 put it in the room and I will answer them as we go along here today. Let me know if everybody can see the screen. Let me know. So people come late. I'll let them in. We're going to get started here. I want to get started close to on time. So now we're going to talk about trading for a living. We're going to talk about trading. We're going to talk about shorting. We're going to talk about trading gaps. And of course for those of you that know me, I love to short. Okay. So it's a very interesting market right now because it's earning season. And earning season is one of these times where it's a plethora of gaps, where there's so many things that gap. And again, for those of you that don't know what I do, I trade only gaps. I do will go long, but I also prefer to short. If you have any questions, you can email me at MelissaBestackSwitch.com. You can always call me at 929-3200 Gap. You can also go to my website if you're interested at www.thestackswitch.com for more information. You can also see me on television. I appear on TV talking about the economy, talking about the stock market. So let's get started. Shrating is a great job. It's a great job. Why? Because you can make an unlimited amount of income and you have lots of freedom, whatever my freedom. I mean, if you want to take a day off, you can take a day off. You also don't have to work weekends. The stock market, the US stock market is only open from 9.30 to 4. And I trade and focus in the morning. So while I may be in options trades during the day, I'm not sitting staring at my screen all day long every day from 9.30 to 4. So if you have another job and you want to trade on the side, okay, then you can do this. And you could put in a limit order to exit your options. For example, if you're already in a trade. And if you don't want to miss it, you could set it out of stock in order to sell you out of it at 50% or 100%. Or you come back and check it out at lunch. So you don't have to sit and stare at your screen all day, even if you're in a trade, like an options trade. And that's great. Hi, Ziya. How are you doing? Everybody else, if you need to chat, you go down to two individual users and you can chat in the box. Okay. And again, if anybody's having trouble with that, then you can email me. I'm the only one that can see all the chats. But that's how you will ask questions as we're going along today. So anyways, getting back to what I was saying, it's a great job for lots of reasons. It's the freedom and it's the unlimited income potential as well. And also when you're trading, while it's fun to press the buttons, and I know that, it's only fun when you're making money. If you're losing, if you've been trading for umpteen years and you're losing, that's not fun. Making money is fun. And one of the reasons I think it's a benefit to trade with me, be in my group, trade with me in the live room every day is because I'm extremely focused on making money. Extremely. Okay. That is a huge motivation for me. It's always been a motivation for me actually. So if money is something that motivates you, then you might want to consider trading. Okay. And particularly one of the things that I'd like to do is options is you can make an extraordinary money with options when you hold overnight in something, if it really, really goes in your favor and continues. And we are going to talk about options today as well. Hi, Trond. I see you there. Long time to hear from you. A couple new people here today, a couple old timers here today. Again, if you have questions, you just plop it in the room. But getting back to what I was saying, you're here for the point of making money. But I get this all the time. I don't know if I can do this. I don't know if this is for me. I don't know if I've got what it takes. The fact is you can be successful trading. And this is a clip of Jackie. You can go to my YouTube channel, the stock swish on YouTube. Natalie, do I have tons of videos about the stock market, the trading room? I also have videos of people that are students of mine. Jackie's a great example and a great success story because she came to me with no knowledge about trading whatsoever at all. And I taught her how to do it. She took the Golden Gap course. She didn't know what she was doing. She never traded. She was working two jobs, two part-time jobs as a nurse. She started doing it. She was doing it slowly. Then she quit her one part-time job. Then she eventually quit her second part-time job. And now she's doing nothing but trading every day. So she's a great success story because she's somebody that started totally from the beginning, not having any information at all, and then having two jobs and then progressing into being what is a full-time trader, even though she trades in the room with me in the morning. She doesn't work six and a half hours a day. Ryan has a question here. Hello, Melissa. How long are you in any trades? What would it be for less than 60 minutes and more than one day? If there's two types of trades that I do, which we're going to talk about today, Ryan, I do day trades, which are trades that you would take the trade on margin. Okay, you would have to have a margin account. Those trades I'm in and out of the same day, sometimes in minutes, very, very quickly. Then I also do options trades. Sometimes I get out of an option the same day, but I do the weekly options. So sometimes I may hold an option overnight or a couple of days. So it depends if I'm doing what I'm doing. The trading room is day trades where I'm calling the trades live. If you want to take them with me on margin, you have to have a margin account. The live room is not an options room. The options newsletter I have, which we will talk about some that we did in here, is a newsletter that gets emailed to you in live time. So whether you want to, if you want a day trade, you're doing the fast trades with me in the room. You got to be there to get the trades. If you want to trade options, you sign up for the newsletter. You get the trades to your email. That's not a room. That's a newsletter subscription, Ryan. Let me know if that answers your question. Okay. So the fact is that you can be successful doing it. And the other fact is that most people find success elusive. It escapes them constantly, year over year, week over week. Why? Because they're gambling or gambling at the very time when they should be risking more, they don't risk enough. At the very time where they should be backing off, they take too much risk. People are constantly gambling and blowing up their accounts. I hear all of these stories all the time, all the time. I hear constant stories and I get it. But the fact is that you can't gamble. Trading isn't gambling. You should have a set strategy and a reason for taking the trade. And if you don't know why you're taking a trade, then you probably shouldn't be doing it. Actually, you shouldn't be doing it. You shouldn't be doing it at all. So the fact is you need a system to make money. You absolutely have to have a system to make money. Otherwise, you're not going to be successful. Anybody, anybody, anybody in the street could take a trade and make money some of the time. It's the consistency, the consistency that