 I had tons of traffic and just got back from being on Fox News so it's for the moment thing here today they called me because the market as you know fell today if you follow the market and we are falling here after hours so I appreciate everyone staying and I'm offering a trading room trial and an open house Thursday and Friday tomorrow and Friday for everybody that came so you're all luckily you stayed and it's worth your while very good hello there Leo and thanks so much to Kathy thank you so much Kathy for holding down the fort for me so welcome everyone today's lecture is going to be just full-on charts where I'm going to talk about momentum and how you can make money trading momentum okay so if you have any questions you can just plop it in the room and for those of you that don't know me I own my own company called the Stock Swoosh and I and I trade and teach this specific method that we're going to talk about tonight based on stocks gapping so I'm just looking for gaps and I'm going to go over here explain to you what a gap is okay and then I'm going to explain to you why trading gaps is very profitable because you're trading momentum this is actually a good evening to discuss this because the market right now as we are looking at it here is gapping down in live live time and you know one of the things that I think traders struggle with and if you've been at this for a while you you know exactly what what I mean here you tend to jump around from different things to things to things like people will jump and jump and jump they'll do this strategy and that strategy and this one and that one they'll do all kinds of things forex future stocks and they'll do different mixed-up strategies and all of those things I'm telling you right now that one of the reasons for my success and continued success is because I just focus on one strategy okay and I tend to like to focus on one stock pick a day as well okay so I think that when you get really really good at one thing that helps to ensure your success because it's never about being a jack-of-all-trades it really is about being a master of one thing and I have done that with gaps so let's talk about exactly what a gap is since we're watching the market here in live time and actually if anybody galley had I see that you're in here for there's any earnings out tonight we can look at some stocks pick specifically but I think the market is a good gap to look at here but if there's any earnings out you want me to look at for stock picks excuse me I can pull them up too quala bear I see you too if you know of any earnings right now look them up but let's look at the market so what happened here today I'm gonna just go to this chart down here this is a five-minute chart market closed at 290 46 so this was the close of the spy the spy ZTF for the S&P where are we right now in live time I'm gonna blow this up this is a 15 minute chart right now it's 517 eastern time 515 here was the last bar you see that we're here around 290 15 290 20 so the spy is moving in the after hours here because the market closed closed at four o'clock eastern time and we're down so we're down about 25 cents and change 25 30 cents okay from where we closed so this is a gap what it means is that the market is falling after hours so we're gapping down now I don't know exactly if we open at this point tomorrow if we open lower if we open higher it's way too far away but a gap is a difference between the close and the open so right now live time here in the market we're gapping down and we did gap up today so we closed the night before and actually let me blow this up to we closed yesterday after we fell and we sold up all day we closed at 290 76 in the spy and boom we open higher this morning and we opened at 291 75 so we open at 291 75 tried to rally couldn't do it broke and now fell into the close and we're falling now tonight so what do I look for every day when I'm when I'm looking for something to trade whether long or short I'm looking for stocks that are gapping this this is an ETF for the market we could we sometimes trade the market but this is just an example here of the gap okay so you can see that there was momentum in the market yesterday by momentum I mean is a big fat bar high here was 293 73 low is 296 64 a big fat bar in the market which makes for what good momentum good play through if you're short of the market yesterday you made money and guess what we're getting some momentum here tonight and some follow-through from the selling that happened into the close so I'm gonna take this off here just to show you this I'm just getting this off how we sold off here today into the close like we actually ran out of day this is a 15-minute chart of the market here into the open and we just went boom boom boom boom boom and we really just ran out of time here into the close in for the market or we would have been we would have been down here see this is where we are right now so I took that off but this is where we are see we're we're here we're like hovering okay anyways this is one example I'm talking about yesterday in the market where if you had bought a putt or if you had shorted the market you would have made money because you had momentum and the market gap down and you had a big fat bar which is red signifying what signifying selling so you can make money shorting gaps and you can make money going long gaps now let's look at something that would be a good long or was a good long here BYND this is the beyond me everyone's been talking about this is a new issue this came out here 5-2 is barely out for two months basically this was a nice long where the momentum was to the upside see this here so the stock gapped up from this day on 6-6 to the next day on 6-7 the stock closed the day