 Okay, does everybody see the chart and not the chart the PowerPoint now and hear me to the arrow and just put it up. Let me know if you can hear me. I'm the only one that can see everybody here in the room today. If you have questions, you can just type down here. I'll see your questions. If you have any questions about what we're talking about during the presentation today. I'll answer them live. When we're done today, if you want to talk specifically about the market, we can talk about that too. I know that something a lot of people are interested in. I'm not fully on dressing that today in today's lecture, but I know it's something people find interesting. I've had a cold for the last few weeks. I haven't done a lot of videos on YouTube, like I normally do. In fact, I'm due for one. I might do one tonight. In fact, I am going to do one tonight. Maybe we'll do the video. Maybe I'll do the video tonight at the market after we do the lecture. Why don't we do that? I'll just do it. You can hear. Okay. Dale, sign out and back in. Or call Kathy. Here's the phone. I'm going to turn the mic off on and off really quickly. Can you hear me now? Can you hear me now, Dale? I just turned it on and off really quick. Okay, now you can hear me. Then you're good. I don't have any charts up. I have the power point. Does everybody see this? Or do I need to reset this too before we get started here? Dale, can you see that it's an orangish goldish? All right. Hold on. Let me reset this. Is that good? I have it up, Dale. If you don't see the presentation, you might have to log out and log back in. It just flashed and now it's gone. Quick try to call Kathy. She's around. She's really good with getting, uh, answering the phone and getting back to people. I'm taping it as well. If you missed the first minute or two here, if you call Kathy, then I'm taping it. So don't worry. Okay, wonderful. Looks like we have a good group here today. Thank you for coming. For those of you here that know me, my name is Melissa Arma. I know the company called the Stock Swoosh. For those of you that don't know me, I've been trading for two years. I've had the business for two years under the name of the Stock Swoosh. And I started out the business at the end of 2012 because I had a strategy that worked really well in the market that my friends encouraged me to teach people. I started trading day trading at the end of 2008. So I've been trading for six years. I've been teaching people what I know for two. It's going to be longer than two years here. Actually into 2015. So when I, when I started that training, I figured out this method that I'm going to talk about today. I never, never, never, never dreamed I'd be teaching people. And I had a lot of friends that at the time wanted to be traders too. And then I was like teaching them as I was figuring stuff out. And they said, gosh, this is really good, Melissa. You should, you should start a business and teach people this because of course they knew that it was really good. And they had taken other classes as well and didn't, didn't learn how to trade. And then I was, I was doing it myself. I was figuring it out. And that I'll tell you this really quick before we get started. I had a conversation with a friend I hadn't talked to in a really long time over the weekend. Someone that knew me at the time that I was figuring this stuff out way before I started the business and way before I was making money, but I was like really into it. And, and, and she knew that I was had something you're good. Actually, some of you might, might know her. I'm not going to say her name. She used to work for competitor, another educational firm she's since moved on, but she said, how did you, she actually said it to me. It was so funny. She said, how did you, how did you, what, how did you stick with it? She said, she was trading, she quit. She said, how did you get up every day and keep doing it? How did, how did you, why did you stick with it? She said. And, and I really, I almost laughed because she was so serious about how did I stick with it? Because of course at the beginning, when I was figuring this out, I was losing. I mean, everybody that trades at the beginning usually loses unless you, unless you happen to hook up immediately with someone that knows how to trade and you learn instantly, which rarely happens. And I said to her, you know, sheer willpower, just sheer willpower is how I stuck with it. I mean, really just total the desire and the drive, which I had and still have today to make money in the market. And that comes through in my teachings, I think to people as well. And now obviously I've been doing it for a long time successfully alone. But at the time this lady, this friend knew me and I haven't talked to her for a long time, you know, I was not profitable. And she's since reached out to me again and wants to get back into trading. I think once you have the, the desire to train the market and make money, it kind of really almost never leaves you unless something drastically changes in your life. You, if you have a desire, that little bug that tells you that there's something to this thing, you, you do find your own path. Some people takes a long time. Some people it doesn't take as long. If you have that bug, you're going to stick with it. You will stick with it. The sheer desire, the drive to do it, you will find your path. And I'm grateful that I figured out how to do it and did stick with it. So let's get started today. Today we're going to talk about the topic which is earning fast profits in 30 minutes using one strategy. It's the way that I train. It's the method that I train. It's what I do. As I said, I started a business two years ago. It's called the stock swishing. Go to my website. I'm working on expanding that site. It's very basic now. The brand new site should be up and running by the end of the year. If you have questions about classes directly though, you can always call and email me. You can email me at Melissa at thestockswish.com. And I have a lot of videos on YouTube with trades that I've done and other webinars I've done as well. And you can follow me on Twitter and Facebook too as well. Now, how can you make fast profits in the market? You've got to have a method. You've got to have a way. What do I mean by fast? I mean taking trades that are on an intranet chart on the one-minute chart or the two-minute chart, a very, very small timeframe, a very specific timeframe that you're trading. How can you do this? You can do this in gaps. This is the strategy we're going to talk about today. Now, there are many, many people out there that talk about gaps. Before I get into deep, deep detail here, I just want to show you this gap. This is a gap on sprint that happened back here at the beginning of November. The stock closed up here the night before around approximately 625. It gap down here the next day around 540-ish under 550. So this is a gap. Now, if you don't know what a gap is, I'm just quickly, quickly going to tell you. A stock or the market gaps when the close of the price of the close of business at 4 o'clock Eastern time, which is when the stock market closes, closes at one price one day and opens at a different price the next day. That's what a gap is. For those of you that don't know, some of you do that are here, that's all that it is. Now, the difference between the close and open could be anything. It could be small, it could be large, it could be pennies, it could be a dollar or more. It doesn't have any set amount. It varies. But that's basically what a gap is. So this is a gap. And this is something that you can play to trade to make money very quickly in the market. And it's a strategy. There is a lot of money in the stock market. It's the draw. It's a desire. It's the thing that set me on this in the first place, the reason I wanted to trade and always do it because I did mortgages for a very long time and approximately in 2007-2008 when I decided I needed to find another career. I was looking for another career. I was searching and then it came to me about the trading that I wanted to find a job that I could do, a source of income that I could have, quit my mortgage job and make money. That was something that I could have the potential to make a lot of money because I was doing very well doing mortgages. But then the whole mortgage industry, the banking industry really collapsed in 2007-2008. Many of you know that with the whole industry collapse with the banking industry. It's not the banks don't do mortgages anymore, but it's very different now. And I did well for a lot of years and I wanted to get out. So I was looking for something where I could make a lot of money. The stock market is one of those places. If you know how to trade, you can make a lot of money and do very well. And not only that, you can do it for your whole life. What I know now, I know now and I will always know and no one will take that away from me. And it's the same thing with the people that I'm teaching. There are people that go through periods and they're trading and maybe some of you are in here now where you might do well for like a month or you might do well for like two months or you might be on a streak where you're doing well for maybe like four, five, six months. But then something happens and then what you're doing doesn't work anymore. Like the thing that you were doing was temporary. Like it was not something that was really, really consistently good and strong enough to withstand the power of the market to last for you to consistently make money for the rest of your life or as long as you'd want to trade. It's a lot of people go through that. That part of their life that they go through when they're doing well in that piece keeps them in the game. But then a lot of times what happens is people don't get off of what they're doing that really didn't work or having longevity in it. Maybe they didn't have a strategy at all. They were just doing one thing that worked for a period of time where trading would stop the work for a period of time. And then they keep doing that thing and they keep doing it and they get back all the money they made in that period that they were making it for a couple of months or something, maybe even a year. But then it doesn't work anymore and they won't get off of it. And now they're actually down from the money that they made and then they're struggling to figure something out. The only way to really, really make a lot of money in the market, no matter how you do it, day trading, swing trading, court trading, investing is to find something that will always work meaning for a long time that you could actually rely on this. I was looking for something reliable because I wanted to quit my mortgage job. So you've got to have the reliability in the strategy, which we're going to talk about. It's really about relying on yourself and no one else. When you get to a point where you want to rely on yourself, it's a point of realization that your life is your own creation. And I firmly believe this because I've done it. And when I had the conversation with my friend the other day, it was so interesting because this person knew me at a different time in my life and I hadn't talked to her for a long time. And it's amazing because a lot of people don't believe that people can create their own dreams and make them happen and I'm living proof that you can. You are the one in charge of your own life, you and only you. And when you start to acknowledge your own personal power and your ability for personal growth and to learn something new and make more money, you will be amazed at how things can come together and how much your life can change for the better. Because it can. Sometimes it's just about opening up our eyes and seeing the possibilities for our own life and for what we want to make of it. Imagine the possibilities for your life if you learn how to trade for serious profits. Now serious profits could mean what? It could mean $10,000 a month, approximately $2,500 a week, something like that where you're making a good income $100,000 a year or more. For some people, that's not enough. They need to make $20,000 a month, $200,000 a year. It depends where you live, it depends your expenses, it depends where you are on the planet. You know, I think that you have to have in your mind what your goal is, why are you doing this? Are you doing this for just extra money? Just to go on a vacation, just to have a little extra money around a little extra savings. Are