many people lack. And it's because they don't have a system. Or if they have a system, it's not a good system. So this is the stats. Actually, for the year of the day trading room, this is only through the prior week. I didn't update this through today. Today, we shorted BA in the room. Actually, Friday, we shorted BA. So I don't have the last couple of days in here, but this is 450,001 update up through this point in time. 10-4, this was the day trades. Most of these trades are short. I prefer to short. Sometimes I'll go long, but I prefer to short. Why do I prefer to short? Because the short trades go quick and fast. And we're going to talk about that today too. I also have the options newsletter, results here today in here. Again, I don't have the last two weeks in here, but this is through the end of September. So let's talk about what is my system? I trade gaps. I trade gas made with institutional money. So if you want to trade for a living, my whole point of today's lecture is guess what? You need a system. Because if you don't have a system that works consistently in any market, you're not going to make money. And you certainly have to be consistent if this is something that you're going to do where you don't have a regular job. If you're going to pay yourself out of your trading account, whether it's once a month or once a week or once every two weeks, like if you had a bi-weekly paycheck, you have to know that you're going to make XYZ a minimum of that every two weeks. Again, some weeks I have bigger weeks than others. Some trades are bigger than others. Some months are bigger than others, but I always know I'm going to make a minimum of this amount. And then there are some weeks that I have really big weeks or there's some trades that have really big trades. And again, that's not always pre-planned. I don't know always until I get the trade and I see the gap and I see it and I take it that I see it's going to go to a bigger target. I don't have today's trade in here, but we shorted BA. So you can look up the chart yourself. We shorted BA on Friday. We shorted BA today. It worked. So again, we got in and out. Again, I prefer to short. So I'm always looking for the shorts first. If I don't find a good short, then I will look for a long. But I'm telling you, this is a great time to learn how to short. And again, so many people don't know how to short or they don't understand how to short or they're not good at shorting. Okay. Now let's talk about some options here. Someone's asked about this earlier. A put is a short, basically. So basically, if you buy a put, so I'll buy a put and then I'll sell it. That's a short, but you're doing it as an option. So you don't need a margin account if you want to buy a put. You could actually buy a put, okay, with a cash account. If it's set up an options account as a cash account, you don't need a margin account to do that. So this is advantageous for people that have a small account, small meaning under $25,000. Okay. So they don't have the type of account to have margin requirements. So again, we shorted the market here. This was back 9.13. We did the QQQ 372 puts. Now if you sign up for the newsletter, you'll get this trade in live time. I sent this at 9.15, 10.15 in the morning. Usually I send my trades again early in the morning. I'm usually entering my trades in the morning, whether there are options or day trades. Sometimes I will do afternoon options, but most of the time I am doing the trades that are early. Sometimes I'll even call the options in the pre-market. So I called this on 9.13 here. Here's the drop. Now what happened with this one? It backed up. So the trade, I called the trade, I called the 372s, then it backed up and the trade was down. Then it fell off the cliff. Came all the way down in here, not quite. $20 to the strike, 15 plus. So again, what is a gap? A gap is a difference between the close and the open. So let's just take a look at this. This is the QQQs. They closed the Q, the Qs closed at one price here at four o'clock Eastern time and opened at a different price here. The next day at 9.30, showed this is a gap. This is a gap down. Now we were ready in this, but I'm showing you an example here with this big sell-off bar here and then the continuation of the gap down here on this day where I exited the trade. This is all the profit and all the money that you want to get. And again, this is how you can have this nice follow-through and it's really momentum. So whether I do options or whether I do day trades, every single thing I do is based on what? It's based on momentum. That's the key for me getting the consistency. So I'm looking for institutional money to see if they're buying or selling. If I can get on the right side of what they're doing, I'm going to have a big move. I'm going to have momentum. It's going to come in. Now sometimes I do a trade and it doesn't happen the day that I call it. This trade was a good example. It took a couple of days to go. But again, I call this on a Wednesday for the following Friday, which was the 22nd. This was a good trade. So we're going to go over two different risks here. Advanced trader risk and beginner risk. Cost was 350. Could have paid a little bit less. Might have paid a little bit more. Again, it bounced up the second day. You could have paid a lot less. Okay, I did this trade. The trade was down before it went. 25 contracts risk was 87.50, sold at 13.50, beautiful. This continued actually the very last day. Profit was 25,000, which was 286% return on investment, which was taking it on the day that I called it on the 13th and getting out of the 21st, which would have been the day before, the day before the expiration. Then you could have done a beginner risk, 350, sold at 13.50 profit was 3000, return on investment was 286%. Again, let's just say you took one contract. Let's just say you bought one and spent $350. You would have made a thousand bucks. That's a good trade. Now you would have had to be in it Wednesday, Thursday, Friday, Monday, Tuesday, Wednesday, Thursday. You would have had to be in this trade for seven days to make $1,000 on one. Where else are you going to do that? Where else are you going to deposit $350 into a savings account or a checking account or anywhere right now and be able to take out $1,000 in seven days? Nowhere. Not even a current interest rates of 4.5%, like some of the places are paying. Again, the idea of trading is to be able to take the money that you have and grow it as quickly as you can. I say chunking it out. The idea of chunking it, you chunk it, chunk it, chunk it is that you're booking money from the profits that you're taking in the trades all along the way. Now, and again, I didn't show this example because I didn't get out, but you could have done like four, got out of two, held two. It was another idea. Again, any questions? Let me know as we're going along. Okay. Now, if you decide to come and learn from me, I have one focus. It's gaps. Gaps based on momentum. Again, I was very, very focused today. What did I do BA? That's it. Boom. Done. That's all I did today. Got it and got out. So again, all you need is one good trade today. Actually, if you want to make money. We also did