 Good afternoon everyone and welcome. This is Melissa Armo with a stock swoosh and here I am today reviewing Google so I'm already out of this Now that there's anything wrong with that because I made really quick money taking this trade I was long Google calls that expire Friday. I bought them here on the Tuesday No, I bought them. No, I bought them Monday. Is this Monday? No, this is here. No, I bought them Monday get out of them Tuesday today's Wednesday. Let me know what day it is My life is so busy. Anyways, I bought them Monday sold them Tuesday Now what was the reason for doing that because it had to move up yesterday And I had doubled my money in the trade of the profit that I took of it so that made sense and I'm realizing more and more and more and more that That's what I want to do You know, you can hold these trains these overnights and the options for longer And I've done some out for several weeks, but every day that goes by you're losing time value Sometimes you get bigger moves if you hold them if you have the patience to stomach it but I'm realizing that I may want to increase my risk per trade and Quickly get out because very often I'm taking these trades Very similar to my day trades these option trades and they're going right into the money. I mean that is how good I am Predicting where it's going to go immediately just like my day trades I just have I have an amazing skill to be able to predict where stocks going to go right a ways and in the long-term trend in between right now and the long-term trend is XYZ number of days and weeks and months or could be years and that's the thing if you are Someone that has to make money right away is then the best thing to do is to day trade with me Or do the options trades with me and get in the right entry with the right pick I have and get right out when you're up and that is I think what many traders need to do to be successful And I'm finding that I like to do that the best even though I can get bigger moves sometimes these options trades This this looks great looks like it's going to go up go up over 770 follow through we got two days left in the week I'm already out of it. Could I make more money in this if I held a little bit more? Yes, maybe but you know again I was up very quickly low stress and Easy money, which I find is the best So I'm very good like I said at predicting where something's going to go right away So I can take the trade and take the entry and have the pick I can tell is going to go to a certain number right away So that's how I'm doing these then I can also tell in the longer term where it's going to go For example, I know that Google will recover kind of looks crappy here right now in the picture in the last two months But it will get over this area of 780 788 790 787 90 really once we get over this area here at 787 85 The stock should look amazing again It's still in an uptrend, but it doesn't look so hot, but it's fixing itself Today is really actually very good because it it opened today fell drop dramatically into a cell set up And then flipped it down is over yesterday's high So today was really a big reversal for the stock, but you know to get through this bar here It's take it's definitely taking some time that was back a month ago But the reality is that once this gets up over that level of resistance The stock should fly and probably will make a brand new all-time high although I don't I don't see us necessarily doing that for the end of the calendar year. It's 12 7 we got till 1230 1231 whatever So probably the market, you know, will continue rallying and I in Google will rally too But I don't see this hitting up over, you know, 816 68 the last all-time high in this by 1231 But it will okay. That's the point. I'm trying to make so I can predict where somebody's gonna go right a ways on the day You're the next day Like you could have bought this today You could have bought this today when it flipped you could have bought it And you could have made a good amount of money on this today as a brand new trade Not just the one I did you can do the same one and just bought it today again and sold it today again Anyways, this here. Okay, we'll do this in the longer term just like I can see where somebody's going in the short term I can see where somebody's going in the long term, but between now and then what do you do? You wait are you just do the quick trades or if you're in something for the long term You have to be in it as a swing trade unless you're doing an option out for a very very long time And so I think the beauty of what I do in reading gaps because that is how I'm able to get the entries That's how I'm able to get the picks That's I'm ever to read price action because I taught myself how to read gaps and when you learn how to read gaps Right, you will get better predicting stock movements That's the point I'm trying to make the whole point of this lecture here for the last five minutes It's if you can become good at reading gaps gap analysis itself. You actually can Predict the directional bias the stock will go because you will get better at reading Charts you will get better at reading patterns. You will get better at reading price analysis price movement You will get better much much much much better at reading directional bias and charts and therefore You will be able to see things like I see them To take an immediate entry that goes right into the money in these trades And I have had a higher success ratio with that in the options really then the then the day trades It's like 90 some percent or something that I've had for these options to take it and go right into the money I think there was one that didn't in the last year so that I'm in this is crazy But I'm realizing that I really do like the fast money. I definitely can predict quick directional bias very well Where it's going to go right now next day and I'm also very good at predicting in the long-term trend But when it gets to that number when it actually gets to the number is an unknown factor and I guess that's the point. I'm trying to make can anyone ever determine that the time You know something when it will get there You can say well Melissa of course it's of course Google was going to go back to this number No, not necessarily it may not necessarily at all. I'm telling you it's going to and I'm telling you 820 825 838 358 50 Google 2017 and possibly beyond but but no the answer is no not everyone can predict that Because I've very often seen numbers on this charts and other charts to I'm just using Google as example the market I've really done a great job with though Telling you where something's going to go in a number that doesn't exist because there is no number over this high here over 816 68 on the chart anywhere anywhere at all Okay, and it and no one's saying it has to go even back to that number the chart could break it could fall It could gap down it could break it could fall and turn around and go into a downtrend that could happen That could still happen. I could be wrong. I'm not going to be but I could be wrong Okay, the point I'm trying to make is that Without an analysis or correct understanding of what? Institutions are doing with the chart. It's hard for anyone to predict you can say well Go long on support and short resistance, but there's a million support resistance levels and that is in a strategy It's reading what the institutions are doing and who's in control of the stock that tells me ultimately When the control is continuing or when the control has flipped which sometimes it does people Okay, sometimes the control flips in a gap and this is where The analysis comes into play of the 26 points Which is what I do and the reason for my success and the reason for my student success Hope what I said today makes sense, but more and more realizing I Do exceptionally well with being able to predict where stocks are gonna go right a ways and in the long term is very unusual It's very unusual that I can do both very very well But I can't predict the timing of the long term when it's going to get to the number And I don't know if anyone can maybe someday. I'll be able to do that if that ever happens Boy, I'll really be a genius For now, I'm just gonna keep doing what I'm doing And I'm making the calls in the long term and doing the short-term trades as I'm doing here to make money for myself and my students But I will tell you that is all based on reading the gap and that is how I was able to get to this point most traders that are Good traders are either good at one or the other. They either really really good at predicting long-term trends Can't predict short-term movements or they're really good as day traders predicting quick fast movements Or scalping and can't predict a long-term trend or where a stock will go to save their life. I have a very very Unusual gift that I can do both. However, I cannot predict the timing of the long-term moves For the short-term moves. It doesn't matter. I get in and get out the date I'm in it for the day trade or I get in and out the next day or the next couple days for the for the option trade So good luck everyone and congratulations to everyone did the Google I gave it to the whole list and everybody got it and if you want to sign up for the option letter You can basically if you sign up now you get all of 2017 and it's gonna be a big year I think 2017 I think it's gonna be a big year for for me for the stock swish and also for the stock market I thought the stock market would have a big year this year It did have a good year comparatively the way we open and closed or where we're gonna close But we didn't have as big of a year this year in the market as I anticipated and thought I think it's gonna happen in 2017 and I think now that the presidential election is over that has That will have a lot to do with it as well when Trump takes office Congratulations everyone have a wonderful wonderful day a wonderful evening wonderful rest of the trading week Email me at lonesetthestockswish.com if you would like more information The next golden gap class is actually going to have live trading and it'll be on a Sunday and a Monday December 18th and 19th the very last class of the calendar year of 2016 have a great day everyone and email me at molestethestockswish.com for more information