 Melissa Armo with the stocks push and Melissa we do see your your screen just your PowerPoint there and so if you want to go ahead and just say click hello we'll make sure that you're good to go via audio. Can you hear me? Hello hello hello. Yes sure can and if everybody else can hear her please just type in a why for yes it's the question section let us know that we're good to go. Perfect awesome thank you so without any further ado I want to introduce to you Melissa Armo she founded the stocks push in December of 2012. Now the stocks push is an educational firm that empowers traders with a complete and detailed system to become profitable traders. Now Melissa Armo she graduated magna cum laude from Gettysburg College with a BA in philosophy and a minor in Latin and political science in 1994. Now she was employed for several banks and brokers in Pennsylvania, Florida, Arizona and New York as a mortgage broker for 17 years. Now she's changed her careers from banking to pursue a security trading career in 2008. Now a self-taught day trader with over five years of experience and Melissa's specialty is a trading strategy that focuses on shorting stocks that gap. In her free time Melissa likes to work out breathe, write and dance and she loves New York City and she loves the Islam movement so without any further ado help me welcome Melissa. Thank you thank you so much for having me here today thanks so much it's wonderful to be here it's great to be in all this wonderful fabulous male energy so thanks so much for having a female in here into the mix it's great being a woman trader and I do love trading the stock market. So today we're going to talk about advanced technical analysis my name is Melissa Armo and I own a company called the Stock Swoosh LLC if anyone's interested in more information after the webinar today you can reach out to me and email me at melissa at thestockswoosh.com I also have a lot of videos on YouTube of market calls that I make and trades that I've done and sometimes I've actually even taped the live trading room and you can go see some of those videos on YouTube as well. So today we're going to talk about advanced technical analysis can you make money in the stock market using advanced technical analysis skills and the answer is yes I know this is a big debate some people like to do fundamentals some people like to look at price action I'm a pure technical analysis trader and in fact I use an advanced way to actually reprice which we're going to talk about today this helps me make money in the market it's something that I actually could not live without if I had to rely strictly on reading fundamentals and trading I would not trade as well or make as much money as I do trading stocks so I'm thankful that we live in an electronic market which allows me to see the price of stocks this is something that's available to everyone out there you can get on the internet your live platform you can turn on the television and see the exact price of what a stock is trading at right now you can even get it on your phone what a great internet age that we live in that we have all this accessibility of information in real-time fashion live and it allows you to take advantage of that to do what to make money when you're trading so understanding how to reprice in the correct direction is a key ingredient in profiting in the market set yourself apart from the world of novice traders and investors but becoming an expert in technical analysis and by the way as a side note here I really think that if you want to make money trading you need to become an expert in whatever it is that you do it has to be in one genre one strategy one thing and even in one direction if you want to do that in the market this idea of being a jack of all trades and an expert it's none does not work as a trader it will not give you the longevity and consistency that you need in the market you have to be really really really really really good at even just one thing and if you are you can make money you only need one thing i only need one pick a day to make money in the market i only need one good pick if i have one good trade i got my day in okay and this is how you do it you become an expert experts have knowledge do their homework and read information in real time in the form of price patterns in charts becoming an expert in technical analysis is a vital ingredient to becoming successful as a professional trader investor and you say well i don't really want to be a professional i don't really want to go work on wall street i don't want to go work for a trading from our desk but even if you're doing this part time for a short time of the day or if you're only doing over nights or swing trading or core trading you're not sitting at your desk every day as a day trader which by the way i am i'm a day trader i'm at my desk every morning i'm trading but even if you don't want to do it every day you still have to act like a professional because your money is serious it's a serious business if you're in the market even if you're just in its small meaning not all the time not every day each stuff to take it seriously because it's your money and why would you risk your money unless you take it seriously you have to take it seriously it's a respect there's a level of respect that needs to be there and if you respect the time that you invest in the quality of the picks that you have in the market the market will see that and will honor that for you to be successful so what a current company's value or worth is always reflected in the price in the price now right now price patterns in charts hold the key to making decisions ahead of time and in the moment to profit and profit substantially making money in the market involves making timely decisions based on price price supersedes everything else even fundamentals and this is my belief system now if you like to look at fundamentals that's fine but what if the price tells you something different then what do you do you look at the price because you could read something