 Okay, can everybody hear me? See the slide? Let me know. Welcome, go ahead and start. We are thrilled to have you. Please go ahead. Thank you so much, Cathy. Welcome, everyone. Happy Thanksgiving. Happy Thanksgiving, as I was saying. It's Thanksgiving week. So, should be an interesting week here for the market after the drop-off we had today. We'll see where we go. I do think it's a slow week for the market. Be very careful if you train. Today, however, was a good day to trade, specifically if you like to short. I'm gonna go over today's trade. So, my name is Melissa Arma. For those of you that don't know me, I own the Stock Swoosh. And I started the Stock Swoosh about six years ago. Started trading about 10 years ago now, which is hard to believe, but 2008. And I'm gonna talk to you tonight about how you can earn a living day trading stocks. Because that's what I focus on, that's what I do. So, if you have any questions, here I'm just gonna put it in here. You can write it in the room, right there where I put that. Can everybody just see there where I just typed? I clicked off of them and you can see the typing. So, just write in any questions as you go along and I will answer them, okay? But I'll answer them as we go along the slides tonight. So, if you'd like more information, you can email me at Melissa at thestockswoosh.com or call me at 929-3200 Gap. Follow me on Twitter, Facebook, YouTube or Skype. So, day trading specifically, if you wanna do this, is not about long-term investing. It's about chunking out the profits on a daily basis. So, in that aspect of it, it really is one of the greatest jobs in the world because you don't work eight hours a day when you trade. First of all, the market isn't even open eight hours. Number one and number two, it's only open from Monday through Friday. And I specifically focus on U.S. stocks. Now, if you choose to do this, you will be working for yourself. That means you have to manage your own time, you have to choose your own risk, you have to choose the trades that you're gonna take and you have to be disciplined in your approach. So, a long time ago, when I started out, like I said 10 years ago, I was all over the place like many people still are today and I didn't have a focus. And one day I did a gap and I made a lot of money and I realized there was something to gaps and of course I didn't know how to trade gaps and most of the information is out there on the internet and other companies that are educational, stock educational, trading companies similar to mine, most of them teach gaps in a way that is incorrect. So, I developed a very specific system. It's a 26 point rating system. We'll talk about this more today that is so, so focused that I look at 26 things every morning in a chart to determine the best, best stock to trade. And that is how you can become successful. It is not about doing 25 trades in a day and in fact, people that do any more than I'd say probably six, seven trades a day are over trading and giving a lot of money back in commissions to the broker and chances are you won't do well like that. You can't be focused if you're over trading. You can be focused if you make a lot of profits in one trade but you have to choose the correct stock ticker symbol to do and not only that, you have to get it in the right direction. So today's trade, which was a very big trade was NVIDIA and we will go over that today here or tonight. So, if you've ever thought about day trading for a living, you've come to the right place because one of my goals was to move outside of my mortgage job, I wanted to quit. The mortgage business was failing 2007, 2008, 2009. Everyone started the crash that happened with the mortgage industry. So I was looking for a new career and lo and behold, I found out about the market but it was a definite process for me to develop my own system. And now if you wanna learn my system, you would come and pay me for the information in the class and you'd learn it in a two day weekend course. And we'll talk about that more as we go along. But there are different types of traders. If you want to trade, there are many, many different types of traders. We're focusing right now today on day trading and I am gonna talk about the option trade here tonight which you could have done as a day trade or you could have done it as an overnight trade but you could have done the option trade and NVIDIA is a day trade too. But either way, you have to get in your head and decide what type of trader you wanna be. Do you wanna be a day trader? Do you wanna do equities? Do you wanna do options? Do you wanna do swing trades? I think it has a lot to do with first of all what your schedule is. If you work a job where you have to be at that job and you cannot trade between 9.30 Eastern time and 10.00 Eastern time which is when the active day trades, the equity trades it up, then you're not gonna be able to do this. Now if you can do it two days a week that's better than nothing but it is important for you to be able to spend some time in the trading room actively trading. Now if you can't do that then I'd say focus on options trades, okay? And you need to think about what size of account you can open. A lot of people ask me about this too. Retail day trading accounts require $25,000 minimum. Prop trading accounts require a $2,500 minimum at most places. Now there are some places that will open up a prop account with as little as $500. I wouldn't necessarily suggest opening up a starter account with $500. I don't think that's enough money. I think $2,500 is a stable amount to begin, okay? But there are definitely options for you to actively trade that are in a range and if you want more information about that we can talk about that another time. It's really important though for you to know which category you fit into. Also, what are your goals? So you can set the proper expectations for yourself and then also set the proper expectations for yourself for the timeline for you to get there. Now we're talking tonight about making a living. That amount of money varies for everybody here. What you would consider that you could pay your bills could be 100 grand, could be 50 grand, it could be 400 grand but you need to look at where you're at right now and say, okay, well how am I gonna get to this point in the next six months, in the next three months, in the next 12 months? How am I gonna get there? And that's where you have to start. But before you even begin to risk any money in the market at all you really have to have a strategy to follow and I do think it's important to have a mentor. And today was a great example of that because I had a huge call today and I think a lot of people didn't necessarily have a lot of conviction in the trade but did it anyways based on my call because of the way that it acted and we'll talk about that when I bring the chart up. But most of the days when I'm looking at stocks and most of the days when we're in and out, today we was a longer trade but most of the days we're in and out in a half an hour and sometimes in less than that. Sometimes it's a minute, sometimes it's five minutes, sometimes it's 15 minutes. Today was a later trade but that's rare. Although I am gonna show you the fast trade today in Nividea which you could have done and you could have been out in a half an hour and it was a big move but most of the days we will be in and out quick. So again you have to be available between 9.30 and 10 a.m. Eastern time. One thing that is so important and I know people struggle with this for teaching adults and adults, I think adults are challenging. My sister is a teacher, she teaches children and now I'm teaching adults and the challenging thing is adults have