 Okay, it is now 4.30 and we'd like to thank you all for being here with us tonight tonight and proud to present Melissa Armell, founder and top educator and lead trader at thestockswish.com. Melissa, please take the stage. So much, Kathy. Thank you all. My trader is central. Welcome. Can everybody hear me? Could everyone see the green slide? My name is Melissa Armell and I own a company called the Stock Swish. And today's lecture is going to be how you can learn a strategy, a strategy that I do and created to become a career trader. This may be something you've thought about but not really taken seriously. So if you're here tonight, you can ask me questions and type in the room. I will say the question out loud and answer your questions for you and we're going to go through and talk about my strategy and then we're going to talk about the trade today, the gap today that I did, the stock I traded and then we're going to talk about what I do. You can email me here if you have any questions at all at Melissa at thestockswish.com and you can follow me on Twitter, Facebook, YouTube, LinkedIn, Pinterest and Skype. So here we are. It's June, June 6th. It's halfway point of the calendar year and it's a good time for you to evaluate your financial goals. Where are you at for 2017? I always like to take a step back and see am I on pace for making my goals for the year and how can I trade better? What can I do? How can I be more profitable? Are you on target to achieve your goals this year with your trading? If you're a trader and you're trading right now, be honest with yourself. Maybe you are ahead of your goals, maybe you're behind. Are you on target to achieve your goals this year with your job? Say your job is not trading but something else. Are you happy with the money you currently earning your career? A lot of people don't get the same raises or overtime they did in years past. Companies have cut back. So learning how to trade is something that you can do part time for part time income. Are you exhausted at this halfway point during the year with the hours you're working at your job? I used to do mortgages and I worked seven days a week and it was exhausting. That's one of the reasons I got into trading. So think about that. What are you doing right now for your career? Is it too tiring? And also it's good to look at does your job, you know, run you, run your life, you know, and you don't have any free time. That isn't good. Okay. Balance is very important and the nice thing about trading in the market is that the market is closed at four o'clock. You're done. Okay. And I don't trade all day anyways but also the market is closed on Saturdays and Sundays and the weekend. And does your career offer a chance for advancement? Very important too if you want to make more money in the future. And again, are you on pace to make the same money as you made last year or less or more? Obviously the idea would be more and this could be, you know, if you're trading right now and are you getting paid at your job, what you're worth? And do you find yourself that you're enjoying what you're doing every day? So I think it's very, very important for whatever you do for your career to enjoy it. And I think since I spent so many years doing a career that I really didn't enjoy, I really just was hit me when the mortgage industry started to change that I not only was I not making the money that I wanted to anymore, didn't see the long-term advancement in doing mortgages or banking, I also wasn't happy. And when I found out about trading, I never knew what a chart was until I started trading but I really do enjoy reading charts. I love the analysis of charts. I love reading candlesticks. I love what I do and I basically trade based on technical analysis. So we're going to talk about the strategy I do here today but I trained based on technical analysis, advanced technical analysis and what makes me happy what I love about what I do with trading is I love reading charts. It's the favorite thing I love about what I'm doing besides also of course the money. And today was a very nice day, a very good trade today which we will go over but you can make substantial money in the market enough to support you for your career if you want to do it and if you want to get serious about it. I think a lot of people just don't get serious enough about their trading and it's unfortunate because a lot of people never see their full potential because they flip around from thing to thing to thing and never stick with one thing that actually works. And my system, my strategy works and we are going to discuss it today and we're going to go through the trades in the last six days to show you okay the gaps, the stocks, the moves the stocks had so you can see. I do day trade equities that's what I do when I say trading for a career but you can use my strategy for options too or swing trades if you want to okay. So the nice thing about trading like I said is you can have both if you enjoy it it's fun this is a chart of the QQQs your overall market ETF and also you can make money which is obviously the best of both worlds in a career. So why trade? Trading is a career that can offer you financial freedom, fulfillment and happiness. You can have the life you want if you're going to learn something new and when you come to me no matter even if you've been trading for years and years and years you'll absolutely learn something new for me because I do gaps in a very unique way that's a strategy I trade and the system is my mind I own it I created it so you will learn something new and develop new skills if you come to learn from me and and the idea of learning something new will help you to move into a different career path okay just like if you had to go to school for something so the nice thing about trading is it offers you freedom, freedom of time because you can trade from home a chance for an advancement because you really will earn more money over time as you become a more proficient trader and you risk more money you will make more which you can't do until you prove to yourself that you know what you're doing but it's it's it's an amazing thing because you can work from home and be your own boss and I've been on my own boss for a long time now not just because I own my own business a stockswish but because I've been trading on my own even before I started the business so I'm the one that sets my own schedule and and that's very important and there's a sense of freedom and independence that goes with that and if you're an independent person then you know exactly what I'm talking about so the strategy that I trade and teach sets up very quickly early in the morning occasionally you do get an afternoon trade which I did today which we will review but most days I'm done trading between 9 30 and 10 a.m eastern time and the strategy that I trade is called golden gaps and it's a name I created golden gaps not only work fast okay but they have a lot of momentum and they offer a good amount of money for the time that you're in the trade so this is this is the critical thing that makes trading so so enticing is you can make several thousand dollars on a day