 Our previous presenter ended a few minutes early, so we've had a break here for a few minutes. So if you're ready and want to start a few minutes early, you're welcome to. Sure. Let me know. All right. Hold on just a second. Let me finish getting set up. All right. I'm going to start recording, and you can go ahead and start now. Welcome, everyone. How's everyone doing today? Let me see if I can find the chat first. I don't know where the chat is. I was going to look for... What's in the... Yeah, if you see the zoom in... Oh, okay. Let me move it to the side here because I was going to... In case there's questions. Good afternoon, everybody. My name is Melissa Armo, and interesting day to train markets pushing back today. While I'm talking today, guess what? The Fed is going to talk at two o'clock. I'll be done right before then, but we could have some volatility and movement in the market. So let's talk about trading. Let's talk about making money. That's the reason that we trade, even though it's fun to press a button. It's really a lot more fun to make money. So we're going to focus today on one system to make money trading, specifically gaps. That is the system that I trade. If you have questions after today, you can email me at Melissa at thestockswish.com or call me at 9 to 9, 3200 Gap. You can also follow me on Twitter, Facebook, YouTube, or Skype, I appear on TV. I'm on every Thursday, Real America's Voice talking about markets and politics, and I usually put the times of my hits on Twitter, so you can follow me there. And we're going to talk about the market today, and we're going to talk about gaps, and we're going to even... I'm even going to show you a trade here that I called today. So we're getting into the period here of the fall period. In fact, today's the first day of fall. It doesn't feel like fall yet here in New York. It's a little too warm. I still have air conditioning on, but fall is on its way. Winter is probably going to be here before we know it. And I think someone said that the trading home today is 100 days left in 2021. I'm not sure if that's correct. I'm going to count it tonight, but that is crazy. So ask yourself, while we're sitting here thinking about what we can accomplish between now and 2022, are you on track for your finances for 2021? Are you on track to make the money that you wanted to make this year specifically trading? And you can ask yourself in general if you're making the money you want to make this year, no matter what you're doing. Some people are working full-time and they're trading full-time, and they want to trade full-time, but they don't know how to make the transition. I think the nice thing about trading gaps, which again I'm going to talk about today, that's my strategy, is they set up very early in the morning. So depending on where you live in the world, you can block out just a half an hour of the day to trade my strategy. You could do it in the morning, you could do it on your lunch period, but it's between 9.30 and 10 a.m. Eastern time is the time that I focus on trading. So it is time to turn your year around. If you're losing money for the year 2021 in the market, you still have plenty of time left, plenty of opportunities. You've got October, November, December, and again, earnings season begins in October, which is typically a very busy time to trade. A very profitable time to trade. We did an earnings trade today, which was FedEx, FDX, that gap down today. Actually, the earnings were last night, and there's a couple big earnings Thursday night that I'm going to be watching. And to Friday morning, Costco is out Thursday night. That could have a big move too, okay? So there's plenty of opportunities to turn your year around if you're not doing well this year training. And I always tell people, don't worry if you have a small account, because if you know what to do, that's all that matters. It's really earning power. Knowing how to earn money, that's what counts. You know, if you take a good trade and you make a lot of money and you don't know what you did or how to replicate it, how are you ever going to do that? You could spend all of the profits that you made on that one good trade and lose and consequently lose even more if you don't know what you did. So having the right knowledge and knowing what to do, having the right strategy, the one focus, one strategy, really will help you be able to replicate whatever money you want to make in the market consistently, because that's the key. This does not mean that every trade I take works. Some trades I take lose. You have to account for that, and that's why you stop. But at the end of the day, the knowledge, the knowledge helps you and something called conviction, which we're going to talk about too. So I use one system to trade the market. And if I have one tip of the day to give you today that you can take away from this lecture here, it is to focus on one thing at a time. In fact, I even usually focus on one stock at a time, one trade at a time. And I think it's important to have a good mentor. Now, while you don't necessarily need a mentor, I think it's extremely helpful. Even if you've been trading for a long, long time, I'm really good at what I do. I'm an expert at what I do. So if you come to me, you do my class, you're new. Having my outlook on things, the market stocks, whatever we're doing really will help you get the conviction and the confidence to take risk and then obviously trade. So let's talk about what is a gap. I said that I do gaps. I focus on gaps. I focus on one pick a day. We actually did puts in Facebook on Monday, did two puts in Facebook on Monday, and I called it another put in Facebook today. So let's talk about first of all, what is a gap? Facebook gap down today, right here. So this was yesterday, Tuesday, today is Wednesday. What is a gap? A gap is a difference between the close and the open. So Facebook closed last night here, right roughly around 3.57 and change, open in the morning, boom. It opened down a lot, around 3.47, 50 and change, okay? So what did Facebook do then it fell? In fact, it's falling right now. So anyways, this was a short. You could have shorted it as a day trade or you could have done a put. So this morning at 10.13 in the morning, I called the 3.40 puts out for next Friday in Facebook. They're working, okay? Now how did I know that Facebook was going to continue to drop? Because I'm reading the buying and or selling, in this case of Facebook, this is a short, so where I'm looking at selling action, that I'm predicting that it's going to sell off and continue to sell off on the daily chart. This is the daily chart of Facebook. And again, I'm predicting it based on what? Based on the gap. Now I was saying Monday, we did it too. Let's go back and look at Monday's gap. This was Friday, this was Monday. Stock closed here on Friday, boom. Closed right here around 365, fell. Open where? Lower, under 360 and then fell. So we did puts in this on Monday. You could have also day traded this Monday too, okay? Again, this fell here and then it fell even here, okay? This is from Monday. Actually, let's just go back to Friday. From Friday's close, again, around 365-ish, it was a little bit under it. To