 Let me know if you can see The slide it's the Empire State Building Again for those of you that just came in in order to chat you go down to two Individual user and then you will choose my name Melissa Armo and type and then I can see it Got it Wonderful. Welcome Welcome everyone. My name is Melissa Armo for those of you that don't know me I own my own company called the stocks which which I started in 2008 That's crazy. That's 15 years ago getting up on the 15 year anniversary of the stocks Wish I can't even believe it myself, but time really really really really really flies You start trading and then you get into it and then before you know it It's one year two years ten And if you've been trying to trade and making an effort to trade and really wanting to trade For a long long time then you understand that it's a process You know, it's nobody's born it wakes up today and all of a sudden knows how to trade Because I'm gonna trade I'm gonna be successful and then boom You press the button and you make money So when I first started out I took one class and that class did not teach me how to make money But I knew that there was possible. I knew it was possible to make money in the market And I did learn a basic foundation for technical analysis, which is how I make the trading choices I make today So today's webinar we're gonna talk of course about making money and and we're gonna talk about making 20,000 a month But really that's on average a thousand dollars a day Depending on your risk your risk to make that much money would have to be around a thousand dollars per trade risk I risk more you can risk less you could try to make a thousand dollars a week You could risk $200 a trade and attempt to Make money and just add on to your normal income. No one said you have to do this for a living This is something you could do in the side So I would say I'm about 50 50 right now with the people that are trading with me Some of them are doing it full-time some of them are retired They're doing it for extra income some of them are doing it on the side and have a regular job So they just don't have the time to devote trading Monday Tuesday Wednesday Thursday Friday So they're doing on the side either for extra money or trying to make a transition into trading full-time While they work another job So again for those of you that don't know what I do I short that doesn't mean I never go long But I prefer to short if you have been trading in the last three days Or even the last week you know that it has been a very good time to short the stock market or pretty much anything that exists so we've had an incredible week an incredible month and Looking forward to seeing how we close out the year of 2023 when I started trading again I started trading in 2008 when I started trading the market was bullish So actually, you know, I taught myself how to short stocks in a bullish market The market I want to point out is still bullish. We're still in an uptrend of the market However, we've had many opportunities to short and you can short in an uptrend You're short enough trying to get short a downtrend. You could short in the sideways neutral chin So it doesn't matter if the markets rallying or falling You can find specific stocks to trade and short either way One of the reasons that I prefer to short is because you can get big moves large moves fast quick moves in Stocks when they fall and again, if you were trading in the last few days, you know that too So if you have questions if you were interested in learning what I do and signing up for my course the classes this weekend I will talk about that at the end. I only have a few more classes left before the end of the year only three more classes this year in 2023 I can't believe how fast this year has gone and a few days. It will be October It's nuts how fast this year's went but October will be earnings season which makes for good trading. We'll talk about that more later But if you want more information, you can email me and Melissa the stocks which calm or you can call me at 9 to 9 30 200 gap or you could follow me on Twitter Facebook YouTube or Skype. I do appear on TV I appear in various different channels discussing the market. I'm on a Mayor trade network, which is swab now on Wednesday. I will be discussing the market So I talk about the market a lot. I talk about the economy But the reasons that I decide to trade are based on technical analysis So you may have good data. You may have bad data If you don't know exactly what how the market's going to react until you see it, okay? So if you could always short something to embed data Wouldn't be that hard to make money Just like if you could go long on good data and in the market You know, you everybody would make money. So it's not always the case or advice versa So when you're reading the price action, you need charts You need live charts and you'd have to have an account at a broker with live charts with the pre-market and post-market data If you wanted to trade with me, okay? You would set up a brokerage account and a broker on your own you can trade my system using options or day trades I do both. I have people doing both. It's whatever works for you And if you have any questions about that as we go along you can ask me as well So can you run a living in the stock market as professional trader? The answer is yes Yes, you can but as I said earlier some people are doing on the side They like what they do or they just don't have time to devote to trading They have other things going on in their lives and they're trading to make extra money But if you want to do it full-time you can it's a full-time job with part-time hours though Which is what I like about trading. So how can you do this? How can you learn earn a living doing this you have to be profitable if you if you can't make money trading? Consistently it's the consistency that many people lack It's going to be hard for you to put together to have something that you could rely on because when you go to a job And you work for a job and you get a paycheck every week or every two weeks You rely on that money to pay your bills trading is not you're getting a check from someone You're not getting a check in the mail for the market Okay, you have an opportunity to pull market out of the money every single day the markets open Which is Monday through Friday. I tried the US stock market. That's your opportunity to pull money out of the market and That's not a guarantee So if you're not doing the right things you can lose if you're doing the right things you can win If you have no idea what the right things are or no strategy, it's gonna be hard for you to be consistent You may win some days lose others and by the end of the week You can't pay yourself a check out of your trading account because you were consistent You may have had some winning days But then you may have had huge losing days and too many losers means you're upside down The idea is to win so I think what people lack that I talked to in a pot Todd how to trade is people lack the consistency in their trading So for those of you that don't know what I do I trade gaps and I short Okay, so we're gonna take a look here at the chart of the spy This is a daily chart a chart of the spy again. I have very very clean charts. Why because I'm gonna look at the price action I'm not worried about a lot of other crazy things. I'm trying to read with the prices. That's all that counts I'm one very unusual person that I could trade the tape if I was reading numbers I could trade it without even looking at candlesticks and that's something that a lot of people could never do in Today's day and age, but I know how to read the numbers and that's what helps me make money So let's talk about what is a gap a gap is a difference between the clothes in the open. So for example Last week on Wednesday, the market closed at one price four o'clock eastern time