any other market out there It's it's exciting to do new things. Okay, and there's other markets you can make money in Absolutely, but the United States stock market is not dead. It's alive and well There's tons of money in that there's more money that flows through that than anything else Okay, and everybody dreams about trading the US market It's just that they have gone on and tried to learn different things because they've lost conviction in the market They've lost conviction in the market because they feel like the market is rigged or doesn't have any follow through But that's not true. It does Market is bullish is continuing higher today proved that and also there are strategies that you can do in the market to make Money that are there every day or almost every day and the great thing about trading the US market is it is regulated So it's it's not rigged. Okay, it's regulated It's there you follow the rules and you can learn how to do it successfully and make money and feel like you have conviction in the system itself So what do you consider a lot of money again? We're talking about this earlier. Everybody has a different idea I mean if I asked everyone in here everybody would probably say a different answer Some people would say 250,000 a year some people would say a hundred thousand a year some people would say two million Everybody would say something different because it depends on your perspective Depends your perspective just depends on what you're used to The fact is there are millions and millions and millions of dollars in the market Millions now how much is in a million a Million is actually a thousand times a thousand. That's a million and we can we can conceive of that We can take a hundred thousand dollars and we can times it by a thousand And that's actually what a million is So we can we can conceive of that we could actually put it on our calculator We can write it down. We could do it on our head a thousand times a thousand a million there It is or you can take a hundred thousand times a thousand up. It's a million So one million is a lot of money. We're not going to disagree about that But actually how much is a billion? Well, let's see a billion is what it's 1,000 million Okay Our ten to the ninth power. Okay. It's an exceptionally large number I like this definition here exceptionally large like a lot okay so There's actually Billions of dollars in the market not just millions. It's an exceptionally large number. It's 1,000 million and actually you would have to it might blow up your calculator depending on how old or new your calculator is Or what kind you're using to actually write that number you might not see all the zeros You might not see it all you might have to scroll down to see all the numbers Okay, it's 1,000 million so You've got to put it into perspective about what is achievable for you because this idea of making 250,000 dollars a year or a quarter of a million dollars a year when there is Billions of dollars in the market and let's just go back here What is a billion bill one billion just one billion is one thousand million and you're only looking to make a quarter of a million And this is over a year over a year's time You're only looking to make a quarter of a million in a year's time So do you see how if you put in perspective? It doesn't sound like that crazy like again perspective perspective perspective What is achievable for you? It is achievable and if you don't believe it's achievable then guess what you're not going to achieve it I can tell you that right now you have to get in his perspective and understand that it Absolutely is possible and if you understand how much money is in the market You will see that it is possible because it's like a smidgen a smidgen of what you're trying to make and this is over a period of a year Okay, you've got to think big if you want it to happen for you if you don't think big then you're not gonna make it You've got to think big. There is only one winner Okay, there's one winner only and the winner wins big in the market That's the beautiful thing because guess what if you can get to the point where you're making 250,000 dollars a year Guess what? Someday if you continue on that path and keep doing what you're doing and keep that in good I keep doing a system of strategy that works eventually you're probably gonna make a million and then you could probably make even more Because the winners in the market win big and not only that there's only one There's only one in every trade that happens in every trade you take there is one loser and one winner when you take a trade There's someone that's up opposite you in that trade that loses This is it's not like a pot of money in Wall Street. It's not like a big pot It's not like a big jar That you just go there and take it out. It's you are taking money away from someone else when you win And that person that is losing and when you lose then somebody else is taking the money away from you That's what's so important to understand here Why you have to be accurate and good with what you do and why there's so much potential as well because there is one winner Okay, and the winner wins big you are either a winner or you are a loser you cannot be both Okay, you either are a winner or you are a loser and you decide which one you are going to be and you can decide Okay So make the decision and make the decision before you decide to trade because this is not something for folly It's something to be taken seriously because the winners can win big and that's the exciting part about training You're either a winner or you're a loser and if your perspective is that you're a loser Then you will continue to be one if your perspective is that you are a winner Even if you're losing right now if you believe you're a winner You will figure it out or you will find someone like me and connect with me And I'll teach you how to be a winner and you're gonna make it you have to decide how serious you are about doing this okay So let's talk here about a call that I made and you can go to my YouTube website I did this is the gutsy thing to do I put a video out the night before this gap