today, look how this thing has fallen and today is not over yet, okay? That is a big drop for this stock, even for Facebook, which moves pretty big. It's a little bit pricing. That's why sometimes it makes sense to do these as options. It's a little bit cheaper if you have a small account. That's a big move, even for a stock like this, okay? So I get up in the morning, I look for gaps and then I rank them and predict the direction that they're going to go. That's all I do. And you can trade them as options like this. This is a newsletter that I have, or you can do the day trades. So having one strategy and one focus helps you. Why? Because unless you're going to accurately predict the market direction every single solitary day, which is hard to do, I'm good at it, but I don't get it right every day, then you're going to have difficulty finding consistent plays Monday, Tuesday, Wednesday, Thursday, and Friday because most stocks on any given day go with the market. For example, today a lot of things are rallying. Now Facebook is not, but a lot of things are rallying today because the market gapped up today and it's pushing back. Again, I discussed earlier, we have a Fed meeting at 2. We're going to have movement with that. The movement could make us drop. The movement could make us rally more. We're going out in an hour, okay? But having one focus will help you to be consistently profitable and not to constantly be looking at the market gyrations, which we've had a lot of just in the last, I'd say, three days, four days, and expect that to continue into the fall period. So having one strategy is really all you need to be successful in the market. And again, you can trade one strategy doing it as options, doing it as day trades, doing it as swing trades, whatever works for you. But it's the concept and idea of looking at one thing, okay? Then you can add the size to it. You do not need a general overall broad-based view to make money. I know people think that while I discuss on TV about, for example, what Congress is doing with the 3.5 trillion dollar stimulus plan, the government debt, saline, the shutdown, all of these things, you know, you could always give a reason why we're dropping, why we're rallying, why we're following. In the end, all I look at really to make my decisions is the technicals, the chart, the price action, because I want to make money right now today or tomorrow, you know, this week. So looking at the long term, again, what Congress is doing, the political backdrop of where we are right now in 2021, COVID, all these things, that may help you get conviction, but I do not make trading decisions based on that. I don't make trading decisions based on news or fundamentals or any of that stuff. It's too late, it's too long, too far ahead. We got to make money right now to debt, okay? And any questions here, just plop it in the room. I do have the chat up on the other screen. So getting back to what I was saying, if you can learn how to read price patterns, predicting where something's going to rally, to go long or fall too short, then you can make money, okay? And if your reason for trading is to make money, then the bottom line is that's all that matters. Someone's asking about putting your eggs in one basket. I don't put my whole account in one basket, if that's what you mean by your eggs. I'm talking about focusing on one trade, one stock pick at a time. If you have a $10,000 trading prop account, you wouldn't risk $10,000 in Facebook today. So that's what I think of when somebody says put all your eggs in a basket or risk the farm. No, it's one thing at a time. Worst case scenario, say you risk $1,000 in a trade in Facebook today. What if it loses? Then you lose $1,000. So then you have one loss. Then that's it. If you win, you win. Versus taking five trades. That's a good concept and a good question because a lot of people think they want to spread it out. I don't look at it like that. I look at it like I want high odds. I want high odds. It's like if you went to Atlantic City and you were like, okay, well, I'm going to play blackjack. I'm going to do roulette. I'm going to do craps. I'm going to do slots. I'm going to do this thing. No, why don't you just get good at one thing? Like I would be someone, again, I don't do this. I really don't go to Atlantic City even though I could. I probably would be a good person because I go with numbers to count cards. But the reality is, you know, if you want to make money in something, just be really, really good at that one thing. Spreading it out is really not the right concept. It's about the concept of excelling, getting really, really good. Like if you wanted to become an athlete, you wouldn't play football and baseball and tennis and golf and everything else. If you wanted to win in, you know, tennis, we're at the end of the tennis season now. US Open just ended. You would have to focus on playing tennis. Do you understand? That would be your main focus if you wanted to win the US Open. All right? And this is true in anything that you do in life. If you want to get good. This idea of like spreading it out by doing a million different things, it doesn't serve you to ever, ever, ever, ever, ever really get good at one thing. And I've completely made a living. I've been doing this now for 13 years. You know, I've been trading nothing but gaps. And I just do it in different ways. I do it in options. I do it in day trades. And I also have then something called what? Conviction. So we shorted the market on Monday. I called the market to fall yesterday too. How was I able to do that? Having conviction. So having conviction is an important piece of trading that many traders lack. Why? For two reasons. They don't know what to have conviction in. Okay? And they lack a good strategy. And they want to do what Ajax just said. They want to spread it out. But then how do you have conviction in anything? You're like, well, I'm not sure about this and I'm not sure about this and I'm not sure about this one. So let me take three trades. That's kind of silly. Again, that's sort of like gambling. You say, I'm all in in this one. And again, all in doesn't mean you're risking your whole account. It means you size yourself accordingly based on your account size. But either wins or loses. And if it loses, then you learn something from it maybe. Not every trade works though, even in a good system. And when traders lose in a system, guess what? They want to give up too quickly. This is a mistake as well. Anyone that trades the market has times where they have losing trades. Again, that's part of trading too. So many traders are black and white, black and white. Live within the gray area. You're not going to have 100% winners. You wouldn't even with me. I'm short some things right now and the market's pushing back. I think the shorts are going to work. But the reality is, I'll know by when, Friday at four o'clock. But I wanted a lot of trades on Monday. So it's neither here nor there even if I lose in the rest of the options I'm in this week. I had some big trades on Monday when we dropped. But the fact is that any system, any system you do will have a percentage of the trades that lose. So my winning ratio is about 80%. So