the market always closes We're closed now and gap down here at 9 30 the next day This is Thursday morning and open at a lower price. So we closed here open here then we fell We sold off so again, you could have shorted this we were already short and puts But we also shorted this here, too So my strategy allows me to predict the movement that the market or stock is going to make The idea of momentum is to get in the trade at a good point in time So that you can make money because again, we were talking about winners and losers you also have to have some big winners and This market again for a lot of people this year has been tricky Maybe the beginning of the year was easy for some people who were going long when we rallied in January And now it's starting to get a little tricky. Why many retail traders prefer to go long So I found that shorting has given me a niche Some people will think they can short everything in anything. That is not true. Okay, just so you know, that's completely false You cannot short everything that gaps down. You can't short everything that gaps up You can't short everything even at a bearish market Say we turn red say we go red say we we flip and go on a downtrend for the year We're not right now, but say we could we could Anyway, some people will think it's it's it's time to go long Soon because we're down so much you saw the market trying to rally today But for me, I just get up in the morning and I look at the gap like the gap in the market Then I've showed you I rate the gap and if you come to me you'll learn how to do this And if it's good you do it if it's don't you don't you don't do it You don't do anything and then at all So you go day by day and again the benefit of learning how to read the immediate price action of something helps you make quick Decisions fast decisions decisions daily decisions and more intense focus decisions And you can do this even if you're in long-term trades even if you're in swing trades Even if you're in long-term investments, okay? In my opinion the only way to make money in the market consistently in any type of market environment is to trade gaps And specifically gaps that have momentum now I coined and termed my Strategy the golden gap, but it's like finding gold in the market because it has a large move Okay, so momentum is a large large move The thing about gaps is many traders do the reverse of what they should be doing or they have no idea how to trade gaps and Therefore they just tend to shy away from them But one of the things that's so special about my class is It's a method that you can apply to anything in the market that trades that has a daily chart could be an ETF It could be a stock could be the market ETFs like I said could be gold or whatever as long as it has a daily chart Has an open and a close and trades in the US stock market You can apply my method and you could do it and trade it any way you want that means options That means day trades that means swing trades that means long-term trades and for now as long as the market exists There will always be a close on the open There will always be gaps and gap trading will always be powerful again. I've been trading for 15 years It's crazy, but it's true There it's been it's powerful now to trade golden gaps as it was 15 years ago So having a strategy to focus on daily is very important because you don't have Distractions like the Fed is going to talk on Wednesday or Thursday. I think it's Thursday this week drone palace having a some kind of Forum or something is going to take questions So the market will be volatile that day if you're constantly reading economic data You're like, oh my gosh, the the economic data is good Why are we falling or whatever the case may be? Unemployment slows makes no sense. We're dropping they didn't raise rates. Why did we fell off? You know, you can rationalize anything you want again if you're training to make money You're not doing this. You're not an economist Okay, and if you're trying to be that go get a job working for someone you get paid a salary for a job like that Go work for the administration go get a political job right write papers on it where people pay you for your For your thoughts and there are people out there that do that I appear on TV with some people I do that they make money actually just writing papers Newsletters or whatever that's it. They don't give you know Predictions like the market's gonna rally or fall or this stock's gonna fall or trade. Okay Having a strategy will help you succeed and again, it is about the focus I also trained very in a certain way that most people don't understand and it's trading momentum I think that's Netflix chart is a good example to spy is another example to be shorted The Netflix Last week, I forget exactly the time I get into it But anyways, we shorted it and we shorted it here Okay, and it fell off a cliff many many many people would have said the trades over it's done It's had a big move. We can't go any further. No, so we captured a Jimongus move in this stock That fell okay because we traded the momentum. We got it We could have got in earlier, but you could say that about any trade really But at the end of the day the reason that I make money and some trades are so powerful that I do is I'm trading the momentum Okay, and a lot of traders don't understand momentum. They don't trade it They're afraid of it and again last week in the market was a good example, too We'll talk about some market trades here because the market the momentum last week in the market was to the downside Okay, not to the upside it was to the downside and if you were afraid to trade that Well, you and you went long for example. You got burnt. So anyways, let's talk here about what is the gap? So a gap is a difference like I said between the close and the open So Netflix I'm gonna go all the way back closed here at four o'clock Eastern time gap down fell boom You could have shorted this as a day trade. You could have bought a put Could have done a swing trade in Netflix off a clip Okay, and again the reasons why this thing that thing the other thing we're not going to get into now We're just talking in generalities today because I'm only talking here with you for 45 minutes an hour However, along we discuss You would learn how I knew that the momentum would continue in Netflix in the bigger class But it's the idea that if you're trading momentum you can make money and again That's how you're going to get large trades large trades by what do I mean by a large trade large risk to reward or return an investment? Depending if you're doing a day trade or an option That's how you have Trains that are such big winners. They'll cover your losses and you still can be up and make money because I do have some trades that lose so we did all these options trades last week and One trade I lost in it was an option But I had so many so many winners last week and so many big winners. It did matter. I lost an apple I did an apple put last week. I think I just paid too much for it I could have got out of it with a little bit of profit a break even I took it into the Friday lost But I made so much money everything else. I did it didn't matter So again when you're getting huge trades and lots of winners You're gonna be less stressed when you have a trade that doesn't work You will also be less stressed when you have a day where you don't trade So let's talk again about here. What is a gap because this is a meat and potatoes of what I do What is a gap a stock gaps on the opening price today is different than the closing price of yesterday's trading a gap is a Break-in price action from one day to the next simple Okay, so the stock market gaps almost every single day and stocks really gap every day, too Not every gap though is what I call a golden gap or like I said a stock that will have a large move of a Mentor move a predictable move that she would want