happened It was the night before it was the night before the trade even happened And I said it was going to work and I said what it was going to do and it did it so on Thursday night I looked at ARL. This is the strategy that I trade it is a gap. It was a gap trade I'm showing you here with the chart look like this is what it looked like at night And the stock was gapping down here overnight around here And I did a video the night before and I said Friday this is a short And I had no idea where it's gonna open. I didn't know anything at all except for I knew My strategy which is called the golden gap and I knew that the gap was gonna fall through to the downside Okay, now what did it do? This is what it did It opened here it rallied and fell this was Friday and this was today So the stock was a short so I saw this ahead of time because I have a system I The system I used to trade successfully to win Okay, and I have confidence in my system that it works to win because I've been doing it now for a long time for years for five years Now what was the setup on this if you did a year row is a short on the day? Well, let's look here. This is a one-minute chart Okay, so the stock open try to go higher failed Drop broke a low try to go higher fail try to go higher failed here was a short Stop over the high of the day the stock went down and it actually ended up opening way down here like around 1615 something I remember I looked at this tonight before it was around here So it actually opened way way down Okay Lower than what I saw it Thursday night by the time it opened so it was very close to the target So the first target on this was $6 So if you took the trade you had to get out you had to get out of the target the first target and sometimes trades will go To dream targets, but sometimes they won't they actually will halt at the first target and that's what this did So the entry time was 938 price was 620 stop was over 631. It was 11 cent risk Okay Now this is a day trade you are taking fifty five hundred shares Which is an advanced risk or if you want to do an intermediate risk you divide it by two there'd be around 300 okay and The exit was at the target total profits $1,100 now because it opened so low was so near the target This was this wasn't even a two-hour trade, but it still was a very solid trade It was a very solid trade with high odds of working Okay, so that's a good thing because you can feel like you could take the trade with confidence and risk the money Whatever money you decide here six hundred three hundred a hundred bucks if you want to and still profit So you would have made $1,100 trading this on the day and you would have done in 20 minutes That's that's it then you're you could have stopped for the day and just made $1,100 That's a good amount of money to make okay Do you see how if you're making $1,000 trades how you can earn a living doing this? I mean you can't $1,000 is a nice amount of money to get paid for working just for 20 minutes You didn't even work for eight hours. Okay, that's a good income Now how can you make this kind of money in the market? Well, you can do one trade You could do two trades you could do multiple trades You could do swing trades you could follow that arrow down even more and let's see what happened Well, what happened next? What happened next is after the stock hit the target it went And it ran over the high of the day ran over the high of the day all the way up here to what this is resistance It ran up here and held resistance, which is six dollars and fifty cents There was another setup on this and followed through to work to a bigger target than on the next target Later if you wanted to take the trade and we're gonna go over in a minute, but I want to talk about this here because If you saw something like this you might have thought about buying this It was the wrong thing to do the stock continue the broken new loan Do they close the day thought through lower today as well? But I want to talk about this here because this type of activity here this action is price action the way to stop Rallied up here then to this resistance is what separates the winners from the losers in trading Okay The winners are winners because they do the trade in the right direction And they do the trade in the right direction in the case of a arrow is a short in the case of a arrow It is not a long Now the winners are winners because why they read this chart here And they read the actual gap now What is a gap a gap is something that is a strategy and all the gap is is really where the stock opens at a Different price the next day than it closed the day before this was Wednesday No, this was Thursday night Thursday night the stock closed here at around 7 20th 20 ish And then Friday morning opened down here to run 6 15 So that is what a gap is but the strategy is called a gap So if you have conviction in the strategy, you know that you could do this if you have a system to actually find This stock like a row and actually determine that it is a short you can do it the strategy tells you what to do The strategy is the basis for taking the trade The thing that I find that many people find confusing about day trading or trading at all actually is they constantly want to do setups For those of you that are traders you'll understand this if you're not a trader you may not understand this So I'm speaking to the people that are actually traders right now traders want to do setups They don't have a strategy They just do plays and they can't find figure out why they're not consistent because you can't do setups Everywhere all over the place if there's an overlying strategy. That's actually intact real good and and and solid and In this case it was the bearish gap So you would not go along the stock even though it even ran over the high of the day It wouldn't go along the stock because the strategy itself is intact Now what made the stock go over the high of the day before I go on to the next play here when explain this briefly Because in every trade you take remember I talked about this There's a winner and a loser and this goes true for everyone that's in the market