for every 10 trades I take, I expect you to be losers and 8 to be winners. But I don't lose conviction if I take a trade that loses. If you want to trade and do well, you need a good system. And you need to have conviction in that system and how well you got to understand it. Well, it does not mean that you will never lose. It does mean that you will win more than you lose. And guess what? That's all that matters. That will allow you also to put more risk on and take bigger risk in trades, and hold the conviction. Like I'm holding the put sentimental Friday. Of course you need to know what to have conviction in, which is the information that I teach about gaps. So again, getting back to this thing, it's quality. It's not quantity. It's quality in order to make money. Now here was the Monday day in the market. This is the QQQs. So what is a gap? Again, we're going to go over it. Market closed here, gap down. Boom. A gap is a difference between the close and the open. Gap downs. We happen to do the gap down on Monday. What is a gap up? When the market or a stock closes, one price and opens higher. So here's four o'clock. Here's 9.30 in the morning. Rally. We fell from Friday to Monday because the stock price moved down, or the QQs, which were here, dropped. Do I think the day training is safer than what? Safer than what? I don't know what you mean by safe. Any trade that you take, you should risk yourself according to what you can afford. As long as you do that, you'll be safe. But any trade you take involves risk. So, I'm not sure what you mean by day trading versus what? Swing trading. The difficulty that people have with swing training is they never know when to get out. And then people can get burned with doing that. And people can get burned if they're in the wrong direction and they also never know when to get out. If you're swing trading, you're just buying something and holding it or shorting something and holding it. What's your time frame to get out? You know, with day trades, I'm in and out quick. Boom, boom, boom. I have to be out way before 4 o'clock and preferably in the morning. While sometimes I will hold a trade like the market this week, I'm preferably out in the morning. People have a problem with swing training because they never know when they're getting out. So, traders struggle with that. With options also, when do you get out? You get out when you're up. You get out when you're up, you get out when the momentum comes in when you're up. Because you have a fixed time frame in the option. So, the reason that swing trading is difficult for traders is because they never know when they're getting out. That means when they're down or up, to be honest with you. So, that's my two cents on that. But as far as safeness, there's neither here nor there for that. It's about your risk. So, you just should never risk more than you can afford to lose as far as anything you do. Whether it's an option, whether it's a day trade or whether it's a swing trade. Okay, so let's talk about gaps. What makes them so profitable? They have big moves. Like I showed you in the market. For me, they also have fast moves and large moves. And therefore, you can make a lot of money quickly in a gap. Why? Because you get the big move right away. And that helps. Facebook is another good example of that today. And when I say an option for a fast move, I mean 24 to 48 hours. When I say a day trade for a fast move, I mean 5, 10, 15 minutes. So, this was a fast move for the market on Monday. I consider that fast. Okay, fast, whether you did the day trade or the option or both. Again, it was a short. That's quick. The idea of buying something and holding it and holding it and waiting. One, your money's tied up in the trade and two, you can't get out with a profit until the move goes. So, gaps create momentum and volatility which makes the fast move, which makes it easier to make money and play on. Again, like the Facebook, and actually I was off last week, but you could have shorted Facebook. I'm seeing this here. I've actually done this Friday too. Again, I didn't trade Friday, I was off, but you could have actually done this here too. You could have done this Friday too. Now that I'm seeing that here. But again, I didn't trade on Friday. So, who makes gaps? Institutional money. The footprints of institutional money that come in and either sell the market or buy the market. What happened from Friday to Monday? Boom. We had a big sell-off in the market. We had a dump. Okay, it was institutional selling. So, we fell. And then we sold off all day into the close. We're into about 3 o'clock, 3.15 ish. So, I'm looking for institutional money to play with, which is, you know, volume. I'm not trading low float stocks or cheap penny stocks or any of that crap. I'm training stocks and companies you know of. Like you've heard of Facebook. Okay. I'm trading things that move. I'm trading things that have big move. I'm trading things with volume that are traded by institutional money. They move stocks like here's the FDX. So, what happened with this? Again, this was last night. Stack closed here. Last night at 4 o'clock. I don't know where this exact close was, but it was maybe around 2.53 ish or so. Open in the morning down. Boom. It was around 2.35 ish. So, again, this closed here gap down. Drop. Boom. Okay. So, institution solder position in FedEx last night into the earnings. It was after 4 o'clock. I do not trade the post market or the pre-market, but we looked at this today. Okay. To do what? To short. So, there was volatility. If you're following what's happening in, again, the institutional moves of something and the volatility is going on. You have lots of opportunity to make money as an active trader. It doesn't matter how you do it. Okay. The whole idea of swing trading is really to increase your portfolio and your investments long term. So, that's not what I call active. Active is options on the weeklies or doing buy weeklies. Active is day trading in and out quick. Okay. We want to chunk it out, especially if you're going to do this as something that what you're going to do for income. Okay. So, if you're income trading, then you need to be active. You need to make your money work for you. So, I'm looking for volatility, again in the gap, because that's how I get profit as a trader. Trading is making money with moves. It's not long-term investing. Well, I can use gaps to read long-term trends, market any stock I see. That's not what I'm doing on a regular basis, day by day, week by week. Okay. So, it's important to know the difference in why you're doing this. So, I'm looking for institutional money. And if you want to do this for a career, then you have to get big moves, because you're going to have some trades that lose. So, you have to have the winners be big enough that they win, get you ahead and cover the losses. Okay. I'm capturing those moves in a small time frame, in a small period of time daily in the market on the one minute chart. Now, here was the spy. Just like the Q's, just like Facebook, this gap down on Friday morning. I mean, Monday morning. Well, actually, gap Friday too. Here was, let's look at Thursday. Thursday closed here, gap down fell. Boom. Then we closed