about a stop that happened that are that you think is going to happen but I'm reading what's happening right now that I'm making the decision now because I know one thing with a hundred percent certainty and a hundred percent conviction right now the stock price of the stock right now I know the price of the market right now we're closed on Friday at the close of Friday if this is a Friday at four o'clock eastern time I know what that is that I know and when it opens up money morning that'll know what's going to happen in the future you're making predictions perhaps based on previous price action but you know now and that is really where you have to live you have to live in the now when you're a trader you have to live in the now and you have to make decisions in the now and particularly if you're a day trader I don't care if you trade options if you trade equities if you trade forex you are in the now trading right now and you're trading actually as a day trader make money today and even if you're a swing trader you really are trading to make money now today okay you whether you take it out or not is up to you so make the time to trade in a higher level and this involves what this might involve actually learning okay people go to school to learn people go to school to get higher education there is such a thing in the market although it's not a big university that we all go to and we all sign up and get a degree be fun to do that we could all become friends but there really is no such place okay so in order to learn how to trade you got two things you got real life experience which are going to need and then you also have to take a class unless you're going to teach yourself now I did teach myself how to trade it was a long long process over a number of years and it cost me big bucks and I suggest it's much easier to learn from from me or any one of the people that are here at this webinar today it is so much easier for you to actually learn from someone else than to teach yourself because really the market will be your teacher if you dive into the market headfirst and don't know anything the market will be a teacher and it's a long teacher it's a hard teacher it's a tough teacher it actually is the best teacher though quite frankly and that's the reason I figured all this stuff out but it was a long long haul but this idea of not learning from anyone or having a mentor is false you people go to school to learn any type of thing where they're going to make significant money and there is significant money to be made in the market so if you want to take it seriously you'll learn even if you're doing it part-time you'll learn because again the respect has to be there for the trades that you're taking the picks that you're making and the money that you want to make in the market and the market again sees that sees all of those choices that you're making now let's talk about technical analysis because this is what I said this is the way that I train the methods used to analyze securities and make investment decisions fall into two very broad categories fundamental analysis and technical analysis fundamental analysis involves analyzing the characteristics of a company in order to estimate its value and again some people like to do this I don't do any of this though you could technical analysis takes a completely different approach it doesn't care one bit about the value of a company or commodity technicians sometimes called chartists this is me are only interested in the price movements in the market now we're going to look at some charts today this is a definition from Investopedia but it is true if you are someone that likes to look at the fundamentals take the technical analysis look at it in an advanced way take the fundamentals with it to give you more conviction to take the trade however if you get to a point which I was saying earlier were the fundamentals and the technicals do not add up what are you going to do you're going to look at the price right now and make a decision based on that and we're going to look at some charts here today ultimately what you're doing is training your brain to read charts or to read price action in charts when you are learning something when you're learning a method like my method the strategy I train which is gaps which we're going to talk about here you are training your brain when I get up in the morning and look at something or right now anybody can pick a chart I could bring up my charts right now they would be live the market's closed this Saturday but I've trained my brain over the course of you know almost six years now to read price as it's moving if there's strength in it if there's weakness in it the patterns of it I'm trained my brain to see everything every time I see it this is why over time actually if you set out and go and learn from someone that's a mentor like me and you learn from me I'm training you it's your brain that's doing the learning and then over time you get better and over time I've gotten better and over time you do get better it's you know it's so funny I I talk to so many traders people would do this for years and years and years and years and years losing you're supposed to make more as the years go on you're supposed to get better as the years go on you're supposed to make more money as you trade the longer you trade you're supposed to get better not worse or not same or not go down okay the idea is to get better to train yourself to get better reading prices like learning a language like sign language or a different language all together anything a foreign language you have to train yourself or training your brain you're learning okay it's like a different language all together the language of charts so the stocks will shall I'll see which is me has a new and bold method of how to accurately read directional bias of price using advanced technical analysis there's one underlying principle that exists in the world of the market in every chart an etf and existence and again you can use this for etfs too like the spy and