in a couple of minutes sometimes in a couple of seconds and that is something that very few careers offer most times if you want to make two three four thousand dollars you have to work a whole week or a whole month not so in the market not so in trading if you get a good trade you can make that much in one trade or one day and it's important to to know that you can keep doing what you're doing you can have the consistency that you have a sustainable trading method because if you're going to do it for your career you have to have a strategy in a system that works all year long in any market condition bullish bearish whatever okay so it's the amount of time trading for the money that makes trading for career very very enticing and also the fact you can work from home which is convenient and if you are thinking about you know investing for the future retirement funds uh you know anything like that you will you will do yourself a favor if you can learn to invest for the long term in the market by reading your statements and understanding things if even if you have your money with someone else and and a lot of people don't know how to do that and I think that's important and also you can trade if you're retired you know you don't have to live in a fixed income you could be retired and trade and have extra money coming in while you're retired and still collecting pensions or social securities it's like a part-time job because of the hours so the biggest thing the biggest message that I can offer to people is that you only need one strategy to make trading your career that's it that's because I've done it so one quality strategy is all you need to learn to pay yourself in a regular basis in the market knowing one good strategy that you can replicate over and over and over for profits can ultimately change your trading world and it can take you from being a losing trader to a profitable trader it's interesting there's a there's a lady okay she's she's an older lady I don't think she's here tonight Patty she was here last night she has been a losing trader for years okay and she's taking my trades now making money and it's it's almost amazing I will have to meet this lady someday because she was been following me for a very long time and finally decided she she wanted to to sign up for my services and and do the trades and so it's very interesting because I truly believe that I can take you know any person at all that wants to listen to me understand what I'm doing and learn and and follow the trades and become profitable even somewhere that was losing for years even someone that's been trading for years but you do have to open up your mind and you have to listen to the things that I say when I talk and when I teach but the market can offer your real lifelong career if you have a strategy that makes money consistency consistently so what do I do as I said I do a strategy called gaps now what is a golden gap a golden gap is a gap that moves in the direction of the gap and we will review what a gap is and in a minute I'm going to pull up a chart it is called a golden gap because it is like finding gold in the market to me and that's I came up with a name because when you find them they have big moves with volatility and that's how you're making money as a trader you make money as a trader momentum okay for example if you bought four thousand shares of a stock at nine dollars and it rallies up to ten dollars that's a one dollar move with four thousand shares you would make four grand so you have to get momentum otherwise if the stock opened at nine dollars and went to nine oh five you'd only make five cents okay so you need stocks to move one dollar two dollars moves in them and today's stock went five dollars plus so how do you get these big moves they're made by institutional money professional traders and investors are making and creating the gap okay now candy has a good question here I'll just answer this you have you have to have big capital also to do what you're doing not to do what I'm doing no you do not have to have the capital now I don't know what you mean by big but for example there's two types of trading accounts that you could use to day trade one is called a retail account you can open up a retail brokerage account they will give you four to one leverage for margin for day trades and you need a minimum of twenty five thousand dollars or you can day trade at a place called a proprietary day trading brokerage account where you would open up an account with a minimum of twenty five hundred dollars and you would get ten to one leverage in today so there's two different options for places to trade as day traders so these are like I said these are day trades so I'm not holding over nights over four o'clock so either option is available to you the the benefit of going with a proprietary day trading firm is you get the ten to one leverage okay the benefit of going with a retail firm is if you make money at ten a.m. that day you can you can take it out immediately at a proprietary day trading firm they usually have funding times where you can take your money out every two weeks or once a month depending on how you set it up with them so the benefit is you can pull your money out immediately in a retail account but you do have to have more funds but you get less leverage I've traded at both through the course of the eight years plus that I've been trading and I've found benefits to trade at both places to be honest with you it really doesn't matter it's whatever you can afford to do it if you can only afford to open an account with twenty five hundred dollars to day trade then start there and build your account up to twenty five thousand and then go to a retail place if you want to but it's not necessary okay because you're going to get less margin so it's really up to you and all of them offer very similar platforms that the very critical thing that you need is you got to have charts you got to have a live level two okay and I prefer to trade with hotkeys so it's good to have a platform with hotkeys and also you got to trade with a broker that has good shorts so no matter where you go a proprietary day trading firm or retail firm you got to have good short access because the strategy and the trades I'm going to talk about today are shorts so some brokers out there on both ends of the spectrum don't have a good shortlist but I refer people to the ones that do and I know where they are okay so you don't have to have a lot of capital you could trade with twenty five hundred dollars so it's it's really what you can afford you can only trade and risk the money in a trade that you can afford to lose if the trade doesn't work you know without getting too much off target here I want to get back to the webinar my system is about an eighty percent win ratio which means that for every ten trades you've got to figure two are going to be losers eight are going to be winners okay make sense anyways getting back to hear what I was saying the case of a bullish gap institutional money is buying the stock therefore the stock was higher in the day in the case of a bearish gap meaning the stock was capping down