 Hello everyone again and welcome to the new folks that have just joined us Carol Phillip Demo Arbery and others This is online Trader Central. We'll be starting promptly in just three minutes three minutes start time everyone here at online Trader Central You host presenter Melissa Armo with the softwish.com is here with us here with us today We have a bunch of folks that are already registered and we have they're still banging the server There's more people are registering as we speak Start time now in just two minutes two minutes start time here at online Trader Central. Thank you everyone again and welcome. This is Kevin 24-7. I'll post my contact number for you there. You have any questions about hot com or online Trader Central Please give me a shout But if you have any questions about creating you want to contact the good folks at the softwish.com and again The host presenter today, Melissa Armo is presenting in just two minutes start time two minutes here at online Trader Central Thank you again everyone and welcome Hello everyone and welcome it is now exactly 430. Please put your hands together and welcome our host presenter today from the softwish.com We welcome softwish CEO and founder. Please welcome Thank you so much Kevin and welcome everyone my name is Melissa Armo and yes I own a company called the stocks wish LLC Today is very exciting because we're going to talk about Making a hundred thousand dollars a year trading gaps and as I speak I just was looking at a gap That's happening live right now at 431 eastern time in Netflix a gap that I actually called to gap in the direction of the gap So when we're done here today I can review Netflix and we can all go over to my live training room because we're gonna not have time in the one hour Today, but if you want to stay to the end I'll have Kathy send us all to my training room and we can review Netflix in the gap It's happening live right now in Netflix, which which I called and so today you're gonna learn about gaps I consider myself a gap expert so much so that I'm now calling gas before they even gap and This is one of the exciting things about when you learn how to trade gaps is you can predict price movements In the moment and as they're happening in the gap If you'd like more information, you can feel free to go to my website www.thestockswish.com Kathy'll put the information there in the room And you can also email me at Melissa at the stocks wish calm and go to any one of these places the social media I'm all over social media. I also have a lot of videos in YouTube where you can go and see previous lectures there as well and Kathy you put my email in the room there too. It's Melissa at the stocks wish calm So today we're going to talk about you you and your life what you're doing with your job How much money you're making right now in your job and what you're doing with your time? Are you in charge of your time during the day or do you feel like you're a slave nine to five? You might be working a regular job a salary job or a type of commission job Where you get up every day and you feel like your job is just a grind Are you in charge of your finances or do your finances control you meaning you feel like you can never get ahead? That you're not in charge of what's going on in your financial situation that you're constantly constantly up against it Who's in charge? You are the money. You are the one that has to be in charge And what would it take for you to be in charge of your time and your finances? What would it take? Okay, what would it take for you to be in charge of your finances? What would it take for you to be in charge of your own time and what kind of career can offer you financial freedom and personal freedom and A chance to be in charge of your day and your life how much money do you need to make to have financial freedom again? This varies from many people usually it's around over six figures a year at the least at the minimum And what would it take for you to feel successful in your own life? How much money would that be? I think it's very important to be in touch with that to know to actually be able to state it How much how much would it take here? This is a closed-off chat right now everybody answer me How much money do you need to make to feel like you have financial freedom you're right in there? It's totally secret nobody's gonna see the answers but me and I don't know anybody here write it. Tell me right now This is for you. Do you know how much money you need to make a year that you feel like? Oh, you know, I'm finally doing it I'm getting ahead No one's saying nobody knows nobody has any idea how much money they want to make a year Is anybody there a Million you have to make a million Steve Okay, good answers 150 120 these are good answers Steve must live in New York for LA $100,000 that's perfect. Okay So you got to know there we go 150 very good mj. That's what you need to know be in touch with it It's you you yourself You need to know exactly how much you want to make and how much money that you feel like you're making that you're in the driver's seat Okay, what a hundred thousand dollars a year job put you in the driver's seat. Well, it's a good start Okay, it's a good start to feel like you're in the driver's seat of your own time and your own life and your own finances And what kind of job do you have to do to make this? Well, it's training. This is what I'm gonna talk about I mean, this is what I'm here today to talk to you about it's training training stock market Try the stock market can provide an income for you for a hundred thousand or more and and honestly And it's funny that Steve said a million dollars a year because if you're a good trader the sky's the limit for you The benefit of trading is that it's really not a full-time job trading is a part-time job and It's one you can do from almost anywhere in the world and one you can do from home However, many people attempt to trade the stock market unsuccessfully if you've ever tried trading before and you're here today You might be aware of this. Why do they falter? Can it be done? Is it realistic? Realistic, okay, and what do you need to do if you want to make it? Well, what method can you use to trade the market to make this kind of money? It's gaps and gaps are a method. It's a methodology. It's a strategy that I use to trade the market And they're lucrative because gaps offer momentum and volatility on the live trading day And as a trader you make money and volatility For example, if a stock moves a dollar and you have a thousand shares You can make a thousand dollars if you short the stock at nine dollars and you have a thousand shares and it drops down to eight dollars That's a dollar profit. That means you would made a thousand dollars profit And if the stock was two dollars and you have two thousand shares for example You make four thousand dollars as a trader you only make money on stock movement and to get the movement You need to get the direction the trade right and the pick correct to get the right stocks that move Okay, because you're not going to make any money if the stock doesn't move And then moves like a penny or two pennies three pennies five pennies That's not going to be profitable for you as a trader. You want something that moves? So how are you gonna find these stocks? How can you do