the qqqs what is it it is a pattern that exists in the stock market understanding how to read prices so critical to create substantial gains in the market what do you need to look for in a chart to know whether to take a trade what is important what is not important and there are some things that are just not important okay there's some things that are important and there's some things that are not important what is important gaps okay now this is what i look at when i'm deciding to take a trade or not take a trade so what is important is gaps uh i have called this market extremely well and i'm going to tell you right now who did i can say i remember doing this webinar on saturday august 23rd and this stock swish lady said and she called the market between now and the end of the year possibly the next six months which takes into the beginning of 2015 the market the qqqs and the spy is going to go to some astronomical number spies are about to hit 200 cues are about to hit 100 that you haven't seen anything yet this market is going to go to some crazy bullish number that no one is saying and no one can expect in the next four to six months okay and if you look at the picture here this is a picture of a chart at the close of friday of the qqqs i called the market to go to this number since may since in the last four months i said the market was going to go to this number it's headed it's headed before i even expected which means we're very strong and we're going to continue and continue to go to the numbers now how am i able to do this i am doing this through price analysis of gaps so let's look at the gaps here in the qqqs this is a bullish gap this is a bullish gap that happened back here at the end of may in the qqqs the market has been holding this gap this is a bullish gap you could have gone along this gap at the time when we did this gap people were saying we were toppy we were coming in we were due for correction we were extended and i said no no no we're higher we rally rally made a new high gapped up again came in rally gapped up gapped up rally made a new high in here came into support gapped up again this is a teeny weeny little gap doesn't look like much but it's a gap it's a bullish gap drop down came in gapped up gapped up gapped up this is a gap up you can't see in here because i know i squished it really small but this is a gap up it went right on the day but it's a gap up and again there's lots of gaps in here now here's a bearish gap i like to go short i love to go short i prefer to go short of the long actually i have a method that i would look at the gap and i would rank this gap now i'm using technical analysis because i'm using what the price of the gap i'm looking at the daily chart this is a daily chart and i'm going to rate this gap or i'd rate this gap okay this is a bullish gap this is a bearish gap and i would determine if i think this gap is what is a good short okay and that's how you would know now as it turns out you could have shorted this gap in the market on this day and you could have made money shorting as a day trade it was not a good long-term short there were people actually that tried to short this for a longer term they got blown on through here when the market continued to make a new high but this was a gap you could have looked at okay you could look at actually every gap the market gaps a lot okay if you're going to do the ETFs the market gaps a lot some people actually prefer to do options in some of the stocks or the ETFs because they think it's cheaper than doing the equities i like to trade the straight-out equities i like to day trade but you can do options in these things using my system to look at the gap to determine the directional bias because you be determining the directional bias of what the gap which is going to tell you what it's going to do in the day whether it's a stock or the market i just want to point out one more thing here before we go to the next chart the market has been gapping up almost every day in the last two weeks market gapped up here neutral open gap up gap up gap up gap up gap up neutral gap up gap up again okay so this is gaps okay and this helps you read what the directional bias of what's happening with the price which is what technical analysis is and it tells you what to look at so what is important gaps okay this is the one thing that's very very important let's go over again here was the gap this is a review some people here may know what a gap is some people might not but a stock gaps in the opening price today is different from the closing price of the previous day's trading that's all that a gap is a gap is a break a break in the price action from one day to the next okay what is the new method to read gaps that i personally developed in the market it's a 26 point rating system i named it the golden gap to give it a name because it's like finding gold in the market when i find these gaps a rate per my system which means that they're going to work on the day work on the day meaning what that i could trade them in the direction of the gap whether it's a bullish gap or a bearish gap to actually take a train with a high level of confidence and conviction and i'm looking at a very very precise method which is what 26 things on what on the daily chart i would look at the daily chart i'm looking at the price of the gap in the daily chart and i'm looking at 26 points to determine if this is good or not if i want to buy this and i would rate it or if i'd want to short this and i would rate it and this is a lot of things 26 things is a lot of things it's like talk about advanced okay this is this is advanced if i ever come up with 50 things i'll do them as of now 26 has been pretty pretty exact on any given morning when i get up i can pinpoint within two top picks that i like on the day to do now what is a golden gap as i was saying a golden gap is a gap and is a high on the working on the day your idea of trading the reason you trade is you want to make money you do not want to take 10 trains and have nine