you serious, serious about doing this and you really want to change careers like I did? And it's something that you really want to be able to make a living doing. You have to know though what your goal is, the reason you're doing it, show you have that commitment there if it's really there for you. How can you get to the point where you are financially independent? What do I mean? I mean where you don't actually have an employer, where you don't have to worry about going into a job every day, waiting for that person to give you a raise or a bonus, or the possibility of being fired, or the possibility of the entire industry that you're doing like I did when I was doing mortgages collapsing, which had nothing to do with me, nothing to do with my ability, nothing to do with even the company that I worked for. It was just the circumstances, the environment that the whole economic system was in at the time, not just in the United States, but really in other countries as well. You've got to get to the point where you're financially independent, if you really want to feel that personal power like you're in charge of your own life, you're in charge of the decisions that you make, you're in charge of the fact that you can make this much money and have the potential to make even more. Where do you see yourself in a year? We're getting into the close of 2014 and this is a great time for people to start to evaluate what they've accomplished this year. Now the year isn't over, you still have approximately two more months left in the year, they're about, but it's time to take a look and see, did you trade well this year if you trade it? Did you not trade it all this year, but thought about doing it and never move forward? Where do you want to be in a year from now at the end of 2015? Do you want to be in a different place or are you actually happy at the place that you're at? And if you are, congratulations, that's good. There's nothing wrong. If you're happy with where you're at right now, you've achieved all you wanted to this year. Good job. A lot of people though, what happens is they get into a groove with their trading or something that they're doing that's not working and all of a sudden, poop, you know, here it is, it's the holidays and then in realize how much time they might have wasted on doing something that didn't work, give it a chance, give it a chance, give it a chance. You have to kind of step back and see, am I going to be at the same place in a year from now if I keep doing this thing or do I want to be somewhere else? And then on top of that, look at where you see yourself in five years. I think this is a good idea as well. This is a long range plan. I'm not saying right now, this second or in a couple of months or in a year, I'm saying long range plan and five years from now, what do you want to be doing? You want to be trading the market full-time as a day trader. Do you want to have quit your job right now if you're doing something else? Do you want to be going to work in a trading desk for someone? Do you want to have moved to a different location? Maybe you're living someplace right now. You don't even like where you're living, the city you're in and you want to make more money so you can move out, go someplace else in the world on the planet. You don't like where you're even living now. You need money to do it. Trading is so great because of the fact that you, all you need is a computer. All you need is a computer, the internet connection and you have to learn how to train and to be able to do it. But you could literally be anywhere in the world and do it. And if you're in a place where you don't like the city or town or the state that you live in or even the country and you want to go someplace else, that may be your long-term plan. You might want to retire and move to this place in five years. How are you going to get there? Okay. The world is moving at a faster and faster rate. What does that mean? That means that people that are not ready to step up to the plate and be able to make decisions for themselves and have conviction in their choices are going to get left behind. Like I just said, it's just, you know, I can't even believe that it's almost the end of 2014. I cannot believe it. It's amazing to me. I've been in my apartment now for almost a year. I can't even believe it. I feel like I almost just got situated. I got everything perfect where I'm living. And now here it is. It's the end of the year and it's the holidays are ready. The world is moving at a faster and faster rate. We have to keep up with that or opportunity is going to pass us by. And then things will happen as they always do that you're going to have to make choices about stuff. And they're going to be like, why didn't I do that then when I wanted to do it? When I had the time, why didn't I do it then? Okay. So you have to keep this in mind. The lack of ability to be able to make choices to move forward is going to hinder you for where you want to go because the world is moving at a faster pace. This isn't just the market. This is the world that we live in is moving at a faster rate. I'm sure some of you know exactly what I'm talking about because it is so, so true. This is not a bad thing. This is actually a good thing. Movement means change, progress. Okay. These are positive things. I don't want you to look at this as a negative. I want you to look at this as a positive. Movement, progress, change, flux, fluctuations. All of this is good for you to get where you ultimately want to be to achieve your goals. Okay. Now you got to look at the bigger picture, but you need to know what that is. I don't know what that is. Early retirement, just having your afternoons free where you're not doing something that takes up all day or having to work so many hours. You have to know. You really need a plan of action in place, and not only that, a timeframe for doing it that is concrete. It's so interesting. I talked to a lot of different traders who want to trade the market. Many of them have absolutely no timeframe for when they want to accomplish their goals. They just don't. You get to a point, if you have a fixed amount of money to trade the market and a certain amount of time that you have each day to do it, when you're going to get to the point where you say, my goal is to do this, to make this much, but this time to do this, to get the strategy down, to learn it, to make this right. You really need to have some kind of timeframe. People spend years doing something. Some people spend years trading on demos. That boggles my mind. Never even trading live money, real money. Obviously that doesn't work. Okay. You have to have a timeframe for doing it. I mean, really, really doing it. That's concrete. You say to yourself, this is my goal. Otherwise you never get there. The eventual goal, you never reach it. You don't even have a goal and a timeframe. You're never going to get there. Now we're going to talk about gap trading. I showed you the one gap earlier. We're going to talk more about this, but the reason that I like gap trading as a strategy and the reason that I do it is because it makes sense. If you think about this intellectually, this is a picture of your brain here, it just makes sense. This is one of the reasons why I chose to trade gaps. Why does it make sense? Now we're going to talk about this here when we're done today, but I did clip here the QQQs. Well, let's talk about it right now. I forgot I put this in here. This is a chart of the QQQs ETFs in the market. I watch the market and the QQQs and the spies every day. A lot of people watch the market. I don't necessarily play the market as a day train, but I'm very wary of what the market's doing here and I often do videos on YouTube to see the directional bias. The market's in an uptrend. I clip this here only since really March of this year, but the market isn't an uptrend. It isn't a very strong uptrend and it is going to continue into an uptrend and continue to move higher. Many people are looking at this market. Actually, people were talking about this back in here before we rallied and made a new kind that the market was going to collapse. People are still assuming that now, by the way, because I think the market's extended and that the market's going to fall off the planet. We're going to have some big, big crashes going to fall off the planet. I'm not calling the market that way. In fact, I'm calling the market the same as I've been this whole year and even last year, which is that it's bullish and it's going to continue to be bullish, at least for now and really I think in 2015. The reason that I'm saying that is because of the gaps. Now, I showed you the gaps in the S pattern. Let's look at some gaps here in the market. This is a bullish gap that happened back here. This was in October. The QQQs closed here around 94 something and they gapped up. This is a bullish gap and it opened up here at 95 something. Open and rally. This is a gap up here too. It doesn't look like much because it actually went red on the day, but the fact is the market gapped up. It went red on the day. You could not have gone along the market in here yesterday as a day trade, but it gapped up overnight. Then guess what? It closed here and it gapped up again the next day and it rallied. Closed here. Gapped up again. Rally. This is a neutral gap. It gapped up again. It gapped up again. If I count the number of days in here, the market had so many bullish gaps in here. It's not even funny. Now, how am I reading this as a person that no understands gap trading as a day trader? I'm reading this market higher. I'm reading the quality of the gap, seeing that they're very bullish and I have a way to qualify them that they're going to hold bullishly. I'm also reading that the market's not extended because there's new money coming into these gaps. When something closes at a certain price, I'm just making up an example here now, and opens at a different price, what makes that happen? On the purchase side, if something gaps up, what makes that happen is buying. Now, if something gaps down, say a stock closes here and gaps down a dollar, what makes that happen? Well, there's two things that can make a down gap, selling or shorting. Either way, you have the selling mostly in down gaps. Sometimes you have the shorting that makes it, but it's usually selling for the downs. The only thing that can make a gap up here in the market is buying. What is happening here in the market in here is new buying. That's why this is market is higher. Gap trading makes sense because you're reading what is making the gap. Now, that being said, it doesn't mean that every gap that sets up that's bullish is a long, and it doesn't mean that every gap that gaps down is a short. There's actually almost every stock in the market and the market itself gaps almost every day. Really, if you want to be that precise, but you can't play every single one, and you can't play every single one in the direction of the gap. You have to find what I call the good ones if you're looking to day trade or even swing trade for longer-term trades to profit to make sure that they're going to do what that they're going to hold. I call it like stick that they're going to hold, that there's a weightiness to them, that there's enough weight of the money in the gap itself, whether up or down, that it will hold and stick for a move that's going to pay you in your day for the day training or for a move that could last a couple of days if it's a swing trade. The good thing about gaps though for the day trading, which is what I do, is it's yours very quickly in the market when it happens in the morning because stocks have momentum into the open between 9.30 and 10 a.m. The reason that they have momentum between 9.30 and 10 into the open is because people are figuring out what they're doing with these positions in the stocks before the market opens, which I'm doing as well by the way, but the people that are making the gaps are figuring out what they want to do before 9.30 and then they have the orders all set up to go in and hit in and take hold into 9.30. Gaps are really good strategy for making a career transition and your time is limited because you're just playing that first hour. Sometimes you get a set up between 9.30 and 10 and you're out. Sometimes a set up happens between 9.45 and 10 and you might be in it till 10, 15, 10, 30-ish. You're really not in trades at all in the afternoon unless for some reason something's working and just continuing to