on Friday. Closed near the lows. This is the spy. Okay. The banks are in the spy. Banks are up today. That's also why we're pushed back today, although there really wasn't any reason. We closed here, gap down, fell. So, this is a pretty significant fall here. It was around 441-ish. And then we opened in the morning around 435-ish. This is Monday morning. Boom. Again, you could have shorted this here as a pet, or you could have just shorted this. Now, this is a little pricing. So, you might have done this as an option. Options are a cheaper way to trade stocks because you don't have to have a margin account. You can have a cash account. All right. Whereas you would need margin for something like this at this price point. But institutional money sold off the market from Friday to Monday. Okay. Again, we can talk about the reasons, but it's neither here nor there. I get up in the morning and I look at the gap and I rate the gap and I say, wait a minute, this is, this gap is good. This gap is going to go where? Up or down? And in the case of the market, it fell. So, we shorted it. A big flow of money going in a certain direction is what moves the market, stocks, and creates momentum and sets trend in charts. And that's what you want to play with. Okay. You want to play with the big money. I call it power money or institutional money. It's hedge funds, big banks, big, big traders to take big positions in the market. It's power. It's a lot of money that comes in. It's not you. It's not even an entire trading room with a lot of people. It's hundreds of thousands and millions of shares. Okay. That are being dumped on a day like today in Facebook, for example. You want to be in the side of power in order for you to make money trading. Institutional money is in charge of the market and stocks at all time. And even if you think it's not, it is. And that's one of the reasons why I think between today and Friday, it'll be really interesting to see the market direction and really where we go. As far as who's in charge, the bulls of the bears, the market isn't an uptrend. That's absolutely true. But we had a big sell off from Friday to Monday and you can't deny it. So, you want to learn how to read the footprints of big position players and the ideas to do before the momentum occurs. Not the gap occurs, but you see the gap. And then you quickly get in as soon as you can in the morning. And if you can do that and get a great entry, then you can get out wherever you want and get out quick. You can hold it. And again, we're looking for momentum, but it's really institutional money. And so, this is what I focus on. This is the only thing that I do. It's gaps. And again, this is created a lot of success for me over the years. And I've gotten better at it as I've gone along because I only do this. Lots of people are always trying to talk me into Bitcoin and Forex and Futures and all this other things. I don't need anything else. I just add more size to what I'm doing now or take more trains and more different stock picks. And that's how I'm making more over the years. So, think about this like I said. Tip of the day is to focus on one thing. Don't spread it out. If you feel the need to do that, you probably don't have a lot of conviction in any trade that you're doing. You really only need one thing to be successful. That is really key. You're going to limit your losses. And then again, you're going to get good at something. So, for me, for gaps, what I focus on is that's particularly the first 30 minutes of the trading day. I'm capturing those moves, trying to get in as quick as I can. I can give in and get out fast. If I'm in a day trade or if I'm in an option, I can hold it for a bigger move. My system is based on stocks that are gapping. So, stocks that gap in the morning have typically big moves. And for me, a clear directional bias, is what I know when, way before the open. So, I'm figuring everything out way before 9.30. Lots of day traders don't even figure out what they're doing until after 9.30 or even after 10 a.m. I have a pre-set and pre-planned what I know and what I like, well before the open. Again, that helps to ease the stress of me and make it less stressful to train. I'm not trading on the fly. I'm not making decisions on the fly. Very often people don't do well with that as too. I mean, people just don't do well risking money on the fly. And nobody should be doing that. You should know I like this or I don't like that. I'm not trading today. There's nothing good or I am trading today. This is good. You know, that kind of mindset. But knowing what I want to do before the open does give me an edge. Okay. Again, it's the idea of becoming a specialist. Becoming an expert. The focus on something. So, again, let's review what is a gap. A stock gaps on the opening price today is different from the opening price of yesterday's trading. A gap is a break in price action from one day to the next. Simple. Well, how do you know about gaps to do? There's thousands of things to gap on any given solitary day. Well, I go through and I make a small watch list every single morning and I rate them. So, I'm not rating 200 gaps in the morning. I pick and choose and make a small watch list and rate those to try to find the good ones. I might do one or two. Preferably one. Okay. One good trading in order to make money trading. Now, if you want to do several options, I think it's easier because of the fact that you don't have to monitor them so quickly in a one minute chart. But again, it's the idea of the quality. Not the quantity. Okay. You cannot short every down gap. You cannot go along every up gap. You can't short every up gap. You can't go along every down gap. Okay. It's not that simple. If it was that simple, then no one would ever lose. So, how can you use this system to make money? You're going to focus on institutional money and focus on the gap and getting running in the pre-market. If you learn the system, you have it all situated before you go. What you want to do. Targets, support, resistance, the gap rating. Are you going to go long or short? What are you going to do? Okay. So, I got up in the morning on Monday, saw the gap. We were down pretty early. We were down like at 4 a.m., but I didn't get up to like 5 30. And we didn't really change much. I mean, we were down and we stayed down pretty much till the open. So, here was where we closed. Here was where we opened. And again, I rated the gap early in the morning. And I said, wow, this is not going to reverse. Which you could have. I said, this is a short. And then I knew we could go full throttle, shorting many things to get the market direction that day with it or the help of the market, including the market. So, this was what I call a power trend day. It's rare to have power trend days in the market up or down, but we did get that on Friday. Again, I don't count the way we closed the bounce into three because a lot of times you get reversals late in the day. Overall, we really did have a power trend day down to the downside in the market on Friday. I mean on Monday. So, you can say all the reasons. Again, Congress and this and that. The reality was the gap was real. Okay. We saw selling and it was institutional