before here 99-50 and boom open in the morning at 130 so the stock gapped up $30 from the previous day is closed up and then on top of that it rallied almost 15 points high the day was 149-46 and then it followed through into another gap on Monday the next day and guess what high on this day was 186-43 so from two days from the Friday to the Monday the stock went from literally an open of 130 all the way up to 186 and change shows 56 points this people is the power of momentum and the power of the gap so the gap of the stock higher here and then took it further and beyond and through and here is the move okay so this in this case was a long this was a bullish gap and this was a bullish gap and again you could have bought the stock as a day trade or you would have bought calls okay now this here had a really nice move here today as well because it looks like it's about to pop any second this was a gap up to and BYND stock closed here yesterday gapped up this morning rallied is green low in the day was 153 and high in the day today and the BYND was what 162-25 so you see the momentum in this from yesterday till today here's the momentum that was back here again 6-7 to 6-10 this was Friday this was Monday so all these other days in here even though there's stuff to do stuff that you could have done stuff to do whatever these were the big days to make money do you see so again if you can focus focus focus on stocks on days that have big moves and momentum that's how you profit and Kathy had put in the email all the trades I called in this BYND actually since last week there was a trade on this on Monday and two trades today so this has had quite a few trades or from Friday to Monday this has had quite a few trades and it just since three trades since that that email went out this stock has had a lot of momentum moves and we've captured literally every one of them since that since that earnings and most recalls and one was a put now gala had is putting in here what's going on right now I will look at it full let's look at that all is down you are right so this is a live gap that's happening here now this is well this has this has volume here normally here we go so where to be close today in full this is a live gap gala had just looked it up 44 94 where are we at right now you can take it over here and see right 42 so the stock is gapping down about 3 bucks okay low volume in this but it looks like it will trade out it does have volume normally we'll see where this is at tomorrow morning so this could be down more this could be down not as much but this is probably going to open down I doubt this would flip around and end up gapping up this looks like it is probably going to open down and this is full so again every morning what I do my processes I get up in the morning you can do it at night and we're looking at these at night but I tend to wait until the morning because I like to be fresh and wide eyed and bushy tailed and have a good night sleep and give myself a break from looking at charts from one point of the day than the next and I usually wait to the morning to rate gaps but depending on where you are in the world your time zone you may want to rate the gaps at night like you could go through and rate these gaps tonight so full is one that's definitely gapping down this is on my watch list for tomorrow and so will the spy because it's down and gala has mentioned the MLHR let's take a look at this this is good because these are live gaps now look at this one this is up so it looks like this close here at 3785 this is gapping up to 4220 let's blow this up here and see if this is really getting flying wow this is up a lot look at this chart MLHR I'm thinking that this is earnings as well gala had is this earnings or what wow this is flying as we speak this isn't even done so this is a bullish gap they're both earnings okay now we know full was earnings at MLHR was earnings okay so this was earnings too so this is up so again let's get back to this discussion I was having earlier and I'm going to bring up another chart here for you to look at but the the idea of momentum is very very important to make money trading and so one of the reasons a lot of people trade these things called low float stocks or penny stocks or really really cheap stocks I don't touch those with a 10-foot pole one they don't have a lot of volume two they're way too spreading and risky to trade because if you take so much size in order to make substantial money in them and three they don't have the play on through now what do I mean I mean big big big moves I mean momentum where you take something and you can go a dollar two dollars three dollars you could have a hundred percent turn around risk to reward in like five minutes three minutes two minutes ten minutes that's the kind of thing that I am looking for when I am trading the possibility of that the setup for that because if you have to wait around to get a big move in something and trade in something all day for an hour two hours three hours all day from nine thirty to four it's very difficult very very difficult to consistently profit because you will be at the whims and mercy of the market the market moves or falls or somebody tweets or there's econ out or a fed minutes at two o'clock your trade can be affected by that so I tend to want to focus in the morning I'm looking for the momentum to come into the stock early in the morning between nine thirty and ten and I'm looking for only stocks that are gapping and I'm telling you when you're looking for real stocks that you know the company it's like the CCL this is Carnival Cruises everybody knows Carnival everybody's heard of Carnival Cruises seeing the commercials they're right outside I can look outside my window and see the