 The broadcast is now starting. All attendees are in listen-only mode. Good afternoon, morning, and good evening, everybody. I just want to do a quick sound check to see if you can hear me and see my screen. If you can type in the little checkbox and say yes or no, but you will be able to hear. Fantastic. We are going to start her up right now. Good afternoon, and I am Amy Boggs, as I stated before. Welcome to another edition of Traders Exclusive. If you want to learn to trade like the pros, this is the webinar for you. Check out our website, tradersexclusive.com. We post new content every day from video clips to articles, some of which could be helpful to your trading. You will also find archives of past webinars under trader education. Then go to educational webinars to the left side of that web page and then down to archived trader education webinars. This is where you will find today's because, yes, I am recording it and I will post it later tonight or tomorrow morning in all previous webinars. But before we continue, I need to do little maintenance. Before I introduce Melissa Armo, I need to point out that trading and options involve risks and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of characteristics and risks of standard eye options. This is available from your broker by calling 188 options or from the options clearing corporation here in Chicago, Illinois. And please hold all questions until after each presenter is finished. We will have a Q&A session at the end of each presentation. So first up Melissa Armo founded the Stock Swoosh LLC in December of 2012. The Stock Swoosh LLC is an educational firm that empowers traders with a complete and detailed system to become a profitable trader. She was employed for several banks and brokers in Pennsylvania, Florida, Arizona and New York as a mortgage broker for 17 years. She changed careers from banking to pursue a security trading career in 2008. She is a self-taught day trader with over five years of experience. Melissa's specialty is a trading strategy that focuses on shorting stocks that gap. So without further ado, I'm going to hand it over to Melissa. I'm muted. If you can hear me and see my screen, how does it look Amy? Hello there everyone. It looks fantastic. Thanks so much for that nice introduction, Amy. And welcome everyone. Thanks for coming today. Proud to be here. Always nice to visit traders exclusive. So wonderful of them to have me today. And I'm the first speaker. So my name is Melissa Armo and I own a company called the Stock Swoosh LLC. Today's webinar, my topic is going to be about making $1,000 a day trading gaps. And for those of you that do not day trade right now, I'm going to talk about day trading. And if you don't know what a gap is, I'm going to talk about gap trading as well. If you'd like more information after the webinar, you can feel free to email me at Melissa at thestockswoosh.com. I also have a lot of videos on my YouTube site. I do market reviews, trade reviews. You can go there and watch past webinars as well. And if you would like more information, you can feel free to contact me by phone at 602-799-5754. So let's get right into it today. I like day trade. That's what I love to do. There's lots of different people out there that do different types of trading. But if you've never thought about day trading, then maybe that's why you're here today. Or maybe you want a day trade, but you just don't know where to start. Maybe you're here because you actually trade now, but you don't have a reliable strategy that can make you this kind of consistent money. What am I talking about? I'm talking about $1,000 a day. And actually $1,000 a day comes out to be roughly about 20 rent a month. There's 20 trading days in the U.S. stock market a month on average. Give or take holidays. And that's enough to make a career out of being a day trader. That's what I do. I've been trading now for over six years going into my seventh year, and I've never done anything but day trading. And I trade the equity market. Also, if you're out of place in your life or maybe you feel like you're behind, you're behind in your life, you feel like you should be making more money than you are. Maybe you finished 2014, got your W-2 or getting ready to get your W-2 and thought, you know what? I just know that I can make more money than I am right now doing whatever it is you're doing. Maybe it's a full-time career. Maybe you are trading, but you know you can do more. If you feel like you're behind the eight ball, then you're here today to listen about the specific strategy that I trade, which is actually very profitable because no one should start out the beginning of a calendar year feeling negative. Everyone should start out in January fresh at the beginning of a calendar year, which we're at in 2015, feeling very positive. And you need to be positive if you want to manifest positive things in your life. It is never too late, okay? I don't care if you are 45 or 55 or 65 or 75. I had someone email me last week, I think it was. And he said, oh, you know, I'm too old for this. Well, you know what? If that's your attitude, you've got to change it because it is never too late to become successful in your life, okay? Whether it's with your career, whether it's with training, maybe you've been attempting to trade the market on and off for the last 10, 15, 20 years. It's never too late. I've taught people anywhere from ages of 22 all the way up to 72. And I've only had the business for a little over two years. So that's a really wide range of people that I have taught as far as the age range. It really doesn't matter what you're doing, what your experience, where you are at. It is never too late to better yourself and better your life. And sometimes it's about, you