This is true for even people that run hedge funds or institutions because you know that they don't make money on other trains either I mean again to put this into perspective There is no hundred percent in anything there will be days where you take a train It doesn't work and you can't be afraid to take a stop Institutions have to do the same thing sometimes sometimes they have to say cut it out We're out. We lost money in this thing. We made a poor decision. We have to stop it Not every institution's are just taking the same trade sometimes There's two in a stock taking alternate positions and again. There's only one winner and one loser In the case of a arrow What happened here was some pre-market shorts exited here at the first target at six some quick Shorts in the morning like me exit at the first target at six Some people also try to buy this that were traders It was a bad play, but they did try to buy it which created the bounce at six And then some people got stopped down here where they had to stop over the high they'd looking for a bigger target Which created the lift here, which was green over the high of the day and also guess what this got bought But that's not who was controlling the stock It's not the people that were controlling stock. This is what I'm teaching people how to do now How do I know because the stock held this area and wasn't going to go over it It was a real area here in the daily chart of the stock and in the 15-minute chart in the one-minute chart in the two-minute chart In the five-minute chart it was a real price area of resistance in this stock So the people that are controlling a arrow that are controlling it, which is the institution said we're not letting the stock Go over 650 we're just not going to and so they pressurized it Which is what resistance is and they sold more shorted more to create the selling pressure to make sure it doesn't go over this So whatever institution bought this if they held it through this they're actually down now Or maybe they killed it and that's why the stock rolled over into the close and also today Because the stock came undone and made a new area today So I want so this is where the learning process of understanding a strategy and how important it is to have this matters Because you can't just take trades willy-nilly all over the place when you trade So you could have done this again There was a second plan this in the afternoon Why would you have because the strategy was intact? Which was the gap you could have shorted this right here with a stop over the 15-minute bars is a 15-minute chart now Not a one minute because you're training the afternoon if you do the trade the entry time actually wasn't it wasn't 935 This is late the entry time was nine. It was 1230 Yeah, 1230 into 1245. I didn't have the time right there Here's the correct entry Price is right here though. It's 626 stop was over 641. It's 15 cents again in an advanced risk at $600 This isn't an advanced risk. This isn't for someone that should be trading this. It's not that's new Exit was a 586 right down in the low of the day. Okay, and Total profit you could have made with $1,600. This is 2.67 times the amount risk made in profit Again, it's not an amazing trade It's only a little over two hours, but if you take the 1.8 hours you made here This is the morning and you take the afternoon trade of 2.6 You could have made 2700 bucks on a row on the day And you could have risked 600 bucks and made over four hours And even if you didn't risk 600 if you risk 300 you still would have made four hours It was a four-hour trade if you did the two trades in this gap on the day. This was on Friday now It set up again the next day, which was today today was Monday, and I actually shorted this today Okay, it had a move I'm not sure exactly where this closed in the day, but it was a follow-through continuation and a beautiful move and a follow-through of the strategy itself The entry time for this was 931 and it fell right into the reversal time here into the morning period at 10 o'clock And you could have been out. This wasn't even the low of the day, but it was a good exit so The entry time on this was right away. It's 931 579 Stop is 587 and again, I was talking about this earlier You can't be afraid to use stops or put stops in because your risk has to be defined now in this trend You might have only taken half size why this is a very aggressive entry to do in something for a follow-through gap It worked and you could have made 665 bucks Again 2.3. These are very realistic and conservative numbers I'm using very realistic and conservative numbers here for people to see that you don't have to make 10 hours in a trade or five six hours in a trade to still make money Why because you have conviction in the overall strategy to follow through on the setups You can't take the setup without the strategy You've got to have a strategy, which is a backbone for the trade Okay, so turning it's 280 bucks into 665 and and again, this is day trading because you're out flat in the day Now if you wanted to do a swing trade on this And she was the same time as the first day, which was Friday price was the same Okay, stop was over here risk is 11 cents out at $5 total profit so far on the play It's intact. You would be up 350 bucks Okay, the target's five You're still in it and I'm using here risking only $55 because the fact is you would not take a 5000 share a lot and send me for an overnight This is a swing trade. You would only take a much smaller risk So this is only taking 500 shares and I want to point something down outside to with this price point Okay, you can certainly do this anyone could do this You don't have to have a massive account of a million dollars in your trading account to do a trade like this With buying power what you needed for this you take the amount of the price of the stock say for example You're getting it at six dollars if you wanted to take 500 shares You don't even need a large account if you want to take five thousand shares. You don't even need a large account So look at this overall perspective here if you took five thousand shares of aero and