Carnival Cruises ships when I'm looking for stocks to trade they're companies that you know and most importantly and the most important thing is they're companies that are traded by institutions so what do I mean by that let's take a look at no let's look at let's stay with CCL so I'm going to blow this up I'll just go back here this is CCL back from beginning of January so this is pretty much end December January through today so six months of the year 2019 this is CCL okay so I had quality put in this and we had also did a short in this for the day trade okay but CCL is and has been traded by institutions now what do I mean by institutions big banks big professional traders hedge funds they take positions in stocks they will buy stocks and they will sell stocks and they will also short stocks so when institutional money is moving and controlling a stock in the process of the gap and in the in the volatility momentum on the live day guess what you get big moves now the thing is that you have to get it in the right direction because if you don't get in the right direction you're going to lose money but you always have to get something in the right direction to make money it doesn't matter if you take a trade in something that moves 25 cents on the day or you take a trade in something that moves two and a half dollars on the day anything that you would trade you have to get it in the right direction to make money or you'll lose anyways so why not look and find things that had big moves without you having to take 50 000 shares of them even though you may not even be able to do that if it's something like a cheap penny stock but I mean ultimately that's that's why those things are just so so risky okay now I'm going to go back to this day in here this was 620 and I'm going to show you what we did on this this day actually let me show you the daily first so here's the daily chart of ccl stock closed the night before 52 84 boom open in the morning open at 47 20 ccl closed here open here what is that it's a gap down so I got it by the morning and I rated the gap per my golden gap rating system that is a class that I teach once a month it's 59 99 at six grand next class is July 13th and 14th if you want to sign up but this here is what I do and I look for it and I rate it per my 26 point rating system to short it or I rate it and then I say wait a minute this isn't a short I'm not going to short this or I'm going to do something else now let's go here to the 20th this is a one-minute chart so what are the other things that I do and you learn this from me and if you decide to be in the trading room Thursday and Friday you'll see this too I call the live trades in the trading room a live time the entry in the stop and the exit and you follow me if you want to do it the trading room is that an open house like I said the next two days but you must take the class to join the trading room and that is very important to be effective because people have to know what they're doing to take these trades because they set up very fast and very quickly and you'll see what I mean by this ccl gosh this is taking a while here let's go just go down 20th okay so here is what we did so this is 930 again actually let me move this over here's the gap you can see it so the stock closed here the night before four o'clock boom open in the morning so this bar here is four this bar here is 930 and just like that it's gapping okay so anyways we shorted this and we got the drop boom so do you see this in here shoot down this is not quite a dollar but almost you take it boom short it boom take it get out boom boom so this is what I look to do all the time this is momentum and also the nice thing about momentum I will tell you this as well as most of the trades that we do not all some we have to wait some we have to wait for them to go but most of the trades that we do go right away you take it and you're up immediately and boom it goes and that's what we're looking for and that again is part of the consistency because I'm looking for that over and over and over and over and over again I don't need to stay in a trade forever and one of the things I find very very interesting very interesting and I'm gonna pull I'm gonna go to I'm gonna go to the market for this actually there's there's some type of I don't know philosophy out there or whatever you want to call it the mental state it really is where people decide that they want to trade the market and yet they have this attitude this attitude that is like an investor attitude this buy and hold or even short and hold attitude this market has been very volatile to me that's how I'm reading it now many people may say oh this is beautiful it's fabulous no this has been volatile and I'm going to explain to you in a minute why but the fact is it has been and so if you are a buy and hold kind of person or even a short and hold kind of person you're having a difficult time training actively I'd say in the last two to three years now while that might have worked with buying hold from January to April 30th it is not going to work the rest of 2019 and pretty much didn't work in 2018 and didn't work in 2017 and didn't work in 2016 if you want to make money in the market this take it and hold it and hold it and hold it and hold it forever it does not work the idea of trading active active trading is you have one objective your objective is to go in to take the setup to take the trade whether you're going long and short to get in and get out to get in and get out that doesn't mean you have to get out of every trade in five minutes like CCL although if you're day trading you do have to get out before four o'clock so we do look for those quick moves for the day trades but for the options trades you still want to take