selling that came in from Friday to Monday. Now, I'm going to go back to September 3rd. I started having kind of a bearish bias on this market that we would have a drop. My expectation was we were for a little bit here now. I did a put a, it was a cheap one. A buck 60 on September 3rd. So, let's go back to that day here. September 3rd here. So, I called a put here. It dropped. It worked. We did the 451s. Boom. Dropped. Okay. So, this was back then. This expired even before the drop from Monday to Friday but this trade did drop into it. It was a returning investment of 81%. You could have taken one contract and risked $160. An advanced trade at risk of 50 contracts which is a risk of $8,000 made 6,500 profit. Again, Friday you take the trade, get the momentum, get the drop. Here's the move. So, market closed here. Gap down. On this particular day, the day that I called it the trade was actually down. Actually, this was right before Labor Day. We're remembering this now. The trade was down into the close on this day and then it fell. Plop. Okay. So, my expectation was that I was going to get the momentum to the downside. That's why I did a put. I was right. But I was feeling this was starting to come around here and then we really got the bomb here. Okay. So, I'm, I predicted we drop. I like to do them pretty, pretty much within a week or two. But then, and then we had the bomb from Friday to Monday. Okay. So, there's just huge opportunity when you can see where something's going to go based on the gap and the power of money. Okay. Very, very important. Now, how long will it take you to make money and learn this? It depends on you. I'm here to answer questions for people. My class is two full days on the weekend. You can learn it all on one weekend in the class. You can have questions after it. It might take you a couple of days or a couple of weeks to get the hang of it. I don't know. It depends on where you come from and if you listen to the things that I discuss. You know, I think a lot of people are what's the word? Like they're more inclined, I guess, to continue to repeat the same mistakes over and over of patterns. People are stuck on patterns a lot. Meaning patterns of behavior, not patterns in a chart, but patterns of behavior where they will repeat patterns of behavior, even if it means that they're losing money. I don't know why people do that. But if this sounds like you, you have to stop doing that. And it's really not something that has to take you a long time to do. You can do my class in a weekend and learn it in two days. And then you can start listening and getting the calls and doing it and making money. But I think people have a hard time giving up on patterns of behavior. And again, that's something that you have to let go of if you notice you're doing this. At the beginning I talked about where you are for 2021. If you're losing money and whatever you're doing this year, you should stop doing it. It doesn't make any sense to continue trading if you're losing money. I don't know why people do that, but God knows people do. People are down money in that stock and GME. They're still in it. They're long. They swear up and down and it's going to go back to the highs. Who knows if it will? Maybe it will. Maybe it won't. Low odds that it will at this point. So the reality is people just sometimes get so stubborn and stuck on things, you've got to change what you're doing if you're not making money. You really really have to. Trading should not be based on gambling. It should be based on a specific system and a specific strategy that you do and you follow, follow, follow. So again, how do I find gaps? I get up in the morning using a checklist. I scan for them. I make a small watch list and then I pick the good ones that I want to do. The checklist helps keep me regimented and disciplined and focused. And then I'm all over the place. Okay, sometimes people have the news on. They have CNBC on Fox Business and they're like, oh, this thing, that thing, whatever. You know, if you're making decisions based on not really one reason or system, again, I use technical analysis. Technical analysis and the gap, then you're going to be all over the place with your results and all over the place with your trades. Okay, and that's tough on you financially and it's also tough on you emotionally and mentally because, again, you never get the confidence and the conviction because you never have the right focus and the information and the knowledge is what's going to help you make the money. So how do I, how am I able to predict something like Facebook? Because I've got the proper knowledge. It's not luck. It's not luck. Okay. And I was getting back to institutional money, which is the crux and the meat and potatoes of what I do, looking for that in the gap. There is only one thing and one thing only that can move the direction of a stock or the market and it's money. Not a little bit of money, but a lot of money. Okay, we're talking about hundreds of thousands of millions of shares. Again, I call it power money. Power money is in charge, even if you think it's not, it is. Power money is in charge of the stock's direction. Trends are set and move by the power money people, of which there's a lot of in the market. And you know what? This is true for many, many things that go on in the world as well. The power money people are in control, even if you think they're not. They are. You know, we saw that with what happened with COVID. Look at the companies that benefited from in 2020 from COVID. Seriously. Look at some of the stocks that skyrocketed. Look at some of the companies that had massive, massive gains in a year when we weren't such a downturn in the shutdown. So gaps happen in the market on a regular basis. However, some gaps are better than others. Some gaps are nothing gaps. There's no play in them. And some gaps are very powerful displays of institutional money. Understanding which gaps are meaningful and which gaps are not meaningful in the market will help you to know what to do and when a change is occurring. That is how you know when the power of money will flow to pay you. So just think about it intellectually. Like this makes sense. If you're with the power of money, if you're in the same direction as a hedge fund that just took a 100,000 share position in a stock, again, it could be long. It could be short. It could be really easy for you to make money because they're going to move the stock. Just think about it. Okay. So the rating system I do, the system I use is a 26 point rating system. This pin points the direction of power of money by reading the price. Again, I am predicting this before the open. I'm not predicting the gap itself. Like I said cost goes out Thursday night. I don't know what it does. But after it gaps on Thursday night, I will rate that gap and then I will determine if it's going to move up or if it's going to move down. Okay. But having conviction in a system is essential, essential for you to trade and make money. I had a lot of conviction in the market. In fact when I called the short in the market on Monday, I said, no matter what, we're going to drop today. I said, I don't know exactly what time. I'm not sure exactly. I can't