 Reggie Todd, the GRJ can share with us Reggie is here, RK and others. Again, I want to welcome Brandy and others. This is Online Trader Central. Your host and presenter today from thesoxwich.com is Melissa Armel. Start time in three minutes. Thank you again, everyone, and welcome. Hello, everyone. Welcome. This is Online Trader Central. The hosting presenter today, Melissa Armel, presenting Make $1,000 per day, creating one strategy, creating one strategy. So with that, let's begin the percussion. Okay. And please put your hands together and welcome our host and presenter today. The topic Make $1,000 per day, creating one strategy from thesoxwich.com. So much, Kevin, and everyone with Online Trader Central. Welcome. Thanks for coming today. My name is Melissa Armel and I own a company called the Soxwich LLC. And today I'm going to be talking about making $1,000 per day trading one strategy. And it's actually the only strategy that I trade. I'm a day trader. You can use this strategy for overnight trades, for swing trades and core trades. Your risk would be different. We're going to talk today about one overnight trade. But the main focus of today's lecture is going to be about doing day trading. And I call this chunking it out, because if you're looking to make $1,000 a day as a day trader, you're really chunking it out of the market to make enough money to pay yourself for a living. If that's why you want to trade. When I decided I wanted to trade the market, that was always the reason that I decided I wanted to trade. For some people, I'm sure they just want to make extra money on the side. But if you really want to trade the market for something that's a full-time job, I'm telling you that it's possible. It's something that you can do using this one strategy. If you'd like more information, you can email me at Melissa at thestoxwitch.com. You can also go to my website at www.thestoxwitch.com and go to Twitter, Facebook, YouTube, Pinterest, LinkedIn, Skype, and even call me if you have any questions. During the live webinar, if you have questions as we go along, you can ask me and I'll see the questions in live time. And I can answer them in live time as well. You can just write them there in the room. I'm going to start out here with telling you, and this is a quote by myself. I'm quoting myself here. Nothing is too good to be true. Anything you desire is possible. This is my theme for the month of March because this is truly what I believe. There is nothing that is too good to be true. In other words, is it too good to be true to make $1,000 a day training? The answer is no. Anything you desire, if you desire and you really want to make $1,000 a day training, you can. You can do it. I am living proof that nothing is too good to be true and anything you desire is possible. And for those of you that have been following me for a while, you may already know this about me. And for those of you that have never met me and don't know anything about me, you will see this over time as you follow me. I am living proof that someone, one individual can actually trade the market successfully and not only that, that if you have dreams and goals and things you desire that you can accomplish them. And I am motivating people to do that because a lot of it has to do with what you believe. It's about perception. I'm going to talk about that more later today as well. So if you've ever thought about day training and don't know where to start and really need a reliable strategy, then that's the reason that you might be here. And you also might be here, as I said, because you're really looking for a new career. $1,000 a day, basically there's 20 trading days in a month comes out to be roughly $20,000 a month. And that's roughly about $240 grand a year, give or take holidays. That's enough that you could do this for a career. And if you're feeling like you're behind the eight ball in your life or in your trading, then you've got to stop and reevaluate and maybe change something that you're doing so you can get on the right track because it is never too late. It is never too late. If you feel stuck in your life or in your trading or in your career or wherever you are at this place in time right now today, March 2nd, I'm telling you it's never too late. It is never too late to change your life. It is never too late to change something in your training. All you have to do is get up like this guy here. He feels very cramped in this box, but if he just stood up and looked above and outside and beyond himself, he'd realize that there's a whole world out here and there's a whole market. There's a whole another way for him to trade and he just never thought about it. He never conceptually even thought that there was something that he could do in the market to make $1,000 a day. He never even thought he could actually trade the market without going and working for some hedge fund. He didn't realize he could even do this from his home with a computer and internet connection, but the fact is you can and you can do it with your own account. And the time is now. The time is 2015. The time is now to make the changes in your life and actually 2015 is going to be a very significant year in the market because it is going to run. It's going to run higher. It's continuing to run higher and it's going to be a great year with a lot of volatility momentum to trade the market. So if you think it sounds too good to be true that you can make $1,000 a day trading and stop and think again because it can be done. Billions of dollars run through the market daily. So earning $1,000 a day if you break it down again, again chunking it out as a day trader means you'd only be taking a small piece of what the market offers on a daily basis. Day trading is very profitable and it is one of these things that as soon as you book the trade and you have the money and you're out of it, it's yours. It is a highly lucrative and expeditious manner to trade and profit. What do I mean? I mean it's fast. Like you take the trade today and you're out of it today and the money is yours today. Could you take the money out of your account the next day? If you have a retail account, yeah, you can. I've done that before. So if you have a prop account, maybe they may have certain restrictions because actually the trades aren't settled for approximately three to five days, but if you have a retail account, they'll let you take the money out that you make the next day. So where can you get paid like that? If you have a job that you go to, you don't get paid like every day. You go to the job and you get paid once a week or bi-weekly or bi-monthly or once a month if you have a commission job. So the great thing about trading and what I love about trading is that I can pay myself whenever I feel like it every day if I want to and you don't have to do that. But I'm saying the very idea that you could is actually exciting because the money is there and it's fast and it's yours. So how do you do it? One strategy and one focus. And what I tell people when they come to me, I say you've got to focus, focus, focus. So many people are out there trying to learn snippets and tidbits of lots of different things. Then they wonder whether they're not profitable, whether they don't see the consistency because they're all over the place jumping from thing to thing to thing to thing. You have to stay in a structure. My class is a structure. The way I train is very structured and I am trading more structured now than ever not just because I am trading live in front of people in the room every day but also because the market is extremely bullish right now. And so I have to be structured with what I do. So how can you do it? Well it takes more than hard work to get to this level of success as a day trader to earn $1,000 a day. It actually takes ingenuity and a detailed plan of action to trade. Again the plan of action is the focus. The number one key ingredient to becoming successful as a trader is having a specific strategy that can offer you reliable and consistent profits on