 Already so I'm gonna go ahead and switch over the controls right now. Hi, we can hear you Wonderful. Let's get the screen going. Let me know if you can see the red And yes, we can see it. I mean today everybody. How's everybody doing? First uh monday here start to the week Happy halloween early glad to be here. My name is melissa armo and I own a company called the stockswush And today I'm going to talk to you about a great topic. It's gaps And specifically we're going to talk about institutional money and gaps and before we get into the the strategy itself, which is gaps I want to let everybody know I can I can go through the questions here As we're going through Let me just pop it out. I just press it down to expand it there, okay Does it for day trading is that my question? Yes, you can use this for day trading You can use this for day trading 20k a month. It's $20,000 a month. Sorry. I didn't I didn't put out the whole thing here Well, we'll go through it So if you're interested you can also watch me here on fox. I'll be on fox thursday morning at five 5 40 a.m This week on november 2nd didn't don't have my topic yet, but apple reports thursday night And if you're interested in more information, you can email me at melissa at the stockswush.com So let's just get right into it. We're going to talk about making money today and we're going to talk about gaps It's really about chunking it out Whatever your goals are when you want to trade everyone wants to make money The idea is to be profitable whether you want to make 10 grand a month or 20 grand a month Whatever your goals are. Okay. First of all, you have to know your goals and second of all you have to take it Day by day. I think I think people get overwhelmed when they're trading where they They they think. Oh my gosh. This is just too much. It's too much to think about And and that's why the idea of breaking it down to day by day is easier for people to to grasp It's easier for people to juggle So I think in order to do that how how can you break it down? So you stick with it you follow the system whatever system you're going to do and today We're going to talk about my system, which is gaps But you got to follow the system one system and you don't deviate from it You don't deviate whether it's different market conditions, whether the market's bullish, whether the market's bearish I like to focus on shorts. That was the play today. It was merc short mrk Which we will review today's today's play. It was a short But you follow it no matter what and if you believe in your system and have conviction in your system Then then you will follow it It's interesting because I just I was listening to the last speaker Talk about emotions and trading I found that personally and and I'm going to just say this here before I get into what uh, what we're going to talk about today That you need to have an edge when you trade no matter again what your goals are because You have to go into the market with the attitude that you're going to win Otherwise you're working against yourself and a lot of people do get wrapped up into their emotions They they're overcome almost with their emotions sometimes With fear and panic of what to do and the stress of also making quick decisions Now when I'm trading I make very fast decisions in the market sometimes within seconds Okay, sometimes I'm in a trade and I'm out in minutes, which was today's which we're gonna which we're going to go over here Which was the mrk trade But ultimately I use my emotions one of my my things that I do and one of the reasons You know if you want to come and learn from me and be in my trading room Is one one of the benefits of being with me is that I use my emotions to give me an edge Because I want to win Okay, so that that emotion that desire of wanting to win and wanting to make the money Okay, is what I use to help me be successful And so I I think it sounds idealistic to to say well, you're not going to use any emotions at all You're gonna you're gonna you're gonna not have any emotions You're going to be emotionless, but the fact is that you can use emotions to your advantage And I also think that it's impossible to not have any emotions because you're a human being I'm a human being you're a human being So if you know that you are except the fact that you have emotions And the best thing that you can do for yourself is recognize that you want to win Okay, which I do so I'm going to go through here the trading results for the entire month of october Now tomorrow's the last day of the month. I don't know what we're going to get tomorrow It's earning season. We'll have a lot of things I want to show you all the profits and losses from the last month of trading to give you an idea here what you can make And then we're going to go and talk about the system So you can go back and go over this because I know this is also being recorded So 10 2 was on tv was a day off 10 3 was a winner tts 1500 profit 10 4 was tba That was a winner 10 5 no trades 10 6 was cost. That was a good one 11 hundred dollars profit So the weekly total for the first week of october was 5600 average total in this week of the day Which again varies 1867, but there was two days in that week that I didn't treat 10 9 cost was a winner 10 10 dal was a winner And and even see some days you'll make more than a thousand again today's web We're talking about making 20 grand a month, which is an average of a thousand bucks a day But some days you'll make way more some days you make a little bit less some days you won't treat Okay, so again you chunk it out 10 11 was a loser and a winner 10 12 was a loser and a winner 10 13 was a tv day off weekly total that week 65 25 Average that week per day 16 31 And just so you know in case anybody asks in order to hit these marks of to make a thousand dollars a day You need to be looking at that as an average to risk per trade Which I consider