 elite and detailed system to become profitable traders. Melissa Armo graduated Magnet Fulani from Gettysburg College with a BA in philosophy and a minor in Latin and political science in 1984. She was employed for by several banks and brokers in Pennsylvania, Florida, Arizona, and New York as a mortgage broker for 17 years. She changed careers from banking to preserve a security trading career in 2008. A self-taught day trader with over 10 years experience, Melissa especially is a trading strategy that focuses on shorting stocks that gap. Melissa also appears frequently on TV as a stock market expert, watching Melissa on RT, America, Cheddar TV, CBS, Fox News, and Fox Business Network. Okay Melissa, I see here stocks flush, make-patch profits trading 30 minutes a day and I'm gonna go ahead and mute myself and you have the floor. Thank you so much John, it's so nice to be here. Welcome everyone. Again it is a beautiful sunny day here in New York. Last week we kind of had a crazy week here in Manhattan because we had a lot of the smoke from the Canadian wildfire so it's I've lived in a very very interesting place and I do have my hand on the pulse of what's happening with the market. Not just talking on TV about what's happening with economic data but also trading live every single day. So today we actually went long even though I do prefer to short. Today we went long to Vidya and we had a nice trade to the upside in Vidya today. The market is waiting anxiously for what the Fed is gonna do tomorrow. So I expect tomorrow to be a volatile day and a great day to trade actually. So we're gonna talk about making fast profits. Why? Because I think in any type of market but particularly this market in 2023 getting in and out quickly and making money as fast as you can allows you to be less stressed and not have to worry about the wiggles and jiggles and the ups and downs of what's happening with the economy, with the market, with reports that come out because obviously even like a daylight today we had information come out the reason the market was up is because we had a CPI number that really was bad in my opinion but not as bad as it could have been. So we kind of live in a in a topsy-turvy world right now where good data is bad news and and bad data is good news and so it'll be an interesting 24 to 48 hours to really see if the Fed ends up raising rates. But for me what I do is I like to day trade. I day trade stocks. I also trade options. We will talk about both of those today. Again you can do fast trades a day trades and you can do fast trades in options. If you have would like more information or would like to talk to me in the phone you can call me at 929-3200 Gap. You can also email me at Melissa at thestockswish.com and as John said I appear on every single channel. I talk about the economy. I talk about the market where I think the market's going and again so far we're halfway through the year. It's hard to believe. We're halfway through 2023 and two weeks it's going to be July 4th. It's June. This year has flown by and the market is trying to make a comeback this year. We'll see if it ends up doing it. But I get this question a lot where people always ask me can you make a living as a professional trader and the answer is yes you can make a living as a professional trader but a lot of people struggle with that. They struggle with that because they're just not focused. So one of the reasons I'm successful is I'm just pinpointing one thing a day like I said today we went long to Bidia. Yesterday we shorted target. I'm looking for the quick trades in and out just in a couple of minutes just in a half an hour. Again it's the focus and I think a lot of day traders retail traders too actually don't have enough of a laser sharp focus and again in a choppy market you really can get beat up. But as I was saying earlier as far as making a living trading I think there's a lot of reasons why people may want to trade the market. One of it is the quality of life. So I lived in New York for over 10 years. I recently moved and one of the things that I when I decided that I wanted to become a trader was I wanted a better quality of life. Quality of life is very very important. That has to do with not just how much money you make it has to do with actually how much free time you have outside of your current career because if you're working 70-80 hours a week you're you don't have a lot of free time. If you're even working 50 hours a week that's a lot. So I think a lot of people are working harder and making less and while people have gotten bumps up in their salary with the last few years with inflation it still hasn't covered the cost of inflation prices and people are working a lot harder. So some people want to trade the stock market for a living to make more money. Some people want to trade the stock market for a living to work from home. It's nice that I can work from home and talk to you today from my office in my home in New York. Some people want to trade the stock market for living to be the wrong boss obviously independence not having to report to someone making your own hours. All of those things are really advantageous about trading. Some people want to trade the stock market for living to have an unlimited income potential. Why? Because the better you are the more skilled you are the more your risk the more you can make. Okay so there's really an unlimited potential for earnings in the market if you know what you're doing. If you can do something well whatever strategy that is you want to focus on again whether it's day trades options going long shorting whatever you want to do. Some people want to trade the stock market for a living to work less hours than a normal job will require. Again as I said I traded the morning the first half an hour of the day. The market's open from 9 30 to 4 even if you wanted to sit and trade for six and a half hours a day which I don't but even if you did that's still not a normal 40 hour work week. Okay a lot less hours. And while all of these things are good reasons to want to trade the stock market for a living what it really boils down to in my opinion is having a better quality of life. And if you can learn to successfully trade the stock market for a living you can have a better quality of life. And this will help you. It will help you actually you know as far as your stress level. You can also have all the things that I just mentioned above and more. And sure