institutional money is selling or shorting the stock and that's really what happened in today's play which was hds in fact i'm going to put it in the ticker symbol here um that had selling action therefore the stock moves lower in the trading day anything you do anything you trade is about probability anything that can put the odds in your favorite to trade is going to give you an edge so the edge comes from using a system that gives you a high probability so what what is it that gives me a high probability to hit an eighty percent win ratio it's my scoring system my system involves a 26 point rating system that tells me what's stock to trade every day and also i'm very experienced in doing it like today for example i rated three things two of them worked one never set up right before the open i flipped to the one and it fell off a planet and swushed so you have to have something that's going to tell you that this is a good one and i have a scoring system okay it tells me what's stopped to trade every day and it's looking at the daily chart and i look at it in the pre-market and it's using technical analysis because i'm looking at the chart okay i'm a chartist so the high probability is in the quality and detail in the rating system this is the crux of my system and i look at 26 things that sounds like a lot but it's really not that many things and actually if i could come up with 126 things and never have a losing trade i'd do it i don't have that but you know i don't mind looking at 26 things if it means i'm making money consistently and i get it right okay it takes about five to ten minutes to rate a gap if you're brand brand new and if you're not new when you're used to doing it it's about one to three minutes okay once you get experienced with the system so my system looks at bullish gaps and bearish gaps but tonight i'm going to talk about the bearish gap because that's the class i'm doing this weekend i'm doing a bearish gap class and all the ones in the webinar here today we're going to go over are bearish gaps they were shorts and that's what i was saying you got to have a good short list the purpose of my system is to help you evaluate which gap to trade each morning in the pre-market using a checklist and that tells you what to do and you follow it how much money you risk whether it's 200 a trade or 500 a trade or $1,000 a trade is going to depend on what going back to candy's question it's going to depend on the size of your account so you know for example you can't risk $1,000 in a trade if you have a $2,500 account you know what i'm saying so if you want advice on that you can ask me but it should be based on a percentage of your account size of the cash value so the purpose of the philosophy is to find a high probability of directional bias for the entire day big moves on the day early confirmation of my bias i want to know right away is if this is going to work okay which i did today in the gap and then i'm looking for precise entries with follow through and a good risk to reward which actually the gap today did end up having once it started to really get going i'm looking for probabilities i find that traders are very very very black and white one of the reasons that traders love to trade use using indicators which which i have only a few in my charts and i do not make trading decisions based on them but one of the reasons that traders just love indicators or systems where you buy things that gives you an alert where it goes and it tells you to take the trade which is not my system at all by the way you actually have to use your brain um when you go through the process and read it okay is people want you know this black and whiteness with trading it's about probabilities it's not black and white trading is gray okay you find your way into that gray area and you find success and one of the reasons that people fail is we're looking for black and white and black and white and black and white and they want the they want to get out of a trade at the high of the day they want to get out of a trade at the low of the day they want to get this thing and this thing and this thing they're they they want something where they just don't even have to think no you have to think it is a skill you get good at the skill you make money more than you lose okay way more and you gain that skill and you're living in that gray area which is about probabilities which is that you're going to get a lot of trades right and a couple are going to lose and it's nothing to do with you and it's nothing to do with the market it's just you're playing the odds okay and that's what probabilities are are so any questions so far we're going to go over here the golden gap system in the last six days we're going to go through it we're going to go through the trains does anyone have any questions about anything so far let me know now we're going back here this is back on the 18th i'm going back this is before the holiday because i took a bunch of days off about a week or so off before the holiday but i wanted to show you if you had taken the calls and rated the gaps okay and bid in the trading room what the setups were she can get an idea what i'm looking for every day to see if you could have made any money to to pay your bills even in the last six days if you had traded again where you open up your account is up to you you can ask me for referrals these trades here i'm going to use a certain set risk amount and then we're going to total and telling them at the end the one trade here was Cisco okay this was a gap down now before we get going here in this i'm going to explain to you what a gap is for those of you don't know it's hard to see here because the clock was behind these little candlesticks but the night before at four o'clock the stock closed up here around 34 bucks the next day this had earnings this was back like i said on the 18th Cisco had earnings and open in the next day here around 31 something so this is a gap it's when the stock closes at four o'clock and opens the next day at 938 different price stocks cap down and the gap up for the purposes of what we're talking about today we're talking about stocks that are gapping down and as i said golden gaps are where you're looking to play it in the direction of the gap so if this is gapping down we're looking to short it to follow through to the downside this did not have a big move in fact it had a very small move the target on this was 31 it just dropped and went there and then pitted off but this did have one setup in it you could have shorted it and gotten out again not every move is going to be like today's although we are going to go over it but you will have a couple moves like today's hts which fell five dollars plus in a month's time you put together a career a week a month a year by chunking out trades and not trading the days that nothing meets your criteria so here we are let's look here at Cisco we're going to be looking at an approximate risk of about a thousand dollars in all these trades if you had shorted it boom thirty one thirty risk was thirty cents you're sizing sizing yourself based on the share quantity here of the risk on three thousand