 OK, can everybody hear me now? I almost said good morning. Good afternoon. Whatever time it is, wherever you are in the world. Good morning, good afternoon. Welcome today. My name is Melissa Armo, and I am the stockswush. And today I'm going to do a little webinar here. We're going to talk about the method that I trade for 10 years now, started out trade in 2008. I'm going to talk about gaps, and specifically how you can become a professional day trader if that's what you want to do, and how you can make a lot of money doing this, enough money that you can support yourself, whether it's $200,000 a year, $100,000 a year, $400,000 a year. We're going to talk about how you can make these different amounts of money, and what are the critical things that you need in place, the things that you have to have in place if you want to be successful no matter what amount you can risk and what amount you want to make, whatever your goals are. If you'd like more information, you can email me at melissa at the stockswush.com, or you can feel free to call me at 9 to 9, 3,200 gap. You can also follow me on Twitter. Facebook or YouTube, those are all really good places to go. I do post a lot of plays of the day on YouTube and also things on Twitter. So if you're interested in day trading, the nice thing about it is what? You can work from home. You don't have to worry about commuting every day. Now, for me, it's interesting because every once in a while, I have to be somewhere earlier, a certain busy time, during the work day in the city. It's amazing the traffic, and I think, gosh, have I had to do this every single day. I'm so grateful and blessed that I can do everything right from here. So I work from my home in New York. And if you want a day trade for a living, you can work from your home wherever that is, too. All you need is an internet access to be able to access the market. And a brokerage account. Excuse me, and if any of you have any questions when we're done, you can email me if you would like any referrals for brokers. Okay, so I'm not a broker. I teach my trading method, but you would trade and press the buttons and take the trades live yourself through a brokerage account that you would set up anywhere in the world. Okay, there's tons of places that you can trade. So 2018 is halfway over, a little bit more. Hard to believe it. Hard to believe the summer is actually halfway over, but it's true. And so, when you think about where you're at for the year, whether you are sitting in the sidelines, not trading, but considering doing it for the better part of the year, or you have been trading for most of the calendar year and not at the point where you feel like you're gonna reach your goals towards the end of 2018, then it's a good time to evaluate. And I said that to people in a webinar about a month ago, right before July 4th, and it's still true here today. There's still enough time left in 2018, okay, in this year to turn your year around. If you are not having a good trading year, it is still not too late to turn your year around. If you are not having a good year at your job at your career, okay, if you're not happy, not making the money you want, it's still time for you to turn it around, meaning take a step in a new direction to learn something new or even change jobs from whatever you're doing now into this or transitioning. I always tell people transition is also a good idea as well because that's what I did. When I started out, I was doing mortgages and I didn't up and quit, okay? I transitioned and I did both for a while before I quit doing mortgages. Of course, at that time, I didn't have anyone that taught me a specific method. And so it was about three years. It was a process of three years. I wish that I had known someone like me when I was starting out, okay? But there's very few people that teach methods out there in the world, in the trading educational world, I should say, very few people that are so focused on only one thing. Most places teach a wide array of different kinds of strategies. I'm telling you that is not the way to success because then you will never be focused on getting good enough at one thing and that's all you need to make money. And literally, all you need to make money is one trade a day. Not only one system, one strategy, but even one trade a day and even in one direction. I mostly do shorts. For those of you that have followed me, you know this, and if you're new to me, I rarely go long. I'm not against going long, but I'm telling you that it's rare. And the reason is because I can usually find a good short, okay, and I only go long if there isn't a good short. So I'm also focused on one directional bias. So if you're thinking about trading the U.S. stock market, this is a chart, a daily chart of the spy. If you're thinking about doing it, okay, there's lots of opportunity in the U.S. market because it's heavily active, very volatile, a lot of recognizable companies are right now. It's earnings season. What does that mean? It means that there are lots of stocks that are gonna report their quarterly earnings between now and the end of August and they will move and they will do something called GAP, okay. Now what is a GAP? I'm gonna go over that a little bit here, but the bottom line is that's what I'm looking for. So there's ample opportunity during these earnings season times for stocks to have big moves. And as a trader, it doesn't matter if you're a swing trader, day trader, options trader, if you can be in a stock and you've got it in the right direction, hopefully you do, whether you're shorting it or buying it, if it has a big move, that's your best chance to make money because if something moves a penny versus a dollar, obviously you're gonna make more money if you're in the right direction if the stock moves a dollar than a penny, okay. So that's just common sense. So how do you make 400K a year in the market or any money at all, okay. You need a good system. And this was the point that I just was making. Structure, focus. So one of the critical ingredients to be successful in the market is to have a trading system. And actually, people that trade that don't have one at all are in a danger zone because they're at the whim of whatever comes up in the market, whatever picks they see online, on TV, on the internet, and that's not good. That's like gambling. Anyways, without a good trading system, you're gonna get up every day and not know what to do and not know when and not know when to do it and not know what direction and not being set on a plan of action. Tons of people fail all the time training because they have no system whatsoever to follow daily. I have one system and it's the only one I follow and it's based on shorting stocks at gap in the first 30 minutes of every trading day. If