an advanced risk and that doesn't mean that you have to risk that Obviously if you wanted to achieve these results if you risked half of that you could figure half the profit But that still would be very profitable weeks 10 16 with spy was a loser Apple was a winner 10 17 hog was a loser and w y was a winner 10 18 spy was a loser IBM There was a really good winner was a good gap 3400 on that day 10 19 was apple. That was a nice gap There was a short 10 20 g was a loser and clg was a winner on 10 20 that was a big week Weekly total of that week was 11 205 So you see here If if your goal is to make 20 grand a month and you can make more than half that in even one week It's totally totally doable You chunk it out when you look at your goals So if your goal is to make 20 000 a month you might make half of that in one week You get up every morning and you prepare yourself to trade and like I said a little bit ago You go into the market wanting to win 10 23 matt was a winner. This was last week 12 50 10 24 g was a loser loji was a loser matt was breaking even that was a tough day on the tuesday Flipped it around though 10 25 juniper was a loser amd was a big winner 10 26 clg was one loser and one big winner and friday was on tv was off So last week total in 93 50 and then today was merc 900 profit So if you had been in the trading room with me in the last month And risk an advanced risk you could have made over 33 000 which is obviously way more than 20 grand a month I've thought a long time about increasing my risk. I might but not until 2018 But either way I want people to know that it is possible to make money in the market But you have to have a good system. You have to have a good attitude You have to be focused and one of the other really important things I do is I don't trade all day I don't trade all day like i'm done 12, you know 12 22 here i'm done I'm doing the webinar with you people But you know, I could go do something after this my day is done One of the very nice things about trading gaps, which is my strategy Which we're going to start talking about right now is that You don't have to sit at a computer all day I find that people to trade every day till four o'clock that are day traders get get hurt They get hurt in the afternoon Unless you have a day like friday, which I'll just briefly talk about friday was a power trend day in the Market and if you were in good stuff on friday, you could have gone along so many beautiful Bullish gaps in the market and made money pretty much into the clothes But it's rare that the market power trends and it's where you get stocks doing that all day Although friday was an anomaly and you could have done that all day on friday anyways the average Average for october this past month that you could have made results in these trades was 1975 And there were some days in there. I was on television I didn't trade and there was a day then there was nothing that met my criteria So there's nothing like results To help people see that they can do it And I think that's the most important thing because everything that you do has to be results driven Although trading is fun. It's really really fun. I love to do it. I love to recharge The idea is that you have to make money Otherwise, it just doesn't make any sense to do it at all So if you're trying to make 20 grand a month trading You have to look at it in the big picture by chunking it out by taking it day by day There's no rush. You don't have to go crazy and get every trade to the dream target For example the first week of the month and the other thing I realized so for people that they think too Is that a lot of times people If they've gone through a bad spell Of trading or a dry spell in trading They they they have in their head like that they're rushed To make all the money that the losses they've ever had since they've started trading or bad systems back really really quickly Like people people feel overwhelmed by that. First of all, that doesn't make any sense. It's totally not realistic You've got to start fresh like if you come to me and you want to learn my system and method You got to start like today's day one your brand new You're going into it. You're going to follow the rules follow the system and do it Okay, and you're going to have a brand new attitude about the market as well So it's very important to use the system to trade and it's very important to learn it first Why because you don't want to make mistakes. You don't want to make any fat fingery things Okay, and you want to have a good attitude and keep that attitude up and be successful Like one of the days it was last week. I guess I think it was the Tuesday last week What was not a good day when you simply just don't make any money? That's rare, but it does happen But you got to get up in the next morning and just do the same thing that you know And follow the same system that you know and do it and you got to have a good attitude And that's what what a lot of people have a hard time with too because what they want to do is skip around And they want to do a different thing a different strategy a different system They want to change their rules and then they never see the consistency One of the reasons I credit myself for my own success is that I have stuck with trading nothing But my system ever since I started out trading now. It's been nine years All right You stick to the program Focus on one thing and whether you learn my system and choose to come and do my course or somebody else's I still think it's important to stick to one thing Because how do you even know that the thing that you're doing the system or strategy you're doing and even works If you're doing all kinds of other things if you're jumping around Okay, the idea is to stick with it All right, let's get back into the The webinar here any any questions that you can write it in and let me know I see gannon. They're laughing