this? And more importantly, what is a gap in the first place? What is a gap and why do they work? Well, here's the definition of a gap Okay, a gap is when a stock closes at one price today and opens at another price the next trading day Now I was just talking about Netflix Netflix right now live tonight is gapping It's gapping at a different price right now 437 than a closed at four o'clock eastern time And again if you stay after today, we're gonna talk about Netflix. It's got gapping. It's gapping up Okay, it's when a stock closes at one price at four o'clock eastern time with market closes and is opening at another price The next trading day, which would be in the morning tomorrow at 9 30 a.m I gap is a break in price from one day to the next gaps work because they are price event in the life of The stock and they are demonstrative show price that makes volatility gaps are created by institutions and institutions move the market What I mean by institutions hedge funds banks Large large positioned traders Therefore you want to play in the side of institutional money positioning because they're the ones that move the market They're the ones that make the market. They're the ones that are making the market go higher Okay, it's it's it's not traders little tiny traders not even a mass of them that can make the market If I had a thousand people in my live training room and call to trade at a certain price and we all shorted it We wouldn't make the stock move. It's institutions that make stocks move Here's an example of a gap Actually, this is bbb. Why here I misspelled it. It's bbb. Why anyways this closed up here the night before This was back at the beginning of April. Okay somewhere around like 68 something and it opened the next morning down here Like around 63 something so this is a gap now. I'm gonna show you here right here I'm gonna show you who this was the gap happening live. I clip this when I was watching the gap happen live at night Okay, so this was happening, but you don't see this here. Let's go back So here it is. It's closed four o'clock then it opens the next day here at 9 30 But this is actually the gap happening live and I clicked it to show you here to put it in the seminar This is actually what was happening here what is happening is bbb. Why is getting sold off and or shorted? Okay, it's really getting lots of selling in here that was making the stock gap down And it did get down and it still today is holding this gap. This chart is lower Okay, so this is a gap and here you're seeing it live Okay, which you wouldn't normally see if you looked up a chart right now. You wouldn't see this I picked took a picture of this you could see it live here. This is happening after hours. Okay, that's when gaps occur So gaps are very very useful. This is a chart of JCP. They're useful because we're gonna talk about JCP today You could have traded this for three four or five days in a row I mean JCP is one of these charts you could get up every morning and look at JCP and decide if you want to trade it I'm literally because it's such a nice chart But it's useful because you can do a trade for a day trade You could do JCP right here this day or you could get in JCP and carry it through into a date Trade from a day to swing to core trade You could still be in JCP short to get it down to a bigger target here now Or you could have done it for three four days and do a swing trade So it's useful in the methodology that you learn in gaps because you can swing trade them day trade them and core trade them Some people don't have time to day trade and set the computer in the morning But they could take a position get in it as a swing trade and then go back and look at it in a couple of days And see if it's at the target That's something that people could do even if they have a job right now And they want to transition into becoming a trader or if they don't even want to become a trader They just want to make extra money per year on top of their job people can swing trade So gaps are practical. They are practical. Why why do they work so well and pay so well? Why are they practical in the first place because as I was saying earlier, they're created with large institutional money That's what is making the gap like you saw in the BB why like what's happening right now in Netflix The professional gaps that happen and play out in stocks are formed by one thing and one thing only large institutional money 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 that the large institutional money is on your side The side that you want to take the trade in and then you play it gaps are an event and create a sense of urgency Which we do gotta do something we have to do something right now It's a sense of urgency that's happening when the gap is created and in action Therefore is being forced by participants of the stock people that are ready in that trade. They're in the stock They have a position. They're in it. They're in it as a court trade. They have to do something now It's gabbing. What should they do? Are they up? Are they down? They have to decide and this is why gap training is incredibly powerful Training gaps is a practical way to trade because you're trading on the side of institutional power and that makes sense It's common sense. I'm ever ever amazed at people that want to train this market lose lose money and then say Oh, I don't know why I lose all this doesn't work. Oh, you can't make any money trading people do things that are Absolutely no common sense. The fact is like negative common sense Do you want to try to be successful? Then you got to be something that works and it has to make sense It has to make sense and make sense to trade gaps on the side of institutional money and make sense in the first place Another reason that gaps are great is because they are consistent Okay, they are consistent as a methodology to trade meaning you get them almost every day There are times in between earnings season where you may not get two or three We get two or three days a month where you don't get any good gaps that meet the criteria But for the most part if you look at the whole calendar year from January to December You will get many many many many many many gaps. Okay, so it's a consistent strategy that exists in the market You're not going to get out five days a week and not find things to do and some strategies you may not have every day in the market Gaps are also very profitable They are profitable due to the risk to reward payouts for every dollar you risk in a gap trade You should be looking for a target to make three dollars per one dollar risk meaning if you risk a buck You should be looking to make three bucks Okay for dream targets the risk to reward could be five dollars to ten dollars per trade Which I mean five times the amount you risk if you risk a hundred dollars you make five hundred It's a dollar times the amount. That's how trading is day trading or trading the market. It's not the same as A return on investment looking at percentages. A lot of people don't understand this. It's about risk to reward I'm risking this dollar and my pale is going to be this dollar. Okay, which actually if you do look at as percentages is really 300% I hope everyone understands this and if you don't ask me It's not about getting a percentage per year. Okay, this isn't like a