a regular basis because it doesn't do you any good to rely on this as a job or source of income or as a career. If you are having one month is great and the next month is terrible and then one week is awful and the next month is great, you have to be consistent. And so this type of trading success and financial success in the market is by design. You've got to have a niche and this is what I do. I have a niche. And so I've been able to actually replicate outstanding results over and over because I have a niche and an edge in the market and it's the strategy that I trade that I created. It's why I have an edge. It's one of the reasons why I've called the stock market long, which it is higher. This is a chart of the spy. This was from Friday, but it's one of the reasons that I've been able to call the market so well. So even today, even today I called the market long and I looked at how it would be closed and the market was long today. I called the market long in the room today and we've been up 7,000 days and I called the market long and it worked. Intraday, in the room I called the market long today. I didn't go long the market today, but I called it and it worked. And one of the reasons I've called this market so well intraday and in the long term is because of my edge, which is the strategy I'm going to talk to you about. And I'm going to continue to reinforce here that this market is higher. So why is an edge important? Because it sets you apart from everyone else from the crowd. Most of the people that trade in the market as individuals actually lose money. That's a fact. Does that mean that you can't do it? No, but it means you follow the crowd. They're going to have the results of the crowd, which is that most people lose. Why do most people lose in the market? One is the reason for this. There is, why is the number of successful people in the market small in comparison to the number of people in the market that actually are successful? Is it about these people that are successful work really, really, really hard and everyone else is lazy? No, not necessarily. Although there are some people that actually are lazy traders, but it really comes down to the fact that the people that do well understand the value of money and they understand their thoughts surrounding money, the value of it and their thoughts surrounding it. I have a lot of sayings, but this is one of them that I'm going to talk about today. This is me. This is a picture of me. It's align yourself with like-minded people. If you want to do well in the market, then you need to align yourself with people who are successful trading. If you align yourself with people that are not successful trading, then it is going to be challenging for you to make it. So you've got to listen to what I'm saying or anyone that you go and you hear a lecture or talk about whatever they do and I specifically day trade US stocks in the stock market. I'm an equity trader. You have to align yourself with people that are like-minded. One of the reasons that I have been able to call the market well is because I'm reading the money that's in the market, that's buying it. So my thought process is my mindset is that I am able to read money. I'm able to read control in stocks. I'm able to read when people are selling a stock and I'm able to read when people are buying a stock. Now we're going to talk about this because this is the strategy that I trade. I'm basically reading control in this strategy, but you have to align yourself with people you want to emulate. In other words, this is a picture of Manhattan. If you want to be successful, you have to find successful people and you have to replicate what they do. Otherwise, you'd go in on your own. Now, when I started out, I actually knew that I was a successful person because I was very successful in the mortgage industry. That's what I did before I started trading. So I knew I was a successful person and I didn't know any successful traders. I didn't have anyone to emulate. That was a tough, tough road for me. It's easier for people to find me because it can emulate me, my trades, what I do, or my strategy be in the live room and take my calls. But if you're out there on your own just trying to learn it in the market and you don't have anyone to follow a structure or a mentor, it's more challenging. I'm not saying you can't do it. You can. I did it. I did it by myself, but it's a longer road and it'll take you longer. Anything that you could do to shorten your level of success to make it that you can be more successful faster, you want to take that path. If you can get on a path that shortens the timeframe for you to get to the level of success that you want financially from point A to making $1,000 a day, you want to take that path because time is valuable. And the point I'm trying to make is that success is contagious. It plays off of itself. Just like when you get up in the morning some days you have a bad day and you have a bad day and you seem like nothing is going right. And then all of a sudden, one thing is one thing and one thing and all of a sudden you feel like the whole day is falling apart. It's the same way when things are going great. When I get up in the morning I take a great trade or I go to the gym and I go take the cycling class and I feel pumped up and I go back and I hit it in the morning in the market and then I make money and then I do something else and something else and something else and then my whole day is fabulous. And then all of a sudden I'm going to bed. Success is contagious. It's the same way with your positive energy when you're making things happen for yourself and it plays off of itself. So if you align yourself with me, I'm a very successful person, not just in my trading but in other areas of my life, it falls over and it has an effect on you. And so I'm telling you, think about this when you go and listen to people. Oh my goodness, seeing me here today. And actually this is just even if you have friends. Like if you have friends that you are traders and they are not doing well, maybe you want to take a break from talking to them every once in a while because it actually can have a negative effect on you. I have a live trading room. The trading room comments are closed off. I'm the only one that can see the comments and that was one of the best decisions I ever made. Some people don't like it because they want to talk to other traders but you know what? It doesn't do them any good because I find that traders tend to talk negative to each other. The best thing that you can do is listen to me because I'm successful and just follow what I'm saying and do it. Because when you're talking to other traders and commiserating with other traders, it doesn't benefit you at all. I'm the one that's doing it. I'm the one that's successful. Follow me, make the money and go on with your day. Talking, talking, talking, talking, talking, going over things with other people that trade actually doesn't benefit you at all. This is an individual sport so to say. It's like playing tennis, unless you're playing doubles. You are doing it and you're out there by yourself and you're the only one pressing the button. When you get in and when you get out it's up to you. It is an independent activity. I'm a very independent person but if you don't like that then maybe you're not cut out to be a day trader. I'm telling you right now you kind of have to be an independent person and I find the most successful people that come to me, the people that are making the most money that are in my room are actually extremely independent and they're very confident people as well. Now confidence is something you can build on. Obviously, you learn what I do and you gain the confidence over time. So how can you make $1,000 a day trading? Number one, you focus on one strategy. It's what I trade. It's called golden gaps. We're going to go over what that is in a minute. Number two, you pick the best golden gap possible which is the best stock pick each day. How? You use a rating system. It's a point