them and you want to take them and get out you want to get the momentum into them before you get out you want to get them moving them before you get out but you still don't want to hold them forever you still don't want to hold them forever so a lot of traders I think they say them traders they call themselves traders and some of you here might be in this category so don't be offended but they're really like in this mentality of this holding holding holding okay how are you going to make money you chunk it out you chunk it you chunk it you chunk it you chunk it and chunk it and people want to make a lot I know people want to make a lot of a lot of money they want to make a lot they want to make a thousand dollars a day they want any two and you're gonna need to make this thing that thing whatever you make a lot of money by being on point looking for something and focusing in on that thing and doing it and going into it with the conviction and taking it boom and hitting it and just going into it like that it does not mean that every single voluntary trade that you take works but it does mean that you're falling into it when you take it with a hundred percent conviction and you boom and you go and you hit it and you do it and you let the money ride and and you get it and you're out now I'm going to go over with you the trade that we did today which was a really nice trade and actually really accomplished what I just described with words but we did it in this mew mew was a bullish gap and not necessarily out of the gate that I was crazy about and then I saw it and I saw it's the way that it was acting and I saw that this was holding and being bought and you can see here how this closed is a nice big fat bar today okay in fact not that far off the high less than 60 cents off the high high was 3761 closing this today was 3705 okay so what did we do in the mew I blow this up mew was a long mew was a bullish gap we're talking about momentum we're talking about taking it letting it go and then get the move and take it okay so anyways here was the mew now you could have taken this mew actually you could have taken this mew early in here we didn't we didn't get this exactly early okay anyways we got this a little bit later we what we did get this at a decent price so here was the mew setting up you could have gotten the 50s the 60s the 70s pretty much everyone was in by the 80s and then I and then it was set it up again I said take a little bit more take a little bit more and it pushed pushed pushed got up close here 3711 but I felt really certain that this would either go back to this number for certain or push over it and then really have a much bigger move and that is exactly what it did and then here it is here's the move do you see this like so this is so you want to be in before this happens because you want to get it you don't want to be chasing it chasing it chasing it chasing it you want to be right on top of this thing boom and getting it and again we got in this lane but the fact is that we got the move in this okay here's the move do so this was I mean this was basically depending on where you got filled and depending on where you get out almost almost a dollar I mean it was close enough and then with the ad this was a really really really nice trade 3750 was a real target there was a possibility 38 could have happened there was a dream target for this it didn't quite make it but it definitely had a nice nice move and there it was so again this is momentum momentum to the upside stuck open and you had the momentum in it okay so as an active trader your job is to be consistent your job is to consistently book money it doesn't mean that every trade that you take works but it means that you have to be consistently booking booking booking booking booking money and if you're holding trades overnight then you need to have again conviction that the momentum is going to follow through overnight but I still wouldn't hold it long overnight I still would not hold things long overnight right now because this market and the environment that we live in provides huge opportunity for active traders to make money I mean can you ever remember a time when the president of the United States can tweet something and actually move the entire market because that is the environment that we're living in right now now you can look at that in one of two ways you can say that's bad or you could say that's good either way you look at it the fact is it allows for huge moves to happen in a market which you can play and make money whether it's overnight that you're ready in a trade or whether it's on the live live day if you understand how to read the move and what's going to happen and today is a good example as well because in the morning they came out and news came out that made the market gap up this morning because we gapped up I know we're ready right now you look at this chart but we rallied in the morning the market gapped up in the pre-market and rallied I didn't call this as along today because I said well this will be interesting to see what happens but we didn't hold the rally we didn't hold the rally today on a live day we didn't hold the rally we didn't hold the gap up we're down tonight because again I don't trade fundamentals I don't trade that anyways so somebody can go out and say so and so and so and so it doesn't matter to me I get up in the morning and I rate the gap and these are important times to be doing that because you must look at the price action because if you're going by every fundamental how do you even know companies are changing what they're doing because of the tariffs tweets are coming out all the time the information could be real something could happen that's fake news how do you know I'll tell you