savings account or a money market account trading Isn't the same thing it makes sense to trade a strategy that will utilize and maximize your cash profits as much as possible Which gaps do and this is due to the quality price entry and momentum moves involved as I was talking about So let's talk about this is making a hundred thousand dollars a year realistic And how much money do you need to risk to make this? Well, it is realistic because if you look at the whole of the market there's billions of dollars that run through the market and So to make a hundred thousand dollars a year is one individual. You're just taking such a small small piece of it Okay But in order to make this kind of money consistently Consistently if you will take an advanced risk now I'm giving a range in here a range of advanced risk Which is three to five hundred dollars because not every day will you exactly make three risk units? Sometimes you will risk a dollar make two and a half dollars Sometimes you will risk a dollar and you will make four and a half dollars. It varies But it's an advanced risk that you would need to take now I suggest starting at a beginner level of fifty to seventy five dollars per trade then an intermediate level a hundred to two hundred and Then move up the advanced risk after you prove that you're profitable know the system in each level And there's no time amount you have to stay at this level. There isn't any rule everyone is different Some people pick up what I teach them so quickly. Okay, some people take longer So I don't know where you're at with your knowledge if you're brand brand new Sometimes I teach people that are brand brand new and they do great because they have no baggage from their past about ever training I'm losing money in the market and then there's some people, you know that take a little bit longer So it's up to you, but there isn't any time amount. You'll know I suggest increasing your risk by fifty to a hundred dollar increments each time you do If you don't jump from like risking a hundred bucks to all of a sudden risking four hundred that would be not make any sense Okay, you chunk it out upping in a little bit each time as you're progressing and doing well So a lot of times I can ask this question about how much buying power the trades take for example Well, the leverage that you receive from a broker is the amount of buying power You have available to you to place your trades most gap trades will have stocks in the five dollars and seventy five dollar price range I mean I saw them have been a three dollars and I've had good moves Occasionally there will be a hundred dollar price stock that gaps that is good meaning a good gap that we'd want to train Most of the stocks are in the medium range of twenty to thirty five bucks And and they have great moves of a dollar three dollars or more. So this is a good range That's not too expensive not too pricing and with a reasonable size account You could take good positions in this medium range to twenty to thirty five dollars So for example a thirty five dollar the strike price of the stock is thirty five bucks, okay If you want to take two thousand shares that would mean you would need seventy five thousand dollars in buying power to take the Train in order to just get in it. Okay, this is not seventy five thousand dollars cash It's seventy five thousand dollars in buying power now What is buying power that is the amount of power that you have to purchase the stock or short the stock Okay from the broker that the broker gives you and it's based on your cash level position Buying power varies So you have to determine where you want to be at with this But my point is that if you're looking to train gap successfully You can do this and take two thousand shares of a thirty five dollar stock price point and You all you need is seventy five thousand in buying power and that's really not that much a $20 stock price we want to take four thousand shares and four thousand shares is an advanced position size to take You'd need only eighty thousand in buying power to take the trade again. That's very very reasonable It's not like you need a million dollars buying power to take these positions. You don't okay a Regular person can do it Five dollar strike price if you take eight thousand shares and eight thousand shares in advanced position advance You'd only need forty thousand in buying power to take the trade Okay, so again, this is very reasonable because gaps happen in a rain wide range of stock prices And I also suggest that no one should be taking trades no matter what they're doing in a high price stock point Over a hundred dollars if they aren't an advanced trader meaning they've been training for years and really are familiar with the stop So for gas there's lots of gaps that move and a very good not so expensive price point that you can take good size positions If you are willing to risk three to five hundred dollars a trade and take it to make this kind of money now Also, I get this question about trades per week and per month. Well and during our own season during earning season There are gaps every day. Okay, there's gonna be gaps every day in earning season It's earning season right now and you can have as many as five good ones a day During earning season because sometimes there's 30 50 gaps every morning and night or more even this doesn't mean looking at 25 or more a week now. It's my personal preference. I'd like to do one at a time to the most This is my personal preference. This is something that I necessarily teach people But I think if you're risking an advance amount you should focus on one stock symbol a day two at the most Okay, I found that when people are successful the less is more kind of thing and reference to accuracy and Focusing on what they're doing if you're in ten different stock symbols or five on at any given day The chances of you having a highly lucrative day are slim odds The highest best most profitable days you'll ever have is when you get one thing that works amazingly well Okay, and you may take two trades in it In non earning season some days you may not get any qualified gaps like I was saying earlier And then maybe two or three days a month you won't do anything But this is normal and if you're disciplined, that's the right thing to do So what system teaches you how to train gaps? Well, I developed a system that I called the golden gap. It's a 26 point rating system I used to pick which gap or stock symbol I will train each day. I I developed a system myself to pinpoint directional bias It accurately reads the price action of institutional money positioning stocks Which as I was saying earlier is one of the very practical reasons to trade gaps I developed a system for myself to find a way to accurately read how to trade gaps because I realized that there Was so much out there about gaps that was inaccurate and trade the system myself And it is all that I trade I have a high level of conviction in gaps and I've been training them for over five years now five years They seem like a long time, but in the life of the trader and in the life of any human being. It's a sneeze Okay, I am an expert in what I do and I've only been doing this for five years But it's all that I do and I suggest that if you wanted to make money in the market You become an expert in something