see this guy right here. It's just about standing up and looking outside of the box. And this is really what we're going to talk about today. I'm a very out of the box person. I'm a very individual person. I'm a very unique person. I'm sure everyone that knows me, trades with me, has taken my class to say this. They had with the Describe Melissa Armo. They say this is a very, very unique person. Like never going to meet another person like this on the planet. And this is kind of where I'm asking people to step out of the box with their trading. And this is what I do in reference to my strategy that I trade every day in the market, which is in gaps. So I want to inspire you to think about getting up outside of the box, changing some things that you're doing. And you can manifest the financial goals that you want for yourself this year in your life. Because the time is now. It's 2015. It's five years. It's going to be 2020. And here it is. It's 2015. And now is the time for you to make some important changes in your life. It is never too late. If you think it sounds too good to be true that you can make $1,000 a day trading, then stop and think again. Because it can be done. How, how is it possible? Billions of dollars run through the market. Billions and billions and billions. So the very idea, if you think about it on a scale, if you think about it on a big, big scale, earning $1,000 a day as a day trader means you'd only be taking a small, teeny, weeny piece of what the market offers on a daily basis. Day trading is a very profitable way to trade. And after you book the trade, the money is yours. That's a nice thing about it. It's not like you have to wait to get a paycheck like you do with a regular job. Whether you get paid once a month or bi-weekly or once a week, as soon as you make the money and the trading you're out, boom. And you book it before four o'clock Eastern time, the money is yours. And it's also a very highly lucrative and expeditious manner to make money. So how can you do it? This is what we're going to talk about today. It takes more than hard work. I'd love to say, well, if you want to be a good trader, you have to work hard. Does it help if you work hard? Yes. But there's a lot of people, and I've met a lot of people that actually work very hard, but they are not successful. So it really takes more than hard work to get to this level of success as a day trader to be able to earn $1,000 a day. It takes focus, concentration. It also takes ingenuity, okay? And a detailed plan of action to trade. The number one key ingredient to becoming successful as a trader is having a specific strategy, which I do, and we're going to talk about today, that can offer you reliable and consistent profits on a regular basis. It may sound like, well, you can understand that you can make $1,000 on one trade. The idea is to consistently replicate that so that you can count on it for something that you could do for a living or a career if you want to quit your regular job. So this type of trading success and financial success in the market is really by pure design. It is not something on a whim, okay? And what does it take? It takes having a niche. If you want to trade like everyone else out there, then your results will be like everyone else. And the truth is that a lot of people don't make money as day traders in the market. Some people break even. Some people make money some of the time, but it is very challenging for most people to make money day trading consistently. It's the consistency, okay? And this year is going to be a year that's even more important than ever for that. And I'll talk about that briefly here. The market, the spot to QQQ is the market ETF is going to have an amazing year this year. And it's going to be one of those years where if you really know how to trade this year, you're going to have an enormous year or the potential for it if you do the right thing. And a lot of people are looking at the market right now as something that they think is going to do a certain thing, but it's not. And it could be a challenging year for people, even if they made money last year as traders in 2014 or 13, because the market is tricky right now. And if you don't know what to do, you can get tripped up, okay? If you want to have outstanding results in your trading that you need to be different, you need to learn from a trader as talented, has an edge, and that's me. I have a very unique method and strategy that I trade, which I alone created. I have an edge and a lot of people talk about this. What does this mean? How would I define an edge? An edge is something that is unique, something that sets me apart from everyone else definitively. Like, not even close. Like, the bar is so far raised by what I do that I am so good at doing what I do that is not even close that anyone else can do what I do as well as I do in gaps. Like, not even close. I read the first five minutes of day of a stock that gaps up or down and the market every day. Money Tuesday, Wednesday, Thursday, Friday with accuracy, okay? That is my edge. And so, when you're entering a stock, in that first, first part of the day in the open, you're getting the best possible price for it to set up to get the momentum that the stock will move all day. Whether you stand it all day or not is up to you. And I'm talking about longs and shorts. Although as Amy pointed out, I really love the shorts. I am going to talk about a long in here from today though. So, my edge really is one reason I've been able to call the market so well. Here's just a clipping of the spy. We'll see how the spy closes today. But the long and short of it is that 2015 is going to be a very bullish year in the market. And I'm one of the few people that are saying that out there. However, I've