the, on the 18th, I did the QQQ puts again, what is a put? A put is a short. A put is a short. Again, you don't need a margin account. You can open up an options account with $2,000. You're not risking a thousand bucks though. Okay. I did call this trade late. I thought we continue. Let's look at what happened here on the 18th. So here is the day. So here's the market closed here, gap down, rally, call this trade late in the day, fell into the following day. You actually could have got out of this here. I did not wait in. Gapped up, fell off a cliff close to your gap down. Boom. Again, this is the day that you want to get the money or this would have, you could have exited here. Actually, this was a great trade here. As you can see, this closed down here broke 365. Okay. And remember the strikes 370. So sometimes I'm calling things at the strikes or at the money. Sometimes I'm calling things away from the strike. In this case here, it was close. Okay. But that fell and collapsed. Again, the day of the 21st, it was down through 350, a 357 and shame. So again, one of the things with options is that people find so tricky is they lose time value. They're so obsessed with time value because it, because it, because the momentum never comes in because they, they're waiting for something to happen and they never actually get any big moves. You've got to get moves like this. I call it a flush. Boom. It's a sell-off. Again, if we were going long, we would have done calls. A call is a long an option. This is another really great trade. Cost was $2.60. Number of contracts was 35. Risk in this is an advanced trader risk of 9100. Again, you could have done one contract for $260. And if someone can't risk $260, they should not be trading. That's, you could do one contract. Sold 1150. Again, it's continued the last day profit, 31,150 return and investment was 342%. Another beautiful, beautiful, beautiful trade in the market. Again, we've been doing puts. Okay. I didn't do any, any options today. We just shorted the BA and the day trade. But in general, this has been such a great environment for many, many reasons to get these types of pushes and these types of sell-off moves. Again, a beginner risk for contracts with an average risk of 1,040, sold 1150. You could have made $3,560 return and investment 342%. Again, where are you going to be able to take a trade, get in and get out in several days and make this kind of money? And you could risk more than I'm even showing here for the advanced trader risk. I'm just showing you what I'm risking. Again, this is taking it here. One, two, three, four, four days to get the drop. But you actually could have got out in day three. You could have got out in day two. Actually, you could have got out here with money. You could have got out here with money. You could have got out here with money. So this backed up slightly and then boom, boom, boom, boom. See that? And again, any questions? But the type of trade I do, whether I do an option, whether I do a day trade, it's the same philosophy. It's the same construction where I'm looking for a gap that rates per my 26 point system, 20 points or more. If I see it, I can do it however I want to do it. I can do it. I can do it whatever I want to do. So I didn't call any new options today. I was already in the BA puts, and it fell further today. I didn't need to do anything else. I was already in it. Okay? And again, that's the genius is my system is that it can see that something's going to go and see that something's going to follow through. So again, getting back to what I was saying, anyone can do this. You can trade with a big account or a small account. So what do people think they need so much money in order to trade? They need this much money and this much money and this much money. At the end of the day, you're going to be fine. Okay? If you can just learn what to do and have a positive attitude and move forward and I'll help you and I'll teach you because you're going to need a positive attitude. Some trades you take are going to lose. And I think a lot of people, unfortunately, when they've been doing this for a long, long time, they get all into that negative Nellie business. That's not going to help you. You have to think positive. Again, Jackie is a great example, simply because of the fact that she didn't have any experience whatsoever at all at trading and then came and started to do it and started to do well, you know. And so again, you can take a small account and build up a big account trades like I'm showing you here really help. Is there high volatility in the market these days? Help getting bigger trades? Honestly, I think this whole year, in my opinion, has been volatile, to be honest with you. I don't think, I think, I think that this has been a very interesting year. I shouldn't say that. It might have started off quiet. I'm talking about the beginning of 2023, maybe into the beginning of the spring. But I honestly think all the summer and even now, I think the volatility has been way up. So do I think it's just because of what's happening in the Middle East? No. Has I added to it? Yes. I think the last four or five, six months, things have been volatile, to be honest with you, Tron. So I mean, I'm just showing you September here. We had some huge trades in August. So this, you know, way before all the war talks started, you know, that's my two cents about that. But we're earning season started last week. So we're focused more so on earnings trades. Today there was, I did watch one earnings today with Schwab. It didn't set up right and I didn't do it. I didn't do it. So kind of interesting, yes, earnings season has started, but I didn't do an earnings trade today. But I will be focused on earnings pretty much for the next two months, all of October and November, because it's earnings season running up into the holidays. So we have that. And then we have the backdrop, obviously, of what's happening in the overall market with the Middle East crisis. But rates have been on top this year. So I think volatility has been around all year. We had, we had banks collapse in the spring. Whenever that started, we haven't had, we've had constant volatility since then, which is basically around March. So again, quiet start to the year, but pretty much then since March and the bank collapse, I think we've had a lot of volatility this year in 2023 or more than, more than people fought, you know, getting back to what I was saying though, in order to become successful and you need a system and you need a niche. And that's one thing I have. One, I have the fast rates. Two, my niche is shorting. Three, I focus on the gaps. Okay. So all of that combined really helps me, you know, stay ahead, stay on top of what's happening and sometimes being trades that are down before they go positive and then they're huge. Again, whenever you're taking risk, you're trying to assess how much money you want to risk in a trade. Guess what? Don't risk more than you can afford to lose. So again, people ask me, do I use stops? Yes, I use stops in my day trades. It's a limit order. It's a hard stop. I call it a hard stop. I put a stop and I might say the stop's 2550. So that means if it goes over 2550 and