 Good afternoon everyone and welcome. This is Melissa Armell with the Stock Swish and I'm reviewing a big one a big short here in IBM Again, this was a golden gap So you look at the gap you rate the gap and you determine where it's going to go And that's how you decide if you're gonna buy it or short it or even do it at all So I teach my method my rating system in the golden gap course And then if you do the course you're eligible to join the live trading room to get the trades IBM was one of the really nice trades that I called yesterday and actually was today and then the option to So email me at Melissa at the stocks wish.com if you have any questions or call me at 9 to 9 3200 gap you can follow me in Twitter Facebook YouTube or Skype So if this was yesterday, but I will tell you that today I'm just laughing my butt off because today this this one actually Even further it looks like I don't know where this is gonna close today We're getting into the late afternoon, but Beautiful short two days in a row here IBM two gaps closed here the night before gap down So again, I rated the gap in the morning. This is play. We're gonna go over here the day trade then a gap down again today So this is a 15 minute chart. I just want to show you this fell and dropped Huge massive $2 move right into the open then it moved up then it dropped So there were a couple different entries in this and I'm just showing you here How this transpired on the day? All right a lot of people think well It's gonna fill the gap and rally up and it did have a lift and even actually went over the high a couple times But the stock never got stopped out. I always give a stop But the the second trade I ended up calling in this the not the first one the second one Ended up going and you could have literally been into it into the close So a lot of people did the first one and got out with that $2 drop in here in the tail But the bigger move really was if you stayed in it all day, which sometimes can happen Simply because there were several ads in it, which I'm gonna go over and then this is the close of yesterday This is the gap down today again. It's 50 minute chart. This is all selling going on here in IBM This was the 17th yesterday and today was the 18th So anyways, just to review. This is the day trade for The October 17th morning of the gap down, okay? So the entry again was 136 you shorted first position size This is for an advanced trader. Then there was an ad Okay Down so pulled the price down a bit, but good trade 2400 then then there was another ad, okay? So then the price the average price in this was 135 71 with the Second ad so there was one you take it and then you can add and you can add again total share quantity 4800 so this is an advanced risk, but it was a huge move a big trade $2 and and actually went even more It was really an all-day trade. It's could have gone to 133 yesterday I thought that it was going to at one point in the dream target really in this was hit today It's just that because it's rallying back Actually, how long was the rally? It's about an hour an hour and a half because this took so long to rally before it broke This was yesterday again. It just it just didn't get to 130 yesterday I mean it could have even got to 132 I thought was realistic in the morning yesterday at this point here before this flip happened But then you got to get realistic or you run out of day and in a day trade you got to get out before 4 So profit on this again with the ads, which is something advanced that I teach in In the entries class, but if you're in the room, I call them I call these ads The profit was nine thousand one hundred sixty eight dollars now If you did the first trade and get out with a two dollar move was still a two dollar move So however you sliced it this really had a beautiful sell-off you could have played it quick You could have been more patient. You could have kept adding you could have wrote it down You know into the clothes yesterday. You could have done it again today Whatever you had the time to do now if you're a beginner trader and you want to do a smaller risk, okay? Start out with 120 shares add 240 and then you're up to 480 shares Same exact trade same exact entries same exact everything except for the share quantity Which would mean the rest of this is a a person who would be a beginner trader You could have made almost a thousand dollars on a move, but that's still really good profit 916 dollars and 80 cents and again that would have taken you really into most of the day Into the past three o'clock But the stock was falling it broke and this is still a really nice move for this this The stock okay Normally when you're taking a trade you're looking for a one-to-one Turn over so if you're risking 500 you're looking to make 500 if you're risking a thousand you're looking to make a thousand That's what we really need to do so every time you take a trade That should be your goal and if you're not doing that if you're scouting or just making pennies You're probably taking way too much risk for the profit that you're making and and it's not worthwhile So you've got to consider every trade is a quality trade and that's what I do So if you want to learn my method you can do it from home You would be day trading with your computer You have to set up an account which you can do after the Golden Gap class But you can do it anywhere in the world online from home I teach the classes called the Golden Gap course and if you do this class You're eligible to join the live trading room and get calls like IBM like I did just review with you there It didn't risk you take for advanced or beginners up to you So the next class is a November 3rd and 4th 9 to 5 Eastern time cost of the class is 54.99 Price of the class is increasing on November 1st But you can sign up by October 31st and pay the current price at 54.99 If you wait till the first you're gonna pay $500 more classes online It could be anywhere in the world and take it the trends class is the 22nd It's 11 to 5 Eastern time this combo is 59.99 You got to sign up for this by the 22nd do the trends in October and then do the Golden Gap in November This you would learn long-term trends which helps with your day trading the swing trading and options If you have any questions email me at the list at the stockswush.com. Have a great day everyone