been calling the market well. You can watch all my market videos back from the last two years in trail. I've been calling the market. Market is strong. It's going to remain strong. It's going to continue to rally in 2015. How am I able to do this? Using my specific method, which I use, which is trading gaps to read the market gaps because there's gaps in the market. And that's how I know what the market is going to do. And this is giving me an edge because a lot of people are thinking the market's going to crash. Combine that the market started a downtrend, but it actually is fine. The market's not doing anything wrong. The market is really, really, really, really strong. So why is an edge important? Because you want to set yourself apart from the crowd because there's big, big crowds of people in the market. All right? So you've got to set yourself apart so that you are not following like what the masses of traders are doing out there since the masses of traders actually losing money. And you don't want to be like that. You want to have the edge so you can be different. And it's important to be different in reference to trading. It's really about working smarter, not harder. Okay? Again, working hard is great. I encourage you to do that. But it's really about working at a higher level, which may not necessarily mean more hours. Actually, I only trade for a very short time every day. Sometimes I'm going to trade for five minutes. All right? I only have the trading room open until 11 a.m. Eastern time every day, and I'm talking for most of the time. Every once in a while, I'll hold a trade in the afternoon, but it's very, very rare. So this idea of making this kind of money also happens quick. All right? So making $1,000 a day is achievable if you set yourself on the right path. The number of successful people in the market is small in comparison to the number of people in the market. What's the reason for this? Because a lot of people do not have the correct and proper focus when they're sitting down to trade. And they educate themselves on things that they think are correct, which no one can blame them, except for they really don't give them that edge. Okay? They're very, very mostly what I would consider basic principles of just chart reading, for example. And it's not in depth enough, advanced enough, pinpointed enough, focused enough. Again, it's the kind of idea where this thing about being a jack-of-all-trades a master is numb that doesn't work for someone to be successful in the market. It doesn't work if you want to be successful to make $1,000 a day or $200,000 a year trading. You can't be a jack-of-all-trades and a master of none. You actually have to be a master. Boom, at least one thing. And I'm not saying you can't be a master of more than one thing, but you need to be at least a master of one thing. And actually, if you can be a master of one thing, you don't need anything else. Because you can just make more money then, risking more on that one, one, one thing that you're a master of. It's really also about the fact that many people are not successful trading because they misunderstand the value of money and their specific thoughts surrounding money. We're talking about this in the trading room the other day. Fear comes into people when they trade. And you know what's interesting? People can be in fear even when they're up. That's what's transpiring right now with some of these red days in the market. Now there is shorting coming in. But there is actually people are in longs and they're getting scared. And they're exiting their longs in as a scaredy cat, okay? Because people could be up and still in fear. I know you say, well, you think about it. You're like, gosh, it doesn't even make any sense. But it's true, okay? So sometimes people are in fear when they're down. Well, a lot of times people are in fear when they're down. But sometimes people are actually in fear when they're up. You cannot be in fear if you want to be a successful trader ever, whether you're up or down. You have to have 100% conviction what you're doing. If you have an edge in what you're doing, you will have conviction in it. Therefore, you will not be in a fear-minded thought process, okay? This has to do with the understanding the value of money, how you have the power over your own mind, and money as well, and your thoughts surrounding money. I talk about this more in a class I teach called the wealth manifestation course. It's just a three-hour course. But these are all the things that you need to be successful. And a lot of people don't have them. A lot of people just don't have the wherewithal. I have a saying I call it, align yourself with like-minded people. This is a picture of me. This is what I look like. Align yourself with like-minded people. If you want to be successful, you have to align yourself with people that think like you or someone you want to think like, or someone that is successful already, I am successful already. In my method, in trading as a day trader in the market. If you want to be successful, you need to align yourself with like-minded people. Align yourself with people you want to emulate. This is a picture from my living room in Manhattan, okay? If you want to be successful, you need to meet successful people. If your attitude about money, wealth, happiness, manifesting, things that you want to create in your life is poor, negative, you need to change that and start aligning yourself with the right people. I always say that people that come to me that learn from you, there's so many people out there teaching stuff all over the place about the market. And I always say when the people come to me, they come to me because something that I say resonates with them in their heart and soul and mind