if you're successful you can get rich. Okay but some people have small accounts. They can make money with small accounts. They're never going to get rich trading because the size of their accounts doesn't allow them to risk a lot of money. But they can still do this and pay their bills and have a better quality of life. So some of it is about making a lot of money okay or getting rich or wealthy. But it's not just all of that. More money really means you have more time and more freedom in your life. Okay which again goes back to the quality of life. And that again will help you with something else called longevity. Where you can live a very long life and a happy life. It's the quality of life that's so important and the older you get the more important the quality of your life really becomes. What do I mean? You realize there are things in life you don't want to waste time doing anymore. You realize there are people in your life you don't want to spend time with anymore. Okay you realize that certain things aren't or stressing out over. Okay and you want to make a lot of money sure. I do. You do. Everybody that trades us. But you also realize how much time it takes you to earn that money is significant too. So if someone said you could earn a thousand dollars in two minutes or thousand dollars in a day or two days which would you choose? Obviously the shorter time faster time. And that's one of the reasons why I like fast trades. If I trade fast and earn money fast trading that I have more freedom and time to do what I want. Whether that's walking in the park watching the turtles or anything else I wanted to do. I live across from Central Park it's absolutely beautiful. That picture I just showed you I took that picture. It doesn't even look real. I took it with my own phone camera. So you know quality of life is just so important and I think people are so focused when they're trading on money making a lot of money a lot of money a lot of money piggy targets they kind of lose sight of what they should be focused on which is getting good at trading. So that over time you can you can actually make more money do this as a career if in fact this is what you want to do or have extra money to improve the quality of your life so you don't have to work so hard at your full-time job. But anyways get to the point of this is the whole whole idea the whole point of trading is it's a short-term sacrifice for the long-term benefit of getting to the point where you're making money in the market so that short-term sacrifice may be taking a class on a weekend it may be paying for a class it may be learning something new it's a short-term sacrifice for the long-term gain of having a better quality of life and the sooner you make it the better because the sooner your life will improve and I think a lot of traders miss the boat with this and they're just not fully invested in trying to really get good at what they're doing they're so focused on the money that if they don't make a lot of money right of ways with something the first day the first week or whatever the case may be then they just tend to go hog wild and then end up kind of getting into trading where they're gambling okay which as you well know is dangerous and then people never become successful when they're doing that. Now this was the month of May's room results we made a lot of money in the month of May we're on target here for June to do very well as well this is an average risk per trade these are day trades this is not the options these are equity trades on margin average risk of $2,800 per trade $59,912 so so far this year most of these trades are short somewhere long but we have had a great a great year so far day trading again it's honing it down you know what in a market like this like I said yesterday the market rallied we shorted we shorted target we shorted target in the market rallied so you can make money shorting even if the market's rally or vice versa actually here was trade yesterday so this was target so let's go over what we did here yesterday again I like the fast trades what do I focus on I focus on gaps let's take a look at it this is I'm going to go back to last week okay this is the beginning of June here target closed here gap down target closed here gap down what is a gap a gap is a difference between the close and the open so on this day here target closed at one price at four o'clock Eastern time with the US stock market closes at around 131 and change boom open in the morning here under 130 and fell we actually did this Friday here and we also did this Monday yesterday so target was a short we also did puts in target okay I called the 129 puts and the 125 puts in target and and they work nicely so we did day trades and we did puts nice and what's the difference anything that I do is based on my golden gap 26 point rating method that's what I teach in my class once a month so whether you decide to do an option and something you decide to do a day trade is really has to do with the type of account you have how much you want to spend per trade and again whether or not you have an account where it's a margin account that you can do day trades like the target or if you don't if you have a cash account or perhaps a retirement account where you can only do options you would just do the puts okay I do both I people always ask these questions I do both okay I like options and I like day trades there's advantages to doing both and target was a good example of that but this was the day trade that we did yesterday on Monday in target and again this was a short so we're playing momentum I'm always looking for momentum again we got in and out fast I could have held this longer this went all the way down to 125 anyways we entered this here 126.50 3,500 shares risk was 3,150 exit 125.55 boom profit was 3,325 now when I'm looking to take a trade I'm usually looking for to turn it over one time okay take it get in get out so if I take something I'm looking to get in with one amount and get out at the amount that I risk so if I risk a thousand I'm looking to make a thousand if I risk 2000 looking to make 2000 I think that's a good amount to look one risk per tree and again I'm not sure if I can see people's questions in here I see the chat with who is some panelists I'm not sure if anybody has any questions or or if maybe Kate can pop that up but anyways going back here to the target okay this was the target yesterday the one minute on the