 Hello everyone again and welcome. You start in three minutes. Melissa Armol is here with us today. Starts promptly in three minutes and you can call a big pop of money. You can call a big pop of money or just big papa. I love it. All right everyone thank you and welcome. This is online trader central. Again we start promptly in just now three minutes. It's 4.27. This is 7. We start in three minutes. Thank you again everyone and welcome. That was a little snippet of Jerry Lee Lewis for those of you who are old enough to remember that probably nobody has other than me. But we do want to thank each and every one of you. Again we start promptly in just two minutes. Start time in two minutes after you're not that old. All right. Okay everyone thank you and welcome. We start in two minutes. Last folks to join. That one two three. Mark yes. Yes. Turbo and others. This is online trader central. Kathy now you need to be truthful. You know the truth is very important. Just remember the jack and tom jack. You want answers. I think I'm entitled. You want answers. I want the truth. You can't handle the truth. Mr. Rogers think that was ten or six. Okay enough of this foolishness. All right ladies and gentlemen this is online trader central. Melissa is here with us today and we start promptly in just one minute. We do see the folks who are still registering hitting the server. But we want to start on time. We try to start on time. We try to hand on time. Last folks to join now Russ and John D. Thank you and welcome. This is online trader central. Again we welcome each and every one of you. This is 429 eastern time here in the Boston area. If you try to start on time. So let me see if I can round up the percussion. Okay and with that ladies and gentlemen it is exactly 430 eastern time here in the Boston area. Please put your hands together and welcome from the stock exchange. Please welcome your host. Thank you so much Kevin and welcome everyone. Welcome to today's lecture. My name is Melissa Armo and I own a company called the Stocks Wush LLC. And today is a very exciting lecture because it's one of my favorite topics which is how to trade on the side of institutional money. This is something that a lot of people I think want to know about and think about vaguely but don't really talk about amongst their friends or other traders because they're really not sure how to read this. So we're going to do a lot of teaching today. I have a lot of charts in this lecture. So let's get started. If you'd like more information you can go to my website at thestockswush.com or feel free to email me after the lecture at melissa at thestockswush.com as well. So really ask yourself and I'm sure there's a reason that you're here today. Do you want a career where you can earn more money? You might be trading right now full-time, you might be trading part-time, you might not be trading at all but you actually want to investigate it because you're interested in doing something where you can earn more money. And ultimately it's really about change. Going into the fall of this year 2013, coming into the beginning of 2014, many, many people are thinking about making changes in their life and you've got to sometimes change what you are doing if you want to see improvements to your trading or your life. And really if not now when? It's about change. If you continue doing the same actions then you can only expect the same results. If you want different results in your trading and your life then change is required and not only that it is necessary. Okay? So if you want to be more successful in the market and in life then learning a trading system that will bring about the financial results you've been looking for is really what you have to focus on. So change what you're doing and the sooner the better. So let's start by looking at things from a brand new vantage point like this guy here. He's way up in the sky, he's floating on the cloud. He's looking at things, he's looking down at the earth and he's looking from a new vantage point. A vantage point that is advantageous to spot opportunity and opportunity in the market. Opportunity can translate into money if you know what to do with it in the stock market. So really it's about a foundation which I have found in my own personal training and now I'm teaching to people and this is what we're going to talk about today. It's the cornerstone of success in the market. One of the cornerstones to everlasting trading success and longevity is consistency and I think many people here probably already know that but I'm here to remind you today because without this it is hard to stay in the market for any length of time. In order to be consistent a person needs proper focus on what counts, what's really going to pay you. If you've been dreaming of being successful in the market for years but the success has eluded you then stop and consider why. It's time to elevate yourself and your trading to a brand new level and what better time to do than going into the fall of this year. This requires a deeper understanding, a better comprehension and an overall wider perspective of what makes individual success possible for a trader or investor in the stock market. Trader Thomas is saying he can't see anything Kathy and Kevin. Can everyone see my pointer here? Can everyone see this pointer? Let me know. Trader Thomas is having some some hot com issues it looks like. If you can let me know. So this is really the number one way to trade that we're going to talk about today and is following the