system that I design. We're going to talk about that as well. Number three, you risk an amount of trade if you want to make $1,000 a day. I'm telling you risk has to be between $4,500. I'm giving you an average. Then you want to take an entry in the best qualified golden gap in the one-minute chart. We're going to discuss those trades today. And then lastly, and not least, you did not trade when there are no good gaps. I actually didn't trade today. I didn't take one trade today. It's Monday, March 2nd, the first day of the month and I didn't like anything. It was one thing I watched. I'll tell you right now I watched one stock out of the open and it actually got halted. It got halted before the open so I never took it. Nothing else rated well. I didn't do anything else. I didn't trade today. There weren't any good gaps. There was one. It got halted before the open. Couldn't do it. Never set up. Didn't take it. Didn't even look at it. I said, don't even look at it. And we moved on because you should never trade something that's halted even if it opens later. It's not going to act right. So I didn't trade today. So this is part of the structure as well. And again, it's about being structured. We'll get to the strategy in a little bit, KW. You might be impatient but the lecture is only an hour so hopefully you can be a little patient. I'm leaning into what I'm trying to explain it. I'm trying to get you in the proper mindset here. And Eric says, I'm beauty and brains. Thank you very much. Anyways, let's talk about what is a gap. KW wants to know what's a strategy. The strategy is called the golden gap. Now I'm going to look here at a long, even though I like to do shorts. This was a long. Okay. Now I squished this here so you can see this really, really tight, the candlesticks. But the chart ticker symbol is rust. The stock gapped. This was last week. The stock closed here the night before at one price and then gapped up and opened the next day at a different price. So what is a gap? A gap is something that closes at one price. A US stock market closes at four o'clock and then it opens at a different price at 930. You can do bullish gaps and you can do bearish gaps. This is a bullish gap. I'm showing you an example. So you can do bullish or bearish for gaps. Okay. I prefer shorts though. I've got to be honest with you. But I'm showing you can use this for bullish too. Okay. Now when I say golden gap, what do I mean? A golden gap is a gap that moves in the direction of the gap. For example, a rust gapped up. You would have rated the gap and it was a long. It is called a golden gap because institutional traders and investors are making and creating the gap. In the case of a short, they're selling it or shorting it. In the case of a long, it's getting bought. A golden gap rates 20 points or more per the 26-point rating system. That's how I'm picking which stock to trade. How would you know how to trade rust? It's gapping. First, you find stocks that are gapping. Does every gap work? No. Not even in the direction of each gap. You have to rate the gap. Okay. So in the case of a bullish golden gap, institutions are buying the stock, therefore the stock was higher in the day. How do you know if you can buy it? You have to rate it using the 26-point system. In the case of a bearish gap, institutions are selling it shorting the stock, therefore the stock was lower in the day. Again, how do you know if you can short something the gap's down? You'll rate it per the 26-point system. But I do prefer bearish gaps. I prefer bearish gaps because gaps that gap down have two things happening them to create the gap, selling and shorting. Therefore, they have the double the potential for a move. What time is your chart? This chart here is a daily chart R. I'm looking at different timeframes today, but this one here in Ross is a daily. You can see a gap on any chart, a one-minute chart, a five-minute chart, a daily chart. You can see a gap on any chart. I'm just showing here this is a daily. We will look at also one-minute charts today though. Now, the philosophy, again the full understanding, who makes golden gaps? Gaps are created with large institutional money. That's what makes the gap in the first place. And this is what makes any gap. The professional gaps that happen to 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 the large money will flow with it. By having a formula to rate and qualify the gap, you get confirmation and conviction that the large institutional money is on your side and then you play it. The confirmation is the rating system that tells you it's a good, longer, short. You're doing this before 930, before the market opens in the pre-market market. You're not getting in the train pre-market. You are qualifying and picking it and rating it in the pre-market. Gaps are an event in a chart and they create a sense of urgency. Thus an action is being forced by participants of the stock. This is why gap trading is incredibly powerful. Gap trading is so powerful. Training gaps is a powerful and profitable way to trade because you're trading inside of money. This is the number one reason why I've accurately called the market in the last two and a half years. Longer than that and why I'm continuing to call it so well is because I'm reading the gaps in the QQQ and the Spine ETFs. You can read gaps and qualify gaps in anything to gaps, whether it's an ETF or a company. I prefer companies, but this is a personal preference. You can use the rating system for the market ETFs or any ETFs. Now, what do I mean by institutional money? I mean a lot of money. I mean billions of dollars, millions of dollars. That's why these stocks move. Markers having trouble with audio. Kathy or Kevin, can you help him out and can everyone else hear me before I continue? If I'm, oh no one can hear me, please let me know. Can everyone hear me talking because I never stopped? Hello? Is anyone there? Okay. All right, thank you. We'd help our out then, Kathy. He's having trouble or she, I'm not sure. All right, let's talk about what I mean by institutional money. Now, I said you could use this for swing trading or day trading. This is a swing trade call I made. This is a great call. This was Netflix. So, Netflix in January 27. I did this in a previous webinar actually and then I just looked at this the other day. Netflix here in January 27 was here, but the stock actually gapped up here. This was on the 21st. So, again, Netflix closed the night before here at 350 and then it gapped up. It gapped up here to 400 something, wherever it opened, 415, 413, wherever it opened and you could have bought Netflix. Could you have bought it on the day you made any money? No, but it was a swing trade. It was a swing trade and it was actually good long and the stock rallyed then and on January 27th, here's where it was. In one of the previous webinars I talked about the fact that if you've done the swing trade call I made, it was a long. On 122 I made the call on this day. The entry was 415. If you took it at the worst price, you could have taken it on the day. Like you could have gotten a better price on that. Stop was 380. This is big, but I'm talking about an overnight. Risk was $35. Again, this is different than day trading, but I'm using an example to show you the power of institutional money and gaps and how you can use it for day trades, which we're going to talk about in a minute. The first target I had a Netflix in the swing trade letter was 435, 450, 465. If you only took 100 shares of Netflix and risked $3,500, again, this is an overnight. You would have currently already been up. This was on the 27th. This was six days after, no, it was three days. Six counter days, but three trading days after the gap up of taking the swing trade. If you stay in Netflix until it reaches $500, you could make $8,500. Within three days, you actually were up already $3,500. That's what you would have risked. Let me just go back here. If you took this trade here in the swing trade call and used my strategy to do an overnight, you would have made the money and never, it never looked back. This is 1234 and here you are within three days of this. You were already up the money you made in the trade that you could have taken it. You already have $3,500. These bars here are not accurate. Something was wrong on my platform these days. So ignore those. But here was the day of the gap and here's the long trade I call it in Netflix as a swing trade and then here's the 27th. Okay. Now where are we today? This was as of Friday. Today we were green in Netflix too. Here's the day I called the trade. Look where it is. It never looked back. This was a great call. I make a lot of calls like this. This was a great call. 435 hit, 450 hit, 465 hit. Every target was hit. It's on its way. It was in $14 of the dream target, which was 500. If you were actually not the dream target, but the next target, which was 500. So you're up $7100 if you did this trade. Some people in the room did do this trade. If you want the dream target though, you can sign up for the swing trade letter. There is a dream target on Netflix. 