what you know you know right now that if you pulled up your charts if you're an active trader right now you can pull it right up but you can see that the spy is trading between the bid and the ask of 2019 and 2019 and that we can not disagree upon that is fact so the reality is that when you're focused and you want to make money you have to focus on things that you know that you can sink your teeth into and that is for me gaps it is focused on one thing or two at the most it is the concept and the idea that you must be booking money over and over and over and over again and I'm at the point where I don't even have a problem doing something in the same chart because I'm going to go back to the dynd we did do one put in this and it worked I called it Friday and it dropped on a Monday and then again today I call this long so the fact is that I have no problem and this is a really interesting stock to trade if you've never traded it so far if you haven't talk about momentum this stock can move I mean if you have not day traded this or you have not done an option in this I have never never in the I can't even tell you I don't even know of a stock that I've ever seen that can have moves like this this is a great stock to trade to make active money if you get it right but by golly you better get it right because there are people today that shorted the stock and this was not a short it felt today and in fact I said it in the realm of like oh day traders were shorting this and you believe it but it was a long it was a long it is a long and I won't be surprised if this gaps up tomorrow and pops and I don't even this doesn't even matter with the market so I called actually two calls in this and this is through them both for the strike but either way this market you've got to take trades and book it and take trades and book it and you play momentum you are allowed to do that when you're in stuff that's not moving people tend to want to hold it because they want to make more they want to make more they want to make more and then they get killed so they then they're never up a lot then they never book the money that they're up then they're only in a little and they're only up a little and they said they didn't get out because we're only up a little but it's because you're trading stuff that doesn't have momentum and this is a good example something it does have momentum and so does the market so does the market right now so does the market any questions here before I say the next thought any questions at all now I'm going to talk about here this market and I didn't I I didn't get a chance to say this on tv I wanted to hopefully I'll get to say this sometime in the next week as well is everyone here is everyone listening to me because I'm just I've been talking straight since I came in like for the last 30 minutes non-stop any questions here before I say the next thing because she's been waiting for me for 45 minutes I want to know that I'm talking to live human being Kathy's not asleep good I know but no one's talking koala bears wake he's alive gala has all ears okay Pierre is alive too I really walked in the house put the tell it put the television on put that put the put this on I haven't even had a glass of water I'm gonna take a sip of water here I'm like and before I before I before I forgot and make my market point the next class for those of you that are interested is July 13th and 14th I think I said that before but it's July 13th and 14th from 9 a.m. to 5 p.m. eastern time okay and I am doing the open house Thursday and Friday if you want to come email me for that information at melissa at the stockswush.com happy if I can put my email in anyways long story short I didn't get to say this on tv but the market if what's happened in the market I'm gonna quiz you actually instead of me just telling you what's happened in the last two weeks what's happened in the last three weeks if you had to go on fox news tonight and they said what happened Melissa they said what happened boom boom what would you say on fox news describe the mark in the last three weeks 30 seconds or less gala had saying gap ups okay what else what else though gala had saying more green than red what else I'm not saying I agree with him I'm just telling you what gala had saying over last high in the spy yes we did make new highs in the spy here in this state which was 620 what else nobody's saying anything I've said leo saying up and down I would agree with that statement of leo's anybody else they said you had to go on tv right now give your analysis of this market what would you say would you say nothing you'd say I don't I don't know what to think I have no idea come on you gotta know gala had saying strong all right let's look at it so my take on this is interesting so yes we've been strong yes we did rally yes we had different gaps somewhere up somewhere down that's true but nobody said anything that I can't even believe that nobody said and gala had to nobody said the very most noticeable thing although I did say in the trainer in this morning koala bear was there so he probably would know this if I said it nobody said though the thing that seems very very very very very obvious to me and again I'm just looking at the month of June anybody else want to take a guess before I just tell you I can't believe that no one's noticing it there's no big fat green bars for a market that is supposedly rallying and supposedly moving higher which it which it theoretically has now again we're low we're low we were lowered yesterday and we were lower today and we're probably lower tomorrow whether we're lower in the live day or just lower in the gap in the open I don't know until I see the open but for for a market that has rallying and the spy made new highs