Anyways, the key to profits is capturing the momentum move now. What do I mean? I mean if a stock is rallying and I'm going to talk here about amazon because amazon rallying on friday Had a big big day from the earnings up from thursday night If a stock is rallying if the price is moving higher You want to buy Into the momentum. Okay, so you're getting it into the push up and again. I'm going to talk about amazon So the idea to making money is is you're getting it into the momentum now. What makes momentum institutions So momentum comes from big money moving a stock in one direction whether it's up or down now in case like of merc today And also friday merc fell to You would have shorted selling action that happened in mrk The momentum was down. So you're shorting into the selling So you make money in stocks by going with the momentum not against it You go with it you capture it into it into it whether it's up or down And what makes momentum in stocks institutional money hedge funds banks big positions in the market big professional traders Um, let me just see here. Who else is Really? Oh, you think i'm yelling. Oh, sorry. I'm used to projecting from being on television. I'll be more quiet Sorry about that bill. Um, hold on. Let me just go back here Uh Pat is saying account size to make the profits Uh to make the profits of the in october your risk has to be a minimum of a thousand dollars But the risk in those trades was anywhere between a thousand and 1500 from the october results that I just showed you So some trades were thousands some trades were 1200 when I'm looking to get in something really quickly I'm not I'm not being penny by penny for specific. So in other words, if sometimes something's 80 cents I'll take 2000 shares. It might be 1600. Do you follow me? So to give you an average it's between a thousand 1500 As far as your account size it depends what broker you go to A broker you go to depends on the amount of leverage and buying power margin They're going to give you if you go to a retail account, they're going to give you four to one You have to put up 25 grand and your average buying power is going to be what 100 grand as a day trader actively in and out If you go to a prop firm some give you 10 to 1 some give you 20 to 1 So in other words, if you go to a prop firm and you put up 10,000 and the margin is 10 to 1 Your buying power would be 100 grand and some places like I said, we'll give you 20 So bottom line is you have to check with the broker as far as your buying power But the stocks if you go back and look at those those trades varied in price I mean october was on length again in surrounding season where some of those stocks were expensive apple isn't cheap Costco IBM, I mean there were some in there that were over the hundred dollar price point But on average, I would say most of the setups and stocks we're looking to do in the room are between $20 and maybe 65. It's not like we're doing very expensive things every single solitary week And even when we are the stops are larger So really a stop in something like IBM might be a buck So if you're risking a thousand dollars, you know, you can only take a thousand shares anyways So I would say if you want to make profits like that, you have to have over 100 k and buying power Between 100 k and 200 k bp if you want to risk that much and make that much you concluded in the stock prices that were high there To give you an idea, but as far as the margin requirements, you got to check with each broker. I'm not a broker. Everyone understands that I'm an educational firm the stocks which teaches people how to make money in the market using a system You've got to find your own broker You can trade anywhere that you can actively day trade as long as you can get charts And you're going to have the right shorts Okay Any questions? Um, yes, you can do options, but actively it's day trades only Caesar is asking The options are not something that I look to do every day the the day trades. Yes Options are I called an option in amazon which we're going to talk about here but but I don't think that the For the for the in and out quickly which we're going to talk about like today in mrk Could you have done mrk as a put today? Yes But it would be so much easier to do as a day trade So not every trade makes sense to do as an option a lot of them do But it's easier sometimes just to do them as equity trades Could you do them as options trades? Yes, but you'd almost have to get in the train Throw the order out and put it in between the bidder. They ask and then quick it out So because today, I mean literally it was like boom it went immediately So you'd have to be really quick some of the moves. I think it's easier to do them as equity trades But a lot of them that are like the amazon from friday know that That was a good option trade and we are going to go over that one Uh, let me just go back here. Yes, I give exact picks exact picks every day those ones. We just went over those ones I just went over in the october results Okay, so how do I find momentum to trade in gaps? In gaps, okay So what is a gap a stock gaps when the opening price today is different from the closing price of yesterday's training A gap is a break in price action from one day to the next simple So guess what does every stock gap? No Is every gap playable in the direction of the gap? No, does every gap have momentum even at all? No Okay, so it's about finding the good ones Qualifying the gaps now. Let's just go over this one here. This was a good one too. CELG was a short It was a short twice actually in the last month Now i'm going to explain here in a chart is the daily chart of CELG What a gap is stock closed up here the night before this was last week around 119 ish boom open in the morning the next day here around 98 something So this is a gap down stock closed at one price at four o'clock and at 9 30 when the us market opened it