500 is in the dream target. That was a realistic target. It's almost there. You're up $7100. If you did this trade here, it has never looked back. This almost has gone completely vertical up. It's a long, but on the day here, if you would have looked at this and tried to short it, I thought it was lower. You would have lost because this was not a short. Again, how do you know what to do with this thing here? You get up and you rate the gap. You see the gap. You find it. You find it, and then you have to rate it to determine what you should do with this. Is this going to continue falling, or is it going to continue rallying? It fell on the live day and the day as a day trade, but they continue rallying in the overall. How do you know what it's going to do? You have to rate the gap. So that's how you know. Okay. Let me answer some questions here. This was a great call. How many swing trades can you take? Be up in them, be up in them, and up in them, and go straight up in them. Straight down if it's a short. Not that many. Again, the power of the gap. This is an event in this chart of Netflix. This will apply to futures as well. I don't train futures, Jimmy Kay, but I have had people ask me that. I have had people do the class that may be doing that. I'm not doing that. You would have to take the class to apply the information. You would have to just rate the gap and you could do it with the market. So you would have to know how to do a futures trade because I'm not teaching you that. I would teach you the equity trade, but I wouldn't teach you the 26-point rating system, and I would teach you how to read a gap. And then you would take that information on applying it to take a futures trade. You'd have to know how to do the futures trade yourself. Okay. TNT has asked me a question about earnings announcements. That's one reason of a plethora of reasons why stocks gaps. In other words, a stock could gap for earnings, a stock could gap for downgrade, a stock could gap for news. LL got hot today and gap down, not got hot, but I watched a gap. LL had was on 60 minutes last night and some big news came out of it and something happened and I didn't watch in 60 minutes. But that stock gap down from something from that and other things too. So there's a million reasons why stocks gap. The market gaps every day and the market doesn't actually have earnings. So I mean, stocks gaps all the time for lots of things. You do get a lot of gaps in earnings season because sometimes stocks gap on earnings, but not all the time, but often, but there are many, many reasons for stock to gap. So it has nothing to do with whether it's earnings or a downgrade or news. Somebody could be going bankrupt and then a gap's down and I rate the gap. So it's just one of many, many reasons to look for gaps, but that has nothing to do with anything as far as me liking it or not. It has to rain more than 20 points for the 26 point rating system or I don't want to do the gap. I don't even care if it's earnings. It could be an earnings gap, but if it doesn't rate well, I'm not doing. But there's a million reasons for stocks to gap. Same thing, Monty is asking your options applicable to your method, same concept. You would know how to do the option, but you'd rate the gap. Then you know what direction to take the option with a longer short, Monty, and you would have to know how to do the option because I'm not going to teach you that. Would it make sense for every single gap? No. Some would not make sense when you would look at the option cost, but some would and some actually would be cheaper than doing the equity trade, Monty. You'd have to look at each one individually. What scanners to use to find these stocks? I don't have any scanner that I pay for. I just use my platform. It's free. Every platform has a scanner. Do you use a gap strategy to trade crude gold or something that trades almost 24 hours? No. It has to gap. If it's open to a 24-hour market, then there is no gap. The 4x market only has one gap because it only closes once a week. So if there's a 24-hour market, you don't have the gap. A gap means the close to the open, and that's why 4x only has one gap a week. You could use this for that, but it's only one a week. Do I have a fame gap? No. If we have time, we'll talk about the end. Jimmy Kay remind me. That's too long of a question to answer here. So what do I do? The golden gap 26 points rating system is how I determine what to do. That's how I know what to watch and what to trade. What is a 26-point rating system? Tell me. It measures gaps by rating them with a daily chart to find stocks to trade that have, number one, a high probability of directional bias for the entire day. Number two, a big move in the day. Number three, early confirmation of the bias, and a move between 9.30 and 10. And number four, precise entries with follow-through on a good risk to reward target potential. Now many, many, many, many people ask me, they want to see results. They want to see this. They want to see that. If you want to trial a live trading room, you can get a trial for a week. You can email me tonight and give you a trial. If you want to join the room, you can join unless you do my class, which I'll talk about at the end. I am running my own business and trading full-time. I only have a certain amount of time of the day and I actually have a life because I live in an amazing city. It's called New York. So I am giving you here a window into the last week of trading, of every trade I called in the last week in the room. You want to see my results, which was the last week. You want to talk to anybody who's in the room. They'll verify everything I'm saying here. I called and did. And actually, I think I even take the room every day and it's on YouTube. I think I take the room every day but Friday. But I'll go over Friday's trades here too. I think I take the room every day the last week. So you can hear it live on YouTube. Let's go over it. If you did the trades and we're in the room in the last week, how much money could you have made? Way more than $1,000 a trade. But the risk I'm going to use here is a little bit more than $500. But you could divvy it up in two and you still would have had a great week. Now, what was the one on the 24th? February 24th. Stock closed up here the night before it gapped out. Again, someone asked about the time frame. This is a one minute. Okay. So I need to know I like this before it even does anything, which I did and I got up in the morning. I rated the gap. So it gapped down. A shorted. This was a short. All the examples I'm going to show here, the Netflix was a long. Don't get confused. Netflix is a long. It's an overnight. I'm going to go over shorts here now. These are day trades. This is what I do. I like to short. I prefer to short. I do go long sometimes, but I prefer to short. Anyways, when was a short? Boom, drop. And that's it. You actually could have done this trade very, very quickly. Price of the entry is $818. This