accused didn't the diamonds didn't we have we have no fat green bars there's green bars but they're not fat ones they don't look like the fatties they don't look like this they don't look like adobe bars now I'm going to take this away because I'm trying to make a point I'm not talking about what adobe did here I'm talking about this this was last week and actually I called a call in this what what this you're like woo look at that and that is very obvious do you see that the market doesn't look like that and we don't have any bars that look like that the whole last month are you with me so again actually before I get off this adobe this is a great example of momentum and we got we got this and gal had actually held this this was a good move here this costs pennies this option costs pennies pennies and ended up being a huge trade if you held it it was a nice trade here this was dry mongo that was another nice really call but again look don't hold it long take it here and get out take it here and get out take it and get out take it take it take it take it take it take it see what would have happened if you would have held this you would you have to get out you're up a lot of money these days but anyways you see don't hold anything in this market too long look what this did this didn't lose all the move but it almost did look at that I haven't looked at this since yesterday so another great example here momentum playing it right and then taking the money and running to the bank and it's getting back to what I was saying about the spy oh we're down even more we're gonna break 290 here as we're talking tonight we'll break 290 here tonight and it's back to what I was saying gala how do you listen to me no big fatties no big fatties at all so you say okay now just listen to me I say okay if institutions move stocks in the market which they do institutions move stocks and the market which they do you say okay well where are they gosh I gotta put my glasses on and I still don't see them with my glasses where are they I just you squint in here I don't see them I don't see them you understand now that's not the reason that I'm saying any things that I'm saying overall in general because I believe the market is still strong and in an uptrend but I haven't called any recent calls here in this market for the very reason that I don't see institutions in here because if I did guess what we'd see some fatties that we'd see some adobe bars and they're not there you know what I'm saying are you with me are you with me so my whole point of tonight is trading momentum can be very profitable you only need one momentum move a day to make money you have to get in the right direction but that's obvious anyways no matter how you trade end of story period and it is better to trade stocks that are moved by institutions and then it's very obvious and it's very clear like the adobe bars here where this was a beautiful long last week that was on earnings and it gapped up and it moved and the new that happened today so when you have big moves in stocks that's how you have the opportunity to make money and by the way look at this volume wow look at this volume actually this is right now here too moving but look at that volume on this today wow you see that people wow we won't look at that b y nd volume now that i'm talking about this here that's pretty good too not as good as me okay so does everyone understand the point i'm trying to make so I look for gaps i'm looking for momentum i'm focused on one thing that's how you're consistently profitable it doesn't mean every trade works but that's why we use stops with the options i don't have any stops basically what your risk is to stop now some people kill the trades if they're down at 50 percent but know that if you do that they may still move and go and be profitable and then you would have missed it so that's really on you i tell people to hold through the options keep them at the same risk and let them play out but you could you kill them at 50 percent if you want to that's totally totally your own independent decision but either way we've been doing longs and shorts this year in both the day trades and options and i'm really very very focused on the moves and getting the fast moves whether they're the options or whether the day trades i'm focused on the fast moves that fast move could be a couple of minutes that fast move could be one day the fast move might be 48 hours but fast is fast and in this type of environment and i'm telling you you've got to book your profits you can never lose money when you're booking profits never never never never never and there were people that got out of mute today at 37 at 36 90 they didn't get the move over the high to 36 or 37 60 they did not that's they didn't but they still had a good trade and they still had a a move and they had profit so you can't fault anyone for taking profits in this market at any point in time when you're up you can lose money though and it's very frustrating as debilitating to your confidence when you lose money when you were up in fact losing money and then just never being up obviously is bad but when you lose money in a trade you were up that's really bad i mean that's like you know really really really bad and i'm sure there's people here that have done that so don't do that to yourself okay any questions from anyone about anything at all i think it was good to do a chart lecture tonight i rarely do them and i need to do more of them they're interesting and you can learn a lot uh from the process and how i'm thinking things through but if you want to learn my system you definitely have to sign up for the class and it is well well worth it some of you have been following me in here for a long time i don't know if some of