to play so when I get up in the morning My process is a process that you can learn from me and do yourself You don't need me for the rest of your life once you do the class now I think people find me having me as a mentor helpful Because the fact is that I call the trades alive in the room And if you're on the options newsletter, I'm sending you the trades and telling you what I did what I rated What I like when I'm going to do so that helps as a support system when you're learning And again, everyone has a learning curve so one of the things I find so interesting about having the business as long as I've had is that you know people Want to wait and think and talk about Training with me, but you may have a learning curve So you can wait as long as you like I will teach my system as long as I decide to continue the business and do it But the fact is if you have a learning curve and you need my help you should get started As soon as possible because everyone has a different learning curve. I was talking on the phone with a gentleman today Who I hadn't talked to for a couple of months and Some of the things we went over that we already went over and he needed to hear them again and Some of the things were new things that we had to go over So, you know, I mean you're gonna have questions as you go through this process and again That's the benefit of being in the live training room with me and asking me questions Whenever you want to whether it's calling me in the phone emailing me or in the room now Let's talk again about what institutional money is because how I make the choices how make the decision How did I know Netflix would continue lower and the spy and the QQQ's is that institutional money was selling off the market last week So institutional money dumped dump shares for example of Netflix last week It's sold off. So on the right side of things if you wanted to make money in Netflix, you would have been short Okay, we also did a don't be It's a daily chart again. What happened to Adobe Adobe close here gap down. This was an earnings trade actually So Adobe closed up here about 550 gap down here in the morning open rally dropped Broke 530 on that one particular day See it show again in reference to Adobe This was a short or you would have bought a put in it. Okay See it you can't see it. I will reset it. Hold on Can everybody hear me? You should see slide on Adobe Adobe chart slide 15 Okay, good. Okay, so this you could have done and we did do that again This was a short. Okay, that was back Friday the 15th So again, the momentum here is to the downside If you went long that day you lost So what does what does momentum look like? It looks like power where it moves a stock and and I'm just using Adobe as an example because the price point is that is Very very very expensive where you have a lot of institutions that are long Adobe short Adobe, whatever Okay, it's a powerful powerful stock. I consider that in my list of the bucket of Market stocks actually, but institutional money is always in charge It's in charge of the market and stocks at all times even if you think it isn't it is and That's something that you got to remember. So again This is going to be a very very very interesting period between now and the end of 2023 because a lot of people are Again wanting thinking that the market is going to continue higher and make new highs and all of that Whether we hold where we are where we are here today I didn't see exactly where we closed But whether we hold here where we are rally and continue up I do not think that the market makes brand new all-time highs by the end of the year while we could theoretically I think that is very low odds So if you're going with what's happening with institutional money You're going to have so much of a higher chance to make money in the market when I do trades I'm doing short-term trades short-term trades in a day trade is a minute out in a couple of minutes or in an option I'm doing the weeklies But it's I'm still looking at institutional money and the genius in my system is I'm reading the institutional money That's in the stock for the long haul or out of it That's exiting it or entering it But I'm playing it on a minutiae time frame on the one-minute chart of the daily chart to make the choices and Decisions to get in to get out to book money because again the only thing that you should care about is the whole point of making money That is the reason you're doing this. That is the reason that you're trading That's the reason that you should trade anyways But you don't want to go against institutional money You want to trade with the power not against it because again if you are Against what's happening. It's going to be very very difficult for you to make money So you want to be able to just ride the coattails of that institutional money Just write it down and now the words he would short or buy it and then just write it up. Okay So again, I prefer a shirt rather than going long, but I will go long So let's talk more about institutional money learn to spot institutional money and trade with it That's gonna be so much easier for you to be profitable Make your trading life easier so you can make money on a regular basis and again If something doesn't set up or rate good that day, you don't do any trades But you have to make money on a regular basis if you want to trade for a career and I think you have to do it if you want to even do it on the side because it will it will weigh on you if You're losing over a period of time and again, I've had the business a long time now One of the things I find so interesting is trade people will trade for years and lose and they won't change what they're doing I don't I don't know why or they'll still believe or think they can pay $500 for a class and learn how to trade and make money. That's not realistic. Okay, you must be serious about what you're doing And you must be committed. I always was since the jump, but I think that is also my personality I'm very very serious, but pretty much everything I do whether it's decorating my apartment, you know or You know deciding to trade the stock market or going on TV, you know everything that I do a very very serious person If that's not your nature Then you got to kind of take a step back because you can lose money trading if you don't know what to do And if you don't take it seriously, you will lose and if you're trading and you don't have a strategy You'll lose too. Okay, so you have to have certain pieces of the puzzle together in order to be successful And again, some people do some people don't some people do but they don't know how to put it together They may have a strategy, but it doesn't really work. Sometimes it does in a bullish market, for example But then other times it doesn't but I'm following the moves that capture The momentum of what's happening whether it's buying or selling in a stock that institutional money is creating Okay, and that I'm doing it on a very very small time frame So again, I said this earlier and this is I'm just reminding you again Institutional money is in charge of the market in stocks at all times Even if you think it isn't it is a big flow of money going in a certain direction is what moves the market stocks creates momentum And sets the trend in charts when you're looking for institutional money You are really reading the side of the power in a stock You want to be in the side of the power in order for you to make money trading Institutional money is in charge of the market in stocks at all times So you've got to understand how to read this and and again, I Created my own system where I became a specialist in doing this where I'm actually Trying to determine if institutions are buying the stock or selling it. I'm actually Analyzing it and everything I'm doing is in the charts. It's in the price action So this is where you will go through the learning process Comprehending