is an advanced risk of $700. You don't take this if you're new, but if you know what to do, you can. Plenty of volume and win. Volume and actually the volume power you would have needed because this was a cheaper wasn't even that much. Exit. This isn't even the low of the day, but this is a target. Profit was $1,800. Risk reward is 2.5. This is a good amount. This is more than $1,000. If you had risked $350, you would have made almost $1,900. If you would have risked between $4 and $500, you would have made over $1,000. And if it was $700, you would have made 800 bucks. Here it is. And you would have made $1,800 in this timeframe. See that? MJ wants me to address the gap back in October on which chart. I'm sorry, I didn't see that. Are you talking about Netflix? If you're talking about Netflix, I'll go back to that here at the end too, and then talk about the gap fill question. I think we'll have time. TNT, if you've never been to New York, you certainly should come. It's a fabulous place. Manhattan specifically. Anyways, so this was a good trade. There it is. So this was on the 24th. We'll go back to the Netflix, MJ. Now, someone asked me this in a webinar the other week, does every trade I take work? No. That's completely unrealistic. Otherwise, I'd never use stops, and I do use stops. I use heart stops. Why? Here's a good example. This is one trade from Friday. We are going to go over this trade. It didn't work. It was a gap down that didn't work. Not all gaps work that gap down. JCP failed, and I did lose in this trade, and we're going to go over it. But this is why you need a system, because if you don't have a system, you might take a lot of things down and try to short them and not have a high odds of success. The remaining system is designed. This is the reason I made it up. It took me three years to do it, to find trades that have a high probability of success. Will all work? No, they won't. You have to account for the fact that some won't. But that's why you're looking for the highest odds ones, the highest-rated ones. That's why you're looking for ones that have good targets with the highest-rated potential for getting a good risk to reward in them. Risk to reward means you want to make two, three, four, five, six, not 50 cents a half an hour, a little bit of a trade. You want to actually get paid. I'm not a scalper. I'm a momentum trader. The momentum just comes in fast, like in this win. This is just fast, but this is the momentum in the stock here to the downside. I'm not a scalper where I'm going to take something like, I didn't take this here and get out here. I'm looking to get paid into the drop, and this was a two and a half hour trade. It's because of the entry with the stop, but we're going to go over the JCP. 225 was a day after the win was HPQ. Love this gap, and I really, really made this small, but this is a one-minute chart here, as you can see. I entered the trade short, and this actually just took a little bit longer. This was not a fast trade. It actually took a little bit longer. This is a one-minute chart of this trade for the whole day in the one-minute chart, but from the time you took it, it never went anywhere but down. You were in it as long as you could stand to be in it to the targets, but you were up every second, you were in the trade from the entry. Price of the entry was $35.43. Risk is $0.30. An advanced risk on this is $1,050, so that means you can take $3,500. I took more risk in this because I really, really, really liked the gap. Anyways, first exit in this is $34.77. Sometimes I piecemeal out, drop, break through the first target, second exit, $34.61. This is not the low of the day. It actually went to $34.40, but you had to be in it in the afternoon. I tend to try again on my trades by the morning or lunch. Total profit, $25.90. Again, nice trade, two and a half risk units, two and a half hours. Now, in two days, you could have made $1,800, and then you could have made $25.90. Again, this is an advanced risk. What if you risked half that? What if you risked $500 in this trade? You still could have made over $1,200. You still would have made over $1,000, risking $500. It's still a two and a half hour trade. Same entry, same exit, same everything, following me in the live room, learning my method, learning the gap rating system, knowing even watch HPQ. How would you get it? How would you do it? It sets up very quickly. You got to know what you're watching, which I do every day. I do all my work in the morning before 9.30. That's how I know. Now, this just happened to be the exact same day as HPQ. This thing fell off a planet, went to the dream target, right into the app, and this is one of these ones, it just fell off a planet. CHK, this is on 225 as well. Open, rally, you shorted here, boom. This was lovely because you got more than $1. Beautiful, beautiful, beautiful, beautiful, beautiful, beautiful. Again, very quick, took the trade in here at 9.30, you shorted it, you're out within 10 minutes. Price of the entry is $18.40. Your risk was $0.20. Target's $17.60. Really, actually, this is a dream number here for this because it just fell out of the sky. If you risked $700, you would have made $2,800, and you would have been in this till that drop down because it actually just fell. Risk to awarding this is four times your risk made in profit. How do you know? It's a good gap. How would you know to watch this? You have to rewatch this together, you have to know how to take it, you have to take my call, you have to know how to size yourself. But again, even if you didn't do an advanced risk in this, you still got almost a dollar out of this, no matter what you took in it. So even if you only took 1,000 shares in this, or 1,500, or half the 700 risks, this is still a great trade. So I'm just an example through that or advanced, but I'm saying even if you risked 350, 400, you could have made the money in this. You would have made half then. You still would have made 1,400 bucks. So then you would have made 1,400 bucks in this, then you could have made the money in HPK. The day before was when, it's only the 25th. This is last week. These are all great trades. This is a great trade. So then the next day, oh, actually the date here is wrong. This was the 26th. Here, you can see it down here. I have the old date up here. This is the 26th. I didn't like any new gaps on the 26th. So I watched HPQ, which I liked the day before, because it didn't go to the dream target, and I knew the targets, and I liked this still. So the next day, this is Thursday, I watched HPQ to short again. This was a great call because it's actually really was not a new gap. I got to be honest with you, but I knew that it had the potential from the original gap. This is a one minute chart, which I did play the day before. I shorted this here and look what this did. Again, this is a one minute chart for the whole day. This was a better risk to reward than the day of the original gap, and I'm not saying that that happens all the time, but every once in a blue moon it does. This was a really great call because I'm not even, I wouldn't advise to do these things without me calling them in the room, because it's just me seeing that it's going to have the follow through of the what of the sell off, which it had on the day of the gap, but not all everyone follows through. But this is the second day. So I'm pointing that out, but I did this because I didn't like any other new gap. Price of the entry is $34.59, risk is $0.11, and that's what makes this a really good trade. This ended up being a 7-hour trade. It was better than the original gap day trade because of the end trade. Again, if you risk $7.15, exit was $33.80. Again, it's not the lower of the day. Total profit $51.35. This fell off very, very, very late, and it actually went down in the 60s, but this is so late in the day I don't like to be in trades really after 3 o'clock at all. And you see here that after 3 o'clock the last hour, it really fell off a cliff here. But I think it's, we really need to be out of your trades