opened at a Way different price. It also had one back here Previously all the way up here was around 135 And then this day in the morning it opened at 9 30 around 124 something So this was a gap and this is a gap and they're both gap downs So that's all that a gap is except for you have to figure out What are you going to do with this one? So what do I do? My niche is that I predict in the morning before 9 30 that CELG is a short here and here Which is exactly what I did and it worked. So you're predicting is this a long or is this a short? In the gap on the day, where's the momentum going to take this thing? Where's it going to go? So that's what you want to do After it's already happened. It's not that you can't take a late trade you can I don't like to do that again. I like to get in and out in the morning quick And there are days though, like I said like Friday, which you could play all day But that's not all the time but you're playing the selling action In the shorts for example So for example, this is a one-minute chart This closed up here the night before gap down here. This was the one last week in the CELG Stock dropped you could have played this action in here Actually, this was the one that was a loss for me because I didn't get out. This actually was a profitable trade I Unfortunately was a loss because I didn't get out some people in the room did get out But actually to be honest with you both trades worked. I just didn't get the exit out This bounced so quickly. I didn't get out of it and I thought it was going to go here I did a second trade in it, which I'm going to show you in a minute But anyways, you want to get the selling action? So this just went so quickly Here was the one that was the better one here, which was the secondary move Stock dropped here in the morning. So that was a one-minute chart. This is a five-minute chart rally back It was still a short boom Got the drop this one actually fell all the way tippy-toe down This was a late trade for me last week simply because I knew it was going to go and I just stuck with it I just stuck with it stuck with it stuck with it Show you and because I've missed get my exit in the morning because really was the exit in the morning was profitable If you if you got out of it before the bounce. So you're shorting selling action here You're shorting selling action here You're you're you're getting into the move. This was the gap down again. This is a five-minute chart Oh, let me just see if there's any questions Um, I do give exact trades in the morning I give exact exact entries like I did today in mrk In fact the trading room is online on youtube and go listen to the live tape Um, yes, these are trading stocks not, uh options Yes, uh, oh just really quickly i'll address that because i'm getting a lot of questions about options here But I don't want to get too off the mark The difference is you know, there's pros and cons to options and equity trades I don't want to make a whole big long talk about it. It's like another day, but the pros Okay of doing options are that you don't need to worry about buying power And you don't have to put in as much money to open account wherever you train them at a broker So that's the that's the bonus Okay, to me the downside of doing options is you can't get in and out as quickly And that's the downside to me The bonus also an option so you can you could trade very expensive stocks So you would normally need a ridiculous amount of money to trade like amazon Which we all can trade using just an account whatever the cost of the option is You don't need to have to worry about buying power because the stock is over 1100 dollars a Share wherever it's at right now. Okay, so those are the pros and cons of options pros and cons of day trading Just a straight equity price the pros is that you can get in and out quickly You can maneuver yourself very quickly. I can put in a stop. I can get in I can get out I can take it and get right out And I love that about it because a lot of these moves happen fast And you can position your size and know you're going to get in and get pressed up with a limit order You know when you're getting an option, you kind of have to you might have to maneuver it You might have to throw the order out there let it sit it might fill your right of ways It might not you have to put it between the bid and they ask unless you want to pay the high price Which obviously nobody wants to do So you have more maneuverability. I think with the day trading. So that's the pros The con obviously in day trading as you have to put up Money that's based on the margin for the stock price Of the stock prices you want to trade and it's all over a wide spectrum because it's the market There's hundreds and thousands of stocks to look at every day and most days I'm looking at different stuff I never knew I don't know what I'm gonna do tomorrow. I've no I've no idea I couldn't tell you at all because I don't know what's gapping. It's not tomorrow morning So those are the pros and benefits from those Anyways, let's get back into it here Footprints of institutional money is telling you we're going to go this way We are getting out of the stock or we are getting into this stock Which is again the hedge funds the institutions They're choosing to make decisions to buy stocks like for example amazon like last week or google the gapped up and had a huge move Friday too Based on many many other factors. I listen to the earnings call on amazon because I talked about it on tv on friday Listen to it Thursday night live, you know, there's all these questions. They go over the report They blew out their earnings estimates for the third quarter. They have, you know, huge estimates for fourth quarter Huge expectations. We'll see if they make them come next year in the beginning of 2018 But the bottom line is that the people that are buying these stocks like amazon for example