fall if you're in a shorter rally, if you're in a long, you're really looking to get out within 30 minutes in the trade quickly, quickly, quickly. Most of the momentum and 80% of the move really happens in the morning to gaps. The other reason the gaps are nice to trade is because it allows you more time for yourself if you just trade that morning period. Now, you might have another job to go to. You haven't made a transition yet and if you don't and you're like me, you have freedom to do stuff in the afternoons. Go to the gym. I like to go work out. Sometimes I do in the morning. Sometimes I wait till I'm done with the trading and I go in the afternoon. You have a lot of personal freedom. Now's a good time of the year to actually enjoy that as well because it's holidays and I live in New York City and there's so many fun things to do right now in New York and the holidays. I could walk around the city every day and see something new in New York City right now and just enjoy my afternoons and not even work. So there's a lot of personal freedom that comes with being able to profit and make your money in the morning and have your rest of the day yourself. Trading gaps also has unlimited income potential for your future dreams. I talked about this. I'm talking about again, future five years out. Where do you want to be? Your bigger house, different property, different city, different state. Maybe you are planning to have children. You're planning to get married. Maybe you're engaged. Something for your future. This can get you there if you learn how to do it well. So what is your plan of action and how do you get there? This is the method that I developed myself over the period that I traded when I started out in 2008. It's gaps and I named my system the Golden Gap. It's a rating system. That's really what it is. It's a 26-point rating system for a gap. The purpose of the system is to help you evaluate which gap to trade each morning using a checklist. So I have a checklist. I go through the checklist every morning. I look for the best gap, the highest rated gap. The point system is 26 points. You don't have to get a perfect score to trade it. You are looking for 20 or more. What does that mean? That means if the gap rates 20, 21, 22, 23, 24, 25, 26, you can look to do the gap in the direction of the gap if it's a long or a short. The philosophy behind the 26 points is you're looking to find stocks to trade that have a high probability of directional bias for the entire day. Big moves on the day. Early confirmation of the bias because you want to get the quick trade between 9.30 and 10, and you're looking for precise entries with follow-through and a good risk to your work, which we're going to talk about in a little bit here too. So this is all that I do. I do the same thing every day. I don't do anything else. I don't trade any other strategy. The strategy is gaps. I use the checklist. That's it. That's all that I do. I trade in the morning. I'm done. Every once in a while, hold something in the afternoon. I only do gaps. You can do longs and shorts. I prefer the shorts. I'm very, very good at shorting. The funny thing is I'm calling this market higher and everyone's saying the market's going to crash. Hey, I'd love the market to crash if it wants to crash because I'm really good at shorting. I'm poised to take advantage of that if that ever happens, but it's not setting up that way. So trust me, when I say the market's higher, I would have more to gain by telling you to short the market, but it's not going to happen. At least not for the foreseeable future. So I short stocks. Someone's asking me the other day, why don't you go long? The market is bullish. Why aren't you going long? Why don't you like taking them long? I like to short because there's panic that comes in. There's panic that comes in to stocks. The reason that stocks work and gaps is because large institutions, hedge funds, banks, trading desks, big institutions have positions in stocks. They are typically long. They are typically long stocks. Now they do take short positions, but they typically are long. Many of them are managing money for people and people like to go long and they are managing money on the long side for in one case all this stuff. So they're in a lot of long positions and when they sell out of them in a good bearish gap, there's panic that happens and they have to get out. That quick, quick, I call it a dump, of selling of share size that happens into the open creates momentum for you to short as a trader to get that move when the institution sells out of the loss. So why trade gaps? Why do they work so well and pay so well? Because gaps are created with large institutional money. That is really what makes the gap in the first place. The professional gaps that happen and play out in stocks are formed by one thing and one thing only large institutional money. It's called power money. It's a name that I made up, but it fits because it is a amount of money that is so gigantic that you can't comprehend it and that is actually what is in the market. Therefore, you need a way that will help you pick the correct direction to play the gap and confirm that the large money will flow with it by having a formula to read and qualify the gap. You get confirmation and conviction then that the large institutional money is on your side and you play it. Gaps are an event and create a sense of urgency and this is why I like shorts. There's a sense of urgency if somebody's up and now they're down. There's no sense of urgency if nobody's in anything long to buy it. So this is why I like the shorting. Now I'm not saying you can't do long gaps. You can, you can do the exact same thing and the longer you flip the points, but there is more urgency. You get the faster moves and the more panic and the bigger moves that happen quickly to the downside. Why? Because an action is being forced by participants of the stock people that are in it and this is why gap trading is incredibly powerful. Trading gaps is a powerful and profitable way to trade because you're trading on the side of power and you don't need to do anything else. Now, you can do other things if you want to. I have people that have rated my gaps, they've taken the class, then they do options and then instead of doing the day trade, you can do that. There's a timing thing that happens with the options for your trade. I don't do that though. I only do the equity trades. On day trading, you can do the overnights. The leverage is different for the overnights. We're going to talk about leverage here in a minute as well. A lot of people for some reason it's like trading stocks has gone out of style. I think it's kind of gone out of style actually since the whole banking thing. I think between, I think really from actually even after the internet bubble, I think it was even before that, before I was even doing about the market somewhere between the end of the 90s and then the early 2000s, for those of you who have been trading for a very long time, longer than I have even been in school, but I think it's like not became unfashionable to do stocks. People didn't trust stocks anymore. It was just unfashionable to be a trader and do stocks that much. The fact is that it's coming back in fashion. I'm part of a new era of this. I'm a young person of trading stocks. I love it. It's coming back into fashion. There's other things you can do to trade that some of them are very risky. The one good thing about the US stock market is it does have some regulation involved in it and actually protects you as a person that trades in reference to that. You also have the advantage of getting leverage, which we're going to talk about. And so you do have leveraging money, which you don't need the cash cash for dollar to trade. And that helps you. And if you're a day trader and you're flat every day and out of your positions by four o'clock, you're protected. So if something gaps against you every night, then you don't get hurt in it. And you know every day when you're done, how much money you made, or if you lost to the day, you know at least that's it. It's a fixed amount. The thing about stocks that will always make them be invoked in reference to the way to really profit for people that understand intellectually what's going on in these stocks is that people have heart and love companies and people and products. And that's always the case. So even though people are saying, well, you know, the markets rigged, it's this, it's that, it's the other thing. The fact is people love Apple. People might love IBM. People might love GMCR. They have heart. People have heart for stocks. Okay. People don't like have heart for ETFs. People like don't have heart for Forex. Like people love these things. They watch the commercials. They watch the people on TV that are the CEOs. They like this person. They like that person. They have a, they feel like they know the person. They love the products that allow some of these stocks to have moves because people have heart in them. They feel like they know this company or they know the stock or whatever it happens to be. Okay. That's why it's so great to train stocks. If you understand how to profit, because you can take advantage of that, whether you take advantage of the fact that people are loving something, to take advantage to making it money to the upside. Are you taking advantage of the fact that people hate something and then they're selling it and taking advantage of something to the short side. You're always looking for the opportunity and what's going on in it. But people and it's people that are in the market and even these hedge funds, they have all of these things that was talking about this in the last webinar, these research reports. They're people are, they do these, these companies, they do these research reports and they sell them to each other. It's a big, big business, but they believe in this company that there's going to be growth in this company or this company is going to do this thing. They, they even have heart. Even those hedge funds, banks, institutions, they have heart for different companies. Okay. Just like regular people, individuals who like the products. And you don't get that in some other things out there that you try to attempt to trade. Okay. So in this industry, longevity and consistency counts and the reason why gaps work so much is because they're made by institutions. They have a lot of power. And again, there is a force that happens in stocks to train will always exist as long as companies exist in the US market that you can trade on to play into long or short. So the philosophy behind what I do is really to analyze a large timeframe to make the trend decision on the directional bias for the gap and all large traders of every kind look at large timeframes to make decisions, particularly institutional traders, which is why you're trying to look at that. And then the good thing about it is as an individual, you're looking to make entry decisions and exit decisions based on a small timeframe, which I do in the one minute chart. I'm going to show you some charts in a minute. This is a high degree of focus and accuracy because it moves very fast. One minute is 60 seconds. It's actually a long time for me now because I've been doing this so long. But if you're new to the one minute chart, 60 seconds can seem like a blip. If you're used to trading on a 15 minute chart, it's going to seem very fast for you. But it's actually the way to have really, really quality, good risk to reward trades. Using the daily chart to make the decision for the stock pick allows for accuracy in the direction and using the one minute chart allows for good risk to reward trades with accuracy, which is how you're going to make the money. Because risk to reward means for every dollar in your risk, you're making what? If you're only making $1 for every dollar, that's not good risk to reward. If you're making $2 for every $1, that's good. If you're making $3 for every $1, that's really good. If you're making more than $3 for any dollar that you risk that's excellent and you're a profitable trader. And it covers some of the days where things don't work and you have to take a loss. Now, let's look here at this gap here on the S. By the way, this was a good swing trade. Stock continued down, still is lower by the way too. On the day trade, be sure to this in the day, it was a nice short, went past the target, followed through, could have held this overnight. Really nice move in