by the afternoon. But this did keep going. Actually, it went down. You could have made another $0.20 on this, but this was a great call. This is a 7-hour trade here even without, we even went to Segs in here at 80. So that's Thursday, the 26th. That was just a great call to even see that that was going to do it. And I had the number right, and I had to stop at the entry, and I knew if it went over the stop it wasn't going to work, but it did. And I had 100% conviction. And again, it's because of the gap rating from the day of the gap, which was the 25th. So it was the 25th gap, but I saw the follow-through. That's how I read it. I read the control of the continuation of the follow-through to sell off that was going to come into it. Which does not always happen. I'm telling you, but I knew the gap rating, and I understood how it was acting on the day of the gap, and then I saw it into the open here on the 26th to take the trade. It may not have set up, but it did. I mean, you never even know. You don't know if it's going to set up or not until it actually the day opens. That's why I don't take them pre-market, because what if something happens and it doesn't set up right? And LL is a good example to take because it never even opened. So if you were in LL pre-market, you were stuck in that through the hall. So I don't trade pre-market, and I don't trade post-market, but I do my work then, and I still have to wait for the setup, because I could rate the gap and have everything perfect, and then it may never actually set up. I still have to have the setup, and that's the good thing. I'm looking for the institutional positioning of the gap on the day chart, but then I'm taking the entry in the one minute, but it still has to set up. And you have to learn the setups, which I teach in the class too. Now let's look at the one that was a dinker. This was JCP, this was Friday, it didn't work. So JCP, open, rallied, rallied, okay, shorted it. Actually, I was up. I was up in this, but again, you know, I just don't scalp. So I didn't take anything out of this. Again, this is me, I'm looking for a move. I was up in the straight, though, when I took it. I didn't get out of it. And then it stopped me out. And it actually stopped me out a little bit above where I was, but you know, I was up in this before I got stopped out. You could have, you could have scalp this. I just didn't do it. I was looking for this to go and break and go and go to the target. It did not follow through. So if you took this train, it was a 17 cent risk. Oh my gosh, just remembered something I was going to say earlier today in the room. Hold on, let me just write it down. I just remembered I woke up in the middle of the night, the other night after the JCP on Friday, and I remembered something and I just remembered it. I'll talk about it in the room tomorrow for anybody that's here. I just remember what I woke up in the middle of the night on Friday and remembered about this. I just saw it. Okay, sorry, I had to write that down. Anyways, the point was, this didn't work. And I got stopped out. And I actually got stopped out of this and lost even what I, what I risked because it pooped me out of it. And sometimes it happens when you have a lot of size. Anyways, this was a loss. Okay, total profit was zero. It didn't work. You're still up for the week. You're still up for the week from the 24th from the 25th from the 26th to date. The date of this is the 27th. It's Friday. You can see down here. And this was the one. WTW on the 27th opened and fell off a cliff and went just to a number that I didn't even have written down. And you wouldn't have even, you wouldn't have even been in this all the way to the bottom. But you would have gotten this. This was a gap that happened on Friday to the day of JCP. JCP failed. This one worked. You would have shorted this here and you would have gotten this. And I mean, again, you're not, you're not trying to get everything to the lower of the day. That's unrealistic. Sometimes I do have an exit that's near the lower of the day, but that is not what I'm going for. I'm going for the perfect pick. I'm going for the perfect direction to take it, whether long or short. I need to know it. And I'm going for the perfect entry. And the perfect entry is what gets me the size. 20 cent risk in this 3,500 shares, risk is $700. Again, your risk should be same or equal to the same. Here's the first drop. It actually moved to $1.60. It was insane. Anyways, in this first move here with the 20 cent risk, it would have made $5,600 for the 700 risks. This is a great trade. Eight risk units. But I'll tell you, this is just as good as the HPQ over here. This was 7 Rs. It took you longer, but that's just as good as this thing here. Again, this ended up going, oops, this ended up going all the way down here. You can see I'm breaking $11. But you would, I mean, once this happens, you're up all that money. You're out. You just don't even worry about this. Okay. So, let's go over it. So, that was Friday. So, room results last week. All trades including one stop. So, there was a stop. With an advanced risk of $7,750, and you can divvy this up by two because say you are only going to risk $350,000, $300,000, $400,000. Total risk for the week though, here, if you're looking at it was $45,45, total profit $17,925, one loser, five winners. That means a win ratio of 83%. Everyone wants me to track my trades. I don't do it. I don't have time. I don't even care enough to do it. The only reason I would do it is to sell classes. And I guess I figure I'm not good. I don't need to worry about doing that to sell classes because you can come and watch me trade. And you can talk to people that did my class. Okay. But I am pointing it in here if anybody wants to know and I tape the room and it's on YouTube. Okay. So, percentage win ratio is 83%. Wrister reward payout was 3.9. That's pretty darn good. And that is above average all around money, win ratio, percentage, risk to reward, the whole shebang. Okay. And this is why I have a successful business. This is why I make money trading. This is why I live in Manhattan. And this is why people trade with me and are there and people took the class and are still paying to be there to get my calls. Okay. So, you have to decide if this is something for you. I don't know. Maybe you don't want to train to do it for a career. But I'm telling you that money is there. This is way more than $1,000 a day. Now, the risk is $700. And one of the trades was more than $1,000. But I'm saying if you even divided by half, you divided by half, you still could have made $8,000 more than that from the week. That's in a week. Okay. And there's five days in a week. That's more than $1,000 a day. That's where the losers are too. This isn't trading a million things though. I have one top watch or two top watches a day. And that is it. And I do call the market like I called the market long today, but I don't personally do it. I do like to look at shorts every once in a while, look at a long. I have called and done some longs this year. But I prefer the downside. But you don't even need to risk this amount to make money to make $1,000. I'm just showing you here. No, this is exits. Not everything got to the target. Some things went past the target. TNT is asking about stuff. First of all, JCP failed, didn't go to the target, obviously. But you know what? This worked today. I looked at that before I started talking. I was like, you've got to be kidding me, you stinker. Anyways, that didn't go to the target. This one passed the target. HBQ actually went to the target of the day of the second day, did not on the first day. CHK went past the target. I know where these are. I teach that in the class. I'm right in the room every morning. And when didn't go to the target? Some did, some didn't. So I went to dream target, some didn't go to the regular target. How do you know? I show you the targets. I teach it in the class. I also teach you exit signs. So you have to still get out of the trade, okay? If you are up and