 We're gonna get started. Just give me a hi. Excuse me. Good afternoon. Starting a couple minutes late here. Want to give everyone time, chance to sign in. Set up the recording and I need to get some water. Excuse me. Okay great. Thank you Kathy. If you have questions plop them in the room. I can see everyone's writing. Today I'm gonna talk to you about how you can earn a living day trading and again you can day trade. You can do options. You can you can do whatever works for your schedule. Okay so for me I look to focus on the morning period and as far as earning $250,000 a year you can earn way more than that trading. It's just about your risk. If you have a higher risk you will earn more money. Excuse me. If you have a lower risk then you will earn less than $250,000 a year. You're looking for one-to-one. I think the problem is with a lot of traders is they are not consistent with their risk and they're not consistent with the strategy that they used to trade so therefore they never get to this elevated level of wins and profits whether it's week over week month over month or year over year. So I think if you're someone that's been looking to trade or you've been thinking about trading or your trading right now and you're not seeing these types of profits or even being profitable at all month over month over month then you need to consider if the strategy you're using is working or if it only sometimes works. Sometimes anything works even crap ideas you know what I'm saying. Like people bought GME a year ago or whenever that was February, January 2021 and they made money. Some people made a lot of money. It wasn't a good trade. It hasn't worked ever since. So you know sometimes anything works. It doesn't need to consistently work. So for me what I do is I get up in the morning I'll look at the gap. We're gonna talk about gaps. That's what this lecture is going to be about today that is a strategy that I focus on and again that's how you can be consistent and then you take the risk, you set the risk, you use the same risk on every trade, be consistent with it and you can be profitable. Again not only to earn $250,000 a year but way way more. I have a woman that recently signed up for the Gap Options newsletter with me. She's gonna she already emailed me today. She's gonna pay for the subscription for the year in two weeks. Could be this week. She's making money. So it's about getting good trade ideas too and if you don't know how to find those ideas or look for those ideas or spot those ideas then it's gonna be difficult for you to be consistent. Again consistency is the key to earning a living day trading and if you've been somebody that's been doing this part time that's fine too. I mean some people are back to work normal. Excuse me some people are working from home. Personally I like the fact that I can work from home but you know a lot of people have gone back to the office and if that's something that you're doing you can do options where you can put the trade on and you don't have to babysit and watch it in the morning. But for the day trades for the active live trading room you do have to be available between 9 30 and 10 a.m. Eastern time to take the trades. The options you can put the trade on buy it and then put an immediate sell order which is a cancelled day order to get you out. For the day trade room you have to be live. The options trades I'm just doing the weeklies and we'll go over a couple in here too. Okay. So everything I do is based on the strategy which is like the golden gap and we'll talk about that today. Anyways if you're interested in more information you can email me at melissathestockswish.com. I do recognize some of you here. I think some of you have been following me for a very long time and I'm not sure why you haven't joined. I realized that people are trading and they're back and forth but ultimately you've got to try to get somewhere with this and the only way to do that is to really make money. I think one of the reasons that I was successful at the start was that I was very driven and very motivated to in fact make a lot of money. That was my number one driver and talking about trading for a living. I didn't like my mortgage job. I was doing mortgages. It was back when the mortgage industry was collapsing 2007, 2008 and I was determined to find a different career and I really wanted to find a different career where I could have an unlimited income similar to when I was doing mortgages but again all of that fell apart when banks didn't want to lend money to people. So that's how I started out. If you'd like to follow me on Twitter, Facebook, YouTube or Skype you can do that as well and again you can email me questions or feel free to give me a call. So let's talk about results. Results count. You've got to have results if you're doing this. This does not mean that every trade that I do works although I will say that 2022 has been a particularly good start to the year. Why? Number one, the trades have been there. Number two, I've spotted the trades very well and number three have been extremely focused so far this year. So, you know, we're at a period now where earnings season started. It actually officially started on Friday. Today is the second day. Monday the market was closed for Martin Luther Kingdom yesterday. We did Goldman Sachs today. That was our play of the day. We shorted it and we did the spy. So, again, you know, having more winners and losers is how you're going to be able to pay yourself at the end of the week and the end of the month. I don't think it matters when you pay yourself as long as you pay yourself. Now, if you're someone that starts out with a very small trading account and you don't want to take money out at the beginning, you want to build the account up, that's okay too. Your risk has to be the same for every trade you take, like I said, and based on the size of your cash account. But again, if you're having more winners than losers, you are going to be able to make it. And I think patience is important as well, especially if you don't have a lot of money to start because if you're someone that has a small account, you really cannot afford to lose. The difference between someone with a large trading account and a small trading account is what? A small, a someone with a large trading account can make a lot of mistakes and still have money in there to trade and risk. Someone with a tiny account, I'm talking about under five thousand dollars. They could blow up that account in one day or one week if they don't know what they're doing. You follow what I'm saying. So if you have a small account, you have to be very careful. But again, even if you have a big account, you still want to have more winners than losers. So results count and you've got to see them. So open up your mind today to learn something new. We are going to talk about charts. We're going to talk about gaps. I'm going to go back and forth between the chart. We'll see where we close today in the market. We can talk about that. I think the other thing too in reference to trading and one of the reasons that people struggle to make it is that they're back and forth trying to be a jack of all trades and an expert and none and so they really never completely, completely, completely fully get ingrained in one particular strategy where there's show, show, show, show, so good at it that they can have a lot of wins. Because when you're trying to do this thing and trying to do that thing, it's like if you were, uh, uh, the Olympics was coming up. I don't know if I'm going to watch it because it's in China and it's like so far away different time zones. So everything's going to be really screwy with the time zones. But as far as Olympic sports go, you, you wouldn't want to be a skater and a skier and a snowboarder. It's like you would be impossible to be good at all those sports at the same time or very difficult, you know? It's kind of like with trading. I think what people do is they say, well, they want to go long, they want to short, they want to do, um, you know, this strategy, that strategy, they want to do too many things all over the place and then they never get really good at anything, you know? So think of yourself like an athlete that you're trying to make it into the Olympics and if you have that type of focus, a pinpoint of focus like a bullseye, I think you're going to do a lot better. And again, I even do that to the point of really only doing one trade or two trades today. Now today we ended up doing more because the opportunity was there, but usually I'm very, very pinpointed with what we do, trying to hit the bullseye every day and get it right because again it is about having the winners not the losers, okay? So again, if you're one of these people and I know some of you are because I've seen you. I've seen some of these people in many, many webinars that I've done and some of you are trading. If you're not getting the results, you have to stop what you're doing. You cannot continue to do the same actions over and over and expect the same results. It's