that they get what I'm saying and know that they have the highest odds of success to become successful as a trader with someone like me on their side to teach and mentor them. So either way, if you want to be successful, you've got to align yourself with people that you want to emulate and people that are already successful because success is contagious. It's the same thing with the opposite, okay? You can be having a bad day. It's like one thing happens in the morning and you know what I mean. It's like one thing happens in the morning all of a sudden, oh, this thing, that thing, that thing, and your day is out of control and you just want the day to be over. It's the same thing with a good day. What do you have a good day? Oh my gosh, you had a good trade. You're up all this kind of money. Then all of a sudden you go out at night. You have a great night. You're on a date. Everything. Success is contagious. Happiness is contagious. You want to be around positive, successful people is contagious. This is one of the reasons why I find a lot of traders fall into this trap. They're, whoa, is me with their friends that are losing and they're losing too. That doesn't help it. This is an independent activity. You have a mentor, someone like me, to help you, to train you, to learn. You've got to stay in that place of success. If your friends are losing, stop talking to them. Commiserating and whining about things that are happening or poo-pooing the market or stocks or trades that you did doesn't help you get to the point where you were successful and doing it and making the money. Because ultimately it's you. It's ultimately you. You are the one that is pressing the buttons, taking the risk of your own money when you trade. So how can you make $1,000 a day-dates trading? This is what you do. Focus on one strategy. My strategy is called golden gaps. We're going to go over some examples and talk about it here in a minute. Number two, you pick the best golden gap possible each day. How? Using a rating system. I created a rating system to pick it. You can use it for any stock or ETF, although I prefer stocks, companies. It's a 26-point rating system. Number three, you're going to use a risk amount per trade of approximately between $400 and $500 a day. Could you have some days where you make over $1,000, risking less than $400? Yes, but I'm being conservative. So I'm using an advanced risk of between $400 and $600. Could you risk more than that? Sure. And just make more. Number four, you take an entry in the best qualified golden gap on the one-minute chart. I trade in the one-minute chart into the open. We'll talk about that today, too. And number five, you do not trade when there are no good gaps. If there are no good qualified gaps, no gaps that meet your criteria per the rating system, then you lay off. You don't trade. This is another thing that's a sign of a professional why it's good to have a mentor like me on your side to say, listen, there's nothing good today. And then you don't do anything. And then you don't lose money because trading is one of these things where not only are you out to make $1,000 a day or more every day that you trade. You also realize that maybe one day you won't be able to do anything because you don't have a good gap. But then maybe tomorrow you'll get up and you'll make $3,500 in the trade in a good one. So it all evens out. This $1,000 a day is on average because you might not trade one day in a month. And then you're going to have to do nothing. All right? But then one of the other days in the months, we're going to talk about the gap. So let's talk about here what is a gap. This was a chart here from today. Actually this stock is one to the dream target. This is EA. This is a bullish gap. What is a gap? This is the strategy. The strategy is gaps. I just want to show here where the stock opens at a different price in the morning at 9.30 and then close the night before. And these bars actually aren't accurate. There's something that was messed up here on my platform the last couple of days, just so you know these are not actually gaps that formed and closed. But the stock did gap up this morning from the close of last night, which was on Tuesday. It gapped up at a different price. This is EA. That's the chart. So you could have gone long this today. First you would have found it and then you would have rated it for the 26 point rating system and then you would have looked for an entry. Now this is the strategy. Here, this bar, it's gapping. Okay. This is a daily chart. It's a daily chart of this stock. So a gap is just that when something closes at four o'clock eastern time of the U.S. market close and opens at a different time when it opens in the morning, which was at 9.30 today. And you can see it opened at a different number. That's all that a gap is really. All right. Now I termed my system golden gaps. What is a golden gap? A golden gap is a gap that moves in the direction of the gap. In the case of EA, it was a long. It is called a golden gap because institutional traders and investors are making and creating the gap. A golden gap rates 20 points or more per the 26 point rating system. So the rating system tells you whether or not EA is a long or a short for a long it has to be rated 20 points or more. You don't need a perfect score. In the case of a bullish golden gap, institutions are buying the stock. Therefore, the stock was higher in the trading day. That is how EA is now up over $55, I think before we started here, I looked at it. In the case of a bearish golden gap, institutions are selling and are shorting the stock. Therefore, the stock moves lower in the trading day from the price of the open of the gap. This is why I prefer bearish gaps actually because gaps that gap down