 everyone and welcome. This is Melissa Armo with the Stock Swish and I thought I would go over seven trading lessons for today or any day actually to help you. This is me. If you'd like more information you can email me at Melissa at thestockswish.com or call me at 929-3200 Gap. Follow me on Twitter, Facebook, YouTube or Skype. So for those of you that don't know, I started trading back in 2008. It's 10 years actually in December and it feels like a long time and yet it feels like I've been doing gaps forever. That's the only thing I focus on in the market and I had a good chuckle. Actually this was on Sunday when I wrote this article. I had a good chuckle because I get solicited from every trading educational place in the world just like you people do and everyone on my list which is most of you have come to webinars and then you sign up for my list and in the last six years I've had the Stock Swish. I've still been getting emails from people that I had signed up for 10 years ago. You know some of them around, some of them aren't and I never open them up but for whatever reason my personal email I chose on Sunday to open up an email board on the cash watching TV and I even took the time to listen to the video on the email and it motivated me to write this script. So the video went over roughly 18 completely totally different stock symbols that that one trader who said that they ran a trading room did in one day and he was touting it like it was some great things, some amazing thing. 18 trades is just ridiculous to me in one day. One day 18 different ticker symbols and he was bragging that somehow this method he was doing was fantastic. I don't think it was method at all he just was giving potshots of things but anyways I'm thinking 18 trades 18 different symbols in a day that's insane. Your commissions would add up to be huge if you did that many and chances are you'd lose or be very hard to follow that person. So anyways of the 18 eight were losers according to this person in 10 were winners in the group and the person said they had a great method and I just laughed so hard I almost fell off the couch. I mean it just I was I mean I'm laughing right now even thinking about it again thinking about the video because 18 trades or 18 ticker symbols is insane. Anyways I remember the days when I started trading 10 years ago when I would be in a trading room not unlike the one in the video that that guy runs even today and I would lose and I would lose and I would lose and I would think that this was totally stressful and then I would think it's not even possible to make money in the market because from 9 30 to 4 I'd be in these trading rooms that would trade all day and do 18 10 20 30 trades a day and I think this is nuts and and they take them and they kill them and they take them and they kill them and it would just impossible to follow and they'd be in more than one thing at a time but I would also think that gosh you know I can't even duplicate what this person's doing even if they were profitable there's no way I would think to myself that I could even duplicate what this person's doing so then I belled in that room and it was the same in every room and then I eventually started to create my own method and that's what led me to doing the golden gap in my own thing but so many trading rooms over trade in fact I'm I'm certain that I'm probably one of the few other just that does not I don't have the room open all day for one thing and I just could not stand the over trading of basically every trade room out there who who are very difficult to follow and and I'm not I'm easy to follow so that's one of the reasons when I created my own business I said you know what I'm going to tell people what to do and then I'm going to do it and I'm going to tell them to stop because you have to keep the money you make in the morning and even if you take a loss in the morning you should stop so that you don't have big losses anyways one of the things that I do very well is I'm clear in what stock I'm watching one or two typically one and I usually focus on one ticker symbol of time and preferably only one per day and if I end up having to watch more than one ticker symbol chances are I'm really not having a great day and I'm literally that precise and usually picking the best thing that day that works it's not that every trade wins but I definitely have conviction in what I choose and and when you're doing 18 things in a day you say wait a minute there's no way you'd have conviction in 18 different things so the person in the video so they know how to reprice action which I thought was hilarious really well and that they just kill something if it's not working with a loss after they took the trade why even take a trade if it's not going to work and to me that's just taking pot shots and that's what most traders do and if you're following a person like that that's leading a trading room you're losing and after 18 different symbols in one day that is pretty obvious to me that you'd be losing so part of the reason I'm really good at what I do is my focus and I don't take pot shots or just kill something if it doesn't go right away sometimes we take a trade it's down stop it's holding and then it goes on to be a winner I stick with the trade stick with the conviction of a rating system that I apply to every single stock and I only do it if I see the setup after I read it on the live day if it meets my criteria or the point system and that's what you learn in the class with me and I have a hundred percent conviction when I'm looking at or I don't do it at all in fact if I don't have conviction of something I don't do it I'm not giving it a chance that that's like that I mean that is just so crazy to me and the thing is that's how most people trade and that guy's running a room and people are following him and they've got to be losing I mean I just there's no way they could be winning less trades means more wins and less losses and that means more profits and it also makes it easier for students and new traders if you're following me