I'm short, if I'm in something that I'll get stopped out, I'll lose. And an option, my stop is my risk. So if I'm risking $8,000, I can't lose any more than $8,000. If I'm risking $100, I can't lose more than $100. So the stop basically is my insurance. You want to put it that way, then I'm not going to lose any more. And it's not the same when people do swing trades, you know, when people do swing trades and they're in an overnight and it's not an option. Okay. It's that they actually buy the shares, they can get hurt because they really essentially have unlimited risk. So even if you do an option, even if you don't get the timing right, maybe you're right in the direction, maybe you're early on the timing or something or late, you still only have a fixed risk with it. Whereas with swing trades, and you could do the trade again with swing trades, you have unlimited risk. That's the problem. But you can make money in the market. It's just there, there's so many people, so many people constantly that are wanting to come and wanting to trade and wanting to actually participate. But you know, it's like the Wall Street movie there. It's a zero sum game. You're just, you're not going to have every single person out there that wins ever. You're always going to have more people that lose and win. That's the way it's set up. That's just the way it's set up. Okay. And it's just the, once you understand that and can grasp your head around it, there's nothing to be upset about. You don't have to be depressed. You could say, okay, wait a minute, wait a minute, wait a minute. This is exciting now. I actually couldn't be one of those very few people that actually is hugely successful and is one of the winners because I'm going to do something different. And then you risk more over time and you get good at it. But anyway, it's getting back to all I was saying, I do gap. So what is a gap? A gap is the difference between the close and the open. Almost every day of the market gaps, to be honest with you, but not every day is the market a gap that I would play. We didn't do the market today. So here again was a day where the market closed at four o'clock and open lower at 930 and fell. So this was a bearish gap. There are also bullish gaps. Here was a bullish gap in the market. This is a daily chart of the spy market closed here, gapped up, rallied. So again, this is a bullish gap. This was a bearish gap. And again, I prefer to short. Okay. So there's gaps all the time to do. There's hardly ever any days where there's nothing to do. Sometimes around the holidays or a slow day, something like that, you might have something where you don't have anything to do. But for the most part, there is lots and lots and lots of gaps to do. So here's another one, Oracle. Stock closed here, gap down, open, fell. So Oracle had earnings, okay, closed up here the night before around 127 and change. Gapped down here in the morning around a 112 and change fell. So Oracle was a gap down and I called puts. So you would have bought the put and sold the put and made money. Okay. And again, this, the momentum in this, this was September 12th. The momentum here is what? It's selling its pressure. Who's in control? The bears. Okay. Again, I'm always looking for who's in control. Sometimes you have a gap down and the control is not on the side of the bears. It pushes up. It rallies. Okay. And you don't want to be short. So you can't short every gap down and you can't go along every gap up. You can't short every gap up and you can't go along every gap down. That's another mistake that many people make. It's not that simple. If it was that simple, then everyone would trade gaps and no one would ever lose. It's just not like that. It's, there's an analysis that comes with it. And again, that's what I teach in the class. That's where the, where you have to think about what you're doing. You have to make the choices and the decisions about what you're doing and try to hone it down. Any questions here while I'm going along? But again, we were talking about volatility. Tron was asking about it. Yeah. Volatility is great. Volatility is good. Fast moves are good. I guess what this week, I can tell you right now, this week is going to be another wild week for the market. It's going to be another wild week where stuff's going to happen that you don't expect. There's a lot going on. We also have big earnings out. Goldman Sachs is tomorrow morning. Tesla's this week. And all of these things will affect the market. But anyways, I'm looking for momentum in the gap to make money. And I wanted to go fast, preferably if I can get it fast, because again, fast is good. When you get a fast trade, then you don't have to worry about, you know, somebody talking, somebody giving a press conference, some kind of news coming out, something that could screw up your trade. If you're running out of the trade by 10 a.m. Eastern time, and again, I'm talking about the day trades, well, you don't care what happens at two o'clock in the afternoon. So your trades are not at risk when you're doing those quick day trades. So again, as I was saying, momentum is important because you can get a big move. Because what if you just, again, many people do they say, well, I'm scalping. Scalping? What a waste of time. It would be like, you have to take 5,000 shares of something and you have all this risk and it moves 10 cents, you make $500. That's ridiculous to me. If I'm taking 5,000 shares of something, then I'm trying to make $5,000, not 500. Okay, it's not even worth the risk to take 5,000 shares of the cost of the position. And again, I'm talking about day trade shorting here, you know, and margin. So I'm trying to get a dollar, a dollar or more in something. And it's just very, very easy to me. But many people scalp because they don't have 100% conviction in what they're doing in the direction that they're taking it. So then they quick it out. As soon as they're up, they get out. And people do that in options too, which is such a waste. You know, because again, something like the money that comes into something, you want to get the push, if you're in a short, in a put, you want that. That momentum is what's going to pay you. Again, you're in a put and the stock gaps down. That's what you want to say. That's what's going to pay you. We had that in the market. We had that in BA. BA gap down in Friday morning. I was already in it. I was already in it. Okay. So the key to day trading stock successfully is using the system. You trade a system that sets up daily with a high level of predictability in the direction of move. So the whole point of my system with the 26 points is I want the highest rated gap. So if I get a gap that rates 23 points, I might do a couple of different strikes. I might do a day trade and an option. Okay. I might risk a little bit more. I might hold a little bit more. Or if I'm trying to narrow it down and just do one trade, I have one that rates 21, that rates 23, and I only want to do one. I'm going to rate the higher one. Okay. But again, it's the whole idea of trading a system that works independently of the market where you don't need the market. And I think that's the other thing for people too, for like, oh, the