shares your risk is what nine hundred dollars exit at the target and went a little bit past that but that was the first target again you're not looking for any major move in this one here you could scalp it out for nine hundred bucks in fact today's trade a bunch of people some people took three or four trades in today's trades and scalped it out anyways that's real money though okay then the next day this was a much much bigger move here was Foot Locker again stock closed to your gap down this is a one minute chart okay we're looking at a one minute chart some trading on a one minute chart I look at the gap on the daily chart but I trade on the one minute so anyways Foot Locker set up here or here you could have shorted it and it fell off the planet down here we have the clock opens at nine thirty to see the period of time in here where you're looking to take the trade so the selling action is coming in here in the beginning part of the period so I'm looking to get in and out right away as quickly in the morning that's when all of these are happening now sometimes you do get stocks that have bigger moves later in the day but usually I'm in and I'm out very quickly whatever money I make I'm done in the morning unless I see the potential for a bigger target or a bigger move price of the entry here in Foot Locker you short it sixty seventy five boom risk was seventy five cents again with a risk of about a thousand bucks nine hundred dollars here in fourteen hundred shares exit at fifty nine which it did keep going I'll go back to the chart in a minute you could have made over two grand you could have made two thousand four hundred fifty bucks I'm going to go back so that was the target take it over fifty nine drops it actually went further so you could have made more than that here in this but again it's not about being a pig again the black and white you're never going to get out of something to the low of the day your job your goal if you're going to do this for a career is that you have to book money in the trades where you're up and actually I said that in the room this morning uh to some people because we did a we did a late trade in hds I said make sure you make money in this today people because it worked sometimes people want to hold things this huge huge massive targets I never fault myself for seeing things go to some bigger target if I don't get it like for example this day in the footlocker I was happy happy with the money I made in that the fact that it went down and almost went to fifty eight broker doesn't matter to me what matters is being profitable making the money then the room was closed for a week and then it was closed for the Monday and Tuesday the Memorial Day holiday at the week after then there was a gap this is after the holiday it was a slow slow day on the 31st this is May 31st after the holiday another gap here that happened in michael quartz his retailers are getting crushed lately stock closed up here open down here gap down so the night before closed up here this is again a one minute chart stock gap down you're watching this to see if it's going to set up to short it this did not have a big move again but it had a short move in it if you did it and go out boom take it get out okay so not a huge massive move in this but enough to get paid if you wanted to do it for a quickie boom time period between 9 30 and 10 again 9 30 and 10 kept going a little bit more here into 10 15 but again if you're looking to play this first half an hour you're in and you're out short entry in this was this was a big stop 33 30 70 cents again you're risking about what a thousand dollars you don't have to risk that you can divide it by two divide it by four what you can afford eggs in and here boom drop 50 cents in out you could have made 700 bucks okay this is for such a short time of work people all of these trades here cores footlocker sysco do you see the time that you're in these trains and you're out okay you're in and you're out of these trades so so so so quickly any questions so far now the next one here was a loser expr again as I said sometimes you're going to have losers this did not work it failed I like this gap but it didn't work so I use hard stops when I take a trade I put a stop in and and I want to be out if it doesn't work if it stops me amount stop close to your gap down open set up boom I was in put the stop got taken out in this case here it just didn't work if the stock ever resets up you can take it again in this case it didn't it failed on the day so I took the stop and took a loss in this it's very important I think to put stops in in trades because if you don't something could really go against you and you could lose an unlimited amount of risk and part of the idea of making money in your trains is that you do take the stop so that when you have you know two good winners you're not giving all that money back in one loser that you like it away from you so the entry in this you shorted it six nice stop in here risked again about a thousand bucks unfortunately didn't work had to take a loser in this one now expr was one of the two gaps that I looked at on the day as it turns out hpe had was another good gap that I read in some people in the trading room did this immediately I missed the first entry in this but this did have a second entry anyways this fell hard you could have done them both in the morning but there was a second entry in this here the drop to the target of 1750 late actually this kind of went a little bit like the hts today set up and had a bigger move later anyways hpe you could have shorted this put the stop got the drop this whole move in here is you making money when the stock is falling and dropping because you are making money when you see the red if you're short so you are taking the trading you're shorting the stock and you're putting a stop and if it fails you get stopped out you take the loss this did not happen though it ended up going on to work and as I said you could have done it on a one minute chart this is a five minute chart entry here it's a little bit later you could have shorted this at 18 risk is 20 cents on 5000 shares you risk a thousand bucks boom at the target 1750 you could have made $2500 nice move in here again 50 cents and here's a good example on here how much buying power would you have needed in order to take this trade gala had figured out anybody else do it do it in your head 50 cents or 5000 shares times $18 is what oh it looks like we lost gala had looks like he got booted from hot com barry barry is a student or anybody that's not a student if you wanted to take his candy asked about the buying power how would you figure it out here let's go through it together barry you should be able to do this 5000 shares times 18 dollars per strike per stock price equals what does nobody know how to do this barry you know how to do this are you there barry turf knows how to do it turf is saying 90 000 so let's take 90 000 in buying power so that's not in money but that's in buying power so if you would have what a retail account well you have to have 25 000 minimum and you would have 100 000 in buying power if you had a proprietary