I'm really looking at one thing be hard for you to screw it up unless you're showing you know you don't know how to press the button in a platform but I suggest to people if you're new trade in a demo first so that you do not fat finger a trade and actually sure when you mean to go long or vice versa you gotta know how to press the button in the right direction that's key and most most brokers will teach you okay for free in a training session but anyways I have about a 70% win ratio not a 55% win ratio because eight losses and 10 wins and 18 18 ticker symbols is a is a 55% win ratio and I don't know what he averages but I'm just saying that's insane to me with a low win ratio and too much of retreating you need big winners to survive or even just break even after commissions and platform fees and although I may have the occasional big one it's not every day or even every week all right so let's get to what you can take away from this today besides the fact that you should never have a trade which is the highlight from today's lessons there's seven trading lessons for you today and every day you should remind yourself get up in the morning read these and proceed number one get really good at one thing if you want to make money the market period end of story so I'm good at gaps that's it I don't need anything else boom that's it two do not over trade ever it leads to losses you'll never win and if you're doing that three four five days a week there's no way you're ever gonna get anywhere and if someone tells you that they're doing 18 trades a day or 25 trades a day chances are they're losing three focus on one or two ticker symbols per day then you can read stocks better you'll understand how price movement works you'll be focused you'll be less stressed you'll be more relaxed you can take more size you can focus on what you're doing in the specific ticker symbol you're in and you can hold the conviction for follow a system daily don't deviate do not deviate or make it up as you go along if you come and take my class follow what I do don't create something I already created it you pay me you come you learn it you do it that's it five follow a mentor and a moderator in a trading room that doesn't take potshots and who you can understand and does not over trade it's crazy to me six having a high wind ratio is more important than getting big ones or even having a huge day although it can happen it's about the consistent wins and not only that about chunking it out to build your own account and seven don't be cheap gosh there's so many people that are cheap rich people that I've talked to are cheap get an education first before you risk your money in the market if you don't get education and just jump from room to room guess what you will lose your money in your trading account and if you trade and you don't have any education you're gonna lose I just talked to a gentleman in the last week from the time I originally spoke to him and he did not sign up for the class and the last month he lost half his account and I don't know if he'll do the class or not but chances are he'll lose the rest of his account because he doesn't have any education in the correct system or strategy and not find a mentor and he doesn't want to spend the money in education and I'm telling you right now don't be cheap if you follow someone that knows what they're doing you're going to be profitable and make money if you're out there jumping around you're just destined to lose it could be a slow bleed but you're gonna lose in the end and that is just is just silly so ultimately if you want to make money in the market you can do this for living if you want to you can do it part-time the hours are definitely part-time but you're working for yourself and you're working for poem and you're using your own funds to do it and your own ingenuity if you'd like to learn my method it's called the golden gap course it's a class I teach usually once a month I haven't done a class for a while I've been so busy trying to squeeze in two more classes before the end of the year the next one is this weekend November 17th and 18th and then I'm doing this Sunday Monday if you can't make it Saturday nine to five eastern time across the class it's 59.99 US dollars the class is online it could be anywhere in the world and take it if you want to do the combo it's 64.99 US dollars and that means if you want to sign up you have to email me I send you the forms you would fill out your information with your credit card and that's that it would be processed and you can split it up on several cards once the brand new site is done you'd fill it out in the shopping card but either way it has to be paid with a credit card that's the only way I accept it and I do accept all major credit cards the good thing about the trends is that you learn long-term trends and you would save on this two classes in one and you do the trends class in December so you'd save five hundred dollars now if you just want to do options that's available too the option letter is you get every trade for a year email to you you don't learn the system though but it's five grand for the year 49.99 trades are emailed to you email me have a list at the stockswish.com if you want to register definitely definitely sign up so you don't miss any more trades between now and the end of the year if you're interested in anything I said tonight please email me just think about the things I said just be smart about the way that you choose to spend your money particularly in trades that you take or following people that you don't know what they're doing can't follow them and over trading is deadly it's just deadly I know from my own experience 10 years ago and I'm telling you it is deadly and any moderator of any trading room that is doing 10 15 20 trades or more a day is is doing a disservice to the people that are following them and you're not going to make any money in the long run that way please do not inhabit of over trading if you have any questions email me at melissa at the stockswish.com have a great night everyone