not going to work. It's just not going to work. So change is required. It's actually necessary that you change if you want something different and if you want to be more successful in the market and in life then you have to learn a trading system that will bring about the financial results you have been looking for. Change what you're doing and the sooner the better. It's kind of like if you look at what's happening in the world right now. Now particularly my circumstance I live in New York City. New York City is a mess right now and it's actually been a mess for now going on two years. Nothing is going to change in this city unless the people that are in charge, the leadership change what is happening in New York or people that are residents here vote in new leadership. So the fact is again things only change when you take necessary steps to bring about a different outcome and so it is up to you in your own life in your own personal space when you sit down in front of your charts if you're trading open up the platform to do something different if you want a different result. You can't keep doing the same thing if it doesn't work. Now for me I do focus on the same thing every day because what I do does work okay and because over the number of years that I've been trading over the number of years I've had the business that I've been teaching people I've actually gotten better okay we have not had any losing trades in the live trading room so far this year at all. Now it's only been you know two weeks or two and a half weeks into the year but still that is phenomenal and everyone is doing extremely well so far this year. It is up to me to be very very focused when I get up but again the idea is just like an athlete that you would get better over time better better better better better better better make more money and I think what traders is what happens they end up losing over time do not stay focused and then they get extremely frustrated they get frustrated that they're losing they get frustrated they've been doing it for a long time put a lot of energy into it they get frustrated they taking classes and haven't learned how to train and then they consequently do not want to take other classes or do other things because they're so frustrated that they're not doing well and they end up going down the hill instead of up the hill you're supposed to be going up the hill where you get to the top and the top of the hill is what is success okay so one of the cornerstones to Everlasting's trading success is consistency just like I said before more winners got to have more winners than losers now in the past you would have had to pay all kinds of fees with brokers brokers have really eased up on fees the last few years as the as the industry itself has has become smaller smaller smaller so there are still fees associated with trading but nowhere near what they used to be years ago when I started that actually but you have to be consistent and without any of this it's hard to stay in the market for any length of time and if you've been trading you know this you may have open up an account then you have to refund it then you blow it up then you gotta take a break then you gotta go back then you open up another account it gets very frustrating and it's mentally and emotionally and financially exhausting so in order to be consistent a person needs proper focus on what counts okay so if you've been dreaming of being successful the market for years but the success has eluded you stop and consider why isn't something that you are doing yourself like where you have discipline issues or is it nothing to deal with you and it's just the strategy you're using doesn't work either it loses or you make money but you don't make enough okay you don't have enough profits big enough profits to cover the days when there are trades that don't work and you lose so you've got to think about this is a good time of the year to January January the beginning of the year to elevate yourself to a new trading level and this requires really a deeper understanding and a better comprehension an overall wider perspective of what makes individual success possible for a trader or investor in the stock market so again making over two hundred fifty thousand dollars a year is not impossible it is absolutely not and I'm using that number as a guide because many people can pay their bills and consider that earning a living if they can make around this but you know this is outside of New York City or expensive places in the in the in the world the reality is that many people aren't even making a thousand dollars a week you know let alone five that's it's that they they just give back their winnings and losses and they have too many losses so you see how it can very easily build when you are become successful and then you get excited and you do well but it has to have the foundation of the good system and then you have the sizing that's on top of it as well what type of account do you need to make that kind of money well let's talk about what type of trading want to do we're going to talk today about day and trains and we're going to talk today about options trades options trades you can open up an account with any broker as a non-margin account with a day trading account you're going to need a margin account different brokers have different requirements for the type of cash you need for those types of accounts so first you have to decide if you want to do options or secondly have to decide if you want to do deck day and trades which is on our charm margin okay so that's first my strategy on gaps I do both you can do both and you can use my strategy for both so I have a live trading room and I have an options newsletter so first you have to decide which one you want to do okay so that's first then you see how much cash you have in order to open up that account so as far as the risk goes I would be looking for one to one so for example say you wanted to make a thousand dollars Monday Tuesday Wednesday Thursday Friday on average five grand a week again some days we may not have any trades some days we may do two trades like today same some days you may earn more than one amount but I would go one to one on average so if you be taking an option you're looking for what a hundred percent return on investment if you're taking a day trade you're looking for what it's called a risk to reward of one to one if you be looking to risk a thousand you're looking to make a thousand so I'd say a thousand dollars is a good risk to reward average for option or day trade to look to turn it over if you want to make five grand a week does that make sense so on average so figure if you're going to do one trade a day and there is 20 trades 20 trading days on average in a month you're going to need at least a 10 to 20,000 25,000 account in order to do that okay so if you're really good you could have 10 grand in an account and do it if you're brand new I'd say you need about 20 give yourself a thousand dollars a day makes sense so I hope that answers your question but we will talk about options and we will talk about day trades okay good questions here just you can keep asking me them as I'm talking I'm seeing the chat so anyways let's talk about institutional money becoming a successful trader and investor requires becoming a specialist in defining where the institutions are buying or selling a stock so this is pretty much how I make my picks I'm looking at the gap every morning and I'm going to show you what a gap is in a minute and a chart but I'm looking for institutional money in the gap are they buying the gap are they selling the gap okay so that's how I make the decision I make the decision based on something called technical analysis but it's advanced technical analysis so if you want to trade with me you what you need charts you need to set up a day chart again you get all of this with the broker when you open the account this doesn't matter if you have an options account or a day trade account you get live active charts wherever whatever type of account you open you can set them up and you can set them up looking pretty much like mine if you want to so you can go anywhere and get day charts so I'm looking at the price action in the chart and then I'm looking at the gap but I'm trying to predict where the big money the institutional money is going to take the stock are they going to drive it down are they going to push it up so that is all what I'm doing okay now if you take the class with me you'll learn how I do it I have small classes I have a large class I have the trading room and I have the options newsletter so it depends if you want to learn or just train the complimenting how to redefine and trade with this power which again is the institutional power is going to have a huge positive impact on your profitability as a trader now what happened today in the market the market sold off so what did we do today we shorted so they were selling in the market so we shorted and we did puts and they worked okay and we did them very early in the morning very