how to redefine and train with this power will have a huge positive impact on your profitability as a trader And they say oh wait a minute. We're rallying, but this is really a rally with retail traders It's going to sell off again because institutions are not buying here. It's retail traders. We're going to sell off again soon Let's wait Elevate yourself you're trading your profits to a higher level of consistency and success by learning how to read the footprints of Institutions trading in the market. So this is a really really good one here Actually, you could have shorted Oracle today We did Oracle a couple weeks ago stock close your gap down stock close up here around 126 and change gap down over in the morning around 111 boom fell we shorted it and we bought a put So again, if you're some of the does not have an account size to read to do day trades You do not have a margin account. You cannot take 2000 shares short of Oracle on margin Then you could buy a put in Oracle. We did both. Okay, but you can do what you can afford You have to do what you can afford Okay, so if you can only afford to trade options which you can open up a $2,000 options account Then then you're buying a put in Oracle. You're not doing the day trade. Okay, but either way you see the momentum here You see the momentum. This is a big fat red bar Stock fell off a cliff dropped down here $5 boom more than that actually So this is what you want to get. This is being done This is being sold off by institutional money. We did it We got in got out and again, that's the whole point of trading to chunk it out. We also did square I got out of this too early But square is a good example here of institutional money Square is just selling off almost every single solitary day. It didn't today, but you can see her a square Just fell fell fell fell. Nobody is buying the square here No institutions are buying square. It's being sold off or it has been sold off. Okay, so again talking about momentum This is momentum. This is selling people so many opportunities there But again, it's all about institutional money learning how to read the footprints of big position players before the momentum occurs You could take the position of the right direction and get out after the move happens for profit But you have to understand how to train with the side of power. You got to be able to find the picks It's very important because this power has the ability to pay you and not only that the market has the ability to pay you So knowing how to read what institutional money looks like is essential to becoming a success successful trader And you can we big trading on the side of power. So again I must stress that institutional money is always in charge even if you think it isn't it is Learning how to read it is critical and how do I do that in the gap? So I get up in the morning in the pre-market whatever time I get up 5 a.m. 6 a.m. Whatever time early I see if anything's gapping down and then I go through the process and I read it So I know well before the open well for the market even opens if I'm going to trade that day or not And if if so what and I will send out options trades in the pre-market early You cannot do the trades until the open. Okay, but I send trades out sometimes very very early. I Am going to go over the options newsletter, which is here This is where to I'm going to go over to spy trades This was the biggest trains that we had last week huge trains and we're going to go over them So on Friday, so if you want to join the options newsletter This is a subscription service where you do not have to take my class in order to join the live room The class is a prerequisite in order to join and subscribe to the options newsletter You can just subscribe I have a six-month subscription and a 12-month subscription But anyways getting back to this this this was just an awesome call if I do say so myself So on Friday the 15th. It was it was late. I mean I waited 1104 I called the 442 strikes in the spy that expired last Friday You could have been in this to the last day. I wasn't I got out Thursday But you actually could have been in this to the last day. You still would have been up. You still would have made money That's insane, but it's true So Here was the day that I called the trade So you see right in here take it over. I called the 442 And you see the move that this may so this is momentum people Boom, this is today. This was Friday How do I determine one gap over the other by rating it again? I will do I will do multiple options of one day. Sometimes I'll do more than one day trade I'd usually prefer to do one, but I'll go with the highest rated gap But so is the case now in reference to options because I'm not Trading options in one minute two minute three minutes like I might a day trade I will put on multiple options straights because I don't have to be right on top of all of them So I will say this one rates good this one rates good this one rates good I'm doing them all in reference to doing the options But anything that rates over 20 points you could take it in the direction of the gap. This was an awesome call This stop fell from the point that I called it, which was above the 442 it came down here and dropped Didn't quite Get down as much as I wanted it to on Friday We had a late start to Friday because we first rallied and we dropped again. I was already out of the tree I was already out of the trade, but this went 12 points plus through the strike into the very last day It was so dirt cheap when we did it $1.25 So again, this is an advanced trader risk. We will go over a beginner risk here 70 contracts If you would have risk 87 15 and you would this is this isn't even Friday You wouldn't make more on Friday. I didn't I didn't look what fridays was but I know it was lower Sold it on thursday 10 Profit was $61,250. This was 700% return on investment This trade just fell There was nothing to do this trade was never down For the moment that I called the trade it was never down There's like there was almost no management needed to this trade. It was never going to go back up through the strike It was never going to go against me. It was impossible. It was never going to happen It was just a beautiful trade Anyways, if you had a beginner risk Okay Of $1.25 per contract you could have done one 10 contracts and if you had risked 12 50 $1,250 which which really anyone should be able to do And sold it thursday you could have made 8,750 dollars in one trade So I I get this a lot where people are constantly constantly constantly constantly telling me They don't have enough money to risk a large advanced trader risk I have been trading for 15 years people and I invented the system I do I don't expect anyone to be taking as much risk as me even if you had the cash There's no reason that you can't trade with $500 risk A thousand no reason you do not need some massive account to trade my system But a lot of people Just want to wait till they have all this money, but I don't even think that's the case I think that's an excuse. I think overall people have been burned by taking classes or trading the market and not making money And really people have been burned in general Because they take bad trades You know of all the people I've ever talked to since I started the business in 2012 It's 11 years now since I started the sockswish most people have lost the majority of the money that they've ever lost trading from bad trades So if you go if you start at that and you acknowledge that the fact that most of the money you've lost is from bad trades Then you have to say to yourself you need to learn how to take good trades or you're never going to make any money You know So this is a good example of what selling selling pressure momentum example of a short Huge trade huge call and then again the idea of holding something having the conviction to do it But you could have got out. I