this to the downside. Now, here's where the stock gap, we're on a one minute here. Now, this is what I do. I'm looking for the gap. The stock closed the night before. Up here at $6.00 and approximately 20 cents. I see it. It's 4 o'clock. Boom. Then you get up in the morning, it's 9.30. Now, between here and here, you were looking for something to do. You look for the S. You will rate this gap. How are you rating this? You don't know it's going to open here, but you're seeing it's gapping somewhere in here. You can look in your level two and you see that the stock is actually not at 6.20. You see it's somewhere in here in a range. It probably was moving in here around 5.50 something, whatever it was, I don't remember exactly. You will rate the gap then based on that price and then you'll wait for the market to open to take it. You're looking to see if it raised 20 points or more. If it doesn't, you won't do it. If it does, then you will look to do what? You will look to short it because it's a short gap. It's a down gap. What if this doesn't rate 20 points? You won't do anything with it. It just will leave it be. That's what I call a no-play. Now, if the gap doesn't rate well, let's say it rates really stinky, like 12 or 13, it doesn't mean you flip it and buy it. You just lay off of it because you're looking for the good ones that have a high probability and a follow-through. You've got to have a strategy that has a high probability of working or you're not going to make money consistently. Okay. Anyways, it's shorting this setup pretty quick. You short it right here. There it goes. It actually fell off a plant. It went right to the target. You could have gotten it all out here. It rallied up into a second setup and it dropped again. Here again, time of the day here, you're looking between 9.30 and 10. It's set up very quickly and you're out of this within 30 minutes. You could have been out of this before 10 o'clock. If you stayed in it for the second drop in here, which you didn't even need to do, came after a little bit after 10. Now, if you're a beginner, you're never trading your life and you want to trade, you can do a small size. If you do this trade, you can risk $60. $60. That's it. You can risk $60. If you risk $60 and that trader just showed you the total profits of $20, $40, that's really, really good. To be able to risk $60 and make $230 is excellent. That means for every dollar you risked, you made four and you made it less than 30 minutes. So that's great. If you can make $200 a day, money through Friday, that's $1,000 a week, that's $4,000 a month, that's not almost 50 grand a year thereabouts. If that is your second income and you only have to trade for 30 minutes or so in the morning, that's a nice extra second income. You also have the huge potential to be able to turn that into something much, much greater because if you can consistently make $1,000 a week day trading, you'll be able to increase your size to make more. Now say you wanted to do that. You now are at the point, you've been doing this for three months, you're consistently doing it. You want to start risking more. This is called intermediate. Intermediate could be anywhere from $150 to $250, $300. You're risking $300. If the trade would have failed, it did not, but what if it would have? If it's a worship that can happen to you, you lose $300. That's it. You were shorting it, you were taking a short. You're shorting the stock at $5.40. You put in a hard stop. This is a hard, hard stop at $5.50. You're taking 3,000 shares. That sounds like a lot, but the stock price is only five-something. So this is very affordable. A is at the target. It went to the target. It went to the target in the first drop. This is not the second drop. This is before 10 o'clock. You're out. Went to the target. Boom. Total profit $1,200. Again, four risk units. This is over $1,000 that you just made then in less than 30 minutes. You risk $300, which is not a sneeze. This is a decent amount of money to risk in a day trade, but very good profit. Went right to the target. Why? Good gap. Nice gap here. It's all about the gap. If you didn't have the gap, you wouldn't do this. I would never trade it. I tell people the entries that I teach in the class cannot be taken on anything that ever trades or sets up. You can't even trend trade and take entries away I teach. The entries that happen and set up, you are being aggressive on because of the gap. You see the gap, you rate the gap. That tells you that. You get the confirmation then and you feel when you get the setup and you take it. No hesitation. A lot of people when they day trade are waiting until after 10 o'clock for the confirmation, but the time 10 o'clock goes around, the stock has made 75, 80% of the move or actually might have made all the move and flipped. That happens sometimes in gaps too. I'm all out or half out or more than half out. If you are waiting until after 10 o'clock for confirmation, you're going to miss the move. How are you going to get paid? You are not going to get the same risk to work and you're going to miss the boat. The idea is being aggressive if you know what to look for and what to do because you want to get what I was describing earlier. I'm just going to back to this thing in here. You want to get, take advantage of this in this gap, which is the panic. Again, I call it a dump. Stock opens, all this happens in here. This is selling. This is what I call concentrated selling actions. As soon as the stock opens, it just goes right down. So if you're waiting, waiting, waiting, waiting, waiting. Now, this did have a second setup. The second setup is late. It's not as big as this one and if you get this one, you can stay in it down there if you want to. You could take half out of it in here if you want to. You could add back in here if you want to. If you're waiting until after 10 o'clock to do it, you're doing this. Maybe you think it's going to four, four 50. Maybe you don't even get out of it in here because you didn't take it up here and then it trails against you and then you didn't even get it. Do you see how it closed on the day? Actually closed over five. Closed over five. This is the trade. This is the money trade in here that you're taking and whether you hold it down here to the second move or not or after 10 is up to you, your own money manager, but he went to the target. You would be all out or most of it anyways. But do you see most people waiting until after 10? How do you know the confirmation is this? The way the trade actually sets up here where I know the setup in the open. I have the gap rating. That's the checklist that I created. It took me three years to figure it out, but that tells me this is going to work as a short of the day. And then I do it with the confirmation of the setup. Otherwise, most people are waiting there like not sure is it going to fill the gap? Should I short this? Is it going to fill it? Should I buy it? What should I do? They wait until after 10 to see an intraday trend or they wait to see what the market is going to do and then they miss the boat. Okay. Again, what's the worst that can happen to you here? You take the stop. And there will be times when you have to understand that you will take a stop, but you want to grab that trade when you can and take it. The opportunity is in a gap. You see that all before the open and that's when you pounce on it and then take the trade. Now, if you're an advanced person here, you've been doing this a long time, even if you're just doing it for a year with me, you could take this kind of size. Every day training for a year with me, you'd be in a position to be able to take the size. Anything in a $600 risk unit is advanced. You would enter the trade at the exact same place as the newbie. $5.40. Stop over $5.50. Can you put a stop and a $6,000 shares of this? Yes, you can. You might have some slippage, but this will hold. This is a very, very heavily traded stock. There's plenty of volume in this. Exits $5. Profit on this is $2,400. Nice solid move in here. Again, same move that everybody got. First drop out, out at $5. Risk to reward is $4. Nice trade. Good solid trade. If you get up tomorrow morning and say this is a Monday and what if you get up on a Tuesday, you have something that doesn't work. You lose one hour, but you're still up three for the week. One, if you get up on Tuesday and there isn't anything good to do at all, you go back to bed. No highly rated gaps. You're still up four for the week. This is where you're looking to get this kind of risk to reward so that you can cover yourself for the cost of trading, the commissions, platform, free easy, things you have to pay for. You have to get high quality trades with nice moves in here so that you can pay yourself consistently to achieve your goals. Actually, if your goal is $2,500 a week, you just made it on one trade. You would be very, very careful the rest of the week, or you could actually not trade the rest of the week. Now, I wouldn't do that because I like to look every day for something good, but if this is your goal for the week and you have a weekly trading plan, once you're up over $2,000, you stop, you could do that. If you make the one trade on a Monday, you're done. One, if you did, this is an advanced concept, but I'm going to go over this because I do this. I'll go back to the chart and show you. You take the original trade. You take the original trade 540. You do the out-of-the-second setup. This is kind of late to take it into an ad. Could have gone down to 475, 450. Anyways, you take more, you double your position. Don't get out of any into five. You actually add to the position. Okay? Now you have 12,000 shares of this. Your original position was six. You add six. You've cost average yourself in. It's above where your shop is. So your cost average is 527, stops at 525. Your risk is nothing. If the strength fails, you didn't lose any money, but if it fails, you didn't make any either. You stay in it to the drop of the next reversal time, does not go to 475, gets close. You exit at 490. Now you may actually weigh more than 2,400. You made over $4,000. The risk reward is terrific in this. Okay? Really, really good because you actually didn't risk anything by the time you did the ad. Okay. We have a question here from Morton. Sterling is the one that I use for actual entry order system. Orbis is what I use to make my chart decisions. Why? I like the charts. So I actually have two. Now I'm not saying you have to have two. Some people have two. What's that one that people use all the time? I can't think of it. There's something that people use all the time that they like. I forget what it's called now. I'm just having a blank here. I've never used it. Where they use because they like the charts, but then they use something else for the entry order system. And you can use whatever you want as long as it has charts to see the actual pre-market data, daily chart, one-minute chart, and you also need a level two to be able to take the entry order position and put in hard stops. That's it. Ninja trader. Yeah. I forgot. I've never used that. People love that thing though. So I, you know, use whatever you like. You have to know how to use whatever you use. DOS is another good one too. eSignal is a good one too. I mean, there are good platforms out there that have pretty, pretty charts. You've got to be able to see what you're doing. You also have to have fast execution. So if you're on something that has beautiful charts and you press the button and you can't take the trade quickly, well that isn't going to work either. So I found a happy medium. I got to have two things going on for myself, but you know, this is just because I've been doing this for a long time and then I've gotten into a thing where I just got used to one platform. For those of you that have been training for a long time, it's hard to change when you have something. You know how to use it. It's hard to change then. Sometimes you have to, you know, I've made it all work for myself. You can find one that does everything great. How long does it typically take if you do assessment on a stop? Well, now, I mean, I've been doing this for a long time. Six years is a long time to do one strategy alone, but I can do it myself in less than five minutes. If you are brand, brand new, it may take you eight minutes. It still should be less than 10. It's not like it takes you a long time. You're not rating every gap that happens. You are picking a group, maybe three or four