have two things happening in them to create the gap, shorting and selling. Therefore, they have doubled the potential for a move, which is really, really why I prefer to short. Also, shorts happen fast. So who makes golden gaps? They are created with large institutional money. That is what makes the gap. The professional gaps that happen and play out in stocks are formed by one thing and one thing only, large institutional money. It's called professional money, power money. There's lots of names here I can say for this. But this is how you know. You confirm the large money will flow with it, with the gap, by having the formula and using the formula, which is the reigning system. And therefore, you qualify the gap and you get confirmation and conviction that the large institutional money is on your side and then you play it. Gaps are what I term an event. It's an event in the life of a chart. It's a technical analysis, but very, very specific because I'm using this 26-point system. And really, gaps create a sense of urgency in both directions, long or short. Thus, an action is being forced by participants of the stock. This is why gap trading is incredibly powerful and the moves happen and they happen large, like in the EA. Trading gaps is a powerful and profitable way to trade because you're trading the side of power money to move stocks. It's what moves the market and we wouldn't make any money as individual traders unless we had millions of millions of dollars if there was in power money in the market to move stocks in the way, for example, that EA moved today. Something to move $3, $4 in the day like that, that is institutional money. So what do I mean by institutional money? Let's just look at an example here. Netflix is a great example. Netflix gapped up on its earnings. Oh, this was last week. Okay, here it is in the 21st. So again, what does it get? Stock closed here the night before, approximately 350-something, and then gapped up the next day here to around 414-ish. So Netflix gapped up. Institutional money bought Netflix or would never have gapped up to this point. Now, if you look to trade this on the live day, actually, there wasn't a profitable long trade in this on the day. However, Netflix has continued to move higher every single day since this gap Netflix is being bought with institutional money. Next target for Netflix is $500. And it will get there. So this is what I mean by institutional money. When something comes in with force that moves it and it could be again, up or down. Now, I made a swing trade call on Netflix back on the day of the gap. If you wanted to do an overnight, this is a very expensive stock to do that, but let's just say you did and you took 100 shares. I'm back and looked at this because someone in the room said that it was expensive and actually this had a good risk to reward. It has already paid you because Netflix has already hit up over 450. Like yesterday was a 457. The first target on Netflix from the day of the gap say you took it at 415. Stop was 380. The risk was $35. So if you took 100 shares it would be $3,500. But it hit the first target, the second target and is almost near the third target. What if you only took 100 shares of Netflix and risked $3,500 you would currently already be up $3,500 within three days and this is what I'm talking about here. This is power, power, power, power. This is institutional. Money for the stock to go almost to the third target in three days that's huge, huge. In a swing trade if you stay in Netflix until it reaches $500 which it will 100% conviction then you'd make $8,500. So if you took 100 shares from the original entry that's a 2.4 payout and that's great for an overnight trade. Now again this is a long. This is a long, this is an overnight trade this is only if you risked 100 shares. I'm just showing an example. So even something with small size you can still have good risk to reward in gaps even with small size something like 100 shares. Why? Because the targets are much bigger and something that's expensive like this. Same thing with Apple and there's other ones too as well. So how do you read the institutional money in a chart? This is a clip here of Apple today I'm not sure where it's trading at this second but Apple actually gapped up and you can see here Apple closed last night and gapped up. It really could have done a better job of itself not just in the gap but on the live day. However you read institutional money by getting up in the morning to determine what you're doing as a day trade by reading the gap and that would tell you what you should do with this Apple as a day trade. So again you read it on the daily chart and you rate the gap with the points. So I have a system that is called 26 points. It's the Golden Gap 26 points. Just go through and check them and you tally them up. On every gap that you see you could do it on every long and every short that you see in the morning. Now I like the shorts not only have I taken it to a separate actual special thing where I'm actually focusing on one strategy. I'm actually focusing on a one direction. That's just me that's my preference I like to short but again I can see and call and rate long just as well as shorts. It just so happens that I prefer the downside because I'd like to be done trading very quickly and early in the morning and sometimes longs take longer to set up and sometimes longs take longer to go. Like for example the EA you had to wait for that to get going today to really really really really get going and I just like to be done trading early but you can do them both in either direction. Now what does the 26 points do? It measures the gap by rating them on the daily chart to find the stocks to trade that have number one a high probability of directional