institutional money. This lecture has a very powerful message. The message is you've got to become a specialist in reading institutional money. In order to become successful in the market you have to become a specialist okay. A specialist in reading institutional money or what I call power money in the market. This is the name I just made up. This is power money and this brings momentum and opportunity for you as an individual to trade. Every trader in every level must learn this skill set. It can be acquired with education and you've got to learn what to look for. Institutional money is in charge. A big flow of money going in a certain direction is what moves to the market. Stocks and creates momentum and also sets trends in charts. When you are looking for institutional money you're really reading the side of the power in stock. You want to be on the side of the power in order for you to make money trading. Institutional money is in charge in the market and stocks at all times. I must be clear about this. At all times even if you think it's not it is and I'm going to show you some charts today. It's in charge always, always, always, always. I put a chart here of the market in today's lecture. This is actually a current chart clipping from today. I have been reading the market bullishly for months and how have I been able to do that? Even this big red topping tail we had here, the pulling we had here, this topiness we had here, which we're going to break over by the way. All along the way here I've been reading this and calling the market bullishly because I'm reading what's happening in the gaps. We are higher this year in the overall market and I had a conversation with someone yesterday that made me want to talk about this in detail today about the QQQs because he said to me, this is a friend, he said, you know what? We've been running up so long now we're just we're extended. I plopped this bigger picture here of the market for you to see that we are not extended. Yes I do do intraday trades, John. We're going to talk about that. We are going to talk about that. So we're not extended here in the QQs. We're not extending the market. We've barely just begun. Do you see this here? We have barely just begun. In fact this rallied up here based out and rested. Rallied up here we rested and rested and rested. We ran up here, this is 2012, came down, rested. Rallied up and came down and rested, rested, rested, rested and pushing higher. Every time we rest in here, every time we rest in here, we are getting ready to make another leg up. So we're not extended. Okay this, here's an example of extension. This, doom, it's all the way up here. This was back in 2000 and 2000, 1999, 2000. The market went almost vertical straight up. This is extended. Okay. This is not extended. This is actually a nice, consistent move going forward and what is making this? This is power of money. This is power of money that's buying in the market. So when you see things like this, if you're thinking the market's coming in or it's top, they are pulling. That's it. We're going to break over this area and no one should be shorting anything in here. Okay. We are higher this year until otherwise noted unless we would change our trend, which we are not doing right now. And so how am I reading all of this? I'm reading the institutional money that's coming into the market and it's moving so nice and so smooth and so clean. This gap up that happened here back in July is holding incredibly well and we were one, two, three, four, five, six, seven, eight, nine, 10, 11, 12, 13. 13 days up in the market and the market gapped up and this gap is beautiful and is going to hold. Now, how do I know all of this? Because I read gaps. This is what we're going to talk about today and this is institutional buying that came in, that came in right here and it's holding and it's going to move us higher. So you have to understand what's going on in the overall trend of the footprints of money. Read the footprints of institutional money. They're in the market. John's asking about intraday trading. Yes, that's what I do. I'm a day trader. However, I'm reading the overall trend in the market and in stocks. I'm trading to help assist me to make a lot of money as a day trader. This is how you do it. You have to look at the bigger picture. So how can you read the side of power? Where is it located? To get paid in any regard, intraday, day trading, swing trading, court trading, you've got to be with the side of the institutions. You have to be with the side of the power and how do you read it in gaps? Gaps are a secret ingredient in charts that many, many people overlook and yet they hold a lot of significance. Gaps make the trend. They set the trend and they continue the trend in stocks and the market. They set the trend because they are definitive and demonstrative change and show a price in what is called an event. Gaps are a real show of the power of money. Gaps either continue the trend or in fact change the trend, which is very important too. If you follow the gap, you'll be following the power of money. So it's about institutional money which happens in gaps. There is only one thing and one thing only that can move the direction of a stock, money. Not a little money but a lot of money or what I call power of money. Power of money is in charge. Power of money is in charge of the stock's direction. Power of money is in charge of the market. Trends are set and moved by the power of money people of which there is a lot of in the market. There is a