or five or six that you like in the morning, and you are rating those and you are determining if they're good. And in earnings season, you do have a lot and we're in earnings season now. Now, in the in-between times and in-between earnings season, you may not have as many. You might only have one. You might only have two. I do it pretty quickly, but I don't do it quickly just to be quick. I really, really, actually, I take my time. Actually, to be honest with you, I could do it really, really fast. I could do it like, but I take my time because I want to make sure I'm not missing anything. I want to make sure like I really have conviction. I want to make sure I'm seeing it. I want to make sure that I like the thing that I really, really want to do it. And so I could do it faster, but I take my time. So I think for people that are brand, brand new, it might take you a little bit longer than five minutes, but it still is not going to take you a long time. Well, that's what I'm saying. I'm saying to go through the rating system. I'm saying to go through the whole shebang. Here, let's go back to the S. It might only take you five minutes. I'm trying to be conservative here because I don't know what people really know. It's so interesting. I come across so many different people. I come across so many different people. I don't know what people really know how to read charts when I meet them. I can't tell that when I talk on the phone with you. And I won't know that until you take the class and start to trade and ask me questions. If you know how to read charts and you take the class with me and you just grab it and get it and take hold of it, it's not going to take you that long to rate the gap. But if you really are not good at reading charts at all, Mr. Pengar, it might take you between five and eight minutes to go through it till you get good at it. But its practice makes perfect kind of thing. It's like riding a bike. The more that you do it, the better that you get, the faster you're going to see things. It's about your eye. I have a good eye. You are training your eye. This is the benefit actually of learning from me. Whether it's taking the class and trading on your own or taking the class and then signing up to trade with me every day in the live room, you are training your eye to look like my eye because I have a very good eye. I can look at that market right now. I'm just going to tell you this right now. I can look at the market right now and tell you that that market is going to run up to some crazy number in 2015 that's not even on the chart yet. That's how good my eye is. You can call me back in six months or you hear and see if I'm right. I just watch my YouTube videos. I have a great eye to see what something's going to do because of reading gaps. The benefit of learning from me as a live trader is that I have an excellent eye to see something. I can tell weakness and strength and I can see what it looks like by institutional positioning. I can read institutional positioning in the market. I'm telling you that this is new buying. That's why the market isn't extending. That's why the market isn't going to collapse. Institutions don't take hold of something with new money and sell right out of it. That doesn't happen. It makes no sense. I have a good eye and I'm telling you that this is new buying in the market. You can go along the market right here if you want to go along the market that could last all of 2015. This gap here in the market, this gap is red. This gap is not even green. This is a red gap in the market. It is not even green. It is a long that is setting up that could last and hold the entire next year. It's not even green. This is why you have to learn how to read institutional positioning to make money, especially if you take overnight, especially if you're taking longer-term trades and especially if you want a day trade consistently because if you are doing something that makes money and you're constantly back and forth, then what you're doing doesn't have consistency and it doesn't have consistency because you're not trading on the side of power and the only way to make money for the rest of your life in the stock market is if you're trading on the side of institutions that are not against you. I'll tell you who you're against. You are against other traders. Sorry to tell you. You are against other traders and when you are buying stocks that gap down or shorting the market like this, you're trading against me and I know what I'm doing. You are trading against other traders. That's where you're getting the money. There's always a winner and there's always a loser. Your enemy is not the institutions of the market. They're your friends. You won't get paid without them and you must be with them and you got to learn how to read it and if you want to make money for the long, long-term that you got to learn how to read institutional positioning and why are gaps a good strategy to train no matter what you do in the market because gaps are made by institutions and they are an event that happens to the chart a price event. Not every gap that happens though is significant but I can read the ones that are and for you if you're brand new and never do this before you use the rating system and that rating system trains your eye and it trains your eye and you learn with me to train your eye as well so you can see what really is new buying what really is selling what really weakness looks like and I'm telling you there's nobody that loves a short more than me nobody in the planet that loves a short more than me I've been shorting for six years in a bullish market and I could be going long and I'm not the market if it was weak I would tell you I would scream I would I would tell everyone in the world and they flock to me to the short and that could happen someday if I keep teaching but the reality is though that the market's not going to commit because this isn't really weakness nothing that happened back in here was and it 100% retraced it in less than a week in 100% retraced that drop-off in a week I don't have a scanner that I use for outside of the platform if that's what you mean Lewis is asking me about a scanner I just have the platform scanner and that's all I use so you could buy a scanner if you want to get something really fancy you could or you can just use free places on the internet to find gaps I mean there's so many things out there that tell you here here's one this is free this is free so you could pay for one if you want to I actually don't pay for a scanner now how many gaps to get per week I got off track there a little bit and we'll talk about the market here at the end during each quarterly earnings season you get three to five gaps or more during non-earning season you get three to five quality gaps per week so there might be some days in non-earning season you won't take a trade again you don't want to lose the object is to profit so you won't do anything actually didn't do anything today I didn't take a trade today it wasn't anything I liked it was one gap I rated 19 points I didn't do it and I'm working out at a 19-19 has a 50-50 chance of working or failing but it's not as good enough for me it's earnings season we'll have a thousand things to do Wednesday Thursday Friday I had a nice trade yesterday I didn't do anything today okay a quality gap is one that rates high enough to trade based on the 26-point rating system if it's under 20 you're really not supposed to do it you're supposed to follow the rules the supposed to follow the rules that I teach you in the class they are strict it's a trading plan basically if you know what a trading plan is my class is basically a trading plan you just follow it how does trading stocks work you can be anywhere in the world and trade the US stock market you don't have to be a US citizen to trade the US stock market you can open up a brokerage account anywhere in the world and trade the US stock market you have to have access to an online trading platform with a live level 2 data and charts that allow you to see pre-market data level 2 data and candlestick formations like I teach in the class how to read them but you can be anywhere in the world to do it in account and in a brokerage account that is leveraged and in a brokerage account that would allow you also to short stocks to take advantage of the ability to be able to short because you can make a lot of money on the short side and for those of you that have brokers with stinky short access you've got to look around and that is a motivation actually where you might make you have to change platforms because you don't want to miss out on actually not even be able to take a trade if you can't get the short but you can do it anywhere now let's talk about leverage leverage is used with small initial investment creditor bar funds to get a very high return in relationship to one's investment to control a much larger investment or to reduce one's own liability for any loss leverage is a great thing if you didn't have leverage you need dollar for dollar cost the stock and be very hard to trade expensive stocks and actually the market would not have as many participants it would be shut off only for the rich because you'd really have to have a huge amount of money to trade i'd say you'd probably have to have at least 100 200 000 even to trade right if you didn't have leverage but the fact is that we do have leverage okay so how can i use the leverage of my trading account to my advantage you are going to put stops in size yourself correctly know that if the trade doesn't work you only lose a fixed amount that's how you're going to protect yourself from losses and if the trade goes on to work the leverage that you have will help you make more money to take size in a position that you couldn't take if you knew the actual cost value of the stock you use something called money management and you're using stops to determine your entry risk amount like i talked about in the s the stock was only 10 cents that's actually a perfectly normal stop for that stock at that price point not too small and not too big just right and it worked and if it hadn't worked you would have lost what you lost in the stock people that do not use stops often do not use stops because they're afraid of stops don't know how to use stops i would never trade without stops i would never have and i never will unless i get to the point where i myself am an institutional trader and you can't use stops but the fact is that as long as i'm a day trader i'll always use stops for day trading if i do overnight you don't have stops which is still paper stops and i would have to honor those paper stops you have to have a set amount that you're willing to risk and lose and you have to actually be responsible about that if you don't put the stop in it's because you're afraid to put it in because you don't want to lose and you're afraid about the fact that you could lose and you can't be afraid of the fact that you're going to lose you have to have a hundred percent conviction of what you're doing is going to work and you take the trading you take the risk you put in the stop and you have to be okay with the amount of money they're risking if you're brand new risk 60 bucks 50 dollars that's going to be fine if you lose that it's not going to be the end of the world you have to learn how to do it you can't risk more than you're willing to lose but you have to be conscious of the fact that something could go against you really quick and if you don't have a stop in you could lose big time the problem is many people don't know where to put the stop i teach this okay i don't necessarily focus on low price stocks that's a good question robert i'd say i do gravitate though to be perfectly honest with you in trading stocks between a range of ten dollars and probably 65 those that that range between 10 12 15 dollars and like 65 bucks is like my that i live in that range i'm not saying i never do stocks a hundred dollars or more and i'm not saying i never do things under 10 will i short a penny stock no but that we're going to talk about when we're done here i can talk about a penny stock thing but i don't have like rules like i won't trade something under 10 or i won't trade something over 65 but i have found that you get the greatest risk to reward which means the size of the stop and the move of the stock because you can get two three four five dollar moves in stocks between 10 and 65 dollars that you know you can take decent size and them and