someone said to me, what do you do Melissa? That's how I'd sum it up in a sentence, okay? I'm looking to short stocks that are gaping the first half an hour of the day, boom. That's what I do, okay? And that's what you would learn if you came from me and that's enough. That's enough to make this kind of money. You don't have to know all kinds of crazy things about stocks. You don't have to read the earnings reports. You don't have to follow fundamentals. If you like doing it, it helps you. If you wanna do it, fine, but you don't have to do it. So it is very important to do one thing and nothing else and that will get you at least to get you on the right path to success. That doesn't guarantee your success but it means you're on the right path. You're on it, okay? And that was something that I was lucky that I realized extremely quickly once I started trading. Like almost immediately I realized it. And how did I realize it? It was very obvious because the best, biggest, most profitable days I ever had, I only did one trade and they were also mostly shorts. So it became very obvious to me when I would look back on my results. This is like 2009, when I first started out and it became very obvious to me that that is all I needed and I wanted to figure out a way that I could find the best stock to trade every day. And I wanted to figure it out before the open which is what I do now because if you can do that, if you can be focused, it actually takes stress off you to take the risk because there's no way to take stress off you of the risk itself. In other words, when you go in and you wanna take a trade and if you wanna make 400 grand a year, you have to take a set risk. We're gonna go over that tonight but it's approximately around $1,500 a trade. So there's no getting away from the fact that you must take risk to profit. You don't get in the trade and take risk, you're not gonna make any money. So how to get to the point where you feel okay that you can risk that much to make this much or any amount at all, even if it's 100 bucks. You have to be focused. And so when I have everything planned out in my head before 9.30, I feel good. I feel in control, okay? When you're waiting after the open to decide what to do, you're at the whim of the market and you're lacking control. So when I feel like I'm in charge and I am in charge, I am in charge, I'm in charge of the trading room but I'm in charge of myself by deciding what I wanna do before 9.30 or deciding I'm not doing anything at all because there is no good gaps. I might say that one day, okay? If there's no trades one day. But the point is that I don't give my power away to the market. So many people lose and so many people have such a negative attitude about doing this and being successful, which I do not. I have a great attitude, which is another great reason to come and learn from me. But a lot of people that are failing and losing get sucked up into this cyclone of negative attitude because they feel like the market controls them or they're out of control or they can't control stocks. No, you cannot control stocks but that doesn't mean the market controls you, okay? The better prepared you are, the more successful you're gonna be and this is true of anything at all, okay? This is true of anything, anything whatsoever. So one strategy is all you need to be successful in the market. You do not need a general overall broad based view to make money and that's why some people kind of made that they've never traded at all. It's not necessary, okay? You don't have to have ever traded before you came to me. It's really not necessary. You'll learn from scratch with me and a lot of people know a lot of stuff about the market. It's absolutely worthless. They can talk and talk and talk and talk and talk. They don't make any money. So for me, the purpose is obviously the profit, all right? So tons of people know a lot and they fail all the time. They're big talkers but the money isn't in their bank account and at the end of the day, that's really what you need to think about. So you learn how to read price patterns and gaps if you come to me because if you can do that, then you don't need anything else. You won't need to read other stuff. You won't need to buy any other indicators and I have very few indicators in my charts I'll show you tonight. But the reason for doing this is to make money and you can't lose sight of that. And as fun as trading is, I love reading charts. I love talking about charts. I love talking about trading period in the market but I'm telling you when it comes right down to it, push comes to shove, the money's gotta be there, okay? Cause if the money isn't there, it's pointless, all right? Because everything we do has to have a purpose. And yes, we have to enjoy it. Yes, that's great, that's true. But the goal is the profit, okay? Any questions so far? And you can write it in the room here as I'm going along. So any questions, just write it. I'll see it on the side. Anyways, the system I do is very powerful so I'm looking for stocks that are gonna move in the first 30 minutes. Remember, I was telling you before about the busy season, the earning season. So you have a lot of stocks, where do they move? They move tonight. Like right now, Google is reporting tonight, it's up. Stock is moving in a big way tonight in the post market. So Google will be gapping tomorrow morning, okay? I don't know if I'm doing it, but I'm just telling you. That stock tonight is moving and that's an example. I'm looking for the movements to happen and continue or reverse the first 30 minutes. And so I'm looking for that to day trade. And you can also use this method for options if you wanna trade options too. But anything, anything I do at all is always based on the stock's gapping. So I focus on gaps. It's stocks that have a clear directional bias in the morning that I'm gonna take between 9.30 and 10. And that's what gives me the edge. The edge is that I'm looking for only gaps and I'm also predicting it using my system before the open in the pre-market, okay? And you can do it in the post market like tonight. Here, let me see if I can bring Google up right now. You can do it in the post market like tonight but there's really no point in the sense that you, it may change here. Can everybody see Google? So like I can rate this right now to see if I wanna do this tomorrow but it's like way, way, way too soon. So in other words, I'm gonna explain to you now what a gap is since I have this up. It's, I could look at this now but it's 4.42. Market hasn't opened till 9.30. So that's so far away. I have no idea if Google tomorrow morning is gonna be at 12.46 or 12.47 wherever it's trading right now. Do you see it? Okay, so we'll actually let's look up here. Let's look at this because this is telling