lot of these people in the market and if all of us in here and everybody, everybody in every trading room got together and if we all traded and I called a trader and we all took it together, we wouldn't move anything a boot. This power of money is what moves everything and no amount of individual traders will ever move anything like this power of money and that's why you got to trade with it and that's why you can trade with it and make money. Even as one person, even if we all got together, it wouldn't matter. The amazing thing is that it's negative as traders and analysts talk about the power of money people, they are the reason that one individual that you and me can be successful in the market and I am so grateful for them because it wouldn't be for them. I wouldn't be able to see things clearly like I do. Trade accurately like I do and make money consistently like I do. It is because of this because it's so clear to see this that we're able to make money. It's in the gaps. Gaps happen in the market on a regular basis. However, some gaps are better than others. Some gaps are what I call nothing gaps and some gaps are very powerful displays of institutional money. We're going to go over some examples. The most important gaps in the market are gaps that signify a change in direction or a bigger move in the same direction and that's what happened in the bullish gap that happened in the market in July. Understanding which gaps are meaningful and which gaps are not meaningful in the market will help you to know what to do and when a change is occurring. So gaps have to be qualified by using a checklist. This is how I do it. I go through a checklist in the morning of a rating system. I look at 26 points and this checklist tells me what to look for in the price of the stock and the gap. So it's about learning a way to read the side of power and the momentum. Here's an example of Facebook. I've been talking about Facebook for a while now. Ever since it fell off the planet when the IPO came out and now again here it's been very interesting to discuss even in the last two months. Facebook back here in July closed. This is the day before the earnings in July 24th at 2651. The earnings came out overnight and the next morning it opened up here at 3354. This is on July 25th. This is a bullish gap. This is a display of number one power and money and momentum. There is nothing, nothing, nothing, nothing but power and money that can make a stock be down here at 2650 and open up here and hold, beautifully by the way, at 3354, which this gap is going to hold. So here's an example of power and money. Power and money that has now changed the trend in the direction of the stock and the stock is going to break out to all-time highs probably before the end of the year. It's already gotten over the IPO price which was 42, 05. This is an example of institutional buying. What would make this power money? So what do you do as an intraday trader? You buy it. You buy the gap. You buy it right there. You buy it on the day. You buy it as a swing trade. You buy it as a core trade. Look at how beautifully it's carried up through here and even when it came down in here it held, held and followed on through. And all this is going on and it's fantastic. This is momentum. This is how you make money and make money easily by the way. So you've got to learn what institutional buying looks like. Here's an example of a charted and uptrend. This is TWC. Look at the nice, fat, green bars of this stock and an uptrend. From this first gap that happened back here in June, June 14th, this is a $10 bar. $10. Now this stock does move pretty, pretty big. This is over $100 price point, but still this is a ginemungous bar for this chart. It's a gap up. It's a beautiful gap up and a buy setup followed on through. Low of this bar is $95.79. From this date here in June 14th, all the way up through here, the stock is now about at $1.21. So the stock has moved $25 higher. Like 25% of its price grew basically overnight in a month. Look, this is institutional buying. This is a gap. This is a gap. This is a gap. Beautiful. Okay, this is what institutional buying looks like. What is not institutional buying? Well, let's look at an example. A&F. A&F gap down here. This is back in August. I watched it. It was actually a nice gap that I wanted to short. Didn't set up right. What happened? It opened down here. This is an August 22nd at $37. Ran up here $2. Now it's a $2 bar. Yes, I see the $2 bar. But this is not institutional buying. What's going on here when this thing is happening? It's short covering. People that are short the stock, that have been short the stock in A&F, that are covering the short here, they are taking profits. It's profit taking from the short side. This is not institutional buying, even though it's a green bar. Now, how do I know this? Because I know how to re-gaps. And what happened? Lick any split within two to three days afterwards. It didn't go over this high. Drop down, broke the gap, fell on through, and down here in the low, it's like broken $35 since then. And the open here was $37. So do you see the follow through? This is not institutional buying. This is short covering. And you have to understand with the difference what it looks like. So learn what institutional selling looks like. Selling meaning people selling out of the stock or actually even shorting the stock. Institutions are allowed to take positions short. Here's another great example of something that is falling off a cliff. This is Jack. Jack the