fail one work you don't want to take five trains and have two uh work and three not work okay you want to take one trade or two trade and you want them to work finding gaps are rated according to 26 point golden gap rating system is like finding gold in the market and golden gap spot what institutional money in the case of the market it's buying institutional buying that's happening in the market and that's one of the reasons the market keeps rallying and making new highs now golden gaps are made by professionals what i mean institutions hedge funds professional traders real real serious professionals i'm talking about people that train a lot of money that take huge massive positions institutional money that's what that is okay that are creating the gaps themselves they are gaps that have a high on the working on the day in the correct direction of the gap with a larger mental move and the momentum happens why because big money is making the gap and that's what makes the momentum now this was friday this is actually a bullish gap that happened on friday what is a gap let's just go over here the definition of the gap gmcr and thursday night closed approximately 1750ish or thereabouts and the next morning friday morning wilka opened up here to run 125ish or thereabouts showed this gap up what made this gap this gap up here this is power money power money or what a constitutional money that would make this gap there's you and me and everybody here and all the people here we could not make this gap okay this is serious money that would make this gap the stock actually on from the close of thursday and to the open of the friday it gapped up seven dollars plus there's this is institutional buying are you going to short this are you going to buy this you don't know so you have a system and a method to rate the gap and this is what i do so we look at this it's a bullish gap and i'm trying to figure out if i want to buy this or i'm trying to figure out if i want to short this and as it turns out it's a good bullish gap it is what i call a golden gap stock ran up more than ten dollars on the day and this is exactly what i'm talking about here even in your relationship to the market actually and we're going to look at this trade later so advanced technical analysis what is and what is not important so what we determined was important is gaps highly qualified gaps that are made by institutional money that is important in the price analysis of the stock chart or the market what is not important here's a clip of a chart hlf this is a great chart by the way uh this what is not important shows you and shows you very clearly that pivots are actually in higher highs and higher lows and lower highs and lower lows are not that important in a chart what happened here the stock actually had a huge massive this was like a news generated thing on the day uh rally up on the day okay big huge factoring bar again i know this is small but the reality is you could look it up in your own chart this is hlf it had a big big move in the day trigger triggered rally huge over everything over every moving average in the world over the resistance and it didn't last guess what the stock did it made a higher high here okay even made a higher low and another higher high and then what it got down it got down it got down within a week of doing this bar now i did it do that it actually continued lower and broke i actually predicted that this would kill this bar after i saw it because i'm reading this overall picture of the price in this chart again which is based on the advanced technical analysis skills that i know of reading price so i know people got creamed in this because they bought in this bar and it didn't last and i'm sure there's some people that are in this bar they're still in it and it's not good so what is not important necessarily what people think is very very very important is pivots and higher highs and higher lows and actually lower highs and lower lows to determine trends in charts in the market and it is not as important as people think it has it serves a purpose moving averages serve a purpose but it is not what i would consider an advanced way to read price an advanced way to read price is going to help you make money is the method that i've developed which is in gaps so why do golden gaps work to read price gaps are created with large institutional money that is what makes the gap the gaps that happen to play out in stocks are formed by one thing and one thing only large institutional money therefore you need a way that will help you pick the correction to play the gap and confirm that the large money will flow with it by having a formula to rein and qualify the gap you get confirmation and conviction that the large institutional money is on your side and then you play it gaps are an event and they create a sense of urgency and urgency we have to sell out of this quick quick quick quick quick or something like that okay or buy it in the case of gmcr that's an action is being forced by participants at the stock whether they own it long or they are in it short this is why gap trading is incredibly powerful trading gaps is a powerful and profitable way to trade because we're trading on the side of power of money and guess what that's what makes the market that's what makes it possible for me you and everyone here to make money if there was not institutional money our power of money in charts there would not be gaps there would not be movement there would not be momentum we wouldn't be able to make it die okay it is real kind of money that makes gaps and that's what makes them so powerful to trade and to read in an advanced technical manner to read the price action of what's happening to predict what the stock is going to do on the day or even a long term so it's about learning a system that teaches you how to read the direction of power money that is something you can use forever meaning you could actually read this and use this forever if you learn advanced technical skills and gaps if you learn my golden