market's rallying. Now what do I do? And that's falling. I don't know what to go along. If you're looking to try to have to figure out the market every day, you're not going to get it right every day. I don't get the market right every day. This market has been whipsawing around. Now we're back in a range. Okay. So I try to look for selective things. BA was a good example. BA was a great example of that actually. But how can it become successful day trading? You need a niche. We started out talking about this. You have to find something that you specialize in. Because that's the only way you're going to get good results. So my method is based on bringing institutional money that moves in gaps. It's based on momentum. But I specifically focus on shorting. And then I read the gap direction. So I'm not predicting the gap itself. Like I'm telling you, Tesla has earnings. It is going to gap. Tomorrow morning, Goldman Sachs will gap. I am not in any Goldman Sachs trades. I'm not in any options at all in that. I don't know what it does. It could gap up and fall. It could gap down and fall. I don't know. It could, you know, could do anything. I'm not predicting the gap itself. I'm waiting. I see the gap. Then I rate it. Okay. Then I rate it using the 26 point checklist. This checklist tells me when to take it, where, when, how I can do it. And again, this is the important piece of it. This is the important part of it. If I see it and I rate it, it rates, like I said, over 20 points and I have a high level of conviction that it's going to work. So if I get up tomorrow and I rate Goldman Sachs and it rates 24 points, I'm going to do it. Whether it's a bullish gap or a bearish gap. Now here was the BA. This isn't the current, the current BA. I don't have in here this, the last couple of days. But again, this is a good example, which just shows you a bearish shell off basically and shows you momentum here. This whole month of September, pretty much BA did nothing but sell off. Now we were in this recently, like I said, Friday and today. But we did this back in here in August. Here was a gap in BA. Close to your gap down fell. So that was a BA we did a while ago. And then we did the recent BA. And then we talked about the spy, which was here that we did. And again, these are all shorts. So how can you make money shorty? You make money shorty when the stock price drops. Who can short anyone? Anyone can short as long as you have an account set up to short. So if you have a cash account set up as an option, you can buy a put. A put is a short. If you have a margin account set up, you should be able to short the stock on margin. Retail traders and professional traders, both short. And so you have to have your account set up to short. And if you do, you should be fine. But the concept of shorting is very, very powerful. Why? Because again, people are scared. The panic comes in. And then what do they do? They sell people panic. Okay, when people panic, they sell their positions. And that's what you're shorting. Okay. And again, we're getting out very, very quickly, very, very fast in the day trades. Okay. And sometimes in the options, like, I, you know, sometimes I will get out of an option the same day. But I'm usually trying to get a big move. If it has a big move the same day, I'll get out of it. Now I'm going to go over one week of results here for the realm. On this Monday, there was no trades Tuesday, 3965 Wednesday, 3200 Thursday, 2550 and Friday, 2250. This isn't, this was not a busy week. This was a kind of a normal week. We didn't have any really huge trades. One day we didn't do anything. And the week results were 11,965. The risk per trade was 2,800 or there are 3,000 thereabouts. Again, this is not an exact science. I try to figure out my risk quick when I'm getting in the trades. And you need to be able to do that too. But you should be able to get close to what you think your risk is. So this was back the last week of August 821. There was no gaps. I rated it. Nothing to rate it per my system. We didn't do anything. Then 822, we did DKS. Here was the gap. Stop closed, your gap down, open, fell. Again, you should need a margin account to do this. Entry was 11595, 1,300 shares, risk was 3,315. This went further. This went bigger. I got out at 11290. You could have held it longer, 3965. You see where this went? So again, sometimes I'll get out in and out quick in the morning just because I want to get out. But it'll keep going. That's up to you. Now, this was the one here that fell. And you just see where this ended up going all the way down. This followed through and continued the second day. Now, I did not do an option at DKS. I'm not even sure what this would have cost, or even if this has an options chain with volume. Typically, I'm doing things with lots of volume when I'm doing options. But if this has an options chain, you could have done an option. If it had volume, if it was worth doing, again, this followed through that day. Then 823, we did Foot Locker. 1525 doesn't seem like a lot to get out of 1485, but it was. Again, huge size. Had the volume, stock closed here, gap down, open, dropped. Foot Locker was earnings. It was the late earnings of the summer on 823. This was a day trade. Again, getting it out. The idea of chunking it out quick and fast in the morning. Here's the one minute chart. So again, I'm calling the trades live in the room. I tell you where to get in. I tell you where I'm getting out and you do it if you want. You do it if you want to do it. Then in 824, we did DLTR. This was crazy where this went. Again, another one I could have held. Stock closed here, gap down, open, fell. Take it over. Came down in here, broke 125. It was crazy. Again, shorting, momentum. This is a beautiful red bar. This is the type of thing you want to be short or do a put or do whatever you want to do. That's pressure. Pressure on the stock, institutional selling that's coming in and they're dumping it. They're dumping their shares. We got in this at 129.90. Shares was 1500. Risk was 3,300. Exit was 128.20. Profit was $2,550. Good trade. Again, here's the one minute, but you could have held this. We got in, got out. I just want to show you where this is. People always say we always get the best exit. No, sometimes I get out and it keeps going. This pretty much was a bleeder. Came all the way down, broke 124. Again, my personality is that I like to get out of day trades quickly. I will tend to hold something if I'm going to hold something, hold an option. So it's just you decide what works for you, what's best with your schedule. But for me, I like to get out of the day trades fast because again, panic comes in quick. The fear creates the selling and then we're shorting. Again, you can short it on Margie. You could do a put, do whatever works. Whatever you can afford. If you can afford to open up a margin account that you open up an options account. All right. And again, if you can only afford one contract, then that is what you're taking. We did the Marvell then at 25. This is a good one too. Stock close here. Gap down. Open dropped. Entry was 54.10. Shares was 2500. Risk was 3000. Exit 53.20. Profit was 2000. 