They've got billions of dollars and the reasons they choose to go along a stock like that Has nothing to do with anything that we would look at. Okay I'm I'm strictly looking at the technicals But I'm following what those people are doing and those people are making decisions For all kinds of reasons and the fundamentals really are one of them. Okay, but you don't have to spend the time Looking at that stuff. First of all, it's absolutely impossible and you never have time to train You you never have time you couldn't study all the stuff that's out there And not only that you're not even privy to all the information We do not have access to the same information as those people do so get it through your head We just don't you can think you can you can listen to a call You can figure you read everything in the world about a certain stock There's researchers ports out there that we don't have access to that have real information that cost 300 400 500 grand We're never going to know that information. We're not privy to it So you read what's happening the price and that's how you know, what's going on Is the stock getting sold or bought now? Here's another good one here cmg Stock gap down all the way back in june It has fallen off a cliff the stock up here now this is a good option one I've called a bunch of different options in this. It's just there's one on right now actually If for the people that are still in it it was ready profitable last week But anyways this high over here in june was around 450. Look at this The stock has lost almost half its value in june july august september and it's five months So that's the power of an institution when it takes hold of something like it grips it by the throat And in the case here of cmg it's selling action one. It's getting shorted now and two A lot of people that were along it sold it. Okay stock has just caboomed So you would never be able to make money going along this stock right now It is a short and it's what I call falling off a cliff Here's a bigger picture of this too Um, let me just go back down here and see if I'm missing any clashes I'm using the daily chart to make the chart decisions for the gap But the one minute to take the trades How do you tell if the gap will be filled the same day if the gap rates 20 points or more per my 26 point rating system? Which is what I teach in my class. I'm going in the direction of the gap If it doesn't I'm not doing it at all so I'm not doing gap fills. They don't work I don't want to get too often a tangent about that unless we have time at the end I'll talk about it. But gap fills don't work as a strategy to predict It's not that things never do what people call fill a gap It's not that they don't do that. In fact, in fact, ua a did that this morning But but I never in a million years would have gone along that stock But you could say that filled the gap, but it's not something you can predict You need to trade into the momentum you can predict if you can't predict it How are you how are you gonna make any money? It's a crapshoot It's less than 50 50 odds then and it's certainly wouldn't risk a thousand dollars a day and something That's a crapshoot. You may as well just go to Atlantic City and have a good time Okay, the bottom line is you need to be able to predict with a high level of certainty that something's gonna go Either up or down gap fills. You cannot make any predictions in them. In fact, ua a has earnings out tomorrow morning I think or tonight in the next 24 hours it reports. Who knows what that does? I will be watching it though, but today it gapped out and there was no play in it Um, all the moving averages. I just I use a eight 20 50 and 200. I think I missed the question Do I follow the 24 hour charts? I look at post and free market. I think I missed one in here Yes, up in and out the same day. Um How do I tell if the gap would fill the same I think you answered that one Of course, I've had a losing week in the last nine years. Of course. I had I took me three years to figure out my system Um in the last year I don't think I had a losing week at all in 2017 I don't think I did I have the tracking for the year winners and losers on youtube and go back and watch it I haven't updated october's yet, but I'm going to it's on my list of things to do So and and here's the thing and I'll say I'll say this and then we're gonna keep talking here Um, if you do go and this is just a good rule of thumb, I don't care what you do in the market If you go five days Five days in a row And you lose you need to to take a week off In fact, if I ever feel like Uh, that I'm slipping away Then I might take a day off after two days, but like but like last week wasn't the case. Um, but There was the one day last week, but you know if wednesday the following day had been a losing day, which it wasn't I might have taken off Thursday and friday When when something isn't working that normally does or you feel yourself slipping away You need to pull yourself back Because if you don't that's exactly how people end up just making stupid stupid stupid mistakes You know, maybe maybe you're sick. Maybe things are working right of the market. Maybe Who knows? Okay, maybe you're not thinking right Bottom line is don't if you ever go five losing days in a row. You should take the next week off That's just you know, it's just a good rule of thumb. All right. Let's get back into here Institutional money is what it's a big money flowing in a certain direction And you're looking for it and you're predicting it and you're predicting it before the market opens before the stock opens I do not get in the trade until after though. It sets up on the live day. I'm never trading the pre market or the post market But you've got to get it in the right direction If you don't it's going to be very hard for you to consistently make money And one of the things I do as well as I focus on the time