early in the morning so it didn't matter where you got everybody made money because we got the direction right and that's another big thing too if you want to make money trading you've got to get the direction right if something rallies and you short it you're going to lose if something drops and you go long it you're going to lose too okay if you don't get the direction right that's going to be a problem so again you have to have more wins and losers but that means really getting the direction right more than you do not okay so elevate yourself you're trading your profits to a higher level of consistency and success by learning how to read the footprints of institutions trading in the market now let me just pull up the chart here I have to take this off for a minute here to plot this on quickly to just show you today so here's today can you see it we're pretty much flat here tonight up a little bit can everybody see a chart of the spy let me know is anyone there I have the spy up can you people see it so I said I look for the gap let's talk about what a gap is for first a gap is the difference in the close and the open here the market closed on this particular day at four fifty four ninety eight and the next day it opened where four fifty and sixty one it gap up you could have bought the market this day if you did you made money and that was twelve twenty one we didn't do that that was the week of Christmas I took off that week but anyways theoretically you could have gone long here what happened over here market closed at four sixty six forty five boom opened down in the morning four sixty one fifty five so if you shorted the market here guess what you made money okay so anyways there are gap downs there are gap ups now can you short every gap down no for example last week the market closed here in Thursday at four sixty four fifty three and gap down and open down Friday at four sixty one nineteen if you shorted the market Friday for example as a day trade you would have lost so this is a gap down where here you could not have shorted and made money on that particular day are you with me now this over here in Thursday was a gap up and if you went long you lost it fell this day market closed here four seventy one oh two and gapped up and open at four seventy two nineteen so I've devised a whole method which is my process that I do in the morning the pre-market that allows me to predict what is going to happen here so I'm looking at this even before this occurs let me just get rid of this here see if I can just get rid of today no I can't get rid of today without getting rid of crap well I can't get rid of I just I don't want to show you today but I lose Friday too I'm sorry about that but anyways here's Thursday the Friday was here and then you don't see today so I got up in the morning and saw where the market was in the pre-market and predicted that we would fall today and I was right okay so I have an options newsletter which I sent the trades out in the morning early in the pre-market you don't do the trades till the open and then if you're in the live room you get the trade and we did it and we did short this market today so I predicted that what would happen we would fall which means let me blow this up again selling and again you went shorting today because we were red okay we fell everybody with me I see some people signing in here late let me go back to the slide so I'm reading the footposts of institutional money and what in that gap that specific gap which is the clothes the difference to the clothes in the open which I see early in the morning or I can look at it at night I prefer to do my work in the morning but you can look at it at night so we're up tonight we're gapping up tonight a little tiny bit but we are up okay so this is what I do I do not trade the pre-market I do not trade the push market but I'm reading what the institutional money is doing in that time period okay so now this was a chart of the QQQs again this was back the whole month of December beginning of this year the market was sideways for quite a bit of time okay you could have bought it certain days you could have shorted it certain days we've captured a lot of the moves that were happening here in this market where we got momentum which also counts for profit so somebody was saying well what account size do you need to make this kind of money listen you get good moves and you get big moves and things you can very easily make larger than 100% return on investment or larger than one to one in a day trade you don't know until you're in the trade and you see how it's going so again I have targets and the options newsletter and if you're in the live room I'm giving you the targets in the room but it's the objective and the point to have realistic expectations when you're taking the trades overall but there are many days when we can get bigger moves than that and one of the nice things going back to what I was saying is about the fact that earnings season started on Friday is when earnings season starts you have stocks that move big so there's quarterly earnings companies like today Goldman Sachs they report their earnings they say what their expectation of their outlook for growth is and they give all this information and then the stock has a move that could be a bullish move it could be a bearish move but I'm looking for that when I'm watching it and then I'm looking to see how it reacts so Goldman Gap down today very easily could have been bought in the Gap down it wasn't but the fact is when you're looking at things to get the direction right you've got to get the momentum the direction and all of these things to happen within the time frame that you want and this goes the same for options or day trades because if I'm in a day trade I want to get in and out quick I'm trying to get in and out in the first half hour of the day in an option I may give it a little bit more time because I'm doing the weeklies so I have a little bit more time but I still have to get the move within the week that I take the trade okay now this was the cues let's just look at this first what the trade was 394 puts a put is a short I sent out on January 5th which expired 114 so 394 so what day was that what did I say January 5th here everybody with me so this closed here this gap down so it was a little bit above the strike take it to the right see where we were time I sent this out was 10 36 in the morning and you can see where this went fell off a cliff actually kept falling this was a really nice move okay so if you want to do options you take the trade when you get it so the cost was $4.50 for one contract now this is an advanced trader risk so in this advanced trader risk is so much more than the profits would be way more than what we're talking about here for a thousand average of trade but if you wanted to risk $1,000 to be consistent with that risk okay you would take how many well you could take two two would be what $900 if you took 20 the risk was $9,000 and if you have the account to do it you can do it so sold at 22 profit 35,000 this is a 389% return in investment so you see here your goal is 100 you know your goal is to get the move I call it the money move but sometimes things are going in your favor you don't have to kill a trade now if you can't watch it what I would suggest is you put the order in you buy it and then you put an immediate sell order and you could have put a sell order for example here at nine and just got out at nine because if you can't watch it if you can't see the markets falling off a cliff and you're in a meeting or something then you don't want to miss the exit on something so that was back at the first week of January this year so again in order to do options you don't need a margin account you can open up a cash account but if you want to set up an options account as a margin account you can too it's still only the cost that you're paying and I think people that have small accounts options work better for them because you can have explosive moves like this with very low cost because at the end of the day you could have taken one contract in this and whether and only risk 250 dollars and still made 389% return in investment so that that is very profitable and particularly for someone that has a small account and again you have a fixed risk when you take an option why because you cannot lose more than the amount of the contracts with the cost in this case here if you had the ability to risk 9,000 you couldn't have lost to any more than that even if the market would have rallied and made a new high it did not but that's all you would have lost okay so I don't kill trades in the middle of them like I just let them be and go and work so that's what I do but if you want to kill them if they're down the first day I call them that's up to you for me I'm looking for the follow-through and the commitment of the institutional money to come in and while I brought up that chart previously of the market I will tell you that I did call two market trades on Friday that were down into the closed Friday and