gap rating system is something you could use forever gaps will always exist in the market as long as there is a market unless we stop having post and pre-market trading which we won't okay and the fact is that the US stock market does have a closed time and an open time which allows the gap to even happen in the first place and using a system and a checklist is a professional way to trade and again it doesn't matter if you're only doing this for a short time of the day actually I trade the morning I only trade the morning time period but I'm a professional in what I'm looking at I take it seriously and I have a checklist like if you were a pilot or a doctor or a dentist or some type of other profession everyone has a checklist they check it off what they need to do and this is a professional way to trade so the purpose of the checklist is to do one find stocks that have a high probability of directional bias for the entire day big moves early confirmation of the move before 10 a.m and precise entries with follow through and a good risk to reward which is how you're going to make money as a trader it is a multi-purpose system okay you can day trade this system this is what I do but it is also unique because you can use it for swing trades and longer term trades GM Star is a great example by the way you could be long in that stock for a longer term trade how is this possible because everything in the system follows the patterns created by large institutional money this is why the information taught in the class I teach is so valuable how many systems out there or strategies can you trade in multiple timeframes multiple purpose ways and not only do it but also do with conviction and have good results okay I'm using advanced technical analysis in the gap reading of the price of the gap and ascertaining the direction in the setup and therefore it can be used in multiple timeframes if you use advanced technical analysis skills you can trade more accurately to make more money which is the goal if it was such a case that every way you'd read a pivot would determine the directional trend of something that no pivot break would ever happen and then flip you out and go on to work again and by the way all none of us would ever lose if all we would do was look at reading higher highs and higher lows and lower highs and lower lows to determine trends in a stock or the directional bias is something we would everybody would make money and therefore there would be no market because that's not the way it is okay it's not that simple it is an advanced way that you have to look at what's reading the price okay now let's look at this one here this was the GMCR we looked at this one this beautiful bar here let's see how this played out live in the day again this is an intraday setup this is a one minute chart beautiful beautiful beautiful beautiful gap in this chart this gap this is a gap up it's a bullish gap here you can see this is a one-minute chart this is the close of business on Thursday around four o'clock to see if the stock closed down in here and you see here's the gap it gapped up boom there it is you could have even aggressively done this out of the gate okay beautiful move in this or you can wait for the confirmation and take the entry in here and look at this rally again done in the morning period though entry time was 10-10 this is a long by the way you're going long you're buying this again let's go back you're not going to short this it's not going to fill the gap it's not going to fill this gap it's going to hold it's going to hold why it rates well it's a bullish gap according to my 26 point checklist okay you were going to look to buy this thing and if you buy it it's a huge straight entry was 127 20 risky 80 cents this is an advanced risk by the way you're risking 640 bucks it actually bound up to 136 talk about a dream target this is a dream target for the stock realistic target was 130 this stock went six dollars past the realistic target of targets for things again that's an advanced method uh to determine the price of the targets as well total profit if you took this trade on Friday Friday over six thousand dollars this is what I call a good trade okay that means for every dollar that you risked you made 10 dollars and 38 cents that's a profitable trade okay this is a quality trade in a stock that had momentum and a good gap you're going long this this is an advanced risk if you cannot take this kind of risk in the trade then you'll divvy it up divide it by two divide it by four whatever you're still made 10 dollars and 38 cents for every dollar your risk that's a good good trade okay so advanced technical analysis of gaps gives me conviction it gives me conviction it's convictions you want to risk to risk money because there's no getting around it no matter what you do in the market you can't make any money if you don't take any risk and if you take risk then you have to have what conviction if you don't have conviction then you second guess yourself you're like well it's 50 50 maybe I should take it here or you take it and you're not sure yourself it's 50 50 and then you're up a little and you kill it and you kill it too soon what if you killed this too soon what if you killed this here look look at all the money you missed okay you have to have what I call 100 conviction conviction you believe in it and what gives me conviction the rating system my analysis of the price of the technicals and the stock and the gap the rating system the gap itself gives me the conviction looking at the gap and having a high level conviction in that gap now here was another one here again I love the shorts this is NUS this is a short this was a gap a bearish gap stock close to here the night before open up the next day here this is a short okay again I would get up in the morning I'd look at the gap the stock close to here and then it got down and I'm looking at the gap to see if it's going to be a good bearish gap to short and if it rates well according to the rating system I would look to short