to marry their expectations with their goals and dreams. Sometimes people wanna be so realistic that they don't dream at all. Then they basically give up before they've even started and then some people are so dreamy that they wanna never trade in their life, have $2,500 and run out tomorrow make 400 grand. Well that's probably not realistic either. So somewhere in between totally giving up and not even starting and waiting until you have all this money and not even doing anything at all and not even trading, not even trading small size and having very little money and having these huge expectations and no information or no knowledge. Somewhere in between that is realistic and normal and that's when I'm trying to teach people. You can do this with my direction and start out small so that you can build it and that will increase your own confidence, not only in trading and the system itself but in the market. Because if you've been trading the past and you failed or lost money then it's hurt your confidence in the market and one of the things that I have a high level of is confidence. I have confidence in myself and I have confidence in my system, okay? So you as an adult have to be realistic with your goals but you also have to believe in them and believe in the dream to achieve them because if you give up then they're dead. There's no point in you even trading or doing anything at all. If you have stopped believing that you can actually pull money from the market on a regular consistent basis and win and not lose. If you actually stop believing that you can be successful then you should quit and never take one more trade in the market again. It's amazing to me how many people I talk about that really have no confidence. Don't believe in themselves. Think they're gonna lose and keep trading every day. That is super-duper silliness people, okay? Be normal in your expectations. Know that you can do this. I'm here to help you. If you wanna come and learn my method as a student I will help you do it but you have to be aware of the fact that you have to be realistic with your expectations but you can get there and it doesn't have to take some crazy long amount of time. It doesn't have to take a year. It doesn't have to take six months. It doesn't have to take forever. You can actually become successful in a normal period of time, all right? But you have to stay on track and part of it that is the focus and building the confidence in yourself and I call it green, green, green, green, green, green. Winning days, okay? Kathy sent out in the jiggy in the email a couple times in the last few days this week to tracking for the entire year of 2018 so you could see the results. We're not gonna go over that tonight. It is on YouTube too if you wanna go there and subscribe to my YouTube. Kathy, you can put the YouTube link in the room if you have that for anybody. Anyways, you can do it from home, which is nice. I'm at home right now. It's evening time here in New York. So one of the things that I teach is gaps. Now this is a gap way back from two weeks ago or something. This was CTRP. This was a good trade as well. We're gonna go over in a video in a second but this was another one previous to that. That happened that was a good short. So if you wanna learn from me, I teach people how to short. And shorting is great because you know what? Short moves or selling moves happen really fast in the market and that's exciting to me. Making a lot of money fast is exciting to me. It always will be. It's not that you can't make money going long. You can, you absolutely can. But I find that trains when you're going long take longer. It's funny but it's true. Short moves happen faster, okay? And I like the fast trades. And again, I told you I like to focus in the morning. So CTRP closed here the night before and gap down here. So closed the night before here at 34 and gap down here around $30. What happened? It fell, it fell $4 overnight. Boom, just like here. So then what do I do? I get up in the morning and I look at this in the pre-market and I try to determine if this stock is gonna move higher or lower. Is it a short or is it a long? And that's what I look at each morning. And this was one, this again, this was a couple, a couple weeks ago, earlier in the month where I chose to watch it and I said this is a short. This is gonna work as a short. And you can see here it did work as a short. It fell in the day. If you're sure this you made money and it dropped for the consecutive days down. In fact, let's just take a peek at that. Hang on here, I'm gonna pull my chart up in one second and look at that. Cause I have not looked at CTRP since. Let's just look at this here with this thing. This is again, when you're going to trade, we're doing the day trades in and out but that drop off that had you could have done as an option, which I didn't call an option, this I should have, and also a swing trade here. Let's just look at this. I just wanna see, oh, see here, look at this. So this was the day we did it. I'm gonna let everybody see this here and put the chart up quick. This was the day we did it here. Here's the drop off here, here, look at it now. This is actually setting up again, this is still lower. This looks dead, dead in arrival here. Wow, look at that. Nope, I haven't looked at this for days. So the previous low in here on the 13th was $25 and today it's only at 26. This is absolutely dead. Well, that's interesting, I forgot about that one. Anyways, that was a good example of a nice short and you can see the follow through. Now today we did NVIDIA. So what happened today? Today was a little bit crazy because I really liked NVIDIA and there wasn't a lot to watch today and Mondays are the slowest days of the week just so you know that. Some days we don't do anything on a Monday but every once in a while you get a good one. So I really liked NVIDIA. NVIDIA gap down on Friday. So I love this today but I gotta be honest with you, I called this straight out of the gate and I was ready to go and I didn't get it. Some people got it in the room. Some people got this move here. I called to short it right here and look what the stock did. This was insanity. We all sat in, the people that didn't get it sat and watched it drop. The stock dropped $8. I called this straight here this morning at this moment right in here, you can see it. Right in here it was around 1.60 and change and the stock dropped all the way down into 10 o'clock to 1.50 something. It dropped like more than $8 actually from the entry. So I did not do this straight here but some people in the room did. And if I had done it, I called it, I just wasn't fast enough to get it. If I had done it, I would have gotten out somewhere in here. I definitely would not have gotten this whole move but I think this is something to go back and to look at and to see because it was such a big move and it was such an immediate sell off and if you weren't aggressive on this, which I tried to be, I just didn't hit it fast enough literally, it broke so quick. But if you were aggressive on this, it was a huge straight. But the fact that it worked and I knew the gap rated well per my system, the gap rated 24 points. So this was from Friday. Here's the drop off here. I knew the trade was set up again. So I called it later. Again, this was unusual today but because I didn't get the morning trade, here was the morning drop off, boom, boom. I called this again later and sometimes I will do a late trade but the timing here was good. So I called this afternoon move and this was still a big move in here and I'm gonna go over this trade right now. But you could have done my call immediately here and this is typically what I do. I just