if you want to be successful. I mean I have people some person emailed me yesterday They've been training for 12 years and and they're not successful Some people have been trying to trade the market successfully for 10 years or more So five years is a sneeze. I've really got something here. Okay? Gaps are very misunderstood by most traders and teachers. They teach the wrong thing to do They actually teach how to trade gaps in the incorrect manner So think about what I'm saying here Interestingly enough gaps are actually the highest level of a full understanding of price that exists in a chart And this is why I'm able to predict stock movements before they happen Targets and advance way in advance and including the moves to the market I've been calling the market very well, and I called Netflix tonight So, you know, how am I able to do this because of a high-level understanding of Reading price and how did I become good at reading price because I am good at reading gaps So the benefit of trading gaps is not only making money trading the gap itself in the strategy as a day train But also as a swing or core trade and understanding price and how price reacts to things and what to do with it Whether to take a position off whether to take a position on whether to do nothing at all A lot of people understand why you're not shouldn't do anything at all and there's days to do nothing How long will it take you to learn the system if you want to learn it you want to learn my system? We say yes, I want to do it It's up to you if you are committed and you want to do it I love when I meet with someone that's totally passionate about trading Takes my class and is committed. I had a gentleman to call me of the day. I haven't had time to call him back He did the class. He's training by himself and he Took his first trade and did very well, and he's totally excited So, you know, it's one of these things where I don't know how long it's going to take you to learn it But I'm here to help you learn it and if you need help I will answer your questions for you. You can call me. You can email me. I'm not a stranger to people that generally want to learn I want to help people to be successful Learning something that is practical and effective is important in a trading system So what is a golden gap system and how do you use it? Well, the golden gap system is a 26 point professional bearish gap rating system I predicted Netflix, which is a bullish gap because I know how to read bullish gaps just as well as bearish gaps So what does that mean? It means if you learn the reading system You can flip the points to do bullish gaps as well The purpose of this system is to help you evaluate which gap to trade each morning using a checklist I go through the checklist every morning 1 2 3 4 5 6 7 8 9 10 I go through it every morning look at 26 points the golden gap system works because it looks at a larger time frame on the Daily chart of a stock to analyze the directional bias on a larger time frame But I'm trading the stock on a smaller time frame the quality and high success rate and the risk to reward comes from choosing the Right stop to trade and getting the entry Correct getting the directional bias comes from the 26 point reading system Then I'm taking the entry and a smaller time frame on the one-minute chart Which I'm going to show you some trades here in a moment Using a 26 point checklist to trade helps you define what you're going to do before the market even opens Otherwise you're sitting there at 9 30 scanning looking for stuff to do and by the time you figure out what you want to do It's 10 o'clock and you haven't even placed your first trade and the stock probably has gone 30 percent to the target Whereas I'm already probably out of a piece of my trade by 10 o'clock or the whole thing because I determined before the market Opens exactly what I want to watch in the day through the rating system Which directs me what stock to watch and I take the trade so the rating system Tells me what to do and I get the set up into the open and then that's the confirmation of the move So the philosophy behind the reading system is to get a high probability of directional bias for the entire day many These stocks move the entire day big moves of the day again You want volatility momentum to make money as a trader early confirmation the bias Meaning is set up in the first 30 minutes of the day and precise entries with fall through and a good risk to work Like I was talking about earlier You want to be able to risk a dollar to make a minimum of three some days. You'll make two some days will make four It should average out to be three and some months will have extremely good months Will you average more than three why because maybe you had a running season you had a ton of gaps You also had a high level of conviction. They would go to their dream targets and they did okay So there are months where you will definitely make more. Let's examine some trades and how the money can really add up For you and gaps now. Let's look at JCP. This is day one JCP First of all, I knew JCP was gonna gap down Even after it gapped up now JCP gapped up it gapped up. This is a gap up It closed here at around five something gapped up to seven fifty or whatever This was back at the end of February Gapped up again. How does second gap up? This is the beginning of March, but I knew JCP would gap down What are these days and I kept watching and watching it and actually there were some people in the room They were really scalping us and watching it and really on this thing every day and it finally did get down here Okay, this is in April. This is April 11. So this is a day one JCP. Here it is. There's the gap If you wanted to trade days JCP, this is a one-minute chart This is the first day that it gapped here on April 11 You could have traded this stock this day and you've been watching it for the last two months or whatever last six weeks Waiting for it to gap and then it did Where's the entry time entry was a 950 price was 804 stop over 811 It's a seven cents risk. Okay. Look at the risk in this on 8,000 shares It's five hundred and sixty dollars exit 762. This isn't some massive move either. Okay This is JCP. It didn't move a dollar this day. It can it could it could have it didn't but this is a very nice trade with a High-quality entry and good risk to work. This is a six-hour trade Why because of the entry price and to put the stop at the right place Here's the entry on this right there. You short it and you take it on down and the exits here so the whole trade is done literally in 40 minutes and If you take an advanced risk Okay, a five hundred sixty dollars. You could have made over three grand now. This is JCP day one Now you're still watching JCP. Why cuz JCP did not get to the target this day good trade excellent trade Good exit didn't get to the target. You're watching it. You're stocking it. You like it You watch it the next day JCP day two JCP day two had a beautiful short in a day two and actually this was a really good call because it didn't even Actually, this did not even gap I just saw this enter here in this day here This is just again reading price here that I got this short on this day. This is in the 14th JCP I squished this together here so you could see the whole move of this stock. This is a one-minute