it and let's see what happened this is not going to be any of august so here's the stock gapping down again are you going to buy this when it has a green bar here to fill the gap no why it rates well per the 26 point rating system you're looking to short it you're looking to get in you're looking to short this and if you do it falls off a planet again another one that went to the dream target hard to hold these things to some of these numbers because you're up so much money at a certain point here in the morning into 10 o'clock you know you have to take the profit and here's a good example though one that just did kaboom as well in the right direction which is down entry time was aggressive this is now not after 10 o'clock this is into the open 933 price of the entry is a short you're shorting the stock you're shorting at 50.91 risk now is 34 cents okay the amount of shares you can take and this one is more for similar risk you're risking 578 again this is advanced eggs it's 45 it actually went to 43 something it went to a crazy number it just went to some crazy number in the day was almost unbelievable this is a dream target by the way total profit in this over $10,000 if you took this train with this size you would have made over $10,000 you wouldn't have needed to take another trade the rest of the week but maybe you would have if you had another good gap risk is 17 hours again quality trade what are you looking for normally three three is what you're looking for if you get three hours a day that's a that's actually money you're paying yourself for trading for living but every once in a while you get something that's fabulous okay whether it's bullish or bearish and you have to maximize it what helps you do that the conviction what helps you get the conviction the gap rating how high the gap rating is how are you getting that information what are you doing you're reading this this the daily chart of the stock you're reading the whole thing you're not reading the pivots you're reading the gaps you were reading the gaps you're determining what this is going to do in the actual gap which is what is being made by professional traders by institutions by hedge funds okay now what about percentage of return people always ask me that in these trades how does it turn out okay percentage of return in reference to day trading is based on an r concept i did not create the our concept okay this is a concept used by day traders and talked about and taught it is for every dollar that you risk you were looking to make a certain number of dollars the dollar is in the risk in the entry price of the stock per the stop okay an r or what is an r an r is one risk unit the risk in a per trade should be equal or close to equal per trade which means if you trade and take three trades every day you should be risking approximately the same if you want to risk a hundred dollars fine your r is a hundred bucks that you take three trades everyone should be close to or equal to a hundred bucks the risk unit is the amount of money you're actually risking to trade if you use a hard stop which i do if you do not use a hard stop then you have unlimited risk and if people say well i don't i don't want to use a hard stop i just want to give it i have a paper stop a paper stop doesn't help you when the market crashes when the market rallies on news when when something happens when somebody gets on and talks about something and we're going to war you have a hard stop i use hard stops i trade besides i use hard stops i can take a five thousand position i have a hard stop in you i know where the stop has to be okay many people do not know where to put a stop and do not use them however it's very important to use hard stops and i will always use hard stops and that hard stop protects me okay because no matter what your level is beginner intermediate or advanced you have an unlimited risk you don't have to stop in you know what sometimes people do they freeze they don't have to stop in and they may not even have a lot of size but then the stock goes completely against them in the opposite direction they didn't get out they didn't ever stop in and they can't get out and they actually far past where they even wanted to get out okay so you don't want that to happen to you you want to have a contained risk a calculated risk a determined risk so let's look here in this noose what really was the rate of return for this train here because again people always look at this i people look at this in reference to day training investing but day training is based on the r if the r was 578 understanding your return on investment and noose was what you risked 578 if you have this again this isn't the low of the day or the dream target this was a dream target but this went beyond the dream target if you held it to there you're richly wanted ours is 17.38 now the buying power you needed to take it you have to have a account to take it you would have needed 86547 this isn't in cash you would have needed this in buying power the broker gives you the buying power the cash you would have needed on a four to one leverage day training account with the broker was 21636 so you wouldn't need this much cash at a four to one broker account to take it now could you have taken less than that yes what if you would have taken half what do you want to make 5000 can you live with that so you know either way this is what you would have needed for this trade now go back percentage of cash out late 46 percent but this isn't the right way to look at it okay the reality is you're looking at the risk you were to 17 you actually made 46 percent a rate of return on your money and that sounds outstanding because this is one trade on one day of 200 you know some trading days in a year but this isn't really the correct way to look at day trading okay you're not sucking up this much money to take the train of actual cash when you're day trading you're going to get out of it okay you are utilizing this to take the position you're not going and purchasing the stock and getting