night before the gap up here closed at $11.48. Literally, the next day, it closed after the gap closed on this day, this giant mungus bar, the biggest bar in the chart, closed at $6.90. In this month's time, the stock is worth less than $5 now, like around $5. All of this happening just from the gap. Here's an example of institutional selling and shorting. Exiting the stock, people that are long and actually want entries short to move it down. Here is an example of institutional selling. And you see the way it's just bled and fallen off the face of the planet. So here's an example. What is not institutional selling? Another big giant mungus red bar, but this is QCOR. This is not institutional selling. How do I know? I'm reading the gaps. Here's where the stock closed here. This is back in June at $36.71. The stock gapped up. Gapped up here. It opened at $50. It gapped up $14 over a night. Had a big red bar, but this is not institutional selling. This is just profit-taking from the stock being in an uptrend. And guess what happens? Within less than a month, the stock gaps up again. So where it opened here on this gap, which is a bullish gap, and a go on by the way, it just went right on the day. So you don't trade it as a buy. You could have bought this for a Swingercore trade. It's a good gap. And it carries on through up here. And all of a sudden now a gap's up here to $59.75. And look, it's at all-time highs. It ran over $75 almost. So, you know, ultimately, all in all, you can see here how it looks and what everything sets up as. This is not institutional selling. John is saying institutions cannot afford to be in $11 stocks. That's false. Absolutely false. They are buying these things. They are selling these things. They are shorting these things. I don't know where you heard of that. That's false. Okay? You want to be with institutions and they are trading stocks like this at these price points. $8 price points, $10 price points, $60 price points all over the place. They're doing it. So the key to large profits and ultimate trading success is in training with power and money. Institutions are wanting to make money any way they can. It doesn't matter the price of the stock. They want to make money, whatever it is, something that moves, something momentum, something they want to get in, whatever reason they want to get in. And I've seen institutions moving stocks that are at a $3 price point. Okay? Farmers, a lot of farmers actually at those price points when they fall off the cliff. So think intellectually. This is about using your brain and recognize that institutions can help you make money. They are not against you. Okay? They are there to assist you to help you make money if you know how to read them. The thing is that many, many people don't. But if you want to make real money in the market, you've got to learn how to read it. So learn to trade a system that can read the side of institutional power and focus on the right information. The most valuable information for people to trade can be found in reading price action and gaps. Understanding chart reading of gaps and how important the patterns of price are in the market will assist you in being profitable. Reading power and money when it sets up will help give you conviction to trade, and this helps you take risks. Seeing when and where the power and money positions are getting in is like finding a goldmine. Okay? Because you want to see it and get in it before it has the momentum and moves. Seeing gaps clearly and how they are creating trends, changing trends, and making momentum is a very powerful way to trade. You can use this information to enter trades yourself so you can get paid along with the power and money moves that are happening in the market. Because once they press the button, it's go time. As soon as they press the power button, like when Facebook was bought, that's it. It's go time. Get in. Boom. Go time. Jay is asking me what are the fundamentals behind these gaps? I don't read fundamentals and gaps. You can do that. However, I'm focusing on the price. The danger, if you want to read fundamentals, is that you don't focus on the price and you focus too much on the fundamentals, and if they don't jive, then you'll make an incorrect decision. At the end of the day, you've got to read what's going on real time at the price of a chart of a stock based on the technicals, which is how I trade. If the fundamentals assist you in getting conviction, read them, do them, trade with it. But if you make a decision based on fundamentals and it goes against what the price is, you may air and lose money in your trades. So I tell people, focus on the price. If it helps you, do the fundamentals too. I don't, and I don't actually need them to trade. You don't really need them to trade. Trading with power and money is the easiest money for you to make in the market, because profits add up quickly, specifically when you're in stuff that moves. This is how it feels like some days I get in stuff and it's like, they just go so quickly. It's like making money, like growing on trees. And it's really just because you're getting in with the momentum. You're getting in with the power of money and they move stuff. They move it quickly and you can book money fast. So let's talk about this ARL. This was one of these things that even I, even though I raided the gap in the morning and I took this trade and I played this thing. When I went back and saw the money I made it on the day and took this trade and looked at it and talked about it. I