shorted it for example at six bucks You only needed 30,000 and buying power. That's not the art for dollar. That's buying power Okay, so you don't you don't even need millions of dollars to be able to take these type of position sizes These are these are very inexpensive stocks to trade So how much money because you've made an a around two days Well, if you had played a row of conviction in every setup from Friday through today You could have made over thirty three hundred dollars and the initial risk was like six hundred something So you could have done that in one stock That's all so in two days. You could have made thirty three hundred bucks risking six hundred playing it on Friday and Monday And it didn't even have a big move today, and that doesn't even include the swing trade So just day trading this stock in two days. You could have made thirty three hundred dollars That's it and that's only doing one stock one symbol. It's not over trading It's not anything it how's it possible because of the strategy Many people ask me can you do bullish golden gaps the answer is yes again I called this WSM last week the day of the actual gap which was here on Thursday I actually called us along in the room to this morning to and again. I didn't do it I prefer to go short, but it worked target on this for a swing trade of 70 bucks, and it's gonna get there It's a very nice bullish guy So the key today training sock successfully really is the right strategy the right strategy in the right system One quality strategy is all you need to successfully trade That's all you need to pay yourself on a regular basis and knowing a strategy can replicate over and over for profits can Totally change your trading world if you've been trading and not having success Know and learning a strategy that works can just totally turn it around totally turning around Having one powerful strategy that pays will open up your eyes to the true profit potential the market Because the market can offer you a real-life one career if you have a strategy that makes money Consistently, and you do need this if you want a career doing this Professional gaps are a strategy that can generate up to a quarter of a million dollars a year of income in profits or more Because again if you get to the point where you're making that much you're on your way to make more So earning a high income is only one reason however to trade gaps. There's so many other reasons being taking the trades early in the morning being done quickly not having to even Trade both directions. I only do shorts. You could pick one direction and just do all the bullish gaps or do all the bearish gaps You could just pick one thing and it's also great career because you can work from home So how do you make money in the market? You trade a strategy that is profitable at number one and the most important thing and professional gaps are highly profitable strategy because they create large momentum to trade What stocks should you train stocks a gap and rate 20 points or more per the golden gap 26-point rating system? I'm going to talk about this in a minute This is a system that I developed and you trade the gap in the direction of the gap When do you trade them early in the morning on the open when they set up and trigger? That's when you're looking to get in them Now whether you hold it to the first target the second target the dream trade take a second trade Take an afternoon trade is up to you, but the goal is to get the setup early in the morning Now what I use the system. I created is is a checklist I get up in the morning and I look at stocks a whole list of gamut of stocks and I rate them I go off of a rating system that I created which looks at 26 points I'm looking at the daily chart of the stock and it's based on technical analysis I don't look at fundamentals at all now if you like fundamentals and that helps you if it helps you to read What's going on in a year a ro whatever it was whatever happened in that stock last week or today if it helps you? Reading about the fundamentals to get conviction and do it Okay, if it if it takes away from your ability to have conviction to short the stock You don't want to do it and that's the thing I always tell people be aware of the fact that if you read the fundamentals It's not going to take you away from reading the price But anything that you can do to help you get conviction will help you trade better So the 26-point rating system measures the gap by rating them on the daily chart to find the stocks to trade that have number one A high probability directional bias for the entire day a big move on the day early Confirmation of the bias the bias meaning whether it's a shorter or long and you want to get in the trade between 9 30 and 10 Okay, I'm also looking for precise entries with follow-through and a good risk to reward target potential Which is really usually three. I'm usually looking for three and you don't get every trade for three But sometimes you get way more than three sometimes you get five six seven eight sometimes you get ten I used a very realistic examples here today of trades that I've done because I want people to see you don't need To be making six seven hours to make money consistency consistently because if you have a gap It's a good gap and it sets up you do the train and you can make money and when it works you do it So what do you need one of the things if you want to day trade successfully? What do you need number one? You need a strategy? I use gaps Okay, you have to have a strategy to day trade You cannot just decide to trade and I want to point out that buying support and shorting resistance is not a strategy It's not a strategy at all. It's a play. There's a difference Number two you need a system a system to follow that has rules Remember back on the day you went to school and you took the math courses and there were rules to do Different equations you had to follow the rules Two plus two equals four you had to follow the system and if you didn't follow the rules You didn't get the right answer Okay, a system is in place to follow with rules and you need that and I have that in my system It's