you can you can get paid so you don't have to break the bank kind of thing trading stuff like amazon or price line to make money i know everybody looks at just $150 or something it's you know it's the risk reward is good and things that are good gaps no matter what the size of it is but you know you can't be risking 60 dollars you can't be risking 600 dollars i mean some of these stocks you're trading the stock might be three dollars four dollars so you know you really have to be in a very advanced level for your risk position to take stocks like that unless you can trade out lots unless you can trade out lots actually okay good yeah robin if you want a free trial email me here's my email robin has to go and i'm gonna carry on here if you need if you need to ask me any questions you can email me here if you would like a free trial now let's get back to what i was talking about here leverage leverage helps you make money if you know how to train leverage is a good thing if you know how to train on tells and traders use leverage and use it to their advantage why does you have to put up as much money okay everybody uses it leverage gives you buying power to take a position without needing the full cash value cost the stock to outright purchase it i mean if someone told me i can get away with xyz amount of money in my account with leverage i do it i mean obviously you know the you want to put up the least amount you have with the most leverage everybody wants to do that now you have to be responsible with the trade you're taking with the stop it but leverage is a great thing if you know how to trade great thing for example to short 6000 shares for example of s instead of needing 30 to 1400 in real cash at 540 a strike price the advanced trader only needs a leverage equivalent of position the buying power for retail account the sort of quaint 8100 dollars okay and for the beginner and intermediate trader with only 400 to 1000 shares obviously be much less now this was a champion but even if you did something like a 20 bucks or something same difference it's the very idea that you didn't need 32 000 to take that trade you only need 8 000 for example take that trade it's a big big difference okay four to one leverage huge difference so obviously if someone said well you can take this trade with only 8 000 dollars in cash that's a lot better than how you put up 32 000 in cash so leverage is a good thing and it helps you trade now another thing that helps you make money besides the leverage is the position sizing the position size you're taking a trade depends on the amount of money you choose to risk based on your level and i broke it down and i it is broken down beginner intermediate advanced and at the beginning everybody's a beginner even if you just you know even if you trade it for 100 years i don't care if you're new to gaps and you know what i do you have to start out for a couple of days or a week at least at the beginner level because you got to get into the groove of it you can jump up quickly if you're good you are putting your stop in the trades based on using your required monetary risk amount using hard stops means you're only risking that portion of money you need leverage and buying power and take a position but it has nothing to do with the amount you're risking on the trade nothing you are deciding on each and every trade you take what your monetary risk is and it should be similar or roughly the similarity to trade so you're not taking into a 60-dollar risk in one trade a 300-dollar risk another trade 150-dollar risk another trade if you're a beginner trader your risk could be between 50 and 60 50 and 70 40 and 50 you and every trade you take is the same it can't be varied this is another thing that people people are used to trading lot sizes if any of you are doing that now that's not the right thing to do you can't take a thousand shares in everything you do what if you take a thousand shares it's something it's a dollar stop you risk a thousand dollars and you only want to risk 200 no you can't do that you have to take less trading lot sizes doesn't work my my position size batteries and it could it could have a big range sometimes okay because sometimes i am trading stocks 45 50 60 some dollars and the stocks are larger okay you just never know in fact the one last week i don't remember exactly what it was that the a and f that wasn't a small stock actually was 30 some dollar stock but it wasn't a teeny weenie so you know you have to know what your actual monetary risk is and you're going to have to change your sizing based on that the only difference between a beginner trader an intermediate trader an advanced trader a size a trader cannot risk more money per trade and take size until they know how to accurately trade over a period of months however trading with size is the goal one play with size can make your whole week like like the s if you did the advanced trade in that did the ad if it didn't work you wouldn't have made anything but it didn't work you would have lost and if it worked and you did it you made over four thousand dollars and you that that's your week two or three great plays a month can actually make your whole month and this is the positive thing about gaps when you get things that move a lot and right now is prime time because it is earning season going back to the philosophy that i was talking to about earlier about trading stocks earning season is the time when people are watching the stocks that they love or the stocks that they hate or the stocks that they're in they have a personal investment in them they have love for them or hate for them they have heart for them it's earnings is they want to know what did they do last quarter was it do they have a good quarter do they have a bad quarter what are they doing it's prime prime time now to train for that reason because the stocks are moving there's volatility and volatility means you can get paid if you take the right position in the right direction now what do i mean here by training with size it's just really not that different 500 shares of stock it was a dollar is five hundred bucks if it drops about five thousand shares if you have five thousand shares it was a dollar you make five thousand and obviously if you have a huge size and something moves a lot you would never have fifty thousand shares or something but it's the point that a dollar is a dollar we have five hundred shares of five thousand and so the reality is that your goal is to really be at the point where you're taking sides you can get the move and stuff whether you piecemeal out of this or not also is up to you you are looking for stocks to have profitability and move and you often get things that have a dollar move you often get things that have more than a dollar move okay and that's why i like trading that range between 20 and like i said 40 45 ish do you pre-screen or identify the three to five gas stocks for the coming week um what i do do mr pengar is on the day before the actual end of the day in the trading room i will look at what's out at the night that's all that i do so that the only pre-screen that i would do is for the night before i don't do it that far ahead no i don't do that that far ahead you don't you don't need to do that i'm just worried about what i'm doing on the one day trading with size though is the way to make even more money okay it's the way to make even more money you you want to be able to make more money eventually over time again your long-range goal in a year from now five years from now where do you see yourself what do you want to do now if you break it down for pay rate per hour training gaps if you calculate your rate per hour i'm working for the money in for example sprint the beginner pay rate this person made $240 in 30 minutes that equates to basically 480 an hour that's a great pay rate and this is for the beginner for an intermediate trader he made $1200 in 30 minutes that equates to 2400 an hour for the advanced pay rate the person i'm not talking about the trade with the app i'm talking about the trade that made 2400 in 30 minutes that equates to $4800 an hour this is super now again it's just the idea here because you're not going to make you know $500 every hour of every day or $4800 every hour you're not working for hours but the point is the amount of time that you are spending is worth it okay you're getting paid a very high rate per hour of your time you're getting you're getting paid at the cream of the crop top top of the line is if you had a job where you for example if you were a physician or if you even ran a hedge fund or something like that okay you are at the top of your game when you are doing this to be able to make this kind of money in 30 minutes 45 minutes 15 minutes 10 minutes 5 minutes less than an hour anything like that you're at the top of your game okay so training with size successfully requires a plan again i use a 26 point checklist i don't pre-screen anything ahead of time i'd look for stuff that's happening that night in the room could you pre-screen things that way in advance of a week or something if you want to do that short maybe that's your trading plan maybe you do that maybe you're really really that organized and prepared for the week that you do like every Saturday morning you sit down and you look at stuff for the money through Friday the next week sure you could do that but i will tell you that even if you do that you will get stuff that happens and pops up that you don't plan and you still want to look at it you still want to rate them you still don't want to miss those good ones that happen unexpectedly now what if your goal is to do this to make a living to make for example you know and i'm putting this out there $100,000 a year on average to make $100,000 per year as an annual income trading gaps normal risk unit of $250 per trade is suggested once a trader is experienced with the system and good at holding the targets even using a $200 risk unit to achieve the school this is a conservative figure because if you do well particularly in earnings season where you get a lot of things to do you can do more than one gap at a time so like let's just say if you get up in the morning and you have two gaps they both rate 22 points they're really really good gaps actually there was a bunch of days last week this is the case you get really really quality gaps you can do them both okay they might not set up at the exact same time and even if they do you take money take the other you watch them both you do them okay get the stops in take them watch them boom it's a lot to go on but if you could take two trades and make this kind of money into things you do it okay you really have to take advantage of the good gaps when you get them and some days you get two or three they're all in a row and you just try to do as many of them as you can basically okay and a lot of times they don't always set up the exact same time as the other one so like you might get one that sets up in the first five minutes and the other one sets up like in the first 15 minutes and you're out of the first one and then you go to the second one you still have the second one okay so for example we were talking before about your goals know your goals why are you doing this what is your goal how much money do you want to make $500 a day is $2,500 a week that gets you to your goal of making 100 grand a year if you want to do this for a career if you want to make $300 a day that's a reasonable goal that still is 78 grand a year at $300 a day people complain they say oh i want to make $500 a day $500 a day just set your goal of $300 a day $300 a day if you can do that every day is $78,000 a year and there will be days where you might take a loss but then the real days you make more than 300 because they get a drop in a move and something that goes right to the target like sprint so it'll average out to be that this is an average $150 a day is so so reasonable i cannot even tell you that's $750 a week that's $39,000 a year again it still equates to an hourly rate that far exceeds what most jobs are and if you are losing now as a trader the idea of making $39,000 a year training and working 30 minutes a day really should not sound that bad you have to get to the point where you're profitable you have to make $39,000 a year before you can make $78 before you can make $130 this is how it goes that's why you have to have a plan of action that's why you have to be committed to learning is to understanding having the