missed it today. And then you could have done this here too. So some people did both. Some people did this and they didn't do the afternoon one. Some people did this and this and I missed this so I did this. Normally I will only focus on the morning though. So I probably would not have done this afternoon trade if I had made my goal for the day in the morning just so you know. But this was the gap and we're going back here into 15 minute chart. One of the reasons this worked as a sell off was the gap rated 24 points. So I have a 26 point rating system. If you came and learned my system that's what you'd learn. You learn the 26 points. How does it work? The highest score is the best rated gap. It's about high odds. Okay, so there's, I don't know until the stock sets up if it's gonna work. I don't get in the trade in the pre-market. I'm waiting, I'm watching. Like this one here, look at this. So I'm waiting to get it if it sets up. It may not set up at all. In which case then I don't do it. I don't lose any money. I don't take a trade in it. But the rating system says Melissa, watch this stock today. It's good. It rates high and 24 points was a very highly rated gap. It's almost as close as perfect as you can get. So my system is developed to have the most points. The highest points is the best one to watch. Now some days you get a couple of gaps and they all rate good. Then you gotta choose which one you're gonna do or you do a couple, okay? So for me, I like to do one thing at a time. That's just what I find is good for me as a focus. And I'm running around at the same time too. But this gap rated extremely high. So I had a high level of conviction in it. I love this. I knew it was gonna break. And the funny thing was that it didn't work right on Friday. It only broke late Friday. Today it fell off the planet right into the open, okay? Which was terrific. And one of the reasons is a good trade. So we're gonna go over the option trade and the day trade in this from today. But the point is that the rating system directs me. Melissa, watch NVIDIA. It rates 24 points. And so that's how I know to do it. So if you came and learned my system, that's how you'd know. And I'm saying NVIDIA because that was the one today and Friday, but it could have been any one of a number of things. We also did JWN on Friday. So many days was a couple things to rate. It seems like there's a lot of points but that's what's going to help you make the money. Because if you go through this process and you're that convinced that it has this many things on its side to work, again, you want the highest odds if somebody's gonna work. There's nothing that's 100%, okay? There's nothing 100%. You have to say, I want to put all these things in my favor, all these things are telling me this is really, really good. All of these things are aligned. Boom, do it, if it sets up. And that's how you know. And then once in a while, you have a trade that loses. There will be times when sometimes trades don't work. And that's why I use a stop. A stop is like the insurance. I get stopped out in the trade, I lose one risk unit and then I go on to take another setup if it sets up again or maybe I stop for the day. Your goal is to have no more than two if that losing days on any given month. And if you have more than that, you're probably in the red because you gotta cover those losses and win the rest of the month. And you also have to cover your costs as a trader and then you also have to pay yourself. So you can't have that many losing days when you're trading at all. So, and that is something that people struggle with too. Once they have a down day, then they tend to spiral out of control and I close the trading room, usually about 10, 15, 10, 30 in the morning because I don't want people to run out of control. I don't want myself to run out of control. And I also understand that it can slip away very easily. You can take a trade and lose, be down in one trade and say, okay, fine, I'm gonna take another one. Then you take a second trade and that trade for whatever reason fails too and I'm always turned down too. And you're in danger of having a horrible day. The best thing you could do sometimes is just shut it off. Cause you can always come back. You can always come back, you come back in one trade. And this trade would be a great example of that for example here today. All right. Anyways, this was a nice one here today. So, here was the gap though from Friday. I'm gonna go back. Nvidia had earnings Thursday night. It was Thursday night when it reported. Stock closed here the night before, gap down. Closed up here around 204 or whatever. Stock open here in the morning around, I don't know, 160 something. This was in the 163 I think it was or something on Friday. Then the stock rally because day traders love to buy this as a gap fill. That's where they think this is gonna go. That's wrong. Completely, totally, totally, totally wrong. So day traders were picking. This was such a good call here. I'm just gonna pull the chart up because this is just gonna be better if I just talk it here. Hold on. Castro's such a good call. Ah, I shouldn't even see how they're emptying points as I get out of it. Holy crap. Gallowhead is still in this. How much are you upping this into the close? Oh my God. This is such a huge call. All right. Let's go over it. Anyways, I'm gonna pretend that this is gonna happen today. Gallowhead, how much money are you upping into the close? This one here, this one here was Friday. So this was a gap that I really liked on Friday. We watched it. And most day traders are doing what? They're buying NVIDIA into support. The prior support is back here. They think the stock is gonna rally and fill the gap. And that's what most people do. That's wrong, wrong, wrong. That's actually what most places teach. They teach classes on it, umpteen million places in the planet. They think the stock's gonna hold in support. They think everybody loves NVIDIA in the world. They think the stock's gonna rally and the stock had to lift. The stock had to lift and it pushed back. And 170 was the level I was watching. And this counts as a hold because it only went 60 cents over it. And this price point to me that counts as a hold. Anyways, the stock took too long to go on Friday. She could have done it out of the gate and taken a stop and retaken and made money or you could have just got off of it because it really took a long time to break on Friday. But the stock was always, always, always a short. So on Friday morning at 9 a.m., it was even before the open, I called a put in this. And that train was a huge monster trade today. And we are gonna talk about that. Then I called a second trade, which I didn't even put in the webinar, which is the one that Gallahad's in. I called a second trade today. In the middle of the day, I called a second train. You have $425 in one contract of the one today, Gallahad. I called a second trade in this today for the 145 puts. Holy crap. And this is already up too. Here, what time did I call that? This is, I'm totally off kilter here. I just wanna look and see what time I called it to make my point here with you people. What time did I call that, Gallahad? Hold on, hold on, hold on. 12.52. 