the reading system number three. You need a method and a structure to enter and exit the trains That means you have a structure and a method that means you don't just say I think I want to take it here And I think I'm gonna get out of it here. I think and as soon as you take it you kill it And then it goes on to work. I mean if you could have gone long and short era of 17 times on Friday And you probably lost money or you could have taken a perfect beautiful trade and Made money Okay, so you have to have a method and a structure in order to day trade successfully And you also have to have number four you have to have monetary goals They are per day per week and per trade so you were entering the train You have a certain amount you're risking and then the goal you want to make in the train You have a goal per day you have a goal per week and you have a goal per year and the goal per year Might be to make a quarter million dollars a year How are you gonna get to that goal? You have to break it down and break it down and break it down to the train and figure out how you're gonna get there Okay, you have to have monetary goals a lot of people the train They don't really have monetary goals or actually they don't have realistic monetary goals for the amount of money They're risking you can't expect to make five thousand dollars three thousand dollars on a train If you're risking a hundred bucks and what I find people do is they're looking for home runs looking to buy Gap downs or short gap ups or just get stuff really cheap Or so they think to get some huge home run trade that they'll make that they'll pay off the mortgage By risking just a little amount of money and it's not the right thing to do and it's it's a bad train You've got to be realistic about how much you're risking and how much you can make and it's about chunking it out every day By having goals per day per train and per week Here's an example of a belief and conviction in the system Which is WSM because if you bought WSM last Thursday when the market was actually read the market actually fell off of fell Fell off on Thursday didn't hold itself You had a lot of Conviction to buy this gap and actually take the trade not only that to take it possibly the swing trade to new highs Which it reached in two days it reached it today between Friday and Saturday and never broke the low of the gap So here's an example if you understand how to look at this correctly how to read the system how to rate the system how to take the Trades you got paid you got paid on Thursday, and you got paid today You're gonna continue to get paid because you're up in the trade. It's an example of a belief and conviction Getting the right perspective also comes from understanding a system and believing in it And if you believe in a system that you train which I do if I didn't believe it I wouldn't be teaching it to people. Okay. I believe in it because I'm making money in it and I've been making money in it So I mean you have to believe in something that you do and have conviction in it Remember a system works together in conjunction a system is a system because it works together a system is not one thing or two Things it's a combination of things that work together all the parts work together Trading successfully is not about doing a trade because it's happy in a vacuum meaning you're gonna buy support And short resistance here and here that's in a vacuum because there might be an underlying strategy That's going on in that specific trade that you're taking in that stock on the day That's gonna make that setup fail and many people don't realize that Successful day-treating means you have to have a strategy and if you've never traded in your life before and you have a completely different career and you don't even know Anything at all about the market learn one thing from this lecture today that if you decide you want to day-trade You must have a strategy if you have that you'll have more than half the people that are trading because lots of people that day-trade Have no strategy they think they do but they don't and you have to have that and it is not the setup There's a difference a System is combined all the parts working together to create a successful trader Which is you which is hopefully you if you really want to be one and again If you want to be successful you can learn how if you want to question and question and question the market If you believe the market's dead if you think there's just no way it could possibly happen for me Because I've taken umpteen classes and lost in the market. I just don't see how it can happen. It's impossible Well, you know what that will be your fate That will be your fate and you may as well just quit and not even try anymore because if you think you're gonna fail You will the market is a take-no-prisoners kind of system because there is only one winner and the winner wins big and Everybody else is losers Handing is asking a question here first question You learn in the class the rating system. You learn how to do it yourself You must learn how to do it yourself You need to learn how to do it yourself. How will you have conviction if you don't understand what to do? That's what I'm teaching in the class you learn it and I want you to learn it because if you learn it You'll have conviction. I do call the stock to trade on the day But that helps you learn it, but you learn the system and you apply it That's that's what you have to do. You have to do that to be successful So once you get reliability in the system, which is the golden gap, which is the rating system, which is the strategy itself It's the guy you will you will feel conviction you will feel happy it will change your perspective So if you're at a place where you're in a negative frame of mind You have to decide gosh Am I gonna give myself a chance to work through this to get out of it to actually give myself a chance to be successful? Think about it You can give yourself a chance to be successful. You can say well, I'll give it one more shot I'm gonna I'm gonna give it one more shot here in the market or you can decide that it's just not for you I mean you