you see an exit sign, that is too long to discuss. I teach that in the class. I'm not going to be in a train and be up XYZ, see an exit sign and hold it through when it's reversing against me and I have an exit sign and I know the trade is done. Sometimes the trade is done and it's not going to the target and you have to get out. But then sometimes you get something like this and it falls off a planet and you didn't even know it's going to fall off a planet when you take it, but it does. So it all evens out. It all evens out. You have to know how to trade. And if you know how to trade and take the interest right and watch the right thing to trade and take in the right direction, you're going to make money. Some days you'll have a great exit. Some days you'll get out too soon. I never get out too late actually. I just don't do that. Let me just see what else I was going to say. Here, what account size do you need to start per your trading method? I'm not going to tell you to take a certain amount of risk. That's on you. I have people in the trading room that are risking $50 a trade. If you're going to afford to risk $50, do it. If you're going to afford to risk $700, do it. You have to decide. This method has no set amount. You have to be able to open up an account and take a day trade. You have to be able to actively day trade and you got to go to broker that you can get shorts. How much money do you need? Hey, whatever you can risk, you can make money. Some money is better than losing. If you're due well and you build up your account and you keep the money in there, you can maybe one day risk more and more and more and more and more and more. You can use my trading method to risk however much you want. Small, little, and medium. It's up to you. It has nothing to do with that. It has to do with what you can afford. And I can't decide that for you. And you have to be comfortable with it. Now, what you're trading accounts should look like. And this is actually my point. And this is not only what your account should look like. This is what your week should look like. This is what your months should look like. This is what your year should look like. Up, up, up, up, up, up. Now, if you have a $400 risk unit in here and you make $3, it's $1,200 on the low end. $6 in the middle end is $2,410 in 10 Rs. None of those trades were 10 Rs. But actually, if you had that TW all the way down, it was more than 10 Rs. That was a sick trade. Actually, HPQ, if you had stayed in it longer, which I didn't because I didn't want to stay in it past three, the second day on the HPQ, it was 10 Rs. If you make $1,000 a day, you would average $20,000 a month or approximately $240,000 a year. That is a nice, nice amount. Again, same amount here. If you want to risk $500 or risk unit, you're probably going to make a little bit more. Three risk units, $1,500 a day. The Golden Gap system gives you a high percentage of success rate. I just used one week's examples, but it is a high percentage of success rate. Why? It goes back to the strategy. The number one reason why this is successful, why I make money in the market is all because of the strategy. I am good at entries. I am good at seeing them. I'm good at the targets. I am good at all of that. But it's really the Golden Gap rating system that has made me good. It's because I know it to watch that I get the entries. In other words, if there was a stinky trade, I would never get these great entries. I'm seeing it because I'm seeing it because I'm getting it in a good gap. You will only get entries like this in the gap. I would never trade in a one-minute chart this aggressively or do anything like this in anything other than a good Golden Gap. They're rated 20 points or more. I wouldn't do it. It wouldn't work. The way that I trade, the way that I take the trades, the entries that I know how to do what I do, I could never do in anything else. It wouldn't work. This only works in Golden Gaps that rate high. That's why you get the move and the sell-off or the buying. I did plop a testimony on here because JJ wrote this for me and just sent it to me. He said, Melissa's room is awesome. He wished he would have found it sooner. I forget how long it's been trading. So far, I took 14 profitable trades and only two losing trades. That's better actually than even the show-ins I showed you last week. The losing trades were small losers. That's another thing because I used the stock. A good bit smaller than the average winner. Actually, in the very first few days in the row, I made up money to cover the cost of the Golden Gap course. She's very focused on her methodology. That's what makes her good. She also cares about her members and wants them to thrive and do well. That was very nice. Thank you, JJ. He's in the room. He did the class last month. He was in the room, made the money for the class and signed up. He was on a trial. I never asked him actually how long it's been trading, but I have to do that. Anyways, you know, that's actually a better percentage than what I just showed you in the last week. I guess he did 14. He must have done a lot of things. I call some things that I don't do. I truly, truly like to do one a day or two at the most. Like, I never do three things at the same time, but sometimes I do call three things or four things. So, the Golden Gap system puts the odds in your favor so you can win. You ultimately want to win. I teach a class. Again, JJ took it. This is a class I teach. You must take the class to be signed up to be in the room, which you could do the room in the trial this week before the class. The Golden Gap course teaches a 26-point rating system to find the best stock to trade each day. It teaches you how to enter and exit the stock on the day and the targets. It teaches price analysis and technical analysis at an advanced level, which I'm very good at. I trust, I trust what I say. Even if you've been trading for 10, 15, 20 years, you will learn something new in my class. There's no one that doesn't take my class that doesn't learn something. Even experienced people, because I'm so specific and advanced in what I do. The course teaches you to focus on one strategy in a detailed manner so you become a good trader. And I do my best to try to develop everyone that takes my class into good traders. It's really up to you how much you want to risk, how much money you want to make, but I think you need to determine that for yourself. If you want to speak to me about it individually, I can. You have to not be in fear when you take a trade so that you will focus on the trade itself and let it play out. Many of my trades from the entries go right a ways, but if they don't go the second you take it, you can't kill it. You have to let it move, let it go. The golden gap 26-point system really is how I'm doing it. And you've got to have an edge to make $1,000 a day consistently. What is my edge? What sets me apart from people? I have this 26-point reading system. It may sound like a really a lot of things to look at, but as far as I'm concerned, if I had a million, I'd look at a million. I'd get up in the morning at 5am if I had to look at 150 points. Anything I could do, I don't like to lose. In fact, I hate to lose, but you know what? When I get up every day, I'm actually thinking about winning. You know what was so frustrating for me about the JCP? And then of course it worked today and I didn't do it, I didn't do anything today, but you know, I did call in the room today actually, everybody that did in the room too, made money shorting it. I didn't want to revenge straight it, but you know what's so funny? It's like I want to win. When I take a loss, I'm really never upset about the loss because it's not only you lose one risk in it, even if I get pooped out of something, but I'm like upset that I didn't win. I'm like the only person that like, I was up in the JCP I took on Friday. I was up. I was up moneying it. I was actually up and I didn't get out of it and I got stopped out. I go in every day with 100% conviction that I want to make money. I