12.52 I called it. Here, look. So let's look at this just to see what I'm seeing. So you could, this is why you people gotta learn what I know. Here, 12, I called, so that, so that was the, we're gonna talk about the trade from Friday. That one I said, I told you already, get out of it today. And I think I already did because they were up so much in the morning. Then I called, this was at almost one o'clock. I said buy the puts 145, expiring out a week and a half. Here's the targets I gave in this trade. This trade is still on. Some people are still in the first one, but I don't think necessarily anyone should have been in the first one. Holy crap, I didn't see where that went. So that's the one Gallahad's up and are ready. Let's see what time I called that 12.52. Oh, it was the same time almost as the day trade was going. So I called that right in here, right there. My God, I didn't even see how this closed. Hold on, everybody. I just wanna see where this is at tonight. This is way too late for anybody that's here tonight to do this trade. Don't chase this now that we're talking about it. But if you were on the letter in the room and did this trade, this is gonna go again. Oh my Lanta. Anyways, let's go back and look at this and then I'll go back to the PowerPoint. The point I wanted to make in this was that so many people don't understand gaps. Now today you could look at this and if you were an idiot, you'd say, oh, obviously that's a short, but I call this as a short on Friday. And I called it as a short on Friday when that bar was a solid green. It rallied $6. We got stopped in the first day trade on this and I called it as a put. And I still had conviction in the fact it would sell off and then here it is. So what I'm trying to get at is when you are looking to trade, it seems like it makes sense to buy support and it seems like it makes sense to short resistance. And it seems like it makes all the sense in the world to do that. And that's what you've been taught by a million places and we watch all the free crap online, we believe that and that's what you think and that's what you do and some of those trades work and some of them fail. But guess what? They don't work all the time. They don't even work more than 50% of the time and in the end you will lose because you can't just buy support and you can't just short resistance and a stock in anything at all. You can't do it. You cannot do it. NVIDIA gapped down. The gap rated 24 points. So I knew that institutions were gonna sell this sucker off. It took a while for them to do it. They didn't do it out of the gate here like this day on today. It took basically a day. It took basically a day for this to go. Here's the one minute. It did not sell off like this on Friday. I wanted it to. I wanted it to. I thought it was gonna do this on Friday. It took until today. So I knew institutions were gonna sell off NVIDIA and that's what I get from the rating system. It tells me not what day traders are gonna do. Not that day traders are gonna try to buy this up to do a gap fill. What hedge funds are gonna do? What big professional traders are gonna do? They're dumping the stock. They're dumping the stock. This stock closed the night before. This is before the earnings. Now just listen to what I'm saying here people. 204. And now I just looked at where it closed today. I didn't even see that. It's broke 145. So the stock, I mean, what is that? 204. Let's just figure this out exactly. It's like 60 some points. 204 minus 144. It wasn't quite a one. It's like 60 points. The stock lost almost 60 points from Thursday night until Monday night. So this is what you got to learn how to do. Okay, if you wanna make money and it's something that I'm so good at. Oh sorry, I have the wrong slide up here for the CTRP. CTRP reigning just so you know there. That was 23 points. Anyways, let's go over the day trade today. This is not the option. I'm gonna get to that next. This was the late trade. The morning trade I called, I didn't get. So the late trade I called, I did get 154.25. Stop was not small. It was 156.76. I told people don't be tight with this. A shares worth 1,000 didn't add a 153.60. Still not a huge amount because of the size of the stock. 2,000 shares. Price then was 153.93-ish. I can't believe this went $4 after I get out of it. That is hilariousness. But anyways, I thought I had a good exit at $148.70 and the stock, we just saw it. That's why I'm like a gas. The stock went to, the stock went $4 under this number. That is crazy. I could have made another $8,000 today. I'm like, I'm just beside myself, but what are you gonna do? I had a great day. I thought I had a great exit on this. 10,460. Huge, huge, huge trade. But I dropped $4 under that. Let's go back and look at that. I thought I had a great exit on this. Anyways, here was the drop-off, but it kept falling into the close. That's hilarious. Anyways, this is a day trade. This is a day trade. If you wanna come actively day trade, you do the equity trade. Now, what if you wanna do the option? Gallowhead's in the option. That's what I was talking about. We'll go over that trade in a minute. This system is the same. Whether you do it as an option, whether you do it as a swing trade, you do what you can afford. Some people cannot afford to do equity trades like that. Why? Because of the price of the cost of the stock. But I think this is a great way to make money doing the equity trades. The option trades, if you have a limitation and you don't have the margin to do it, then open up an option account. You could have bought the put. You could have bought the put in it. And all it is, is the cost of whatever the put is. Whether it's a dollar, $2, $3, whatever the cost of the put is, the price of the stock will vary and doesn't mean that you don't need to have the margin then. But what tells you that it's gonna work is the rating system. I cannot believe that that went $4. I'm too worried about it, that's hilarious. Anyways, the golden gap rating system is what gives me the conviction to make the calls and do it. So let's talk about what kind of trading account you need and how much money. As I said before, if you're gonna do an option account, option strains, you can open up an option account anywhere you can do options, whatever they require. I think some of them require 2,000 as a minimum starter, okay? But again, you can check around. 2,500 I think is good for the prop and 25,000 is required for retail. But the ones that we do, the day trades like that, the equity trade for NVIDIA, not the option, okay? These are not cash positions. So I'm out, out every day, flat, flat before the end of the day. In fact, I had some people, some students that were texting me today, should I hold it overnight? Obviously the stock's lower, but I don't think that's a good idea. When you hold overnight, you're always at risk when something can happen. So when you have a margin account and you carried overnight, you better really be sure that it's gonna keep going. I think it's better to exit all trades on margin into the close before the close. Now, options trades aren't on margin. You can hold them overnight. Again, all you're doing is taking the risk of whatever the cost of the trade is that you pay. But you can trade the Golden Gap system with any size day trade account. The most important thing is to learn the system first. That's what allows you to do these trades. Because I'm sure a lot of people, when I called that trade that I called this afternoon and just showed you at one o'clock that I don't have in the webinar, I'm sure a lot of people didn't do that. I'll find out later in the week because it was so far gone, people probably thought it wasn't gonna go. And even I'm surprised that it broke 145 today. Today! That's definitely probably gonna go to the dream target. Anyways, I'd like to short, show you buy the put or you short the equity. Either way, I do not trade penny stocks. I hate them, they're just worthless. Institutions, JPMorgan Chase is not buying any penny stocks. We are trading stocks that move, aka hey NVIDIA, and stocks that you can make bank people. And you don't need trades like this every day. One or two or three