target okay so again for the fast trains I want to get in and out very very quickly okay so I am trading on the one minute I'm getting in on the one minute and I'm getting out of the one minute so here was the here was the target again this was the day before came down fell boom we shorted it got in got out oops and got the drop okay so again momentum is I'm risking a dollar I'm looking to make a dollar and again this could be to the upside could be to the downside and the case here of target we shorted it okay and again this was Monday June 12th but anyways getting back to what I was saying how do you make the success happen why do people find trading success so elusive what are they doing again in today's markets you just can't short everything and you can't go longer everything and right now people are going along everything why the markets rally the last few days the last few weeks actually and that's just not the case and again we're going into tomorrow we'll have to see how the market reacts tomorrow the market could react bullish if the Fed raises rates the market could react bearish if the Fed raises rates or even doesn't raise rates you can't predict what's going to happen with that everything I do I look at technical analysis I'm looking at advanced technical analysis in the gap okay every day I'm looking at the gap day to day then I have a method of advice to rate it that's how I knew target would fall that's how I knew the video would rally okay if I got a good gap I take it I play it in the direction of the gap but in this type of market again you have to take it day by day and the one thing I know is the gap trading is so so powerful because you get momentum you get moves and a lot of people look to trade gaps and understand how to trade gaps they do gaps incorrectly and the nice thing is I mean gaps are just so so powerful and we're going to look at some of those trades here today but having a strategy to focus on no matter what you want to do is very important you can't have any distractions every day I get up I'm just looking for that bullseye and the faster I can get in and the faster I can get out the better it is the better it is for me so let's get to talking a little bit more about my strategy and gaps so what is a gap a gap is something that happens every day in the market in stocks or ETFs I will trade ETFs like the QQQs of the spy so what is a gap a stock gaps in the opening price today is different than the closing price of yesterday's trading a gap is a break in price action from one day to the next so what is a golden gap this is what I coined my own personal rating system it's a gap that's made with institutional money that moves something up in a big way or moves something down in a big way again target's a good example of that with momentum institutional money is when hedge funds come in or buy a stock or sell a stock big big money professional traders volume okay what does it look like it looks like power again how you can't move a stock yourself you need that power coming from the institutions in order to push it down or push it up okay and again that's how you're going to get the big moves here was another one that we did this was me we shorted it again great example here of momentum mew gap down this was a couple of days ago mew close here gap down fell boom we shorted it got the drop what is happening here in the mew it's falling the momentum was to the downside okay so would you want to be short the mew here and again we got in got out got in got out again trade the morning be done make the money that you can in the morning that's my best advice to you because again the longer you wait throughout the day things get choppier and choppier and choppier and choppier here's another day we did we did the qqqs again the qs or the etf we shorted it again here's momentum to the downside to the downside okay so again this fell so when you're looking to do something you want to get the momentum correctly that's the only way you're going to make money if you're against the direction in something you're going to lose so institutional money is always in charge even if you think it's not it is and i think this is one of the things that people have found difficult since the beginning of the year in january in this type of market people are think the market's lower than it fakes lower than it fakes higher than it fakes lower than it fakes higher people have really bought into the fact that i think the market's higher now this is that the case i mean are you sure in that would you bet your life on it so again institutional money is always in charge don't make trading hard if you trade with the power instead of against the power you're gonna have a lot easier time making money okay and again the faster you get it in out the better off you're gonna be so i devise a method to spot institutional money and then trade with it which is what i look for in the gap it's made my life a lot easier again it's a lot less stressful to be in out fast you have a better quality of life if you're not working all day and also the amount of money that you make has to do with the risk that you put on how many shares can you take or how many contracts can you take and how accurate can you be in that if you want to hold something longer say for an option or whatever you could get out of half the trade hold it for the other half of the position okay but i'm capturing these moves on a small time frame and that's what i'm looking to do every single solitary day a big flow of money going a certain direction is what moves the market stocks and creates momentum and sets the trend in charts when you're looking for institutional money you're really reading the side of power to stock you want to be in the side of power in order for you to make money trading institutional money is in charge of the market and stocks at all times even if you think it's not it is and and i preface that because of where we're going into in the second half here of 2023 um do i scan do i scan the stocks for for gaps gaps is gaps i think you meant gaps instead of gaps walter um you can yes i scan for gaps if that's what your question is yes that's how i find them you can scan for them on a scanner becoming a successful trader and investor requires becoming a specialist in defining where the institutions are buying or selling a stop learning advanced technical analysis is required like because if you're if you again if you're relying