of the day And i'm focusing on the open between 9 30 and 10 That's what i'm focusing on. So for example, if a stock does not set up by 10 a.m I'm not liking it. I'm not doing it. So that 30 minute period into the open is extremely extremely important. Okay And again, the whole philosophy here what I've been talking about all day is to trade momentum to go with it Now here was a momentum play It's funny because I went back and looked at this after the trading room today And you can go in my youtube video. I did a video Friday night or saturday morning I said the next target in amazon is 11 25 it got up today to almost 11 23 So literally within two days the stock went up, you know to almost 11 25, which is amazing This close here on thursday night was around 972 and just listen to what i'm saying here second people This is momentum the stock closed the night before at 972 whatever It's close to 973 whatever it was Open in the morning 10 58 or something like that. Okay that Then on the day i'm just talking friday ran up to 11 0 5 ish I think 11 0 5 was a high on friday Actually here, let's figure it out I think it was 132 11 0 5 minus 972. Yeah, it was 132 and change So the stock moved 132 points and changed within 24 hours That's Institutional money buying the stock That's momentum It followed through today and you know what if this bar closes with a topping tail like this today How much do you want to bet? Somebody out there some trader out there will short this stock thinking it's made a top or a tail or a high Or can't go any higher or something like that somebody in the world some trader Well, if this if this was a close today, which it's not so I don't know where we're going to close It's 12 45 now and I took this at 11 36 If if this stock closes like this today, someone will short this Do you understand how insane that would be to do and I don't care the stock drops a little bit under the low from today Tomorrow morning, it doesn't matter that is so dumb That's not high odds and it's not high odds of something to do on a consistent basis The high odds trade is in high quality gaps with momentum where they're going long or short in the direction of the gap They have to rate per my 26 point rating system to do it because not all ones are going to work But i'm telling you the stock moved 132 points plus in 24 hours This stock is not a short and somebody will short this today if the stock closes like this In fact, I'll look at it tonight after four and do a video and put it on youtube People don't do the right actions. They don't play with momentum And it's in a wonder then that people lose and it's just no wonder and it's no wonder why I win You know, I'm looking for the momentum. Anyways, I called this I called this on Friday morning I said buy it by the by the calls in amazon for 1100 and I gave out a week So it's still in play. I don't know if anybody's still in this but the one guy did it here Is an example of a reason to do an option. He bought one contract. He made 414 bucks Just one just one contract and he got out on friday He probably is going to email me wish he would have held it through today because it ran out But but I mean again, it was beautifully beautiful day trade as an option trade day trade If you're gonna afford to day trade the stock on amazon though, you could have done that too Either way are all gaps created with institutional money? No No, they're not In fact, you a a that rallied up today and filled that gap was not an institutional gap That stock wasn't getting bought by institutions today. So you don't want to play that kind of thing You want to play this kind of thing This is how you're going to make 20 grand a month or 30 grand a month This is how you're going to make a lot of money not doing stuff like ua a not not shorting this tonight If it makes a topping tail thinking it can't go any higher, which by the way can Whether I whether it does tomorrow or not I don't know but I know it's a big week for earnings this week Alibaba's out this week facebook's out this week apples out this week And I don't know what those stops you in the gas but a lot of big names in the tech sector report this week So to short this even for one millisecond would be so dumb. Okay You make money buying Stocks that are moving higher with the momentum into the buying or shorting Stocks are being sold off or shorted into the momentum down But you can't do it in every one so you got to find the good ones You got to pick the good ones that are moved with institutional money and I do it using a checklist I do it every morning and that's how I figure it out And let me just see if there's any questions here. I think I'm caught up Like I'm talking very fast now Anyways, the one thing I can say to people is say your goal is to make a living trading. Just take your time with it Learn learn what to do. Okay. The money will come You know one one month you might be really at the beginner level And you might be profitable But not making as much as you want because you can't risk as much as you want to make it You're still in the learning process or you have a small account. You'll get there One month then you might have a great month You know make five grand and then you realize you got it down and the next month all of a sudden you made 15 And that's how it happens I mean, you you know, you just because you stepped up your risk because you know that you can Because you prove into yourself that a the system works and b you can do it And again being in the room with me having the guidance to be calling the calls is definitely helpful It's not necessary because you learn everything in my class to trade alone, but it's helpful So I say learn the system first The money will come go easy on yourself. So many people are impatient The idea is to be profitable and green green green green green green green It doesn't mean you're not going to have some days where