have to have rules with what you do many people trade and have absolutely no rules and The great thing about new people people that have never never never treated is that they understand this concept of having rules and a System and people that have traded don't don't don't train with rules lots of times And they forget this concept you got to go back go back to the beginning go back to that place of yourself Where you first started out trading and remember oh my gosh, she's right I I I don't have any rules at all. Where did I go wrong? You got to have rules You have to have a system the system is not just one thing It's not just I'm gonna buy this that's important to put the stop here and do to do no It's the strategy. It's the backbone for taking the train to the first place. You have to have rules It's a system a system is all the pieces of the puzzle all the parts and guess what money management is part of that too Money management is part of a system. You can't have a good system without money management You need to assess your risk. Where are you taking the trade? How much you're risking and where are you putting in the stop and the stop assesses a risk because of the stops 10 cents And you take 5,000 shares that means you're risking 500 bucks if you didn't really want to risk 500 bucks Well, then you can't take 5,000 shares It's exciting to take 5,000 shares because you might make ten ten thousand dollars if it drops two dollars But you have to assess the risk and know that if you take 5,000 shares in the stops 10 cents if the train fails You will lose 500 so you have to understand that again. That's part of money management How do you learn all this you get the proper education you get the proper Education and you need a plan of action in order to trade. I was talking about this today in the trading room There are so many places out there to learn how to trade when I started doing this and decided to teach people I actually wasn't aware of that and it was probably a good thing that I wasn't aware of how many places were out there to Teach people to trade because if I hadn't known that I might not have decided to teach people Actually, I might have thought gosh, there's way too many places out there The fact that I never even thought about any place and just decided to teach because what I did worked and I knew It was really good and decided to do it. It's probably the best course of action for me Because if I had thought about it, I would have thought gosh, there's so many people out there But I want you to think about this. There's a lot of people out there teaching people how to train How many of them are actually successful as Many as there are when you look at the market as a whole There will always be more people out there losing or with systems that don't work Then there are that are and that's the nature of the market That's why it takes a special person When you find someone that's real and good like me to recognize it to come to me And that's why I believe the people that actually come to me and pay me to teach them my system and learn it are meant to find me there will always be a plethora of Educational courses out there and traders in the market that lose because the nature of the system is that there is Fewer winners than losers and the winners win big because The there is less odds of the people winning than losing There's it's it's more chance that people will lose because many people are undisciplined Do not have a system are so excited by the idea of making money that they fail to follow any system or rules And just don't just don't know what to do. Okay So and also there's an attitude and perspective out there That is rampant That you can't conceive that this is possible for yourself and Until you grasp hold of that and decide that it is possible and I tried to break that down today By talking about the millions and billions of me you have to conceive that it's possible Do you understand that quarter of a million dollars in the years in a year's time to make as a trader is like a boop? It's like nothing what's available in the market Once you conceive of that and believe of that you'll say oh my gosh, you know, I can certainly do this That it doesn't mean you're gonna run out and do it tomorrow It means you're going to get the proper education You're going to get a plan of action and you're going to then put it into place So I teach a class called the golden gap course it teaches one solid strategy to train gaps effectively But reading the side of power and charts the course teaches how to read support and resistance to take positions in the right direction Whether long or short and the course teaches a more proficient and advanced way to read charts focusing on technical analysis in gaps The course teaches how to get conviction here trading and the market as a source of wealth because that is what it is for the People that want to participate for the people that believe it can happen for the people that understand that having lofty goals and being Successful is actually something that they can create for themselves. Is that you or not? Do you consider yourself lucky or do you consider yourself unlucky? Are you a winner or a loser? Answer me? What do you think right now? Tell me right now. Are you a winner? Are you a loser? I'm a winner What are you ask yourself and look in the mirror and decide make the decision? I want to do this I want to learn how to do this. I want to change my life. I'm sick of this crappy job. You say it yourself I want to learn how to trade. I know the money is there I see it I see it every day when I turn on the news when I turn on the charts Diana's a winner Monique is a winner and both of them have taken my class Congratulations for coming here today wonderful women You gotta decide if you want to be a winner or not a friend of mine said to me the other day He said I was telling them something that I wanted to do and he said Melissa I gotta give you credit you really think big and he's right. I do think big and Guess what? My life is big Okay, and I've created it. It didn't happen in a second and it didn't happen a minute It's five