250 dollars. Good trade. Fast trade good enough. If I'm risking 3000, I'm looking to make close to that one of it. 50% is even good. It dropped. Boom. Out. Done. Again, I'm trying to make money as fast as I can. But that actually continued. That actually came down and broke 52. Just want to show you here. I got in, got out fast. Here's where it went. So it actually looks like if you held this all the way down to 11 AM-ish, you could have made more. That was earnings as well. So one week of results. Is every week like this? No. Some weeks we have some losers. Some weeks we have bigger trades in this. Some weeks we have the trade every day. And Monday we did not. So this is pretty much an average week. But everything I do is based on shorting. Shorting gives me an itch. Like I said, we did the VA today. We shorted it. People get scared. They panic. And so we're shorting. And for some reason, again, the reason it gives me such an itch is because so many people don't even short. So many day traders have no idea how to short. They don't understand how to short. They're scared of shorting. Are they short at the wrong place? I mean, they just mess it up. I've made an entire trading career out of shorting. And now I'm teaching people how to do it. But I always like the shorts because I have a type of personality where I like to make money fast. And again, it's the panic that comes in. It's a panic. So that's why things move so fast to the downside. It's like, it's like, if I said, oh, Apple's a good stock, boo, boo, boo, boo, I'm not saying to go long Apple. But if you thought Apple was a good stock, and you might want to go long Apple, you know, again, there's no sense of urgency. There's zero sense of urgency. You can go long Apple tomorrow or in a month from now or maybe in 2024. So it's not like you don't have any money at risk if you're not in the stock. If you're ready in it, it's a different story. Okay. So let's talk some more about options here. We did this one. This was Friday the 15th. We did one a little bit late. It was 11am, 11am, but it was still early enough. This was so, so, so, so cheap. $1.25, 70 contracts, risk was 87.50, sold at 10. This is the biggest trade we had in the last month. And I'm going to show you why in a minute. Profit was $61,250. The timing was right. The cost was cheap. We got the momentum. We were early in the move. And so this was a return investment of 700%. And we're going to look at it here. It was the 442s. So 915 is here. So again, what happened? Stop closed here. Gap down, fell. And here's the whole sell off. Okay. So again, from the time that I called this, this trade was never down. It really didn't need any management at all. Those are the best trades to be in. Because again, you can, you have many, many decisions that you could make. Or if you're, if you're thinking about it, you could get in some, you could split out some, you could take some, you could hold some, you could do whatever you want. You don't have to hold the whole thing. My personality is, if I'm in something at all, then I feel like I have to watch it so I don't break up my positions. But you still could split it up if you want to. But anyways, this was the best trade and the biggest trade we had in the last month. I was early in the trade. The cost was cheap. And then it sold off beautifully. And again, we're talking about momentum. That's this. That's all of this. Now, if you have a smaller size, eight contracts risk $8,000. These are the types of trades that can make your whole month, the whole week, your whole account. Because if you have $1,000 and you're risking to make seven grand, if you have five grand to count and you make seven grand, that's more than doubling your account. So again, one contract would have been $125 risk. It's the same trade. It's the exact same trade. You could have taken four, it was $500. It would have made $3,500. Actually, if you held this the last day, you would have made more. So I mean, it's the 26 points. It's a rating system. That is how I'm making the picks. And again, like I said, I prefer to short, but it's really the rating system. The rating system is following the large institutional money. And gaps are created with large institutional money. That's what makes the gap in the first place, the ones that I'm looking for anyways. Okay, I'm trying to find those specific ones. You need a way that will help you pick the correct direction to play the gap and confirm the large money will flow with it. By following the 26 point rating system, you have a daily blueprint to follow to pick stocks. This system is a blueprint to help you pinpoint institutional money in the stock. That's how I'm getting 700% return investments, 300% return investments. I would never get those types of trades if it wouldn't have been for institutional money making those gaps and then following through with the momentum. I never have those kinds of profits. And that's one of the benefits. Is every trade like that? No. In fact, some trades I take lose. But when I have a trade that loses, and then I have these types of trades that work so big, you can see how you can move ahead where the winners cover the losers and then you're still ahead. But it's all about taking calculated risks. But for me, it's the reining system. It's the points. You can't take risks for risks sake. And again, like I said earlier, too many people are trading and they're gambling. They're gambling. They're like, I don't know what to do. Should I go long? Should I go short? They're watching their news. They're following too many different people. They don't have a set strategy that they're using. That's not what you want to do. What you want to do is be very, very structured like I am in the morning. I get up and I rate my gap. So the reining system looks at 26 points in the daily chart of a stock. The reining system is a checklist. I go through and I go through and I rate as many things as I need to in the morning. The checklist tells you what to look for in the price of the stock to read direction correctly to know which stock to short and when. So I'm following the system. And so then I'm not afraid. I'm not afraid to lose. I set my risk. It rates good. I take the trade. If it loses, I know the next five trades are going to win. So you see what I mean. It's, it's the, it's I'm playing the odds. I'm putting the odds in my favor when I'm rating it when it rates over 20 points and I do it. If it doesn't rate over 20 points and I'm not doing it. But again, the big moves come from the shorts. The big moves come from the panic. Any questions here so far? Because I'm going through. Okay. So what if you have a small account? Can you still short? We did talk about this a little bit already. The answer is yes. You can because you can buy a put. All right. And again, if you have a small account, you even, you need education more than anything because you can't afford to lose. Because if you have a small account, then you really need to focus on what you're doing and know why you're taking trades. And a put, again, is a short. Okay. So you can, you, even if you have like a retirement account, if the retirement account allows you to buy options, you can buy a put and sell it. You can buy a call and sell it. Whereas