a month and you're golden. And in between, you're careful. You make what you make, you chunk it out and you keep your losses limited, okay? Any questions so far with anybody that I'm going on in here? But it's very, very important, okay? To follow a mentor so you don't struggle, okay? Very, very, very, very, very important. And getting education is important because training to me is so much of it is common sense. It's just common sense. You learn how to do it and it makes sense. It would never make sense to go long NVIDIA and yet that is what people did. That is what people did on Friday. There were people that went long NVIDIA on that stock on Friday, they got killed today. Absolutely killed. Yeah, Casey, I just showed you. That was the trade, I send it out. I send it out to the room. If there's a late trade, I send it out. Boom. I have everybody on the list, I send it out. Or if I have the option trade, I send it out. Everybody's on the list. After the room is closed, if there's something to happen, I send it out. In fact, on that trade today, I said hurry. Hurry meaning quickly take it. Here, I just had it up. Where was that? I sent on it. Here, you may not have seen this. That meant emergency trade. Does everybody see that? This is, I sent this to the list, which I normally just send a trade and I said hurry. Nobody that does that but me probably. Before you miss it. Anyways, what makes some people successful and some people fail a day trading? All right, let's get serious here now. I'm trying to get lecture. I know I'm going off and off about NVIDIA because I'm hilarious that it went so much farther since the close. But what makes some people successful and some people fail a day trading? Well, you know what? A lot of people that do it don't have the focus. You had to have the right focus today. You had to have the right focus in NVIDIA. I had the focus on NVIDIA Friday and the focus on NVIDIA today. So many people like clarity. They're like, oh, this is rallying, so it's alone. Oh, it's dropping, so it's a short. Oh, now I don't know what to do. I'm second guessing myself. You need conviction to trade well and make money. Period end of story. And any money let alone this kind of money, 40 grand a month. The conviction comes from the knowledge because without that, you will never be successful. So you have to have the confidence. You have to have the conviction, but the knowledge gives it to you. And then with the knowledge, you make the money. Knowledge is key to conviction and conviction allows you to take the risk and be successful and feel relaxed in your choices instead of feeling stressed. And a lot of people trade in a space where they are in a stress mode and they're in a worryment and they don't know what to do. And that creates, guess what? More stress and more losses, okay? And so it's really very important to keep your stress level down. Don't get stressed out. If you know what to do, you won't be stressed. If you're losing, you will be stressed. And if you're losing, you probably should learn another strategy or system to do. Because if you're losing in the market, you're doing something wrong. You're flat out just doing something wrong period end of story, okay? Anyways, there's no overnight risk and day trading, which is the nice thing. Again, I said to get out when you're flat by four, you're always in control of your money, which means the total position you take can be much larger since you're in control at all time. And especially if you're trading on margin and you get in and out and the stops, the stop helps you, the stop protects you. And again, we're trading stocks with volume. But the returns can be incredible. If you think about that trade again today in the video, that was an incredible return. Incredible return. And again, I could have held it longer, but it doesn't even matter. So as a matter of fact, you can't even think about it. If you looked at percentages based on annual returns to make this kind of money, it would be crazy high. It would be in the thousands of percent. So you can't look at it like that because you have to look at it like you're going in and you're taking it. It's about the risk to reward. If you risk a thousand, you're looking to make a thousand. If you risk 2,000, you're looking to make 2,000. That's the goal, okay? So what I do is I find stocks every day that move. This is for the day trading. I'm trying to get in and out in 30 minutes, but if I miss the move like this morning, then I will do it later. I will do it later if I think it is more room to go. And this was the case today, okay? But you're not long-term investing in this. If you wanna do that, that's fine. Then you do swing trades. Swing trades is for longer, okay? Or just really buying stocks and holding them. But I don't think anyone should be short of a night, any stocks necessarily, unless it's something so good and so perfect. And NVIDIA is actually one of those because the market is very bullish. I know the market sold off today, but the fact is the market is holding the uptrend. So I wouldn't be any overnight unless they are perfect, perfect shorts, which actually NVIDIA is. But day trading is an investing. You're not Warren Buffett when you're doing this. This is a way of producing income. It's not investing. And if you risk a great deal amount, you can make a lot in one day. So you say, well, this seems like it's investing, but it's still not. It's still not. It has to do with the amount that you risk. And some days you'll make 700 bucks. Some days you'll make 800 bucks. Some days you'll make 1,000. Not every day is gonna be huge, but it is so great when you do get the huge days. It really, really, really is. You're taking money though, and you're taking it out of the market in the momentum. You're looking for the move. You're looking for the momentum. You're shorting selling action. You're buying, you're going long, buying action. So you have to know what that looks like. And if you don't know what that looks like, you're gonna struggle, okay? Think of it like you have goals, and you're chunking it out to make those goals whatever they are. And again, if you can't risk this amount to make this amount, you'd need to risk about $1,500, $2,000 in trade to make foreign degree any year. And if you can't afford to risk that now, it doesn't mean you should not trade until you can. It doesn't mean that at all. Because you may have a learning curve, and you gotta face that fact. And if you've been learning stuff in the past that's wrong, you're definitely gonna have a learning curve because you might've gone long, NVIDIA. Thinking that it was gonna rally instead of shorting it and missing the good trade. You have to get real with yourself. If the sooner you get started, the faster you will achieve your goal. Don't put your whole life on hold because you can't be where you wanna be right now or this week. The longer that you wait, the more you're gonna miss opportunity. That's true in anything you wanna do. I don't care what you're trying to do. Anything you wanna do, anything at all, okay? The longer you put it off, you're just putting off the opportunity for yourself. People think they're not ready, but you'll surprise yourself. You'll surprise yourself a lot and realize, wow, I was more ready than I thought I was. I can do this. It's, again, it's about instilling the confidence in yourself. So it's about looking for the move. So I'm typically looking for a dollar a day and I'm going on average because obviously you're looking for more than that in a stock at a price point of 160 like NVIDIA. But typically we're doing stocks in the 20, 30, 45, $50 range, some looking for a buck or more. Some trades are really good and