day trading account you would have needed what a 10 to 1 margin 9 000 cash in the prop account got it i'm just i'm just telling you here what you would have needed for a substantial trade like this now you know obviously the expr was a little bit cheaper but this is a good range to give you some idea now let's look here at our h our h was another gap again the clock's covering up here close the night before up here at 57 50 ish open in the morning down here 43 something crushing gap on this restoration hardware was last week stop open rally boom shorted drop get the drop nice move in here you could have got it here could have got it here beautiful okay another really big move price of the entry the shortest 43 50 risk is what 75 cents if you were risking about a thousand bucks or 900 dollars or 1200 shares what again a dollar out first target out reverse the time out you could have gotten this down you could have got a buck out of it nice trading here could have made 1260 dollars really really nice move again time of the day of the period of trading between 9 30 and 10 then Monday there were no trades so yesterday on Monday there were no trades it was a rest day again i have a criteria i rate the gaps i'm looking for something that rates 20 points or more per my 26 point rating system if i don't find any i don't trade that day i'll do a lecture in the room i'll talk and go over the market if we have options on it go over then not day trading if something doesn't meet my criteria the other benefit of having a system is that you follow it every day and if we're going to do this for a career you have to be like that it's almost like you're running your own business when you're your own trading business when you're trading you're going through it and you're saying to yourself i i can't go to work today but at least you're not losing so it's a little bit different than a normal job where if you show up you get paid you can show up every morning the market but if somebody doesn't meet your criteria then you can't trade now there was a google option trade that a lot of people got out of that i had called last week that ran up yesterday so even though there weren't any day trades there was a a nice exit if you want to get out of the google option trade yesterday some people are still in it i called google calls for the 95 strike last week here on the 31st it ran up and was really nicely profitable more than 100 return investment yesterday so some people took the exit there watched that instead of doing any day trades and some people are still in it i didn't see where this closed today but this has had it right up to a thousand dollars so you can do options with my system too i'm just showing you here a trade that was on in the last couple of days and one of the students actually made four grand on this and got out yesterday he was afraid to get out too early the stock did make a little bit move of up more today again i didn't see where this closes but it expires friday so again no piggy targets you're up four grand get out okay no piggies and this is mark he's new actually um go back to hpe sure what's your question here in hpe well i i have six different entries that i teach in the class which is i'm doing this weekend saturday and sunday how do i how do i pick my entry i just look for the setup i have six different setups i look for the setups if i get the setup on the live day i take it so i'm never entering any trade in the pre-market i don't enter any trades in the post market i'm entering only trades on the live day between nine thirty and four so i rate the gap in the morning pre-market then it has to set up so in other words fran was a gap that i uh looked at this morning in the pre-market fran never set up fran never triggered on the live day so it's there's two pieces one you have to rate the gap but that's what tells you watch fran watch hds watch mik then it still has to set up on the live day because what if it doesn't it might not so that's why i don't get in in the pre-market so the six entries i teach in the class but it is a combination of a rating it knowing what stop to watch and then b you still have to watch it and take it okay and then also like i said i put in the stop because i don't want it to go against me in some aggressive way sometimes a stock will set up fake and then flip okay well there's only one strategy which is gaps the entries are six different entries that i teach in the class and you got to learn everyone the thing is you don't know which one you're going to get turf you don't know i don't know i get up in the morning i'll look at hds i don't know which entry it's going to how it's going to set up i don't know until the live day and that's part of part of training and one of the benefits of being with me in the room is i'm very good at reading in real-life time really quickly really fast when a stock is doing and how it's moving because you don't know i don't know at 8 a.m if i love hpe for example that the entry will be $18 to short it i don't know that because obviously i don't know where it's going to open i'm seeing the gap in the morning the stock closes the night before here oops hold on the stock closed the night before here at 1875 ish in the morning if i rate it the stock's moving so i might rate the gap let's say i rate it around here which is where it opened but anything could have happened stock could have opened down here could have opened here could have opened anywhere so you can't you can't even know that because it's moving actually let me see if i can bring up here um the one from today just to show you something yeah i can i can bring this up here let me just show you this really quick here's this is a great great example and then we'll go back to the webinar in a minute this was today's gap and i'm going to go over this after i go over the next one um here let me pretend this didn't happen so i rated the gap this morning there that was the stock that's in the morning this is the pre-market stop scaping it's real boop boop boop so i'm rating this in an area it's it's not one number i'm rating it as the stock is trading live in the morning pre-market and then boom this is happening in the morning so i rated this around here and then all of a sudden it was down here it it dropped two dollars and 15 minutes there it is we watched it i saw it it went like that so the ratings can change as well so to say that to you know to to do something or to say it to know the exact entry would be x y z you don't know because look what it did it dropped even more this might have failed on the live day it didn't it worked i mean this was a huge trade but the bottom line is that it it might have done something very different on the live day you don't know you don't know till it happens so you don't know the entry until it sets up which happens on the live day and that is something i teach in the class but when you rate it you rate it at it at a moving price okay and then you still have to watch it okay um where was i okay so r.h yes this was a good one too this was friday nice move okay now oh here's today's here's today's this is there was nothing on monday today