really, even myself just, you know, it was such a great example of the power of institutional money almost that I just, I had to do a talk on it. So we're going to talk about this today. ARL gapped down a couple of weeks ago in August. Okay. This was in August 23rd. ARL was 16 days down when a gap like here, 16 days down in Canada. Now there are many, many different people that trade gaps out there. People think the gaps fill themselves. That is incorrect. It does not work. It's wrong. It's a wrong way to trade gaps. People also do something called novice gaps. I don't do those. They go against the trend. And that's exactly what many, many people were trying to do. There were day traders, day traders, not professionals in this gap. I raided the gap. The gap raided according to my rating system to trade to short. I aggressively shorted this. I'm going to show you the trade. It was a thing of beauty. It raided per my system so I did it. And it was 16 days down. Okay. So you think that something's too far? The answer is no. You think it's too far up, too far down, too extended up, too extended down. The answer is no. Trends continue themselves until they don't. That is the fact. Whoever said that the trend is your friend was not wrong. You do know how to have to read trends and how to do that in gaps. But the fact is that this stock was in a downtrend. And the gap down here continued the trend. And it broke. So what happened here was a dump, an absolute dump. The last of the Mohicans, anybody that was long the stock dumped it on the day and traders, traders kept trying to buy it. I know because I talked to people and they were losing their shirts. And I was in it short in the beginning of the day. And I'm going to show you the trade. So it was actually not only a dump of people that were still long the stock that should never have still been long it. It was actually people that took new positions in the short. In fact, this is what John was talking about. This is shorting is going on in here. Shorting is going on in here. So people are asking some questions here. Let me just answer these before I move forward. Fundamentals work in a different timeframe. Ames is saying, yeah, again, I'm not anti-fundamentals. Do it if you want to, but just don't ignore the price. That's the point I'm trying to make. Randy is saying, do you focus more on gaps? I focus only on gaps. Gaps is the only strategy that I train. It's the one thing that tells me how to read the institutional money. It's the one thing that has momentum behind it. And I have 100% conviction in trading them and nothing else actually. So anyways, here, let's look at this. The night before at August 22nd, it closed here, 10.98. Now it gaps down here. This is the next day. It opens at 9.37. So right here, it's almost a $2 gap and it's 16 days down. Talk about conviction. And I shorted this thing too. The current price as of yesterday, I didn't clip it from today, was like $7.84. So if you see here, this idea of a gap fill is absolutely ridiculous. This is continuing and actually this is new. New people in this. You can tell. You can tell when you are in something. When you are in something long, when you are in something short, you can tell when you fill power because you get in the position and you don't even have to do anything and you're out money if you're in in the right direction. That's the way this thing really played out. It just fell off a cliff. So this is how you tell where the power is. So I want to just go over this here because if you don't understand how to read power, here's where people were trying to think that this was going to go higher and buy it. Why? The stock opened here when green had this one green bar here and went up 20 cents. Now if you went aggressively buy this, you would buy this here, but the stock went to the lower of the debt. But that's not how I looked at it. I'm going to show you the trade on a one minute chart, Ames, because that's how I took the trade. I'm going to show you on a one minute. Jay is asking good questions about high frequency trading robots and basically machines. You know what? I did have something in here about this today, but I had so many other charts that I took it out of the slide presentation. If we have time, we can go over to the trading room when we're done here tonight and I can show you live some things about machines because I did have some things about that and I think that's what you're referring to. We can talk about the end if we have time. So anyways, here people were trying to buy this and it wasn't a buy, but I just want to show you here. The stock, this is basically did a pop. It went boop and that's it. So a couple people that had shorted this in here pre-market, they made this little topping tail here. This is what this is. That topping tail is this green bar here and the red one coming back down on top of it. It's a few people that did a pre-market short that covered. And guess what happened to everybody else? More selling, more dumping, more shorting came into the stock and then I was in the trade. So this thing was so weak. So, so, so, so, so, so weak. It got down $2, it ran down 16 days and barely a pop is all it had to give. So this is momentum. Do you see this is institutional selling. It's institutional selling and it's also shorting too. It's everything. Let me answer, let me get through some of this big pop up. But Papa's asking me some questions and some other people too. Let me go through this ARO trade and then we'll talk about some of your questions