bias for the entire day whether long or short. Number two a big move on the day you want a big move in the day so you can make money. Number three early confirmation of the bias in the move between 9 30 and 10 a.m. I'd like to give my trades very very quickly to get the best entry possible in the one minute chart I'm going to show you in a minute and precise entries with follow-through and a good risk to work target potential. What do I consider good risk to work? Anything that's three risk units or more. Some days I get two, some days I get one and a half, some days I get two and a half some days I get six, seven, eight, nine or ten okay so that's why some of the days when there isn't anything to do you just relax. Now Microsoft actually gapped yesterday Tuesday you could have watched the gap on Microsoft and Microsoft was a short. Microsoft was a good gap. It did not go to the dream target but it was a nice short in here on the day and if you got up in the morning and you knew my system you would have picked it as a top pick and you would have watched a shorted on the day and take an entry. Here's the Microsoft and here's it setting up right into the open. You can see here that there were some green bars here in the Microsoft. I was already shorted and I was shorted with these green bars doing these little things but I had the stop at the right place and I had a hundred percent conviction and this is the kind of thing that gives me an edge because I knew even though this was doing this and it went over the high in here and it did this in here that the trade was valid and I stayed with the trade and here's the money. So the price of the entry was a short at forty two eighty five stop over forty three fifteen this is a good amount of a stop thirty cents and something like Microsoft with this price point this is normal this is good. If you reached four hundred fifty dollars again between four five hundred exit down here dream target was forty two didn't get there you could have made over a thousand dollars one thousand one hundred twenty five dollars risking four hundred fifty bucks risk to reward is two point five that means for every dollar your risk you made two dollars fifty cents this is a good trade let's go back here it is nine thirty this is a one minute chart you're in the trade boom and here again you see here I like to be done trading in this square of time here and that's how Microsoft set up yesterday is the reason I prefer the shorts all right here you can see the stock app and here's where clothes and I before up here around forty seven forty six something and up the next morning down here around forty two something all right so I teach in the class that I teach I'm teaching traders that are with me how to pick the Microsoft how to pick this is a good one how to rate it and then how to take this entry and hold it through something like this to know that it's going to drop and break here's the profit here's the only viable trade actually that happened in Microsoft yesterday there was no other correct entry in this actually yesterday and it was perfect now talking about why do you need a system again if you want to be a professional you want to be consistent you got to have a system you can't be all over the place and like I said not only am I so consistent with my method and entry and strategy I'm so consistent with the direction I'd like to focus on which is shorts but I want to talk about here this was a short as well or a down gap but that didn't work out as a short on the live day this was the stock cat this had earnings out it was the same day as the Microsoft one yesterday but you see here this really didn't play outright at all that didn't work out right as a short on the day so you need to be picky even if you're doing gaps as a strategy you have to be picky picky picky for not only the rating of the gap but also the setup of how it trades in the live day to get the setup on the gap which is what I was showing you here in the one-minute chart so you have to have a combination of everything there together once again this is what is a system and edge when I'm reading the gap I'm looking at the daily chart this is a daily chart for example of cat and then you would hone it down in the one-minute chart on the live day at 9.30 to determine if it's playable even with an entry that you could take it even to get the trade because you never never never never know until something actually opens it's never over to the fat lady sings kind of thing until the stock opens and you see what the stock is going to do on the live price on the live day and you've got to get the entry so you're not taking these in the post to pre-market you've got to wait for them to set up this is something that I teach too but again the nice thing about it the system is that you're looking at the daily chart to determine if the gaps are going to rate well and not to short of go long and then you're honing it down in the one-minute chart to get the risk to reward so that you have a good entry with a nice stop to get the good risk to reward that's how as an individual trader you're going to be profitable because otherwise you can't just take something and not put a stop in how much size are you taking whereas what's your risk time you have to have a set amount that you're risking a set amount of size you're taking it needs to be equal or close to equal for every trade you take and even though you're reading the gap you still have to get the setup on the live live day which doesn't start till 9 30 when the market opens okay now here's another one this was a beautiful one that happened back here earlier in the month this was course and actually did have some follow-through that you could have traded a couple of days down into itself and