you will ever do the class you've been following me really for like seven years some of you i hope that some of you do do the class before i ever stopped teaching it people have been making a lot of money with me this year and uh i think that says a lot there are some people that are super super duper good uh that i've been working with at booking money i mean there i have some people that are trading that have never traded in their life before and they just get out when they're up and they're successful because they just don't even worry about targets they don't even look at the market quite frankly at all and when they're up they get out when they're up they get out when they're up they get out you know it's interesting people that have a non-trading background really tend to do extremely well with me because i'm caught a lot of profitable trades and they just get out when they're up and they really just if they're not up they really just let the trades on and just see what happens really and i think that's a good philosophy overall any questions from anyone about anything at all so kathy has the information in there for the live trading room for the open house for thursday and friday i don't know what we're gonna do i mean i've seen these things here and i'm aware of these things and we'll see i may do something different i may look at these things you know i'm gonna just kind of play it by ear but i will tell you that we're gonna break 290 here in the spy tonight before we close it's only 554 and this is a a this is a gonna be a nice move here gala had are you in any of the market puts or did you pretty much just not do any of them so i called puts in the market and i think people didn't believe the market would fall and probably didn't do them any questions from anyone oh you know what i want to look at disney disney's holding its own here yep gala had i thought you probably didn't do the puts gala had's not in them wow i called a nice put in google too gala had you didn't do this either huh any questions from anyone about anything at all any questions about the class any questions about trading any questions about gaps oh gala had you did do global okay very good then all right then you did it if you didn't got out there's nothing wrong with that that's that means you did it fear has a question and anyone else kathy's got me information in there you can email me at melissa at the stops whoosh dot com if you have questions about the class or if you want to come to the open house usually only one but some days i will do two we're talking about day trades at the same time options it's i mean i don't have a i don't have a minimum i don't have a maximum day trades go fast and it's a lot to watch at one time i prefer to do one trade a day in the day trade but sometimes i might be in two things at a time but i would say 95 percent of the time i'm only in one thing at a time but we might do two things on the day but i mean most of the time i've been one thing at a time as a day trade and that's it for the focus now as far as options that's a different story i might call five option trades in one day and then i then they're all on and they may or may not go that day they may go the next day so that's a different story but those are longer trades active day trades we're in and out quickly and we have to watch what's happening and i prefer to focus holding time for what i was just saying about cco we'd like to be in and out quickly and quickly five minutes 10 minutes 15 minutes half an hour at the most i like to trade between 9 30 and 10 in out in out in out not long for holding for day trades at all options it's whenever the move happens so that the move could happen on the day that i call it the move could take 24 to 48 hours i'll hold it as long as i need to to get the move and the by and these i called trades here that you could have got out of this day if you held them you got a bigger move then i called trades here the best thing was to get out of them all that day except for the last one which didn't work but actually the last one was profitable if you got out too if you got out of everything this day they were all profitable but anyways long story short this was such a big move you had to get out of 90 of the trades anyways then i called some more here then it gapped up so ridiculously 30 points plus again you had to get out because you're up so much i mean this is like a no brainer these are no brainers you're up a lot out up a lot out up a lot out and this here was good and then it had the move into the next day so these are all like take it get out take it get out the next day but it's not always this way sometimes it takes a day or two it's whenever the move happens but if the move is usually it's right there it's in your face like there is the move you're up get out the gap options newsletter you receive the trades you must manage those exits on your own you manage your risk yourself and you manage the options trades exits yourself the exits for the day trades i call in the live room i don't have a live option trading room 24-7 no i'd have no life and people have to decide their own things like i said adobe i thought this was just a nice easy peasy move here so galahad ended up holding it he got almost the whole thing so in this case here if you held it you made out but that's not always the case so people have to decide on their own because it's really up to you if you're in a trading you risk $500 and you're up 500 bucks that's good profit i'd say look for 50% to 100% profit but at the same point you there's many trades that do fall through the secondary move in the day and then if you're up $500 here and you hold it here well you could make $2,500 so you you got to decide that and if you're in