you lose. Okay, like like the one day last week But you know the idea is that overall from october 1st october 31st. You're showing a profit All right, let's go over today's mark because I did talk about it And I don't know if I would have done anything with some friday or not It was just a very bullish day, but this fell off a cliff on friday Merck gapped down on friday last week and again today So this was today's play a lot of day traders would not have done this today They would have thought that this was never going to continue lower. Guess what I shorted it This is what I do very well shorted the momentum in the stock stock closed last night here around Whatever or no friday night. I'm sorry 58 25 ish open in the morning here around 55 75 ish and dropped and it did have a big move So the first trade and mark you could have done it right here I waited a teeny a little bit and did it here got the drop and out So you see here you could have I mean theoretically you could have done an option in this But it was just such much easier to do it as an equity trade I don't think this is expensive. This is like a mid price point. I don't know where this is at right now But you know the momentum in this was down So anyways the entry shorted 55 10 Stop I like to put stops. Okay. I ended up moving this up to 85 But the initial call was 55 80 Exit boom and it went a little bit more 54 50 again I have to go back and look and see this is now profit 900 bucks. So your shares size will vary But your risk should man the same most of the time that you're doing the trades Let me just see if I have any more questions. Okay. I think I'm all caught up Anyways, the whole idea about trading is you gotta you gotta have a unique perspective Your perspective is that you want to be profitable. You want to win you're going to take it seriously You're going to be very very focused. I think you have to focus on only the right strategy to do but also the right time of day I don't think it's a good idea to trade every day to four unless you have something like the market power trending with you an unusual trade like Like the uh, the one last week the AMD that fell pretty much into the close and the clg did too But that's those are rare that you get something going all day For the most part, you know, most traders do trade all day and I don't I don't think it's a good idea And I think it's part of the reason people lose So you're better off Sticking to one thing and I do like to focus in shorts But their own days like last week where you could have gone long a lot of things on friday that we're bullishly gapping out with the market Either way every trader needs an edge to be successful For me, it's doing gaps predicting them before they happen And trusting and believing in that because I've done my system for so long now I have a high level of conviction in what I do whether it's when I make the bullish calls or the shorts I really believe in what I do or say or I couldn't do this let alone run a trading room So I'm focusing on one strategy one time of the day Which I think is very critical to maximize the profits And again, if your goal is to do this for a living Then you really do have to take it seriously and the most important thing is learning it Because once you get it down all you have to do is step up your risk and then you're making more money And the nice thing about training is you can do it from home. So I teach a course on my method. It's just a two-day course at 16 hours It's this weekend saturday and sunday november 4th and 5th It's called the golden gat course. It teaches a 26 point reigning 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 on the one-minute chart The course teaches price analysis and technical analysis on an advanced level Well, you will learn how to read institutional money Where the stock's gonna come in with the buying power or the selling power to short You're looking to focus on the momentum That's how you're gonna be profitable as a trader not going against it Not even for any part of the day because again, even if you do it Even if you happen to do one trade against momentum and you make money doing it It's really screws up your brain and screws up your chart analysis And then you start to do these things like somebody said about the gap fields because they really don't work to predict And that's not institutional money that move the ua up today. And you got to learn how to read that Just like the amazon just like that beautiful move in amazon on friday Anyways in my class you will learn one solid strategy to trade gaps Effectively by reading the side of power and charts how to read support and resistance to take positions in the right direction A more proficient and advanced way to read charts focusing on technical analysis and gaps And 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 And i'm not saying that 30 grand a month, you know, or 20 grand a month is wealthy But i'm saying that consistently over the period of your life Again, chunking it out year and year a year. You definitely can make a lot of money in the market. It's there I mean people are doing it. It's just for many reasons some of which we touched on today People are not able to do that and it's really never about how much they're risking The reason people lose is because they don't know what they're doing Uh, they just don't and you've got to really think think think think and learn what to do first You got to learn it first of the money is never going to come for you And that's not to say that you can't make money doing bad trades. Of course you can anybody can but you can't consistently And if you want to rely on this for a job, then you better be consistent So you'll learn also how to trade with momentum for me. Again. I said this earlier It's about chunking it out and having conviction in what you do So the class is a full two-day course on how to strategically