years. I'm doing this now if someone told you it's gonna take five years to make a quarter of a million dollars a Year or a million dollars of a year. Would you do the work to learn it? Would you try? A five years is nothing in the span of your life a year is nothing in the span of your life You gotta get some perspective here and Create a plan of action to achieve your financial goals of making a quarter of a million dollars a year If this is what you want to do Okay, if you want to day trade if you want to do this if you want to change careers If you're a trader right now, and you need a strategy, then you've got to decide Put a plan of action in place know your goals fill up as a winner too and talk to my class as well You guys are terrific So plan of action how would you get there number one trade only golden gas a rate according to the 26 point rating system So that you have a high rate of success in your directional bias Number two get the best entry you can with precision Early in the morning to get good risk reward trades your goal is three But I showed you today you don't even need three to make money Create a money management plan for yourself to achieve your goal of making a quarter of a million dollars a year Training if that is what you want to do You have to say how am I going to do it have to break it down have to break it down have to break it down Per week. What do I need to make per month? What do I need to make portrayed? What do I need to make do I need to get out of every trade at two hours to make a thousand dollars a day? Okay. Yes. Do I need to get out here at every first target? Yes. Do I need to hold it to the target? Yes, whatever it is you have to create the plan of action How are you going to do it and not only that decide decide what that is make the decision So many people you talk to them and say well, how much money you want to make today? Uh No, no, you should only answer the question right now right now and be realistic. I'm not talking about making a million dollars in a day I'm talking about being realistic how much money you want to make what will make you happy If you could have every morning of 500 dollars in 20 minutes, would you be happy? That's 2,500 bucks a week That's 10 grand a month. Would you be happy working for 30 minutes a day making that kind of money? Would you know that know the answer? I don't know but know the answer So the class I teach is the golden gap course It teaches the 26 point rating system to find the best stock to trade each day and how he was asking me about this I teach you the system. That's what the class is the course teaches what direction to play the stock It also teaches you how to play the stock on the live day and take the entries and exits The class teaches you how to read institutional positioning stocks because they're the ones that are making the gaps They're the ones that are buying wsm The golden gap course teaches you how to day trade gaps Many many many people think about day trading and then they Dip their toe in the water Whether or not they proceed on And really learn something that works Is different for every person some people dip their toe And then they quit and go do forex And then they find that they're not good at forex and they hate it and then they come back and they dip their toe again You don't have to work 30 minutes every day. Some trades go very quickly Some trades go fast some trades take a while some are snail some are fast Okay, the rsn is a bearish gap that happened today. It happened very very fast. It was not a snail Okay, aero today was a little bit of a snail, but that's okay. It was a still a solid entry in trade BRSN had a huge move fast and was done very quickly and you had to get out quick So the reliability is the 26 point rating system And you follow the system the gap raised 20 points or more you do it you watch it to set up That's a strategy. That's where you feel conviction. That's where you feel the reliability You don't have to question yourself. You don't have to think what should I do I did the thinking for you when I made up the points. You don't you don't have to think anymore I did the thinking this is what it took me a long time to figure out This is what took me a lot of money to figure out. I did it All I have to do is teach it to you your road is so easy compared to my road Okay, you don't have to think you follow the rules and you do it The trade works or it fails and if it fails you're out. That's it You take one stop if the trades go into work and make three hours. You take one stop. You're still up two hours You see what I'm saying the numbers work for gaps They're very very good So give yourself a chance this year in 2014 to earn the income you desire whatever it is But do know what that is do know what that is Work smarter not harder. This is in other words You're going to say to yourself. I'm going to really focus and figure out what to do here The work is going to be in being smart and choosing Making the decision to focus It doesn't mean working your butt off trading and over trading for eight hours a day Sitting at home and reading financial reports for 20 20 hours a week It's about being smart saying wait a minute. I just got to focus on one thing here and do one good nap a day For the first half hour and that's it And it works or worse if it doesn't it doesn't you're going to be smart about it This is not a gambling mentality Okay, it's a strategic outlook Like a professional whether or not you're risking a hundred dollars or six hundred dollars You should be acting like you're risking a million when you take these trades because if you're too cavalier about what you're choosing Then you won't be successful No, how do you good question? How do you say the ratings? What is the rating system? And ask me questions because I don't know what everybody knows and what they do Honestly, honestly, honestly, don't be afraid to ask me anything Because everybody here is somebody different and I don't know everybody here and I don't know what you know What you don't a rating system means it's a checklist So you go through the checklist one two three four either