you can't short in a retirement account a margin. Does that make sense? So there's people in my trading room that actually are trading actively their retirement accounts, they're buying puts. So it's very, very interesting. However, you want to trade, whether it's for income generation, whether it's for long term investment, you know, but the size of your account, your position size has to do with the size of your cash account, it must. And the type of account you set up, because you can set up an options account as a margin account, either do day trades, and you could do options out of the same account. You know, there's some people doing that. Anyways, we also did the spy on 913, 916 in the morning, we did the 445 spies. I thought these were cheap, $3, 25 contracts, risk was 7500 sold at 13. This was a good trade. This was that same week. Oh, this was the Wednesday. This was that Wednesday we talked about that week. Here, remember this, I called the trade, then it reversed, then the trade was down, then it fell off a cliff. Again, sometimes and most times I tend to be early in trades, which is one of the reasons why some of them are such big winners. If you have a small account, you could have done four, it was $1,200. Return investment, 333%, still a great trade. But I'm trying to make one-to-one. It's not like I hold every single trade I don't, okay? And if I'm in five things, I might hold three things, get out of two things if they're up. Again, I'm trying to chunk it out. 50% is an option, to be honest with you. I'm trying to make it 100. If I run out of time, I might take 45%, okay? Any questions here so far? Tron, do you have any questions? Because I know you've been following me for a while. Some of you, I do not recognize. Danny, I know you email me. Do you have any questions? HH, I don't know your name. SB, I don't know your name. And there was another lady that was coming in and out that couldn't seem to make the connection. Zaire, how are you doing? How is anyone doing? Not too bad? Take that as a good, Zaire. No questions from you, Tron. So just a few words here I'm going to talk about before we end. It's about, oh, here we have another question. Is there a separate training for the options newsletter that you have? The options newsletter, you don't, you can just sign up for the subscription. It's a six-month subscription for $4,999 on a 12-month subscription for $6,999. I have two, six months, and 12 months is your choices. You don't have to take a class, there's no prerequisites. If you want to take the class, you take the class, you learn it, and I'm doing a fall special right now, which I was doing through Friday or through yesterday, and I extended it through Friday. If you sign up for this weekend's class, you will get the options newsletter and the trading room and the market report free with the class until the end of 2024. So that is something that you could do right now, going on through this Friday the 20th, classes October 21st and 22nd. Otherwise, you just sign up for the newsletter. You don't have to have any trading. You just sign up and start trades. You do the trades. Like you have to know, again, this, you would basically, this has a symbol strike expiration date type. You will, the type is a put or a call. Say, okay, I'm going to buy the 445 spy puts that expire September 22nd. And you don't need a class for that. But if you want to learn the class, if you want to do the class, yes, you can sign up for the class. The class is the golden gap course, which I teach once a month, which is this weekend for October. I can't even believe it. There's only two more classes after this weekend. And then that's it for the year. But getting back to what I was saying here, it's penny wise and pound foolish. I, I realized this talking to somebody like a week ago and I, and I wrote it in the email. If you're in the email, you're solid. It's, it's just, there's so many people that trade like that are traders. Like this, this is literally how they think they, they get out of trades with pennies because they're worried about losing dollars. They, they'll trade cheaper price stocks because I think they're going to make more money. Low float stocks or things like $10 and under five bucks rather than taking like Apple or something. They pay for bad and inexpensive classes, $500 or $1,000 for a class because they want to use their money to trade instead of paying for good education. Meanwhile, they lose the money in trades then, in bad trades and lose the money in the class that they paid. Even if it's $1,000, they lost it. It's done. They didn't learn anything. The money's gone. Kaputz. And people don't pay for good subscription services. They go to free trials and take trades blinded. I have no idea where they're taking them and they lose money. Like in the chat rooms, the free chat rooms, people go to the Reddit chat rooms and just take trades blind. And people, again, just put the majority of their money in their trading account, which I totally get. But I only accept credit or debit cards for payment for the class or subscriptions. So you pay over time for my class or the credit card and you take your cash and open up an account. And that is what people can do. But at the end of the day, if you are someone that has a limited funds, not a huge, huge account, you have to be even more thoughtful about what you're spending money on because you really need to have someone that you follow that knows what they're doing and you need to go to education. And again, like I said, it's pennywise and pound foolish for some reason where many, many traders, and again, it could be because they've lost money for years. They're scrimping. I don't know. But if you have to think about this logically, you have to think about this like you're a business person. You have to think about this in a way that makes sense. You've got to create a plan of action or to be successful and to achieve your goals. Again, if you don't have the money to achieve your goals right now, okay, well, then how are you going to get to the point where you have the money to achieve your goals? You have to say, okay, I'm going to build my account up to this much money that I'm going to build my account up to this much money and so on and so forth. Does that make sense? So you have goals and you do what you need to achieve those goals. I'm sitting here right now and I'm looking outside at Central Park and there's a rainbow. Well, that's a good sign for tomorrow for my trading. What a, what, that is a good sign for this week. Wow. I'm, I didn't even, we didn't even have any rain. It must have rained. I am looking at a rainbow right now. I just quick took a picture of it. If you're not following me by the way on YouTube, go on to YouTube, follow me on YouTube. I put videos on their webinars on there, lots of good information, but again, it's all about the 26 point checklist. It's common sense when you think about it. Common sense. It's the idea of looking for a high probability of directional bias for the entire day. A big move in the day, which I want. Again, today BA had a big move, early confirmation of the bias in the move between 930 and 10 and precise entries with follow through