mean, I just want to point out you could have got out You know, you could have got out the day that I called it if you're so nervous about holding trades You could also split it You could have done for example And again, I tell new people this you could have taken 10 contracts got out of five Friday of a monday so I called it on the private We got down monday You could have got out of half held the rest Again, do whatever is easiest for yourself to be more relaxed with your trading You couldn't have lost then because the money you would have booked on the half of the position Even if the rest had trailed against you which it did not you couldn't have lost you wouldn't have lost in it Do you understand? so again We talked about this actually in the trader room this morning because someone's asking about something that I just called today You you have to kind of know yourself. You have to read the room The room is you the room that you're in you have to look in the mirror and say okay, wait a minute Am I okay with taking this much risk or not? Can I take a thousand dollar risk? You say well, I can I can't afford it But do I feel comfortable with that? Maybe you don't so then you then you then you take 500 Because you can still make money with that But I think I think a lot of people And I get these questions all the time because I teach my method in a class once a month And some of you I recognize and I've had this conversation with some of you some of you were new I don't If you've been training for a while Acknowledge the fact that you may have taken classes and not learned things But most of the money you've lost has from it's from the stock market And every time you lost in a trade somebody took that money from you. It might have been me You might have been long the market last week and I had a massive week and that would have been Money that I might have taken from you That's the whole point of trading It's a it's a winner takes all kind of mentality. You know what I mean? It's a It's one winner and one loser for every train You understand what I'm saying so on every trade that you take somebody's on the other side of it You know what I'm saying? And then you get a move like this again. You could have played it multiple multiple multiple ways So you could have played it as puts which we did you could have day traded the market last week which we did You could have swing traded the market last week. You could have done that too The other benefit also of learning my system is if you're in logs And you and you rate a bearish gap And you say crap this rate's really really good I Better get out of my long and that's another way to use the system too Because the system would have told you the market was lower And then you would have exited your long so you would have cut your losses if you were in a longs Or got out with profit before it went against you Do you know what I'm saying? Do I know this was a big call? This was the biggest trade last week Any questions about that? We also did the 440s, which I called on Monday So I called the 440s Who's in the pre market was right before 9 a.m? Again, we were down on monday morning So again, this was another put Same Same chart. Okay Day that we did this here was here Okay closed your gap down rally So this trade initially was down before it went Okay And again, that goes back to the same thing as we were talking about the whole philosophy of understanding what to do Because you won't be upset if the trade's down. I called it for a friday expiration. It's only monday You don't take any more risk than you can afford You let the trade play out Okay This was the second biggest trade of the week the cost was cheap dollar 40 Contracts was 16 risk was 8400 sold at 8 this was on thursday again This kept going friday profit was 39600 or 471 return on investment This is taking it on monday and exiting thursday and that's not even that long of a time It's four days If you did a beginner risk around 1200 1269 contracts 5940 This is how you also can exponentially grow a small account So if you have to say you have an at $10,000 an account and you risk 1260 on a trade like this Then you get up the next morning. You got 16 grand at your account. Do you follow me? That's how you can get up to a margin account where you have 25,000 in it available that you can start trading and taking the margin trades because you need a minimum of 25,000 to trade On margin unless you go to a prop broker broker, but again, you could have held this till friday and made more I always get this question too Is this the best exit you could have got? No, I don't always get the best exit I told you earlier. I did apple I lost an apple because I waited till friday for it to go because I thought it would go more and it just wasn't going my way And I just think I paid too much for that But I could have got out of that with money Before friday, but it just I lost in it. So I do not always get the best exit Sometimes I try to squeeze something more out of something and sometimes I'm up only a little bit of break even in something and I try to hold it into the last end of the week To try to get it going because again your your goal should be to make money your goal isn't to not lose Many traders are trading not even know why they're doing it. They're pressing the button the trade goes right away They're fine to get out with money if it doesn't they kill it. They don't even hold it They don't even know what to do there then they're then they're worried about it because they're down It's like your goal should be to make money. Your goal isn't to be break even Your goal isn't to not lose Your goal is to be profitable Your goal is to make money and in order to do that you must be willing to take risk If you're nervous about your trades chances are you don't have a good system Don't know what you're doing or you're risking too much Okay, so cut your wrist back Learn what to do And and get on board with a good system is all I can say about that Any other questions you're so far? Uh, the market was kind of a sweep It seems like that now but in the moment if you were watching last week if you were in trades It really didn't play out that way. It's easy to say now looking back, but it really didn't play out that way It was very volatile. It was up. It was down. It was up. It was down easy to easy to say now But looking back we were trading it and it was not like we didn't go straight down. We didn't You're in the midst of learning another system, but it will have been curious about philosophy if you're learning another system You should be making money and if you're not then don't waste your time with it. It's my two cents on that While you will have a learning curve with me and we'll ask questions You should be able to make money as you go along I mean, there's no way that people didn't make money with me last week could have been a monkey and made money in my trades last week The only way you couldn't have made money trade with me last week is if you didn't take the trades So gaps have huge opportunity because they spot power of money And that's what we're all looking for. That's the whole point. That's that's what like it's not fun to trade and make 10 cents 15 cents It's just like that's like a waste of time. So anyways, how do you find gaps? You can buy a scanner if you want We're looking for market moves. We're looking for news. We're looking for earnings. It's easy to find them but we have to Get the good ones, but they're out there. They're out there every single solitary day Now it's not the busy season this week busy season starts in october It's earning season. There will be lots and lots and lots of gaps or more gaps and we would normally have a non-earning season So we will be very active. So it's a good time to trade So again, you have to constantly look for the good ones. Some days there's more things than others And I never