comprehension i talk about this all the time it's the comprehension what am i supposed to do with this thing am i supposed to buy this am i supposed to short this is a good one is a market coming in is a market rallying i don't know what to do you have to know what to do the rating system the checklist tells you what to do now i was talking earlier about working for yourself i firmly believe that this world is just not the same as 25 years ago or 10 years ago even five years ago before the bank bailout it's more than that now actually 2008 it's six years now since the bank bailout almost seven we're going what we think is a secure job today may be gone tomorrow and we can be great employees productive about going hard working it may not even matter to our employer in the end if the company can't keep you on if a company has poor management they might fail and it has nothing to do with you or your industry might fail and it has nothing to do with you you are a skilled person with a great mind and you can work for yourself in the market if you set your mind to it i firmly believe if you set your mind to doing this you can do it share willpower to set you in the right direction to meet up with someone like me for example that will teach you how to trade right you can create your own job security and you can create your own opportunity by taking it upon yourself to learn how to trade the market and not only that make money trading when you trade you have no box you work for yourself it's a good thing okay it's a great thing you work for yourself you know once you start to work for yourself you'll probably never want to go back to work for anyone else again it's you know you get used to it what can i say okay i'll never work for anyone else again it's it's hard to go back to that if you would have to so you want to make it because the idea of going back to work for someone else if you've been trading and at this you know it's it's hard to swallow then the idea of working for yourself and being your own boss is actually a terrific thing and also when you trade you work from home which is luxury particularly this time of the year now it's getting into the cold months it's winter in new york now snow will be here soon to be if i had to commute and get on that subway every day i first of all i'd have to get up even earlier than i do now to trade and you know it would be a lot of stress it'd be very stressful it's very stressful to commute some people have to commute not in subways but they have to commute they have to drive and they have to drive in snow or they have to drive in the traffic or in the freeways like if you work out in LA i mean it is very stressful to commute back and forth to work it's a luxury if you can work from home a luxury that i honor and am grateful for okay so you want to be serious about doing this so that you can keep these luxuries some of the luxuries are not just about the money some of the luxuries the convenience of working at home the comfort of working at home the idea that you don't have to work eight hours a day the idea that you don't have to work a boss have a boss some of the wonderful things about gap trading of nothing to do with the money and also when you train you can set your own schedule time off you want to take a three-day weekend you don't want to train on a Monday you want to take Saturday Sunday Monday like today is Veterans Day if you didn't want to train today yesterday you could have taken a four-day weekend mark it was very slow today and very slow yesterday it'll start picking up tomorrow now the holiday thanks for clothes today you could have taken a four-day weekend come back just straight Wednesday Thursday Friday you can make vacations for yourself do whatever you want okay because again you're your own boss this all has to do with the gap the magic of the gap that's what makes it possible to be able to profit it's the power of the gap that's what creates the huge opportunity in a very short time frame to trade these stocks so the idea for you to be successful if you want to do this and if you want to do this you want to be successful is to learn the right knowledge to make money trading and you know the last thing I want to say is that know that you can do it you can empower yourself to trade the market I've done it for myself the class I teach is called the golden gap course it's a complaint system to use to trade it's all the pieces of the puzzle together I teach the reading system that's the whole day of Saturday of the class charts the whole shebang it's whole one day and then I teach the entries and the exits port of resistance targets that's the second day of the class the class is called the golden gap course it is a full two-day course on how to strategically find pick-and-play stocks that are professional bearish gaps and I talked about the logs you can flip the points to go along if you want to do the bullish gaps retakes are free and the class is online the class is not this weekend but next weekend so it's November 22nd and 23rd from 9 a.m to 5 p.m eastern time the cost of the class is 29.99 I allow free retakes what does that mean like let's just say you take the class in November you train you want to come back in January retake it refresher after the holidays you can do it free of charge once you sign up for the class you can we take it as many times as you want to for free I feel that that's valuable for people I think it helps them get better okay if you're interested you can email me at melissathestockswush.com you want to get on the path of success and the golden gap course teaches you to get on the right direction because it's so specific now I am doing it look at that the central part isn't it gorgeous I'm doing a fall class deal if you sign up for the golden gap course by this Friday remember the classes next weekend by Friday the 14th if you want to do an early bird combo special this would be basically a bunch of classes you'd get you do the golden gap class the trends class the wealth manifestation class I'm giving November December free in the room I'm doing all of that for $34.99 to sign up by Friday the savings is $15.96 like if you paid for everything separately okay you must take the golden gap course to be a live trader in the live room you cannot sign up for the trading room separately why because this is aggressive I want you to do well I don't think anyone should trade gaps or follow or take my trades if they don't know what they're doing that's for your benefit and I feel that people need to be serious about the training and if someone spends $2900 or serious about their training they're committed to doing it but this is the biggest special I've ever had with the hugest savings here and it gives you a lot of information the deadline is November 14th for the early bird you can sign up for just the golden gap class next week if you want as well for the $29.99 and this wealth manifestation course just want to talk briefly about this I'm doing this in December if you get the combo you get this for free this is a class where I don't talk anything about charts it is a class really that has to do with your mind and how your mind works in relationship to money one of the things that I think that people struggle with sometimes when they trade to be profitable is they have they they're they've been through their ringer sometimes before people come to me and so they might have spent a lot of money in the market spent a lot of money in classes then they find me and now they're said I still believe in the market I still have conviction but my head is so screwed up because of the money I lost and other stuff you've got to get your mind back on track this class really helps people with that it's a training psychology course really that doesn't talk at all about charts but it's something that is very important to create wealth and success in your trading in your life so love your life love yourself and love what you're doing for a living I absolutely love trading I absolutely love the market I love my life I love myself and I love teaching people and if you want to learn more you can just reach out to me and email me and here's my information now does anyone have any questions at all anyone have any questions about anything that they didn't ask so far we did have a bunch of good questions here today I know we went a little bit over but we had some questions and I never plan what I'm going to say anyways I guess I went off on a tangent there about the market but does anyone have any specific questions as well about the market or about anything I talked about today or about gaps or day trading or leverage or anything or they want to ask me or any charts you want me to bring up a look at I'm here now uh it's called the stock swash just put in a youtube stock swash and I'll just pop it up and I will do a market video if I if I don't do it tonight I'll do it tomorrow about the market but the market's definitely higher I don't know if anyone's any specific questions about that or not and if you like a trial of the trading room just email me you can sit in on the room you know the rest of the week and email me tonight I allow people in the room for trials before they sign up for the class it's good for people to see how the gaps work to get a feel for to see if it's something they're interested in there for something that they want to do okay all right great thanks for coming everyone good group in here today good solid questions whatever a little bit but I think that was fine actually most everybody's state except for a few people had to go at 530 have a wonderful evening have a good night oh you just started 4x futures will this confuse you I don't think anything confuses you if you separate it out if it's different this is nothing to do with 4x futures this is so different from 4x futures it's not even funny so I don't think this will confuse you Mr. Pendergar I don't think you're gonna wake up with him all the night and confuse a gap with that if you were doing some stock strategy that was very similar to this maybe but actually I can't even think of any I can't even think of any that is similar to this gaps are so specific but that's completely different that's like really really different I think this is easy because of the fact that I'm so focused on the rating system the rating system makes it easy the rating system makes it easy I just go through the checklist every day and they got if it rates 20 points or more I do it if it doesn't I don't it's it's that simple for me if you are looking to do something consistently you have to have something broken down where you simplify it Mr. Pendergar said it appears to be easy that you have to find a way to break it down okay if you don't find a way to stay so focused on what you're doing what ends up happening is you get all sucked into the whole thing about making money and you get all nervous and stressed out and you're watching a million things and guess what you don't get anything right nothing works you miss everything that you think even though you like something you didn't do anything you miss it you have to be so focused that's the only way you get it right so you must make it as simplified as yourself with what you're supposed to watch so that you're able to get it okay the you have to put it into a process or a format and like I said my class is basically a trading plan and money management those up to you you have to decide how much you're risking I'm not deciding that for you but I break it down into three categories beginner intermediate advanced but I for me myself I did this and made this for a way to break it down to make it easier for myself because there's so many stocks that are in the stock market every day I didn't know what to watch any day and not every gap works in fact most gaps don't work the one day last week I counted there were 18 gaps I looked at I had a watch list 18 I picked the best two would you believe it I picked the best two of my top two washes of course you would believe it the people here that know me they both work they were the best ones you you really it's not every gap works so you have to have a way to hone it down you can't trade 18 things and if you did they didn't work you lose you only need one good trade to make money actually every day there's only about five trades per week whereas four times it's four x is a lot more trades per week well you know I don't like doing a lot I don't think more is better in the case of trading I mean you tell me