here in a little bit. Just hang with me here. I want to show you how this stock here, this is a one minute chart of ARO closed. I squished it together here so you could see the stock never got a rally the whole day. What does that mean? That means that people shorted this and didn't barely cover any of their trades to the downside. It means it got continuous selling all day. It means if you try to buy this as a novice gap or gap fill and you tried to buy it anywhere in here, anywhere in here, any support area in here, anywhere you tried to buy it, you got stopped out and that's what also continued it down. This bled, it absolutely bled into the close. It actually closed under the whole number. It closed under nine bucks. That's how weak it was. Rallyed a teeny weeny bit the next day over nine and fell off a cliff here where it's at here now. Do you see it? Look at the moving averages. Everything's pointing to talk about things going down fast. Here it is. There it is. Here was the play. Here was the play in ARO. This is a one minute chart and someone had asked about the five minute. I really traded a one minute chart in the morning. You get better entries. You get better risk to reward and the setups are clearer for me. Honestly, it's aggressive, but these gaps do tend to set up right a ways in the beginning of the day between the first five to 15 minutes of the day. If I'm not in something by 10 o'clock, then I'm probably not in something because there's no directional momentum that's going to happen on the day. I just do something else. The entry time is 936. The price was 933. The stop was over 942. It was a nine cent risk. Again, you can risk whatever amount of money you're comfortable with. I'm going to show some beginner examples. If you took 5,000 shares, which you very well could have done, stocked plenty of volume in it. $450 was a risk. The exit wasn't even at the low of the day, but the proper exit was down into the drop there at $875. The total profit you could have made was $2,900. The risk to reward is 6.4 times the amount was made in profit. This is to the downside. Again, quality, quality trades provide good risk to reward. How do you get that? You're getting the momentum moves that are happening by the institutional selling and shorting that's going on in the stock. Here's the beginning of the day. This is 930, 931, 932. A couple of people covered. That's it. Shows that it's not going any higher. Rallies 20 cents. 933, 934, 935, 936. Boom, you're in. Stop over here. It breaks and it just falls. It falls and drops off a cliff. You're looking to get out somewhere into the room next to reversal time. Somewhere between 10 o'clock and 1030. I don't trade the afternoon. I'm usually flattened out of everything by no later than 11 o'clock. But the stock actually continued more in the day and I think the low was like 859. Beautiful trade. Again, the risk to reward is over 6 times the amount that you risk. If you're a beginner trader and you don't want to risk $450 that you're new to this, if you only risk $45, $45, you just took 500 shares. You say to yourself, wait a minute, this thing, I'm so new to this. Let me just figure this out and make sure this is really going to have the momentum in here. It's really going to be assured. It looks like assured to me, but let me just make sure. I'm not going to risk that much, you say to yourself. $45, if you'd risk that, you would have made $290. $290, just risking $45 and you put him in a stop and if the trade fails, then you take the loss. You lose 45 bucks. Either way, whatever you risk, it doesn't matter. It's the idea that the risk to reward pays your 6.4. How do you get quality trains like this? The setups, the stops, the clarity in the entry, the risk to reward, the momentum, all of this, it's because of institutional money, whichever direction you want to take it, whether it's bullish gaps or bearish gaps, it doesn't matter. But when you read the side of the power of money, right, these are the kinds of quality trades you're going to get. And to be honest with you, ARO really was a swing trade and is actually a core trade. And I had clipped this last week on August 30th. The swing trade I had in here to get to this target, which it hadn't yet, the swing trade target was $8. Yesterday, it broke it. It got to it in basically a week. It got to the swing trade target in a week, like an absolute perfect, perfect thing. Count the number of days down. This is 16, 17, 18, 19, 20, 21, 22, 23, 23 days down and that includes a $2 gap. So if you had taken your position and taken it as a swing trade with 100% conviction because you rated the gap, you understand gaps, you understand power and money, you understand that this is a new opportunity here, opportunity to make money. You take the position, the stock breaks, people are trying to buy it as an obvious gap, but you're with the institutions, you get the move. It goes to the swing trade target within five cents. And it actually broke, like I said yesterday. You could have made 14 times the amount in basically a week from the day of the gap, week and a half. So if you had risked $450, you could have made over $6,000. Risked her worth is 14 times. Again, you can't do this unless you know what to do. You have to understand gaps. You have to understand power and money, but you got paid so easily here. All you did was take the trade and held it through. And look, it broke and broke and broke and broke and broke. Okay? Trading with the trend. Trading with the trend and trading with the side