you see here the difference between the ask and the bid. You see it's live, it's moving. Okay, so this is a gap. So what is a gap? A gap is the difference between the close and the open. So Google, and I'm showing you the five minute, the five minute chart of Google closed here. 12.05.33, boom, at four o'clock. And then it had earnings shot up like a rocket, high up here, seeing the square at the top of the left. 12.74.95, almost got up to 12.75, that's crazy. So the stock actually rallied. This is in 15 minutes. Actually this isn't even that much volume there in that bar. This is in 15 minutes, the stock moved up 70 points. Does people see that? Now I don't trade this, but I see this. Okay, and then I, or in the morning and the after hours are right now, it's at 12.47. So like say tomorrow morning was 9.30, you see the stock is gapping what? It's gapping up. Here, let me take it off the screen so you could just see. I'm gonna get rid of this. So this is where we were. Oh no, you can't see today. I think this is Friday. No, you can't see today because it's all together now. But anyways, this is the daily chart of it. So you can see how much is up. Google's making new highs on the gap up down tonight on earnings. There you go. Okay. So each day I'm looking for these. And I'm not saying I'm gonna trade this at all. This is very expensive. This is something that I probably would call an option in, but I don't know if it'll be up or down and I won't look at it till the morning. But that's what a gap is. A gap is a difference between the close and the open. So I can tell tomorrow that no matter where this opens, it may not be 12.47, Google will hold this gap up. And by the time the open comes around, whether or not a hold it only a day depends on the price action. So what you would learn from me is Google along. It's Google the short. What to do with Google? Maybe you do nothing with Google. Do you understand? But this is an example of the gap. Okay? Any questions? Also it's an example of why it's so great to play the market. Because the stock moves 70 points in a lickety split. Actually here it is. It happened in one, two, three, four, five, six, seven. In seven minutes the stock moves 70 points on the earnings. And that's what's so great about playing the market and that's what's so great about playing the stocks that we trade. They move. That's how you make money. Okay? Let's go back. Any questions? Just plop them in the room. Okay, getting back to what I was saying. What are gaps? Okay, so I just showed you a live one. But it's an event that happens every morning in the market. Or night. Okay, I like Google. But I usually wait to the morning to rate the gaps. Stocks that are closed overnight often have news come out where the market is closed. Okay? News earnings. And they're not, it's not on the live day. So that, this is in the after hours. There are people that trade that. I mean, I mean, I personally would be not be in Google after hours tonight at that brace point. But there are people that are in it. Big, big traders, okay? The next morning when the market opens, these stocks often open at a price. It's way above or below with a close the night before. Google is up, for example. So this means there has been a big move in price without anyone being able to buy or sell that actually owns it that's in it unless they have an active trader account. And so, you know, unless you are an active trader, professional trader, you're not doing anything with your position in this right now. And so it creates an urgent situation for investors and traders that don't have the wherewithal to trade this after hours. Okay? It's also very dangerous if you don't know how to trade it too. But these things happen immediately out of nowhere. And no one knew what was gonna happen on Google learnings, for example. No one knows where stock is gonna gap. I'm not predicting where something will gap. Okay, I'm predicting where the stock is gonna go on a live day after the gap. Very different. So you see the gaps in the daily chart just like I showed you in Google, okay? But gaps are a specialized strategy because very often people don't understand how to read them. But professionals do. So whether you're trading full-time or part-time, you have to look at your job as a professional job. And again, because you're risking money, you should take it that seriously. And as a professional, you should have a special strategy or system so that you're taking the trades for a reason that makes sense. So what's the reason I take trades? Well, I can say I use it because it rates per my system. That's true. But to break it down in layman's terms, the reason that I'm taking a trade is because I'm looking for institutional buying or selling. That's the real reason. And that is something that you would learn in the class from me. Looking for institutional buying and selling. What's happening in Google right now to move that stock $70 higher? Somebody tell me what's happening. Here, we'll go back. What's happening in this? Come on, come on, is anybody here? I know there's people here. Talk to me. I don't wanna talk to myself. I know how to do this. I don't have to lecture to myself. I'm taking the time to be with you here today. Wow, how is Google at $1,251.15 a share right now at 4.40 Eastern time on a Monday on July 23rd. Come on, you people gotta be awake, alive. Don't be afraid to answer. Showman says after our trading's volume, Sam says earnings, yes. Well, how did it get there though? Physically, actually, physically, how did it get there? Steve said the buyers are greater than the sellers. People are buying and selling. Rich just wants to know the answer. Demand. Okay, you guys are getting it. It's buying. Steve kind of had the right idea there. Buyers are greater than sellers. There's buyers. Buyers are in here. So how would the stock lift this much? Right now, it's about 45 points over when we're closed. All right, in the 1250s, buying. So how would you make money doing this tomorrow? Well, you would use my system to rate the gap to determine what is the buying going to continue because it might not. Right now, we know it's getting bought, but tomorrow's a different story. Tomorrow's a different story at 9.30. Between 9.34, different things will occur. So tomorrow, because this is up so much, and I'm not saying that because I told you I'm not rating this till tomorrow, but you might have selling, selling in this tomorrow. Why? Because the stock's up so much. Or you might have more buying because whatever the earnings said, whatever. I use my rating system to determine that. But what I'm telling you is that right now, this second, 450 in 29 seconds, we can all agree and nobody's wrong. And everybody can say that the stock is getting bought. There's physically no way