if you held them over the weekend those trades were up this morning and worked so sometimes I do an options trade that does take a couple of days with the day trades we don't have the flexibility we've got to be in and out quick now the nice thing about day trading is again you could have shorted the market on that particular day this day back in January 5th the key is when it fell the idea of day trades is is making fast money in out boom boom boom okay you have to be in the trading room for that you've got to be available to take the trade though between 9 30 and 10 a.m and you have to be in the room to get the call live either way I'm looking for the movement the momentum the volume again this could be selling this could be buying it could be whichever direction we're happy to play it because it's earnings these are right now we will be going long and we will be doing shorts okay so commitment has a plan of action when big money getting back to what I was saying a couple of slides ago when institutional money comes in it doesn't just come in and then disappear do you know what I'm saying so again places that invest in stocks make decisions based on lots of information research reports research in general all kinds of things that we are not privy to and by the way to buy a research report the ones that a company like Goldman Sachs would buy cost hundreds of thousands of dollars we are not privy to that information and it makes no sense to even think or consider that information because by the time we see a stop and we see the gap and we see the move we see the market we don't even have enough time to process that type of level of information we've got to make a decision right now to debt if you want to short the market today you had to take it get in get out okay that's the type of thing we are active active active active that means in out and I still consider the way that we do options active to be honest with you because again these are not trades where you're shorting a stock or buying the stock for weeks and months and years if you know anything about options you are paying for the longer time you are paying more more more more and it just doesn't make sense to pay for that more time because if something isn't going to go right now well then what the heck do I want to do it for how do I know it's ever going to go so I want to do it right now you have to make money right now that's the idea of being what is called an active trader okay any questions about that everybody with me so far so that's also why I do the tighter time frame someone was asking about the options time frames too but getting back to this conversation about institutional money if you learn how to read the footprints of big position players again big traders hedge funds big bunny in the market before the momentum occurs you can take the position in the right direction which is why we try to get in as really as we can and then we get the move and we get out okay it's get the move get out take it get out chunk it out but you have to understand how to trade with the side of the power and the moves do happen fast now personally I love that if you're not used to that you have to learn how to do it and you get used to it and once you're used to it it's fine but the market definitely has the the ability to pay you on many days because stocks do move that we trade we do not do low float stocks we don't do penny stocks we don't do crap stocks we don't do stocks that don't have a lot of volume so everything that we do you would be able to get in and out fast and quick and get as much size or as little size as you want we're trading on the side of institutional money and it's just that a lot of people don't know how to read it but if you can learn how to read it you're gonna become a successful trader and you can win big trading on the side of the power again I teach this in my large class but if you just want to get the trades you just sign up for the subscriptions that's up to you but this is something that I've really made a full on career at it for myself because I developed this whole method to do this and it really works very well even for something like the market can be tricky you know I did not expect COVID I think that was something that nobody expected back we're going back now almost two years March of 2020 but once you get into that you know process in the morning where you're reading something you're looking at it and you're reading it and you're focused to do it you don't think about all the other nonsense out there you don't think about the news you don't think about the websites you don't think about the noise I guess it is and you just focus on what's happened the gap and you'll do well and again this is why you precise yourself correctly because even though I said we have not had any losers so far this year in the day trading room I mean I would love to say a year from now we didn't have any losers this year but that's not realistic so you have to take the amount of size that you're willing to risk and divide it up by the number of trades you want to take per week and that's how you have to break it down but it is about the focus really for me and I've just been extremely focused lately and the moves have been there and I expect they will continue to be there because for two reasons what earnings season started and we normally get big moves in earnings season and two I do think that 2022 is going to be a very different year than 2021 for the market we are where we are going to have the volatility volatility makes for good trading if you know how to how to trade it okay any questions here so far take a sip of water excuse me so getting back to institutional money institutional money is in charge of the market and stocks at all times a bank flow of money going in a certain direction is what moves the market stocks and creates momentum and sets the trend in charts when you are looking for institutional money you are really rating the side of power in a stock you want to be on the side of the power in order for you to make money trading because then it's very easy then it isn't hard at all what people find hard is being able to determine what that direction is and to do it every day to be honest so again the idea of making 250 grand a year or you know 30 grand in the trade none of that is hard if you know what to do knowing what to do is what people find hard that is part of the learning process the learning process is something that some people are interested in but then there are people that have no interest in the learning process and all they want is the trade ideas so I don't know which side of the corner of the street that you stand on but either way it's the idea of being successful and doing something that results in success for yourself that you can actually reap the rewards to doing this now here was the market and the spy so we looked at the QQQ's earlier this is the spy this was back Thursday where we had the drop off here I showed you that big chart we had the market up from today's drop on January 6th which was the day after that fifth call I called the 466 puts in the spy which expired in the 14th this was one of those days and I'll show you this where you could have held this until the very last day I don't think people should do that but if they're up in the trade I mean but this was one of these ones where this trade worked so well you could have done that so the cost for this one was 450 20 contracts would have been a risk of 9,000 sold at 950 profit of 10,000 this is a normal trade we showed an investment 111% but what happened with this January 6th 466 here let me see where we are 456 is here okay this fell all the way down here but actually from 466 oh you know what I'm gonna have to pull up Friday hold on I don't have Friday's day in there can you see me I see the jar here was the day I called it this is the drop in here but look at where this went and again I'm not saying that you would have wanted to do this and I did not do this but I'm just showing you this was Friday on the expiration date look at that that's ridiculous it opened at 461 lowest 459 that was still profitable trade on Friday at the expiration day but again I look at everything take it get in get out take it book it take it book it take it book it but I mean this just shows you really where my eye has been directed so far this year so even if you screwed this up you couldn't have screwed it up to be honest with you but again you really need to take profits in trades when you're up especially something where you're up 100% like that let me just get back to the thing okay what was I saying we were talking about oh we were talking about this trade here so I showed you the chart so this is just like a normal trade again the queues had a bigger drop had a bigger move so that was a larger return on investment okay and again I see some people coming in late you can always plot me questions in the realm but in order to become successful in the market you have to become a specialist so what am I a specialist in? gaps that the gaps