a stock certificate in the mail and using that money to get that certificate you are day trading it's using this buying power of the cash you had up to have it to take the train to get in to get out and to book it and then you're done if that was the case you'd make thousands and thousands and thousands percent on your money as a day trader so the correct way to look at it is actually this okay it's the risk to reward but this has to be equal or close to equal in every trade okay so it's understanding the amount of the risk equals one risk unit this is a proper way to look at apples to apples to compare day trading on any other type of trade that you take the bigger picture really for trading is i think for people if they want to take this seriously and learn what to do is that you could do this for a career one important key factor in becoming a successful trader is keeping in mind the bigger picture while living in the now i know this is challenging we all have many things we have on our plane but you can live in the now with your daily decisions but keep the bigger picture in mind of where you want to go and who you want to become if you did not keep the bigger picture in mind the regular every day things that life will consume your daily thoughts and you will never reach the bigger picture goal if your bigger picture goal is you want to be a career trader how are you going to get there you have to start somewhere you have to start somewhere as you start with learning start with learning experience a small account trading is a career choice and a lifestyle choice in the bigger picture many people struggle to remember the bigger picture goals and dreams during their day to day activities but you know what you have to time flies here it is it's actually almost the fall soon it's going to be christmas the holidays hanukkah everything then it's going to be 2015 okay time flies and if you don't have a goal to set out to get and accomplish the things that you want in life time will just go on and on and on and on and fibers will go by and you say gosh you know where am i at i'm still trying to figure out this one strategy and i don't even know what i'm doing i'm actually still dibble dabbling in the market and losing money you have to make a decision that you want to be serious about it it's this doesn't mean you're taking 50 hours a week trading it means that you're just going to be serious in the time that you do it in the short period of the day or the time of the quality of the factor that you take in learning something that actually makes sense for you to even do in the first place the bigger picture is though if you do want to be a career trader you will have more time for leisure because this is not an activity as a day trader you spend and sit and work 60 hours a week i'm done every day by 11 o'clock at the latest everyone's in a blue moon i'll hold a trade into lunch but it's not every day and so it's pretty much part-time hours for more than full-time pay the bigger picture is you have more money for a better lifestyle for other things that you want to purchase or buy years and years ago you know i used to work for banks and we get you know we get the reviews and we have the reviews every year and we get bonuses and all these things companies don't give that stuff anymore they don't even give a normal percentage of annual pay raises even if you're doing great okay the key is to work for yourself and how do you do that you can trade the market when you trade the market you're working for yourself it's you in the market alone doing it okay and it gives you the ability to be able to make more money to have an unlimited income because you got to learn how to do it so that you can actually make the money in the market and also the bigger picture is you can work from home i love working from home i don't have to commute i don't have to worry about snow storms in new york uh i don't have to worry about any traffic in the subway you can just work from home so i teach a class the class is called the golden gap course it teaches one solid strategy which is golden gaps it teaches multiple entries and plays in the tab to take the trains like the gmcr and the nus it teaches you how to trade the open i'm looking to aggressively take these entries in the stocks before they go to the dream numbers it teaches you how to book money intraday and stocks teaches advanced chart reading skills and technical analysis and i also teach people how to get conviction in their trading in the market is a source of wealth because that is what it is meant to be it will not be that for everyone why because people want to do flip from thing to thing to thing to thing to thing to thing to thing the idea is not to take one trade and make a million dollars this is why people are doing the gap fills by the way or two reversals this is why people are trying to short this market because i think it's extended it's extended it's extended i'm gonna have my dream trade and make a million dollars by showing this market it's going to come in like a boom your dream trade is not that your dream is to trade every day your dream is to make millions of dollars of the course of your lifetime consistently and how longevity in a career that most people will never get it is not to take some crazy risk trade and make a million dollars in that trade doing something that makes no sense it is to be consistent to chunk it out monday tuesday wednesday thursday friday and have one good pick and one good thing every day and you know what some days you will have trades like the one i showed you today some days you will and those are dream trades by the way okay but it's an advanced risk how to get to the point where you can take an advanced risk you have to learn what to do so i teach a class it's called the golden gap course it teaches us strategy and how to trade gaps the course teaches a 26 point rating system to find the best stock to trade each day in a gap the course also teaches you what direction to trade the stock on the date which