that the stock could be at this price if it wasn't getting bought. It is getting bought. Boom, okay? Like if you had bought this at 358 tonight, at any price at all you got filled, right into the close, you would be up. Get it? We see the volume, the volume's here. I saw the volume in the bar. I think this volume bar is actually not as much as I thought it was. When you look at the bar, it's very fat and very big, but the volume is only 74,592. So I'm a little surprised. But, you know, this is Google, it's not Facebook. All right, let me go back. So the concept, the concept, what the concept if you are a trader is, what are you gonna learn from me? You're gonna learn what to do with Google in the live day. We can all agree that it's getting bought right now. That, we can see. There's no physical way. That the stock could be up that much overnight. It's up so much since the close. It's only through buying action that it would create that. But the only way that you're gonna make money tomorrow is if you play it right, which it could be a shorter, it could be a long. And you won't know unless you rate it. And then we have to see the setup. So I don't get into stocks at 9.30 right on the open just so you know. I still wait for the setup. I still wait for the setup between 9.30 and 10. Anyways, one of the benefit of trading gaps. I just showed you one. Huge moves, jimunga, okay? And you don't have to hold them long. You only need a piece of the move to make money, okay? If you want to hold some of them longer, you can. Of course you can. That's not something that I usually do, but you can. Every once in a while I do. So making real money is possible, but what do you need to achieve that? What do you need to achieve your goal? You have to make good choices. And this is very important, which is why I have the system. And then I designed it so that I have all my choices laid out before 9.30. That's how you're gonna get to your goal of making 400K a year, if in fact that's your goal. Maybe you can't do that physically. You can't risk $1,500 in trade right now. But maybe if you learn how to do the system between now and January 1, 2019, you'll be able to for 2019 next year. You have to start somewhere. You've gotta get a plan of action in place, have a good system, take quality entries. That's something else you'd learn in the class and do not over-trade. And some days there will be no trades. A lot of traders over-trade. Don't be pigish about targets. I say this is very important too. Your goal is to flip it over one. If you can make more gradient, very often we do, but not every day. You chunk it out, okay? And don't get caught up in one losing day, be patient. If you take only one trade a day, your losses are gonna be minimal, okay? Very often when people have a bad day or a bad morning or just a bad day, it's because they've over-traded. They didn't use stops. They had one bad trade that went against them and then they keep trading and trading and trading, trying to get it back. You can't say you're right, Matt, but I'm saying, you know, get it back. People would say, I wanna get it back. I wanna get it back. I wanna get that money back. You can lose more trying to get something back if there isn't anything good, okay? Some days something will not work that you don't want, that you wanted to work, that you thought would work, that set up, right? And it just doesn't work. And it's nobody's fault, all right? That's part of the market. That's part of accepting this. So, you know, I put the trade tracking on YouTube, but if you were in the live room since the beginning of the year, you'd be on pace to make 400 grand. Risk is what? Around $1,500 a trade, and I say that because some trades were a little bit less and some were slightly more, but most were actually a little bit less than 1,500. So, this is a conservative amount that you could have made in the room. What if you risked half that, 750? You would be on pace to make over 200. You'd be up 109-ish. What if you risked half that, 375? You'd be up over 54,000. Again, on pace to make 100 grand a year. 375 is in a small amount. It's not 100 bucks, but it's small enough that anyone in his day training should be able to afford that per trade. Now, you might not wanna do that the day after the class, but you should certainly be at that point a month after the class. Jackie said, the best place to start is where you are. Agreed. Agreed. And also, it's very important to start. There's a saying out there. You can't win the game unless you play, and I think that's very important with trading, too, and a lot of people think and think and think and never make decisions and never get going. Half the most successful people in the world, I don't know exactly who ever said this, but half of the chance you have comes from just showing up, just showing up to give yourself the chance because that's something that a lot of people don't do. And I'm actually gonna relate this to television because I do live TV now and I've been for a year and you gotta show up. If you're not there, the chance is gone. You won't be on TV. If you show up, you've got the chance. You've got the chance to get on and talk and do well and make your mark, okay? Same thing with trading. The stock is not gonna wait for you. The market is not gonna wait for you. I'm not gonna wait for you, okay? Who knows where my life will be in a year from now? I seriously, seriously, seriously cannot even say. Like, that's how fast things are changing in my own career world. But I'm telling you that the market is something where you kind of have to just decide if you love it or not. If it's a dream you wanna pursue and that's not something that I can decide for people. It's something that you only can decide for yourself. If it's a dream you wanna pursue, pursue it. Start today. There's no reason to wait. If you're not sure, if it's not a dream, if you really don't know if you're gonna like it, well, that's a different story. But I find people are in love with the market and it is a dream. They just are afraid to take the chance. But in the end of the day, why do some people succeed and some fail? Is it chance? Is it luck? No. People that take success seriously have a better chance of succeeding. Those are the ones that get on the path. They may not have all their ducks lined up in a row, but they know they'll figure it out along the way. And at least they're on the path so they feel better about what they're doing. You've gotta think like a rich person. Don't think like a poor person. So many people I talk to think like poor people. Guess what? When you start to think like a poor person and feel like a poor person, guess what? You're gonna get poorer. I mean, I am telling you the truth. When you think about lack, you will create more lack. When you