know. I never know. Like I said, did I get up in the morning? But we find gaps and then we rate them using a checklist gaps have to be qualified Excuse me The checklist tells you what to look for in the price of a stock If you find something that tells you that it's going to continue selling off And that's why you want to get in the position again You can do it as a short as a day trade short or you can do it as a put But again, there's only one thing and one thing only that can move the direction of a stock. It's money It's not a little bit of money. It's a lot of money. So that's why regional traders really do not lose stocks They may temporarily hold up and move or move something Temporarily for a short period of time, but eventually the power of money will come back It will come back in And it's because it's in charge and it's in charge of the stock's direction at all times trends are set and Move with the power of money people of which there's a lot of in the market So again gaps happen in the market on a regular basis. However, some gaps are better than others Some gaps are nothing gaps in which case then I will not trade them So again, I'm not shorting every bearish gap I'm not going long every bullish gap and some gaps are very powerful displays of institutional money The most important gaps in the market are gaps that signify a change in direction or a bigger move in the same direction Understanding which gaps are meaningful 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 You cannot take every gap of the direction of the gap though Again, it would be easy to trade if that was the case. You can't short everything to the downside You cannot take every gap on the opposite direction of the gap either So just think about it intellectually. There is a thought process involved in what I do You must use your head. You must use your brain. You must go through the process That's the point of the prep work. So when I get up in the morning I'm prepping and the more work I take and time in the morning to prepare to trade The better I will do in the day and the more money I will make So that that again is like a lot of people are waiting to trade until after 10 a.m They didn't even prepare in the morning or people are trading the fly How could you possibly think you'll be successful if you're going to do that? You won't Okay, the whole idea is to know what you're going to do ahead of time beforehand And you're always looking for who's in charge. So I clip this in here back To the second week basically of september First week of september This is a chart of the spy who's in charge here. You might have said, oh my god, the bulls the bulls are in charge melissa It's a beautiful chart. Let's go along. Let's do it And now this is today This is today Now do you who do you think's in charge? Well, it looks completely different, doesn't it? It looks completely different But I knew before this happened. That's why we got Trades that went ridiculous. You understand or I was prepared Ready ready to pounce when I got the setup that I wanted which I did which I did Okay, I know what to look for so all I have to do is wait for the setup And then I get it and I do it without hesitation. And then I take the risk So again, this is what trips people up with trading. They say wait a minute. Wait a minute. Wait a minute Oh No, you should not Like think that it's going to be as easy as that because it isn't there's a nuance as to every single thing that you do Can you learn how to do it? Yes It's something you can learn and apply by yourself. Let's talk about this in the last webinar. I did a couple links ago Kramer has a television show. He appears on tv. He's been on tv for I don't know 30 years Could be longer than that He doesn't have a system that you can learn. He says I like this buy it He's probably buying Netflix right now actually I don't know if he is but I would I'm just throwing that out there after seeing that sell-off. He's probably buying it. He likes to buy dips But he doesn't have something that he could say This is why This is my system is applicable You could learn it and apply it to a chart and then come up with the same conclusion as me You understand the difference there'd be no way to come up with the same conclusion as Kramer and any of his picks which is why many of them don't work Because he doesn't have a system. He just says I think this and I think that and he can't tell you really why looking at the chart So you come and you learn my system you can do it for yourself and that is a huge benefit The golden out 26 point rating system pinpoints the direction of power money by reading the price action And you need to have conviction in what you're doing if you're going to risk money in the market If not, you get chopped up your summer wins summer losses And like I said overall all the money that you're losing you're giving into other people's positions and trades in the market You're giving it to them And if you want to trade like everybody else you're going to lose So you have to do something different for me. It's shorting for me. It's the fast trades for me It's momentum for me. It's gaps All of those things combine also the way that I do options a lot like a lot of people I buy a putt and sell it I buy a call and sell it a lot of people aren't trading options that way Because right or wrong i'm going to win or lose like I told you I lost on the apple So I got to be right or that trade's going to lose I got to get the momentum in my trades or i'm not going to make money in it for what i'm paying for some of these things So if I get the direction right and the timing and the momentum it's profitable But for me having an edge is really rating the gap and getting ready in the pre-market and And mostly shorting but you've got to have an edge if you want to do this and be successful And the thing is you can you can't you absolutely can't And if you were honest with yourself you probably realize that or you wouldn't be trading I mean I would think that you wouldn't continue to trade the market And risk money every day if you're trading or every week if you think that you could never make it If you really thought you were never going to be successful at this What the hell are you wasting your time for I mean why are you trading that that is like That is ridiculous to me. So some part of you probably knows that you can make it That it is possible that you can be successful. Okay It's just you're not on the path yet If you're not and you have to make a determination what you want to do about that But opportunities sets up daily and gas which counts to trade for a living That's what we've been talking about And then we were talking about earlier how much I spend so much time getting ready so much time doing the prep work so much time You know preparing Compared to what I trade. So this is the really bad pie chart that I made Circle was definitely not round, but this is all the time that I'm preparing to trade and then the amount of time I spend trading So the thinking is here The doing is here. The doing is easy once the thinking is done Does that make sense? So we're going to go over last week's day trades here again These are trades on margin. You need a margin account to do them You could do puts in the day trades I call if you want to but I'm doing day trades and options the options I do I call in the newsletter 10,140 last week and there were days we didn't trade so Uh, the first day of the week we did the video. It was the 18th. We actually lost in the video This was a whipper snapper on this day stock was here gap down fell. We were up initially in this then it flipped Lost in the video. So the first time we did in the week was a loser Did it again lost to second trade in the video again. It was a whipper snapper Gapped down here set up again stopped on the second trade in the video And then I did the spy. This was on the 