on economic data to make decisions you're getting killed because the way i would read the data is that inflation first of all the fed admitted that it's not transitory second of all they're still making crazy targets and we're going to get down to a certain percentage by the end of the year which there's no there's no way that's going to happen out even if they continue to raise rates and third okay much of this data isn't good okay and then the market reacts differently so again if you're looking at the fundamentals you're saying wow we could be going into recession and yet if you're looking at the technicals the market's been rallying so you you know if you want to combine technicals with fundamentals that's fine but when the fundamentals don't match up with the technicals you got to go with the technicals okay that's how you have to make decisions and that's what i do in reading the charts it's reading the price action the chart so i've been trading since 2008 okay so you know 15 years i've been doing this and i've become an expert in reading basically the pre-market data and the post-market data in in a gap mostly in the market that's what's allowed me to get on actually national television because i've made a lot of calls about the market and stocks on tv in live time but the reality is that that level of focus that i've had on reading that data in the gap has gotten better over time because i've stayed with the same thing for the last 15 years one of the things i think the mistakes that i think people make is like i said they've unrealistic expectations about making a certain amount of trading really really quickly part of that could be their own assumptions that you can get rich trading the market yes you can but not without a skill set not without money behind you not without learning how to do you're not going to get rich by taking somebody else's trades and not knowing what to do or just not okay that's that's like again going back to the gambling philosophy if you put a plan of action in place you can be successful you want to do this for a long time and get good at it like i've done you can be successful and what is that amount of long time i don't know you come take my class and learn from me in a weekend what i know well you learn everything like that maybe you will or maybe it will take you time maybe you'll be learning curve whatever it'll be it'll be shorter than my learning curve was to initially create my own system which is why you come and pay me for the information and the class and my mentoring but i think a lot of people just want to jump around from too many things and they never get good at one strategy they never get good at one thing and that is a mistake because again in this type of market you shouldn't trade alone and you shouldn't trade if you don't know what to do because you're going to lose you're going to lose so as difficult as a time as people has had the first part of i'm talking about retail traders have had for the first half of 2023 they may have even even more difficult time in the second half of 2023 you are not going to change what the Fed does you can't control that you don't even know ahead of time you can guess you can make assumptions you know but you don't know for sure if i was a of a betting person a betting woman i'd say the Fed is going to raise rates tomorrow the market isn't accounting for that right now the last two days all they've been discussing on tv i haven't been on tv the last two days but all they've been discussing is the fact that the Fed is going to pause i wouldn't bet my life on that okay but the but the markets rallying that the Fed is going to pause comparing how to redefine and trade with this power will have a huge positive impact on your profitability as a trader elevate yourself you're trading in your profits to a higher level of consistency and success by learning how to read the footprints of institutions trading the market the other thing is too when you look at the market right now and i'm just talking about the last few weeks with the rally really low volume some of the lowest volume i have ever seen in the market ETFs and stocks have you looked at Goldman Sachs lately a powerhouse that i've traded and traded and traded and traded and traded for years haven't touched it with a 10-foot pole in months it's it has no volume like i mean when you look at what's going on in some of these some of these stocks if you've traded for a long time you see there's no volume so then how can you buy into this rally at least if we're going to go up to the highs right now i don't but we'll see we'll see i'm keeping an open mind but don't forget money controls the world money controls the world institutional money controls the world look what happened with banks a few months ago if you learn how to read the footprints of big position players before the momentum occurs you can take the position in the right direction and get out after the move happens for profit but you have to understand how to train with this side of power you have to be focused on it and you need to know how to find it it's very important to find it because the power has the ability to pay you the market has the ability to pay you knowing how to read what institutional money looks like is essential to becoming a successful trainer and you can win big trading on this side of power and again it's the idea of the fast move that fast quick move is so helpful because then you can get out before the economic data happens before the wiggles and jiggles happen and then you can book the profits again trading is not about holding and long-term investing active jay trading for options for day trades all of it has to do with getting in and out in and out again it's the idea of booking money okay so for me it's one strategy and one focus and that is what i have done ever since i decided that gaps have so much power for me the power that happens in a gap and again i like to focus on shorts but i will go long but the power that happens in a gap makes it so that you can take a small size or a big size where you're getting the very very large move otherwise you're scalping okay and scalping you know you can lose that a lot of money if you're scalping and only make a little bit momentum is the way to go and again when i'm doing options i'm buying an option where i'm buying the call and selling it or i'm buying a put in selling it i'm trading options based on momentum momentum in the