when I read them tells me everything I need to know about what the institutional money is doing so that I know if something's going to rally or drop and if I know that then I know whether to go long or too short and again I'm always looking for the momentum I'm always looking for the power of money that goes without saying okay and again that's why you're getting some of these ones that have these massive high percentage return on investment outcomes because that's what momentum is I mean that's what the market has to offer people that know how to trade but again you can learn how to do it and apply it or you can just get the trade calls this is something that again what side of the corner of the street are you on? I don't know for me it was important to understand the methodology why was I doing it and the study it's always been important to me because I'm a very brain oriented person obviously I developed the system myself but it really pinpoints institutional direction the strategy sets up daily and again what is the strategy it's called the golden gap how does it work I get up in the morning and I rate the gap so I'm focusing on one thing today I focused on what? Goldman Sachs we shorted it I also focused on the market today why? because I knew the financials would go and move with the spine so once I rated Goldman and I knew the Goldman was going to fall well then I knew the spy would too okay actually here is this here is this actually so here was today down here is the volume so here was Friday stop closed boom there it is get the drop so this was Friday this was today we shorted this okay and we did a put in it so we did an option in this and a day trade actually so if you happen to want to be in the day trade room and do options and I call the same stock and the same ticker symbol and the same day you know I really really really love it and those are the ones you don't want to miss okay so you see how this was really had basically selling okay not sure the exact loan of the day here but it really sold off hard broke 350 just went now one of the other ones we did that was a big winner for this year so far alone was Netflix again the focus on one strategy which is gaps and we did this as a day trade show and actually let me pull this up then a bigger chart enter was 558.85 now this is expensive this is expensive we did puts in this but we also did this as a day trade I know it's expensive do if you can do 100 shares to 100 shares because this is on margin 500 shares was a risk of 3225 and this stock can move a lot 547.65 profit was 5600 so this was a very very actually let me see if I can pull this up let me just go back to my chart here a second for that day so this is a day trade so we've been talking about options this was a day trade we pull up the baby chart again I'm just trying to blow this up this is a one minute and get this up see it so here's the whole thing actually from one six then the follow through drop one seven again this is a one minute so I'll go back to the slide in a minute where you can see so this would have been a day trade that we did in the live room on margin where I call the entry then I call the stop then I call and I say get out and then you get out if you want to get out there or if you want to hold it you can hold it but this is showing you one six one seven just to see where the stock dropped and fell and again we did do puts in this two and options this was another one where if if you're in the room and you're in the options letter and I call two things in the same day you would absolutely want to to do it let me go back to the slide so this is something where you would assess your risk and again this was a big stop for this okay this was a large stop for this but it paid why the stock dropped more than $10 that's a big move for Netflix okay but you could have made $5,600 just doing a trade in and out really quick in Netflix and you could have done in options too but I'm usually not in options in you know five ten minutes in and out in five ten minutes so this was a trade you would have needed a margin account show you get margin from a broker you get 41 margin from a retail broker if you go to a prop broker you will get 10 to one margin so again you don't need the full cash equivalent of a $550 stock in order to to short this and again this is a short it's a short okay whether we go long or whether we go short as day trades we're always doing them a margin okay anyways here was the this doesn't I don't have today's trades in here but this is where we are here today this is in the trading room this isn't the options trades yeah there's the one six was Netflix we were closed on the third we did Footlocker I was up in that I messed up that exit I got a break even no trades the fifth Netflix was a winner spy was a big winner in the seventh Q's was a winner in the 10th no trades the 11th Apple was a break even the 12th Netflix we did again on the 13th Facebook JPM was Friday and today we did spy and Goldman Sachs and they both worked so again the focus you know again it's more winners than losers I hope as long as I'm on this hot streak it stays I said in the room this morning I was joking about it I should start dousing myself with holy water because everything I do is right right now I have the golden touch but you know you still have to you still have to size yourself correctly for the trades any questions here so far so this was another one this was the one we did on the seventh again this was a day train so let's look at the seventh was here okay show close to your fell boom we did a short in this you needed margin to do this or you could have done a put this was a short we entered a 467 20 if you're in the room I'm giving the numbers the shares was 2000 risk was 2900 again if you're risking around 3000 that's your assessed risk then we did an ad at 468 30 total shares 4000 average price was 467 75 got the drop boom why was this such a large monetary you know profit of 10200 4000 shares that's a lot specifically the market and also the stock moved more than two dollars so again typically from doing something whether it's the market whether it's Apple whether it's Netflix whatever I'm looking for a dollar a couple of dollars I'm looking for a move like I'm not doing something for 10 20 50 cents unless it's like footlocker I might do for 50 cents it's a lower price stock but we're looking for usually a dollar or more or several dollars depending on my risk so if I'm risking two dollars I want to make two dollars again if I'm risking a dollar I want to make a dollar similar to what we're talking about with the options straights if you're risking 450 you're trying to make what 450 okay the day trains were running out quick between 9 30 and 10 we might be done it at I mean Friday we did JPM we were done the room was closed like I think at 9 45 I mean I closed the room before 10 o'clock Friday so we could be done in 15 minutes five but that's the day trains we are in and out very fast in the day trains and as far as the options go you have to give them time for the momentum to come in so if the momentum comes in like a whopper in the first 30 minutes though I'm probably not going to get out of that I'm probably going to give it a chance to keep going if I take a train to Monday it doesn't expire to Friday and I get a big move you know the first half an hour well I think that I'm going to let that sucker run you know but you could get out of it theoretically if you did an option that fast if you wanted to as well I think there are people that are doing that you know that are on the letter but that's that's your personality but the day trains the day trains on margin we're in and out fast the answer is yes okay so the focus is on one system equality system this is what I'm looking every single day and again shorting is what I mostly do now this does not mean that I'm never going to go long again doesn't mean I don't go long I do but I am very focused on shorting I am very good at shorting and I've really been focused on shorting the whole time I've ever started to train because you get big moves with shorts and you get fast moves and I do like that and it's because it's panic so panic comes in quick you saw that in the market today you saw that in Goldman Sachs today so we will go long we went long Tesla and Apple so far this year those are the things I can think of that we went long so far off the top of my head but the fact is you know we've been doing shorts and they've been working now again I may go long tomorrow morning there's some very significant earnings out tomorrow morning and this week I may go long though I don't know until I see the gap and rate it but the fact is that I do think shorting is exciting the moves happen big and quick and fast and I do think that shorting gives me an edge because a lot of people that trade the market do not know how to short so how do I find which gap to trade I get them in the morning I rate the gap using my 26 point rating system it is a strategy that I do and I teach in a class on it usually around once a