gets a yes or a no I'm using the daily chart of the stock For example aro. I look at the daily chart WSM I look at the daily chart and I go and and I go through and answer the questions Yes or no, boo boo boo, and then I add them up you add up the yeses There's no minuses It either gets a yes or a no if the yeses add up to be 20 or more Then you watch it to train If it does not you don't That's what it means You're adding up the checks or the yeses Does that make sense? I'd ask me any questions anybody else has here too. We have a few minutes So 2014 I'm looking at for myself and my training is a big year and I want you to think like this too You have to think big. How are you gonna make it if you don't think big? There's too many other people trying to make it may 2014 a great year for yourself You still can it's plenty of time is only March 17 Learn to work smarter not harder to reach the income level you desire Making a quarter of a million dollars a year day training is achievable If you set yourself on the right path the longer you wait The more you're pushing out the further achievement of your goals and your own financial success You can wait another year you can wait another five I probably won't be teaching the class by then but you could if you want to wait forever Okay, time keeps marching on time keeps taking the market keeps moving every day timing the market marches on Will you get on the right path to success? Are you a winner or a loser? What do you want? What do you have what it takes? What does it take? Okay, know that if you think gosh, I don't know if I'm smart enough. I will help teach you You have the capacity don't think that you don't you do you do have the capacity you have to believe in yourself You must okay Do you want to learn a unique method or a stale one? Well 2014 be a big year for you or you're like every other one before it Wondering gosh. I'm behind the eight ball win. What is going to happen for me? You have to make it happen for yourself So mid 2014 your big year Your pot of gold on today the st. Patrick's day your pot of gold is in golden gaps You came here. You found me. You found me today. You are here for a reason We were meant to meet Okay, your pot of gold is in golden gaps So empower yourself today the golden gap course is a complete system to learn to train The class is called the golden gap course is it a full two-day course in how to strategically find pick-and-play stocks at a professional bearish gaps Retakes are free online as soon as you sign up for the class. You can take it as many times as you want to It's an online class. You can be anywhere in the world and take it. It's online The class is this coming week in march 22nd and 23rd from 9 a.m. To 5 p.m. Eastern time The cost is 24 99 if you are interested email me at melissa at the stocks bush dot com And here's my email again in here. If you want information, you can email me Okay, they can you just plot that in it just went up I'm also doing another class this month called the trends course This is a course on how to retrends and stop charts This is really more for people who want to do swing trades or overnight It helps you become a better day trader If you want to but the golden gap class actually teaches you everything you need to know how to day trade This is a class that actually lifts your level of day trading to a larger level to be able to look at things in a bigger time frame And it's a great class for swing traders or board traders If the class is march 25th and 26th from 1 to 5 it's broken up into two days the cost of this class is 9 99 Again email me at melissa at the stocks wish dot com if you want more information And i'm doing a special from march the march combo class is 2 for the price of 29 99 It's a savings of 500 bucks So if you want to do the golden gap class and the trends class you can sign up for march And pay 29 99 for both classes. This is the march special Happy st. Panney's day everyone and let me see is any other questions here And again, here's my email Since it plopped up. Does anyone have any other questions here? Let me just see And one person doing everything So to answer that question I Make the schedule for the classes Usually after the class depending on how much interest I have and how much energy I have Because I'm trading every day money through Friday. I'm running the live room and then I did the classes So I know I'm doing a class this week in a march 22nd and 23rd I will do a future class I do not know the exact date yet For the next class, but I can certainly tell you when I do know And you can email me and I can let you know Or or you know if you can get on the mailing list to find out too Does anyone have any more questions for me? Think about the things I said today March special is the trends class And the gap course for 29 99 So it's a savings of 499 dollars You get both classes you can do them both in march. You could do one in march one the next time You you you can do both of them in march. You save 499 bucks Monique I have you down already you're good to go And this is a nice special because it saves you like 499 bucks You're welcome tad. Thank you I I am inspiring on the email that was sent out. I'll say this one last thing. I'll everybody go The email that's on online trader central that everybody received to be here today is a picture from my building That's that picture of the empire state building is in in my building That's the picture of you for my building here where I live Where I live Okay, so know that you can achieve anything that you want it is possible Manik knows manik saw my apartment Manik's like that's it. I'm quitting my job today. I'm doing it I think after manik saw my apartment. She left and said I quit Thank you so much for having me tonight. Thank you all my trader central. Thank you. Kathy. Thank you. Kevin Have a wonderful st. Paddy's day everybody Again, we appreciate each and every one of you and your time and your participation today We especially want to thank our host presenter Melissa Armo and to everyone of you have a great day today tomorrow Please take advantage of Melissa's offer. Again, everyone