do this to make money. I don't think about losing. I think about making and I get upset when I don't make it. I don't get upset when I take a loss. Something doesn't work. It's not my fault. Something my fault JCP didn't work. Me up to accept that. I get upset when I don't make it because I get up every day expecting myself to make it. Why? Because I am a successful person and I get it right a lot and I expect it to do it. You have to have something that can point you in the right direction and a high odds percentage of basis to do it and that helps you gain the confidence. If you want to be like me, you want to use confidence me, then you have to start making money. Making money involves a plan of action using a specific strategy to train and again my theme for March is that you've got to learn a method of trade that makes it possible to make money in the market. You've got to learn how to do it and that everything and anything you desire is possible not just in your trading but in your life and if you find that you're not doing things in your life that you want to do like taking a vacation or a week at all or buying something for yourself because you feel so strapped financially then what you need to do is get a plan of action in place so you stop feeling strapped financially. Say what can I do? I have to do something else to make more money. What? What is it? Or I have to do something else so I don't have to work so darn hard at my job in so many hours or so I can quit or retire early or whatever the case may be you have to get a plan of action otherwise you're out there just floundering. So I'm teaching people to trade empower yourself to trade a teach class it's called the golden gap course. It's a full today course in how to strategically find pick-and-play stocks that are professional bearish gaps. Retakes are free online the class is online you can be anywhere in the world and take it. It is March 7th and 8th from 9 a.m to 5 p.m eastern time. The class this weekend is a professional bearish gap system the one that I do every day which is the shorts. The class to the class is 34.99. If you want to sign up you can email me at Melissa at the stockswish.com. You have to email me for sign up papers they're not on the website. The website is going to have the papers on there just doesn't yet. I am doing a bullish golden gap class though in March as well if you're interested in this too. That's a great picture too. A course in how to strategically find pick-and-play stocks are professional bullish gaps. This class has free retakes too same class 34.99 this class is March 11th, 12th, and 13th. If you have a conflict during the weekend this is on Wednesday, Thursday, Friday. Now I also teach a class that is about long-term trends it's called the Trends course. This is more about taking overnight swing trading. This is the 24th and 25th from 12 to 4. This is a course in how to retrends and stock charts long term. This is 9.99. You don't need this if you're going to be a day trader although it can make you a better day trader. This is more about how to read long-term trends and stock charts. If you want to do either the March bullish class and the Trends class and the March bearish class and the Trends class you can say 4.99 and do the bullish gap class and the Trends class or the bearish gap class and the Trends class for 39.99. This is special for this month. Now let me just see everyone's questions here. And then again if you have any want to try out the room email me at melissathestopswish.com you can try out the room for the week. Now let me just look here. All right there's a lot of questions let me just look up a few minutes if Kevin just gives me a few minutes here. Uh yes MJ. MJ's asking me about real money. There are some people that actually just did the class. Actually there's only one. There's only one guy in the room that's trading on a demo because he just did the class. I you know I think it's fine if you just did the class and went to practice on a demo but I wouldn't suggest being on a demo with any length of time. I've traded live ever since the day I've traded. That probably wasn't a good idea at the beginning because I didn't know how to trade and I lost my own money but I will tell you that you never really know how to do it until you go live. Nothing is nothing I could never figure this out if I didn't trade real money. This I wouldn't be as good. Nothing that I do would ever be as good as it is if I hadn't done it with real money. Unfortunately I lost a lot till I figured this out and it was all real money but you know that's how you figure stuff out on your own but it is a long road if you go up by yourself. You have to be able to bankroll yourself. If you can't do that you should never trade with live money and you go take a class and learn like me. It's an easier road to take a class and learn like from me even though you're paying a cost. I'm telling you $3,500 is a drop in the bucket. You can make it in one trade. You can make it in a week. You can make it in a month even if you have a little risk. No one should be trading on a demo past 30 days. Otherwise what's the point? I'm doing this to make money. You need to do this to make money. You got to get past the point of being in fear. MJ that's the most ridiculous thing I've ever heard. I can't even acknowledge that question. Let's have some serious questions. What about the rates that you say you need a minimum account balance of $25,000 would be a pattern day trader? If you want to open up a retail trading account in the United States of America as an active day trader to take trades actively meaning in and out, in and out, in and out every day, the minimum requirement is $25,000. You could have a retail account with less than $25,000. You have to ask the broker. I forget exactly what the rates say. I think you can take three trades in five days or something? I don't know. I don't want to talk about regs here. I'm just giving you some pieces of information, but you really got to look at it yourself and that means you have to call the broker because you kind of a retail account with less than $25,000 and take trades which you can't be active meaning in and out, in and out, in and out. Okay. Now that being said, you could be a proprietary day trader not have $25,000. You have to talk to a proprietary day trading broker. You have to follow all the rules and regulations they give you. You're going to have to talk to them individually. There's a million places out there. Okay. I'm just going to get a lot of questions here. Where and how can we find the golden gaps? You find gaps anywhere, but rating the gaps, you learn how to rate the gaps in my class raw go. So gaps you can find anywhere, anywhere, anywhere, anywhere. Almost everything gaps every day up and down. You would learn the golden, what gaps are golden gaps, meaning what gaps have a high probability of working in my class, which is a 26-point rating system. Three and five days. Yeah. I thought it was something like that. And let me just see here. There's a lot of other questions here. Again, the account size has to do with where you want to trade, whether you want to trade at a retail active account, whether you want to trade in a proprietary day trading account, whether you want to trade an account where you're only taking the three and five days, you have to do what you can afford. People are asking questions, Ash, and we're running out of time here, and actually we're over. So I'm going to let everybody go. Thanks for letting me keep talking, Kevin. No, I don't think I got to everyone's questions. If you have any other specific questions, then just email me at Melissathesopswish.com. And if you're interested in a child to the room, then you can email me too. And if anyone's interested in the class, you can email me as well. Thank you so much for being here every day, everyone. My email is melissathesopswish.com. Thanks for having me. Hello, everyone. Again, thank you so much for your time and your participation here today. We appreciate it.