month so I actually do not have a class this month in January for the golden gap system the next class is an until next month the class I'm doing this month is the options course which I'll talk about at the end so if you're interested in the golden gap class email me and I will email you what the next date is but this is the two-day course that I teach the rating system in it's a 14 hour course where I talk about gaps and how I pick them but again let's just review here this is very basic what is a gap a stock gaps with the opening price today is different than the closing price of yesterday's trading simple a gap is a break in price action from one day to the next again simple guess what how many things gap in every single day almost everything it's very rare that the market would close at you know 455.52 and open tomorrow at 455.52 so I mean most everything gaps on any one given day but not everything gaps in a way that's predictable that you can predict the direction that it's going to go that day so that is the key that is the key for me that is the key is looking for what I called golden gaps which is anything that rates 20 points or more per my 26-point rating system how do I determine the points I look at a daily chart and I go through them and this is what you learn in the course but it spots institutional money so again going back to the philosophy why does it work how can I see the market is going to fall or goldman or whatever we do it's because of the fact that I'm seeing that the power of money is coming in and is moving it it can move it up it can move it down but we got to be with it or we're not going to make money and we have to be with it if we want to get you know 300% return on investment there's just no way to get that to have these kinds of risk to rewards unless you're with the big money it's just never ever going to happen you're going to have to take 50,000 shares of something and it's way too much risk and it's just absurd to do that and it's just way too risky and that's one of the reasons I went into low float cheap stuff too it's crap and you're just you're taking too much size with too much risk on that doesn't make any sense you want to be in and out very nimble couple thousand shares and you're in and you're out and you make a couple thousand dollars and you're done and again the options you can put size on your options because you can't go over that anyways with the risk so you can plop on the size with options because if the stock wiggles and jiggles and moves you will never lose more than an option than your total total risk of the cost of the contract okay but you still got to trade stuff that moves and you still have to trade stuff that has volume in the options okay so how do you find golden gaps again the rating system this is the meat potatoes what I do it's what I teach in the class I find the gaps and I rate them and I use a checklist that's what you'd come if you wanted to learn the system from me they have to be qualified and the checklist tells you what to look for in the price of the stock gaps are such a secret ingredient in charts that many people overlook them they don't understand them they don't know how significance they are they make the trend they set the trend they continue the trend in stocks in the market they overall tell you everything you need to know and again you can knock along every bullish gap or short of a bearish gap Friday was a good indication of that and many days the market has had it markets gapped up made new highs sold off again the market can be tricky but if you get it right it can be so profitable so it's about learning and doing it understanding it and gaps set the trend because they're definitive and demonstrative change and show a price in what is called an event and this is the power the power of understanding really gaps so it's technical analysis that I do but it's advanced technical analysis in the gap gaps are real show of the power of money gaps either continue the trend or in fact change the trend and if you follow the gap you'll be following the power of money again a lot of people just don't understand gaps though are they read and wrong and you can get hurt if you're doing the wrong thing quite frankly today in Goldman if you went long you could have gotten hurt okay so it is important to know what to do it is important to size yourself right it is important to use stops okay so there's only one thing and one thing only that can move the direction of a stock it's money and it's not a little bit of money but a lot of money or what I call power of money power of money is in charge power of money is in charge the stock's direction and it is at all times even if you think it's not it is and as much as people complain about certain things like that hedge funds and this and that in the market that's what makes it possible for you and I to trade and make huge profits because they're moving stocks and they have all the volume of the money to move them we do not everybody if we went all together in the trading room and did everything of the exact price in the exact second we still wouldn't move it okay we have to be in stuff that's really going with this big big big big big big money so gaps happen in the market on a regular basis and one of the reasons earning season is a great time to trade which again started Friday is because you get more gaps in earning season than not earning season and you get usually good gaps but some gaps are nothing gaps again there were some days this year where we didn't do any trades if I get up in the morning and I rate the gaps and there isn't anything that rates well there isn't any good ones we don't do anything but that's okay that's better than losing the most important gaps in the market are gaps that signify a change of direction or a bigger move in the same direction understanding which gaps are meaningful and which gaps are not meaningful in the market will help you to note what to do and when a change is occurring that is how you will know when the power of money will flow to pay you so it's all about the 26 point checklist this is what I teach in my golden gap course again I am not doing this class this month in January if you are interested in this class email me I will let you know the dates so we will talk about the things if you want to join that you can sign up for here this week but it's all about the profits it's all about power of money just think about it think about what I said earlier when I started the lecture you have to have our winners and losers I know this seems so basic it seems so basic but a lot of people just don't it doesn't register with them and I don't know if it's because I've been trading for so long and they are losing it doesn't register but you can't get up every single day and never change what you are doing and expect a different outcome you just can't again New York City is a good example nothing is going to change here until the leadership makes different decisions or we get new leadership and unfortunately I don't know when that's going to be in New York so it's a sad situation it is up to you to be the person that drives the car in your own life and again it is totally possible for you to do well trading in the market and you just have to be focused any questions here from anybody just a couple nice testimonials from people Julie was the one that just sent me that email today because she just joined the newsletter she's already every trade is a winner and she's she thinks she's going to pay for the the price of the newsletter in two weeks if she does she does either way she's doing well so again the focus the picks doing the right thing focusing on the right information which is what I do so I get up I'm rating the gap I'm looking at it I'm analyzing it I'm reading the price action you know that is what I do very well okay so you can come and you can learn from me or you just get the picks but I'm seeing where the power of money positions are getting in and it is like finding a goldmine because seeing gaps clearly and how they're creating trends and changing trends and making momentum is a very powerful way to train it's powerful it's profitable they do move fast I personally like that okay and we do get that often and the days that we don't well you just go on with your day you don't have any trains that day okay it's the idea again of like if you were getting married you marry one person you fall in love with one person you don't marry 10 people okay it's like you need just one good one and you've got to have conviction in it and once you do I think it's very easy to press the button so you know for people sometimes they need the class to have the conviction and understand it if you just want the trains that's your decision too sometimes you know people don't have time to do classes and they just want to trade and they just join the subscription sometimes people want the information they want the knowledge you know I think all of it is a process and if you're on the newsletter you're going to learn as you go anyways and I'm here if