your head about it a little bit then i say take half out hold half if you want to this is more of a personality thing so that's why i don't send out anything about the exits you decide how much you want to risk you decide if you want to kill it at 50% loss or hold the whole thing you decide if you want to get out when you're at 50% or 100% or hold it to a bigger move you have to decide a lot of that has to do with your personality but i think that it's very obvious if you've ever traded an option before you know when you're seeing an option chain when it starts to get that rhythm in it and it's moving and you know when it feels flat and it's dead you can tell when it's flat it's dead well you wouldn't get out then you want to get that that motion in it i don't know if you know what i mean but if you've ever traded an option you know what i mean and if you've ever traded this stock you know what i mean i guess that's it listen thanks for staying everyone i'm sorry that i'm leigh the clip of fox will be on my youtube if you're not subscribed to youtube go to youtube and subscribe i talked about markets in china maybe some of you saw me on fox hopefully you did thank you for staying later if you want to come to the open house email me i hope some of you eventually do the class i've had people that have been fighting for years that are finally joining and they are kicking themselves in the butt for not joining earlier i guess it takes people time to finally be convinced that something works i i fully realize that there are systems out there that don't work but in the same vein there are systems out there that do work and mine is one of them so you know i've been doing this a long time now and uh i think it's good to have choices if you're able to actively day trade between 9 30 and 10 am eastern time in the day trades is a good place for you to be in the room if you are not able to do that then the options is another choice an idea for you you take the options trades they get emailed to you again you manage them yourself with your risk and exits but you don't have to be sending out their desk all day 24 7 to watch them okay which is a nice thing but if you can't be in the trading room if you have a job or something where you can't actively trade and you can just do the options and that's another idea but if you want to learn the system then you have to do the class and i think it's beneficial for people to do the class whether you're day trading or options i have people in the letter that have not done the class that are successful some have done the letter and then did the class and traded after that in the room you must do the class to join the room what i do call the trades live exits entry stops all of that in the room so that's the benefit and plus i talk about the market in the room every day and that is a huge benefit and if you're in the options trades it's a big benefit because it's interesting and pertinent i believe to know where the market's going to go if you're in overnight positions because i i i guarantee you if the market ends up really gapping down tomorrow different from where we're seeing right now lower lower than this or even here if we open here uh then there are going to be quite a few things that are going to be gapping down tomorrow as well and some of these talks about a nice ride that let me just look at microsoft really quickly here microsoft just kept going and it just seemed like there was no entry in here that made any sense and didn't seem like it would keep going and then microsoft did just keep going let's see now that fell yesterday good everybody thanks for coming thanks for staying come to the open house if you're interested if you're interested in the class email me at melissathestockswish.com you want to sign up for the options letter email me i really think it's a great letter i mean honestly if you're thinking about dipping your toes into the into getting involved with me the letter is a great idea and i'm doing twenty five hundred dollar special for july fourth for the options letter it's twenty five hundred bucks and you get the letter through september 30th 2018 the letter is normally five grand for the whole year so you paid twenty five hundred for a period of time but it's three months almost and it's a good period of time actually three it's more than three months if you sign up now and you get the letter till the end of september it's a good way to dip your toes into the water of doing the options but the july class is the 13th and 14th for the golden gap course leo you're another one follow me since 2012 honestly i don't know if any of you are ever going to do the class but you're you've missed out on so so many good trades we'll see what the market does tomorrow very good have a great night and thanks so much to kathy and giving kathy a round of applause for staying and talking about markets when she didn't know what she was talking about and i kept calling her and telling her that i was in traffic thank you kathy i'm like i'm five blocks away i'm two blocks away i'm one block away i'm five steps away i'm in the elevator thank you kathy all right have a good night everyone and we'll have a great day tomorrow very good thanks everyone for coming tonight uh we'll see you tomorrow for the open house the same link will connect you or you can email melissa for access but i'll also be around to help around eight o'clock no earlier than eight she opens the room usually around eight thirty she starts talking and putting her screens up at nine thirty but she does post very important trade alerts to the room in text your hotcom is not broken there just won't be any sound or screen until nine thirty okay you all have a great night ahead good day training tomorrow take care of