chart, okay? JCP open fell out of the sky read the price action here decided it was gonna work that day and shorted it short here And JCP is here and actually give us a big stop all the way up here in the day of it I gave it a cushion and it fell off the planet now This is what I call a continuation gap really because it didn't really gap the day of the gap But it worked and continued what are we looking for? We're looking for continuation to the target now good accent on JCP this day But still didn't get to the target target was $7 in JCP So if you trade a JCP day two and she was 941 price was 784 to enter the stock stop was over 795 so again here we are JCP if the price of stock is $7 and 84 cents And you want to take 5,000 shares how much buying power do you need how much buying power do you need anybody anybody know this Here I'm quizzing you now. This is simple arithmetic But you got to know this to be able to know if you can afford to do this does anybody know anybody want to guess anyone alive There's already watching Netflix how much of the stock price a strike price of 784 you want to take 5,000 shares How much do you need buying power? All right, I'm gonna tell you since nobody's answering thirty nine thousand two hundred dollars Approximately, okay, depending where you get filled. That's how much you'd need not in cash, but in buying power Okay, which is really not that much. It's less than 40,000 Exit 755 total profit 1450 nice little trade 2.6 hours good train, okay And a day that it once again didn't go to the target, but you're watching it watching it watching it and now we have day three day three Finally gets going and gets down to the target. This is an April 15th and This was a nice move here in JCP day three, okay? You can see here with stock felt the planet into the open tried to rally made attempt couldn't do it drop tried to rally again Here's the short in JCP and I showed you the whole move all the way down here It got within four cents of the target and went to 704. This is day three three days in a row. You're trading JCP Entry time is 952 price. You're shorting a 750 stop was ever 758 again eight cents 7,000 shares if you're risking 560 bucks Now this piece filled out of the exit and you can do this actually with any of the trades You could get the stock get in the move get a drop down take a little bit out Let it rally back lower the stock let it drop down take a little bit out You can do whatever you want to do tell the profit. This is 2610 again a nice nice day All of these days are common days where there's a comma in your P&L risk to words 5.4 Okay, really nice trade. So what's the moral of the story here in just three days in just one stock symbol and just JCP okay What kind of money could you have made if you took an advanced risk and now I'm using $550 here. I said it could be from three to five But the JCP risk on day one is 550 JCP profit 33 60 JCP risk day two five fifty profit fourteen fifty Day three five sixty profit twenty six ten. This isn't even holding the whole position down Total risk total amount of money in three days that your risk in the stock actually is one thousand six hundred sixty dollars now Again, this is advanced But the total profit is $7,420 so the risky word here is actually more than three if you took all three days of trades properly and Not only that this is $7,420 in one stock in three days in a month's time. There's 20 trading days in a month This is only three days and only one symbol a hundred grand a year is approximately eighty five hundred dollars a month so if you Traded JCP for three days and risked an advanced risk You could have almost made your goal in a month in three days to get to that level of a hundred K a year and You may not trade the rest of the month if you want to go on a vacation Or you can because there's 20 trading days in a month and this is only three So you see that this is very very very realistic. Okay, this is realistic. We're not talking about crazy numbers Somebody sent an email to me. I'm all in all these email lists about making a hundred thousand dollars I don't know what it was. It was a hundred thousand dollars a day or hundred thousand dollars a week or hundred thousand dollars a month I don't know what it was. It was some crazy number that again is possible Of course, you can make you can make as much money as you want as a trader But it was a crazy number to make as one individual in the market I don't remember what the person was doing. I don't remember what it was But it was something that was crazy. Okay as one person to make Trading gaps and the amount of money that you need to trade gaps and the amount of money that you need to risk It's not crazy. Okay, your car payment is probably five hundred dollars a month Your car payment might be more than that if you actually own it if you have a lease is probably five hundred some leases now Like six hundred fifty dollars. I mean, they're crazy So I mean the amount of money that you would risk on a trade Trading gaps and the amount you would make is perfectly reasonable. Okay, and it makes sense to do it. It's practical another profitable and practical use for the golden gap is swinging core trades and I was talking about this earlier and It's one of these things where you can use multiple time frames to take the positions There are very few strategies if any that you can use to trade in multiple time frames The golden gap strategy is so specific on the analysis the directional move that you can trade the gaps for swing your core trades JCP is one example. We're gonna talk about in a minute This is another reason why the golden gap system is so unique and special because when you rate the gap if the gap Rates and meets as according to the system meets the rating qualifications You can trade it as a day swing your core trade and maybe why is another one that I showed you earlier to you Could be in BBBY as a swing trade a core trade someone in the room is in that The rating analysis would be the same and the entries would be the same Only your money management would be different from day trading due to sizing and looking for larger targets meaning You will not get the same buying power leverage in Overnights as you do day trading so your money management will be different meaning you will take a smaller position size Let's look at JCP the swing trade so if you did JCP and you took the day trade here and you actually kept some of it and said I am Going to do this also, and I'm gonna hold this as a swing trade to down to the target of seven bucks Well, if you did that you took the train and you actually kept a thousand shares in the position And you let it ride and then you got out of it when on the third day You got out of the actual swing trade because it got within four cents of the target You risked only 70 bucks on this swing trade. Okay, you made $1,000 Entries the same the entry you took the day the day the gap The risk to more than this is 14 hours that is Unbelievable for a swing trade for a swing trade because you're taking the day trade entry in the gap And then you have a bigger target because you always have bigger targets in swing trades Okay, you were looking for bigger targets on the daily chart when you're doing a swing trade It's could have gotten there on the day of the first day It was one of the targets we're