you want to ask questions too but you need conviction in order to make money it's it's essential you can trade for a living whether it's options or day trades or both personally I like to do both I like to do both because I get the overnight moves and the options which would get big big moves that you can't get with day trading and I do like the day trades because I know where I am by the end of the day every single day I like that feeling to feel like you know like my day is closed out and I can get very fast moves also and I can be very nimble in day trades so for me it's there's there's pluses and minuses to both but I happen to like both but either one you can do from home so if you want to learn how to do this then you would take the class the class is called the golden gap you will learn the 26-point rating system I'm looking for 20 points or more you trade the gap in the direction of the gap when do you take the trades early in the morning between 9 30 and 10 a.m you're in you're out and again this is a system that I use for day trades or options if you're taking options and you want the bigger moves then you're holding them for a bigger move or like I said if you want to get out of them quick you can do that too you can do that too okay like Julie's a good example she's brand new I think she's getting out very fast because she's new she's you know this is all brand new to her she's happy she's up she just gets out when she's up so that's okay it's whatever works for you but you have to have a structure in place you have to have a structure in place to make money and again part of that is assessing what your risk is going to be how many trades you're going to do a week all of these things so if you want to learn the class it is a 26-point checklist this is a strategy and measures gaps by rating them the daily chart to find stocks to trade that have number one a high probability of directional bias for the entire day big move in the day early confirmation of the bias and the move between 9 30 and 10 a.m eastern time precise entries with follow-through and a good risk to reward target potential which is important and it's important whether you're doing options it's important whether you're doing day trades everything that you do you need a money management plan how much you're risking for a trade you need to know how many trades you're going to do each day and how are you going to do a week you need to know are you going to get out of every trade at the target are you going to get out of every trade at 100% are you just going to put a sell order even at 50% again you could get out faster if you want it's the idea of having winners and consistency and part of it is your risk okay and if you're have a small account that is okay I think a lot of people are starry out and they want to have big risks and I've been putting more in the marketing materials about lower risks my assistant did not do that in this webinar so I'll have to talk to him about it but I've been doing it in the email marketing you can take a small risk and you can build up a small account I have seen people do it and people that are with me that have done it so the reality is you may not be able to do an Amazon if one Amazon contract costs $5,000 that's okay you can take a small account and build it up there's no reason to wait and not trade or do things that aren't working or sit on the sidelines when you could be active and doing it and grow a small account so it's just one of these things we all want XYZ we all want to be in a different place we all want this, this, that we want everything yesterday we have to take the life that we have right now and take the money that we have and make it work for us in a positive and beneficial way and we have to be realistic and so that's just what it is but it's about jumping in and diving in and doing it so make 2022 your best year yet you can believe in yourself and I'm here to help you so let's talk about the upcoming course I'm going to do the gap options course which is next week it's Thursday January 27th there's no prerequisites for this class it's 11 to 3 Eastern time it includes one month free of the gap options newsletter the cost of the class is $2,500 so this is a Thursday this is during the week it's a half day course it does include one month of the newsletter I do not have a monthly subscription to the newsletter so this is probably the lowest price cost to get you into the newsletter if you're interested in this and then you get the class for the half day class if you're interested in signing up for this email me at elissathesockswish.com if you're interested in the big class the golden gap course that is $6,999 that is on the website I do not have the next date for that class yet if you're interested in that email me that you're interested and I will update you on the date of that class when I have it it will not be January okay my schedule is too booked for January if you want to sign up for the gap options newsletter subscription I have two options for you you would receive the newsletters in a lifetime like we showed in the webinar there were some of them here the half annual is six months it's $49.99 for six months of the letter that's a lot of trades $12.99 is $69.99 it's a better value if you can afford it $12.99 for the time you sign up so if you signed up today you'd be into January of 2023 if you're interested in this you sign up you receive the trades tomorrow you sign up tonight it's either six months or 12 months I do not have a monthly option and there are no trials for this okay now oh go ahead John is a question I've been talking fast because I realize I'm going over the time but we we we started late so thank you for letting me go a little bit late Kathy no the newsletter is separate the newsletter is separate you just get the get those to your emails that's not the trading room now the trading room is separate if you're interested in the trading room alone okay the trading room is for day trades the trading room is not options okay this is not an options room this is a day trading room the cost of the day trading room is $69.99 a year for 12 months 12 month subscription and so this is a new product if you want to sign up for the room it's $69.99 which averages about $580 bucks a month but I don't have a monthly subscription for this if you're a non-student so there are students in the room that are month to month but they've taken the big class so this is an option for you if you want to be in the room it's $69.99 no monthly no half annual if you want options you would sign up for the newsletter so if you want to do options sign up for the newsletter then you have the exact trade where you get it if you want to do the the day trades you would sign up for the room if you want to do the class and learn it you sign up for the class so it's whatever you want to do well you can sign up for both you can sign up for the options newsletter and you can sign up for the the live room if you want now some days we do different trades today I talked about Goldman Sachs and the spy I did call day trades in the room in both those things and I also did call options in both those things and they worked however I did call other options today was an active day for the letter which is why I got a bunch of nice emails today from people for the newsletter but again you have to decide how many trades you want to take if I call five trades in one day on the options news that I'm talking about and you can't do all five then you just do one or you just do two in the room we're usually doing one or maybe two okay but you can sign up for the room John and the letter or you could sign up for the room alone that's up to you and again if you're interested in the class email me and I will give you the next class D any specific questions about anything here if you're thinking about joining I wouldn't wait just like Julie said you know she she's already almost made the annual subscription I said don't push it because again I don't I don't know what her risk is said you have the whole year I mean she's just so happy she's making money you know it's it's going to be a busy time I don't know what earnings are tomorrow morning I usually don't look at stuff at night I try to rest at night and then I look at things and I get up very early in the morning usually up by 5 36 o'clock in the morning and then I look at everything but this will be an active time for you to train so if you've been wanting to join I would join so you can get the benefit of being in the room or being on the newsletter and getting the calls during the busy season Netflix is Thursday night Thursday night which is the 20th that's another big one this week except for I don't know what Netflix is going to do so again we're not in trains and I'm not predicting the move that stock's going to make on the earnings that would be ludicrous okay I mean I'm very good at what I do but you know it's I and Netflix could gap up and fall it could gap up and rally it could gap down and rally it could gap down if I don't know but but