you'll make money of 50 cents. It'll turn it around. But usually we're looking for a dollar, okay? But if you can't date trade, if you can't actively do the equity trades in the morning, then you have other options and the other options are doing options. Now here was, this wasn't the second call in the video. This was the first one. This was the one I called on Friday, okay? So this was the call. I said to buy the 167 puts for do out this Friday, expiring this Friday. Targets were 166, 165, 160. This was a joke now looking at it. The stock went to 144. I called this November 16th on Friday morning before the open. That is such a huge call. What a great read on that stock. This is the reason that you people would pay me money to come learn from me and you'd get these calls too. So if you did this and you bought one contract, the risk was $465. You could have sold it today for 18. I don't even know where this closed. Probably closed over 20. It was crazy, just kept going. Profit would have been $1,335. Return on investment in this option trade. This is a beginner risk, 287%. Now, same trade. If you had an advanced trader risk, you could have bought 10 contracts, 4,650 bucks. Sold it today at 18 was totally realistic. Totally, totally realistic. But it kept going anyways, 13,335. Again, you had to risk 4,650 to do it or you could have risked less. I'm showing you two examples, beginner and advanced or maybe you're somewhere in between. Return investment's the same. This is an option trade but you were slightly down in this when you bought it here on Friday and I'm gonna go back to the chart because it rallied. So when I called the trade and you took it, then it rallied and you were down slightly here until it broke and then here's the big money. And this is where you need conviction. You don't know what you're doing here. You might have taken the trade Friday and you might have killed it and then you would have really been kicking yourself in the butt after today. You gotta know how to trade. You shouldn't risk any money in the market unless you know what to do or a listen to someone like me that does. That was a great call. And Eric, you're not on the letter. Eric, you missed it. I'm saying what you read. That's a long question. I'll email you later. Eric, you missed this trade. Any questions from anyone at all about anything? But the benefits of trading options versus equity trades are what? No margin requirements, no day trading margin requirements. The only cost is the price you pay for the trade. You can make active money. You don't have to be in the room every day and you'll get huge trades like this. I do think it's best to do both. It's absolutely best to learn the system. I do think it's important to learn both and I think it's important to do both because you don't get big trades like this every week in the options and you can make chunk it, chunk it, chunk it more by being in the room because we get way more trades in the room. I do not call options trades every day. Just so you know. So the letter, if you're on the letter, it's whenever I see a trade. It could be one a week, it could be five a week. I don't know. But the day trades, we get way, way more and you can make a good return investment. If you can't be in the room, that's certainly option really is the options but it is something that is definitely you've got to still learn how to read a chart because you might have killed that trade on Friday. I don't think anybody did but the trade I called, the second trade I called today, I don't know if everybody did it because of the fact that I called it so late and it fell so hard that I don't think everybody did that trade. I'll have to find out later. Anyways, if you want to have financial freedom then you better start thinking like an independent person and if you are in fear and if you're worried and you gotta have everything perfect, you're gonna be waiting forever and life's gonna pass you by. You have to think of yourself as a person that's independent. You're gonna go out there, you're gonna take chances, you're gonna take risks, you're gonna make it happen for yourself. That's what I did for myself and I'm still doing it now. If that's what you want, then you can be successful and if you're gonna sit in the sidelines and wait and wait and wait until everything's lined up, you have all the money in the world and everything's perfect and you have all this time, guess what, you're gonna miss the opportunity. You're gonna miss it. It's gonna go poof like that. You're gonna miss the opportunity to learn from me, learn my system, do it and it's gonna be six months, 12 months, two years down the line and things that are gonna be more perfect, they're gonna be worse because life pays you when you're willing to believe in yourself. It's amazing when you put it out there in the universe that you believe in yourself and you wanna be successful and you want it really, really freaking badly. Guess what, the universe will back you up and will support you but if you go out there like a worry war and you think oh this and oh this and it's on and on and on and on and on and you take forever and you can't make up your mind and you don't know what to do and you're in fear of every trade you take and you can't get committed to training. You don't wanna learn. You say, well, I don't know. Guess what, the universe reads that, the market reads it and you may as well just pack it in because the market's never gonna pay you if you think like that and you're never gonna be successful if you think like that and you're gonna be stuck in the same dead end job for the rest of your life or worse. So you have no one but yourself to blame if you're not where you want because you could change your life today. It doesn't mean it's gonna turn around in a second. That's not what I said at all. It means you're gonna get on the right path and you're gonna start thinking the thoughts and putting the messages that are correct for your own success and financial freedom out in the universe and it's gonna come back to you and it's gonna come back to you 10 times full I'm telling you right now. And so you have the power to change your own mind and the thoughts that you're thinking about what you wanna create in your life. And if you are negative about the market, about trading, about losing, about classes, about your career, about money, okay? Then that is what you're gonna create in your life. You're gonna keep creating more and more and more of it. I'm never surprised when I talk to people and they gave me these crazy numbers of money that they lost in the market. I'm never surprised. And they have such a negative attitude. I think, well, this person has so negative. How do they think they're gonna get, you know, become successful? You've gotta turn your attitude around. The knowledge is only part of it. It's a very important piece of it. It's a huge piece of it because if you don't trade well and you don't learn what I know, it's gonna be hard for you to do it. But if you still have to have the right attitude to do it, to even get to that point because I call it this trade for everybody and not everybody had a great trade in this. Some people made money, some people made a little, some people made a medium, some people made a lot, some people didn't do it. So what's the difference? You know, it's knowledge attitude. So financial freedom can be yours for many people. Many people just wanna do a job they like. I mean, they don't even mind if I have to work 40 hours a week. The nice thing about training is you really don't have to work 40 hours a week. Today was a later day, but the fact is that you didn't have to trade this late today if you got it right out of