what you prefer from my personality I'd rather have one nice trade to be done I'd rather have two nice trades to be done the more trades the more commissions the more you're at risk I think it's but less is more less is more for more profit I know that sounds crazy but it's true less is more the less trades you take the better quality the more focused will be the less risk you are and the more money you're going to make and the less commission costs you have um I'm just looking at the overall trend of things as far as I'm looking to say whether something is a long or a short if you're talking about the shout out letter and I'm giving targets for example so the the longer term letter is something where you know you when you when you're taking over nights it's not that specific it can't possibly be unless you're trading live with me RT so for example if I'm doing a a letter and I'm saying the targets okay that means you can take a position in that long or short if you want to go long or short something and you're looking for this target you're going to have to determine your money management of the size of the position based on the stock where you're able to get it because the fact is it's not a millisecond minute type of thing that you're going to be able to get and it should never be looked at that way for longer term trades anyways do you know what I'm saying if the entry is there it's there you're going to get it when you get it inside yourself based on when you would get the letter which I try to get out as quickly as I can see something but you know I can't like drop everything and send a letter and that wouldn't make sense anyways it's these aren't day trades these are not day trades these are ones you want to get you want to get them within the reasonable time frame depending if you're looking for a swing or a longer term but it's not about like for like the sprint where you're doing a 10 cent stop or something you know what I mean yeah I mean you can call me and talk about that if you want to email me mr. pengar about the if you want to talk about that I I don't know how heavily committed you are to that I don't know how much you love it I mean again it's the conviction I have so much conviction and gaps when I decided to do this I had no idea how good these things work I've been doing this for six years and I every year I'm more conviction more conviction more conviction I'm seeing the follow-through in them I'm seeing the way I'm reading the market and seeing the way I'm predicting the market the way no one else is doing I have so much conviction what I do I can't even tell you this is the reason I'm still teaching this stuff because I'm so passionate about it and I love to train I have a lot of conviction in the strategy that I train and I teach it well as a result of that but you have to have conviction in whatever you do I don't care if you for futures forex options whatever you have to have conviction in the manner that you're trading the strategy that you're taking you will never get around the fact that you are taking risks you just won't the only way to kind of balance that risk factor of your own money because it is your money it's your cash and your and I don't care if you say well I can go I can do it with someone else's and use their money it doesn't make any difference you're not going to get paid by those people and you're going to waste your time if you lose their money too you have to have the conviction the more conviction the less stressed that's why I'm such a firm believer in this conviction if I have 100 percent conviction that I don't feel the weight of the stress of the risks that I'm taking and it allows me to do it and allows me to do the one-minute chart allows me to take an advanced risk and allow me to take the train and that's it I take it and I have the conviction and if you don't have conviction of what you're doing it's really really hard to take risk because there's no way of getting around that and there never will be and if you don't take risks you're not going to make any money so you have to take the risk or you won't profit it's like you can't have one without the other the webinars what webinars do you mean RT you're here you're here at the webinar you can attend the webinar as I invite people I don't know what you mean by webinars uh thank you for the invite you've built a business strategy around using the forex as a debt service vehicle for various business projects you'd love to talk to me get your input yeah you can call me here's my number I don't know where you are this is my phone number if anyone wants to call me I'm in eastern time zone and here's my email again okay good job great questions email me if you want information more information email me if you're interested in the combo special it's great savings you could trade then with me the rest of the year learn the gap class you'd be all set to go know everything you need to go into 2015 which I think it's going to be an extremely bullish year but good still for the shorts I'll say this one last thing I'll everybody go if you are good at spotting weakness in a bullish market you have huge potential to profit because people are going to dump stocks that are not performing when the market runs and things aren't following through correctly you need to know what that looks like to be able to profit from it not everything will be short of all that gaps down but if you can spot it it can have huge potential for a big run to the downside people will dump stocks that are non performers in a very bullish market we're still in a bullish market but I'm telling you my prediction is that our way I'm reading it it gets even more so I don't know what you mean by the webinars are you lost me RT webinars I don't do any other webinars besides the ones I I actually invite people to occasionally I might do a lecture you know this is so new here now this letter I might do something where I would talk about something where I would do a lecture I talk about it but if I did everyone that was on this description would come to it right now I'm not doing any other webinars that nobody everyone that is on my list gets invited to webinars there's no webinars that are not people aren't getting invited to I don't know what you mean I might do something where I talk about something as this goes on and progresses but if people were on the list for that they would get invited I have there's nothing that I'm doing right now with that because it's just started I don't know what you mean if you mean the trading room are you talking about the trading room people that subscribe to the trading letter the trading letter is something different from the trading room I don't know if that's what you mean there's no webinars that you don't get invited to if you're on my list or you wouldn't have known to come to this the online class is a paid class that anyone can pay and sign up for if they want to learn and after you take the class you're eligible to sign up for the live trading room which you can be in and see every day because I do the ratings and I put the numbers in the room every single day now there's some people that come to the room do their own ratings do their own numbers verify them with me and take the trades then there's some people that roll it event roll into the room at 915 and then just look at my numbers and do it so you know even though they did the class so it depends where you are in the planet you know the time zone that you're in some people come into the room it's very very late for them they're far far on the opposite side of the planet some people are it's very very early they're on the other opposite side of the planet one gentleman in the swine he's really far then I have someone else it's in china very far as well so you know you do what you can do depending on where you're at in the planet the room is a support system for you to get along quicker faster to make a faster progression but there's no webinars that you're not invited to our team you're on the list there's no secret webinars as I say louis is asking is there additional charge for the room yes the room is $250 a month even after you take the class that's why I have this special year that's why the special is good because the room for november and december is worth 500 bucks and I'm giving that away for free with this early bird I'm giving it away for free with the early bird so yes if you're following my calls and taking my train so the room pays for itself above and beyond which is why I have people paying for me the room so there's people that took the class paid for the class that are in the room and paying to be in the room why because the trades that I'm calling are good so you know and you're learning from me so I do teaching in the class are the room as well as called the gap ratings and the entries and the targets for everything but yes there is a cost above for that but I'm doing a special right now if you sign up by Friday there's also I actually have the annual subscription the annual subscription say it's 25 percent that's a huge savings too if you do the annual subscription for the year still have to do the class to do that but that saves 25 percent and again if you're committed to trading you'll sign up for the run for the year you'll you'll sign up for the run for a year if you're committed to the trading I have a good amount of people that have done that they want to learn from me they want to be for me they want to understand gaps I think over time you get better and better and better if you're doing something that works you will get better over time and as you get better over time you'll make more money over time you have to have a plan of action for what you want to do you want to be profitable you want to do something that works it has to fit your personality your lifestyle okay this fits my personality it happens really quickly that fits my personality I don't have a lot of patience it fits my lifestyle because I'm an early morning person I get up really in the morning I'm done early in the morning have the rest of the day to myself so and I also don't like to work for anyone else I'd like to be my own boss so that fits my personality too you have to know yourself like what do you like to do and stuff and and I and I like trading for many many reasons but it's not just the money that you can make okay and as I pointed out there's different levels that you could be on with this you could go so many different places with this and actually if you learn how to trade well and say you don't like working from home say you're bored you feel lonely you like to be around people you'd like to work in an office like let's just say that's you you learn how to trade you could go work for a trading desk someone could hire you you could go work for a fund you could go do something else with this do you have any idea how many people have no clue how to do this stuff I mean you get good at trading you can write your own ticket you can do a lot of different things so you just got to focus on getting good and you could end up going to work for someone someone could hire you to do something substantial and pay you a salary if you know how to trade well for something that has a salary with a bonus kind of thing if you make good calls and can see what things are doing you could become a stock broker something else actually I could do there's just so many things you can do with a market everyone wants to make money the market there's no one that doesn't want to make money the market there's no one that's not interested in this rich people poor people everyone you know everyone loves the market so your commodity that's the best way I could describe it you you yourself could make yourself a commodity if you actually learn how to trade well because there's not a lot of people in the planet that know how to trade well and there never will be that more that know how to trade well than not okay there will there will always be that it will always be that there's more people that lose and less people that win it will always be the case okay so keep that in mind you want to beat the people that win all right have a good night have a great night everyone thanks for coming thanks for staying good group here tonight email me I'm Melissa the stock swish.com where you can give me a call I wrote my number in the room have a great evening you're welcome you're welcome Philip I hope I answer your questions RT if not email me and I will talk to you later have a good night