gap so again we did be a this was a short this was a put a put is a short and again if you want to trade options you do not have to worry about what the price is of margin it's something like ba when we did this here this was the 195 strike i call this on thursday may 4th class of the option was 225 which is really cheap considering the cost of ba is 195 per share again you must have an margin account to short this or you buy the put here which was 225 an advanced trader risk of 40 contracts 9000 risk you could have sold it at 470 and flipped it around more than 100 percent this is a good trade i'm going to show you the chart in a minute if you took less risks five contracts risk 1125 shoulder for 70 profit 1225 return an investment 109 so let's take a look at the ba so again here it was hold on that was the fourth yeah here so again this was a gap down stock close here a gap down boom we hit it we hit it early sent the letter out for the put and again where was this at around 200 fell again so an option you get in get out fast make it get in get out boom done went through the strike sam so that was a gap down it was a put so it was a short okay that was may 4th in the ba and we call this pretty early it's 12 minutes after the open okay now let's look at another one we did here paypal this was again another put main knife cheap one here for this too 225 had a huge move could have sold it for 650 you could take one contract you could have bought one contract for 225 dollars and you still could have more than doubled your money so let's look at the paypal where did this go main knife here stock close here a gap down open fell again paypal was here the night before roughly around 75 and change boom open here in the morning right under snug as a bug under 70 and fell and this is one you could have gotten got out you could have gotten got out you could have even held this all the way down i mean again i'm not telling people that they should hold options to the expiration date at all if the options are up money you need to book it but this is one that was a bleeder it kept falling and falling and falling again i'm trading options with momentum momentum and again it's the whole idea of the power of money because you're not pushing that stock down you're just taking the trading you're writing it down or you're writing it up again depending if you're going long or not so again someone's asking earlier how do you find gaps there's a ton of ways to find gaps you can watch shamby see in the morning and talk about stocks that they have earnings and find gaps there's gaps on news there's gaps on earnings there's gaps with the sectors there's gaps with the market okay you can buy a scanner you can pay for a scanner you can find them anywhere it's not hard to find stocks that are gaping and the market gaps almost every single day the criteria to find which gap is the best gap and which gap will follow through in the direction of the gap that's gonna have a big move that's where you have to learn how to do it and that's what i teach in my class so it is a rating system that i teach that helps me qualify and again all i do this in the pre-market i do this all in the morning before i even take a trade i know what i'm doing or if i'm doing nothing at all it's a checklist this is what you come and learn from me if you wanted to do it i've been doing this for 13 years the checklist tells you what to look for in the price of the stock boom and i never skip it and i never fudge it and i never not rate anything i do and i don't trade on the fly trading on the fly is dangerous okay trading on the fly is deadly because and ultimately you're going to make an incorrect decision it's like deciding to just go hog while it in a trade and risking too much money in something because you have a feeling about it or whatever that's not a good idea there if i could have i don't have to go with the market bertels asking about how about inside days i mean i don't i'm doing specific stocks i'm not doing the market every day and i don't need the market for my trade so the market could be doing nothing one day and i could still do something so it's neither here nor there about the market for me i'm looking for specific stocks another watch i had today which i didn't do actually was baidu it would have worked we ended up going along nevinia my chat watches today were nevidian long and baidu and they both worked but we only did the nevidian so i don't need the market and inside day means nothing to me unless i'm in a market trade already unless i'm in a a call or a put for the qqqs but then i would wait because again if i'm in an option i don't have to have a ticket that day i'm not doing daily option expirations which now the introduces here and you know what that's been part of the sideways action in the market if you have been an options trader prior to 2023 you know that they only used to have the x the the tuesday and the thursday and the friday expirations for the qs and the spy they added daily expiration dates for options i think that that has actually affected market action if you trade the market whether it's day trades or options it's how the market is traded that's flushing itself out going into the end of the year i forget exactly when they started that but i'm not doing those daily expirations and if you're doing the daily expirations even though you're paying less you better get it right or you're screwed actually there is only one thing and one thing only that can move the direction of a stock and it's money not a little bit of money not a lot of money or what i call power money power money is in charge power money is in charge of the stock's direction trends are set and moved by the power money people of which was a lot of in the market and there's a lot of different sizes of even hedge funds you have small hedge funds you have big hedge funds you have people doing different things all the time but gaps happen in the market on a regular basis however some gaps are better than others some gaps are just not good gaps and we don't trade them and again many days we're not trading the market some gaps are nothing gaps and some gaps are very powerful displays of institutional money the most important gaps in the market are gaps that signify a change of direction or a bigger move in the same direction understanding which gaps are meaningful which gaps do not or which gaps are not meaningful in the market will help you to know