of the power. And here's the core trade. Core trade target is $6. Now, I don't know when it's going to get here. A core trade is something that you're in for a longer term. It's not like a swing trade. Swing trades you're in for a week to two weeks. You're looking for a certain target, which this did it. But a core trade, you could be in for a month or longer. I don't even think it's going to take that, though, to get this to the $6 area. But do you see how if you don't understand how to read trends or gaps when this gap happened, here it was, you're squished together. You might have thought this was a buy. You might have thought this was a buy to support down in here in this double bottom, but the fact is it wasn't. How do I know? Because I understand gaps and I have a system where I rate gaps and I'm rating the gaps based on the price. It's all based on technical analysis. It's all based on price action reading. The price of the gap and how I'm reading it in the chart is telling me that this is a short, not a buy here in the double bottom, not a buy at support, and that the stock is going to keep breaking. The core trade on this is close. I mean, it's a dollar, something away now after the last two days. And if it gets there, you will make 37 times the amount risk to profit when it hits that core target. You can make over 16 grand, and it's not that even that far away. This isn't even one of those dreamy, dreamy, dreamy targets you'd even have to wait a million years for. I mean, this is a very realistic core target on this arrow at $6. Of course, there's other targets if you want to be in this for longer, but you have to be realistic about some of these things too. And we're in a bullish market, you know? And look at this. We're in a bullish market and look at this thing. It's falling and falling and falling. So it's really power money that's making it. Power money sets the trend and continues it for larger moves, and that's the beautiful thing about it. You're going to ask yourself, do you want to be different or do you want to be like everybody else? Do you want to have an edge or do you want to be like everybody else? This peacock is different. He looks amazing. He looks beautiful. He's not a normal bird. He doesn't look like everybody else. And by golly, he stands out, but he's got an edge. He's noticed wherever he goes, people look at him, people talk to him. He gets a lot of attention. If you want to be a good trader and make a lot of money, then you've got to trade with an edge, and that means you're going to have to be different. You're going to have to decide that you actually want to be with these institutions and that they're not against you. And neither are the machines. And I do want to talk about Jay's point about the machines, too. The answer is yes. You want to have an edge. You want to be different. You don't want to be like anyone else. You want to read stuff and be with the institutions. Learn how to read the footprints of power because trading with that is going to help you make money and make money easily. And as far as I'm concerned, this is the only real way to trade, to be consistently profitable in the market. There are so many things out there. So you could spend years looking at stuff, reading books and taking classes and doing all kinds of things. At the end of the day, you have got to get paid. And how are you going to do that? Momentum that comes as easy as you can possibly make it that makes sense. And this happens by being with the institutional money. And luckily, what shows that is what happens in gaps. So remember, gain a vantage point that shows you opportunity, which happens in gaps because of the price. So learn how to earn money. It's one thing. It's great to have money. It's great if you have money. If you have money to trade, great. But if you don't know how to earn money, then the money that you have is going to go away quickly. The earning, the earning power, the knowing how to earn it, that's what really counts. Earning power is what counts, knowing what to do, knowing how to earn it. If you know how to do what you have to do to make the money in the market, you can get up and duplicate it every single day. If you don't know how to do it, the money that you have is a fixed amount. It will be gone quickly. You need to learn what to do to earn it. Earning power is more important than having. This is really important. If you want to trade for living, you can do it from the comfort of your own home. I need a computer. It's one of these really nice careers where you can do it in the morning like I do. Trade for an hour or two and you're done. And you can do it from home. So I teach a class teaching people how to rate gaps and find gaps that are gaps to play like I just showed you today. It's called the Golden Gap Course. The Golden Gap Course teaches a 26-point rating system to find the best stock to trade each day, the one that has the institutional power behind it. The course also teaches you how to enter and exit the stock on the day like I showed you in the examples because that's important too. That's how you're getting the risk to reward. The course teaches price analysis and technical analysis on an advanced level. And again, everything I do is based on technical analysis and everything is based on price action reading. That's what's telling me what's happening. Because at the end of the day, how do you tell when something like Facebook is going to be a buy, you read the price. Just like you knew when the IPO opened and it gap down the