and a good risk to reward target potential. I want a good risk to reward. That's what I'm looking for. Again, we're not trading for pennies. We're trading for dollars, but the golden gap system is a 26 point professional bearish gap rating system. The purpose of the system is to help you evaluate which gap to trade each morning using the checklist. This checklist tells you what to trade when and in what direction and that's what I do. The 26 point checklist predicts directional bias in a stop. One strategy is all you need to be successful in the market. You do not need a general overall broad base view to make money. Tons of people have that and fail all the time. You always say, well, what books do I have to read? Nothing. No books. There's no book I can tell you to read. I have been written a book and I probably never will because I'm never going to have time. You take the class live. You got to be there live. You ask me questions live and I will be there live and that's how you're going to learn it. And then if you're in the trading room, you're learning live there every day. You're asking me questions. Your best access to me is the daily room. You can ask me whatever you want. I'm there and then I'm calling the trades line. Yes, you can call me after the webinar. Zaire. Thanks for all the beautiful photos of autumn in the park. Yes. I'm, my phone is running out of space. It's, it's crazy. Like I don't, it's ridiculous actually. Also, I've been really, I'm in love with birds. I'm in love with birds. I saw these, I try and I don't know if you follow me on YouTube. I saw mallard ducks yesterday for the first time in the park and I got videos of them in pictures. I didn't even, I didn't even put them in the, my assistant does the emails. He didn't even put them in the marketing emails yet. I mean, have you ever seen a male mallard duck? Oh my gosh, it was gorgeous. I was like in awe how beautiful, beautiful this, this duck was. I'm amazed at how beautiful Central Park is. I don't, I don't think I'll ever not be amazed, but that has helped a lot to be able to go out and take a break sometimes. I traded the morning and then maybe I'd go take a break and then come back. I mean, again, it's, it's wonderful to be able to do that. But if I was at a regular job somewhere in an office, I'd never be able to do that. You know, I mean, again, the freedom that I have, doing this for a living and trading has brought me so many wonderful things that I'd never have. But at the time when I started trading, I didn't know what I was doing. I didn't know what I was doing and I lost money. So everybody goes through their process. You got to get over that. Just mentally get over it. You know, everybody has a hump. Nobody's born and all of a sudden notices that they, you know, wakes up one morning and says, Oh, I know how to trade. I know how to do everything. Oh my God, there's a double rainbow as I'm talking to you now. I'm going to take a picture of this. I'm talking to you. The birds. Oh, the, yeah, the picture. I don't know. Try it if you follow me on Instagram. There's a double rainbow right now over Central Park. It had to have rain, but I didn't see it. The one thing is again, you know, when I was doing mortgages, I don't want to get too off topic here. My life was seven days a week, real estate agents, because again, people were looking for homes. So I was doing loans for them. I was a mortgage broker. So I had to be on calls Saturday, Sundays, evenings. So again, I was basically working seven days a week. I had no life, no life whatsoever. And I said, I can't, I can't sustain this, you know, and again, for years, I was making really good money doing mortgages. And then the industry kind of collapsed in 2007, 2008. I was still making good money, but I had no life. I had no life and no life at all. And I just said, my quality of life was so bad because all I did was work, you know? So you guys have a life. So that's what I love about training the market is, first of all, I decide when I want to do a class. I decide when I want to do a webinar like this now. The market's only open six and a half hours a day, you know, so that's the most even if I sat all day and watched an option I was in, I'd ever be sitting in front of a computer. So, you know, again, it's just, you know, the quality of life aspect is such a big, a big piece of it. In fact, I should write an email about that for people. Any other questions here? Anyways, if your reason for doing this is to make money, you will make money. And again, it's the 26 points as a checklist. And if you're interested, my class is called the golden gap. It's this week in October 21st and 22nd, 9am to 5pm Eastern time. Class is online. You can be anywhere in the world and take it. And again, I'm doing a fall special right now. I extended this. So I said 1015, but I extended this now to 1020. It's $69.99. If you sign up, you get the room newsletter and market report free till the end of 2024, which is huge. Because if you want to stay in the room and you want to stay trading with me and you want to get all my trades, you're not going to have to pay anything then until January 2025. And that is just so long the way. And you should be able to actually do extremely well in that time. But this, this is so much time that it, that it takes a pressure off you of rushing. And if you have a small account, you want to start slow, you don't have to feel like, Oh my God, I got to make all this money quick because I got to sign up for the room. No, you got basically a year plus. I'm the queen, Xayar. Thank you. Xayar is on the options newsletter. And Xayar, you do need to do the class at some point. Xayar has not done the class. And I think you need to do the class. Any questions from anyone about anything at all. Trond, I hope you sign up. I know you've been thinking about it for a long time. Danny, I know you're new. Do you have any questions? HH, did I answer all your questions? SB, do you have any questions? Wow, this is, I'm looking at a double rainbow. Trond, I don't know if you're trading or if you're still thinking about trading and haven't been trading. Yes, Danny, you can email me questions. Danny, are you trading right now? Trond, I would, I wouldn't wait. I would just jump in then. You can, you can get this week's trades. If you sign up for the options newsletter, if you sign up today, you can get the trades tomorrow. Again, I don't know what we're doing this week. I've never known till I get up in the morning. I rate the gaps in the pre-market in the morning. I don't know what we're doing until I see it. I get up early. I'm doing all the pre-work. And again, most of the trades are set early in the morning. But I'm telling you, I think it's going to be another, another really exciting week. You know, a wonderful evening. Xayar, give me a few minutes because I want to take some pictures of this rainbow before you call me. And everybody else, if you have questions, email me at Melissa at thestockswish.com. If you're interested in the options newsletter alone, email me. I'll send you forms. If you want to do the class, email me. I'll send you forms and have a wonderful, wonderful, wonderful evening, everybody. You're welcome.