here this was course stock gap that was back on January 6 and I just want to point out you know there are days where stocks and go to just incredible targets this was one that went like past the dream target and that's why I wanted to talk about this today because Microsoft didn't get anywhere near the dream target on the day but this went past it so this is the one-minute chart of course again you rate the gap you rate the gap in the daily chart you don't know this is going to do this if you close the night before here you see this right down here in the morning and you're trying to figure out what to do here is it going to go long or short how do you know you rate it then you watch it here's the one-minute then you watch it because you rated it and it rated good so you want to short it and you take the entry now again this had a huge move right into the beginning part of the day if you did the first first trade you shorted it at 69.20 stop is over 69.65 this is a great stop actually for this price point it's 45 cent risk you can take a thousand shares and you're risking $450 again your risk should be equal or close to equal of every trade exit into the first shop is 68 total profit again over $1000 one trade quick this trade happened so fast so did the other one 1200 bucks first trade in Microsoft you made $1000 in the first half hour of the day this trade here of course how long did it take you to make this in out it was less than 10 minutes make $1000 a day in less than 10 minutes this is gap trading risk to award again is good your goal is 3 some days you get 3 some days you get 3.5 some days you get 2.67 this is money it's a common day you're done now what if you actually love this course and you had 100% conviction it was going to the dream target actually this went almost at $65 really really really the dream target was 66 it went almost a dollar past the dream target on the day this is a one minute chart I'm just squishing it and you know here's where your entry is if you're trading with me and look what it did all day and you actually would have been in this for into the afternoon if you did the trade entry in the morning and you got out of half in which case you protect yourself you were up $600 you took out of 500 shares you said you know what I love this thing you could have put the stop to break even which it never went over or you could have just kept the original stop and said I'm going to be in this I'm going to be in this to the dream target it went to 66 this is an exit at 66 not 65 I mean it just kept falling but you would have made $1600 then on 500 shares it's terrific and the day in this trade that would have been 2200 risk reward is 4.88 so you will have days when gaps go like this better than expected work much much much much better than expected how do you know you rate the gap how do you know the quality of the gap the rating of the gap from anywhere from 20 to 26 points the higher the gap the better the gap the better the work that it's going to work out as long as you get the setup on the day and the higher the chance of success on it with the higher the rating the level goes to the rating which all goes back to the strategy which is the gap now I do want to talk about this one here I showed it's bullish example again I prefer to store but you can use my system for longs that's one of the ways I've been calling the market so bullishly because I'm reading the bullish gaps that are setting up in the QQQs and the SPI EA was a nice nice quality bullish gap today again we looked at this chart earlier and you can see it right in here okay you could have gone long aggressively here or here in this chart and really the target was 54 so but it actually went into 55 and here's where it is now it's like at the dream target but entry was 52-54 stop is 52-20 risk is 34 cents again similar risk exit at 54 this was almost $2,000 in the day again way more than $1,000 risk is the same the risk is the same on all these trades 450, 450, 450, 450 okay what's your reward is anywhere between 2 and 4 in these you're trading accounts should look like this up up up up up you start out and you're making money every day and as time goes on you should be making more not less so how do you make $1,000 a day you use a risk unit of $400 you can make $1,200 if it goes to $3 $6, $20, $4,000 you will have trades like this you will have trades like this in a month's time but not every day again the $1,000 a day it hits you at $20,000 a month or $240,000 a year and that's enough to earn a living or work as a trader as a career if you can get to the point where you're using $500 again 3 hours is $1,500 2 hours then is over $1,000 with a $500 risk union you have to know how to trade before you can risk this amount of money and you learn that in the class for me so the Golden Gap system gives you a high percentage chance of a high percentage success rate as a day trader because I am really pinpointing with the rating system every day we should be looking at and the thing is you're not really there's not like a million things to look at I know it sounds like there is there's so many stocks in the market but there isn't after you've learned the system and you rate it there's like one or two or three it's not like a million and then you're really really so focused on the stocks you're trading that you can take this kind of risk the Golden Gap system really puts the odds you want to trade, you want to be successful okay so I teach a class, the class is called the Golden Gap course the Golden Gap course teaches a 26 point rating system to find the best stock to trade each day the course also teaches you how to enter and exit the stock on the day which is the targets and the entries in the 1 minute chart the course teaches price