what to do and when a change is occurring that is how you know when the power money will flow to pay you you cannot take every gap in the direction of the gap and you can't take every gap for a gap fill which a lot of people want to do too that's wrong as well okay so again you have to narrow it down think about it intellectually you need momentum you can't always do that same thing all the time you do have to use your brain to think it out if it was that easy to always make money buying and support no one would ever lose money in the market okay and again people get trapped when they think that and every pullback that works for the last two weeks or whatever people say oh my god it's so easy it's so easy this is so easy yeah it's easy until it's not okay you have to think things through and really momentum is the way to go and again like i said earlier the fast trades momentum is a big move that comes into a stock in an atf or stock you can make money trading momentum if you're getting before the momentum occurs after the fact it's too late it's too late many people can't figure out how to get in early enough and either change the momentum and end up scalping or take the opposite direction of the move in the hopes of catching some profit momentum to the upside happens when people are going long and momentum to the downside happens when people are selling okay so we did capture this move to the downside here that happened on the seventh okay so this was the cute cute cues we captured this boom okay we shorted this we did a put in it boom that's a big fat red bar where you would sell it in the market and we did that that was last week i guess but anyways how do i figure it out i rate it i use a 26 point rating system that pinpoints the direction of the power of money by reading the price and ultimately it's it's just one of these types of things worth you don't know what you're doing if you're not sure if it's a 50-50 crapshoot for you when you're taking a train then the bottom line is that you don't have any conviction and it's a why are you putting why are you putting risk on again you're going back to the gambling mentality you can't be in that gambling mentality because you're setting yourself up to lose there's too many people that are trading there's too many people that want to win there's too many people that are serious about trading that will take your money like that okay so be smart think it through train small size initially and think it through like i said it's okay if you don't do a trade every single day if you're not sure if the market's going to head higher if you're not sure the market's going to drop and head lower you don't have to do anything right now okay what kind of indicators do you use for your trades robots or draw on your charts i don't i don't i used to print my charts out and draw on them i don't do that anymore i just use my brain now so i don't have a robot and i don't draw on my charts anymore but i could print them out and draw on them and i do encourage people that are new when i'm teaching them to print their trades out i mean to print charts out and draw on them if that helps you okay i don't i don't do that anymore but i used to do that and i think that drawing on charts and taking notes in a notebook and using a pen and paper actually is important because a lot of people again we're doing this electronically you're pressing the button it's too much like you're playing a you know a computer game or a video game sometimes when you're pressing buttons and then all of a sudden you're like oh my gosh i'm in this thing or have too much size on or i shouldn't have taken this one or i should have gotten out you know there's nothing wrong with taking notes writing stuff down printing stuff out drawing on charts i encourage that i encourage that a lot but anyways if you want to trade effectively you cannot go with the crowd of day traders which absolutely right now most day traders are long i'm not okay we did go along specific things like i said we like by the way didn't go along and we did go on to video so i'm really really again picking and picking and picky picky picking the ones that we want to do just like i'm being picky poo about the shorts i'm being picky poo about the longs and there's nothing wrong with that okay it's not earnings season right now not until after we get back from july 4th does earnings start the month of july so again June you have to be careful but we've been hitting it every day but you've got to have an edge whatever your edge is my edge is shorting my edge is fast trades okay getting in and getting out quickly trading on the one-minute chart and again trading gaps which is the only strategy that i trade so opportunity luckily sets up daily i mean for the most part there's some days we don't have any trades but for the most part we're able to find something every day that's all i need that's all you need all you need is one traded day to make money so for me i spent a lot of time in the morning trying to figure out what to do in the work and the pre-work in that pre-work i'm focusing focusing focusing doing the rating looking at the charts analyzing it again if you want to print your charts out or write on them do that all in the morning get up early spend an hour spend two hours the more time they spend getting ready to do it guess what the more money you're going to make when you actually do take the trade and again it's about hitting that bullseye now here was another one that we did this was before Memorial Day actually we shorted the spy again i'll do puts in the spy i'll short the spy on margin you can do a large size you could do a small size whatever we shorted this 41180 and got out at 41065 risk was 3,030 450 524 this was this day here so what happened here in the market the market gapped down spy closed here gapped down boom we shorted as a day trade fell and again you could do a put you can do a put you could do a day trade and again sometimes i'm doing both sometimes i'm doing both so it's it's just one of these times where it the focus really really counts actually here it is blown up so closed here gapped down fell boom again getting get out here was the one minute closed here gapped down we shorted it got the drop and again i'm not holding all day you know when these things came all the way down to 410 i think it broke 410 i'm i'm not holding all day now i might hold an option a little bit longer here was the mew that