the game. It's just that I missed it. And quite frankly, if I had, I don't think I would have done it, like I said. But either way, you can learn how to do this, have the proper expectations of yourself, set your goals for yourself. This is a great time for you to do that. It's so perfect because it's not quite January 1st yet. You have time in your mind to get situated in your head about things you wanna do to plan. You can use the next month in December to get situated to get things set up, to start learning and take the class and then start January 1 right out of the gate running and right off your feet, okay? And go for it. So if you wanna learn how to trade, I can teach you in one strategy, one system. And again, like I said, you can work from home. So it's just a question or not if you wanna learn. I do think it's very valuable to learn how to do this. In fact, I think you shouldn't trade if you don't know how to trade. And NVIDIA is a great example because traders were going along that stock. In fact, I had someone email me the other day, he's like this one room, I'm in, we always do the opposite of you and I don't know what to do, I'm so sick of it. And he's right, okay? So the rating system is the key. This is the critical piece of what I do. It measures gaps where I rating them in the daily chart to find stocks to trade that have number one, a high probability of directional bias for the entire day. Number two, a big move in the day like NVIDIA, huge. Early confirmation of the bias which we got today, we got that today in the NVIDIA between 9.30 and 10. And precise entries with follow through and a good risk to your target potential which is really, really nice. So how can you achieve your goal? You chunk it out, chunk it, chunk it, chunk it. And then eventually you will get days like today where you have a huge move and a huge trade. The more you trade, the better you get it, the money comes easier. And then you're not so upset when you have a trade that's a loss, it's not the end of the world. And you don't go hog wild and trade all day and lose your account. You take one trade, it doesn't work, you say, well that sucks, but I'll do another one or I'll stop for the day, okay? You have to be consistent though, consistent with what you're doing, consistent with the share size, consistent with the risk, consistent with the strategy. And it's just a function of the more that you risk, the more you're gonna make, okay? So what would you learn from me? The golden gap system. That NVIDIA was 24 points. This is a 26 point professional, bearish gap rating system and the purpose of the system is to help you evaluate which gap to trade each morning using a checklist. This checklist tells you what to trade, when and in what direction. And the 26 point checklist predicts directional bias and a stock and that is how you are going to make money in the market, my friends. You will never make money if you're in the wrong direction, you will lose. It's just that simple quite frankly, but figuring out what stock to get and in what direction is not so simple. So one strategy is all you need to be successful in the market and you do not need a general overall broad base of you to make money, you don't need to know fundamentals at all, you don't ever have to have traded in your life and a lot of people know tons of stuff about fundamentals and it doesn't serve them at all. I have no idea what they're earning set on NVIDIA. I don't even care, okay? Learn how to read institutional money and price patterns and gaps and you don't need to do anything else. You can do them as options, you can do them as swing trades, you can do them as day trades because if your reason for doing this is to make money then that's all that matters people. You will do other things with your life. This is fun and it's fun and you make money and that's fun and you have to have a positive attitude about it but ultimately you wanna do other things with your life. Doing this and being successful allows you to pay your bills and then you can do other things with your life. Spend time with your family, not work as hard, go on TV is what I'm doing. So you can do other things, you don't have to be trapped to a job 60 hours a week, okay and still merely getting by. The idea of trading is just to make money to support you. It's not like you're changing the world when you become a trader, I mean it's seriously. You're not changing the world here. So if I bought the put and it does go up, do you still go flat at the end of the day? I hold the put until it expires. Are you talking, is this a generalized question? Are you talking about NVIDIA? Are you saying you're gonna buy NVIDIA tomorrow morning or are you just saying, is this a generalized question, Joel? God, you people, I honestly, honestly, I think you're chasing this. Here, I mean, first of all, for everyone that's in the trade that I called today, you hold it through, but you could have got out. Gallowhead could have got out today. That's 450 bucks you could have taken it. If you are still in it, I think it's good. If you didn't do what you wanna do and it's lower tonight and the after hours tonight, now I don't know where this opens tomorrow morning, I don't know if it gaps down. You can't take this trade now tonight. You can own, the market trades options, you can take a little bit before and a little bit after, but it's way too late. You'd have to wait until tomorrow and I don't know where this goes. I have no idea this could open tomorrow at 1.43, it could open tomorrow at 1.52, I don't know, because I also don't know where the market goes tomorrow. I'm saying this is lower between now and I called it November 30th, so if you did the trade today, your price is good. If you wanna do this tomorrow, I have no idea where it opens. If you wanna do it and it goes fine and if you wanna kill it, if it goes against you, then fine. I don't trade like that and I'm not telling anyone to trade like that and if you wanna learn my system that you do it, you sign up, you get in, you get the letter, I mean, I'll call another trade like this for sure. I call trades like this all the time. So, I mean, I wouldn't chase this. I really don't wanna see people lose money because we're chasing trades that I'm talking about in webinars. This was an example of something that happened, it was great. If you happen to be on the letter or the room you got it, I have no idea if this opens tomorrow morning, it could be $3 down, it could be $3 up. I think this is gonna be wild. I think at some point this could look climactic and then people are gonna try to buy it, but don't buy this. Don't buy this ever again. That's my advice to you. To chase this now would be a poor choice, I think. That's gambling, that's gambling, it's gambling. You wanna make money, so don't chase it. Okay, in general, the stop loss has to be the same, it's determined by you, you and you're alone and based on the size of your account. I'm telling you in order to make this kind of money, you gotta risk between $1,500 and $2,000 of trade. That's it, that's your risk, your risk is your risk. The trader stops or it doesn't, that's it. There's no squeezing it in or whatever. If you take the risk, you let the trade play out, that's it. That's how I do it. So you determine the risk, you take the trade, the trade's gotta play out. There's no killing it, it's not taking it, quit killing it. And you know what, I know people that do that and they run rooms that do that. You determine if you're gonna risk whatever. If you say I believe in this and I love this sucker, I'm gonna risk $1,000 in this option trade. I'm pretending I'm you. And if you do that on Friday and you say I love this, this is gonna