think about abundance, you will create more abundance, money, and happiness. It's absolutely true. I know this from my own life, okay? And you think I didn't ever wanna quit trading when I was doing it and I was going through my struggles at the beginning. Of course, I thought about quitting a million times. And then I just kept going because I realized it was a desire. It was a dream. I realized I was not gonna be happy unless I did make it. I realized I would have been miserable if I had quit. So I mean, part of this is also understanding yourself and realizing yourself. And I think people feel like they keep putting things off and time keeps going on and then people get older and then people use their angels as an excuse. Oh, I'm too old to change careers. I'm too old to quit my job. I'm too old for this. I'm too old for that. I had people say that I'm too late to start in TV because I'm not in my 20s. Too late to start in television and I don't have a journalist degree. I said, so what? So what? And I'm doing it. So you have to think like a successful person. It's gonna take you where you wanna go. Thinking like a failure. Thinking like you're a worry, worry, worry, worry. Everyone worries all the time. You're gonna worry yourself to death, okay? Everything will be okay. If you get up tomorrow morning, if you take a train and you lose that one train, you're still gonna be alive. Everything's gonna be okay. All right? Always work out the way that we want. If we don't have all the things lined up at a row, we say, well, we can't do it, but you know what? Things often find their own way anyways. So not everybody gets on the road and goes do, do, do. And takes five steps and they get to the destination. Sometimes people take a detour, do, do, do. And they go around. But guess what? They still arrive at the same place. But the people that never arrive don't go straight and don't go on the detour. They're still stuck at, you know, they're still stuck at the beginning. They haven't even gotten the car into gear, okay? Those people are stuck. And I'm telling you, you don't wanna be one of those people. You're never gonna get anywhere with your life. Now let's talk about eBay. eBay was a good one. This was the Thursday train. Then it fell on Friday. Then it fell today. eBay, you could have done as an option, which I call in the option letter, or you could have day traded it, or you could have swing traded it. I would be out of eBay by today because this could be a crazy week in the market with all the big earnings Google was tonight, but also Amazon's out too and it couldn't move the market. But eBay was a nice short. So what did eBay do? eBay was a gap. Closed here. We're in the night before right around 37-ish and some change and boom, gap done in the morning. Here run 35 and change. Boom, fell. Low on the day was around 34-something, fell here. Got down to 32-50 today, or 33-50 today, okay? So the stock had a beautiful move and it was a gap down. And I rated it as a short. And it was right, it was a short. So here was the setup, eBay. Stock rally, boom. Shorted it, got the drop. You could have taken even more here, got the drop again. So wherever you did it, whether you took it here and got out, whether you took it here and got out, the stock price dropped. eBay was a short. Do you see the time of the day? It's a one minute chart between 9.30 and 10. You shorted it. So wherever you get in and wherever you get out, it was a nice, nice straight, okay? So that's what I look for every day. Jackie, I'm not leaving you. I'm not leaving you, don't worry. But things are changing. I mean, my schedule's changing. So as far as how often I will do classes and webinars or there's just a lot of things are changing. And luckily, luckily I have help. I have hired an assistant and a person that's helping me with the trading room in certain days when I can't be on TV, who's actually a former student. So I'm not leaving the stocks wish. She'll still have the stocks wish, but my time will be more limited. Whereas right now, like if you call me on the phone, I can talk to you for half an hour. I can maybe even talk to you for longer if I have time. So the personal touch that I have in the business right now is going to drastically change. There's just no way. But that's why I think the people that find me now are the luckiest people. I think people just don't realize that. But I'm not abandoning you, Jackie. I'll still be in the room and still be doing classes just so I don't know the frequency. Anyways, getting back to eBay, okay? eBay dropped, eBay dropped. So when you're shorting a stock, if you short a stock at 35 and the stock goes to 34, what's your profit, a dollar? So if you have 2,000 shares and you short it, what's your profit? If it drops a buck, two grand. If you have 3,000 shares and you short it and it drops a buck, what's your profit, $3,000? This is very simple, okay? So you're going to make the money according to the quantity of the share size. So this was in the eBay. Share quantity, this is advanced risk, 6,000 shares. Good move down, almost a dollar. This was a beautiful call, just an amazing call I made because we held it, held it, held it. Almost all the way down. Profit 5,100 bucks, time to make the money, 30 minutes. Here's the move. Do, do, mm, mm. So I mean, you literally could do a trade like this once a week and be fine. Now you're not going to make 4,000 a year doing that. You'd have to do more than that, but obviously if you're trading every day, some days you're going to make 1,000, some days you're going to make 750, some days you'll make two, some days you may not trade, some days you may take a loss. So we've had very few losing days in the room in 2018 but we've had some. And you know, you have to learn when to step away. But the focus is what sets me apart and gives me my edge and actually the trading room video for this day is on the live videos, on the YouTube if you go watch it. I didn't like anything else. I didn't want to look at anything else. I rated a bunch of gaps just to rate them for, just to rate them for so if this had failed. But I was, I knew this would work. Like I knew this would work. Boom, and it did. And that's the reason that we did it and took 6,000 shares. So you know, once you get really good and focus, you will be able to see this too and you will know this is going to work. Now what tells me that? The rating system, the rating system tells me that. That's what gives me the confidence. That's what gives me the conviction. That's what gives me the 100% conviction that I know that I'm gonna do something here and I will succeed and I will do well and I believe it and I don't question myself. I rarely question myself, rarely, rarely ever. Okay, it's not that I don't ever make mistakes. Occasionally I