next day after the IPO and fell off a cliff that nobody wanted it. So rate fundamentals if you want to, but don't ignore the price. And the price is what's going to take you hard to trade. And this is how I do it. And you don't really need to read anything with fundamentals if you know how to read price extremely well and on an advanced level. So I do look at a lot of things in the morning, but after you learn how to do it, you can figure it out quickly. It doesn't take a lot of time. You rate the gap in the morning, you look at the price the stock is gapping at and I go through a 26-point checklist. Again, this is a system. I'm a specialist in what I do. This is how to make money consistently in the market. You look for one strategy and you become a specialist in it and you become a specialist in reading institutional money to be with those people. The class is called the Golden Gap Course. 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 because if you're not in the right direction, you're not going to be able to get paid. You've got to get paid in the right direction. Big Papa Money has asked me a question here quick. He trains the German Futures at night. I've never traded German Futures, Big Papa, so I don't know if this would work for that or not. To be honest with you, I can only say for 100% certainty what I'm doing now, which is in the US stock market, trading stocks in the NASDAQ and the New York Stock Exchange, but you certainly could investigate it and you could email me if you would like to ask me questions about it too. The class teaches a more proficient and advanced way to read charts by focusing on technical analysis and gaps, not thinking because something's extended, it's going to come in or get filled or any of that. It's really reading what's happening in the price and the overall analysis. And the class teaches how to get conviction. Conviction in your training to take these trades, to do them, and to do them with the market as a source of wealth by trading with the side of power for consistent profit. And here's my email, Big Papa, since you're saying you have to go. You can email me later. So the class is called the Golden Gap course. It is a two-day full course on how to strategically find, pick, and play stocks that are professional, get bearish gaps. Retakes are free. Once you take the class, you can retake it as many times as you need to. And if you're interested in the information, email me at melissa at thestockswish.com. It is a complete system to use to trade. What do I mean by complete? The strategy, the rating system to determine the stock pick, the entries, the exits, the targets, analysis of support and resistance, understanding what's happening in the overall trend. Let me get through this year and then I will answer a couple questions here that people are asking me. The Golden Gap course is going to be September 14th and 15th from 9 a.m to 5 p.m eastern time. The cost is $24.99. If you're interested, email me at melissa at thestockswish.com. Now, Three Crows is asking me how I scan for gaps. You can scan for gaps a million ways. Three Crows, anybody that has a platform. Every single platform in existence has a top 20 up and down gap list in the platform. You're paying for the platform, you're paying for the software, use it. Use it. Everyone has it. A top 20 up and down list for both exchanges in there. That you can use because you're paying for it. You can also go to free websites like Yahoo Finance, NASDAQ.com. You can buy a scanner if you want to. There's so many things you can use. There's free things you can use without paying for anything. And you are paying for your platform if you're ready to have a live trading account. So use that because they're going to be on there. But it's actually free sites you can use. So you really don't have to pay for anything but you're going to find the gaps and you're going to have to go through and rate the gaps after you find the ones that are gapping and then you go through and rate them. Bob is saying, how do you know when institutions are buying or selling in order to manipulate the price to their advantage? All right, let's talk about, give me one minute, Bob, because I'm going to talk about that with the machine question the J had answered. I think of that all my discussion and that's going to tie in together. So let me just finish this up this here and then anybody has any other questions before we talk about the machine and the institutions. So learn how to train to improve the quality of your life. I also teach a class on trends. This class is going to be October 1st and 2nd. The cost of this class is $9.99. It's a course on how to read trends and stock charts. These are two separate classes, one on how to train gaps and one on how to read trends and I'm offering a special, both classes for one price. And it's half off the trends class. It's a savings of $499. The cost is $29.99 for both classes. So the gap class is $24.99 and both these classes together are savings of almost $500 if you want to do them in September and October. So educate yourself to become successful in the market with gaps. Thank you so much and let me just bring up here my live charts. We do have some time here. I'm going to take this PowerPointer off. Just give me one minute everybody and then I'm going to bring up my live charts and then I'm going to answer these questions here that Bob and Jay have. And anybody else that has any other questions while I'm bringing this up, go ahead and ask me. Let's wait one second here.