go. But it didn't go on Friday, it did not. But you risked $1,000 and you weren't up and in fact you were down. Now say you were down and you, the option, say you were down 300 bucks. If you had killed it, you would have been sorry. You gotta let the trades play out. If you don't wanna risk 1,000, then don't. Then you risk 300. If you're nervous when you're down 300, well then you clearly shouldn't have risked 1,000. You must let the trades play out. That's it. Whatever risk you take, you let them play on out. Whether it's the day trade, whether it's the options trade, I mean, I wish that every single solitary trade I called on the planet went the second that I called them. And I know Gallahad gets annoyed that that's not true. Gallahad gets, if I don't call it traded, it doesn't go immediately like the video then Gallahad has the conniption. I'm sorry that not every trade that I call goes to be huge in the second. But they usually do. I wish I was like that good. I am pretty good, but I'm not that good. Although sometimes they do or like that. I mean, you gotta give the trades a chance to work. You must be prepared. You must be prepared that the trade is going to wiggle and jiggle. And the wiggling and jiggling could happen in the day trade. The wiggling and jiggling could happen in the day trade. You could take the trade. You could put the stop in. Look, this is gapping down right now. I'm just watching this here. You could take the trade and you could be in it and it may not have stopped you out in a day trade I'm talking about. And then you might be down and then it might go on huge. And what if you killed it? Oh, that there's trading rooms that trade like that. That is, I'll tell you what that is. It's called zero conviction. It's called the opposite of conviction. It's called negative conviction. Don't take it down in trade if you don't believe in it. And don't take the risk in it. If you don't think it's gonna go, you gotta give trades a chance to work. I'm not directing these stocks. I'm seeing it, I'm predicting it. I'm saying this is gonna happen. I can't tell you the exact time, second minute and exact moment in time every time. But I'm telling you that it's going to and high odds show therefore take the risk, give it a chance. In general, you should never risk more than you were prepared to lose in a trade and I'm not killing trades willy nilly. And people that run rooms that do that is zero conviction. In fact, as far as I'm concerned, they don't know what the heck they're doing because they're taking pot shots. Well, we'll take this and if it goes, well, if it doesn't, we'll kill it. Well, we'll take this other one if it works right at least we'll get out. Well, we'll take this one. Well, we'll try this one here. Well, we'll do this one. And all of a sudden you got 20 trades that you did. You're up 250 bucks, you're just in 20 trades. You're like, what the heck did I just do? And you have a P.U. Chetic and it's only 10 45. I mean, that is how people run rooms and trade. That is insanity to me. Now, this is a late trade, but to take a train to be up in it and just let it go, do-do-do-do-do-do-do, that is totally not stressful. That is a beautiful thing. That's no stress at all. And sometimes I get annoyed in the morning if somebody doesn't go right away and that's just because I'm very impatient. But when you take a train, if you got a way to let it run out a little bit, that's not the end of the world. If you're in one thing, one thing, you have to have a little bit of patience. I know people take trades and kill them like that. If you start trading like that, you're just gonna be like very jittery, like, ooh, ooh, wait, it moved it. The market, Trump tweeted, now it's up, now it's down. I mean, that is not a professional person. Do you get where I'm going with this here? Don't trade like that. As far as this goes, I don't think anyone should be doing any late calls that I make. I'll make a million more, so just, if you wanna get on board, you get on board. I wouldn't chase this. Anyways, you can make money, you can work from home, I teach a class. The next class is December 15th and 16th. I am running a Black Friday opera through next Sunday. Today's your lucky day because I'm giving $1,000 off the class and a whole bunch of other stuff. Class is normally $59.99. Black Friday sale through Sunday, November 25th is $1,000 off the class. You sign up by Sunday, November 25th. You wanna do the combo class with the trends and the golden gap, you'll still save $1,000. It's $54.99. Black Friday is 40% off all of these things. If you wanna do one of these other things, just the option letter, sign up is $29.99 for the year. You would've gotten these calls in NVIDIA. The room, you have to be a student to sign up. If you're in the room, you get 40% off everything. The class though, for the golden gap course, I'm giving the trading room free and the options letter free for one year. So you could do the class, save $1,000, get the trading room for a year, the options letter free for a year, and the wealth class. So I also have this in here if you want mentoring sessions, no requirements for that specifically. But if you wanna get in and learn before 2019, you can get the letter free and the trading room free for one year, do the class and save $1,000. And if you wanna sign up for my class, I'm telling you right now, the price will never be any less than this. If this is the cheapest you're ever gonna pay for my golden gap class, it's 49.99. You got till next Sunday. I'm gonna follow you forever. I have no idea why you haven't signed up. You know, you love me. I think someday though, I'm probably gonna stop teaching the class and some of you are gonna miss and never get to learn from me. Hope it doesn't happen for some of you. Don't chase the video, don't chase it. But you can learn from that chart. Any questions, any questions from anyone. I am off for the rest of the week except for TV. And I'm having fun in New York, so no trials this week. If you want to sign up, you can email me. I am in the city. I'm gonna be on TV a lot. And I will be around if you wanna sign up for the special, it's here. Some of you have done a million trials anyways. That's my email. Congratulations, Galahad, before I leave, what are you gonna do with Navinia? Cause I'm off in the room tomorrow and I know Jira's running the room. So tell me right now, where are you gonna get out of this sucker? Tomorrow, where are you going to exit this trade? Go. 140? 142? If you're up $1,000, what? Galahad is a student. And he's actually listening to me. Galahad, are you there? Eric, email me your question and I will answer it in the email. 140 will be good. If it gets to 140, I think you're gonna be about $1,500 or maybe $2,000. You can stomach it. Listen, let's look at the market quick. Any questions from anyone about anything at all? We set the low of the day here at two o'clock. Two o'clock. Oh, the cues kind of fell into the close here. I said that this morning, the cues look weaker than the spy. Listen, have a happy Thanksgiving everyone. But don't talk to any of you. And if I do talk to you, if you're interested in the class, email me. And think about the things I said tonight. Good lecture, great day. And Didi, I've got you in the class for December. Galahad, good luck on the video. I think you can do it. Trying to think of something else I was gonna say. Happy Thanksgiving, Galahad. Happy Thanksgiving, everyone. Great trade to go into the Thanksgiving week. Perfect, perfect, perfect. All right, have a good night, everyone. Email me if you have any questions or wanna sign up for the Golden Gap course. Think about it, you got till next Sunday, that's it. You're welcome.