18th And I made money in the late trade on the spy. This was on monday I shorted this late into the rally here and got the drop So monday was a day where I had two losers and one winner Um, then I also did the cues Same thing. This was like similar to the spy trade. It was a baby winner But basically I lost on monday This was monday a week ago Then got up in the morning and I did the spy so that was the 19th So this was Tuesday and we had a huge trade in the spy Again, you need a margin account to do this trade. You could take 100 shares You could take a thousand you need margin Enter the trade at 440 255 to 4,000 shares with a great stop in this add it add it into the position got the drop Average price was 440 240 exit here. This was a nice trade huge trade Again, this is this day here stock close here gap down. We got the sell-off here. This was Tuesday the 19th You could have taken less size. You also could have bought a put now I was already inputs, but you could have bought a put and day traded a put for the daily expiration of the 19th for the spy There are daily Explorations now for the spy and the qq kiss. So that that was not what I called On the newsletter. I'm calling the weeklies the fridays, but you could have played this trade that way And I say this because of the fact that if you don't have the margin to take a trade like this You could do the put and then I if you're going to do it as a day trade. I do the daily expiration I'm not calling daily expiration. So but I know there's people in the room that are doing this So there's another idea of how to do it and how to play it as a day trade We did the square too. I killed this. I should have held this But anyways, I killed the square could have made more this did eventually go to my target I made a little bit of money in the square. This was the same day on the 19th, but I got out of it And then the next day, I didn't do it. I should have done it here too But I only did it here So I made a little bit of money in the square that was Tuesday 9 20 no trades. We didn't do any trades then at all And then that was the day remember that the fed was going to talk and I said, no, there's nothing good today Let's wait. Let's wait it out. Let's see what happens. Well, we did We did the market all last week here. I'm actually There was there was just too many good setups in the market not to do it 9 21 then thursday We did the market So that was here Stock close your gap down. We shorted it and again, I got in got out, but this went all the way down crazy Again, I do my day trades and get in and out fast. We shorted it 435 60 got out at 434 15. This is a good solid trade. I'm risking one amount trying to make one amount This is a day trade. I must be out of this by 4 We sold off though into the close on thursday and you could have held this all the way down So I forget exactly where we closed but we broke 432 You could have Double this if you held it again, you could have done the daily Putt expiration if you don't want to do something that's 435 dollars a share The market's expensive now today trade. I get it. We're not doing the market every day It seems like we did last week, but there was just it was just good gaps in the market And then friday we didn't do anything Since buying calls and puts is assignment ever a risk I don't know what you mean by that. You must exit your trade before friday if that's what you mean Why would if that's what you're talking about? I mean You gotta get out of your trades. What do you is that what you mean? Just asking a question. I'm not sure exactly what he means No, if you I think I'm trying to read jeff's mind um I think what jeff is talking about is If you should happen to still be in a trade like let's say you I'm just making this up here We didn't do this, but let's say you went let's say you bought a call In uh Can't even think of anything right now that I like Um, just say you bought a call and something today It expires friday and you're up friday Whatever a little medium a lot If you don't exit that call meaning you don't sell it so you bought the call You're through the strike. You're up in the train You forgive you fell asleep. You were drunk. You went to bed. I don't know. You were sick. You didn't get out of it friday You that will convert into shares into the next week that you will own the stock whatever you bought I think that's what jeff is saying But no one should ever be doing that because we're actively trading that means you gotta get in and you gotta get out I think that's what you mean Yeah, is there a prop firm that will let you trade options none that I know of But there's could be one out there Thank you very much. You've hired me a lot. Thank you for your time and advice. You're thinking you think about it and i'm bright I am right sergio. You got it. You got to join. You got to save up the money and join um My suggestion you don't you don't need a prop firm though to treat options janar because wait You can open up an account with two thousand dollars, which is a small amount of money You're not going to get anything cheaper at a prop for a prop firm is going to make you put up 2500 So you can go retail and open up a cash account At any place you want to in the us retail Options for two grand. So you don't I don't know why you want a prop account to do options The prop is margin for under 25 000 And really you need more than that because if you if you lose a penny at 24 9999 they're going to show you off So you need Okay, more than 25 000 or you go prop for margin options. You can go retail You can open up an account tomorrow walk into a branch anywhere. Bing bam boom deposit two thousand dollars You can trade like that fill out the paperwork You don't you don't you can open up a small options account And I would have set it up as a cash account So you don't have restrictions about how many trades you're getting to get out And so jeff was asking about This thing that thing we're not long-term investors You're trying to make money now today tomorrow this week by friday. You want to buy christmas presents In a couple of months a couple of weeks you want to buy take advantage of the sales columbus days coming up You are making money right now That's what you want to do You don't want to buy the stock and hold it until 2025 and why would you want to do that anyways? Who knows what's can you look at this? Look at this market. Why would you even do you think that anybody like it's crazy to think about that? I mean again, if you're young and you're in long-term retirement, it's like Think about what can happen next year if we have an election year We're in a higher rising interest rate environment. It's like do you really want to be trading for a long time right now anyways? Do you know what i'm saying? I mean even if you Liked that type of trading and we're more acclimated to that I don't think that's probably the best thing for you to be doing right now Uh, sergio has to continue with your studies Yeah, you can you can sign out if you got to go sergio if it's late for you, of course um The pdv only applies if you're in out the same day if you hold overnight the pdv is not a factor um Well, I if you have that's right if you have if you want to be in out in out in out Then you have to have a margin account or you if you have an options account you have it set up as cash Or something else i was going to say and I forgot anyways, there's plenty of different You can find what works for you is the point So you say okay. I have this much money now. What do we do? If you don't if you don't know I can tell you or you call a broker and find out But there's plenty of ways to do it And figure it out is my point To make it work for you Okay Anyways, this was a good week considering we didn't have we had one day. I lost I started out the week down And then I had two days. I didn't even train so You know it's this is this is probably