looking for for the first day did not it took three days But so I'm very nice swing trade here Again, this is for people that don't have time to sit at their desk every morning For an hour or half an hour the people that want to actually just do swing and core trading Sooner has no sound Kathy Can you check that please can everybody hear me? Here, let me write this in One person said they had no sound. I hope I'm not talking to myself here Can you hear me or not Henry said yes, okay, all right, thanks Henry very good excellent, okay? Well sooner can look at the pictures nice picture sooner. You'll love my pictures. Look at this little girl here She's great glasses. It's time to get real about your trading girl goals. Are you serious or are you a looky-loo? This little girl here is a looky-loo. She's really not going not interested in trading I mean, she's looking moving around and she's just having fun checking out charts She's really not serious about trading whatsoever. Maybe in the next 10 years. She will be maybe 15 She's not serious right now. She's a looky-loo and I mean a lot of looky-loos if you're a looky-loo I think you're better off spending your time going to the gym. Okay trading is a serious business It's time to get real about doing it If you're actually in the market and risking money and your looky-loo That's the worst because you're doing something that's serious and risking money which is serious and you're not taking it seriously Okay, you're better off like I said just going to the gym and working out It's one of these things trading that you've got to take it seriously It doesn't mean you have to devote the rest of your life or a year of your life It means that if you're gonna do it you need to do the proper course of action Which is learn how to do it Take it easy with the risk until you understand how to do it and learn it right and get serious about what goals You have in mind and that's why I ask everyone's beginning know your goals Know how much money you want to make and know how you're gonna get there And if you don't have a plan of action to get there then you need one if you're just saying oh I'm gonna resist much, you know No, you need to know exactly how much you're gonna risk and exactly how you're gonna get there and exactly how long What you're taking to get there to It's time to get real this means learning learning learning learning learning, okay Learning how to train means you're gonna be successful because you were more focused on the knowledge of what to do than the money It's like one of these caveats about trading and being successful in the market If you are more focused on getting it down right and learning what to do then the money in the live moment You will actually make more money in the long haul. Okay Just take my word for it at the time that I started trading I was so focused on the money and it took me longer than it probably would have if I would have focused on The charts and what I was supposed to be doing in the price of these gaps and stocks before I had realized that I should be focusing actually on this instead of the money and I got around it I finally realized we need to bend it, you know This this I has is going to take me time to figure this out and that's what I did So learn from the benefit of my experience that you have to learn actually what to do before you trade And I tell people they can practice on a demo before they even take live trades But there's something about trading live when you make that money you make that profit that helps your level of conviction and gets you excited to do it So the golden gap strategy can help you achieve your financial trading goals Whether you want to day trade swing trade or core trade them and me personally like the day trade I think it's exciting. I love having the money right there But a hundred thousand dollars a year is a real goal is achievable in trading golden gaps Again, it's approximately eight thousand five hundred dollars a month now. How can you get like here? I'm backing it out for you here. I'm giving you a plan. Here's an idea Okay, here's an idea if you want to do this Here's several ideas actually four trains with a five hundred dollar risk unit making four hours. Here's one way to do it Okay, it's a little bit more than three. It's four Could you get four four hour trains in a month and 20 days? Absolutely. Okay So here's one way to make it. That's two thousand dollars times four trains at st. Grant. There is one way you could make it Another way is you could say wait a minute. I'm going to just make three hours risk 500 bucks Okay, I'm going to do this. I'm going to take six good quality trades a month. Okay Actually, this is 1500 not 15 000 15 000 something in my head 1500 dollars in profit in three trades is nine thousand dollars a month My head is all over the place for these kind of big numbers. Forgive me Anyways, it's three times five hundred is 1500 1500 times six is nine thousand a month There are 20 trading days in a month. Again, this leaves more than half the month left to trade profitably and stay steady So if you take six trades making three hours six trades, that's what he means six trades some days There's more than one trade six trades with three hours. Okay, that's 1500. That's six 1500 trades One two three four five six 1500 dollars a pop on each one is nine grand a month All you have to do is just not screw up the rest of the month. Okay That's not even half the month. There's 20 trading days. All you have to do is just not lose Of course as many opportunities make money, but I mean that would make your goal Your goal for the month could be in in the first week and a half Here's another idea. Okay, this is ideas to get you to your goal to show you how realistic it is These aren't crazy numbers either people 10 trades with 300 risk unit making three risk units per trade can get you there. Okay 300 times Three is $900. Okay 10 $900 trades is what nine thousand dollars a month There are 20 trading days in a month again. This isn't even 10 trading days Would get you there three hours 300 dollar risk that still leaves half the month free to just stay steady That means you could literally Break even the rest of the month Lose five days make money five days lose one hour Make one hour for 10 other days And still make nine thousand dollars a month. Okay It's one of these things where it's just It's just these aren't unrealistic goals. Lee. I'll answer that question at the end Or you know what if we have time if we don't have time of then email me lee So at the point I'm trying to make here is You these are not unrealistic goals. These are just not unrealistic goals. These are very very very realistic achievable goals Part of it is in your mind. Okay You have to get real and do it if you think That making a hundred thousand dollars a year in the market as a day trader is unrealistic You won't make it If you think it's realistic, which I'm showing you the numbers that it is Okay, you will make it Okay, if you think you can't do it, you won't If you believe that you will you're halfway there and then you learn something good Which I do in gaps and you can make it So you've got to get real you've got to get really you've got to do it Make it a hundred thousand dollars a month It's very realistic training gaps if you're getting quality