 Welcome, this is Melissa Arma with the Stock Swoosh and I wanted to review this actual trade from FDX today and I'm going to talk about two risks. One is advance and one is beginner because I get a lot of questions from people and people say well I don't have hundreds of thousands of dollars or tens of thousand dollars to day trade. You don't need that much to day trade and I'm going to show this trade here and how you can have a profitable trade. First of all, if you have enough money to risk an advance amount and you have a good system, yes, do it. It has to do with how much money you have. If you have a smaller amount of money then obviously common sense says you would risk a smaller amount but you can still profit from smaller amounts, from smaller quantity share size trades. For example, and again I'm going to go over this in a minute, but if you had a hundred shares of FDX you could have made $285 today. That's a really good solid trade, okay? So you don't have to take even thousands of shares to make money. If you made $300 a day in the market, that's $1500 a week, that's $6000 a month and that's 72 grand a year. That's a lot of money for a lot of people. Some people can even live on that depending on where you live in your expenses. So just because you can't take thousands and thousands of shares of something doesn't mean you can't trade it and just because something is an expensive stock like FDX it doesn't mean that you can't trade it. So we're going to go over this example here today. So the entry was $245.65, stock was $248.25, share quantity and again this is advanced, 1,000 shares, risk $2,600. Now that's advanced. Exit $242.80, you can see here how this was a really really nice move in the stock. Profit $2,850, really good solid trade, risk to reward $1 to 1, that is a good solid trade. Every trade you take you're looking to flip your money around one. If you risk $500 you're trying to make $500. If you risk $2,000 you're trying to make $2,000. Position cost on a retail margin account, okay, actually I spilled this wrong here, hold on. Position cost on a retail margin account is at 4 to 1, 4 to 1. So you would have needed $61,412.50 if you had a retail account on margin to actively day trade to take this position in FDX. Remember this is an expensive stock. Now what if you had a prop account on margin? You would have needed still a good amount of money. Remember size is a thousand shares, $24,565 in a prop account because they give you 10 to 1 leverage usually. Some places give more but 10 to 1 is pretty pretty normal. Now if you want to take a beginner risk, a beginner trade entries the same 245.65. Stop is the same 248.25. The share quantity is different. It's 100 shares. Your risk is what? $260. Perfectly fine. If the trade would have stopped you would have lost 260 bucks. That's it. Exit same 242.80. Profit $285. That's really good. It's almost 300 bucks and you only risked 260. Again risk to what is the same? 1 to 1. Position cost on retail margin again 4 to 1, 6,141 and on prop 2456. So the bottom line is you can trade the market and you can day trade the market and take small size and make a couple hundred dollars a day without a big account. You don't have to take an advanced risk and actually no one should unless they understand the system completely and they're very good at trading and they have a large account. You can get to that point. You start small and you build it up but the benefit is that if you know in the future you can take a trade like this once you get good at taking a trade like this which is the same trade just different size and different risk then you have that that's that's what you have to look forward to. That's what's exciting about doing it and obviously you can even make more than this because if you had taken 2,000 shares today you would have made well over five grand. Okay so the bottom line is risk what you can afford and don't delay. Don't wait to trade the market or learn my GoldenGap system because you don't have hundreds of thousands or tens of thousands of dollars in money to trade a risk. You got to do what you can afford and again think of it normally three hundred dollars a day is fifteen hundred dollars a week that six thousand dollars a month. A lot of people that are out there in the world are not making six grand a month and you can do this in a half an hour an hour a day. It is very possible again benefit of following the live trading rooms I'm calling the live calls and that's a huge benefit besides learning my system and you must learn my system to be in the trading room to get these trades. So congratulations to everyone today that did FDX it worked out very very well. These trades are possible you can make money in the market you have to have a good system focus and also you can do it and you don't need hundreds of thousands of dollars. Don't think that you can't get anywhere risking two hundred bucks a day or a hundred some dollars a day or three hundred some dollars a day because you can but you have to be consistent. You have to have winners and that's what I focus on in the trading room and teaching people how to do in my golden gap course. The next golden gap course is October 6th and 7th. Email me and Melissa at the stockschwisch.com if you'd like to sign up. Have a great day everyone.