we did we talked about this earlier this was last week 6550 was the entry 6448 again get in get out a dollar plus done again a dollar is a good move in a stock like move you could have held this longer this came all the way down again this went to 64 we got in the mew we got out of the mew but here's where it went you could have held it a little bit longer but it was a nice trade nice short again the momentum was to the downside on mew okay this was a short this gap down you take the trade get in get out okay and then you're done and you're done in the morning you're done quick here was the day of the mew actually this was 68 i forget the reason for the mew i don't even remember now i don't i don't remember the reason for the gap closed here gap down fell boom and here it was in the one so anyways i'm calling the trades live in the room for the day trades the newsletters come email to you directly in live time most of the trades are sent in the morning some are sent later in the day may 3rd i sent this up out s out at 309 it was the 175 strike that expired on the 12th we're doing the weeklies again really cheap he's done one contract paying 250 dollars and you're getting get out again four contracts you risked a thousand could have made 680 this is a good solid trade again you buy the put you sell the put you get the momentum you sell it Wednesday may 3rd let's take a look at that may 3rd was here close here gap down boom get up the next morning boom out done call it a day again anything you do it doesn't matter if it's a day trade on option you get out after you get the momentum you take the train get the momentum out boom okay and again red bars to pick selling green bars to pick buying i plopped in here the results so far this year we've had it we've had a great start to the year we're on pace for the year we're on target i don't have in here the nvidia trade today we had a nice trade in that though this is up through yesterday 306 147 here was the target from yesterday and then we did target on friday too then the mu we also did lbs last week on the 8th we were having a good start to the year we're on pace for this year despite the craziness of this year and this was last year's results 2022 651 and change for the whole year this is these are margin trades these are trades on marge of an average risk of $2,800 per year but if you want to trade for a living you can do it it's about the consistency it's about having a winning strategy it's about having a good mentor especially this market someone to follow i'm calling the day trades live in the room where to get in where to put the stop where to get out where the targets are all of this counts and it's important to have someone to follow i think in this market but really for me it's the fast trades do i put trades on in the pre-market no i do not trade the farm pre-market what if it doesn't set up i can rate a gap in the morning at 6 a.m and it can open at 9 30 and not even set up at all then i don't do it and you can't trade options in the pre-market at all so i wait till the open to see if it sets up to do the option and the day trade after the open only trading on the live day it's not the same thing you do not have 41 margin in the pre-market even if you did margin trades you'd have cat you take it a cash full position or you'd have it on two to one margin and it may not set up again i teach the setups in the class too any other questions but time of the day is critical like i said at the beginning one of the benefits of trading is you can work from home you have an unlimited income but it's the freedom it's the freedom it's the quality of life that counts okay now i'm doing an options lecture today from my students at four o'clock i'm done here in a few minutes i'm probably gonna take a walk in the park it's a beautiful day i it's just like i it's like a it's tuesday afternoon i'm gonna go for a walk in central park at noon i mean you know you just i mean i made money three hours ago is just there's just like you know the the time investment and the cost and all the energy put into doing this it will pay off if you find something good that's a good strategy it will pay off if you stick with it it will pay off again it's the short term um commitment for the long term gains it's just that many people are so short-sighted and i think that people are just attempting to trade for so many years so many years took so many classes or losing money in the market they have such a negative attitude then they feel like oh my god i'm never gonna make it it's never gonna work i can't do it it wreaks havoc then on their confidence level their confidence takes a hit and when your confidence takes a hit it's hard for you to go after anything in the market it's hard for you to risk money it's hard for you to take a chance on paying for a class like mine you know so it's you have to rectify that within yourself is this something you really want to do be honest with yourself and what are the real issues you're having do you not do you lack self-confidence or do you not have a good strategy or what's going on with you like if you're not successful why you know get down to the some bolts of it mark sitting on the fence sitting on the fence is okay for a little while while you're thinking it through you don't want to sit on the fence forever okay that's that's problematic because then you're never gonna get anywhere and then time just goes by again i cannot believe it's june i moved in november i moved in november i did a webinar with john earlier in the year when i just was still unpacking i'm unpacked but i'm not situated so i finally have all the boxes out of my apartment i moved in november but my office where i'm working right now everything isn't totally situated the way i want it in this room and i cannot believe it it's it's june you know half the year is over i mean it's time flies again before you know it it's going to be the holidays which i'm very excited about so i've been enjoying central park i got to see spring i got to see summer november we didn't really have a winter here in new york we had like no snow i'm looking forward to seeing the park in the fall someone asked me what's my favorite season in the park i don't know because i really got here too late before the leaves had already fallen by the time i moved in november and then we had like no snow but i really am loving the summer i'm absolutely absolutely loving the summer in the park and