that is a big one this week it is Thursday night so I will rate that gap Thursday night or Friday morning and see if it's any good and see if we do something in it but that is on the watch list this week yes that's a big one like we had the banks today and Friday the one of the two different types of margins and brokers a retail broker which there's a bazillion out there you will get charts most of them are not even charging commissions anymore and your margin will be four to one you have to have a minimum of 25,000 if you want to be in out in out in out active and have a margin account which means you have 100,000 and buy and power which is 25 times four and that will allow you to take positions and stocks as day trains on margin but you need 25,000 minimum or you can go to something called a proprietary day trading account I can refer you to a place or there's tons of places like that too if you've never heard of it they will give you 10 to one you also do not need 25,000 with that type of account you could open up an account with them for let's say 5,000 and they'll give you 10 to ones you'd have 50,000 and buying power 5,000 in cash but your cash risk forget the BP forget the buying power you have to say okay well I have $5,000 cash so even if I can take 5,000 shares of whatever my risk should be this every trade 500 or whatever you want to risk you still have to consider your cash even when you're getting that higher BP now that BP leverage they call it actually helps when we're doing stocks that are expensive or something like the market so we did that that day trade in the spy and Netflix so something like that where you get greater margin that helps for those days when we're doing expensive stuff we don't do expensive stuff like that all the time just so you know now Goldman was like you know not cheap but you know we'll have plenty of things that are lower priced under $100 that we will be doing and that we do do you know how many options trades do I send at the other newsletter it depends on how many I see so that's what I mean today we did a lot because if I if I read the market direction and I know in the morning that we're going to do something then we will do trades with the market and the market itself you follow me now if there's a day where the market is going to be blah okay then I'll focus on whatever specific stocks we're doing whatever gaps those happen to be now today we did Goldman I would have done that anyways today even if we had nothing else to do that was good and it worked so it really depends how many good gaps we have but that's how I am all the time anyways so I might call 10 options trades on one day I'm not doing 10 day trades that's a difference but then Tuesday I'm just pretending say Monday I call 10 options trades Tuesday I may call no options trades Wednesday I may call no options trades Thursday I may call five so it's different it's different whereas in the day trade room I'm usually doing a day trade one on Monday one on Tuesday one on Wednesday one on Thursday one on Friday you follow what I mean so that's that's kind of it's a little bit different as far as the activity level because I I don't necessarily do a new option straight every day but I may have days where I'm very active if I see the market's going to power trend up or power trend down well I'm not going to ignore it we're going to play it do you know what I mean so it could be a lot it could be a lot in one day it could be more than you even want to do DB so that's my point that's my point so that's why I have to say okay I have this much money I'm going to resist much I'm going to do this many trades if she calls them or whatever because you may not be able to do them all and some people can't some people can't but you do the ones you can and you do the ones you can so like I said I gave the example of Amazon there are some options that are very expensive we don't do them all the time but sometimes we do and if you have to have consistent risk if I call Tesla and it costs $35 for one contract if you're not risking $3,500 on every single trade that I call you cannot do it because you're going to be all upside down it's just going to be stupid and then if that Tesla loses then you're going to have to take four trades winning trades to make up for Tesla so you just can't do that you know what I'm saying even though I know people have done it on the letter I know people have done it and they've gotten lucky and the trades have worked you can't be like that consistency means the wins consistency means booking the profits not being piggy okay consistency means not over trading like you can't risk your whole accounting one day and consistency means picking a risk that you can live with and I'm going to go back to the market here I'll say this one last thing and I'll take any other questions I told you on Friday I called putts well if you if you risked too much you might not have held those trades they were down by four o'clock those trades were down they worked so this is why you you have to think think think think think think because if you're going to risk a thousand dollars and plop it on and do two trades and you have two grand on and you're like oh crap crap crap crap crap crap and you kill it and then it goes on to work the next day you're like oh then you're really like that was crazy of me Melissa was right because you'll kill it because you have too much risk on and you're going to be worried and you'll be really worried about holding it through the weekend or a three-day weekend so you just you have to come out with a risk where you're like okay I can let this thing play out you know what I mean but that's up to you and again you can ask me you can think about it you can join the letter and start small you can get a feel for it if I call five trades one day do one you know so I think you'll get in a groove once you're on the letter and you kind of see the way we're doing things you'll get in a groove with it and I do have targets in the letter sometimes things go bigger than we think though you know but this was this is a good a good example here where I'm sure somebody in the letter killed killed those trades I'm sure somebody did but if you held them through you profited which people there were people that did but again that's why you have to be thoughtful this is a process and you're you're believing in it and that's where again if you need the information and the knowledge to learn it to take the class to believe in it then do then sign up for the class if you're like I just want the trades I want to make money I'll do the class later after I see that this works or whatever then then do that there are people that have signed up for the newsletter and they're signing for the room and they say okay fine this is working and then they do the class down the road that's okay too but this is a good time to trade because it's early in season let's just see here where actually just wanted to look where the diamonds closed today and any other questions I appreciate you staying Kathy thank you um what else so email me if you have questions John D.B. can email if you have questions if you want to trial for the room this week you can email me we have Wednesday, Thursday, Friday I will offer you a trial to the room there's no trials to the options newsletter but I do have trials to the day trade room if you want again the room is not for options it is for day trades just so you know but if you want to trial you can email me at MelissaTheStalkSwish.com and I can send you a trial for the rest of the week here I'll put in my email any other questions about anything new people old people it's it's just about the focus it's so interesting like I've even like I was talking about the room today I mean there's no one better than me when I'm focused but I mean I am a human being so you know there's 365 days in the year and there's 200 some trading days in the year I mean I can be perfect I can be people that have been with me for a long time they know that it's it's staying centered it's really staying centered and I will tell you I stopped I stopped drinking alcohol and I definitely think that that has helped too not that I'm never going to drink alcohol again it's fun but I mean I am not drinking at all and I'm getting good sleep and I'm eating healthy and I'm taking my vitamins you know having a having a healthy brain rested exercise eating healthy I never smoked you know all of these things really really I think do make a difference you will perform better again think about it being an athlete if you're an athlete I mean look at how much they work out everything they do so you know if you want to perform at your best you really have to be at your best mind, body, all of it it's true it's true all right listen up a wonderful night email me if you'd like a trial email me if you'd like to sign out for any of the subscriptions the room the options that are the class that's next Thursday if you're interested in the big class email me thank you for coming everyone have a wonderful night you're welcome