say exactly what time we're going to drop. But I said, we are going to drop today 100% conviction, a 1000% conviction and that is exactly what we did. So we open, rallying. Some people went long here. They got stopped down. We dropped and broke and we did break pretty early to be honest with you. I wasn't sure what time happened, but it was, oh, here it is. Here I have the one minute. So here's what we did. This is a one minute chart. Here was Friday closed here, gap down, rallying. People went long in here. They went long. We did not. We waited, waited, waited, then we shorted. Push back, hell, dropped. Got the drop, drop, drop, drop, drop. This pretty much sold off. Beautiful move. And again, you could have got out in the morning but I held it because I really like this to continue falling. I held this down on the day. This is an advanced trader risk of $2600 per risk because we have to stop in. I'll show you a beginner trader risk in a minute with less quantity share size. This was a day trade on margin. Entry 368. Again, 2000 shares, risk was 2600, exit 361 to 15, beautiful exit $13,000. This is a day trade. You would have needed margin to do this as an equity trade. If you do not have the buying power to take 2,000 shares of the cues, you could have done a smaller amount. You could have done 500 shares here. Risk was 650 and you still could have made $3,250. It was a huge call and a huge trade. That's a great trade. Now again, you could have taken less than this. You could have taken 200 shares. You could have taken 100 shares. We had a perfect, perfect, perfect entry on this and it dropped like a brick. We almost had a high day entry on this. Short. While people were long, I'm going to go back. Where people were long at active traders, not institutional traders, we were short. This is the difference between being an expert in something and being really good and focused on one thing or not. Again, what if this trade had lost? $650 or $2,000 or whatever you would rest as far as the quantity of share size? It would just have been one loss. But if you're focused on it and you know what to do, you can make thousands of dollars even with a couple hundred shares. And here's the daily again. Go back. I also called two puts in this too, but different strikes, but I just have the day trade in here to review. Doing options is a cheaper way. And if you don't have a margin account, okay? Anyways, how did I figure out the cues we're going to fall? I rated the gap in the morning using a 26 point checklist. That's what you learned from me. That's how I have the conviction to make money and you'll get conviction too. If you want to trade effectively and be consistent and make money, you cannot go with the crowd of day traders. Reddit's been around for years, but for some reason this year, Reddit's exploded with day trading chat rooms since the start of the year and I discussed GME earlier. A lot of people in those chat rooms are getting ideas from complete strangers. I don't know what they're doing. They have no meaning, no system, no strategy, no nothing and they're risking their own hard-earned money to getting ideas. It's really not an advantageous or intelligent thing to do. Taking ideas from strangers based on nothing at all is not going to make you money. While you might get one in a blue moon where you get in a stock like GME and happening it in it before it explodes, that is very, very, very, very low odds that you would do that and way more people lost money in that if you look at the chart than ever made money in it and people are still long at now, like I said and they're down. So you can't go with the crowd. Why? Because most day traders lose. I hate to say it, but that's the reality. Most retail traders, day traders, swing traders and options traders lose in the market. Why? They're not focused and they're not good at what they do and they want to just make a quick buck and they don't want to put the time and energy and effort into learning what to do. They don't want to put the time and money into understanding and educating themselves and get it good at something. When I started trading, I thought I was going to figure out how to do this really quick by myself in three to six months. I was wrong. It took me three years to figure out my system. It was a very long road. I'm glad that I did it and I would never want to repeat that time in my life again, but I even underestimated how long it was going to take to figure this out and so your benefit is you come to me and pay me for my time and information to learn my system in a weekend. But you may have a learning curve after that where you're learning stuff, but if you're taking the calls in the training room and getting the newsletters, it should help you to make money as you go along as you learn it for yourself. There's no substitute for you learning what to do and there's no substitute for you having conviction. Most people lose. It's the way the game is set up. It's like a pyramid. Here's the pyramid. Okay. With the rich people at the top, the smart people at the top and the dummies at the bottom and the poor people at the bottom. That's where it is. So decide where you want to be. You may not be at the top. You may not be a billionaire, but as closer to the top that you can get is the better off you're going to be. So you have to think intelligently and you have to think intellectually. I'm trying to explain a little bit about this today. What I'm saying here, but think about what I'm saying. We did Boeing short. Love to short. Start close here. Gap down. Boom. This was right after the Labor Day weekend. We shorted this. Here's the drop. Okay. Boeing's been falling for a while. This was a day trade. This is a little pricey too. You could have done this as an option. We shorted it to $2,500. $1,300 shares is a risk of $2,795. Exit boom. $2,300, $2,362. This was a trade in and out. This continued to fall though, I will say. The profit was $2,444. This is a day trade. A trade on margin. You could have done an option in this. This was a gap down in Boeing that fell. Here is the one minute again. I'm taking the entries. The minutia on the one minute chart and I'm looking for it, predicting the gap on the daily. Okay. So I break it down. So again, I could be an active trader in and out nimbly with targets and moves. Here's the close of the previous day. Here's the gap down. Open had a weird bar here and then it broke. This was September 7th. You could have done this as an option. Again, a much cheaper way to do it than an equity trade. Okay. But you can open up a prop account. This is a little $2,500 and get 10 to 1 margin in a retail account. So you can do both. Whatever works for you. Some people don't like options. I like to do both, but I like to do options to hold for bigger moves and I like to do equity trades because I want to get out fast and nimbly. So either way, it's the whole system that I'm doing where I'm doing my gaps. So either way, my edge is I'm looking at the gap and I'm predicting before Boeing even drops like a brick or the market or anything that it's going to go down before I short it or someone's going to go up before I go along it. So it's the edge for me is I'm making the