entry in a good pick The entries you learn in the golden gap course teach you the accuracy and reading price to take this setup And the rating system teaches you how to pick the quality stops to get the ones that will move correctly You learn both the entries in the rating system and golden gap course You don't have to make someone realistic our number every day to make a hundred thousand dollars a year You don't have to make 10 hours a day You chunk it out in a few good trades and you keep your losses to a minimum and that's part of it too You don't even have to train every day You don't have to train when there are no good gaps and meet the criteria And you shouldn't you just you shouldn't you should follow the system You can take some days off You don't even need to hold everything to dream targets Although you can have even bigger days if you do this If you're willing to follow the system and have good money management You can achieve realistic goals And you don't have to get nuts or crazy having 10 our days although some days you will the amazing gap $300 a month or $500 a month is a car payment as I was saying earlier And when you invest in purchasing a car you return an investment depreciates over time It's like the second you drive it off the lot when you invest in a trade of good quality highly rated gaps trade Okay, if you take it your investment can pay off a good rate of return immediately on that day Your investment pays off and some people spend more than this on a night out Okay, more than 300 bucks a night out. I don't know what side you're talking about Miro I don't know which one what was the topic. I can go back to it. Let me know Plop it in the room there. I'll see it. I want to talk about the next trade example here, which is bks Another one actually couldn't trade it many times I'm going to talk about two trading days in this but you could have traded this three days just as jcp Okay, so here's the first day in bks again. Here we are in the month of april. All of these are april These are current bks had a beautiful setup in here. This is a one-minute chart. Okay, here we go again This is a one-minute chart. You take the entry in here You could have piece mailed out of this or held this to the target as well And this you would have been in longer a morning trade that lasted into the afternoon But a very large move in bks entry time 940 price 2010 Star was over 20 30. So this is a 20 cent risk again an advanced risk would be $500 risk would be 2,500 shares Exits 1861 total profit 37 25 Very nice risk to you was a seven-hour trade because again some days you will hold things to dream targets You will make more than three hours. Here's the day where you made it would have made double What your profit was Now here's day two in bks. Actually, this is really day three I didn't show this example in here, but you could have played bks here here and here Okay, but i'm just showing you two examples in this Here was another day that it got. This is april 17th just last thursday Here's the plan this one too beautiful nice move Again took a little bit longer from the morning entry came down, but still out of the trade by around the lunch time Entry time was 940 price was 1746 A little bit bigger of a stop, but still had a dollar move. Okay. This is still a three plus r trade The stop was 31 cents. So in a $500 sum risk, it's 558 1800 shares would have been how much you would have taken for this and you would have made $1900 Nero is having problems Kathy he can't see the charty saying he doesn't see the charts Does everyone else see my charts? I'm gonna go back nero. You don't see this The entry here for bks is here stop is over here And here's the move in it You were never down from the time that you took it Kathy can you help nero? He doesn't see the charts So what's the total bks profit? We looked at the jcp for three days bks And there were three days in bks too just in the last two weeks But if you did two days day one risk was 500 day one profit 37 25 day two risk 558 day two profit 1908 Total risk 10 58 now again. This is a thousand plus dollars plus But the total profit in two days if you played this both days correctly would have been $5,633 and you could have played a three Total risk to word 5.8. Let's go back to the chart So you could have actually played this one two three if you just played the two days and risked a $500 advanced risk You would have made over $5,000 okay Now let's look at this two stocks of one month golden gaps somebody emailed me yesterday and called me the money swush I said i'm gonna use that because this is actually a great great thing to call what I do and what i'm teaching people jcp You could have made 74 20. This is just april. This is this is april bks 5633 this one playing at two days In five days of playing two stock symbols that were excellent gaps. You could have made $13,000 plus the risk for trade was around 550 ish, which is an advanced risk Okay, buying power needed the buying power was no more than 65 thousand dollars on any given trade In these ones i'm showing you here. That's it. That's it. That was it You could have made $13,000 risking 500 some dollars. You wouldn't even need to buy power more than 65 thousand dollars That's not cash. That's the buying power that the broker gives you And it was a check with the broker about how much money you have to put up for that But this do you see that this is 100 realistic? You don't need a million dollars buying power You don't even need 250,000 and buying power To make this kind of money It's the entry. It's the quality of the gap. It's putting the stopper into the right place and taking the size There are 20 trading days in a month. That means 15 days left in the month to make money or go to the gym do nothing Could you live on 13 thousand dollars a month? Could you? For working five days five days, that's like less than part time I have to come out with a new word for that. I have to come out for a new word for that It's less than part time It's like have a vacation job It is so important to have big days as a trader. This comes from accuracy a solid strategy momentum It's important. It's important to have big days as a trader and and people that are losing don't okay What happens is people are losing they want a big day so badly And then what do they do they do stupid stuff? They do more stupid stuff They do greater Greater things that they shouldn't have been done. They take more size in a bad trade Just out of desperation thinking the gap's going to fill itself or the stock's going to run Three dollars in the opposite direction Looking for all kinds of things that don't work because their deaths were for a big day And and i'm telling you big days are important, but you're only going to have them if you're doing the right thing Why are big profit days important big profit days are important because they make a huge difference in your p&l The end of every month big days will pay for the days you lose big days can make your whole month Big days can really add up if you just have two or three good trades a month two really good gaps They can make your entire month. I just showed you okay They also can help your confidence level and keep you excited about passion about trading big days give you conviction big days keep it going You got to have them Steve what do you