you have to know how to do or you won't make money the course teaches you chart analysis and technical analysis on an advanced level which you will have to do if you want to make money in the market you could go read a book and it's not going to teach you how to make money my class actually teaches you how to make money in the market there's lots and lots and lots of information out there free stuff on the internet it's not going to teach you how to make money you can learn tons of things all kinds of things you could have every indicator in the world of your charts at the end of the day you have to learn how to make money and that means you're going to have to learn something that's actually a little bit advanced to learn a strategy that you can use to make money in the US stock market is another reason to take the class to learn how to trade and find stocks that have momentum to read charts to read multiple timeframes to pick the symbol and determine the targets and only that to learn a new career that you can do from home which actually I think is really a fun thing to do so empower yourself to trade and again if you want to do this for a career it's it's a great career by the way it's a really great career because you don't have to work for a boss you don't have to work long hours but even if you love your job and you love what you do you could do this for extra money you know five hundred dollars extra a week which is a hundred bucks a day is two thousand dollars extra a month that's 20 for a grand a year that's a vacation uh that's you know a beautiful clothing you can buy yourself a new car it's lots of things okay so then that's not even making a million dollars it's a hundred bucks a day and you could still have your regular job if you like it and trade in the morning to make some extra money and even if you made a thousand dollars a week that's 48 grand a year that's an extra almost 50 grand a year and then you can start to see gosh you know maybe I could do this for a living someday and then maybe when you're ready to retire from her job then you'll have something else to do besides relying on social security which who knows if it's even going to be there by the time any of us retire if you live in the U.S. who knows or a pension and who knows if those are going to be there okay companies are not even continuing to get it get pensions like they used to you have to empower yourself to trade you have to take it upon yourself to take charge of your life and your own finances and not only that your future you live in the now and you plan for the future and that's how you empower yourself to move forward anyways the class i teach is called the golden gap course it's a full duty course on how to strategically find pick-and-play stocks that are professional bearish gaps retakes are free the class is online can be anywhere in the world and take it the next class is going to be in a couple of weeks here it's two weeks i think uh september 13th and 14th 90 a.m to 5 p.m eastern time the cost is 29.99 if you're interested and want to sign up you now me and melissa at thestockswish.com i also teach one other class here it's called the trends course this is for longer term trades if you want to do overnight the date of this class is september 30th and october 1st we're going into the fall here now this is a course on how to read trends and stock charts this is for more longer term trading the golden gaps is the day trading the cost of this is 9.99 again if you're interested email me at melissa at thestockswish.com i'm doing a special for this class if you're interested it's a combination you can take both classes and i'll give you almost 500 off so you get the gap class and the long-term trends class for 34.99 it's a savings of 4.99 so this is a good deal and you learn all this stuff in the fall which is actually a good time to trade so the summer special i'm doing is the combination if you want to do both the classes because remember fall training is right around the corner fall training is just it's just almost here it is right around the corner before you know it the market's going to get busy again volume in the market has been low by the way i'll say that one more thing the bottom of the market has been very low we've continued to make new highs and hit crazy numbers so when the fall comes around expect more volume in the market to come in and bigger numbers to be hit up in new highs in the market so the special offering for anyone that is here today that wants to pre-register for the class in september for the golden gap class in september if you sign up by tuesday august 26th you can receive two months free and the stocks will show live trading room where i make calls like the nus like gmcr this is the savings of $500 and just to caveat here the live trading room that i when i call my trades when i trade live is only open to people that are golden gap course students so you cannot just join the room you'd have to take the class and join the room and why because you got to know what to do if the stuff happens quickly it happens fast i want people to learn and i want people to do well if you want to do this and actually make money it is my belief system you need to take it seriously the only way you're going to have conviction is if you understand what the heck i'm talking about when i call the trades and that means you need to learn it and learn the gaps okay so any questions from anyone any questions at all i'm here for some questions i made it into the wire here even though i started late well so you did a great job you got a lot of information out and put the short amount of time and we really do appreciate you joining us today i know i learned a lot as well as everybody else i'm sure they did as well and unless i did send everybody your email address okay great as well so they should they should have that just in case they didn't catch it on your screen thanks so much thanks michael thanks everybody for having me today have a wonderful saturday all right you too thank you bye