prediction. Okay. That's the whole point. You can do options. You can do day trades. You can do swing trades. But again, someone mentioned swing trades earlier. I think the difficulty for people with swing trades is they have no exit strategy. They don't have any exit to get out when they're down and they have no exit to get out when they're up. And so it's how do you make money then? You know what I mean? So you can use my system, the Golden Gap system, to do options and day trade. Here was BYND. This was a good one. Close to your gap down. This was September 3rd. Again, another short. Another gap down. Again, this is a nice stock to trade. Beautiful stock to trade. Now this was a little more complex of a trade. I have this in here. I'm just going to briefly go over this. We didn't add in this. I really thought this was going to fall. So this is an advanced concept, but we shorted it at 115. I added close to the price. Okay. Then I added again. Again, you see the price here. 60, 65, 63. I kept adding in it to kind of get more in to the trade to get more size in it. My average price ended up being 1586. Okay. And then we got a very nice drop here of $2. 10,000 shares. Now again, you don't have to take 10,000 shares. You would have needed the buying power to do it, but this is a way to come when you really, really, really, really, really love something and you like know that it's going to drop. Or you have the market with you. Okay. Which was the case with a lot of things on Monday. Then you can do an ad. This is an advanced concept. It's kind of like doing two trades in one or three trades in one where you're taking the size. Again, this is an equity trade. You have to have margin to do this or you could have done an option. Here was the third close to your gap down, fell like a brick rallied. Get the drop. Boom. This is a 15 minute. That's an advanced concept. I will call trades like that in the room. But again, that's a way to just squeeze out a little bit more profit from something when you know that it's going to go to a certain number. I felt like 114 was very realistic for this to go to. This continued a little bit more past that, but I really felt a high level of confidence in that number. And then we got the pushback here. And then we did the ads and then it dropped. Broke the low. Boom. Again, here was the previous area right in the morning at 114. So I felt like that was, you know, really 100% realistic that it would get there again on the day, which it did. Okay. Oh, here's the one minute. Here. Here's one minute. Anyways, if you want to trade for a living, you have to have a good strategy. You have to have good money management. And I do think it's important to have a good mentor to follow because it makes it easier. You have somebody to ask questions to. I didn't have that. Again, I created my own system. I think it would have been easier for me if I did have someone to go to for help or questions. For me, the time of the day is very important specifically the morning. That's what I focus on. I live in Manhattan. I live in New York and still here through all this mess in COVID. It's so interesting in New York City is still like COVID March 2020. It's insane what they're doing to New York. They're just the leaders of New York destroying the city. It's a shame. I've left New York City to go to other places just for visits and things. Just recently, like I said, I was out of town last week or COVID doesn't exist. It's nice. But I'm trying to stick it out. I love New York City. But I tell you, if I had to go anywhere and deal with all the crap that's going on in New York and work in an office, it would be miserable. So, I mean, depending where you live, depending what's going on with the rules and the structure where you live right now in the country or even if you're in a different country of the United States, you know, Australia's having a difficult time right now. It's so convenient to make money from home. It's so convenient to work from home. A lot of people's schedules have changed now and people do have more time to work from home and trade. And they're working from home with a regular job. You can trade on the side. Like I said, you just have to have that period between 9.30 and 10 a.m. in the morning to be free. So, my class is called the Golden Gap course. It's a strategy on gaps. You will learn it. You will learn the 26 points, the entries, the targets. And what am I looking for? I'm looking for every single day a good gap that rates 20 points or more per my 26-point system. I trade it in the morning early and I try to get in and out fast to the day trains and I'm holding the options for a little bit more of a bigger move. I'm looking for a high probability of directional bias for the entire day, preferably. Big move, early confirmation of the bias between 9.30 and 10 a.m. I think that's important and precise entries. You saw them in the one-minute chart with follow-through and a good risk to reward because you need that risk to reward. Like I said, you have to have the winners pay you and then the winners cover the trades that don't work, okay? So, I'm looking to make one-to-one. I do get trades sometimes, though, that make very high return in investments. It depends. It depends on the good ones. But on any given normal day, I'm just looking for one-to-one when I'm getting in. In other words, if you risk $500, you're looking to make $500 should be your expectation. If you're risking $1,000, your expectation be $1,000. While you can risk $1,000 and make $3,000 or more some trades, your expectation, your normal expectation in any given trade or day should be one-to-one. So, if you come to me, you will learn the 26 points. That's the whole day Saturday of my class. Then on Sunday, I teach six entries, which I do. You have to know them all and exits. I run a lot of trading from Monday through Friday, usually up between 10.15, 10.30, and we open at 8.30, but I don't start talking until 9. If you want a trading room trial, just for this week Thursday and Friday, you can email me at MelissaBestockSwitch.com if you want a free trial. You can come into the room and observe. I do call the trades live, the entry, the stop, the exit, all of it. The trades set up fast, we do them. The options are separate. The options are a newsletter. That's a newsletter subscription. It is not an options room. It is a day trade room. But there are people that are doing options in the room because they don't want to do the trades on margin. The course teaches price analysis and technical analysis on a very advanced level. It is important in days like Monday. There were traders, like I said, that went long on Monday. It was the wrong thing to do. We had a huge day, but if you went long, you didn't have a good day. Again, I'm going to be watching what happens here in about 13 minutes, 15 minutes here with the Fed meeting as far as the market direction. My system teaches one solid strategy to trade gaps effectively by reading the side of power in charts. It teaches how to read support or resistance to take positions in the right direction. You won't make money if you're in the wrong direction. That's for sure. It teaches a more proficient and advanced way to read charts, focusing