mean the capital gains? This is a day trader. That's a whole another topic. That's more tax related I don't I don't want to get off course for that. You can email me for that. That's more a that's a tax related question I don't I don't want to veer off course I'll be talked for an hour about that and I'm also not a Licensed tax person to even answer that correctly So where do you see yourself in a year 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 Whoo, you get a light bulb that your life is your own creation. Yes. Yes, it is you you and you alone Are the one in charge of your own life you and only you when you start to acknowledge your own personal power And your ability for personal growth and to learn something new and to make more money You'll be amazed at how things come together and how much your life can change for the better How's that going to happen you you and only you you're the only one's going to make your life better No one else no one else but you even when you meet me Okay, and I people that say I've made their life better by teaching them how to make money in the market It's they were they found me They they still get the credit for finding me for believing in me for believing in me to pay me money to teach them How to trade and take the class Anyone that comes to me gets credit for believing in me without knowing anything without having any guarantees at all without Knowing me at all except for talking to me and watching my webinars The people that come to me the profit and make money are successful still get their credit because they found me and believed in me And and it's worth it And they see that so it's still on you. It's on you Sometimes it's just about opening up our eyes and see the possibilities for our own life The only question is will you do what you can now to make your life better? Will you or will you wait as time ticks on either way? The future is yours to create and you have to understand that and you have to believe that and you have to know that You're the one that's pressing the buttons. I'm here. I'm here teaching you on a vehicle I'm a vehicle to your future in the market if you want to be successful and if you want to learn So taking the golden gap course is the first step. You've got to have a plan of action Yes, they're copy just put the plan of action Okay Make a plan of action for yourself as to how you were going to achieve your financial goal of making $100,000 a year Start now and do not delay work back from a time frame for yourself that you desire and feel comfortable with to achieve this goal Do you want to be making this kind of money of three months and six months a year? Start right now today to formulate a plan so that you can move forward to your goal of financial freedom The longer you wait to learn the system the longer will be for you to achieve your goal Taking the golden gap course and learning how to trade gaps is the first step So you've got to learn how to make money trading and if you are trading the market now And you are risking money, but you're really a lucky loop because you're not doing it seriously And maybe you should just take a week off And just think okay Learn how to read charts in the golden gap course. I predict this moving in jcp I predicted enough this which we're going to talk about here if we have some time And I'm just bullet point here in my class which is the golden gap course If you're interested in signing up for the class email me at melissa at the stockswish.com Uh capital there's actually a tax webinar that my father who's the cpa did it's on my youtube if you want to go find it on there Cc and mj you're asking about the the capital gains And my father you can email him his emails on that Webinar and ask him directly, but he talked about a lot of those things in the webinar. I did about a month ago So the golden gap course teaches a 26 point rating system to find the best stop to trade each day The course also teaches you how to enter and exit the stock on the day to get good risk to award trades, which is important The course teaches price analysis and it's technical analysis. That's what I do That's how I'm making the decision in the gaps on an advanced level And even if you don't know how to read charts in an advanced level, then I'll teach you Okay, mj. That's so I'm sorry. I'm seeing a lot of things right in here. I'm kind of behind the questions Okay The course teaches a more provisioned way to read support and resistance in the right direction And the course teaches you to focus on one strategy in a detailed manner So you can make money in the market as a trader because that's what you want to do And so it's all using the checklist. This is the reason that I'm successful picking gaps and taking trades in gaps So empower yourself today. I cannot tell you how important it is for you to believe in yourself to do it I can't make you believe in yourself But I can tell you that you need to you need to and I can help get you conviction in the In the gap strategy in the very essence of making money in the market is something that's realistic Okay, it's time to get serious about your training and your success. Otherwise, you're a lucky low The galling out course is a complete system to use to trade for day training swing trading or core trading It's a full two-day course in how to strategically find pick and play stocks in a professional bearish gaps The retakes are free as soon as you sign up for the first time you can retake it as many times as you need to for free after the fact As long as you sign up for it once Class is online I encourage people as much as they want to learn to learn. So I don't mind when people redo the class The class is this coming week in april 26 and 27 or 9 a.m. To 5 p.m. Eastern time. The cost of the class is $2,499 Email me if you're interested and melissa at the stocks wish calm I'm also doing another class at the end of this month, which is a trends course April 30th from 12 to 4 and may 1st from 12 to 4 it's split up This class is 999. It's a course on how to retrends and stock charts and I'm doing a special I did this last month. It was very popular It's 29 99 for both classes. You're actually saving almost 500 Dollars and you get both the golden gap course and the trends class for one price It's a combo class special Do both the classes learn how to trade the gaps learn how to read over all large term trends If you're interested in swing or core trading the trends class is a great class for that And the golden gap class teaches you the rating system how to do the entries pick the targets and everything Let me just get through the rest of this and I promise I'll answer all the questions Spring trading is fantastic because it's earnings season I was just talking about the fact that starting season right now tonight. There's like 35 Reports that just came out. Okay right now and tomorrow morning. There'll be like another 30 something So this is a reason that spring trading is so great. Okay. It's second quarter earnings season It's running for the next month and a half two months And it's a great time to trade Okay All right any questions here. Let me just answer some questions And I'm actually going to take this off here so I can quick bring up netflix while I'm answering the questions Uh, let me just go back Uh, no the class is not recorded