find pick-and-play stocks at our professional bearish gaps The class is online. It could be anywhere in the world and take it It is november 4th and 5th from 9 to 5 eastern time class of the class It's $4,999 if you want to sign up email me at melissa at the stockswish.com You can email me for the forums and if you'd like to sign up I'm doing a 24 hour special for halloween between now and tomorrow If you sign up you get one month free in the trading room and one month free in the options letter Like the amazon call was from the options letter that expires october 31st now, let me see. I think there's one more question here tn How do you find the stock that will gap you can see gaps All the time you can see gaps at night. You can see gaps in the morning You can go And look at the list of earnings like i told you apple's reporting on thursday night apple will gap I don't know where it gaps until it gaps most stocks that have earnings reports gaps not everyone but most She can print out all the earnings reports between now and the end of the year and the next week If you want and yahufinance.com You can find gaps in million different places free websites online You can get them on your platform as a top 20 list of stocks in the naziq and the new york stock exchange 20 ups and downs that are free Um on most people's platforms you can get it's easy to find gaps The the the thing is to find the ones that are going to move in your direction That you can predict that are going to be loans or shorts Any other questions here good questions today people Try to try to have a good solid, uh earning season month Uh, you know again You know some people do my class and they come out in the class right away And they do extremely well. I don't know everybody that comes to me I learn and get to know people as I as I teach them and they're in the room and I talk to them in the phone You know, you know yourself You know yourself go easy on yourself if you're learning in the process But I tell you if you're losing in the market Stop leading money and think about what you're doing. You may be using a system that just doesn't work Or maybe you don't have a good attitude Going back to what I said earlier at the beginning. No You know, you've got to have the attitude that you want to win It's something that is definitely a strength of mine And so, you know, when you have a day where things are going well, you know, you can turn it around And if you have a day where things are going great, you just take the money like today and you say, oh, thank you Thank you for a great day today Maybe could have been a little bit bigger But I'm happy with the money You know, you kind of just you got to go every day and take it as it comes I'm sure one of the days this week is going to be a big one I don't know when it'll be. I don't know when the big one will be this week Every day you don't know what you're going to trade But you have to have a positive and optimistic attitude You use your emotions to your benefit I think that's also good in life The trading room is $350 a month after you do the class So no one can join the trading room unless they are student of the course because you must learn what to do Mark, for example, set up in the first five minutes of the day If you didn't know how to do that trade, which you would have learned in the class You would have never got it Even though I call it in the room they go set up too fast Trading is something where you are whisking money and you need to know how to do it Plus I really I want serious people You know, and if people come and they pay five grand that they're going to learn something My my class is worth it. It's it's five grand. It's good information You're going to learn you're going to learn how to trade gaps You're going to learn how to trade gaps in a very unique way that no one else can teach you It's worth it and I only want people that are serious That was a good business decision I made early on And I've developed people into becoming good traders. In fact, I'll tell you this really quickly Jaguar pa who's in the room called me on Friday night after he saw my spot on tv He did Facebook Friday as an option made 1400 bucks. He was ecstatic He did it on his own. I didn't call the option trader was at home all day on Friday I only called the amazon in the morning and he said I've learned how to do this from you And I just want to thank you. He called me to thank me. It's a student So I forget when he did the class, but you know, he's he's got it, you know, I mean, that's that's that happens It's real. It's not without the realm of possibility for you to make money in the market But you have to do everything right And that's the other reason why I say don't trade from 9 30 to 4 I can be perfect for 30 minutes a day I can be I can be you could be too But I can't be perfect from 9 30 to 4 every day five days a week Just like I can be perfect on tv for three minutes four minutes five I can't be perfect probably on tv for eight hours a day You know, you take some of the pressure and the weight off of yourself. Okay Don't ask so much of yourself. You don't need it in the market It's the same thing with the trains during the week. You don't need every day to be a big one Okay, there were losses in the last month and look at those numbers Not every trade even has to be a winner and you can make that kind of money You got to stick with the system and don't deviate I think I answered all the questions Let me just say Good group people. Happy halloween. Have a great week. Watch me on fax business thursday morning Email me if you want to sign up for the class this weekend or the special If you want to trial the trading room as well, you can email me I can give you a trial for the week, too Just email me at mollus of the stockswush.com if you want to trial for the rest of the week, too Stay through friday Okie doke. Thanks everybody