do. Not that often, but sometimes I do. But I don't question myself. I believe in myself and I think that level of confidence is the important part of peace of being in the room. And I think that's something that, again, is, you know, makes me different. But it does help people trade with me when I'm calling the live trades. That was just a day trade. That was just an equity trade, straight up rich. Now this, I am gonna go over the option because I did call the option too. Same chart, same gap, same everything. So I have an option letter. I sent this out at 918, so this was before the open. I rated the gap, I liked it, I called the puts. If you wanted to, you could have just bought the put into the open. Doesn't expire until the end of this week. But again, because of the crazy market week, I think people should be out. Targets were 34, 33. It went to target one, it went to target two. It was a good trade, okay? What would you have made in this if you did it and got out in three days? 20 cents you could have paid? Maybe a little bit more, maybe a little bit less. What if they took 80 contracts? How much of it would have been 8,000 contracts? 8,000 times 20 cents is what? You would have risked $1,600. Now this is an option. The other one was an equity trade. If you don't understand the difference, ask me. There's just another way to use the system. Sell price 60 cents, okay, one higher than that or you still could be in it. Your profit would have been what? 3,200 bucks. So three days in this option, you could have doubled your money, okay? Whatever you risked. So if you risked 1,000, you would have made two. Understand? It was a 200% return investment in an option trade in three days. But you might have done it and got out Thursday. You might have done an equity trade and an option trade on Thursday, made money in both and got out. Now what's the difference, what's the benefit? When you're doing options, you don't need to worry about buying power margin. When you're doing equity trades, you do have to have a margin account when you're actively trading. There is a difference. If you do not understand that, ask me now. Does everyone understand what that means? Because if you don't, then I will explain it to you. If you do, I'm not gonna explain it. But as far as options go, it's just a cheaper way to actually take the trades where you don't have to have a margin account. But you can make very quick money here doing this as you see because this trade was in and out in 30 minutes on 7.19. This puppy here, you had to wait, here's the daily, you had to wait boom, boom, boom three days down, which does not understand. All right, I'm gonna use a simple example just to make it easy. Say you wanted to, say you wanted to buy, oh no, let's see, let's see, let's see, say you bought the e-bait. Say you shorted the e-bait, $35 a share. And you took 1,000 shares. That would cost you what? 35,000 is the cost to take the position in margin or buying power. So you have to have that buying power in your account with the broker. So let's just say you open up an account at a prop place. And I'm just doing this to make it easier when I understand. Say you open up an account at a prop place with 3,500 bucks, cash. They gave you 10 to 1 BP. So you would have 35,000 in buying power to take the position. You would have needed $3,500 in your account to take it. And say you did it and you made a buck, you would have made $1,000. You would have made almost 30% of your actual full amount of the account on that day in this trade if you had done it and made a buck with 1,000 shares in a prop account. Now the difference is with this guy here, the option trade, you don't have to have 3,500 anything. You could have an options account with 1,000 bucks and then if you really want two grand, whatever. And you would say, well, I'm gonna risk $500 for $1,000. So whatever you decide you risk, that's how many contracts you buy. Each contract costs what, 20 cents. So you just pay the cost of the contract. That's it. So you would times amount of money. If you wanted to risk $500, you would just straight out risk 500 bucks and that would be it. You wouldn't have to worry about the fact that eBay is $35 a share. Or any stock that you trade, you wouldn't have to worry about the stock strike price. It would be whatever the contract costs. However, I will tell you that more expensive stocks like Google, Amazon, Facebook do have higher priced options costs but it's not as much as the stock. Like something might cost a dollar for one, two dollars for one, you understand? So you don't need a margin account and that is something you can ask your broker about. Any questions? Jackie, just email me that. Yeah, email me that if you want that. Let me get back to what I was saying. Anyways, I wore these shoes. I was on Fox on Saturday. I got so many compliments. I don't think you saw my shoes on TV but it was the point that I was dressed for success to be on Fox News. So you dress for success. You put your best foot forward. It doesn't matter. When you dress for success and prepare for success and you think like a successful person, you will have the best odds and chances for success. So when you think like a failure or that you think that you're going to fail or you're worried that you are going to fail or you don't care enough, so many people are trading the market and don't care enough to actually learn what to do or take a class or go to any education. They just open up an account and want to trade and go from trading room to trading room. That is astonishing to me. Even I, when I started out, took one class before I ever traded. I did, I learned a broad based general information though on technical analysis. I did not learn a specific strategy but I realized that I needed that and then I taught myself. You cannot do well doing this thing without being prepared and putting your best foot forward in everything that you do and a lot of it has to do with your mindset. Your mindset has to be success, success. I'm going to win. I'm going to do well. I'm going to make money. Every time I go into the day, I think I'm going to do well. That's it, okay? So it is about the quality. It's not about the quantity. You don't have to take trades all day. Also, the nice thing is you can do other things with your life, whether it's go to another job, whether it's do another business, whether it's take care of your family. It's only a half an hour an hour a day. Now a lot of people ask me why I prefer to short and a lot of people like to go long, I get it but first of all, I have an edge because I short because a lot of people don't understand shorting. They also did not know how to read a one minute chart like I do to short or a daily but I'm looking for the panic. The panic helps me see that. The selling