on technical analysis and gaps. That is what I'm an expert on. That's all that I do with scabs. And I teach you how to get conviction in your trading in the market as a source of wealth by trading with the side of power for consistent profit. While trading is fun and I love reading charts, I like making money more than anything. And I think that's another benefit of trading with me. I'm extremely focused on making money. So chunking it out means what? Chunk it, chunk it, chunk it. Again, some trades are nice big trades, but ultimately you're just looking to take, chunk it out on each and every day from the market, 200, 300, 500, 1000, whatever it is. That's how you take a small account and you build it up. And then you build your account up and you can take more risk over time. It's not about risking the farm or putting all your eggs in one basket in your whole account in one trade. You still have to size yourself accordingly. It's just the focus of one specific trade at a time. One specific direction at a time. One specific stop at a time. Okay? This allows you to get good at what you're doing. Trade with a lot less stress. Have 100% conviction in what you're doing and really be focused. So I think that the benefit of trading in today's day and age is definitely working from home, but you must empower yourself to do it. Not get, you know, ideas from chat rooms and free webinars like this. I mean, you could short Facebook here from my idea this morning, but ultimately I just wanted to show you how I call the trade today that's working. You really have to understand what to do and if you want the trial you can come in, but I would watch and observe Thursday and Friday, even though I'm sure we'll have some nice calls. The last I'm doing is this weekend. Now I only have a few more spots left. The deadline is Friday for this weekend's class. But I'm doing a special. If you can't make this weekend's class, you can sign up by Friday paying by Friday and do the class in October. The special I'm doing is if you sign up and take the Golden Gap course you will receive the trading room and options newsletter free for one year. This is a huge deal because I normally charge for the trading room and the options newsletter separately. The special ends Friday. So you can sign up as long as you pay by Friday. You can do the class this weekend, September 25th and 26th or October 9th and 10th, 9 a.m. to 5 p.m. eastern time. You want to do the October class, you can get in, you can start trading in the room and start doing the options newsletter and then do the class in October in two weeks. This is a really nice deal because you're going to get all my train calls for one solid year. And obviously you follow along, and you should do well. You can ask me questions afterwards. I allow people to call me on the phone and email me. I'm a busy person but I try to help people and do the best I can to help people and give them personalized service. I understand that learning sometimes as a learning curve depends on your background. The class itself is a full two day course and how to strategically find pick and play stocks that are professional bearish gaps. Classes online can be anywhere in the world and take it. And again, for this week, Thursday and Friday is left for the week. You can email me at Melissa at thestockswish.com. Any last minute questions here? I think I'm done a little bit early. A few minutes for questions. Done in time here to see the Fed movement. Any questions from anyone at all? Ajax, you were asking a bunch of questions. ITM options? I don't understand what ITM stands for. What does ITM stand for? I have no idea what that acronym means. In the money, what's your question? Asking me where I call the options trains? It depends. It depends. If I'm not going to call the 360 Facebooks today at the stocks opening at 345, if that's what you mean by in the money, that doesn't make any sense. Sometimes I call them at the strike. Sometimes I call them away from the strike. But I'm not going to call something deep in the money if that's what you mean. That really doesn't make any sense because we're trying to get momentum and movement. I don't want to give something if I'm doing a trade on a Monday that expires on a Friday. I'm not doing it $20 or $10 into the money on something like Facebook that just makes no sense. If it's going to go in the right direction, at the strike or far away, why would I pay for somebody to be in the money that deep? That doesn't make any sense. There's no benefit to that. Trading options, the way that I do it, and the Dane trades, and the options, and everything I do is about momentum and making money. This isn't long-term investing. Again, if you're in that mindset of long-term investing, that is not that is not income. That is your planning for retirement. If you're planning for retirement, I'd say you've got some difficult decisions to make right now in the next 6 to 12 months or 24 months based on this market and the rate of inflation we're in and who's in the office in the White House. I mean, do you care about having consistent money coming in or you want to try to predict the next 24 months of where we're going to be in the economy? Because that's super tough to do. I mean, no one could have predicted COVID. That's number one. And number two, and I've said this before, I said this on Fox. I said this on Fox News in July. 50-50 chance we have another shutdown. So don't think we're going to keep running forever and making new highs every second. If you look at the backdrop of where we're at right now, forget about the fall-off and money. Just totally forget that for a second. Pretend that didn't even happen. The backdrop I mean, everything that's happening right now is disastrous. Almost 11 million people on unemployment and we have another number tomorrow. Who knows what that'll be. It's, you know, you just to plan in the future depends on your time horizon and your age and where you're at with retirement. But, you know, I just said to my father a couple of weeks ago I, you know, he actually asked me for advice. He's in his 70s. You know, he said I'm thinking about selling out of my some of my things. I said, you know what? Let me look at it. I'll get back to you. And I said, yes. Because, and then we fell. So I'm glad I told him to do it and listen to me. You know, it depends where you're at how close you are to retirement. But we're making money. We're active. We are taking profits week by week by week. Long term, you know, it depends how far you are from retirement. But I mean, you're in a tough spot right now. If you don't have a long way to go, like if you're not someone young like me, I mean, because where the economy is in the toilet as far as I'm concerned and you know, anything can happen in the next two years. Don't think interest rates aren't going to keep going up and they could. And this, this housing bubble is a, is a danger too because it's not going to last forever. So that's been two cents on that. Listen, if you're having me anybody, everybody, email me at most of the Shockswish.com if you want to try this week, if you have questions about the class, if you want to sign up for this special. Thank you for having me, David.