is tuesday this stock opened and swooshed and again that's something you'll learn in the class but the bottom line is that it it had continuous selling action we were talking about institutional selling today was a great example of that in this stock fell off a planet okay so i did this late for me kind of scalp the first trade in here i shorted here and then ended up getting out in here i wanted to keep breaking i felt 33 33 33 is going to get to 33 it didn't get there right in the morning so i ended up doing two trades in this today so i kind of scalp this in here some people did get this up in here but it really didn't have an exact entry but i i did make some money in this in the morning and i kind of stopped but i felt like oh this would really go up it's set up later and it did and mostly because it's swooshed price of the entry again this is the late morning entry in here 33 95 55 cents on 2000 shares again you're risking about 1000 bucks 1100 was a risk and i get out boom when it dropped and started to bounce i just took it so made 45 cents on this one better than nothing 900 bucks but i really felt the potential to have a big big day today why it was a good good gap it was a solid gap and it it opened and swooshed and again today the market was bullish despite the fact that the market was bullish this thing just fell to the floor okay so i wanted to to do a second trade in this which i don't normally do but i told everybody in the room you can do a 15 minute setup in this if you want to today it's going to set up because it's swooshed so here it was i will find out tomorrow morning who did this in the room um this was the bigger play so stock dropped in the morning here's 15 minute here you get the big sell-off rallied boom okay short of this in the late afternoon and and it had a decent stock for a 15 minute targeting it again was 33 it did get down there and it did break it a little bit it could have gone to 32 that was in sight but it just was exhausted by the time it dropped down in here it was getting into 2 o'clock anyways entry in the 15 minute was 34 55 75 cents on 2000 shares in this case here i ramped it up a little bit because it was up from the morning 1500 bucks exit i i barbed i barred it in the one minute chart it wasn't going to let it get over 32 90 it did break down to 32 80 ish and then i ended up taking it once it was bouncing so had a good exit on this very very happy total profit in the second trade in the late afternoon trade was $3,300 rare but can happen and mainly because of the swoosh the stock's wish today told me and told everybody in the room that you could trade this stock all day and that very often happens when you have something that swooshes it had a bigger target had a bigger move and it did it okay so every once in a while i will do a late afternoon trade and i do review that in the class too now let's go over how much money would you have made of shorting stocks in the trading room with the calls i gave in the room in the gaps that i rated in the last six days i have five days up there but i added today which is six so sisco footlocker then i was off for a vacation cores hpe expo was a loser so one loser in the last six days rh and hds today so there was one losing trade in the last six days one if you followed me in the room and did the calls for the things that i said and i've been calling the market very well too which has been bullish and i've been saying that all along it's just not not falling not dropping even today the spy gap down and didn't fall so in six days if you did all these trades and none of them were joining dream targets biggest one was today because of the slush but all of these could have held longer okay footlocker could have held longer the um hds could have gotten the morning trade i didn't get that big move in the morning was a scalp in the morning rh went more and you could have made over 11 grand now this is risking about a thousand dollars and the last trade i did today was a little bit more but you know it's ready up the bottom line is that it you know the money is there for you to do this as a career hands down it is no excuses for people if they're not if they're if they're having their head that they can't do this or it's impossible to train that's baloney okay you can make money in the market if you're not you don't have a good system if you're not you're screwing up and doing something wrong you can keep doing what you're doing and losing but you're probably doing something that doesn't work it is not beyond the realm of possibility to make money day trading i know i'm living proof and i'm teaching people to do it and and and you know i've had the business for more than five years i've been training for more than eight it's not a fluke i mean almost every day i'm doing emails you know telling people the plays of the days that i've had um you know in the trading room i mean i'm emailing people in my market list almost every single solitary day it's not you know i'm not pulling these trades out of thin air they're real they're there they're there every morning it's up to you to decide if you want to trade and do it the opportunity exists but you know there is some commitment level that it's going to take from you to do it which is learning from me taking the class opening up an account starting small maybe maybe you can't afford to risk a thousand dollars in a trade that's okay start small learn it learn it so you can get the confidence so you can do it to eventually make this kind of money now if you wanted to risk five hundred dollars you just you know that's all you could afford say you have a five thousand dollar prop account you could have taken these same trades and made over fifty five hundred dollars okay really really really nice profit some people don't make that in a month that's with a five hundred dollar risk in six days so here it is if you'd risk five hundred dollars in six days you would have made over five grand and if you had risks between a thousand and fifteen hundred because they're a little more in the one today this afternoon you could have made eleven thousand this is not including any of the option trades and actually there's a couple option trades that are still outstanding that are on right now and I called another one a new one today actually for people but this is a good amount of money to trade the system as a career it is there's enough money from you in the market you just have to learn how to do it you have to learn how to be stable with your trading not doing a million different ticker symbols okay in the six days here that's one two three four five six seven eight eight ticker symbols that's it in six days of trading that is less than probably many many trading rooms out there call or even look at that's how you do it it's the quality you're looking for quality stocks with volume not cheap stocks not crap not low float stocks not penny stocks not crap ones you want stocks that move you only need a couple okay one a day maybe two the key is to find the system daily taking the entries booking the profits when you're up not being a piggy not trading when there's no good gaps that qualify