like Not even a good week considering Do you know what I mean? We had we had a better week trading options last week just because I was in things since from the week before You know but earnings season will have a lot of day trades and again that starts in october So getting back to the topic here if you want to consistently make a lot of money in the market The only way that will happen is if you have number one a high winning strategy Number two good money management and three a good mentor to follow and I think that helps people I sent out an email today. It had a room day on it. Whatever day it was I forget where I taped the room and I talked people through the trade Have conviction have conviction have conviction Because at the end of the day if you if you if you want to do this You need conviction at what you're doing if you don't have conviction You either don't understand what to do or again like I said you have too much risk on But time of the day is key Very very important again We trade in the morning and you could do this from home, which is nice like it's been pouring raining all day today If I had to get on the train If I worked somewhere in Manhattan if I had to work downtown at wall street If I had to work at the Nasdaq and I'd take the train today I'd be sopping wet to go by the time I should have at work I'd be in a miserable mood probably from that and I'd be I'd be sopping wet coming home It's been pouring pouring buckets all day in Manhattan today all weekend actually So it's so nice to have to work from home and it's just like so like I've lovely lighting on I can Just do my own thing here. It's warm. I don't have to go out in the pouring down rain So trading is about chunking it out. It's income generation trading trading trading And you're doing it and you're chunking it out by booking the money and that's how you're getting somewhere And again, I talked about this you have to believe Number one in yourself, but you have to believe it's possible You can make money from market It is and I think like I said a lot of people realize that and if you don't if you don't anymore Then you shouldn't you shouldn't continue trading is my point because I mean you're sort of like going into the market with a negative attitude Then how do you expect to be successful? You can do this and I think it helps if you get someone's help which obviously You know my job is to teach people and help people that come and pay me for the class You're paying me for my information and you're also paying me for my time So empower yourself to trade the market if you're interested you can take the class the class is this weekend for its september class, but saturday is september 30th and sunday is october 1st The golden gap course teaches a 26 point rating system to find the best stock to trade each day The course also teaches you how to enter and exit the stock on the day The course teaches you price analysis and technical analysis on an advanced level It teaches one solid strategy to trade gaps effectively by reading the side of power in charts It teaches how to read support and resistance to take positions in the right direction It teaches a more proficient and advanced way to read charts Focusing on technical analysis and gaps and it teaches 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 So the class is online you can be anywhere in the world and take it It's a full two-day course on how to strategically find pick-and-play stocks that are professional bearish gaps and again the class is this weekend 9 30 and 10 1 from 9 a.m. To 5 p.m. Eastern time. I'm running a fall special that's going on through this friday Friday is also the deadline to sign up take the class anyways There's only three more classes left this year If you get in and learn this class you can get in and start trading for earning season because the next class Is an until the end of october So if you sign up by friday, you will get the trading room free Till the end of the year the options newsletter free to the end of the year and the market report free till the end of the year The class tuition is only $69.99 and everyone pays the same Uh, thank you. Thank you Sergio any other questions from anyone So again, I have no idea where we go this week because it could be another volatile week We have some big data out tomorrow morning And we have drone pal talking thursday, so it's going to be a wild week But remember volatility allows for opportunity if you know how to play it if you don't Then you may not have a good week I don't know what to tell you but you know again if you don't know what to do I say take a step back Any questions? I see some familiar faces if you want to ask me questions. I'm here now How's everyone doing? Good lecture. Thank you Definitely feels like fall with this weather in new york the last three days Jamar, do you look now? Do you have any other questions for me? It's hard to believe that It's actually Three months from today until christmas September 25th. It's I mean this year is just going so fast But you know, I'm really looking forward to the fall because we've had such a great great month trading If you have any other questions email me at melissa at thestockswish.com again Um, oh, I don't have my email here. It's melissa at Thestopswish.com. We have another question jergen. I recognize you Um, I I break the gap. That's the whole process I go through in the morning That's what I was talking about. That's what you come and learn in the class That's the 26 point system That takes you a weekend to learn I know you've been wanting to sign up for a while now jergen I know you've been saving up to sign up You know, if it helps people you can put the class on more than one credit card as long as you pay the same day If that helps you some of you have been following me for a long time and I I hope you join. I think some of you missed out not doing the class last month With the month that we had I think I think people are are so You know get into this rut, you know about learning stuff, but Learning is fun and it's exciting When you put the information to good use And then you start trading and making money and then the cost of the class once you realize that the system works You don't worry about it anymore. But of course, you're not going to know that you do the class and you start trading So that's that's the risk you take in life. It's like I moved a year ago I didn't know I was taking a chance what What it was going to be like living. I'm going to be in a whole new neighborhood a whole new building as it turns out It's better than expected and very often that is the case in life when you're willing to take risk I had a situation in my last building I was living in the building and people were smoking pot and the smell was coming It was 24 seven. It was in the middle of the night. It was and it smelled like a skunk It was so awful and I said to myself, oh my god, I'm moving and what if there's somebody smoking pot 24 hours a day in this building What am I going to do? You know, I felt confident that it was so much of a nicer building that I wouldn't have to deal with that But you never know I also wanted moving in a new neighborhood. You don't know the neighborhood You don't know the things that go on But I made a great decision and it was better off So you take chances in life to better your life. Otherwise you can't better your life And that's this is the process of going through Decisions in life whatever they are whether it's taking a trading class whether it's moving Whether it's getting married anything anything. It's a big decision that you do you gotta be willing to take risk But if you're not willing to take risk You can't you can't make your life any better any other questions from anyone Good questions today Feel free to email me if you have any other questions. Have a wonderful evening everyone Stay warm and dry You're welcome