analysis and technical analysis on an advanced level and a very proficient rank to read supported resistance a lot of people read supported resistance incorrectly I'm taking you right now in reference to the market in the overall market direction the course teaches you to focus on one strategy in a detailed manner so you become a good trader because in order to make $1,000 a day you would need to become a good trader people that are not good traders are not making $1,000 a day consistently and again that doesn't mean they don't haven't made $1,000 in their lifetime it's the consistency, the consistency to do it and it all comes down to the 26 point rating system this is where you're getting the conviction and then you see the setup and you take it ultimately you must set yourself apart from the world of traders and investors by giving yourself an edge if you want to make $1,000 a day consistently and it is worth it I mean it's so worth it to be able to trade in such a short time every day and work from home and then make this kind of money and not even have a boss it is worth it it's worth the effort to learn it and do it which you've got to have a specific plan of action that you're going to use and a qualified strategy and if you have that then you can power yourself to trade the market and work for yourself because it's essentially what you're doing that's what I do so I teach a class, the class is called the golden gap course it's a full two-day course on how to strategically find pick-and-play stocks at a professional bearish gaps the class is online you can be anywhere in the world and take it retakes are free I'm teaching my next class on February 7th and 8th if you are interested the class is from 9am to 5pm eastern time the class of the class is $2,999 if you are interested you can email me at melissa at thestockswish.com I have a live trading room you can email me if you would like a trial to the room however you cannot sign up for the live room unless you've done the class the only people that are in the live room with me every day to get my calls and Microsoft and all the other ones is people that have done the gap class however I do give trials if you're interested in that you can email me I'm doing a webinar special through Friday if something I said today resonates with you and you can tell that I know what I'm talking about which I do I'm running a special here if you sign up by Friday for next weekend's class you get one month free in the live trading room and this other class that I discussed with you which is called the wealth manifestation class you would get this for free it would save you $650 about deadline for this is Friday, January 30th and this is a great class where I talk about money and wealth and your brain and how your brain works and this is one of the reasons why you have to be so focused on one specific thing that you're doing when you're trading every day to consistently do it it's like when I see something right away as I just know, I just know how I'm able to do it my brain is so in touch with what I need to see it just it's like right there it happens like immediately like spontaneous enlightenment you want to call it and this is how I'm able to call the market so 2015 is here it's going to be a big year for me what about you? If you're interested email me at Melissa at thesockswish.com thank you so much for listening to me today we have a few minutes here for questions Aimeen does anyone have any questions? Yes a few of them are coming across the board if you have any questions for Melissa just type them in a little chat box and I will get to them if we have enough time so first off I just want to say Rick was saying that you sounded like a woman possessed so I think that's a compliment because I'm really on a roll today so good job the first question I have for you you use tight stops in this strategy I think it was the last one you were looking at what percentage of your trades are stopped out? David is asking if I get stopped out the trades failed actually I haven't been stopped out of a trade that's going on to work probably for more than the last six months if I get stopped out the trade fails and then I want to be out I am really really good at knowing where the stop needs to be if I get stopped out if it goes on to work All right next one Rick is asking what charting software do you use? There's so many out there I'm not a proponent of anyone specifically but I will tell you that I've used a couple different ones and I'm going to change to eSignal for those of you that have ever heard of it you can email me to get a free demo from them I found them and they go back the longest period of time more than any platform that I've currently been using which I just recently found out and that is huge huge huge to be able to go back the amount of time they go back and intraday charts I'm not a proponent of anyone right now that I'm currently using because I'm going to be changing to eSignal so eSignal goes back the longest of any charting platform I've ever found I've used many many different ones I don't champion anyone specifically I don't champion the eSignal because I found out how long their charts go back and the longer that I can go back an intraday chart is going to give me a better read on something so right now I would say eSignal and if you want information to get a free demo from them or any more information email me and I'll send you my contact there right well thank you very much for presenting on triggers exclusive demos so it's always a pleasure really quickly remind us how to get a hold of you again if you're interested in getting a hold of me at www.Wush.com you can feel free to phone me at 602-799-5754 all right thanks Melissa great having you on thanks Amy Bye-bye