per the system which I've become very disciplined about in the number of years that I'm trading and particularly since I'm I'm leading people now you know in the trading room so that the key to my success and the key to your success if you come and learn from me really is the 26 points because that tells you what to do it tells you what to do you rate the gap it tells you to watch this one this one this one you watch them in the open you take them when they set up all right any questions so far here the only difference between a beginner trader intermediate trader advanced trader is size so if you want to do this for a career and you feel like you know you can't take size you only take 100 shares or 200 shares some people are only taking one contract in the in the stocks like google that's that's okay start where you're at right now and move up as you go along and get better over time build your account up build your confidence up your goal could be trading with size but the but the idea is that you have to start somewhere and a lot of people you know can't risk a thousand dollars or even 500 in a trade so start with what you can risk 50 dollars risk 100 if your goal is to do it for a bigger longer term thing for a career then you should there should be no sense of urgency right now anyways if your long-term goal is to do this seriously then the most important thing for you to learn it to get good and all the time that you waste not learning it is the longer it's going to take for you to get where you want to be with your goal okay the money will come faster once you learn how to do it and that means you will learn from me in the trading room and in the class okay but two or three great plays really can make your month and and and hds today was no you know was was no exception and you play like that you know one of those a week we usually get an earning season which is not right now but it's coming up anyways for example if you take 200 shares you can make 200 bucks if it drops a dollar you know the which there was like a dollar 60 plus move in the afternoon move in hds today again 2000 shares moves a dollar two grand 8000 shares you can make a grand profit there's some people that are doing these option trades that i'm doing that are just plopping on the size you know 40 50 contracts and some of them you know the the amount that you risk of the money that you risk is it has to do the size of your account and your risk parameters you set for yourself i can i can give you some guidelines but it's what you're comfortable with anyways people always ask me how many gaps do we get an earning season three to five a day non-earning season three to five a week just like i said there was no trades yesterday so in the in between times you may be a monday where we don't take a trade that's okay at least we didn't lose you've got to keep the money that you make from the market you're looking for a gap that rates per the 26 point system and that's how you do it any questions so far from anyone here let me know okay the more often you make money on a consistent basis the more confidence you will build in yourself and this is very important and the more conviction you will have in your own ability to trade well i'm working on that with people one of the most valuable things that you learn during the golden gap course is to have conviction in the golden gap strategy and that's what you learn from me in the class this conviction will help you produce positive results and that's how you're going to keep going staying positive might be a challenge for some traders but it's a requirement for success and it's a requirement for success if you want to be successful trading the market in any field that you do you have to be confident that you can do well with it and trading is no different and the most important thing is that a lot of people lack confidence in the overall market they've been losing for so many years have taken so many different classes and never you know figured anything out don't know how to trade don't know how to read chart right can't predict things like i do and then they lose conviction and confidence in the market itself this is real people there's no reason for you to feel like you can't have conviction in the market it's there it's just that people want that black and white and and and they want easy easy meaning doesn't cost anything to learn it which is not the reality of life and easy meaning that they want to press a button and just look at an indicator to take a trade and have all the money in the world that's not reality okay reality is it costs money to learn from someone that knows what they're doing which is me and reality is you're gonna have to learn the skill and you're gonna have to maybe unlearn some things that you've been doing in the past that just flat out don't work when you come with me and particularly i found people really think they know how to read support and resistance correctly and then they do my class and they realize they don't they don't they don't even know how to read support and resistance right and they've been trading for years okay um you know i only focus on one strategy you try to do one similar day i may look at two things because i don't know which one's gonna set up but that is how you can be successful okay normal regular people can learn how to trade the market actually patty's a great example uh regular people mark's a regular guy okay some of the people i'm teaching have a lot of money and some don't have that much it's it's all over the board of the people that i've taught some experience i'm not experienced some have small accounts i'm a big accounts you know some some are big traders some have been trading for over 20 years some some are older than me and i've been and i've been you know trading for forever whatever your experience level is currently it doesn't matter i can teach you fresh out of the game and you can learn it it's you just don't want to continue to throw money into the market or waste precious time you know spending between now and 2018 trying to make money and doing a system or strategy you're doing right now that is not profitable and flat out doesn't work i had an interesting conversation with a guy a couple weeks ago he's losing money um he paid for a class he insists that that that the person that he you know learned from was knew what they were doing but he you know he was losing money and he said the person was hard to follow but he was trying to follow them anyways you know i think that one of the benefits are coming with me is that i'm not hard to follow if i tell you in the room we're watching these two stocks that's it we're watching you know hds we're watching fran have them up boom this one and this one they set up i call it you take it you're out that's it i'm not looking at 25 ticker symbols it's not that hard to follow me i don't make it impossible for you to make money if you're in the trading room with me or following me i make it very easy for you this is the one that we're watching this one and this one that's it okay all you have to do is take the trade so anyways a career in trading offers money it offers