the weather's been beautiful here despite the wildfires we've had some extremely nice 70 80 degree days with with with the breeze blowing it's been fabulous but as far as mark goes he's sitting on the fence put it put a date on it it's like put a date on it you know say i'm going to make a decision i'm doing about this by june 15th july 1st whatever you know 2023 set and put a date on it because if you just endlessly thinking about trading or thinking about doing something you you never get to it you just never get to it you never manifest that goal you never take the necessary steps to do it but it is about having a hundred percent conviction and it is about empowering yourself to trade so i teach people my strategy once a month in a class and again i work from home i work from home and i love my new office i love my new office i'm very happy here again it's not totally situated but i was just sitting here the other day thinking wow i'm like this is i'm so happy that i actually have this big room i can work in i i paid for a third tv to have the cable here in my room so i can listen to cmbc in the morning you know it's make your office a place that you want to be and you want to trade in a happy place so you could get stay focused again get a couple of notebooks take notes get up early in the morning i'm an early morning person you know you don't want to be rushed to take a trade either you know if you're not ready if you oversleep if you're feeling sick then just take the day off but anyways my class is called the golden gat course it teaches a 26 point rating system to find the best stock to trade each day the course also teaches you how to enter and exit the stock on the day the course teaches price analysis and technical analysis on an advanced level and it teaches one solid strategy to trade gaps effectively by reading inside of power and charts it teaches to reach support and resistance to take positions in the right direction and it teaches a more proficient and advanced way to reach charts focusing on technical analysis and gaps it teaches how to get conviction with your trading and the market as a source of wealth by trading with a side of power so my class is called the golden gat course it's a full two-day course on how to tragically find pick-and-play stocks that are professional bearish gaps the class is online you can use it for day trades you can use it for options i do both the class for june is june 24th and 25th which is in two weeks class tuition is $69.99 the class is online i'm doing a turtle sale for this week going on through friday i took this picture this is a great picture this is a pond in the park i took it you can see the the the skyscrapers through the through the pond and these little turtles i'm telling you it's done to go into the park for me and relax every day it's been just amazing for me but the turtle sale is you save a thousand dollars off the class so instead of paying $69.99 you pay $59.99 it's going on through friday i'm also offering the trading room and the newsletter free with the class and this turtle special through the end of 2023 which is a nice bonus and a nice sale and and kate's sending everybody to the offer there and again we had great results for may we're on target for june just getting back to what mark was saying he's saying he's sitting on the fence again there's a difference between taking risks for risk sake okay and then just taking a trade and not letting it uh or taking any trades at all and not having any conviction in it and doing something where you're where you're unsure of yourself so again i was saying that i live along the park there's a lot of birds in the park there's actually hawks there's red tail hawks in central park so i live in a building and i went up on the roof this was a couple weeks ago actually was the end of may and the the view on the roof i remember when i was looking at this building i remember it was amazing so i was here for a couple months before i went up in the roof i went up in the roof by myself and i saw a red tailed hawk on the roof it was an unbelievable sight first of all he was huge and any of you here i encourage you to go to my youtube channel the stocks whoosh on youtube i actually took a couple videos of the hawk it's it's it's on my youtube in the shorts anyways ever since then i've taken everyone that's kind of visit me friends have kind of visited we've gone up on the roof and seen the hawk so the hawk hunts i think he lives on the roof i mean i haven't seen the nest i think he lives on the roof and the hawk when the hawks are hunting so i see i see them circling you know if you live in the northeast there's about two million uh red tail hawks actually in the united states so they hunt and they go in a circle circle when that hawk goes down to get a rat in central park he is not 50 50 about killing that rat for his dinner he is going down and he is getting that rat and he is taking that rat up to the roof to eat that rat okay that's how you have to be with your trades that's how you have to be when you go after something in the market think of the hawk okay and if you go and you see the picture of the of you see that video the hawk he is more than two feet and he's massive and the most exciting thing about seeing him was how close like i don't let no human being would ever be as close as as they could get as i saw that hawk that's on my roof like if i went up right now he's up there but when you have a a bird of prey like that that goes after their dinner okay they aren't there to mess around and that's how you have to look at trading okay so he's gone after the rat he's gonna eat and that's how you have to be with your trading that's how you have to be with it that's serious because you can lose money it when you're risking money in a trade and you don't want to lose your money you don't want to lose your dinner and you want to make money too okay so think of the hawk all right going after something to win any other questions here before i'm done but you gotta you gotta go see that video the hawk it's like unbelievable actually it's on my on my youtube any questions here listen thanks so much for having me email me and Melissa the stock switched out cloud if you have any more questions yeah we have a lot of red redtail hawks here in california i think we have a million of them for something they're beautiful beautiful and they're beautiful to watch uh and they help keep the rodent popular