is going to come in and I short that and I'm telling you it's a fast way to make money and that's one of the reasons I love it. I like to be in and out, in and out. When I'm in and out of trades quickly, I'm less at risk. So I feel like I can take 2,000, 3,000, 4,000, 5,000, 8,000 shares of something because I'm in, I'm out, I'm in, I'm out, I'm in, I'm out. So it's basically like a learned, it's a learned, it's a learned process, you learn to do it and you do it and you do it and you do it like riding a bike, okay? It's just a lot of people don't know how to do it and they're not used to doing it but you get in the habit of doing it, habit. That's a good way to describe it, it's a habit. You get into the habit formation of doing it and then you do better as you go along. So how are you going to find, how are you gonna find, okay? And pick which gaps to trade. You get up in the morning, you scan for them, then you rate them and you make a list and if you have two, three, four, five picks, you put them in order. So I look at a 26 point system, I go with the highest one. eBay was the highest rated gap on Thursday. I use a 26 point checklist. I go through the checklist, one, two, three, four, five. I go through everything and then I rate it and I total it and I tally it. So 26 is the guideline, that's perfect score. I'm not looking for a perfect score, I'm looking for a high score, 20 or more. If it gets 21 and I have one that's 23, I'm gonna go with the 23 points. If it gets 17, 18, 19, I'm not doing it. The rule is not to do it. Doesn't meet the 20 cutoff and 20 is a lot of things that a stock has to have to tell me where that's going to go. And one of the biggest benefits of trading gaps is just that short time of the day you have to do it. I mean, you're in and you're out like that. And eBay, you know, eBay, you could have traded all day. You could have day traded it several times. I did not, but you could have. You could have done it as a swing trade and you could have done as the option trade. So if you wanna make money, your time is limited. This is a great strategy for you. If you wanna hold stuff, go ahead and hold it if you want. But if your goal is to do this for a living and your money's in for the day, that's it. I look at it like job done, okay? No piggy targets, I say that all the time in the room. But, you know, look at it like the amount of the move. So say you were looking to get a dollar, okay? You want a dollar, a dollar, a dollar. So if you'd be taking, if a dollar is the move you're looking for, we don't get this in every stock, but then sometimes we get more. So a thousand shares is gonna make you, what, a thousand bucks. So look at what you are, what you're shooting for, all right? If you're shooting for, say, 50 cents and your goal is to make a thousand or more, you gotta take 2,500 shares to make 1,250. So you can look at this. So when I cost something and I say 35, 35.40, okay? 35.40 is the entry where you're looking for it to drop to make 56, 34.90. So you watch the trade once we get in and you watch it, watch it, watch it and then you know you're gonna be up your goal for the day, if that is your goal, okay? I'm just giving an example. But that's how I look it in and break it down. And yes, you can make cheat sheets. I have beginner cheat sheets or you can make advanced cheat sheets so you can see that when you're taking it. But I do give the targets in the room so you know where it's headed. eBay was one of those ones that was a really good gap and I know eBay can move at least a buck, especially on an earnings day. Any questions so far? Anyways, you only have to do this a few hours a week. It's not something like you have to quit your job to do it. You only need to be at your desk or computer between 9.30 and 10. And I suggest people sign in the room around nine, 9.15 minimal, but you have plenty of other time to do other things if you want to during the day. At night, some people are in different time zones and it really works out. If you're in mountain time, Pacific time, if you don't even have to be at your job until a later time, you can easily transition to do this as a career. You can do it before you go to work. Some people on the other side of the world they do it at night when they're home from work. Okay, so everybody's kind of in a different situation but I think if you can block out the entire weekend for the class and a half an hour a day, you will find a way to make the rest work because you have to get into the habit of doing this and it's practice, practice, practice to get to the point that you're going to get good at doing it. Now everyone says well how long does it take you to get there? Every single person is different. I've had some people do extremely well right after the class. Then I've had some people that have taken longer. They need help, they need instruction. They ask a lot of questions. So everybody is different. I don't know you. I don't know what your learning curve is. I don't know how much you're gonna listen to me. But the benefit of being in a live trading room is that if you take the live calls, you should do well and make money in the room. You just take the calls I make every day and you don't do anything else. So not doing anything else means when we're done and I shut down the room for the day, don't keep trading. Some people do, some people don't. Any questions so far? Anyways it's important to get a plan and action together. I don't care what you wanna do. You're gonna do this, this, this. And don't put a plan and action together that's so far off cause that's totally unrealistic. Don't say well I'm gonna do this in 60 days and 90 days, I'm gonna do this in six months, it never happens. A million things, a trillion things could happen between now and then. Trust me, I mean you gotta prioritize in your life and not everything can be number one. So obviously you have a number one, you have a number two. But then three or four, you may be able to figure it out. You have to find a way. There's just, people need to go through their lives and make sacrifices and sometimes a sacrifice is things that you're not gonna be able to do that you want to do. And what I mean, I mean you have to take a weekend to do the class. You're not gonna be able to have fun on that weekend or go out with family or friends or sleep or go to the beach. You would have to be in the class and learn. But the fun, exciting thing of doing that and learning is that it's gonna build on something, springboard off and it's something that's gonna be your future. So if you're not on track for 2018 to get somewhere, what are you gonna do about it? Again, I said more than half the year is over. If you're not where you wanna be, you need a plan of action. So I am a mentor to people in the room or if they