freedom because of the time and it offers obviously the potential to make more money over time you can do the options you can do the day trades you can do swing trades and you can increase your risk so you start your risk out wherever you feel comfortable and you build it up and that's how you build yourself up into getting into a career i mean it's really you can't ask for much more and the fact that you could trade and make money in a couple of minutes a day is one of the things that i i found most interesting about trading one of the reasons i wanted to do it because i felt overworked at my mortgage job now i want to very quickly hear talk about something called the foresees okay what is important when you want to come and do this and learn from me number one clarity seeing the gap just seeing it training your eye to say oh my lanta this thing is going to drop like a brick it's you see it before it happens it's a clarity of reading it confidence knowing that you feel confident in the market and you feel confident in yourself that you can press the button you could take the trade and you can plop on the risk if you can afford it and you can do it and you can make the money and you believe in yourself and you know that you're smart and you've got what it takes and you're going to learn it and you have confidence in yourself to do so conviction conviction which comes from the class you learn and gain conviction in trading and the ability to make money the market in the class and you also do in the trading room with me when i say that you know amazon is going to a thousand and it does it in a matter of days and you see me making predictions like hds today which i told the room it's going to go to 33 and it did it absolutely did and it would set up in a 15-minute chart the afternoon and absolutely did okay you get conviction by trading with me by by hearing me say these things that are going to happen the spy is going to make another brand new altem high soon when i say these things and then they happen it seems almost impossible but when you see that it gives you conviction that that this there is something that is you can do that's predictable doesn't mean it's predictable 100 of the time no but it's predictable enough that it's so amazing that you can predict it to use it to make money like like the way that i called google when it was running up every day for two weeks and i called it again and it didn't even pull back and i kept going okay the the conviction you get from seeing the the gaps play out from seeing my calls play out from seeing the trades play out from me saying this is going to happen and then it does whether you take the trade or not and you're just sitting in the room you're like oh my gosh she said that was going to happen how did she know that was going to happen oh the system she rated the gap and the more i do it and do it and do it and do it and do it and do it you see it if you're not trading with me you know you're just sitting here watching me and my students make money which is silly but you know the class seem to make the predictions it gives you the conviction to do it and then you've got to have the commitment the commitment is on you you have to be willing to learn you have to be willing to take the time to do the class the class is all day saturday and all day sunday it's 16 hours it's nine to five june 10th and 11th it's a 16 hour commitment not a weekend to learn it's a commitment to to to pay attention to open up your mind to doing something new okay so the golden gap course will help you find success in the market which is what you want it teaches the 26 points it teaches the the entries it teaches advanced technical analysis and it's a complete system to learn how to trade because i don't hold anything back in the class i also even talk about money and how you have to have a certain attitude about money when you're trading in risk so the class is a full two-day course on how to strategically find pick and play stocks that are professional bearish gaps it's an online class okay you can be anywhere in the world and take it it's june 10th and 11th it's saturday and sunday you have until friday to sign up class of the class is 49 99 i already have a bunch of people signed up if you want to sign up you have to email me for the sign up information it's not on the website if you want to you can email me at melissa at the stockswush.com remember education is something that you're investing in yourself you're investing in yourself it's not like a trade when you take money in it and place money in a trade it may fail it may work but you know taking a class is you're investing yourself because you're learning the information and you're paying me for that information and for my time to learn and teach you as a mentor to do it okay and it is something that is going to pay off for you in the long run if you decide to do it and be in in my group so think about what you're doing if you're not on the road to a successful future between now and the end of 2017 if you feel stuck in your trading or your career what you're doing you've got to figure out what you're going to do differently okay if something isn't working in your life you got to figure out what to do differently it's the same thing like uh oh gosh say you're in a relationship you're in a relationship with someone you're dating someone and and you're miserable it's not working out you know you just it was good at the beginning and it's just there's just you try to make it work you try to make it work you care about the person you're trying to make it work but it's not working out it's time to break up so if you're if you have a trading strategy and it's not working out break out with it break out with it just cut the cords and and try something new you know I think I think a lot of people do not listen to their intuition you know your intuition is telling you this is working or it's not working you got to listen to that that knowing that silent voice within you many people do not listen to their intuition I'm a very intuitive trader I mean I think that's how I created my system but I also am like what today where I could be on top of two things and all of a sudden then just go to the next to the one that works immediately within milliseconds I'm I it's eight years of trading and I've become I have a sixth sense a sixth sense which is above and beyond you know the rating system but you follow the system you do it and if you're in the room with me I will lead you in the right direction and that's you know that's a huge benefit anyways you can do it and it's a nice career if you want to so empower yourself to trade the market you can have the life you want any questions from anyone about anything this is perfect timing here we have like two minutes for questions if you'd like a trial of the trading room email me I can send you one for this week I don't know what we're going to get Wednesday Thursday Friday we'll see my phone number is 929 3200 427 if you want to call if you have questions I'll be around all right yeah just email here here here's my email oops here it is any questions from anyone thanks everyone thanks for