have questions. I use one system as a system I created. We don't do anything else. And I explained this before but gaps are very profitable because they have big moves and they're quick and fast and they're made by institutional money, hedge funds, big banks, big traders, trade these companies. And that's what it's so important. So I'm looking for predictable moves that I can figure out fast moves in the morning and large moves right in the first 30 minutes. If you kinda wanna learn my system, it's a 26 point professional bearish gap rating system. The purpose of this system is to help you evaluate which gap to trade each morning using the checklist. And I do rate the gaps in the room. And if you wanna come in the room for a trial this week before the class, email me. Okay, Kathy can put my email in the room. But I put the rating in the room and I say, this is what I like. Okay, and the checklist tells you it's good. That's what gives me the conviction. Now if you wanna do options, that's different. I have an options letter or you can do the trades I call in the room as an option trade if you want and get in and get out. But if you wanna make foreign degree any year, you're gonna have to risk an average of $1,500 a trade. Just so you know. And if you wanna refer off for a broker, you certainly can email me or if you're set up with one already, that's good enough too. All you have to be able to do is actively day trade and you have to have the shorts. You have to be able to be able to short. Any questions? Now I started out saying this at the beginning and I'll just say this again here before we close. You gotta have a good system. You could be the most disciplined person in the world, you're not gonna succeed if your system isn't any good. And it's interesting because I've been meeting a lot of people like I said out in the world now, just so many people I've been reading in the world finance. People that I never would have met before if I hadn't been on TV, but it's amazing to me how many people do not understand gaps. Like I'm actually shocked and I'm realizing how special it is, what I know and how I really, really do have something good. I always knew I had something good but I'm really realizing it now because I'm out meeting some very high level financial people and they don't know what a gap is. Now they trade based on other things but I'm telling you, you can't really succeed and see things that are gonna happen without understanding how significant a gap is and many people that are in stocks in certain positions get killed in positions sometimes when gaps go against them. And because I have such a full understanding of that it is so powerful to be able to make trading and investment decisions. And very often people do not get gaps at all, okay? So the system is gonna teach you gaps. How do you make money in the market? You trade a strategy and system that's profitable. Golden gaps are a highly profitable strategy because they focus on large momentum to trade. What stocks should you trade? Stocks a gap and rate 20 points or more per the golden gap, 26 point rating system. You trade the gap in the direction of the gap when it rates good. When do you trade them? Right away is early in the morning on the open when they set up in trigger by 10 a.m. Eastern time, okay? And you have to have a structure in place. You have to have a structure to make money, to make any money at all, any consistency whatsoever, okay? We're looking for big moves early in the morning and a good risk to reward. Any questions? Kathy, if you could put my email if anybody wants more information on a trial. So for me, I train the system, I have my goal every day, that's it, okay? That's what I do. If you do not have all of these things situated, if you don't have a system, if you don't have a goal for the day, if you don't know how you're gonna make the goal, then you have to sit down and write it out, okay? You have to figure out how are you going to make this money? Like pick an amount of money that you want to make be somewhat realistic, okay, based on the size of your account and then figure out, one, two, three, how you're going to do it, okay? It's, writing things out in a piece of paper really helps me. I'm very big on that. I have a lot of notebooks. I like to write stuff out. I know that's old fashioned, but it really helps you be accountable for things, especially like when I fill out my gap worksheets in the morning. You do the class, you'll get the worksheets. Be practical with what you do, all right? Be professional, have a calculator next to you. Don't take crazy risk in things. Have a strategy when you trade. My class is $5,500, which costs you money to do it, to learn the system upfront, but in the end it will save you money. One, if you get to be in the room with me, you're going to make more than that back by taking my trades. And two, you will save money in the end from losses by not blowing up your account and doing silly things that you should not be doing. And very often people blow up trading accounts over and over and over again, they lose money. So it's just, I talked to a gentleman today that said he kind of bought several houses with trading losses. It is so important to know what to do before you risk one dime in the market. I cannot tell you how important that is. Yes, you can have a trial to the room, here. Kathy must not be listening to me because she didn't write anything in the room here. Melissa at thestockswish.com is my email if you would like a trial for this week. Anyways, the class is called the Golden Gap course. It's perfect timing to trade, perfect timing. Between now and the end of August is gonna be busy and that's very exciting. There's even something today in a Monday, okay? Great time to make money with me, get in the room. The class is July 20th and 29th from nine to five. Cost of the class is 54.99 US dollars. You must email me for sign up forms if you wanna sign up. And if you'd like a trial, like I said, you can email me too. Any questions from anyone at all? Ask me now. Lots of money rolls to the market every day. So you can make money trading. It's just that so many people are not focused and that's one thing I'm telling you is critical. And I really have focused so much to the point of, you know, focusing on one ticker symbol per day, one trade and one directional bias. Does anybody wanna go over anything? Any questions? Any general questions? I mean, I'm here. Quiet group tonight. Quiet. Quiet people. Listen, email me if you have questions. Email me if you're interested in the class. Email me if you wanna trial for this week. I'm home this evening. I can send you the information, okay? Before my week gets busy. Melissa at thestockswish.com and I will see everyone soon. Thank you so much, Kathy. Thank you.